Companies news of 2011-08-15 (page 1)

  • WidePoint Corporation Reports Second Quarter 2011 ResultsSecond Quarter Profitability...
  • KEMET Announces Non-Magnetic Capability for Tantalum Surface Mount Capacitors
  • Document Security Systems, Inc. Reports Second Quarter 2011 Financial Results
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    WidePoint Corporation Reports Second Quarter 2011 ResultsSecond Quarter Profitability Driven by Improved Margins

    WASHINGTON, Aug. 15, 2011 /PRNewswire/ -- WidePoint Corporation , a specialist in wireless mobility management and cybersecurity solutions, today announced financial results for the three months ending June 30, 2011.

    Second Quarter 2011 Highlights

    --  Net revenue for the quarter ended June 30, 2011 decreased approximately
    20% to $10.0 million from $12.5 million in last year's comparable period
    as Consulting Segment revenues were negatively impacted by federal
    government budget delays and debt ceiling debates.  Overall Outlook for
    the second half of 2011 improves with budget delays and debt ceiling
    debate issues resolved for FYE 2011.
    --  Wireless Mobility Management revenue increased 9.8% to $6.2 million for
    the second quarter of 2011 from $5.6 million in the first quarter of
    2011, but decreased 10.6% year-over-year compared to $6.9 million in the
    second quarter of last year as a result of lower resale's of billable
    calling minutes that were not fully offset by increases in higher margin
    wireless management recurring service fees.  Outlook for second half of
    2011 improves with growing pipeline of opportunities, recent awards, and
    renewals.
    --  Cybersecurity segment revenue increased 82.7% to $2.3 million in the
    second quarter of 2011 from $1.3 million in the first quarter of this
    year, but decreased 7.7% year-over-year compared to $2.5 million in the
    second quarter of last year, also as a result of delays that occurred
    due to federal government budget funding concerns, policy issues, and
    debt ceiling debates.  Outlook for second half of 2011 improves as the
    federal government implements new security guidelines and phase out the
    use of user names and passwords from certain federal government systems.
    --  Gross margin increased by 55% to 27.1% in the second quarter of this
    year as compared to 17.5% in the first quarter of 2011, and increased by
    15% year-over-year compared to 23.5% in the second quarter of last year,
    due to more favorable revenue mix of higher margin services.
    --  The Company returned to profitability, with income from operations of
    approximately $384,000 for the second quarter of 2011 as compared to
    income from operations of approximately $511,000 in last year's
    comparable period.
    --  Net income was approximately $214,000 for the second quarter of 2011 as
    compared to net income of approximately $413,000 in last year's
    comparable period.
    

    Steve Komar, CEO, WidePoint, commented, "WidePoint was able to return to profitability in the second quarter, despite the short-term hurdles that impacted our business during much of the first half of the year. The timing of product delivery and product mix, primarily due to the delay in passing an approved 2011 federal budget and the ensuing debt ceiling debates, again had an impact on revenues in the second quarter, much as it did in the first quarter. However, as expected, we experienced an increase in both Wireless Mobility Management and Cybersecurity segment revenues over the first quarter of 2011, though these increases were offset by decreases in our Consulting segment related to the confusion that accompanied federal government funding for the past several months. We remain committed to re-establishing our growth and earnings trajectory in the second half of 2011, notwithstanding some of the short-term risk issues tied to federal governmental budgeting impasses and spending cuts."

    Mr. Komar continued, "We have established ourselves as a credible and trustworthy partner to expanded government and commercial markets, and the position we have built in the government sector is driving demand as federal agencies increasingly require vendors and contractors to comply with enhanced security as well as uniform credentialing initiatives. This is driving additional business to WidePoint's subsidiaries with a large part of this new business generated from non-government funded revenue. We believe that our Cybersecurity initiatives will be our primary driver for growth as governmental agencies work to prevent terrorism and promote national security; prevent cybercrime and identity theft; defend federal infrastructure from invasive attack and information theft; and promote efficient use of cost-effective technology such as our products and solutions."

    WidePoint CFO Jim McCubbin commented, "This quarter we benefitted from a greater percentage of higher margin business from our Cybersecurity segment that had a corresponding positive impact on gross profit and gross margins. Despite the challenges which have impacted our revenues in the first half of 2011, we returned our business to profitability in the quarter. We expect the second half of 2011 to show overall financial improvements compared to the first half, as the budget and debt discussions related to fiscal year 2011 begin to be finalized, and we remain extremely optimistic about our opportunities in 2012 and beyond."

    Conference Call Information

    A conference call and live webcast will take place at 4:30 p.m. Eastern Time, on Monday, August 15, 2011. Anyone interested in participating should call 1-888-846-5003 if calling within the United States or 1-480-629-9856 if calling internationally. There will be a playback available until August 22, 2011. To listen to the playback, please call 1-877-870-5176 if calling within the United States or 1-858-384-5517 if calling internationally. Please use pin number 4463135 for the replay. The call will also be accompanied live by webcast over the Internet and accessible at http://viavid.net/dce.aspx?sid=00008AF0.

    About WidePoint

    WidePoint is a specialist in providing Wireless Mobility Management and Cybersecurity Solutions utilizing its advanced information technology products and services. WidePoint has several wholly owned subsidiaries holding major government and commercial contracts including Operational Research Consultants, Inc., iSYS, LLC, Advanced Response Concepts Corporation, and WidePoint IL, Inc. WidePoint enables organizations to deploy fully compliant IT services in accordance with government-mandated regulations and advanced system requirements. For more information, visit http://www.widepoint.com.

    Safe-Harbor Statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company's financing plans; (ii) trends affecting the company's financial condition or results of operations; (iii) the company's growth strategy and operating strategy; (iv) the declaration and payment of dividends; and (v) the risk factors disclosed in the Company's periodic reports filed with the SEC. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," "outlook" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the risk factors disclosed in the Company's Forms 10-K and 10-Q filed with the SEC.

    For More Information: Jim McCubbin, EVP & CFO Brett Maas or Dave Fore WidePoint Corporation Hayden IR 7926 Jones Branch Drive, Suite 520 (646) 536-7331 McLean, VA 22102 brett@haydenir.com (703) 349-2577 jmccubbin@widepoint.com

    -tables follow-

    WIDEPOINT CORPORATION AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS

    December Assets June 30, 31, Current assets: -------- --------- 2011 2010 ---- ---- (unaudited) Cash and cash equivalents $5,394,273 $5,816,303 Accounts receivable 4,733,151 7,794,913 Unbilled accounts receivable 1,319,227 3,059,665 Prepaid expenses and other assets 464,577 473,320 Current deferred income tax asset 492,385 412,801 ------- ------- Total current assets 12,403,613 17,557,002 Property and equipment, net 1,303,325 1,241,510 Goodwill 11,329,917 11,329,917 Other Intangibles, net 1,086,084 1,104,551 Noncurrent deferred income tax asset 3,116,705 3,116,705 Other assets 55,598 46,455 ------ ------ Total assets $29,295,242 $34,396,140 =========== =========== Liabilities and stockholders' equity Current liabilities: Short term note payable $59,344 $94,809 Accounts payable 4,303,476 7,725,727 Accrued expenses 1,491,634 2,643,613 Income taxes payable - 143,450 Deferred revenue 107,008 294,541 Current portion of long-term debt 350,603 572,943 Current portion of deferred rent 30,406 20,835 Current portion of capital lease obligation 38,590 44,724 ------ ------ Total current liabilities 6,381,061 11,540,642 Long-term debt, net of current portion 506,532 564,490 Fair value of earnout liability 153,000 153,000 Deferred rent, net of current portion 84,205 98,702 Capital lease obligation, 5,838 22,908 ----- ------ net of current portion Total liabilities $7,130,636 $12,379,742 ---------- ----------- Stockholders' equity: Common stock, $0.001 par value; 110,000,000 shares authorized; 62,930,873 and 62,690,873 shares issued and outstanding, respectively 62,931 62,691 Additional paid-in capital 69,005,250 68,754,353 Accumulated deficit (46,903,575) (46,800,646) ----------- ----------- Total stockholders' equity 22,164,606 22,016,398 ---------- ---------- Total liabilities and stockholders' equity $29,295,242 $34,396,140 =========== ===========

    WIDEPOINT CORPORATION AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

    Three Months Ended June 30, 2011 2010 ---- ---- (unaudited) Revenues, net $9,965,878 $12,452,120 Cost of sales (including amortization and depreciation of $171,161, $243,277, $354,801, and $469,562, respectively) 7,261,227 9,521,361 --------- --------- Gross profit 2,704,651 2,930,759 Sales and marketing 385,100 487,996 General and administrative (including shared-based compensation (benefit)/expense of $(10,039), $27,565, $(3,635), and $56,745 respectively) 1,877,145 1,882,721 Depreciation expense 58,777 48,743 ------ ------ Income/(loss) from operations 383,629 511,299 Interest income 2,481 2,231 Interest expense (19,304) (22,793) Other expense - - --- --- Net income/(loss) before income tax expense $366,806 $490,737 Income tax expense/(benefit) 152,375 78,055 ------- ------ Net income/(loss) $214,431 $412,682 ======== ======== Basic earnings per share $0.00 $0.01 ===== ===== Basic weighted average shares outstanding 62,916,422 61,375,333 ========== ========== Diluted earnings per share $0.00 $0.01 ===== ===== Diluted weighted average shares outstanding 64,142,707 63,299,155

    Six Months Ended June 30, 2011 2010 ---- ---- (unaudited) Revenues, net $20,495,003 $23,615,176 Cost of sales (including amortization and depreciation of $171,161, $243,277, $354,801, and $469,562, respectively) 15,950,697 18,160,582 ---------- ---------- Gross profit 4,544,306 5,454,594 Sales and marketing 815,283 831,003 General and administrative (including shared-based compensation (benefit)/expense of $(10,039), $27,565, $(3,635), and $56,745 respectively) 3,743,951 3,714,532 Depreciation expense 106,371 98,477 ------- ------ Income/(loss) from operations (121,299) 810,582 Interest income 6,673 8,845 Interest expense (39,859) (50,170) Other expense 1,143 - ----- --- Net income/(loss) before income tax expense $(153,342) $769,257 Income tax expense/(benefit) (50,413) 117,257 ------- ------- Net income/(loss) $(102,929) $651,980 ========= ======== Basic earnings per share $(0.00) $0.01 ====== ===== Basic weighted average shares outstanding 62,857,309 61,375,333 ========== ========== Diluted earnings per share $(0.00) $0.01 ====== ===== Diluted weighted average shares outstanding 62,857,309 63,163,824

    WidePoint Corporation

    Web site: http://www.widepoint.com/




    KEMET Announces Non-Magnetic Capability for Tantalum Surface Mount Capacitors

    GREENVILLE, S.C., Aug. 15, 2011 /PRNewswire/ -- KEMET Corporation , a leading manufacturer of tantalum, ceramic, aluminum, film, paper and electrolytic capacitors, today announced the release of a non-magnetic capability for tantalum surface mount capacitors. This option is ideal for applications with known sensitivity to the effects of magnetism in the industrial, medical, military and aerospace markets.

    "KEMET's non-magnetic capability was developed in response to a growing demand for products that exhibit extremely low magnetic permeability," said Stanley Garrett, KEMET Technical Product Manager. "With this option, KEMET is able to achieve mu values, a measure of permeability, as low as 1.00001 mu on many MnO2 or Polymer tantalum surface mount capacitor series."

    Applications such as sonobuoys, digital compasses, gyroscopes and medical imaging equipment can all benefit from the new non-magnetic option. The non-magnetic capability can be specified by adding the appropriate lead material code to existing KEMET part numbers. Please refer to the ordering information for this code in the desired tantalum surface mount series.

    This solution will be complemented by a new ceramic series of surface mount non-magnetic products to be released later this year.

    About KEMET

    KEMET's common stock is listed on the NYSE under the symbol "KEM." At the Investor Relations section of our web site at http://www.KEMET.com/IR, users may subscribe to KEMET news releases and find additional information about our Company. KEMET applies world class service and quality to deliver industry leading, high performance capacitance solutions to its customers around the world and offers the world's most complete line of surface mount and through-hole capacitor technologies across tantalum, ceramic, film, aluminum, electrolytic, and paper dielectrics. Additional information about KEMET can be found at http://www.kemet.com.

    Cautionary Statement on Forward-Looking Statements

    Certain statements included herein contain forward-looking statements within the meaning of federal securities laws about KEMET Corporation's (the "Company") financial condition and results of operations that are based on management's current expectations, estimates and projections about the markets in which the Company operates, as well as management's beliefs and assumptions. Words such as "expects," "anticipates," "believes," "estimates," variations of such words and other similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions, which are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in, or implied by, such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's judgment only as of the date hereof. The Company undertakes no obligation to update publicly any of these forward-looking statements to reflect new information, future events or otherwise.

    Factors that may cause actual outcome and results to differ materially from those expressed in, or implied by, these forward-looking statements include, but are not necessarily limited to, generally adverse economic and industry conditions, including a decline in demand for the Company's products. Other risks and uncertainties may be described from time to time in the Company's reports and filings with the Securities and Exchange Commission.

    Contact: Dean W. Dimke Director of Corporate and Investor Communications deandimke@KEMET.com 954.766.2806

    KEMET Corporation

    Web site: http://www.kemet.com/




    Document Security Systems, Inc. Reports Second Quarter 2011 Financial Results

    ROCHESTER, N.Y., Aug. 15, 2011 /PRNewswire/ -- Document Security Systems, Inc. , a world-wide developer and manufacturer of security and authentication solutions which prevent counterfeiting and brand fraud, reported results for the second quarter ended June 30, 2011. Management will host a teleconference and web cast today at 4:15 pm ET to discuss the results with the investment community:

    Time: 4:15 p.m. Eastern Time

    Date: Monday, August 15th, 2011

    Investor Dial-in (Toll Free): 877-407-9210

    Investor Dial-In (International): 201-689-8049

    Live Web Cast URL: http://www.investorcalendar.com/IC/CEPage.asp?ID=165625

    A replay of the teleconference will be available until August 29, 2011, which can be accessed by dialing (877) 660-6853 if calling within the U.S. or (201) 612-7415 if calling internationally. Please enter account #286 and conference ID #377482 to access the replay. The webcast will be available for replay within the Investor Relations "Events & Presentations" section of the DSS home page located at www.DSSsecure.com.

    Second Quarter 2011 Highlights

    --  Sales of $2.9 million up 7% from first quarter of 2011, down 14% from
    the second quarter 2010.
    --  Gross margin percentage of 28% from 26% in the second quarter of 2010.
    --  Operating expenses increased 13% from the first quarter of 2011, up 8%
    from the second quarter 2010. The bulk of this increase was due to an
    increase in sales and marketing related expenses, the acquisition of a
    cloud computing company called Extradev, Inc. and a major re-branding
    project the company recently completed.
    --  Net loss of $1,112,000, an increase of 12% from the second quarter of
    2010.
    --  Net loss per share of $(0.06), flat with the net loss per share in the
    second quarter of 2010.
    

    First Half 2011 Highlights

    --  Sales of $5.6 million down 9% from the first half of 2010.
    --  Gross profit up 1% from the first half of 2010.
    --  Gross margin percentage of 31% from 28% in the first half of 2010.
    --  Operating expenses decreased 5% from the first half of 2010.
    --  Net loss of $1,510,000, a decrease of 29% from the first half of 2010
    loss.
    --  Net loss per share of $(0.08) compared to $(0.12) in the first half of
    2010.
    

    Patrick White, DSS's CEO, stated: "Unfortunately, the positive 2nd quarter results from four of our five operating divisions were overshadowed by the continuing struggles in our non-core commercial printing unit, and expense increases from a front loading of sales and marketing costs and costs associated with our successful re-branding project we completed during the quarter. We are excited about the solid financial performances of our core business divisions (security licensing and printing, plastics, packaging and digital) achieved during the quarter.

    "It is important to note that Management is weighing certain options for the non-core commercial printing component of our business.

    "Furthermore, during the second quarter we formed our new Digital Division based on our acquisition of Extradev, Inc. which joined DSS in the second quarter. This new group adds an exciting new business line to our Company as it provides a delivery system for our various digital security products. Our targeted sales and marketing efforts, including the launch during the second quarter of our new marketing identity, logo and website, has allowed DSS to make inroads with potentially significant customers, as well as increased our recognition in the industry. The opportunities that exist for our security products continue to be immense, and we are confident that we are very well positioned to capitalize on the opportunities."

    About DSS (Document Security Systems, Inc.)

    DSS is comprised of four core operating groups, DSS Plastics Group, DSS Secure Printing Group, DSS Packaging Group and DSS Digital Group. Through these divisions, DSS provides counterfeit prevention and comprehensive brand and digital information protection solutions to corporations, governments, and financial institutions around the world. DSS develops and manufactures products and services containing patented and patent pending optical deterrent technologies that help prevent counterfeiting and brand fraud from the use of the most advanced scanners and copiers in the market.

