Bridgewater Showcases Industry Leading LTE Control Plane Interoperability at Global MultiService Forum Event
OTTAWA, March 15, 2010--
- Interoperability testing of Bridgewater Home Subscriber Server and
Policy Controller underway with LTE ecosystem partners
Bridgewater Systems (TSX: BWC), the mobile personalization company, today
announced its participation in the Global MultiService Forum (MSF)
interoperability testing event over the next two weeks at Vodafone's Centre
for Test and Innovation in Düsseldorf and the China Mobile Research
Institute Lab in Beijing. The testing focuses on validating Evolved Packet
Core network interfaces to enable multi-vendor deployment strategies for
- The MSF event, a global first to focus on multi-vendor, multi-operator
interoperability spanning multiple sites, promotes and fosters
compatibility and interoperability with leading network equipment
vendors and operators including Vodafone, China Mobile, NEC, Starent
Networks now part of Cisco, Huawei, ZTE, Alcatel Lucent, Agilent and
Codenomicon. The event is an important step towards validating MSF
architectural framework release 5 for LTE, developed to incorporate
3GPP System Architecture Evolution.
- Among the products undergoing interoperability testing at the event
are the standards-based Bridgewater(R) Home Subscriber Server for HSS
1.0 (S6a interface), the Bridgewater(R) Policy Controller for PCRF 4.0
(Gx, Gxc interfaces), and the Bridgewater(R) 3GPP AAA Interworking
Module for 3GPP AAA 8.3 (S6b, STa interfaces).
- Participation underscores Bridgewater's leading role as the only LTE
control plane specialist at the event. The company also recently
announced a multimillion dollar LTE win at MetroPCS as well as LTE
trials with five Tier 1 mobile operators in Asia Pacific and North and
David Sharpley, Senior Vice President, Bridgewater Systems
"Bridgewater's commitment to the broadest set of LTE control plane
interoperability with major equipment vendors ensures that operators can
adopt a multi-vendor, multi-access approach. Our unique
'control-plane-in-a-box' approach which combines the Bridgewater Home
Subscriber Server, Policy Controller and Inter-working capabilities allows
operators to rapidly and cost-effectively trial, launch, and scale
David Francisco, MultiService Forum Board Member
"Operators such as China Mobile and Vodafone require extensive
interoperability between vendors to accelerate the evolution towards LTE. The
Global MSF Interoperability event in Düsseldorf and Beijing represents an
important landmark in the standards-based evolution to LTE, especially in the
evolved packet core."
Bridgewater Systems, LTE, MultiService Forum, Interoperability, China
Mobile, Vodafone, NEC, Cisco, Policy Control, Home Subscriber Server, AAA
Bridgewater Systems, the mobile personalization company, enables service
providers to efficiently manage and profit from mobile data services, content
and commerce. The company's market leading mobile personalization portfolio
provides a real-time, unified view of subscribers including entitlements,
devices, networks, billing profiles, preferences and context. Anchored by
Bridgewater's Subscriber Data Broker(TM), the portfolio of carrier-grade and
standards-based products includes the Bridgewater(R) Service Controller
(AAA), the Bridgewater(R) Policy Controller (PCRF) and the Bridgewater(R)
Home Subscriber Server (HSS). More than 140 leading service providers
including America Movil, Bell Canada, Clearwire, Cox, Hutchison Telecom,
Iusacell, Scartel, SmarTone-Vodafone, Sprint, Tata Teleservices, Tatung,
Telmex, Telstra, and Verizon Wireless use Bridgewater's solutions to
rapidly deliver innovative mobile services to over 150 million subscribers.
For more information, visit us at http://www.bridgewatersystems.com.
About the MSF
The MultiService Forum (MSF) is a global association of service
providers, system suppliers and test equipment vendors committed to
developing and promoting open-architecture, multiservice Next Generation
Networks. Founded in 1998, the MSF is an open-membership organization
comprised of the world's leading telecommunications companies. The MSF's
activities include developing Implementation Agreements, promoting worldwide
compatibility and interoperability of network elements, and encouraging
input to appropriate national and international standards bodies. http://www.msforum.org
Bridgewater, Bridgewater Systems, the Bridgewater Systems logo, WideSpan,
Smart Caps, myPolicy, and Subscriber Data Broker are trademarks or registered
trademarks of Bridgewater Systems Corporation. All other company, product
names and any registered and unregistered trademarks mentioned are used for
identification purposes only and remain the exclusive property of their
For further information: Ed Barker, Bridgewater Systems,
firstname.lastname@example.org, +44(0)7939-492-656; Joanne
Steinberg, Bridgewater Systems, email@example.com,
Source: Bridgewater Systems
For further information: Ed Barker, Bridgewater Systems, firstname.lastname@example.org, +44(0)7939-492-656; Joanne Steinberg, Bridgewater Systems, email@example.com, +1-613-884-8831
AU Optronics to Exhibit Innovative Display Applications and Power-Saving Green Technologies at FPD China 2010
HSINCHU, Taiwan, March 15 -- AU Optronics Corp. ("AUO" or the "Company") (TAIEX: 2409; NYSE: AUO) will exhibit at FPD China 2010 at the Shanghai New International Expo Center (SNIEC) from March 16-18 to demonstrate a full range of innovative display applications and power-saving green technologies. 3D display technologies with panels ranging from 8 to 65 inches, the full range of 42 to 55-inch power-saving and LED backlit LCD TV panels, multi-touch LED panels with applications to desktop and notebook PC monitors, small and medium-sized AMOLED and e-paper display applications are among the wide array of exhibits that will be at the show.
With "Innovative Green Technologies, Amazing Digital Life" as the theme of this year's show, AUO hopes to employ innovative and power-saving green technologies to create a whole new viewing experience for a comfortable and fascinating lifestyle. The exhibition area is divided into several sections, including PID applications, 3D displays, power-saving and LED backlit LCD TV panels, ultra-wide LCD TV panels, IT applications, general display applications, high contrast/VA technologies, in-cell multi-touch panels, AMOLED and e-paper.
AUO will exhibit the latest 3D display technologies, such as the glasses- free barrier and lenticular lens types, and pattern retarder full HD 3D panels to be viewed with special glasses, with panels ranging from 8 to 65 inches. Of the exhibits, the 65-inch pattern retarder full HD 3D panel is the largest commercialized 3D TV panel available and will go into mass production in the second half of 2010. Impressive high-resolution 3D images can be captured with the help of polarized 3D glasses. The glasses weigh only 10 grams and come at a reasonable price, averaging US$2~3 per pair. For those who already own glasses, one must merely clip polarized lenses onto the regular frame for a 3D visual feast. This 3D panel is especially suited for large-sized three- dimensional displays in home theaters.
Power-Saving and LED Backlit LCD TV Panels
The trend toward eco-friendly power-saving TVs is irreversible. In view of this, AUO will demonstrate 42 to 55-inch power-saving and LED backlit LCD TV panels in the LCD TV Applications Section. The 46-inch full HD LCD panel consumes just 68w of power, 2.5 times less than traditional TV panels, and is the world's No. 1 in terms of power efficiency*. Meanwhile, the 42-inch full HD LCD panel with edge-type LED backlight reduces power consumption by as much as 50% and provides a dynamic contrast ratio of up to 1,000,000:1. In addition, 42, 46 and 55-inch full HD LED backlit LCD TV panels will be on display. The high-contrast panels, equipped with 10.8mm ultra-slim edge-type LED backlighting, are light, slim, and energy efficient.
To demonstrate its prowess in power-saving technology, AUO will showcase the 27-inch CCFL LCD panel for desktop PCs that is currently the world's slimmest and most energy efficient*. The panel is just 16.2mm thick, with ultra-high luminance and ultra-low power consumption at less than 30w. The eco-friendly power-saving backlight, reduced from 6 to 4 tubes, is low in mercury, adhering to Energy Star 5.0 standards.
AUO is an active player in the e-paper market and has been devoting efforts to the research and development of e-paper in all sizes. The SiPix Microcup(R) e-paper technology and products will make their debut in China. Products such as the 2-inch e-tag, the 4.3-inch e-book, and 6 and 9-inch e- books with in-cell multi-touch panels will be showcased. In addition, a 20- inch e-paper display module for electronic bulletin boards, a 6-inch foldable e-book module and flexible e-paper technologies are also to be seen at the show.
"China has soared to become the world's largest PC and TV market as demand skyrockets," said Paul Peng, AUO's Executive VP of Global Business Unit. "AUO has been actively advancing in the Chinese market over the years and will continue to strengthen its cooperation with local clients and business partners, so that it can provide this enormous market with the most advanced, eco-friendly and energy efficient display technologies and facilitate a more convenient and vibrant digital lifestyle."
The 2010 China FPD Conference, the most eminent technological event for China's FPD industry, will be held alongside FPD China. Dr. Fang-Chen Luo, AUO's VP & CTO, will be delivering a keynote speech entitled, "The Development of Active Matrix LCDs" on the second floor of the Yongda International Tower Convention Center in Pudong, Shanghai on March 16 at 10 a.m. Later at 4:30 p.m. on the same day, Paul Peng, Executive VP of AUO's Global Business Unit, will take part in the FPD China Forum 2010 as a panelist to present his views on the "Localization of Panel Manufacturing in China." Visitors to the show are most welcome to attend the event.
*Based on available market research information as of March 15, 2010.
About AU Optronics
AU Optronics Corp. (AUO) is a worldwide top three manufacturer* of thin film transistor liquid crystal display panels (TFT-LCD). AUO is able to provide customers with a full range of panel sizes and comprehensive applications, offering TFT-LCD panels in sizes ranging from 1.2 inches to greater than 65 inches. AUO generated NT$359.3 billion (US$11.2 billion) in sales revenue in 2009 and now houses a staff of more than 42,000 employees, with global operations in Taiwan, Mainland China, Japan, Singapore, South Korea, the U.S., and Europe. Additionally, AUO is the first pure TFT-LCD manufacturer to be successfully listed at the New York Stock Exchange (NYSE). AUO extended its market to the green energy industry in late 2008, and formally founded its Solar Photovoltaic Business Unit in October, 2009. For more information, please visit AUO.com.
* DisplaySearch 4Q2009 WW Large-Area TFT-LCD Shipment Report. This data is used for reference only and AUO does not make any endorsement or representation in connection therewith. 2009 year end revenue converted at an exchange rate of NTD31.95:USD1.
Safe Harbour Notice
AU Optronics Corp. ("AUO" or the "Company") (TAIEX: 2409; NYSE: AUO), a worldwide top three manufacturer of large-size TFT-LCD panels, today announced the above news. Except for statements in respect of historical matters, the statements contained in this Release are "forward-looking statements" within the meaning of Section 27A of the U.S. Securities Act of 1933 and Section 21E of the U.S. Securities Exchange Act of 1934. These forward-looking statements were based on our management's expectations, projections and beliefs at the time regarding matters including, among other things, future revenues and costs, financial performance, technology changes, capacity, utilization rates, yields, process and geographical diversification, future expansion plans and business strategy. Such forward looking statements are subject to a number of known and unknown risks and uncertainties that can cause actual results to differ materially from those expressed or implied by such statements, including risks related to the flat panel display industry, the TFT-LCD market, acceptance of and demand for our products, technological and development risks, competitive factors, and other risks described in the section entitled "Risk Factors" in our Form 20-F filed with the United States Securities and Exchange Commission on June 4th, 2008.
Source: AU Optronics Corp.
CONTACT: Freda Lee, +886-3-5008800 x3206, +886-3-5772730 (Fax), or
firstname.lastname@example.org, or Yawen Hsiao, +886-3-5008800 x3211, +886-3-5772730 (Fax),
email@example.com, both of Corporate Communications Division, AU Optronics
Zuuply.com Provides Comprehensive Answers to Consumers' Finance-Related Questions
Finance Site Provides Useful Information on Credit Cards, Debt Management, Personal Finance, Taxes and Other Financial Topics
SAN DIEGO, March 15 -- Today marks the launch of Zuuply.com, a comprehensive resource website for consumers who want answers to common finance-related questions. Site visitors can post their financial questions on the site's homepage or search thousands of resources available on the site to learn more about annuities, credit cards, investments, banking, loans, personal finance, business taxes and more.
"Since the economic downturn, an increasing number of Americans are finding it prudent to learn more about financial strategies and resources that may help them rebound from a financial crisis, such as a layoff or foreclosure," said Shelly James, president. "Others, who have not been devastated by the economy are seeking information to help them stay solvent, and safeguard their savings from the impact of the current recession or future recessions."
Zuuply.com promotes financial literacy by providing comprehensive, easy-to-digest articles, answers and other resources for consumers seeking the information they need to take charge of their financial future. Site visitors can search the site for topics of interest and browse questions and answers previously posted, or post their own question if the information they need isn't currently archived on the site. Questions are answered by both experts and consumers, creating an interactive and informative online community.
"Zuuply.com is a safe space where people can feel comfortable asking financial questions," said James. "It's our goal that the site will help consumers access the information and resources they need to manage their finances with more confidence and steer them toward a brighter, more prosperous future."
Launched in 2010, Zuuply.com is poised to become the leading online resource for consumers seeking answers to common personal finance questions. The site features more than 1,000 finance-related articles and is completely free to use. Visit http://www.zuuply.com for more information and advertising opportunities.
CONTACT: Shelly James of Zuuply.com, +1-619-569-1631, or
SuperWebs.com Now Offers Tool to Optimize Internet Presence
'Search Engine Visibility' Designed to Get Web Sites Noticed
OBERLIN, Ohio, March 15 -- According to analyst firm Netcraft, there are more than 238 million Web sites online. Getting a Web site noticed online can be daunting, which is why SuperWebs.com decided to offer Search Engine Visibility.
"Search Engine Visibility walks users through a step-by-step process to make their Web site search engine friendly," says Chris Smith, President & CEO, SuperWebs.com. "This not only makes a search engine more likely to index the entire site, but to help get the Web site higher in search engine rankings."
Search Engine Visibility lets users optimize their site by defining keywords, analyzing content and tracking keyword performance. Search Engine Visibility also provides a "Top 10 SEO Checklist," which helps identify commonly made mistakes and techniques on how to make a Web site stronger.
Search Engine Visibility also provides a video tutorial and other educational materials which help users understand the search engine optimization process. Once a Web site is optimized, users can submit their Web site to the most commonly used search engines on the Internet.
Users can call SuperWebs.com's 24/7 customer care representatives if they have any questions during the optimization process.
AboveNet Launches low Latency Connectivity Between key Financial Centres in London and New York
LONDON and WHITE PLAINS, New York, March 15, 2010--
- Leading High-Bandwidth Connectivity Provider Offers one of the
Industry's Fastest end-to-end Transatlantic Connections for Demanding low
AboveNet, Inc. (NYSE: ABVT), a leading provider of high-bandwidth
connectivity solutions, has launched one of the industry's fastest, low
latency end-to-end transatlantic connections between London and New York,
reaching key financial locations in:
London: Slough, The City and Docklands
New York Metro: Manhattan and New Jersey, including: Newark, Weehawken,
Secaucus, Carteret, and Clifton
AboveNet's new low latency transatlantic service is targeted specifically
at the financial sector, supporting critical applications such as foreign
exchange trading and market data feeds. "With venues such as Chi-X now
operating out of Equinix in Slough and NASDAQ operating out of Carteret, New
Jersey, we're seeing a growing requirement for low latency transatlantic
connectivity. We're expecting strong demand for our premium service from
organizations such as investment banks, hedge fund operators, as well as
foreign exchange and equities traders," commented Director of Sales and
Marketing for AboveNet UK, Alan Berryman. "Because we can now guarantee every
aspect of our transatlantic and metro services, customers can always rely on
AboveNet to deliver the low latency performance their business demands,"
Berryman further added.
This premium service is backed by one of the industry's strongest SLAs
under AboveNet's Agility Guarantee program. The programme provides guarantees
on the transatlantic service by combining one of the shortest transatlantic
cable systems with the most direct terrestrial backhaul link into New York
and Slough. In addition, AboveNet also provides latency guarantees for as low
as sub-1ms round-trip for access to hundreds of buildings in the New York and
London metro markets.
AboveNet Chief Technology Officer, Rajiv Datta, said, "Adding the low
latency capability between New York and London is a natural extension of our
industry-leading Agility Guarantee program. In addition, we can now provide
high bandwidth connectivity between London and our 16 U.S. markets for a
broad range of customer applications."
AboveNet, Inc. provides high-bandwidth connectivity solutions for
business and carriers. Its private optical network delivers key network and
IP services in and among top U.S. metro markets and globally. AboveNet's
network is widely used in demanding markets such as financial services,
media, health care, retail and government. To learn more go to http://www.above.net.
For further enquiries, please call +44(0)207-220-3822
Source: AboveNet Communications UK Ltd
Contact: Fiona Burke - UK Tel: +44-20-7220-3866, firstname.lastname@example.org; MaryBeth Nance - US Tel: +1-571-262-2865, email@example.com
EMI Group Selects Brightcove Platform for Online Video Initiatives
Music entertainment powerhouse standardizes advertising-supported video operations across North America
AUSTIN, Texas, March 15 -- Today at SXSW 2010, Brightcove Inc. announced that EMI Music, one of the world's largest music companies, will use Brightcove as its online video publishing and syndication platform in North America. EMI Music, which is home to chart-topping recording artists and legendary catalog artists, will use Brightcove's comprehensive online video platform to publish, distribute and monetize video content across its website properties and to some of EMI Music's third party syndication partners.
