2007'02.04.Sun
Fusion Introduces efo out and Demonstrates Revolutionary efonica(R) FREE VoIP Service at Singapore Trade Show
June 27, 2006
Exhibit at CommunicAsia 2006 Emphasizes Company's Focus on Global Markets
efo out's aggressively priced offerings complement the Company's efonica FREE service
efo out's aggressively priced offerings complement the Company's efonica FREE service
NEW YORK, June 27 /Xinhua-PRNewswire/ -- Fusion Telecommunications International, Inc. (Amex: FSN), a global VoIP service provider, has introduced one of its new paid services, efo out, at CommunicAsia 2006 in Singapore. The efo out service allows users to call any landline or mobile telephone number in the world at extremely competitive prices. efo out complements the Company's newly launched efonica FREE service, which is already generating consumer interest worldwide. Visitors to the trade show were among the first to experience Fusion's efonica services, and had the opportunity throughout the event to make telephone calls using both efonica FREE and efo out. Consumers were given the opportunity to sign up for services and view the aggressively priced efo out worldwide calling rates at http://www.efonica.com . Fusion's efo out is the first of the Company's efonica PLUS suite of paid services designed to offer efonica subscribers an enhanced communications experience. The new efo out service is currently offered online to all efonica subscribers. It will also be rolled out through Fusion's growing network of international retail and online distribution partners, who have been awaiting the new efo out paid service. To celebrate the launch of efo out: for a limited time Fusion is offering free talk time to new subscribers so they can experience the exceptional quality of the efonica network. The new efo out service adds to the capability of efonica FREE, Fusion's revolutionary free VoIP service, by which users can call each other using their existing landline or mobile telephone numbers; to make free calls to and from any combination of PCs, Internet phones and regular telephones (with a SIP adapter); whether used on broadband or dial-up Internet connections. Both efo out and efonica FREE work in conjunction with the Company's patent-pending Worldwide Internet Area Code(TM) -- which allows users to dial familiar telephone numbers, rather than clicking on names, as is common with other free VoIP services. "It is particularly appropriate that we launched efo out and showcased our new efonica FREE service at CommunicAsia," said Matthew Rosen, President & CEO of Fusion. "efonica FREE and efo out are designed with the global marketplace in mind. We believe their combination of features and flexibility will have significant appeal to consumers and businesses in many Asian markets and their communities of interest around the world. With the free talk time, efo out callers will be able to experience the exceptional quality of efonica calling virtually any telephone in the world for free." CommunicAsia 2006, a major industry event for global players in the Asian communications market, attracted over 1,400 exhibitors from more than 50 countries. More than 47,000 people attended the show, 22,000 of which reside outside the US, representing more than 100 countries. About Fusion Fusion provides its efonica branded VoIP (Voice over Internet Protocol), Internet access, and other Internet services to, from, in and between emerging markets in Asia, the Middle East, Africa, Latin America and the Caribbean. Fusion currently provides services to consumers, corporations, international carriers, government entities, and Internet service providers in over 45 countries. For more information please go to: http://www.fusiontel.com or http://www.efonica.com . (Logo: http://www.newscom.com/cgi-bin/prnh/20050705/NYTU073LOGO ) Statements in this Press Release that are not purely historical facts, including statements regarding Fusion's beliefs, expectations, intentions or strategies for the future, may be "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. All forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from the plans, intentions and expectations reflected in or suggested by the forward-looking statements. Such risks and uncertainties include, among others, introduction of products in a timely fashion, market acceptance of new products, cost increases, fluctuations in and obsolescence of inventory, price and product competition, availability of labor and materials, development of new third-party products and techniques that render Fusion's products obsolete, delays in obtaining regulatory approvals, potential product recalls and litigation. Risk factors, cautionary statements and other conditions which could cause Fusion's actual results to differ from management's current expectations are contained in Fusion's filings with the Securities and Exchange Commission and available through http://www.sec.gov . For more information, please contact: FUSION CONTACT: Jonscott Turco Tel: +1-212-201-2401 Email: jturco@fusiontel.com INVESTOR CONTACT: Andrew Hellman CEOcast, Inc. Tel: +1-212-732-4300 Email: adhellman@ceocast.com MEDIA CONTACT: John Henderson Rubenstein Associates Tel: +1-212-843-8054 Email: jhenderson@rubenstein.com SOURCE Fusion Telecommunications International, Inc.