    The Company owns numerous patented and patent-pending technologies and products. DSS uses its covert and overt technologies to protect a wide range of documents including, but not limited to, consumer packaging, vital records, ID Cards/RFID, smart cards, passports, gift certificates, checks and coupons. The Company also protects digital information via secure cloud computing and disaster recovery services. Furthermore, DSS uses its extensive knowledgebase to provide comprehensive brand protection solutions to its customers. From risk analysis and vulnerability assessment, to systems integration and monitoring, DSS offers the advanced tools and knowledgebase needed to protect the world's most valuable and at-risk brands. DSS's customized solutions are designed to protect against product diversion, counterfeit, and other costly and damaging occurrences. In addition, DSS offers commercial printing services.

    For more information on DSS and its subsidiaries, please visit www.DSSsecure.com.

    Follow DSS on Facebook, click HERE.

    For more information:

    BPC Financial MarketingJohn Baldissera800-368-1217Email: ir@documentsecurity.com

    Safe Harbor Statement

    The statements contained in this press release that are not purely historical are 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, and are intended to be covered by the safe harbors created thereby. These forward-looking statements include, but are not limited to, statements regarding expectations for future financial performance, potential sales from new and existing customers, expected benefits from the Company's cost cutting efforts and/or statements preceded by, followed by or that include the words "believes," "could," "expects," "anticipates," "estimates," "intends," "plans," "projects," "seeks," or similar expressions, all of which involve uncertainty and risk. Many of these risks and uncertainties are discussed in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2010 filed with the Securities and Exchange Commission (the "SEC"), and in any subsequent reports filed with the SEC, all of which are available at the SEC's website at www.sec.gov. It is possible the company's future financial performance may differ from expectations due to a variety of factors including, but not limited to, the risks referred to above, and changes in economic and business conditions in the world, increased competitive activity, achieving sales levels to fulfill revenue expectations, consolidation among its competitors and customers, technology advancements, unexpected costs and charges, adequate funding for plans, changes in interest and foreign exchange rates, regulatory and other approvals and failure to implement all plans, for whatever reason. It is not possible to foresee or identify all such factors. Any forward-looking statements in this report are based on current conditions; expected future developments and other factors it believes are appropriate in the circumstances. Prospective investors are cautioned that such statements are not a guarantee of future performance and actual results or developments may differ materially from those projected. The company makes no commitment to update any forward-looking statement included herein, or disclose any facts, events or circumstances that may affect the accuracy of any forward-looking statement.

    TABLES FOLLOW.

    DOCUMENT SECURITY SYSTEMS, INC. AND SUBSIDIARIES Consolidated Statements of Operations (Unaudited)

    Three Months Three Months Ended June Ended June Revenue 30, 2011 30, 2010 % change ------------ ------------ -------- Printing $789,000 $1,172,000 -33% Packaging 1,183,000 1,330,000 -11% Plastic IDs and cards 637,000 656,000 -3% Licensing and digital solutions 266,000 168,000 58% Total Revenue 2,875,000 3,326,000 -14% Costs of revenue Printing $754,000 $1,004,000 -25% Packaging 920,000 1,058,000 -13% Plastic IDs and cards 375,000 386,000 -3% Licensing and digital solutions 19,000 - 100% Total cost of revenue 2,068,000 2,448,000 -16% Gross profit Printing 35,000 168,000 -79% Packaging 263,000 272,000 -3% Plastic IDs and cards 262,000 270,000 -3% Licensing and digital solutions 247,000 168,000 47% Total gross profit 807,000 878,000 -8% Operating Expenses Sales, general and administrative compensation 843,000 859,000 -2% Professional Fees 163,000 133,000 23% Sales and marketing 162,000 57,000 184% Research and development 74,000 67,000 10% Rent and utilities 188,000 166,000 13% Other 231,000 163,000 42% ------- ------- --- 1,661,000 1,445,000 15% Other Operating Expenses Depreciation and software amortization 31,000 31,000 0% Stock based compensation 101,000 65,000 55% Amortization of intangibles 62,000 184,000 -66% ------ ------- --- 194,000 280,000 -31% Total Operating Expenses 1,855,000 1,725,000 8% Operating loss (1,048,000) (847,000) 24% Other income (expense): Change in fair value of derivative liability - - 0% Interest expense (59,000) (84,000) -30% Amortizaton of note discount - (41,000) -100% Loss in equity investment - (20,000) -100% Other income - - 0% --- --- --- Other income (expense), net (59,000) (145,000) -59% Loss before income taxes (1,107,000) (992,000) 12% Income taxes 5,000 5,000 0% Net loss $(1,112,000) $(997,000) 12% =========== ========= === Net loss per share, basic and diluted $(0.06) $(0.06) 0% Weighted average common shares outstanding, basic and diluted 19,420,780 17,769,726 9%

    Six Months Six Months Ended June 30, Ended June Revenue 2011 30, 2010 % change --------------- ---------- -------- Printing $1,511,000 $2,432,000 -38% Packaging 2,220,000 2,071,000 7% Plastic IDs and cards 1,330,000 1,258,000 6% Licensing and digital solutions 500,000 340,000 47% Total Revenue 5,561,000 6,101,000 -9% Costs of revenue Printing $1,384,000 $1,956,000 -29% Packaging 1,638,000 1,617,000 1% Plastic IDs and cards 777,000 798,000 -3% Licensing and digital solutions 19,000 5,000 280% Total cost of revenue 3,818,000 4,376,000 -13% Gross profit Printing 127,000 476,000 -73% Packaging 582,000 454,000 28% Plastic IDs and cards 553,000 460,000 20% Licensing and digital solutions 481,000 335,000 44% Total gross profit 1,743,000 1,725,000 1% Operating Expenses Sales, general and administrative compensation 1,604,000 1,691,000 -5% Professional Fees 364,000 345,000 6% Sales and marketing 286,000 126,000 127% Research and development 125,000 133,000 -6% Rent and utilities 354,000 308,000 15% Other 364,000 372,000 -2% ------- ------- --- 3,097,000 2,975,000 4% Other Operating Expenses Depreciation and software amortization 63,000 62,000 2% Stock based compensation 202,000 205,000 -1% Amortization of intangibles 134,000 430,000 -69% ------- ------- --- 399,000 697,000 -43% Total Operating Expenses 3,496,000 3,672,000 -5% Operating loss (1,753,000) (1,947,000) -10% Other income (expense): Change in fair value of derivative liability 361,000 - 100% Interest expense (109,000) (150,000) -27% Amortizaton of note discount - (82,000) -100% Loss in equity investment - (72,000) -100% Other income - 143,000 -100% --- ------- ---- Other income (expense), net 252,000 (161,000) -257% Loss before income taxes (1,501,000) (2,108,000) -29% Income taxes 9,000 9,000 0% Net loss $(1,510,000) $(2,117,000) -29% =========== =========== === Net loss per share, basic and diluted $(0.08) $(0.12) -33% Weighted average common shares outstanding, basic and diluted 19,416,786 17,390,570 12%

    Three Months Ended March Revenue 31, 2011 % change ------------ -------- Printing $722,000 9% Packaging 1,036,000 14% Plastic IDs and cards 693,000 -8% Licensing and digital solutions 234,000 14% Total Revenue 2,685,000 7% Costs of revenue Printing $631,000 19% Packaging 718,000 28% Plastic IDs and cards 402,000 -7% Licensing and digital solutions - 100% Total cost of revenue 1,751,000 Gross profit Printing 91,000 -62% Packaging 318,000 -17% Plastic IDs and cards 291,000 -10% Licensing and digital solutions 234,000 6% Total gross profit 934,000 -14% Operating Expenses Sales, general and administrative compensation 759,000 11% Professional Fees 200,000 -19% Sales and marketing 124,000 31% Research and development 51,000 45% Rent and utilities 166,000 13% Other 133,000 74% ------- 1,433,000 16% Other Operating Expenses Depreciation and software amortization 32,000 -3% Stock based compensation 101,000 0% Amortization of intangibles 72,000 -14% ------ 205,000 -5% Total Operating Expenses 1,638,000 13% Operating loss (704,000) 49% Other income (expense): Change in fair value of derivative liability 361,000 -100% Interest expense (50,000) 18% Amortizaton of note discount - 0% Loss in equity investment - 0% Other income - 0% --- --- Other income (expense), net 311,000 Loss before income taxes (392,000) Income taxes 5,000 Net loss $(398,000) 179% ========= === Net loss per share, basic and diluted $(0.02) 200% Weighted average common shares outstanding, basic and diluted 19,413,232 0%

    DOCUMENT SECURITY SYSTEMS, INC. AND SUBSIDIARIES Consolidated Balance Sheets As of

    December 31, June 30, 2011 2010 ASSETS (Unaudited) Current assets: Cash $1,512,161 $4,086,574 Accounts receivable, net of allowance of $66,000 ($66,000- 2010) 1,523,261 2,227,877 Inventory 916,690 601,359 Prepaid expenses and other current assets 140,784 231,190 ------- Total current assets 4,092,896 7,147,000 Equipment and leasehold improvements, net 2,415,495 2,543,494 Other assets 315,299 325,953 Goodwill 2,012,628 1,943,081 Other intangible assets, net 2,146,074 1,847,859 Total assets $10,982,392 $13,807,387 =========== =========== LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $1,286,391 $1,828,138 Accrued expenses and other current liabilities 657,029 1,312,363 Revolving lines of credit 504,081 614,833 Current portion of long-term debt 424,432 300,000 Current portion of capital lease obligations 94,618 88,776 ------ ------ Total current liabilities 2,966,551 4,144,110 Revolving note from related party - 583,000 Long-term debt 1,953,810 1,578,242 Capital lease obligations 37,486 98,532 Deferred tax liability 99,253 89,779 Derivative liabilities - 3,866,836 Commitments and contingencies Stockholders' equity Common stock, $.02 par value; 200,000,000 shares authorized, 19,420,780 shares issued and outstanding (19,391,319 in 2010) 388,415 387,825 Additional paid-in capital 48,163,003 44,178,569 Accumulated other comprehensive loss (22,156) (25,834) Accumulated deficit (42,603,970) (41,093,672) ----------- Total stockholders' equity 5,925,292 3,446,888 Total liabilities and stockholders' equity $10,982,392 $13,807,387 ----------- -----------

    DOCUMENT SECURITY SYSTEMS, INC. AND SUBSIDIARIES Consolidated Statements of Cash Flows For the Six Months Ended June 30, (Unaudited)

    2011 2010 ---- ---- Cash flows from operating activities: Net loss $(1,510,298) $(2,117,225) Adjustments to reconcile net loss to net cash used by operating activities: Depreciation and amortization 351,548 641,548 Stock based compensation 201,543 204,961 Amortization of note discount - 81,464 Loss on equity investment - 71,679 Change in fair value of derivative liability (360,922) - (Increase) decrease in assets: Accounts receivable 773,970 889,660 Inventory (315,331) 201,010 Prepaid expenses and other assets 34,760 (17,923) Increase (decrease) in liabilities: Accounts payable (610,132) (424,409) Accrued expenses and other current liabilities (457,137) 140,594 -------- ------- Net cash used by operating activities (1,891,997) (328,641) Cash flows from investing activities: Purchase of equipment and leashold improvements (4,509) (85,400) Purchase of other intangible assets (24,472) (43,137) Acquisition of business 61,995 (2,272,405) ------ ---------- Net cash provided (used) by investing activities 33,014 (2,400,942) Cash flows from financing activities: Net borrowings on related party revolving line of credit - 100,000 Net payments on revolving line of credit (349,911) Borrowings on long-term debt - 1,500,000 Payments of long-term debt (150,000) (100,000) Payments of capital lease obligations (55,204) (44,344) Issuance of common stock, net of issuance costs (160,315) 1,134,005 -------- --------- Net cash (used) provided by financing activities (715,430) 2,589,661 -------- --------- Net decrease in cash (2,574,413) (139,922) Cash beginning of period 4,086,574 448,895 Cash end of period $1,512,161 $308,973 ========== ========

    Document Security Systems, Inc.

    Web site: http://www.dsssecure.com/




    Netlist Reports Second Quarter, Six-Month ResultsYear-over-Year Quarterly Revenues Up 72 Percent; Gross Profit Up 172 Percent; Net Loss Narrows; HyperCloud(TM) Shipments to End Users Commence

    IRVINE, Calif., Aug. 15, 2011 /PRNewswire/ -- Netlist, Inc. today reported financial results for the second quarter and six months ended July 2, 2011.

    Revenues for the second quarter ended July 2, 2011, were $16.0 million, up 72 percent from revenues of $9.3 million for the second quarter ended July 3, 2010. Sequentially, revenues improved 33 percent from the $12.0 million in revenues for the first quarter ended April 2, 2011. Gross profit for the second quarter ended July 2, 2011, was $4.9 million, or 31 percent of revenues, compared to a gross profit of $1.8 million, or 20 percent of revenues, for the second quarter ended July 3, 2010, an increase of 172 percent. Gross profit dollars were also up from the previous quarter by 30 percent from a gross profit of $3.8 million, or 32 percent of revenues.

    Net loss for the second quarter ended July 2, 2011, was $1.5 million, or $0.06 loss per share, a decrease of 62 percent compared to the net loss in the prior year period of $4.0 million, or $0.16 loss per share. These results include stock-based compensation and depreciation expense in both periods, of $0.4 million and $0.6 million, respectively. Net loss narrowed 46 percent from the previous quarter ended April 2, 2011. Cash based loss, after adding back stock-based compensation and depreciation, was $503,000 for the second quarter ended July 2, 2011, an improvement of 83 percent from the prior year's quarter.

    "We are pleased with another quarter of strong growth in revenue and increased gross profit both year over year and sequentially," Chief Executive Officer C.K. Hong said. "The quarter was anchored by continued traction in shipments of our Vault family of products with a growth rate of 126 percent from the prior year's quarter. In addition, our Flash product line also grew by 197 percent from the previous year's quarter. Both product lines also saw strong sequential growth. We reached a significant milestone with HyperCloud(TM) during the quarter by surpassing $1 million in booked orders. Finally, we added several new compelling products to our portfolio during the quarter - Hyperstream, 16GB 4Rank very low profile (VLP) Planar-X RDIMM and NVvault(TM) DDR3 which are in various stages of evaluation and qualification at major OEMs and end users."

    Revenues for the six months ended July 2, 2011, were $28.0 million, up 63 percent from revenues of $17.2 million for the six months ended July 3, 2010. Gross profit for the six months ended July 2, 2011, was $8.7 million, or 31 percent of revenues, compared to a gross profit of $3.6 million, or 21 percent of revenues, for the six months ended July 3, 2010, an increase of 140 percent for the period.

    Net loss for the six months ended July 2, 2011, was $4.3 million, or $0.17 loss per share, compared to a net loss in the prior year period of $6.9 million, or $0.31 loss per share. These results include stock-based compensation expense in both periods of $0.8 million.

    As of July 2, 2011, cash, cash equivalents, and investments in marketable securities were $12.1 million, total assets were $36.8 million, working capital was $16.7 million, total debt was $4.1 million, and stockholders' equity was $18.3 million.

    Conference Call Information

    As previously announced, Netlist is conducting a conference call today to be broadcast live over the Internet at 5:00 pm Eastern Time to discuss and review the financial results for the second quarter and six months ended July 2, 2011. The dial-in number for the call is 1-877-941-1429. The live webcast and archived replay of the call can be accessed in the Investors section of Netlist's website at www.netlist.com.

    Note Regarding Use of Non-GAAP Financial Measures

    Certain of the information set forth herein, including cash-based loss, may be considered non-GAAP financial measures. Netlist believes this information is useful to investors because it provides a basis for measuring Netlist's available capital resources, the operating performance of Netlist's business and Netlist's cash flow, excluding depreciation, amortization and share-based compensation that would normally be included in the most directly comparable measures calculated and presented in accordance with Generally Accepted Accounting Principles. Netlist's management uses these non-GAAP financial measures along with the most directly comparable GAAP financial measures in evaluating Netlist's operating performance, capital resources and cash flow. Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information presented in compliance with GAAP, and non-financial measures as reported by Netlist may not be comparable to similarly titled amounts reported by other companies.

    About Netlist:

    Netlist, Inc. designs and manufactures a wide variety of high-performance, logic-based memory subsystems for global datacenter and high-performance computing and communications markets. Netlist's flagship products include HyperCloud(TM), a memory module that breaks traditional memory barriers; the NVvault(TM) family of products including NVvault(TM) battery-free, a flash memory-based subsystem that enables data retention for weeks following a disaster, and EXPRESSvault(TM), a PCI Express backup and recovery solution for cache data protection; and a robust portfolio of high performance and specialty DIMMs including HyperStream, a low latency memory module, and the 16GB, 4Rank, very low profile Planar-X RDIMM, which helps reduce power consumption in servers using the Company's patented Planar-X technology.

    The memory products are developed for applications in which high-speed, high-capacity memory, enhanced functionality, small form factor and heat dissipation are key requirements. These applications include tower servers, rack-mounted servers, blade servers, high-performance computing clusters, engineering workstations and telecommunications equipment. Founded in 2000, Netlist is headquartered in Irvine, CA with manufacturing facilities in Suzhou, People's Republic of China. Learn more at www.netlist.com.