"These new capabilities will be great for our artists and will help us with our mission to bring fans together around high-quality music entertainment programming, while also creating business value wherever music is experienced," said Samir Housri, Director of Business Development at EMI Music. "The Brightcove platform provides us with the flexibility to effectively monetize, distribute and analyze the performance of our online video content, as well as to extend the reach of our content through Brightcove's strong partner network."
With Brightcove, EMI Music has access to the most comprehensive and advanced features for publishing and distributing advertising-supported online video content. Brightcove will give EMI Music greater ability to provide high quality, interactive and engaging user experiences across the Web. The Brightcove platform enables EMI Music to create highly customized viewing experiences, including country and language-specific video experiences for its Web properties. Brightcove also makes it easy for EMI Music to significantly expand the audience reach of its video content through search engine optimization, advanced social sharing tools and a wide-range of third party distribution capabilities. Additionally, Brightcove's ease of integration with leading advertising servers will enable EMI Music to expand its monetization strategy and open up new revenue streams through online video advertising.
"EMI Music has an amazing catalog of music entertainment video content that is popular with audiences around the world," said Jeremy Allaire, Brightcove chairman and chief executive officer. "We look forward to helping EMI Music extend the reach of its video content through high quality, branded, customized online video experiences that take advantage of third party distribution features and open new sources of revenue for the organization."
Brightcove is a cloud-based online video platform. Media companies, businesses and organizations worldwide use Brightcove to publish and distribute video on the Web. Founded in 2004, Brightcove has offices across North America, Europe and Asia and customers in 42 countries. For more information, visit http://www.brightcove.com/.
About EMI Music
EMI Music is one of the world's leading music companies. EMI Music represents artists spanning all musical tastes and genres. Its record labels include Angel, Astralwerks, Blue Note, Capitol, Capitol Latin, Capitol Nashville, EMI Classics, EMI CMG, EMI Records, Manhattan, Mute, Parlophone and Virgin. Its EMI Music Services unit provides EMI's roster of artists - as well as independent labels and artists - with a global menu of commercial services and seamless access to an expanding range of revenue streams.
Source: Brightcove Inc.
CONTACT: North America, Erika Shaffer of SutherlandGold Group,
+1-206-972-5514, firstname.lastname@example.org; or Europe, Stephen Orr of AxiCom
+44 20 8392 4056, email@example.com, both for Brightcove; or Jeanne Meyer
of EMI Music, +1-212-786-8850
AT&T Rolls Out New Flagship Services and Spring Portfolio of Quick Messaging Devices
Group Messaging, Address Book and Video/Photo Sharing Tools Integrated Into Soon-to-Launch Devices Latest Quick Messaging Phones Include Full Keyboard Devices from Pantech and Samsung
DALLAS, March 15 -- As a growing number of consumers increasingly realize the benefits of mobile broadband and applications, AT&T is bringing smartphone-like experiences to a wider range of powerful yet affordable devices designed for the mass-market. AT&T* today announced a line-up of four new Quick Messaging Devices that will be among the first to offer a new suite of consumer data services that will significantly enhance messaging, video and photo sharing, and contacts management.
"Quick Messaging Devices are very important for us - it's a category that we defined for the industry and that we continue to lead in value, quality and innovation," said David Christopher, chief marketing officer of AT&T Mobility and Consumer Markets. "Quick Messaging Devices are among our most popular and fastest-growing phones. They offer great value - and now will offer cutting-edge services that enhance the overall experience consumers have with these phones.
"The evolution of the mobile phone experience - increasingly sophisticated hardware and software, including apps - has been advancing rapidly due to the proliferation of smartphones in recent years. At AT&T, we're ensuring a similar rich, ever-evolving experience exists for the sizeable number of our customers who use Quick Messaging Devices."
The new services, to premiere first on the Samsung Strive(TM), include:
-- AT&T Address Book - Syncs contacts to an online address book so
customers can access and manage their mobile contacts from their
handset - or their PC. Synchronization occurs automatically when any
change is made, so contact information is always backed up. From the
online interface, customers can import contacts from other Web-based
address books, such as personal e-mail accounts, as well as send text
messages to their contacts' mobile numbers. There is no additional
charge to use AT&T Address Book.
-- Next Generation Messaging - Brings an advanced messaging experience
designed by AT&T to the quick messaging phones category. The familiar
text messaging experience is enhanced with group messaging and "reply
all" functionality for up to 10 contacts, a threaded conversations
format, a consolidated inbox, and enhanced multi-media display. AT&T
designed the service based on research that revealed customers want
features that help with social planning, improved message organization
and better media integration - but are also simple to use.
-- AT&T Mobile Share - Helps customers quickly transfer photos and videos
captured on their mobile phone to other destinations and allows
customers to manage that content across the mobile and PC screens.
With just a few clicks, customers can share videos and pictures in
full resolution, up to 10MB, with their home computer, social
networking sites, other people and a personal Internet-based storage
locker from AT&T - all from their wireless handset. Customers can
access pictures and videos stored in their AT&T Locker at any time
from any Internet connection or from their handsets. AT&T Mobile
Share is available for $10 per month for 50 media transfers; customers
can also pay per use, at $.35 per transfer. The service includes
online storage of 250MB at no charge. Customers can purchase an
additional 10GB of storage for $5 per month. Standard data charges
apply for browsing the online media locker from the mobile handset.
Both AT&T Address Book and AT&T Mobile Share bring the benefits of cloud-based services to consumers, giving wireless customers the convenience of seamless access to content and information across the mobile and PC screens, in addition to peace of mind in knowing their content isn't lost if they ever damage or lose their phone.
The new quick messaging phones lineup for spring 2010 includes:
-- Samsung Strive(TM) - In addition to featuring the new AT&T services,
the Samsung Strive will be available on March 21 in two color
combinations, black/silver and purple/charcoal. Strive features a
2.0-megapixel camera and a vertical slide design to reveal a full
keyboard for tapping out info on Mobile Email, instant messaging and
social networking apps like AT&T Social Net with ease. The Strive will
be available for $19.99 for a limited time with a two-year agreement
and after $50 mail-in rebate, as part of AT&T's current 50%-off quick
messaging phones promotion.
-- Samsung Sunburst(TM) - With a stunning design that accents Sunburst's
touch screen, the GPS-enabled phone is fun and sophisticated, with a
curvy exterior and light accent below the screen. A widget bar
feature allows one-touch access to a wealth of phone functions like
creating a text message, in addition to direct links to social
networking sites. Sunburst will also be available on March 21 for
$39.99 after a two-year agreement and $50 mail-in-rebate.
-- Pantech Link - An ultra slim and light, full keyboard quick messaging
phone. Link's contemporary design makes it one of the sharpest in the
popular, bar-style family of handsets. With black and blue accents,
Link provides direct access to a fun and sought-after range of
features such as Mobile Email, instant messaging, AT&T Mobile Share,
AT&T Social Net, AT&T Navigator and more. Link will be available in
AT&T stores and online in the coming weeks.
-- Pantech Pursuit - Combining a full touch screen with a vertical
sliding keyboard, the Pantech Pursuit plays host to a set of cool and
unique features via shortcuts on Pantech's first touch user interface
for easy, customizable access to apps and features like AT&T Social
Net, AT&T Address Book, and social networking sites. Available in the
summer in green or blue, the Pursuit will also support face
recognition software and geotagging to get the most out of your
For more information and detailed disclaimer information, please review this announcement in the AT&T newsroom at http://www.att.com/newsroom.
*AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc.
AT&T Inc. (NYSE:T) is a premier communications holding company. Its subsidiaries and affiliates - AT&T operating companies - are the providers of AT&T services in the United States and around the world. With a powerful array of network resources that includes the nation's fastest 3G network, AT&T is a leading provider of wireless, Wi-Fi, high speed Internet and voice services. AT&T offers the best wireless coverage worldwide, offering the most wireless phones that work in the most countries. It also offers advanced TV services under the AT&T U-verse(SM) and AT&T | DIRECTV(SM) brands. The company's suite of IP-based business communications services is one of the most advanced in the world. In domestic markets, AT&T's Yellow Pages and YELLOWPAGES.COM organizations are known for their leadership in directory publishing and advertising sales. In 2009, AT&T again ranked No. 1 in the telecommunications industry on FORTUNE® magazine's list of the World's Most Admired Companies.
AMICAS Announces Cardiology Clinical Reporting Milestone at ACC.10
With over 90 departmental knowledge bases sold, Web-based clinical reporting module is streamlining structured reporting for cardiology
BOSTON, March 14 -- AMICAS, Inc. (NASDAQ:AMCS), a leader in image and information management solutions, announced today at the 59th Annual Scientific Session of the American College of Cardiology (ACC.10), that the company has signed contracts for more than 90 clinical knowledge bases for Web-based structured reporting for cardiology.
A module of AMICAS VERICIS®, clinical knowledge bases help cardiologists quickly and easily generate complete reports by providing a reporting template that is contextually matched to the type of exam being reviewed. Each of the knowledge bases, which are designed to streamline reporting, contain fields that are specific to each modality so that cardiologists are able to communicate results quickly and efficiently, while also collecting data important for a variety of important activities, including ACCF-NCDR CathPCI Registry Reporting.
"Since the launch of AMICAS VERICIS' Web-based reporting at ACC.09, AMICAS has signed contracts for more than 90 departmental knowledge bases for this solution across all areas of the cardiology department, including cardiac cath, echocardiography, nuclear medicine, and vascular ultrasound," said Rodney Hawkins, vice president of product management at AMICAS.
"AMICAS' cardiology solutions, originally developed by Camtronics, are completely focused on the automation of cardiology workflow," said Mr. Hawkins. "With AMICAS VERICIS' Web-based reporting, cardiologists around the country are now able to report on any cardiology study from anywhere - whether they are located in their office, in the cardiology department, or even in their own homes. Location-independent, Web-based reporting caters to cardiologists' needs as they are often mobile and still need to provide timely patient care."
AMICAS will highlight its cardiology and enterprise IT solutions at ACC.10 from March 14 to 16 in Atlanta, GA. AMICAS will be in booth #636.
AMICAS provides the following solutions for cardiology:
-- AMICAS VERICIS, which provides a true multi-modality solution for
reviewing all types of cardiology images and a Web-based reporting
module that allows cardiologists to perform structured reporting
-- AMICAS Hemodynamics(TM), which provides hemodynamics data collection,
waveform analysis, and procedural reporting on a single, easy-to-use
-- AMICAS ECM(TM), which helps hospitals and IDNs consolidate all of
their images and image-related information in a proven vendor-neutral
infrastructure across radiology, cardiology, and other image-intensive
specialties from multiple PACS systems.
-- AMICAS EchoIMS(TM), which drives pediatric echocardiography quality
-- AMICAS ACCF-NCDR CathPCI Registry Reporting, which provides a
Web-deployed application for collecting and submitting ACCF-NCDR
CathPCI Registry data.
-- AMICAS VERICIS advanced integrations for ECG management, 4D echo,
advanced nuclear medicine, and coronary CTA visualization, which
provide single-click access to advanced visualization tools from a
single AMICAS VERICIS workstation.
AMICAS® and VERICIS® are registered trademarks and/or service marks, and AMICAS VERICIS(TM), AMICAS Hemodynamics(TM), AMICAS ECM(TM), and AMICAS EchoIMS(TM) are trademarks and service marks of AMICAS, Inc. All other trademarks and company names mentioned are the property of their respective owners.
AMICAS, Inc. (http://www.amicas.com) is a leading independent provider of imaging IT solutions. AMICAS offers the industry's most comprehensive suite of image and information management solutions - from radiology PACS to cardiology PACS, from radiology information systems to cardiovascular information systems, from revenue cycle management solutions to enterprise content management tools designed to power the imaging component of the electronic medical record (EMR). AMICAS provides a complete, end-to-end solution for radiology practices, imaging centers, and ambulatory care facilities. Hospitals and integrated delivery networks are provided with a comprehensive image management solution for cardiology and radiology that supports EMR strategies to enhance clinical, operational, and administrative functions.
Director, Marketing Communications
The ASE Publishing sites will have something special coming next week. In addition to the special thing, we'll be having a contest that will involve the forum, Twitter, and Facebook. If you use these sites, be prepared to spread the word soon.
New Opportunity to Sell Independent and Unsigned Music Online Through Sounds2Buy.com
A new professional platform for unsigned and independent bands to sell and promote their music has been launched at Sounds2Buy.com.
LONDON, March 13 -- Musicians are using the site to expand their current audiences and to sell their songs online, offering the rare opportunity to make some cash from their art. In addition to this service, Sounds2Buy.com includes a range of other useful services for up-and-coming bands and artists, including:
-- Merchandising areas where users can design their own t-shirts before selling them on the site
-- A review section that allows musicians and listeners to leave feedback on each other's music - potentially boosting their profile through recommendation for a front-page feature
-- A range of articles aimed at people in the music business, offering guidance and advice on making it as a commercial success
Although a huge number of firms claim to offer the world to young musicians, Sounds2Buy.com has a new slant in that it provides a straightforward way for bands and musicians to actually sell their music to paying and willing audiences for cash.
The website prides itself on being user-friendly and seems to be an effective way for new musicians to enhance their public profile.
Interestingly, the site has a partner radio station, Ore Stone Radio, which plays submitted music from the site, providing another route to notoriety for hopefuls.
The site's founder, Ben Rivaux explains that there are different types of accounts open to new users: "the first type of account is free and lets users upload one video and as many as five of their tracks for streaming and sale, so artists can start building a fan base straightaway."
Devoted music fan Ben says he came up with the idea for the site after growing frustrated with big companies making huge profits from artists. He claims he is aiming to put song royalties back where they belong: in the pockets of the musicians who created them.
Panasonic Touch the Future Tour Lets Consumers Get Hands-On With Latest Cutting-Edge Technology for Home Entertainment and Digital Imaging
15-City Tour Kicks Off Next Week Featuring Demonstrations of First Full HD 3D TVs, 3D Gaming, Internet-Connected TVs, LUMIX Digital Cameras and More Sweepstakes Will Make One Visitor in Each City Among the First To Own A Full HD 3D Home Theater System*
SECAUCUS, N.J., March 12 -- Panasonic, a global leader in consumer electronics technology, announced today that its 15-city "Panasonic Touch the Future Tour" will kick off on Monday, March 15 with events in New York City, Los Angeles and Chicago. The public tour will give consumers across the US an opportunity to see, hear and interact with the latest cutting-edge home entertainment products, including a chance to experience live the first Full HD 3D Home Theater systems.
The Panasonic Touch the Future Tour, which will visit 15 cities across the US over the next five weeks, will appear in popular, high-traffic venues in Atlanta; Boston; Chicago; Dallas; Detroit; Houston; Los Angeles; Miami; Minneapolis; New York; Philadelphia; San Francisco; Seattle; Scottsdale, AZ; and Washington, DC. A complete listing of event locations and dates can be found at http://www.panasonic.com/future.
"Panasonic has really raised the bar in consumer electronics for 2010," said Bob Perry, Senior Vice President, Panasonic Consumer Electronics Company. "From the launch of the world's first VIERA Full HD 3D Home Theater Systems, to IPTV-enabled HDTVs with Skype video calling, to LUMIX Digital Cameras and Camcorders that make it easy for anyone to capture crisp, clear memories, there has never been a more exciting time for consumers to take their home entertainment experience to a new level. Many people may have heard about these new advances but we want to give consumers across the US a chance to experience it all for themselves and see first-hand how it can enrich their lives."
The Panasonic Touch the Future Tour features hands-on demonstrations of Panasonic's 2010 cutting-edge products and features including Full HD 3D Plasma Home Entertainment Systems, flat panel VIERA Plasma, , LCD and LED HDTVs; Blu-ray Disc Players, Home Theater Systems; and LUMIX Digital Cameras and Camcorders. Highlights of the Tour include:
Experience VIERA Full HD 3D Home Theater - Visitors to the Panasonic Touch the Future Tour will be able to experience the world of 3D for the home with Panasonic's award-winning Full HD 3D Home Theater System featuring the VIERA VT25 Full HD 3D Plasma TV, the BDT350 3D Blu-ray Disc Player and Panasonic Active Shutter Eyewear. Panasonic Full HD 3D Home Theater Systems are now available at select Best Buy Magnolia Home Theater stores.
"For many people, this will be the first opportunity for them to experience for themselves the immersive world of Full HD 3D," said Perry. "People who have already had the chance to see one of our demos have been amazed at the depth and sense of being there that Full HD 3D delivers. It is something they won't want to miss."
