2007'02.04.Sun
CIMG and ICMM Announce New Alliance
July 05, 2006
BEIJING, July 5 /Xinhua-PRNewswire/ -- The
International Council on Mining and Metals (ICMM) and the
China International Mining Group (CIMG) have announced an
alliance to promote awareness of sustainability in China's
domestic mining industry.
ICMM, which was founded in 2001, has taken a leadership
role in promoting good practice in sustainable development
performance in the global metals and mining industry. This
has included the development of a Sustainable Development
Framework that ICMM's 14 corporate members have signed up
to.
ICMM, along with the International Federation of
Chemical, Energy, Mine and General Workers' Unions (ICEM)
and the International Labour Organization (ILO), is
currently taking part in a dialogue with the Chinese
government on health and safety issues. The initiative aims
to assist the Chinese government to implement a safety
culture in the Chinese mining industry by sharing technical
expertise and examples of good practice.
The alliance with CIMG will help to build on the
positive steps taken by ICMM, ICEM, ILO and the Chinese
government.
ICMM Secretary General Paul Mitchell said "We are
committed to working in partnership with national
organizations to raise the profile of our work, and look
forward to working more closely with CIMG in future."
Auslan Ishmael, General Secretary of the China
International Mining Group said "ICMM and CIMG support
the benefits of promoting sustainable business outcomes in
mining. In the coming months, ICMM and CIMG plan to work
jointly on enhancing awareness of good practice mining
tools developed by ICMM."
About CIMG
The China International Mining Group (CIMG) is a forum
for International mining and service companies plus
individuals with interests in creating sustainable business
opportunities in China's mining industry. The CIMG aims to
promote sustainable investment and best business practice
in the mining sector through sharing non-competitive
information and addressing issues of common concern to
potential mining investors in China by providing channels
for dialogue with the relevant authorities.
The CIMG is an official industry-working group of the
China-Australia Chamber of Commerce in Beijing (AustCham
Beijing). The CIMG is supported by the Australian Embassy
in Beijing, British Chamber of Commerce in Beijing,
Canadian Embassy in Beijing, the CCBC and South African
Business Council.
CIMG's 10 Sustaining Sponsors are: Anglo American
Beijing; AngloGold Ashanti Limited; Asian American Coal;
BHP Billiton China; Mundoro Mining; Oxiana (China) Limited;
Rio Tinto Limited Beijing Representative Office; Teckcominco
Limited; Sustainability and The Swann Group.
About ICMM
The International Council on Mining and Metals (ICMM)
is a CEO-led organization representing the mining and
metals industry internationally. An important part of its
mandate is dedicated to sustainable development. ICMM
comprises many of the world's leading mining and metals
companies as well as regional, national and commodity
associations, all of which are committed to improving their
sustainable development performance and to the responsible
production of the mineral and metal resources society
needs. ICMM's vision is a viable mining, minerals and
metals industry that is widely recognised as essential for
modern living and a key contributor to sustainable
development.
ICMM's 14 corporate members are: Alcoa, Anglo American,
AngloGold Ashanti, BHP Billiton, Falconbridge,
Freeport-McMoRan, Lonmin, Mitsubishi Materials, Newmont,
Nippon Mining & Metals, Rio Tinto, Sumitomo Metal
Mining, Xstrata, Zinifex.
ICMM's 24 association members are: Camara Minera de
Mexico, Chamber of Mines of South Africa, Consejo Minero de
Chile A.G., Eurometaux, Euromines, Federation of Indian
Mineral Industries, Indonesian Mining Association,
Instituto Brasileiro de Minera?ao, International Aluminium
Institute, International Copper Association, International
Wrought Copper Council, International Zinc Association,
Japan Mining Industry Association, Lead Development
Association International, Minerals Council of Australia,
Mining Association of Canada, Mining Industries
Associations of Southern Africa, Nickel Institute,
Prospectors and Developers Association of Canada, Sociedad
Nacional de Miner¨ªa de Chile, Sociedad Nacional de
Miner¨ªa Petr¨®leo y Energia, The Cobalt Development
Institute, World Coal Institute, World Gold Council.
For more information, please contact:
Ben Peachey
ICMM
Tel: +44-20-7290-4942
Mobile: +44-7733-225-130
Email: ben.peachey@icmm.com
Web: http://www.icmm.com
Auslan Ishmael
Tel: +86-10-6595-9252
Mobile: +86-1352-044-0703
Fax: +86-10-6595-9253
Email: mining@austcham.org
Web: http://www.cimg.org.cn
SOURCE China International Mining Group, International
Council on Mining and Metals
PR
2007'02.04.Sun
Analysys International Says China's First Round Investment on 3G Equipments Will Reach RMB 10 Billion to 20 Billion
July 04, 2006
BEIJING, July 4 /Xinhua-PRNewswire/ -- Analysys
International, a leading Internet based provider of
business information about technology, media and telecom
(TMT) industries in China, says in its recently released
report "China's 3G Network Implementation Focus Report
2006", that China's first round of investment on 3G
equipments will reach RMB 10 billion to 20 billion.
The coming of 3G will definitely bring strong impact on
the overall telecom market in China. Every link of this
industry chain will benefit from this market, including
main equipments manufacturers, fiber & cable
manufacturers, terminal manufacturers, system integrators,
and other vendors of auxiliary lines such as electricity
power, instruments, etc. To grasp business opportunities
and win contracts in the coming new round of investment
cooperation with operators has become imminent for all
system/network equipment vendors. Some foreign vendors had
started their PR campaigns targeted at operators with the
advantage they have gained in 2G/2.5G era. China's 3G
equipment market has already been activated quietly.
According to Analysys International's "China's 3G
Network Implementation Focus Report 2006", if one 3G
license will be released in 2006, the first phase of 3G
network implementation should reach 10 million lines to 20
million lines to meet the user demands. Therefore, the
first round of investment on 3G equipments will reach RMB
10 billion to 20 billion if each line cost about RMB 1000.
The forecast of the investment on 3G equipment in the
coming years is also given by Analysys International as the
following figure shows.
Figure: China's 3G Equipment Investment Market Size
forecast
http://english.analysys.com.cn/3class/detail.php?advertisement=002&id=219
According to Analysys International's research,
"If China Mobile get the first license, it will have
enough capability and capital to carry out the construction
of 3G network. While if China Telecom get the license, it
will probably solve the problem of capital gap by indirect
financing," Says Mr. Cui Xiaolong, analyst from
Analysys International, "But if China Netcom or China
Unicom get the first license, neither of them can build up
the 3G network alone. China Netcom's selling out Asia
Netcom can be viewed as the capital preparation for 3G. But
anyway, China Netcom and China Unicom do not have enough
capital power to build up 3G networks alone. We suggest
that they can establish joint venture to construct 3G
network together."
This subject is further discussed in Analysys
International's research report "China's 3G Network
Implementation Focus Report 2006". For more
information, please check the website:
http://english.analysys.com.cn .
About Analysys International
Analysys International is the leading Internet based
provider of business information about technology, media
and telecom (TMT) industries in China with the mission to
help their clients make better business decisions. They
provide data, information and advice to 50,000 clients
worldwide, representing 1,500 distinct organizations; they
also deliver over 150 consulting engagements a year, and
hold more than 20 events that draw in over 8,000 attendees.
Their clients include executives from companies like
technology vendors, vertical information technology users,
as well as professionals from professional service
companies, the investment community and government
agencies. For more information, please visit the website at
http://english.analysys.com.cn .
For more information, please contact:
Jessica Wang
Overseas Media Manager
Analysys International
Tel: +86-10-6466-6565 x394
Fax: +86-10-6466-7103
Email: jessica_wang@analysys.com.cn
SOURCE Analysys International
2007'02.04.Sun
Hill & Associates Announces Merger of Its Verify(TM) Screening Solutions Unit with Quam Data Services to Create One of Asia's Largest Pre-Employment Screening Service Providers
July 04, 2006
HONG KONG, July 4 /Xinhua-PRNewswire/ -- Hill &
Associates Limited ("Hill"), Asia's largest risk
management & business intelligence consultancy firm,
today announced that it has reached a definitive agreement
with Quam Limited ("Quam" - Stock code: 952 -
SEHK) an integrated financial services group listed on the
Stock Exchange of Hong Kong, to merge their respective
pre-employment screening operations and form a leading
Asian pre-employment screening business.
The merged entity will trade as Verify(TM) Screening
Solutions (Verify(TM); http://www.verifyscreening.com/ )
and will hold leading market positions in all substantial
markets throughout Asia, thereby offering a 'one-stop-shop'
screening & credit data verification service to
multinationals across the region. In addition to providing
customers with more resources and expertise, both units will
complement each other geographically given Verify(TM)'s
strong footprint in Singapore, Malaysia and India, and Quam
Data's leading status in Hong Kong, China and Taiwan.
Mr. Marc Davey from Hill & Associates is appointed
as President of Verify(TM) and will take primary
responsibility for customer relations and new business
development. Mr. Allan Matheson from Quam Data (
http://www.quamdata.com/ ) is appointed as Senior Vice
President of Verify(TM) and will take primary
responsibility for service delivery.
Commenting on the merger, Mr. Richard Hickson, CEO of
Hill & Associates, said: "I am excited about the
prospects for Verify(TM); this deal substantially
strengthens our presence and capabilities in the China
market. Verify(TM) offers a comprehensive range of
screening solutions throughout Asia and with this increase
in our capabilities we look forward to being of greater
service to our customers.
Mr. Bernard Pouliot, Chairman of the Quam Group stated,
"We are pleased about this agreement. The synergy
between Quam Data and Verify(TM) will help us better serve
the growing demand for comprehensive verification
services."
Under the terms of the agreement, Hill will hold a
majority of the equity of Verify(TM) and the merger is
expected to be completed by 8th August 2006. The merger is
subject to standard closing conditions typical for this type
of business transaction.
About Hill & Associates
With 19 offices throughout Asia and the Middle East,
Hill & Associates is Asia's largest and most respected
risk management & security consultancy firm. By
combining local knowledge and expertise with world-renowned
professionalism, leading edge technology partnerships and a
comprehensive range of integrated services, we are able to
assist our clients to operate safely, efficiently and
without disruption in some of the world's most difficult
markets. We address a wide range of operational business
risks and develop comprehensive solutions for both
prevention and response.
For more information on Hill & Associates, please
visit its website at http://www.hill-assoc.com .
About Quam Limited
Quam Limited is a Hong Kong-based financial services
group, which was listed on the SEHK in 1997 (SEHK: 0952).
After a series of strategic acquisitions beginning in 2001,
the Group is now comprised of several renowned Hong Kong
companies, including Quamnet.com, Quam Capital, Quam
Securities, Quam Investor Relations and Quam Asset
Management. By utilising the best of both its online and
offline resources, Quam offers premier one-stop-shop
financial services, with the objective of becoming the
financial advisor of choice in Hong Kong and Mainland China
for corporations and individual investors alike.
For more information on Quam, please visit its website
at www.quamlimited.com .
Media contacts:
Karene Dufour Lo
Vice President, Marketing & Communications
Hill & Associates Ltd
Tel: +852-2802-2123
Email: karene.dufourlo@hill-assoc.com
Winnie Chau
Investor Relations
Quam Limited
Tel: +852-2217-2883
Email: winniechau@hk.quamnet.com
SOURCE Hill & Associates Ltd
2007'02.04.Sun
Satyam Provides IT Consulting and Data Management Solution to Project Hope in China
July 04, 2006
Program Will Turn 11 Years' Worth of Data into Useful, Strategic Information
SHANGHAI, July 4 /Xinhua-PRNewswire/ -- Satyam Computer
Services Ltd. (NYSE: SAY), a leading global consulting and
information technology services company, is providing a
free data management solution, as well as IT services, to
National Office of Project Hope Teacher Training Center
sponsored by China Youth Development Foundation . Project
Hope Teacher Training program is one of the important
initiatives to implement Project Hope, liaison with the
government and support underprivileged children with
primary education.
Established 11 years ago, National Office of Project
Hope Teacher Training Center has amassed more than 31,000
teacher and volunteer records, a voluminous amount that
makes effective and intelligent use of the database very
difficult. The key concern, therefore, is to find out ways
and means of extracting useful information and resources
from the database that would drive the objective of Project
Hope Teacher Center. Satyam's data management solution will
address that concern by enabling enhanced visibility into
Project Hope's systems. As a result, the public will be
able to access information about trainees, schools,
courses, and lecturers very quickly. Additionally, donors
will be able to review the information and expenses
involved in every Project Hope activity. Moreover, the
solution will generate statistical reports automatically,
instead of manually, a benefit that will allow Project Hope
instructors to focus on mapping out plans and implementing
training programs.
