News
November 19, 2012
PEG Bandwidth Licenses NMS/OSS/BSS High Availability System from Verax Systems Corp.
Poster: SySAdmin
Posted on November 19, 2012 at 8:14:01 AM
PEG Bandwidth Licenses NMS/OSS/BSS High Availability System from Verax Systems Corp.
Verax Systems Corp., a provider of end-to-end integrated OSS/BSS and IT Management Solutions, has signed a strategic partnership with PEG Bandwidth.
PLANO, Texas., Nov. 19, 2012 /PRNewswire/ -- Verax Systems Corp. a provider of IT & Telco service management software announced that it has entered into a strategic relationship with PEG Bandwidth. As part of the agreement PEG Bandwidth has licensed Verax's IT & Telco Service Assurance components including Network Management platform, Operational Support Systems and Business Support Systems products.
Solutions delivered by Verax Systems provide a comprehensive set of integrated applications covering the entire lifecycle of IT & Telco services providing PEG Bandwidth with the tools to face the challenges of an ever changing Telecommunications environment.
The adoption of Verax's IT Service Assurance components enables PEG Bandwidth to manage the entire business lifecycle and infrastructure while providing flexibility and scalability with Verax's SOA based application model. The deployed systems support PEG Bandwidth's mission of continuously increasing quality of service across the infrastructure and improving customer service and experience to the highest possible level.
"We are very excited about moving forward with Verax Systems in order to deploy a fully integrated, robust and scalable OSS/BSS platform that positions PEG Bandwidth to take full advantage of market opportunities in a cost effective and robust fashion," said Christopher Pickard, PEG Bandwidth CTO.
Founded in early 2009, PEG Bandwidth has established itself as a trusted source of backhaul expertise for the wireless carriers' 3G (HSPA, EVDO) and 4G (LTE, WiMax) network build-outs to meet the exploding demand for wireless video and data. PEG Bandwidth has built fiber-based, customized backhaul networks across the central and northeastern United States serving over 2,000 cell site locations.
About Verax Systems
Verax Systems Corp. headquartered in Plano, TX is a provider of software enabling end-to-end IT & Telco service delivery, assurance and compliance. Verax Systems provides a comprehensive set of integrated applications covering the entire lifecycle from service definition through provisioning and monitoring to billing.
SOURCE Verax Systems Corp.
Verax Systems Corp.
CONTACT: Kevin Decker, Verax Systems Corp., 855-219-0009, http://www.veraxsystems.com
Web Site: http://www.veraxsystems.com
Verax Systems Corp., a provider of end-to-end integrated OSS/BSS and IT Management Solutions, has signed a strategic partnership with PEG Bandwidth.
PLANO, Texas., Nov. 19, 2012 /PRNewswire/ -- Verax Systems Corp. a provider of IT & Telco service management software announced that it has entered into a strategic relationship with PEG Bandwidth. As part of the agreement PEG Bandwidth has licensed Verax's IT & Telco Service Assurance components including Network Management platform, Operational Support Systems and Business Support Systems products.
Solutions delivered by Verax Systems provide a comprehensive set of integrated applications covering the entire lifecycle of IT & Telco services providing PEG Bandwidth with the tools to face the challenges of an ever changing Telecommunications environment.
The adoption of Verax's IT Service Assurance components enables PEG Bandwidth to manage the entire business lifecycle and infrastructure while providing flexibility and scalability with Verax's SOA based application model. The deployed systems support PEG Bandwidth's mission of continuously increasing quality of service across the infrastructure and improving customer service and experience to the highest possible level.
"We are very excited about moving forward with Verax Systems in order to deploy a fully integrated, robust and scalable OSS/BSS platform that positions PEG Bandwidth to take full advantage of market opportunities in a cost effective and robust fashion," said Christopher Pickard, PEG Bandwidth CTO.
Founded in early 2009, PEG Bandwidth has established itself as a trusted source of backhaul expertise for the wireless carriers' 3G (HSPA, EVDO) and 4G (LTE, WiMax) network build-outs to meet the exploding demand for wireless video and data. PEG Bandwidth has built fiber-based, customized backhaul networks across the central and northeastern United States serving over 2,000 cell site locations.
About Verax Systems
Verax Systems Corp. headquartered in Plano, TX is a provider of software enabling end-to-end IT & Telco service delivery, assurance and compliance. Verax Systems provides a comprehensive set of integrated applications covering the entire lifecycle from service definition through provisioning and monitoring to billing.
SOURCE Verax Systems Corp.
Verax Systems Corp.
CONTACT: Kevin Decker, Verax Systems Corp., 855-219-0009, http://www.veraxsystems.com
Web Site: http://www.veraxsystems.com
Broadcom Delivers Advanced Wireless Connectivity to Nintendo's Wii U Gaming Experience
Poster: SySAdmin
Posted on November 19, 2012 at 8:14:01 AM
Broadcom Delivers Advanced Wireless Connectivity to Nintendo's Wii U Gaming Experience
First Game System to Integrate Wi-Fi, Bluetooth and NFC - Just in Time for the Holidays
IRVINE, Calif., Nov. 19, 2012 /PRNewswire/ --
News Highlights:
-- Broadcom and Nintendo have jointly developed 5GHz Wi-Fi to support
low-latency video and audio transmission between the Wii U console and
the Wii U GamePad controller
-- Bluetooth 4.0 support with backward compatibility enables most legacy
games and peripherals to be used with the new system
-- Near Field Communications (NFC) and Wi-Fi introduce new capabilities for
the gaming experience
Broadcom Corporation (NASDAQ: BRCM), a global innovation leader in semiconductor solutions for wired and wireless communications, today announced its portfolio of wireless connectivity technologies including Wi-Fi, Bluetooth and NFC, are in the new Wii U system from Nintendo. For more news, visit Broadcom's Newsroom.
In the new Wii U system, Nintendo and Broadcom jointly developed customized 5GHz Wi-Fi technology that supports low-latency video and audio transmission between the console and GamePad controller. With the integration of Broadcom's NFC technology, the GamePad will be able to wirelessly interact with a broad selection of peripherals. Additionally, Bluetooth 4.0 support with backward compatibility enables most legacy games and legacy peripherals to be used with the new system.
By incorporating Wi-Fi, Bluetooth and NFC, the Wii U system redefines the video game experience by delivering unique capabilities. For example:
-- Play and Watch TV Simultaneously: Seamlessly switch from playing a game
to watching TV on the big screen while continuing uninterrupted
game-play on the GamePad for specially designed games.
-- New and Unexpected Video Game and Entertainment Experiences: The
addition of the GamePad, which includes a 6.2-inch touch screen, as well
as traditional button controls and two analog sticks, will open up new
possibilities for both game developers and game players.
Watch the Wii U YouTube channel for the latest games and more interesting use cases: http://www.youtube.com/wiiu.
Key Benefits:
-- Use of dual-band Wi-Fi for optimal wireless transmission:
-- Use of 5GHz Wi-Fi for low-latency video and audio transmission
-- Use of 2.4GHz Wi-Fi for wireless connectivity for Internet access
-- Broadcom's NFC technology has the ability to further extend the benefits
of connectivity with simplified pairing and seamless, instant
communication between devices
-- Inclusion of latest Bluetooth technology enables backwards compatibility
with existing handheld controllers and supports future enhancements
-- Broadcom InConcert wireless technologies uniquely enhance how devices
work together by optimizing performance of various radio components and
minimizing wireless interference:
-- BCM43362, BCM43237 and BCM4319 Wi-Fi chips provide proven wireless
connectivity expertise with high-quality latency performance to
ensure an immersive and responsive user experience
-- NFC:BCM20792 is the first NFC controller tailored for increased
flexibility, developed in 40 nm and enabling low power performance
-- Bluetooth: BCM20702 chip improves consumer electronics controller
applications
Availability:
All of the Broadcom products integrated into the Wii U system are shipping in production quantities. The Wii U system will be available in the Americas on November 18, 2012.
For ongoing news, visit Broadcom's Newsroom, read the B-Connected Blog, or visit Facebook or Twitter. And to stay connected, subscribe to Broadcom's RSS Feed.
Quotes:
Genyo Takeda, General Manager, Integrated Research & Development Division, Nintendo Co., Ltd.
"With the wireless Wii U GamePad, Nintendo is able to deliver new experiences that transform the way people think about games, social interaction and entertainment. Broadcom's wireless technologies complement these experiences by providing innovative solutions that meet our unique requirements and deliver the wireless performance we need to make the integration seamless."
Dino Bekis, Senior Director,Wireless Connectivity Combo
"Nintendo continues to lead the gaming industry by leveraging wireless connectivity technologies to provide a user experience that is fresh, innovative and increasingly relevant outside of the traditional video gaming arena. We are thrilled to be working with Nintendo to again leverage our advanced wireless technology and push the limits of what is possible with video games and the broader consumer electronics industry."
About Broadcom
Broadcom Corporation (NASDAQ: BRCM), a FORTUNE 500® company, is a global leader and innovator in semiconductor solutions for wired and wireless communications. Broadcom® products seamlessly deliver voice, video, data and multimedia connectivity in the home, office and mobile environments. With the industry's broadest portfolio of state-of-the-art system-on-a-chip and embedded software solutions, Broadcom is changing the world by Connecting everything®. For more information, go to http://www.broadcom.com.
Broadcom®, the pulse logo, Connecting everything®, and the Connecting everything logo are among the trademarks of Broadcom Corporation and/or its affiliates in the United States, certain other countries and/or the EU. Any other trademarks or trade names mentioned are the property of their respective owners.
Contacts
--------
Press Investors
Perrin Cox Chris Zegarelli
Public Relations Sr. Director, Investor Relations
408-922-7855 949-926-7567
pcox@broadcom.com czegarel@broadcom.com
SOURCE Broadcom Corporation; BRCM Mobile & Wireless
Photo:http://photos.prnewswire.com/prnh/20060609/BROADCOMLOGO
http://photoarchive.ap.org/
Broadcom Corporation; BRCM Mobile & Wireless
Web Site: http://www.broadcom.com
First Game System to Integrate Wi-Fi, Bluetooth and NFC - Just in Time for the Holidays
IRVINE, Calif., Nov. 19, 2012 /PRNewswire/ --
News Highlights:
-- Broadcom and Nintendo have jointly developed 5GHz Wi-Fi to support
low-latency video and audio transmission between the Wii U console and
the Wii U GamePad controller
-- Bluetooth 4.0 support with backward compatibility enables most legacy
games and peripherals to be used with the new system
-- Near Field Communications (NFC) and Wi-Fi introduce new capabilities for
the gaming experience
Broadcom Corporation (NASDAQ: BRCM), a global innovation leader in semiconductor solutions for wired and wireless communications, today announced its portfolio of wireless connectivity technologies including Wi-Fi, Bluetooth and NFC, are in the new Wii U system from Nintendo. For more news, visit Broadcom's Newsroom.
In the new Wii U system, Nintendo and Broadcom jointly developed customized 5GHz Wi-Fi technology that supports low-latency video and audio transmission between the console and GamePad controller. With the integration of Broadcom's NFC technology, the GamePad will be able to wirelessly interact with a broad selection of peripherals. Additionally, Bluetooth 4.0 support with backward compatibility enables most legacy games and legacy peripherals to be used with the new system.
By incorporating Wi-Fi, Bluetooth and NFC, the Wii U system redefines the video game experience by delivering unique capabilities. For example:
-- Play and Watch TV Simultaneously: Seamlessly switch from playing a game
to watching TV on the big screen while continuing uninterrupted
game-play on the GamePad for specially designed games.
-- New and Unexpected Video Game and Entertainment Experiences: The
addition of the GamePad, which includes a 6.2-inch touch screen, as well
as traditional button controls and two analog sticks, will open up new
possibilities for both game developers and game players.
Watch the Wii U YouTube channel for the latest games and more interesting use cases: http://www.youtube.com/wiiu.
Key Benefits:
-- Use of dual-band Wi-Fi for optimal wireless transmission:
-- Use of 5GHz Wi-Fi for low-latency video and audio transmission
-- Use of 2.4GHz Wi-Fi for wireless connectivity for Internet access
-- Broadcom's NFC technology has the ability to further extend the benefits
of connectivity with simplified pairing and seamless, instant
communication between devices
-- Inclusion of latest Bluetooth technology enables backwards compatibility
with existing handheld controllers and supports future enhancements
-- Broadcom InConcert wireless technologies uniquely enhance how devices
work together by optimizing performance of various radio components and
minimizing wireless interference:
-- BCM43362, BCM43237 and BCM4319 Wi-Fi chips provide proven wireless
connectivity expertise with high-quality latency performance to
ensure an immersive and responsive user experience
-- NFC:BCM20792 is the first NFC controller tailored for increased
flexibility, developed in 40 nm and enabling low power performance
-- Bluetooth: BCM20702 chip improves consumer electronics controller
applications
Availability:
All of the Broadcom products integrated into the Wii U system are shipping in production quantities. The Wii U system will be available in the Americas on November 18, 2012.
For ongoing news, visit Broadcom's Newsroom, read the B-Connected Blog, or visit Facebook or Twitter. And to stay connected, subscribe to Broadcom's RSS Feed.
Quotes:
Genyo Takeda, General Manager, Integrated Research & Development Division, Nintendo Co., Ltd.
"With the wireless Wii U GamePad, Nintendo is able to deliver new experiences that transform the way people think about games, social interaction and entertainment. Broadcom's wireless technologies complement these experiences by providing innovative solutions that meet our unique requirements and deliver the wireless performance we need to make the integration seamless."
Dino Bekis, Senior Director,Wireless Connectivity Combo
"Nintendo continues to lead the gaming industry by leveraging wireless connectivity technologies to provide a user experience that is fresh, innovative and increasingly relevant outside of the traditional video gaming arena. We are thrilled to be working with Nintendo to again leverage our advanced wireless technology and push the limits of what is possible with video games and the broader consumer electronics industry."
About Broadcom
Broadcom Corporation (NASDAQ: BRCM), a FORTUNE 500® company, is a global leader and innovator in semiconductor solutions for wired and wireless communications. Broadcom® products seamlessly deliver voice, video, data and multimedia connectivity in the home, office and mobile environments. With the industry's broadest portfolio of state-of-the-art system-on-a-chip and embedded software solutions, Broadcom is changing the world by Connecting everything®. For more information, go to http://www.broadcom.com.
Broadcom®, the pulse logo, Connecting everything®, and the Connecting everything logo are among the trademarks of Broadcom Corporation and/or its affiliates in the United States, certain other countries and/or the EU. Any other trademarks or trade names mentioned are the property of their respective owners.
Contacts
--------
Press Investors
Perrin Cox Chris Zegarelli
Public Relations Sr. Director, Investor Relations
408-922-7855 949-926-7567
pcox@broadcom.com czegarel@broadcom.com
SOURCE Broadcom Corporation; BRCM Mobile & Wireless
Photo:http://photos.prnewswire.com/prnh/20060609/BROADCOMLOGO
http://photoarchive.ap.org/
Broadcom Corporation; BRCM Mobile & Wireless
Web Site: http://www.broadcom.com
Automatic coupon codes at checkout for Cyber Monday
Poster: SySAdmin
Posted on November 19, 2012 at 8:14:01 AM
Automatic coupon codes at checkout for Cyber Monday
Browser add-on with Couponomatic(TM) feature from BeFrugal.com offers automatic coupon codes at checkout
BOSTON, Nov. 19, 2012 /PRNewswire/ -- Cyber Monday is known as the largest online shopping day of the year, but shoppers can miss out on epic savings if they are not using coupon codes. The average online coupon used with coupons and cash back website BeFrugal.com saves $27. Thanks to a new offering just in time for Cyber Monday, shoppers can save achieve extra savings in seconds. Available for free download at BeFrugal.com/addon, the BeFrugal.com Browser Add-On with Couponomatic(TM )allows shoppers to get automatic coupon codes during online checkout.
When shopping at any of 3,000 supported online stores, shoppers will see a Couponomatic drop-down box in the coupon code entry field during checkout, and they can easily select a promotional code from Couponomatic instead of hunting for codes separately. This new and exclusive feature automatically gives shoppers coupon codes during checkout when shopping online. Shoppers no longer need to copy and paste codes from one site to another.
To help shoppers save time and money, the BeFrugal.com Browser Add-On also provides more money saving resources including coupon and deal alerts, and an average of 7% cash back at more than 3,000 popular online stores. In addition, the Add-On provides restaurant and grocery coupons and weekly ads right in the Web browser.
The BeFrugal.com Browser Add-On is free and works with Internet Explorer, Firefox and Google Chrome.
This is the most recent example of BeFrugal.com making it easy and fast for shoppers to save time and money. BeFrugal.com's unparalleled content includes:
-- Coupons for more than 40,000 retailers
-- Cash back for purchases from more than 3,000 retailers
-- Coupons for more than 250 major restaurant chains
-- Weekly ads for more than 200 grocery chains
-- Thousands of grocery and manufacturer coupons
BeFrugal.com launched in 2009 and now provides savings on more than $100 million in purchases annually.
"BeFrugal.com is pleased to help consumers save on their holiday shopping with the free Browser Add-On," said Jon Lal, founder of BeFrugal.com. "With our Couponomatic feature, it's never been easier to save when shopping online."
About BeFrugal.com
BeFrugal.com features cash back, online and printable restaurant coupons, weekly ads, deals and bargains, as well as Web-based tools to help consumers save time and money.
Media Contacts: Jen Dorman, BeFrugal.com Social Media & Online Marketing
617.357.7000 or jen.dorman@befrugal.com
SOURCE BeFrugal.com
BeFrugal.com
Web Site: http://www.befrugal.com
Browser add-on with Couponomatic(TM) feature from BeFrugal.com offers automatic coupon codes at checkout
BOSTON, Nov. 19, 2012 /PRNewswire/ -- Cyber Monday is known as the largest online shopping day of the year, but shoppers can miss out on epic savings if they are not using coupon codes. The average online coupon used with coupons and cash back website BeFrugal.com saves $27. Thanks to a new offering just in time for Cyber Monday, shoppers can save achieve extra savings in seconds. Available for free download at BeFrugal.com/addon, the BeFrugal.com Browser Add-On with Couponomatic(TM )allows shoppers to get automatic coupon codes during online checkout.
When shopping at any of 3,000 supported online stores, shoppers will see a Couponomatic drop-down box in the coupon code entry field during checkout, and they can easily select a promotional code from Couponomatic instead of hunting for codes separately. This new and exclusive feature automatically gives shoppers coupon codes during checkout when shopping online. Shoppers no longer need to copy and paste codes from one site to another.
To help shoppers save time and money, the BeFrugal.com Browser Add-On also provides more money saving resources including coupon and deal alerts, and an average of 7% cash back at more than 3,000 popular online stores. In addition, the Add-On provides restaurant and grocery coupons and weekly ads right in the Web browser.
The BeFrugal.com Browser Add-On is free and works with Internet Explorer, Firefox and Google Chrome.
This is the most recent example of BeFrugal.com making it easy and fast for shoppers to save time and money. BeFrugal.com's unparalleled content includes:
-- Coupons for more than 40,000 retailers
-- Cash back for purchases from more than 3,000 retailers
-- Coupons for more than 250 major restaurant chains
-- Weekly ads for more than 200 grocery chains
-- Thousands of grocery and manufacturer coupons
BeFrugal.com launched in 2009 and now provides savings on more than $100 million in purchases annually.
"BeFrugal.com is pleased to help consumers save on their holiday shopping with the free Browser Add-On," said Jon Lal, founder of BeFrugal.com. "With our Couponomatic feature, it's never been easier to save when shopping online."
About BeFrugal.com
BeFrugal.com features cash back, online and printable restaurant coupons, weekly ads, deals and bargains, as well as Web-based tools to help consumers save time and money.
Media Contacts: Jen Dorman, BeFrugal.com Social Media & Online Marketing
617.357.7000 or jen.dorman@befrugal.com
SOURCE BeFrugal.com
BeFrugal.com
Web Site: http://www.befrugal.com
UTStarcom Announces Plans for a Cash Tender Offer for up to US$30 Million of its Outstanding Ordinary Shares and Plans for a Reverse Share Split
Poster: SySAdmin
Posted on November 19, 2012 at 7:14:01 AM
UTStarcom Announces Plans for a Cash Tender Offer for up to US$30 Million of its Outstanding Ordinary Shares and Plans for a Reverse Share Split
BEIJING, Nov. 19, 2012 /PRNewswire/ -- UTStarcom Holdings Corp. (Nasdaq: UTSI) ("UTStarcom" or the "Company"), a leading provider of media operational support services and broadband equipment products and services, today announced two significant actions to enhance liquidity.
The Board of Directors has authorized the commencement of a cash tender offer for US$30 million of the Company's outstanding ordinary shares at a purchase price of US$1.20 per share. The Company intends to commence the tender offer by December 7, 2012. The Board of Directors has also authorized the Company to obtain required shareholder and other approvals and prepare and file the necessary documents to effect, promptly following the closing of the tender offer, a 3-for-1 reverse split of its outstanding and authorized ordinary shares. It is currently anticipated that these actions will be completed by the end of the first quarter of 2013.
William Wong, UTStarcom's Chief Executive Officer, stated, "We believe that both of these actions will enhance shareholder value in the near- and also long-term. We remain very confident in our ability to grow and diversify the business through our recently announced new strategic plan. We are pleased that our strong balance sheet and financial position allows us to demonstrate confidence in our future prospects and enhance shareholder value via a tender offer and a reverse share split without impacting our ability to execute the plans for our strategic business transformation. In particular, the tender offer will afford liquidity to tendering shareholders and the reverse share split is expected to immediately result in an increased share price which we expect will make UTStarcom more appealing to a broader set of long-term investors and support improved liquidity and marketability."
The tender offer will permit tendering shareholders to have their shares repurchased at a 52% premium over the closing price per share of US$0.79 on November 16, 2012, the last full trading day before the date of this announcement. Shareholders who elect not to tender their shares in the offer will increase their relative percentage ownership in the Company following completion of the offer. UTStarcom's directors and executive officers have advised UTStarcom that they do not intend to tender their shares in the tender offer.
Following the completion of the tender offer, the Company will distribute to shareholders a proposal for the reverse share split. The proposed 3-for-1 reverse share split is subject to the approval of UTStarcom's shareholders. The Company therefore will hold a special meeting of shareholders, at which time it will seek such approval. Timing and the details of the special meeting will be communicated at a later date. UTStarcom currently expects the reverse split to be completed by the end of the first quarter of 2013.
When the proposed reverse share split becomes effective, every three outstanding and authorized ordinary shares of UTStarcom as of the effective date will be automatically combined into one issued and outstanding ordinary share. This will reduce the number of outstanding ordinary shares from approximately 118.7 million (assuming $30 million of shares are repurchased at $1.20 per share on the tender offer) to approximately 39.6 million.
About UTStarcom Holdings Corp.
UTStarcom is focused on providing next generation media operational support services in the rapidly growing markets for TV over IP services and broadband equipment products and services. UTStarcom is committed to meeting the evolving needs of cable and broadband service providers to enable a more personalized entertainment experience. The Company sells its media operational support services and broadband equipment products and services to operators in both emerging and established broadband and cable markets around the world.
UTStarcom was founded in 1991 and has traded on the NASDAQ since 2000. The Company has its operational headquarters in Beijing, China and research and development operations in China and India. For more information about UTStarcom, visit the Company's website at http://www.utstar.com.
Forward-Looking Statements
This press release includes forward-looking statements, including statements regarding the Company's plans to commence a tender offer and reverse share split, the timing of the tender offer and reverse share split, the expectations regarding the benefits of the tender offer and reverse share split and the ability to grow and diversify the Company's business through its strategic plan and the effect of the tender offer on such plans. These statements are forward-looking in nature and subject to risks and uncertainties that may cause actual results to differ materially and adversely from the Company's current expectations. These include risks and uncertainties related to, among other things, changes in the financial condition and cash position of the Company, the Company's ability to obtain shareholder approval for the reverse share split, the Company's ability to realize its anticipated results and benefits of the tender offer and reverse share split, assumptions the Company makes regarding the growth of the market and the success of the Company's offerings in the market, and the Company's ability to execute its business plan and manage regulatory matters. The risks and uncertainties also include the risk factors identified in the Company's latest Annual Report on Form 20-F and Current Reports on Form 6-K, as filed with the Securities and Exchange Commission. The Company is in a period of transition and the conduct of its business is exposed to additional risks as a result. All forward-looking statements included in this press release are based upon information available to the Company as of the date of this press release, which may change, and UTStarcom assumes no obligation to update any such forward-looking statement.
Additional Information and Where to Find It
This release does not constitute an offer to buy or the solicitation of an offer to sell ordinary shares of UTStarcom. The tender offer will be made only pursuant to an offer to purchase, letter of transmittal and related materials that UTStarcom intends to distribute to its shareholders and file with the Securities and Exchange Commission. Shareholders and investors should read carefully the offer to purchase, letter of transmittal and related materials because they will contain important information, including the various terms of, and conditions to, the tender offer. Shareholders and investors will be able to obtain a free copy of the tender offer statement on Schedule TO, the offer to purchase, letter of transmittal and other documents that UTStarcom intends to file with the Securities and Exchange Commission at the Commission's website at http://www.sec.gov or by calling the Information Agent (to be identified at the time the offer is made) for the tender offer. Shareholders are urged to carefully read these materials prior to making any decision with respect to the tender offer.
SOURCE UTStarcom, Inc.
UTStarcom, Inc.
CONTACT: At UTStarcom Holdings Corp. - Ms. Jing Ou-Yang, +86-10-8520-5153, or jouyang@utstar.com; or at FTI Consulting, Inc. - Ms. May Shen (Beijing), +86-10-8591-1951, or May.Shen@fticonsulting.com, or Mr. Daniel DelRe (Hong Kong), +852-3768-4547, or Daniel.DelRe@fticonsulting.com, or Mr. Eric Boyriven (New York), or +1-212-850-5671, or Eric.Boyriven@fticonsulting.com, all for UTStarcom
Web Site: http://www.utstar.com
BEIJING, Nov. 19, 2012 /PRNewswire/ -- UTStarcom Holdings Corp. (Nasdaq: UTSI) ("UTStarcom" or the "Company"), a leading provider of media operational support services and broadband equipment products and services, today announced two significant actions to enhance liquidity.
The Board of Directors has authorized the commencement of a cash tender offer for US$30 million of the Company's outstanding ordinary shares at a purchase price of US$1.20 per share. The Company intends to commence the tender offer by December 7, 2012. The Board of Directors has also authorized the Company to obtain required shareholder and other approvals and prepare and file the necessary documents to effect, promptly following the closing of the tender offer, a 3-for-1 reverse split of its outstanding and authorized ordinary shares. It is currently anticipated that these actions will be completed by the end of the first quarter of 2013.
William Wong, UTStarcom's Chief Executive Officer, stated, "We believe that both of these actions will enhance shareholder value in the near- and also long-term. We remain very confident in our ability to grow and diversify the business through our recently announced new strategic plan. We are pleased that our strong balance sheet and financial position allows us to demonstrate confidence in our future prospects and enhance shareholder value via a tender offer and a reverse share split without impacting our ability to execute the plans for our strategic business transformation. In particular, the tender offer will afford liquidity to tendering shareholders and the reverse share split is expected to immediately result in an increased share price which we expect will make UTStarcom more appealing to a broader set of long-term investors and support improved liquidity and marketability."
The tender offer will permit tendering shareholders to have their shares repurchased at a 52% premium over the closing price per share of US$0.79 on November 16, 2012, the last full trading day before the date of this announcement. Shareholders who elect not to tender their shares in the offer will increase their relative percentage ownership in the Company following completion of the offer. UTStarcom's directors and executive officers have advised UTStarcom that they do not intend to tender their shares in the tender offer.
Following the completion of the tender offer, the Company will distribute to shareholders a proposal for the reverse share split. The proposed 3-for-1 reverse share split is subject to the approval of UTStarcom's shareholders. The Company therefore will hold a special meeting of shareholders, at which time it will seek such approval. Timing and the details of the special meeting will be communicated at a later date. UTStarcom currently expects the reverse split to be completed by the end of the first quarter of 2013.
When the proposed reverse share split becomes effective, every three outstanding and authorized ordinary shares of UTStarcom as of the effective date will be automatically combined into one issued and outstanding ordinary share. This will reduce the number of outstanding ordinary shares from approximately 118.7 million (assuming $30 million of shares are repurchased at $1.20 per share on the tender offer) to approximately 39.6 million.
About UTStarcom Holdings Corp.
UTStarcom is focused on providing next generation media operational support services in the rapidly growing markets for TV over IP services and broadband equipment products and services. UTStarcom is committed to meeting the evolving needs of cable and broadband service providers to enable a more personalized entertainment experience. The Company sells its media operational support services and broadband equipment products and services to operators in both emerging and established broadband and cable markets around the world.
UTStarcom was founded in 1991 and has traded on the NASDAQ since 2000. The Company has its operational headquarters in Beijing, China and research and development operations in China and India. For more information about UTStarcom, visit the Company's website at http://www.utstar.com.
Forward-Looking Statements
This press release includes forward-looking statements, including statements regarding the Company's plans to commence a tender offer and reverse share split, the timing of the tender offer and reverse share split, the expectations regarding the benefits of the tender offer and reverse share split and the ability to grow and diversify the Company's business through its strategic plan and the effect of the tender offer on such plans. These statements are forward-looking in nature and subject to risks and uncertainties that may cause actual results to differ materially and adversely from the Company's current expectations. These include risks and uncertainties related to, among other things, changes in the financial condition and cash position of the Company, the Company's ability to obtain shareholder approval for the reverse share split, the Company's ability to realize its anticipated results and benefits of the tender offer and reverse share split, assumptions the Company makes regarding the growth of the market and the success of the Company's offerings in the market, and the Company's ability to execute its business plan and manage regulatory matters. The risks and uncertainties also include the risk factors identified in the Company's latest Annual Report on Form 20-F and Current Reports on Form 6-K, as filed with the Securities and Exchange Commission. The Company is in a period of transition and the conduct of its business is exposed to additional risks as a result. All forward-looking statements included in this press release are based upon information available to the Company as of the date of this press release, which may change, and UTStarcom assumes no obligation to update any such forward-looking statement.
Additional Information and Where to Find It
This release does not constitute an offer to buy or the solicitation of an offer to sell ordinary shares of UTStarcom. The tender offer will be made only pursuant to an offer to purchase, letter of transmittal and related materials that UTStarcom intends to distribute to its shareholders and file with the Securities and Exchange Commission. Shareholders and investors should read carefully the offer to purchase, letter of transmittal and related materials because they will contain important information, including the various terms of, and conditions to, the tender offer. Shareholders and investors will be able to obtain a free copy of the tender offer statement on Schedule TO, the offer to purchase, letter of transmittal and other documents that UTStarcom intends to file with the Securities and Exchange Commission at the Commission's website at http://www.sec.gov or by calling the Information Agent (to be identified at the time the offer is made) for the tender offer. Shareholders are urged to carefully read these materials prior to making any decision with respect to the tender offer.
SOURCE UTStarcom, Inc.
UTStarcom, Inc.
CONTACT: At UTStarcom Holdings Corp. - Ms. Jing Ou-Yang, +86-10-8520-5153, or jouyang@utstar.com; or at FTI Consulting, Inc. - Ms. May Shen (Beijing), +86-10-8591-1951, or May.Shen@fticonsulting.com, or Mr. Daniel DelRe (Hong Kong), +852-3768-4547, or Daniel.DelRe@fticonsulting.com, or Mr. Eric Boyriven (New York), or +1-212-850-5671, or Eric.Boyriven@fticonsulting.com, all for UTStarcom
Web Site: http://www.utstar.com
Breakbounce in Partnership With Myntra.com
Poster: SySAdmin
Posted on November 19, 2012 at 6:21:01 AM
Breakbounce in Partnership With Myntra.com
BANGALORE, November 19, 2012 /PRNewswire/ --
- Breakbounce, Street-wear Fashion Brand for Gen Y, Makes its Foray Into the Indian
Retail Market
- Myntra.com to Exclusively Market the Products Online
Bangalore-based Breakbounce, a street-wear fashion brand for Gen Y, makes its foray
into the Indian apparel industry by partnering with Myntra.com to market its products.
Breakbounce clothing has been available to consumers from November 9, 2012 - exclusively
on Myntra.com.