PR
2007'02.04.Sun
New International Guidelines Highlight Evidence-Based Recommendations to Prevent Venous Thromboembolism (VTE) - a Major Global Health Problem
June 27, 2006
LISBON, Portugal, June 27 /Xinhua-PRNewswire/ -- The
newly released version of the International Consensus
Statement on Prevention and Treatment of Venous
Thromboembolism (VTE), one of the leading expert consensus
document specifically dedicated to the prevention and
treatment of VTE, was presented at the 22nd Congress of the
International Union of Angiology, Lisbon, Portugal.
"These international guidelines provide
recommendations guided by the rigorous review of clinical
evidence by a large panel of international experts. These
evidence-based guidelines provide updated recommendations
on appropriate therapies and medical strategies to use with
the different categories of patients at risk for VTE"
says Pr. Andrew Nicolaides, Emeritus Professor, Imperial
College, London, UK, and chairman of the editorial
committee of the Guidelines.
VTE is now recognised to be a major global healthcare
problem. The annual incidence of VTE in Europe and North
America is approximately 160 per 100 000 for DVT, 20 per
100 000 for symptomatic non-fatal PE and an occurrence of
fatal PE of 50 per 100 000.
Key highlights of those 2006 guidelines are the
following:
-- An emphasis is placed on preventing thrombosis in
both medical and surgical patients. Medical patients
contribute to the majority of the disease burden. Fatal PE
is the leading cause of sudden death in hospitalised
medical patients and it is estimated that as many as 1 of
20 of them may suffer a fatal PE in the absence of
appropriate VTE prophylaxis.
-- There is a strong recommendation that "All
acutely ill medical patients should be routinely assessed
for risk of VTE and considered for appropriate
thromboprophylaxis".
-- Emphasis is placed on appropriate prophylaxis, in
terms of selection of agents and the duration of their use.
Prolonged prophylaxis for up to 4-6 weeks is needed for some
patients.
-- As an alternative when pharmacological prophylaxis
is contraindicated, mechanical methods such as intermittent
pneumatic compression and graduated compression stockings
are recommended to prevent deep vein thrombosis.
-- Cancer patients are particularly at risk for VTE.
Thrombosis is the second leading cause of death in patients
with known cancer. For cancer patients, both advancing
disease and surgical or medical anticancer treatments are
known to increase the risk of thrombosis. It is therefore
critical to ensure that when patients are at high risk for
thrombosis they receive appropriate prophylaxis.
-- The different therapeutic options recommended in the
guidelines are selected based on the availability of
specific clinical evidence in each clinical situation, for
each method of prevention. Low molecular weight heparins
(LMWHs) remain the main stay for prevention and treatment
of VTE," the choice of LMWH should reflect the level
of clinical evidence and the approval of the regulatory
authorities for each indication."
"VTE is a major health problem and a vital patient
safety issue. It is a preventable condition in the vast
majority of patients at risk when appropriate prophylaxis
is employed" stresses Dr Ajay Kakkar, Head of the
Centre for Surgical Sciences at Barts and the London, Queen
Mary's School of Medicine and Dentistry, and the Thrombosis
Research Institute, London, UK, co-chairman of the
editorial committee of the Guidelines.
"The implementation of strategies to routinely
assess the risk of VTE is an important goal, and will
contribute to preventing this disease. The IUA remains
committed to the wide distribution of the new consensus
guidelines and their implementation" said Professor
Jawed Fareed, Director of the Haemostasis and Thrombosis
Research Laboratories at Loyola University, Chicago, USA,
co-chairman of the editorial committee of the guidelines.
Background
About VTE -- VTE arises when a blood clot, or thrombus,
forms in a vein and blocks the blood vessel. VTE encompasses
deep vein thrombosis (DVT) and pulmonary embolism (PE). PE
is a life-threatening complication and occurs when a blood
clot detaches from the vessel, escapes into the circulation
and becomes lodged in the lungs. A triad of factors
predispose a patient to VTE: venous stasis, alterations in
blood constituents and changes in the surface of vessels.
At least two factors need to co-exist for VTE to occur.