"As a responsible corporate citizen, Satyam is
committed to reaching out to people in China, through
volunteerism, with our pool of IT talent," said
Raghavendra Tripathi, regional manager and head of Satyam
China. "By helping Project Hope streamline its
operations and focus on quality training, we invest in a
better future for China."
The pro bono effort reflects Satyam's commitment to the
communities in which it does business. For Project Hope,
Satyam volunteers take time during weekends to teach
schoolteachers and headmasters from western China basic IT
skills, such as email and Web surfing.
"We are very grateful to Satyam for its
professional expertise and support," National Office
of Project Hope Teacher Training wrote the appreciation
letter to Satyam. "We have already gone through 85
training cycles, and reached out to more than 31,000
headmasters and teachers from 4,200 Project Hope primary
schools in 31 provinces, benefiting more than 100,000
children. We strongly believe that with Satyam's continued
support, our office's capabilities will be enhanced
dramatically. As a result, we will give a far greater
number of Chinese children a chance at higher
education."
About Satyam
Satyam Computer Services Ltd. (NYSE: SAY) is a global
consulting and IT services provider, offering a range of
expertise aimed at helping customers reengineer their
businesses to compete successfully in an ever-changing
marketplace. Over 28,000* highly-skilled professionals in
Satyam work onsite, offsite, offshore, and nearshore to
provide customized IT solutions for companies in several
industry sectors. Satyam's ideas and products have
resulted in technology-intensive transformations that have
met the most stringent international quality standards.
Satyam Development Centers in India, the USA, the UK, the
UAE, Canada, Hungary, Malaysia, Singapore, China, Japan and
Australia serve 469* global companies, of which 156* are
Fortune Global 500 and Fortune US 500 corporations.
Satyam's presence spans 55 countries, across six
continents. For more information, please visit
http://www.satyam.com .
* As on March 31, 2006
Safe Harbor
This press release contains forward-looking statements
within the meaning of section 27A of Securities Act of
1933, as amended, and section 21E of the Securities
Exchange Act of 1934, as amended. The forward-looking
statements contained herein are subject to certain risks
and uncertainties that could cause actual results to differ
materially from those reflected in the forward-looking
statements. Satyam undertakes no duty to update any
forward-looking statements. For a discussion of the risks
associated with our business, please see the discussions
under the heading "Risk Factors" in our report on
Form 20 - F concerning the fiscal year ended March 31, 2006,
furnished to the United States Securities Exchange
Commission on April 28, 2006 and the other reports filed
with the Securities Exchange Commission from time to time.
These filings are available at http://www.sec.gov .
For further information, contact:
corporate_communications@satyam.com
For more information, please contact:
India
Rajesh
Tel: +91-40-5531-6861 / +91-98490-42184
Email: rajesh@perfectrelations.com
US
Ivette Almeida
Tel: 1-646-284-9455 / +1-201-232-0128
Email: ialmeida@hfgcg.com
Europe
Priti Thakker
Tel: +1-973-753-1858 / +1-973-997-1149
Email: priti_thakker@satyam.com
Asia- Pacific
Reshma Wad Jain
Tel: +65-6737-4844 / +65-9814-0507
Email: reshma@wer1.net
Shilpa Mathai/Lina ZainAldin
Tel: +9714-3344404
Email: s.mathai@polaris-me.com /
l.zainaldin@polaris-me.com
Jiang Ying
Tel: +86-21-5080-7600 ext. 4015 / +86-1381-668-6084
Email: Jiang_Ying@satyam.com
SOURCE Satyam Computer Services Ltd.
2007'02.04.Sun
Gemalto to Design, Build and Implement the First Smart Card-Based Healthcare System in Algeria
July 04, 2006
The contract calls for 7 million smart cards over three years and designing, building and implementing the smart card customization and management system
AMSTERDAM, Netherlands, and ALGIERS, Algeria, July 4
/Xinhua-PRNewswire/ -- Gemalto (Euronext NL0000400653 GTO),
a world leader in digital security, announced that it has
been selected by the Algerian national health insurance
authority (Caisse Nationale de la Securite Sociale des
Travailleurs Salaries, CNAS) to be its sole provider for
the rollout of the first healthcare microprocessor cards in
Algeria. As prime contractor, Gemalto will manage the entire
project. Main roll out is to take place in 2007, including a
total of 7 million smart cards.
Under the contract, Gemalto will provide CNAS with a
microprocessor card-based turnkey solution to strongly
authenticate both healthcare beneficiaries and healthcare
providers, while ensuring full prescription traceability.
Gemalto's solution involves smart cards for citizens, smart
cards for healthcare professionals (doctors, pharmacists
...), the related customization system and an integrated
issuance and management system. Leveraging on its expertise
in solutions and services customization, Gemalto will assist
the CNAS in starting off the production process, and ensure
proper training for the CNAS personnel.
For the citizens, the healthcare smart card simplifies
substantially the submission of claims to the Algerian
social security services by digitizing claims forms. It
also offers a high degree of transaction security and
speeds up claim reimbursements.
"We needed a partner with expertise in rolling out
healthcare smart card and customization systems," said
Mr Ahmed Khenchoul, General Director of CNAS. "Gemalto
had a clear understanding of our needs and was able to
propose a turnkey solution enabling healthcare institutions
to migrate efficiently to smart card technology. By doing
so, healthcare institutions in Algeria will be able to
securely manage patient records and verify patient benefits
while keeping patient data confidential."
"We are proud to be taking part in this ambitious
CNAS modernization plan, which will be a premiere not only
in North Africa but on the entire African continent,"
added Xavier Chanay, President CIS, Middle East, Africa at
Gemalto.
About Gemalto
Gemalto (Euronext NL 0000400653 GTO) is a leader in
digital security with pro forma 2005 annual revenues of
euro 1,7 billion ($2.2 billion), operations in 120
countries and 11,000 employees including 1,500 R&D
engineers. The company's solutions make personal digital
interactions secure and easy in a world where everything of
value -- from money to entertainment to identities -- is
increasingly represented as bits and bytes communicated
over networks.
Gemalto thrives on creating and deploying secure
platforms, portable and secure forms of software in highly
personal objects like smart cards, SIMs, e-passports,
readers and tokens. More than a billion people worldwide
use the company's products and services for
telecommunications, banking, e-government, identity
management, multimedia content, digital rights management,
IT security and other applications. Gemalto was formed in
June 2006 by the combination of Axalto and Gemplus
International S.A. For more information please visit
http://www.gemalto.com .
For more information, please contact:
Media
Emmanuelle Saby
Gemalto
Tel: +33-1-55-01-57-27
Mobile: +33-6-09-10-76-10
Email: emmanuelle.saby@gemalto.com
Investor Relations
Stephane Bisseuil
Gemalto
Tel: +33-1-55-01-50-97
Mobile: +33-6-86-08-64-13
Email: stephane.bisseuil@gemalto.com
TBWA\Corporate
Emlyn Korengold
Tel: +33-1-49-09-66-51
Mobile: +33-6-08-21-93-74
Email: emlyn.korengold@tbwa-corporate.com
Web: http://www.gemalto.com
SOURCE Gemalto
2007'02.04.Sun
Beyondsoft Opens Data Entry Centre in Tianjin
July 04, 2006
BEIJING, July 4 /Xinhua-PRNewswire/ -- Beyondsoft Co.,
Ltd. announced in June the grand opening of their new data
entry centre in Tianjin New Technology Development Centre.
CEO of Beyondsoft, Mr. Ben Wang, Senior Vice President of
Beyondsoft Group, Mr. Lingnian Qu, Director of Staff
Management Company, Japan, Mr. Jiro Niimura and President,
Mr. Teruo Miki attended the opening ceremony.
Tianjin Data Entry Centre is a joint venture of
Beyondsoft and Staff Management, a Japanese company. Staff
Management is a highly recognized company in Japan who
continue to provide technological support for the Tianjin
center. As early as 2003, Staff Management and Beyondsoft
had an open dialogue. From July, 2005 to April 2006,
Beyondsoft sent 2 employees to Staff Management in Japan to
understand their technology in data entry. After one year's
of careful preparation, the Tianjin Data Entry Centre is
now fully operational.
Beyondsoft started to do BPO-type engagements with
Japanese clients in 2003. Data entry, as part of BPO
services, is one capability Beyondsoft plans to expand
amongst various other vertical domains. The Tianjin Data
Entry Centre of the Beyondsoft Group is located in Huayuan
Industrial Area.
About Beyondsoft
Established in 1995, Beyondsoft Co., Ltd is a leading
China based provider of end-to-end software engineering
services ranging from software development, QA/Testing and
localization to China market entry. Headquartered in
Beijing, Beyondsoft has domestic branches in Shanghai,
Wuhan, and Tianjin, as well as overseas offices in the
Silicon Valley, Seattle, Fort Collins in the United States,
and Tokyo, Japan. Beyondsoft is recognized as one of the top
3 US & Europe oriented outsourcing companies in China by
IDC (Feb'06). For more information, please visit
http://www.beyondsoft.com .
For more information, please contact:
Lorita Liu
Beyondsoft Group
Tel: +86-10-8282-6100 x5102
Email: liuye@beyondsoft.com
Web: http://www.beyondsoft.com
SOURCE Beyondsoft Co., Ltd
2007'02.04.Sun
China International Imaging and Photographic Equipment Fair to be Held in July
July 04, 2006
SHANGHAI, China, July 4 /Xinhua-PRNewswire/ -- As one
of the leading trade imaging fairs, Imaging Expo
China/Interphoto Shanghai 2006 will be held at INTEX
Shanghai from July 13-16, 2006. Germany and China is again
working together to host the big event of China's Imaging
and Photographic Equipment industry and to enhance the
communication and cooperation between related parties.
Latest registration figures show that about 200
companies from 20 countries and regions, including China,
Germany, the United States, Japan, Korea, Indonesia,
Thailand and Malaysia will be presenting their products and
services throughout the 12,000 square meters of exhibition
space. And the number of companies taking part in the
German group already exceeds last year's figure, with
twelve companies registered so far, including three
suppliers that are making their debut at the fair. It is
predicted that over 62,000 overseas and domestic trade
visitors will be participating in this fair including
distributors, wholesalers, photo equipment retailers and
professional users, as well as representatives of retail
chains and the press.
This exhibition is hosted by the China Council for the
Promotion of International Trade, Shanghai Sub-council,
Shanghai World Expo (Group) Co., Ltd, Shanghai
Photographers' Association and Koelnmesse GmbH, and is
organized by Shanghai International Exhibition Co., Ltd.
and Koelnmesse Pte Ltd.
Statistics shows that China now has 10 million
specialized photographers and the photographic amateurs,
with the figure increasing progressively year by year;
China already has the largest photographic troop in the
world. The specialized and amateur photographer community
in China has been the driving force for photography
photograph industry. The continuous demand for
International brands and high tech products will bring the
huge sale potential for the international photographic
image market. According to the related forecast, the sales
volume of digital cameras in China in 2006 will increase by
32%, based on 5,300,000 in 2005.
Imaging Expo China/Interphoto Shanghai 2006 will cover
Cameras, Camera equipment/accessories, Camera lenses and
filters, equipment and systems for photo finishing, films
and storage media, imaging input and output (scanners &
printers), imaging software and hardware, mobile imagery,
order handling/photo finishing, photographic studio
equipment, projection and presentation and slide-techniques
and accessories. World leading imaging and photographic
equipment companies like Canon, Fuji, Kodak, Mitsubishi and
Sony will be joining together with domestic giants Benro,
Dec, Jinbei, Judefu, Yongjiang, Doli, Ning Xia Xiao Niu,
Sophia to take part in this fair.
Upon the request and interest from consumers,
organizers will set July 15 and 16 as public days in
addition to the trade visitor days on July 13 and 14, which
aims to equip general consumers with first hand industry
information and latest development trends.
During the fair, organizers have teamed up with GfK and
Photo Imaging News to host seminars focusing on the
international imaging market as well as Asia's imaging
market and its future development. Fujifilm China and
Kodak will also be showcasing the latest trends in
photofinishing and studio technology.
About Shanghai International Exhibition Co., Ltd.
(SIEC)
Shanghai International Exhibition Co., Ltd. (SIEC) is
jointly invested by Shanghai World Expo (Group) Co., Ltd.
and the Council for the Promotion of International Trade,
Shanghai. The SIEC was founded on July 1st, 1984 with the
approval of the Ministry of Foreign Trade & Economic
Cooperation and the People's Government of Shanghai
Municipality.
The SIEC is a full member of Union des Foires
Internationales (UFI). The SIEC has held 500 international
exhibitions of various themes and sizes. It also has
successfully held a number of solo exhibitions at national
level.