See the World's First Commercial 3D Television Channels - Panasonic will be the exclusive presenting sponsor of DIRECTV's new HD 3D channels set to debut in June 2010. Demonstrations of the channels, which will deliver movies, sports and entertainment content from some of the world's most renowned 3D producers will be on display at Panasonic Touch the Future Tour events. DIRECTV's HD 3D channels, powered by Panasonic, will offer a 24/7 3D DIRECTV Cinema and pay per view event channel focused on movies, documentaries and other programming, a 24/7 3D DIRECTV On Demand channel and a free 3D entertainment channel featuring event programming such as sports, music and other content.
Test Drive 3D Gaming - Computer graphics innovator NVIDIA will debut NVIDIA 3DTV Play(TM), a software solution that allows consumers to connect their GeForce® GPU-powered desktop or notebook computer to new 3D TVs, for the ultimate in big screen 3D gaming action. For the launch of 3DTV Play, NVIDIA is teaming up with Panasonic on the Panasonic Touch the Future Tour, where visitors can test drive 3DTV Play-based PCs running on Panasonic's new VIERA® Full HD 3D TVs.
Connect with Skype-enabled HDTVs - Panasonic and Skype are taking VIERA HDTVs to a whole new level of connectivity in 2010 with Skype on Your TV. Visitors will see demos about how select Panasonic 2010 VIERA HDTVs will enable you to place free Skype-to-Skype voice and video calls, make calls to landline or mobile phones at Skype's low rates, receive inbound calls via a user's online Skype number, access Skype voicemail, participate in voice conference calls with up to 24 other parties.
Explore and Share with VIERA CAST IPTVs - Explore Panasonic's VIERA CAST(TM) enabled HDTVs which give owners access thousands of television and movie titles, share photos and videos with family and friends, make video calls, listen to their favorite musical artists, and stay up-to-date with the latest sports news and information. In 2010, VIERA CAST-enabled HDTVs will feature wireless connectivity and add new features such as Netflix®, Twitter(TM), Skype(TM), Pandora®, and Fox Sports to an existing list of features which includes Amazon Video On Demand(TM), Google's YouTube(TM), Picasa(TM) Web Albums, Bloomberg and weather services.
Capture Your Memories - Learn about the intuitive features on Panasonic's range of easy- to-use Camcorders and LUMIX Digital Cameras. See how simple it is to take great photos and videos and share the with family and friends right on your HDTV and online via VIERA CAST. Tour visitors will also be able to meet professional photographers from the LUMIX Digital Photo Academy to learn tips on how to take the perfect picture. Visit http://www.panasonic.com/future for specific dates and times to meet professional photographers in each city.
Join the Full HD 3D World - Panasonic's Touch the Future Tour Sweepstakes* will award one lucky visitor (18 years of age or older as of 3/15/10) in each of the 15 cities on the Tour a Full HD 3D Home Theater System featuring a Panasonic Full HD 3D VIERA Plasma HDTV, Panasonic 3D Blu-ray Disc Player and one pair of Panasonic Active Shutter Eyewear.
About Panasonic Consumer Electronics Company
Based in Secaucus, N.J., Panasonic Consumer Electronics Company (PCEC), a market and technology leader in High Definition television, is a Division of Panasonic Corporation of North America, the principal North American subsidiary of Panasonic Corporation (NYSE:PC) and the hub of Panasonic's U.S. marketing, sales, service and R&D operations. Panasonic is pledged to practice prudent, sustainable use of the earth's natural resources and protect our environment through the company's Eco Ideas programs. Information about Panasonic products is available at http://www.panasonic.com. Additional company information for journalists is available at http://www.panasonic.com/pressroom.
Tour Dates & Locations
3/17 New York Penn Pavilion 401 7th Ave at 33rd St
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3/17 Chicago Tribune 445 445 S. Michigan Avenue
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3/17 Los Angeles Hollywood and Highland 801 Hollywood Boulevard
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3/22 Boston Copley Place 2 Copley Place
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3/24 Detroit Detroit Opera House 1526 Broadway
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3/24 Scottsdale Fashion Square Mall 7014 East Camelback Road
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3/27 Philadelphia King of Prussia Mall North Gulph Road
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3/31 Minneapolis IDS Tower 80 8th Street South
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3/31 San Francisco One Market Plaza 1 Market Street
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3/31 - 4/2 Washington, DC Union Station 50 Massachusetts Ave, NE
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3000 Grapevine Mills
4/6 - 4/8 Dallas Grapevine Mills Mall Parkway
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4/6 - 4/8 Seattle Top of the Market 93 Pike Street, Suite 307
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4/7 - 4/9 Atlanta 595 North 595 North Ave, NW Atlanta
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4/14 Houston The Warehouse 4108 Dupont Street
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4/17 Miami Ice Palace 59 Northwest 14th Street
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Fitness Magazine Features Bridal Boot Camp for Spring and Summer Brides
Brides wanting to look their best for wedding photos can sign up for the fitness boot camp at FitnessMagazine.com
NEW YORK, March 12 -- Fitness Magazine and FitnessMagazine.com have developed a six-week fitness boot camp perfectly timed for spring and early summer brides. The bridal boot camp newsletter includes workout routines, nutrition tips, weight-loss plans and more. It's the perfect program for buff brides or those wanting to get buff by the big day.
"We had a lot of fun designing our bridal boot camp and posting info on the site for everything a bride needs to look great for her wedding photos," said Stephanie Jones Wagle, Site Director for FitnessMagazine.com. "If a woman has been on a regular exercise plan, here she will find specific workout routines designed for her while she's planning a wedding. If it's a bride that doesn't do a lot of exercising but wants to slim down in time for the big day, our six-week program will get her in shape without causing any injuries or sprains."
FitnessMagazine.com contains a library of free bridal boot camp workout videos, most of them about one minute in length. Brides will find a boot camp video for everything from specific toning exercises, such as the balance arm curl, to nutrition tips that will help a bride start and stay on a diet plan to get in shape for her wedding. There are also extra moves for specific dress types that provide targeted workouts for brides with strapless, backless, form-fitting, or short styles.
Because brides tend to be extremely busy, FitnessMagazine.com has created a 20-minute circuit workout for buff brides. Between dealing with caterers, booking the florist and attending dress fittings, now any bride will be able to fit in cardio, strength training, and interval training in just over two hours a week.
All brides want to be picture-perfect, so FitnessMagazine.com consulted with wedding photographers to come up with insider wedding photo secrets, from the most flattering poses to strike to what to look for in a photographer. No matter who is taking the wedding photos, a professional or a family member, it's a good idea to go into a lot of detail about your expectations and have a list of what photos are musts. Showing the photographer examples of wedding photos you particularly like is always a good idea, too.
Developed by the experts at Fitness Magazine (http://www.fitnessmagazine.com/), this is the premiere website for exercise, health, and nutrition information. From our Personal Fitness Trainer to our healthy recipes, from video workouts to our free exercise logs, FitnessMagazine.com is the guide you need to help you reach your fitness goals and celebrate your successes.
Like the magazine, FitnessMagazine.com is dedicated to delivering strategies and tools that help women make little changes to achieve big success. With a you-can-do-it attitude, our workouts, health and beauty advice, diet plans and success stories motivate readers to get strong in mind, body and spirit. The magazine empowers women to embrace fitness as a lifestyle -- not an age or dress size -- and to change the conversation from "skinny" to "healthy."
CONTACT: Kristen Diederich of Fitness Magazine, +1-212-499-2178,
Nikon to Showcase Photo and Video Content for Austin Festival
Digital Imaging Leader Enlists Bloggers to Capture and Share Content Through yfrog, the Most Widely Used Tool for Sharing Photos and Videos on Twitter
MELVILLE, N.Y., March 12 -- Digital imaging leader Nikon Inc. announced today that it will offer a unique social platform for the music, technology and film community to post content in a dedicated gallery on yfrog, the only photo and video sharing service available for Twitter. The Nikon gallery (http://www.yfrog.com/Nikon) will feature photos and videos from bloggers and attendees at the interactive, film and music festival taking place in Austin, March 12-21, 2010.
In addition to viewing content and posting comments, site visitors can use yfrog to upload images and videos to the Nikon gallery by using the hashtags "#SXSW," or "#SXSWpics," and share content through their own social networks and follow a real-time Twitter feed on the site. The Nikon gallery will enable thousands of members of the music, interactive and film community to offer updates, share photography and video content and participate in a dialogue about emerging trends with friends and peers.
Nikon has enlisted five bloggers from various communities, including music, pop culture, film and photography to serve as photography and video ambassadors at the festival in Austin. They include:
-- Sarah Austin, lifecaster and pop culture blogger, Pop17.com (Twitter:
-- Chris Brogan, author and founder of New Marketing Labs (Twitter:
-- Marko Slavnic, Nikon Festival winner and aspiring filmmaker (Twitter:
-- Brooklyn Vegan, music blog (Twitter: @brooklynvegan)
-- Jeff Pulver, author and tech expert, JeffPulver.com (Twitter:
Each blogger will be equipped with Nikon digital cameras to capture their experience for the Nikon gallery, showing their perspective on festival news and events through images and HD video. They will attend screenings, musical performances, interactive panels and local parties in Austin during the festival.
Photos and videos can be uploaded to yfrog via computers and smart phones, and the site supports the most common photo and video file formats, including jpeg, bmp, gif, mov, flv, mpeg and more.
"Nikon is always looking for new ways to meet the needs of our consumers, whether it's delivering excellent image quality or providing a platform to share photos and videos in a unique way," said Lisa Baxt, Senior Communications Manager for Nikon Inc. "We're excited to deploy Nikon cameras to bloggers for capturing their personal experiences at events throughout the next few weeks."
"The use of tools for photo-sharing through social and micro-blogging communities like Twitter will continue to rise, and we're excited to work with Nikon to enhance the user experience," said Jack Levin, Chief Executive Officer for ImageShack, the parent company of yfrog. "We recognize the need for simplifying the social content-sharing process and respect the full line of Nikon's award-winning products that offer both photo and HD video capabilities."
The Nikon Gallery on yfrog will remain active for uploading new content throughout March, and will remain live for viewing indefinitely.
Nikon, At the Heart of the Image(TM). Nikon Inc. is the world leader in digital imaging, precision optics and photo imaging technology and is globally recognized for setting new standards in product design and performance for its award-winning consumer and professional photographic equipment. Nikon Inc. distributes consumer and professional digital SLR cameras, NIKKOR optics, Speedlights and system accessories; Nikon COOLPIX® compact digital cameras; COOLSCAN® digital film scanners; 35mm film SLR cameras; Nikon software products and Nikon sports and recreational optics. For the second consecutive year, Nikon D Series digital SLR cameras are recognized as "Highest in Customer Satisfaction with digital SLR cameras, Two Years in a Row, Tied in 2008." according to the J.D. Power and Associates 2007 and 2008 Digital Camera Usage and Satisfaction Studies(SM). For more information, dial (800) NIKON-UX or visit http://www.nikonusa.com/, which links all levels of photographers to the Web's most comprehensive photo learning and sharing communities.
For J.D. Power and Associates award information go to jdpower.com
Yfrog requires no registration and is free to use. It is the first Twitter-enhancing service to combine the ability to stream video files from both the browser and mobile devices. Yfrog's use of the advanced H.264 codec makes it possible for users to enjoy high quality video on their personal computer or iPhone. Videos uploaded to yfrog can also be viewed on Apple iPhone or iPod. Yfrog users now can share any video file type to Twitter by visiting yfrog.com or any application that supports yfrog's APIs. Yfrog was launched in February 2009 by Imageshack on top of the same infrastructure that supports its hosting service.
With more than 62 million monthly unique visitors, ImageShack is the largest independent image hosting website. ImageShack is headquartered in Los Gatos, California and is backed by Sequoia Capital, Index Ventures, and Felicis Ventures. ImageShack launched in 2003 and was founded by Jack and Alexander Levin. For more information on yfrog or ImageShack visit http://www.imageshack.com.
Source: Nikon Inc.
CONTACT: Althea Haigh, +1-201-920-7379, firstname.lastname@example.org or Brittany Pass,
+1-212-704-9727, email@example.com, both of MWW Group
Digital Textbooks Are Ready for Prime Time, says NYU Bookstores
Student purchases of CafeScribe digital textbooks are on the rise
OAK BROOK, Ill., March 12 -- Digital textbooks are poised for rapid adoption if early successes at NYU Bookstores are any indication.
"We expect digital textbook use to grow as fast as the title inventories can," says Phil Christopher, director of NYU Bookstores. "The technology is in place, the books are highly interactive, and students own powerful portable devices. Moreover, traditional textbook costs are rising, and students are quite comfortable with searching, shopping and learning online. Our students are excited to have the option of purchasing CafeScribe® digital textbooks."
When students register for courses, NYU Bookstores emails them links to the required texts to signal the availability of the books on the CafeScribe eBook platform, making it simple for the student to opt for the digital versions. With CafeScribe, no additional eReader is required to access the eBook, and most titles can be downloaded to multiple computers.
NYU has integrated its point-of-sale and store management software with other back-end computer systems to provide this exceptional service to students. Best practices like this have made NYU one of the top independent sellers of CafeScribe digital textbooks. "It's all about providing students with as many choices as we can," said Christopher.
Like CafeScribe eTextbooks, electronic textbook sales as a whole are on the rise. They represent less than five percent of college-store textbook sales but could reach 10 to 15 percent by 2012, according to the National Association of College Stores (NACS).
In addition to lowering textbook costs and making reading more interactive, digital textbooks serve as a lifeline when traditional textbooks aren't available, such as when a faculty member assigns a text at the last minute or a student registers late.
CafeScribe digital textbooks from Follett Higher Education Group (FHEG) are available in more than 8,000 titles in every major discipline. Digital textbooks are just one new way that Follett is saving students money, FHEG also enables students to purchase and rent both new and used textbooks.
Once students download a digital book, CafeScribe technology enables them to read, search, highlight, bookmark and annotate the pages. In addition to the study tools built into the digital textbooks, CafeScribe provides a built-in academically based social networking platform. This allows professors and students to create study groups, share notes and discuss topics with peers in their classroom and around the world. Once a CafeScribe digital textbook has been purchased and downloaded by a student, they own that copy of the digital textbook, and there is no limit imposed on how long they may access the material.
CafeScribe has partnered with different inventory control, POS and retail management solutions, including Booklog and RATEX, to help schools streamline the process of bringing CafeScribe digital books to campus bookstores across the U.S.
About the CafeScribe eBook Platform
The CafeScribe eBook platform is a digital textbook and social networking platform for students and educators. The platform is the latest addition to Follett's broad portfolio of course material options for students, available online and at more than 850 college bookstores operated by Follett in the United States and Canada. For more information, visit http://www.cafescribe.com.
Follett Corporation is a $2.7 billion, privately held company that provides products, services and solutions to the educational marketplace.
Source: Follett Corporation
CONTACT: Isabella Hinds, Follett Higher Education Group,
+1-617-232-4320, firstname.lastname@example.org; or Darby Johnson, Beaupre & Co.
Public Relations, +1-603-559-5809, email@example.com
Milwaukee Residents to Benefit From Verizon Wireless Network Enhancement
New Cell Site Means Clearer Reception, Fewer Dropped Calls
MILWAUKEE, March 12 -- Verizon Wireless has activated a new cell site in Milwaukee that expands network coverage, enabling more customers in the area to use their wireless phones concurrently to make calls; send and receive email and text, picture and video messages; access the Internet; view high-quality videos; and download music, games and ringtones, while enjoying clearer reception and fewer dropped calls.
The new cell site, which is equipped with a permanent backup generator for times of emergency, expands Verizon Wireless' voice and data network in Milwaukee from Bluemound Road south to National Avenue, and from Hawley Road east to 35th Street, which includes improved coverage in and around Miller Park.
"This network expansion reflects our ongoing commitment to meet the growing needs of our customers and to provide them with the reliable, high-quality service they expect from Verizon Wireless," said T.J. Fox, president-Wisconsin/Illinois Region, Verizon Wireless.
"The value we offer our customers is closely tied to our industry-leading customer retention," Fox said. "Wireless consumers today understand that value is not defined by price alone. A major reason our customers choose Verizon Wireless and stay with us is because we offer the nation's most reliable network."
The new cell site in Milwaukee is part of Verizon Wireless' continual effort to expand coverage, increase capacity and enhance the quality of its wireless voice and data network in Wisconsin and throughout the country. Since the company was formed in 2000, Verizon Wireless has invested more than $55 billion--$5.5 billion on average every year--to increase the coverage and capacity of its premier nationwide network and to add new services. More than $354.5 million of this investment was spent on improvements to its network in Wisconsin, including more than $77 million in 2009 to make the following upgrades:
-- 23 new cell sites were activated statewide to improve network coverage
-- Performance-based equipment was installed at hundreds of cell sites
across Wisconsin, thereby increasing capacity of the company's
advanced 3G high-speed wireless network as well as improving its speed
-- Permanent backup generators were installed at 50 Wisconsin cell sites
to ensure network functionality during times of crisis.
About Verizon Wireless
Verizon Wireless operates the nation's most reliable and largest wireless voice and 3G data network, serving more than 91 million customers. Headquartered in Basking Ridge, N.J., with 83,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications (NYSE:VZ) and Vodafone (Nasdaq and LSE: VOD). For more information, visit http://www.verizonwireless.com. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at http://www.verizonwireless.com/multimedia.