Principal clinical predisposing influences are
immobilisation, trauma, surgery, infection and the
post-partum period. Other predisposing influences are age,
obesity, and cancer; previous history of venous thrombosis,
varicose veins, dehydration and hormone therapy
(contraceptive treatments...) often set against a
background of thrombophilia.
About the IUA -- The International Union of Angiology
is a society for vascular medicine, vascular surgery and
endovascular interventions. Founded in 1950, the IUA
gathers now experts from 71 different countries. It aims to
stimulate, at an international level, scientific knowledge
in all aspects of angiology by encouraging both basic
research and clinical studies. International conferences
are held every two years.
About the guidelines -- The guidelines present the
evidence in a concise format and attempt to indicate not
only the magnitude of the effect of different prophylactic
regimens but also the quality of the studies. Information
on safety (clinically relevant bleeding and others adverse
effects) is also provided. When randomised controlled
studies are not available, the lack of data is stated and
recommendations for the design of appropriate studies are
made.
The system of grades used by the guidelines is
consistent with the international high standard:
Grade A recommendations are based on Level 1 evidence
from randomised controlled trials with consistent results
(e.g. in systematic reviews), which are directly applicable
to the target population. Single randomised controlled
trials have not been accepted as Level 1 even when they
were of a high quality and methodologically sound, and have
been classified as grade B.
Grade B recommendations are based on Level 1 evidence
from randomised controlled trials with less consistent
results, limited power, or other methodological problems,
which are directly applicable to the target population.
Grade B recommendations are also based on Level 1 evidence
from randomised controlled trials extrapolated from a
different group of patients to the target population.
Grade C recommendations are based on Level 2 evidence
from well-conducted observational studies with consistent
results, directly applicable to the target population.
The information is completed by the inclusion of the
safety data from each trial (clinically relevant bleeding
and other adverse effects).
The guidelines have just been published in
International Angiology, the official journal of the IUA:
Nicolaides AN, Fareed J, Kakkar AK, Breddin HK, Goldhaber
SZ, Hull R, et al. Prevention and treatment of venous
thromboembolism. International Consensus Statement
(Guidelines according to scientific evidence). Int Angiol
2006 Jun;25(2):101-61.
For more information, please contact:
Dr. Evi Klodicki,
Co-chair Scientific Committee, IUA
Tel: +44-776570-3329
SOURCE The International Union of Angiology
2007'02.04.Sun
Supermicro Launches Over 30 Server Platforms With Newest Dual-Core Intel(R) Xeon(R) 5100 Processor Series
June 27, 2006
X7 Lineup Optimized for System Performance, Energy Efficiency and Reliability
SAN JOSE, Calif., June 27 /Xinhua-PRNewswire/ --
Supermicro Computer, Inc., a leader in high-quality
servers, chassis and serverboards, today announced the
immediate availability of more than thirty X7 server
platforms based on Intel's newest Dual-Core Xeon 5100
series processors (codenamed Woodcrest). System-level
breakthroughs in design, energy efficiency and thermal
reliability now enable greater versatility and a
correspondingly lower total cost of ownership (TCO) than
previous Xeon generations.
A popular model, the high-density SuperServer
6015B-8+/T+ leverages the X7DBR-8+/i+ serverboard to
support up to 64GB of fully buffered (FBD) DDR2 memory via
16 DIMM slots in a 1U form factor that includes four
hot-swap SCSI/SATA drive bays and a 700-watt
high-efficiency power supply. This platform not only
doubles system performance and memory capacity, but also
reduces energy costs while operating at lower temperatures
versus previous generations.
"Our new SuperServers combine earth-friendly,
high-efficiency Supermicro power supplies with
energy-efficient Woodcrest processors to maximize
performance-per-watt benefits and reduce customer
TCO," notes Charles Liang, president and CEO of
Supermicro. "With 5% or greater efficiency than
competitor's systems, customers typically realize energy
savings of up to $200 per server over three years and also
enjoy double the performance when compared with previous
generation solutions."
"Supermicro offers an extremely broad selection of
high-quality serverboards, chassis and servers based on the
new Dual-Core Intel Xeon Processor 5100 series," said
Boyd Davis, General Manager of Intel's Server Platform
Group Marketing. "Combined with the platform
ingredients announced a few weeks ago, these new processors
provide industry leading energy-efficient performance, a
foundation for emerging virtualized environments, and the
reliability server customers demand."