"AUTO SHANGHAI," "SHANGHAITEX,"
"CHINA CYCLE," "FASHION SHANGHAI,"
"ELE/PT COMM CHINA" are among the first eight
exhibitions approved excellent by THE EVALUATION COMMITTEE
OF SHANGHAI CONVENTIONAL & EXHIBITION INDUSTRIES.
For more information, please contact:
Tina Ji, Lina Zhang, Project Manager
Add: 8/F,OOCL Plaza, 841 Yan An Zhong Road, Shanghai
200040, China
Tel: +86-21-6279-2828
Fax: +86-21-6545-5124
Email: info@siec-ccpit.com
Web: http://www.siec-ccpit.com
SOURCE Shanghai International Exhibition Co., Ltd.
2007'02.04.Sun
Super Wedding Gown Show on July 12 at Shanghaimart; Followed by the 10th China-Shanghai International Wedding Photographic Equipment Exhibition
July 04, 2006
SHANGHAI, China, July 4 /Xinhua-PRNewswire/ -- As one
of the biggest wedding exhibitions in the world, the 10th
China-Shanghai International Wedding Photographic Equipment
Exhibition will be held at Shanghaimart from July 13-16,
2006. From July 12-14, Topgown, WTC Studio, VIVAN, Jinhua,
SWALRO, DL Fashion Design, Tianxiang, Huicuilang and Mei-Lin
Bridal will be performing 9 super wedding gown shows
highlighting top wedding gowns and first-class stage
affections as a prelude to the exhibition.
This exhibition is sponsored by the China Council for
the Promotion of International Trade, the Shanghai
Sub-council, Shanghai World Expo (Group) Co., Ltd.,
Shanghai Photographers' Association; and is organized by
Shanghai International Exhibition Service Corporation and
co-organized the by China Wedding & Photographic
Equipment Union. The China Wedding Dress Photographic
Professional Committee, Guangzhou Baily Wedding Equipment
Plaza, Shanghai Photographic Equipment & Wedding Gown
Town and Beijing Baily Wedding Equipment Plaza will support
the exhibition.
Since its initiation in 2002, this semi-yearly
exhibition has been developed into one of the biggest and
most influential wedding exhibitions in the world, and an
ideal platform for trade. There will be over 250 companies
from Korea, Malaysia, the U.S., China, Hong Kong and Taiwan
participating in this 25,000 square meter exhibition, which
positions it first among all previous exhibitions in terms
of space.
The Imaging Expo China/Interphoto Shanghai 2006 jointly
organized with Koelnmesse GmbH, the biggest photographic
exhibition organizer, will be held at the same time at
Shanghai INTEX (only 200 meters away from Shanghaimart)
with 12,000 square meters of exhibition space.
2006 is an ideal year for weddings. Statistics shows,
there will be 140,000-150,000 couples getting married this
year in Shanghai, which is an increase of 40%-50% over last
year, with the largest number being during the `Labor Day
Holiday.'
The 9th China-Shanghai International Wedding
Photographic Equipment Exhibition was held in February,
this year, and proved a huge success. Shanghai has become
the key purchasing market for wedding related products.
The annual expense on wedding is RMB250 billion, which is a
driving force for related industries. China's wedding
photographic industry has become one of the most promising
industries around.
This exhibition will occupy the whole of Shanghaimart,
a staggering 7 floors. The 1st floor will house albums,
photo frames, backdrops and digital picture making. The
East Hall of the 3rd floor will be home of album, photo
frame & topic photography, the West Hall will host
cosmetics, wedding accessories, wedding merchandise &
children's photography. The 2nd and 4th floors are wedding
gowns and merchandise. The 5th floor is for the media. The
6th floor is the exhibit of the 2006 `golden lens' China
photographic game, and the 7th floor is for consultant
management & the latest wedding gown show. It is
estimated there will be over 30,000 visitors from all over
China.
Taiwan designers, famous for their unique design and
outstanding handcraft, will be represented by Taiwan's top
5 brands, Jinhua, Liyisha, Swalro, topgown and Linli, each
showcasing their classic wedding gowns mixed with the
current fashion trends. Overseas companies such as
Zhengjinyu from Korea; EG wedding from Malaysia; Monarch
Conture and Tongkang from Hong Kong; and domestic brands
such as Jinsha, Liyi, Mingdian, Tianxiang, Yinqiao and
Pinsha will all be in attendance. DL FASHION DESIGN from
Malaysia; Satin Roses of the U.S.; Hongli Wedding Gown,
Shang Gege and Heqinmei of Taiwan will be making their
debuts at the fair, bringing their latest wedding
collections.
During the exhibition organizers will host a series of
activity events including the reward ceremony of the 2006
`golden lens' photographic games, multicolor face-painting,
and new concepts in children's photography. In addition,
organizers have sought to actively promote the exhibition
through trade and general media.
About Shanghai International Exhibition Co., Ltd.
(SIEC)
Shanghai International Exhibition Co., Ltd. (SIEC) is
jointly invested by Shanghai World Expo (Group) Co., Ltd.
and the Council for the Promotion of International Trade,
Shanghai. The SIEC was founded on July 1st, 1984 with the
approval of the Ministry of Foreign Trade & Economic
Cooperation and the People's Government of Shanghai
Municipality.
The SIEC is a full member of Union des Foires
Internationales (UFI). The SIEC has held 500 international
exhibitions of various themes and sizes. It also has
successfully held a number of solo exhibitions at national
level.
"AUTO SHANGHAI," "SHANGHAITEX,"
"CHINA CYCLE," "FASHION SHANGHAI,"
"ELE/PT COMM CHINA" are among the first eight
exhibitions approved excellent by THE EVALUATION COMMITTEE
OF SHANGHAI CONVENTIONAL & EXHIBITION INDUSTRIES.
For more information, please contact:
Tina Ji, Lina Zhang Project Manager
Add: 8/F,OOCL Plaza, 841 Yan An Zhong Road, Shanghai
200040, China
Tel: +86-21-6279-2828
Fax: +86-21-6545-5124
Email: info@siec-ccpit.com
Web: http://www.siec-ccpit.com
SOURCE Shanghai International Exhibition Co., Ltd.
2007'02.04.Sun
Aleris International, Inc. Announces Organizational Changes Related to the Pending Acquisition of the Corus Aluminum Business
July 03, 2006
BEACHWOOD, Ohio, July 3 /Xinhua-PRNewswire/ -- Aleris
International, Inc. (NYSE: ARS) announced today several
organizational changes related to its planned acquisition
of the downstream aluminum businesses of Corus Group plc.
Sean M. Stack, currently Senior Vice President,
Treasurer and Corporate Development of Aleris, will become
Executive Vice President of Aleris and President-Europe
upon completion of the pending Corus Aluminum acquisition.
He will have regional leadership responsibility for all of
the European aluminum rolled products and extrusion
businesses to be acquired from Corus as well as
responsibility for all of Aleris's existing European-based
aluminum recycling and specification alloy businesses.
Corus Aluminum's Canadian operations will report to John
Wasz, Executive Vice President, Aleris and President,
Aleris Rolled Products, North America. Mr. Stack joined
Aleris in 2004. Previously, Mr. Stack served as Vice
President and Treasurer of Commonwealth Aluminum, and was
Vice President and Treasurer of Noveon, Inc. prior to
that.
Alfred Haszler, currently Managing Director of Corus
Aluminum Rolled Products, will become, upon the closing of
the pending Corus Aluminum acquisition, Senior Vice
President of Aleris and President, Aleris Rolled and
Extruded Products-Europe. He will have responsibility for
the European rolled products business, as well as the
aluminum extrusions business. Werner Graf will continue to
lead the extrusion business as Managing Director, reporting
to Mr. Haszler. In his new position, Mr. Haszler will
report jointly to Steve Demetriou, Chairman and CEO of
Aleris and Sean Stack. Mr. Haszler has served in his
current position since 2004, and has worked in various
management positions with Corus and the Koblenz plant
operations in Germany since 1970.
Gerhard Buddenbaum, Executive Director, Corus Aluminum
Division and a member of the Corus Group plc. Executive
Committee previously announced his retirement from Corus,
effective June 30. He will be retained by Aleris following
the acquisition as a senior consulting advisor.
Commenting on the leadership announcements, Mr.
Demetriou said, "Alfred Haszler and Sean Stack will
bring aggressive and top quality leadership to our
expanding European business. Alfred Haszler is well known
in the rolled products industry and will lead one of the
most capable and technically proficient businesses in our
industry. Sean Stack brings financial acumen and strategic
vision to our European businesses. Under their leadership,
I am confident we will have one of the strongest leadership
teams in our industry."
He went on to say, "We look forward to having
Gerhard Buddenbaum on our team. He has been a dynamic
executive in the aluminum industry throughout his long and
distinguished career.
The organizational changes are expected to take effect
upon the closing of the pending Corus transaction. The
closing of the acquisition is envisaged in the third
quarter of 2006.
Aleris International, Inc. is a major North American
manufacturer of rolled aluminum products and is a global
leader in aluminum recycling and the production of
specification alloy. We are also a leading manufacturer of
value-added zinc products that include zinc oxide, zinc dust
and zinc metal. Headquartered in Beachwood, Ohio, a suburb
of Cleveland, the Company operates 41 production facilities
in the U.S., Brazil, Germany, Mexico and Wales, and employs
approximately 4000 employees. For more information about
the Company, please visit our Web site at
http://www.aleris.com .
SAFE HARBOR REGARDING FORWARD-LOOKING STATEMENTS
Forward-looking statements made in this news release
are made pursuant to the safe harbor provision of the
Private Securities Litigation Reform Act of 1995. These
include statements that contain words such as
"believe," "expect,"
"anticipate," "intend,"
"estimate," "should" and similar
expressions intended to connote future events and
circumstances, and include statements regarding future
actual and adjusted earnings and earnings per share; future
improvements in margins, processing volumes and pricing;
overall 2006 operating performance; anticipated higher
adjusted effective tax rates; expected cost savings;
success in integrating Aleris's recent acquisitions; its
future growth; an anticipated favorable economic
environment in 2006; future benefits from acquisitions and
new products; expected benefits from industry consolidation
and post-hurricane reconstruction; and anticipated synergies
resulting from the merger with Commonwealth and other
acquisitions. Investors are cautioned that all
forward-looking statements involve risks and uncertainties,
and that actual results could differ materially from those
described in the forward-looking statements. These risks
and uncertainties would include, without limitation,
Aleris's levels of indebtedness and debt service
obligations; its ability to effectively integrate the
business and operations of its acquisition; further
slowdowns in automotive production in the U.S. and Europe,
the financial condition of Aleris's customers and future
bankruptcies and defaults by major customers; the
availability at favorable cost of aluminum scrap and other
metal supplies that the Company processes; the ability of
the Company to enter into effective metals, natural gas and
other commodity derivatives; continued increases in natural
gas and other fuel costs of the Company; a weakening in
industrial demand resulting from a decline in U.S. or world
economic conditions caused by terrorist activities or other
unanticipated events; future utilized capacity of the
Company's various facilities; a continuation of building
and construction customers and distribution customers
reducing their inventory levels and reducing the volume of
the Company's shipments; restrictions on and future levels
and timing of capital expenditures; retention of the
Company's major customers; the timing and amounts of
collections; currency exchange fluctuations; future
write-downs or impairment charges which may be required
because of the occurrence of some of the uncertainties
listed above; and other risks listed in the Company's
filings with the Securities and Exchange Commission,
including but not limited to the Company's annual report on
Form 10-K for the fiscal year ended December 31, 2005, and
quarterly report on Form 10-Q for the quarter ended March
31, 2006, particularly the sections entitled "Risk
Factors" contained therein.
(Logo:
http://www.newscom.com/cgi-bin/prnh/20050504/CLW056LOGO )
For more information, please contact:
Michael D. Friday
Aleris International, Inc.
Tel: +1-216-910-3503
SOURCE Aleris International, Inc.
2007'02.04.Sun
World Premier of Floating Bed by Dutch Architect Janjaap Ruijssenaars
July 03, 2006
AMSTERDAM, Netherlands, July 3 /Xinhua-PRNewswire/ --
Conventional furniture is in contact with the earth through
gravity. Floating Bed overcomes this fundamental power and
falls towards the sky. Four thin cables assure its
motionless position and form the only contact with the
ground.
Thanks to the smart use of permanent magnetic material
Floating Bed can carry a load of 900 kilogram.
With a floating distance of 40 cm. one can think of
different functions such as a bed, sofa, Japanese dining
table, display for products or as a base for a floating
pavilion.
The magnetic field on top of the Floating Bed is
strongly reduced, so bank cards will not be erased.
Architect Janjaap Ruijssenaars (33) worked for six
years with several specialists, under which Bakker
Magnetics, on the development of Floating Bed. It is a
project that only recently reached its technical
realizability.
