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March 2, 2010

Frequentis Standardizes on Coverity for Safety-Critical Software Code Integrity

Poster: SySAdmin
Posted on March 2, 2010 at 8:28:01 AM
Frequentis Standardizes on Coverity for Safety-Critical Software Code Integrity

Global Market Leader for Air Traffic Control Systems Adopts Coverity Static Analysis to Meet Stringent Safety, Quality and Integrity Standards

SAN FRANCISCO, March 2 -- Coverity, Inc., the software integrity leader, today announced that Frequentis, a leading international supplier of control center solutions, has standardized on Coverity Static Analysis to find and eliminate software defects across its product lines.

Headquartered in Vienna, Austria, Frequentis is a global market leader in communications and information solutions for safety-critical applications. Frequentis' products, services and solutions are distributed in more than 80 countries worldwide for customers in civil air traffic management, defense, public safety, public transport and maritime sectors.

Driven by rigorous safety and quality standards requiring freedom of failure, Frequentis wanted to add another layer of quality control to its already rigorous product development lifecycle--essential given that its communications and information solutions are deployed in mission-critical fields where safety cannot be compromised. The Software Quality organization took up the task of finding the answer to its development teams' needs: Coverity Static Analysis.

Since initial deployment, Frequentis has standardized on Coverity Static Analysis across its seven development teams. Because the solution continually identifies defects that are difficult to detect in testing and code reviews, while producing less than a 10 percent false positive rate, the development teams have eagerly adopted Coverity, providing Frequentis with a safety net while improving developer efficiency.

Frequentis has also built Coverity into its audit process to demonstrate compliance with internal and external safety and quality standards such as IEEE12207, IEC 61508 and ISO9000. Coverity reports detailing the number of defects identified and fixed, as well as metrics tracking defect status against the number of faults allowed, are required for submission to customers with every product release. This not only provides Frequentis' development team with objective metrics and a quantifiable goal to work towards to ensure product quality and safety, but also increases customer confidence and satisfaction.

"Due to our products being used in mission-critical fields, Frequentis must adhere to the highest standards of safety and integrity," said Andreas Gerstinger, Software Quality and Software Safety Engineer at Frequentis. "Coverity is now another critical pillar of our quality process. Coverity Static Analysis finds software defects that are difficult, if not impossible, to find during testing and manual code reviews. Coverity is a great complement to our existing processes and tools, and is a productivity enhancing solution that has been eagerly adopted by our entire development organization."

Coverity Static Analysis is the industry leading static analysis solution. It leverages the most sophisticated, patented analysis techniques for finding and eliminating hard-to-spot, crash-causing defects in software code at the earliest phase of the development lifecycle. Coverity Static Analysis automatically scans complex heterogeneous C/C++, Java and C# code bases with no changes to the code or build system, scaling to any size code base in a single analysis. Coverity Static Analysis' intuitive interface makes it easy for developers to quickly find the defects they own, zoom in instantly on the priority defects that matter and save resolution time through state of the art defect triage--increasing productivity and reducing the risk of costly product quality issues.

To read the complete Frequentis case study, visit http://www.coverity.com/html/research-library.html. For more information on Coverity Static Analysis, visit http://www.coverity.com/coverity5. To learn more about software integrity, visit the Coverity blog at http://blog.coverity.com/ or follow @coverity on Twitter.

About Coverity

Coverity (http://www.coverity.com), the software integrity leader, is the trusted standard for companies that have a zero-tolerance policy for software failures, defects and security breaches. Coverity's award-winning portfolio of software integrity products discovers software defects in development before they can impact the business. More than 900 customers rely on Coverity to help them deliver high-integrity software. Coverity is a privately held company headquartered in San Francisco.

Source: Coverity, Inc.
   

CONTACT:  Chantal Yang of Page One Public Relations, +1-415-875-7494,
coverity@pageonepr.com, for Coverity, Inc.

Web Site:  http://www.coverity.com/
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Starting at 25 cents, TI's new MSP430(TM) MCU Value Line gives 8-bit developers up to 10X performance and 10X battery life

Poster: SySAdmin
Posted on March 2, 2010 at 8:28:01 AM
Starting at 25 cents, TI's new MSP430(TM) MCU Value Line gives 8-bit developers up to 10X performance and 10X battery life

Roadmap of 100 new MCUs delivers superior performance and leading ultra-low power to a broad range of applications, including safety, security and touch sense

DALLAS, March 2 -- Committed to solving the growing performance and efficiency challenges of the 8-bit market, Texas Instruments Incorporated (TI) (NYSE:TXN) today announced the MSP430 microcontroller (MCU) Value Line that offers superior 16-bit MCU performance and industry leading ultra-low power consumption at ultra-low 8-bit MCU prices. Starting at 25 cents, the Value Line ensures 8-bit developers no longer need to sacrifice performance, power efficiency or scalability because of price. The roadmap includes more than 100 MCUs to be released over the next 15 months, providing developers with a broad portfolio to best fit their memory, peripheral and packaging configuration needs. The new MSP430G2xx devices are code compatible across the MSP430 MCU platform, enabling easy code migration and upgrades to higher-end devices as application requirements evolve. The new MCUs are also supported by TI's easy-to-use MSP430 tools, free software and broad third party support network, driving faster time-to-market across a broad range of cost sensitive applications, including safety, security and touch sense. For more information, please visit http://www.ti.com/430value-pr.

  Key features and benefits of the Value Line
  --  Up to 10X performance, including true 16 MIPS operation, and 50
      percent greater code density, driving increased headroom for
      functionality over low cost 8-bit MCU solutions
  --  Five power modes with ultra-low standby power of 0.4 microamps  and <1
      microseconds wake-up time enable 10X battery life over 8-bit solutions
  --  Integrated intelligent peripherals, such as 10-bit ADCs, UART,
      comparator and serial communication, offload CPU tasks for increased
      power efficiency
  --  First 27 MSP430G2xx devices are immediately available to order and
      include up to 2KB Flash and 128B RAM and future devices will include
      up to 16KB Flash and 512B RAM
  --  $20 tools and integrated development environments feature full
      compatibility across MSP430 platform
  --  Value Line roadmap offers MCUs with integrated capacitive sense
      optimized I/Os to enable very low cost touch pad implementations

  Pricing and availability

The new MSP430G2xx MCUs are priced from $0.25 for 100K units. Samples can be ordered today at http://www.ti.com/430value_estore-pr. More than 100 devices will be introduced through 1H 2011.

TI's broad portfolio of MCUs and software

From general purpose, ultra-low power MSP430 MCUs, to Stellaris® Cortex(TM)-M3-based 32-bit MCUs and high performance, real-time control TMS320C2000(TM) MCUs, TI offers the broadest range of microcontroller solutions. Designers can accelerate time to market by tapping into TI's complete software and hardware tools, extensive third-party offerings and technical support.

Find out more about TI's MSP430 MCU Value Line by visiting the links below:

  --  MSP430G2xx MCUs: http://www.ti.com/430value-pr
  --  TI's microcontroller portfolio -
      http://www.ti.com/430value_microcontrollers-pr
  --  TI eStore: http://www.ti.com/430value_estore-pr
  --  TI MSP430 Developer Network: http://www.ti.com/430value_developernetwork-pr
  --  MSP430 tools: http://www.ti.com/430value_ez430-pr

  About Texas Instruments

Texas Instruments (NYSE:TXN) helps customers solve problems and develop new electronics that make the world smarter, healthier, safer, greener and more fun.  A global semiconductor company, TI innovates through design, sales and manufacturing operations in more than 30 countries.  For more information, go to http://www.ti.com.

Trademarks

MSP430 is a registered trademark of Texas Instruments. All registered trademarks and other trademarks belong to their respective owners.

TXN-P

Photo:  http://www.newscom.com/cgi-bin/prnh/20010105/NEF016LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk photodesk@prnewswire.com
Source: Texas Instruments Incorporated
   

CONTACT:  KyLea Ingram of GolinHarris, +1-972-341-2549,
kingram@golinharris.com, for Texas Instruments; or Patty Arellano of Texas
Instruments, +1-214-567-7828, parellano@ti.com  (Please do not publish these
numbers or email addresses.)

Web Site:  http://www.ti.com/
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Atlas Selects Duck Creek Policy Administration and Billing

Poster: SySAdmin
Posted on March 2, 2010 at 8:28:01 AM
Atlas Selects Duck Creek Policy Administration and Billing

Atlas will utilize Duck Creek products to react to a constantly changing marketplace

BOLIVAR, Mo., March 2 -- Duck Creek Technologies, Inc., a leading provider of software and services for the insurance industry, announced it signed an agreement with Atlas General Insurance Services for Duck Creek Policy Administration(TM), Duck Creek Templates(TM) for Workers' Compensation insurance and Duck Creek Billing(TM).

Atlas, headquartered in San Diego, California offers national workers' compensation insurance programs for select retail brokers.

According to Bill Trzos, President and CEO, "Atlas develops workers' compensation programs to meet the needs of a wide variety of market segments. Our brokers rely on us for competitive solutions but just as importantly for dynamic service and responsiveness. The Duck Creek system gives us the needed flexibility to service our customers in a timely and powerfully effective manner."

About Duck Creek Technologies, Inc.

Duck Creek Technologies is a leading provider of software and services to the insurance industry, providing next-generation policy administration, product configuration and definition, billing and rating for the Property & Casualty and Healthcare insurance markets. Duck Creek is dedicated to enabling customers to develop insurance products and to sell and service those products in their chosen markets with unprecedented speed to market, flexibility, reach and quality. Founded in 2000, Duck Creek is headquartered in Bolivar, Missouri, and has multiple offices within the United States, with its affiliate and licensing partner in Europe, the Middle East and Africa, Duck Creek Technologies Europe Ltd., headquartered in London. For more information, visit http://www.duckcreektech.com or call 866-382-5832.

About Atlas

Atlas General Insurance Services is a full service general insurance agency that offers a wide range of insurance solutions with a focus on workers' compensation. Atlas has expertise in developing and underwriting specialty programs with a wide variety of insurance carrier partners. Atlas has the primary goal to provide exceptional service and unique options for its clients. Atlas Insurance is a privately held company headquartered in San Diego, California. For more information, visit http://www.atlas.us.com or call 877-66-ATLAS.

  Contact:     Nancy Hines
               803.935.9331
                nhines@duckcreektech.com

Source: Duck Creek Technologies Inc.
   

CONTACT:  Nancy Hines of Duck Creek Technologies Inc., +1-803-935-9331,
nhines@duckcreektech.com

Web Site:  http://duckcreektech.com/
http://www.atlas.us.com/
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Philips Collaborates with Microsoft to Enhance Healthcare Efficiencies and Productivity

Poster: SySAdmin
Posted on March 2, 2010 at 8:28:01 AM
Philips Collaborates with Microsoft to Enhance Healthcare Efficiencies and Productivity

Combined efforts will spur informatics-driven solutions to address healthcare challenges

ANDOVER, Mass., March 2 -- Royal Philips Electronics (NYSE:PHG)(NYSE:AEX:)(NYSE:PHI) today announced collaboration with Microsoft Corp. to build on Philips Healthcare's foundation of healthcare informatics and advanced clinical decision support offerings that drive efficiency and effectiveness at the point of care. Working together, the companies aim to integrate technologies that will yield faster delivery of meaningful health information, further improve healthcare efficiency and productivity, and reduce development and infrastructure costs.

(Logo: http://www.newscom.com/cgi-bin/prnh/20091127/NY17547LOGO )

"We are driving towards a significant paradigm shift from, on the one hand, simply reporting healthcare analytics to, on the other hand, creating systems which actually provide access to health information when and where it is needed," said Deborah DiSanzo, CEO, Healthcare Informatics and Patient Monitoring, for Philips Healthcare. "Philips and Microsoft are in a unique position to work together for the betterment of the healthcare system by effectively helping to close the healthcare technology loop."

The companies share a common vision for advancing healthcare transformation: simplified clinician workflow, better financial outcomes and improved patient care.

"Information is only as powerful as the ability to share it among those that play an integral role in patient care," said Tim Smokoff, general manager of Worldwide Health at Microsoft. "This collaboration is a step toward integrating different sources of information, and then providing actionable knowledge in clear, useful formats that suit the needs of the different people who are working to improve care at the point of care."

At the Healthcare Information and Management Systems Society (HIMSS) 2010 Conference & Exhibition, Philips and Microsoft are showcasing two works-in-progress born of their collaboration: integration of Philips VISICU's eICU® Program with Microsoft Windows Server 2008 R2 and SharePoint 2010 Beta; and Philips IntelliVue XDS, which is being adapted to run on Windows 7.

Philips VISICU eICU Program

The Philips VISICU eICU Program is an integrated healthcare solution for remote, 24-hour monitoring of critically ill patients. Philips, in collaboration with Microsoft, is showcasing a conceptual Critical Care Analytics Portal designed to support executive decision-making.

Being demonstrated for feedback at HIMSS10, the eICU Program/SharePoint solution seeks to aggregate critical patient information in a way that can be easily accessed, seamlessly shared and simply utilized. Combining users' familiarity with Microsoft interfaces and SharePoint's strengths, the solution aims to create a standardized front-end analytics portal to display information from the Philips VISICU eICU Program database and enables executives to view, share and analyze ICU data relating to their health system's operations.

"In today's data-intensive, fast-paced critical care environment, specialists often make critical life and death decisions for the patients under their care," said Curtis Veal, M.D., Critical Care and eICU Medical Director for Swedish Medical Center. "We continue to utilize advanced systems like the eICU Program that facilitate shared access to both clinical and operational data for optimal delivery of patient care."

Philips IntelliVue XDS

Philips and Microsoft will also demonstrate technology interoperability with a look at the first of Philips' patient monitoring connectivity products, currently being adapted to run on Windows 7.

Philips IntelliVue XDS Clinical Workstation provides fast, convenient access to patient-focused clinical information from hospital IT systems on Philips IntelliVue monitors. XDS creates a flexible, customizable clinical workspace, combining patient monitoring views and IT applications, with the ability to interact freely among them to optimize patient care. By leveraging the user-friendly capabilities of Microsoft Windows 7, IntelliVue XDS will allows users the ability to launch multiple third-party IT applications within the familiar Windows environment.

To see the demonstrations at HIMSS, please visit the Philips Healthcare booth #1933 and Philips VISICU booth #2232.

About Royal Philips Electronics

Royal Philips Electronics of the Netherlands (NYSE:PHG)(NYSE:AEX:)(NYSE:PHI) is a diversified Health and Well-being company, focused on improving people's lives through timely innovations. As a world leader in healthcare, lifestyle and lighting, Philips integrates technologies and design into people-centric solutions, based on fundamental customer insights and the brand promise of "sense and simplicity". Headquartered in the Netherlands, Philips employs more than 116,000 employees in more than 60 countries worldwide. With sales of US$32.3 billion in 2009, the company is a market leader in cardiac care, acute care and home healthcare, energy efficient lighting solutions and new lighting applications, as well as lifestyle products for personal well-being and pleasure with strong leadership positions in flat TV, male shaving and grooming, portable entertainment and oral healthcare. News from Philips is located at http://www.philips.com/newscenter.

Photo:  http://www.newscom.com/cgi-bin/prnh/20091127/NY17547LOGO
Source: Royal Philips Electronics
   

CONTACT:  Steve Kelly, Philips Healthcare, +1-425-487-7479,
steve.kelly@philips.com; Ian Race, Philips Healthcare, +1-978-659-4624,
ian.race@philips.com

Web Site:  http://www.philips.com/newscenter
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Practice Fusion Launches Certified Consultant Network to Serve 30,000 EHR Users Nationwide

Poster: SySAdmin
Posted on March 2, 2010 at 8:21:01 AM
Practice Fusion Launches Certified Consultant Network to Serve 30,000 EHR Users Nationwide

Free, web-based electronic health record added 2,600 new users in February alone

SAN FRANCISCO, March 2 -- Practice Fusion, the nation's fastest growing electronic health record (EHR) community, announced today at the HIMSS Healthcare IT Conference in Atlanta partnerships with Certified Consultants across the US to foster the transition of physician practices from paper to electronic records.  With over 100 new medical providers signing up for Practice Fusion's EHR each business day, Practice Fusion Certified Consultants provide local assistance vital for rapid response to this increasing demand.  Doctors who adopt EHRs can qualify for $44,000 or more in economic stimulus incentives, while also increasing their data security and improving the quality of care.

  (Logo:  http://www.newscom.com/cgi-bin/prnh/20091118/PFLOGO)

  Quick facts:
  --  Practice Fusion added 2,600 medical providers in February; over 100
      new users each business day.
  --  Practice Fusion currently has 30,000 users across all 50 states and US
      territories.
  --  The network of Certified Consultants includes a diverse group of
      health IT professionals connected to small and mid-sized local medical
      practices.
  --  80 percent of US physicians practice in groups of 9 or less.

Practice Fusion is available free to any physician in the country with no installation or downtime required.  But for additional "on the ground" support, the specialized intervention of a Practice Fusion Certified Consultant can further assist doctors with going digital.  Physicians who choose a free, web-based EHR rather than a bulky system, requiring expensive software and hardware, have the financial flexibility to invest in their practice's technology and the assistance of a local expert.

"Our growing network of Certified Consultants is there to help local physicians who are ready to adopt an EHR, start working toward Meaningful Use and qualify for $44,000 worth of government incentives from the HITECH stimulus," said Ryan Howard, CEO of Practice Fusion.  "As a small business helping other small businesses, we are committed to building a Practice Fusion army of local partners to help us revolutionize the delivery of healthcare."

Practice Fusion consultants work with medical practices to set-up technology appropriate for their particular needs; from selecting an EHR system to outfitting a practice with hardware.  Consultants offer a range of expertise to help practices increase productivity and profitability as well as take advantage of the latest technology.

"Practice Fusion provides physicians with a state of the art, integrated EHR at zero cost," said Jonathan Gerber, RN, MBA, CEO of Physician Services, Inc.  "It allows us to grow our business with no increase in overhead costs, which is a lifesaver in today's economy."

Practice Fusion contracts with the highest-quality consultants to serve our users in all 50 states, Puerto Rico, Guam, Northern Mariana Islands, Virgin Islands, and American Samoa.  Practice Fusion Certified Consultants receive specialized training on our EHR along with listings on practicefusion.com.  Learn more about Practice Fusion Certified Consultants.

About Practice Fusion

Practice Fusion provides a free, web-based Electronic Health Record (EHR) system to physicians.  With charting, scheduling, e-prescribing, billing, lab integrations, unlimited support and a Personal Health Record for patients, Practice Fusion's EHR addresses the complex needs of today's healthcare providers and disrupts the health IT status quo.  Practice Fusion is the fastest growing EHR community in the country with more than 30,000 users.  The company is backed by salesforce.com (NYSE:CRM) and Morgenthaler Ventures.  For more information on Practice Fusion, please visit practicefusion.com.

  Press Contacts
  Helen Phung
  San Francisco: 415-992-7726
  helen@practicefusion.com

  Hallema Sharif Clyburn
  New York: 516-395-3630
  hallema@practicefusion.com

Available Topic Expert(s): For information on the listed expert(s), click appropriate link.

  Glenn Laffell, MD
  https://profnet.prnewswire.com/Subscriber/ExpertProfile.aspx?ei“795

  Robert Rowley, MD
  https://profnet.prnewswire.com/Subscriber/ExpertProfile.aspx?ei“796

  Ryan Howard
  https://profnet.prnewswire.com/Subscriber/ExpertProfile.aspx?ei“794

  Matt Douglass
  https://profnet.prnewswire.com/Subscriber/ExpertProfile.aspx?ei“797

Photo:  http://www.newscom.com/cgi-bin/prnh/20091118/PFLOGO
AP Archive:  http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com
Source: Practice Fusion
   

CONTACT:  Helen Phung, San Francisco, +1-415-992-7726,
helen@practicefusion.com, or Hallema Sharif Clyburn, New York,
+1-516-395-3630, hallema@practicefusion.com, both of Practice Fusion

Web Site:  http://www.practicefusion.com
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Tarsin's Capsa Mobile Application Platform Continues Breaking Through Barriers to Deliver Content Across All Four Major U.S. Operator Networks

Poster: SySAdmin
Posted on March 2, 2010 at 8:21:01 AM
Tarsin's Capsa Mobile Application Platform Continues Breaking Through Barriers to Deliver Content Across All Four Major U.S. Operator Networks

Tarsin's platform enables delivery of Hallmark Mobile Greetings, Dilbert Mobile and other brands to broader base of consumers and diversity of handsets

INCLINE VILLAGE, Nev., March 2 -- Delivering on the promise to unlock the mobile mass market for brands, Tarsin, Inc. today announced its Capsa platform achieved an industry first by successfully deploying mobile applications across the networks of the four major U.S. mobile carriers -  AT&T, Sprint, T-Mobile and Verizon Wireless.