To see Supermicro's entire lineup of X7 server
platforms, serverboards and chassis, visit
http://www.Supermicro.com .
About Supermicro Computer, Inc.
Established in 1993, Supermicro emphasizes superior
product design and uncompromising quality control to
produce industry-leading serverboards, chassis and server
systems. These mission-critical Server Building Block
solutions provide benefits across many environments,
including data center deployment, high-performance
computing, high-end workstations, storage networks and
standalone server installations. To view Supermicro's
complete line of advanced motherboards, SuperServers, and
optimized chassis, visit http://www.Supermicro.com , email
Marketing@Supermicro.com or call the San Jose, CA
headquarters at +1-408-503-8000.
For more information, please contact:
Tony Keller for Supermicro Computer, Inc.
Tel: +1-719-634-8279
SOURCE Supermicro Computer, Inc.
2007'02.04.Sun
Calgon Carbon Awarded Contract for Drinking Water Treatment in Taiwan
June 26, 2006
PITTSBURGH, Pa., June 26 /Xinhua-PRNewswire/ -- Calgon
Carbon Corporation (NYSE: CCC) announced today that it has
been awarded a contract by Tong Hsin Water Business Inc.
(Tong Hsin Water) to supply approximately 3.3 million
pounds of granular activated carbon (GAC) to the Fong Shan
Water Plant in Taiwan for drinking water purification.
Terms of the contract were not disclosed.
The GAC will be installed at the Fong Shan plant in
Kaohsiung, Taiwan. Kaohsiung is the second largest city in
Taiwan with 1.5 million people. The Fong Shan supplies 79
million gallons of water per day. It will be the second
plant in Taiwan that will use GAC supplied by Calgon Carbon
to treat municipal drinking water.
"We are very pleased that Tong Hsin Water selected
Calgon Carbon to provide high-quality drinking water to the
residents of Kaohsiung," commented James Fishburne,
senior vice president at Calgon Carbon. Mr. Fishburne
added, "Over the last 40 years, Calgon Carbon has
supplied millions of pounds of activated carbon to
municipalities all over the world for drinking water
treatment. We are committed to serve the Asian market and
look forward to additional opportunities to provide our
products and services to customers in that region."
Calgon Carbon Corporation, headquartered in Pittsburgh,
Pennsylvania, is a global leader in services and solutions
for making air and water cleaner and safer.
The Private Securities Litigation Reform Act of 1995
provides a "safe harbor" for forward-looking
statements. This document contains certain statements that
are forward-looking relative to the company's future
strategy and performance. They involve known and unknown
risks and uncertainties that may cause the company's actual
results in future periods to be materially different from
any future performance.
For more information, please contact:
Tong Si
Calgon Carbon Corporation
Tel: +86-21-5835-6126
Email: jtong@calgoncarbon-as.com
SOURCE Calgon Carbon Corporation
2007'02.04.Sun
JDSU Manufacturing Test Lab Becomes First Asian Lab to Pass Verizon's Fiber Optic Component Testing Program
June 26, 2006
MILPITAS, Calif., June 26 /Xinhua-PRNewswire/ -- JDSU
today announced that its Reliability Engineering Test Lab
in Shenzhen, China is the first manufacturing test lab in
Asia to complete Verizon's rigorous Fiber Optic Component
(FOC) testing program. Verizon certified JDSU's lab to
test fiber optic assemblies and connectors to confirm that
new fiber products being introduced to Verizon's
Fiber-To-The-Premises (FTTP) network are fully compliant
with accepted industry standards and meet Verizon's
reliability and quality requirements.
Verizon's certification allows for JDSU to perform
in-house FOC testing when witnessed by an approved Verizon
independent testing laboratory (ITL). This results in JDSU
being able to deliver optical communications components more
cost-effectively and with improved cycle times.
"We are pleased to be the first optical
communications manufacturing test lab in the Asia-Pacific
region to receive Verizon's FOC testing
certification," said Debora Shoquist, JDSU's senior
vice president of operations. "It is a validation of
our commitment to innovation and quality and a testament to
the dedication of our personnel in Shenzhen."