Floating Bed had its world premier in June 2006 with
the presentation of the scale model (1:5) at the
Millionaire Fair in Kortrijk (Belgium) and at the 100%
Design Fair in Rotterdam (the Netherlands). The concept and
the different uses are registered and protected by designer
Janjaap Ruijssenaars.
Extra:
The shown object below can be seen as the captured form
used by Stanley Kubrick in the 1968 movie '2001: A Space
Odyssey'.
The monolith, as Stanley Kubrick and science-fiction
writer Arthur C. Clarke suggest, must have been made by
other powers than those responsible for the usually
circular planetary bodies and other more liberal forms,
such as organisms. The rectangle as a metaphor for the
existence of intelligent life.
The subtitle of Floating Bed is '2001: A Spaed
Oddity.'
guiding prices:
Floating Bed 1:5 - euro 115.000
Floating Bed 1:1 - euro 1.200.000
ir. Janjaap Ruijssenaars (1973) is architect (Master of
Science) and founder of Universe Architecture.
His work includes urban planning, architecture and
design. By reflecting these professions on one another,
fascinating new ideas and forms emerge. This Floating Bed
is an intriguing example of this process.
For a picture of Floating Bed please copy and paste the
link below into your browser:
http://www.perssupport.nl/bijlage.php?id=472&bestand=Floating%20Bed%20by%20Janjaap%20Ruijssenaars.JPG
For more information, see
http://www.UniverseArchitecture.com
For more information, please contact:
Janjaap Ruijssenaars
Tel: +31-20-6165424
Email: info@universearchitecture.com
SOURCE Universe Architecture
2007'02.04.Sun
Xinhua Far East Upgrades Issuer Credit Rating of Shenzhen Airport Co., Ltd. to A+; Rating Outlook Remains Stable
July 03, 2006
HONG KONG, July 3 /Xinhua-PRNewswire/ -- Xinhua Far
East China Ratings ("Xinhua Far East") today
upgraded the issuer credit rating of Shenzhen Airport Co.,
Ltd. ("SACL" or "the Company", SZ A
000089) from A to A+; however, the Company's rating outlook
remains stable.
The rating action was prompted by the successful
disposal of SACL's high-risk financial investments which
will now enable SACL to focus on its core airport
operations business. The upgrade takes into account views
about the Company's future growth potential in light of the
Pearl River Delta's vibrant economy, as well as improvements
in daily aircraft movements and the use of bigger aircraft
by airlines. The rating also considers the Company's sound
profitability and its conservative capital structure.
The Company recently announced that it had already
disposed of its high-risk financial investments, with
RMB868.3 million going to Shenzhen Airport Group Co., Ltd.
("the Group"), SACL's controlling shareholder,
during the non-tradable share reform. In return, SACL
obtained a 21% interest in Chengdu Shuangliu Airport, on an
appraisal value of RMB382.6 million, as well as part of the
Shenzhen Airport facilities, on an appraisal value of
RMB53.6 million. It also received a cash payment of
RMB432.1 million from the group.
In Xinhua Far East's opinion, the asset replacement
arrangement will enable SACL to concentrate on its core
airport operations business and end its exposure to recent
financial investment losses. In 2003 and 2004, it reported
investment losses of RMB2.6 million and RMB40.4 million
respectively. The acquisition of its interest in Chengdu
Shuangliu Airport will also enable it to further benefit
from Western China's rapid economic development.
The vibrant economy in the Pearl River Delta region
helped SACL report turnover of RMB1,013 million in 2005,
representing a compound annual growth rate
("CAGR") of 13% in the period from 2001 to 2005.
However, the Company's average daily aircraft movement rate
was around 415 times per day in 2005, indicating a 20%
upside potential for improvement, given that the daily
aircraft movement limit regulated by the General
Administration of Civil Aviation of China
("CAAC") is 500 times per day. The bigger
aircrafts used by airlines to meet surging market demand
will also expand SACL's revenue base, with the unit charge
for bigger aircraft higher than that for smaller aircraft.
As a result, Xinhua Far East believes that the Company will
maintain its strong growth, at least in the short to medium
term.
SACL's credit profile is further enhanced by its sound
profitability and conservative financial policies, with the
Company reporting an EBIT margin of 37%, 37.7% and 41.6% in
2004, 2005 and the first quarter of 2006 respectively,
while its gross debt to total capitalization ratio was
1.7%, 1.2% and 6.8% for these periods.
Shenzhen Airport Co., Ltd. ("SACL" or
"the Company") is the operator of Shenzhen
airport. Passenger throughput, cargo throughput and
aircraft movement in Shenzhen Airport reached 16.3 million
passengers, 0.47 million tons and 0.15 million times in
2005, representing a year-on-year increase of 14.25%,
10.19% and 7.76% respectively from that of 2004 and ranking
it fifth, forth and sixth among civic airports in mainland
China. Shenzhen Airport Group Co., Ltd. ("the
Group") is the controlling shareholder of the Company,
with a 54.63% stake under control.
Chengdu Shuangliu Airport reported passenger
throughput, cargo throughput and aircraft movement of 13.9
million passengers, 0.25 million tons and 0.13 million
times, ranking it sixth, sixth and the seventh respectively
among civil airports in mainland China in 2005.
SACL is also a constituent of the Xinhua/ FTSE China
200 Index and, as of market close on June 30, 2006, its
total market capitalization and investable capitalization
were RMB7,990 million and RMB3,995 million respectively.
For the rating report summary, please visit
http://www.xinhuafinance.com/creditrating .
Note to Editors:
About Xinhua FTSE China 200 Index
Xinhua FTSE China 200 Index is the large cap index in
the Xinhua FTSE China A Share Index Series and includes the
top 200 companies in China by market cap. It is designed as
a tradable index and is calculated in real-time every 15
seconds. For daily data and further information, see
http://www.xinhuaftse.com .
About Xinhua Far East China Ratings
Xinhua Far East China Ratings (Xinhua Far East) is a
pioneering venture in China that aims to rank credit risks
among corporations in China. It is a strategic alliance
between Xinhua Finance (TSE Mothers: 9399), and Shanghai
Far East Credit Rating Co., Ltd. Shanghai Far East became a
Xinhua Finance partner company in 2003 and the first China
member of The Association of Credit Rating Agencies in Asia
in December 2003.
Capitalizing on the synergy between Xinhua Finance and
Shanghai Far East, Xinhua Far East's rating methodology and
process blend unique local market knowledge with
international rating standards. Xinhua Far East is
committed to provide investors with independent, objective,
timely and forward-looking credit opinions on Chinese
companies. It aims to help investors differentiate the
credit risks among the corporations in China, thereby,
cultivating their awareness and promoting information
disclosures and transparency in China market.
For more information, see
http://www.xfn.com/creditrating .
About Xinhua Finance Limited
Xinhua Finance Limited is China's unchallenged leader
in financial information and media, and is listed on the
Mothers board of the Tokyo Stock Exchange (symbol: 9399)
(OTC ADRs: XHFNY). Bridging China's financial markets and
the world, Xinhua Finance serves financial institutions,
corporations and re-distributors through four focused and
complementary service lines: Indices, Ratings, Financial
News and Investor Relations. Founded in November 1999, the
Company is headquartered in Shanghai with 20 news bureaus
and offices in 19 locations across Asia, Australia, North
America and Europe.
For more information, please visit
http://www.xinhuafinance.com .
About Shanghai Far East Credit Rating Co., Ltd
Shanghai Far East Credit Rating Co., Ltd. is the first
and leading professional credit rating company with
comprehensive business coverage in China. It is an
independent agency established by the Shanghai Academy of
Social Sciences with the mission to develop internationally
accepted standards for capital market in China. The company
is a pioneer in conducting bond-rating business in China.
For years, it has been authorized by the Shanghai branch of
the PBOC to undertake loan certificate credit rating.
Since establishment, it has rated over 1,000 corporate
long-term bonds and commercial papers, based on the
principles of objectivity, fairness and independence. The
company has also maintained over 50% market share in the
loan certificate-rating sector in Shanghai for three
consecutive years. With its strong local presence and
knowledge, it provides investors with unique and the most
insightful credit opinion.
For more information, see http://www.fareast-cr.com
For more information, please contact:
Hong Kong
Joy Tsang,
Corporate & Investor Communications Director,
Xinhua Finance
Tel: +852-3196-3983
+86-21-6113-5999
+852-9486-4364
Email: joy.tsang@xinhuafinance.com
US
Taylor Rafferty (IR/PR Contact in US)
Ms. Ishviene Arora
Tel: +1-212-889-4350
Email: ishviene.arora@taylor-rafferty.com
SOURCE Xinhua Far East China Ratings
2007'02.04.Sun
Corning Recognized for Supplier Excellence by United Space Alliance
July 03, 2006
Space Flight Awareness Supplier Award honors outstanding support for NASA Human Space Flight Programs
CORNING, N.Y., July 3, /Xinhua-PRNewswire/ -- Corning
Incorporated (NYSE:GLW) has been awarded the NASA Space
Flight Awareness Supplier Award by United Space Alliance.
The award recognizes Corning's Specialty Materials team in
Canton, N.Y., for exceeding challenging requirements to
deliver two-inch and three-inch diameter external tank
camera windows in support of NASA's return-to-flight
initiatives. Corning is only the sixth supplier to receive
this award from United Space Alliance.
Mike McCulley, president and chief executive officer,
United Space Alliance, and STS-34 shuttle astronaut,
presented the award to James Steiner, senior vice president
and general manager, Corning Specialty Materials, during a
ceremony at the Canton facility. "United Space
Alliance is fortunate to have Corning as a strong and
reliable supplier team," said McCulley. "This
award is one way we have of showing praise for what we
consider the best of the best."
"We are honored to be recognized by United Space
Alliance for our responsiveness to customer needs,"
Steiner said. "Corning has been proud of its role in
NASA initiatives from the first manned space flight to
present-day missions. We look forward to continuing to
supply high-performance specialty materials for
mission-critical applications."
Camera windows allow NASA to monitor the shuttle's
underside for potential issues, such as de-lamination of
insulating foam, during launch and flight. The windows are
made from ultra-pure, fused silica that combines
outstanding optical properties with a coefficient of
thermal expansion necessary to withstand extreme
temperature fluctuations.
The Canton facility manufactured the original space
shuttle windows in the mid-1970s and has been supporting
flight operations with replacement thermal panes ever
since.
About Corning Incorporated
Corning Incorporated ( http://www.corning.com ) is a
diversified technology company that concentrates its
efforts on high-impact growth opportunities. Corning
combines its expertise in specialty glass, ceramic
materials, polymers and the manipulation of the properties
of light, with strong process and manufacturing
capabilities to develop, engineer and commercialize
significant innovative products for the telecommunications,
flat panel display, environmental, semiconductor, and life
sciences industries.
For more information, please contact:
Lydia Lu
Tel: +86-21-5467-4666-1900
Email: lulr@corning.com
Elijah A. Baity
Tel: +1-607-974-8908
Email: baityea@corning.com
Kelli C. Hopp-Michlosky
Tel: +1-607-974-1657
Email: hoppkc@corning.com
SOURCE Corning Incorporated
2007'02.04.Sun
New Study Shows That Needless Suffering of Ostomy Patients May Be Avoided
July 03, 2006
HONG KONG, July 3 /Xinhua-PRNewswire/ -- A new study
has revealed that almost half of all people living with a
permanent stoma have a skin disorder around their stoma
that may be avoided by regular visits to a specialist
nurse. These disorders cause significant discomfort and
reduce the quality of life for the affected individual. The
results of the study have just been presented at the
biennial congress of the World Council of Enterostomal
Therapists (WCET) in Hong Kong on 2-6 July 2006.
The OstomySkinStudy, which studied a diverse group of
people with ostomies living in the community, found that
45% of the group had skin disorders around their stoma.
Surprisingly, many of these people did not realise they had
a skin disorder, and more than 80% had not sought help from
their physician or stoma-care nurse. Furthermore, some
patients did not recognize their condition even when
specialized physicians diagnosed their skin disorder as
severe.
The study was performed by stoma care nurses and
physicians in association with Coloplast, a world leading
developer and manufacturer of ostomy products.
Skin disorders are a common problem for patients living
with an ostomy. The study also shows that waste getting in
contact with the skin as it leaves the stoma is the main
cause of skin disorders. Many patients living with a stoma
have come to accept the resulting discomfort and impaired
quality of life.
Dr. Gregor Jemec, chairman of the department of
Dermatology at Roskilde University Hospital, Denmark who
supervised the study says: "This important
bench-marking study is based on a representative sample of
patients and shows the scope of ostomy care to improve the
lives of many patients".