    Safe Harbor Statement:

    This news release contains forward-looking statements regarding future events and the future performance of Netlist. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expected or projected. These risks and uncertainties include, but are not limited to, continuing development, qualification and volume production of EXPRESSvault(TM), NVvault(TM), HyperCloud(TM), HyperStream and VLP Planar-X RDIMM; the rapidly-changing nature of technology; risks associated with intellectual property, including the costs and unpredictability of litigation over infringement of our intellectual property and the possibility of the Company's patents being re-examined by the United States Patent and Trademark office; volatility in the pricing of DRAM ICs and NAND; changes in and uncertainty of customer acceptance of, and demand for, our existing products and products under development, including uncertainty of and/or delays in product orders and product qualifications; delays in the Company's and its customers' product releases and development; introductions of new products by competitors; changes in end-user demand for technology solutions; the Company's ability to attract and retain skilled personnel; the Company's reliance on suppliers of critical components; fluctuations in the market price of critical components; evolving industry standards; and the political and regulatory environment in the People's Republic of China. Other risks and uncertainties are described in the Company's annual report on Form 10-K, dated March 3, 2011, and subsequent filings with the U.S. Securities and Exchange Commission made by the Company from time to time. Except as required by law, Netlist undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

    Contact: Allen & Caron Inc Gail M. Sasaki Jill Bertotti Chief Financial (investors) Officer jill@allencaron.com Netlist, Inc. Len Hall (media) (949) 435-0025 len@allencaron.com (949) 474-4300

    TABLES FOLLOW

    Netlist, Inc. Unaudited Condensed Consolidated Statements of Operations (in thousands, except per share amounts)

    Three Months Ended Six Months Ended ------------------ ---------------- July 2, July 3, July 2, July 3, 2011 2010 2011 2010 ---- ---- ---- ---- Net sales $16,001 $9,304 $28,001 $17,194 Cost of sales(1) 11,064 7,486 19,260 13,558 ------ ----- ------ ------ Gross profit 4,937 1,818 8,741 3,636 ----- ----- ----- ----- Operating expenses: Research and development(1) 3,755 3,190 7,439 6,198 Selling, general and administrative(1) 2,583 2,607 5,500 5,177 ----- ----- ----- ----- Total operating expenses 6,338 5,797 12,939 11,375 ----- ----- ------ ------ Operating loss (1,401) (3,979) (4,198) (7,739) ------ ------ ------ ------ Other (expense) income: Interest (expense) income, net (50) 3 (75) 4 Other (expense) income, net (59) 4 (59) 71 --- --- --- --- Total other (expense) income, net (109) 7 (134) 75 ---- --- ---- --- Loss before provision (benefit) for income taxes (1,510) (3,972) (4,332) (7,664) Provision (benefit) for income taxes 1 2 1 (725) --- --- --- ---- Net loss $(1,511) $(3,974) $(4,333) $(6,939) ======= ======= ======= ======= Net loss per common share: Basic and diluted $(0.06) $(0.16) $(0.17) $(0.31) Weighted-average common shares outstanding: Basic and diluted 24,988 24,780 24,935 22,734 (1) Amounts include stock-based compensation expense as follows: Cost of sales $18 $12 $31 $22 Research and development 146 117 288 163 Selling, general and administrative 242 297 440 623

    Netlist, Inc. Unaudited Condensed Consolidated Balance Sheets (in thousands)

    July 2, January 1, 2011 2011 ---- ---- ASSETS Current assets: Cash and cash equivalents $11,690 $14,210 Investments in marketable securities - 824 Accounts receivable, net 9,337 6,451 Inventories 11,370 4,509 Prepaid expenses and other current assets 519 1,396 --- ----- Total current assets 32,916 27,390 Property and equipment, net 3,153 4,077 Long-term investments in marketable securities 456 890 Other assets 234 337 Total assets $36,759 $32,694 ======= ======= LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $11,427 $6,256 Accrued payroll and related liabilities 1,483 1,762 Accrued expenses and other current liabilities 401 369 Accrued engineering charges 932 638 Current portion of long-term debt 1,971 674 ----- --- Total current liabilities 16,214 9,699 Long-term debt, net of current portion 2,111 1,063 Other liabilities 101 85 --- --- Total liabilities 18,426 10,847 ------ ------ Commitments and contingencies Stockholders' equity: Common stock, $0.001 par value - 90,000 shares authorized; 25,344 (2011) and 25 25 25,284 (2010) shares issued and outstanding Additional paid-in capital 89,827 89,074 Accumulated deficit (71,474) (67,141) Accumulated other comprehensive loss (45) (111) Total stockholders' equity 18,333 21,847 ------ ------ Total liabilities and stockholders' equity $36,759 $32,694 ======= =======

    Netlist, Inc. Schedule Reconciling GAAP Net Loss to Non-GAAP Cash-based Loss (in thousands, except per share amounts)

    Quarter Ended ------------- Six Months Ended ---------------- July 2, July 3, July 2, July 3, 2011 2010 2011 2010 --- --- ---- ---- GAAP net loss $(1,511) $(3,974) $(4,333) $(6,939) The non-GAAP amounts have been adjusted to exclude the following items: Excluded from cost of sales and operating expenses: Depreciation and amortization (a) 602 552 1,183 1,130 Stock-based compensation (b) 406 426 759 808 Total non-GAAP adjustments before income tax 1,008 978 1,942 1,938 Income tax effect of non- GAAP adjustments - - - - Net effect of adjustments to GAAP net loss 1,008 978 1,942 1,938 Non-GAAP cash-based loss $(503) $(2,996) $(2,391) $(5,001) ===== ======= ======= =======

    The items excluded from GAAP financial results in calculating non- GAAP financial results, are set forth below: Depreciation and amortization have been excluded as a significant portion of the Company's property and equipment is invested in its operating capacity in China. It is management's opinion that its operating capacity is sufficient to support forecasted operations, or could be supplemented with outsourcing solutions. Accordingly, management omits these expenses when evaluating its operating activities, for strategic decision making, forecasting future results and (a) evaluating current performance. Employee stock compensation costs incurred have been excluded as management omits these expenses when evaluating its operating activities, for strategic decision making, (b) forecasting future results and evaluating current performance.

    Netlist, Inc.

    Web site: http://www.netlist.com/




    Genuine Parts Company Declares Regular Quarterly Dividend

    ATLANTA, Aug. 15, 2011 /PRNewswire/ -- The Board of Directors of Genuine Parts Company , declared a regular quarterly cash dividend of forty-five cents ($.45) per share on the Company's common stock.

    (Logo: http://photos.prnewswire.com/prnh/20081002/CLTH108LOGO )

    The dividend is payable October 3, 2011 to shareholders of record September 9, 2011.

    About Genuine Parts Company

    Genuine Parts Company is a distributor of automotive replacement parts in the U.S., Canada and Mexico. The Company also distributes industrial replacement parts in the U.S. and Canada through its Motion Industries subsidiary. S. P. Richards Company, the Office Products Group, distributes business products nationwide in the U.S. and in Canada. The Electrical/Electronic Group, EIS, Inc., distributes electrical and electronic components throughout the U.S., Canada and Mexico. Genuine Parts Company had 2010 revenues of $11.2 billion.

    Photo: http://photos.prnewswire.com/prnh/20081002/CLTH108LOGO Genuine Parts Company

    CONTACT: Jerry W. Nix, Vice Chairman and CFO, +1-770-612-2048, Sidney G.
    Jones, Vice President-Investor Relations, +1-770-818-4628

    Web site: http://www.genpt.com/




    Level 3 prend en charge le nouveau service AWS Direct Connect d'Amazon Web Services

    BROOMFIELD, Colorado, August 15, 2011 /PRNewswire/ --

    - Offre une option de nuage privé pour les clients industriels d'AWS leur permettant d'accroître ledébit de la bande passante, d'améliorer la cohérence du réseau et de réduire les coûts

    Level 3 Communications, Inc. a annoncé aujourd'hui qu'il est un fournisseur de solutions pour le nouveau service d'Amazon Web Services (AWS), AWS Direct Connect, proposant une connectivité de réseau spécialisé et des services destinés à appuyer l'adoption par la clientèle de large bande passante de la plateforme AWS.

    (Logo : http://photos.prnewswire.com/prnh/20110523/la06722logo)

    AWS Direct Connect permet aux entreprises de se connecter à une région AWS par le biais d'un circuit réseau spécialisé. En faisant appel à AWS Direct Connect, les entreprises peuvent établir une connexion spécialisée entre AWS et le centre de données, l'installation de colocalisation ou le bureau principal de leur organisation, tout en augmentant le débit de la bande passante, en améliorant la cohérence du réseau et en diminuant les coûts du réseau.

    Les services informatiques des entreprises transfèrent de plus en plus d'applications vers des solutions basées sur le nuage et sont à la recherche de services supplémentaires afin de garantir la fiabilité et la sécurité de la connectivité réseau. Le réseau et les services dans le nuage de pointe de Level 3 favorisent une plateforme dans le nuage de bout en bout d'une disponibilité ultra-élevée, ce qui optimise la productivité en proposant les services AWS par le biais d'un réseau qui répond aux exigences de l'application en termes de disponibilité, de temps d'attente et de sécurité.

    " L'adoption de Amazon Web Services par les entreprises gagne en envergure et en complexité. En raison de cette sophistication accrue, nombreux sont les clients qui cherchent des options de connectivité réseau qui cadrent avec les exigences spécifiques de leur application quant à la performance et à la sécurité ", a déclaré Andrew Crouch, président des ventes chez Level 3. " Les clients d'AWS Direct Connect peuvent mettre à profit le réseau de Level 3 afin de satisfaire à la demande des adeptes du nuage de pointe bénéficiant d'une vaste portée du réseau, de l'échelle de la bande passante et d'une connectivité établie vers les sites AWS Direct Connect ", a-t-il ajouté.

    AWS propose aux sociétés une infrastructure de plateforme de services Web dans le nuage qui permet la personnalisation de la gestion de l'application en fonction des besoins de l'entreprise, et le réseau à fibre optique international de Level 3 possède les qualités nécessaires pour répondre à l'adoption par les entreprises des services basés sur le nuage. Grâce à cette collaboration, Level 3 est en mesure de proposer aux utilisateurs finaux des circuits d'une capacité de 1 Gb (gigabit) et de 10 Gb (gigabits) vers le nuage AWS sur tous les sites Direct Connect.

    Pour de plus amples renseignements sur les solutions de service réseau de pointe de Level 3, veuillez consulter http://www.level3.com.

    À propos deLevel 3 Communications

    Level 3 Communications, Inc. est l'un des principaux fournisseurs internationaux de services de communications sur fibre. Les clients dans les secteurs entreprise, contenu, vente de gros et services gouvernementaux font confiance à Level 3 pour bénéficier de services faisant figure de référence dans le secteur en sachant combiner à la perfection l'extensibilité et l'économie sur un réseau fibre de bout en bout. Level 3 offre une gamme de services urbains et longue distance, notamment transmission, données, Internet, diffusion de contenu et voix. Pour en savoir plus, rendez-vous sur http://www.level3.com.

    (c) Level 3 Communications, LLC. Tous droits réservés. Level 3, Level 3 Communications et le logo de Level 3 Communications sont des marques de service déposées ou des marques de service de Level 3 Communications, LLC et/ou de l'une des ses sociétés affiliées aux Etats-Unis et/ou dans d'autres pays. Level 3 fournit ses services par le biais de filiales en propriété exclusive de Level 3 Communications, Inc. Tous les autres noms de services, de produits, de sociétés ou les logos mentionnés dans ce communiqué sont les marques de commerce ou de service de leurs propriétaires respectifs.

    Énoncé prospectif

    Certains des énoncés formulés dans ce communiqué sont des énoncés de nature prévisionnelle. Ces déclarations sont fondées sur les attentes actuelles ou les convictions de la direction. Ces énoncés prospectifs ne sont pas une garantie de performance et sont assujettis à un certain nombre d'incertitudes et de facteurs, dont plusieurs échappent au contrôle de Level 3, ce qui pourrait entrainer un écart considérable entre les événements réels et ceux exprimés ou suggérés dans ces énoncés. Les facteurs les plus importants pouvant empêcher Level 3 d'atteindre ses objectifs déclarés comprennent, à titre non exhaustif : l'incertitude actuelle sur les marchés financiers mondiaux et la conjoncture économique mondiale, un arrêt du développement et de l'expansion d'Internet comme moyen de communication et marché pour la distribution et la consommation de données et vidéo, et les perturbations des marchés financiers qui pourraient influer sur la capacité de Level 3 à obtenir du financement supplémentaire. D'autres facteurs incluent, mais sans s'y limiter, la capacité de la société à : maintenir et augmenter le volume du trafic sur son réseau, développer des systèmes efficaces de soutien aux entreprises, gérer les pannes ou des perturbations du système et du réseau, développer de nouveaux services qui répondent aux exigences des clients et qui génèrent des marges acceptables, défendre sa propriété intellectuelle et ses droits exclusifs, s'adapter aux changements technologiques rapides qui renforcent la concurrence, attirer et fidéliser des dirigeants et du personnel qualifiés, intégrer avec succès les acquisitions, et respecter l'ensemble des échéances et des conditions des titres de créance. Des informations supplémentaires concernant ces facteurs,entre autres, sont disponibles dans les documents déposés par Level 3 auprès de la Securities and Exchange Commission. Les déclarations figurant dans ce communiqué de presse doivent être évaluées à la lumière desdits facteurs. Level 3 n'a aucunement l'obligation, et décline expressément toute obligation, de mettre à jour ou de modifier ses énoncés prospectifs, que ce soit à la lumière de nouvelles informations, la survenue d'événements futurs ou pour toute autre raison.

    Coordonnées Médias : Investisseurs : Jon Paul McLeary Mark Stoutenberg +1-720-888-3244 +1-720-888-2518 JonPaul.McLeary@Level3.com Mark.Stoutenberg@Level3.com

    Level 3 Communications, Inc.

    CONTACT: .




    McGraw-Hill Makes Math Fun for Students and Teachers with the Launch of "This is My Math" Art ContestContest Gives Elementary Students Chance to have Artwork Featured on Next K-5 McGraw-Hill Math Program and Teachers to Win $174,000 in Classroom Materials

    NEW YORK, Aug. 15, 2011 /PRNewswire/ -- McGraw-Hill Education announced today the launch of a new student art contest called "This is My Math" designed to fully engage K-5 students from around the country in the meaning of math and give them the opportunity to have their winning artwork featured on the next elementary math program from McGraw-Hill called My Math. In addition to this recognition, the 12 winning students, two from each grade K-5, will have their artwork displayed at the brand new Museum of Mathematics when it opens next year in New York City.

    Teachers will submit their students' artwork and have the chance to win nearly $15,000 per teacher in fun and functional classroom prizes through the generous support of contest sponsors including Promethean, netTrekker, Psychological Software Solutions, Intel, Texas Instruments, eInstruction, VWR Education/Science Kit, The Math Forum @ Drexel and Crayola. Students are asked to reflect on the importance of math and illustrate the theme "What Math Means to Me" through their artwork. Teachers will submit the art with an accompanying student-created narrative through a special contest website, https://www.mheonline.com/.

    The 12 contest winners, to be announced after December 5, will be selected by a panel of judges including notable individuals from the worlds of education, art and the media. The judges are award-winning children's book illustrator R.W. Alley, 2011 Florida Teacher of the Year Cheryl Conley, educator and business blogger Liz Strauss, Museum of Mathematics chief of operations Cindy Lawrence, author and literacy consultant Timothy Shanahan, Crayola Director of Child Development Cheri Sterman, author, composer, and television producer Christopher Cerf, Charlotte Observer arts writer Lawrence Toppman, Scholastic Administrator executive editor Wayne D'Orio and Art + Auction editor Sarah Hanson. In addition to the judging panel, members of the general public will have the opportunity to vote for their favorite artwork through an online voting system available at https://www.mheonline.com/.

    "The My Math student artwork contest provides an opportunity for both students and teachers to engage in meaningful discussion and reflect on the importance of math in their everyday lives," said Lisa O'Masta, vice president, McGraw-Hill School Education. "By empowering young students to contribute their art to this exciting new math program, we have mirrored the core My Math philosophy of interactive learning."

    The "This is My Math" art contest is being hosted by Shycast. For more information about the contest, rules and guidelines, prize packages, judging criteria and entry information, please visit https://www.mheonline.com/.

    About McGraw-Hill School Education

    McGraw-Hill School Education, a unit of McGraw-Hill Education, is a leading global innovator in the development of 21st century teaching and learning solutions for K-12 education markets, offering traditional and digital instructional, assessment, and reference content and tools for teachers and students. McGraw-Hill School Education addresses critical areas in primary and secondary education through Learning Solutions Centers focused on improving student learning outcomes and promoting digital innovation in literacy, STEM, college and career readiness, and intervention and special needs education. All of McGraw-Hill's content for elementary schools and secondary schools is available in digital form. McGraw-Hill Education, a division of The McGraw-Hill Companies , has offices in 33 countries and publishes in more than 65 languages. Additional information is available at http://www.mheducation.com.