Source: Verizon Wireless
CONTACT: Carolyn A. Schamberger, APR of Verizon Wireless,
+1-847-619-4282, firstname.lastname@example.org; or Dana Carpenter,
+1-414-291-0912, ext. 111, email@example.com, for Verizon Wireless
Honored as the Top Vendor in the Network Security Software Category; Study is Premier Resource to Evaluate Channel Vendors and Programs
CUPERTINO, Calif., March 12 -- Trend Micro was named a 2010 CRN Channel Champion in the category of Network Security Software and the Channel Champion in the Technical Satisfaction and Financial Factors subcategories at an awards ceremony in Los Angeles, CA on March 10, 2010 at the XChange Solution Provider conference. The CRN Channel Champions study measures overall Solution Provider perceptions of vendor products and services. The survey is the largest and broadest-based technology integrator market study in the industry. The result is a premier resource used by VARs and technology integrators throughout the industry to evaluate vendors and their programs.
"Winning this award is a direct result of team collaboration - Trend Micro and its solution provider partners," said Thomas Miller, executive vice president, sales and marketing, Trend Micro. "Trend Micro's channel team is fully committed to giving solution providers the right tools, products, and services to ensure their success in 2010. While we proudly accept this industry recognition award, we expect an even higher standard of excellence this year for taking our partner relationships to the next level."
"Each year we survey the Solution Provider community to learn their satisfaction with the technology vendors they work closely with to deliver solutions to their customers. This survey is an essential resource for the Channel community," said Kelley Damore, VP, editorial director, Everything Channel. "We congratulate these leading technology vendors on this recognition."
Channel Champions award winners and related study will be published in the April 26, 2010 issue and online at http://www.channelweb.com.
This is the third time in the last five years Trend Micro has been recognized as the top vendor in CRN's Channel Champion security software categories. In 2008, Trend Micro was honored as the top vendor in both Client Security Software (Firewall, Anti-Spam, Anti-Virus) and Network Security Software categories. In 2006, Trend Micro swept all three awards for 2006 CRN Channel Champion in the Client Security Software category - consisting of Overall Winner, Channel Criteria Winner and Technical Criteria Winner - and also received Overall Winner and Technical Criteria Champion honors for the network security software category.
The survey rated nearly 100 vendors in 21 key product and service categories. The categories included: Client Security Software; Data and Information Management; Enterprise Network Storage (SAN or NAS); Enterprise Networking Hardware (includes wireless); Flat Panel Displays 19"-30"; Middleware; Midrange Servers; Multifunction Printers; Network Security Appliances; Network Security Software; Notebooks/Mobile Computers; Power Protection and Management; Processors; SATA Hard Drives; Server/Application Virtualization; SMB Networking Hardware (includes wireless); SMB Network Storage; Storage Management Software/Data Protection Software; Unified Communications/Voice-over-IP Technology; Volume Servers; and Workgroup Color Printers.
The CRN Channel Champions survey was conducted between December 2009 and February 2010. Solution Providers were chosen at random from CRN's subscriber list and were prequalified to ensure that they worked in the category, were familiar with the products and had a significant relationship with the vendor(s) being rated. Many respondents were qualified to rate more than one vendor. CRN specified that VARs and technology integrators rate only those vendors with which they had either a strategic partner type of business relationship, when possible. Vendors rated in each category were chosen on the basis of market-share data provided by major research firms. In the case where market-share data was not available, vendors were chosen by CRN senior editorial staff recommendations. VARs and technology integrators were asked to rate the relative importance of the individual evaluation criteria. To derive the overall score for each vendor, the raw satisfaction scores were weighted according to the relative importance of the evaluation criteria.
About Trend Micro
Trend Micro Incorporated, a global leader in Internet content security, focuses on securing the exchange of digital information for businesses and consumers. A pioneer and industry vanguard, Trend Micro is advancing integrated threat management technology to protect operational continuity, personal information, and property from malware, spam, data leaks and the newest Web threats. Visit TrendWatch at http://www.trendmicro.com/go/trendwatch to learn more about the latest threats. Trend Micro's flexible solutions, available in multiple form factors, are supported 24/7 by threat intelligence experts around the globe. Many of these solutions are powered by the Trend Micro(TM) Smart Protection Network(TM) infrastructure, a next-generation cloud-client innovation that combines sophisticated cloud-based reputation technology, feedback loops, and the expertise of TrendLabs(SM) researchers to deliver real-time protection from emerging threats. A transnational company, with headquarters in Tokyo, Trend Micro's trusted security solutions are sold through its business partners worldwide. Please visit http://www.trendmicro.com.
Everything Channel, headquartered in Framingham, MA, is a technology marketing and sales solutions company. Through its "Complete Technology Channel Solution," Everything Channel offers the right business tools to accelerate technology sales. From branding and recruiting to marketing and sales, Everything Channel offers technology marketers the unmatched breadth and depth of global brands and market intelligence combined with unparalleled audience loyalty and credibility serving all technology sales channels through an extensive database. Everything Channel provides innovative field sales and marketing solutions to the sellers of technology to achieve measurable and significant results.
About United Business Media Limited
UBM (UBM.L) focuses on two principal activities: worldwide information distribution, targeting and monitoring; and, the development and monetisation of B2B communities and markets. UBM's businesses inform markets and serve professional commercial communities -- from doctors to game developers, from journalists to jewelry traders, from farmers to pharmacists -- with integrated events, online, print and business information products. Our 6,500 staff in more than 30 countries are organised into specialist teams that serve these communities, bringing buyers and sellers together, helping them to do business and their markets to work effectively and efficiently. For more information, go to http://www.ubm.com.
Source: Trend Micro
CONTACT: Andrea Mueller of Trend Micro, +1-408-863-6583,
Game On for Verizon Wireless Customers With Palm Pre Plus Smartphones
BASKING RIDGE, N.J., March 12 -- Verizon Wireless customers with the Palm® Pre(TM) Plus can experience the most popular console games on the nation's most reliable and largest wireless voice and 3G data network.
Pre Plus smartphones operating on the Palm webOS(TM) platform offer customers exciting gaming functionality, including 3D graphics. The games range from action and strategy to mobile versions of popular console games, all from the leading content providers in the mobile gaming industry.
Some of the games available to Verizon Wireless customers with Pre Plus smartphones include:
-- "Asphalt 5"
-- "Brain Challenge®"
-- "Glyder 2"
-- "Let's Golf"
-- "Assassin's Creed(TM) - Altair's Chronicles"
-- "Brothers In Arms®: Hour of Heroes"
-- "Gangstar: West Coast Hustle"
-- "Hero of Sparta"
-- "Dungeon Hunter"
-- "Need for Speed Undercover(TM)"
-- "The Oregon Trail"
-- "The Sims(TM) 3"
Palm Pre Plus is available exclusively from Verizon Wireless for $149.99 after a $100 mail-in rebate with a new two-year customer agreement. Customers can find these games, along with many more apps, in the Palm App Catalog located on Palm webOS smartphones. More information on great apps for Palm webOS is also available at http://www.palm.com/applications.
For more information about Verizon Wireless products and services, visit a Verizon Wireless Communications Store, call 1-800-2 JOIN IN or go to http://www.verizonwireless.com.
About Verizon Wireless
Verizon Wireless operates the nation's most reliable and largest wireless voice and 3G data network, serving more than 91 million customers. Headquartered in Basking Ridge, N.J., with 83,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications (NYSE:VZ) and Vodafone (NASDAQ and LSE: VOD). For more information, visit http://www.verizonwireless.com. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at http://www.verizonwireless.com/multimedia.
Palm, Pixi, Pre and webOS are trademarks of Palm, Inc.
AppNexus Officially Launches Ad Platform Fueling the Real-Time Bidding Revolution in Display Advertising
Offers single-point integration with ad exchanges and inventory aggregators Teams up with industry leader eBay to leverage benefits of Real-Time Bidding (RTB)
NEW YORK, March 12 -- AppNexus today announced the launch of its advanced ad platform specializing in real-time advertising (http://www.appnexus.com). Founded and managed by the pioneers of the Web's original and most successful ad exchanges at Yahoo!'s Right Media and Google's DoubleClick, AppNexus offers unparalleled, highly scalable technology, deep industry expertise and plays host to a vibrant community of leading companies within the online advertising ecosystem. Chosen by eBay, the Web's premier online marketer, as its display advertising technology partner, the AppNexus platform integrates eBay with all the major inventory sources to execute and optimize its real-time media buys.
Offering a complete infrastructure that empowers performance-driven companies such as direct marketers, ad networks and demand-side platforms to build, manage and optimize their entire display advertising business, the AppNexus platform also provides single-point integration to the largest sources of inventory including the major inventory aggregators and ad exchanges like Google's DoubleClick and Microsoft's AdECN.
eBay has been working with AppNexus in beta for more than a year to ramp up its display ad buying and buy across inventory sources. eBay credits AppNexus' powerful analytical and predictive optimization capabilities for its improved results with real-time bidding on the AppNexus platform.
"Working together with AppNexus, we have found that we can get 'search-quality' results from display advertising and that's a new world for us," said Matthew Ackley, Vice President, Internet Marketing and Advertising, eBay. "AppNexus allows us to take advantage of the new efficiencies, control, and real-time insight in display ad media buying from one central gateway."
As a true enterprise-caliber technology platform company capable of integrating deeply into its clients' business processes, AppNexus provides tools that empower customers to build self-sustaining businesses. Benefits of the AppNexus platform include:
-- The ability to efficiently execute both high-volume auction-based and
directly negotiated media campaigns across the Internet
-- Easy integration with third-party data providers
-- Sophisticated data management, analytics and optimization capabilities
-- Flexible implementation options including a full user interface or
-- World-class cloud hosting for partner applications for maximum speed
-- A financial clearing house to consolidate invoicing and payments.
"eBay fueled the real-time bidding revolution, serving the very first server-side, real-time impression ever," said Brian O'Kelley, CEO of AppNexus. "We're thrilled that, as a pioneer in the industry, eBay has chosen to work with us and is experiencing such extraordinary results. Online advertising has entered a new phase and the ability to make real-time, data-rich decisions, at high scale, is critical. It's also a vastly crowded space with many players offering marketers display ad management capabilities and/or media buying engines. Think of the AppNexus platform as a single point where all key stakeholders in our ecosystem -- marketers, ad networks, demand side platforms (DSPs), agency networks, exchanges, inventory aggregators, third party data providers, and more -- connect with one another through a powerful technology platform. That's a unique position in the market."
AppNexus is an advanced ad platform specializing in real-time advertising. Founded and managed by the pioneers of the Web's original and most successful ad exchanges at Yahoo!'s Right Media and Google's DoubleClick, AppNexus offers unparalleled, highly scalable technology, deep industry expertise and plays host to a vibrant community of leading companies within the online advertising ecosystem. Chosen by eBay, the Web's premier online marketer, as its display advertising partner, the AppNexus platform integrates eBay with all the major inventory sources to execute and optimize its real-time media buys. AppNexus offers clients a complete set of ad technology capabilities including data management, optimization, APIs, financial clearing and support for directly negotiated media campaigns. Overall, AppNexus empowers sophisticated companies including direct marketers, ad networks and demand-side platforms to build, manage and optimize their entire display advertising businesses and provides single-point integration to the largest sources of inventory including the major inventory aggregators and ad exchanges like Google's DoubleClick and Microsoft's AdECN.
Based in New York City, AppNexus is backed by an outstanding group of investors, including Marc Andreessen and Ben Horowitz from LoudCloud/OpsWare; First Round Capital; Venrock; Grape Arbor; Kodiak Venture Partners; Ron Conway; and Khosla Ventures. For more information, go to http://www.appnexus.com.
CONTACT: East Coast Media Contact: Jenny Mulholland, +1-732-245-0021,
firstname.lastname@example.org; or West Coast Media Contact: Andrea Roesch,
ShopAtHome.com Kicks Off Lucky Day Extra Cash Back Event
DENVER, March 12 -- ShopAtHome.com, a leading Free Coupon and Cash Back Web site, today announced it is hosting a Lucky Day Extra Cash Back Event March 12 - 19, 2010. The event includes extra Cash Back deals at more than 50 popular retailers.
Consumers can view the ShopAtHome.com Lucky Day Extra Cash Back Event at Lucky Day Coupons. Consumers must be registered members of ShopAtHome.com to accumulate Cash Back rewards. It is free to sign-up at ShopAtHome.com.
Lucky Day Extra Cash Back event highlights include:
-- Piperlime - 20% Cash Back
-- Barnes & Noble - 16% Cash Back
-- Nike.com - 15% Cash Back
-- The North Face - 15% Cash Back
-- Disney Store - 10% Cash Back
March 12 - 26, 2010, fans of ShopAtHome.com on Facebook have even more opportunities to score a lucky deal in ShopAtHome.com's "Share Your Luck Sweepstakes." One entrant will be randomly selected to win a $200 Walmart gift card for themselves and $100 Walmart gift cards each for five friends who also entered the sweepstakes. You can become a fan of ShopAtHome.com and enter the Share Your Luck Sweepstakes on Facebook at ShopAtHome.com Sweepstakes.
ShopAtHome.com offers more than 100,000 online coupons at more than 20,000 merchants. In 2009 alone, nearly 31 million people shopped through ShopAtHome.com, saving money through the use of coupons and earning millions of dollars in Cash Back rewards.
Founded by Marc and Claudia Braunstein in 1986, ShopAtHome.com is one of the Web's longest running and most trusted coupon and Cash Back sites. This year alone, more than 31 million consumers have used ShopAtHome.com's Cash Back and coupon services to book hotels and flights or purchase computers, gifts, business supplies, toys and more. ShopAtHome.com is a division of the Belcaro Group, Inc. located in Denver, Colo. and is a member of the Better Business Bureau. For more information, find us at http://www.ShopAtHome.com, become a fan on our Facebook coupons page, follow us to get Twitter coupons, and check out our Coupons Blog.
Ph. (303) 843-0302 ext. 164
CONTACT: Jaime Palmucci of ShopAtHome.com, +1-303-843-0302, ext. 164,
AT&T Springs Into Action With Live Mobile Coverage of NCAA(R) March Madness(R) and Hot New Device Promo
AT&T Mobile TV and AT&T Radio Will Keep College Basketball Fans Tuned In Select Quick Messaging Phones Discounted 50 Percent
DALLAS, March 12 -- AT&T's forecast for spring: warmer weather, slam dunk mobile content and a hot new device promo. AT&T* announced today it will carry live mobile coverage of all 64 games of the NCAA® Division I Men's Basketball Championship through its AT&T Mobile TV and AT&T Radio services. Additionally, AT&T has launched a 50-percent off promo for some of its coolest quick messaging phones.
Live Coverage of Men's NCAA® March Madness®
Fans can catch every pass, shot and score of the NCAA Division I Men's Basketball Championship via AT&T Mobile TV and AT&T Radio as the result of an agreement with CBS.
Subscribers of both AT&T Mobile TV and AT&T Radio will be able to enjoy complete live coverage of the tournament as well as game highlights, score recaps and analysis directly from their compatible AT&T mobile phones. Coverage includes:
-- March 16: Opening Round game via ESPN
-- March 18 through April 5: NCAA Division I Men's Basketball
Championship games, beginning with first-round games, via CBS Sports
Additionally, on March 14, AT&T Mobile TV will air the NCAA Selection Sunday show on CBS.
On AT&T Mobile TV, fans can catch the action by tuning in to three new AT&T exclusive channels that have been added and dedicated to the tournament, along with the CBS Mobile and ESPN channels. Fans can access the games by clicking the TV icon on their AT&T Mobile TV device. On AT&T Radio, fans can find all the tournament games under Talk, News, and Sports; then choose NCAA® March Madness®. AT&T Radio subscribers can then browse by region and choose the game they want to follow.
AT&T Mobile TV is available for $9.99 per month and features popular live and time-shifted programming provided by FLO TV. New subscribers receive the first seven days of their subscription for free. For more information, including market availability and compatible handsets, visit http://www.att.com/mobiletv.
AT&T Radio is available for $6.99 per month and compatible with 40 handsets. To download AT&T Radio, customers can text NCAA to 7299 (standard messaging rates apply) or visit the AT&T App Center at http://www.att.com/appcenter. An unlimited data plan is required.
50 Percent Off Quick Messaging Phones
Also to kick off spring, AT&T is offering customers 50 percent off some of its most popular quick messaging phones. Equipped with full QWERTY keyboards for faster, easier texting, the following devices are included in the promotion. A voice plan and qualifying data plan is required on a two year service agreement for each phone.
-- Motorola Karma ($14.99 after $50 mail-in rebate) - Curvy and compact
messaging device with 2.0 megapixel camera, high-resolution display
and slide-out keyboard makes texting, blogging, tweeting and talking a
-- LG Neon ($9.99 after $30 mail-in rebate) - Green and white touch
screen device with 2.0 megapixel camera and access to instant
messaging, mobile email, music services and more.
-- Pantech Reveal(TM) ($14.99 after $50 mail-in rebate) - Slim and snappy
slider that features an open-faced numeric keypad on the front of the
phone which slides vertically to uncover a full keyboard. Uniquely,
both sets of keys stay active simultaneously, giving users fast access
to numbers and letters at the same time.