About JDSU
JDSU (Nasdaq: JDSU; and TSX: JDU) is committed to
enabling broadband & optical innovation in the
communications, commercial and consumer markets. JDSU is
the leading provider of communications test and measurement
solutions and optical products for telecommunications
service providers, cable operators, and network equipment
manufacturers. Furthermore, JDSU is the leading provider of
innovative optical solutions for medical/environmental
instrumentation, semiconductor processing, display, brand
authentication, aerospace and defense, and decorative
applications. More information is available at
http://www.jdsu.com.
The statements contained in this press release that are
not purely historical are forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933
and Section 21E of the Securities Act of 1934. Such
forward-looking statements include, but are not limited to,
any statement or implication that the products described in
this press release (i) will be successfully introduced or
marketed, (ii) will be qualified and purchased by our
customers, or (iii) will perform to any particular
specifications or performance or reliability standards.
Such forward-looking statements involve risks and
uncertainties that, if realized, could materially impair
the Company's results of operations, business, and
financial condition. These risks and uncertainties include,
but are not limited to, (a) the failure of the products (i)
to perform as expected without material defects, (ii) to be
manufactured at acceptable volumes, yields, and cost, (iii)
to be qualified and accepted by our customers, and (iv) to
successfully compete with products offered by our
competitors, and (b) factors discussed from time to time in
reports filed by the Company with the Securities and
Exchange Commission. The forward-looking statements
contained in this news release are made as of the date
hereof, and the Company does not assume any obligation to
update or qualify any of the statements made herein.
Source: JDS Uniphase Corporation.
For more information, please contact:
Media:
Jim Monroe
Tel: +1-240-404-1922
Email: jim.monroe@jdsu.com
Investors:
Jacquie Ross
Tel: +1-408-546-4445
Email: investor.relations@jdsu.com
SOURCE JDSU
2007'02.04.Sun
Phelps Dodge, Inco and Falconbridge Agree to US$56 Billion Three-Way Combination, Creating One of World's Largest Mining Companies
June 26, 2006
Transaction Creates World's Largest Nickel Producer and Largest Publicly Traded Copper Producer
Combines High-Quality, Long-Lived Assets in Regions with Low Geopolitical Risk and Strong Development Pipelines; Enhances Ability to Invest in Long-Term Growth
US$900 Million of Estimated Annual Synergies Expected by 2008; Combination Expected to Be Immediately Accretive to Cash Flow and Accretive to Earnings Per Share in 2008
Phelps Dodge Offer for Combined Inco/Falconbridge Is Valued at C$80.13 Per Share; Agreement Enables Inco to Enhance Offer for Falconbridge to C$62.11 Per Share
Phelps Dodge Also Announces Up to US$5 Billion Share Repurchase Program
Combines High-Quality, Long-Lived Assets in Regions with Low Geopolitical Risk and Strong Development Pipelines; Enhances Ability to Invest in Long-Term Growth
US$900 Million of Estimated Annual Synergies Expected by 2008; Combination Expected to Be Immediately Accretive to Cash Flow and Accretive to Earnings Per Share in 2008
Phelps Dodge Offer for Combined Inco/Falconbridge Is Valued at C$80.13 Per Share; Agreement Enables Inco to Enhance Offer for Falconbridge to C$62.11 Per Share
Phelps Dodge Also Announces Up to US$5 Billion Share Repurchase Program
PHOENIX AND TORONTO, June 26 /Xinhua-PRNewswire/ --
Phelps Dodge Corporation (NYSE: PD), Inco Limited (NYSE: N;
TSX) and Falconbridge Limited (NYSE: FAL; TSX) announced
today they have agreed to combine in a US$56(1) billion
transaction to create a North American-based mining company
that is one of the world's largest. The new company will be
named Phelps Dodge Inco Corporation.
Phelps Dodge Inco will be the world's leading nickel
producer, the world's largest publicly traded copper
producer and a leading producer of molybdenum and cobalt,
and it will have a world-class portfolio of growth projects
and exciting exploration opportunities. For the quarter
ended March 31, 2006, the three companies had combined
revenues of US$6.3 billion and EBITDA (earnings before
interest, taxes, depreciation and amortization) of US$1.9
billion.
The corporate office and the new company's copper
division will be headquartered in Phoenix. Inco Nickel,
the new company's nickel division, will be headquartered in
Toronto.
The Phelps Dodge board of directors also announced, as
part of the transaction, a share repurchase program of up
to US$5.0 billion to be commenced after closing.