Capsa is the force behind some of today's hottest applications, including Hallmark Mobile Greetings and United Media's Dilbert Mobile. This unprecedented mobile platform allows brands to develop and design applications only once and deploy across multiple operators, handsets and operating systems (OS) such as iPhone, Android, Blackberry, Java and Symbian. This is all without having to retool and customize the applications to fit the requirements of each mobile OS and device display.

"Brands need to reach consumers regardless of carrier or device, but shouldn't need to develop dozens of iterations of the same content to ensure that they are able to engage consumers at a mass market level," said John Osborne, CEO and co-founder of Tarsin. "Our collaboration with operators and device manufacturers allowed us to achieve the unthinkable for Hallmark Mobile and United Media by allowing these brands to reach and connect to the largest mobile consumer base. Capsa is at the heart of this achievement and continues to pave the way for how other brands can build value through the mobile channel while nurturing personal connections with their consumers."

Introduced in 2009, Capsa is the first universal mobile content delivery solution that manages and optimizes content for all screen resolutions and interfaces regardless of device, carrier or operating system. This end-to-end, versatile framework helps brands reach the unlocked potential of the mobile mass market with compelling, optimized content on thousands of devices in multiple languages. The platform's flexible Web standards-based framework allows companies to leverage existing content, generate new applications, increase revenue and improve overall business performance, instead of drowning in the back-end functionality and technical aspects of mobile content delivery. For more details, visit http://www.tarsin.com/platform.html.

"As mobile connectivity becomes an integrated part of the modern lifestyle and as networks become more open, securing consumers' interests and attentions by leveraging mobile opportunities is more vital to brands' success than ever before," said Jagdish Rebello, Ph.D., senior director and principal analyst of iSuppli Corp. "With the mobile industry's technical challenges and increasingly fragmented state, content delivery solutions that work seamlessly across multiple platforms and networks, such as the one offered by Tarsin, finally unlock the potential that mobile has to offer."

One of Tarsin's clients, Hallmark, previously faced a challenge that many brands encounter when entering the mobile space: the need to maximize reach to a mass audience in a compelling and interactive manner without spending extensive time in back-end development. Working with Tarsin, the Hallmark Mobile Greetings application was developed and is now available for a multitude of devices on all major carriers and is engaging consumers in a fun, familiar fashion.

About Tarsin, Inc.

Founded in 2002, Tarsin (http://www.tarsin.com) is a privately funded, international mobile software development firm with offices in the United States and United Kingdom. The company's revolutionary Capsa platform is the first universal mobile content delivery solution on the market today that is carrier, operating system and device agnostic. This mobile platform provides an end-to-end, Web standards based framework that enables brands and mobile operators to design once and deliver unprecedented mobile experiences. With a history of working with diverse businesses from retail, publishing and consumer packaged goods to entertainment, Tarsin provides professional application development and consulting services to clients, helping define and create mobile strategies so these brands can build and reenergize personal connections with consumers.

Source: Tarsin, Inc.
   

CONTACT:  Drew Crowell of GolinHarris, +1-972-341-2581,
dcrowell@golinharris.com, for Tarsin, Inc.

Web Site:  http://www.tarsin.com/
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SC Johnson Becomes First to Launch Spanish-Language Website as Part of Commitment to Transparency

Poster: SySAdmin
Posted on March 2, 2010 at 8:21:01 AM
SC Johnson Becomes First to Launch Spanish-Language Website as Part of Commitment to Transparency

COMPANY SOLIDIFIES LEADERSHIP POSITION IN PRODUCT INGREDIENT RESPONSIBILITY AND DISCLOSURE REACHING MORE THAN 35 MILLION SPANISH-SPEAKING U.S. CONSUMERS*

RACINE, Wis., March 2 -- Today, SC Johnson launched a Spanish-language website, recognizing the importance of providing full ingredient information to Spanish-speaking consumers in the U.S. The company has become the first to do so, once again leading the industry in product ingredient responsibility and disclosure.

According to the Centers for Disease Control (CDC), language barriers are one of the leading factors that contribute to poor health outcomes among U.S. Hispanics**. SC Johnson is bridging the language barrier gap and is going beyond its industry's right-to-know initiative by providing all ingredient information and explanations of each ingredient's purpose in Spanish.

"Families want to know what's in the products they use in their homes," said Chairman and CEO Fisk Johnson.  "By making that information accessible to Spanish-speaking consumers, too, we're helping even more families understand that they can trust our products and our company."

As part of its program, SC Johnson has created a Spanish-language version of http://www.WhatsInsideSCJohnson.com, its ingredient website. The site offers easy-to-access and easy-to-understand information about the ingredients in SC Johnson products. This information is also available via the company's toll-free number (1-800-558-5252) for Spanish-language phone support. The company also now provides Spanish content on its rightathome.com website, and is working with notable Hispanic influencers and experts as guest bloggers to continue the Spanish-language dialogue online.

These efforts continue the leadership begun last year when SC Johnson moved beyond voluntary industry ingredient communication efforts and implemented an innovative program. This program makes ingredient information available for SC Johnson home cleaning and air care products such as Windex®, Shout® and Glade® via a dedicated website http://www.WhatsInsideSCJohnson.com, the company's toll-free number and on product labels by January 2012.  In November 2009, SC Johnson completed the task of populating the industry-leading ingredient communications website with more than 200 products and their ingredients. To date, http://www.WhatsInsideSCJohnson.com includes 129 SC Johnson air care products and 76 home cleaning products, as well as explanations of the 169 ingredients that comprise these products.

"We applaud SC Johnson for being the first company to make their ingredient information available to the nation's Spanish-speaking consumers who want and need it," said Erin Switalski, Executive Director of Women's Voices for the Earth, a national environmental health organization.  "Making this vital information available in Spanish demonstrates their commitment to ingredient disclosure."

SC Johnson's English-language ingredient website launched in March of last year with information about several SC Johnson products including Windex® Outdoor, Shout®Wipes, Glade® aerosol and others. The more than 200 products now included in the site are also now available in Spanish. The site will also include details about fragrance and preservative ingredients when fully populated by January 2012.

About SC Johnson

SC Johnson is a family-owned and managed business dedicated to innovative, high-quality products, excellence in the workplace and a long-term commitment to the environment and the communities in which it operates. Based in the USA, the company is one of the world's leading manufacturers of household cleaning products and products for home storage, air care, and insect control. It markets such well-known brands as GLADE®, OFF!®, PLEDGE®, RAID®, SCRUBBING BUBBLES®, SHOUT®, WINDEX® and ZIPLOC® in the U.S. and beyond, with brands marketed outside the U.S. including AUTAN®, BAYGON®, BRISE®, ECHO®, KABIKILLER®, KLEAR®, and MR. MUSCLE®. The 124-year old company, with more than $8 billion in sales, employs approximately 12,000 people globally and sells products in virtually every country around the world.  http://www.scjohnson.com.

* http://www.census.gov/Press-Release/www/releases/archives/facts_for_features_s pecial_editions/013984.html

** http://www.cdc.gov/omhd/populations/HL/HL.htm

Source: SC Johnson
   

CONTACT:  CLP Communications, +1-702-882-1240, for SC Johnson

Web Site:  http://www.scjohnson.com/
http://www.whatsinsidescjohnson.com/
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Agilysys Receives Certification to Become an Authorized Seller of IBM Software

Poster: SySAdmin
Posted on March 2, 2010 at 8:21:01 AM
Agilysys Receives Certification to Become an Authorized Seller of IBM Software

CLEVELAND, March 2 -- Agilysys, Inc. (NASDAQ: AGYS), a leading provider of innovative IT solutions, today announced it has achieved certification to become an Authorized seller of IBM Information Management, Lotus, Rational, Tivoli and WebSphere software by meeting the skills requirements of the new IBM Software Value Plus initiative.

(Logo:  http://www.newscom.com/cgi-bin/prnh/20030915/AGLSLOGO)

The IBM Software Value Plus initiative is designed to meet the demands of clients who are looking to drive more value from their technology investments by working with trusted partners with proven skills to quickly and effectively implement new infrastructures. IBM Software Value Plus enables IBM Business Partners to set themselves apart by gaining key technical and industry skills necessary for smarter technology implementations that help clients achieve their business goals.

"IBM is committed to supporting an ecosystem of skilled partners that can provide the most value to our shared clients," said Sandy Carter, vice president, IBM Software Group Channels. "Business Partners who invest in the proper skills and expertise are well positioned to help clients achieve a faster time-to-value with the right solutions, reduce risk in solution development and increase their return on investment over time."

"Our latest certification with IBM is yet another example of Agilysys' strong relationship with and commitment to IBM," said Tony Mellina, senior vice president and general manager of Agilysys Technology Solutions Group.  "With this status, our position is strengthened further and we are even more capable of providing our customers with the IT solutions required for their organization."

IBM Software Value Plus rewards Business Partners who invest in skills and expertise and are focused on delivering greater client value.  For more information about IBM Software Value Plus, please visit http://www.ibm.com/partnerworld/softwarevalueplus.

About Agilysys, Inc.

Agilysys is a leading provider of innovative IT solutions to corporate and public-sector customers, with special expertise in select markets, including retail and hospitality. The company uses technology -- including hardware, software and services -- to help customers resolve their most complicated IT needs. The company possesses expertise in enterprise architecture and high availability, infrastructure optimization, storage and resource management, identity management and business continuity; and provides industry-specific software, services and expertise to the retail and hospitality markets. Headquartered in Cleveland, Agilysys operates extensively throughout North America, with additional sales offices in the United Kingdom, Singapore and Hong Kong. For more information, visit http://www.agilysys.com.

PR Contact:  Maureen Morreale, Agilysys, Inc., 440-519-8161, maureen.morreale@agilysys.com

Source: Agilysys, Inc.
   

CONTACT:  Maureen Morreale of Agilysys, Inc., +1-440-519-8161,
maureen.morreale@agilysys.com

Web Site:  http://www.agilysys.com/
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Universal Travel Group Announces Conference Call to Discuss Fourth Quarter and Full Year 2009 Financial Results

Poster: SySAdmin
Posted on March 2, 2010 at 8:21:01 AM
Universal Travel Group Announces Conference Call to Discuss Fourth Quarter and Full Year 2009 Financial Results

SHENZHEN, China, March 2 -- Universal Travel Group (NYSE:UTA) ("Universal Travel Group" or the "Company"), a growing travel services provider in China offering package tours, air ticketing, and hotel reservation services online and via customer service representatives, today announced that it will host a conference call at 9:00 a.m. ET on Monday, March 8, 2010, to discuss the Company's financial results for the fourth quarter and full year 2009.

To participate in the call, please dial +1 (877) 779-7834 five minutes prior to the start time (to allow time for registration) and reference conference ID number 59112684. International callers should dial +1 (706) 902 - 2087.

A replay of the call will be available for 14 days beginning Monday, March 8, 2010, at 12:00 p.m. Eastern Time. To listen to the replay, dial +1 (800) 642-1687 and enter the conference ID number 59112684. International callers should dial +1 (706) 645-9291. An audio recording will also be available on the company's website at http://us.cnutg.com/ .

About Universal Travel Group

Universal Travel Group is a leading travel service provider in China offering packaged tours, air ticketing, and hotel reservation services via the Internet and customer service representatives. The Company also operates TRIPEASY Kiosks, which are placed in shopping malls, office buildings, residential apartment buildings, and tourist sites. These kiosks are designed for travel booking with credit and bank cards, and serve as an advertising platform for Universal Travel Group. The Company's headquarters and main base of operations is located in Shenzhen in the Pearl River Delta region of China. More recently, Universal Travel Group has expanded its business into Western China, opening a second home base in the Chongqing Delta region, and other attractive, under-penetrated tier-two travel markets throughout the country. For more information on the Company, please visit http://us.cnutg.com/ .

  For more information, please contact:

  Company Contact:
   Mr. Jing Xie
   Secretary of Board and Vice President
   Universal Travel Group
   Tel:   +86-755-8366-8489
   Email: 06@cnutg.cn
   Web:   http://us.cnutg.com/

  Investor Relations Contact:
   CCG Investor Relations
   Mr. Athan Dounis, Account Manager
   Tel:   +1-646-213-1916
   Email: athan.dounis@ccgir.com

   Mr. Crocker Coulson, President
   Tel:   +1-646-213-1915
   Email: crocker.coulson@ccgir.com
   Web:   http://www.ccgirasia.com/

Source: Universal Travel Group
   

CONTACT: Company Contact: Jing Xie, Secretary of Board and Vice President,
+86-755-8366-8489, 06@cnutg.cn or us.cnutg.com, of Universal Travel Group;
Investor Relations Contact: Athan Dounis, Account Manager, +1-646-213-1916,
athan.dounis@ccgir.com, and Crocker Coulson, President, +1-646-213-1915,
crocker.coulson@ccgir.com, both of CCG Investor Relations

Web site: http://us.cnutg.com/
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China Electric Motor, Inc. Announces Exercise of Over-Allotment Option

Poster: SySAdmin
Posted on March 2, 2010 at 8:21:01 AM
China Electric Motor, Inc. Announces Exercise of Over-Allotment Option

SHENZHEN, China, March 2 -- China Electric Motor, Inc. ("China Electric" or the "Company") (NASDAQ:CELM), a Delaware corporation and China-based company that engages in the design, production, marketing and sale of micro-motor products through its subsidiary Shenzhen YuePengCheng Motor Co., Ltd. ("Shenzhen YPC"), today announces that the underwriters of its previously announced public offering of common stock have fully exercised their over-allotment option to purchase 750,000 additional shares of common stock from the Company. The option was granted in connection with the public offering of 5,000,000 shares of common stock at a public offering price of $4.50 per share. The exercise of the over-allotment option brings the expected total gross proceeds of the public offering to $25.9 million.

Net proceeds from the offering are expected to be used to increase manufacturing capacity, to purchase more industrial space, to modernize factory equipment and for other general working capital purposes.

Roth Capital Partners, LLC ("Roth") is acting as sole book-running manager and WestPark Capital, Inc. ("WestPark") is acting as co-manager for the offering. The offering is being made solely by means of prospectus and accompanying prospectus supplement, copies of which may be obtained from either Roth or WestPark. Roth headquarters is located at 24 Corporate Plaza Drive, Newport Beach, CA 92660, and can be reached by calling 800-678-9147. WestPark headquarters is located at 1900 Avenue of the Stars, Suite 310, Los Angeles, CA 90067, and can be reached by calling 310-843-9300. An electronic copy of such prospectus is also available on the web site of the Securities and Exchange Commission (the "SEC") at http://www.sec.gov/ .

This press release shall not constitute an offer to sell or a solicitation of an offer to buy any of the securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About China Electric Motor, Inc.

China Electric Motor, Inc. (NASDAQ:CELM) is a China-based company that engages in the design, production, marketing and sale of micro-motor products through its subsidiary Shenzhen YPC. The Company's products are incorporated into consumer electronics, automobiles, power tools, toys and household appliances, and are sold under its "Sunna" brandname. The Company provides micro-motor products that meet the growing demand for efficient, quiet and compact motors from manufacturers of consumer electronics, automobiles, power tools, toys and household appliances. China Electric Motor, Inc. sells its products directly to original equipment manufacturers and to distributors and resellers both domestically in the People's Republic of China and internationally to customers in Korea and Hong Kong. The Company's manufacturing facilities are located in Shenzhen, Guangdong.

Forward-looking Statements

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: Certain of the statements made in the press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the use of forward-looking terminology such as "believe," "expect," "may," "will," "should," "project," "plan," "seek," "intend," or "anticipate" or the negative thereof or comparable terminology. Such statements typically involve risks and uncertainties and may include financial projections or information regarding the progress of new product development. Actual results could differ materially from the expectations reflected in such forward-looking statements as a result of a variety of factors, including our ability to maintain and increase revenues and sales of our products, our ability to develop and market new products, our strategic investments and acquisitions, compliances and changes in the laws of the People's Republic of China (the "PRC") that affect our operations, and vulnerability of our business to general economic downturn, especially in the PRC, and other risk factors detailed in reports filed with the Securities and Exchange Commission from time to time.

  For more information, please contact:

  Investor Relations:

   Taylor Rafferty, US
   Delia Cannan, Investor Relations
   Tel:   +1-212-889-4350
   Email: chinaelectricmotor@taylor-rafferty.com

   Taylor Rafferty, Hong Kong
   Ruby Yim, Investor Relations
   Tel:   +852-3196-3712
   Email: chinaelectricmotor@taylor-rafferty.com

Source: China Electric Motor, Inc.
   

CONTACT: At Taylor Rafferty, US, Delia Cannan, Investor Relations, +1-
212-889-4350, or chinaelectricmotor@taylor-rafferty.com, or at Taylor Rafferty,
Hong Kong, Ruby Yim, Investor Relations, +852-3196-3712, or
chinaelectricmotor@taylor-rafferty.com, for CELM
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Telcordia Identifies Key Power Requirements for Next-Generation Telecom Networks

Poster: SySAdmin
Posted on March 2, 2010 at 8:21:01 AM
Telcordia Identifies Key Power Requirements for Next-Generation Telecom Networks

Guidelines Ensure Safe, Efficient Power Supply to Existing and Emerging Technologies

PISCATAWAY, N.J., March 2 -- Building on its four decades of helping global communications service providers (CSPs) and regulators more effectively plan, implement and manage complex carrier-grade network infrastructures, Telcordia (http://www.telcordia.com) today announced an update to its Power Requirements in Telecommunications Plant generic requirements (GR) document, a comprehensive set of guidelines aimed at ensuring a continuous and reliable supply of power within complex and evolving telecom networks.

"The security of a nation's telecom infrastructure is only behind the security of its power supply in terms of importance for many economies across the world," said Zach Gilstein, Vice President, Service Assurance Solutions, Telcordia. "With these new guidelines, Telcordia will help service providers realize the potential of their telecom investments and bring the industry as a whole up to date with the best ways to keep highly advanced networks powered securely, efficiently and sustainably."

The update offers nearly 200 guidelines to ensure the safe, efficient power supply to existing, new and emerging network technologies.  It reflects more than a decade of significant developments in the power industry, as well as dramatic innovation in telecom.  Also, it expands Telcordia's coverage from electronic switched telecommunications networks in Issue 1 (Stored Program Control System or SPCS) to include toll, transport and OSP (outside plant) power equipment.  The guidelines cover the following issues:

  --  Power needs for FTTx (fiber to the premises) architectures, both
      passive and active networks that reach deeply into the local loop and
      to the home
  --  US Department of Homeland Security expectations concerning the
      security and robustness of a telecom network
  --  Best practices on backup power and redundancy to sustain a network
  --  Deployment of routers/switch equipment in central office (CO)
      facilities that have high current and power demands
  --  Local and distributed powering options at the aisle and rack level as
      well as in the OSP nodes and customer premises locations
  --  Guidance covering legacy (TL1) and new (e.g., SNMP) communications
      protocols for system monitoring and control systems
  --  Guidance on the overall expansion to the OSP arena.

The Table of Contents for the Power Requirements in Telecommunications Plant GR document is available for review on the Telcordia Information SuperStore along with ordering information.

Telcordia's GR documents are written with the participation and approval of CSPs in North America and internationally.  Relied upon by equipment vendors and network operators, they provide a basis for sound network planning and engineering, best practice and interoperability.  To find out more about Telcordia's GR documents, visit http://www.telcordia.com/services/genericreq/index.html.

About Telcordia

Telcordia, a global leader in the development of fixed, mobile and broadband communications software and services, enables Communications Service Providers (CSPs), enterprises, suppliers and government entities to successfully deploy innovative and advanced services that help our clients realize operational efficiencies, drive revenue, and maintain a competitive edge in the new era of services-dominated communications. Telcordia has globally trusted expertise in software and services to meet the needs of customers and partners, including, consulting, next-generation OSS, network and application interconnection, service delivery and charging  solutions, industry research and new technology development. Telcordia is headquartered in Piscataway, N.J., with offices throughout North America, Europe, Asia, Central and Latin America. (http://www.telcordia.com).