    McGraw-Hill Education

    CONTACT: Tom Stanton, +1-212-904-3214, tom_stanton@mcgraw-hill.com

    Web site: http://www.mheducation.com/




    Turkcell Ranked First Among 53 Countries Globally for 3G Data Download Speed

    ISTANBUL, August 15, 2011 /PRNewswire/ --

    Turkcell , the leading communications and technology company, is delighted to announce that its 3G exchanges (Radio Network Controllers) have been ranked first in terms of data download speed in the "International 3G Network Comparison Report" prepared by Ericsson. Ericsson conducted a benchmark report that depends on statistical results from 53 different countries among 639 3G exchanges where in terms of data download speed, 11 of Turkcell's 3G exchanges took place in the top 11 rankings, leaving behind all the operators that participated in this benchmarking study from Europe & Middle East, Africa, Asia Pacific and the Americas.

    In evaluating the results, Turkcell Chief Network Operations Officer Ilter Terzioglu commented that "Our investments in 3G, in which we lead in the Turkish market, are bearing fruit. With the A-Type license we hold, we cover 85% of Turkey's population. In terms of 3G High Speed Data Download rates, Turkcell is the fastest among others, not only in Turkey, but also globally. The benchmark reported by Ericsson proved that the supreme quality of Turkcell network provides the best 3G services in the world. We are proud to deliver the fastest and best quality services to our customers."

    Turkcell was placed among the highest rankings based on other criteria such as the "Minimum Drop Rate", where 9 of Turkcell's exchanges have been ranked among the top 25, and "Call Completion Rate" where 10 of Turkcell's exchanges have been ranked among the top 22.

    About Turkcell

    Turkcell is the leading communications and technology company in Turkey with 34.1 million subscribers and a market share of approximately 54% as of June 30, 2011 (Source: Operator's announcements and excluding the impact of the change in prepaid churn periods in Q2 2011). Turkcell is a leading regional player, with market leadership in five of the nine countries in which it operates with it's approximately 61.7 million subscribers as of June 30, 2011. The company covers approximately 85% of the Turkish population through its 3G and 99.07% through its 2G technology supported network. It has become one of the first among the global operators to have implemented HSDPA+ and achieved a 42.2 Mbps speed using the HSPA multi carrier solution. Turkcell reported a TRY2.3 billion (US$1.5 billion) net revenue with total assets of TRY15.5 billion (US$9.5 billion) as of June 30, 2011. It has been listed on the NYSE and the ISE since July 2000, and is the only NYSE-listed company in Turkey. Read more at http://www.turkcell.com.tr

    For further information please contact Nihat Narin, Investor and International Media Relations Tel: +90-212-313-1244 Email: nihat.narin@turkcell.com.tr investor.relations@turkcell.com.tr http://www.turkcell.com.tr

    Turkcell

    CONTACT: .




    Turkcell Ranked First Among 53 Countries Globally for 3G Data Download Speed

    ISTANBUL, August 15, 2011 /PRNewswire/ --

    Turkcell , the leading communications and technology company, is delighted to announce that its 3G exchanges (Radio Network Controllers) have been ranked first in terms of data download speed in the "International 3G Network Comparison Report" prepared by Ericsson. Ericsson conducted a benchmark report that depends on statistical results from 53 different countries among 639 3G exchanges where in terms of data download speed, 11 of Turkcell's 3G exchanges took place in the top 11 rankings, leaving behind all the operators that participated in this benchmarking study from Europe & Middle East, Africa, Asia Pacific and the Americas.

    In evaluating the results, Turkcell Chief Network Operations Officer Ilter Terzioglu commented that "Our investments in 3G, in which we lead in the Turkish market, are bearing fruit. With the A-Type license we hold, we cover 85% of Turkey's population. In terms of 3G High Speed Data Download rates, Turkcell is the fastest among others, not only in Turkey, but also globally. The benchmark reported by Ericsson proved that the supreme quality of Turkcell network provides the best 3G services in the world. We are proud to deliver the fastest and best quality services to our customers."

    Turkcell was placed among the highest rankings based on other criteria such as the "Minimum Drop Rate", where 9 of Turkcell's exchanges have been ranked among the top 25, and "Call Completion Rate" where 10 of Turkcell's exchanges have been ranked among the top 22.

    About Turkcell

    Turkcell is the leading communications and technology company in Turkey with 34.1 million subscribers and a market share of approximately 54% as of June 30, 2011 (Source: Operator's announcements and excluding the impact of the change in prepaid churn periods in Q2 2011). Turkcell is a leading regional player, with market leadership in five of the nine countries in which it operates with it's approximately 61.7 million subscribers as of June 30, 2011. The company covers approximately 85% of the Turkish population through its 3G and 99.07% through its 2G technology supported network. It has become one of the first among the global operators to have implemented HSDPA+ and achieved a 42.2 Mbps speed using the HSPA multi carrier solution. Turkcell reported a TRY2.3 billion (US$1.5 billion) net revenue with total assets of TRY15.5 billion (US$9.5 billion) as of June 30, 2011. It has been listed on the NYSE and the ISE since July 2000, and is the only NYSE-listed company in Turkey. Read more at http://www.turkcell.com.tr

    For further information please contact Nihat Narin, Investor and International Media Relations Tel: +90-212-313-1244 Email: nihat.narin@turkcell.com.tr investor.relations@turkcell.com.tr http://www.turkcell.com.tr

    Turkcell

    CONTACT: .




    Camelot Information Systems to Host Investor Conference Call Today at 2 p.m. EDT

    BEIJING, Aug. 15, 2011 /PRNewswire-Asia-FirstCall/ -- Camelot Information Systems Inc. ("Camelot" or the "Company") , a leading domestic provider of enterprise application services and financial industry information technology ("IT") services in China, today announced that it will host an investor conference call on Monday, August 15, 2011, at 2 p.m. (U.S. Eastern Daylight Time) / 11:00 a.m. (U.S. Pacific Daylight Time) / 2:00 a.m. (Beijing / Hong Kong time).

    The conference call may be accessed by calling:

    US Toll free: 866.700.6067 US Toll / International: 617.213.8834 Hong Kong toll free: 800.96.3844 HK Toll: 852.3002.1672 UK toll free: 08082347616 UK toll: 44.207.365.8426 South China toll free / China Telecom: 10 800 130 0399 South China toll free / China Netcom: 10 800 852 1490 North China toll free / China Telecom: 10 800 152 1490 China toll: 86 4008811630 ----------- ------------- Taiwan toll free: 00801148420 ----------------- -----------

    Passcode: Camelot

    Please dial in approximately 10 minutes before the scheduled time of the call.

    A replay of the conference call may be accessed by phone at the following numbers until Monday, August 22, 2011:

    US Toll free: 888-286-8010 ------------- ------------ US Toll / International: 617-801-6888 --------------- ------------

    Passcode: 72153064

    A live webcast of the conference call and recording of the conference call will be available on the investor relations page of Camelot's website at www.camelotchina.com.

    ABOUT CAMELOT INFORMATION SYSTEMS INC.

    Camelot is a leading domestic provider of enterprise application services and financial industry information technology ("IT") services in China, focusing on the high end of the IT value chain. The Company is the largest domestic provider of SAP-based Enterprise Resource Planning services in China as measured by 2009 revenue and by number of SAP consultants as of December 31, 2009. Camelot also operates in other areas of the Asia Pacific region, including Taiwan and Japan. The Company provides services to a wide range of industries, including financial services, resources and energy, manufacturing and automobile, technology, as well as telecommunication, media and education.

    Investor Relations Company Contacts: Contacts: Camelot Information CCG Investor Systems Inc. Relations Mr. Gordon Lau, Chief Financial Mr. Crocker Coulson, Officer President Tel: +86 (10) 8201 Tel: +1 (646) 9008 213-1915 E-mail: E-mail: investors@camelotchina.com crocker.coulson@ccgir.com Ms. Jojo Guo, Mr. John Harmon, Investor Relations CFA, Sr. Account Manager Manager Tel: +1 (646) Tel: +86 (10) 6561 371-6533 6886 x807 (Beijing) E-mail: E-mail: investors@camelotchina.com john.harmon@ccgir.com

    Camelot Information Systems Inc.

    Web site: http://www.camelotchina.com/




    Travelzoo Opens Austin Office

    NEW YORK, Aug. 15, 2011 /PRNewswire/ -- Travelzoo Inc. , a global Internet media company, today announced it opened an office in Austin, Texas. The new office gives Travelzoo an expanded presence across Texas and the South.

    "Austin is a leading center for Internet media and high-tech brands," said Chris Loughlin, chief executive officer for Travelzoo. "Having a presence there will allow us to attract highly-skilled Internet media professionals who are familiar with Texas and the South. By doing so, we will be able to better service our advertisers and offer greater content for our subscribers across the region."

    Travelzoo's new Austin office is located at 106 East Sixth Street, Suite 900, Austin, Texas, 78701.

    For more information about Travelzoo and to become a Travelzoo subscriber for free, please visit www.travelzoo.com.

    About Travelzoo

    Travelzoo Inc. is a global Internet media company. With more than 24 million subscribers in North America, Europe, and Asia Pacific and 24 offices worldwide, Travelzoo(R) publishes deals from more than 2,000 travel, entertainment and local companies. Travelzoo Deal Experts review offers to find the best deals and confirm their true value. In Asia Pacific, Travelzoo is independently owned and operated by Travelzoo (Asia) Ltd. and Travelzoo Japan K.K. under a license agreement with Travelzoo Inc.

    Certain statements contained in this press release that are not historical facts may be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934. These forward-looking statements may include, but are not limited to, statements about our plans, objectives, expectations, prospects and intentions, markets in which we participate and other statements contained in this press release that are not historical facts. When used in this press release, the words "expect", "predict", "project", "anticipate", "believe", "estimate", "intend", "plan", "seek" and similar expressions are generally intended to identify forward-looking statements. Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause actual results to differ materially from those expressed or implied by these forward-looking statements, including changes in our plans, objectives, expectations, prospects and intentions and other factors discussed in our filings with the SEC. We cannot guarantee any future levels of activity, performance or achievements. Travelzoo undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release. Travelzoo and Top 20 are registered trademarks of Travelzoo. All other names are trademarks and/or registered trademarks of their respective owners.

    Media Contact:
    Christie McConnell
    Travelzoo, North America
    (212) 484-4912
    cmcconnell@travelzoo.com

    Travelzoo

    Web site: http://www.travelzoo.com/




    AT&T Expands Mobile Broadband Coverage in Wayne CountyNew Cell Sites Activated as Part of Ongoing AT&T Investment in Local Wireless Network

    DETROIT, Aug. 15, 2011 /PRNewswire/ -- As part of its continuing network investment to support growing demand for advanced mobile devices and applications, AT&T* today announced the activation of 23 new mobile broadband cell sites in various cities throughout Wayne County including Detroit, Grosse Pointe, Dearborn, Allen Park, Dearborn Heights, Melvindale, Taylor, and Lincoln Park that will enhance coverage for area residents and businesses. With mobile broadband speeds, AT&T customers can surf the Web, download files faster, and enjoy the very latest interactive mobile applications.

    The new cell sites are one part of AT&T's ongoing efforts to drive investment and innovation to deliver the nation's best, most advanced mobile broadband experience for customers. With the nation's fastest mobile broadband network, AT&T provides accelerated mobile data speeds and simultaneous voice and data capabilities.

    "Our goal is for our customers to have an extraordinary experience. As part of the Wayne County community, we're always looking for new opportunities to provide enhanced coverage, and our investment in the local wireless network is just one way we're accomplishing that," said Jim Murray, president, AT&T Michigan. "In addition, our recently announced agreement to acquire T-Mobile USA will strengthen and expand our network in Wayne County. If approved, this deal means that we'll be able to expand the next generation of mobile broadband - 4G LTE - from our current plan of 80 percent of the U.S. population to more than 97 percent."

    "Expanded mobile broadband coverage is very important in the fight to keep the streets of Detroit and Wayne County safe," said Wayne County Sheriff Benny Napoleon. "Stronger signals and faster connections give law enforcement instant access to the information we need during critical investigations and keep our officers connected. The entire region will be safer because of ATT's investment and continuing commitment to Wayne County."

    AT&T's mobile broadband network is based on the 3rd Generation Partnership Project (3GPP) family of technologies that includes GSM and UMTS, the most widely used wireless network platforms in the world. AT&T has the broadest international coverage of any U.S. wireless provider, providing access to voice service in more than 220 countries and data service in more than 200 countries. AT&T also offers voice and data roaming coverage on more than 135 major cruise ships, as well as mobile broadband services in more than 130 countries.

    "We want you to have an extraordinary experience whether you are sharing videos and photos with friends, watching a movie, checking the latest scores, or keeping your business mobile on your AT&T device," said Brian Ducharme, vice president and general manager for in AT&T Michigan and Indiana "Smartphones, tablets and laptops are continuing to drive unprecedented demand for wireless access everywhere. We're investing in a combination of technologies right here in Wayne County to meet these needs and ensure an advanced broadband experience for all our customers."

    AT&T also operates the nation's largest Wi-Fi network** with nearly 27,000 hotspots in the U.S. and provides access to nearly 190,000 hotspots globally through roaming agreements. Most AT&T smartphone customers get access to our entire national Wi-Fi network at no additional cost, and Wi-Fi usage doesn't count against customers' monthly wireless data plans.

    For more information about AT&T's coverage in Wayne County or anywhere in the United States, consumers can visit the AT&T Coverage Viewer. Using the online tool, AT&T customers can measure quality of coverage from a street address, intersection, ZIP code or even a landmark.

    For updates on the AT&T wireless network, please visit the AT&T network news page.

    *AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc.

    ** Largest based on company branded and operated hotspots. Access includes AT&T Wi-Fi Basic. A Wi-Fi enabled device required. Other restrictions apply. See www.attwifi.com for details and locations.

    About AT&T

    AT&T Inc. is a premier communications holding company. Its subsidiaries and affiliates - AT&T operating companies - are the providers of AT&T services in the United States and around the world. With a powerful array of network resources that includes the nation's fastest mobile broadband network, AT&T is a leading provider of wireless, Wi-Fi, high speed Internet, voice and cloud-based services. A leader in mobile broadband and emerging 4G capabilities, AT&T also offers the best wireless coverage worldwide of any U.S. carrier, offering the most wireless phones that work in the most countries. It also offers advanced TV services under the AT&T U-verse(R) and AT&T |DIRECTV brands. The company's suite of IP-based business communications services is one of the most advanced in the world. In domestic markets, AT&T Advertising Solutions and AT&T Interactive are known for their leadership in local search and advertising.

    Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at http://www.att.com. This AT&T news release and other announcements are available at http://www.att.com/newsroom and as part of an RSS feed at www.att.com/rss. Or follow our news on Twitter at @ATT.

    (C) 2011 AT&T Intellectual Property. All rights reserved. Mobile broadband not available in all areas. AT&T, the AT&T logo and all other marks contained herein are trademarks of AT&T Intellectual Property and/or AT&T affiliated companies.

    AT&T Inc.

    CONTACT: Jermaine Spight, Sr. Public Relations Manager of AT&T Inc.,
    +1-313-223-7779, Jermaine.Spight@att.com

    Web site: http://www.att.com/




    Chili's Celebrates 1,000,000 Facebook Fans With Party and Free Chili's for a Year for One Lucky Fan and Rewards Social Enthusiasts With Special Offer"Pam L., We "Like" You Too!"

    DALLAS, Aug. 15, 2011 /PRNewswire/ -- It started with one little click, and 999,999 little clicks later, Chili's(R) Grill & Bar celebrates a milestone 1,000,000 fans who "Like" the brand's Facebook page. Representing the brand's passion for making people feel special, Chili's extended the hospitality experience beyond the restaurant by flying one of their biggest fans to ChiliHeadquarters in Dallas Friday, Aug. 12 for the party of a lifetime.

    (Photo: http://photos.prnewswire.com/prnh/20110815/DA52257)

    One of Chili's top Facebook fans, Pam Loland of Jackson, Miss., and her husband, Kevin, are regulars at their local Chili's, where the restaurant team knows them by name. Their love for Chili's doesn't stop when they leave the restaurant; Pam shares her family's experiences on Chili's Facebook page, where she continues to be one of the brand's most enthusiastic advocates.

    ChiliHeads from Dallas headquarters and Dallas/Fort Worth Chili's restaurants rolled out the red carpet for Pam and Kevin as they arrived in a limo to cheers of thanks and posters exclaiming, "We 'Like' you, too!" In celebration of this digital milestone, Pam was given the royal treatment on a tour of ChiliHeadquarters and even sampled top-secret menu items in the brand's test kitchen. Kelli Valade, Chili's Chief Operating Officer, thanked Pam on behalf of operators from around the globe by presenting her with an iPad 2, for ease of social networking, and free Chili's for a year!

    "In this exciting new digital age, we now have the ability to extend our passion for making the guest feel special beyond the four walls of our restaurants, and that is exactly what Pam and Kevin experienced this past week as we gave them a behind-the-scenes look into the restaurant brand they love," said Kelli Valade, Chief Operating Officer for Chili's Grill & Bar.