Phelps Dodge Inco will have operations in more than 40
countries and will employ approximately 40,000 people
globally. Phelps Dodge Inco will be listed on the New York
Stock Exchange and will apply for a listing on the Toronto
Stock Exchange. As a result of the three-way combination,
Phelps Dodge Inco will have a significantly increased
weighting in the S&P 500 Index. A Web site with
detailed information on the transaction is available at
http://www.phelpsdodgeinco.com .
J. Steven Whisler, chairman and chief executive officer
of Phelps Dodge Corporation, said: "This transaction
represents a unique opportunity in a rapidly consolidating
industry to create a global leader based in North
America-home of the world's deepest and most liquid capital
markets. The combined company has one of the industry's
most exciting portfolios of development projects, and the
scale and management expertise to pursue their development
successfully. The creation of this new company gives us
the scale and diversification to manage cyclicality,
stabilize earnings and increase shareholder returns. At
the same time, we are committed to maintaining an
investment-grade credit rating throughout the business
cycle."
Scott M. Hand, chairman and chief executive officer of
Inco, said: "This combination allows Inco's
shareholders, in addition to receiving a substantial
premium for their stock, to share in the significant
synergies both from our agreed merger with Falconbridge and
from the combination with Phelps Dodge, and it creates an
opportunity for all three groups of shareholders to
participate in an exciting, new, diversified industry
leader. We believe the Phelps Dodge transaction delivers
an excellent value proposition for our shareholders. The
new Phelps Dodge Inco also will maintain a very strong
commitment to and presence in Canada."
Derek Pannell, chief executive officer of Falconbridge,
said: "This is an industry-redefining transaction.
Phelps Dodge Inco will have the scale, diversification,
market leadership, reserve position, growth profile and
balance sheet necessary to create tremendous value for
shareholders. It represents a significant premium to
Falconbridge shareholders, with ongoing participation in
the upside of the three-way combination. We believe this
transaction represents a most compelling opportunity for
all Falconbridge shareholders."
Terms of the Transaction
Under the terms of the transaction, Phelps Dodge will
acquire all of the outstanding common shares of Inco for a
combination of cash and common shares of Phelps Dodge
having a value of C$80.13 per Inco share, based upon the
closing price of Phelps Dodge stock and the closing
US/Canadian dollar exchange rate on Friday, June 23, 2006.
Each shareholder of Inco would receive 0.672 shares of
Phelps Dodge stock plus C$17.50 per share in cash for each
share of Inco stock. This represents a premium of 23
percent to Inco's market price as of close of trading on
June 23 and a 19 percent premium to the value of the
existing Teck Cominco Limited unsolicited offer for Inco.
Simultaneous with its entry into the combination
agreement with Phelps Dodge, Inco has entered into an
agreement with Falconbridge to increase its previously
recommended offer for Falconbridge. Under the terms of
this enhanced offer, Inco has increased the cash component
of the offer from C$12.50 to C$17.50 and the exchange ratio
from 0.524 shares of Inco for each share of Falconbridge to
0.55676 shares of Inco for each share of Falconbridge. The
board of Falconbridge has unanimously agreed to recommend
this revised offer and also approved an amendment of the
Support Agreement with Inco to reflect the revised price.
Based upon the value of the consideration offered by
Phelps Dodge for Inco of C$80.13 per share, the implied
value of the revised agreed offer for Falconbridge
including the increased cash component is C$62.11 per
share, representing a 12 percent premium to Falconbridge's
closing price on June 23, and an 18 percent premium to the
existing Xstrata plc unsolicited offer for Falconbridge.
At Phelps Dodge's June 23 closing price of US$82.95,
the total enterprise value of the acquisition by Phelps
Dodge of the combined Inco and Falconbridge is
approximately US$40 billion.
The acquisition of Falconbridge by Inco is subject to
regulatory approvals and other customary closing
conditions, and Inco's tender offer is expected to close in
July. Inco anticipates conducting a second-stage
transaction to acquire the remaining Falconbridge shares,
which is expected to close in August. Upon the closing of
the Phelps Dodge-Inco combination, shareholders of
Falconbridge who have been issued Inco common shares in the
Inco-Falconbridge transaction will be entitled to receive
for those shares the same package of cash and Phelps Dodge
shares as will other Inco shareholders.