Commenting on the tie-up with Myntra.com, Mr. Sanjeev Mukhija, Managing Director,
Breakbounce said, "Breakbounce is a street-wear fashion brand for youth. In line with the
change in consumer behavior towards online shopping, we decided to make our entry in an
unconventional manner by launching online first. Myntra.com makes a perfect fit as a
retail partner as we have similar sensibilities and objectives towards Breakbounce. In the
near future, we intend to market Breakbounce products in large-scale retail stores in
metropolitan and cosmopolitan cities."
Given the affordability of the product range and the international fashion
sensibilities of Breakbounce, the brand is sure to make its mark among the
fashion-conscious youth. Breakbounce has already become one of Myntra.com's highest
selling men's wear brands in less than a week since its introduction.
Expressing his pleasure over this mutually-beneficial collaboration with Breakbounce,
Mr. Ganesh Subramanian, Chief Merchandising Officer, Myntra.com, said, "In order to
bolster our continuing efforts towards bringing exclusive and trendy apparel collections
to our discerning customers, this partnership with Breakbounce strengthens our street-wear
range for the fashion-conscious Indian youth."
About Breakbounce:
The brainchild of Goldenseam Textiles Pvt. Ltd., Breakbounce, is a street-wear brand
for the youth. Breakbounce is a casual fast fashion line that focuses on detailing, style
and quality and aims to make current international fashion available to the discerning
Indian shopper. The Autumn/winter collection comprises 4 ranges: Do the dogfight, Laidback
Jack, Play and Juic'd up for the fashion-conscious youth aged between 17-30 years.
Inspired by Dutch craftsmanship and European sensibilities, Breakbounce is the current
international fashion trends with focus on quality and promises to take street-wear to
"the next level".
About Goldenseam Textiles Pvt. Ltd:
Goldenseam Textiles Pvt. Ltd. (Goldenseam), a part of Mandhana Industries, is a
leading garment manufacturer. The company was incepted in 2004 with a vision to
collaborate with the international fashion powerhouses and to create tomorrows fashion
influences. Goldenseam believes in innovation, development and changing technology. Apart
from producing garments as unique as its consumers, Goldenseam works on the ethos of
maintaining a green industry, thus contributing towards a safer world.
About Myntra.com:
Myntra.com (http://www.myntra.com/ [http://www.myntra.com ]) is among the leading
e-commerce platforms in India for fashion and lifestyle products. Myntra has tied up with
over 500 leading fashion and lifestyle brands in the country such as Nike, Adidas, Puma,
Lee, Levis, Wrangler, Arrow, Jealous 21, Biba, Fabindia, US Polo and the likes to offer a
wide range in latest branded fashion and lifestyle wear. With the largest in-season
product catalogue, 100% authentic products, cash on delivery and 30 day return policy,
Myntra is today the preferred shopping destination in India.
Primary Media Contact: Nitisha Kapur, nitisha@breakbounce.com, 91-9845020040
Secondary Media Contact: Meenakshi Singh, meenakshi@myntra.com, 91-9902024488
Breakbounce
CONTACT: PRN
BANGALORE, November 19, 2012 /PRNewswire/ --
- Breakbounce, Street-wear Fashion Brand for Gen Y, Makes its Foray Into the Indian
Retail Market
- Myntra.com to Exclusively Market the Products Online
Bangalore-based Breakbounce, a street-wear fashion brand for Gen Y, makes its foray
into the Indian apparel industry by partnering with Myntra.com to market its products.
Breakbounce clothing has been available to consumers from November 9, 2012 - exclusively
on Myntra.com.
Commenting on the tie-up with Myntra.com, Mr. Sanjeev Mukhija, Managing Director,
Breakbounce said, "Breakbounce is a street-wear fashion brand for youth. In line with the
change in consumer behavior towards online shopping, we decided to make our entry in an
unconventional manner by launching online first. Myntra.com makes a perfect fit as a
retail partner as we have similar sensibilities and objectives towards Breakbounce. In the
near future, we intend to market Breakbounce products in large-scale retail stores in
metropolitan and cosmopolitan cities."
Given the affordability of the product range and the international fashion
sensibilities of Breakbounce, the brand is sure to make its mark among the
fashion-conscious youth. Breakbounce has already become one of Myntra.com's highest
selling men's wear brands in less than a week since its introduction.
Expressing his pleasure over this mutually-beneficial collaboration with Breakbounce,
Mr. Ganesh Subramanian, Chief Merchandising Officer, Myntra.com, said, "In order to
bolster our continuing efforts towards bringing exclusive and trendy apparel collections
to our discerning customers, this partnership with Breakbounce strengthens our street-wear
range for the fashion-conscious Indian youth."
About Breakbounce:
The brainchild of Goldenseam Textiles Pvt. Ltd., Breakbounce, is a street-wear brand
for the youth. Breakbounce is a casual fast fashion line that focuses on detailing, style
and quality and aims to make current international fashion available to the discerning
Indian shopper. The Autumn/winter collection comprises 4 ranges: Do the dogfight, Laidback
Jack, Play and Juic'd up for the fashion-conscious youth aged between 17-30 years.
Inspired by Dutch craftsmanship and European sensibilities, Breakbounce is the current
international fashion trends with focus on quality and promises to take street-wear to
"the next level".
About Goldenseam Textiles Pvt. Ltd:
Goldenseam Textiles Pvt. Ltd. (Goldenseam), a part of Mandhana Industries, is a
leading garment manufacturer. The company was incepted in 2004 with a vision to
collaborate with the international fashion powerhouses and to create tomorrows fashion
influences. Goldenseam believes in innovation, development and changing technology. Apart
from producing garments as unique as its consumers, Goldenseam works on the ethos of
maintaining a green industry, thus contributing towards a safer world.
About Myntra.com:
Myntra.com (http://www.myntra.com/ [http://www.myntra.com ]) is among the leading
e-commerce platforms in India for fashion and lifestyle products. Myntra has tied up with
over 500 leading fashion and lifestyle brands in the country such as Nike, Adidas, Puma,
Lee, Levis, Wrangler, Arrow, Jealous 21, Biba, Fabindia, US Polo and the likes to offer a
wide range in latest branded fashion and lifestyle wear. With the largest in-season
product catalogue, 100% authentic products, cash on delivery and 30 day return policy,
Myntra is today the preferred shopping destination in India.
Primary Media Contact: Nitisha Kapur, nitisha@breakbounce.com, 91-9845020040
Secondary Media Contact: Meenakshi Singh, meenakshi@myntra.com, 91-9902024488
Breakbounce
CONTACT: PRN
MTN Nexus(TM) to Transform At-sea Communications, Bridging the Gap Between the Land-based Experience and At-sea Experience
Poster: SySAdmin
Posted on November 19, 2012 at 6:14:01 AM
MTN Nexus(TM) to Transform At-sea Communications, Bridging the Gap Between the Land-based Experience and At-sea Experience
Next-generation network a first-ever satellite and terrestrial hybrid solution
Will deliver content, social media and calling solutions developed specifically for the maritime experience
MIRAMAR, Fla., Nov. 19, 2012 /PRNewswire/ -- Connectivity and content demands on cruise operators increase significantly as cruise passenger and crew communications requirements grow. To address these passenger and crew connectivity needs and to ensure that cruise operators stay ahead of connectivity demands, MTN Satellite Communications (MTN) announces the launch of MTN Nexus(TM).
To view the multimedia assets associated with this release, please click: http://www.multivu.com/mnr/59055-mtn-satellite-communications-launches-mtn-nexus-next-generation-network
(Photo: http://photos.prnewswire.com/prnh/20121119/MM13875)
MTN Nexus is the company's next-generation communications network -- a hybrid network that builds on a 30-year legacy of satellite connectivity leadership and innovation. This new network will deliver sophisticated computing, caching and security infrastructure to deliver connectivity and communications to a degree never realized before at sea and in port.
"There is no communication network like MTN Nexus in the world," said Errol Olivier, CEO and president of MTN. "For 30 years, we have innovated new ways to deliver connectivity and content where no terrestrial wireless or wireline networks could connect vessels far out at sea. But passengers and crew no longer accept limitations -- they want to stream video, post their updates on Facebook and share vacation images with friends ... or even family members sailing with them on the same ship. MTN Nexus bridges the gap between land-based and sea-based connectivity and content delivery. Today, we are launching a solution that will enable our cruise partners to cater to their always-connected passengers and crew."
The Demand
According to a recent Business Insider report, consumers expect to be connected everywhere, as evidenced by the more than 2 billion people online today via Internet devices. Smartphone sales overtook PC sales in 2011, and Business Insider also cites social networking as the second most popular mobile application in terms of consumption per minute. Today these trends reflect vacationers' expectations -- to keep their devices with them, to keep them on and to keep them connected.
MTN Nexus seamlessly integrates three critical components that, until now, have never been combined into one maritime communications solution:
1. A hybrid satellite and terrestrial wireless network
2. A cloud computing-based optimization platform
3. New products and services enabled only through this hybrid solution
"The demand for bandwidth will never go away; however, how bandwidth is managed and delivered on a vessel or fleet of vessels can simplify the delivery of smooth, reliable service," said Simon Bull, senior consultant, COMSYS. "The MTN Nexus solution, integrating satellite with a terrestrial network and combined with throughput efficiencies, introduces a smart solution for meeting passenger and crew demand."
The Network
MTN recently made a significant investment in a cruise-specific, purpose-built payload through the launch of Intelsat's Epic(NG )satellite constellation. MTN partnered with Intelsat to carefully engineer the delivery of maximum bit-to-hertz efficiency, which has resulted in unmatched throughput and global interoperability to key cruising areas around the world. The partnership has enabled the delivery of a High Throughput Multi-Spot Beam (HTMS) solution delivering up to 500 Mbps per beam in the Caribbean.
MTN HTMS(TM) will enable vessels to seamlessly roam between MTN HTMS beams and conventional Ku-beams. This collaboration will ensure global coverage and redundancy while reducing cost and antenna complexities. MTN service will remain backward compatible with existing Ku-band satellite systems, current network infrastructure and customer-preferred network topology, making it the most interoperable network available.
That network design was the first step in developing MTN Nexus. The second was combining MTN's global satellite capabilities with a terrestrial network building a Near-Port/In-Port network using Wi-Fi, 3G, 4G, WiMAX and/or LTE. As vessels move into port, they will switch to Wi-Fi infrastructure using a sophisticated smart switching technology. As a Wi-Fi connection is established, MTN will seamlessly reallocate unneeded satellite capacity back to ships at sea, maximizing capacity and affordability for cruise lines. The results are maximized efficiencies of unused bandwidth when ships are in port and a better end-user experience as crew and passengers move from ship to shore and back on port days without service interruption.
The Platform
MTN ShipCloud(TM) is an integrated shoreside and shipboard platform that will build on the MTN Nexus hybrid network. Leveraging cloud computing technology, MTN ShipCloud will deliver powerful infrastructure for faster processing and caching of data and content. Content enhancements and processing advancements on the vessel are geared to improve the end-user experience.
The Products and Services
The powerful combination of the MTN Nexus hybrid network, coupled with the MTN ShipCloud platform, will enable the delivery of a communication and content products suite specifically optimized for maritime use to deliver social media solutions, content and calling apps for a more enjoyable at-sea experience. In addition, because MTN Nexus is an open platform, MTN products, as well as cruise-specific products and products from third parties, can be integrated for complete optimization and delivery.
Today, MTN is launching its next-generation network to the cruise market, but it will ultimately expand these capabilities to other key markets that demand the same connection, content and user experience as on land.
"Bandwidth is only part of the solution to the connectivity demands we see every day from our cruise partners," Olivier said. "The complete solution is an integrated hybrid communications platform specifically designed for the cruise market to further enhance the total user experience. MTN's next-generation network, built on a worldwide infrastructure, will minimize costs, maximize throughput, optimize operations and deliver the greatest profitability to our partners. MTN Nexus is a purpose-built solution to deliver the at-home experience at sea and in or near port. We know this market better than anyone, and we know how to solve the problems. MTN Nexus will forever change the way we all think about communications at sea."
About MTN
MTN Satellite Communications is the leading global provider of maritime communications, connectivity and content services to remote locations around the world. MTN was the first company to offer a stabilized, very small aperture terminal, VSAT, satellite solution for ships at sea, which has contributed to the evolution of the satellite industry over the past three decades. Through MTN's reliable global communications network and expertise, the company continues to deliver solutions across various markets while addressing the unique challenges and needs for each. Today, MTN offers services and solutions to cruise lines, commercial ships, mobile and fixed oil and gas vessels, mega yachts, government entities and aviation customers. MTN delivers and supports a broad array of integrated turnkey services, including remote access for Internet, VoIP, voice services, remote IT management, global vessel tracking, bandwidth optimization, real-time video capabilities, crew calling solutions and other enterprise solutions. For more information, visit http://www.mtnsat.com.
Contacts: Liz DeCastro Gilcelia Dos Santos
Liz.DeCastro@mtnsat.com Gilcelia.DosSantos@mtnsat.com
954-672-4539(office) 954-675-4522 (office)
954-675-1404 (mobile) 954-655-5059 (mobile)
SOURCE MTN Satellite Communications
Photo:http://photos.prnewswire.com/prnh/20121119/MM13875
http://photoarchive.ap.org/
Video:http://www.multivu.com/mnr/59055-mtn-satellite-communications-launches-mtn-nexus-next-generation-network
MTN Satellite Communications
Web Site: http://www.mtnsat.com
Next-generation network a first-ever satellite and terrestrial hybrid solution
Will deliver content, social media and calling solutions developed specifically for the maritime experience
MIRAMAR, Fla., Nov. 19, 2012 /PRNewswire/ -- Connectivity and content demands on cruise operators increase significantly as cruise passenger and crew communications requirements grow. To address these passenger and crew connectivity needs and to ensure that cruise operators stay ahead of connectivity demands, MTN Satellite Communications (MTN) announces the launch of MTN Nexus(TM).
To view the multimedia assets associated with this release, please click: http://www.multivu.com/mnr/59055-mtn-satellite-communications-launches-mtn-nexus-next-generation-network
(Photo: http://photos.prnewswire.com/prnh/20121119/MM13875)
MTN Nexus is the company's next-generation communications network -- a hybrid network that builds on a 30-year legacy of satellite connectivity leadership and innovation. This new network will deliver sophisticated computing, caching and security infrastructure to deliver connectivity and communications to a degree never realized before at sea and in port.
"There is no communication network like MTN Nexus in the world," said Errol Olivier, CEO and president of MTN. "For 30 years, we have innovated new ways to deliver connectivity and content where no terrestrial wireless or wireline networks could connect vessels far out at sea. But passengers and crew no longer accept limitations -- they want to stream video, post their updates on Facebook and share vacation images with friends ... or even family members sailing with them on the same ship. MTN Nexus bridges the gap between land-based and sea-based connectivity and content delivery. Today, we are launching a solution that will enable our cruise partners to cater to their always-connected passengers and crew."
The Demand
According to a recent Business Insider report, consumers expect to be connected everywhere, as evidenced by the more than 2 billion people online today via Internet devices. Smartphone sales overtook PC sales in 2011, and Business Insider also cites social networking as the second most popular mobile application in terms of consumption per minute. Today these trends reflect vacationers' expectations -- to keep their devices with them, to keep them on and to keep them connected.
MTN Nexus seamlessly integrates three critical components that, until now, have never been combined into one maritime communications solution:
1. A hybrid satellite and terrestrial wireless network
2. A cloud computing-based optimization platform
3. New products and services enabled only through this hybrid solution
"The demand for bandwidth will never go away; however, how bandwidth is managed and delivered on a vessel or fleet of vessels can simplify the delivery of smooth, reliable service," said Simon Bull, senior consultant, COMSYS. "The MTN Nexus solution, integrating satellite with a terrestrial network and combined with throughput efficiencies, introduces a smart solution for meeting passenger and crew demand."
The Network
MTN recently made a significant investment in a cruise-specific, purpose-built payload through the launch of Intelsat's Epic(NG )satellite constellation. MTN partnered with Intelsat to carefully engineer the delivery of maximum bit-to-hertz efficiency, which has resulted in unmatched throughput and global interoperability to key cruising areas around the world. The partnership has enabled the delivery of a High Throughput Multi-Spot Beam (HTMS) solution delivering up to 500 Mbps per beam in the Caribbean.
MTN HTMS(TM) will enable vessels to seamlessly roam between MTN HTMS beams and conventional Ku-beams. This collaboration will ensure global coverage and redundancy while reducing cost and antenna complexities. MTN service will remain backward compatible with existing Ku-band satellite systems, current network infrastructure and customer-preferred network topology, making it the most interoperable network available.
That network design was the first step in developing MTN Nexus. The second was combining MTN's global satellite capabilities with a terrestrial network building a Near-Port/In-Port network using Wi-Fi, 3G, 4G, WiMAX and/or LTE. As vessels move into port, they will switch to Wi-Fi infrastructure using a sophisticated smart switching technology. As a Wi-Fi connection is established, MTN will seamlessly reallocate unneeded satellite capacity back to ships at sea, maximizing capacity and affordability for cruise lines. The results are maximized efficiencies of unused bandwidth when ships are in port and a better end-user experience as crew and passengers move from ship to shore and back on port days without service interruption.
The Platform
MTN ShipCloud(TM) is an integrated shoreside and shipboard platform that will build on the MTN Nexus hybrid network. Leveraging cloud computing technology, MTN ShipCloud will deliver powerful infrastructure for faster processing and caching of data and content. Content enhancements and processing advancements on the vessel are geared to improve the end-user experience.
The Products and Services
The powerful combination of the MTN Nexus hybrid network, coupled with the MTN ShipCloud platform, will enable the delivery of a communication and content products suite specifically optimized for maritime use to deliver social media solutions, content and calling apps for a more enjoyable at-sea experience. In addition, because MTN Nexus is an open platform, MTN products, as well as cruise-specific products and products from third parties, can be integrated for complete optimization and delivery.
Today, MTN is launching its next-generation network to the cruise market, but it will ultimately expand these capabilities to other key markets that demand the same connection, content and user experience as on land.
"Bandwidth is only part of the solution to the connectivity demands we see every day from our cruise partners," Olivier said. "The complete solution is an integrated hybrid communications platform specifically designed for the cruise market to further enhance the total user experience. MTN's next-generation network, built on a worldwide infrastructure, will minimize costs, maximize throughput, optimize operations and deliver the greatest profitability to our partners. MTN Nexus is a purpose-built solution to deliver the at-home experience at sea and in or near port. We know this market better than anyone, and we know how to solve the problems. MTN Nexus will forever change the way we all think about communications at sea."
About MTN
MTN Satellite Communications is the leading global provider of maritime communications, connectivity and content services to remote locations around the world. MTN was the first company to offer a stabilized, very small aperture terminal, VSAT, satellite solution for ships at sea, which has contributed to the evolution of the satellite industry over the past three decades. Through MTN's reliable global communications network and expertise, the company continues to deliver solutions across various markets while addressing the unique challenges and needs for each. Today, MTN offers services and solutions to cruise lines, commercial ships, mobile and fixed oil and gas vessels, mega yachts, government entities and aviation customers. MTN delivers and supports a broad array of integrated turnkey services, including remote access for Internet, VoIP, voice services, remote IT management, global vessel tracking, bandwidth optimization, real-time video capabilities, crew calling solutions and other enterprise solutions. For more information, visit http://www.mtnsat.com.
Contacts: Liz DeCastro Gilcelia Dos Santos
Liz.DeCastro@mtnsat.com Gilcelia.DosSantos@mtnsat.com
954-672-4539(office) 954-675-4522 (office)
954-675-1404 (mobile) 954-655-5059 (mobile)
SOURCE MTN Satellite Communications
Photo:http://photos.prnewswire.com/prnh/20121119/MM13875
http://photoarchive.ap.org/
Video:http://www.multivu.com/mnr/59055-mtn-satellite-communications-launches-mtn-nexus-next-generation-network
MTN Satellite Communications
Web Site: http://www.mtnsat.com
Commtouch Acquires eleven GmbH to Accelerate Launch of Security-as-a-Service Solutions
Poster: SySAdmin
Posted on November 19, 2012 at 6:14:01 AM
Commtouch Acquires eleven GmbH to Accelerate Launch of Security-as-a-Service Solutions
Conference Call Set for 10:00 a.m. ET on Monday, November 19, 2012
MCLEAN, Virginia, November 19, 2012 /PRNewswire/ --
Commtouch(R) (NASDAQ: CTCH), a leading provider of Internet security technology and
cloud-based services, today announced it acquired Berlin, Germany-based eleven GmbH. The
acquisition was completed on Friday, November 16, 2012.
(Logo:
http://photos.prnewswire.com/prnh/20120501/529254 )
eleven is well-known throughout Germany as the leading provider of mail-based
Security-as-a-Service (SecaaS) solutions, capturing more than 36 percent of the German
market for managed email security. In addition to managed email security and archiving
solutions, eleven also provides advanced on-premise email solutions and services to
selected customers, and its customer base includes some of the largest organizations in
Germany, including BMW, SAP, Siemens and Deutsche Telekom / T-Online. The acquisition of
eleven enables Commtouch to accelerate delivery of private label cloud-based security
solutions specifically designed for OEM and service provider markets. In addition,
Commtouch's global reach should accelerate sales and adoption of this leading security
technology developed by eleven.
Commtouch will continue expanding eleven's brand and presence in Germany, Austria and
Switzerland while also supporting the needs of all of eleven's valued customers, channel
partners and distributors through the combined resources of both companies. Outside of
Germany, Commtouch continues to focus on its primary OEM business and private labeling of
cloud based Security-as-a-Service solutions.
Commtouch will retain the eleven brand in the DACH region. Eleven's 60 employees will
remain with the company. Robert Rothe, eleven CEO and founder, also joins Commtouch's
executive team as Chief Technology Officer and head of Commtouch's operations in Germany.
"eleven's proven cloud-based technology delivers tremendous capabilities that will
accelerate Commtouch's strategy to become a cloud-based Security-as-a-Service solution
provider for the OEM and service provider markets," said Shlomi Yanai, CEO of Commtouch.
"Both the people and the products at eleven will serve a significant role in our continued
effort to grow Commtouch by offering the most advanced and innovative security technology.
We also look forward to serving all of eleven's current customers and partners and we are
committed to maintaining its leading stance in Germany. I welcome all of eleven's
employees to the Commtouch family and look forward to the valuable contributions of Robert
Rothe in his new role as CTO at Commtouch."
"I am pleased to join Commtouch as CTO, and I am excited to combine the resources and
great talent in both companies," said Rothe. "Through Commtouch's acquisition of eleven,
there is a tremendous opportunity for global growth as Commtouch brings eleven's
award-winning technology to larger markets through its extensive base of OEM and service
provider partners. We look forward to continuing great service for our existing customers
while also seeing significant benefit in expanding our opportunities as part of
Commtouch."
For the trailing 12-month period ended October 31, 2012, eleven generated revenues of
approximately $8.0 million (EUR6.3 million) and was profitable. Similar to Commtouch,
eleven generates the vast majority of its revenues from the delivery of services to its
clients on a recurring subscription-based revenue model. The acquisition of eleven is
comprised of three elements: cash, shares, and an earn-out component based on the success
of eleven within the combined entity. The closing purchase price included net cash of $9.2
million (EUR7.2 million) and approximately $2.1 million worth of Commtouch restricted
shares. The earn-out component will be paid out through 2015 based on the successful
achievement of certain performance-based revenue goals.
Financial Guidance
With regard to Commtouch's forward looking financial guidance, based on the
acquisition of eleven announced today, the company's year-to-date results, as well as the
company's current expectations for the remainder of 2012, Commtouch is updating its
outlook. Commtouch is increasing its revenue guidance and now anticipates full year 2012
revenue will be in the range of $23.7 million to $23.9 million. The acquisition will be
accretive, with a modest positive contribution for the current fourth quarter of 2012;
accordingly the company is reiterating its expectation that full year 2012 non-GAAP net
income is expected to be greater than $4.0 million.
The above outlook is as of the date of this release, and the company undertakes no
obligation to update its estimates in the future.
Conference Call Information
The company has scheduled a conference call for Monday, November 19, 2012 at 10:00
a.m. ET to review Commtouch's acquisition of eleven GmbH. To participate in the call,
please dial one of the following access numbers 10 minutes prior to the start time of the
call:
US Dial-in Number: 1-877-407-9210
International Dial-in Number: +1-201-689-8049
Israel Dial-in Number: 00-800-4626-6666
at:
10:00 a.m. Eastern Time, 7:00 a.m. Pacific Time,
3:00 p.m. UK Time, 5:00 p.m. Israel Time
The call will be simultaneously webcast live from a link on Commtouch's Web site at
http://www.commtouch.com.
About eleven
A leading email security provider based in Germany, eleven's unique eXpurgate
technology offers a spam filter and email categorization service that reliably protects
users against spam and phishing, detects potentially dangerous email, and can distinguish
between individual messages and mass emails. eXpurgate also offers numerous virus
protection options and a powerful email firewall. More than 45,000 organizations of all
sizes use eXpurgate to check and categorize more than a billion email messages every day.
Customers include Internet service providers and telecommunication carriers such as
T-Online, O2, 1&1 and freenet as well as many well-known companies and public
institutions, including Air Berlin, BMW, the Federal Association of German Banks, DATEV,
the Free University of Berlin, Landesbank Berlin, RTL, SAP, ThyssenKrupp and Tobit
Software AG. Visit http://www.eleven.de.
About Commtouch
Commtouch(R) (NASDAQ: CTCH) is a leading provider of Internet security technology and
cloud-based services for vendors and service providers, increasing the value and
profitability of our customers' solutions by protecting billions of Internet transactions
on a daily basis. With six global data centers and award-winning, patented technology,
Commtouch's email, Web, and antivirus capabilities easily integrate into our customers'
products and solutions, keeping more than 350 million end users safe. To learn more, visit
http://www.commtouch.com.
- Blog: http://blog.commtouch.com/cafe
- Facebook: http://www.facebook.com/commtouch
- LinkedIn: http://www.linkedin.com/company/commtouch
- Twitter: @Commtouch
Use of Non-GAAP Measures
Non-GAAP financial measures consist of GAAP financial measures adjusted to exclude:
share based compensation expenses, amortization and impairment of acquired intangible
assets, deferred taxes, acquisition related costs and adjustments to earn-out obligations
related to acquisitions. The purpose of such adjustments is to give an indication of the
company's performance exclusive of non-cash charges and other items that are considered by
management to be outside of the company's core operating results. The company's non-GAAP
financial measures are not meant to be considered in isolation or as a substitute for
comparable GAAP measures, and should be read only in conjunction with the company's
consolidated financial statements prepared in accordance with GAAP. Company management
regularly uses supplemental non-GAAP financial measures internally to understand, manage
and evaluate our business and make operating decisions.
These non-GAAP measures are among the primary factors management uses in planning for
and forecasting future periods. The company believes this adjustment is useful to
investors as a measure of the ongoing performance of our business. The company believes
these non-GAAP financial measures provide consistent and comparable measures to help
investors understand the company's current and future operating cash flow performance.
These non-GAAP financial measures may differ materially from the non-GAAP financial
measures used by other companies. The presentation of this non-GAAP financial information
is not intended to be considered in isolation or as a substitute for the financial
information prepared and presented in accordance with GAAP. Management uses both GAAP and
non-GAAP measures when evaluating the business internally and therefore felt it important
to make these non-GAAP adjustments available to investors.
Recurrent Pattern Detection, RPD, Zero-Hour and GlobalView are trademarks, and
Commtouch is a registered trademark of Commtouch. U.S. Patent No. 6,330,590 is owned by
Commtouch. All other trademarks are the property of their respective owners.
This press release contains forward-looking statements, including projections about
our business, within the meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. For example, statements in the future tense,
and statements including words such as "expect," "plan," "estimate," "anticipate," or
"believe" are forward-looking statements. These statements are based on information
available to us at the time of the release; we assume no obligation to update any of them.
The statements in this release, including those relating to how eleven's proven
cloud-based system provides tremendous capabilities that will accelerate Commtouch's
launch of a Security-as-a-Service solution for the OEM market, are not guarantees of
future performance and actual results could differ materially from our current
expectations as a result of numerous factors, including business conditions and growth or
deterioration in the Internet market, commerce and the general economy, both domestic as
well as international; fewer than expected new-partner relationships; competitive factors,
including pricing pressures; technological developments, and products offered by
competitors; the ability of our OEM partners to successfully penetrate markets with
products integrated with Commtouch technology; a slower than expected acceptance rate for
our newer product offerings; availability of qualified staff; and technological
difficulties and resource constraints encountered in developing new products, as well as
those risks described in the text of this press release and the company's Annual Reports
on Form 20-F and reports on Form 6-K, which are available through http://www.sec.gov.
Company Contact:
Ron Ela, Chief Financial Officer
Commtouch
(US) +1-650-864-2291 (Int'l) +972-9-8636813
ron.ela @commtouch.com
Israel Investor Relations Contact:
Iris Lubitch
EffectiveIR
+972-54-252-8007
Iris@EffectiveIR.co.il
U.S. Investor Contact:
Christopher Chu
Grayling
+1-646-284-9400
commtouch@grayling.com
Commtouch Media Contact:
Matthew Zintel
Zintel Public Relations
+1-281-444-1590
matthew.zintel@zintelpr.com
Photo:
http://photos.prnewswire.com/prnh/20120501/529254
Photo:http://photos.prnewswire.com/prnh/20120501/529254
http://photoarchive.ap.org/
Commtouch
Conference Call Set for 10:00 a.m. ET on Monday, November 19, 2012
MCLEAN, Virginia, November 19, 2012 /PRNewswire/ --
Commtouch(R) (NASDAQ: CTCH), a leading provider of Internet security technology and
cloud-based services, today announced it acquired Berlin, Germany-based eleven GmbH. The
acquisition was completed on Friday, November 16, 2012.
(Logo:
http://photos.prnewswire.com/prnh/20120501/529254 )
eleven is well-known throughout Germany as the leading provider of mail-based
Security-as-a-Service (SecaaS) solutions, capturing more than 36 percent of the German
market for managed email security. In addition to managed email security and archiving
solutions, eleven also provides advanced on-premise email solutions and services to
selected customers, and its customer base includes some of the largest organizations in
Germany, including BMW, SAP, Siemens and Deutsche Telekom / T-Online. The acquisition of
eleven enables Commtouch to accelerate delivery of private label cloud-based security
solutions specifically designed for OEM and service provider markets. In addition,
Commtouch's global reach should accelerate sales and adoption of this leading security
technology developed by eleven.
Commtouch will continue expanding eleven's brand and presence in Germany, Austria and
Switzerland while also supporting the needs of all of eleven's valued customers, channel
partners and distributors through the combined resources of both companies. Outside of
Germany, Commtouch continues to focus on its primary OEM business and private labeling of
cloud based Security-as-a-Service solutions.
Commtouch will retain the eleven brand in the DACH region. Eleven's 60 employees will
remain with the company. Robert Rothe, eleven CEO and founder, also joins Commtouch's
executive team as Chief Technology Officer and head of Commtouch's operations in Germany.
"eleven's proven cloud-based technology delivers tremendous capabilities that will
accelerate Commtouch's strategy to become a cloud-based Security-as-a-Service solution
provider for the OEM and service provider markets," said Shlomi Yanai, CEO of Commtouch.
"Both the people and the products at eleven will serve a significant role in our continued
effort to grow Commtouch by offering the most advanced and innovative security technology.
We also look forward to serving all of eleven's current customers and partners and we are
committed to maintaining its leading stance in Germany. I welcome all of eleven's
employees to the Commtouch family and look forward to the valuable contributions of Robert
Rothe in his new role as CTO at Commtouch."
"I am pleased to join Commtouch as CTO, and I am excited to combine the resources and
great talent in both companies," said Rothe. "Through Commtouch's acquisition of eleven,
there is a tremendous opportunity for global growth as Commtouch brings eleven's
award-winning technology to larger markets through its extensive base of OEM and service
provider partners. We look forward to continuing great service for our existing customers
while also seeing significant benefit in expanding our opportunities as part of
Commtouch."
For the trailing 12-month period ended October 31, 2012, eleven generated revenues of
approximately $8.0 million (EUR6.3 million) and was profitable. Similar to Commtouch,
eleven generates the vast majority of its revenues from the delivery of services to its
clients on a recurring subscription-based revenue model. The acquisition of eleven is
comprised of three elements: cash, shares, and an earn-out component based on the success
of eleven within the combined entity. The closing purchase price included net cash of $9.2
million (EUR7.2 million) and approximately $2.1 million worth of Commtouch restricted
shares. The earn-out component will be paid out through 2015 based on the successful
achievement of certain performance-based revenue goals.