Subscribe to Telcordia RSS press release feed at: http://feeds.telcordia.com/TelcordiaPressReleases

  Visit Telcordia:
  http://www.telcordia.com
  http://www.facebook.com/telcordia
  http://www.telecomtv.com/telcordia
  http://www.youtube.com/telcordiatv

Source: Telcordia
   

CONTACT:  Sharon Oddy, Telcordia Technologies, Inc., +1-732-699-4203,
oddys@telcordia.com; or Daniel Rhodes, or Yasmin Ezaby, both of GRC for
Telcordia, +1-949-608-0276, telcordia@globalresultspr.com

Web Site:  http://www.telcordia.com/
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The 2010 BK(R) NEXT BEST MOVE(SM) National Tour Hits Orlando on March 11

Poster: SySAdmin
Posted on March 2, 2010 at 8:14:01 AM
The 2010 BK(R) NEXT BEST MOVE(SM) National Tour Hits Orlando on March 11

Mobile tour searches for local "Game-Changers" on the court and in the community

MIAMI, March 2 -- Burger King Corp. (NYSE:BKC) brings its first-ever BK® NEXT BEST MOVE(SM) national mobile tour to the Orlando area on March 11, 2010, to find "game-changers" both on the basketball court and in the community.  Local ballers can show off their best moves for a chance to compete for $10,000 and to be featured in a basketball lifestyle magazine and Web site. Individuals can also submit a video of their moves on http://www.thenextbestmove.com.

"NEXT BEST MOVE(SM) is the biggest tour in the history of the BURGER KING® brand," said Alexandra Galindez, director, multicultural marketing. "With this tour, we're providing consumers with broad-based access to what's happening not just on the court, but also in urban communities across the U.S. We also recognize the importance of giving back, and we will showcase 'game-changing' community service initiatives in each city we visit on the NEXT BEST MOVE(SM) Web site (http://www.thenextbestmove.com). Visitors to the site will have the chance to get a new, fresh perspective on a variety of charitable community efforts that they can adapt and implement in their hometowns."

Orlando residents can vote for their favorite moves on the Web site and one semi-finalist in each market will go on to compete against top-ranked players across the U.S. for the top $10,000 prize. Participants must be 18 or older to compete.

Headlined by reality TV star Syrus Yarborough, The NEXT BEST MOVE(SM) Crew will also be searching for great moves off the court. Visitors to http://www.thenextbestmove.com can share how they are "changing the game" through community service and encouraging others to do the same.

City residents should be on the lookout as The Crew will also visit lifestyle destinations, such as local attractions, clothing stores and community centers to identify local trends and discover what's "hot" in the Orlando area. Results will be featured on a special culture section on http://www.thenextbestmove.com.

For more information on the BK® NEXT BEST MOVE(SM) tour, including eligibility requirements and Official Rules, or to vote for Orlando's Next Best Mover, visit http://www.thenextbestmove.com.

Source: Burger King Corp.
   

CONTACT:  Charell Charleston of UniWorld Group, +1-212-219-7106,
charell.charleston@uwgny.com

Web Site:  http://www.thenextbestmove.com/
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Acuo Technologies Announces Patent Granted for Asset Communication Format Within a Computer Network

Poster: SySAdmin
Posted on March 2, 2010 at 8:14:01 AM
Acuo Technologies Announces Patent Granted for Asset Communication Format Within a Computer Network

Acuo Technologies is Awarded Medical Imaging Patent for Routing and Storage

BLOOMINGTON, Minn., March 2 -- Acuo Technologies, the market leading Vendor Neutral Archive supplier, was granted US patent number 7,640,171 by the USPTO which covers technology implemented in its DICOM Services Grid(TM) software suite.

The DICOM Services Grid (DSG) software is paramount for organizations that desire and require a Vendor/PACS Neutral Archiving strategy and those who manage images from other "-ologies", such as pathology and cardiology. The DICOM Services Grid system completely eliminates current and future down-stream migration issues and vendor lock-in allowing PACS to plug and unplug to meet business needs. The DSG is the only off-the-shelf, truly open standards-based solution which creates a "Google-like" environment to aggregate, federate, and virtualize medical imaging assets and related content including non-DICOM data objects. The DSG is built upon a service orchestration architecture that provides full routing, querying and Information Lifecycle Management (ILM) (including comprehensive retention/purge capabilities), an open database schema, and multiple replication models leveraging next generation storage platforms. The DSG is the key strategy offered by many infrastructure providers to support their storage and archive offerings "Powered by Acuo" within the medical imaging marketplace.

According to Shannon Werb, Chief Technology Officer of Acuo Technologies, "This patent, filed in July 2001 for our meta-data routing technology, covers point to multi point routing both to different storage locations and to other DICOM compliant PACS systems. It also covers Acuo's journalized storage system wherein changes made to metadata, after initial storage, are tracked so that a complete history of the modifications is kept with the images. The core DSG software suite leverages this technology to enable robust Clinical ILM via the routing and storage of medical imaging data based upon the context of the data at acquisition or throughout the data's lifecycle. We look forward to continuing our thought leadership and engineering excellence to bring the most comprehensive and unique innovations in the medical imaging middleware market."

About Acuo Technologies

Acuo Technologies, with headquarters in Bloomington, MN, was founded in 2000, and is a market leader in the development of high-performance software for intelligent medical image management, data migration tools and services. The Company's DICOM Services Grid(TM) is an enabling open systems software solution to house digital medical imaging content for any healthcare enterprise. Over 475 system implementations around the world have deployed AcuoMed® and AcuoStore® software solutions. For more information, visit http://www.acuotech.com.

DICOM is the registered trademark of the National Electrical Manufacturers Association for its standards publications relating to digital communications of medical information.

Source: Acuo Technologies
   

CONTACT:  Mike Dolan, VP, Sales and Marketing of Acuo Technologies,
+1-952-905-3440, mdolan@acuotech.com

Web Site:  http://www.acuotech.com/
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Hobsons Announces Fourth Annual Retention Summit

Poster: SySAdmin
Posted on March 2, 2010 at 8:14:01 AM
Hobsons Announces Fourth Annual Retention Summit

Conference in Cincinnati, OH, April 14 to feature panel of experts discussing proactive retention

CINCINNATI, March 2 -- Hobsons, an Enrollment Management Technology (EMT) software provider, is excited to announce that registration is now open for its fourth annual Retention Summit, which will take place Wednesday, April 14 on the campus of Xavier University in Cincinnati, Ohio. This year, the Summit will feature guest speakers from AACRAO Consulting, ACT, Noel-Levitz, Teresa Farnum and Associates, the University of Kentucky, and Xavier University.

(Logo:  http://www.newscom.com/cgi-bin/prnh/20081111/CLTU018LOGO )

One of the highlights of the conference will be a panel discussion including experts in retention representatives from ACT, AACRAO Consulting, Noel Levitz, and Teresa Farnum and Associates.  These organizations will discuss the importance of proactively trying to retain students and effective retention strategies to implement on campus. This is an extremely unique opportunity to hear some of the best and brightest minds in student retention in one room discussing the issues that are affecting today's campuses.

Adrian Schiess, Xavier University's director of student success and retention, Xavier University, will present on what his office has done to develop a complete retention program and what success they've had since implementing Hobsons' EMT Retain, a flagship CRM product designed to engage at-risk students with consistent and early communication, that has helped them increase at-risk student identification by 200 percent. Randolph Hollingsworth, assistant provost, Office of Undergraduate Education, and Chela Kaplan, director of retention and student success, Office of Undergraduate Education, both from the University of Kentucky will also give their unique perspective on the ways they have been able to utilize the functionality of EMT Retain to increase student retention rates by six percent.

The Hobsons Retention Summit aims to advance national dialogue on the challenges in student retention and prepare institutions with real strategies to combat attrition. The Summit will begin Wednesday, April 14 at 8:00 a.m. with registration and continental breakfast for attendees. For more information on the Hobsons Retention Summit or to register for the event, please visit http://connectuniversity.com/retentionsummit2010/index.html or contact Kristin Kutz at 513-924-3347 or kkutz@hobsons-us.com.

About Hobsons

Headquartered in Cincinnati, Hobsons supports education professionals in the preparation, recruitment, management, and advancement of students. With secondary school solutions, integrated marketing tools, enrollment management technology, and retention solutions, Hobsons provides innovative solutions that help students make decisions throughout the education lifecycle.

For information, please visit http://www.hobsons.com.

Photo:  http://www.newscom.com/cgi-bin/prnh/20081111/CLTU018LOGO
Source: Hobsons
   

CONTACT:  Laura Gaffin, +1-800-927-8439, ext. 3222, or Kristin Kutz,
+1-513-924-3347, kkutz@hobsons-us.com, both of Hobsons

Web Site:  http://www.hobsons.com/
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China Security & Surveillance Technology, Inc. Reports Fourth-Quarter and Full-Year 2009 Results

Poster: SySAdmin
Posted on March 2, 2010 at 8:07:01 AM
China Security & Surveillance Technology, Inc. Reports Fourth-Quarter and Full-Year 2009 Results

Highlighted by Encouraging Earnings Growth, Full-Year Solid and Positive Cash Flow, and Robust Growth in Revenues from Government Sector

SHENZHEN, China, March 2 --   -- Fourth-quarter revenues increased 27.3% to $182.71 million

  -- Fourth-quarter gross margin increased 610 basis points sequentially

  -- Fourth-quarter net income attributable to CSST increased 132.3% to
     $26.06 million and EPS increased 65.2% to $0.38

  -- Full-year revenue increased 35.9% to $580.87 million

  -- Full-year net income attributable to CSST increased 73.6% to $56.58
     million and EPS increased 40.3% to $1.01

  -- $52.60 million full-year net cash from operating activities versus
     $39.10 million net cash used in operating activities in 2008 -- the
     best-ever annual totals for CSST

  -- Fourth-quarter and full-year EPS reflected the growing demand for
     CSST's products and services, success of convertible notes
     restructuring and effective cost control measures

  -- Robust growth in revenues from government sector in the full year 2009,
     driven by government's accelerated efforts to promote safe city and e-
     city projects

Note: CSST's fourth-quarter and full-year 2009 earnings conference call will be broadcast live via the Internet at 8 a.m. ET on Tuesday, March 2, 2010, at http://irpage.net/csct/index.html .

China Security & Surveillance Technology, Inc. ("CSST" or the "Company") (NYSE: CSR; Nasdaq Dubai: CSR), a leading provider of digital surveillance technology in the P.R.C., today reported fourth-quarter and full-year 2009 results highlighted by encouraging earnings growth, full-year solid and positive cash flow, and robust growth in revenues from government sector in China. Full-year 2009 EPS grew 40.3%, driven by the growing demand for CSST's products and services, success of convertible notes restructuring, as well as solid execution of cost control initiatives.

Full-year 2009 revenues totaled $580.87 million; and net cash from operating activities totaled $52.60 million, versus $39.10 million net cash used in operating activities in 2008.

"Despite the economic environment, we had a solid 2009 and led the industry in many areas," said Mr. Guoshen Tu, Chairman and Chief Executive Officer of CSST. "Our system installation business in the government sector, particularly safe city and e-city projects, continues to ramp, improving our government revenue profile. We landed several major e-city projects in China, and we continued to see robust growth in the corporate sector."

"During the past year, we took major steps to improve CSST's financial position for 2010 and beyond. The success of our convertible notes restructuring has improved our capital structure and strengthened our balance sheet. We also delivered our cost initiatives which yielded positive results for our earnings," said Mr. Tu.

Fourth-Quarter Financial Results

To simplify its presentation, and in recognition of the completed restructuring of convertible notes, starting third quarter 2009, CSST no longer presents Non-GAAP results and instead presents reported results accompanied by details on key factors impacting results.

For the quarter ended December 31, 2009, CSST's revenues totaled $182.71 million, compared with $143.55 million in the year-earlier quarter and up 14.3% from the third quarter of 2009. This marked CSST's third consecutive quarter with double-digital revenue growth.

Gross profit totaled $51.48 million, up 43.8% from $35.81 million in the year-earlier period. Gross margin increased to 28.2% from 24.9% for the same period in 2008. Sequentially, gross margin increased 610 basis points as a result of expanded profitability of the installation segment. Correspondingly, income from operations increased to $28.20 million, up 68.4% from the year-earlier quarter. Operating margin increased to 15.4%, compared with 11.7% in the year-earlier quarter and 10.8% in the third quarter of 2009.

Net income attributable to CSST totaled $26.06 million, up 132.3% compared with $11.22 million in the year-earlier quarter, and diluted earnings per share totaled $0.38, compared with $0.23 in the year-earlier quarter.

Full-Year Financial Results

For the full year 2009, CSST's revenues totaled $580.87 million, up 35.9% versus $427.35 million in 2008. The growth reflected the strong demand for CSST's products and services, CSST's established brand awareness and extensive distribution network. Government customers accounted for 52% of total revenues, while corporate customers accounted for 48%. Organic revenues for 2009 totaled $543.89 million, or 93.6% of total revenues, compared to $361.5 million or 84.6% in 2008. Non-organic revenues totaled $36.98 million or 6.4% of total revenues.

Gross profit totaled $142.87 million, up 18.5% from $120.54 million in 2008. Gross margin was 24.6%, down 360 basis points from 28.2% last year. The slight drop was due to the decrease of selling prices and relatively lower margin for smaller-scale projects. It was also a result of CSST's efforts to maintain market share and expand customer base in China.

Operating income increased 14.8% to $65.96 million while operating margin decreased to 11.3%, as a result of lower gross margin.

Net income attributable to CSST totaled $56.58 million, up 73.6% from $32.60 million in 2008; and diluted earnings per share totaled $1.01 versus $0.72 in 2008.

CSST recognized a total of non-cash items at $36.36 million, down from $42.97 million in 2008. There were three components for the non-cash expenses, which were $12.74 million, or $0.23 per diluted share related to depreciation and amortization; $18.09 million, or $0.32 per diluted share related to non-cash employee compensation; and $14.85 million, or $0.26 per diluted share from redemption accretion on convertible notes prior to the restructuring. CSST also recorded a one-time non-cash gain on modification of convertible notes of $9.32 million, or $0.17 per diluted share. Weighted average diluted share count increased to 56.17 million compared with 45.28 million in 2008.

CSST's full-year net cash from operating activities totaled $52.60 million, versus $39.10 million net cash used in operating activities for 2008. As of December 31, 2009, CSST's cash balance was $154.48 million, compared with $100.98 million at the end of the third quarter.

Financial Outlook

For the full year 2010, CSST reaffirms its revenue projection of $800 to $820 million and diluted earnings per share of $1.15 to $1.20.

"Looking ahead, mainland demand for our products and services continues to be strong, and we are well positioned at the center of this growth," said Mr. Tu. "The announced acquisitions in 2009 will continue to provide us with a growth platform to expand our industry-leading capabilities in security and surveillance offerings. Our market leadership in China continues to set us apart as we roll out more products and services this year and expand security service capabilities in the years ahead."

"We will further accelerate our efforts to secure sizeable government contracts and capitalize on the growing opportunities in safe city and e-city projects. We will continue cost-improvement initiatives to maintain a healthy margin for our business. Our fundamental outlook for the business is positive," concluded Mr. Tu.

About China Security & Surveillance Technology, Inc.

Based in Shenzhen, China, CSST manufactures, distributes, installs and services surveillance and safety products and systems as well as develops surveillance and safety related software in China. Its customers are mainly comprised of commercial and government entities and non-profit organizations. CSST has built a diversified customer base through its extensive sales and service network that includes branch offices and distribution points throughout China. To learn more about the Company visit http://www.csst.com/ .

Safe Harbor Statement

This press release may include certain statements that are not descriptions of historical facts, but are forward-looking statements. Such statements include, among others, those concerning our expected financial performance and strategic and operational plans, our future operating results, our expectations regarding the market for surveillance and safety products, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. Forward-looking statements can be identified by the use of forward-looking terminology such as 'will,' 'believes,' 'expects' or similar expressions. Such information is based upon expectations of our management that were reasonable when made but may prove to be incorrect. All of such assumptions are inherently subject to uncertainties and contingencies beyond our control and based upon premises with respect to future business decisions, which are subject to change. We do not undertake to update the forward-looking statements contained in this press release. For a description of the risks and uncertainties that may cause actual results to differ from the forward-looking statements contained in this press release, see our most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission ('SEC'), and our subsequent SEC filings. Copies of filings made with the SEC are available through the SEC's electronic data gathering analysis retrieval system at http://www.sec.gov/ .

  For more information, please contact:

  Company Contact:
   Terence Yap, Chief Financial Officer and Vice Chairman
   China Security & Surveillance Technology, Inc.
   Tel:   +86-755-8351-5634
   Email: ir@csst.com

  Investor and Media Contact:
   Patrick Yu, Fleishman-Hillard Hong Kong
   Tel:   +852-2530-2577
   Email: patrick.yu@fleishman.com

       CHINA SECURITY & SURVEILLANCE TECHNOLOGY, INC. AND SUBSIDIARIES
         CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
            FOR THE THREE MONTHS ENDED DECEMBER 31, 2009 AND 2008
                   Expressed in thousands of U.S. dollars
                  (Except for share and per share amounts)

                                                     Three Months Ended
                                                         December 31,
                                                      2009           2008
                                                  (Unaudited)    (Unaudited)
  Revenues                                         $182,719       $143,548
  Cost of goods sold                                131,232        107,728
  Gross profit                                       51,487         35,820
  Selling and marketing                               3,646          3,547
  General and administrative                         16,599         13,026
  Depreciation and amortization                       3,041          2,499
  Income from operations                             28,201         16,748
  Interest income                                        88             47
  Interest expense                                   (1,939)        (6,167)
  Other income, net                                     830          1,069
  Income before income taxes                         27,180         11,697
  Income taxes                                       (1,125)          (476)
  Net income                                         26,055         11,221
  Add: Net loss attributable to the
   noncontrolling interest                                3              2
  Net income attributable to the
   Company                                           26,058         11,223

  NET INCOME PER SHARE ATTRIBUTABLE TO
   THE COMPANY'S COMMON SHAREHOLDERS
  BASIC                                               $0.41          $0.24
  DILUTED                                             $0.38          $0.23

  WEIGHTED AVERAGE NUMBER OF SHARES
   OUTSTANDING
  BASIC                                          62,942,000     47,514,000
  DILUTED                                        68,939,000     48,157,000

       CHINA SECURITY & SURVEILLANCE TECHNOLOGY, INC. AND SUBSIDIARIES
          CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
                FOR THE YEARS ENDED DECEMBER 31, 2009 AND 2008
                    Expressed in thousands of U.S. dollars
                   (Except for share and per share amounts)

                                                     2009            2008
                                                 (Unaudited)
  Revenues                                        $580,870        $427,354
  Cost of goods sold (including
   depreciation and amortization
   for the years ended December 31,
   2009 and 2008 of $1,009 and $762,
   respectively)                                   438,005         306,813
  Gross profit                                     142,865         120,541
  Selling and marketing                             12,496          12,056
  General and administrative (including
   non-cash employee compensation for
   the years ended December 31, 2009
   and 2008 of $18,087 and $13,837,
   respectively)                                    52,677          42,295
  Depreciation and amortization                     11,731           8,729
  Income from operations                            65,961          57,461
  Interest income                                      215             218
  Gain on modification of convertible
   notes                                             9,315              --
  Interest expense                                 (19,731)        (21,765)
  Other income, net                                  2,500           2,236
  Income before income taxes                        58,260          38,150
  Income taxes                                      (1,733)         (5,580)
  Net income                                        56,527          32,570
  Add: Net loss (income) attributable to
   the noncontrolling interest                          50              33
  Net income attributable to the Company            56,577          32,603
  Foreign currency translation (loss)
   gain                                             (1,602)         17,294
  Comprehensive income attributable to
   the Company                                      54,975          49,897
  Comprehensive (loss) income                          (50)            (33)
   attributable to the noncontrolling
   interest
  COMPREHENSIVE INCOME                             $54,925         $49,864

  NET INCOME PER SHARE ATTRIBUTABLE TO THE
   COMPANY'S COMMON SHAREHOLDERS
  BASIC                                              $1.10           $0.73
  DILUTED                                            $1.01           $0.72

  WEIGHTED AVERAGE NUMBER OF SHARES
   OUTSTANDING
  BASIC                                         51,317,000      44,721,000
  DILUTED                                       56,171,000      45,284,000

       CHINA SECURITY & SURVEILLANCE TECHNOLOGY, INC. AND SUBSIDIARIES
                         CONSOLIDATED BALANCE SHEETS
                       AS OF DECEMBER 31, 2009 AND 2008
                    Expressed in thousands of U.S. dollars
                   (Except for share and per share amounts)

                                                   2009              2008
                                               (Unaudited)
                                   ASSETS
  Cash and cash equivalents                     $154,483           $47,779
  Accounts receivable, net                       251,604           148,205
  Inventories, net                                70,141           117,042
  Prepayment and deposits                          4,706             7,280
  Advances to suppliers                           39,399            17,120
  Other receivables                               26,692            14,065
  Deferred tax assets - current portion               13                32
  Total current assets                           547,038           351,523