    To keep fans, followers and social media enthusiasts in the loop as Chili's welcomed Pam and Kevin, up-to-the-minute status updates and tweets were made throughout the celebration. Guests also followed the event on Twitter by tracking the buzz with hashtag #ChilisLIKESYouToo.

    Even though Pam may have been the fan to win the trip of a lifetime, Chili's wants all guests to celebrate the brand's million fan milestone. From August 15 through August 17, a coupon for the choice of free appetizer or free dessert will be available on Chili's Facebook page for all fans to enjoy.

    About Chili's Grill & Bar

    Chili's Grill & Bar is the flagship brand of Dallas-based Brinker International, Inc. , a recognized leader in casual dining. Chili's offers a fun, energetic atmosphere and a distinct, fresh mix of grilled American favorites at more than 1,500 locations in 31 countries and two territories. Brinker's wholly-owned restaurant brands include Chili's(R) Grill & Bar and Maggiano's Little Italy(R). Brinker also holds a minority investment in Romano's Macaroni Grill(R). Follow news about Chili's on Facebook at www.facebook.com/chilis, @Chilis on Twitter and on YouTube at www.youtube.com/chilis. For more information, please visit www.chilis.com.

    Photo: http://photos.prnewswire.com/prnh/20110815/DA52257
    PRN Photo Desk, photodesk@prnewswire.com Chili's Grill & Bar

    CONTACT: Media Relations, Chili's Grill & Bar, 1-800-775-7290

    Web site: http://www.chilis.com/




    Verizon Wireless Expands 3G Wireless Network in Ashland County, Ohio

    GREENWICH, Ohio, Aug. 15, 2011 /PRNewswire/ -- To continue to stay ahead of rising demand for wireless voice, 3G multimedia and Internet access, Verizon Wireless has expanded its local network in portions of Ashland County.

    Consumer Advantages

    The new cell site provides increased wireless voice and 3G data along Interstate 224 and Interstate 250 east of Greenwich and south of the town of New London including:

    --  North from County Road 658 to the Millstone Hills Golf Course, and;
    --  East from State Route 13 to Township Road 1101.
    

    Expanded 3G data capacity in the area enables more customers using notebook computers or smartphones to:

    --  Download and use apps, ranging from social networking platforms to
    GPS-enabled maps to Hollywood news;
    --  Rapidly browse the Web to keep up with news, sports, stock quotes,
    entertainment news and more;
    --  Work remotely with file sharing;
    --  Quickly download and play music favorites from Top 40 to Classical;
    --  Send emails to friends, family and co-workers with picture and video
    attachments;
    --  Download and play 3D games, and;
    --  Stream video and customized radio stations.
    

    "People across Ohio are increasingly relying on smartphones and 3G applications to manage their busy lives and stay connected at home or on-the-go," said Mark Frazier, president-Ohio/Pennsylvania/West Virginia Region, Verizon Wireless. "The nearly $2 billion we've invested into our Ohio network has kept us ahead of consumer trends, provided our customers a 3G advantage and underscored our belief that any mobile device is only as good as the network it runs on. Proactive and sustained investment has made Verizon Wireless the 3G leader in Ohio and nationwide."

    Harnessing the Capabilities of a Robust 3G Network

    Verizon Wireless' 3G network powers many leading mobile multimedia services, including:

    --  Mobile Broadband Internet Access: Notebook computer users can access
    e-mail, download files and browse the Internet at broadband speed,
    downloading a one megabyte e-mail attachment - the equivalent of a small
    PowerPoint(R) presentation or a large PDF file - in about eight seconds
    and uploading it in less than 13 seconds.
    --  V CAST Video: V CAST multimedia services offer customers the ability to
    play cutting-edge 3D games and stream video clips straight to their
    phones, as well as to watch dozens of on-demand videos, including
    breaking news, weather, sports highlights and entertainment clips.
    

    In addition to enhancing its 3G network, Verizon Wireless has deployed its 4G LTE Network in 102 metropolitan areas and 76 commercial airports coast to coast covering one-third of all Americans. During 2011, the company will continue to expand its 4G footprint to include more than 175 markets by year-end. Verizon Wireless' 4G LTE wireless network is the fastest and most advanced 4G network in America and offers speeds up to 10 times faster than the current 3G network.

    Sustained Wireless Investment

    The company has invested more than $65 billion - $6 billion on average every year - since its inception to increase the wireless voice and data coverage of its national network and to add new 3G services like Mobile Broadband and V CAST. As the carrier with America's largest and most reliable wireless network, Verizon Wireless cell sites in Ohio provide 3G wireless data connectivity.

    Engineering America's Most Reliable Wireless Network

    The company's 'America's most reliable wireless network' reputation is based on network studies performed by test men and test women throughout the country. By traversing more than one million miles annually on Interstate, U.S. and state highways, as well as major roads and surface streets in high-population areas-the equivalent of two roundtrips to the moon or 40 trips around the world-the test men and women confirm that voice calls and data connections are successful on the first attempt and stay connected. Vehicles are equipped with computers that automatically make more than 3.5 million voice call attempts and more than 19 million data tests annually on Verizon Wireless' network and the networks of other carriers.

    For Verizon Wireless Updates on Twitter

    Stay in the know about Verizon Wireless news in Ohio by following @VZWlaura on Twitter at http://twitter.com/vzwlaura. For the latest network-related news, information and upgrades, follow @VZWNetwork on Twitter at http://twitter.com/VZWNetwork.

    About Verizon Wireless

    Verizon Wireless operates the nation's fastest, most advanced 4G network and largest, most reliable 3G network. The company serves 106.3 million total wireless connections, including 89.7 million retail customers. Headquartered in Basking Ridge, N.J., with 83,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications and Vodafone . For more information, visit www.verizonwireless.com. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at www.verizonwireless.com/multimedia.

    Verizon Wireless

    CONTACT: Laura Merritt of Verizon Wireless, +1-614-345-3210,
    laura.merritt@verizonwireless.com, http://twitter.com/VZWlaura, or Chris
    Demeropolis For Verizon Wireless, +1-513-271-7222 ext. 25,
    cdemeropolis@wordsworthweb.com

    Web site: http://www.verizonwireless.com/




    Millennium HealthCare Inc. Engages KBL, LLP

    SYOSSET, N.Y., Aug. 15, 2011 /PRNewswire/ -- Millennium HealthCare Inc. announced today that it has engaged KBL, LLP, a Public Company Accounting Oversight Board (PCAOB) accounting firm as the Company's accountant and advisor.

    KBL, LLP provides a combination of technology, intellectual capital and experience with a focus on emerging businesses. Their professionals maintain an entrepreneurial spirit and a reputation for excellence. The Company looks forward to working with their firm in growing the business.

    KBL, LLP is a leading professional services firm providing accounting, tax and business consulting services to emerging small to mid cap public companies and privately owned businesses.

    (www.kbl.com)

    About Millennium HealthCare Inc.

    Millennium HealthCare Inc. provides healthcare facilities of all sizes with the information and tools to identify and resolve operational cost inefficiencies, patient safety compliance and cash-flow enhancement strategies through our subsidiaries listed below:

    Millennium Coding & Billing Inc. offers all aspects of medical diagnosis and procedure coding and training for ICD-10. Our Clinical Documentation Improvement Program Services include concurrent and retrospective CDI Reviews, DRG Validation Services and secure remote and on-site coding.

    Millennium ProComm Solutions Inc. provides 24 hour/365 day HIPAA compliant full service call processing for healthcare providers.

    Millennium Medical Devices LLC provides devices that focus on safety and efficacy for patients and health care professionals.

    (www.millenniumhcs.com)

    Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

    Certain written and oral statements made by us may constitute "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 (the "Reform Act"). Forward-looking statements are identified by such words and phrases as "we expect," "expected to," "estimates," "estimated," "current outlook," "we look forward to," "would equate to," "projects," "projections," "projected to be," "anticipates," "anticipated," "we believe," "could be," and other similar phrases. All statements addressing operating performance, events, or developments that we expect or anticipate will occur in the future, including statements relating to revenue growth, earnings, earnings-per-share growth, or similar projections, are forward-looking statements within the meaning of the Reform Act. Because they are forward-looking, they should be evaluated in light of important risk factors that could cause our actual results to differ materially from our anticipated results. The information provided in this document is based upon the facts and circumstances known at this time. We undertake no obligation to update these forward-looking statements after the date of this release.

    Millennium HealthCare Inc.

    CONTACT: Tony Johnson, investor@millenniumhcs.com, +1-516 628-5500

    Web site: http://www.millenniumhcs.com/




    Trend Micro Updates Web Gateway Security for Broader, "Beyond the Browser" Control Over Cloud-Based Applications

    CUPERTINO, Calif., Aug. 15, 2011 /PRNewswire/ -- Trend Micro Incorporated , a global cloud security leader, today announced the latest release of the company's web gateway solution, which now delivers even greater visibility and control over the growing use of cloud-based applications such as instant messaging, peer-to-peer, video and audio applications, and web mail.

    Trend Micro(TM) InterScan(TM) Web Security 5.5 provides superior protection against Internet threats, while reducing costs through datacenter consolidation by supporting bare-metal, VMware(R) Ready and Microsoft(R) Hyper-V(R) virtual appliances. It works alongside the Advanced Reporting and Management module, a separate, but essential, component that provides centralized real-time network traffic visibility, drill-down historical reporting, and policy management.

    Key new features found in the Trend Micro InterScan Web Security 5.5 release include:

    --  Application Control: This provides greater visibility into and control
    over an organization's Internet usage. It automates the discovery and
    bandwidth usage of over 420 Internet-based protocols and the thousands
    of client applications that leverage them. Administrators can understand
    which users' traffic needs to be controlled per application type and
    then create rules to enforce those policies. Unlike most web gateway
    products which can only apply policies to the traffic they can proxy,
    InterScan Web Security provides total visibility across all ports and
    many more protocols.
    --  HTTP Inspection: This provides more granular control to protect against
    emerging web threats by allowing administrators to identify behavior and
    filter web traffic according to any characteristic of the HTTP protocol.
    Administrators can leverage supplied policy templates to control things
    like:
    --  whether users can post content to social networking sites;
    --  whether users can send specific attachment types in public webmail
    applications; and
    --  which browsers/versions can be used to access the Internet.
    

    In addition, administrators can easily capture sample traffic from within the product and create custom filters to enforce any policy they might need.

    --  URL Filtering: In addition to the Allow, Block, Monitor, and Warn
    actions available for URL Filtering policies, several enhancements are
    included in the 5.5 release, including:
    --  Time-based Quotas: This allows administrators to define the total
    allowable browsing time within work/leisure hours that users can
    visit specific sites or categories of sites. Temporary time
    extensions can be granted as needed.
    --  Password Override: This allows administrator-defined users to
    override the block action by typing a password in their browser to
    allow one-time access.
    

    Supporting quotes:

    Gabriel de Freitas Braga Castello Branco, security analyst, Real Protect Information Security

    "We really like the new features in the latest release of InterScan Web Security. The application control capabilities give us great visibility, so we can discover any of over hundreds of Internet applications on our customers' networks."

    Jay Jensen, Chief Information Officer, director of IT, Sierra RV Corporation

    "With in-the-cloud threat protection, InterScan Web Security stops threats on the web and only brings in content from sites that are deemed safe. This is a much better strategy for security."

    John Maddison, GM of data center security, Trend Micro

    "Employee-use of cloud-based Web 2.0 applications is standard for many organizations and, as a result, it exposes their organization to cybercriminals attempting to gain access to sensitive data. Trend Micro InterScan Web Security gives organizations visibility into the Internet-based applications employees use and also secures that usage by blocking unwanted or unsafe content at the network perimeter. It's powered by the Trend Micro(TM) Smart Protection Network(TM) infrastructure, which means customers are getting the superior protection that comes from a cloud-client innovation which combines sophisticated cloud-based reputation technology, feedback loops, and the expertise of TrendLabs(SM) researchers to deliver real-time protection from emerging threats."

    Supporting assets:

    Trend Micro InterScan Web Security press presentation

    Trend Micro InterScan Web Security product landing page.

    Understand how the Advanced Reporting and Management module can complement Trend Micro InterScan Web Security here.

    "Cost Advantages of Virtual Security Appliances." Download the whitepaper here.

    North American Pricing & Availability:

    Trend Micro InterScan Web Security 5.5 is available August 15. Pricing varies by seat count and decreases with volume. For the 2001-5000 seat level, Trend Micro InterScan Web Security license price for new customers is $17.98 per user, with a 3 year cost being $28.77 per user.

    About Trend Micro

    Trend Micro Incorporated , a global cloud security leader, creates a world safe for exchanging digital information with its Internet content security and threat management solutions for businesses and consumers. A pioneer in server security with over 20 years' experience, we deliver top-ranked client, server and cloud-based security that fits our customers' and partners' needs, stops new threats faster, and protects data in physical, virtualized and cloud environments. Powered by the industry-leading Trend Micro(TM) Smart Protection Network(TM) cloud security infrastructure, our products and services stop threats where they emerge - from the Internet. They are supported by 1,000+ threat intelligence experts around the globe.

    Additional information about Trend Micro Incorporated and the products and services are available at Trend Micro.com. This Trend Micro news release and other announcements are available at http://trendmicro.mediaroom.com/ and as part of an RSS feed at www.trendmicro.com/rss. Or follow our news on Twitter at @TrendMicro.

    Trend Micro Incorporated

    CONTACT: Vivian Shic, Vivian_shic@trendmicro.com, +1-925-323-9382

    Web site: http://www.trendmicro.com/




    Garb Oil & Power Corp. Boost Earning Opportunities as Commodity Prices Soar.Each processed phone offers gold and platinum. High commodity prices make recycling attractive.

    SALT LAKE CITY, Aug. 15, 2011 /PRNewswire/ -- Garb Oil & Power Corporation (OTCQB: GARB.PINK) Computers, mobile phones and cars are the mines of the throwaway society. A mobile phone virtually contains the entire periodic table. In addition to common industrial metals such as copper and aluminum, the Company stated that electronic waste includes gold and rare metals such as gallium and germanium. Already, there is a global competition for high-quality waste.

    The Florida plant will have 25,000 metric tons input and produce output in Copper, Aluminum, Alloys and Plastic. Once operational the plant will provide estimated revenues in excess of $15,000,000 and EBITA in excess of $8,400,000 per year of operation starting from 2013. All raw materials will be on sold in the States for local processing. It is planned to have the plant operational by September 2012, with testing and commissioning occurring between July and August 2012.

    According to Garb management, high commodity prices are driving a combination of business interest and an increased desire to keep E-Waste from entering land fills. The volume imports of raw materials increased from 54 to 127 billion euros in Germany, according to a report from the Federal Institute for raw materials. In particular, the so-called technologies of the future are raw eaters. Each wind turbine contains up to eight tons of copper, and the construction of an electric vehicle requires about 100 pounds, which is approximately twice as much as conventional midsize cars.

    Garb Oil & Power Corporation is dedicated to the application of ClosedCycle(TM) principle and NoWaste(TM) residue. Our plants for Rubber Recycling, E-Waste and E-Scrap Recycling, Waste to Energy and OTR processing plants are all developed with these principles in mind. Garb believes that processing waste should be economically viable and leave NoWaste(TM). It is our endeavor to build plants that continue to push the boundaries for the attainment of the ClosedCycle (TM) principles and a world with NoWaste(TM).

    Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995. Statements contained in this document that are not historical fact, are forward-looking statements based upon management's current expectations. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. The results anticipated by any or all of these forward-looking statements may not occur. Garb-Oil & Power Corporation is not required to update its forward-looking statements.

    Garb Oil & Power Corporation
    +1-801-738-1355 Office
    John Rossi President & CEO
    Email: info@garbmail.com
    Websites: www.garbop.com

    Garb Oil & Power Corporation

    Web site: http://www.garbop.com/




    Applied Minerals, Inc. Announces the Launch of Its Updated Corporate Website

    NEW YORK, Aug. 15, 2011 /PRNewswire/ -- Applied Minerals, Inc. (the "Company") is pleased to announce the launch of its updated corporate website located at www.appliedminerals.com. Over the last three years, as the Company has made significant investment to become a leading global producer and application developer of halloysite clay products, it has also focused significant effort on the development of a corporate website that, in our opinion, will become the premier source of halloysite clay-based commercial application information for researchers and developers from around the world. We believe the updated corporate website will not only help accelerate the development of applications utilizing the Company's Dragonite(TM) line of halloysite clay products but will also serve as a powerful educational tool for investors who want to obtain a more in-depth understanding of our products and the functionality they provide to a wide range of commercial applications.

    About Applied Minerals, Inc.

    Applied Minerals, Inc. is a leading global producer of Halloysite Clay from its wholly-owned Dragon Mine property located in Eureka, Utah. Halloysite is an aluminosilicate clay that forms naturally occurring nanotubes. In addition to serving the traditional Halloysite markets for use in technical ceramics and catalytic applications, the Company has targeted applications that benefit from the tubular morphology of its Halloysite. These include: carriers of active ingredients in paints, coatings and building materials, agricultural applications and high-performance functional fillers in polymer composites.