Financial Guidance
With regard to Commtouch's forward looking financial guidance, based on the
acquisition of eleven announced today, the company's year-to-date results, as well as the
company's current expectations for the remainder of 2012, Commtouch is updating its
outlook. Commtouch is increasing its revenue guidance and now anticipates full year 2012
revenue will be in the range of $23.7 million to $23.9 million. The acquisition will be
accretive, with a modest positive contribution for the current fourth quarter of 2012;
accordingly the company is reiterating its expectation that full year 2012 non-GAAP net
income is expected to be greater than $4.0 million.
The above outlook is as of the date of this release, and the company undertakes no
obligation to update its estimates in the future.
Conference Call Information
The company has scheduled a conference call for Monday, November 19, 2012 at 10:00
a.m. ET to review Commtouch's acquisition of eleven GmbH. To participate in the call,
please dial one of the following access numbers 10 minutes prior to the start time of the
call:
US Dial-in Number: 1-877-407-9210
International Dial-in Number: +1-201-689-8049
Israel Dial-in Number: 00-800-4626-6666
at:
10:00 a.m. Eastern Time, 7:00 a.m. Pacific Time,
3:00 p.m. UK Time, 5:00 p.m. Israel Time
The call will be simultaneously webcast live from a link on Commtouch's Web site at
http://www.commtouch.com.
About eleven
A leading email security provider based in Germany, eleven's unique eXpurgate
technology offers a spam filter and email categorization service that reliably protects
users against spam and phishing, detects potentially dangerous email, and can distinguish
between individual messages and mass emails. eXpurgate also offers numerous virus
protection options and a powerful email firewall. More than 45,000 organizations of all
sizes use eXpurgate to check and categorize more than a billion email messages every day.
Customers include Internet service providers and telecommunication carriers such as
T-Online, O2, 1&1 and freenet as well as many well-known companies and public
institutions, including Air Berlin, BMW, the Federal Association of German Banks, DATEV,
the Free University of Berlin, Landesbank Berlin, RTL, SAP, ThyssenKrupp and Tobit
Software AG. Visit http://www.eleven.de.
About Commtouch
Commtouch(R) (NASDAQ: CTCH) is a leading provider of Internet security technology and
cloud-based services for vendors and service providers, increasing the value and
profitability of our customers' solutions by protecting billions of Internet transactions
on a daily basis. With six global data centers and award-winning, patented technology,
Commtouch's email, Web, and antivirus capabilities easily integrate into our customers'
products and solutions, keeping more than 350 million end users safe. To learn more, visit
http://www.commtouch.com.
- Blog: http://blog.commtouch.com/cafe
- Facebook: http://www.facebook.com/commtouch
- LinkedIn: http://www.linkedin.com/company/commtouch
- Twitter: @Commtouch
Use of Non-GAAP Measures
Non-GAAP financial measures consist of GAAP financial measures adjusted to exclude:
share based compensation expenses, amortization and impairment of acquired intangible
assets, deferred taxes, acquisition related costs and adjustments to earn-out obligations
related to acquisitions. The purpose of such adjustments is to give an indication of the
company's performance exclusive of non-cash charges and other items that are considered by
management to be outside of the company's core operating results. The company's non-GAAP
financial measures are not meant to be considered in isolation or as a substitute for
comparable GAAP measures, and should be read only in conjunction with the company's
consolidated financial statements prepared in accordance with GAAP. Company management
regularly uses supplemental non-GAAP financial measures internally to understand, manage
and evaluate our business and make operating decisions.
These non-GAAP measures are among the primary factors management uses in planning for
and forecasting future periods. The company believes this adjustment is useful to
investors as a measure of the ongoing performance of our business. The company believes
these non-GAAP financial measures provide consistent and comparable measures to help
investors understand the company's current and future operating cash flow performance.
These non-GAAP financial measures may differ materially from the non-GAAP financial
measures used by other companies. The presentation of this non-GAAP financial information
is not intended to be considered in isolation or as a substitute for the financial
information prepared and presented in accordance with GAAP. Management uses both GAAP and
non-GAAP measures when evaluating the business internally and therefore felt it important
to make these non-GAAP adjustments available to investors.
Recurrent Pattern Detection, RPD, Zero-Hour and GlobalView are trademarks, and
Commtouch is a registered trademark of Commtouch. U.S. Patent No. 6,330,590 is owned by
Commtouch. All other trademarks are the property of their respective owners.
This press release contains forward-looking statements, including projections about
our business, within the meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. For example, statements in the future tense,
and statements including words such as "expect," "plan," "estimate," "anticipate," or
"believe" are forward-looking statements. These statements are based on information
available to us at the time of the release; we assume no obligation to update any of them.
The statements in this release, including those relating to how eleven's proven
cloud-based system provides tremendous capabilities that will accelerate Commtouch's
launch of a Security-as-a-Service solution for the OEM market, are not guarantees of
future performance and actual results could differ materially from our current
expectations as a result of numerous factors, including business conditions and growth or
deterioration in the Internet market, commerce and the general economy, both domestic as
well as international; fewer than expected new-partner relationships; competitive factors,
including pricing pressures; technological developments, and products offered by
competitors; the ability of our OEM partners to successfully penetrate markets with
products integrated with Commtouch technology; a slower than expected acceptance rate for
our newer product offerings; availability of qualified staff; and technological
difficulties and resource constraints encountered in developing new products, as well as
those risks described in the text of this press release and the company's Annual Reports
on Form 20-F and reports on Form 6-K, which are available through http://www.sec.gov.
Company Contact:
Ron Ela, Chief Financial Officer
Commtouch
(US) +1-650-864-2291 (Int'l) +972-9-8636813
ron.ela @commtouch.com
Israel Investor Relations Contact:
Iris Lubitch
EffectiveIR
+972-54-252-8007
Iris@EffectiveIR.co.il
U.S. Investor Contact:
Christopher Chu
Grayling
+1-646-284-9400
commtouch@grayling.com
Commtouch Media Contact:
Matthew Zintel
Zintel Public Relations
+1-281-444-1590
matthew.zintel@zintelpr.com
Photo:
http://photos.prnewswire.com/prnh/20120501/529254
Photo:http://photos.prnewswire.com/prnh/20120501/529254
http://photoarchive.ap.org/
Commtouch
Karaoke for Xbox 360 Brings the Fun of Singing Home
Poster: SySAdmin
Posted on November 19, 2012 at 6:14:01 AM
Karaoke for Xbox 360 Brings the Fun of Singing Home
MONTREAL, Canada, November 19, 2012 /PRNewswire/ --
The KARAOKE Channel to collaborate on a new entertainment service for Xbox LIVE
The KARAOKE Channel, a property of Stingray Music USA Inc., an affiliate of the
innovative Montreal-based provider of multi-platform music services Stingray Digital Group
Inc., today announced their collaboration on "Karaoke" for Xbox 360, an exciting new
entertainment service that will be available for download through Xbox LIVE in time for
the holidays.
The KARAOKE Channel will draw on its leading expertise in the karaoke business to
provide Xbox LIVE members with streaming of a complete library of karaoke songs, further
enriching the unique experience Xbox 360 owners already enjoy. With a library of over
8,000 songs including the latest hits and golden oldies, in top genres like Pop, Rock,
Country, R&B/Hip-Hop and more, there will be songs for everyone in the family to enjoy.
"As the owner of the world's largest licensed karaoke library and karaoke service on
TV and Internet, the KARAOKE Channel will combine its expertise with the advanced
capabilities of the Xbox 360 platform from Microsoft to develop the best in-home karaoke
experience ever," says Eric Boyko, President and CEO of Stingray Digital Group Inc. "Now
anyone can access our vast library and sing in a fun and interactive way right from their
Xbox."
"Karaoke" for Xbox 360 is simply fun
"Karaoke" for Xbox 360 is easy to launch and makes it easy to sing. Karaoke fans will
sing along to scrolling lyrics on screen while their avatar performs the song on stage
with a full complement of stage props, backup band and an adoring audience. The more songs
are sung and poses struck, the more moola, props, fans and fun are earned as achievements
are awarded.
Songs don't require downloading; they play immediately via streaming for a robust
karaoke experience. To keep the party going, songs can be queued via the top navigation
through search, browse or SmartGlass integration, which connects a tablet or mobile device
to the Xbox 360 console. Songs can be added to Favorites so they're super-easy to find, or
can be found through the History list to sing them over and over again. Other options
include key change and a lead vocal track to help sing less familiar songs. To access all
of the features, an Xbox 360 Headset, Xbox Wireless Microphone or an Xbox 360 compatible
USB microphone is required.
Available on Xbox LIVE in time for the holidays, "Karaoke" for Xbox 360 will have a
selection of free sample songs that will change frequently. Full access to the entire
library is available for blocks of 2, 6 or 24 hours by redeeming Microsoft Points. Songs
are added to the library on a regular basis as they are produced and licensed, giving
everyone a great reason to launch The KARAOKE Channel on Xbox LIVE to discover new songs
to sing.
About The KARAOKE Channel
The KARAOKE Channel, with a library of thousands of professional quality karaoke
songs, has been spreading the fun of karaoke on TV, as a video on demand service available
in more than 55 million homes worldwide, online, with The KARAOKE Channel ONLINE community
and download store, and as a mobile app for iPhone and iPod touch and Android. For more
information, visit http://www.thekaraokechannel.com
About Stingray Digital Group Inc.:
Stingray Digital Group Inc. is the leading multi-platform music service provider in
the world, with more than 75 million subscribers in 56 different countries. Its properties
include:
- Galaxie, the leading digital music service on TV in Canada and in the US
(http://www.galaxie.ca);
- The KARAOKE Channel, the world's largest licensed karaoke library and karaoke
service on TV and Internet (http://www.thekaraokechannel.com);
- Music Choice Europe, the leading digital music service on TV in Europe and
Africa (http://www.musicchoiceinternational.com);
- Concert TV, a video-on-demand service distributed to 45 million homes in the
US and in Canada (http://www.concerttv.com);
- Stingray360, a leader in sensorial marketing solutions for businesses
(http://www.stingray360.com);
- Stingray Music, music licensing for film, television, advertising and other
(http://www.stingray-music.com).
Stingray Digital Group Inc. is majority-owned by Telesystem, Novacap and Boyko
Investment Corporation. Headquartered in Montreal, Quebec, the company has 200 employees
in offices across Canada and additional offices in Charlotte, Los Angeles and London,
England. For more information, visit http://www.stingraydigital.com.
For more information and interview requests, please contact:
Sophie Roy
Cohn & Wolfe
+1-514-845-7025
sophie.roy@cohnwolfe.ca
Stingray Digital Group Inc
MONTREAL, Canada, November 19, 2012 /PRNewswire/ --
The KARAOKE Channel to collaborate on a new entertainment service for Xbox LIVE
The KARAOKE Channel, a property of Stingray Music USA Inc., an affiliate of the
innovative Montreal-based provider of multi-platform music services Stingray Digital Group
Inc., today announced their collaboration on "Karaoke" for Xbox 360, an exciting new
entertainment service that will be available for download through Xbox LIVE in time for
the holidays.
The KARAOKE Channel will draw on its leading expertise in the karaoke business to
provide Xbox LIVE members with streaming of a complete library of karaoke songs, further
enriching the unique experience Xbox 360 owners already enjoy. With a library of over
8,000 songs including the latest hits and golden oldies, in top genres like Pop, Rock,
Country, R&B/Hip-Hop and more, there will be songs for everyone in the family to enjoy.
"As the owner of the world's largest licensed karaoke library and karaoke service on
TV and Internet, the KARAOKE Channel will combine its expertise with the advanced
capabilities of the Xbox 360 platform from Microsoft to develop the best in-home karaoke
experience ever," says Eric Boyko, President and CEO of Stingray Digital Group Inc. "Now
anyone can access our vast library and sing in a fun and interactive way right from their
Xbox."
"Karaoke" for Xbox 360 is simply fun
"Karaoke" for Xbox 360 is easy to launch and makes it easy to sing. Karaoke fans will
sing along to scrolling lyrics on screen while their avatar performs the song on stage
with a full complement of stage props, backup band and an adoring audience. The more songs
are sung and poses struck, the more moola, props, fans and fun are earned as achievements
are awarded.
Songs don't require downloading; they play immediately via streaming for a robust
karaoke experience. To keep the party going, songs can be queued via the top navigation
through search, browse or SmartGlass integration, which connects a tablet or mobile device
to the Xbox 360 console. Songs can be added to Favorites so they're super-easy to find, or
can be found through the History list to sing them over and over again. Other options
include key change and a lead vocal track to help sing less familiar songs. To access all
of the features, an Xbox 360 Headset, Xbox Wireless Microphone or an Xbox 360 compatible
USB microphone is required.
Available on Xbox LIVE in time for the holidays, "Karaoke" for Xbox 360 will have a
selection of free sample songs that will change frequently. Full access to the entire
library is available for blocks of 2, 6 or 24 hours by redeeming Microsoft Points. Songs
are added to the library on a regular basis as they are produced and licensed, giving
everyone a great reason to launch The KARAOKE Channel on Xbox LIVE to discover new songs
to sing.
About The KARAOKE Channel
The KARAOKE Channel, with a library of thousands of professional quality karaoke
songs, has been spreading the fun of karaoke on TV, as a video on demand service available
in more than 55 million homes worldwide, online, with The KARAOKE Channel ONLINE community
and download store, and as a mobile app for iPhone and iPod touch and Android. For more
information, visit http://www.thekaraokechannel.com
About Stingray Digital Group Inc.:
Stingray Digital Group Inc. is the leading multi-platform music service provider in
the world, with more than 75 million subscribers in 56 different countries. Its properties
include:
- Galaxie, the leading digital music service on TV in Canada and in the US
(http://www.galaxie.ca);
- The KARAOKE Channel, the world's largest licensed karaoke library and karaoke
service on TV and Internet (http://www.thekaraokechannel.com);
- Music Choice Europe, the leading digital music service on TV in Europe and
Africa (http://www.musicchoiceinternational.com);
- Concert TV, a video-on-demand service distributed to 45 million homes in the
US and in Canada (http://www.concerttv.com);
- Stingray360, a leader in sensorial marketing solutions for businesses
(http://www.stingray360.com);
- Stingray Music, music licensing for film, television, advertising and other
(http://www.stingray-music.com).
Stingray Digital Group Inc. is majority-owned by Telesystem, Novacap and Boyko
Investment Corporation. Headquartered in Montreal, Quebec, the company has 200 employees
in offices across Canada and additional offices in Charlotte, Los Angeles and London,
England. For more information, visit http://www.stingraydigital.com.
For more information and interview requests, please contact:
Sophie Roy
Cohn & Wolfe
+1-514-845-7025
sophie.roy@cohnwolfe.ca
Stingray Digital Group Inc
Commtouch Acquires eleven GmbH to Accelerate Launch of Security-as-a-Service Solutions
Poster: SySAdmin
Posted on November 19, 2012 at 6:14:01 AM
Commtouch Acquires eleven GmbH to Accelerate Launch of Security-as-a-Service Solutions
Conference Call Set for 10:00 a.m. ET on Monday, November 19, 2012
MCLEAN, Virginia, November 19, 2012 /PRNewswire/ --
Commtouch(R) (NASDAQ: CTCH), a leading provider of Internet security technology and
cloud-based services, today announced it acquired Berlin, Germany-based eleven GmbH. The
acquisition was completed on Friday, November 16, 2012.
(Logo:
http://photos.prnewswire.com/prnh/20120501/529254 )
eleven is well-known throughout Germany as the leading provider of mail-based
Security-as-a-Service (SecaaS) solutions, capturing more than 36 percent of the German
market for managed email security. In addition to managed email security and archiving
solutions, eleven also provides advanced on-premise email solutions and services to
selected customers, and its customer base includes some of the largest organizations in
Germany, including BMW, SAP, Siemens and Deutsche Telekom / T-Online. The acquisition of
eleven enables Commtouch to accelerate delivery of private label cloud-based security
solutions specifically designed for OEM and service provider markets. In addition,
Commtouch's global reach should accelerate sales and adoption of this leading security
technology developed by eleven.
Commtouch will continue expanding eleven's brand and presence in Germany, Austria and
Switzerland while also supporting the needs of all of eleven's valued customers, channel
partners and distributors through the combined resources of both companies. Outside of
Germany, Commtouch continues to focus on its primary OEM business and private labeling of
cloud based Security-as-a-Service solutions.
Commtouch will retain the eleven brand in the DACH region. Eleven's 60 employees will
remain with the company. Robert Rothe, eleven CEO and founder, also joins Commtouch's
executive team as Chief Technology Officer and head of Commtouch's operations in Germany.
"eleven's proven cloud-based technology delivers tremendous capabilities that will
accelerate Commtouch's strategy to become a cloud-based Security-as-a-Service solution
provider for the OEM and service provider markets," said Shlomi Yanai, CEO of Commtouch.
"Both the people and the products at eleven will serve a significant role in our continued
effort to grow Commtouch by offering the most advanced and innovative security technology.
We also look forward to serving all of eleven's current customers and partners and we are
committed to maintaining its leading stance in Germany. I welcome all of eleven's
employees to the Commtouch family and look forward to the valuable contributions of Robert
Rothe in his new role as CTO at Commtouch."
"I am pleased to join Commtouch as CTO, and I am excited to combine the resources and
great talent in both companies," said Rothe. "Through Commtouch's acquisition of eleven,
there is a tremendous opportunity for global growth as Commtouch brings eleven's
award-winning technology to larger markets through its extensive base of OEM and service
provider partners. We look forward to continuing great service for our existing customers
while also seeing significant benefit in expanding our opportunities as part of
Commtouch."
For the trailing 12-month period ended October 31, 2012, eleven generated revenues of
approximately $8.0 million (EUR6.3 million) and was profitable. Similar to Commtouch,
eleven generates the vast majority of its revenues from the delivery of services to its
clients on a recurring subscription-based revenue model. The acquisition of eleven is
comprised of three elements: cash, shares, and an earn-out component based on the success
of eleven within the combined entity. The closing purchase price included net cash of $9.2
million (EUR7.2 million) and approximately $2.1 million worth of Commtouch restricted
shares. The earn-out component will be paid out through 2015 based on the successful
achievement of certain performance-based revenue goals.
Financial Guidance
With regard to Commtouch's forward looking financial guidance, based on the
acquisition of eleven announced today, the company's year-to-date results, as well as the
company's current expectations for the remainder of 2012, Commtouch is updating its
outlook. Commtouch is increasing its revenue guidance and now anticipates full year 2012
revenue will be in the range of $23.7 million to $23.9 million. The acquisition will be
accretive, with a modest positive contribution for the current fourth quarter of 2012;
accordingly the company is reiterating its expectation that full year 2012 non-GAAP net
income is expected to be greater than $4.0 million.
The above outlook is as of the date of this release, and the company undertakes no
obligation to update its estimates in the future.
Conference Call Information
The company has scheduled a conference call for Monday, November 19, 2012 at 10:00
a.m. ET to review Commtouch's acquisition of eleven GmbH. To participate in the call,
please dial one of the following access numbers 10 minutes prior to the start time of the
call:
US Dial-in Number: 1-877-407-9210
International Dial-in Number: +1-201-689-8049
Israel Dial-in Number: 00-800-4626-6666
at:
10:00 a.m. Eastern Time, 7:00 a.m. Pacific Time,
3:00 p.m. UK Time, 5:00 p.m. Israel Time
The call will be simultaneously webcast live from a link on Commtouch's Web site at
http://www.commtouch.com.
About eleven
A leading email security provider based in Germany, eleven's unique eXpurgate
technology offers a spam filter and email categorization service that reliably protects
users against spam and phishing, detects potentially dangerous email, and can distinguish
between individual messages and mass emails. eXpurgate also offers numerous virus
protection options and a powerful email firewall. More than 45,000 organizations of all
sizes use eXpurgate to check and categorize more than a billion email messages every day.
Customers include Internet service providers and telecommunication carriers such as
T-Online, O2, 1&1 and freenet as well as many well-known companies and public
institutions, including Air Berlin, BMW, the Federal Association of German Banks, DATEV,
the Free University of Berlin, Landesbank Berlin, RTL, SAP, ThyssenKrupp and Tobit
Software AG. Visit http://www.eleven.de.
About Commtouch
Commtouch(R) (NASDAQ: CTCH) is a leading provider of Internet security technology and
cloud-based services for vendors and service providers, increasing the value and
profitability of our customers' solutions by protecting billions of Internet transactions
on a daily basis. With six global data centers and award-winning, patented technology,
Commtouch's email, Web, and antivirus capabilities easily integrate into our customers'
products and solutions, keeping more than 350 million end users safe. To learn more, visit
http://www.commtouch.com.
- Blog: http://blog.commtouch.com/cafe
- Facebook: http://www.facebook.com/commtouch
- LinkedIn: http://www.linkedin.com/company/commtouch
- Twitter: @Commtouch
Use of Non-GAAP Measures
Non-GAAP financial measures consist of GAAP financial measures adjusted to exclude:
share based compensation expenses, amortization and impairment of acquired intangible
assets, deferred taxes, acquisition related costs and adjustments to earn-out obligations
related to acquisitions. The purpose of such adjustments is to give an indication of the
company's performance exclusive of non-cash charges and other items that are considered by
management to be outside of the company's core operating results. The company's non-GAAP
financial measures are not meant to be considered in isolation or as a substitute for
comparable GAAP measures, and should be read only in conjunction with the company's
consolidated financial statements prepared in accordance with GAAP. Company management
regularly uses supplemental non-GAAP financial measures internally to understand, manage
and evaluate our business and make operating decisions.
These non-GAAP measures are among the primary factors management uses in planning for
and forecasting future periods. The company believes this adjustment is useful to
investors as a measure of the ongoing performance of our business. The company believes
these non-GAAP financial measures provide consistent and comparable measures to help
investors understand the company's current and future operating cash flow performance.
These non-GAAP financial measures may differ materially from the non-GAAP financial
measures used by other companies. The presentation of this non-GAAP financial information
is not intended to be considered in isolation or as a substitute for the financial
information prepared and presented in accordance with GAAP. Management uses both GAAP and
non-GAAP measures when evaluating the business internally and therefore felt it important
to make these non-GAAP adjustments available to investors.
Recurrent Pattern Detection, RPD, Zero-Hour and GlobalView are trademarks, and
Commtouch is a registered trademark of Commtouch. U.S. Patent No. 6,330,590 is owned by
Commtouch. All other trademarks are the property of their respective owners.
This press release contains forward-looking statements, including projections about
our business, within the meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. For example, statements in the future tense,
and statements including words such as "expect," "plan," "estimate," "anticipate," or
"believe" are forward-looking statements. These statements are based on information
available to us at the time of the release; we assume no obligation to update any of them.
The statements in this release, including those relating to how eleven's proven
cloud-based system provides tremendous capabilities that will accelerate Commtouch's
launch of a Security-as-a-Service solution for the OEM market, are not guarantees of
future performance and actual results could differ materially from our current
expectations as a result of numerous factors, including business conditions and growth or
deterioration in the Internet market, commerce and the general economy, both domestic as
well as international; fewer than expected new-partner relationships; competitive factors,
including pricing pressures; technological developments, and products offered by
competitors; the ability of our OEM partners to successfully penetrate markets with
products integrated with Commtouch technology; a slower than expected acceptance rate for
our newer product offerings; availability of qualified staff; and technological
difficulties and resource constraints encountered in developing new products, as well as
those risks described in the text of this press release and the company's Annual Reports
on Form 20-F and reports on Form 6-K, which are available through http://www.sec.gov.
Company Contact:
Ron Ela, Chief Financial Officer
Commtouch
(US) +1-650-864-2291 (Int'l) +972-9-8636813
ron.ela @commtouch.com
Israel Investor Relations Contact:
Iris Lubitch
EffectiveIR
+972-54-252-8007
Iris@EffectiveIR.co.il
U.S. Investor Contact:
Christopher Chu
Grayling
+1-646-284-9400
commtouch@grayling.com
Commtouch Media Contact:
Matthew Zintel
Zintel Public Relations
+1-281-444-1590
matthew.zintel@zintelpr.com
Photo:
http://photos.prnewswire.com/prnh/20120501/529254
Photo:http://photos.prnewswire.com/prnh/20120501/529254
http://photoarchive.ap.org/
Commtouch
Conference Call Set for 10:00 a.m. ET on Monday, November 19, 2012
MCLEAN, Virginia, November 19, 2012 /PRNewswire/ --
Commtouch(R) (NASDAQ: CTCH), a leading provider of Internet security technology and
cloud-based services, today announced it acquired Berlin, Germany-based eleven GmbH. The
acquisition was completed on Friday, November 16, 2012.
(Logo:
http://photos.prnewswire.com/prnh/20120501/529254 )
eleven is well-known throughout Germany as the leading provider of mail-based
Security-as-a-Service (SecaaS) solutions, capturing more than 36 percent of the German
market for managed email security. In addition to managed email security and archiving
solutions, eleven also provides advanced on-premise email solutions and services to
selected customers, and its customer base includes some of the largest organizations in
Germany, including BMW, SAP, Siemens and Deutsche Telekom / T-Online. The acquisition of
eleven enables Commtouch to accelerate delivery of private label cloud-based security
solutions specifically designed for OEM and service provider markets. In addition,
Commtouch's global reach should accelerate sales and adoption of this leading security
technology developed by eleven.
Commtouch will continue expanding eleven's brand and presence in Germany, Austria and
Switzerland while also supporting the needs of all of eleven's valued customers, channel
partners and distributors through the combined resources of both companies. Outside of
Germany, Commtouch continues to focus on its primary OEM business and private labeling of
cloud based Security-as-a-Service solutions.
Commtouch will retain the eleven brand in the DACH region. Eleven's 60 employees will
remain with the company. Robert Rothe, eleven CEO and founder, also joins Commtouch's
executive team as Chief Technology Officer and head of Commtouch's operations in Germany.
"eleven's proven cloud-based technology delivers tremendous capabilities that will
accelerate Commtouch's strategy to become a cloud-based Security-as-a-Service solution
provider for the OEM and service provider markets," said Shlomi Yanai, CEO of Commtouch.
"Both the people and the products at eleven will serve a significant role in our continued
effort to grow Commtouch by offering the most advanced and innovative security technology.
We also look forward to serving all of eleven's current customers and partners and we are
committed to maintaining its leading stance in Germany. I welcome all of eleven's
employees to the Commtouch family and look forward to the valuable contributions of Robert
Rothe in his new role as CTO at Commtouch."
"I am pleased to join Commtouch as CTO, and I am excited to combine the resources and
great talent in both companies," said Rothe. "Through Commtouch's acquisition of eleven,
there is a tremendous opportunity for global growth as Commtouch brings eleven's
award-winning technology to larger markets through its extensive base of OEM and service
provider partners. We look forward to continuing great service for our existing customers
while also seeing significant benefit in expanding our opportunities as part of
Commtouch."
For the trailing 12-month period ended October 31, 2012, eleven generated revenues of
approximately $8.0 million (EUR6.3 million) and was profitable. Similar to Commtouch,
eleven generates the vast majority of its revenues from the delivery of services to its
clients on a recurring subscription-based revenue model. The acquisition of eleven is
comprised of three elements: cash, shares, and an earn-out component based on the success
of eleven within the combined entity. The closing purchase price included net cash of $9.2
million (EUR7.2 million) and approximately $2.1 million worth of Commtouch restricted
shares. The earn-out component will be paid out through 2015 based on the successful
achievement of certain performance-based revenue goals.
Financial Guidance
With regard to Commtouch's forward looking financial guidance, based on the
acquisition of eleven announced today, the company's year-to-date results, as well as the
company's current expectations for the remainder of 2012, Commtouch is updating its
outlook. Commtouch is increasing its revenue guidance and now anticipates full year 2012
revenue will be in the range of $23.7 million to $23.9 million. The acquisition will be
accretive, with a modest positive contribution for the current fourth quarter of 2012;
accordingly the company is reiterating its expectation that full year 2012 non-GAAP net
income is expected to be greater than $4.0 million.
The above outlook is as of the date of this release, and the company undertakes no
obligation to update its estimates in the future.
Conference Call Information
The company has scheduled a conference call for Monday, November 19, 2012 at 10:00
a.m. ET to review Commtouch's acquisition of eleven GmbH. To participate in the call,
please dial one of the following access numbers 10 minutes prior to the start time of the
call:
US Dial-in Number: 1-877-407-9210
International Dial-in Number: +1-201-689-8049
Israel Dial-in Number: 00-800-4626-6666
at:
10:00 a.m. Eastern Time, 7:00 a.m. Pacific Time,
3:00 p.m. UK Time, 5:00 p.m. Israel Time
The call will be simultaneously webcast live from a link on Commtouch's Web site at
http://www.commtouch.com.
About eleven
A leading email security provider based in Germany, eleven's unique eXpurgate
technology offers a spam filter and email categorization service that reliably protects
users against spam and phishing, detects potentially dangerous email, and can distinguish
between individual messages and mass emails. eXpurgate also offers numerous virus
protection options and a powerful email firewall. More than 45,000 organizations of all
sizes use eXpurgate to check and categorize more than a billion email messages every day.
Customers include Internet service providers and telecommunication carriers such as
T-Online, O2, 1&1 and freenet as well as many well-known companies and public
institutions, including Air Berlin, BMW, the Federal Association of German Banks, DATEV,
the Free University of Berlin, Landesbank Berlin, RTL, SAP, ThyssenKrupp and Tobit
Software AG. Visit http://www.eleven.de.
About Commtouch
Commtouch(R) (NASDAQ: CTCH) is a leading provider of Internet security technology and
cloud-based services for vendors and service providers, increasing the value and
profitability of our customers' solutions by protecting billions of Internet transactions
on a daily basis. With six global data centers and award-winning, patented technology,
Commtouch's email, Web, and antivirus capabilities easily integrate into our customers'
products and solutions, keeping more than 350 million end users safe. To learn more, visit
http://www.commtouch.com.
- Blog: http://blog.commtouch.com/cafe
- Facebook: http://www.facebook.com/commtouch
- LinkedIn: http://www.linkedin.com/company/commtouch
- Twitter: @Commtouch
Use of Non-GAAP Measures
Non-GAAP financial measures consist of GAAP financial measures adjusted to exclude:
share based compensation expenses, amortization and impairment of acquired intangible
assets, deferred taxes, acquisition related costs and adjustments to earn-out obligations
related to acquisitions. The purpose of such adjustments is to give an indication of the
company's performance exclusive of non-cash charges and other items that are considered by
management to be outside of the company's core operating results. The company's non-GAAP
financial measures are not meant to be considered in isolation or as a substitute for
comparable GAAP measures, and should be read only in conjunction with the company's
consolidated financial statements prepared in accordance with GAAP. Company management
regularly uses supplemental non-GAAP financial measures internally to understand, manage
and evaluate our business and make operating decisions.
These non-GAAP measures are among the primary factors management uses in planning for
and forecasting future periods. The company believes this adjustment is useful to
investors as a measure of the ongoing performance of our business. The company believes
these non-GAAP financial measures provide consistent and comparable measures to help
investors understand the company's current and future operating cash flow performance.
These non-GAAP financial measures may differ materially from the non-GAAP financial
measures used by other companies. The presentation of this non-GAAP financial information
is not intended to be considered in isolation or as a substitute for the financial
information prepared and presented in accordance with GAAP. Management uses both GAAP and
non-GAAP measures when evaluating the business internally and therefore felt it important
to make these non-GAAP adjustments available to investors.
Recurrent Pattern Detection, RPD, Zero-Hour and GlobalView are trademarks, and
Commtouch is a registered trademark of Commtouch. U.S. Patent No. 6,330,590 is owned by
Commtouch. All other trademarks are the property of their respective owners.
This press release contains forward-looking statements, including projections about
our business, within the meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. For example, statements in the future tense,
and statements including words such as "expect," "plan," "estimate," "anticipate," or
"believe" are forward-looking statements. These statements are based on information
available to us at the time of the release; we assume no obligation to update any of them.
The statements in this release, including those relating to how eleven's proven
cloud-based system provides tremendous capabilities that will accelerate Commtouch's
launch of a Security-as-a-Service solution for the OEM market, are not guarantees of
future performance and actual results could differ materially from our current
expectations as a result of numerous factors, including business conditions and growth or
deterioration in the Internet market, commerce and the general economy, both domestic as
well as international; fewer than expected new-partner relationships; competitive factors,
including pricing pressures; technological developments, and products offered by
competitors; the ability of our OEM partners to successfully penetrate markets with
products integrated with Commtouch technology; a slower than expected acceptance rate for
our newer product offerings; availability of qualified staff; and technological
difficulties and resource constraints encountered in developing new products, as well as
those risks described in the text of this press release and the company's Annual Reports
on Form 20-F and reports on Form 6-K, which are available through http://www.sec.gov.