  Deposits paid for acquisition of
   subsidiaries, properties and
  intangible assets                                7,199             7,855
  Plant and equipment, net                        75,447            74,523
  Land use rights, net                             7,733             7,675
  Intangible assets                               54,677            56,913
  Contingently returnable acquisition
   consideration                                      --             1,176
  Goodwill                                        79,511            73,216
  Deferred financing cost                          1,953             1,082
  Deferred tax assets - non-current
   portion                                            --               253
             TOTAL ASSETS                       $773,558          $574,216

                        LIABILITIES AND EQUITY
  CURRENT LIABILITIES
  Notes payable - short term                     $57,116           $10,242
  Obligation under product financing
   arrangements - short term                       5,184             2,469
  Guaranteed senior unsecured notes
   payable - short term                           35,701                --
  Accounts and bills payable                      68,817            50,756
  Accrued expenses                                26,762            10,263
  Advances from customers                         27,503            28,621
  Taxes payable                                   14,835             4,115
  Payable for acquisition of
   businesses, properties and land use
   rights                                          5,105            11,915
  Deferred income                                  1,868             1,207
  Total current liabilities                      242,891           119,588

  LONG TERM LIABILITIES
  Notes payable - long term                           --             2,853
  Obligation under product financing
   arrangements - long term                        6,541             4,214
  Guaranteed senior unsecured notes
   payable - long term                            43,988                --
  Net deferred tax liabilities                       773                --
  Convertible notes payable - long term               --           143,342
  Total liabilities                              294,193           269,997

  EQUITY
  Preferred stock, $0.0001 par value;
   10,000,000 shares authorized, 0
   shares issued and outstanding
  Common stock, $0.0001 par value;
   290,000,000 shares authorized,
   67,866,730 (2009) and
   49,142,592 (2008) shares
   issued and outstanding                              7                 5
  Additional paid-in capital                     285,025           164,806
  Retained earnings                              165,982           109,405
  Statutory surplus reserve fund                     804               804
  Accumulated other comprehensive
   income                                         27,565            29,167
  Total equity of the Company                    479,383           304,187
  Noncontrolling interest                            (18)               32
  Total equity                                   479,365           304,219
      TOTAL LIABILITIES AND
       EQUITY                                   $773,558          $574,216

       CHINA SECURITY & SURVEILLANCE TECHNOLOGY, INC. AND SUBSIDIARIES
                    CONSOLIDATED STATEMENTS OF CASH FLOWS
                FOR THE YEARS ENDED DECEMBER 31, 2009 AND 2008
                    Expressed in thousands of U.S. dollars
                   (Except for share and per share amounts)

                                                         2009        2008
                                                     (Unaudited)
  CASH FLOWS FROM OPERATING ACTIVITIES:
  Net income                                           $56,527     $32,570
  Adjustments to reconcile net income to net cash
   provided by (used in) operating activities:
  Depreciation and amortization                         12,740       9,491
  Provision for doubtful accounts                        2,432         401
  Provision for obsolete inventories                       348          14
  Amortization of consultancy services                      11         135
  Non-cash compensation expense                         18,087      13,837
  Amortization of deferred financing cost                  646         206
  Redemption accretion on convertible notes             14,851      19,641
  Gain on modification of convertible notes             (9,315)         --
  Amortization of debt discount                          1,249          --
  Deferred taxes                                         1,045         142

  Changes in operating assets and liabilities:
  (Increase) decrease in:
  Accounts receivable                                 (104,332)    (73,827)
  Related party receivables                                 --         587
  Other receivables                                    (12,324)     (2,060)
  Inventories                                           47,313     (63,306)
  Prepayment and deposits                                2,793      (2,381)
  Advances to suppliers                                (22,233)    (12,850)
  Increase (decrease) in:
  Accounts and bills payable and accrued expenses       32,736      21,312
  Advances from customers                               (1,156)     17,077
  Taxes payable                                         10,525        (318)
  Deferred income                                          660         229
  Net cash provided by (used in) operating
   activities                                           52,603     (39,100)

  CASH FLOWS FROM INVESTING ACTIVITIES:
  Additions to plant and equipment                      (4,143)     (6,129)
  Additions to intangible assets, other than through
   business acquisitions                                (2,585)     (2,320)
  Additions to land use rights, other than through
   business acquisitions                                  (174)     (5,101)
  Deposits paid for acquisition of subsidiaries         (3,259)     (3,790)
  Deposits refunded for acquisition of subsidiaries      1,904       1,943
  Deposits paid for acquisition of properties and
   intangible assets                                        --        (357)
  Net cash outflow on acquisition of net assets of
   businesses acquired (net of cash acquired)              273     (10,997)
  Payments of payable for acquisition of businesses,
   properties and land use rights                      (11,077)         --
  Payments of adjustment to cost of acquisitions
   related to resolved contingencies                      (425)         --
  Proceeds from disposal of land use rights and
   properties                                               --       3,379
  Net cash used in investing activities                (19,486)    (23,372)

  CASH FLOWS FROM FINANCING ACTIVITIES:
  New borrowings, net of issuance costs                 65,874      17,401
  Repayment of borrowings                              (21,865)    (19,386)
  New borrowings from obligation under product
   financing arrangements                                8,362       6,687
  Repayment of obligation under product financing
   arrangements                                         (4,511)     (1,143)
  Repayment of convertible notes payables              (52,500)         --
  Warrants exercised                                        --         277
  Issue of common stock, net of issuing expenses        80,179       9,700
  Net cash provided by financing activities             75,539      13,536

  NET INCREASE (DECREASE) IN CASH AND CASH
   EQUIVALENTS                                         108,656     (48,936)
  Effect of exchange rate changes on cash               (1,952)      7,644

  Cash and cash equivalents, beginning of year          47,779      89,071
  CASH AND CASH EQUIVALENTS, END OF YEAR              $154,483     $47,779

Source: China Security & Surveillance Technology, Inc.
   

CONTACT:  Company Contact: Terence Yap, Chief Financial Officer and Vice
Chairman, China Security & Surveillance Technology, Inc., +86-755-8351-5634,
or ir@csst.com; Investor and Media Contact: Patrick Yu, Fleishman-Hillard Hong
Kong, +852-2530-2577, or patrick.yu@fleishman.com

Web Site:  http://www.csst.com/
Tags PR Press Release
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Dieter's Dream--Sleep the Weight Away

Poster: SySAdmin
Posted on March 2, 2010 at 7:56:01 AM
Dieter's Dream--Sleep the Weight Away

Weight Control One of Many Health Benefits of Proper Sleep

WILSON, N.C., March 2 -- The best kept secret for the way to get bikini-ready in time for the beach might be hiding in your bedroom. How can forty winks help take care of extra fat? Dr. Mark Hooper, founder of My Ideal Pillow has some advice during this year's National Sleep Awareness Week, March 7-13, to focus on health benefits associated with proper rest, including, surprisingly, weight control.

Two appetite-controlling hormones are adversely affected by loss of sleep. The result? You're hungry! Not only are you hungry, in one sleep study, the participants' desire for high-calorie, carbohydrate-dense foods rose 45% after inadequate sleep. Another study indicates that those who sleep less than eight hours a night have a higher level of body fat.

How do you break a vicious cycle of sleepless nights with days fueled by caffeine? Dr. Mark Hooper, founder of My Ideal Pillow, based in Wilson, North Carolina, has the right advice.

Most common tips, such as avoiding caffeine, are familiar. But have you ever taken a sleep vacation? This can help restore a normal sleep cycle if a person has been sleep deprived for a long time. The idea is to fill up the sleep bank and also reestablish a sleep routine and rhythm to determine the right number of hours of sleep per night your body needs to feel refreshed and healthy. "The best way to do this is to leave home if possible," says Hooper. "One factor in insomnia is stress -- so you need to not only leave work stress behind but household chores and distractions."

One household basic that should travel is your pillow. "A pillow is a commonly used part of a sleep surface that plays a large role in supporting the spine and comfort for your head," says Hooper.

Chiropractor and My Ideal Pillow founder Dr. Mark Hooper tried "nearly every pillow on the market" with little success in matching the right pillow to his patients' needs during his 25 years of practice. Combining years of research with his expertise and experience, Dr. Hooper configured a system based on varying body measurements, sleeping positions and personal characteristics -- and My Ideal Pillow was born. He implemented a unique computerized fitting system that customizes the pillow for each individual to help create the right environment for a healthy, refreshing night's sleep. "A pillow that supports the neck and lumbar region and cradles the head with just the right amount of firmness provides not just optimum back health but overall health and restorative rest," says Hooper.

And once a new, healthy sleep routine is established, Hooper says stick to the schedule even on the weekends. "Everyone enjoys sleeping in occasionally," says Hooper, "but a regular pattern of waking and sleeping seven days a week is best for optimal health."

About My Ideal Pillow

My Ideal Pillow broke new ground in the sleep industry as the world's first company to create a pillow designed by a medical practitioner -- a chiropractor and the company's founder, Dr. Mark Hooper. It is also the first to use computer precision to customize density and support based on an individual's sleep position and body type. In addition, My Ideal Pillow works with the nation's premier bedding manufacturer for a product handcrafted in the United States out of the highest quality fabrics, down and down alternative fills. Find out about our money back guarantee at http://www.myidealpillow.com/ or call 1-888-676-4332.

  CONTACT:
  Dr. Mark Hooper
  1-888-676-4332
  Wilson, NC

  Jeanne Turner
  1-847-202-0582
  turner7@comcast.net

This release was issued through eReleases(TM).  For more information, visit http://www.ereleases.com/.

Source: My Ideal Pillow
   

CONTACT:  Dr. Mark Hooper, 1-888-676-4332, Wilson, NC, or Jeanne Turner,
+1-847-202-0582, turner7@comcast.net

Web Site:  http://www.myidealpillow.com/
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U.S. Army Research, Development and Engineering Command Awards Contract To SAIC

Poster: SySAdmin
Posted on March 2, 2010 at 7:56:01 AM
U.S. Army Research, Development and Engineering Command Awards Contract To SAIC

Company to Provide CBRNE (Chemical, Biological, Radiological, Nuclear, and Explosive) services to the Edgewood Chemical Biological Center

MCLEAN, Va., March 2 -- Science Applications International Corporation (SAIC) (NYSE:SAI) today announced it has been awarded a contract by the U.S. Army Research, Development and Engineering Command (RDECOM) to support the Edgewood Chemical Biological Center (ECBC), and other customers, with CBRNE (chemical, biological, radiological, nuclear, and explosive) support services. The multiple award, indefinite-delivery/indefinite-quantity contract has a five year period of performance, and a total value of $485 million for all awardees. Work will be performed at ECBC facilities on Aberdeen Proving Ground (APG), Md., at SAIC offices near APG, and at other customer sites as required.

ECBC is the nation's principal research and development center for chemical and biological warfare agent defense. It develops technology in the areas of detection, protection, and decontamination, and provides support over the entire lifecycle - from basic research through technology development, engineering design, equipment evaluation, product support, sustainment, field operations and disposal. Under the contract, SAIC will provide engineering, research and technology, and program and integration support services to ECBC and other customers including the Joint Program Executive Office for Chemical and Biological Defense (JPEOCBD), the U.S. Army Chemical Materials Agency (CMA), the Assembled Chemical Weapons Assessment (ACWA) program manager, the 20th Support Command, the Departments of Homeland Security (DHS) and Health and Human Services (DHHS), and the FBI.

"SAIC has been providing chemical and biological defense solutions for 30 years to Department of Defense elements," said John Ferriter, SAIC senior vice president and business unit general manager. "We look forward to leveraging our cumulative expertise, and providing science based, technical solutions to help these important customers enhance the Nation's defense against chemical and biological warfare  and terrorism."

About SAIC

SAIC is a FORTUNE 500® scientific, engineering, and technology applications company that uses its deep domain knowledge to solve problems of vital importance to the nation and the world, in national security, energy and the environment, critical infrastructure, and health.  The company's approximately 45,000 employees serve customers in the U.S. Department of Defense, the intelligence community, the U.S. Department of Homeland Security, other U.S. Government civil agencies and selected commercial markets.  Headquartered in McLean, Va., SAIC had annual revenues of $10.1 billion for its fiscal year ended January 31, 2009.  For more information, visit http://www.saic.com.  SAIC:  From Science to Solutions®

Statements in this announcement, other than historical data and information, constitute forward-looking statements that involve risks and uncertainties. A number of factors could cause our actual results, performance, achievements, or industry results to be very different from the results, performance, or achievements expressed or implied by such forward-looking statements. Some of these factors include, but are not limited to, the risk factors set forth in SAIC's Annual Report on Form 10-K for the period ended January 31, 2009, and other such filings that SAIC makes with the SEC from time to time. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof.

  Contact:     Melissa Koskovich              Laura Luke
               (703) 676-6762                 (703) 676-6533
                melissa.l.koskovich@saic.comlaura.luke@saic.com

Source: SAIC
   

CONTACT:  Melissa Koskovich, +1-703-676-6762,
melissa.l.koskovich@saic.com or Laura Luke, +1-703-676-6533,
laura.luke@saic.com

Web Site:  http://www.saic.com/
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Exar Demonstrates Intel(R) QuickAssist Technology at RSA Conference

Poster: SySAdmin
Posted on March 2, 2010 at 7:56:01 AM
Exar Demonstrates Intel(R) QuickAssist Technology at RSA Conference

Demonstration provides Scalability, Performance, and Power Benefits for System Designers

SAN FRANCISCO, March 2 -- RSA Conference -- Exar Corporation (NASDAQ:EXAR) will join Intel in their booth (#823) at the RSA conference this week to demonstrate the benefits of combining Intel® QuickAssist Technology with Exar's Applied Services Processors (ASPs) to offload computationally intensive security and compression algorithms from the host processor. A joint solution brief titled "Deploying a Unified API for Algorithm Acceleration", which discusses the benefits in more detail, will be published and available at the Intel booth.

The Intel® QuickAssist technology simplifies development for customers by defining a unified set of Application Programming Interfaces (APIs) called Intel® QuickAssist Technology Functional APIs. The Exar 8200 series processors utilizes the Intel® QuickAssist Technology Functional APIs to offload the encryption, compression and hash functions from the host CPU. By offloading these functions, valuable compute resources can be freed up to perform value-add application functions, such as database processing or serving web pages, resulting in significant improvements in application performance and lower power consumption.

"We have been working closely with Intel to refine and integrate the Intel® QuickAssist Technology Functional APIs with our products," said Alex Aali, director of Datacom and Storage Marketing at Exar. "The combination of Intel® QuickAssist Technology Functional API's and Exar's recently announced 8200 series processors provides customers with a highly-scalable solution for fast time to market with a range of products while preserving their development investment across the product line."

Intel® QuickAssist Technology

Intel® QuickAssist Technology is designed to optimize the use and deployment of workload acceleration on compute and communication platform. For more details on the technology ingredients, please refer to http://www.intel.com/technology/platforms/quickassist.

About Hifn Technology 8200 Series

The Hifn Technology 8200 series is comprised of four devices, all of which in a single pass, compress, encrypt and perform hash/authentication functions on the data, enabling the superior performance rate.

  --  8201 - Up to 150 Mbytes/sec; 0.6W typical power consumption
  --  8202 - Up to 300 Mbytes/sec; 0.8W typical power consumption
  --  8203 - Up to 600 Mbytes/sec; 1.2W typical power consumption
  --  8204 - Up to 750 Mbytes/sec; 1.9W typical power consumption

The 8200 series support the current and newest encryption algorithms including AES-GCM and Elliptical Curve Cryptography used in Suite B applications, industry-standard lossless compression algorithms LZS, eLZS, as well as GZIP generally used for file and http compression applications, and the key authentication/hash algorithms which are imperative for accelerating deduplication. All four devices deliver a high performance Public Key engine that supports up to 14k RSA operations per second. The 8200 series offers the popular PCIe interface and comes standard with an SDK that supports Exar's proprietary APIs, as well as the Intel® QuickAssist functional APIs. The 8200 series is packaged in a small 15mm x 15mm HSBGA package, offering the highest performance and functionality per watt and footprint in the industry. Additionally, the 8200 series supports open source applications such as OpenSSL and OpenSwan. For more information on the 8200 series go to - http://hifn.exar.com/SocMe/?id=40055.

About Exar

Exar Corporation delivers highly differentiated silicon, software and subsystem solutions for industrial, datacom and storage applications. For nearly 40 years, Exar's comprehensive knowledge of end-user markets along with the underlying analog, mixed signal and digital technology has enabled innovative solutions that meet the needs of the evolving connected world. Exar's product portfolio includes power management and interface components, communications products, storage optimization solutions, network security and applied service processors. Exar has locations worldwide providing real-time customer support to drive rapid product development. For more information about Exar, visit: http://www.exar.com/.

Intel is a registered trademark in the United States and some other countries.

Source: Exar Corporation
   

CONTACT:  Greg Kaufman, Marketing Communications, +1-510-668-7000

Web Site:  http://www.exar.com/
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Top Rated Affiliate Marketing Management Agency Announced by TopSEOs.com

Poster: SySAdmin
Posted on March 2, 2010 at 7:56:01 AM
Top Rated Affiliate Marketing Management Agency Announced by TopSEOs.com

SUNRISE, Fla., March 2 -- Experience Advertising, the leading outsourced affiliate program management agency or OPM, has again been rated the top affiliate marketing company by TopSEOs.com, an independent online marketing review company. Experience Advertising was established in 2007 to offer outsourced affiliate management services to companies using the major affiliate networks such as Commission Junction, LinkShare, ShareASale, and Google Affiliate Network. The company specializes in growing affiliate programs for large and small advertisers. Experience Advertising was founded by experienced online marketers with backgrounds in affiliate management, ecommerce, SEO, PPC management, email marketing, and conversion rate optimization.

Experience Advertising focuses strictly on managing large numbers of affiliates in order to increase affiliate participation and production for their clients. "We bring our personalized brand of affiliate management to companies that want to competently grow a large and productive affiliate program, but don't have experienced staff to handle their affiliates' needs properly. We also have very affordable rates, which allow for money to be spent actively growing the program and running affiliate sales contests," says Michael Conforti, Director of Business Development for Experience Advertising. He continues that hiring an in-house affiliate manager is often too costly and they lack the experience necessary to work closely with affiliates and cater to their needs.

Another aspect that sets Experience Advertising apart from their competition is the high level of design and professionalism that goes into their affiliate banners and newsletters. "We have an excellent team of graphic designers, web designers, and programmers who produce fresh, exciting banner sets regularly for our clients at no additional cost," continues Conforti. "We don't nickel and dime our clients to death. We try to stay as cost-effective as possible for our clients. We deliver real, measurable results for our advertisers in a matter of months and then continue that growth going forward year over year." This is clearly evident by the company's high client retention rate and impressive client list.

Experience Advertising has developed several free affiliate tools for their affiliates, which have been their most popular feature for affiliate marketers over the past year. "We have free site builders, free site hosting, and we also provide original content directly to affiliates free of charge," states Conforti. Having article writers standing by to produce unique merchant descriptions and niche articles directly to affiliates is another feature no other OPM offers. "Since content is one of the most important aspects of search engine rankings and generating traffic, providing as much original content for our affiliates is our goal. Our free site builder has constructed over 1000 niche sites for affiliates promoting our advertisers in the last year alone," states Conforti.

Experience Advertising is the leading affiliate management company due to their personalized, proactive, and friendly affiliate management style. They use proven techniques in order to facilitate affiliates to become better producers. Experience Advertising works with companies looking to expand their affiliate marketing channel, launch new affiliate programs, or get the most out of their existing affiliate program.

View the rating here: http://www.topseos.com/rankings-of-best-affiliate-marketing-companies

  Press Contact:

  Chastidi Correa
  chastidi@experienceadvertising.com
  1-877-743-0345

This release was issued through eReleases(TM).  For more information, visit http://www.ereleases.com/.

Source: Experience Advertising
   

CONTACT:  Chastidi Correa of Experience Advertising, +1-877-743-0345,
chastidi@experienceadvertising.com

Web Site:  http://experienceadvertising.com/
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Goodway Group Launches First Custom Ad Networks Without Standard Site List

Poster: SySAdmin
Posted on March 2, 2010 at 7:56:01 AM
Goodway Group Launches First Custom Ad Networks Without Standard Site List

JENKINTOWN, Pa., March 2 -- Goodway Group, a third-generation, 80-year-old marketing services company that owns and operates two ad networks, Beep! Automotive and IvyPixel, recently launched the first ad networks to custom-create site lists. The change removes the standard site list limits for advertisers to not be limited to a standard site list and offers the opportunity for them to procure inventory "on demand."