-- Pantech Impact(TM) ($24.99 after $50 mail-in rebate) - New form factor
available in pink or blue featuring an OLED touch screen that lets
users send text messages, make calls, and control their music library
without having to open the phone. A sideways flip of the phone reveals
a full physical keyboard and a second display screen, allowing for a
fuller experience when typing longer messages.
-- Samsung Mythic(TM) ($129.99 after $50 mail-in rebate) - Enabled with
AT&T Mobile TV capability, which gives users access to live and
time-shifted TV programming from leading entertainment channels for
$9.99/month. The screen is a large 3.3 inch touch screen with
Samsung's TouchWiz(TM) user interface, which allows for quick access
to favorite features and has specially designed widgets for
-- Samsung Flight(TM) ($129.99 after $50 mail-in rebate) - Vertical
sliding form factor with a full keyboard underneath that comes in red
and silver color options. A textured design and subtle ridge on the
back make it easy to text or use the touch screen with one hand.
-- Samsung Magnet(TM) ($9.99 after $30 mail-in rebate) - Incredibly slim
orange and black bar-shaped device with appeal to teens who need a
low-cost, quick messaging phone. Support for full HTML Web browsing
through the att.net mobile Web browser is also available for the
Pantech Reveal and Impact, and the Samsung Mythic and Flight devices.
Additionally, the new Motorola BACKFLIP(TM) with MOTOBLUR(TM), available now from AT&T, is perfect for basketball fans who want to keep track of which friends are celebrating and which friends are commiserating the tournament results through social networking. The device syncs contacts, posts, messages, photos and much more -- from sources such as Facebook®, MySpace, and Twitter®.
For more information and detailed disclaimer information, please review this announcement in the AT&T newsroom at http://www.att.com/newsroom.
*AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc.
The NCAA, March Madness, and Men's Final Four are trademarks owned or licensed by the National Collegiate Athletic Association. All other licenses or trademarks are property of their respective holders.
AT&T Inc. (NYSE:T) is a premier communications holding company. Its subsidiaries and affiliates - AT&T operating companies - are the providers of AT&T services in the United States and around the world. With a powerful array of network resources that includes the nation's fastest 3G network, AT&T is a leading provider of wireless, Wi-Fi, high speed Internet and voice services. AT&T offers the best wireless coverage worldwide, offering the most wireless phones that work in the most countries. It also offers advanced TV services under the AT&T U-verse(SM) and AT&T |DIRECTV(SM) brands. The company's suite of IP-based business communications services is one of the most advanced in the world. In domestic markets, AT&T's Yellow Pages and YELLOWPAGES.COM organizations are known for their leadership in directory publishing and advertising sales. In 2009, AT&T again ranked No. 1 in the telecommunications industry on FORTUNE® magazine's list of the World's Most Admired Companies.
Nokia Updates Mobile Device Market Estimates for 2010 Based on its Revised Definition of the Industry Mobile Device Market Applied to its Reporting Beginning in 2010
Nokia Filed Form 20-F for 2009 With the US Securities and Exchange Commission
ESPOO, Finland, March 12, 2010-- Nokia (NYSE: NOK) filed its annual report on Form 20-F for 2009 with the
US Securities and Exchange Commission today, and revised its definition of
the industry mobile device market applicable to its reporting beginning in
2010. Nokia also updated its mobile device market estimates for 2010 based on
the revised definition.
Beginning in 2010, Nokia is revising its definition of the industry
mobile device market that it uses to estimate industry volumes. This is due
to improved measurement processes and tools that enable Nokia to have better
visibility to estimate the number of mobile devices sold by certain new
entrants in the global mobile device market. These include vendors of
legitimate, as well as unlicensed and counterfeit, products with
manufacturing facilities primarily centered around certain locations in Asia
and other emerging markets.
For comparative purposes only going forward, applying the revised
definition and improved measurement processes and tools that we are using
beginning in 2010 retrospectively to 2009, Nokia estimates that industry
mobile device volumes in 2009 would have been 1.26 billion units. Based on
the industry mobile device market definition used in 2009, Nokia estimated
that industry mobile device volumes were 1.14 billion units. Similarly, for
comparative purposes only going forward, applying the revised definition
retrospectively to 2009, Nokia estimates that its mobile device volume market
share would have been 34% in 2009 on an annual basis. Based on the industry
mobile device market definition used in 2009, Nokia's volume market share
estimate was 38%. The respective quarterly volume market shares would have
been 32% during the first quarter of 2009 (37% based on the 2009 definition),
35% during the second quarter of 2009 (38% based on the 2009 definition), 34%
during the third quarter of 2009 (38% based on the 2009 definition) and 35%
during the fourth quarter of 2009 (39% based on the 2009 definition). Nokia
is not able to apply the revised definition and improved measurement
processes and tools retrospectively to its estimated industry mobile device
volumes or Nokia's estimated volume market share in 2008 due to lack of
visibility and data. Thus, the industry mobile device volumes estimated for
2008 and Nokia's volume market share estimated for 2008 are not comparable
with the industry mobile device volumes estimates or Nokia's volume market
share estimates based on the revised definition.
Applying its revised definition of the industry mobile device market
applicable beginning in 2010 on a comparable year-over-year basis, - Nokia
expects industry mobile device volumes to be up approximately 10% in 2010,
compared to 2009; - Nokia targets its mobile device volume market share to be
flat in 2010, compared to 2009; and - Nokia targets to increase its mobile
device value market share slightly in 2010, compared to 2009.
These expectations and targets are the same as announced by Nokia on
January 28, 2010 while now applying the revised market definition.
The Nokia annual report on Form 20-F for 2009 is available in pdf format
at http://www.nokia.com/financials. Shareholders may request a hard copy of
the report free of charge through Nokia's Internet pages.
At Nokia, we are committed to connecting people. We combine advanced
technology with personalized services that enable people to stay close to
what matters to them. Every day, more than 1.2 billion people connect to one
another with a Nokia device - from mobile phones to advanced smartphones and
high-performance mobile computers. Today, Nokia is integrating its devices
with innovative services through Ovi (http://www.ovi.com), including music,
maps, apps, email and more. Nokia's NAVTEQ is a leader in comprehensive
digital mapping and navigation services, while Nokia Siemens Networks
provides equipment, services and solutions for communications networks
It should be noted that certain statements herein which are not
historical facts are forward-looking statements, including, without
limitation, those regarding: A) the timing of the deliveries of our products
and services and their combinations; B) our ability to develop, implement and
commercialize new technologies, products and services and their combinations;
C) expectations regarding market developments and structural changes; D)
expectations and targets regarding our industry volumes, market share,
prices, net sales and margins of products and services and their
combinations; E) expectations and targets regarding our operational
priorities and results of operations; F) the outcome of pending and
threatened litigation; G) expectations regarding the successful completion of
acquisitions or restructurings on a timely basis and our ability to achieve
the financial and operational targets set in connection with any such
acquisition or restructuring; and H) statements preceded by "believe,"
"expect," "anticipate," "foresee," "target," "estimate," "designed," "plans,"
"will" or similar expressions. These statements are based on management's
best assumptions and beliefs in light of the information currently available
to it. Because they involve risks and uncertainties, actual results may
differ materially from the results that we currently expect. Factors that
could cause these differences include, but are not limited to: 1) the
competitiveness and quality of our portfolio of products and services and
their combinations; 2) our ability to timely and successfully develop or
otherwise acquire the appropriate technologies and commercialize them as new
advanced products and services and their combinations, including our ability
to attract application developers and content providers to develop
applications and provide content for use in our devices; 3) our ability to
effectively, timely and profitably adapt our business and operations to the
requirements of the converged mobile device market and the services market;
4) the intensity of competition in the various markets where we do business
and our ability to maintain or improve our market position or respond
successfully to changes in the competitive environment; 5) the occurrence of
any actual or even alleged defects or other quality, safety or security
issues in our products and services and their combinations; 6) the
development of the mobile and fixed communications industry and general
economic conditions globally and regionally; 7) our ability to successfully
manage costs; 8) exchange rate fluctuations, including, in particular,
fluctuations between the euro, which is our reporting currency, and the US
dollar, the Japanese yen and the Chinese yuan, as well as certain other
currencies; 9) the success, financial condition and performance of our
suppliers, collaboration partners and customers; 10) our ability to source
sufficient amounts of fully functional components, sub-assemblies, software,
applications and content without interruption and at acceptable prices and
quality; 11) our success in collaboration arrangements with third parties
relating to the development of new technologies, products and services,
including applications and content; 12) our ability to manage efficiently our
manufacturing and logistics, as well as to ensure the quality, safety,
security and timely delivery of our products and services and their
combinations; 13) our ability to manage our inventory and timely adapt our
supply to meet changing demands for our products; 14) our ability to protect
the complex technologies, which we or others develop or that we license, from
claims that we have infringed third parties' intellectual property rights, as
well as our unrestricted use on commercially acceptable terms of certain
technologies in our products and services and their combinations; 15) our
ability to protect numerous Nokia, NAVTEQ and Nokia Siemens Networks
patented, standardized or proprietary technologies from third-party
infringement or actions to invalidate the intellectual property rights of
these technologies; 16) the impact of changes in government policies, trade
policies, laws or regulations and economic or political turmoil in countries
where our assets are located and we do business; 17) any disruption to
information technology systems and networks that our operations rely on; 18)
our ability to retain, motivate, develop and recruit appropriately skilled
employees; 19) unfavorable outcome of litigations; 20) allegations of
possible health risks from electromagnetic fields generated by base stations
and mobile devices and lawsuits related to them, regardless of merit; 21) our
ability to achieve targeted costs reductions and increase profitability in
Nokia Siemens Networks and to effectively and timely execute related
restructuring measures; 22) developments under large, multi-year contracts or
in relation to major customers in the networks infrastructure and related
services business; 23) the management of our customer financing exposure,
particularly in the networks infrastructure and related services business;
24) whether ongoing or any additional governmental investigations into
alleged violations of law by some former employees of Siemens AG ("Siemens")
may involve and affect the carrier-related assets and employees transferred
by Siemens to Nokia Siemens Networks; 25) any impairment of Nokia Siemens
Networks customer relationships resulting from ongoing or any additional
governmental investigations involving the Siemens carrier-related operations
transferred to Nokia Siemens Networks; as well as the risk factors specified
on pages 11-32 of Nokia's annual report Form 20-F for the year ended December
31, 2009 under Item 3D. "Risk Factors." Other unknown or unpredictable
factors or underlying assumptions subsequently proving to be incorrect could
cause actual results to differ materially from those in the forward-looking
statements. Nokia does not undertake any obligation to publicly update or
revise forward-looking statements, whether as a result of new information,
future events or otherwise, except to the extent legally required.
GOTEBORG, Sweden, March 12 -- First Planet Company, developer and publisher of the largest real money Massively Multiplayer Online Game, announced today that David "Deathifier" Storey will be speaking at South By Southwest (SXSW) in Austin, Texas.
David, a veteran player of Planet Calypso, will be speaking at 12:30 on Monday, March 15th on the Entrepreneurs Building Virtual Businesses inside Online Virtual Worlds panel. This panel will allow several virtual entrepreneurs to discuss their business in different virtual worlds with strong economic systems. David will be discussing his business dealings on Planet Calypso. They will cover and compare how they got started, growth over time and the various challenges faced from traditional competition and from the unpredictable evolution of the worlds themselves.
David Storey is best known as the man who recently bought Planet Calypso's legendary Virtual Egg for a stunning $69,696.00 USD. He is also the owner of "Treasure Island" in the game and has been featured in the Guinness Book of World Records for his astounding Virtual Transactions. David purchased "Treasure Island" with hunting and mineral rights in 2004 for $26,500 USD and earned his investment back within the year.
First Planet Company is the developer and publisher of Planet Calypso, the largest real economy Massively Multiplayer Online Game in the world. Players have the ability to participate in a unique virtual world where they have no monthly costs. Its innovative real money economy uses a virtual currency which has a fixed exchange rate with the US dollar. This allows players to deposit and withdraw real funds for their adventures on Calypso or in the real world. It is also the first MMORPG to use CryTek's stunning CryENGINE 2 for amazing graphics and physics. Planet Calypso is the oldest planet in the Entropia Universe and is free to download.
First Planet Company AB is a subsidiary of the MindArk Group. First Planet Company AB develops and markets Planet Calypso, a Massively Multiplayer Online Role Playing Game (MMORPG) based on the Entropia Platform, and is part of the Entropia Universe. Set in a distant future, the Planet Calypso is home to an expanding human colony struggling with the natural and economic elements involved in establishing their new civilization.
For more information on First Planet Company (FPC) and Planet Calypso please contact us at the numbers above or go to our website at http://www.planetcalypso.com/
Source: First Planet Company
CONTACT: Frank Campbell, +46 31 607 362, email@example.com, or David
Tractenberg, +1-310-453-2050, firstname.lastname@example.org, both for First Planet
Salesforce.com Chief Financial Officer to Present at Roth Capital Growth Stock Conference
Event to be Webcast Live on salesforce.com's Investor Relations Website
SAN FRANCISCO, March 12 -- Salesforce.com (NYSE: CRM), the enterprise cloud computing company, today announced that Graham Smith, Chief Financial Officer at salesforce.com, will present at the Roth Capital Growth Conference on Monday, March 15, 2010 at 1:00 pm (PT) / 4:00 pm (ET) in Dana Point, CA.
Salesforce.com is the enterprise cloud computing company. The company's portfolio of Salesforce CRM applications, available at http://www.salesforce.com/products/, has revolutionized the ways that companies collaborate and communicate with their customers across sales, marketing and service. The company's Force.com platform (http://www.salesforce.com/platform/) helps customers, partners and developers to quickly build powerful business applications to run every part of the enterprise in the cloud. Based on salesforce.com's real-time, multitenant architecture, Salesforce CRM and Force.com offer the fastest path to customer success with cloud computing.
As of January 31, 2010, salesforce.com manages customer information for approximately 72,500 customers including Allianz Commercial, Dell, Japan Post, Kaiser Permanente, KONE, and SunTrust Banks. Any unreleased services or features referenced in this or other press releases or public statements are not currently available and may not be delivered on time or at all. Customers who purchase salesforce.com applications should make their purchase decisions based upon features that are currently available. Salesforce.com has headquarters in San Francisco, with offices in Europe and Asia, and trades on the New York Stock Exchange under the ticker symbol "CRM". For more information please visit http://www.salesforce.com/, or call 1-800-NO-SOFTWARE.
Copyright (c) 2010 salesforce.com, inc. All rights reserved. Salesforce and the "no software" logo are registered trademarks of salesforce.com, inc., and salesforce.com owns other registered and unregistered trademarks. Other names used herein may be trademarks of their respective owners.
Yayi International Inc. Opens Dedicated Online Store on Taobao.com of Alibaba Group
TIANJIN, China, March 12 -- Yayi International Inc., (BULLETIN BOARD: YYIN) ("Yayi International" or "the Company"), the first mover and a leading producer and distributor of premium goat milk formula products for infants, toddlers, young children, and adults in the People's Republic of China ("China"), today announced the launch of a flagship Internet store that distributes its goat milk products on Taobao.com, the largest online shopping marketplace in China and Asia.
In addition to providing an additional distribution channel, the online store is designed to build up the Company's image as a health-conscious dairy company, enhance its brand recognition and educate consumers regarding the benefits of goat milk. Yayi International plans to leverage the online store on Taobao.com to seek and attract both consumers as well as distributors, while creating a first-hand database to target new product launches and refine its marketing strategy.
Taobao.com is the largest online shopping destination in China with 145 million registered members as of June 2009, according to its own statistics. In the milk powder category alone, Taobao.com's sales topped RMB400 million ($58.6 million) in the second quarter of 2009, with international household brands including Abbott, Mead-Johnson and Wyeth among the top 10 brands in terms of sales volume. An online sale of milk powder is a fast-growing category, with the goat milk powder segment still remaining largely untapped.
"In our experience, fast moving consumer goods will benefit from an integration of the e-commerce platform into existing distribution methods," said Ms. Li Liu, Chief Executive Officer of Yayi International. "The online store will be one of the most efficient distribution platforms for our products. We believe utilizing the Internet as a vehicle for marketing and distribution will greatly increase sales of our goat milk powder products throughout China."
Over 120 million Chinese consumers shop online, according to officials at China Express Delivery Association, with almost 50 percent in the age group ranging from 26 through 35 years old. According to iResearch, China's online trading market reached RMB103.5 billion ($15.2 billion) in the first half of 2009, a year-on-year increase of 94.8%. Total online trading on Taobao.com reached RMB80.9 billion ($11.8 billion) for the first six months of 2009, compared to almost RMB100 billion ($14.6 billion) throughout 2008.