Company Contact:
Ron Ela, Chief Financial Officer
Commtouch
(US) +1-650-864-2291 (Int'l) +972-9-8636813
ron.ela @commtouch.com
Israel Investor Relations Contact:
Iris Lubitch
EffectiveIR
+972-54-252-8007
Iris@EffectiveIR.co.il
U.S. Investor Contact:
Christopher Chu
Grayling
+1-646-284-9400
commtouch@grayling.com
Commtouch Media Contact:
Matthew Zintel
Zintel Public Relations
+1-281-444-1590
matthew.zintel@zintelpr.com
Photo:
http://photos.prnewswire.com/prnh/20120501/529254
Photo:http://photos.prnewswire.com/prnh/20120501/529254
http://photoarchive.ap.org/
Commtouch
Sony Announces New Editing Suites For Vegas(TM) Pro And Movie Studio Platinum
Poster: SySAdmin
Posted on November 19, 2012 at 6:07:01 AM
Sony Announces New Editing Suites For Vegas(TM) Pro And Movie Studio Platinum
MIDDLETON, Wis., Nov. 19, 2012 /PRNewswire/ -- Sony Creative Software, a leading global provider of professional editing and authoring applications, today released two suite packages, Movie Studio Platinum: Visual Effects Suite 2 and Vegas((TM)) Pro 12 Suite. Both come equipped with versions of the visual effects software HitFilm 2 from London-based development company, FXhome. These new collections enable users to dramatically enhance their productions with professional special effects via a seamless and integrated workflow. Vegas Pro 12 Suite also offers a diverse bundling of professional audio and video editing applications, soundtracks, and more.
(Logo: http://photos.prnewswire.com/prnh/20110411/LA80300LOGO)
Movie Studio Platinum: Visual Effects Suite 2 has all the creative tools needed to produce professional-looking movies. Sony Creative Software offers interoperability between HitFilm 2 Express and Movie Studio Platinum 12 to turn ordinary videos into entertaining masterpieces. Users can seamlessly move media between applications to efficiently utilize effects and editing tools from both products. Ideal for the beginning filmmaker, HitFilm 2 Express enables users to add visual intensity to movies with advanced 3D compositing, extensive 'film-look' filters, and over 100 visual effects.
"With a range of effects, like smoke, explosions, and muzzle flash, the inclusion of HitFilm 2 in both Movie Studio Platinum: Visual Effects Suite 2 and Vegas Pro 12 Suite gives video editors the ability to achieve the realistic and dramatic look they desire in their productions," said Dave Chaimson, vice president of global marketing for Sony Creative Software. The suite also allows users to easily edit video in almost any format including high definition and stereoscopic 3D, while extensive audio and video production tools help editors achieve feature-film results in their studios, with a wide variety of delivery options.
Movie Studio Platinum: Visual Effects Suite 2 - New Feature Highlights:
-- Application Interoperability: Easily and seamlessly move media between
Movie Studio Platinum and HitFilm 2 Express
-- Visual Effects: Access more than 100 effects for blur, distortion, color
manipulation and more. Combine multiple effects to create entirely
unique results.
-- Speedy Editing: Basic editing is now easier and faster with Split and
Trim buttons on the main toolbar.
-- Multiple Tracks: Produce intricate video projects or record multi-track
audio with up to 20 video and 20 audio tracks.
-- 64-bit Support: Access more system RAM when working on larger projects
for a better editing experience.
-- Straightforward Windows: Setup your project for AVCHD or stereoscopic 3D
with the New Project dialog. Deliver a movie in a variety of formats
with the Make Movie window. Project setup and delivery has never been
easier.
The Vegas(TM) Pro 12 Suite is a full-featured production environment for video editing and compositing, multi-track mixing, sound design, visual effects, and disc authoring. Included in this major editing suite is Hitfilm 2 Ultimate, the perfect tool for advanced filmmakers and industry professionals who want to add sophisticated visual effects and true 3D compositing to their projects. Master audio in Sound Forge(TM) Pro 10, automate your editing workflow with Production Assistant, and add the perfect musical background with 100 Sony Sound Series:Production Music soundtracks. Burn finished projects to a DVD or Blu-ray Disc(TM) with DVD Architect(TM) Pro 6, or render them to a variety of professional formats.
"Vegas Pro 12 Suite exemplifies Sony Creative Software's dedication to offering cutting edge, integrated professional products," says Dave Chaimson. "This bundle includes some of our biggest and brightest professional applications for multimedia production and adds a new workflow with one of the most powerful visual effects tools on the market. This bundle is the professional editor's one-stop shop."
Vegas Pro 12 Suite - New Feature Highlights:
-- Master Suite: Vegas Pro 12 Suite includes: Vegas Pro 12, Sound Forge Pro
10, DVD Architect Pro 6, Production Assistant 2, HitFilm 2 Ultimate, and
100 Sony Sound Series: Production Music soundtracks.
-- Application Interoperability: Send video events from the Vegas Pro
timeline directly to HitFilm 2 Ultimate. As effects are added and saved
in HitFilm 2, the changes instantly appear in the Vegas Pro timeline, no
rendering or "flattening" of the project is required.
-- Dynamic Video Editing Tools: Access interactive, powerful timeline
trimming with the Expanded Edit mode. Use the Smart Proxy workflow for
improved editing performance.
-- Precise Audio Editing: Import, record, edit, and export high-quality
24-bit, 192 kHz audio files, with sample-based audio precision, and
multichannel file editing and processing.
-- Color Match: Automatically match the color characteristics of images
shot with different cameras, or shot at different times of the day with
different lighting conditions.
-- Simplify Masking: New rectangle/square and oval/circle Masking Tools
make it easy to mask portions of media by drawing the desired shape over
the appropriate areas.
Movie Studio Platinum: Visual Effects Suite 2 is now available for purchase at retailers worldwide and online at http://www.sonycreativesoftware.com. Manufacturer's Suggested Retail Price (MSRP) for Movie Studio Platinum: Visual Effects Suite 2 software is $199.95 USD.
Vegas Pro 12 Suite is now available at retailers worldwide and online at http://www.sonycreativesoftware.com. Over a $2,500 dollar value! Manufacturer's Suggested Retail Price (MSRP) for Vegas Pro 12 Suite software is $1,199 USD.
Already own a copy of Vegas Pro 12? Purchase the upgrade pack, which includes the additional Suite products at the Manufacturer's Suggested Retail Price (MSRP) of $599.95.
About Sony Creative Software
Sony Creative Software inspires artistic expression with its award-winning line of products for digital video, audio, and music production, as well as industry leading technology for DVD production and Blu-ray Disc(TM) authoring. Sound Forge(TM) Pro, ACID(TM) Pro, and Vegas(TM) Pro software have defined digital content creation for a generation of creative professionals. These signature product lines continue to advance media production by providing powerful, accessible tools. Today, there is a Sony Creative Software application for every level of expertise, including a full line of consumer software based on the company's professional applications. In addition, Sony Creative Software distributes the revolutionary SpectraLayers(TM) Advanced Audio Spectrum Editor application (WIN/MAC), the extensive Sony(®) Sound Series collection of royalty free loops and samples, the Sony Pictures Sound Effects Series, and the Production Music line of royalty free production music. Further, the company provides the industry leading tools for enterprise level Blu-ray Disc(TM) authoring: Blu-print(®) and the DoStudio(TM) line of authoring applications, Dualstream 3D(TM) MVC encoder, and Z Depth(TM) 3D subtitle editing application. The company's customers span the globe and include professionals in the film, television, video game, and recording industries, as well as educators, students, and independent artists and producers. For more information about professional and consumer products, visit http://www.sonycreativesoftware.com.
© 2012 Sony Creative Software Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited. Sony, make.believe and the Sony and make.believe logos, ACID, Vegas, Sound Forge, Blu-code,Blu-print, Dualstream, DoStudio, and Z Depth are trademarks of Sony. All other trademarks or trade names mentioned are the property of their respective owners.
SOURCE Sony Creative Software
Photo:http://photos.prnewswire.com/prnh/20110411/LA80300LOGO
http://photoarchive.ap.org/
Sony Creative Software
CONTACT: Bender/Helper Impact, Rob Mankin,+1-310-694-3116, rob_mankin@bhimpact.com
Web Site: http://www.sonycreativesoftware.com
MIDDLETON, Wis., Nov. 19, 2012 /PRNewswire/ -- Sony Creative Software, a leading global provider of professional editing and authoring applications, today released two suite packages, Movie Studio Platinum: Visual Effects Suite 2 and Vegas((TM)) Pro 12 Suite. Both come equipped with versions of the visual effects software HitFilm 2 from London-based development company, FXhome. These new collections enable users to dramatically enhance their productions with professional special effects via a seamless and integrated workflow. Vegas Pro 12 Suite also offers a diverse bundling of professional audio and video editing applications, soundtracks, and more.
(Logo: http://photos.prnewswire.com/prnh/20110411/LA80300LOGO)
Movie Studio Platinum: Visual Effects Suite 2 has all the creative tools needed to produce professional-looking movies. Sony Creative Software offers interoperability between HitFilm 2 Express and Movie Studio Platinum 12 to turn ordinary videos into entertaining masterpieces. Users can seamlessly move media between applications to efficiently utilize effects and editing tools from both products. Ideal for the beginning filmmaker, HitFilm 2 Express enables users to add visual intensity to movies with advanced 3D compositing, extensive 'film-look' filters, and over 100 visual effects.
"With a range of effects, like smoke, explosions, and muzzle flash, the inclusion of HitFilm 2 in both Movie Studio Platinum: Visual Effects Suite 2 and Vegas Pro 12 Suite gives video editors the ability to achieve the realistic and dramatic look they desire in their productions," said Dave Chaimson, vice president of global marketing for Sony Creative Software. The suite also allows users to easily edit video in almost any format including high definition and stereoscopic 3D, while extensive audio and video production tools help editors achieve feature-film results in their studios, with a wide variety of delivery options.
Movie Studio Platinum: Visual Effects Suite 2 - New Feature Highlights:
-- Application Interoperability: Easily and seamlessly move media between
Movie Studio Platinum and HitFilm 2 Express
-- Visual Effects: Access more than 100 effects for blur, distortion, color
manipulation and more. Combine multiple effects to create entirely
unique results.
-- Speedy Editing: Basic editing is now easier and faster with Split and
Trim buttons on the main toolbar.
-- Multiple Tracks: Produce intricate video projects or record multi-track
audio with up to 20 video and 20 audio tracks.
-- 64-bit Support: Access more system RAM when working on larger projects
for a better editing experience.
-- Straightforward Windows: Setup your project for AVCHD or stereoscopic 3D
with the New Project dialog. Deliver a movie in a variety of formats
with the Make Movie window. Project setup and delivery has never been
easier.
The Vegas(TM) Pro 12 Suite is a full-featured production environment for video editing and compositing, multi-track mixing, sound design, visual effects, and disc authoring. Included in this major editing suite is Hitfilm 2 Ultimate, the perfect tool for advanced filmmakers and industry professionals who want to add sophisticated visual effects and true 3D compositing to their projects. Master audio in Sound Forge(TM) Pro 10, automate your editing workflow with Production Assistant, and add the perfect musical background with 100 Sony Sound Series:Production Music soundtracks. Burn finished projects to a DVD or Blu-ray Disc(TM) with DVD Architect(TM) Pro 6, or render them to a variety of professional formats.
"Vegas Pro 12 Suite exemplifies Sony Creative Software's dedication to offering cutting edge, integrated professional products," says Dave Chaimson. "This bundle includes some of our biggest and brightest professional applications for multimedia production and adds a new workflow with one of the most powerful visual effects tools on the market. This bundle is the professional editor's one-stop shop."
Vegas Pro 12 Suite - New Feature Highlights:
-- Master Suite: Vegas Pro 12 Suite includes: Vegas Pro 12, Sound Forge Pro
10, DVD Architect Pro 6, Production Assistant 2, HitFilm 2 Ultimate, and
100 Sony Sound Series: Production Music soundtracks.
-- Application Interoperability: Send video events from the Vegas Pro
timeline directly to HitFilm 2 Ultimate. As effects are added and saved
in HitFilm 2, the changes instantly appear in the Vegas Pro timeline, no
rendering or "flattening" of the project is required.
-- Dynamic Video Editing Tools: Access interactive, powerful timeline
trimming with the Expanded Edit mode. Use the Smart Proxy workflow for
improved editing performance.
-- Precise Audio Editing: Import, record, edit, and export high-quality
24-bit, 192 kHz audio files, with sample-based audio precision, and
multichannel file editing and processing.
-- Color Match: Automatically match the color characteristics of images
shot with different cameras, or shot at different times of the day with
different lighting conditions.
-- Simplify Masking: New rectangle/square and oval/circle Masking Tools
make it easy to mask portions of media by drawing the desired shape over
the appropriate areas.
Movie Studio Platinum: Visual Effects Suite 2 is now available for purchase at retailers worldwide and online at http://www.sonycreativesoftware.com. Manufacturer's Suggested Retail Price (MSRP) for Movie Studio Platinum: Visual Effects Suite 2 software is $199.95 USD.
Vegas Pro 12 Suite is now available at retailers worldwide and online at http://www.sonycreativesoftware.com. Over a $2,500 dollar value! Manufacturer's Suggested Retail Price (MSRP) for Vegas Pro 12 Suite software is $1,199 USD.
Already own a copy of Vegas Pro 12? Purchase the upgrade pack, which includes the additional Suite products at the Manufacturer's Suggested Retail Price (MSRP) of $599.95.
About Sony Creative Software
Sony Creative Software inspires artistic expression with its award-winning line of products for digital video, audio, and music production, as well as industry leading technology for DVD production and Blu-ray Disc(TM) authoring. Sound Forge(TM) Pro, ACID(TM) Pro, and Vegas(TM) Pro software have defined digital content creation for a generation of creative professionals. These signature product lines continue to advance media production by providing powerful, accessible tools. Today, there is a Sony Creative Software application for every level of expertise, including a full line of consumer software based on the company's professional applications. In addition, Sony Creative Software distributes the revolutionary SpectraLayers(TM) Advanced Audio Spectrum Editor application (WIN/MAC), the extensive Sony(®) Sound Series collection of royalty free loops and samples, the Sony Pictures Sound Effects Series, and the Production Music line of royalty free production music. Further, the company provides the industry leading tools for enterprise level Blu-ray Disc(TM) authoring: Blu-print(®) and the DoStudio(TM) line of authoring applications, Dualstream 3D(TM) MVC encoder, and Z Depth(TM) 3D subtitle editing application. The company's customers span the globe and include professionals in the film, television, video game, and recording industries, as well as educators, students, and independent artists and producers. For more information about professional and consumer products, visit http://www.sonycreativesoftware.com.
© 2012 Sony Creative Software Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited. Sony, make.believe and the Sony and make.believe logos, ACID, Vegas, Sound Forge, Blu-code,Blu-print, Dualstream, DoStudio, and Z Depth are trademarks of Sony. All other trademarks or trade names mentioned are the property of their respective owners.
SOURCE Sony Creative Software
Photo:http://photos.prnewswire.com/prnh/20110411/LA80300LOGO
http://photoarchive.ap.org/
Sony Creative Software
CONTACT: Bender/Helper Impact, Rob Mankin,+1-310-694-3116, rob_mankin@bhimpact.com
Web Site: http://www.sonycreativesoftware.com
Karaoke for Xbox 360 Brings the Fun of Singing Home
Poster: SySAdmin
Posted on November 19, 2012 at 6:07:01 AM
Karaoke for Xbox 360 Brings the Fun of Singing Home
The KARAOKE Channel to collaborate on a new entertainment service for
Xbox LIVE
MONTREAL, Nov. 19, 2012 /PRNewswire/ - The KARAOKE Channel, a property
of Stingray Music USA Inc., an affiliate of the innovative
Montreal-based provider of multi-platform music services Stingray
Digital Group Inc., today announced their collaboration on "Karaoke"
for Xbox 360, an exciting new entertainment service that will be
available for download through Xbox LIVE in time for the holidays.
The KARAOKE Channel will draw on its leading expertise in the karaoke
business to provide Xbox LIVE members with streaming of a complete
library of karaoke songs, further enriching the unique experience Xbox
360 owners already enjoy. With a library of over 8,000 songs including
the latest hits and golden oldies, in top genres like Pop, Rock,
Country, R&B/Hip-Hop and more, there will be songs for everyone in the
family to enjoy.
"As the owner of the world's largest licensed karaoke library and
karaoke service on TV and Internet, the KARAOKE Channel will combine
its expertise with the advanced capabilities of the Xbox 360 platform
from Microsoft to develop the best in-home karaoke experience ever,"
says Eric Boyko, President and CEO of Stingray Digital Group Inc. "Now
anyone can access our vast library and sing in a fun and interactive
way right from their Xbox."
"Karaoke" for Xbox 360 is simply fun
"Karaoke" for Xbox 360 is easy to launch and makes it easy to sing.
Karaoke fans will sing along to scrolling lyrics on screen while their
avatar performs the song on stage with a full complement of stage
props, backup band and an adoring audience. The more songs are sung and
poses struck, the more moola, props, fans and fun are earned as
achievements are awarded.
Songs don't require downloading; they play immediately via streaming for
a robust karaoke experience. To keep the party going, songs can be
queued via the top navigation through search, browse or SmartGlass
integration, which connects a tablet or mobile device to the Xbox 360
console. Songs can be added to Favorites so they're super-easy to find,
or can be found through the History list to sing them over and over
again. Other options include key change and a lead vocal track to help
sing less familiar songs. To access all of the features, an Xbox 360
Headset, Xbox Wireless Microphone or an Xbox 360 compatible USB
microphone is required.
Available on Xbox LIVE in time for the holidays, "Karaoke" for Xbox 360
will have a selection of free sample songs that will change frequently.
Full access to the entire library is available for blocks of 2, 6 or 24
hours by redeeming Microsoft Points. Songs are added to the library on
a regular basis as they are produced and licensed, giving everyone a
great reason to launch The KARAOKE Channel on Xbox LIVE to discover new
songs to sing.
About The KARAOKE Channel
The KARAOKE Channel, with a library of thousands of professional quality
karaoke songs, has been spreading the fun of karaoke on TV, as a video
on demand service available in more than 55 million homes worldwide,
online, with The KARAOKE Channel ONLINE community and download store,
and as a mobile app for iPhone and iPod touch and Android. For more
information, visit http://www.thekaraokechannel.com
About Stingray Digital Group Inc.:
Stingray Digital Group Inc. is the leading multi-platform music service
provider in the world, with more than 75 million subscribers in 56
different countries. Its properties include:
-- Galaxie, the leading digital music service on TV in Canada and
in the US (http://www.galaxie.ca);
-- The KARAOKE Channel, the world's largest licensed karaoke
library and karaoke service on TV and Internet
(http://www.thekaraokechannel.com);
-- Music Choice Europe, the leading digital music service on TV in
Europe and Africa
(http://www.musicchoiceinternational.com);
-- Concert TV, a video-on-demand service distributed to 45 million
homes in the US and in Canada
(http://www.concerttv.com);
-- Stingray360, a leader in sensorial marketing solutions for
businesses
(http://www.stingray360.com);
-- Stingray Music, music licensing for film, television,
advertising and other
(http://www.stingray-music.com).
Stingray Digital Group Inc. is majority-owned by Telesystem, Novacap and
Boyko Investment Corporation. Headquartered in Montreal, Quebec, the
company has 200 employees in offices across Canada and additional
offices in Charlotte, Los Angeles and London, England. For more
information, visit http://www.stingraydigital.com.
SOURCE STINGRAY DIGITAL MEDIA GROUP INC.
STINGRAY DIGITAL MEDIA GROUP INC.
CONTACT: For more information and interview requests, please contact: Sophie Roy
Cohn & Wolfe
514-845-7025
sophie.roy@cohnwolfe.ca
The KARAOKE Channel to collaborate on a new entertainment service for
Xbox LIVE
MONTREAL, Nov. 19, 2012 /PRNewswire/ - The KARAOKE Channel, a property
of Stingray Music USA Inc., an affiliate of the innovative
Montreal-based provider of multi-platform music services Stingray
Digital Group Inc., today announced their collaboration on "Karaoke"
for Xbox 360, an exciting new entertainment service that will be
available for download through Xbox LIVE in time for the holidays.
The KARAOKE Channel will draw on its leading expertise in the karaoke
business to provide Xbox LIVE members with streaming of a complete
library of karaoke songs, further enriching the unique experience Xbox
360 owners already enjoy. With a library of over 8,000 songs including
the latest hits and golden oldies, in top genres like Pop, Rock,
Country, R&B/Hip-Hop and more, there will be songs for everyone in the
family to enjoy.
"As the owner of the world's largest licensed karaoke library and
karaoke service on TV and Internet, the KARAOKE Channel will combine
its expertise with the advanced capabilities of the Xbox 360 platform
from Microsoft to develop the best in-home karaoke experience ever,"
says Eric Boyko, President and CEO of Stingray Digital Group Inc. "Now
anyone can access our vast library and sing in a fun and interactive
way right from their Xbox."
"Karaoke" for Xbox 360 is simply fun
"Karaoke" for Xbox 360 is easy to launch and makes it easy to sing.
Karaoke fans will sing along to scrolling lyrics on screen while their
avatar performs the song on stage with a full complement of stage
props, backup band and an adoring audience. The more songs are sung and
poses struck, the more moola, props, fans and fun are earned as
achievements are awarded.
Songs don't require downloading; they play immediately via streaming for
a robust karaoke experience. To keep the party going, songs can be
queued via the top navigation through search, browse or SmartGlass
integration, which connects a tablet or mobile device to the Xbox 360
console. Songs can be added to Favorites so they're super-easy to find,
or can be found through the History list to sing them over and over
again. Other options include key change and a lead vocal track to help
sing less familiar songs. To access all of the features, an Xbox 360
Headset, Xbox Wireless Microphone or an Xbox 360 compatible USB
microphone is required.
Available on Xbox LIVE in time for the holidays, "Karaoke" for Xbox 360
will have a selection of free sample songs that will change frequently.
Full access to the entire library is available for blocks of 2, 6 or 24
hours by redeeming Microsoft Points. Songs are added to the library on
a regular basis as they are produced and licensed, giving everyone a
great reason to launch The KARAOKE Channel on Xbox LIVE to discover new
songs to sing.
About The KARAOKE Channel
The KARAOKE Channel, with a library of thousands of professional quality
karaoke songs, has been spreading the fun of karaoke on TV, as a video
on demand service available in more than 55 million homes worldwide,
online, with The KARAOKE Channel ONLINE community and download store,
and as a mobile app for iPhone and iPod touch and Android. For more
information, visit http://www.thekaraokechannel.com
About Stingray Digital Group Inc.:
Stingray Digital Group Inc. is the leading multi-platform music service
provider in the world, with more than 75 million subscribers in 56
different countries. Its properties include:
-- Galaxie, the leading digital music service on TV in Canada and
in the US (http://www.galaxie.ca);
-- The KARAOKE Channel, the world's largest licensed karaoke
library and karaoke service on TV and Internet
(http://www.thekaraokechannel.com);
-- Music Choice Europe, the leading digital music service on TV in
Europe and Africa
(http://www.musicchoiceinternational.com);
-- Concert TV, a video-on-demand service distributed to 45 million
homes in the US and in Canada
(http://www.concerttv.com);
-- Stingray360, a leader in sensorial marketing solutions for
businesses
(http://www.stingray360.com);
-- Stingray Music, music licensing for film, television,
advertising and other
(http://www.stingray-music.com).
Stingray Digital Group Inc. is majority-owned by Telesystem, Novacap and
Boyko Investment Corporation. Headquartered in Montreal, Quebec, the
company has 200 employees in offices across Canada and additional
offices in Charlotte, Los Angeles and London, England. For more
information, visit http://www.stingraydigital.com.
SOURCE STINGRAY DIGITAL MEDIA GROUP INC.
STINGRAY DIGITAL MEDIA GROUP INC.
CONTACT: For more information and interview requests, please contact: Sophie Roy
Cohn & Wolfe
514-845-7025
sophie.roy@cohnwolfe.ca
E-T-A and Victron Energy Announce new Interface for PowerPlex
Poster: SySAdmin
Posted on November 19, 2012 at 5:21:01 AM
E-T-A and Victron Energy Announce new Interface for PowerPlex
ALMERE, The Netherlands, November 19, 2012 /PRNewswire/ --
E-T-A and Victron announce a new Victron interface for E-T-A PowerPlex. With
PowerPlex, users can easily control electrical equipment on a boat or special vehicle.
Thanks to this new interface, it is now possible to control a Victron MultiPlus or Quattro
inverter/battery charger and other Victron products with PowerPlex.
E-T-A PowerPlex
E-T-A is specialized in the design and development of circuit breakers for the
protection of electrical equipment. They have also developed their own CAN-bus
multiplexing system: PowerPlex. PowerPlex is an electrical distribution system with which
equipment on-board boats and special vehicles is protected and can be operated. PowerPlex
is an open system which can be configured on any PC/Laptop operating under Windows.
E-T-A PowerPlex Touch PC
E-T-A's PowerPlex Touch PC display is a component of their PowerPlex CAN-bus system.
Using this Touch PC, users can operate the equipment connected to the PowerPlex. The new
interface allows control of the following Victron equipment:
- MultiPlus or Quattro inverter/battery charger
- Lithium-ion 24V 180Ah Battery system
- BMV battery monitor
- Lynx Shunt Canbus
- Skylla-i
NMEA 2000
The communication between E-T-A's PowerPlex and Victron equipment occurs via the NMEA
2000-network. This is an open CAN-bus network in which equipment from different
manufacturers can communicate with each other.
The new interface for the PowerPlex Touch PC falls in line with Victron's open network
philosophy: a perfect network in which all components can work together; independent of
supplier.
Profile Victron Energy
Electrical power specialist Victron continually develops new solutions for energy use
in diverse situations. Victron Energy is a respected supplier of independent
'off-grid'-installations for the following sectors: Marine, Industrial, Vehicles, Off-grid
and revalidation. The product range comprises sine inverters, sine chargers/inverters,
battery chargers, DC/DC inverters, switching cabinets, the intelligent Battery Monitor and
more. Victron Energy has an enviable reputation in technical innovation, reliability and
sustainability. The products are recognized worldwide as the professional choice for
independent electrical energy supply. For additional information about Victron Energy go
to http://www.victronenergy.com [http://www.victronenergy.com ].
Profile E-T-A
E-T-A Elektrotechnische Apparate GmbH, headquartered in Altdorf bei Nuremberg, has
been globally successful for more than 60 years. E-T-A is the market leader in the design
and production of circuit protection solutions for a wide range of industries. Their
CAN-Bus based Multiplexing system, PowerPlex, sets the standard worldwide for reliability,
innovation and versatility. It is installed in demanding applications: work boats,
performance yachts and sailing yachts and special vehicles. For additional information
about E-T-A go to http://www.e-t-a.com [http://www.e-t-a.com ].
Victron Energy BV
CONTACT: For more information please contact: +31(0)36-5359700, mpranger@victronenergy.com. Our logo material and our press release records, including this press release, are available in other languages following the link below: http://www.victronenergy.com/information/press/
ALMERE, The Netherlands, November 19, 2012 /PRNewswire/ --
E-T-A and Victron announce a new Victron interface for E-T-A PowerPlex. With
PowerPlex, users can easily control electrical equipment on a boat or special vehicle.
Thanks to this new interface, it is now possible to control a Victron MultiPlus or Quattro
inverter/battery charger and other Victron products with PowerPlex.
E-T-A PowerPlex
E-T-A is specialized in the design and development of circuit breakers for the
protection of electrical equipment. They have also developed their own CAN-bus
multiplexing system: PowerPlex. PowerPlex is an electrical distribution system with which
equipment on-board boats and special vehicles is protected and can be operated. PowerPlex
is an open system which can be configured on any PC/Laptop operating under Windows.
E-T-A PowerPlex Touch PC
E-T-A's PowerPlex Touch PC display is a component of their PowerPlex CAN-bus system.
Using this Touch PC, users can operate the equipment connected to the PowerPlex. The new
interface allows control of the following Victron equipment:
- MultiPlus or Quattro inverter/battery charger
- Lithium-ion 24V 180Ah Battery system
- BMV battery monitor
- Lynx Shunt Canbus
- Skylla-i
NMEA 2000
The communication between E-T-A's PowerPlex and Victron equipment occurs via the NMEA
2000-network. This is an open CAN-bus network in which equipment from different
manufacturers can communicate with each other.
The new interface for the PowerPlex Touch PC falls in line with Victron's open network
philosophy: a perfect network in which all components can work together; independent of
supplier.
Profile Victron Energy
Electrical power specialist Victron continually develops new solutions for energy use
in diverse situations. Victron Energy is a respected supplier of independent
'off-grid'-installations for the following sectors: Marine, Industrial, Vehicles, Off-grid
and revalidation. The product range comprises sine inverters, sine chargers/inverters,
battery chargers, DC/DC inverters, switching cabinets, the intelligent Battery Monitor and
more. Victron Energy has an enviable reputation in technical innovation, reliability and
sustainability. The products are recognized worldwide as the professional choice for
independent electrical energy supply. For additional information about Victron Energy go
to http://www.victronenergy.com [http://www.victronenergy.com ].
Profile E-T-A
E-T-A Elektrotechnische Apparate GmbH, headquartered in Altdorf bei Nuremberg, has
been globally successful for more than 60 years. E-T-A is the market leader in the design
and production of circuit protection solutions for a wide range of industries. Their
CAN-Bus based Multiplexing system, PowerPlex, sets the standard worldwide for reliability,
innovation and versatility. It is installed in demanding applications: work boats,
performance yachts and sailing yachts and special vehicles. For additional information
about E-T-A go to http://www.e-t-a.com [http://www.e-t-a.com ].
Victron Energy BV
CONTACT: For more information please contact: +31(0)36-5359700, mpranger@victronenergy.com. Our logo material and our press release records, including this press release, are available in other languages following the link below: http://www.victronenergy.com/information/press/
Mobile Fun Explores Possible Sale
Poster: SySAdmin
Posted on November 19, 2012 at 5:14:01 AM
Mobile Fun Explores Possible Sale
BIRMINGHAM, England, November 19, 2012 /PRNewswire/ --
Online retailer seeking new shareholders to boost growth plans
Mobile Fun, the leading online retailer for mobile device accessories has appointed
corporate finance firm Altium Capital to advise on a possible trade sale.
Founded in 2000, the independently-owned and award-winning online retailer is seeking
a buyer to support the Company in achieving its international expansion ambitions.
In the financial year ending 31st March 2012, Mobile Fun's total revenue exceeded
GBP10 million. For year ending 31st March 2013, the Company is on course to launch 20 new
countries and hit sales of GBP12+ million with a predicted EBITDA of GBP1.2 million.
Managing Director Mohammed Hussain aims to build the business to achieve GBP25 million
annual retail sales by 2017, with accelerated international expansion a central part of
his strategy.
Mohammed Hussain commented: "We typically receive several approaches a year from both
private equity and trade buyers in the UK and from overseas. We feel that the timing is
now right to find new shareholders for our growing and profitable online business. Our
sophisticated online retail platform, combined with expertise in international e-commerce
and mobile device accessories is unrivalled. Our website traffic is a testament to our
success - with a record 3.1 million visits in September 2012. With the right investment,
we will further strengthen our market position and be ready to grow exponentially in the
expanding smart devices market.
Mohammed continued: "During this process, it's business as usual at Mobile Fun as our
team is working on a record Christmas quarter. We're already experiencing increased sales,
following the release of the iPhone 5 and iPad Mini, as well as a number of other hero
tablets and smart phones."
Andy Clarke, from Altium Capital in Manchester, said: "Mobile Fun is a high growth
potential company operating in a very attractive market which has proved remarkably
resilient to the current economic conditions. As Mobile Fun presents a unique opportunity,
we anticipate initial discussions with potential new shareholders taking place before
Christmas. If a suitable party emerges, an agreement could be in place by early 2013."
Mobile Fun operates in an expanding sector, with analysts including ABI Research[1]
predicting that by 2017, smartphone accessories will grow to $38 billion in revenues,
while feature phone accessory revenues decline to $12 billion. As the UK's leading online
retailer of accessories for mobiles, smart phones, tablets and other mobile devices,
Mobile Fun offers over 6,500 products and ships to 50+ countries.