Goodway Group has earned a reputation for unparalleled integrity and innovation in digital advertising and continues to provide a high-level of engagement with its clients. Ordering inventory from publishers on an as-needed basis, and working with the right behavioral data in real-time, creates the most successful environment for a client. The trifecta of no site list, impression scoring, and buy on-demand is a winning formula.

"When advertisers work with ad networks that pre-buy inventory, vulnerabilities can easily be exposed," said Goodway Group COO Jay Friedman. "By employing advanced measures such as eliminating the standard site list, Goodway Group offers advertisers all of the benefits of customized campaigns with the scale, reach and cost-efficiency of an ad network."

As client demands grow, the traditional ad network model is losing its effectiveness. Goodway Group's move to eliminate the standard site list marks new ground for a truly handpicked solution. Without compromising cost efficiency and transparency, advertisers are no longer limited to the sites within the networks.

About Goodway Group

Goodway Group is a third-generation, 80-year-old marketing services company that owns and operates two ad networks, Beep! Automotive and IvyPixel. With more than thirty years of specialized experience in retail marketing, Goodway brings and applies its wealth of experience in retail marketing to online media to deliver measurable, effective results.

The company headquarters are located in Jenkintown, PA, just 10 miles north of Philadelphia, with regional offices located in Austin, Boston, Dallas, Chicago, San Francisco, Los Angeles, New York, Atlanta, Minneapolis, and Philadelphia. For more information, visit http://www.goodwaygroup.com/.

  Contact:
  Melissa Cassera
  Cassera Communications
  (856) 816-3413
  casseracommunications@gmail.com

This release was issued through eReleases(TM).  For more information, visit http://www.ereleases.com/.

Source: Goodway Group
   

CONTACT:  Melissa Cassera of Cassera Communications for Goodway Group,
+1-856-816-3413, casseracommunications@gmail.com

Web Site:  http://www.goodwaygroup.com/
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The High-Tech Action-Packed IRON MAN: ARMORED ADVENTURES is Set for a Second Season!

Poster: SySAdmin
Posted on March 2, 2010 at 7:42:01 AM
The High-Tech Action-Packed IRON MAN: ARMORED ADVENTURES is Set for a Second Season!

HYDERABAD, India, March 2, 2010--     DQE, the animation, gaming, live action entertainment
Production and Distribution Company, in collaboration with their
co-production partners Marvel Animation and Method Animation, are pleased to
announce they will co-produce 26 all-new episodes for a second season of the
popular animated series Iron Man.

     (Photo:
http://www.newscom.com/cgi-bin/prnh/20100302/380867 )

    The first season of Iron Man: Armored Adventures debuted in
the United States on Nicktoons Network in April 2009 to both critical and
audience acclaim, with the hour-long premiere event becoming the highest
rated original series premiere in Nicktoons history. While the incredibly
successful first season continues to air on broadcasters throughout the
world, DQ Entertainment, Marvel Animation and Method Animation have announced
they will co-produce 26 all-new episodes for a second season of the popular
animated series at a multi million Euro production budget.

    Tapaas Chakravarti, Chairman & CEO of DQE said, "This Marvel
Super Hero - Iron Man - has emerged as one of the most popular Super Heroes
of our time. Season 2 of this animated TV series will take Iron Man fans on a
very different visual trip of high action sequences produced in high end CGI.
We're extremely proud of this project, and look forward to adding further
momentum to our relationship with Marvel Animation and Method Animation."

    Aton Soumache, Chairman & CEO of Method Animation stated, "We
are very proud to renew our fruitful collaboration with Marvel Animation and
DQE for Iron Man: Armored Adventures season 2. These new adventures will
provide even more stunning visual effects and entertainment for the delight
of all Iron Man fans."

    Eric Rollman, President of Marvel Animation stated, "With the
premiere season cherished by fans of all ages across the globe, we are
thrilled to work with DQE and Method to bring season two of Iron Man: Armored
Adventures to our loyal fans. We have a lot more action and excitement."

    About Iron Man:

    The first season of Iron Man: Armored Adventures was
celebrated for its spectacular CGI animation and incredible action with
Entertainment Weekly commenting Iron Man: Armored Adventures contains "smart
writing and stellar CG butt-kickery". The second season of Iron Man: Armored
Adventures will take the action and visual effects to the next level as
Marvel Animation continues to tell the story of the exploits of Marvel's
high-octane Super Hero, Iron Man. This exciting series introduces young Tony
Stark, an heir to the billion-dollar corporation Stark International. After
tragedy strikes, the teenage Tony begins using his suit of invincible armor
and technical know-how to protect those who would also fall prey to tragedy,
corruption and conspiracy! He is a new hero for the digital age, a mechanized
knight in ever-evolving, adaptable armor. He is...IRON MAN! Following the
worldwide sensation of the Iron Man movie, which generated $585 million
worldwide, and the upcoming May release of Iron Man 2, the excitement and
awareness of the beloved character is bigger and better than ever.

    About DQE

    DQE is one of the leading producers of animation, visual
effects, game art and entertainment content for the Indian as well as global
media and entertainment industry. With a workforce of over 2800 permanent
employees and a global client - partner base of over 90 producers,
distributors, broadcasters and licensors including Walt Disney Television
Animation, Nickelodeon Animation Studios Inc., Electronic Arts, Marvel
Comics, American Greetings, NBC-Universal, BBC Group, M6/ France TV/ TF-1
Broadcasting groups from France, ZDF Germany and many more world-wide.

    DQE has produced/co-produced and distributed iconic brands
such as Iron Man - the first 3D animated TV series, Twisted Whiskers, Mikido,
Casper, Pinky & Perky, second season of Large Family, third season of Mickey
Mouse Clubhouse and is now producing properties like Little Prince and Little
Nicolas. DQE has a library of over 350 hours of international programs for
distribution.

    DQE is also developing and producing 'The Jungle Book' as a 52
episode animated series and a 60 minute TV feature, Toomai-The Elephant Boy
which is a live action TV series as well as Indian IPs which are on
production like Mysteries of Feluda, and Omkar.

    DQE is currently developing, in collaboration with French
production companies Method Animation and MK2, animated 104 six-minute
episodes for worldwide distribution and exploitation inspired by the
legendary film icon Charlie Chaplin's Hollywood films.

    DQE has received recognition and awards at several national
and international forums. such as the EMMY Award and several nominations at
the EMMY awards, The Pulicenella Award at Cartoons on the Bay international
festival, Red Herring top 100 Private Companies in Asia 2005, ISO 9001: 2000
certification by M/s. Det Norske Veritas, Netherlands and several others.

    DQE's production facilities are based in Hyderabad, Mumbai and
Kolkata and it has international sales representatives in Los Angeles, Paris
and Tokyo.

    About Marvel Entertainment

    Marvel Entertainment, LLC, a wholly-owned subsidiary of The
Walt Disney Company, is one of the world's most prominent character-based
entertainment companies, built on a proven library of over 5,000 characters
featured in a variety of media over seventy years. Marvel utilizes its
character franchises in licensing, entertainment (via Marvel Studios and
Marvel Animation) and publishing (via Marvel Comics). Marvel's strategy is to
leverage its franchises in a growing array of opportunities around the world,
including feature films, consumer products, toys, video games, animated
television, direct-to-DVD and online. For more information visit
http://www.marvel.com.

    DISCLAIMER:

    DQ Entertainment Ltd is proposing, subject to market
conditions and other considerations, a public issue of the equity shares and
has filed the Red Herring Prospectus with Registrar of Companies (ROC),
Hyderabad. The Red Herring Prospectus will be available on the website of
SEBI at http://www.sebi.gov.in, the website of the Book Running Lead Manager
at http://www.sbicaps.com, and the website of the Company at
http://www.dqentertainment.com.

    This press release does not constitute or form part of any
offer or invitation to sell or issue, or any solicitation of any offer to
purchase or subscribe for, any equity shares, nor shall it or any part of it
nor the fact of its distribution form the basis of, or be relied on in
connection with, any contract or investment decision.

    The Equity Shares have not been and will not be registered
under the US Securities Act ("the Securities Act") or any state securities
laws in the United States and may not be issued or sold within the United
States or to, or for the account or benefit of, "U.S. persons" (as defined in
Regulation S under the Securities Act), except pursuant to an exemption from,
or in a transaction not subject to, the registration requirements of the
Securities Act of 1993.

    Any potential investor should note that investment in equity
shares involves a high degree of risk. For details, see the section titled
"Risk Factors" of the Red Herring Prospectus, which has been filed with the
Registrar of Companies.

     Media Contact

   
    DQ Entertainment PLC
    Sumedha Saraogi
    +91-40-2355-3726/27 or
    sumedha@dqentertainment.com

Photo:
http://www.newscom.com/cgi-bin/prnh/20100302/380867

Source: DQ Entertainment International

Media Contact: DQ Entertainment PLC, Sumedha Saraogi, +91-40-2355-3726/27 or sumedha@dqentertainment.com
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International Game Technology Management to Participate in the KeyBanc Conference

Poster: SySAdmin
Posted on March 2, 2010 at 7:42:01 AM
International Game Technology Management to Participate in the KeyBanc Conference

RENO, Nev., March 2 -- International Game Technology (NYSE:IGT) management will participate in the KeyBanc Capital Markets Consumer Conference on March 4, 2010 in New York City.

International Game Technology (http://www.IGT.com) is a global company specializing in the design, development, manufacturing, distribution and sales of computerized gaming machines and systems products.

Source: International Game Technology
   

CONTACT:  Patrick W. Cavanaugh, Executive Vice President, Chief Financial
Officer and Treasurer of IGT, 1-866-296-4232

Web Site:  http://www.igt.com/
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Model Metrics Delivers Amazon Web Services Solution to Prepare TripZipr for Rapid Growth

Poster: SySAdmin
Posted on March 2, 2010 at 7:35:01 AM
Model Metrics Delivers Amazon Web Services Solution to Prepare TripZipr for Rapid Growth

CHICAGO, March 2 -- Thanks to Model Metrics and Amazon Web Services (AWS), TripZipr is ready for takeoff as it positions itself for future growth.

TripZipr is a mobile marketing company that sends travel deals directly to consumers' cell phones so they can book an offer before it sells out. This differs from the typical approach where customers scan travel "alert" websites and newsletters to locate a deal, only to find that it is no longer available. Instead, TripZipr pushes news of special travel offers that fit a specific profile directly to consumers' phones so they can be acted upon immediately. TripZipr also has distribution partnerships with travel service providers to distribute their travel deals through TripZipr and TripZipr affiliated network partners.

TripZipr turned to Model Metrics to migrate its existing application from a managed services provider to Amazon Web Services. The AWS solution, which runs in the Amazon Elastic Compute (EC2) cloud, prepares TripZipr for future growth and expands its capacity.

"Amazon Web Services is an amazing solution, particularly its instant scalability and the speed that its infrastructure delivers. It's fast, it's reliable, we don't have to worry about administrative tasks, and we can easily add servers as our business grows," said Steven Yarger, co-founder of TripZipr, who previously was senior manager, online marketing for Orbitz Worldwide. "AWS is already saving us money - you pay only for what you use, and it costs less than our managed services provider."

Model Metrics CEO Adam Caplan said, "TripZipr's entire migration process from its hosted solution to AWS was completed in less than one week. The Model Metrics team coached TripZipr on how to do the cut-over themselves so they are self-sufficient going forward and can easily add new services, products or clients to their application."

Model Metrics offers customers a wide range of services and solutions utilizing Amazon Web Services to help companies move to the Cloud, including:

  --  Cloud computing strategy development and architecture advisory
  --  eCommerce and website hosting
  --  IT infrastructure enablement
  --  Custom application development on AWS
  --  Mass storage solutions

Model Metrics is an inaugural member of the Amazon Web Services Solutions Providers Program and founded the Chicago Amazon Web Services user group, which meets monthly.

About Model Metrics

Model Metrics delivers solutions and services at the cutting edge of the cloud computing industry. Since its founding in 2003, Model Metrics has become one of the most diversified and respected partners of salesforce.com, Amazon Web Services, Adobe, and Google. Headquartered in Chicago with offices in San Francisco, Los Angeles, New York, Detroit, Minneapolis and Dallas, Model Metrics' customer base spans all industries and includes enterprises such as Abbott, Allstate, Aon, Cars.com, CME Group, Honeywell, InfoUSA, MasterCard, Medtronic, and Orbitz.

With a focus on mobile and call center technology, business process and change management innovation, and custom development, Model Metrics has 4,600+ customers and has completed 1,100+ salesforce.com implementations for mid-sized and Fortune 1000 companies. Its world-class application development skills using Force.com, Adobe Flex and AIR, Amazon Web Services, Google and the Apple iPhone enable the creation of custom applications featuring multimedia-rich user experiences. To learn more, visit http://www.modelmetrics.com or email info@modelmetrics.com or call 877.542.2885. Follow us on Twitter @modelmetricsinc.

About TripZipr

TripZipr is a travel industry mobile marketing company that delivers consumer travel deals direct to mobile phones. Founded in 2009, TripZipr was selected as "Early Stage Innovator" at the industry-leading PhoCusWright 2009 conference. For more information, visit http://www.TripZipr.com.

Source: Model Metrics
   

CONTACT:  David Dahlberg, CMO, +1-312-994-8040,
ddahlberg@modelmetrics.com, or Ellen DePodesta, Public Relations,
+1-312-450-3400, edepodesta@modelmetrics.com,  both of Model Metrics

Web Site:  http://www.modelmetrics.com/
http://www.amazonchicago.com/
http://www.tripzipr.com/
http://www.salesforce.com/
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Nova Measuring Instruments to Present to Investors at the Roth Capital Growth Stock Conference on Monday, March 15, 2010

Poster: SySAdmin
Posted on March 2, 2010 at 7:28:01 AM
Nova Measuring Instruments to Present to Investors at the Roth Capital Growth Stock Conference on Monday, March 15, 2010

REHOVOT, Israel, March 2, 2010--     Nova Measuring Instruments Ltd. (Nasdaq: NVMI), a provider of leading
edge stand alone metrology and a market leader of integrated metrology
solutions to the semiconductor process control market, announced that it will
be presenting to investors at the 22nd Annual Roth Capital Growth Stock
Conference, which will be held at the Ritz Carlton Laguna Niguel in Dana
Point, California on Monday, March 15, 2010.

    Nova's Chief Executive Officer, Gabi Seligsohn, and Nova's
Chief Financial Officer, Dror David, will be presenting to investors at 12:00
pm Pacific Time on Monday, March 15, 2010.

    A live video webcast of the presentation will be available
live at the "Investor Relations" section of Nova's Web site at
http://www.nova.co.il. The presentation will be archived for a period of
three months.

    There will also be an opportunity for investors to meet
one-on-one with management throughout the day of the presentation and the
following day at the conference. Interested investors should contact the
Investor Relations team at Nova Measuring Instruments and/or the conference
organizers at Roth.

    About Nova Measuring Instruments Ltd.

    Nova Measuring Instruments Ltd. develops, produces and markets advanced
integrated and stand alone metrology solutions for the semiconductor
manufacturing industry. Nova Measuring Instruments Ltd. is traded on the
NASDAQ & TASE under the symbol NVMI. Detailed information about Nova
Measuring Instruments Ltd. can be found on its website at http://www.nova.co.il. The
information contained on our website does not form a part of this press
release or the proposed offering described above.

   
    Company Contact:
    Dror David, Chief Financial Officer
    Nova Measuring Instruments Ltd.
    Tel: +972-8-938-7505
    E-mail: info@nova.co.il
    http://www.nova.co.il

    Investor Relations Contacts:
    Ehud Helft / Kenny Green
    CCG Investor Relations Israel
    Tel: +1-646-201-9246
    nova@ccgisrael.com

Source: Nova Measuring Instruments Ltd

Company Contact: Dror David, Chief Financial Officer, Nova Measuring Instruments Ltd., Tel: +972-8-938-7505, E-mail: info@nova.co.il, http://www.nova.co.il; Investor Relations Contacts: Ehud Helft / Kenny Green, CCG Investor Relations Israel, Tel: +1-646-201-9246, nova@ccgisrael.com
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ATA to Present at the Rodman & Renshaw Conference in Beijing on March 8, 2010

Poster: SySAdmin
Posted on March 2, 2010 at 7:28:01 AM
ATA to Present at the Rodman & Renshaw Conference in Beijing on March 8, 2010

BEIJING, March 2 -- ATA Inc. ("ATA", Nasdaq: ATAI), a leading provider of computer-based testing and testing-related services in China, announced that ATA will present at the Rodman & Renshaw investment conference in Beijing on March 8, 2010.

  Conference:        Rodman & Renshaw Annual China Investment Conference

  Event:             Company presentation, answers to questions, and smaller
                     meetings

  Date:              Monday, March 8, 2010

  Presentation time: 9:50 a.m. - 10:15 a.m.

  Location:          Diamond Room 3 in The Regent Hotel,
                     99 Jinbao Street, Beijing, China

  Participants:      Mr. Kevin Ma, Chairman and CEO
                     Ms. Amy Tung, Acting CFO

Mr. Kevin Ma and Ms. Amy Tung will present the company's strategy, products, markets, financial results, and outlook during the presentation. They will answer questions during the presentation and in smaller meetings.

Investors interested in attending the conference should contact their Rodman & Renshaw sales representative. For more about the conference, please visit http://www.rodm.com/conferences?idI .

About ATA Inc.

ATA is the leading provider of computer-based testing services in China. The company offers comprehensive services for the creation and delivery of computer-based tests, based on its proprietary testing technologies and test delivery platform. ATA's computer-based testing services are used for professional licensure and certification tests in various industries, including information technology services, banking, teaching, securities, insurance, and accounting.

ATA's test center network comprised 1,977 authorized test centers located throughout China as of December 31, 2009. The Company believes it has the largest test center network of any commercial testing service provider in China. Combined with its test delivery technologies, this network allows ATA's clients to administer large-scale nationwide tests in a consistent, secure, and cost-effective manner.

ATA has delivered more than 33 million tests, including more than 23 million billable tests, since ATA started operating in 1999. During a single weekend in June 2008, using its test delivery platform, ATA delivered tests to approximately 470,000 test takers for the China Banking Association.

For further information, please visit ATA's website at http://www.ata.net.cn/ .

  For more information, please contact:

  ATA Inc.
   Amy Tung, Acting CFO
   Phone: +86-10-6518-1122 x5528
   Email: ir@ata.net.cn

  Christensen
   Kathy Li
   Phone: +1 212 618 1978
   Email: kli@christensenir.com

   Yuanyuan Chen
   Phone: +86-10-5971-2001
   Email: ychen@christensenir.com

Source: ATA Inc.
   

CONTACT:  Amy Tung, Acting CFO of ATA Inc., +86-10-6518-1122 x5528,
ir@ata.net.cn; or Kathy Li, +1-212-618-1978, kli@christensenir.com, or
Yuanyuan Chen, +86-10-5971-2001, ychen@christensenir.com, both of Christensen

Web site:  http://www.ata.net.cn/
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ChinaNet Online Holdings, Inc. to Present at the 2010 Rodman & Renshaw Annual China Investment Conference in Beijing

Poster: SySAdmin
Posted on March 2, 2010 at 7:28:01 AM
ChinaNet Online Holdings, Inc. to Present at the 2010 Rodman & Renshaw Annual China Investment Conference in Beijing

BEIJING, March 2 -- ChinaNet Online Holdings, Inc. ("ChinaNet", OTC Bulletin Board: CHNT), a leading full-service media development, advertising and communications company for small- and medium-sized enterprises (SMEs) in the People's Republic of China ("China"), today announced it will present at the Rodman & Renshaw Annual China Investment Conference being held March 7-9 in Beijing, China. Presentation details are noted below.

  Date:      March 9, 2010
  Time:      4:05 pm Beijing Time
  Location:  Ballroom I, The Regent Hotel, Beijing China
  Presenter: Lifeng Zhang, Investment Director

Conference participation is by invitation and registration is mandatory. For more information on the conference, contact your Rodman & Renshaw representative or visit http://www.rodm.com/ .