    Statements in this press release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, and involve a number of significant risks and uncertainties that could cause actual results to differ materially from those projected, anticipated, expected or implied.

    Contact:
    Rubenstein Investor Relations
    Tim Clemensen
    Phone: 212-843-9337
    Email: tclemensen@rubensteinir.com

    Applied Minerals, Inc.

    Web site: http://www.appliedminerals.com/




    Environmental Tectonics Corporation Announces the Expansion of its Board of DirectorsRoger Colley Appointed as a Member

    SOUTHAMPTON, Pa., Aug. 15, 2011 /PRNewswire/ -- Environmental Tectonics Corporation ("ETC") today announced the appointment of Roger Colley to its Board of Directors. Mr. Colley brings the total of ETC Board members to seven.

    Mr. Colley is a graduate of the Wharton School of the University of Pennsylvania and the former president of two public environmental companies, both regarded as technical leaders in their respective fields. He also served for fifteen years as a trustee of the Children's Hospital of Philadelphia. He is a certified public accountant and a member of the American Institute of Certified Public Accountants.

    William F. Mitchell, ETC's Chairman and President, stated, "I am very pleased that Roger has agreed to join our Board of Directors. With his experience as an entrepreneur and his management and financial background, Roger will be invaluable in helping ETC promote and grow our tactical flight simulation and Advanced Disaster Management Simulator businesses."

    About Environmental Tectonics Corporation:

    ETC designs, manufactures and sells software driven products and services used to recreate and monitor the physiological effects of motion on humans and equipment and to control, modify, simulate and measure environmental conditions. These products include aircrew training systems (aeromedical, tactical combat and general), disaster management systems, sterilizers (steam and gas), environmental testing products and hyperbaric chambers and other products and services that involve similar manufacturing techniques and engineering technologies. ETC's unique ability to offer complete systems, designed and produced to high technical standards, sets it apart from its competition. ETC is headquartered in Southampton, PA. For more information about ETC, visit http://www.etcusa.com/.

    Forward-looking Statements:

    This press release contains forward-looking statements, which are based on management's current expectations and are subject to uncertainties and changes in circumstances. Words and expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. The Company's actual results could differ materially from those anticipated in forward-looking statements as a result of a variety of factors, including those discussed in "Risk Factors" included in the Company's most-recent Annual Report on Form 10-K filed with the United States Securities and Exchange Commission. We caution you not to place undue reliance on these forward-looking statements.

    CONTACT: Bob Laurent, CFO Tel: 215-355-9100 (Ext. 1550) Fax: 215-357-4000 http://www.etcusa.com

    Environmental Tectonics Corporation

    Web site: http://www.etcusa.com/




    Motorola Mobility Reveals Motorola DEFY(TM)+It's faster, smarter and richer - Motorola DEFY+ is now equipped with faster Web-browsing and the social networking tools you crave to stay connected wherever you go

    LIBERTYVILLE, Ill., Aug 15, 2011 /PRNewswire/ -- Live life to the fullest with the latest life proof smartphone from Motorola Mobility, Inc., Motorola DEFY(TM)+. Building on the Motorola DEFY's life proof heritage, Motorola DEFY+ offers exceptional protection from whatever life throws your way with its water resistant, scratch resistant and dust proof design (IP67). In addition, Motorola DEFY+ has a 1GHz processor that runs 25 percent faster and is more fun with the latest version of Android(TM) 2.3 (Gingerbread) delivering a smarter operating system and better battery life to fully enjoy your experiences. Motorola DEFY+ will be available in Asia, Europe and Latin America starting in early fall.

    Water resistant, dust proof, and featuring scratch resistant Corning(R) Gorilla(R) Glass, Motorola DEFY+ can survive a sudden rain shower, a day on the beach, an all-night party - or even a tough workout with the pre-loaded CardioTrainer application, which transforms the device into the perfect running mate. Its brilliant 3.7-inch high-resolution touch-screen display enables you to easily view and track your workout progress. Wherever your days - or nights - take you, Motorola DEFY+ is the life proof device that can keep up with your toughest demands and wildest adventures.

    Motorola DEFY+ is faster than ever, keeping up with your on-the-go lifestyles so you can effortlessly browse the Web, stay updated with social networking sites on your home screens and stream and download rich media content more quickly than before. Motorola DEFY+ offers an Adobe(R) Flash(R) 10-enabled browser for a rich web experience that allows users to watch their favorite movies or view videos on the Web.

    Powered by Android 2.3 (Gingerbread), Motorola DEFY+ is smarter than ever. This new version of Android boasts a better battery life, a more intuitive user interface and improvements on the features you use most - including enhanced calendar and email features and home screen options. Users can make Motorola DEFY+ their own by organizing and personalizing their Application trays for easy and quick access to their most used tools, games and content.

    Boredom proof your life; the richest experiences in entertainment and social media are always within reach with Motorola DEFY+. The Music Player lets you access and share your favorite music. You can also stream your favorite music straight from your desktops at home or work, with Motorola Media Link. Motorola DEFY+ also features Google Talk(TM) to keep you connected with friends and colleagues, while built in apps like the *Zinio(TM) e-magazine service allow you to keep up with favorite publications on-the-go. Entertainment doesn't stop there: Motorola DEFY+ also features a 5MP camera with flash, digital zoom and auto focus, letting users capture the best of their social life and create their very own entertainment whatever the conditions.

    "Motorola DEFY+, our latest life proof smartphone, delivers the endurance and design strength to keep up with even the most demanding lifestyles, along with the social and entertainment capabilities that put friends and fun in easy reach," said Alain Mutricy, senior vice president, portfolio and device product management, Motorola Mobility. "We designed Motorola DEFY+ with all the smartphone features you need for a demanding lifestyle."

    Smart Accessories

    A suite of smart accessories ensures users get the most from the Motorola DEFY+. Available accessories include Vehicle Dock, Bluetooth Headset, Bluetooth Car Kit, Portable Power, and Car Charger.

    Key Features and Specifications:

    --  Powered by Android 2.3 (Gingerbread) and features more than 250,000 apps
    from Android Market(TM)
    --  1GHz processor that runs 25 percent faster for efficient Web browsing
    and multitasking
    --  Water resistant, scratch resistant and dust proof to withstand all that
    life throws your way
    --  Features scratch resistant Corning Gorilla Glass
    --  3.7-inch high-resolution touch screen display
    --  Music Player connects you to all your favorite artists
    --  MOTOBLUR lets users stay in touch with friends, providing quick access
    to social media accounts and live widgets directly from the home screen
    --  Motorola Media Link allows users to sync their media content from their
    desktops at home or work
    --  Loaded with the ability to create group emails and communication to stay
    in touch with friends
    --  Adobe Flash Player 10 for uncompromised viewing of applications, content
    and videos
    --  5MP camera with auto focus, flash and digital zoom
    --  2GB internal; *2GB microSD card in box, expandable up to 32GB
    --  Access to Google(TM) Apps (Google Maps(TM) 5.0 with Navigation, Google
    Talk(TM), Browsing)
    --  1700mAH battery for 7.1 hours of talk time and 16 days in standby
    

    Availability

    Motorola DEFY+ will be available in Asia, Europe and Latin America starting in early fall.

    About Motorola Mobility

    Motorola Mobility, Inc. fuses innovative technology with human insights to create experiences that simplify, connect and enrich people's lives. Our portfolio includes converged mobile devices such as smartphones and tablets; wireless accessories; end-to-end video and data delivery; and management solutions, including set-tops and data-access devices. For more information, please visit: www.motorola.com/mobility.

    Media Contacts:

    Christa Smith858-404-2990christasmith@motorola.comMotorola Mobility, Inc.

    *Certain features, services and applications are regional and network dependent and may not be available in all areas; additional terms, conditions and/or charges may apply. All features, functionality and other product specifications are subject to change without notice or obligation.

    All talk and standby times are quoted in Digital Mode, and are approximate. Battery performance depends on network configuration, signal strength, operating temperature, features selected, and voice, data and other application usage patterns.

    MOTOROLA and the Stylized M Logo are trademarks or registered trademarks of Motorola Trademark Holdings, LLC. MOTOBLUR logo is a trademark of Motorola. Android, Google, Google Search, Google Maps, Gmail, Gtalk Android Market are trademarks of Google, Inc. All other trademarks are the property of their respective owners. (C) 2011 Motorola Mobility, Inc. All rights reserved.

    Photo: http://photos.prnewswire.com/prnh/20020307/MOTLOGO
    PRN Photo Desk, photodesk@prnewswire.com Motorola Mobility Holdings, Inc.

    Web site: http://www.motorola.com/mobility/




    Share Buyback Program: Telecomunicacoes de Sao Paulo S.A. - Telesp

    SAO PAULO, Aug. 15, 2011 /PRNewswire/ -- Telesp - , announces its Share Buyback Program.

    The management of Telecomunicacoes de Sao Paulo S.A. - Telesp ("Telesp") announce, in accordance with article 2, XV of CVM Instructions Nr. 358/02 as amended, that on this date the members of the Company's Board of Directors approved, in accordance with article 17, item XV of Bylaws, the acquisition of Telesp shares by the Company to be held in treasury and subsequent disposal or cancellation, as pursuant in CVM Instruction Nr. 10/80 as amended, as follows:

    (i) Program Objective: acquisition of common shares issued by the Company to be held in treasury and subsequent disposal and/or cancellation, without reduction in the capital stock, for the purpose of increasing shareholder value;

    (ii) Resources: The repurchases will be effected through the use of part of existing capital reserve on June 30, 2011, except the reserves referred in Article 7 subsection (a) to (d) of CVM Instruction Nr. 10/80;

    (iii) Deadline: Beginning from the deliberation date of the Board of Directors, remaining in force until October 20, 2011, being the acquisitions realized in BM&FBOVESPA at market prices and as responsibility of the Board to decide the moment and quantity of shares to be acquired, whether in a single operation, whether in a series of operations, within legal limits;

    (iv) Quantity of Shares to be acquired: until a maximum of 2,900,000 (two million nine hundred thousand) common shares, which account for less than 10% of the outstanding shares on this date;

    (v) Quantity of Outstanding Shares: 31,249,000 common shares, without considering the shares held by controllers shareholders; and

    (vi) Intermediary Financial Institutions: the operation will be realized through the following broker: Bradesco Corretora S.A. CTVM, headquarter at Avenida Paulista, 1.450 / 7th floor - Sao Paulo/SP.

    Sao Paulo, August 15, 2011.

    Gilmar Roberto Pereira Camurra
    Investors Relations' Officer
    Telecomunicacoes de Sao Paulo S.A. - Telesp

    Telesp - Investors Relations Office
    Tel.: +55 11 3549 7200
    Email: ri.telefonicabr@telefonica.com.br
    Information available: www.telefonica.com.br

    Telecomunicacoes de Sao Paulo S.A. - Telesp

    Web site: http://www.telefonica.com.br/




    VoX Communications to Distribute Android Internet Calling App to the Google Android MarketVOX TO VOX FREE CALLS AVAILABLE for approximately 50 MILLION ANDROID PHONES ON 3G, 4G or WI-FI

    WHITE PLAINS, N.Y., Aug. 15, 2011 /PRNewswire/ -- Pervasip Corp. (OTCQB:PVSP) announced that its wholly owned subsidiary, VoX Communications, a leading provider of wholesale Voice over Internet Protocol (VoIP) telephone services and smartphone applications, has developed a mobile VoIP App for use on all Android mobile phones.

    Pervasip's Chief Information Officer, Mark Richards, noted, "We are very excited about being able to deliver a mobile VoIP app via Google's incredibly popular Android Market. We believe that this venue will give our VoIP services unprecedented exposure, as this App will be available to over 50 million Android smart phones in the U.S. alone."

    Until recently, VoX had relied on other companies, fring and Nimbuzz, to deliver its mobile VoIP application to an Android device. Now, a consumer can install a VoX app directly on an Android tablet or smart phone in an easy download. VoX is working to automate this download so that it can be purchased anywhere in the world from mobile VoIP app websites.

    Richards continued, "The application is very sophisticated and contains several features that gives us an advantage over other apps, such as Skype. For instance, VoX becomes available in the phone's primary dialer with a single touch and you do not have to sign in every time, as the Skype App makes you do. With our app you can also set it to automatically register with VoX when Wi-Fi is turned on, or keep it registered for 3G, 4G and Wi-Fi. It can also be set up to only register when a call is made, or all the time, for people that want to maximize battery life and not keep apps running. We believe we can add video calling to this product by the end of the year and enable video calling between an Android phone and an Ojo Vision video phone. As a nimble development technology company, we intend to produce a tablet video app that brings a product superior to Facetime to the Android Market."

    A VoX subscriber can subscribe entirely on the phone and choose a U.S. number without leaving the interface, which makes the sign up process more elegant than many competitors. The mobile VoIP plans start at $4.95, which is a low cost of entry for a high quality and reliable VoIP service offering. VoX also offers 500 minutes for $9.95, which is less expensive than Skype, and $29.95 for unlimited calling to the U.S., Canada and Puerto Rico.

    "With ability to update plans we intend to be creative with target audiences that are looking for fixed blocks of calls for a fixed amount rather than a monthly fee that people don't always use. This new interface enables us to tailor the plans offered so that we could even offer a $1 plan that only depletes a consumer's cash balance when calls are made. We intend to offer similar creative calling plans to those offered recently by Vonage and also intend to offer them at competitive prices," added Richards.

    The company expects to release the app to the Android Market within 30 days.

    About Pervasip

    Pervasip delivers VoIP telephone services for the residential and small business markets. Pervasip differentiates itself through a unique combination of high quality voice services, flexible back-office capabilities and automated provisioning systems. It recently entered the mobile VoIP services and applications arena, which is expected to approach 300 million users by 2013. It offers a feature-rich, low-cost, high-quality alternative to traditional phone services. For more information, please visit www.voxcorp.net.

    The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

    PERVASIP: Paul H. Riss CEO Ph: 212-404-7633 phriss@pervasip.com

    Pervasip Corp.

    Web site: http://www.voxcorp.net/




    97% of University of Maryland-Baltimore Dental Students Say Mediasite Makes Learning EasierSchool completes four year study demonstrating the positive impact of Mediasite lecture capture on student outcomes

    MADISON, Wis., Aug. 15, 2011 /PRNewswire/ -- Sonic Foundry, Inc. , the recognized market leader for lecture capture chosen by more than 900 colleges and universities, announced new independent survey results from the University of Maryland-Baltimore Dental School demonstrating the positive impact of Mediasite on student outcomes.

    A Mediasite campus since 2006, the school compiled several years of student surveys after amassing five-thousand captures with half a million views. The latest results come from feedback by 118 graduating seniors. Dr. James Craig, professor in the Department of Health Promotion and Policy and an educational consultant in the Office of Information Technology, shared his work in a recent webinar, Evaluating Lecture Capture's Impact on Student Outcomes, which can be viewed at http://sofo.com/ada52.

    Student survey results reveal:

    --  97% felt Mediasite made it easier to learn
    --  73% used a combination of in-class lectures and Mediasite to enhance
    their studies
    --  98% indicated they watched most or all of the lectures online
    --  40% said Mediasite helped them prepare for the boards
    --  50% agreed or strongly agreed that lecture capture attracted them to the
    Dental School
    --  74% would recommend the dental school to potential students because of
    Mediasite
    --  95% expressed satisfaction with Mediasite
    

    When the dental school constructed a new building five years ago, the plan was to have each room equipped with modern academic technologies that would provide access to education 24/7. Dean Christian S. Stohler's priority was to have every lecture in the program streamed live, archived and made available to students.

    The school explored and compared several lecture capture systems, but ultimately they looked within the University of Maryland system for guidance. The A. James Clark School of Engineering on the College Park campus had been successfully using Mediasite and had conducted its own thorough investigative study on lecture capture systems.

    "We visited and talked to them about how their students felt about the technology, how their technical people felt, and came away feeling very comfortable with the decision to go with Mediasite," said Craig.

    At the dental school, lecture halls are equipped with Crestron control systems, cameras in the front and back of the rooms, lavaliere mics and Mediasite for webcasting lectures. A technician in a control room remotely manages lecture capture and provides support for faculty as needed.

    "Typical course offerings are very intense and highly visual," said Dr. Craig. "Each student needs to have a front row seat. Using Mediasite our students end up sitting at the equivalent of an actual dental chair, and we are able to stream clinical demonstrations right to their specific locations."

    Laboratory demonstrations are also streamed with a Mediasite ML Recorder connected to a microscope. As a faculty member demonstrates cutting a tooth preparation, the procedure is captured and streamed to every student's personal workstation.

    "The advantage is once the demonstration is complete the students have the benefit of having the faculty member, who has just finished doing the demonstration, walking around in their area offering personal assistance. They can stop and go back into the lecture capture to a point that's important to them, and have the faculty member or one of his colleagues right there to answer their questions," said Dr. Craig.