Stoma-care nurses who examined patients in the
OstomySkinStudy have recommended regular, annual follow-up
visits for all people living with ostomies at their local
stoma care clinic.
About ostomy
An ostomy is a surgical procedure that creates an
artificial opening in the body, called a stoma (from the
Greek word for 'mouth'). The stoma provides an alternative
way to get rid of waste when the normal route is unable to
function due to disease or injury. Waste is collected in a
bag that is attached to the skin surrounding the stoma with
an adhesive. In the intestinal tract, the opening can be
made in the large intestine (colostomy) or the small
intestine (ileostomy). In both types of ostomy, waste
leaves the body through the stoma instead of through the
rectum. A third type of ostomy, a urostomy, allows urine to
pass out of the body.
In Western countries it is estimated that 1 out of 1000
people are living with a stoma.
About Coloplast
Coloplast is an international company that develops,
manufactures and markets medical devices and services
designed to improve the quality of life of customers. Based
in Humlebaek Denmark, Coloplast has subsidiaries worldwide.
The range of products and services supplied by
Coloplast includes urology & continence care products,
ostomy care products, dressings for treatment of chronic
wounds, skin care products for prevention and treatment,
and breast forms and special textiles for women after
breast surgery.
Coloplast developed the world's first disposable ostomy
bag and is continuing to improve ostomy care through user
driven innovation and the development of new products. The
company is committed to working closely with both stoma
care professionals and patients to help people with a stoma
maintain their lifestyle and live a full life after ostomy
surgery.
Web site: http://www.coloplast.com
For more information, please contact:
Media:
Jens Tovborg Jensen
Tel: +45-3085-1922
Tina W. Hahn
Ostomy Division
Tel: +45-3085-2785
SOURCE Coloplast A/S
2007'02.04.Sun
MEDIA ADVISORY: Ensuring Safer Food For Everyone: Codex Alimentarius Commission Meets in Geneva
July 03, 2006
WHAT: The Codex Alimentarius Commission, the
international food standards body of the United Nations,
will meet in Geneva from 3-7 July 2006 to consider the
adoption of a number of important proposals to improve
protection of consumers from disease-causing organisms and
substances by reducing their contamination of foods.
If adopted, the proposals would set standards and
facilitate international food trade by eliminating
unjustified technical barriers. Some 500 delegates from
about 100 countries and numerous Non-governmental
Organizations are expected to attend.
Under consideration are issues which are important to
developing and developed countries alike, including:
-- The establishment of a Task Force on Antimicrobial
Resistance. The
new Codex Task Force would have the mandate to
develop risk
assessment policies and strategies to reduce food
safety risks
associated with certain uses of antimicrobials in
animals;
-- Maximum limit for lead in fish - lead can cause a
wide range of
disorders including anemia and hepatic and
neurological disorders;
-- Maximum limits for cadmium in rice, marine bivalve
molluscs and
cephalopods -- cadmium can provoke kidney damage;
-- Measures for the prevention of aflatoxin
contamination of Brazil
nuts -- aflatoxins are carcinogenic;
-- Measures for the Prevention and reduction of Dioxin
and Dioxin-like
PCB contamination in food and feed. These
substances are highly
toxic and carcinogenic.
The Codex Alimentarius Commission -- a joint venture of
the Food and Agriculture Organization of the United Nations
and the World Health Organization -- has 173 Member States
and one Member Organization (the European Community).
Codex Standards form the basis of food legislation in
many countries and are recognized as international
benchmarks by one of the multilateral agreements of the
World Trade Organization.
WHERE: Geneva International Conference Centre, Geneva,
Switzerland
WHEN: 3-7 July 2006
PRESS: All sessions of Codex are open to the public. A
closing press conference is scheduled to take place on
Friday, 7 July at 12h30 at the CICG, Geneva.
For interview requests and more information, please
contact:
Mr Gregory Hartl,
Communications Adviser,
Sustainable Development and Healthy Environments
Cluster,
World Health Organization (WHO), CH-1211 Geneva 27
Tel: +41-22-791-4458
Fax: +41-22-791-4725
Email: hartlg@who.int
All information on Codex can be obtained from the
web-site: http://www.codexalimentarius.net/web/index_en.jsp
. All WHO Press Releases, Fact Sheets and Features and WHO
public service announcements, as well as other information
can be obtained from http://www.who.int/multimedia .
SOURCE World Health Organization
2007'02.04.Sun
Paris Men's Fashion Week: Louis Vuitton Men's Presentation for Spring Summer 2007
July 03, 2006
PARIS, July 3 /Xinhua-PRNewswire/ -- The house of Louis
Vuitton, with Marc Jacobs as Artistic Director, opened
fashion week in Paris with its Spring Summer 2007
collection in the prestigious halls of the Petit Palais.
(Photo:
http://www.newscom.com/cgi-bin/prnh/20060630/VUITTON-a
http://www.newscom.com/cgi-bin/prnh/20060630/VUITTON-b
http://www.newscom.com/cgi-bin/prnh/20060630/VUITTON-c )
Yves Carcelle, President of Louis Vuitton received the
international press and such exceptional personalities as
Sagamore Stevenin, Bruno Todeschini, Stanislas Merhar and
Jalil Lespert.
The photographs are available on:
easyshare.oodrive.com/easyshare/fwd/link=GYjPWcKdnYrpwYpuw6FpkA?action=view
or on prnewswire.com
For more information, please contact:
Aurelie Fiolleau
Louis Vuitton press office
Tel: +33-1-55-80-35-96
SOURCE Louis Vuitton
2007'02.04.Sun
Asthma Patients Chase Symptoms Rather Than Preventing the Underlying Disease
July 03, 2006
Large Study Demonstrates That Patients May Miss the Opportunity for Avoiding Asthma Attacks
LUND, Sweden, July 3 /Xinhua-PRNewswire/ -- New data on
the attitudes and behaviours of asthma patients just
published in BMC Pulmonary Medicine highlight the need for
a new strategy in asthma management.
The International Asthma Patient Insight Research
(INSPIRE) study is the first large scale (n=3,415 patients)
study in asthma patients on regular maintenance therapy. The
study offers valuable insight in asthma patients' attitudes
to asthma management, the impact of the condition on their
daily lives, and how they respond to sudden worsenings of
their symptoms.
Perhaps the most interesting insight for healthcare
professionals who treat asthma patients is that there is a
window of missed opportunity in current asthma management.
The INSPIRE study shows that patients recognise the most
common signs of an approaching worsening of their symptoms
such as 'shortness of breath/getting breathless', as a
'warning period' but fail to prevent the attack itself.
From first noticing deterioration to the peak of a
worsening, patients in the INSPIRE study reported a mean
onset of 5.1 days but rather than adjusting the usage of
preventative therapy, patients increase their reliever
therapy thereby treating the symptoms rather than
preventing the inflammation causing the worsening in the
first place.
"The INSPIRE study provides the first clear
evidence that 'warning periods' prior to an asthma attack
are experienced by most people with asthma, marking a real
breakthrough in our understanding of the disease. Warning
signs are well understood in other disease areas such as
diabetes, acting as markers to prevent adverse events. By
understanding that asthma patients can identify the signs
of a forthcoming attack we can ensure that patients grasp
the window of opportunities and adjust their medication
appropriately already at the initial signs of a
worsening," said Professor Martyn R. Partridge,
Faculty of Medicine, Imperial College London and member of
the INSPIRE Steering Committee.
The majority of patients (71%) agree that they are much
more likely to try and manage their asthma themselves rather
than visit their physician when their symptoms become
bothersome. However, the study highlights that many people
with asthma are poorly controlled. Despite being on regular
medication, only 28% of patients were well controlled, and
most patients (84%) experienced periods of worsenings
within the last year (mean 11/year). On average 27% of the
worsenings that they had experienced in the last year were
severe.
"The findings from INSPIRE provides us with a
strong rationale and an opportunity to improve the way
patients are managing their asthma. The fears, concerns,
attitudes and desire for participation in their own disease
management were remarkably consistent around the world. And
that knowledge should be used to form a future platform for
patient education in self-management. The study shows that
the vast majority of patients want treatments that provide
immediate relief, and want to be able to adjust their
asthma therapy to the changes of their asthma. The
effectiveness of any treatment is based upon a combination
of the treatment's efficacy and the patient's compliance or
adherence to their doctor's guidance. A potential advance in
future treatment strategy could be to take the current
effective treatments that many patients today use
sub-optimally and ensure patients are guided to increase
their preventative treatment earlier," concluded
Martyn R. Partridge.
INSPIRE was conducted in eight European countries
including: UK, Belgium, Sweden, The Netherlands, Germany,
Italy, France and Spain and is based on interviews with
more than 2,400 asthma patients suffering from moderate to
severe asthma. Similar interviews have subsequently been
conducted in Canada, the US and Australia, bringing the
total number of patients in the INSPIRE study to over 3,400
patients.
References:
1) BMC Pulmonary Medicine:
http://www.biomedcentral.com/bmcpulmmed/
M Partridge: BMC Pulmonary Medicine 2006;6:13
2) INSPIRE abstract citations (ERS 2005, European data
only)
M Partridge, ERS 2005: European Respiratory Journal
2005;26(49):Abs1710
T van der Molen, ERS 2005: European Respiratory
Journal
2005;26(49):Abs166
The INSPIRE study was funded by AstraZeneca.
AstraZeneca are the manufacturers of Symbicort(R), a
combination of the inhaled corticosteroid budesonide and
rapid- and long-acting beta-agonist formoterol, which is
indicated for the treatment of asthma and COPD.
AstraZeneca is a major international healthcare
business engaged in the research, development, manufacture
and marketing of prescription pharmaceuticals and the
supply of healthcare services. It is one of the world's
leading pharmaceutical companies with healthcare sales of
$23.95 billion and leading positions in sales of
gastrointestinal, cardiovascular, neuroscience,
respiratory, oncology and infection products. AstraZeneca
is listed in the Dow Jones Sustainability Index (Global) as
well as the FTSE4Good Index.
For more information, please contact:
Cecilia Svensson, Global PR Manager
AstraZeneca
Tel: +46-46-33-77-72
Mette Thorn Sorensen, Senior Consultant
Cohn & Wolfe
Tel: +45-41-38-43-00
SOURCE AstraZeneca
2007'02.04.Sun
Sale of Travelport Affirms its Recognition as One of the World's Largest Networks of Travel Brands
July 03, 2006
Affiliate of The Blackstone Group Signs Definitive Agreement to Acquire Cendant's Travelport Unit for Approximately $4.3 Billion
PARSIPPANY, N.J., July 3 /Xinhua-PRNewswire/ -- An
announcement by Cendant Corporation (NYSE: CD) that it has
agreed to sell its travel distribution services subsidiary,
Travelport, to an affiliate of The Blackstone Group, marked
Travelport's prominence as one of the world's largest and
most geographically dispersed competitors in the $6
trillion global travel industry.
"As a private company, Travelport will now have
considerably greater financial latitude and firepower to
take advantage of burgeoning opportunities in the travel
market," said Jeff Clarke, Travelport's president and
CEO. "Our unmatched global reach and local expertise,
together with our strong management team and unique
portfolio of assets, is a great combination for future
success in the flourishing travel space."
"I believe Travelport is poised to become the most
relevant global brand in the travel industry," said
Gordon Bethune, Travelport's Chairman. "Whether
you're a traveler, travel professional or travel supplier,
Travelport will offer more ways for its customers to create
and enjoy exceptional travel experiences."
Travelport Factoids:
* An integrated, focused leader in a dynamic $6
trillion industry that
processes over 100 million transactions annually
* A network of more than 8,000 employees across more
than 140 countries
* A well-established presence in the travel market of
roughly 30 years
and a portfolio of over 20 leading travel brands
including Orbitz,
Galileo and Gullivers Travel Associates (GTA)
* Travelport provides access to more than 400 airlines,
75,000 hotels,
28,000 car rental locations and 8,000 tourist
attractions
* A Global Distribution System that occupies the number
1, 2 or 3
position on all continents
* Connecting travel suppliers to 52,000 travel agency
locations and
some of the world's leading online travel sites
including Orbitz,
CheapTickets and ebookers
* Delivering over 17 million hotel bookings
annually-that's enough to
fill every one of the guest rooms at the world's
largest hotel every
night for over 15 years
* Reserving over 10.5 million cars per year-placed in
one line, these
rentals would stretch 24,000 miles; a line of
vehicles long enough to
circle the globe
* Galileo was voted Best Travel Distribution Company in
2005, Best
Reservation System for 2006 and Best Corporate
Technology in the UK
for 2005
* Orbitz has received service awards from J.D. Power
& Associates, The
Independent Customer Respect Study and The Best in
the Business
Travel Awards
* Providing convenient, cost-saving e-ticketing on over
120 airlines,
which not only saves the airlines millions of dollars
annually but
also saves 13 acres of forest per month
* Orbitz was the first, and we believe remains the
only, online travel
agency to offer a dedicated Customer Care
Team-comprising former air
traffic controllers and travel agents through the
Orbitz TLC
Center-that monitors US travel conditions and updates
customers 24/7
Travelport today also unveiled its dynamic new
logo/brand identity, which not only symbolizes the three
key elements of travel-earth, sea and sky, but also
embodies the continuous integration of the Company's core
businesses-Orbitz, Galileo and GTA; moving together in a
forward motion.