About Rodman & Renshaw  (NasdaqGM: RODM)

Rodman & Renshaw Capital Group, Inc., (NasdaqGM: RODM) through its subsidiaries, engages in investment banking business. It offers corporate finance services focusing on various public and private equity products, which include private investment in public equity, registered direct offerings, private placements, and public offerings, as well as provides Collateralized Acquisition Pool, a product used to facilitate a targeted acquisition. The company also involves in strategic advisory services, which include identifying and/or evaluating acquisition targets or acquirers; providing valuation analyses; evaluating and proposing financial and strategic alternatives; rendering fairness opinions; advising on timing, structure, and pricing of transaction; assisting in negotiating and closing a transaction; advising on the sale process; and assisting in preparing a memorandum or other sales materials. In addition, it provides merchant banking and asset management services. Rodman & Renshaw Capital Group serves public and private biotechnology companies. The company is headquartered in New York, New York.

About ChinaNet Online Holdings, Inc.

The Company, a parent company of ChinaNet Online Media Group Ltd., incorporated in the BVI ("ChinaNet" or "Zhong Wang Zai Xian"), is a leading full-service media development, advertising and communications company for SMEs in the PRC. The Company, through certain contractual arrangements with operating companies in the PRC, provides internet advertising and other services for Chinese SMEs via its portal website http://www.28.com/ , TV commercials and program production via China-Net TV, and in-house LCD advertising on banking kiosks targeting Chinese banking patrons. Website: http://www.chinanet-online.com/

Safe Harbor Statement

This release contains certain "forward-looking statements" relating to the business of ChinaNet Online Holdings, Inc., which can be identified by the use of forward-looking terminology such as "believes," "expects," "anticipates," "estimates" or similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties, including business uncertainties relating to government regulation of our industry, market demand, reliance on key personnel, future capital requirements, competition in general and other factors that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Certain of these risks and uncertainties are or will be described in greater detail in our filings with the Securities and Exchange Commission. These forward-looking statements are based on ChinaNet's current expectations and beliefs concerning future developments and their potential effects on the company. There can be no assurance that future developments affecting ChinaNet will be those anticipated by ChinaNet. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond the control of the Company) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by such forward-looking statements. ChinaNet undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

  For more information, please contact:

  Mark Elenowitz
  TriPoint Capital Advisors
  Tel:   +1-917-512-0822

  HC International, Inc.
  Ted Haberfield, Executive VP
  Tel:   +1-760-755-2716
  Email: thaberfield@hcinternational.net
  Web:   http://www.hcinternational.net/

Source: ChinaNet Online Holdings, Inc.
   

CONTACT: Mark Elenowitz of TriPoint Capital Advisors, +1-917-512-0822; HC
International, Inc., Ted Haberfield, Executive VP, +1-760-755-2716, or
thaberfield@hcinternational.net

Web site: http://www.chinanet-online.com/
http://www.28.com/
http://www.rodm.com/
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Isilon to Present at Morgan Stanley Technology Conference

Poster: SySAdmin
Posted on March 2, 2010 at 7:28:01 AM
Isilon to Present at Morgan Stanley Technology Conference

SEATTLE, March 2 -- Isilon® Systems (NASDAQ:ISLN), today announced that Isilon President and Chief Executive Officer Sujal Patel and Chief Financial Officer Bill Richter will present at the Morgan Stanley Technology, Media and Telecom Conference at the Palace Hotel in San Francisco, CA, at 3:55 p.m. PT on Wednesday, March 3, 2010. The presentation will be available via audio webcast here and will be archived for up to 90 days.

About Isilon Systems

Isilon Systems (NASDAQ:ISLN) is the proven leader in scale-out NAS. Isilon's clustered storage and data management solutions drive unique business value for customers by maximizing the performance of their mission-critical applications, workflows, and processes. Isilon enables enterprises and research organizations worldwide to manage large and rapidly growing amounts of file-based data in a highly scalable, easy-to-manage, and cost-effective way. Information about Isilon can be found at http://www.isilon.com/.

The names of companies mentioned herein are the trademarks of their respective owners.

Source: Isilon Systems
   

CONTACT:  Lucas Welch of Isilon Systems, +1-206-315-7621,
lucas.welch@isilon.com; or James McIntyre of McClenahan Bruer,
+1-503-546-1016, james@mcbru.com for Isilon Systems

Web Site:  http://www.isilon.com/
Tags PR Press Release
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Boyd Gaming Reports Fourth Quarter, Year-End Results

Poster: SySAdmin
Posted on March 2, 2010 at 7:28:01 AM
Boyd Gaming Reports Fourth Quarter, Year-End Results

LAS VEGAS, March 2 -- Boyd Gaming Corporation (NYSE:BYD) today reported financial results for the fourth quarter and full year ended December 31, 2009.

(Logo:  http://www.newscom.com/cgi-bin/prnh/20030219/BOYDLOGO)

For the quarter, we reported a net loss of $1.0 million, or $0.01 per share, compared to a net loss of $220.8 million, or $2.51 per share, in the same period last year.  Adjusted Earnings(1) for the fourth quarter 2009 were $0.2 million, or less than $0.01 per share, compared to $11.4 million, or $0.13 per share, for the same period in 2008.

Certain pre-tax items resulted in a net increase in Adjusted Earnings of $2.0 million ($1.2 million, net of tax, or $0.01 per share) during the fourth 2009, including preopening expenses related to Echelon and the write-off of deferred loan fees, offset by gains on retirement of debt.  By comparison, the fourth quarter 2008 included certain pre-tax adjustments that had a net effect of increasing Adjusted Earnings by $271.8 million ($232.2 million, net of tax, or $2.64 per share), primarily related to non-cash impairment charges related to the writedown of goodwill and intangible assets of certain business units acquired in previous years.

Net revenues were $384.9 million for the fourth quarter 2009, compared to $422.6 million for the same quarter in 2008, a decrease of 8.9%.  Total Adjusted EBITDA was $74.0 million for the quarter, a decrease of 21.4% from $94.1 million in the prior year.

Keith Smith, President and Chief Executive Officer of Boyd Gaming, commented on the quarter, "The stabilizing trends we've noted previously continued during the fourth quarter, and we were especially encouraged by our Las Vegas Locals business, which showed sequential improvement from the third quarter.  Visitation to the city continues to grow, reflecting the popularity of Las Vegas as a destination. As the economic recovery accelerates, consumer spending will increase, providing us the opportunity to capitalize on our more efficient business model."

(1) See footnotes at the end of the release for additional information relative to non-GAAP financial measures.

Full-Year 2009 Results

We reported net income for the year ended December 31, 2009 of $4.2 million, or $0.05 per share. By comparison, we reported a net loss of $223.0 million, or $2.54 per share, for the year ended December 31, 2008.  Adjusted Earnings for the year ended December 31, 2009 were $31.6 million, or $0.37 per share, compared to $81.4 million, or $0.93 per share, for the full year 2008.

Net revenues were $1.64 billion and $1.78 billion for the years ended December 31, 2009 and 2008, respectively.  Total Adjusted EBITDA was $385.9 million for the year 2009, compared to $442.6 million in the prior year.

  Key Operations Review
  Las Vegas Locals

In our Las Vegas Locals segment, fourth-quarter 2009 net revenues were $155.0 million versus $176.8 million for the fourth quarter 2008.  Fourth-quarter 2009 Adjusted EBITDA was $34.7 million, a 20.7% decrease from the $43.8 million in the same quarter 2008.  We saw stable visitation at our properties in the Las Vegas Valley, but continued to be impacted by depressed consumer discretionary spending.

Downtown

Our Downtown Las Vegas region reported net revenues of $58.0 million, compared to $60.8 million in the prior year quarter.  Adjusted EBITDA for the fourth quarter was $12.2 million, a 7.7% decrease from the $13.3 million reported in the fourth quarter 2008.  Stronger operating results at our three downtown properties were offset by lower pricing and higher fuel costs associated with our Hawaiian charter service.

Midwest and South

In our Midwest and South region, we recorded $171.9 million in net revenues for the fourth quarter 2009, compared to $185.1 million for the same quarter in 2008.  Adjusted EBITDA for the current period was $28.1 million, a decrease of 22.7% from the $36.3 million reported in the same period of 2008.  In Indiana, Blue Chip reported solid year-over-year growth, which was offset by previously anticipated weakness at our southern Louisiana properties.

Borgata

Net revenues for Borgata were $175.4 million for the fourth quarter 2009, compared to $183.5 million recorded in the same quarter in 2008.  Operating income for the fourth quarter 2009 was $17.1 million, up from $16.5 million in the prior year quarter.  Adjusted EBITDA was $36.4 million, essentially flat with the $36.7 million recorded in the fourth quarter 2008.  Borgata was able to maintain Adjusted EBITDA at prior-year levels despite the impact of severe winter weather in December.

Key Financial Statistics

The following is additional information as of and for the three months ended December 31, 2009:

  --  Debt balance: $2.58 billion
  --  Cash: $93.2 million
  --  Capital expenditures: $15.5 million
  --  Debt balance at Borgata: $679.6 million
  --  Distribution from Borgata to partners: $89 million

  Conference Call Information

We will host our fourth quarter 2009 conference call today, March 2, at 12:00 p.m. Eastern.  The conference call number is 888.713.4218 and the passcode is 87895430.  Please call up to 15 minutes in advance to ensure you are connected prior to the start of the call.

The conference call will also be available live on the Internet at http://www.boydgaming.com or http://phx.corporate-ir.net/phoenix.zhtml?p=irol-eventDetails&c=95703&eventID= 2745655

Following the call's completion, a replay will be available by dialing 888.286.8010 today, March 2, beginning two hours after the completion of the call and continuing through Tuesday, March 9.  The passcode for the replay will be 87359864.  The replay will also be available on the Internet at http://www.boydgaming.com .

   
  BOYD GAMING CORPORATION AND SUBSIDIARIES
  CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS                         
                                                                           
                                                                       
                                  Three Months Ended         Year Ended
                                     December 31,           December 31,
                                   ---------------        ----------------
                                   2009       2008        2009        2008
                                   ----       ----        ----        ----
  Revenues                                     (In thousands)               
    Gaming                       $320,377   $351,664  $1,372,091 $1,477,476
    Food and beverage              55,950     60,277     229,374    251,854
    Room                           29,054     32,715     122,305    140,651
    Other                          24,253     28,497     100,396    117,574
                                   ------     ------     -------    -------
  Gross revenues                  429,634    473,153   1,824,166  1,987,555
  Less promotional                                                         
   allowances                      44,686     50,523     183,180    206,588
                                   ------     ------     -------    -------
          Net revenues            384,948    422,630   1,640,986  1,780,967
                                  -------    -------   ---------  ---------
                                                                           
  Costs and expenses                                                       
    Gaming                        162,710    172,420     664,739    690,847
    Food and beverage              31,306     33,084     125,830    144,092
    Room                            9,443     10,257      39,655     43,851
    Other                          19,110     20,221      77,840     89,222
    Selling, general                                                       
     and administrative            67,445     72,311     284,937    299,662
    Maintenance and                                                         
     utilities                     22,185     23,232      92,296     95,963
    Depreciation and                                                       
     amortization                  39,103     41,679     164,427    168,997
    Corporate expense              12,540     10,009      47,617     52,332
    Preopening expenses             3,025      3,501      17,798     20,265
    Write-downs and                                                         
     other charges, net               365    290,819      41,780    385,521
                                      ---    -------      ------    -------
        Total costs and                                                     
         expenses                 367,232    677,533   1,556,919  1,990,752
                                  -------    -------   ---------  ---------
                                                                           
  Operating income                                                         
   from Borgata                     8,205      7,915      72,126     56,356
                                    -----      -----      ------     ------
  Operating                                                                 
   income (loss)                   25,921   (246,988)    156,193   (153,429)
                                   ------   --------     -------   --------
                                                                           
  Other expense                                                             
   (income)                                                                 
    Interest income                    (1)        (1)         (6)    (1,070)
    Interest                                                               
     expense, net of                                                       
     amounts                                                               
     capitalized                   33,024     25,323     146,830    110,146
    Increase in                                                             
     value of                                                               
     derivative                                                             
     instruments                        -          -           -       (425)
    Gain on early                                                           
     retirements of debt           (3,223)   (26,124)    (15,284)   (28,553)
    Other non-                                                             
     operating expenses                 3          -          33          -
    Other non-                                                             
     operating                                                             
     expenses from                                                         
     Borgata, net                   3,073      3,120      19,303     16,009
                                    -----      -----      ------     ------
          Total other                                                       
           expense, net            32,876      2,318     150,876     96,107
                                   ------      -----     -------     ------
                                                                           
  Income (loss) before                                                     
   income taxes                    (6,955)  (249,306)      5,317   (249,536)
  Benefit from (provision                                     
   for) income taxes                5,931     28,532      (1,076)    26,531
                                    -----     ------      ------     ------
  Net income (loss)               $(1,024) $(220,774)     $4,241   (223,005)
                                  =======  =========      ======  =========
                                                                           
  Basic net income                                                         
   (loss) per common share         $(0.01)    $(2.51)      $0.05     $(2.54)
                                   ======     ======       =====     ======
                                                                           
  Weighted average basic                                       
   shares outstanding              86,276     87,882      86,429     87,854
                                   ======     ======      ======     ======
                                                                           
  Diluted net income (loss)                                   
   per common share                $(0.01)    $(2.51)      $0.05    $(2.54)
                                   ======     ======       =====     ======
                                                                           
  Weighted average                                                         
   diluted shares                                                           
   outstanding                     86,276     87,882      86,517     87,854
                                   ======     ======      ======     ======
                                                                           
  Dividends declared                                                       
   per common share                    $-         $-          $-      $0.30
                                      ===        ===         ===      =====

  The following table reconciles the net income (loss) based upon United
  States generally accepted accounting principles to adjusted earnings and
  adjusted earnings per share.                             
                                                           
                                                           
                                                           
                                 Three Months Ended          Year Ended   
                                     December 31,           December 31,   
                                   ---------------        ----------------
                                   2009       2008        2009        2008
                                   ----       ----        ----        ----
                                                 (In thousands)           
  Net income (loss)              $(1,024) $(220,774)     $4,241   $(223,005)
    Adjustments:                                                           
      Preopening expenses          3,025      3,501      17,798      20,265
      Our share of                                                         
       Borgata's                                                           
       preopening                                                         
       expenses                        -       (141)        349       2,785
      Our share of                                                         
       Borgata's other                                                     
       items and write-                                                   
       downs, net                      5          5     (14,303)         81
      Write-downs and                                                     
       other charges, net            365    290,819      41,780     385,521
      Increase in                                                       
       value of                                                         
       derivative                                                       
       instruments                     -          -           -        (425)
      Gain on early                                                     
       retirements of debt        (3,223)   (26,124)    (15,284)    (28,553)
      Other non-                                                       
       operating expenses              3          -          33           -
      Prior period                                                     
       interest expense                                                 
       related to the                                                   
       finalization of                                                 
       our purchase price                                               
       for Dania Jai-Alai              -          -       8,883           -
      Accelerated                                                   
       interest                                                     
       expense                                                       
       related to our                                               
       bank credit                                                   
       facility amendment          1,813          -       1,813           -
      Income tax                                                       
       effect for                                                       
       above adjustments            (758)   (39,616)    (13,680)    (78,981)
      Certain one-time                                                 
       permanent tax                                                   
       adjustments                     -      3,745           -       3,745
                                     ---      -----         ---       -----
  Adjusted earnings                 $206    $11,415     $31,630     $81,433
                                    ====    =======     =======     =======
                                                                       
  Adjusted earnings                                                     
   per diluted share                                                   
   (Adjusted EPS)                  $0.00      $0.13       $0.37       $0.93
                                   =====      =====       =====       =====
                                                                       
  Weighted average                                                     
   diluted shares                                                       
   outstanding                    86,276     87,882      86,517      87,854
                                  ======     ======      ======      ======
                                                                       

  The following table illustrates the impact of the above adjustments on
  earnings per share.

                                  Three Months Ended        Year Ended     
                                     December 31,           December 31,   
                                   ---------------        ----------------
                                   2009       2008        2009        2008
                                   ----       ----        ----        ----
  Diluted net                                                             
   income (loss)                                                           
   per common share               $(0.01)    $(2.51)      $0.05      $(2.54)
    Adjustments:                                                           
      Preopening expenses           0.04       0.04        0.21        0.23
      Our share of                                                         
       Borgata's                                                           
       preopening                                                         
       expenses                        -          -           -        0.03
      Our share of                                                         
       Borgata's other                                                     
       items and write-                                                   
       downs, net                      -          -       (0.16)          -
      Write-downs and                                                     
       other charges, net              -       3.31        0.48        4.39
      Increase in                                                         
       value of                                                           
       derivative                                                         
       instruments                     -          -           -           -
      Gain on early                                                       
       retirements of debt         (0.04)     (0.30)      (0.17)      (0.32)
      Other non-                                                         
       operating expenses              -          -           -           -
      Prior period                                                         
       interest expense                                                   
       related to the                                                     
       finalization of                                                     
       our purchase price                                                 
       for Dania Jai-Alai              -          -        0.10           -
      Accelerated                                                       
       interest                                                         
       expense                                                         
       related to our                                                   
       bank credit                                                       
       facility amendment           0.02          -        0.02           -
      Income tax                                                       
       effect for                                                         
       above                                                               
       adjustments                 (0.01)     (0.45)      (0.16)      (0.90)
      Certain one-time                                                     
       permanent tax                                                       
       adjustments                     -       0.04           -        0.04
                                     ---       ----         ---        ----
  Adjusted earnings                                                       
   per diluted share                                                       
   (Adjusted EPS)                  $0.00      $0.13       $0.37       $0.93
                                   =====      =====       =====       =====
                                                                           

                             
  The following table presents Net Revenues and Adjusted EBITDA by operating
  segment and reconciles Adjusted EBITDA to net income (loss) for the three
  months and year ended December 31, 2009 and 2008.  Note that in the
  Company's periodic reports filed with the Securities and Exchange
  Commission, the results from Dania Jai-Alai and corporate expense are
  classified as part of total other operating costs and expenses and are not
  included in Reportable Segment Adjusted EBITDA.
                                                                           
                                                                           
                                  Three Months Ended         Year Ended     
                                     December 31,           December 31,   
                                   ---------------        ---------------   
                                   2009       2008        2009       2008
                                   ----       ----        ----       ----
                                               (In thousands)               
  Net Revenues                                                           
    Las Vegas Locals            $154,966   $176,819    $641,941    $763,002
    Downtown Las Vegas (a)        58,049     60,755     229,149     240,232
    Midwest and South            171,933    185,056     769,896     777,733
                                 -------    -------     -------     -------
            Net Revenues        $384,948   $422,630  $1,640,986  $1,780,967
                                ========   ========  ==========  ==========
                                                                           
  Adjusted EBITDA                                                         
    Las Vegas Locals             $34,736    $43,828    $155,336    $218,591
    Downtown Las Vegas            12,247     13,264      46,102      40,657
    Midwest and South             28,081     36,327     161,892     166,366
                                  ------     ------     -------     -------
        Wholly-owned                                                       
         property Adjusted                                                 
         EBITDA                   75,064     93,419     363,330     425,614
        Corporate expense (c)     (9,581)    (7,391)    (36,934)    (43,494)
                                  ------     ------     -------     -------
            Wholly-owned                                                   
             Adjusted EBITDA      65,483     86,028     326,396     382,120
    Our share of                                                           
     Borgata's                                                             
     operating income                                                     
     before net                                                           
     amortization,                                                         
     preopening and                                                       
     other items (d)               8,535      8,104      59,470      60,520
                                   -----      -----      ------      ------
          Adjusted EBITDA (e)     74,018     94,132     385,866     442,640
                                  ------     ------     -------     -------
                                                                           
  Other operating                                                         
   costs and expenses                                                     
    Deferred rent                  1,088      1,115       4,354       4,460
    Depreciation and                                                       
     amortization (f)             39,428     42,004     165,725     170,295
    Preopening expenses            3,025      3,501      17,798      20,265
    Our share of                                                           
     Borgata's                                                           
     preopening                                                         
     expenses                          -       (141)        349       2,785
    Our share of                                                         
     Borgata's other                                                   
     items and write-                                                 
     downs, net                        5          5     (14,303)         81
    Share-based                                                         
     compensation expense          4,186      3,817      13,970      12,662
    Write-downs and                                                     
     other charges, net              365    290,819      41,780     385,521
                                     ---    -------      ------     -------
        Total other operating                                           
         costs and expenses       48,097    341,120     229,673     596,069
                                  ------    -------     -------     -------
  Operating income (loss)         25,921   (246,988)    156,193    (153,429)
                                  ------   --------     -------    --------
                                                                       
  Other non-operating items                                                 
    Interest                                                           
     expense, net (b)             33,023     25,322     146,824     109,076
    Increase in value of                                                   
     derivative instruments            -          -           -        (425)
    Gain on early                                                     
     retirements of debt          (3,223)   (26,124)    (15,284)    (28,553)
    Other non-operating expenses       3          -          33           -
    Our share of Borgata's other                                           
     non-operating expenses, net   3,073      3,120      19,303      16,009
                                   -----      -----      ------      ------
        Total other non-                                           
         operating costs and                                       
         expenses                 32,876      2,318     150,876      96,107
                                  ------      -----     -------      ------
                                                                   
  Income (loss) before                                             
   income taxes                   (6,955)  (249,306)      5,317    (249,536)
  Benefit from (provision                                           
   for) income taxes               5,931     28,532      (1,076)     26,531
                                   -----     ------      ------      ------
  Net income (loss)              $(1,024) $(220,774)     $4,241   $(223,005)
                                 =======  =========      ======   =========
                                                                   
                                                                   
  (a) Includes revenues related to Vacations Hawaii and other travel agency
      related entities of $8.2 million and $32.3 million for the three
      months and year ended December 31, 2009, respectively, and $10.5
      million and $42.7 million for the three months and year ended December
      31, 2008, respectively.