As part of the Alibaba Group (HKSE: 1688.HK), Taobao.com is the largest online shopping marketplace for consumers in China and Asia. With 145 million registered members as of June 2009, Taobao.com reaches an overwhelming majority of online shoppers in China. In 2007, Taobao.com's transaction volume, or gross merchandise volume (GMV), was RMB43.3 billion, up 156% year-on-year. In 2008, Taobao.com's transaction volume was close to RMB100 billion. For more information about Taobao.com, please visit the website at http://www.taobao.com/about/intro.php
About Yayi International
Yayi International is the first mover and a leading producer and distributor of premium goat milk formula products for infants, toddlers, young children and adults in China. Its current formula product lines are targeted at the premium market segment and health-conscious consumers. The Company's distribution network comprises of approximately 3,600 retail points including infant-maternity store chains, supermarkets, and drug stores as well as catalogue sales across China.
This press release contains certain statements that may include 'forward-looking statements'. All statements other than statements of historical fact included herein are 'forward-looking statements'. These forward looking statements are often identified by the use of forward-looking terminology such as 'believes,' 'expects' or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website ( http://www.sec.gov/ ). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
Mr. Crocker Coulson, President
Tel: +1-646-213-1915 (NY office)
Source: Yayi International Inc.
CONTACT: Company Contact: Ms. Veronica Chen, Chief Financial Officer,
email@example.com, or +86-22-2798-4358; or Investor Relations Contact:
Ms. Linda Salo, Sr. Financial Writer, firstname.lastname@example.org, or +1-646-922-0894
(NY office); or Mr. Crocker Coulson, President, email@example.com, or
+1-646-213-1915 (NY office)
Hughes Shares Industry Expertise at Satellite 2010
Company executives will participate in a wide range of technology and business panels throughout the conference
GERMANTOWN, Md., March 12 -- Hughes Network Systems, LLC (HUGHES), the world's leading provider of broadband satellite networks and services, announced today that its executives will share their expertise on twelve panels throughout the Satellite 2010 Conference, March 16-18, being held at the Gaylord National Convention Center, National Harbor, Maryland.
Hughes executives will provide industry insight on the following panels:
Monday, March 15:
10:00 - 10:30 am: Bernie Nelson, director, Vertical Market Development, will participate on the panel, "M2M, B2B & B2C: the State of the Art in Hybrid Service Innovation."
4:15 - 5:30 pm: Lin-Nan Lee, vice president, Engineering, will participate on the panel, "Higher Order Modulation Schemes: Trade-offs That Must Be Considered."
Tuesday, March 16:
1:30 - 2:45 pm: Sampath Ramaswami, senior director, Strategic Development, will participate on the panel, "The Markets You Can't Miss: Where Satellite Service Providers Will Place Their Bets in the Next Five Years."
3:00 - 4:15 pm: Dan Losada, senior director, Defense & Intelligence Systems Division, will participate on the panel, "Eyes in the Skies: UAVs, ISR, and Satellites."
Wednesday, March 17:
10:15 - 11:30 am: Arunas Slekys, vice president, Corporate Marketing & GM, Russia and CIS, will participate on the panel, "Eastern Europe & CIS: The Phoenix Rises."
10:15 - 11:30 am: Matthew Mohebbi, vice president of the MobileSat Group, will moderate the panel, "Creating a Mass Market for MSS: The Role of MSS Equipment Providers" and John Corrigan, senior vice president, engineering, will participate on the panel.
1:45 - 3:00 pm: Doug Medina, senior director of enterprise marketing, will participate on the panel, "SCADA/M2M - What Shades of Green?"
3:15 - 4:30 pm: Bob Kepley, senior vice president of engineering, will participate on the panel, "Advanced Satellite Coding and Modulation: A CAPEX-for-OPEX Balancing Act."
3:15 - 4:30 pm: Ramesh Ramaswamy, assistant vice president, International Division, will participate on the panel, "Middle East and Africa: From Famine to Feast?"
4:45 - 5:45 pm: Mike Cook, senior vice president, North American Division, will participate on the panel, "Beyond Satellite Broadband: The Next Generation of High Throughput Satellites (HTS)."
Thursday, March 18:
9:00 - 10:30 am: Paul Gaske, executive vice president & general manager, North American Division, will participate on the panel, "Satellite Broadband: Finally a Credible Competitor in the Marketplace."
In addition to sharing their industry expertise during the conference, Hughes will also showcase its latest technology and service innovations at Booth #1203, including a live demonstration of the satellite home of the future. Hughes will also conduct live demonstrations of its mobile technology at outdoor exhibit, #OE6.
From digital signage, to SATCOM-on-the-move, to SCADA applications and high throughput satellites, Hughes is leading the way in connecting enterprises, governments, and consumers to the future. Several Hughes executives will be available at the booth for interviews. To schedule a briefing please contact Donna Armstrong at 202-775-2650 or firstname.lastname@example.org.
About Hughes Network Systems
Hughes Network Systems, LLC (HUGHES) is the global leader in providing broadband satellite networks and services for large enterprises, governments, small businesses, and consumers. HughesNet encompasses all broadband solutions and managed services from Hughes, bridging the best of satellite and terrestrial technologies. Its broadband satellite products are based on global standards approved by the TIA, ETSI and ITU standards organizations, including IPoS/DVB-S2, RSM-A and GMR-1. To date, Hughes has shipped more than 2.2 million systems to customers in over 100 countries.
Headquartered outside Washington, D.C., in Germantown, Maryland, USA, Hughes maintains sales and support offices worldwide. Hughes is a wholly owned subsidiary of Hughes Communications, Inc. (NASDAQ:HUGH). For additional information, please visit http://www.hughes.com.
Hughes and HughesNet are registered trademarks of Hughes Network Systems, LLC.
Source: Hughes Network Systems, LLC
CONTACT: Judy Blake of Hughes Network Systems, +1-301-601-7330,
Judy.email@example.com; or Donna Armstrong of Brodeur for Hughes Network
Systems, +1-202-775-2650, firstname.lastname@example.org
-- Programs from CNN/US, CNN International and HLN Available Via Mobile TV Service --
SAN DIEGO, March 12 -- FLO TV Incorporated, the company that innovated the mobile broadcast TV category, a wholly owned subsidiary of Qualcomm Incorporated (NASDAQ:QCOM), today announced it has expanded its partnership with Turner Broadcasting to bring consumers CNN Mobile, a channel that includes programming from CNN/US, CNN International and HLN, as well as CNN.com content. The channel will be available on the FLO TV(TM) Personal Television and FLO TV Auto Entertainment platforms, in addition to its current availability as part of AT&T Mobile TV.
"Live, breaking news is consistently a top performer on the FLO TV service, as people strive to stay connected to the world around them," said Jonathan Barzilay, senior vice president of programming and advertising at FLO TV. "Adding CNN Mobile to additional devices with our service is a natural fit and keeps our subscribers connected to news and analysis anytime, anywhere."
Live coverage of top U.S., world, political, health and entertainment news will be available to FLO TV subscribers through a dedicated 24/7 CNN Mobile channel, which showcases popular programming from CNN/US, CNN International and HLN - including Anderson Cooper 360, Larry King Live , Amanpour, Backstory and Morning Express with Robin Meade.
The FLO TV service is currently available on multiple platforms, including the recently launched FLO TV Personal Television, the first-ever portable digital television with a dedicated network. In collaboration with Audiovox, FLO TV also offers FLO TV Auto Entertainment, an in-vehicle entertainment system that delivers high-quality mobile TV. Additionally, iPhone(TM) and iPod touch(TM) users will soon be able to view FLO TV's live mobile TV service at the flip of a switch with the mophie(TM) juicepack TV.
Service not available everywhere. Programming subject to change / blackout restrictions. Service subscription required. "Live mobile television" means the FLO TV service transmits channels in real time; no downloading, sideloading or buffering.
About FLO TV
The FLO TV service combines the best content, an intuitive user interface and a superior multicast network to deliver a true quality TV viewing experience for consumers. FLO TV offers full-length simulcast and time-shifted programming from the world's best entertainment brands, including ABC, ABC Entertainment, ABC Family, ABC News, ABC Sports, Adult Swim Mobile, CBS, CBS College Sports, CBS News, CNBC, CNN Mobile, COMEDY CENTRAL, Disney Channel, Disney Channel Original Movies, ESPN, ESPNEWS, ESPN 2, FOX, FOX News Channel, FOX Sports, FUEL TV, msnbc, MTV, NBC 2Go, NBC News, NBC Sports, nickelodeon, Playhouse Disney and SOAPNet. Based in San Diego, Calif., FLO TV Incorporated is a wholly owned subsidiary of Qualcomm Incorporated. Further information is available at http://www.flotv.com
Qualcomm is a registered trademark of Qualcomm Incorporated. FLO and FLO TV are trademarks of Qualcomm Incorporated. All other trademarks are the property of their respective owners.
FLO TV Contact:
CONTACT: Mona Klausing of FLO TV Incorporated, +1-858-651-4268,
email@example.com, or Emily Kilpatrick, Corporate Communications,
+1-858-845-5959, firstname.lastname@example.org, or Warren Kneeshaw, Investor
Relations, +1-858-658-4813, email@example.com, both of Qualcomm Incorporated
Harlequin Books Now Available on Nintendo DS in Japan
Harlequin is the First Non-Japanese Publisher with Titles on Nintendo DS
TORONTO and TOKYO, March 12 -- Harlequin Enterprises Limited (http://www.eHarlequin.com), a global leader in series romance and one of the world's leading publishers of women's fiction, announced today that select Harlequin books are now available on the Nintendo DS(TM) in Japan.
DS Harlequin Selection: Love Stories for Grown-Ups (literal translation of the Japanese title) consists of 33 titles by acclaimed Harlequin authors and New York Times bestselling novelists. Twenty-five of the titles have been previously published, five are new titles that will debut with the launch of DS Harlequin Selection and three titles were formerly available only as online reads.
DS Harlequin Selection: Love Stories for Grown-Ups enhances the reading experience by offering a number of interactive features accessed through easy touch screen operation -- a "concierge" that allows you to navigate stories by mood or type of heroine, character correlation charts and lists that are updated along with plot developments, narrative annotations including maps for locations, digital bookmarks, story recaps that bring readers up to where they last left off, a choice of background music, Author introductions and images, polls on hero ranking, review rankings by other users via Wi-Fi connection and more.
"We are thrilled to be the first publisher outside of Japan to have its stories available on the Nintendo DS," said Donna Hayes, Publisher and CEO of Harlequin Enterprises Limited. "DS Harlequin Selection introduces Harlequin to a new generation of readers who demand accessibility, portability and supplemental features that enhance their reading experience."
DS Harlequin Selection: Love Stories for Grown-Ups is available in Japan wherever Nintendo products are sold.
Harlequin is currently a leader in selling digital versions of its text-based books in the U.S. and Japan. The company -- which releases more than 110 titles per month -- was the first major publisher to make its complete frontlist catalog available in the eBook format. Harlequin has pursued a goal of meeting the needs of its current audience and reaching a new and diverse base of readers. It is Harlequin's ambition to offer stories to readers in all formats, for consumption at all times.
About Harlequin Enterprises
Harlequin Enterprises Limited is the global leader in series romance and one of the world's leading publishers of books for women, with titles issued worldwide in 28 languages and sold in 114 international markets. The company produces over 110 titles monthly and publishes more than 1,100 authors from around the world. Harlequin Enterprises Limited is a wholly owned subsidiary of Torstar Corporation, a broadly based media company listed on the Toronto Stock Exchange (TS.B). Harlequin's Web site is located at http://www.eHarlequin.com. Harlequin has offices in 19 countries, including offices in Toronto, New York and London. For more information please visit http://www.eHarlequin.com or press.eHarlequin.com.
Don't Miss the '7th Annual What's Next Boomer Business Summit' March 19, 2010 in Chicago Featuring the Leading Marketing Strategists for the 50+ Consumer
CHICAGO, March 12 -- Featuring the country's leading strategists for marketing to the 50+ consumer, the 7th Annual What's Next Boomer Business Summit is set for March 19, 2010 at the Hyatt Regency in Chicago. Produced by Mary Furlong & Associates and featuring such outstanding speakers as Kevin Donnellan, Executive Vice President and Chief Communications Officer of AARP, Mark Graham, Senior Vice President, iVillage.com and Dr. Stan Humphries, Chief Economist, Zillow.com, the event will focus on the most effective strategies for selling products and services to the post-recession baby boomer market .
-- 77 million baby boomers represent 28% of the U.S. population
-- Boomers were born between 1946 and 1964
-- Hold 77% of all financial assets
-- Every 7 seconds someone is turning 50
-- By 2010, 108 million people will be over 45
-- Households headed by someone 40 or older hold 91% of America's net
-- Boomers constitute 35% to 38% of Internet users
The event will spotlight new research, products and services that truly represent what is next in the boomer market. The 2010 event will emphasize integrated, social and mobile marketing and new distribution channels. It also will provide a profile of business segments that have moved into the rapidly growing sector of care giving, an $800 billion market.
Navigate Boomer Media, http://www.navigateboomermedia.com the largest boomer digital ad network with 115 sites is sponsoring the "What's Next Boomer Business Summit". "This is where agency and marketing heavyweights will gather to learn more about getting their share of the $2 trillion boomers spend annually on travel, healthcare, autos and financial services. It is also an excellent venue for networking and building alliances," said Nancy Shonka Padberg, CEO Navigate Boomer Media. More information http://www.boomersummit.com. Navigate Boomer Media is offering registrants to the Summit a 20% discount by entering code MPR6.
About Navigate Boomer Media
Navigate Boomer Media, LLC http://www.navigateboomermedia.com, based in Santa Monica, California, is the largest U.S. Baby Boomer online boomer digital ad network for original rich content publishers of websites, blogs and social networking communities. Navigate Boomer Media also provides online research services to advertisers and marketers from its broad pool of active baby boomers.
Media Contact: Nancy Padberg
Source: Navigate Boomer Media, LLC
CONTACT: Nancy Padberg of Navigate Boomer Media, LLC, +1-310-437-3813,
EXFO Announces Acquisition of Global Wireless Test Specialist NetHawk Oyj
QUEBEC CITY, March 12, 2010--
- NetHawk has Built a Strong Portfolio of 2G, 3G and 4G/LTE Wireless
Protocol Analyzers and Simulators Over Almost 20 Years to Assume No. 2
Position in Both Product Lines
- Acquisition Moves EXFO Among Top Five Suppliers in Telecom Test and
Service Assurance and Transforms Company Into a Global Force in the Wireless
- Deal Expected to be Neutral for Remainder of FY 2010 and Accretive in
EXFO Inc. (NASDAQ: EXFO, TSX: EXF) announced today the acquisition of
NetHawk Oyj ("NetHawk"), the second-largest provider of 2G, 3G and 4G/LTE
protocol analyzers and simulators for wireless network equipment
manufacturers (NEMs) and network operators, in an all-cash transaction
estimated at (euro)37.3 million for all outstanding shares on a fully diluted
basis, or (euro)27.6 million excluding NetHawk's net cash.
EXFO entered into a purchase agreement to acquire 91% of NetHawk's
outstanding shares and will purchase the remaining shares pursuant to a
statutory procedure under the Finnish Companies Act. An additional earn-out,
based on sales over the next three years, could raise the total value of the
transaction by (euro)8.7 million.
NetHawk, headquartered in Oulu, Finland, brings to EXFO almost 20 years
of wireless expertise and customer relationships. Key products consist of
protocol analyzers for protocol development, network deployment, optimization
and performance measurement as well as network simulators for load
generation, regression and functional testing. Solutions cover a wide range
of wireless technologies, namely 2G, 3G and 4G/LTE. It is estimated that
NetHawk holds the No. 2 position for both protocol analysis and network
simulation in terms of global market share, including a market-leading
position in testing high-growth 4G/LTE networks.
NetHawk has also developed a 2G, 3G and 4G/LTE service assurance
solution, based on iPro's 1G and 10G wireline stream capture and M5's deep
protocol and KPI analysis, to focus on testing the core and radio access
networks of a wireless telecommunications infrastructure. This offering is
highly complementary to EXFO's BrixCall, BrixNGN and BrixVision suite of
highly scalable service assurance solutions for active and passive monitoring
of the application layer on next-generation IP networks.
Frost and Sullivan, a global growth consulting company, forecasts the
Protocol Analyzer and Network Monitoring Market for wireless networks will
grow from US$595.2 million in 2008 to US$814.2 million in 2013. The LTE Test
Equipment Market is expected to increase at a compound annual growth rate of
56.0% during this period. NetHawk's total addressable market is currently
estimated at US$610 million.
"This acquisition represents a defining milestone in EXFO's near 25-year
history, since it not only transforms us into a global force in wireless
testing, but it also moves us among the top five suppliers in the telecom
test and service assurance industry with more than 1,600 employees in 25
countries supporting in excess of 2,000 customers," said Germain Lamonde,
EXFO's Chairman, President and CEO. "NetHawk's excellent positioning for the
high-growth 3G and 4G/LTE test markets and strong customer relationships
forged over almost 20 years underlie the rationale behind this deal. Joining
forces makes the new EXFO far more relevant to global network operators and
NEMs, as we can now offer one of the most advanced and complete product
portfolios for both fixed and mobile networks. In a nutshell, I'm confident
the whole is far greater than the sum of the parts and we intend to press
forward on our long-term strategy to deliver growth in revenues and earnings.