"There has been a lot of excitement and
anticipation around the development of our new logo,"
Clarke said. "But we're also cognizant that a brand
isn't just about a logo or a visual identity -- its about
defining who we are, what we stand for, our values and
culture, and the value we deliver to our customers. I
believe that in time, what will differentiate Travelport
from its competitors will be a refreshing, unmatched brand
proposition based on global expertise, extraordinary value
and innovative customer service."
About Travelport
Travelport is one of the world's largest and most
geographically diverse travel companies. With a network of
over 8,000 local travel professionals working in more than
140 countries, Travelport delivers greater choice, more
content and cost savings to travelers, travel professionals
and travel suppliers every day. Travelport offers a wide
range of business and consumer services, from distribution
technology and travel packaging to retail sales and
solutions. Travelport operates over 20 leading brands,
including Orbitz, an online travel agency; Galileo, a
global distribution system (GDS); and GTA, a wholesaler of
global travel content.
About Cendant Corporation
Cendant Corporation is primarily a provider of travel
and residential real estate services. With approximately
85,000 employees, New York City-based Cendant provides
these services to businesses and consumers in over 100
countries. More information about Cendant, its companies,
brands and current SEC filings may be obtained by visiting
the Company's Web site at http://www.cendant.com .
About the Blackstone Group
The Blackstone Group, a global private investment and
advisory firm, was founded in 1985. The firm has raised a
total of approximately $59 billion for alternative asset
investing since its formation of which roughly $27 billion
has been for private equity investing. The Private Equity
Group has over 60 experienced professionals with broad
sector expertise. Blackstone's other core businesses
include Private Real Estate Investing, Corporate Debt
Investing, Hedge Funds, Mutual Fund Management, Private
Placement, Marketable Alternative Asset Management, and
Investment Banking Advisory Services. Further information
is available at http://www.blackstone.com .
Forward-Looking Statements
Certain statements in this press release constitute
"forward-looking statements" within the meaning
of the Private Securities Litigation Reform Act of 1995.
Such forward-looking statements involve known and unknown
risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the Company
to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking statements. Statements preceded by,
followed by or that otherwise include the words
"believes", "expects",
"anticipates", "intends",
"projects", "estimates",
"plans", "may increase", "may
fluctuate" and similar expressions or future or
conditional verbs such as "will",
"should", "would", "may" and
"could" are generally forward-looking in nature
and not historical facts. Any statements that refer to
expectations or other characterizations of future events,
circumstances or results are forward-looking statements.
The Company cannot provide any assurances that the
separation or any of the proposed transactions related
thereto (including the proposed sale of the travel
distribution services division, Travelport) will be
completed, nor can it give assurances as to the terms on
which such transactions will be consummated. The sale of
Travelport is subject to certain conditions precedent as
described in the Purchase Agreement relating to the sale.
In addition, the other separation transactions are subject
to other conditions precedent, including final approval by
the Board of Directors of Cendant.
Various risks could cause future results to differ from
those expressed by the forward-looking statements included
in this press release. You are cautioned not to place undue
reliance on these forward-looking statements, which speak
only as of the date stated, or if no date is stated, as of
the date of this press release. Important assumptions and
other important factors that could cause actual results to
differ materially from those in the forward looking
statements are specified in Cendant's Form 10-K for the
year ended December 31, 2005, Cendant's Form 10-Q for the
three months ended March 31, 2006, Realogy Corporation's
Registration Statement on Form 10 and Wyndham Worldwide
Corporation's Registration Statement on Form 10 including
under headings such as "Forward-Looking
Statements", "Risk Factors" and
"Management's Discussion and Analysis of Financial
Condition and Results of Operations." Except for the
Company's ongoing obligations to disclose material
information under the federal securities laws, the Company
undertakes no obligation to release any revisions to any
forward-looking statements, to report events or to report
the occurrence of unanticipated events unless required by
law.
For more information, please contact:
Media:
Elliot Bloom
Cendant Corporation
Tel: +1-212-413-1832
Mobile: +1-917-783-2262
John Ford
The Blackstone Group
Tel: +1-212-583-5559
Web: http://www.cendant.com
SOURCE Cendant Corporation
2007'02.04.Sun
DuPont Titanium Technologies Announces a Price Increase for Titanium Dioxide Grades in Europe
July 03, 2006
WILMINGTON, Del., July 3 /Xinhua-PRNewswire/ -- DuPont
Titanium Technologies announced a price increase in Europe
for all DuPont titanium dioxide grades.
Effective July 1, 2006, or as permitted by contract,
prices for all titanium dioxide grades will increase 130
Euros per tonne in Europe.
This increase is supported by market dynamics and
significant increases in raw material, energy, fuel costs,
as well as reinvestment economics to meet future customer
needs. Other regional increases will be announced directly
within the local regions.
DuPont Titanium Technologies is the world's largest
manufacturer of titanium dioxide, serving customers
globally in the coatings, paper and plastics industries.
The company operates plants at DeLisle, Miss.; New
Johnsonville, Tenn.; Edge Moor, Del.; Altamira, Mexico; and
Kuan Yin, Taiwan; all of which use the chloride
manufacturing process. The company also operates a plant
in Uberaba, Brazil, for finishing titanium dioxide and a
mine in Starke, Fla. Technical service centers are located
in Uberaba, Brazil; Mexico City, Mexico; Mechelen, Belgium;
Kuan Yin, Taiwan; Ulsan, Korea; Wilmington, Del.; and
Shanghai, China, to serve the European, Middle Eastern,
United States, Asian and Latin America markets.
DuPont (NYSE: DD) is a science company. Founded in
1802, DuPont puts science to work by creating sustainable
solutions essential to a better, safer, healthier life for
people everywhere. Operating in more than 70 countries,
DuPont offers a wide range of innovative products and
services for markets including agriculture, nutrition,
electronics, communications, safety and protection, home
and construction, transportation and apparel.
For more information, please contact:
Kimberlie A. Lantz
Tel: +1-302-999-2361
Email: kimberlie.a.lantz@usa.dupont.com
Web: http://www.titanium.dupont.com
SOURCE DuPont Titanium Technologies
2007'02.04.Sun
Cendant Agrees to Sell Its Travel Distribution Services Subsidiary Travelport to an Affiliate of The Blackstone Group for Approximately $4.3 Billion in Cash
July 03, 2006
NEW YORK, July 3 /Xinhua-PRNewswire/ -- Cendant
Corporation (NYSE: CD) announced that it has entered into a
definitive agreement to sell Travelport, the Company's
travel distribution services subsidiary, to an affiliate of
The Blackstone Group for approximately $4.3 billion in cash.
The completion of the transaction is subject to
satisfaction of customary conditions to closing, including
the receipt of applicable regulatory approvals, and is
expected to close in August 2006.
The Company previously announced that proceeds from the
sale of Travelport would be primarily used to reduce the
indebtedness allocated to its Realogy and Wyndham
subsidiaries. Following completion of the sale of
Travelport, debt levels for Realogy and Wyndham are
expected to approximate $750 million and $600 million,
respectively.
Due to the additional disclosure required in the
Registration Statements on Form 10 for Realogy Corporation
and Wyndham Worldwide Corporation related to the use of
proceeds from the Travelport sale, Cendant now expects to
simultaneously spin-off its Realogy and Wyndham Worldwide
subsidiaries in late July.
Cendant was advised by Citigroup, JPMorgan and Evercore
and by the law firm of Skadden, Arps, Slate, Meagher &
Flom LLP.
About Travelport
Travelport is one of the world's largest and most
geographically diverse travel companies. With a network of
over 8,000 local travel professionals working in more than
140 countries, Travelport delivers greater choice, more
content and cost savings to travelers, travel professionals
and travel suppliers every day. Travelport offers a wide
range of business and consumer services, from distribution
technology and travel packaging to retail sales and
solutions. Travelport operates over 20 leading brands,
including Orbitz, an online travel agency; Galileo, a
global distribution system (GDS); and GTA, a wholesaler of
global travel content.
About the Blackstone Group
The Blackstone Group, a global private investment and
advisory firm, was founded in 1985. The firm has raised a
total of approximately $59 billion for alternative asset
investing since its formation of which roughly $27 billion
has been for private equity investing. The Private Equity
Group has over 60 experienced professionals with broad
sector expertise. Blackstone's other core businesses
include Private Real Estate Investing, Corporate Debt
Investing, Hedge Funds, Mutual Fund Management, Private
Placement, Marketable Alternative Asset Management, and
Investment Banking Advisory Services. Further information
is available at http://www.blackstone.com .
About Cendant Corporation
Cendant Corporation is primarily a provider of travel
and residential real estate services. With approximately
85,000 employees, New York City-based Cendant provides
these services to businesses and consumers in over 100
countries. More information about Cendant, its companies,
brands and current SEC filings may be obtained by visiting
the Company's Web site at http://www.cendant.com .
Forward-Looking Statements
Certain statements in this press release constitute
"forward-looking statements" within the meaning
of the Private Securities Litigation Reform Act of 1995.
Such forward-looking statements involve known and unknown
risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the Company
to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking statements. Statements preceded by,
followed by or that otherwise include the words
"believes," "expects,"
"anticipates," "intends,"
"projects," "estimates,"
"plans," "may increase," "may
fluctuate" and similar expressions or future or
conditional verbs such as "will,"
"should," "would," "may" and
"could" are generally forward-looking in nature
and not historical facts. Any statements that refer to
expectations or other characterizations of future events,
circumstances or results are forward-looking statements.
The Company cannot provide any assurances that the
separation or any of the proposed transactions related
thereto (including the proposed sale of the travel
distribution services division, Travelport) will be
completed, nor can it give assurances as to the terms on
which such transactions will be consummated. The sale of
Travelport is subject to certain conditions precedent as
described in the Purchase Agreement relating to the sale.
In addition, the other separation transactions are subject
to other conditions precedent, including final approval by
the Board of Directors of Cendant.
Various risks could cause future results to differ from
those expressed by the forward-looking statements included
in this press release. You are cautioned not to place undue
reliance on these forward-looking statements, which speak
only as of the date stated, or if no date is stated, as of
the date of this press release. Important assumptions and
other important factors that could cause actual results to
differ materially from those in the forward looking
statements are specified in Cendant's Form 10-K for the
year ended December 31, 2005, Cendant's Form 10-Q for the
three months ended March 31, 2006, Realogy Corporation's
Registration Statement on Form 10 and Wyndham Worldwide's
Registration Statement on Form 10, including under headings
such as "Forward-Looking Statements", "Risk
Factors" and "Management's Discussion and
Analysis of Financial Condition and Results of
Operations." Except for the Company's ongoing
obligations to disclose material information under the
federal securities laws, the Company undertakes no
obligation to release any revisions to any forward-looking
statements, to report events or to report the occurrence of
unanticipated events unless required by law.
For more information, please contact:
Media:
Elliot Bloom
Cendant Corporation
Tel: +1-212-413-1832
John Ford
The Blackstone Group
Tel: +1-212-583-5559
Investors:
Sam Levenson
Cendant Corporation
Tel: +1-212-413-1832
Henry A. Diamond
Cendant Corporation
Tel: +1-212-413-1920
SOURCE Cendant Corporation
2007'02.04.Sun
Xinhua China Reduces Ownership in Xinhua C&D to 8.18%
July 03, 2006
BEIJING, July 3 /Xinhua-PRNewswire/ -- Xinhua China
Ltd. ("Xinhua China" or the "Company")
(OTC Bulletin Board: XHUA), a US-traded holding company,
announced today it has reached an agreement, effective May
31, 2006, with Xinhua Publications Circulation &
Distribution Co., Ltd. to reduce its equity interest in
Xinhua C&D from 56.14% to 8.18%. The agreement
releases Xinhua China from its obligation to invest a
further $16.7 million in equity into Xinhua C&D.
By not making the additional equity investment and
after taking into account adjustments for prior year losses
at Xinhua C&D, the Company's net equity interest in
Xinhua C&D will be 8.18%, it said. The release of the
requirement to fund the additional $16.7 million to Xinhua
C&D improves Xinhua China's financial condition, it
noted, and allows Xinhua China to concentrate on its
intended co-publishing and e-commerce business
opportunities, while maintaining a strategic partnership
with Xinhua C&D.