  (b) Net of interest income and amounts capitalized.  Interest expense for
      the year ended December 31, 2009, includes $8.9 million of prior
      period interest expense (from the March 1, 2007 date of acquisition to
      December 31, 2008) related to the January 2009 amendment to the
      purchase agreement resulting in the finalization of our purchase price
      for Dania Jai-Alai, as well as $1.8 million in accelerated interest
      expense related to our bank credit facility amendment.

  (c) The following table reconciles the presentation of corporate expense
      on our condensed consolidated statements of operations to the
      presentation on the accompanying table.

                                                                           
                                                                           
                                  Three Months Ended         Year Ended   
                                      December 31,           December 31, 
                                    ---------------        ---------------
                                    2009       2008        2009       2008
                                    ----       ----        ----       ----
                                                (In thousands)     
  Corporate expense as                                                 
   reported on our consolidated
   statements of operations       $12,540    $10,009     $47,617    $52,332
  Corporate share-based       
   compensation expense            (2,959)    (2,618)    (10,683)    (8,838)
                                   ------     ------     -------     ------
  Corporate expense                                                   
   as reported on the                                                 
   accompanying table              $9,581     $7,391     $36,934    $43,494
                                   ======     ======     =======    =======
                                                                       
  (d) The following table reconciles the presentation of our share of
      Borgata's operating income on our condensed consolidated statements of
      operations to the presentation of our share of Borgata's results on
      the accompanying table.

                                                                     
                                                                     
                                  Three Months Ended         Year Ended 
                                      December 31,           December 31,
                                    ---------------        ----------------
                                    2009       2008        2009        2008
                                    ----       ----        ----        ----
                                                 (In thousands)       
  Operating income from Borgata as
   reported on our consolidated   
   statements of operations        $8,205     $7,915     $72,126     $56,356
  Add back:                                                                 
    Net amortization                                                       
     expense related to                                                     
     our investment in                                                     
     Borgata                          325        325       1,298       1,298
    Our share of                                                           
     Borgata's                                                             
     preopening                                                             
     expenses                           -       (141)        349       2,785
    Our share of                                                           
     Borgata's other                                                       
     items and write-                                                       
     downs, net                         5          5     (14,303)         81
                                      ---        ---     -------         ---
  Our share of                                                             
   Borgata's operating income                   
   before net amortization,                     
   preopening and other items                           
   as reported on the                                                       
   accompanying table              $8,535     $8,104     $59,470     $60,520
                                   ======     ======     =======     =======

   (e) The following table reconciles Adjusted EBITDA to EBITDA and net
       income (loss).
       
       
       
                                   Three Months Ended         Year Ended   
                                      December 31,           December 31,   
                                    ---------------        ----------------
                                    2009       2008        2009        2008
                                    ----       ----        ----        ----
                                                (In thousands)               
  Adjusted EBITDA                 $74,018    $94,132    $385,866   $442,640
    Deferred rent                   1,088      1,115       4,354      4,460
    Preopening expenses             3,025      3,501      17,798     20,265
    Our share of Borgata's
     preopening expenses                -       (141)        349      2,785
    Our share of                                                           
     Borgata's other                                                       
     items and write-                                                     
     downs, net                         5          5     (14,303)        81
    Share-based compensation                                               
     expense                        4,186      3,817      13,970     12,662
    Write-downs and                                                       
     other charges, net               365    290,819      41,780    385,521
    Increase in value of                                                   
     derivative instruments             -          -           -       (425)
    Gain on early                                                         
     retirements of debt           (3,223)   (26,124)    (15,284)   (28,553)
    Other non-operating expenses        3          -          33          -
    Our share of Borgata's                                                 
     other non-operating                                                   
     expenses, net                  3,073      3,120      19,303     16,009
                                    -----      -----      ------     ------
  EBITDA                           65,496   (181,980)    317,866     29,835
                                   ------   --------     -------     ------
    Depreciation and                                                     
     amortization                  39,428     42,004     165,725    170,295
    Interest expense, net          33,023     25,322     146,824    109,076
    Benefit from (provision                                               
     for) income taxes             (5,931)   (28,532)      1,076    (26,531)
                                   ------    -------       -----     ------
  Income (loss) from                                                     
   continuing operations          $(1,024) $(220,774)     $4,241  $(223,005)
                                  =======  =========      ======   ========

  (f) The following table reconciles the presentation of depreciation and
      amortization on our condensed consolidated statements of operations to
      the presentation on the accompanying table.
   
   
   
                                  Three Months Ended        Year Ended     
                                     December 31,           December 31,   
                                   ---------------        ----------------
                                   2009       2008        2009        2008
                                   ----       ----        ----        ----
                                                (In thousands)             
  Depreciation and                                                       
   amortization as reported on                                           
   our consolidated statements
   of operations                  $39,103    $41,679    $164,427    $168,997
  Net amortization expense
   related to our investment in                                           
   Borgata                            325        325       1,298       1,298
                                      ---        ---       -----       -----
  Depreciation and amortization                                           
   as reported on the                                                     
   accompanying table             $39,428    $42,004    $165,725    $170,295
                                  =======    =======    ========    ========
                                                                         
                                                                         

  The following table reports Borgata's financial results.

                                                                           
                                 Three Months Ended         Year Ended     
                                     December 31,           December 31,   
                                   ---------------        ----------------
                                   2009       2008        2009        2008
                                   ----       ----        ----        ----
                                                 (In thousands)           

  Gaming revenue                 $153,387   $169,796    $691,428   $734,306
  Non-gaming revenue               68,508     72,722     299,173    310,157
                                   ------     ------     -------    -------
  Gross revenues                  221,895    242,518     990,601  1,044,463
  Less promotional allowances      46,487     59,035     213,193    213,974
                                   ------     ------     -------    -------
      Net revenues                175,408    183,483     777,408    830,489
                                  -------    -------     -------    -------
  Expenses                        138,960    146,765     579,749    633,353
  Depreciation and                                                     
   amortization                    19,380     20,511      78,719     76,096
  Preopening expenses                   -       (282)        699      5,570
  Write-downs and other                                                 
   items, net                          10          9     (28,606)       162
                                      ---        ---     -------        ---
  Operating income                 17,058     16,480     146,847    115,308
                                   ------     ------     -------    -------
  Interest expense, net            (5,787)    (8,171)    (27,668)   (29,049)
  State income tax                                                     
   (provision) benefit               (359)     1,930     (10,938)    (2,970)
                                     ----      -----     -------     ------
      Total non-operating                                           
       expenses                    (6,146)    (6,241)    (38,606)   (32,019)
                                   ------     ------     -------    -------
  Net income                      $10,912    $10,239    $108,241    $83,289
                                  =======    =======    ========    =======

  The following table reconciles our share of Borgata's financial results to
  the amounts reported on our condensed consolidated statements of
  operations.

                                  Three Months Ended        Year Ended   
                                      December 31,          December 31, 
                                    ---------------        --------------
                                    2009       2008        2009      2008
                                    ----       ----        ----      ----
                                                 (In thousands)           
  Our share of Borgata's
   operating income                $8,530     $8,240     $73,424    $57,654
  Net amortization                                                         
   expense related to                                                     
   our investment in                                                       
   Borgata                           (325)      (325)     (1,298)    (1,298)
                                     ----       ----      ------     ------
  Operating income from                                                   
   Borgata, as reported on                                                 
   our consolidated                                                       
   financial statements            $8,205     $7,915     $72,126    $56,356
                                   ======     ======     =======    =======
                                                                           
  Other non-operating                                                     
   expenses from                                                           
   Borgata, as reported on                                                 
   our consolidated                                                       
   financial statements            $3,073     $3,120     $19,303    $16,009
                                   ======     ======     =======    =======
                                                                           
                                                                           
                                                                           
  The following table reconciles operating income to Adjusted EBITDA for
  Borgata.
                                                                           
                                   Three Months Ended       Year Ended     
                                      December 31,          December 31,   
                                    ---------------       ----------------
                                    2009       2008       2009        2008
                                    ----       ----       ----        ----
                                                (In thousands)             
  Operating income                $17,058    $16,480    $146,847    $115,308
    Depreciation and                                                       
     amortization                  19,380     20,511      78,719      76,096
    Preopening expenses                 -       (282)        699       5,570
    Write-downs and other                                                   
     items, net                        10          9     (28,606)        162
                                      ---        ---     -------         ---
  Adjusted EBITDA                 $36,448    $36,718    $197,659    $197,136
                                  =======    =======    ========    ========
                                                                           

  The following table reconciles Adjusted EBITDA to EBITDA and net income
  for Borgata.
                                                                           
                                   Three Months Ended        Year Ended     
                                      December 31,           December 31,   
                                    ---------------        ----------------
                                    2009       2008        2009        2008
                                    ----       ----        ----        ----
                                                (In thousands)             
  Adjusted EBITDA                 $36,448    $36,718    $197,659    $197,136
    Preopening expenses                 -       (282)        699       5,570
    Other items                                                             
     and write-downs, net              10          9     (28,606)        162
                                      ---        ---     -------         ---
  EBITDA                           36,438     36,991     225,566     191,404
                                   ------     ------     -------     -------
    Depreciation and                                                       
     amortization                  19,380     20,511      78,719      76,096
    Interest                                                               
     expense, net                   5,787      8,171      27,668      29,049
    State income tax                                                       
     (provision) benefit              359     (1,930)     10,938       2,970
                                      ---     ------      ------       -----
  Net income                      $10,912    $10,239    $108,241     $83,289
                                  =======    =======    ========     =======

  Footnotes and Safe Harbor Statements
  Non-GAAP Financial Measures

Regulation G, "Conditions for Use of Non-GAAP Financial Measures," prescribes the conditions for use of non-GAAP financial information in public disclosures. We believe that our presentations of the following non-GAAP financial measures are important supplemental measures of operating performance to investors: earnings before interest, taxes, depreciation and amortization (EBITDA), Adjusted EBITDA, Adjusted Earnings and Adjusted Earnings Per Share (Adjusted EPS). The following discussion defines these terms and why we believe they are useful measures of our performance.

Note that while the Company will continue to include the results of Dania Jai-Alai and corporate expense in Adjusted EBITDA for purposes of its earnings releases, in filings of the Company's periodic reports with the Securities and Exchange Commission, the results of Dania Jai-Alai and corporate expense are not included in the Company's Reportable Segment Adjusted EBITDA.  Effective April 1, 2008, the Company reclassified the reporting of its Midwest and South segment to exclude the results of Dania Jai-Alai, since it does not share similar economic characteristics with our other Midwest and South operations. In the Company's periodic reports, Dania Jai-Alai's results are included as part of total other operating costs and expenses. In addition, as of the same date, we reclassified the reporting of corporate expense to exclude it from our subtotal for Reportable Segment Adjusted EBITDA and include it as part of total other operating costs and expenses. Furthermore, in the Company's periodic reports, corporate expense is presented to include its portion of share-based compensation expense.

EBITDA and Adjusted EBITDA

EBITDA is a commonly used measure of performance in our industry which we believe, when considered with measures calculated in accordance with United States Generally Accepted Accounting Principles (GAAP), gives investors a more complete understanding of operating results before the impact of investing and financing transactions and income taxes and facilitates comparisons between us and our competitors. Management has historically adjusted EBITDA when evaluating operating performance because we believe that the inclusion or exclusion of certain recurring and non-recurring items is necessary to provide the most accurate measure of our core operating results and as a means to evaluate period-to-period results. We have chosen to provide this information to investors to enable them to perform more meaningful comparisons of past, present and future operating results and as a means to evaluate the results of core on-going operations. We do not reflect such items when calculating EBITDA; however, we adjust for these items and refer to this measure as Adjusted EBITDA. We have historically reported this measure to our investors and believe that the continued inclusion of Adjusted EBITDA provides consistency in our financial reporting. We use Adjusted EBITDA in this press release because we believe it is useful to investors in allowing greater transparency related to a significant measure used by management in its financial and operational decision-making. Adjusted EBITDA is among the more significant factors in management's internal evaluation of total company and individual property performance and in the evaluation of incentive compensation related to property management. Management also uses Adjusted EBITDA as a measure in determining the value of acquisitions and dispositions. Adjusted EBITDA is also widely used by management in the annual budget process. Externally, we believe these measures continue to be used by investors in their assessment of our operating performance and the valuation of our company. Adjusted EBITDA reflects EBITDA adjusted for deferred rent, preopening expenses, share-based compensation expense, write-downs and other charges, net, increase in value of derivative instruments, gain on early retirements of debt, other non-operating expenses, and our share of Borgata's non-operating expenses, preopening expenses and other items and write-downs, net. In addition, Adjusted EBITDA includes the results of Dania Jai-Alai and corporate expense.  A reconciliation of Adjusted EBITDA to EBITDA and net income (loss), based upon GAAP, is included in the financial schedules accompanying this release.

Adjusted Earnings and Adjusted EPS

Adjusted Earnings is net income (loss) before preopening expenses, increase in value of derivative instruments, write-downs and other charges, net, gain on early retirements of debt, prior period interest expense related to the finalization of our purchase price for Dania Jai-Alai, accelerated interest expense related to our bank credit facility amendment, certain one-time permanent tax readjustments, other non-operating expenses, and our share of Borgata's preopening expenses and other items and write-downs, net.  Adjusted Earnings and Adjusted EPS are presented solely as supplemental disclosures because management believes that they are widely used measures of performance in the gaming industry.  A reconciliation of net loss based upon GAAP to Adjusted Earnings and Adjusted EPS are included in the financial schedules accompanying this release.

Limitations on the Use of Non-GAAP Measures

The use of EBITDA, Adjusted EBITDA, Adjusted Earnings and Adjusted EPS has certain limitations. Our presentation of EBITDA, Adjusted EBITDA, Adjusted Earnings and Adjusted EPS may be different from the presentation used by other companies and therefore comparability may be limited. Depreciation and amortization expense, interest expense, income taxes and other items have been and will be incurred and are not reflected in the presentation of EBITDA or Adjusted EBITDA. Each of these items should also be considered in the overall evaluation of our results. Additionally, EBITDA and Adjusted EBITDA do not consider capital expenditures and other investing activities and should not be considered as a measure of our liquidity. We compensate for these limitations by providing the relevant disclosure of our depreciation and amortization, interest and income taxes, capital expenditures and other items both in our reconciliations to the GAAP financial measures and in our consolidated financial statements, all of which should be considered when evaluating our performance.

EBITDA, Adjusted EBITDA, Adjusted Earnings and Adjusted EPS are used in addition to and in conjunction with results presented in accordance with GAAP. EBITDA, Adjusted EBITDA, Adjusted Earnings and Adjusted EPS should not be considered as an alternative to net income, operating income, or any other operating performance measure prescribed by GAAP, nor should these measures be relied upon to the exclusion of GAAP financial measures. EBITDA, Adjusted EBITDA, Adjusted Earnings and Adjusted EPS reflect additional ways of viewing our operations that we believe, when viewed with our GAAP results and the reconciliations to the corresponding GAAP financial measures, provide a more complete understanding of factors and trends affecting our business than could be obtained absent this disclosure. Management strongly encourages investors to review our financial information in its entirety and not to rely on a single financial measure.

Forward Looking Statements and Company Information

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements contain words such as "may," "will," "might," "expect," "believe," "anticipate," "could," "would," "estimate," "continue," "pursue," or the negative thereof or comparable terminology, and may include (without limitation) information regarding the Company's expectations, goals or intentions regarding the future, including, but not limited to, statements that Las Vegas continues to be an extremely popular destination, the viability of the Las Vegas market, and statements regarding current economic conditions, that customer spending will increase, industry growth and related opportunities, the Company's resources and strategy, and future outlook. Forward- looking statements involve certain risks and uncertainties, and actual results may differ materially from those discussed in any such statement. In particular, the Company can provide no assurances when or if the economy will improve, the timing for resuming construction on Echelon, if at all, the future plans for Echelon and the site for Echelon and whether the Company will be able to remain well positioned to manage through the current economic cycle. Further risks include the timing or effects of the Company's delay of construction at Echelon and when, or if, construction will be recommenced, or the effect that such delay will have on the Company's business, operations or financial condition. Additional factors that could cause actual results to differ materially are the following: competition, litigation, financial community and rating agency perceptions of the Company, changes in laws and regulations, including increased taxes, the availability and price of energy, weather, regulation, economic, credit and capital market conditions (and the ability of the Company's joint venture participants to secure favorable financing, if at all) and the effects of war, terrorist or similar activity. In addition, the Company's development projects are subject to the many risks inherent in the construction of a new enterprise, including poor performance or non-performance by any of the joint venture partners or other third parties on whom the Company is relying, unanticipated design, construction, regulatory, environmental and operating problems and lack of demand for the Company's projects, as well as unanticipated delays and cost increases, shortages of materials, shortages of skilled labor or work stoppages, unforeseen construction scheduling, engineering, environmental, permitting, construction or geological problems, weather interference, floods, fires or other casualty losses. In addition, the Company's anticipated costs and construction periods for projects are based upon budgets, conceptual design documents and construction schedule estimates prepared by the Company in consultation with its architects and contractors. Many of these costs are estimated at inception of the project and can change over time as the project is built to completion. The cost of any project may vary significantly from initial budget expectations, and the Company may have a limited amount of capital resources to fund cost overruns. If the Company cannot finance cost overruns on a timely basis, the completion of one or more projects may be delayed until adequate funding is available. The Company cannot assure that any project will be completed, if at all, on time or within established budgets, or that any project will result in increased earnings to the Company. Significant delays, cost overruns, or failures of the Company's projects to achieve market acceptance could have a material adverse effect on the Company's business, financial condition and results of operations. Furthermore, the Company's projects may not help it compete with new or increased competition in its markets. Additional factors that could cause actual results to differ are discussed under the heading "Risk Factors" and in other sections of the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2009, filed with the SEC, and in the Company's other current and periodic reports filed from time to time with the SEC. All forward-looking statements in this press release are made as of the date hereof, based on information available to the Company as of the date hereof, and the Company assumes no obligation to update any forward-looking statement.

About Boyd Gaming

Headquartered in Las Vegas, Boyd Gaming Corporation (NYSE:BYD) is a leading diversified owner and operator of 16 gaming entertainment properties located in Nevada, New Jersey, Mississippi, Illinois, Indiana, and Louisiana.  Boyd Gaming press releases are available at http://www.prnewswire.com.  Additional news and information on Boyd Gaming can be found at http://www.boydgaming.com .

Photo:  http://www.newscom.com/cgi-bin/prnh/20030219/BOYDLOGO
AP Archive:  http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com
Source: Boyd Gaming Corporation
   

CONTACT:  Financial, Josh Hirsberg, +1-702-792-7234,
joshhirsberg@boydgaming.com, or Media, Rob Meyne, +1-702-792-7353,
robmeyne@boydgaming.com,  both of Boyd Gaming Corporation

Web Site:  http://www.boydgaming.com/
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Stringent, Sweeping Rise in Compliance Regulations Drives Momentum at Perimeter E-Security

Poster: SySAdmin
Posted on March 2, 2010 at 7:28:01 AM
Stringent, Sweeping Rise in Compliance Regulations Drives Momentum at Perimeter E-Security

Financial Institutions Showing Strongest Need; Four New Community Banks Join More Than 2,000 Now Relying on Perimeter's Compliance, Security Suite Company Embraces New Branding, Web Site Approach to Reflect Move

MILFORD, Conn., March 2 -- Perimeter E-Security today revealed a substantial rise in demand from customers needing help complying with increasingly stringent and sweeping regulations, led by the financial services sector.  The momentum spans existing and new customers, the company said.  Separately, the company rolled out revamped branding to reflect the moves.