    "A growing body of evidence points to the efficacy of lecture-capture technology on student outcomes. With almost 1000 colleges and universities now capturing lectures with Mediasite, there's unprecedented collaboration taking place between educators and technologist; academic leadership, faculty, educational technology leaders and Mediasite IT and AV professionals are working together to identify and share what works in lecture capture," said Gary Weis, CEO of Sonic Foundry.

    To learn more about other independent research on lecture capture's impact on retention, recruitment and student satisfaction visit http://sofo.com/b9378.

    About Sonic Foundry(R), Inc.

    Sonic Foundry is the global leader for rich media webcasting and knowledge management, providing enterprise communication solutions for education, business and government. Powered by Mediasite, the patented webcasting platform which automates the capture, management, delivery and search of lectures, online training and briefings, Sonic Foundry empowers people to transform the way they communicate. Through the Mediasite platform and its Event Services group, the company helps customers connect a dynamic, evolving world of shared knowledge and envisions a future where learners and workers around the globe use webcasting to bridge time and distance, accelerate research and improve performance. Product and service names mentioned herein are the trademarks of Sonic Foundry, Inc. or their respective owners.

    Certain statements contained in this news release regarding matters that are not historical facts may be forward-looking statements. Because such forward-looking statements include risks and uncertainties, actual results may differ materially from those expressed in or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, uncertainties pertaining to continued market acceptance for Sonic Foundry's products, its ability to succeed in capturing significant revenues from media services and/or systems, the effect of new competitors in its market, integration of acquired business and other risk factors identified from time to time in its filings with the Securities and Exchange Commission.

    Sonic Foundry, Inc.

    CONTACT: Tammy Kramer of Sonic Foundry, Inc., +1-608-237-8592,
    tammyk@sonicfoundry.com

    Web site: http://www.sonicfoundry.com/




    NI Technology Previews Earnings for Towerstream, Analog Devices, Dell, International Rectifier, and JDS Uniphase

    PRINCETON, N.J., Aug. 15, 2011 /PRNewswire/ -- Next Inning Technology Research (http://www.nextinning.com), an online investment newsletter focused on semiconductor and technology stocks, has published updated outlooks for Towerstream , Analog Devices , Dell , International Rectifier , and JDS Uniphase .

    Next Inning editor Paul McWilliams has leveraged a decades-long career as a semiconductor industry insider to deliver in-depth insights and winning stock selections for his newsletter subscribers. McWilliams' Next Inning model portfolio has posted huge gains, returning 250% since its inception in 2002, and he has been picking more potential big winners for 2011.

    McWilliams has been right on target this year with his predictions on the direction of the market. From the spring sell-off to the June rebound to the slump in July and the turmoil in August, McWilliams has stayed one step ahead of the markets with timely reports that have allowed Next Inning subscribers to properly allocate their investments and hedge against risk in a volatile atmosphere. As McWilliams predicted prior to the passage of the budget bill in Congress, S&P downgraded U.S. debt and a sell-off in the wake of the deal has come to pass. In addition, according to McWilliams, there are specific catalysts investors need to watch for to time the next inflection point.

    With investors extremely uncertain about the direction of the market, Next Inning has just published an extensive strategy review advising investors on the best strategy for the current market turmoil. In addition, Next Inning subscribers will receive McWilliams' highly acclaimed earnings previews and his State of Tech series, offering in-depth, sector-by-sector coverage of over 65 leading tech companies.

    Trial subscribers will also receive real-time trade alerts, daily updates, and frequent, new investing ideas.

    To take advantage of this offer and receive these reports for free, please visit the following link:

    https://www.nextinning.com/subscribe/index.php?refer=prn1264

    McWilliams covers these topics and more in his recent reports:

    -- What do Towerstream investors need to know about the possibility that the company will sign a wifi offload deal with Verizon or AT&T? Is Towerstream still a good investment based on the company's underlying business even if a wifi offload deal doesn't materialize?

    -- What sets Analog Devices apart from other companies in the analog and mixed-signal semiconductor sector? What are the five key catalysts for Analog Devices going forward? Is Analog Devices trading at a bargain price based on McWilliams' in depth valuation analysis?

    -- Does Dell have the potential to hit the low $20s in the next six to nine months despite a more cautious outlook for U.S. PC sales? Has Dell been successful in reinventing itself as an "ecosystem" firm like IBM?

    -- What factors have driven the International Rectifier turnaround story? Has the recent pullback in the stock given investors a buying opportunity? What is McWilliams' fair value range for International Rectifier and how much upside does it represent from current prices? Could the stock hit $40 in early 2012?

    -- What are the potential upsides that could emerge from JDS Uniphase's upcoming earnings report? What wildcards do investors need to be aware of? What is McWilliams' fair value range for JDS Uniphase and how much upside does it represent from current prices?

    Founded in September 2002, Next Inning's model portfolio has returned 250% since its inception versus 30% for the S&P 500.

    About Next Inning:

    Next Inning is a subscription-based investment newsletter that provides regular coverage on more than 150 technology and semiconductor stocks. Subscribers receive intra-day analysis, commentary and recommendations, as well as access to monthly semiconductor sales analysis, regular Special Reports, and the Next Inning model portfolio. Editor Paul McWilliams is a 30+ year semiconductor industry veteran.

    NOTE: This release was published by Indie Research Advisors, LLC, a registered investment advisor with CRD #131926. Interested parties may visit adviserinfo.sec.gov for additional information. Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.

    CONTACT: Marcia Martin, Next Inning Technology Research, +1-888-278-5515

    Indie Research Advisors, LLC

    Web site: http://www.nextinning.com/




    More Than 70 Percent of Adults Feel Banks' Most Important Focus Should Be on Electronic Banking Security, Zogby Survey FindsNearly 80 Percent Would be Willing to Sacrifice Some Convenience and Provide Additional Authentication Online

    MCLEAN, Va., Aug. 15, 2011 /PRNewswire/ -- A Zogby Interactive survey of U.S. adults found consumers rate the security of their electronic banking transactions and financial data as being more important than any other banking service; and nearly eight in 10 would forego speed of use for added security when it comes to online banking.

    To view the multimedia assets associated with this release, please click: http://www.prnewswire.com/news-releases/more-than-70-percent-of-adults-feel-banks-most-important-focus-should-be-on-electronic-banking-security-zogby-survey-finds-127597578.html

    The survey, commissioned by Booz Allen Hamilton underscores important consumer security expectations for banking and investment institutions that manage their personal finances. This month, Booz Allen Hamilton inaugurated an extension of its government consulting practice further into the commercial consulting arena, following the expiration of a non-compete agreement with the business it spun off three years ago, known as Booz & Co. Booz Allen is focusing its initial commercial consulting efforts on providing cyber-related services for the financial, health care and energy markets and in select locations in the Middle East.

    Specifics of the July 2011 Zogby survey, which polled 2,160 U.S. adults, include the following:

    --  78 percent of consumers would be willing to sacrifice some convenience
    and provide an additional level of authentication online (something in
    addition to a password) before accessing their bank or investment
    account if the process provided greater security.
    --  66 percent of consumers said they believe banks -- not government -- are
    "most responsible" for securing customers' financial assets.
    --  42 percent of consumers said they would be "likely" or "very likely" to
    switch banks in the wake of a cyber security hacking involving their
    bank.
    --  20 percent of consumers said they have used a mobile device to access a
    bank or retirement account in the last month, but those 18-34 years old
    are almost twice as likely to use a mobile device as those between 35
    and 69 years old.
    --  21 percent of consumers said news of recent financial information
    security breaches have caused them to change the way they access bank or
    retirement accounts or interact with financial institutions. Those
    between 35 and 69 years old are nearly three times as likely to have
    changed their behavior as those between 18 and 34 years old.
    

    "This survey shows, when it comes to online banking, people value security over speed, and that they are holding their banks and investment institutions responsible for the safety of their electronic banking transactions and financial data," said Bill Wansley, Senior Vice President. "It's clear that consumers are aware, concerned and reacting to this spectre of cyber attacks in the realm of their personal finances."

    "Banking and investment institutions face attempted attacks every day from persistent cyber hackers, and the ability to prevent intrusions and immediately respond to any successful attack is critical for the stability of financial institutions," Wansley said. "Additionally, the use of mobile devices for banking, particularly among young people, is growing, and the uncertainty of security issues related to mobile devices is another driving factor in the need for institutions to rethink and update their approach to data security."

    About Booz Allen Hamilton

    Booz Allen Hamilton is a leading provider of management and technology consulting services to the U.S. government in defense, intelligence, and civil markets, and to major corporations, institutions, and not-for-profit organizations. Booz Allen is headquartered in McLean, Virginia, employs more than 25,000 people, and had revenue of $5.59 billion for the 12 months ended March 31, 2011 .

    CONTACT:James Fisher703-377-7595fisher_james_w@bah.com

    Related Links:

    Booz Allen Commercial Finance Consulting Services

    Video: http://www.prnewswire.com/news-releases/more-than-70-percent-of-adults-feel-banks-most-important-focus-should-be-on-electronic-banking-security-zogby-survey-finds-127597578.html Booz Allen Hamilton

    Web site: http://www.bah.com/




    Seth MacFarlane is Better Than Words on EPIXSwingin' in Concert Premieres September 24th on EPIX, EpixHD.com

    NEW YORK, Aug. 15, 2011 /PRNewswire/ -- EPIX, the premium entertainment channel, video-on-demand and online service will take subscribers back in time with the Seth MacFarlane (concert) musical experience this fall. Premiering September 24th on EPIX and EpixHD.com, the sold-out live performance of his upcoming album Music is Better than Words was shot with special guest Sara Bareilles at the ultra-hip Club Nokia in Los Angeles.

    To view the multimedia assets associated with this release, please click: http://www.multivu.com/mnr/51644-epix-seth-macfarlane-music-is-better-than-words

    (Photo: http://photos.prnewswire.com/prnh/20110815/MM49455)

    The Emmy Award-winning, multitalented MacFarlane, known for creating "Family Guy," pulls out all the stops to duplicate the atmosphere in which Ol' Blue Eyes, Frank Sinatra, flourished. His new album is a crisp sounding orchestral/big band record that features MacFarlane singing some of the hidden musical gems of the '40s and '50s. Introducing this rich sound and classic integrity to a new audience, the album features duets with beloved artists Norah Jones and Sara Bareilles, and was arranged, conducted, and produced by accomplished film and television composer Joel McNeely, who conducted the orchestra at the event. In the live performance, MacFarlane utilizes multi-track audio for HDTV and transports himself and viewers to the era with the help of Grammy nominated singer, Sara Bareilles.

    MacFarlane has been a fan of music from this era for as long as he can remember, and has even trained with vocal coaches Lee, Sally, and Steve Sweetland. Lee and Sally coached many great singers throughout their careers, including Frank Sinatra. MacFarlane has featured countless musical numbers on his television shows, and has garnered multiple Emmy nominations as well as a win for Outstanding Music and Lyrics on "Family Guy."

    In a performance the Los Angeles Times calls "suave, punching, a pleasure to hear," MacFarlane and his 39-piece all-star orchestra give new life to a selection of hand-picked pieces from the Great American Songbook from the 1940s through 60s. Revisiting the music of Rodgers and Hammerstein, MacFarlane also treats audiences to some overlooked songs.

    Recorded at the legendary Capitol Records, the album was made with MacFarlane singing live in the same room as the orchestra, just as they did in 50's. Additionally, Frank Sinatra's original microphone, nicknamed "The Frank," was used to record the album. All songs were recorded to analog tape, to match the warm sound of the historic records of that era.

    While some fans may not know this side of MacFarlane, the producer, writer, director and voiceover actor is no stranger to the singing stage. MacFarlane's voice has been celebrated for its perfect phrasing, richness, and consistency. He is an experienced live performer, having played to sold out audiences at London's Royal Albert Hall and New York's Carnegie Hall.

    "Seth MacFarlane's talent is far reaching," said EPIX President and CEO Mark Greenberg. "The Family Guy Facebook page has over 35 million fans on Facebook and he has almost a million Twitter followers. He knows how to connect with people through writing, acting, comedy and now singing."

    EPIX has developed a respected platform for award-winning performers with past musical events including, Usher: OMG, Madonna: Sticky & Sweet, Kings of Leon: Live at the O2, Bon Jovi: The Circle Tour: Live from New Jersey and The Black Eyed Peas: The E.N.D. World Tour 2010.

    About EPIX

    EPIX, a joint venture between Viacom Inc. , its Paramount Pictures unit, Metro-Goldwyn-Mayer Studios Inc. (MGM) and Lionsgate , is a next-generation premium entertainment channel, video-on-demand and online service launched on October 30, 2009. With access to more than 15,000 motion pictures spanning the vast libraries of its partners and other studios, EPIX provides a powerful entertainment experience with more feature films on demand and online and more HD movies than any other service. It is the only premium service providing its entire monthly line-up of new Hollywood titles, classic feature films, original series, music and comedy specials through the linear channel, video-on-demand and online at EpixHD.com, the leading online destination for movies. EPIX has made the commitment to deliver the industry's most expansive online collection of movies, making more than 3,000 titles available on EpixHD.com. The service is available to over 30 million homes nationwide through distribution partners including Charter Communications, Cox Communications, DISH Network, Mediacom Communications, NCTC, Suddenlink Communications and Verizon FiOS.

    For more information about EPIX, go to www.EpixHD.com.

    About Seth MacFarlane:

    Seth MacFarlane is the creative force behind "Family Guy," "American Dad!," "The Cleveland Show" and the upcoming "The Flintstones" and "Cosmos: A Space-Time Odyssey." "Family Guy" has garnered four Emmys and seven Emmy nominations, including one in the Outstanding Comedy Series category. MacFarlane is in post-production on his directorial feature film debut, TED, which stars Mark Wahlberg, Mila Kunis and MacFarlane as the voice of Ted. His debut orchestral/big band album, Music is Better than Words, will be released on September 27th, 2011.

    Video: http://www.multivu.com/mnr/51644-epix-seth-macfarlane-music-is-better-than-words Photo: http://photos.prnewswire.com/prnh/20110815/MM49455
    PRN Photo Desk, photodesk@prnewswire.com EPIX

    CONTACT: Lina Plath, lina@frankpublicity.com, or Clare Anne Darragh,
    clareanne@frankpublicity.com, +1-646-861-0843, both of FRANK PR

    Web site: http://www.epixhd.com/




    CIC Reports Second Quarter 2011 ResultsCompany Continues Positive Momentum

    REDWOOD SHORES, Calif., Aug. 15, 2011 /PRNewswire/ -- Communication Intelligence Corporation ("CIC" or the "Company") (OTCQB: CICI), a leading supplier of electronic signature solutions and the recognized leader in biometric signature verification, reported today total revenue of $326,000 for the three months ended June 30, 2011, an increase of $113,000 or 53%, compared to total revenue of $213,000 for the same quarter in the prior year. For the six months ended June 30, 2011, total revenues were $604,000, an increase of $185,000 or 44%, compared to total revenue of $419,000 for the same period in the prior year.

    "We are pleased that our remedial actions continue to show modest signs of improvement," stated Philip Sassower, CIC's Chairman and Chief Executive Officer. "In addition to achieving our third consecutive quarter of revenue growth, CIC's product revenues for the first six months of 2011 were approximately 56% greater than product revenues for all of 2010. During the quarter, we also closed the first sale of our iSign Mobility Suite, which was another step in the direction of a recurring revenue model. While the growth in sales remains relatively small, we view these achievements as confirmation that CIC is on the right track and will continue our efforts to grow both our direct and channel sales and to improve and expand our technology with a view to making it available to an increasing number of clients."

    For the quarter ended June 30, 2011, operating expenses were $1,444,000, an increase of $124,000, or 9%, compared to operating expenses of $1,320,000 for the same quarter in the prior year. For the six months ended June 30, 2011, operating expenses were $2,975,000, an increase of $504,000, or 20%, compared to operating expenses of $2,471,000 for the same quarter in the prior year. The comparative increases in operating costs were primarily due to higher research and development expenses caused by investment in the Company's cloud deployment and by reductions in the amount of software development cost capitalized.

    For the quarter ended June 30, 2011, the net loss attributable to common stockholders was $1,362,000, a decrease of $273,000, or 17%, compared to a net loss attributable to common stockholders of $1,635,000 for the same period in the prior year. This decrease was primarily due to conversion of the Company's debt into preferred stock.

    For the six months ended June 30, 2011, the net loss attributable to common stockholders was $3,768,000, an increase of $456,000, or 14%, compared to a net loss attributable to common stockholders of $3,312,000 for the same period in the prior year. This increase was primarily due to the non-cash, intrinsic value of the conversion feature associated with dividends paid on the Company's Series B and Series C Preferred Stock and with the 800 shares of Series C Preferred Stock sold on March 31, 2011, as well as the above described increase in operating expenses, as offset by lower interest and debt amortization expenses in comparison to the same period last year.

    Additional financial information regarding CIC's operating results for the quarter ended June 30, 2011, will be available in the Company's Quarterly Report on Form 10-Q that will be filed with the Securities and Exchange Commission and available at www.sec.gov.