The retailer has a firm foothold in the UK through MobileFun.co.uk and complementary
brands including GearZap.com, GamingZap.com and LoveCases.co.uk.
Mobile Fun's strategy of launching dedicated localised websites with native language
speaking customer service is paying dividends, with international sales jumping by 161% in
the last financial year. Mobile Fun now has international presence in Australia, Austria,
Belgium, Canada, France, Germany, Hong Kong Ireland, India, Italy, the Netherlands, Spain,
and the USA. The retailer also operates offices in France, Germany, Spain and the USA.
1. http://www.abiresearch.com/press/smartphone-accessory-revenues-valued-at-20-billion
About Mobile Fun
Mobile Fun is the UK's leading Internet retailer offering a market leading range of
accessories for mobile phones, tablets and other mobile devices from its growing portfolio
of international websites.
With a product range of over 6,500 globally-sourced mobile accessories available on
its websites, Mobile Fun has successfully established a market-leading position within the
competitive mobile, smartphone and tablet sectors.
Mobile Fun was ranked as the UK's 7th 'Fastest Growing Technology Based Company' in
the Sunday Times 2006 Microsoft Tech Track 100, was awarded the 'Online Retailer of the
Year' title at the Mobile News Awards 2011 then again in 2012; won Best Online Business
(Consumer) at the ECMOD Awards 2012, the Online Retail Awards 2011 and 2012 'Computers and
Telecommunications' category and What Mobile's Best Accessory Retailer 2012.
About Altium Capital
Altium is an international investment banking and corporate finance advisory firm
offering the full range of services for public and private companies, private equity firms
and entrepreneurs, including mergers & acquisitions, private placement of debt and equity
capital, management buy-outs, structured financing and financial restructuring. Altium
employs over 120 corporate finance professionals in ten offices across eight countries.
For other information, contact: Andy Clarke at Altium Capital on +44(0)845-505-4343 or
http://www.altiumcapital.com
Mobile Fun and Altium Capital
CONTACT: For more media information, contact Ranbir Sahota at Vitis PR on +44(0)121-242-8048 or ranbir@vitispr.com
BIRMINGHAM, England, November 19, 2012 /PRNewswire/ --
Online retailer seeking new shareholders to boost growth plans
Mobile Fun, the leading online retailer for mobile device accessories has appointed
corporate finance firm Altium Capital to advise on a possible trade sale.
Founded in 2000, the independently-owned and award-winning online retailer is seeking
a buyer to support the Company in achieving its international expansion ambitions.
In the financial year ending 31st March 2012, Mobile Fun's total revenue exceeded
GBP10 million. For year ending 31st March 2013, the Company is on course to launch 20 new
countries and hit sales of GBP12+ million with a predicted EBITDA of GBP1.2 million.
Managing Director Mohammed Hussain aims to build the business to achieve GBP25 million
annual retail sales by 2017, with accelerated international expansion a central part of
his strategy.
Mohammed Hussain commented: "We typically receive several approaches a year from both
private equity and trade buyers in the UK and from overseas. We feel that the timing is
now right to find new shareholders for our growing and profitable online business. Our
sophisticated online retail platform, combined with expertise in international e-commerce
and mobile device accessories is unrivalled. Our website traffic is a testament to our
success - with a record 3.1 million visits in September 2012. With the right investment,
we will further strengthen our market position and be ready to grow exponentially in the
expanding smart devices market.
Mohammed continued: "During this process, it's business as usual at Mobile Fun as our
team is working on a record Christmas quarter. We're already experiencing increased sales,
following the release of the iPhone 5 and iPad Mini, as well as a number of other hero
tablets and smart phones."
Andy Clarke, from Altium Capital in Manchester, said: "Mobile Fun is a high growth
potential company operating in a very attractive market which has proved remarkably
resilient to the current economic conditions. As Mobile Fun presents a unique opportunity,
we anticipate initial discussions with potential new shareholders taking place before
Christmas. If a suitable party emerges, an agreement could be in place by early 2013."
Mobile Fun operates in an expanding sector, with analysts including ABI Research[1]
predicting that by 2017, smartphone accessories will grow to $38 billion in revenues,
while feature phone accessory revenues decline to $12 billion. As the UK's leading online
retailer of accessories for mobiles, smart phones, tablets and other mobile devices,
Mobile Fun offers over 6,500 products and ships to 50+ countries.
The retailer has a firm foothold in the UK through MobileFun.co.uk and complementary
brands including GearZap.com, GamingZap.com and LoveCases.co.uk.
Mobile Fun's strategy of launching dedicated localised websites with native language
speaking customer service is paying dividends, with international sales jumping by 161% in
the last financial year. Mobile Fun now has international presence in Australia, Austria,
Belgium, Canada, France, Germany, Hong Kong Ireland, India, Italy, the Netherlands, Spain,
and the USA. The retailer also operates offices in France, Germany, Spain and the USA.
1. http://www.abiresearch.com/press/smartphone-accessory-revenues-valued-at-20-billion
About Mobile Fun
Mobile Fun is the UK's leading Internet retailer offering a market leading range of
accessories for mobile phones, tablets and other mobile devices from its growing portfolio
of international websites.
With a product range of over 6,500 globally-sourced mobile accessories available on
its websites, Mobile Fun has successfully established a market-leading position within the
competitive mobile, smartphone and tablet sectors.
Mobile Fun was ranked as the UK's 7th 'Fastest Growing Technology Based Company' in
the Sunday Times 2006 Microsoft Tech Track 100, was awarded the 'Online Retailer of the
Year' title at the Mobile News Awards 2011 then again in 2012; won Best Online Business
(Consumer) at the ECMOD Awards 2012, the Online Retail Awards 2011 and 2012 'Computers and
Telecommunications' category and What Mobile's Best Accessory Retailer 2012.
About Altium Capital
Altium is an international investment banking and corporate finance advisory firm
offering the full range of services for public and private companies, private equity firms
and entrepreneurs, including mergers & acquisitions, private placement of debt and equity
capital, management buy-outs, structured financing and financial restructuring. Altium
employs over 120 corporate finance professionals in ten offices across eight countries.
For other information, contact: Andy Clarke at Altium Capital on +44(0)845-505-4343 or
http://www.altiumcapital.com
Mobile Fun and Altium Capital
CONTACT: For more media information, contact Ranbir Sahota at Vitis PR on +44(0)121-242-8048 or ranbir@vitispr.com
Infosys Launches "India in a Box" for Japanese Companies
Poster: SySAdmin
Posted on November 19, 2012 at 5:14:01 AM
Infosys Launches "India in a Box" for Japanese Companies
BANGALORE, India and TOKYO, November 19, 2012 /PRNewswire/ --
Expansion across India made simple; Japanese firms get robust IT
infrastructure in just eight weeks
Infosys, a global leader in consulting and technology, today announced the launch of a
new solution called "India in a Box" for its Japanese clients. The new solution is based
on industry-standard Microsoft Dynamics NAV. It enables Japanese companies to jumpstart
their business operations in India in a shorter time by moving to a robust IT
infrastructure in just eight weeks. The pre-packaged solution is tailor-made for the
unique Indian market, addressing issues such as local taxation and accounting.
Key functionalities of the solution tailored for specific requirements in India
include:
- Financial Management - To support the International Accounting Standards
Committee and complies with Indian GAAP (general accounting, account
receivable/payable, budget control, fixed asset management, period-end closing
operations).
- Supply Chain Management - To facilitate sales, purchasing, inventory,
warehouse management.
- Production Management- To track requirement planning and bill of materials,
manufacturing order creation, production planning and processes and scheduling.
- Service, Resource, & Project Management- To maintain service contracts and
track project costs, milestones and budget utilization.
- Employee Management - To maintain comprehensive employee details including
master employee list, skill sets and attendance.
- Customer Management - To collate customer information, payment and delivery
terms
Tomoyuki Nakanishi, Group Senior Manager, Dynamics Product Group, Microsoft Japan,
said: "Japanese firms are looking to grow in India, which is why 'India in a Box' is such
a valuable resource. What used to take years - learning how to navigate the
often-complicated Indian marketplace - now takes a matter of weeks. Japanese companies can
use this innovative Infosys product as their all-in-one business solution."
V. Sriram, Head of Japan, Infosys Ltd., said: "With this new solution Infosys has
tried to address one of the biggest issues facing Japanese companies entering the Indian
market: The sometimes rocky interface between a new location and Tokyo headquarters. With
'India in a Box,' firms can easily establish the interface with the Enterprise Resource
Planning in the home office. Executives in Tokyo can manage the sales and production of
their Indian operations on a daily basis without a hitch. 'India in a Box' is all about
improving real time decision-making and governance."
Infosys set up its Japan operations in 1997. Today it has offices in Tokyo and Nagoya
with more than 200 employees. For more information log on to http://www.infosys.com/jp
About Infosys
Infosys partners with global enterprises to drive their innovation-led growth. That's
why Forbes ranked Infosys 19th among the top 100 most innovative companies. As a leading
provider of next-generation consulting, technology, and outsourcing solutions, Infosys
helps clients in more than 30 countries realize their goals. Visit http://www.infosys.com
[http://isinfwp1/pages/index.aspx ] and see how Infosys (NASDAQ: INFY), with its 150,000+
people, is Building Tomorrow's Enterprise(R) today.
Safe Harbor
Certain statements in this release concerning our future growth prospects are
forward-looking statements, which involve a number of risks and uncertainties that could
cause actual results to differ materially from those in such forward-looking statements.
The risks and uncertainties relating to these statements include, but are not limited to,
risks and uncertainties regarding fluctuations in earnings, fluctuations in foreign
exchange rates, our ability to manage growth, intense competition in IT services including
those factors which may affect our cost advantage, wage increases in India, our ability to
attract and retain highly skilled professionals, time and cost overruns on fixed-price,
fixed-time frame contracts, client concentration, restrictions on immigration, industry
segment concentration, our ability to manage our international operations, reduced demand
for technology in our key focus areas, disruptions in telecommunication networks or system
failures, our ability to successfully complete and integrate potential acquisitions,
liability for damages on our service contracts, the success of the companies in which
Infosys has made strategic investments, withdrawal or expiration of governmental fiscal
incentives, political instability and regional conflicts, legal restrictions on raising
capital or acquiring companies outside India, and unauthorized use of our intellectual
property and general economic conditions affecting our industry. Additional risks that
could affect our future operating results are more fully described in our United States
Securities and Exchange Commission filings including our Annual Report on Form 20-F for
the fiscal year ended March 31, 2012 and on Form 6-K for the quarters ended December 31,
2011,June 30, 2012 and September 30, 2012.These filings are available at
http://www.sec.gov [http://isinfwp1/Links/redirectlink.aspx?id=sec-gov.aspx ]. Infosys
may, from time to time, make additional written and oral forward-looking statements,
including statements contained in the company's filings with the Securities and Exchange
Commission and our reports to shareholders. The company does not undertake to update any
forward-looking statements that may be made from time to time by or on behalf of the
company.
Infosys Ltd
CONTACT: Contact: Marketing Manager, Jo Ando, Phone: +81-03(5545)3251, Jo_ando@infosys.com
BANGALORE, India and TOKYO, November 19, 2012 /PRNewswire/ --
Expansion across India made simple; Japanese firms get robust IT
infrastructure in just eight weeks
Infosys, a global leader in consulting and technology, today announced the launch of a
new solution called "India in a Box" for its Japanese clients. The new solution is based
on industry-standard Microsoft Dynamics NAV. It enables Japanese companies to jumpstart
their business operations in India in a shorter time by moving to a robust IT
infrastructure in just eight weeks. The pre-packaged solution is tailor-made for the
unique Indian market, addressing issues such as local taxation and accounting.
Key functionalities of the solution tailored for specific requirements in India
include:
- Financial Management - To support the International Accounting Standards
Committee and complies with Indian GAAP (general accounting, account
receivable/payable, budget control, fixed asset management, period-end closing
operations).
- Supply Chain Management - To facilitate sales, purchasing, inventory,
warehouse management.
- Production Management- To track requirement planning and bill of materials,
manufacturing order creation, production planning and processes and scheduling.
- Service, Resource, & Project Management- To maintain service contracts and
track project costs, milestones and budget utilization.
- Employee Management - To maintain comprehensive employee details including
master employee list, skill sets and attendance.
- Customer Management - To collate customer information, payment and delivery
terms
Tomoyuki Nakanishi, Group Senior Manager, Dynamics Product Group, Microsoft Japan,
said: "Japanese firms are looking to grow in India, which is why 'India in a Box' is such
a valuable resource. What used to take years - learning how to navigate the
often-complicated Indian marketplace - now takes a matter of weeks. Japanese companies can
use this innovative Infosys product as their all-in-one business solution."
V. Sriram, Head of Japan, Infosys Ltd., said: "With this new solution Infosys has
tried to address one of the biggest issues facing Japanese companies entering the Indian
market: The sometimes rocky interface between a new location and Tokyo headquarters. With
'India in a Box,' firms can easily establish the interface with the Enterprise Resource
Planning in the home office. Executives in Tokyo can manage the sales and production of
their Indian operations on a daily basis without a hitch. 'India in a Box' is all about
improving real time decision-making and governance."
Infosys set up its Japan operations in 1997. Today it has offices in Tokyo and Nagoya
with more than 200 employees. For more information log on to http://www.infosys.com/jp
About Infosys
Infosys partners with global enterprises to drive their innovation-led growth. That's
why Forbes ranked Infosys 19th among the top 100 most innovative companies. As a leading
provider of next-generation consulting, technology, and outsourcing solutions, Infosys
helps clients in more than 30 countries realize their goals. Visit http://www.infosys.com
[http://isinfwp1/pages/index.aspx ] and see how Infosys (NASDAQ: INFY), with its 150,000+
people, is Building Tomorrow's Enterprise(R) today.
Safe Harbor
Certain statements in this release concerning our future growth prospects are
forward-looking statements, which involve a number of risks and uncertainties that could
cause actual results to differ materially from those in such forward-looking statements.
The risks and uncertainties relating to these statements include, but are not limited to,
risks and uncertainties regarding fluctuations in earnings, fluctuations in foreign
exchange rates, our ability to manage growth, intense competition in IT services including
those factors which may affect our cost advantage, wage increases in India, our ability to
attract and retain highly skilled professionals, time and cost overruns on fixed-price,
fixed-time frame contracts, client concentration, restrictions on immigration, industry
segment concentration, our ability to manage our international operations, reduced demand
for technology in our key focus areas, disruptions in telecommunication networks or system
failures, our ability to successfully complete and integrate potential acquisitions,
liability for damages on our service contracts, the success of the companies in which
Infosys has made strategic investments, withdrawal or expiration of governmental fiscal
incentives, political instability and regional conflicts, legal restrictions on raising
capital or acquiring companies outside India, and unauthorized use of our intellectual
property and general economic conditions affecting our industry. Additional risks that
could affect our future operating results are more fully described in our United States
Securities and Exchange Commission filings including our Annual Report on Form 20-F for
the fiscal year ended March 31, 2012 and on Form 6-K for the quarters ended December 31,
2011,June 30, 2012 and September 30, 2012.These filings are available at
http://www.sec.gov [http://isinfwp1/Links/redirectlink.aspx?id=sec-gov.aspx ]. Infosys
may, from time to time, make additional written and oral forward-looking statements,
including statements contained in the company's filings with the Securities and Exchange
Commission and our reports to shareholders. The company does not undertake to update any
forward-looking statements that may be made from time to time by or on behalf of the
company.
Infosys Ltd
CONTACT: Contact: Marketing Manager, Jo Ando, Phone: +81-03(5545)3251, Jo_ando@infosys.com
E-T-A and Victron announce new interface for PowerPlex
Poster: SySAdmin
Posted on November 19, 2012 at 4:35:01 AM
E-T-A and Victron announce new interface for PowerPlex
ALMERE, The Netherlands, November 19, 2012 /PRNewswire/ --
E-T-A and Victron announce a new Victron interface for E-T-A PowerPlex. With
PowerPlex, users can easily control electrical equipment on a boat or special vehicle.
Thanks to this new interface, it is now possible to control a Victron MultiPlus or Quattro
inverter/battery charger and other Victron products with PowerPlex.
E-T-A PowerPlex
E-T-A is specialized in the design and development of circuit breakers for the
protection of electrical equipment. They have also developed their own CAN-bus
multiplexing system: PowerPlex. PowerPlex is an electrical distribution system with which
equipment on-board boats and special vehicles is protected and can be operated. PowerPlex
is an open system which can be configured on any PC/Laptop operating under Windows.
E-T-A PowerPlex Touch PC
E-T-A's PowerPlex Touch PC display is a component of their PowerPlex CAN-bus system.
Using this Touch PC, users can operate the equipment connected to the PowerPlex. The new
interface allows control of the following Victron equipment:
- MultiPlus or Quattro inverter/battery charger
- Lithium-ion 24V 180Ah Battery system
- BMV battery monitor
- Lynx Shunt Canbus
- Skylla-i
NMEA 2000
The communication between E-T-A's PowerPlex and Victron equipment occurs via the NMEA
2000-network. This is an open CAN-bus network in which equipment from different
manufacturers can communicate with each other.
The new interface for the PowerPlex Touch PC falls in line with Victron's open network
philosophy: a perfect network in which all components can work together; independent of
supplier.
Profile Victron Energy
Electrical power specialist Victron continually develops new solutions for energy use
in diverse situations. Victron Energy is a respected supplier of independent
'off-grid'-installations for the following sectors: Marine, Industrial, Vehicles, Off-grid
and revalidation. The product range comprises sine inverters, sine chargers/inverters,
battery chargers, DC/DC inverters, switching cabinets, the intelligent Battery Monitor and
more. Victron Energy has an enviable reputation in technical innovation, reliability and
sustainability. The products are recognized worldwide as the professional choice for
independent electrical energy supply. For additional information about Victron Energy go
to http://www.victronenergy.com [http://www.victronenergy.com ].
Profile E-T-A
E-T-A Elektrotechnische Apparate GmbH, headquartered in Altdorf bei Nuremberg, has
been globally successful for more than 60 years. E-T-A is the market leader in the design
and production of circuit protection solutions for a wide range of industries. Their
CAN-Bus based Multiplexing system, PowerPlex, sets the standard worldwide for reliability,
innovation and versatility. It is installed in demanding applications: work boats,
performance yachts and sailing yachts and special vehicles. For additional information
about E-T-A go to http://www.e-t-a.com [http://www.e-t-a.com ].
Victron Energy BV
CONTACT: For more information please contact: +31(0)36-5359700, mpranger@victronenergy.com. Our logo material and our press release records, including this press release, are available in other languages following the link below: http://www.victronenergy.com/information/press/
ALMERE, The Netherlands, November 19, 2012 /PRNewswire/ --
E-T-A and Victron announce a new Victron interface for E-T-A PowerPlex. With
PowerPlex, users can easily control electrical equipment on a boat or special vehicle.
Thanks to this new interface, it is now possible to control a Victron MultiPlus or Quattro
inverter/battery charger and other Victron products with PowerPlex.
E-T-A PowerPlex
E-T-A is specialized in the design and development of circuit breakers for the
protection of electrical equipment. They have also developed their own CAN-bus
multiplexing system: PowerPlex. PowerPlex is an electrical distribution system with which
equipment on-board boats and special vehicles is protected and can be operated. PowerPlex
is an open system which can be configured on any PC/Laptop operating under Windows.
E-T-A PowerPlex Touch PC
E-T-A's PowerPlex Touch PC display is a component of their PowerPlex CAN-bus system.
Using this Touch PC, users can operate the equipment connected to the PowerPlex. The new
interface allows control of the following Victron equipment:
- MultiPlus or Quattro inverter/battery charger
- Lithium-ion 24V 180Ah Battery system
- BMV battery monitor
- Lynx Shunt Canbus
- Skylla-i
NMEA 2000
The communication between E-T-A's PowerPlex and Victron equipment occurs via the NMEA
2000-network. This is an open CAN-bus network in which equipment from different
manufacturers can communicate with each other.
The new interface for the PowerPlex Touch PC falls in line with Victron's open network
philosophy: a perfect network in which all components can work together; independent of
supplier.
Profile Victron Energy
Electrical power specialist Victron continually develops new solutions for energy use
in diverse situations. Victron Energy is a respected supplier of independent
'off-grid'-installations for the following sectors: Marine, Industrial, Vehicles, Off-grid
and revalidation. The product range comprises sine inverters, sine chargers/inverters,
battery chargers, DC/DC inverters, switching cabinets, the intelligent Battery Monitor and
more. Victron Energy has an enviable reputation in technical innovation, reliability and
sustainability. The products are recognized worldwide as the professional choice for
independent electrical energy supply. For additional information about Victron Energy go
to http://www.victronenergy.com [http://www.victronenergy.com ].
Profile E-T-A
E-T-A Elektrotechnische Apparate GmbH, headquartered in Altdorf bei Nuremberg, has
been globally successful for more than 60 years. E-T-A is the market leader in the design
and production of circuit protection solutions for a wide range of industries. Their
CAN-Bus based Multiplexing system, PowerPlex, sets the standard worldwide for reliability,
innovation and versatility. It is installed in demanding applications: work boats,
performance yachts and sailing yachts and special vehicles. For additional information
about E-T-A go to http://www.e-t-a.com [http://www.e-t-a.com ].
Victron Energy BV
CONTACT: For more information please contact: +31(0)36-5359700, mpranger@victronenergy.com. Our logo material and our press release records, including this press release, are available in other languages following the link below: http://www.victronenergy.com/information/press/
Robin Hood Bingo Goes Mobile!
Poster: SySAdmin
Posted on November 19, 2012 at 4:14:01 AM
Robin Hood Bingo Goes Mobile!
LONDON, November 19, 2012 /PRNewswire/ --
Robin Hood Bingo has gone Mobile! Online bingo hero Robin Hood Bingo has another
"golden coin" to boast about, with the launch of their mobile bingo
[http://www.robinhoodbingo.com/skin/mobile.php ] slots for players on-the-go.
The free online bingo site known for their "you play, we give away" bingo and slots
games now offers players a stellar line-up of seven instant games they can play on their
IOS and Android devices.
Players can enjoy instant games favourites like Disco Dollar, Gold Rush and Poseidon's
Kingdom, each featuring bonus rounds and free spins to win real cash jackpots. Five
additional games will be added to the seven games currently on offer.
Since the site's successful launch in January 2012, Robin Hood Bingo has earned a
solid reputation in the online bingo industry thanks to their 'generosity' platform -
loads of free-no deposit bingo, easily-earned loyalty coins and up to GBP2,500 worth of
free daily jackpots.
Robin Hood Bingo gives players free bingo no deposit required, up to four days after
registration. Players who fund their account with GBP10 get GBP25 free play, plus access
to even more free bingo rooms.
In July Robin Hood Bingo launched their weekly Kachinga! bonus game, rewarding players
who top up their accounts with up to 1,000,000 guaranteed loyalty coins, redeemable for
bingo cash.
This month Robin Hood Bingo is especially generous with their Everyone's a Winner
promotion, featuring three different ways for players to nab the guaranteed jackpot...even
if they don't win! An extra jackpot game gives 1TG players in all rooms 10% of the total
jackpot.
Robin Hood Bingo's success is matched only by its ever-expanding fanbase. Currently
the brand has the fastest-growing Facebook fan page for a UK bingo site, with over 15,000
likes and counting.
Now fans of Robin Hood Bingo can enjoy the best slot and instant games right on their
smart devices, with the chance to win mega jackpots from everyone's favourite "merry
mobile slots" online gaming brand...Robin Hood Bingo!
United Bingo and Robin Hood Bingo
Robin Hood bingo is part of United Bingo's signature bingo sites, including Moon
Bingo, Gossip Bingo, Polo Bingo, Glorious Bingo, Spectra Bingo and others.
The Dragonfish-powered Robin Hood Bingo is licensed and regulated to offer online
gaming services under the laws of Gibraltar through Cassava Enterprises (Gibraltar).
Contact: Lauren Meir, Marcom Manager, +972-3-751-0033, Lauren.m@netboostmedia.com
Netboost Media
LONDON, November 19, 2012 /PRNewswire/ --
Robin Hood Bingo has gone Mobile! Online bingo hero Robin Hood Bingo has another
"golden coin" to boast about, with the launch of their mobile bingo
[http://www.robinhoodbingo.com/skin/mobile.php ] slots for players on-the-go.
The free online bingo site known for their "you play, we give away" bingo and slots
games now offers players a stellar line-up of seven instant games they can play on their
IOS and Android devices.
Players can enjoy instant games favourites like Disco Dollar, Gold Rush and Poseidon's
Kingdom, each featuring bonus rounds and free spins to win real cash jackpots. Five
additional games will be added to the seven games currently on offer.
Since the site's successful launch in January 2012, Robin Hood Bingo has earned a
solid reputation in the online bingo industry thanks to their 'generosity' platform -
loads of free-no deposit bingo, easily-earned loyalty coins and up to GBP2,500 worth of
free daily jackpots.
Robin Hood Bingo gives players free bingo no deposit required, up to four days after
registration. Players who fund their account with GBP10 get GBP25 free play, plus access
to even more free bingo rooms.
In July Robin Hood Bingo launched their weekly Kachinga! bonus game, rewarding players
who top up their accounts with up to 1,000,000 guaranteed loyalty coins, redeemable for
bingo cash.
This month Robin Hood Bingo is especially generous with their Everyone's a Winner
promotion, featuring three different ways for players to nab the guaranteed jackpot...even
if they don't win! An extra jackpot game gives 1TG players in all rooms 10% of the total
jackpot.
Robin Hood Bingo's success is matched only by its ever-expanding fanbase. Currently
the brand has the fastest-growing Facebook fan page for a UK bingo site, with over 15,000
likes and counting.
Now fans of Robin Hood Bingo can enjoy the best slot and instant games right on their
smart devices, with the chance to win mega jackpots from everyone's favourite "merry
mobile slots" online gaming brand...Robin Hood Bingo!
United Bingo and Robin Hood Bingo
Robin Hood bingo is part of United Bingo's signature bingo sites, including Moon
Bingo, Gossip Bingo, Polo Bingo, Glorious Bingo, Spectra Bingo and others.
The Dragonfish-powered Robin Hood Bingo is licensed and regulated to offer online
gaming services under the laws of Gibraltar through Cassava Enterprises (Gibraltar).
Contact: Lauren Meir, Marcom Manager, +972-3-751-0033, Lauren.m@netboostmedia.com
Netboost Media
Bitauto Announces Closing of Strategic Investment from AutoTrader Group and Appointment of New Director
Poster: SySAdmin
Posted on November 19, 2012 at 4:07:01 AM
Bitauto Announces Closing of Strategic Investment from AutoTrader Group and Appointment of New Director
BEIJING, Nov. 19, 2012 /PRNewswire-FirstCall/ -- Bitauto Holdings Limited ("Bitauto" or the "Company") (NYSE: BITA), a leading provider of Internet content and marketing services for China's fast-growing automotive industry, today announced that the previously announced private transaction between certain existing pre-IPO shareholders and AutoTrader Group, Inc., operator of the largest digital automotive marketplace in the United States, as well as Bitauto's senior management team, was consummated on November 17, 2012. Upon the consummation of the transaction, AutoTrader Group beneficially owns an approximately 21.8% stake in the Company. Concurrently, certain members of Bitauto's senior management team increased their ownership through the purchase of an approximately 2.4% stake in the Company.
In connection with the consummation of the transaction, the Company appointed Mr. Dallas S. Clement, the executive vice president and chief financial officer of AutoTrader Group, to its Board of Directors, effective November 17, 2012. Meanwhile, Ms. Rong Lu has resigned from the Company's Board of Directors, effective November 17, 2012.
"We are very pleased to welcome Dallas to Bitauto's Board of Directors," commented Mr. William Bin Li, chairman and chief executive officer of Bitauto. "With his experience in the strategic operations of the largest digital automotive marketplace in the United States, Dallas brings to Bitauto a deep understanding of the new and used car online marketplace as well as software solutions for automotive dealers. This is an exciting step forward in support of the strategic investment that AutoTrader Group has made in Bitauto. I would also like to sincerely thank Ms. Rong Lu for her tremendous support and the experience she has brought to Bitauto over the years as a Board Director."
"I am delighted to join Bitauto's Board of Directors," commented Mr. Clement. "I look forward to working with the Bitauto team to help Bitauto continue to grow in China's rapidly emerging automotive industry."
Mr. Clement has served as the chief financial officer of AutoTrader Group since February 2011. Previously, he served in several leadership positions spanning 20 years at Cox Communications. Most recently, he led Cox's strategy and product management organizations. In the strategy role, he led strategic change and developed the company' long-term planning process. Mr. Clement received his Bachelor of Arts degree in applied mathematics and economics from Harvard College and holds a Master of Science in engineering-economic systems from Stanford University.
About Bitauto Holdings Limited
Bitauto Holdings Limited (NYSE: BITA) is a leading provider of Internet content and marketing services for China's fast-growing automotive industry. The Company's bitauto.com and taoche.com (formerly ucar.cn) websites provide consumers with up-to-date new and used automobile pricing information, specifications, reviews and consumer feedback. The Company also distributes its dealer customers' automobile pricing and promotional information through its partner websites, including major portals and search engines operated by Baidu, Tencent, and Netease, as well as social networking websites.
Bitauto manages its businesses in three segments, namely bitauto.com business, taoche.com business and digital marketing solutions business. The Company's bitauto.com business provides subscription services to new automobile dealers that enable them to list pricing and promotional information on the Company's bitauto.com website as well as partner websites and search engines. The Company also provides advertising services to dealers and automakers on its bitauto.com website. The Company's taoche.com business provides listing services to used automobile dealers that enable them to display used automobile inventory information on the Company's taoche.com website and partner websites. The Company also provides advertising services to used automobile dealers and automakers with certified pre-owned automobile programs on its taoche.com website. The Company's digital marketing solutions business provides automakers with one-stop digital marketing solutions, including website creation and maintenance, online public relations, online marketing campaigns and advertising agent services.
For more information, please visit ir.bitauto.com.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Forward-looking statements involve inherent risks and uncertainties. Bitauto does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law. All information provided in this press release is as of the date of this press release, and Bitauto undertakes no duty to update such information, except as required under applicable law.
For investor and media inquiries, please contact:
China
IR Department
Bitauto Holdings Limited
Tel: +86-10-6849-2145
ir@bitauto.com
Rachael Layfield
Brunswick Group LLP
Tel: +86-10-5960-8600
bitauto@brunswickgroup.com
San Francisco
Stephanie Heise
Brunswick Group LLP
Tel: +1-415-671-7676
bitauto@brunswickgroup.com
SOURCE Bitauto Holdings Limited
Bitauto Holdings Limited
Web Site: http://ir.bitauto.com
BEIJING, Nov. 19, 2012 /PRNewswire-FirstCall/ -- Bitauto Holdings Limited ("Bitauto" or the "Company") (NYSE: BITA), a leading provider of Internet content and marketing services for China's fast-growing automotive industry, today announced that the previously announced private transaction between certain existing pre-IPO shareholders and AutoTrader Group, Inc., operator of the largest digital automotive marketplace in the United States, as well as Bitauto's senior management team, was consummated on November 17, 2012. Upon the consummation of the transaction, AutoTrader Group beneficially owns an approximately 21.8% stake in the Company. Concurrently, certain members of Bitauto's senior management team increased their ownership through the purchase of an approximately 2.4% stake in the Company.
In connection with the consummation of the transaction, the Company appointed Mr. Dallas S. Clement, the executive vice president and chief financial officer of AutoTrader Group, to its Board of Directors, effective November 17, 2012. Meanwhile, Ms. Rong Lu has resigned from the Company's Board of Directors, effective November 17, 2012.
"We are very pleased to welcome Dallas to Bitauto's Board of Directors," commented Mr. William Bin Li, chairman and chief executive officer of Bitauto. "With his experience in the strategic operations of the largest digital automotive marketplace in the United States, Dallas brings to Bitauto a deep understanding of the new and used car online marketplace as well as software solutions for automotive dealers. This is an exciting step forward in support of the strategic investment that AutoTrader Group has made in Bitauto. I would also like to sincerely thank Ms. Rong Lu for her tremendous support and the experience she has brought to Bitauto over the years as a Board Director."
"I am delighted to join Bitauto's Board of Directors," commented Mr. Clement. "I look forward to working with the Bitauto team to help Bitauto continue to grow in China's rapidly emerging automotive industry."