The board of directors, as stated in its May 16, 2006
news release, views the opportunity for the sale of ebooks
in China to be substantial and potentially more profitable,
so it is transitioning from the traditional book
distribution business to its new online digital content
business model.
The Company's CEO, Xianping Wang, commented, "With
China rapidly becoming the most wired country in the world,
we are positioning ourselves to take advantage of the trend
for online content, particularly foreign content." Mr.
Wang added, "Internet usage in China by middle class
consumers is growing at an annualized rate of 60 percent.
There's no question China represents a great business
opportunity for online content and service
providers."
About Xinhua China
Xinhua China Ltd. is a US-traded holding company and a
US domiciled company with publishing and distribution
interests in China. Through its subsidiary, Beijing Joannes
Information Technology Co., Ltd., it is entering into the
online distribution businesses through existing and new
strategic partnerships with both domestic and foreign
publishers, authors, and distributors in China.
Safe Harbor Statement
This news release may include forward-looking
statements within the meaning of section 27a of the UNITED
STATES SECURITIES ACT of 1933, as amended, and section 21e
of the UNITED STATES SECURITIES and EXCHANGE ACT of 1934,
as amended, with respect to achieving corporate objectives,
developing additional project interests, Xinhua China's
analysis of opportunities in the acquisition and
development of various project interests and certain other
matters. These statements are made under the "safe
harbor" provisions of the United States private
securities litigation reform act of 1995 and involve risks
and uncertainties, which could cause actual results to
differ materially from those in the forward-looking
statements contained herein.
At Xinhua China Ltd.:
Alex Helmel
Investor Relations
Tel: +1-604-681-3864 or +1-800-884-3864
Email: info@xinhuachina.com.cn
At The Investor Relations Company:
Woody Wallace or Tad Gage
Tel: +1-312-245-2700
SOURCE Xinhua China Ltd.
2007'02.04.Sun
Avnet Electronics Marketing Wins Texas Instruments Gold Regional Resale Award
July 03, 2006
Avnet Electronics Marketing Asia Grows Texas Instruments Sales by More than 50 percent to Exceed US$100 million in 2005
SINGAPORE, July 3 /Xinhua-PRNewswire/ -- Avnet
Electronics Marketing Asia, an operating group of Avnet,
Inc. (NYSE: AVT), has added another award to its list of
industry accolades. The organization received the Gold
Regional Resale Award for 2005 from Texas Instruments (TI),
the world leader in digital signal processing and analog
semiconductor solutions.
The award, presented at the TI Asia Distribution
Conference, signifies that Avnet Asia has surpassed a
significant TI sales milestone by growing TI sales more
than 50 percent to exceed US$100M in 2005.
"Avnet Electronics Marketing Asia has played a
significant role in boosting sales and taking a greater
share of the booming market in the region," said TI
Asia President Mr. Terry Cheng. "Today, TI is in good
shape because its core competence in DSP and High
Performance Analog (HPA) is well proven to be the key
driving force in the coming communication and entertainment
era. By leveraging the sales and technical supports from
the distributors and other third parties resources, TI aims
to provide the best-in-class service to the customers and
enable them to deliver more innovative applications timely
and cost effectively. We always believe customers' success
is our success."
In addition, Avnet Electronics Marketing Asia received
other two awards at the TI Asia Distribution Conference.
Ramamurthy Chandran from Avnet India, was recognized as the
Best Product Manager in the sub-region designated as Rest of
Asia (ROA). The Avnet Electronics Marketing China Team 2
also received special recognition for extraordinary resale
growth in the area of High Performance Analog solutions.
Accepting the award on behalf of Avnet Electronics
Marketing Asia, Stephen Wong, president of Asia Pacific,
pointed out that the success was very much a team effort.
"We are thrilled to receive these awards, and I am
especially proud of the contributions of Ramamurthy
Chandran and the Avnet China Team who received particular
mention. I think it illustrates the complementary
strengths of Avnet Electronics Marketing and TI bring to
the market. TI is creating the semiconductor engines of
the Internet age, while Avnet Electronics Marketing
delivers the solutions to the customers as smoothly and
efficiently as possible."
About Avnet
Avnet, Inc., (NYSE: AVT) enables success from the
centre of the technology industry, providing cost-effective
services and solutions vital to a broad base of more than
100,000 customers and 300 suppliers. The company markets,
distributes and adds value to a wide variety of electronic
components, enterprise computer products and embedded
subsystems. Through its premier market position, Avnet
brings a breadth and depth of capabilities that help its
trading partners accelerate growth and realise cost
efficiencies. Avnet, Inc, a Fortune 500 company, is one of
the world's largest technology marketing, distribution and
services companies. Avnet and recently acquired company,
Memec, generated combined revenue in excess of US$13
billion in the past year through sales in 68 countries.
Avnet Electronics Marketing is the largest operating
group of Avnet Inc, serving a wide range of customers
including original equipment manufacturers (OEMs),
electronic manufacturing services (EMS) providers, and
small-to-medium customers in 68 countries, distributing
electronic components from leading manufacturers and
providing associated design-chain and supply-chain
services. The company's web site is located at
http://www.em.avnet.com .
For enquiries on releases by email, please call Rosa
Lee at (852) 2537 8022 or send a message to
rosa@eba.com.hk.
For more information, please contact:
Jaime Chan
Tel: +852-2410-2735
Email: jaime.chan@avnet.com
Wendy Allen/ Brian Peterson (EBA)
Tel: +852-2537-8022
Email: wendy@eba.com.hk/brian@eba.com.hk
SOURCE Avnet Electronics Marketing Asia
2007'02.04.Sun
The9 Announces Executive Appointment
July 03, 2006
SHANGHAI, China, July 3 /Xinhua-PRNewswire/ -- The9
Limited (Nasdaq: NCTY), a leading online game operator in
China, announced that it has appointed Mr. Alan Chen as
Vice President and Chief Technology Officer, effective July
1, 2006. Mr. Chen will be in charge of The9's technical
operations and developments, including technical functions,
business development, and game development.
Prior to joining The9, Mr. Chen built his career in the
high technology industry. Most recently, he served as
Executive Vice President at Hewlett-Packard (China) Co.,
Limited in the Technology Services Group. Prior to that,
he served as Vice President of Professional Services,
Greater China, at Lucent Technologies (China) Limited, and
General Manager of Carrier Packet Solutions, Greater China,
at Nortel Networks (China) Limited. In the past twenty
years, Mr. Chen has accumulated extensive domestic and
international experience through working in the Asia
Pacific region and Canada. Mr. Chen received his
Bachelor's degree in Telecommunication Engineering from the
Beijing University of Posts and Telecommunications, and his
Masters degree in Computer and Telecommunication
Engineering jointly from Beijing University of Posts and
Telecommunications and Hong Kong Polytechnic University.
He also holds a Ph.D. degree in Electrical Engineering from
the University of Ottawa, Canada.
The9 also announced that Mr. Jie Qin, Senior Vice
President, has decided to pursue other opportunities and
will resign from his position with The9 effective July 1,
2006. As a co-founder of the company, Mr. Qin has been
with the company since its inception and had served in
various positions, including Senior Vice President, Chief
Strategy Officer and Chief Operating Officer.
Jun Zhu, The9's Chairman and CEO, commented: "We
are very pleased to have Alan on board as our Vice
President and Chief Technology Officer. Leveraging over
twenty years of experience working with various world-class
high technology companies, we trust that Alan will bring
substantial technology management expertise to The9. Alan
will be leading our technical, business and game
development teams, which we feel will play critical roles
for the company as we introduce more high quality games to
the China market through The9's operation platform.
Moreover, on behalf of the board, I would also like to
thank Jie for his contributions to the company in the past
years, and we wish him the very best in his future
endeavors."
About The9 Limited
The9 Limited is a leading online game operator in
China. The9's business is primarily focused on operating
and developing MMORPGs for the Chinese online game players
market. The9 directly or through affiliates operates
licensed MMORPGs, consisting of Blizzard Entertainment's
World of Warcraft(R), MU(R) and Mystina Online(R), in
China. It has also obtained exclusive licenses to operate
additional MMORPGs in China, including Granado Espada(R),
Soul of The Ultimate Nation(R), Guild Wars(R), and
Hellgate: London(R). In addition, The9 has developed its
first proprietary MMORPG titled "Joyful Journey
West", which entered all-access public open beta
testing in August 2005.
Safe Harbor Statement
This announcement contains forward-looking statements.
These statements are made under the "safe harbor"
provisions of the U.S. Private Securities Litigation Reform
Act of 1995. These forward-looking statements can be
identified by terminology such as "will,"
"expects," "anticipates,"
"future," "intends," "plans,"
"believes," "estimates" and similar
statements. Among other things, the business outlook and
quotations from management in this press release contain
forward-looking statements. The9 may also make written or
oral forward-looking statements in its periodic reports to
the U.S. Securities and Exchange Commission on Forms 20-F
and 6-K, etc., in its annual report to shareholders, in
press releases and other written materials and in oral
statements made by its officers, directors or employees to
third parties. Statements that are not historical facts,
including statements about The9's beliefs and expectations,
are forward-looking statements. Forward-looking statements
involve inherent risks and uncertainties. A number of
important factors could cause actual results to differ
materially from those contained in any forward-looking
statement. Potential risks and uncertainties include, but
are not limited to, The9's limited operating history as an
online game operator, political and economic policies of
the Chinese government, the laws and regulations governing
the online game industry and information disseminated over
the Internet in China, intensified government regulation of
online game operators and Internet cafes in China, The9's
ability to retain existing players and attract new players,
license, develop or acquire additional online games that are
appealing to users, anticipate and adapt to changing
consumer preferences and respond to competitive market
conditions, and other risks and uncertainties outlined in
The9's filings with the U.S. Securities and Exchange
Commission, including its registration statement on Form
F-1, as amended, and annual reports on Form 20-F. The9
does not undertake any obligation to update any
forward-looking statement, except as required under
applicable law.
For more information, please contact:
Ms. Dahlia Wei
Senior Manager, Investor Relations
The9 Limited
Tel: +86-21-5172-9990
Email: IR@corp.the9.com
Web: http://www.corp.the9.com
SOURCE The9 Limited
2007'02.04.Sun
Result Announcement for the First Green Building Award in HK
June 30, 2006
Industry Recognition of Local Outstanding Green Building Projects
HONG KONG, June 30 /Xinhua-PRNewswire/ -- The first
Green Building Award ("GBA") organized by the
Professional Green Building Council ("PGBC") has
officially come to an end with award winners announced
today. Mr. Michael Suen Ming-yeung, GBS, JP, Secretary for
Housing, Planning and Lands has attended the award
presentation ceremony as the Guest of Honor, together with
related chiefs of the HKSAR government, departments, senior
industry practitioners, presidents of supporting
organizations and professional institutes, to share the
crucial moment for the building industry. Details of
winning projects are listed below (in alphabetical order):
New Buildings Category (Completed on or after 1st
January 2001)
Grand Award MTR Disneyland Resort
Line - Sunny Bay
Station AND
Hong Kong Wetland Park
Phase 2
Merit in Institutional Building Fire Station with
Ambulance Depot and
Design Police Post at
Penny's Bay
Merit in Office Building Design Hong Kong Science Park
Phase 1
Merit in Residential Building The Orchards
Design
Merit in Commercial Building One Peking
Design
Existing Buildings Category (Completed before 1st
January 2001)
Grand Award Metro City Phase 2
AND
The Centre
Merit in Green Education & Wonderland Villas
Waste Management
Merit in Facilities Enhancement Pacific Palisades
Merit in Living Quality Woodland Crest
Merit in Sustainability StarCrest
Management
Newly Renovated Buildings Category (Completed on or
after 1st January
2001)
Grand Award The New Headquarters
for The
Electrical and
Mechanical Services
Department
Merit in Environmentally Improvement Scheme for
Public Toilets
Responsive Design in New Town Area
Research & Planning Studies Category (Related to
Sustainable Buildings)
Grand Award Feasibility Study for
Establishment of
Air Ventilation
Assessment System AND
Towards a Sustainable
Community:
Redevelopment of
Upper Ngau Tau Kok
Estate Phase 2&3
Merit in Energy Assessment Tool Consultancy Study on
Life Cycle Energy
Analysis for Building
Construction
Merit in Life Cycle Costing Life Cycle Assessment
(LCA) and Life
Tool Cycle Costing (LCC)
Study
Merit in Recycling of Waste Turning Wastes to
Environmentally
Materials Friendly Construction
Materials
Merit in Environmental Design Proposed Swimming Pool
at Fukien
Secondary School
The Professional Green Building Council was formed in
2002 by the Hong Kong Institute of Architects (HKIA), the
Hong Kong Institution of Engineers (HKIE), the Hong Kong
Institute of Landscape Architects (HKILA), the Institute of
Planners (HKIP) and the Hong Kong Institute of Surveyors
(HKIS).