    About CIC

    CIC is a leading supplier of electronic signature products and the recognized leader in biometric signature verification. CIC enables companies to achieve truly paperless workflow in their electronic business processes by providing multiple signature technologies across virtually all applications. CIC's solutions are available both in SaaS and on-premise delivery models and afford "straight-through-processing," which can increase customer revenue by enhancing user experience and can also reduce costs through paperless and virtually error-free electronic transactions that can be completed significantly quicker than paper-based procedures. CIC is headquartered in Redwood Shores, California. For more information, please visit our website at http://www.cic.com. CIC's logo is a registered trademark of CIC.

    Forward Looking Statements

    Certain statements contained in this press release, including without limitation, statements containing the words "believes", "anticipates", "hopes", "intends", "expects", and other words of similar import, constitute "forward looking" statements within the meaning of the Private Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors, which may cause actual events to differ materially from expectations. Such factors include the following (1) technological, engineering, quality control or other circumstances which could delay the sale or shipment of products containing the Company's technology; (2) economic, business, market and competitive conditions in the software industry and technological innovations which could affect customer purchases of the Company's solutions; (3) the Company's inability to protect its trade secrets or other proprietary rights, operate without infringing upon the proprietary rights of others or prevent others from infringing on the proprietary rights of the Company; and (4) general economic and business conditions and the availability of sufficient financing.

    Contact Information:

    CIC
    Investor Relations & Media Inquiries:
    Andrea Goren
    +1.650.802.7723
    agoren@cic.com

    CIC Communication Intelligence Corporation

    Web site: http://www.cic.com/




    Photonic Products Group, Inc. Releases Financial Results for Second Quarter and Six Months 2011

    NORTHVALE, N.J., Aug. 15, 2011 /PRNewswire/ -- Photonic Products Group, Inc. today reported its consolidated financial results for its second quarter and six months ended June 30, 2011.

    Revenue for the second quarter was approximately $3.22 million, up 49% from $2.16 million in the same period last year. For the six months ended June 30, 2011, revenue was $6.46 million or 30% higher, compared to $4.97 million for the comparable period last year.

    Orders for the second quarter were $3.48 million and $6.18 million for the six months ending June 30, 2011, up 126% and 46%, respectively, compared to last year's second quarter and six month bookings of $1.54 million and $4.24 million.

    Gross profit for the quarter was $784,000, or 24.3%, up from a gross profit of $256,000, or 11.8% in the comparable quarter last year. For the six months ended June 30, 2011, gross profit rose to $1.66 million or 25.6% versus $796,000 or 16.0% last year. The improvement primarily reflects the impact of higher sales leveraged by the Company's high percentage of fixed overhead costs.

    The net loss for the quarter was $96,000 and $61,000 for the six months ended June 30, 2011. This compares with a net loss of $649,000 and $923,000, in the same periods last year. The Company had a net loss per share of $0.01, basic and diluted, in both the current quarter and for the six months ended June 30, 2011. This compares favorably with a net loss per share of $0.06 and $0.08, basic and diluted, for the three and six months ended June 30, 2010.

    Net cash provided by operating activities was $53,000 for the six months ended June 30, 2011 compared to net cash of $455,000 in the comparable period last year, the difference reflecting the Company's payment of $675,000 of accrued and current interest on convertible notes and an increase in working capital required to support the higher level of business activity in the current period.

    After investing and financing activities, net cash decreased by $83,000 compared to an increase of $394,000 last year. The Company ended the quarter with cash and cash equivalents of $4.28 million.

    Joe Rutherford, President and CEO of PPGI commented, "I am encouraged by our increased bookings and sales in the first half of this year and the results are aligned with our expectations at the start of 2011. Bookings have improved by 46% compared with the first six months of last year. We continue to focus on improving our balance sheet and reducing our debt with the payment of $675K in convertible debt interest. We are selectively investing in improving our bench strength in engineering and equipment. Our cash position remains strong at $4.3M. I continue to be optimistic that the company is poised for continued growth and profitability."

    Founded in 1973, Photonic Products Group, Inc. develops, manufactures, and markets products and services for use in diverse Photonics industry sectors via its portfolio of distinctly branded businesses. INRAD specializes in crystal-based optical components and devices, laser accessories and instruments. Laser Optics specializes in precision custom optical components, assemblies, and optical coatings. MRC Optics' specializes in precision diamond turned optics, metal optics, and opto-mechanical and electro-optical assemblies. PPGI's customers include leading corporations in the Defense and Aerospace, Laser Systems, and Process Control and Metrology sectors of the Photonics Industry, as well as the U.S. Government. Its products are also used by researchers at National Laboratories and Universities world-wide.

    Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this press release that are not purely historical are forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. These statements may be identified by their use of forward-looking terminology such as "believes", "expects", "should", "will", "plan", "anticipate", "targeting" or similar words. Such forward-looking statements, such as our expectation for revenues, new orders, and income, involve risks and uncertainties that could cause actual results to differ materially from those projected. Risks and uncertainties that could cause actual results to differ materially from such forward looking statements are, but are not limited to, uncertainties in market demand for the company's products or the products of its customers, future actions by competitors, inability to deliver product on time, inability to implement process improvements in its operations, inability to retain key employees or hire new employees, and other factors discussed from time to time in the Company's filings with the Securities and Exchange Commission including the risk factors in our annual report on Form 10-K for the year ended December 31, 2010. The forward looking statements made in this news release are made as of the date hereof and Photonic Products Group, Inc. does not assume any obligation to update publicly any forward looking statement.

    PHOTONIC PRODUCTS GROUP, INC AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS

    June December 30, 31, 2011 2010 ---- ---- (Unaudited) (Audited) Assets ------ Current assets: Cash and cash equivalents $4,282,280 $4,365,045 Accounts receivable (net of allowance for doubtful accounts of $15,000 in 2011 and 2010) 1,834,278 2,224,592 Inventories, net 2,647,201 2,390,876 Other current assets 150,742 119,243 ------- ------- Total current assets 8,914,501 9,099,756 --------- --------- Plant and equipment: Plant and equipment, at cost 14,926,991 14,879,508 Less: Accumulated depreciation and amortization (13,271,602) (12,876,163) ----------- ----------- Total plant and equipment 1,655,389 2,003,345 --------- --------- Precious Metals 262,886 157,443 Deferred Income Taxes 408,000 408,000 Goodwill 311,572 311,572 Intangible Assets, net 555,170 594,452 Other Assets 44,499 47,235 ------ ------ $12,152,017 $12,621,803 Total Assets =========== =========== Liabilities and Shareholders' Equity ----------------------------- Current Liabilities: Current portion of other long term notes $9,000 $9,000 Accounts payable and accrued liabilities 707,122 836,190 Customer advances 544,856 441,987 Total current liabilities 1,260,978 1,287,177 --------- --------- Accrued Interest on Related Party Convertible Notes Payable 525,000 1,125,000 Related Party Convertible Notes Payable 2,500,000 2,500,000 Other Long Term Notes, net of current portion 331,182 335,874 ------- ------- Total liabilities 4,617,160 5,248,051 --------- --------- Commitments Shareholders' Equity: Common stock: $.01 par value; 60,000,000 authorized shares; 117,120 115,626 11,711,953 shares issued at June 30, 2011 and 11,562,656 issued at December 31, 2010 Capital in excess of par value 17,623,160 17,402,528 Accumulated deficit (10,190,473) (10,129,452) ----------- ----------- 7,549,807 7,388,702 Less -Common stock in treasury, at cost (4,600 shares) (14,950) (14,950) ------- ------- Total shareholders' equity 7,534,857 7,373,752 --------- --------- $12,152,017 $12,621,803 Total Liabilities and Shareholders' Equity =========== ===========

    PHOTONIC PRODUCTS GROUP, INC AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)

    Three Months Six Months Ended June Ended June 30, 30, ----------- 2011 2010 2011 2010 - -- Total revenue $3,221,234 $2,164,491 $6,462,668 $4,972,537 Cost and expenses: Cost of goods sold 2,437,174 1,908,779 4,806,071 4,176,330 Selling, general and administrative expenses 847,784 869,695 1,657,029 1,649,690 ------- ------- --------- --------- 3,284,958 2,778,474 6,463,100 5,826,020 --------- --------- --------- --------- Loss from operations (63,724) (613,983) (432) (853,483) Other expense: Interest expense-net (32,026) (34,915) (64,215) (69,884) Gain on sale of plant and equipment - - 3,626 - --- --- ----- --- (32,026) (34,915) (60,589) (69,884) ------- ------- ------- ------- Net loss before income taxes (95,750) (648,898) (61,021) (923,367) Income tax (provision) benefit - - - - Net loss $(95,750) $(648,898) $(61,021) $(923,367) ======== ========= ======== ========= Net loss per common share- $(0.01) $(0.06) $(0.01) $(0.08) basic and diluted ====== ====== Weighted average shares outstanding- 11,697,353 11,556,729 11,622,483 11,494,929 basic and diluted ========== ========== ========== ==========

    PHOTONIC PRODUCTS GROUP, INC AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

    Six Months Ended June 30, 2011 2010 ---- ---- Cash flows from operating activities: Net loss $(61,021) $(923,367) -------- --------- Adjustments to reconcile net loss to cash provided by operating activities: Depreciation and amortization 435,616 470,281 401K common stock contribution 129,998 154,535 Gain on sale of fixed assets (3,626) - Stock based compensation 73,498 80,085 Changes in operating assets and liabilities: Accounts receivable 390,314 589,607 Inventories, net (256,325) 136,409 Other current assets (31,499) (4,883) Other assets 2,736 (3,092) Accounts payable and accrued liabilities (129,068) 182,911 Customer advances 102,869 (227,476) Accrued Interest on Related Party Convertible Notes Payable (600,000) - -------- --- Total adjustments and changes 114,513 1,378,377 ------- --------- Net cash provided by operating activities 53,492 455,010 ------ ------- Cash flows from investing activities: Capital expenditures (50,752) (64,665) Purchase of precious metals (105,443) - Proceeds from sale of plant and equipment 6,000 - ----- --- Net cash (used in) investing activities (150,195) (64,665) -------- ------- Cash flows from financing activities: Redemption of restricted stock units (370) (533) Proceeds from exercise of stock options 19,000 8,500 Principal payments of notes payable-other (4,692) (4,510) ------ ------ Net cash provided by financing activities 13,938 3,457 ------ ----- Net (decrease) increase in cash and cash equivalents (82,765) 393,802 Cash and cash equivalents at beginning of period 4,365,045 4,069,310 Cash and cash equivalents at end of period $4,282,280 $4,463,112 ========== ========== Supplemental Disclosure of Cash Flow Information: Interest paid $682,000 $7,000 ======== ====== Income taxes paid (refund) $- $(75,000) === ========

    Photonic Products Group, Inc.

    CONTACT: CONTACT : William Foote, Photonic Products Group, Inc.,
    +1-201-767-1910




    Merlin Media Launches New York's Only 24-Hour FM All-News Station With FM News 101.9

    NEW YORK, Aug. 15, 2011 /PRNewswire/ -- Merlin Media, a new multiplatform, multimedia company, today launched FM News 101.9 as New York's only 24-hour FM all-news station.

    The station has committed to highly engaging content that will serve the real-life information needs of on-the-go adults and working parents whenever they tune in to New York's FM News 101.9. Listeners will be captivated by credible and relatable news, along with easy-to-understand traffic reports and accurate weather. Complementing that core content will be information on subjects such as health, family, career, money, entertainment, and more. FM News 101.9 will be interactive across platforms with personalized online and mobile content that promotes audience participation through social media, digital video, and other outlets.

    Advertisers on FM News 101.9 will be part of a brand-friendly environment that includes sponsorships, billboards, endorsements, Internet, mobile, tablets, and live reads from some of the most dynamic, creative, and trusted personalities in New York.

    "As music moves to the mobile device, now is the time to put spoken word on the band most people use. Our content will target the people who already use FM radio, but will focus on interesting, real-time information," said Randy Michaels, CEO, Merlin Media. "Our one-to-many broadcasts will be supplemented by personalized, one-to-one interactive content so that instead of commercials that interrupt a tired music playlist, we offer our marketing partners multiplatform solutions that build brands and move product in the best possible environment."

    "Spoken word, since the beginning of radio, has consistently been the top billing format in the world. The one-on-one relationship with the radio is an active, impactful, natural and entirely compelling experience," said Walter Sabo, COO, Merlin Media. "FM News 101.9 is offering a format that's truly one-of-a-kind, and by broadcasting on the FM band, we'll reach a large demographic that's hungry for this type of content."

    "No one gets their news from a singular source in today's fragmented media world. In developing our strategy for FM News 101.9, we really wanted to create a unique environment that presents inspiring, relatable, pleasant and fun content that comes to you just as it would from a friend," said Liz Aiello, VP of Programming, Merlin Media. "That's how our listeners want to share and consume news and information because that's how it actually happens in our daily lives."

    Merlin Media's team of veteran executives have decades' worth of experience working with major companies like Sirius XM, Clear Channel, ABC, NBC, Harpo Productions, Martha Stewart Living Omnimedia, and others. To deliver the content for FM News 101.9, the company has invested in an equally impressive roster of talent that includes:

    --  Alice Stockton-Rossini will be FM News 101.9's morning drive co-anchor
    and is known as one of the biggest names in New York radio. She has
    spent the last 24 years at 1010 WINS where she reported on special
    features and series on everything from China's emerging economic
    presence to what working moms need to succeed at home and in the office.
    Stockton-Rossini's popularity was cemented as a top anchor known for
    breaking news stories.
    --  Dave Packer will be FM News 101.9's morning drive co-host. Packer was
    most recently at WCBS-FM and is a seasoned morning radio personality
    with major market, multi-format experience creating intensive,
    entertaining, and interactive radio. New York listeners will be familiar
    with Packer for his time as the original morning host and news anchor at
    Fresh 102.7.
    --  Hilarie Barsky will be FM News 101.9's afternoon drive co-anchor. Barsky
    brings over 20 years of experience as a producer, talk-show host and
    on-air anchor on notable stations such as ABC News Radio, WABC-AM New
    York, Good Morning America New York, CFUN 1410AM and the Fox News
    Channel. Barsky was also the afternoon drive co-host on the most
    successful FM talk station, New Jersey 101.5. Much more than just a
    skilled news anchor, Barsky is a voice-over artist with the unique
    ability to do straight reads as well as characters and dialects for
    radio and television commercials, broadcast station promos, and
    industrial narrations.
    --  Steve Langford, formerly the lead reporter for Howard Stern's Howard 100
    News, is an industry veteran and has been reporting and producing for
    over three decades on both radio and television across the U.S., as well
    as in Canada and France. A true legend in the industry with remarkable
    range, Langford has also reported for A Current Affair, The Insider,
    Court TV, Celebrity Justice, and MSNBC.
    --  Daniela Bilotta recently reported as an anchor at ABC News Radio where
    she had spent the last 6 years. Bilotta is well known for her
    exceptional style and for breaking in-depth news reports on Hurricane
    Katrina, President Obama's election, and Michael Jackson's death. A
    Toronto native, Bilotta was an anchor for Canada's number one news
    station, 680 News, and its award-winning morning show from 2000 to 2004.
    --  Victoria Keelan has been the morning star talent on Sirius XM's Cosmo
    Radio, bringing audiences the latest and hottest trends in the world of
    fashion, beauty, lifestyle, and food on "Cosmo Life with Victoria."
    Keelan is a principal source for entertainment and beauty-related news,
    and has interviewed numerous A-list Hollywood celebrities, covered
    various red carpet events and has kept her audience up-to-date with the
    foremost reviews in the space.
    --  Brett Larson is an Emmy(R) Award winning reporter and one of the most
    familiar faces in technology and environmental coverage in the nation
    having anchored on 1010 WINS. Larson has anchored the news on radio,
    television and the Internet from coast-to-coast and is loved by
    audiences for his affable style, friendly personality and distinct
    comfort in front of the camera and behind the microphone. Larson offers
    an extraordinary versatility that's rarely seen in today's specialized
    media world.
    --  Catherine Smith has spent nearly 13 years on 1010 WINS and has also been
    heard nationally in newscasts on the NBC, ABC and RKO radio networks.
    Smith is a brilliant and seasoned broadcaster who has worked at many of
    the most renowned stations in the New York area. She has a true craft
    for conducting five-minute network newscasts as a result of her
    long-standing experience in the industry and was recently honored with a
    NY Edward R. Murrow award for her talents.
    

    On July 31, Merlin Media announced Chicago's only 24-hour all-news station with FM News 101.1.

    About Merlin Media LLC

    Merlin Media LLC (www.merlinmediallc.com) was formed in June 2011 by leading private equity firm GTCR in partnership with Emmis Communications (NasdaqGS: EMMS), a diversified media company, and Randy Michaels for the purpose of acquiring and operating media assets. The company begins with a base of three properties - two in Chicago and one in New York - and intends to develop a combination of media across the country.

    Contact for Merlin Media LLC

    Kyle GiuntaMediaLinkO: 646-259-3006M: 845-453-4877kyle@medialinkllc.com

    Edward AdlerMediaLinkO: 646-259-3006edadler@medialinkllc.com

    Merlin Media LLC

    Web site: http://www.merlinmediallc.com/

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