Mr. Clement has served as the chief financial officer of AutoTrader Group since February 2011. Previously, he served in several leadership positions spanning 20 years at Cox Communications. Most recently, he led Cox's strategy and product management organizations. In the strategy role, he led strategic change and developed the company' long-term planning process. Mr. Clement received his Bachelor of Arts degree in applied mathematics and economics from Harvard College and holds a Master of Science in engineering-economic systems from Stanford University.
About Bitauto Holdings Limited
Bitauto Holdings Limited (NYSE: BITA) is a leading provider of Internet content and marketing services for China's fast-growing automotive industry. The Company's bitauto.com and taoche.com (formerly ucar.cn) websites provide consumers with up-to-date new and used automobile pricing information, specifications, reviews and consumer feedback. The Company also distributes its dealer customers' automobile pricing and promotional information through its partner websites, including major portals and search engines operated by Baidu, Tencent, and Netease, as well as social networking websites.
Bitauto manages its businesses in three segments, namely bitauto.com business, taoche.com business and digital marketing solutions business. The Company's bitauto.com business provides subscription services to new automobile dealers that enable them to list pricing and promotional information on the Company's bitauto.com website as well as partner websites and search engines. The Company also provides advertising services to dealers and automakers on its bitauto.com website. The Company's taoche.com business provides listing services to used automobile dealers that enable them to display used automobile inventory information on the Company's taoche.com website and partner websites. The Company also provides advertising services to used automobile dealers and automakers with certified pre-owned automobile programs on its taoche.com website. The Company's digital marketing solutions business provides automakers with one-stop digital marketing solutions, including website creation and maintenance, online public relations, online marketing campaigns and advertising agent services.
For more information, please visit ir.bitauto.com.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Forward-looking statements involve inherent risks and uncertainties. Bitauto does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law. All information provided in this press release is as of the date of this press release, and Bitauto undertakes no duty to update such information, except as required under applicable law.
For investor and media inquiries, please contact:
China
IR Department
Bitauto Holdings Limited
Tel: +86-10-6849-2145
ir@bitauto.com
Rachael Layfield
Brunswick Group LLP
Tel: +86-10-5960-8600
bitauto@brunswickgroup.com
San Francisco
Stephanie Heise
Brunswick Group LLP
Tel: +1-415-671-7676
bitauto@brunswickgroup.com
SOURCE Bitauto Holdings Limited
Bitauto Holdings Limited
Web Site: http://ir.bitauto.com
IGT's leading brands and top performing games go mobile
Poster: SySAdmin
Posted on November 19, 2012 at 4:07:01 AM
IGT's leading brands and top performing games go mobile
Elvis® A Little More Action, Wolf Run(TM) and Kitty Glitter(TM) optimized for the industry's fastest growing sector and available through IGT rgs® Casino series.
LONDON, Nov. 19, 2012 /PRNewswire/ -- International Game Technology (NYSE: IGT), a global leader in casino gaming entertainment and systems technology, today announced a major strengthening of its mobile offering with the release of Elvis® A Little More Action, Wolf Run(TM) and Kitty Glitter(TM).
Ready to play on iOS and Android smartphone and tablet devices, all three titles are available via the IGT rgs® (remote game server). Each supports portrait and landscape orientation. Each game also amps the excitement with its own unique audio.
Elvis® A Little More Action, which features audio from one of the king's most recognizable hits, A Little Less Conversation, is a 50-payline slot game with Stacked Wilds(TM) and super-rich reels in the Free Spins Bonus(TM), where up to 255 free spins can be triggered.
IGT classics Wolf Run(TM) and Kitty Glitter(TM) bring two of the company's all-time best performers to handheld devices. Wolf Run(TM) is a 40-payline slot game with Stacked Wilds(TM) and a Free Spins Bonus(TM). Kitty Glitter(TM) features 30 paylines and a Free Spins Bonus(TM) where all four cat symbols can become wild.
"The size of the mobile market is expanding by the day and a selection of superior branded content and consistently high performing games helps make IGT a driving force behind this growth," said Leigh Nissim, IGT commercial director of Interactive. "Choosing the right casino game supplier in the world of mobile gaming is crucial - our experience, expertise and compliance record at IGT is second to none."
IGT Resources:
-- Like us on Facebook
-- Like DoubleDown Casino on Facebook
-- Follow us on Twitter
-- View IGT's YouTube Channel
-- Play DoubleDown Casino games
-- Check out our other games and systems
About IGT
International Game Technology (NYSE: IGT) is a global leader in casino gaming entertainment and continues to transform the industry by translating casino player experiences to social, mobile and interactive environments for regulated markets around the world. IGT's recent acquisition of DoubleDown Interactive provides engaging casino style entertainment to more than 5 million players monthly. More information about IGT is available at http://www.IGT.com or connect with IGT at @IGTNews or http://www.facebook.com/IGT. Anyone can play at the DoubleDown Casino by visiting http://apps.facebook.com/doubledowncasino or http://www.doubledowncasino.com.
© EPE, Reg. U.S. Pat & TM Off.
Kitty Glitter and Wolf Run are trademarks or registered trademarks of IGT and/or its subsidiaries in the U.S. and/or other countries, and are used with permission.
SOURCE IGT
IGT
CONTACT: Shanna Sabet, IGT Public Relations, +1-702-669-7537, Shanna.Sabet@IGT.com
Web Site: http://www.igt.com
Elvis® A Little More Action, Wolf Run(TM) and Kitty Glitter(TM) optimized for the industry's fastest growing sector and available through IGT rgs® Casino series.
LONDON, Nov. 19, 2012 /PRNewswire/ -- International Game Technology (NYSE: IGT), a global leader in casino gaming entertainment and systems technology, today announced a major strengthening of its mobile offering with the release of Elvis® A Little More Action, Wolf Run(TM) and Kitty Glitter(TM).
Ready to play on iOS and Android smartphone and tablet devices, all three titles are available via the IGT rgs® (remote game server). Each supports portrait and landscape orientation. Each game also amps the excitement with its own unique audio.
Elvis® A Little More Action, which features audio from one of the king's most recognizable hits, A Little Less Conversation, is a 50-payline slot game with Stacked Wilds(TM) and super-rich reels in the Free Spins Bonus(TM), where up to 255 free spins can be triggered.
IGT classics Wolf Run(TM) and Kitty Glitter(TM) bring two of the company's all-time best performers to handheld devices. Wolf Run(TM) is a 40-payline slot game with Stacked Wilds(TM) and a Free Spins Bonus(TM). Kitty Glitter(TM) features 30 paylines and a Free Spins Bonus(TM) where all four cat symbols can become wild.
"The size of the mobile market is expanding by the day and a selection of superior branded content and consistently high performing games helps make IGT a driving force behind this growth," said Leigh Nissim, IGT commercial director of Interactive. "Choosing the right casino game supplier in the world of mobile gaming is crucial - our experience, expertise and compliance record at IGT is second to none."
IGT Resources:
-- Like us on Facebook
-- Like DoubleDown Casino on Facebook
-- Follow us on Twitter
-- View IGT's YouTube Channel
-- Play DoubleDown Casino games
-- Check out our other games and systems
About IGT
International Game Technology (NYSE: IGT) is a global leader in casino gaming entertainment and continues to transform the industry by translating casino player experiences to social, mobile and interactive environments for regulated markets around the world. IGT's recent acquisition of DoubleDown Interactive provides engaging casino style entertainment to more than 5 million players monthly. More information about IGT is available at http://www.IGT.com or connect with IGT at @IGTNews or http://www.facebook.com/IGT. Anyone can play at the DoubleDown Casino by visiting http://apps.facebook.com/doubledowncasino or http://www.doubledowncasino.com.
© EPE, Reg. U.S. Pat & TM Off.
Kitty Glitter and Wolf Run are trademarks or registered trademarks of IGT and/or its subsidiaries in the U.S. and/or other countries, and are used with permission.
SOURCE IGT
IGT
CONTACT: Shanna Sabet, IGT Public Relations, +1-702-669-7537, Shanna.Sabet@IGT.com
Web Site: http://www.igt.com
Mindjet Re-envisions Mobile for Professionals Who Manage Teams and Projects On-the-Go
Poster: SySAdmin
Posted on November 19, 2012 at 3:14:01 AM
Mindjet Re-envisions Mobile for Professionals Who Manage Teams and Projects On-the-Go
LONDON, November 19, 2012 /PRNewswire/ --
Mindjet 'Tasks' app combines elegant user experience with powerful features
to unite mobile teams around critical work
Mindjet(R) today announced the availability of their purpose-built app for mobile team
and project management, Mindjet Tasks. The redesigned app has been completely reconfigured
so that professionals can, with a swipe of a finger, manage team projects and tasks, at
any time and from any location. The app is immediately available on iTunes(R)
[https://itunes.apple.com/us/app/mindjet-action/id514146535?ls=1&mt=8 ] and will be
updated for iPad(R) and Android(TM) devices later in Q4.
The age of BYOD (Bring Your Own Device) is here: Nine out of 10 workers carry a smart
phone at work(1), and 80 percent continue to work after leaving the office(2).
Increasingly, these team-centric workers have been accessing mobile devices to check in on
projects and email, whether they were in meetings or on the road. Yet, effective team
communications and project management have been missing.
With more teams working virtually, increased coordination and real time updates are
critical to keep activities on track - whether its managing marketing campaigns,
recruiting new hires or planning project launches. Mindjet Tasks empowers the distributed
workforce with a mobile hub to manage projects, tasks, and teams in an easy-to-use and
intuitive interface. With Mindjet mobile teams can now innovate and execute on their best
ideas, together, from their smart phones.
"Our research shows that most organisations are concerned about meeting the evolving
needs of inherently mobile roles, such as sales and field service," said Chris Silva, an
analyst with Altimeter Group. "These groups have distinct needs around not just consuming
information on devices, but also creating and sharing information. The companies that
deliver upon these productivity needs stand to capture a broad, dedicated user base."
With the latest release, Mindjet advances its popular mobile app, overhauling the user
experience and adding features such as:
- Mobile team and project modules that enable project and team management
from the mobile device
- Instinctual gesture controls for easy updates, task tracking, comments and
team management
- Ability to share information and plans, assign priorities and track tasks with
multiple team members regardless of location
- Real-time updates on documents, progress and plans, including team comments
- Patent pending auto-prioritisation of tasks to keep you and your team on the
right track
- Instant connection with Mindjet web and desktop to update or add to your
latest ideas and plans
"Mindjet Tasks does for teams what Clear and Any.Do do for the individual. It combines
elegance and efficiency to bring people and plans together, meeting the evolving work
needs of the always-on-the-go mobile professional," said Mindjet CMO Jascha Kaykas-Wolff.
With Mindjet, professionals can be more productive, creative and organized to quite
simply, work inspired."
To download a free copy of the new Mindjet app with Tasks go to iTunes. To learn more
about Mindjet Tasks go to http://www.mindjet.com/mobile.
Sources:
1. SAP Enterprise Mobility Survey (http://www.slideshare.net/sap/mobility-12788540
)
2. Good Technology (
http://www1.good.com/news/press-releases/current-press-releases/161009045.html).
About Mindjet
Mindjet helps people generate better ideas and work smarter through software that aids
brainstorming, the organisation of plans and the management of projects - anytime,
anywhere. Our interactive environment uses a visual framework to keep teams on point, on
task, on time. Not surprisingly, 83 of the global Fortune 100(TM) companies use Mindjet to
get work done. Find out why.
Mindjet. Work Inspired(TM).
Mindjet and Work Inspired are trademarks and registered trademarks of Mindjet, in the
U.S. and other countries. iPad and iTunes are trademarks of Apple Inc., registered in the
U.S. and other countries. SharePoint is a registered trademark of Microsoft, Inc. Android
is a trademark of Google, Inc. FORTUNE 100 is a trademark of the FORTUNE magazine division
of Time Inc. Clear, Any.Do and other product and company names may be trademarks of their
respective owners.
Mindjet
CONTACT: For more information please contact: Katie Buckett/Sarah Ryan, Mindjet@brands2life.com, +44(0)20-7592-1200
LONDON, November 19, 2012 /PRNewswire/ --
Mindjet 'Tasks' app combines elegant user experience with powerful features
to unite mobile teams around critical work
Mindjet(R) today announced the availability of their purpose-built app for mobile team
and project management, Mindjet Tasks. The redesigned app has been completely reconfigured
so that professionals can, with a swipe of a finger, manage team projects and tasks, at
any time and from any location. The app is immediately available on iTunes(R)
[https://itunes.apple.com/us/app/mindjet-action/id514146535?ls=1&mt=8 ] and will be
updated for iPad(R) and Android(TM) devices later in Q4.
The age of BYOD (Bring Your Own Device) is here: Nine out of 10 workers carry a smart
phone at work(1), and 80 percent continue to work after leaving the office(2).
Increasingly, these team-centric workers have been accessing mobile devices to check in on
projects and email, whether they were in meetings or on the road. Yet, effective team
communications and project management have been missing.
With more teams working virtually, increased coordination and real time updates are
critical to keep activities on track - whether its managing marketing campaigns,
recruiting new hires or planning project launches. Mindjet Tasks empowers the distributed
workforce with a mobile hub to manage projects, tasks, and teams in an easy-to-use and
intuitive interface. With Mindjet mobile teams can now innovate and execute on their best
ideas, together, from their smart phones.
"Our research shows that most organisations are concerned about meeting the evolving
needs of inherently mobile roles, such as sales and field service," said Chris Silva, an
analyst with Altimeter Group. "These groups have distinct needs around not just consuming
information on devices, but also creating and sharing information. The companies that
deliver upon these productivity needs stand to capture a broad, dedicated user base."
With the latest release, Mindjet advances its popular mobile app, overhauling the user
experience and adding features such as:
- Mobile team and project modules that enable project and team management
from the mobile device
- Instinctual gesture controls for easy updates, task tracking, comments and
team management
- Ability to share information and plans, assign priorities and track tasks with
multiple team members regardless of location
- Real-time updates on documents, progress and plans, including team comments
- Patent pending auto-prioritisation of tasks to keep you and your team on the
right track
- Instant connection with Mindjet web and desktop to update or add to your
latest ideas and plans
"Mindjet Tasks does for teams what Clear and Any.Do do for the individual. It combines
elegance and efficiency to bring people and plans together, meeting the evolving work
needs of the always-on-the-go mobile professional," said Mindjet CMO Jascha Kaykas-Wolff.
With Mindjet, professionals can be more productive, creative and organized to quite
simply, work inspired."
To download a free copy of the new Mindjet app with Tasks go to iTunes. To learn more
about Mindjet Tasks go to http://www.mindjet.com/mobile.
Sources:
1. SAP Enterprise Mobility Survey (http://www.slideshare.net/sap/mobility-12788540
)
2. Good Technology (
http://www1.good.com/news/press-releases/current-press-releases/161009045.html).
About Mindjet
Mindjet helps people generate better ideas and work smarter through software that aids
brainstorming, the organisation of plans and the management of projects - anytime,
anywhere. Our interactive environment uses a visual framework to keep teams on point, on
task, on time. Not surprisingly, 83 of the global Fortune 100(TM) companies use Mindjet to
get work done. Find out why.
Mindjet. Work Inspired(TM).
Mindjet and Work Inspired are trademarks and registered trademarks of Mindjet, in the
U.S. and other countries. iPad and iTunes are trademarks of Apple Inc., registered in the
U.S. and other countries. SharePoint is a registered trademark of Microsoft, Inc. Android
is a trademark of Google, Inc. FORTUNE 100 is a trademark of the FORTUNE magazine division
of Time Inc. Clear, Any.Do and other product and company names may be trademarks of their
respective owners.
Mindjet
CONTACT: For more information please contact: Katie Buckett/Sarah Ryan, Mindjet@brands2life.com, +44(0)20-7592-1200
D-Link Helps Keep Holiday Travelers Calm, Cool and Connected
Poster: SySAdmin
Posted on November 19, 2012 at 3:07:01 AM
D-Link Helps Keep Holiday Travelers Calm, Cool and Connected
Naughty and/or Nice, D-Link's Holiday Gifts Offer Unlimited Mobile Connectivity, Content Sharing and Media Streaming On-the-Go
FOUNTAIN VALLEY, Calif., Nov. 19, 2012 /PRNewswire/ -- Whether they're headed to Grandma's or traveling to that ideal vacation spot, D-Link has a suite of new products that will make perfect gifts for the 92 million[i] people who will be on-the-go this holiday season. Catering to today's mobile lifestyles, D-Link's holiday line-up includes the D-Link(® )Cloud Camera 2200 (DCS-2132L), a low-cost, HD camera for keeping an eye on anyone or anything left behind; the D-Link(® )SharePort(TM) Go (DIR-506L), a fast and easy-to-use Wi-Fi on-the-go solution; and, the D-Link(® )MovieNite((TM)) Plus (DSM-312) streaming media player, offering the ability to share holiday flicks and memories with family and friends just about anywhere.
(Logo: http://photos.prnewswire.com/prnh/20110706/SF30992LOGO)
"More than ever, devices that keep us connected and entertained are on the top of everyone's holiday gift lists," said Daniel Kelley, associate vice president of marketing, D-Link Systems, Inc. "D-Link's fun and affordable cloud cameras, mobile Wi-Fi companions and streaming media players fit this bill perfectly. The gift of connectivity - staying in touch, having fun and providing peace of mind - really is the gift that keeps on giving."
So for every one of your on-the-go friends and family members, D-Link's holiday gift line-up is making staying connected while traveling a little easier and a lot more fun this holiday season:
-- A View On-the-Go: Keep an eye on what matters most while away this
holiday season with D-Link's latest Cloud Camera 2200 (DCS-2132L)
offering 24 hour surveillance in HD video clarity. The easy-to-use Cloud
Camera offers motion detection and night vision to monitor the nursery
or kids' playroom day or night. And, easily view streaming video
on-the-go from any PC or notebook via the mydlink.com portal and on any
iPhone(®), iPad(®), or Android((TM))device via the free mydlink((TM))
Lite app.
-- Wi-Fi On-the-Go with SharePort((TM)) Go: Featuring a compact design and
rechargeable battery, the highly portable D-Link SharePort Go (DIR-506L)
can be used almost anywhere, at home or on the road and can also be used
to charge a smartphone. Seamlessly add wireless storage to an iPhone,
iPad or Android device using any USB Flash drive and use the free
SharePort Mobile app to stream media from a connected USB drive to
multiple mobile devices at the same time - a useful feature while
on-the-go during the holidays. The SharePort Go also turns an Internet
connection into a Wi-Fi Hotspot and can be used to create a secured
wireless network anywhere.
-- Streaming-a-Go-Go: Offering popular channels and apps for endless
entertainment choices, D-Link's MovieNite(TM) Plus (DSM-312) lets users
stream classic holiday flicks, jams and holiday photos right to their TV
- turning any living room into the ultimate entertainment center for the
holidays. The robust MovieNite Plus allows users to stream a limitless
amount of the latest movies and TV shows at up to 1080p HD video
quality, as well as music right to their TV, including content from
VUDU(®), Netflix(®), YouTube(®), Facebook, and more! MovieNite Plus
also transforms the TV into a digital photo album with Picasa, perfect
for sharing holiday memories in stunning HD quality. Users can even see
video from their Cloud Camera on the big screen with the mydlink app.
Availability and Pricing
The Cloud Camera 2200 (DCS-2132L) is available for $199.99, SharePort Go (DIR-506L) is available for $99.99, and the MovieNite Plus (DSM-312) is available for $79.99. All three products are available throughout D-Link's North American network of e-tail and retail outlets, and at the company's online store (http://www.dlinkshop.com).
About D-Link
D-Link is the global leader in connectivity for home, small business, mid- to large-sized enterprise environments, and service providers. An award-winning designer, developer and manufacturer, D-Link implements and supports unified network solutions that integrate capabilities in switching, wireless, broadband, storage, IP Surveillance, and cloud-based network management. For more information visit http://www.dlink.comor connect with D-Link on Facebook (http://www.facebook.com/dlink) and Twitter (http://www.twitter.com/dlink).
MovieNite, SharePort, D-Link and the D-Link logo are trademarks or registered trademarks of D-Link Corporation or its subsidiaries. All other third-party marks mentioned herein may be trademarks of their respective owners. Copyright © 2012. D-Link. All Rights Reserved.
Maximum wireless signal rate derived from IEEE Standard 802.11n specifications. Actual data throughput will vary. Network conditions and environmental factors, including volume of network traffic, buildings materials and construction, and network overhead, lower actual data throughput rate. Environmental factors will adversely affect wireless signal range.
[i] According to AAA 2011-12 Year-End Holiday Travel Forecast
SOURCE D-Link
Photo:http://photos.prnewswire.com/prnh/20110706/SF30992LOGO
http://photoarchive.ap.org/
D-Link
CONTACT: Denise Keddy, D-Link Systems, Inc., +1-714-885-6318, denise.keddy@dlink.com, or Natalie Pridham, Walt & Company, +1-408-369-7200, ext. 2976, npridham@walt.com
Web Site: http://www.dlink.com
Naughty and/or Nice, D-Link's Holiday Gifts Offer Unlimited Mobile Connectivity, Content Sharing and Media Streaming On-the-Go
FOUNTAIN VALLEY, Calif., Nov. 19, 2012 /PRNewswire/ -- Whether they're headed to Grandma's or traveling to that ideal vacation spot, D-Link has a suite of new products that will make perfect gifts for the 92 million[i] people who will be on-the-go this holiday season. Catering to today's mobile lifestyles, D-Link's holiday line-up includes the D-Link(® )Cloud Camera 2200 (DCS-2132L), a low-cost, HD camera for keeping an eye on anyone or anything left behind; the D-Link(® )SharePort(TM) Go (DIR-506L), a fast and easy-to-use Wi-Fi on-the-go solution; and, the D-Link(® )MovieNite((TM)) Plus (DSM-312) streaming media player, offering the ability to share holiday flicks and memories with family and friends just about anywhere.
(Logo: http://photos.prnewswire.com/prnh/20110706/SF30992LOGO)
"More than ever, devices that keep us connected and entertained are on the top of everyone's holiday gift lists," said Daniel Kelley, associate vice president of marketing, D-Link Systems, Inc. "D-Link's fun and affordable cloud cameras, mobile Wi-Fi companions and streaming media players fit this bill perfectly. The gift of connectivity - staying in touch, having fun and providing peace of mind - really is the gift that keeps on giving."
So for every one of your on-the-go friends and family members, D-Link's holiday gift line-up is making staying connected while traveling a little easier and a lot more fun this holiday season:
-- A View On-the-Go: Keep an eye on what matters most while away this
holiday season with D-Link's latest Cloud Camera 2200 (DCS-2132L)
offering 24 hour surveillance in HD video clarity. The easy-to-use Cloud
Camera offers motion detection and night vision to monitor the nursery
or kids' playroom day or night. And, easily view streaming video
on-the-go from any PC or notebook via the mydlink.com portal and on any
iPhone(®), iPad(®), or Android((TM))device via the free mydlink((TM))
Lite app.
-- Wi-Fi On-the-Go with SharePort((TM)) Go: Featuring a compact design and
rechargeable battery, the highly portable D-Link SharePort Go (DIR-506L)
can be used almost anywhere, at home or on the road and can also be used
to charge a smartphone. Seamlessly add wireless storage to an iPhone,
iPad or Android device using any USB Flash drive and use the free
SharePort Mobile app to stream media from a connected USB drive to
multiple mobile devices at the same time - a useful feature while
on-the-go during the holidays. The SharePort Go also turns an Internet
connection into a Wi-Fi Hotspot and can be used to create a secured
wireless network anywhere.
-- Streaming-a-Go-Go: Offering popular channels and apps for endless
entertainment choices, D-Link's MovieNite(TM) Plus (DSM-312) lets users
stream classic holiday flicks, jams and holiday photos right to their TV
- turning any living room into the ultimate entertainment center for the
holidays. The robust MovieNite Plus allows users to stream a limitless
amount of the latest movies and TV shows at up to 1080p HD video
quality, as well as music right to their TV, including content from
VUDU(®), Netflix(®), YouTube(®), Facebook, and more! MovieNite Plus
also transforms the TV into a digital photo album with Picasa, perfect
for sharing holiday memories in stunning HD quality. Users can even see
video from their Cloud Camera on the big screen with the mydlink app.
Availability and Pricing
The Cloud Camera 2200 (DCS-2132L) is available for $199.99, SharePort Go (DIR-506L) is available for $99.99, and the MovieNite Plus (DSM-312) is available for $79.99. All three products are available throughout D-Link's North American network of e-tail and retail outlets, and at the company's online store (http://www.dlinkshop.com).
About D-Link
D-Link is the global leader in connectivity for home, small business, mid- to large-sized enterprise environments, and service providers. An award-winning designer, developer and manufacturer, D-Link implements and supports unified network solutions that integrate capabilities in switching, wireless, broadband, storage, IP Surveillance, and cloud-based network management. For more information visit http://www.dlink.comor connect with D-Link on Facebook (http://www.facebook.com/dlink) and Twitter (http://www.twitter.com/dlink).
MovieNite, SharePort, D-Link and the D-Link logo are trademarks or registered trademarks of D-Link Corporation or its subsidiaries. All other third-party marks mentioned herein may be trademarks of their respective owners. Copyright © 2012. D-Link. All Rights Reserved.
Maximum wireless signal rate derived from IEEE Standard 802.11n specifications. Actual data throughput will vary. Network conditions and environmental factors, including volume of network traffic, buildings materials and construction, and network overhead, lower actual data throughput rate. Environmental factors will adversely affect wireless signal range.
[i] According to AAA 2011-12 Year-End Holiday Travel Forecast
SOURCE D-Link
Photo:http://photos.prnewswire.com/prnh/20110706/SF30992LOGO
http://photoarchive.ap.org/
D-Link
CONTACT: Denise Keddy, D-Link Systems, Inc., +1-714-885-6318, denise.keddy@dlink.com, or Natalie Pridham, Walt & Company, +1-408-369-7200, ext. 2976, npridham@walt.com
Web Site: http://www.dlink.com
Commtouch Acquires eleven GmbH to Accelerate Launch of Security-as-a-Service Solutions
Poster: SySAdmin
Posted on November 19, 2012 at 1:21:01 AM
Commtouch Acquires eleven GmbH to Accelerate Launch of Security-as-a-Service Solutions
Conference Call Set for 10:00 a.m. ET on Monday, November 19, 2012
MCLEAN, Virginia, November 19, 2012 /PRNewswire/ --
Commtouch(R) (NASDAQ: CTCH), a leading provider of Internet security technology and
cloud-based services, today announced it acquired Berlin, Germany-based eleven GmbH. The
acquisition was completed on Friday, November 16, 2012.
(Logo:
http://photos.prnewswire.com/prnh/20120501/529254 )
eleven is well-known throughout Germany as the leading provider of mail-based
Security-as-a-Service (SecaaS) solutions, capturing more than 36 percent of the German
market for managed email security. In addition to managed email security and archiving
solutions, eleven also provides advanced on-premise email solutions and services to
selected customers, and its customer base includes some of the largest organizations in
Germany, including BMW, SAP, Siemens and Deutsche Telekom / T-Online. The acquisition of
eleven enables Commtouch to accelerate delivery of private label cloud-based security
solutions specifically designed for OEM and service provider markets. In addition,
Commtouch's global reach should accelerate sales and adoption of this leading security
technology developed by eleven.
Commtouch will continue expanding eleven's brand and presence in Germany, Austria and
Switzerland while also supporting the needs of all of eleven's valued customers, channel
partners and distributors through the combined resources of both companies. Outside of
Germany, Commtouch continues to focus on its primary OEM business and private labeling of
cloud based Security-as-a-Service solutions.
Commtouch will retain the eleven brand in the DACH region. Eleven's 60 employees will
remain with the company. Robert Rothe, eleven CEO and founder, also joins Commtouch's
executive team as Chief Technology Officer and head of Commtouch's operations in Germany.
"eleven's proven cloud-based technology delivers tremendous capabilities that will
accelerate Commtouch's strategy to become a cloud-based Security-as-a-Service solution
provider for the OEM and service provider markets," said Shlomi Yanai, CEO of Commtouch.
"Both the people and the products at eleven will serve a significant role in our continued
effort to grow Commtouch by offering the most advanced and innovative security technology.
We also look forward to serving all of eleven's current customers and partners and we are
committed to maintaining its leading stance in Germany. I welcome all of eleven's
employees to the Commtouch family and look forward to the valuable contributions of Robert
Rothe in his new role as CTO at Commtouch."
"I am pleased to join Commtouch as CTO, and I am excited to combine the resources and
great talent in both companies," said Rothe. "Through Commtouch's acquisition of eleven,
there is a tremendous opportunity for global growth as Commtouch brings eleven's
award-winning technology to larger markets through its extensive base of OEM and service
provider partners. We look forward to continuing great service for our existing customers
while also seeing significant benefit in expanding our opportunities as part of
Commtouch."
For the trailing 12-month period ended October 31, 2012, eleven generated revenues of
approximately $8.0 million (EUR6.3 million) and was profitable. Similar to Commtouch,
eleven generates the vast majority of its revenues from the delivery of services to its
clients on a recurring subscription-based revenue model. The acquisition of eleven is
comprised of three elements: cash, shares, and an earn-out component based on the success
of eleven within the combined entity. The closing purchase price included net cash of $9.2
million (EUR7.2 million) and approximately $2.1 million worth of Commtouch restricted
shares. The earn-out component will be paid out through 2015 based on the successful
achievement of certain performance-based revenue goals.
Financial Guidance
With regard to Commtouch's forward looking financial guidance, based on the
acquisition of eleven announced today, the company's year-to-date results, as well as the
company's current expectations for the remainder of 2012, Commtouch is updating its
outlook. Commtouch is increasing its revenue guidance and now anticipates full year 2012
revenue will be in the range of $23.7 million to $23.9 million. The acquisition will be
accretive, with a modest positive contribution for the current fourth quarter of 2012;
accordingly the company is reiterating its expectation that full year 2012 non-GAAP net
income is expected to be greater than $4.0 million.
The above outlook is as of the date of this release, and the company undertakes no
obligation to update its estimates in the future.
Conference Call Information
The company has scheduled a conference call for Monday, November 19, 2012 at 10:00
a.m. ET to review Commtouch's acquisition of eleven GmbH. To participate in the call,
please dial one of the following access numbers 10 minutes prior to the start time of the
call:
US Dial-in Number: 1-877-407-9210
International Dial-in Number: +1-201-689-8049
Israel Dial-in Number: 00-800-4626-6666
at:
10:00 a.m. Eastern Time, 7:00 a.m. Pacific Time,
3:00 p.m. UK Time, 5:00 p.m. Israel Time
The call will be simultaneously webcast live from a link on Commtouch's Web site at
http://www.commtouch.com.
About eleven
A leading email security provider based in Germany, eleven's unique eXpurgate
technology offers a spam filter and email categorization service that reliably protects
users against spam and phishing, detects potentially dangerous email, and can distinguish
between individual messages and mass emails. eXpurgate also offers numerous virus
protection options and a powerful email firewall. More than 45,000 organizations of all
sizes use eXpurgate to check and categorize more than a billion email messages every day.
Customers include Internet service providers and telecommunication carriers such as
T-Online, O2, 1&1 and freenet as well as many well-known companies and public
institutions, including Air Berlin, BMW, the Federal Association of German Banks, DATEV,
the Free University of Berlin, Landesbank Berlin, RTL, SAP, ThyssenKrupp and Tobit
Software AG. Visit http://www.eleven.de.
About Commtouch
Commtouch(R) (NASDAQ: CTCH) is a leading provider of Internet security technology and
cloud-based services for vendors and service providers, increasing the value and
profitability of our customers' solutions by protecting billions of Internet transactions
on a daily basis. With six global data centers and award-winning, patented technology,
Commtouch's email, Web, and antivirus capabilities easily integrate into our customers'
products and solutions, keeping more than 350 million end users safe. To learn more, visit
http://www.commtouch.com.
- Blog: http://blog.commtouch.com/cafe
- Facebook: http://www.facebook.com/commtouch
- LinkedIn: http://www.linkedin.com/company/commtouch
- Twitter: @Commtouch
Use of Non-GAAP Measures
Non-GAAP financial measures consist of GAAP financial measures adjusted to exclude:
share based compensation expenses, amortization and impairment of acquired intangible
assets, deferred taxes, acquisition related costs and adjustments to earn-out obligations
related to acquisitions. The purpose of such adjustments is to give an indication of the
company's performance exclusive of non-cash charges and other items that are considered by
management to be outside of the company's core operating results. The company's non-GAAP
financial measures are not meant to be considered in isolation or as a substitute for
comparable GAAP measures, and should be read only in conjunction with the company's
consolidated financial statements prepared in accordance with GAAP. Company management
regularly uses supplemental non-GAAP financial measures internally to understand, manage
and evaluate our business and make operating decisions.