Objective of GBA 2006
To provide recognition to buildings and research
projects with outstanding features and contributions to
sustainability and the environment and also to encourage
industry players to further adopt sustainable planning,
design, construction and maintenance of buildings.
GBA 2006 received a total of 55 nominations, among
which 23 were nominated for New Buildings Category, 18 for
Existing Buildings Category, 4 for Newly Renovated
Buildings Category and 10 for Research and Planning Studies
Category. 30 projects were short-listed as finalists.
Mr. Kenneth Chan, Chairman of Professional Green
Building Council said, "The success of Green Building
Award is mainly the result of overwhelmingly positive
support and participation from related government
departments, professional bodies and the academia. The 55
nominations received undoubtedly reflect the local
commitment in fostering the development of sustainable
buildings while demonstrating the unquestionable positive
attitude towards the Green Building Award in the
industry."
For more information, please contact:
Ms. Katherine Chow (+852-9256-3223)
Ms. Rachel Cheng (+852-9753-5524)
Tel: +852-2372-0090
Fax: +852-2372-0490
Email: kat@creativegp.com/ rachel@creativegp.com
Web: http://www.hkpgbc.org/gba
SOURCE Green Building Award 2006
2007'02.04.Sun
Xinhua Far East Upgrades Kweichow Moutai Co., Ltd. from AA- to AA Issuer Rating; the Rating Outlook Remains Stable
June 30, 2006
HONG KONG, June 30 /Xinhua-PRNewswire/ -- Xinhua Far
East China Ratings ("Xinhua Far East") today
upgraded the domestic currency issuer credit rating of
Kweichou Moutai Co., Ltd. ("Moutai" or "the
Company", SH A 600519) from AA- to AA. The rating
outlook remains stable.
This upgrade was prompted by ongoing improvements in
the Company's financials in the context of a more favorable
operating environment for China's premium traditional
distilled liquor sector. The AA rating also reflects Xinhua
Far East's view on Moutai's leading market share,
considerable sales growth, strong brand loyalty and
unchallenged pricing power. However, factors which prevent
the Company from achieving an even higher rating include a
wider range of substitutes, a lack of product
diversification, a high degree of reliance on the
business-related market and comparatively weak brand
enhancement.
The development of China's premium traditional
distilled liquor segment has been underpinned by China's
robust economy, improvements in average household income
and strong demand for high-end products. The positive
outlook for the segment is also buoyed by unchanged unit
taxes and lower ad-valorem taxes on liquor. With products
that hold monopolistic market positions and high brand
awareness, Moutai is primed to benefit from such
conditions. As of late, the Company has also successfully
implemented both product enhancements and pricing
modifications, fortifying its market position and boosting
its financial performance in the process.
Moutai reported turnover of RMB3.93 billion in 2005, a
114% increase from 2002. This gain is attributable to the
Company's capacity expansion, high-end product placement
and price promotions in the Moutai series. It produced
15,954 tons of liquor in 2005, up 49.3% when compared with
2002. Sale of strong and mild drinks, both classified as
high-end, accounted for 85.1% of total revenue in 2005,
approximately 18 pct higher than its share in 2001.
Moutai's gross margin remains stable, while its EBIT
margins have shown improvement over the past three years.
Its EBIT margin rose to 48% for FY05 and 49.4% for 1Q06
from 34.2% in FY02.
Further, Moutai's cash flow from operations rose
significantly to RMB1.69b in 2005, nearly four times the
sum in 2002. Although the Company has a 10,000-ton
expansion plan in the 11th Five-year Plan period
(2006-2010), Xinhua Far East expects this plan to be
carried out in stages, without bringing too much pressure
to bear on the Company or producing severe oversupply for
its specially-flavored drinks.
Factors that cloud Moutai's future include falling
consumption levels of strong traditional liquor in China,
the Company's heavy dependence on the business market and
less notable brand enhancements in comparison to its more
established brand. Nevertheless, Xinhua Far East believes
that these factors are likely to play out over the
long-term, unlikely to materially impair the Company in the
near-term.
Kweichou Moutai Co., Ltd. is a premium distilled liquor
maker in China. "Moutai", the brand umbrella for
its high-end products, has a long history and is among the
most valuable brands in China. Kweichou Moutai Co., Ltd. is
a constituent of the Xinhua/FTSE China 200 Index. As of
market close on June 29, 2006, its total market
capitalization and investable capitalization were RMB45,
397million and RMB13, 619million respectively.
For the rating report summary, please visit
http://www.xinhuafinance.com/creditrating.
About Xinhua FTSE China 200 Index
Xinhua FTSE China 200 Index is the large cap index in
the Xinhua FTSE China A Share Index Series and includes the
top 200 companies in China by market cap. It is designed as
a tradable index and is calculated in real-time every 15
seconds. For daily data and further information, see
http://www.xinhuaftse.com.
About Xinhua Far East China Ratings
Xinhua Far East China Ratings (Xinhua Far East) is a
pioneering venture in China that aims to rank credit risks
among corporations in China. It is a strategic alliance
between Xinhua Finance (TSE Mothers: 9399), and Shanghai
Far East Credit Rating Co., Ltd. Shanghai Far East became a
Xinhua Finance partner company in 2003 and the first China
member of The Association of Credit Rating Agencies in Asia
in December 2003.
Capitalizing on the synergy between Xinhua Finance and
Shanghai Far East, Xinhua Far East's rating methodology and
process blend unique local market knowledge with
international rating standards. Xinhua Far East is
committed to provide investors with independent, objective,
timely and forward-looking credit opinions on Chinese
companies. It aims to help investors differentiate the
credit risks among the corporations in China, thereby,
cultivating their awareness and promoting information
disclosures and transparency in China market.
For more information, see
http://www.xfn.com/creditrating.
About Xinhua Finance Limited
Xinhua Finance Limited is China's unchallenged leader
in financial information and media, and is listed on the
Mothers board of the Tokyo Stock Exchange (symbol: 9399)
(OTC ADRs: XHFNY). Bridging China's financial markets and
the world, Xinhua Finance serves financial institutions,
corporations and re-distributors through four focused and
complementary service lines: Indices, Ratings, Financial
News and Investor Relations. Founded in November 1999, the
Company is headquartered in Shanghai with 21 news bureaus
and offices in 18 locations across Asia, Australia, North
America and Europe.
For more information, please visit
http://www.xinhuafinance.com.
About Shanghai Far East Credit Rating Co., Ltd
Shanghai Far East Credit Rating Co., Ltd. is the first
and leading professional credit rating company with
comprehensive business coverage in China. It is an
independent agency established by the Shanghai Academy of
Social Sciences with the mission to develop internationally
accepted standards for capital market in China. The company
is a pioneer in conducting bond-rating business in China.
For years, it has been authorized by the Shanghai branch of
the PBOC to undertake loan certificate credit rating.
Since establishment, it has rated over 1,000 corporate
long-term bonds and commercial papers, based on the
principles of objectivity, fairness and independence. The
company has also maintained over 50% market share in the
loan certificate-rating sector in Shanghai for three
consecutive years. With its strong local presence and
knowledge, it provides investors with unique and the most
insightful credit opinion.
For more information, see http://www.fareast-cr.com.
For more information, please contact:
Hong Kong
Joy Tsang
Corporate & Investor Communications Director
Xinhua Finance
Tel: +852-3196-3983
+86-21-6113-5999
+852-9486-4364
Email: joy.tsang@xinhuafinance.com
US
Ms. Ishviene Arora
Taylor Rafferty (IR/PR Contact in US)
Tel: +1-212-889-4350
Email: ishviene.arora@taylor-rafferty.com
SOURCE Xinhua Far East China Ratings
2007'02.04.Sun
TI Delivers New Low-Cost, High-Performance Audio DSP for the Home and Car
June 30, 2006
TI's Flexible Audio Solution is Built to Meet Stringent Car Standards and Efficient Home Theater Systems
DALLAS, June 30 /Xinhua-PRNewswire/ -- Bringing higher fidelity to car audio while providing cost-effective audio processing for home systems, Texas Instruments Incorporated (TI) (NYSE: TXN) announced the TAS3108 audio digital signal processor (DSP). The 8-channel TAS3108 audio DSP brings high-performance audio processing capabilities to enable up to 7.1-channel processing in digital TVs, home theater-in-a-box systems, and automotive head units and external amplifiers. The TAS3108 DSP is the latest from TI's broad offering of digital and analog products for audio applications, including Class-D amplifiers, audio converters, processors and switch mode power management. For more information, please visit http://www.ti.com/tas3108 . The TAS3108 DSP has a variety of audio processing features to address a wide range of applications, including the rigorous demands of the automotive market, as well as the cost effective needs of home theater applications. The TAS3108 audio DSP can perform five simultaneous instructions per clock cycle and operates at 135MHz, providing a maximum of 675 million instructions per second (MIPS). When combined with its 48-bit data path (enabling superior bass management processing), and single-cycle 76-bit (48x28) multiply-accumulate, the TAS3108 DSP offers an unparalleled amount of processing at its price point with 135 million multiple accumulates per second (135MMACS). Custom Audio Tools Simplify Development The TAS3108 DSP comes with a comprehensive set of tools that is optimized for audio processing, enabling the efficient implementation of proprietary algorithms and standard features such as equalization, tone and volume control. The tools are composed of two essential parts, the Graphical Development Environment (GDE) and the Integrated Development Environment (IDE). The GDE is a graphical drag-and-drop environment that allows users to take pre-optimized components and drop them into place. They can then program and control each component in real-time, as well as publish their own components with proprietary algorithms. The IDE is a traditional tool consisting of an editor and simulator/debugger tools. The editor will show the customer context sensitive coloring and help guide them on what to input, enabling quicker programming and fewer errors. The simulator/debugger provides a PC-based environment, allowing customers to debug their code by testing it, while watching memory and setting breakpoints. Driving Automotive Innovation Built specifically to meet the meticulous high reliability and functional requirements of the automotive market, TI's new processor underwent thorough simulation, exhaustive analysis and stress testing to ensure that the device can meet the defective parts per million (DPPM) requirements of automotive manufacturers. Automotive audio applications benefiting from this device include audio head units and external amplifiers. With support for sample rates from 32 kHz to 192 kHz across 15 stereo/TDM data formats, developers can target a broad range of markets with a single design. An automotive version of the solution, TI's TAS3108AI, is AEC Q100 qualified, which is one of the highest standards of quality for components in the automotive market. "The TAS3108 processor provides us with the performance we need to differentiate our product lines with superior sound quality," says Masahiro Kishigami, Designing Section Manager at Pioneer. "With TI, we can offer customers an exceptional sound system that meets the numerous requirements of the automotive market for quality and reliability." Bringing Home High Quality Audio The TAS3108 audio DSP has enough processing power to provide home audio developers with full control of audio processing, including matrix decoding and a variety of surround sound schemes. Leveraging the flexibility of the TAS3108 DSP and TI's development software, developers can quickly add custom algorithms, equalization, dynamic range compression for TVs, home theaters in a box and mini-component systems. The availability of extensive performance headroom enables original equipment manufacturers (OEMs) to differentiate their products through enhanced features and exceptional sound quality. Comprehensive support from leading innovators in audio quality, such as SRS and BBE, is expected to be available in the third quarter of 2006, giving developers confidence that they will always have timely access to optimized implementations of the latest standards. The TAS3108 DSP complements other TI digital and analog products that support audio applications, such as Class D amplifiers, audio converters, processors and switch mode power management. Availability, Packaging and Pricing Currently in production, the TAS3108DCP, targeting the home, is $4.36 each and the TAS3108AIDCP, optimized for the car, is $4.91 each, both in 10,000 quantities or more. Evaluation modules (EVM) and code development tools are also available. About Texas Instruments Texas Instruments Incorporated provides innovative DSP and analog technologies to meet our customers' real world signal processing requirements. In addition to Semiconductor, the company includes the Educational & Productivity Solutions business. TI is headquartered in Dallas, Texas, and has manufacturing, design or sales operations in more than 25 countries. Texas Instruments is traded on the New York Stock Exchange under the symbol TXN. More information is located on the World Wide Web at http://www.ti.com . Trademarks All Trademarks are property of their respective owners. For more information, please contact: Stephanie Groswirt Texas Instruments Tel: +1-214-480-2512 Email: s-groswirt@ti.com Wes Robinson Golin Harris Tel: +1-213-623-4200 Email: wrobinson@golinharris.com SOURCE Texas Instruments Incorporated
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