I'm pleased to welcome the entire NetHawk staff to the EXFO family."
"We're genuinely pleased to become a part of EXFO, a world-class
organization which like NetHawk has a proven history of innovation and
all-around execution," said NetHawk CEO Hannu Huttunen. "EXFO's global brand
reputation and market presence, combined with our deep wireless knowledge and
customer relationships, are sure to jointly carry us to new heights as the
industry undergoes accelerated 3G deployment and LTE adoption to cope with
explosive bandwidth demand largely created by smart phones."
NetHawk posted revenue of (euro)28.5 million and EBITDA of (euro)4.2
million for the fiscal year ended December 31, 2009. (EBITDA is defined as
net earnings before interest, taxes, depreciation and amortization). EXFO
plans to retain NetHawk's management, R&D, sales and marketing teams of
approximately 370 employees mainly located in Finland, India and the United
States. Revenue from NetHawk will be recognized as part of EXFO's protocol
business, under its Telecom Division.
The acquisition is expected to be neutral for the remainder of fiscal
2010 and accretive in fiscal 2011, excluding after-tax amortization of
intangible assets and stock-based compensation costs.
EXFO will host a conference call today at 8:30 a.m. (Eastern time) to
discuss the details of the NetHawk acquisition. To listen to the conference
call and participate in the question period via telephone, North American and
International callers can dial 1-416-981-9037. An audio replay of the
conference call will be available one hour after the end of the event until
10:30 a.m. (Eastern time) on March 19, 2010. The replay number is
1-402-977-9141 and the reservation number is 21463032. The live audio Webcast
and replay of the conference call will also be available at http://www.EXFO.com/investors.
EXFO has created a special microsite related to the NetHawk acquisition.
It contains a video from Mr. Lamonde to various stakeholders, as well as
other pages outlining the rationale, benefits and financials of the deal. Go
to http://www.EXFO.com/NetHawk to gain access to all the details.
Founded in 1991, NetHawk is one of the leading worldwide providers of
analyzers, simulators and monitoring systems. NetHawk products and systems
are used in the development and operation of telecommunications networks by
leading communications equipment manufacturers and operators worldwide.
NetHawk employs about 370 specialists who focus on the development,
production, sales and marketing of testing tools for converging networks.
Headquartered in Oulu, Finland, NetHawk has local offices in Sweden, Germany,
France, India, Singapore, China, and the United States. In addition, a wide
network of distributors ensures local service all over the world.
EXFO is a leading provider of next-generation test and service assurance
solutions for wireless and wireline network operators and equipment
manufacturers in the global telecommunications industry. The Telecom
Division, which accounts for more than 90% of the company's revenues, offers
core-to-edge solutions that assess the performance and reliability of
converged, IP fixed and mobile networks. Key technologies supported include
3G, 4G/LTE, IMS, Ethernet, OTN, xDSL, and various optical technologies
accounting for an estimated 33% of the portable fiber-optic test market. The
Life Sciences and Industrial Division provides solutions in medical device
and opto-electronics assembly, fluorescence microscopy and other life science
sectors. EXFO has a staff of approximately 1,600 people in 25 countries,
supporting more than 2,000 customers worldwide. For more information, visit http://www.EXFO.com.
This press release contains forward-looking statements within the meaning
of the U.S. Private Securities Litigation Reform Act of 1995, and we intend
that such forward-looking statements be subject to the safe harbors created
thereby. Forward-looking statements are statements other than historical
information or statements of current condition. Words such as may, will,
expect, believe, anticipate, intend, could, estimate, continue, or the
negative or comparable terminology are intended to identify forward-looking
statements. In addition, any statements that refer to expectations,
projections or other characterizations of future events and circumstances are
considered forward-looking statements. They are not guarantees of future
performance and involve risks and uncertainties. Actual results may differ
materially from those in forward-looking statements due to various factors
including the effect of the worldwide recession and the length of the
recovery on the telecom market for our customers and suppliers; fluctuating
exchange rates and our ability to execute in these uncertain conditions;
consolidation in the global telecommunications test, measurement and service
assurance industry; capital spending levels in the telecommunications, life
sciences and high-precision assembly sectors; concentration of sales; the
effects of the additional actions we have taken in response to such economic
uncertainty (including our ability to quickly adapt cost structures with
anticipated levels of business, ability to manage inventory levels with
market demand); market acceptance of our new products and other upcoming
products; limited visibility with regards to customer orders and the timing
of such orders; our ability to successfully integrate our acquired and
to-be-acquired businesses; our ability to successfully expand international
operations; the retention of key technical and management personnel; and
future economic, competitive, financial and market condition. Assumptions
relating to the foregoing involve judgments and risks, all of which are
difficult or impossible to predict and many of which are beyond our control.
Other risk factors that may affect our future performance and operations are
detailed in our Annual Report, on Form 20-F, and our other filings with the
U.S. Securities and Exchange Commission and the Canadian securities
commissions. We believe that the expectations reflected in the
forward-looking statements are reasonable based on information currently
available to us, but we cannot assure you that the expectations will prove to
have been correct. Accordingly, you should not place undue reliance on these
forward-looking statements. These statements speak only as of the date of
this document. Unless required by law or applicable regulations, we undertake
no obligation to revise or update any of them to reflect events or
circumstances that occur after the date of this document.
For further information: Vance Oliver, Manager of Investor Relations,
EXFO, +1-418-683-0913, Ext. 3733, firstname.lastname@example.org; Maryse Brodeur,
Media Planner, EXFO, +1-418-683-0913, Ext. 3429, email@example.com
Source: EXFO Inc.
For further information: Vance Oliver, Manager of Investor Relations, EXFO, +1-418-683-0913, Ext. 3733, firstname.lastname@example.org; Maryse Brodeur, Media Planner, EXFO, +1-418-683-0913, Ext. 3429, email@example.com
Acorn International Reports Fourth Quarter and Full Year 2009 Financial Results
SHANGHAI, March 12 -- Acorn International, Inc. (NYSE:ATV) ("Acorn" or the "Company"), a leading integrated multi-platform marketing company in China engaged in developing, promoting and selling consumer products and services through an extensive distribution network, today announced its unaudited financial results for the quarter and full year ended December 31, 2009.
Highlights for the Fourth Quarter 2009:
-- Net revenues were $59.7 million, an increase of 2.6% compared to
$58.2 million in the fourth quarter of 2008.
-- Gross profit was $28.9 million, an increase of 20.7% compared to
$23.9 million in the fourth quarter of 2008.
-- Gross margin was 48.3%, compared to 41.1% in the same period of 2008.
-- Operating loss was $14.7 million, compared to an operating loss of
$12.3 million in the fourth quarter of 2008. Excluding share-based
compensation expenses and impairment of intangible assets (non-GAAP),
income from operations for the fourth quarter of 2009 was $0.6 million
compared to an operating loss of $12.6 million for the same period last
-- Impairment losses of $15.2 million was recognized for the intangibles
assets from the acquisition of Yiyang Yukang, which was primarily
caused by (i) overall under-performance in the mobile handsets business
and (ii) a change in business strategy to launching proprietary "Uking"
brand and changes incurred in the acquired distribution network.
-- Net loss from continuing operations was $10.0 million compared to a net
loss of $10.4 million for the fourth quarter of 2008. After eliminating
the effects of share-based compensation expenses, a non-cash charge for
the impairment of intangible assets and a reversal of deferred tax
liability of $3.3 million due to the Yiyang Yukang intangible assets
impairment charge (non-GAAP), net income from continuing operations was
$2.0 million in the fourth quarter of 2009 compared to a non-GAAP net
loss of $10.7 million in the same period last year.
-- Net loss attributable to Acorn was $10.1 million compared to a
$9.4 million net loss for the fourth quarter of 2008.
-- Share-based compensation expenses were $7,873 for the fourth quarter of
2009, compared to a net negative $0.3 million for the same period last
-- Diluted loss per American Depositary Shares ("ADS") from continuing
operations was $0.34. Excluding share-based compensation and non-cash
impairment expenses and related deferred tax benefits (non-GAAP),
diluted income per ADS from continuing operations was $0.06.
Highlights for Full Year 2009:
-- Net revenues were $287.6 million, an increase of 22.8% compared to
$234.1 million for full year 2008.
-- Gross profit was $137.0 million, an increase of 20.7% compared to
$113.5 million for full year 2008.
-- Gross margin was 47.6%, compared to 48.5% in for full year 2008.
-- Operating loss was $7.5 million (including an impairment of
$15.2 million for intangible assets recognized from the acquisition of
Yiyang Yukang), compared to an operating loss of $29.6 million for full
year 2008 (including an impairment of goodwill and intangible assets of
$8.7 million). After eliminating share-based compensation expenses and
impairment losses on goodwill and intangible assets (non-GAAP),
operating income for 2009 was $9.6 million, compared to an operating
loss of $17.6 million for 2008.
-- Net loss from continuing operations was $2.7 million compared to a
$30.2 million net loss for full year 2008. After eliminating the
effects of share-based compensation expenses, a non-cash charge for the
impairment of goodwill and intangible assets and a reversal of deferred
tax liability due to the Yiyang Yukang intangible assets impairment
charge (non-GAAP), net income from continuing operations was
$11.1 million in 2009 compared to an $18.3 million net loss in 2008.
-- Net income attributable to Acorn was $12.4 million compared to a
$25.6 million net loss for full year 2008.
-- Share-based compensation expenses were $1.8 million for full year 2009,
compared to $3.3 million for full year 2008.
-- Diluted loss per ADS from continuing operations was $0.08. Excluding
share-based compensation, non-cash impairment expenses and related
deferred tax benefits (non-GAAP), diluted income per ADS from
continuing operations was $0.38.
"2009 marked a significant turnaround for our business as we grew top line sales by 22.8% to reach $287.6 million and achieved $11.1 million in non-GAAP net income from continuing operations. The healthy turnaround was largely attributed to the successful implementation of our renewed focus to grow our proprietary branded products and expand the proportion of our non-TV direct sales business such as outbound calls, e-commerce, catalog and third party bank channel sales. While our mobile phone sales tracked slower than expected, we reported strong performance across our other major product lines. Ozing and Meijin both reported double digit growth in 2009 while sales of cosmetics products as a featured product category grew quarter over quarter and contributed favorably towards our profit. Finally, we made a positive breakthrough in autocare products as we began cooperation with two internationally acclaimed products in China in the fourth quarter 2009," said Mr. James Hu, Chairman and CEO of Acorn. "Our financial achievements in 2009 testify as to our resilience in an intensely competitive industry and our prospects for continued growth in 2010."
Business Highlights for the Fourth Quarter of 2009:
-- Cosmetics sales accounted for a larger percentage of our total sales
for the fourth quarter 2009 compared with same period last year.
Cosmetics sales reached $14.5 million, accounting for 24.2% of our
total sales, compared to $4.7 million, or 7.6% of total sales in the
same period in 2008. The growth was mainly due to the strong
performance of the Company's Softto branded hair treatment shampoo
product, launched in the third quarter 2009.
-- Autocare products were also a major revenue contributor in the fourth
quarter 2009. Sales from autocare products reached $5.6 million, or
9.4% of total sales, compared to $1.1 million, or 1.8% of total sales
in the same period in 2008. The growth primarily driven by the launch
of Austin and Quixx branded products, both of which are used for paint
protection and scratch removal. We introduced our Austin product,
licensed from the United Kingdom, in November 2009 and our Quixx
product, developed in and licensed from Germany, in December 2009.
-- Non-TV direct sales accounted for 46% of total direct sales for the
fourth quarter of 2009 compared with 29% for the same period last year.
The Company's third-party bank channel sales as part of non-TV direct
sales revenues continued to expand from the third quarter of 2009. With
a total of 26 bank partners as of December 31, 2009 (compared to 12 as
of December 31, 2008), revenue generated from third-party bank channel
sales was $10.6 million in the fourth quarter of 2009, an increase of
71.0% from $6.2 million in the same period last year. The Company will
continue to expand its non-TV direct sales revenues, including its
third party bank channel sales, e-commerce, outbound calls and catalog
Financial Results Highlights for the Fourth Quarter of 2009:
For the fourth quarter of 2009, total net revenues grew 2.6% to $59.7 million from $58.2 million for the fourth quarter of 2008.
Direct sales contributed 71.4% to total net revenue, or $42.6 million, and decreased 8.3% from $46.5 million for the fourth quarter of 2008. Gains from increased cosmetic sales and recently introduced autocare products were offset by decreased mobile phone and posture correction product sales.
Distribution sales net revenue increased 45.6% year-over-year to $17.1 million from $11.7 million in the fourth quarter of 2008, primarily reflecting strong sales of the Company's Ozing electronic learning products and consolidation of Yiyang Yukang's mobile handset sales into the Company's financial results.
The table below summarizes the gross revenues from the three best selling product categories for the direct sales platform, distribution network and total direct and distribution sales, respectively:
Three Months Ended December 31, 2009
(in US dollars)
Mobile handsets 7,395,785
Autocare product (Energy) 5,292,673
Electronic learning product (Ozing) 7,837,456
Electronic dictionary (Meijin) 2,824,120
Mobile handsets (Yiyang Yukang) 2,485,533
Total direct and distribution sales
Mobile handsets 9,881,318
Electronic learning product (Ozing) 9,264,986
Cost of sales for the fourth quarter 2009 was $30.8 million, a 10.0% decrease from $34.3 million for the fourth quarter of 2008, primarily due to the change of the composition of the products sold in the fourth quarter of 2009.
Gross profit for the fourth quarter of 2009 was $28.9 million, up 20.7% compared to $23.9 million for the fourth quarter of 2008. Gross margin was 48.3% in the fourth quarter of 2009, up from 41.1% in the same period in 2008.
Gross profit from direct sales for the fourth quarter 2009 increased 18.1% to $23.9 million from $20.3 million for the fourth quarter of 2008. Gross margin for direct sales for the fourth quarter of 2009 was 56.2%, up from 43.6% in the same period last year. The increase in gross margin was largely due to greater contribution from sales of higher margin cosmetics and autocare products in the fourth quarter 2009.
Gross profit from distribution sales for the fourth quarter of 2009 was $4.9 million, an increase of 35.3% from $3.6 million for the fourth quarter of 2008. Gross margin for distribution sales for the fourth quarter of 2009 was 28.9%, down from 31.0% for the same period last year. The decrease in gross margin was due to the addition of lower margin mobile handset sales from the consolidation of Yiyang Yukang into the Company's financial statements.
Advertising expenses were $14.0 million for the fourth quarter of 2009, compared to $19.0 million for the fourth quarter of 2008 due to continued reduction in the fixed portion of advertising spending in 2009. Gross profit over advertising expenses, a benchmark Acorn uses to measure return on multiple sales platforms, was 2.07 in the fourth quarter of 2009, up from 1.26 in the fourth quarter of 2008.
Other selling and marketing expenses decreased 0.2% to $10.5 million from $10.6 million for the fourth quarter of 2008.
General and administrative expenses were $5.8 million for the fourth quarter of 2009, a 28.5% decrease from $8.1 million in the fourth quarter of 2008. The decrease was largely due to the decline in bad debts in the fourth quarter of 2009.
During the fourth quarter 2009, impairment loss of $15.2 million was recognized for the intangible assets from the acquisition of Yiyang Yukang. No such impairment charges occurred in the fourth quarter 2008. In addition, as result of the Yiyang Yukang intangible assets impairment charge, the Company reversed a $3.3 million deferred tax liability in the fourth quarter 2009.
Other operating income, net, was $2.0 million for the fourth quarter of 2009, up from $1.4 million in the fourth quarter of 2008.
As a result, operating loss for the fourth quarter of 2009 was $14.7 million, compared to an operating loss of $12.3 million for the corresponding period last year.
Share-based compensation expenses for the fourth quarter 2009 were $7,873, compared to a net negative $0.3 million share-based compensation expenses as a result of the adjustments for the forfeited share options and share appreciation rights for the fourth quarter of 2008.
After eliminating share-based compensation expenses and impairment of intangible assets (non-GAAP), income from operations for the fourth quarter of 2009 was $0.6 million compared to an operating loss of $12.6 million for the same period last year.
Net loss from continuing operations was $10.0 million compared to a $10.4 million net loss for the fourth quarter of 2008.
Non-GAAP net income from continuing operations, after eliminating the effects of share-based compensation expenses, a non-cash charge for the impairment of intangible assets and a reversal of deferred tax liability due to impairment of intangible assets for Yiyang Yukang, was $2.0 million in the fourth quarter of 2009 compared to a $10.7 million net loss for the same period last year.
Diluted loss per ADS from continuing operations was $0.34, compared to a diluted loss per ADS from continuing operations of $0.35 in the same period last year. Non-GAAP diluted income per ADS from continuing operations was $0.06, compared to a diluted loss per ADS from continuing operations of $0.36 in the same period last year.
As of December 31, 2009, Acorn's cash and cash equivalents totaled $143.0 million, a decrease of $7.4 million from September 30, 2009.