These non-GAAP measures are among the primary factors management uses in planning for
and forecasting future periods. The company believes this adjustment is useful to
investors as a measure of the ongoing performance of our business. The company believes
these non-GAAP financial measures provide consistent and comparable measures to help
investors understand the company's current and future operating cash flow performance.
These non-GAAP financial measures may differ materially from the non-GAAP financial
measures used by other companies. The presentation of this non-GAAP financial information
is not intended to be considered in isolation or as a substitute for the financial
information prepared and presented in accordance with GAAP. Management uses both GAAP and
non-GAAP measures when evaluating the business internally and therefore felt it important
to make these non-GAAP adjustments available to investors.
Recurrent Pattern Detection, RPD, Zero-Hour and GlobalView are trademarks, and
Commtouch is a registered trademark of Commtouch. U.S. Patent No. 6,330,590 is owned by
Commtouch. All other trademarks are the property of their respective owners.
This press release contains forward-looking statements, including projections about
our business, within the meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. For example, statements in the future tense,
and statements including words such as "expect," "plan," "estimate," "anticipate," or
"believe" are forward-looking statements. These statements are based on information
available to us at the time of the release; we assume no obligation to update any of them.
The statements in this release, including those relating to how eleven's proven
cloud-based system provides tremendous capabilities that will accelerate Commtouch's
launch of a Security-as-a-Service solution for the OEM market, are not guarantees of
future performance and actual results could differ materially from our current
expectations as a result of numerous factors, including business conditions and growth or
deterioration in the Internet market, commerce and the general economy, both domestic as
well as international; fewer than expected new-partner relationships; competitive factors,
including pricing pressures; technological developments, and products offered by
competitors; the ability of our OEM partners to successfully penetrate markets with
products integrated with Commtouch technology; a slower than expected acceptance rate for
our newer product offerings; availability of qualified staff; and technological
difficulties and resource constraints encountered in developing new products, as well as
those risks described in the text of this press release and the company's Annual Reports
on Form 20-F and reports on Form 6-K, which are available through http://www.sec.gov.
Company Contact:
Ron Ela, Chief Financial Officer
Commtouch
(US) +1-650-864-2291 (Int'l) +972-9-8636813
ron.ela @commtouch.com
Israel Investor Relations Contact:
Iris Lubitch
EffectiveIR
+972-54-252-8007
Iris@EffectiveIR.co.il
U.S. Investor Contact:
Christopher Chu
Grayling
+1-646-284-9400
commtouch@grayling.com
Commtouch Media Contact:
Matthew Zintel
Zintel Public Relations
+1-281-444-1590
matthew.zintel@zintelpr.com
Photo:
http://photos.prnewswire.com/prnh/20120501/529254
Photo:http://photos.prnewswire.com/prnh/20120501/529254
http://photoarchive.ap.org/
Commtouch
Conference Call Set for 10:00 a.m. ET on Monday, November 19, 2012
MCLEAN, Virginia, November 19, 2012 /PRNewswire/ --
Commtouch(R) (NASDAQ: CTCH), a leading provider of Internet security technology and
cloud-based services, today announced it acquired Berlin, Germany-based eleven GmbH. The
acquisition was completed on Friday, November 16, 2012.
(Logo:
http://photos.prnewswire.com/prnh/20120501/529254 )
eleven is well-known throughout Germany as the leading provider of mail-based
Security-as-a-Service (SecaaS) solutions, capturing more than 36 percent of the German
market for managed email security. In addition to managed email security and archiving
solutions, eleven also provides advanced on-premise email solutions and services to
selected customers, and its customer base includes some of the largest organizations in
Germany, including BMW, SAP, Siemens and Deutsche Telekom / T-Online. The acquisition of
eleven enables Commtouch to accelerate delivery of private label cloud-based security
solutions specifically designed for OEM and service provider markets. In addition,
Commtouch's global reach should accelerate sales and adoption of this leading security
technology developed by eleven.
Commtouch will continue expanding eleven's brand and presence in Germany, Austria and
Switzerland while also supporting the needs of all of eleven's valued customers, channel
partners and distributors through the combined resources of both companies. Outside of
Germany, Commtouch continues to focus on its primary OEM business and private labeling of
cloud based Security-as-a-Service solutions.
Commtouch will retain the eleven brand in the DACH region. Eleven's 60 employees will
remain with the company. Robert Rothe, eleven CEO and founder, also joins Commtouch's
executive team as Chief Technology Officer and head of Commtouch's operations in Germany.
"eleven's proven cloud-based technology delivers tremendous capabilities that will
accelerate Commtouch's strategy to become a cloud-based Security-as-a-Service solution
provider for the OEM and service provider markets," said Shlomi Yanai, CEO of Commtouch.
"Both the people and the products at eleven will serve a significant role in our continued
effort to grow Commtouch by offering the most advanced and innovative security technology.
We also look forward to serving all of eleven's current customers and partners and we are
committed to maintaining its leading stance in Germany. I welcome all of eleven's
employees to the Commtouch family and look forward to the valuable contributions of Robert
Rothe in his new role as CTO at Commtouch."
"I am pleased to join Commtouch as CTO, and I am excited to combine the resources and
great talent in both companies," said Rothe. "Through Commtouch's acquisition of eleven,
there is a tremendous opportunity for global growth as Commtouch brings eleven's
award-winning technology to larger markets through its extensive base of OEM and service
provider partners. We look forward to continuing great service for our existing customers
while also seeing significant benefit in expanding our opportunities as part of
Commtouch."
For the trailing 12-month period ended October 31, 2012, eleven generated revenues of
approximately $8.0 million (EUR6.3 million) and was profitable. Similar to Commtouch,
eleven generates the vast majority of its revenues from the delivery of services to its
clients on a recurring subscription-based revenue model. The acquisition of eleven is
comprised of three elements: cash, shares, and an earn-out component based on the success
of eleven within the combined entity. The closing purchase price included net cash of $9.2
million (EUR7.2 million) and approximately $2.1 million worth of Commtouch restricted
shares. The earn-out component will be paid out through 2015 based on the successful
achievement of certain performance-based revenue goals.
Financial Guidance
With regard to Commtouch's forward looking financial guidance, based on the
acquisition of eleven announced today, the company's year-to-date results, as well as the
company's current expectations for the remainder of 2012, Commtouch is updating its
outlook. Commtouch is increasing its revenue guidance and now anticipates full year 2012
revenue will be in the range of $23.7 million to $23.9 million. The acquisition will be
accretive, with a modest positive contribution for the current fourth quarter of 2012;
accordingly the company is reiterating its expectation that full year 2012 non-GAAP net
income is expected to be greater than $4.0 million.
The above outlook is as of the date of this release, and the company undertakes no
obligation to update its estimates in the future.
Conference Call Information
The company has scheduled a conference call for Monday, November 19, 2012 at 10:00
a.m. ET to review Commtouch's acquisition of eleven GmbH. To participate in the call,
please dial one of the following access numbers 10 minutes prior to the start time of the
call:
US Dial-in Number: 1-877-407-9210
International Dial-in Number: +1-201-689-8049
Israel Dial-in Number: 00-800-4626-6666
at:
10:00 a.m. Eastern Time, 7:00 a.m. Pacific Time,
3:00 p.m. UK Time, 5:00 p.m. Israel Time
The call will be simultaneously webcast live from a link on Commtouch's Web site at
http://www.commtouch.com.
About eleven
A leading email security provider based in Germany, eleven's unique eXpurgate
technology offers a spam filter and email categorization service that reliably protects
users against spam and phishing, detects potentially dangerous email, and can distinguish
between individual messages and mass emails. eXpurgate also offers numerous virus
protection options and a powerful email firewall. More than 45,000 organizations of all
sizes use eXpurgate to check and categorize more than a billion email messages every day.
Customers include Internet service providers and telecommunication carriers such as
T-Online, O2, 1&1 and freenet as well as many well-known companies and public
institutions, including Air Berlin, BMW, the Federal Association of German Banks, DATEV,
the Free University of Berlin, Landesbank Berlin, RTL, SAP, ThyssenKrupp and Tobit
Software AG. Visit http://www.eleven.de.
About Commtouch
Commtouch(R) (NASDAQ: CTCH) is a leading provider of Internet security technology and
cloud-based services for vendors and service providers, increasing the value and
profitability of our customers' solutions by protecting billions of Internet transactions
on a daily basis. With six global data centers and award-winning, patented technology,
Commtouch's email, Web, and antivirus capabilities easily integrate into our customers'
products and solutions, keeping more than 350 million end users safe. To learn more, visit
http://www.commtouch.com.
- Blog: http://blog.commtouch.com/cafe
- Facebook: http://www.facebook.com/commtouch
- LinkedIn: http://www.linkedin.com/company/commtouch
- Twitter: @Commtouch
Use of Non-GAAP Measures
Non-GAAP financial measures consist of GAAP financial measures adjusted to exclude:
share based compensation expenses, amortization and impairment of acquired intangible
assets, deferred taxes, acquisition related costs and adjustments to earn-out obligations
related to acquisitions. The purpose of such adjustments is to give an indication of the
company's performance exclusive of non-cash charges and other items that are considered by
management to be outside of the company's core operating results. The company's non-GAAP
financial measures are not meant to be considered in isolation or as a substitute for
comparable GAAP measures, and should be read only in conjunction with the company's
consolidated financial statements prepared in accordance with GAAP. Company management
regularly uses supplemental non-GAAP financial measures internally to understand, manage
and evaluate our business and make operating decisions.
These non-GAAP measures are among the primary factors management uses in planning for
and forecasting future periods. The company believes this adjustment is useful to
investors as a measure of the ongoing performance of our business. The company believes
these non-GAAP financial measures provide consistent and comparable measures to help
investors understand the company's current and future operating cash flow performance.
These non-GAAP financial measures may differ materially from the non-GAAP financial
measures used by other companies. The presentation of this non-GAAP financial information
is not intended to be considered in isolation or as a substitute for the financial
information prepared and presented in accordance with GAAP. Management uses both GAAP and
non-GAAP measures when evaluating the business internally and therefore felt it important
to make these non-GAAP adjustments available to investors.
Recurrent Pattern Detection, RPD, Zero-Hour and GlobalView are trademarks, and
Commtouch is a registered trademark of Commtouch. U.S. Patent No. 6,330,590 is owned by
Commtouch. All other trademarks are the property of their respective owners.
This press release contains forward-looking statements, including projections about
our business, within the meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. For example, statements in the future tense,
and statements including words such as "expect," "plan," "estimate," "anticipate," or
"believe" are forward-looking statements. These statements are based on information
available to us at the time of the release; we assume no obligation to update any of them.
The statements in this release, including those relating to how eleven's proven
cloud-based system provides tremendous capabilities that will accelerate Commtouch's
launch of a Security-as-a-Service solution for the OEM market, are not guarantees of
future performance and actual results could differ materially from our current
expectations as a result of numerous factors, including business conditions and growth or
deterioration in the Internet market, commerce and the general economy, both domestic as
well as international; fewer than expected new-partner relationships; competitive factors,
including pricing pressures; technological developments, and products offered by
competitors; the ability of our OEM partners to successfully penetrate markets with
products integrated with Commtouch technology; a slower than expected acceptance rate for
our newer product offerings; availability of qualified staff; and technological
difficulties and resource constraints encountered in developing new products, as well as
those risks described in the text of this press release and the company's Annual Reports
on Form 20-F and reports on Form 6-K, which are available through http://www.sec.gov.
Company Contact:
Ron Ela, Chief Financial Officer
Commtouch
(US) +1-650-864-2291 (Int'l) +972-9-8636813
ron.ela @commtouch.com
Israel Investor Relations Contact:
Iris Lubitch
EffectiveIR
+972-54-252-8007
Iris@EffectiveIR.co.il
U.S. Investor Contact:
Christopher Chu
Grayling
+1-646-284-9400
commtouch@grayling.com
Commtouch Media Contact:
Matthew Zintel
Zintel Public Relations
+1-281-444-1590
matthew.zintel@zintelpr.com
Photo:
http://photos.prnewswire.com/prnh/20120501/529254
Photo:http://photos.prnewswire.com/prnh/20120501/529254
http://photoarchive.ap.org/
Commtouch
November 18, 2012
Acision Appoints Michael Frausing as its New Senior Vice President and General Manager for Asia Pacific
Poster: SySAdmin
Posted on November 18, 2012 at 8:07:01 PM
Acision Appoints Michael Frausing as its New Senior Vice President and General Manager for Asia Pacific
SINGAPORE, November 19, 2012 /PRNewswire/ --
Seasoned telecoms specialist joins Acision as regional head to lead business
operations, drive growth and enrich the customer experience in APAC
Acision [http://www.acision.com ], the global leader in mobile messaging, today
announced the appointment of Michael Frausing to the position of Senior Vice President and
General Manager for its Asia Pacific region. Based in Singapore, Frausing will be
responsible for managing Acision's local business operations and will play a pivotal role
in cultivating customer and employee relationships, strengthening the company's regional
presence and bolstering the business.
As an industry expert who has worked in telecommunications for 25 years, Michael
brings a wealth of capability and knowledge to Acision having successfully driven revenue
growth and strategic account acquisition with leading wireless and telecommunications
service providers worldwide. Prior to joining Acision, Michael was the head of global
sales at GE, where he focused on energy storage for the telecom, grid and UPS segments and
helped implement strategies to grow the sales team, as well as penetrate and increase
market share. Michael also worked at LGC Wireless where he grew sales from $12 million to
over $100 million in less than a five year period. He also spent 15 years at Ericsson in
various sales leadership positions, primarily selling a broad range of telecommunications
solutions to carriers worldwide.
"Michael's leadership position comes at a crucial time for Acision as we nurture
relationships with our local customers and support them as they start to deploy IP and
Enterprise Messaging solutions in the region. His wealth of experience will be an asset to
the team as we make important steps in shaping our business and building our expertise in
messaging services," said Jorgen Nilsson, Chief Executive at Acision. "Michael's
exceptional track record across many different markets including APAC means he understands
the cultures and salient points in driving success and credibility, and will be
instrumental in taking our business to greater heights as we push out a range of new
messaging services in this market."
"I am committed to expanding Acision's Asia Pacific footprint and creating new avenues
for customer growth," said Frausing. "My main focus will be to position Acision as a
driver of innovation and leverage on our expertise in mobile messaging to create new
opportunities in an evolving mobile ecosystem. As Asia Pac always has, and continues to
be, an early adopter and driving force of new technology, I am looking forward to working
with the team and our customers to introduce some of our new, innovative messaging
propositions and ensure their success in this market."
NOTES TO EDITORS
About Acision
As the global leader in mobile messaging, Acision connects the world by powering
relevant, seamless messaging services, which enrich the mobile communications experience
and create new opportunities for carriers and enterprises across the world. For more
information, visit Acision at http://www.acision.com
Acision UK Ltd
CONTACT: Press contacts: Maria Hudson, Acision, Tel: +44 118 930 8826, Email: maria.hudson@acision.com ; Laurent Decosse/Pamela Philip, LEWIS PR, Tel: +65 6571 9158, Email: acisionsg@lewispr.com
SINGAPORE, November 19, 2012 /PRNewswire/ --
Seasoned telecoms specialist joins Acision as regional head to lead business
operations, drive growth and enrich the customer experience in APAC
Acision [http://www.acision.com ], the global leader in mobile messaging, today
announced the appointment of Michael Frausing to the position of Senior Vice President and
General Manager for its Asia Pacific region. Based in Singapore, Frausing will be
responsible for managing Acision's local business operations and will play a pivotal role
in cultivating customer and employee relationships, strengthening the company's regional
presence and bolstering the business.
As an industry expert who has worked in telecommunications for 25 years, Michael
brings a wealth of capability and knowledge to Acision having successfully driven revenue
growth and strategic account acquisition with leading wireless and telecommunications
service providers worldwide. Prior to joining Acision, Michael was the head of global
sales at GE, where he focused on energy storage for the telecom, grid and UPS segments and
helped implement strategies to grow the sales team, as well as penetrate and increase
market share. Michael also worked at LGC Wireless where he grew sales from $12 million to
over $100 million in less than a five year period. He also spent 15 years at Ericsson in
various sales leadership positions, primarily selling a broad range of telecommunications
solutions to carriers worldwide.
"Michael's leadership position comes at a crucial time for Acision as we nurture
relationships with our local customers and support them as they start to deploy IP and
Enterprise Messaging solutions in the region. His wealth of experience will be an asset to
the team as we make important steps in shaping our business and building our expertise in
messaging services," said Jorgen Nilsson, Chief Executive at Acision. "Michael's
exceptional track record across many different markets including APAC means he understands
the cultures and salient points in driving success and credibility, and will be
instrumental in taking our business to greater heights as we push out a range of new
messaging services in this market."
"I am committed to expanding Acision's Asia Pacific footprint and creating new avenues
for customer growth," said Frausing. "My main focus will be to position Acision as a
driver of innovation and leverage on our expertise in mobile messaging to create new
opportunities in an evolving mobile ecosystem. As Asia Pac always has, and continues to
be, an early adopter and driving force of new technology, I am looking forward to working
with the team and our customers to introduce some of our new, innovative messaging
propositions and ensure their success in this market."
NOTES TO EDITORS
About Acision
As the global leader in mobile messaging, Acision connects the world by powering
relevant, seamless messaging services, which enrich the mobile communications experience
and create new opportunities for carriers and enterprises across the world. For more
information, visit Acision at http://www.acision.com
Acision UK Ltd
CONTACT: Press contacts: Maria Hudson, Acision, Tel: +44 118 930 8826, Email: maria.hudson@acision.com ; Laurent Decosse/Pamela Philip, LEWIS PR, Tel: +65 6571 9158, Email: acisionsg@lewispr.com
November 17, 2012
INVENTA Industrial Warns of Potentially Hazardous Communications Cable
Poster: SySAdmin
Posted on November 17, 2012 at 3:07:01 AM
INVENTA Industrial Warns of Potentially Hazardous Communications Cable
(UL File E178558 / Product Incident Report 2012FR-1091)
DONGGUAN, China, Nov. 17, 2012 /PRNewswire/ -- INVENTA Industrial Co., Ltd. announces that the communications cable with the following surface printing which bears an UL Mark for the market of United States did not comply with UL requirements, and may represent a fire hazard.
(Photo: http://photos.prnewswire.com/prnh/20121117/CN09771 )
This incompliancy has been immediately corrected internally, as soon as the 2nd batch was produced on November 2010.
Name of Product: Communications Cable, Type Cat 6.
Manufacturer: INVENTA Industrial Co., Ltd.
Date of Manufacture: 8 /Oct. /2010
Hazard: Communication cable does not comply with the CMR requirements, which may cause an increased risk of fire
Identification:
On the Box:
ITEM No.: OD-C6CMRSR-BK
Lot No. : 154133
On the cable: The surface printing on the jacket
CAT6 23AWGX4P UTP CMR E200534 C(UL) ANSI/TIA 568C.2 ETL VERIFIED FT4 ELTOP ELECTRONICS
SOURCE INVENTA Industrial Co., Ltd.
Photo:http://photos.prnewswire.com/prnh/20121117/CN09771
http://photoarchive.ap.org/
INVENTA Industrial Co., Ltd.
CONTACT: Liqing Li, +86-769-87288988 X6513, llq@iyheng.com.tw, for INVENTA Industrial
(UL File E178558 / Product Incident Report 2012FR-1091)
DONGGUAN, China, Nov. 17, 2012 /PRNewswire/ -- INVENTA Industrial Co., Ltd. announces that the communications cable with the following surface printing which bears an UL Mark for the market of United States did not comply with UL requirements, and may represent a fire hazard.
(Photo: http://photos.prnewswire.com/prnh/20121117/CN09771 )
This incompliancy has been immediately corrected internally, as soon as the 2nd batch was produced on November 2010.
Name of Product: Communications Cable, Type Cat 6.
Manufacturer: INVENTA Industrial Co., Ltd.
Date of Manufacture: 8 /Oct. /2010
Hazard: Communication cable does not comply with the CMR requirements, which may cause an increased risk of fire
Identification:
On the Box:
ITEM No.: OD-C6CMRSR-BK
Lot No. : 154133
On the cable: The surface printing on the jacket
CAT6 23AWGX4P UTP CMR E200534 C(UL) ANSI/TIA 568C.2 ETL VERIFIED FT4 ELTOP ELECTRONICS
SOURCE INVENTA Industrial Co., Ltd.
Photo:http://photos.prnewswire.com/prnh/20121117/CN09771
http://photoarchive.ap.org/
INVENTA Industrial Co., Ltd.
CONTACT: Liqing Li, +86-769-87288988 X6513, llq@iyheng.com.tw, for INVENTA Industrial
November 16, 2012
Michael Schumacher & erlinyou Announce GP2000
Poster: SySAdmin
Posted on November 16, 2012 at 9:49:01 PM
Michael Schumacher & erlinyou Announce GP2000
AUSTIN, Texas, Nov. 16, 2012 /PRNewswire/ -- On November 16th in Austin, Texas, Michael Schumacher and Jianglin Zhang, President of erlinyou(TM) announced the commercial launch of one of the most innovative GPS navigation devices available in the market today. Shipments of the GP2000 will begin in December and will be available for purchase through online and direct retail sales. Additional information and direct product purchase of the GP2000 can be found on the company's website at http://www.erlinyou.com.
erlinyou GP200 offers best in class navigation functions, with easy to view map features all of which are available in a compact but impressive high definition 5 inch screen. This first generation of erlinyou GPS products opens the beginning of a long term partnership between Michael Schumacher, considered to be the best racing driver in the history of Formula 1(TM) and the international erlinyou team established in America, Europe and Asia.
erlinyou was founded in 2006 and is an international consumer electronics technology company headquartered in China with offices around the world. The company is welcoming the Austin Texas F1 Grand Prix and its racing legend ambassador Michael Schumacher to showcase the introduction of its first top of the line navigation unit GP2000, which will be ready in time for December sales into to all Global markets, including Europe, North America, Central America, Latin America and China. erlinyou offers the most up to date and detailed maps available, then it couples them with its real time radio traffic information, traffic patterns and navigation engine powered by a GPS SiRF 5 to create the safest and most accurate guidance and navigation system on the market today. High quality voice command, Bluetooth® and text-to-speech guidance creates a hands free navigation experience. The large high resolution 5" HD display and intuitive interface adds to your safety and ease of use by allowing your eyes to stay on the road and the route ahead. The company's principle focus is to develop personal navigation and mobility solutions for consumers by leveraging our core software development strengths to create products that deliver unique value propositions into the market place. We deliver high performance products and services by combining our software technology and manufacturing capabilities to create a product that combines performance and value with the accuracy speed and safety, to match the demanding performance expectations of our company's ambassador Michael Schumacher. As a responsible manufacturer we create value for our business partners our customers for our employees and society in general, by building affordable products in an environmentally friendly way.
Michael Schumacher is considered to be the best racing driver in the history of Formula 1(TM). He holds all relevant records in the sport, having won 7 world champions titles, 91 races and 68 Pole Positions. His reputation all over the world is unmatched. Michael Schumacher is world renowned as the greatest Formula 1(TM) driver in history and one of the foremost experts in the automobile industry and racing world.
Please visit our web site http://www.erlinyou.com for more information and contact us at information@erlinyou.com.
SOURCE erlinyou
erlinyou
CONTACT: Danna, +86-10-51664166 x607, chengdn@erlinyou.com
Web Site: http://www.erlinyou.com
AUSTIN, Texas, Nov. 16, 2012 /PRNewswire/ -- On November 16th in Austin, Texas, Michael Schumacher and Jianglin Zhang, President of erlinyou(TM) announced the commercial launch of one of the most innovative GPS navigation devices available in the market today. Shipments of the GP2000 will begin in December and will be available for purchase through online and direct retail sales. Additional information and direct product purchase of the GP2000 can be found on the company's website at http://www.erlinyou.com.
erlinyou GP200 offers best in class navigation functions, with easy to view map features all of which are available in a compact but impressive high definition 5 inch screen. This first generation of erlinyou GPS products opens the beginning of a long term partnership between Michael Schumacher, considered to be the best racing driver in the history of Formula 1(TM) and the international erlinyou team established in America, Europe and Asia.
erlinyou was founded in 2006 and is an international consumer electronics technology company headquartered in China with offices around the world. The company is welcoming the Austin Texas F1 Grand Prix and its racing legend ambassador Michael Schumacher to showcase the introduction of its first top of the line navigation unit GP2000, which will be ready in time for December sales into to all Global markets, including Europe, North America, Central America, Latin America and China. erlinyou offers the most up to date and detailed maps available, then it couples them with its real time radio traffic information, traffic patterns and navigation engine powered by a GPS SiRF 5 to create the safest and most accurate guidance and navigation system on the market today. High quality voice command, Bluetooth® and text-to-speech guidance creates a hands free navigation experience. The large high resolution 5" HD display and intuitive interface adds to your safety and ease of use by allowing your eyes to stay on the road and the route ahead. The company's principle focus is to develop personal navigation and mobility solutions for consumers by leveraging our core software development strengths to create products that deliver unique value propositions into the market place. We deliver high performance products and services by combining our software technology and manufacturing capabilities to create a product that combines performance and value with the accuracy speed and safety, to match the demanding performance expectations of our company's ambassador Michael Schumacher. As a responsible manufacturer we create value for our business partners our customers for our employees and society in general, by building affordable products in an environmentally friendly way.
Michael Schumacher is considered to be the best racing driver in the history of Formula 1(TM). He holds all relevant records in the sport, having won 7 world champions titles, 91 races and 68 Pole Positions. His reputation all over the world is unmatched. Michael Schumacher is world renowned as the greatest Formula 1(TM) driver in history and one of the foremost experts in the automobile industry and racing world.
Please visit our web site http://www.erlinyou.com for more information and contact us at information@erlinyou.com.
SOURCE erlinyou
erlinyou
CONTACT: Danna, +86-10-51664166 x607, chengdn@erlinyou.com
Web Site: http://www.erlinyou.com
Michael Schumacher & erlinyou Announce The GP2000
Poster: SySAdmin
Posted on November 16, 2012 at 9:49:01 PM
Michael Schumacher & erlinyou Announce The GP2000
AUSTIN, Texas, Nov. 16, 2012 /PRNewswire/ -- On November 16th in Austin, Texas, Michael Schumacher and Jianglin Zhang, erlinyou(TM) President, announced the launch of the innovative GP2000, available in December at http://www.erlinyou.com and progressively on websites and at retailers.
The erlinyou GP2000 marries top-flight navigation functions with the largest map features on an impressive 5-inch HD smart device. The GP2000 heralds the beginning of a long-term partnership between Michael Schumacher, the best racing driver in the history of Formula 1(TM), and the international erlinyou team.
Headquartered in China with offices around the world, erlinyou was founded in 2006 as an international consumer electronics technology company. The company welcomes the Austin Texas F1 Grand Prix and its racing legend/ambassador Michael Schumacher to showcase the introduction of its first navigation unit, the GP2000, which will be ready for December sales in all Global markets. erlinyou offers the most up to date and detailed maps available and couples them with its real time radio traffic information, traffic patterns and navigation engine powered by a GPS SiRF 5 to create the safest and most accurate guidance and navigation system on the market. High quality voice command, Bluetooth® and text-to-speech guidance creates a hands-free navigation experience. The 5" HD display and intuitive interface adds to safety and ease of use by allowing users' eyes to stay on the road. The company's principle focus is to develop personal navigation and mobility solutions for consumers by leveraging core software development strengths to create products that deliver unique value propositions. We deliver high performance products and services by combining our software and manufacturing capabilities to create products that combine performance and value with accuracy, speed and safety, to match the demanding expectations of our ambassador Michael Schumacher. As a responsible manufacturer we create value for our business partners, customers, employees and society in general, by building affordable products in an environmentally-friendly way.
Michael Schumacher is considered to be the best driver in the history of Formula 1(TM). He holds many records in the sport, having won 7 world champion titles, 91 races and 68 Pole Positions. His reputation is unmatched. Michael Schumacher is world renowned as the greatest Formula 1(TM) driver in history and one of the foremost experts in the automobile industry and racing world.
Please visit our web site http://www.erlinyou.com for more information and contact us at information@erlinyou.com.
SOURCE erlinyou
erlinyou
CONTACT: Danna, +86-10-51664166 x607, chengdn@erlinyou.com
Web Site: http://www.erlinyou.com
AUSTIN, Texas, Nov. 16, 2012 /PRNewswire/ -- On November 16th in Austin, Texas, Michael Schumacher and Jianglin Zhang, erlinyou(TM) President, announced the launch of the innovative GP2000, available in December at http://www.erlinyou.com and progressively on websites and at retailers.
The erlinyou GP2000 marries top-flight navigation functions with the largest map features on an impressive 5-inch HD smart device. The GP2000 heralds the beginning of a long-term partnership between Michael Schumacher, the best racing driver in the history of Formula 1(TM), and the international erlinyou team.
Headquartered in China with offices around the world, erlinyou was founded in 2006 as an international consumer electronics technology company. The company welcomes the Austin Texas F1 Grand Prix and its racing legend/ambassador Michael Schumacher to showcase the introduction of its first navigation unit, the GP2000, which will be ready for December sales in all Global markets. erlinyou offers the most up to date and detailed maps available and couples them with its real time radio traffic information, traffic patterns and navigation engine powered by a GPS SiRF 5 to create the safest and most accurate guidance and navigation system on the market. High quality voice command, Bluetooth® and text-to-speech guidance creates a hands-free navigation experience. The 5" HD display and intuitive interface adds to safety and ease of use by allowing users' eyes to stay on the road. The company's principle focus is to develop personal navigation and mobility solutions for consumers by leveraging core software development strengths to create products that deliver unique value propositions. We deliver high performance products and services by combining our software and manufacturing capabilities to create products that combine performance and value with accuracy, speed and safety, to match the demanding expectations of our ambassador Michael Schumacher. As a responsible manufacturer we create value for our business partners, customers, employees and society in general, by building affordable products in an environmentally-friendly way.
Michael Schumacher is considered to be the best driver in the history of Formula 1(TM). He holds many records in the sport, having won 7 world champion titles, 91 races and 68 Pole Positions. His reputation is unmatched. Michael Schumacher is world renowned as the greatest Formula 1(TM) driver in history and one of the foremost experts in the automobile industry and racing world.
Please visit our web site http://www.erlinyou.com for more information and contact us at information@erlinyou.com.
SOURCE erlinyou
erlinyou
CONTACT: Danna, +86-10-51664166 x607, chengdn@erlinyou.com
Web Site: http://www.erlinyou.com
Bloomer Plastics, Inc. Announces the Launch of New Website
Poster: SySAdmin
Posted on November 16, 2012 at 6:07:01 PM
Bloomer Plastics, Inc. Announces the Launch of New Website
BLOOMER, Wis., Nov. 16, 2012 /PRNewswire/ -- Bloomer Plastics, Inc. announced today the launch of its new and improved company website.
(Logo: http://photos.prnewswire.com/prnh/20121116/CG15313LOGO)
The new site offers a contemporary look and streamlined user interface. It features enhanced resources including:
1. More concise descriptions of markets served and Bloomer's associated
product lines to include aerospace, automotive, composites, prepreg,
rubber separator, packaging, consumer, office products, medical and
health care.
2. Improved customer e-commerce portal with upgraded navigation and clean
user interface. Other new features to include archived press releases,
social networking integration with links to all of our online presences,
and a meet the team page with direct contact information of the sales and
executive team.
3. Enhanced toolbox for quick unit of measure conversion calculations to
simplify ordering practices.
"We're pleased with the launch of our newly designed site and its ability to take our web presence to the next level," said Kevin Keneally, Chief Executive Officer. "We wanted to improve our customers' access to Bloomer's custom engineered film capabilities and solutions with the ultimate objective of expanding BPI's market reach."
The new website can be accessed at http://www.BloomerPlastics.com.
About Bloomer Plastics:
A leading domestic and international engineered films producer for high performance industrial, medical, automotive, agricultural and consumer market segments, Bloomer Plastics excels in design of value-added cast embossed film structures and laminations for the most demanding applications. Certified to ISO 9001:2008 standards, the company is focused on offering exceptional speed to market for new product development and excels in delivering quality, service and technology to its valued customer base.