"There's never been a more difficult time to comply with financial, legal, privacy and other regulations, and the outlook is for more stringent demands and complexity," said Tim Harvey, CEO of Perimeter E-Security.  "Add to that the alarming spike in security threats, and investing in compliance and information security is easily rising to the top of corporate priorities.  For larger financial institutions, the costs of managing all of this in-house are daunting; for smaller players, the burden is crippling. And the finance sector is seeing the brunt of it."

With customers across industries, and leadership in the finance sector, Perimeter E-Security is the trusted market leader of compliance and regulatory security services that deliver enterprise-class protection to companies of all sizes.  Since 2008, Perimeter has added hundreds of new financial services customers and remains the market leader in serving more than 2000 financial institutions.

Large and community financial institutions embody new imperative

From major banks to community financial institutions, the imperatives are clear: solve the regulatory and security challenges in a way that manages costs, relieves internal resources, and improves success by reducing overall complexity.

Community financial institutions, which constitute 97 percent of all banks and credit unions, lack the internal resources that larger banks and credit unions have to secure their institution. Yadkin Valley Bank, Lakeland Bank, Mid Penn Bank and Money One FCU join the likes of Lisbon Community Federal Credit Union and NuUnion Credit Union in turning to Perimeter for their security, regulatory compliance and risk mitigation needs.

"As a small financial institution, key employees at Lisbon Community Federal Credit Union have to wear many hats," said George R. Roy, Lisbon Community Federal Credit Union.  "By relying on Perimeter, we're able to exceed regulatory compliance in various IT areas while continuing to do what we do best - that is, serve our Membership."

Outsourcing makes sense for NuUnion - in terms of costs and a level of protection the credit union can't put a price on.  "Perimeter E-Security's Security Operations Center provides 24x7 network monitoring and reporting for NuUnion.  I know we're protected no matter what time of day it is," MaryAnne MacIntosh, CISSP, IT Security Administrator, NuUnion Credit Union.

An investment in answers

"Perimeter has invested over $20 million over the past 10 years in the resources, expertise and best-in-class technologies to focus our customers on their most critical needs and highest return on investment, and we continue to invest in our expertise as a basic commitment to our clients," said Kurt Heinemann, chief marketing officer of Perimeter E-Security. "

Indeed, to make it easier for companies of all sizes to identify and evaluate their situation, Perimeter today launched a new Web site that allows companies to look for the information they need in three different formats.  They can look for specific services, services that are relevant to their industry and by compliance or regulatory need.

The Web site is complemented by a customer communications plan and the launch of the Perimeter Secured Program.

About Perimeter

Perimeter is the trusted market leader of information security services that delivers enterprise-class protection and compliance.  Through its cost-effective and scalable SaaS platform, Perimeter offers the most comprehensive compliance, security and messaging services that include: hosted email, encrypted email, firewall management and monitoring, vulnerability scanning, host intrusion and prevention, email antivirus and spam, remote data backup and email archiving.  For more information about Perimeter visit http://www.perimeterusa.com.

  For additional information contact:
  Maggie Duquin / Michele Clarke
  Brainerd Communicators
  212-986-6667
  duquin@braincomm.com / clarke@braincomm.com

Source: Perimeter E-Security
   

CONTACT:  Maggie Duquin, Brainerd Communicators, +1-212-986-6667,
duquin@braincomm.com; Michele Clarke, Brainerd Communicators, +1-212-986-6667,
clarke@braincomm.com

Web Site:  http://www.perimeterusa.com/
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Funtalk China Holdings Limited Reports Fiscal 2010 Third Quarter Financial Results

Poster: SySAdmin
Posted on March 2, 2010 at 7:28:01 AM
Funtalk China Holdings Limited Reports Fiscal 2010 Third Quarter Financial Results

- 3Q FY2010 Revenues Increased 4.3% to $160.9 Million Year-over-year -

- 3Q FY2010 Retail Revenue Increased 86.1% to $92.4 Million Year-over-year -

- 3Q FY2010 Consolidated Gross Margin Increased 310 Basis Points to 18.0%
                             Year-over-year -

  - 3Q FY2010 Net Income Decreased 3.3% to $9.4 Million Year-over-year -

BEIJING, March 2 -- Funtalk China Holdings Limited (the "Company") (NASDAQ:FTLK), a leading China-based retailer and distributor of wireless communications devices, accessories and content, today announced its unaudited financial results for the third fiscal quarter 2010 ended December 31, 2009 (3Q FY2010).

"We showed solid progress in our business in our third fiscal quarter 2010 and are pleased with our overall performance," commented Mr. Fei Dongping, Chief Executive Officer of the Company. "Our momentum was driven by our retail business, which generated strong organic growth and recurring revenue. The decline in revenue in our distribution business was fully expected as we distributed approximately 880,000 units of Samsung model B108, a low-end priced handset, in our third fiscal quarter 2009 due to weaker market conditions at the time, which did not recur in our third fiscal quarter 2010. We have a very strong opportunity to further expand our position as China's leading mobile phone retailer and are capitalizing on the opportunity to further consolidate our position in the fragmented mobile phone product and services market."

Third Quarter Financial Results

The Company reported consolidated revenue of $160.9 million for 3Q FY2010, representing a 4.3% increase from 3Q FY2009. The Company currently generates revenues from two business segments, retail and distribution of mobile phones and related accessories.

Retail revenue for 3Q FY2010 was $92.4 million, representing an 86.1% increase from 3Q FY2009. The strong growth year-over-year in the retail segment was primarily due to the inclusion of sales volume from seven retail companies covering 446 locations in 3Q FY2010, compared to sales volume of six retail companies covering 193 locations in 3Q FY2009. Organic growth (excluding the business acquisition in 3Q FY2010) of the Company's retail segment accounted for an increase of revenue of 64.6% to $81.8 million in 3Q FY2010 from $49.7 million in 3Q FY2009. The Company's acquisition of Shanghai Xieheng Telecommunications Equipment Co., Ltd. in 3Q FY2010 contributed approximately $10.6 million in revenue to the Company's retail segment.

Distribution revenue for 3Q FY2010 was $68.5 million, representing a 34.6% decrease from 3Q FY2009. The decreased distribution revenue year-over-year was primarily due to a 57.5% decrease in the total volume of mobile phones sold, offset by a 33.9% increase in average selling prices of mobile phones. The decrease in wireless devices sold through distribution was caused by a decreased market demand for lower priced handsets. The increase in average selling prices were primarily due to a higher mix of mid-end priced handsets sold and better availability for these devices compared to the same period in FY2009.

Gross profit for 3Q FY2010 increased 26.3% to $28.9 million, or 18.0% of total revenue, compared to $22.9 million, or 14.9% of total revenue, in 3Q FY2009. Gross margins for the distribution segment and retail segment were 18.6% and 17.5%, respectively, for 3Q FY2010, compared to 15.6% and 13.3%, respectively, for 3Q FY2009. The increase in gross margin was primarily due to the receipt of higher pre-tax vendors rebates in the retail segment during the quarter.

Selling and distribution expenses were $7.4 million for 3Q FY2010 compared to $0.5 million in 3Q FY2009. The significant increase was primarily due to the increase in rental expenses resulting from the retail acquisition in 3Q FY2010, the expansion of the Company's direct sales force for retail segment and greater amount of pre-tax vendors rebates offset against selling and distribution expenses in 3Q FY2009. General and administrative expenses were $5.2 million for 3Q FY2010, representing a 7.8% increase from $4.8 million in 3Q FY2009. The increase was primarily due to the increased headcount and an increase in bank service charges associated with the expansion of the Company's operations.

Income from operations decreased by 9.7% to $16.3 million in 3Q FY2010 from $18.0 million in 3Q FY2009. Operating income margin, calculated based on income from operations as a percentage of net revenues, decreased to 10.1% in 3Q FY2010 from 11.7% in 3Q FY2009.

Interest expense was $2.5 million for 3Q FY2010, representing a 100.0% increase from the corresponding period of FY2009. The increase was primarily due to the Company's higher average amount of notes payable and borrowings outstanding during the period. The Company had average outstanding borrowings of $122.2 million, bearing an average interest rate of 5.46%, in 3Q FY2010, as compared to average outstanding borrowings of $76.2 million, bearing an average interest rate of 7.15%, in 3Q FY2009.

Income tax expense was $4.6 million for 3Q FY2010, compared to $7.7 million for 3Q FY2009. The effective tax rate was 30.8% for 3Q FY2010 compared to 45.3% for 3Q FY2009.

Net income attributable to non-controlling interests of the Company's partially owned consolidated subsidiaries was $0.9 million for 3Q FY2010, representing a significant increase from the corresponding period of FY2009. The increase in non-controlling interest's share in net income in 3Q FY2010 was due to the fact that the retail companies with non-controlling interest holders incurred net losses in 3Q FY2009.

Net income attributable to the Company was $9.4 million, or 5.9% of total revenue for 3Q FY2010, representing a 3.3% decrease from $9.7 million, or 6.3% of total revenue for 3Q FY2009. 3Q 2010 diluted EPS was $0.19 based on a diluted share count of 50.3 million shares compared to 3Q FY2009 diluted EPS of $0.22 based on a diluted share count of 45.0 million shares.

As of December 31, 2009, the Company's cash balance (including pledged deposits) was $41.9 million. As of December 31, 2009, the Company's accounts receivable was $58.0 million, representing a decrease of 33.9% from the balance as of September 30, 2009. The accounts receivable turnover days for 3Q FY2010 were 42.7 days compared to 56.1 days in 3Q FY2009.

2010 Third Quarter Business Development Initiatives

On December 22, 2009, the Company completed a public offering of 3,100,000 ordinary shares and received proceeds before expenses of approximately $20.6 million. On December 17, 2009, the Company listed its ordinary shares on the Nasdaq Global Market under the symbol "FTLK."

On February 8, 2010, the Company announced that it recently signed a cooperation agreement with China United Network Communications Group Co., Ltd ("China Unicom"), one of three national wireless operators in China.

Under the terms of this agreement, the Company will help China Unicom to develop its 3G customer base and sell China Unicom's mobile products and services, including the Company's WCDMA and GSM phone products and services, to customers in select retail stores. The Company will allocate a certain percentage of retail space to China Unicom's mobile phone and netbook product offerings in 143 of the Company's retail store locations and utilize its sales staff to develop 3G subscribers on China Unicom's behalf. China Unicom will pay commissions to the Company based on the number of subscribers that convert to 3G services as well as from the average revenue generated from each user.

Outlook for Fourth Quarter of FY2010

The Company expects its revenue for 4Q FY2010 to be in the range of $200 million to $240 million and its net income attributable to the Company to exceed $10 million. The Company anticipates an even revenue split between its retail and distribution business segments in 4Q FY2010 and projects gross margin to be in the range of 12% to 13% and operating income margin to be in the range of 5% to 6%. Such projections are based on the Company's current views on its operating market conditions and are subject to change.

"We are encouraged with our growth prospects and look forward to strong performance in our fourth fiscal quarter 2010, a stronger seasonal sales trend and the availability of new mid- to high-end priced handsets. With the adoption of the 3G standard in China and increased competition among the major national wireless carriers, we expect our nationwide cooperation agreement with China Unicom to be mutually beneficial and start to generate revenue for the Company in the fiscal year 2011, which starts in April 2010. We will continue to explore opportunities to further expand our presence in the China market and remain focused on providing our growing base of customers with a wide range of mobile phone brands, products, services and content. We look forward to updating you on our developments as we move forward," concluded Mr. Fei.

Interim Financial Information

The unaudited condensed consolidated statements of income and balance sheets accompanying this press release have been prepared by management using U.S. GAAP. This interim financial information is not intended to fully comply with U.S. GAAP because they do not present all of the disclosures required by U.S. GAAP. The March 31, 2009 balance sheet was derived from audited consolidated financial statements of Pypo Digital Company Limited.

Conference Call

Management will host a conference call at 9:00 am ET on Tuesday, March 2nd. Listeners may access the call by dialing #1-201-689-8470. To listen to the live webcast of the event, please go to http://www.viavid.net/ . Listeners may access the call replay, which will be available through March 16th, by dialing #1-201-612-7415. The account number is 3055 and the conference ID number is 345752.

About Funtalk China Holdings Limited

The Company is a retailer and distributor of wireless communications devices, accessories and content in 30 provinces in China. The Company has branch offices and regional distribution centers, operates a chain of mobile phone retail stores, and has an internet retailing platform.

Safe Harbor and Informational Statement

This press release includes forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. The words "anticipate," "believe," "estimate," "expect," "intend," "may," "plan," "predict," "project," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. The Company may not actually achieve the plans, intentions or expectations disclosed in the forward-looking statements, and investors should not place undue reliance on the forward-looking statements. Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward-looking statements made by the parties as a result of a number of factors, some of which may be beyond the Company's control. These factors include the risk factors detailed in the Company's filings with the Securities and Exchange Commission. Further, the forward-looking statements do not reflect the potential impact of any future acquisitions, mergers, dispositions, joint ventures, collaborations, dividends or investments made by the Company or other parties. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

              (Financial Statements on Following Pages)

                     FUNTALK CHINA HOLDINGS LIMITED
       UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME
                (IN THOUSANDS EXCEPT PER SHARE AMOUNTS)

                                 Three Months Ended     Nine Months Ended
                                 Dec. 31,   Dec. 31,   Dec. 31,   Dec. 31,
                                   2009       2008       2009       2008

  Net revenues                   $160,873   $154,243   $566,324   $373,868
  Cost of revenues               -131,951   -131,335   -485,025   -319,840

  Gross profit                     28,922     22,908     81,299     54,028

  Operating expenses:
    Other operating income             --        457      1,153        480
    Selling and distribution
     expenses                      -7,420       -495    -28,537    -13,912
    General and
     administrative expenses       -5,215     -4,837    -14,061    -10,529
    Impairment loss on goodwill        --         --         --        -71

  Total operating expenses        -12,635     -4,875    -41,445    -24,032

  Income from operations           16,287     18,033     39,854     29,996

  Others, net                         745         52     -1,259        141
  Interest income                     486        268        618        516
  Interest expense                 -2,528     -1,264     -6,647     -3,991

  Income before income tax,
   equity in (loss) income of
   affiliated companies and
   non-controlling interests       14,990     17,089     32,566     26,662
  Income tax expense               -4,614     -7,734    -10,358     -9,158
  Equity in (loss) income of
   affiliated companies               -11         38        -11        121

  Net income                       10,365      9,393     22,197     17,625
  Net (income) loss
   attributable to
   non-controlling interests         -946        352     -4,102        -64

  Net income attributable to
   the Company                     $9,419     $9,745    $18,095    $17,561

  Basic net income per share       $0.201     $0.217    $ 0.386    $ 0.390

  Diluted net income per
   share                           $0.187     $0.217    $ 0.370    $ 0.390

  Number of shares used in
   computing basic net income  46,959,171 45,000,000 46,859,232 45,000,000

  Number of shares used in
   computing diluted net
   income                      50,383,535 45,000,000 48,850,469 45,000,000

                        FUNTALK CHINA HOLDINGS LIMITED
              UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
                                (IN THOUSANDS)

                                                  As of Dec.     As of Mar.
                                                   31, 2009       31, 2009
  ASSETS
  Current assets:
  Cash and cash equivalents                         $31,057        $33,468
  Restricted bank deposits                           10,859         11,504
  Accounts receivable (less allowance for
   doubtful accounts of $632 for December
   31, 2009 and $735 for March 31, 2009              57,963         72,802
  Inventories                                        96,177         54,701
  Notes receivable                                    1,637          2,982
  Value added tax receivable                          5,178          2,857
  Amounts due from related parties                      366         42,308
  Amount due from an affiliated company                  --         27,946
  Receivable from a vendor                           16,629         21,355
  Other receivable                                   41,302         44,180
  Prepayment and other assets                        22,871          8,314
  Deferred tax assets                                2, 517          4,866

  Total current assets                              286,556        327,283

  Non-current assets:
  Investments in affiliated companies                   347          1,479
  Property and equipment, net                        18,470         15,694
  Intangible assets                                  21,077         19,188
  Goodwill                                           70,029          1,977
  Other assets                                        1,897            320

  Total non-current assets                          111,820         38,658

  TOTAL ASSETS                                     $398,376       $365,941

                           FUNTALK CHINA HOLDINGS LIMITED
                UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
                                 (IN THOUSANDS)

                                              As of Dec. 31,   As of Mar. 31,
                                                    2009             2009
  LIABILITIES AND SHAREHOLDERS' EQUITY

  Current liabilities:
  Accounts payable                                 $81,053         $28,290
  Notes payable                                     23,976          23,513
  Provision for rebates and price
   protections                                       6,621           9,048
  Advance payments from customers                    3,090           4,827
  Other payables and accruals                       17,440          20,611
  Income taxes payable                               5,981           8,086
  Amounts due to related parties                        --          20,300
  Amounts due to an affiliated company                 827             790
  Short term borrowings                             88,887          79,457

  Total current liabilities                        227,875         194,922

  Non current liabilities
  Deferred tax liabilities                           4,116           2,005

  Total liabilities                                231,991         196,927

  Total shareholders' equity                       156,695         154,561

  Non-controlling interests                          9,690          14,453

  TOTAL LIABILITIES AND SHAREHOLDERS'
   EQUITY                                         $398,376        $365,941

  For more information, please contact:

   Francis Kwok Cheong Wan
   Senior Vice President
   Phone: +86-10-5852-8027
   Email: franciswan@funtalk.cn

   Bill Zima
   ICR Inc. (US)
   Phone: +1-203-682-8200
   Email: bill.zima@icrinc.com

Source: Funtalk China Holdings Limited
   

CONTACT: Francis Kwok Cheong Wan, Senior Vice President of Funtalk China
Holdings Limited, +86-10-5852-8027, franciswan@funtalk.cn; or Bill Zima of ICR
Inc., +1-203-682-8200, bill.zima@icrinc.com, for Funtalk China Holdings
Limited

Web site: http://www.viavid.net/
Tags PR Press Release
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Latest News
  • Kingston HyperX Cloud 2 Pro Gaming Headset Unboxing
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Latest Articles
  • D-Link Exo AC2600 Smart Mesh Wi-Fi Router DIR-2660-US
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  • ScharkSpark Beginner Drones
  • HyperX Alloy FPS RGB Mechanical Gaming Keyboard
  • D-Link DCS-8300LH Full HD 2-Way Audio Camera
  • Contour Unimouse Wireless Ergonomic Mouse
  • HyperX Cloud Alpha Pro Gaming Headset
  • Linksys Wemo Smart Home Suite
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Latest Topics
  • Hello
  • Welcome to the new server at ASE Labs
  • Evercool Royal NP-901 Notebook Cooler at ASE Labs
  • HyperX Double Shot PBT Keys at ASE Labs
  • Avantree ANC032 Wireless Active Noise Cancelling Headphones at ASE Labs
  • ScharkSpark Beginner Drones at ASE Labs
  • HyperX Alloy FPS RGB Mechanical Gaming Keyboard at ASE Labs
  • D-Link DCS-8300LH Full HD 2-Way Audio Camera at ASE Labs
  • Kingston SDX10V/128GB SDXC Memory at ASE Labs
  • What are you listening to now?
  • Antec Six Hundred v2 Gaming Case at HardwareLogic
  • Sans Digital TR5UTP 5-Bay RAID Tower at HardwareLogic
  • Crucial Ballistix Smart Tracer 6GB PC3-12800 BL3KIT25664ST1608OB at HardwareLogic
  • Cooler Master Storm Enforcer Mid-Tower Gaming Case at HardwareLogic
  • Arctic M571-L Gaming Laser Mouse at ASE Labs
  • Contour Unimouse Wireless Ergonomic Mouse at ASE Labs
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Press Release
  • Huntkey Has Launched Its New Power Strips with USB Chargers on Amazon US
  • Inspur Releases TensorFlow-Supported FPGA Compute Acceleration Engine TF2
  • Hot Pepper Introduces Spicy New Smartphones in US Markets
  • Sharp Introduces New Desktop Printers For The Advanced Office
  • DJI Introduces Mavic 2 Pro And Mavic 2 Zoom: A New Era For Camera Drones
  • DJI Introduces Mavic 2 Pro And Mavic 2 Zoom: A New Era For Camera Drones
  • Fujifilm launches "instax SQUARE SQ6 Taylor Swift Edition", designed by instax global partner Taylor Swift
  • Huawei nova 3 With Best-in-class AI Capabilities Goes on Sale Today
  • Rand McNally Introduces Its Most Advanced Dashboard Camera
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