In December 2009, the Company's board of directors approved and declared a one-time special cash dividend of $0.33 per ordinary share on its outstanding shares to shareholders of record as of the close of trading on December 31, 2009 directly from the share premium account of the Company. Holders of ADS, each representing three ordinary shares of Acorn, are accordingly entitled to the one-time special cash dividend of $0.99 per ADS. Citibank, depositary for Acorn's ADR program, paid out dividends to ADS holders on January 20, 2010.
In November 2009, Acorn reached an exclusive distribution agreement with Guthy-Renker to market Sheer Cover(R) cosmetics in China. Under the distribution agreement, Acorn is Guthy-Renker's exclusive agent to market and distribute Sheer Cover branded cosmetics products in China. Acorn is authorized to distribute the Sheer Cover branded cosmetics products through all its available distribution channels including both TV and non-TV direct sales. The distribution agreement initially lasts one year and, subject to first-year sales performance, may be extended.
Fiscal Year 2009 Financial Results:
Total net revenues for 2009 were $287.6 million, up 22.8% from $234.1 million in 2008.
Direct sales net revenues in 2009 were $160.4 million, down 3.9% from $166.9 million in 2008. The decrease reflects a decline in TV direct sales following a reduction in advertising expenditures across products partially offset by growth in non-TV direct sales.
Distribution net revenues in 2009 reached $127.2 million, up 89.4% from $67.2 million in 2008, primarily because of the strong sales performance of the Company's Ozing electronic learning products and consolidation of Yiyang Yukang's mobile handset sales into the Company's financial results.
The table below summarizes the gross revenues from the three best selling product categories for the direct sales platform, distribution network and total direct and distribution sales, respectively:
Year Ended December 31, 2009
(in US dollars)
Mobile handsets 33,178,583
Electronic learning product (Ozing) 21,861,689
Electronic learning product (Ozing) 65,102,545
Mobile handsets (Yiyang Yukang) 28,097,927
Electronic dictionary (Meijin) 18,223,486
Total direct and distribution sales
Electronic learning product (Ozing) 86,964,234
Mobile handsets 61,276,510
Cost of sales for 2009 was $150.6 million, an increase of 24.9% from $120.6 million for 2008. The increase in cost of sales was primarily driven by increased costs for distribution sales, reflecting a larger percentage of mobile phone sales which generally have higher products costs.
Gross profit for 2009 was $137.0 million, an increase of 20.7% compared to $113.5 million for 2008. Gross margin was 47.6% for 2009, down from 48.5% for 2008.
Gross profit from direct sales for 2009 increased 11.0% to $92.8 million from $83.6 million for 2008. Gross margin for direct sales for 2009 was 57.9%, an increase from 50.1% for 2008. The increase in gross margin was largely due to increased sales of higher margin cosmetics products in 2009.
Gross profit from distribution sales for 2009 was $44.1 million, up 47.8% from $29.9 million for 2008. Gross margin for distribution sales for 2009 was 34.7%, down from 44.4% for 2008. The decrease in gross margin primarily reflects (i) margin compression of Ozing and Meijin products due to increased discounts to Acorn's distributors in 2009 and increased flash memory costs beginning in the third quarter of 2009 (flash is a key Ozing component) and (ii) lower margin mobile handset sales from the consolidation of Yiyang Yukang into the Company's financial statements.
Advertising expenses were $61.0 million for 2009 compared to $73.4 million for 2008. The lower advertising expenses reflect the Company's strategy in 2009 to grow proprietary branded products and improve media efficiency by reducing the fixed portion of advertising spending. Gross profit over advertising expenses was 2.24 for 2009, up from 1.55 in 2008.
Other selling and marketing expenses increased 12.1% to $43.0 million for 2009 from $38.3 million for 2008. The increase was mainly due to increased amortization of acquired intangibles assets following the Yiyang Yukang acquisition.
General and administrative expenses were $31.2 million for 2009, a 12.4% increase from $27.7 million for 2008, primarily reflecting an increase in employee payroll and R&D expenses in 2009.
Goodwill and intangible assets impairment loss totaled $15.2 million for 2009 compared to $8.7 million in 2008. In 2009, the Company also reversed $3.3 million deferred tax liability due to the impairment charge of goodwill and intangible assets.
Other operating income, net, was $6.0 million for 2009, up 19.2% from $5.0 million for 2008.
Operating loss for 2009 was $7.5 million (including the $15.2 million Yiyang Yukang intangible assets impairment charge), compared to an operating loss of $29.6 million for 2008 (including $8.7 million impairment losses on goodwill and intangible assets).
Share-based compensation expenses for 2009 were $1.8 million, compared to $3.3 million for 2008.
After eliminating share-based compensation expenses and impairment losses on goodwill and intangible assets (non-GAAP), income from operations for 2009 was $9.6 million, compared to an operating loss of $17.6 million for 2008.
Net loss from continuing operations was $2.7 million compared to a $30.2 million net loss for 2008.
Non-GAAP net income from continuing operations, after eliminating the effects of share-based compensation expenses, a non-cash charge for the impairment of goodwill and intangible assets and a reversal of deferred tax liability due to impairment of intangible assets for Yiyang Yukang, was $11.1 million for 2009 compared to a $18.3 million net loss for 2008.
Diluted loss per ADS from continuing operations was $0.08, compared to a diluted loss per ADS from continuing operations of $1.03 in 2008. Non-GAAP diluted income per ADS from continuing operations was $0.38, compared to a diluted loss per ADS from continuing operations of $0.62 in 2008.
Full Year 2010 Business Outlook:
"Our financial achievements in 2009 demonstrated we took the right direction in growing our business. Despite the shortfall in our mobile phone business, which we expect to slowly improve in 2010, we are pleased with our financial performance in 2009. Taking advantage of continued recovery from the economic crisis and strong retails sales in China, we expect to continue to focus on growing our proprietary branded products such as Ozing and Meijin, developing our continuity business led by cosmetics, expanding non-TV direct sales to lessen reliance on advertising expenditures and, lastly, improving sales in the autocare product segment," said Mr. James Hu, Chairman and CEO of Acorn International. "While there will be challenges ahead, we are well positioned to deliver consistent growth in 2010 and to remain a market leader in the marketing and distribution of branded products in China."
For fiscal year 2010, the Company expects to reach revenue between $290 million and $310 million and net income from continuing operations (excluding share-based compensation expenses) to be between $12 million and $14 million.
These estimates are subject to change. Also, Acorn reminds investors that its operating results in each period are impacted significantly by the mix of products and services sold in the period and the platforms through which they are sold. Consequently, in evaluating the overall performance of Acorn's multiple sales platforms in any period, management also considers metrics such as operating margin and gross profit return on advertising expenses.
Conference Call Information
The Company will host a conference call at 8:00 a.m. ET on March 12, 2010 (9:00 p.m. Beijing Time) to review the Company's financial results and answer questions. You may access the live interactive call via:
A live and archived webcast of the call will be available on the Company's website at http://www.ir-site.com/acorn/index.asp . To listen to the live webcast, please go to the Company's website at least fifteen minutes prior to the start of the call to register, download and install any necessary audio software.
About Acorn International, Inc.
Acorn is a leading integrated multi-platform marketing company in China, operating one of China's largest TV direct sales businesses in terms of revenues and TV air time and a nationwide off-TV distribution network. Acorn's TV direct sales platform consists of airtime purchased from both national and local channels. In addition to marketing and selling through its TV direct sales programs and its off-TV nationwide distribution network, Acorn also offers consumer products and services through catalogs, third-party bank channels, outbound telemarketing center and an e-commerce website. Leveraging its integrated multiple sales and marketing platforms, Acorn has built a proven track record of developing and selling proprietary-branded consumer products, as well as products and services from established third parties. For more information, please visit http://www.chinadrtv.com/ .
Use of Non-GAAP Financial Measures
Acorn has reported the fourth quarter and full year 2009 and 2008 income from operations, operating margin, net income from continuing operations and income per ADS from continuing operations on a non-GAAP basis, excluding share-based compensation expenses and non-cash charges for the impairment of goodwill and intangible assets and a related reversal of a deferred tax liability. Acorn believes that both management and investors benefit from referring to these non-GAAP financial measures in assessing Acorn's financial performance and liquidity and when planning and forecasting future periods. These non-GAAP operating measures are useful for understanding and assessing Acorn's underlying business performance and operating trends and Acorn expects to report income from operations, operating margin, net income from continuing operations and income per ADS from continuing operations on a non-GAAP basis using a consistent method on a quarterly basis going forward.
Readers are cautioned not to view non-GAAP results on a stand-alone basis or as a substitute for results under GAAP, or as being comparable to results reported or forecasted by other companies, and should refer to the following reconciliation of GAAP results with non-GAAP results for the three and twelve months ended December 31, 2009 and 2008, respectively.
The table below sets forth the reconciliation of non-GAAP measures to GAAP measures for the indicated periods:
ACORN INTERNATIONAL, INC.
RECONCILIATION OF NON-GAAP TO GAAP
(in US dollars)
Three Months Ended Years Ended
December 31, December 31,
2008 2009 2008 2009
GAAP net revenues 58,193,549 59,700,692 234,137,421 287,585,620
GAAP loss from
operations (12,306,501) (14,653,833) (29,563,602) (7,486,057)
margin (21.1)% (24.5)% (12.6)% (2.6)%
intangible assets -- 15,247,873 8,667,961 15,247,873
liability due to
intangible assets -- 3,268,472 -- 3,268,472
expenses (273,173) 7,873 3,289,232 1,845,885
operations (12,579,674) 601,913 (17,606,409) 9,607,701
margin (21.6)% 1.0% (7.5)% 3.3%
GAAP net loss
Acorn (9,995,894) (10,098,351) (29,810,919) (2,435,224)
GAAP loss per ADS
basic (0.35) (0.34) (1.03) (0.08)
GAAP loss per ADS
diluted (0.35) (0.34) (1.03) (0.08)
Acorn (10,269,067) 1,888,923 (17,853,726) 11,390,062
(loss) per ADS
basic (0.36) 0.06 (0.62) 0.39
(loss) per ADS
diluted (0.36) 0.06 (0.62) 0.38
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
This press release contains "forward-looking statements," including, among other things, Acorn's anticipated operating results for 2010; benefits of continuing focus on Acorn's proprietary branded products, ability of Acorn's profits to continue to recover from previous quarters; continued success of Acorn's Ozing electronic learning products and Meijin electronic dictionary; expectations regarding development and increasing cosmetics revenues and developing a continuity business, the anticipated benefits of the Gunthy-Renker distribution and Softto distribution arrangements, increasing non-TV direct sales revenues; and expectation regarding improved sales in the newly launched autocare products. These forward-looking statements are not historical facts but instead represent only our belief regarding future events, many of which, by their nature, are inherently uncertain and outside of our control. Our actual results and financial condition and other circumstances may differ, possibly materially, from the anticipated results and financial condition indicated in these forward-looking statements. In particular, our operating results for any period are impacted significantly by the mix of products and services sold by us in the period and the platforms through which they are sold, causing our operating results to fluctuate and making them difficult to predict.
Other factors that could cause forward-looking statements to differ materially from actual future events or results include risks and uncertainties related to: our ability to effectively consolidate our distribution channels, our ability to successfully introduce new products and services, including to offset declines in sales of existing products and services; our ability to stay abreast of consumer market trends and maintain our reputation and consumer confidence; continued access to and effective usage of TV advertising time and pricing related risks; relevant government policies and regulations relating to TV media time and TV direct sales programs, including the new SARFT regulations and actions that may make TV media time unavailable to us or require we suspend or terminate a particular TV direct sales program; rising costs in key components of our products, such as flash memory, potential unauthorized use of our intellectual property; potential disruption of our manufacturing process; increasing competition in China's consumer market; our U.S. tax status as a passive foreign investment company; and general economic and business conditions in China. The financial information contained in this release should be read in conjunction with the consolidated financial statements and notes thereto included in our 2008 annual report on Form 20-F filed with Securities and Exchange Commission on April 24, 2009. For a discussion of other important factors that could adversely affect our business, financial condition, results of operations and prospects, see "Risk Factors" beginning on page 6 of our Form 20-F for the fiscal year ended December 31, 2008. Our actual results of operations for the fourth quarter and full year 2009 are not necessarily indicative of our operating results for any future periods. Any projections in this release are based on limited information currently available to us, which is subject to change. Although such projections and the factors influencing them will likely change, we will not necessarily update the information. Such information speaks only as of the date of this release.
For further information, please contact:
Acorn International, Inc.
Ms. Chen Fu, IR Director
Phone: +86-21-51518888 Ext. 2228
CCG Investor Relations
Mr. Crocker Coulson, President
Phone: +1-646-213-1915 (New York)
Web: http:/// http://www.ccgirasia.com
ACORN INTERNATIONAL, INC.
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS
(In US dollars, except share data)
Three Months Ended Years Ended
December 31, December 31,
2008 2009 2008 2009
net 46,452,107 42,608,865 166,947,475 160,357,948
sales, net 11,741,442 17,091,827 67,189,946 127,227,672
net 58,193,549 59,700,692 234,137,421 287,585,620
Cost of revenues:
Direct sales 26,181,263 18,678,392 83,300,736 67,530,966
sales 8,096,196 12,160,099 37,326,214 83,096,932
Total cost of
revenues 34,277,459 30,838,491 120,626,950 150,627,898
Gross profit 23,916,090 28,862,201 113,510,471 136,957,722
expenses (18,950,708) (13,959,426) (73,381,193) (61,048,515)
expenses (10,565,714) (10,546,160) (38,317,161) (42,955,923)
expenses (8,126,052) (5,812,510) (27,746,833) (31,195,949)
intangible -- (15,247,873) (8,667,961) (15,247,873)
income, net 1,419,883 2,049,935 5,039,075 6,004,481
(expenses) (36,222,591) (43,516,034)(143,074,073)(144,443,779)
operations (12,306,501) (14,653,833) (29,563,602) (7,486,057)
(expenses), net 617,075 1,038,070 (667,297) 2,216,006
income taxes (11,689,426) (13,615,763) (30,230,899) (5,270,051)
benefits 1,297,271 3,626,202 (4,968) 2,539,265
Net loss from
operations (10,392,155) (9,989,561) (30,235,867) (2,730,786)
Net income from
operations 1,151,980 -- 8,273,629 15,362,689
(loss) (9,240,175) (9,989,561) (21,962,238) 12,631,903
interests (168,209) (108,790) (3,629,131) (184,019)
Net income (loss)
Inc. (9,408,384) (10,098,351) (25,591,369) 12,447,884
operations (0.35) (0.34) (1.03) (0.08)
operations 0.02 -- 0.15 0.50
Basic (0.33) (0.34) (0.88) 0.42
operations (0.35) (0.34) (1.03) (0.08)
operations 0.02 -- 0.15 0.50
Diluted (0.33) (0.34) (0.88) 0.42
number of shares
used in calculating
income (loss) per
- Basic 86,211,991 88,855,795 86,856,467 88,174,675
- Diluted 86,211,991 88,855,795 86,856,467 89,466,957
ACORN INTERNATIONAL, INC.
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(In US dollars)
December 31, 2008 December 31, 2009
Cash and cash equivalents 147,648,774 142,952,944
Restricted cash 1,425,102 2,394,213
Short-term investments 19,745,444 18,572,790
Accounts receivable, net 27,708,460 17,030,857
Notes receivable 150,607 2,242,641
Inventory 29,521,680 26,180,629
Prepaid advertising expenses 16,756,954 9,968,493
Other prepaid expenses and
current assets, net 13,362,528 7,789,921
Deferred tax assets, net 3,355,151 2,960,194
Total current assets 259,674,700 230,092,682
Land use rights, net -- 7,349,957
Property and equipment, net 15,641,434 14,818,404
Acquired intangible assets, net 21,313,949 3,181,596
Long-term investments 5,275,000 8,020,069
Investment in affiliates 1,159,134 8,881,830
Other long-term assets 1,121,100 1,673,755
Total assets 304,185,317 274,018,293
Liabilities and equity
Accounts payable 20,734,493 15,528,580
Accrued expenses and other
current liabilities 19,652,820 14,838,142
Notes payable 3,657,859 3,253,005
Income taxes payable 3,327,869 4,057,304
Deferred revenue 12,797,716 --
Dividend payable -- 29,322,782
Total current liabilities 60,170,757 66,999,813
Deferred tax liabilities 3,581,569 889,625
Business combination liability 11,107,375 1,103,015
Total liabilities 74,859,701 68,992,453
Acorn International Inc.
Ordinary shares 935,435 935,447
Additional paid-in capital 205,651,072 178,176,225
Retained earnings 9,737,468 19,137,916
Accumulated other comprehensive
income 15,113,507 16,997,941
Treasury stock, at cost (15,676,206) (11,612,546)
Total Acorn International Inc.
shareholders' equity 215,761,276 203,634,983
Non-controlling interest 13,564,340 1,390,857
Total equity 229,325,616 205,025,840
Total liabilities and equity 304,185,317 274,018,293
CONTACT: Acorn International, Inc., Ms. Chen Fu, IR Director, +86-21-
51518888 x2228, or firstname.lastname@example.org; or CCG Investor Relations,
Mr. Crocker Coulson, President, +1-646-213-1915 (New York), or