SOURCE Bloomer Plastics, Inc.
Photo:http://photos.prnewswire.com/prnh/20121116/CG15313LOGO
http://photoarchive.ap.org/
Bloomer Plastics, Inc.
CONTACT: Jerry Kolanczyk, 1-800-638-0479, jerryk@bloomerplastics.com
Web Site: http://www.BloomerPlastics.com
BLOOMER, Wis., Nov. 16, 2012 /PRNewswire/ -- Bloomer Plastics, Inc. announced today the launch of its new and improved company website.
(Logo: http://photos.prnewswire.com/prnh/20121116/CG15313LOGO)
The new site offers a contemporary look and streamlined user interface. It features enhanced resources including:
1. More concise descriptions of markets served and Bloomer's associated
product lines to include aerospace, automotive, composites, prepreg,
rubber separator, packaging, consumer, office products, medical and
health care.
2. Improved customer e-commerce portal with upgraded navigation and clean
user interface. Other new features to include archived press releases,
social networking integration with links to all of our online presences,
and a meet the team page with direct contact information of the sales and
executive team.
3. Enhanced toolbox for quick unit of measure conversion calculations to
simplify ordering practices.
"We're pleased with the launch of our newly designed site and its ability to take our web presence to the next level," said Kevin Keneally, Chief Executive Officer. "We wanted to improve our customers' access to Bloomer's custom engineered film capabilities and solutions with the ultimate objective of expanding BPI's market reach."
The new website can be accessed at http://www.BloomerPlastics.com.
About Bloomer Plastics:
A leading domestic and international engineered films producer for high performance industrial, medical, automotive, agricultural and consumer market segments, Bloomer Plastics excels in design of value-added cast embossed film structures and laminations for the most demanding applications. Certified to ISO 9001:2008 standards, the company is focused on offering exceptional speed to market for new product development and excels in delivering quality, service and technology to its valued customer base.
SOURCE Bloomer Plastics, Inc.
Photo:http://photos.prnewswire.com/prnh/20121116/CG15313LOGO
http://photoarchive.ap.org/
Bloomer Plastics, Inc.
CONTACT: Jerry Kolanczyk, 1-800-638-0479, jerryk@bloomerplastics.com
Web Site: http://www.BloomerPlastics.com
RetailMeNot Shoppers Trend Report Explores 2012 Black Friday Outlook
Poster: SySAdmin
Posted on November 16, 2012 at 2:21:01 PM
RetailMeNot Shoppers Trend Report Explores 2012 Black Friday Outlook
Year-over-year survey data reveals changing consumer attitudes about holiday spending, promotional offers, most desirable gifts and online shopping
AUSTIN, Texas, Nov. 16, 2012 /PRNewswire/ -- RetailMeNot.com (http://www.retailmenot.com), the largest online coupon site in the United States, today released its second annual Black Friday edition of its Shoppers Trend Report (STR), which identifies retail purchase patterns and consumer trends leading up to the 2012 holiday shopping season.
(Logo: http://photos.prnewswire.com/prnh/20120308/DA66724LOGO-b)
To understand changing consumer sentiments concerning the holiday shopping season, RetailMeNot compared findings from its newly released 2012 Black Friday survey conducted by The Omnibus Company (http://www.omnibus.com), a division of Kelton, against results from a similar 2011 Black Friday survey.
Comparisons of 2011 and 2012 holiday shopping survey data revealed that of consumers planning to shop this holiday season, fewer plan to scale back their budgets compared to those surveyed last year.
-- This year 71% of holiday shoppers plan to spend "about the same" or
"more" than they spent last year vs. 63% who said "about the same" or
"more" in 2011.
-- This year 29% plan to spend "less" than they spent last year vs. 37%
who said "less" in 2011.
-- This year 26% plan to spend "more" than they spent last year vs. 11%
who said "more" in 2011.
-- This year 45% say they intend to spend "about the same" as they
spent last year vs. 52% who said "about the same" in 2011.
-- This holiday shopping season, consumers expect to spend an average of
$172 per person on gifts.
-- Men plan to spend an average of $215 per person on gifts, while
women plan to spend an average of $131 per person.
-- Holiday shoppers ages 30-39 plan to spend the most this holiday
season on gifts, reporting an average of $245 per person.
The STR also revealed other consumer shopping insights leading into the holiday shopping season:
PREFERRED PROMOTIONAL OFFERS
-- When asked which type of promotional offer would be most likely to
result in a purchase, consumers who would be interested in such an offer
at all express interest in a buy one, get one free deal (45%), followed
by a specific dollar amount off (17%) or a specific percentage off
(17%), then free shipping (16%).
-- In 2011, free shipping ranked first in popularity with 26%, followed
closely by a certain percentage off (23%), buy one, get one free
offers (20%) and a certain dollar amount off (18%).
-- Similar to 2011, very few consumers this year are most inclined to
purchase an item if the promotional offer is a loyalty program
points benefit (3%), while 3% would never purchase an item using a
promotional offer, down from 11% last year.
WHAT'S ON YOUR HOLIDAY SHOPPING LIST?
-- According to the survey, clothing and accessories is the most popular
gift category again this year, with 28% of consumers stating most of
their purchases will fall within that category. In 2011, a majority
(54%) of consumers said clothing and accessories were most likely to be
on their gift lists.
-- Other popular items topping the list for shoppers this year include
consumer electronics, such as TVs, video games, tablets, e-readers and
mobile phones (22%); toys (18%); and books, movies & music (12%).
-- This year, very few report that most of their gift purchases will be in
home goods (6%), bath & beauty (4%), travel (2%) or luxury (1%) gifts.
-- In 2011, popular items included books, movies and music (44%);
consumer electronics. such as TVs, e-readers and video games (37%);
toys (34%); bath and beauty products/treatments (26%); and furniture
or appliances (18%).
-- This year, men will be more likely than women to make most of their gift
purchases in the consumer electronics category (30% versus 14%).
TO SHOP AT WORK OR NOT?
This year, 69% of shoppers plan to do more or the same amount of online shopping for gifts this holiday season.
-- Shopping online for holiday gifts more this year than last year is more
common among:
-- Consumers age 18-39 (40%) vs. those over 40 years of age (20%).
-- Those who will spend more than $75 per person on gifts (38%) vs.
consumers who will spend less money (22%).
-- Consumers who use a mobile device (38%) vs. those who don't (17%).
-- Consumers who plan to purchase tech gifts this year (38%) vs. those
who don't (16%).
-- 86% of working adults who intend to shop online this holiday season plan
to shop online during work hours, and report spending an average of four
hours a day doing so. In 2011, only about half of working adults (46%)
planned to spend time shopping for the holidays online during work
hours, including 11% who expected to spend five hours or more doing so.
-- Parents are more likely to spend four or more hours shopping online
at work than shoppers without children (34% vs. 26%).
Visit RetailMeNot.com/deals/blackfriday or download the RetailMeNot Coupons app for iPhone and Android to search for thousands online and in-store offers this season and score the savings you want.
Survey Methodology:
The Kelton survey was conducted between November 6 and November 12, 2012, among 1,091 Americans ages 18 and over using an email invitation and an online survey. Quotas are set to ensure reliable and accurate representation of the entire U.S. population ages 18 and over.
Results of any sample are subject to sampling variation. The magnitude of the variation is measurable and is affected by the number of interviews and the level of the percentages expressing the results. In this particular study, the chances are 95 in 100 that a survey result does not vary, plus or minus, by more than 3 percentage points from the result that would be obtained if interviews had been conducted with all persons in the universe represented by the sample. The margin of error for any subgroups will be slightly higher.
About RetailMeNot.com
RetailMeNot.com (http://www.retailmenot.com) is the leading consumer destination for collaborative online coupon, deal and promotional code hunting and sharing. Our mission is to help consumers save money and enjoy a hassle-free discount shopping experience. Since November 2006, our users have shared hundreds of thousands of deals and offers from retailers from across the globe. Online coupons are rated and ranked by users, ensuring that quality deals rise to the top and expired coupons drop down the list. RetailMeNot.com is operated by WhaleShark Media, Inc., the world's leading marketplace for online coupons and deals.
Shopping on the go? Download the RetailMeNot Coupons app for iPhone and Android phones to access Hot Deals, browse top coupons, popular stores and categories and get thousands of online and in-store coupons to shop when you want, where you want. Make sure to "like" RetailMeNot.com on Facebook, follow the company via Twitter @retailmenot and add us on Google+.
About WhaleShark Media, Inc.
WhaleShark Media, Inc. (http://www.whalesharkmedia.com) is the world's leading marketplace for online coupons and deals. The company's websites enable consumers seeking to save money to find hundreds of thousands of offers from retailers across the globe. WhaleShark Media experiences more than 400 million consumer visits to its sites every year. The WhaleShark Media portfolio of coupon and deal websites includes http://www.RetailMeNot.com, the largest online coupon site in the United States; http://www.VoucherCodes.co.uk, the largest online coupon site in the United Kingdom; http://www.Deals.com in Germany; web.Bons-de-Reduction.com and
http://www.Poulpeo.com in France; http://www.Deals2Buy.com; http://www.CouponSeven.com; and http://www.CouponShare.com. WhaleShark Media is a fast-growing, profitable company funded by venture capital firms Austin Ventures, Norwest Venture Partners, Adams Street Partners, Google Ventures, J.P. Morgan Asset Management, and Institutional Venture Partners (IVP).
Be sure to "like" WhaleShark Media on Facebook and follow the company via Twitter @whalesharkmedia.
Media Contacts:
Brian Hoyt
RetailMeNot.com
+1 512 777 2957 office
+1 202 330 3070 mobile
bhoyt@retailmenot.com
Kristen Nelson
RetailMeNot.com
+1 512 777 2887 office
+1 832 398 5792 mobile
knelson@retailmenot.com
Allison+Partners (for RetailMeNot.com)
retailmenot@allisonpr.com
SOURCE RetailMeNot.com
Photo:http://photos.prnewswire.com/prnh/20120308/DA66724LOGO-b
http://photoarchive.ap.org/
RetailMeNot.com
Year-over-year survey data reveals changing consumer attitudes about holiday spending, promotional offers, most desirable gifts and online shopping
AUSTIN, Texas, Nov. 16, 2012 /PRNewswire/ -- RetailMeNot.com (http://www.retailmenot.com), the largest online coupon site in the United States, today released its second annual Black Friday edition of its Shoppers Trend Report (STR), which identifies retail purchase patterns and consumer trends leading up to the 2012 holiday shopping season.
(Logo: http://photos.prnewswire.com/prnh/20120308/DA66724LOGO-b)
To understand changing consumer sentiments concerning the holiday shopping season, RetailMeNot compared findings from its newly released 2012 Black Friday survey conducted by The Omnibus Company (http://www.omnibus.com), a division of Kelton, against results from a similar 2011 Black Friday survey.
Comparisons of 2011 and 2012 holiday shopping survey data revealed that of consumers planning to shop this holiday season, fewer plan to scale back their budgets compared to those surveyed last year.
-- This year 71% of holiday shoppers plan to spend "about the same" or
"more" than they spent last year vs. 63% who said "about the same" or
"more" in 2011.
-- This year 29% plan to spend "less" than they spent last year vs. 37%
who said "less" in 2011.
-- This year 26% plan to spend "more" than they spent last year vs. 11%
who said "more" in 2011.
-- This year 45% say they intend to spend "about the same" as they
spent last year vs. 52% who said "about the same" in 2011.
-- This holiday shopping season, consumers expect to spend an average of
$172 per person on gifts.
-- Men plan to spend an average of $215 per person on gifts, while
women plan to spend an average of $131 per person.
-- Holiday shoppers ages 30-39 plan to spend the most this holiday
season on gifts, reporting an average of $245 per person.
The STR also revealed other consumer shopping insights leading into the holiday shopping season:
PREFERRED PROMOTIONAL OFFERS
-- When asked which type of promotional offer would be most likely to
result in a purchase, consumers who would be interested in such an offer
at all express interest in a buy one, get one free deal (45%), followed
by a specific dollar amount off (17%) or a specific percentage off
(17%), then free shipping (16%).
-- In 2011, free shipping ranked first in popularity with 26%, followed
closely by a certain percentage off (23%), buy one, get one free
offers (20%) and a certain dollar amount off (18%).
-- Similar to 2011, very few consumers this year are most inclined to
purchase an item if the promotional offer is a loyalty program
points benefit (3%), while 3% would never purchase an item using a
promotional offer, down from 11% last year.
WHAT'S ON YOUR HOLIDAY SHOPPING LIST?
-- According to the survey, clothing and accessories is the most popular
gift category again this year, with 28% of consumers stating most of
their purchases will fall within that category. In 2011, a majority
(54%) of consumers said clothing and accessories were most likely to be
on their gift lists.
-- Other popular items topping the list for shoppers this year include
consumer electronics, such as TVs, video games, tablets, e-readers and
mobile phones (22%); toys (18%); and books, movies & music (12%).
-- This year, very few report that most of their gift purchases will be in
home goods (6%), bath & beauty (4%), travel (2%) or luxury (1%) gifts.
-- In 2011, popular items included books, movies and music (44%);
consumer electronics. such as TVs, e-readers and video games (37%);
toys (34%); bath and beauty products/treatments (26%); and furniture
or appliances (18%).
-- This year, men will be more likely than women to make most of their gift
purchases in the consumer electronics category (30% versus 14%).
TO SHOP AT WORK OR NOT?
This year, 69% of shoppers plan to do more or the same amount of online shopping for gifts this holiday season.
-- Shopping online for holiday gifts more this year than last year is more
common among:
-- Consumers age 18-39 (40%) vs. those over 40 years of age (20%).
-- Those who will spend more than $75 per person on gifts (38%) vs.
consumers who will spend less money (22%).
-- Consumers who use a mobile device (38%) vs. those who don't (17%).
-- Consumers who plan to purchase tech gifts this year (38%) vs. those
who don't (16%).
-- 86% of working adults who intend to shop online this holiday season plan
to shop online during work hours, and report spending an average of four
hours a day doing so. In 2011, only about half of working adults (46%)
planned to spend time shopping for the holidays online during work
hours, including 11% who expected to spend five hours or more doing so.
-- Parents are more likely to spend four or more hours shopping online
at work than shoppers without children (34% vs. 26%).
Visit RetailMeNot.com/deals/blackfriday or download the RetailMeNot Coupons app for iPhone and Android to search for thousands online and in-store offers this season and score the savings you want.
Survey Methodology:
The Kelton survey was conducted between November 6 and November 12, 2012, among 1,091 Americans ages 18 and over using an email invitation and an online survey. Quotas are set to ensure reliable and accurate representation of the entire U.S. population ages 18 and over.
Results of any sample are subject to sampling variation. The magnitude of the variation is measurable and is affected by the number of interviews and the level of the percentages expressing the results. In this particular study, the chances are 95 in 100 that a survey result does not vary, plus or minus, by more than 3 percentage points from the result that would be obtained if interviews had been conducted with all persons in the universe represented by the sample. The margin of error for any subgroups will be slightly higher.
About RetailMeNot.com
RetailMeNot.com (http://www.retailmenot.com) is the leading consumer destination for collaborative online coupon, deal and promotional code hunting and sharing. Our mission is to help consumers save money and enjoy a hassle-free discount shopping experience. Since November 2006, our users have shared hundreds of thousands of deals and offers from retailers from across the globe. Online coupons are rated and ranked by users, ensuring that quality deals rise to the top and expired coupons drop down the list. RetailMeNot.com is operated by WhaleShark Media, Inc., the world's leading marketplace for online coupons and deals.
Shopping on the go? Download the RetailMeNot Coupons app for iPhone and Android phones to access Hot Deals, browse top coupons, popular stores and categories and get thousands of online and in-store coupons to shop when you want, where you want. Make sure to "like" RetailMeNot.com on Facebook, follow the company via Twitter @retailmenot and add us on Google+.
About WhaleShark Media, Inc.
WhaleShark Media, Inc. (http://www.whalesharkmedia.com) is the world's leading marketplace for online coupons and deals. The company's websites enable consumers seeking to save money to find hundreds of thousands of offers from retailers across the globe. WhaleShark Media experiences more than 400 million consumer visits to its sites every year. The WhaleShark Media portfolio of coupon and deal websites includes http://www.RetailMeNot.com, the largest online coupon site in the United States; http://www.VoucherCodes.co.uk, the largest online coupon site in the United Kingdom; http://www.Deals.com in Germany; web.Bons-de-Reduction.com and
http://www.Poulpeo.com in France; http://www.Deals2Buy.com; http://www.CouponSeven.com; and http://www.CouponShare.com. WhaleShark Media is a fast-growing, profitable company funded by venture capital firms Austin Ventures, Norwest Venture Partners, Adams Street Partners, Google Ventures, J.P. Morgan Asset Management, and Institutional Venture Partners (IVP).
Be sure to "like" WhaleShark Media on Facebook and follow the company via Twitter @whalesharkmedia.
Media Contacts:
Brian Hoyt
RetailMeNot.com
+1 512 777 2957 office
+1 202 330 3070 mobile
bhoyt@retailmenot.com
Kristen Nelson
RetailMeNot.com
+1 512 777 2887 office
+1 832 398 5792 mobile
knelson@retailmenot.com
Allison+Partners (for RetailMeNot.com)
retailmenot@allisonpr.com
SOURCE RetailMeNot.com
Photo:http://photos.prnewswire.com/prnh/20120308/DA66724LOGO-b
http://photoarchive.ap.org/
RetailMeNot.com
Advanstar Global LLC to Acquire ENK Fashion Tradeshows
Poster: SySAdmin
Posted on November 16, 2012 at 2:21:01 PM
Advanstar Global LLC to Acquire ENK Fashion Tradeshows
Combined Portfolio of MAGIC, PROJECT, and Fashion Coterie Creates Premier Fashion Exhibition Company
NEW YORK, Nov. 16, 2012 /PRNewswire/ -- Advanstar Global LLC ("Advanstar Global"), a multi-platform events and information services company and owner of Advanstar Communications, today announced that it has signed a definitive agreement to acquire ENK International LLC ("ENK"). ENK organizes leading fashion events in New York, Las Vegas, Europe and Asia, featuring properties such as Fashion Coterie, Intermezzo and Accessorie Circuit. Through this acquisition, Advanstar Global will significantly expand its global event portfolio, adding ENK's brands to its MAGIC, PROJECT, FN Platform, Licensing International, and other tradeshows, conferences, and events.
"Having ENK, MAGIC and PROJECT within the same family of companies provides the fashion industry a choice of intimate and customized environments that satisfy their market needs. This allows us to be more responsive to our customers as we work to coordinate dates and venues, which makes the process more valuable for exhibitors and retailers," said Joe Loggia, Advanstar Global's CEO. "Moreover, Advanstar Global has made significant investments in new technology that will enable our company to further drive value, service and solutions across the entire fashion marketplace."
Advanstar Global's financial sponsors, which include Anchorage Capital Group LLC, Ares Management LLC, and Veronis Suhler Stevenson, are confident that with ENK, Advanstar Global will provide a destination and total solution for buyers and sellers in the fashion community - across all platforms and segments worldwide.
While ENK and Advanstar Communications will continue to be operated separately, ENK customers will have access to Advanstar Global's new "Shop the Floor" digital solution, slated to launch in early 2013. Shop the Floor combines the power of personal connections with the convenience of an online marketplace, creating fashion's largest digital business network. Shop the Floor will extend MAGIC and ENK beyond the show floor to cover the entire market cycle, improving the in-season experience for buyers and brands alike.
Leaders in the industry are advocates of this alliance. According to David Witman, GMM Menswear, Nordstrom, "The evolution of MAGIC, PROJECT, and ENK will form the most comprehensive collection of tradeshows serving every major fashion segment. As retailers, we benefit from expanded access to all of the key brands, diversity of in-market offerings, and a more impactful experience. It's the smart thing to do for our industry."
Likewise, leading fashion brands support the acquisition and the benefits it provides. "The combined talent driving this initiative will create the best show space in our industry. We support it and look forward to an evolution of concept and a curated experience that will help us anticipate trends and drive growth in our business through broader access to key retailers," offered Jeff Rudes, Founder and CEO, J Brand.
About Advanstar Global:
Advanstar Global LLC is the parent company of Advanstar Communications Inc. (http://www.advanstar.com), a leading marketing, media and events company providing integrated solutions for the Fashion, Licensing, Life Sciences and Powersports industries. The company leverages its portfolio of 141 events, 60 publications, 233 electronic products, as well as educational and direct marketing products to facilitate commerce by connecting buyers and sellers across its vertical markets.
Media Contact:
Laura Zilverberg
623.201.5556
612.240.4034 (cell)
magic@allisonpr.com
SOURCE Advanstar Global LLC
Advanstar Global LLC
Web Site: http://www.advanstar.com
Combined Portfolio of MAGIC, PROJECT, and Fashion Coterie Creates Premier Fashion Exhibition Company
NEW YORK, Nov. 16, 2012 /PRNewswire/ -- Advanstar Global LLC ("Advanstar Global"), a multi-platform events and information services company and owner of Advanstar Communications, today announced that it has signed a definitive agreement to acquire ENK International LLC ("ENK"). ENK organizes leading fashion events in New York, Las Vegas, Europe and Asia, featuring properties such as Fashion Coterie, Intermezzo and Accessorie Circuit. Through this acquisition, Advanstar Global will significantly expand its global event portfolio, adding ENK's brands to its MAGIC, PROJECT, FN Platform, Licensing International, and other tradeshows, conferences, and events.
"Having ENK, MAGIC and PROJECT within the same family of companies provides the fashion industry a choice of intimate and customized environments that satisfy their market needs. This allows us to be more responsive to our customers as we work to coordinate dates and venues, which makes the process more valuable for exhibitors and retailers," said Joe Loggia, Advanstar Global's CEO. "Moreover, Advanstar Global has made significant investments in new technology that will enable our company to further drive value, service and solutions across the entire fashion marketplace."
Advanstar Global's financial sponsors, which include Anchorage Capital Group LLC, Ares Management LLC, and Veronis Suhler Stevenson, are confident that with ENK, Advanstar Global will provide a destination and total solution for buyers and sellers in the fashion community - across all platforms and segments worldwide.
While ENK and Advanstar Communications will continue to be operated separately, ENK customers will have access to Advanstar Global's new "Shop the Floor" digital solution, slated to launch in early 2013. Shop the Floor combines the power of personal connections with the convenience of an online marketplace, creating fashion's largest digital business network. Shop the Floor will extend MAGIC and ENK beyond the show floor to cover the entire market cycle, improving the in-season experience for buyers and brands alike.
Leaders in the industry are advocates of this alliance. According to David Witman, GMM Menswear, Nordstrom, "The evolution of MAGIC, PROJECT, and ENK will form the most comprehensive collection of tradeshows serving every major fashion segment. As retailers, we benefit from expanded access to all of the key brands, diversity of in-market offerings, and a more impactful experience. It's the smart thing to do for our industry."
Likewise, leading fashion brands support the acquisition and the benefits it provides. "The combined talent driving this initiative will create the best show space in our industry. We support it and look forward to an evolution of concept and a curated experience that will help us anticipate trends and drive growth in our business through broader access to key retailers," offered Jeff Rudes, Founder and CEO, J Brand.
About Advanstar Global:
Advanstar Global LLC is the parent company of Advanstar Communications Inc. (http://www.advanstar.com), a leading marketing, media and events company providing integrated solutions for the Fashion, Licensing, Life Sciences and Powersports industries. The company leverages its portfolio of 141 events, 60 publications, 233 electronic products, as well as educational and direct marketing products to facilitate commerce by connecting buyers and sellers across its vertical markets.
Media Contact:
Laura Zilverberg
623.201.5556
612.240.4034 (cell)
magic@allisonpr.com
SOURCE Advanstar Global LLC
Advanstar Global LLC
Web Site: http://www.advanstar.com
American City Business Journals Acquires Streetwise Media
Poster: SySAdmin
Posted on November 16, 2012 at 2:14:01 PM
American City Business Journals Acquires Streetwise Media
CHARLOTTE, N.C., Nov. 16, 2012 /PRNewswire/ -- American City Business Journals, the nation's largest print and online publisher of local business news, has acquired Streetwise Media, a Boston-based digital media company that uses a community publishing platform to cover local news.
Terms of the transaction were not disclosed.
Streetwise currently operates two web sites - http://www.bostinno.com in Boston and http://www.inthecapital.com in Washington, D.C. - that focus on local news about business, innovation and technology, education, politics and lifestyles. The sites are targeted at young professionals in their 20's and 30's.
Collectively, the Streetwise sites attracted more than 2.6 million unique visitors in the last month and had more than 9 million page views.
"In a short amount of time, Streetwise has attracted a very loyal and robust audience that is different from but complementary to what we do at our business journals in Boston, Washington and elsewhere," said Whitney Shaw, president and chief executive officer of ACBJ.
"We're looking forward to helping Streetwise grow its business significantly and feel that many of the things we experienced building American City have a direct application to their efforts."
Streetwise founders Chase Garbarino and Kevin McCarthy will remain with the company as chief executive officer and chief technology officer, respectively. The company will continue to be based in Boston.
"We are incredibly excited to be joining the ACBJ team and are honored to have the chance to work with Whit and his team," said Garbarino. "ACBJ is the ideal partner to help us to continue to innovate within local media online and to expand to new cities. With the support of their experience and nationwide platform, we believe Streetwise can become the country's leading local news platform."
American City Business Journals publishes weekly business journals in 40 major cities, has more than 45 business news web sites (http://www.bizjournals.com) and produces more than 700 signature business-to-business events nationally every year. It also owns the Sporting News (http://www.sportingnews.com), the nation's oldest sports media company; Hemmings Motor News, serving the collector car market; Inside Lacrosse and NASCAR Illustrated.
ACBJ is a unit of Advance Publications Inc., which also owns Conde Nast Magazines, Parade magazine, Fairchild Publications, the Golf Digest companies, Newhouse Newspapers and cable television interests.
SOURCE American City Business Journals
American City Business Journals
CONTACT: Jeff Sauls, +1-704-941-4403, jsauls@bizjournals.com
Web Site: http://www.bizjournals.com
CHARLOTTE, N.C., Nov. 16, 2012 /PRNewswire/ -- American City Business Journals, the nation's largest print and online publisher of local business news, has acquired Streetwise Media, a Boston-based digital media company that uses a community publishing platform to cover local news.
Terms of the transaction were not disclosed.
Streetwise currently operates two web sites - http://www.bostinno.com in Boston and http://www.inthecapital.com in Washington, D.C. - that focus on local news about business, innovation and technology, education, politics and lifestyles. The sites are targeted at young professionals in their 20's and 30's.
Collectively, the Streetwise sites attracted more than 2.6 million unique visitors in the last month and had more than 9 million page views.
"In a short amount of time, Streetwise has attracted a very loyal and robust audience that is different from but complementary to what we do at our business journals in Boston, Washington and elsewhere," said Whitney Shaw, president and chief executive officer of ACBJ.
"We're looking forward to helping Streetwise grow its business significantly and feel that many of the things we experienced building American City have a direct application to their efforts."
Streetwise founders Chase Garbarino and Kevin McCarthy will remain with the company as chief executive officer and chief technology officer, respectively. The company will continue to be based in Boston.
"We are incredibly excited to be joining the ACBJ team and are honored to have the chance to work with Whit and his team," said Garbarino. "ACBJ is the ideal partner to help us to continue to innovate within local media online and to expand to new cities. With the support of their experience and nationwide platform, we believe Streetwise can become the country's leading local news platform."
American City Business Journals publishes weekly business journals in 40 major cities, has more than 45 business news web sites (http://www.bizjournals.com) and produces more than 700 signature business-to-business events nationally every year. It also owns the Sporting News (http://www.sportingnews.com), the nation's oldest sports media company; Hemmings Motor News, serving the collector car market; Inside Lacrosse and NASCAR Illustrated.
ACBJ is a unit of Advance Publications Inc., which also owns Conde Nast Magazines, Parade magazine, Fairchild Publications, the Golf Digest companies, Newhouse Newspapers and cable television interests.
SOURCE American City Business Journals
American City Business Journals
CONTACT: Jeff Sauls, +1-704-941-4403, jsauls@bizjournals.com
Web Site: http://www.bizjournals.com
Funky Barn Brings Frenzied Farm Fun To Nintendo's Wii U(TM)
Poster: SySAdmin
Posted on November 16, 2012 at 12:07:02 PM
Funky Barn Brings Frenzied Farm Fun To Nintendo's Wii U(TM)
WOODLAND HILLS, Calif., Nov. 16, 2012 /PRNewswire/ -- It is time for gamers to harvest crops and shear some sheep with the launch of Funky Barn, the wild and wacky farm simulation for Nintendo's new Wii U(TM) system.
For assets go here
Published by 505 Games and developed by Tantalus Media, Funky Barn lets players engage in hands-on farming as they raise and manage animals with quirky personalities, use offbeat farm equipment such as The Shearing Machine and The Egg Collector and manage their open-world farm by balancing a budget, laying down roads, planting trees, protecting the land against natural disasters and more.
The innovative Wii U(TM) GamePad(TM) lets gamers shake trees to make fruit fall, map out how to build the farm and interact with the farm animals using the touchscreen and microphone.
Funky Barn has been rated E by the ESRB and is priced at $49.99 for Wii U.
About 505 Games
505 Games is a global video game publisher focused on offering a broad selection of titles for players of all ages and levels. The company publishes games on all leading console and handheld platforms as well as for mobile devices and social networks. Product highlights include Sniper Elite V2,Naughty Bear, Rugby World Cup 2011 and IL2 Sturmovik: Birds of Prey.
505 Games is headquartered in Milton Keynes, UK with offices in Los Angeles, Lyon, Munich, Milan and Madrid and a network of distribution partners within the Nordic territories and Australia. For more information on 505 Games and its products please visit http://www.505games.com
About Tantalus Media
With seventeen years in the business and a portfolio of almost forty titles on most major platforms, Tantalus is one of the world's leading independent development studios. Renowned for handheld work on franchises such as SpongeBob, MX vs ATV, Cars, Ben 10 and the million-unit-selling Pony Friends, Tantalus also develops for the current generation of consoles. The company is based in Melbourne, Australia. For more information visit http://www.tantalus.com.au.
Wii U is a trademark of Nintendo. ©2012 Nintendo.
For Media Inquiries Please Contact:
Lisa Fields
Public Relations Director, North America
505 Games
lfields@505games.com
(818) 540-3013
SOURCE 505 Games
505 Games
Web Site: http://www.505games.com
WOODLAND HILLS, Calif., Nov. 16, 2012 /PRNewswire/ -- It is time for gamers to harvest crops and shear some sheep with the launch of Funky Barn, the wild and wacky farm simulation for Nintendo's new Wii U(TM) system.
For assets go here
Published by 505 Games and developed by Tantalus Media, Funky Barn lets players engage in hands-on farming as they raise and manage animals with quirky personalities, use offbeat farm equipment such as The Shearing Machine and The Egg Collector and manage their open-world farm by balancing a budget, laying down roads, planting trees, protecting the land against natural disasters and more.
The innovative Wii U(TM) GamePad(TM) lets gamers shake trees to make fruit fall, map out how to build the farm and interact with the farm animals using the touchscreen and microphone.
Funky Barn has been rated E by the ESRB and is priced at $49.99 for Wii U.
About 505 Games
505 Games is a global video game publisher focused on offering a broad selection of titles for players of all ages and levels. The company publishes games on all leading console and handheld platforms as well as for mobile devices and social networks. Product highlights include Sniper Elite V2,Naughty Bear, Rugby World Cup 2011 and IL2 Sturmovik: Birds of Prey.
505 Games is headquartered in Milton Keynes, UK with offices in Los Angeles, Lyon, Munich, Milan and Madrid and a network of distribution partners within the Nordic territories and Australia. For more information on 505 Games and its products please visit http://www.505games.com
About Tantalus Media
With seventeen years in the business and a portfolio of almost forty titles on most major platforms, Tantalus is one of the world's leading independent development studios. Renowned for handheld work on franchises such as SpongeBob, MX vs ATV, Cars, Ben 10 and the million-unit-selling Pony Friends, Tantalus also develops for the current generation of consoles. The company is based in Melbourne, Australia. For more information visit http://www.tantalus.com.au.
Wii U is a trademark of Nintendo. ©2012 Nintendo.
For Media Inquiries Please Contact:
Lisa Fields
Public Relations Director, North America
505 Games
lfields@505games.com
(818) 540-3013
SOURCE 505 Games
505 Games
Web Site: http://www.505games.com