Phelps Dodge strongly supports Inco's agreed offer for
Falconbridge and has entered into a definitive agreement
under which it will purchase up to US$3.0 billion of
convertible subordinated notes issued by Inco to provide
Inco with substantial additional liquidity at the time of
its purchase of Falconbridge common shares and to satisfy
related dissent rights, as needed. The convertible
subordinated notes will only be funded in the event the
Inco/Falconbridge combination is consummated. The
instrument will be redeemable for cash at any time by Inco
after the merger with Falconbridge and may be converted at
any time beginning six months after issuance by Phelps
Dodge at a conversion rate equal to 95 percent of the
market value of Inco's common shares plus accrued interest
of the security at the time of conversion. The instrument
will bear an 8 percent PIK coupon. The issuance of the
convertible subordinated notes will be subject to
regulatory approval.
Phelps Dodge intends to complete its share repurchase
program within the 12 months after closing of the Inco
transaction in an amount equal to US$5 billion, less the
amount of any convertible subordinated notes purchased by
Phelps Dodge.
The transaction between Phelps Dodge and Inco is not
conditioned upon the completion of the Inco and
Falconbridge combination. Thus, in the event the
Inco-Falconbridge merger is not completed, Inco
shareholders will receive the same 0.672 shares of Phelps
Dodge and C$17.50 per share in cash that they would have
received in the proposed three-way combination. Should
Inco not complete the Falconbridge transaction, the Phelps
Dodge board of directors intends to execute the full US$5.0
billion share repurchase program within 12 months of closing
a transaction with Inco.
Inco has agreed to pay a break-up fee to Phelps Dodge
under certain circumstances of US$475 million on a
stand-alone basis and US$925 million in conjunction with
its combination with Falconbridge. Inco has also given
Phelps Dodge certain other customary rights, including a
right to match competing offers. Phelps Dodge has agreed
to pay Inco a US$500 million break-up fee under certain
circumstances.
Phelps Dodge has received financing commitments from
Citigroup and HSBC that may be drawn upon to fund the
contemplated transactions and the up to US$5.0 billion
share repurchase program.
Inco has received additional financing commitments from
Morgan Stanley, Goldman, Sachs & Co., Royal Bank of
Canada, and Bank of Nova Scotia in support of the increased
cash component of its revised agreed offer for
Falconbridge.
After completion of the transaction, current Phelps
Dodge shareholders would own approximately 40 percent of
Phelps Dodge Inco, current Inco shareholders would own
approximately 31 percent, and current Falconbridge holders
would own approximately 29 percent. The transaction, which
is subject to Phelps Dodge and Inco shareholder approval,
regulatory approvals and customary closing conditions, is
expected to close in September 2006.
Delivering Significant Value to Shareholders Through
Synergies and Growth
The combination of Phelps Dodge, Inco and Falconbridge
is expected to result in total annual synergies of
approximately US$900 million by 2008. This includes US$550
million in total expected annual synergies from the
combination of Inco and Falconbridge.
The net present value of total synergies, at a 7.0
percent discount rate, is approximately US$5.8 billion
after-tax.
The combination brings together three companies with
unique, complementary skill sets. The synergies previously
identified by Inco and Falconbridge will be generated in
part by joint operation of facilities in the Sudbury Basin,
where there are contiguous, interwoven mines and processing
facilities. Consolidation of the district allows feed flow
changes that result in production increases and cost
reductions. Also, consolidation of management allows for
the sharing of best practices.
The inclusion of Phelps Dodge enhances these synergies.
Its three-year-old North American One Mine processes are an
excellent blueprint for the consolidation of the Sudbury
district. In addition, Phelps Dodge brings a focus on
technology that can be applied to improve process
recoveries and throughput in Sudbury and elsewhere. Also,
the larger company will realize savings in procurement and
supply-chain management because of its much larger size.
Based on these synergies, the combination is expected
to be immediately accretive to cash flow and accretive to
earnings per share in 2008, excluding integration and
transaction costs.
The new, larger company will benefit from a
strengthened financial position to take advantage of future
growth opportunities. This increased financial strength,
coupled with its combined assets and expertise, will enable
it to pursue current and future development projects more
effectively.
The combined company will have an impressive list of
greenfield and brownfield projects and expansions. Those
now in commissioning or in the late stages of construction
include Voisey's Bay (nickel), Cerro Verde
(copper/molybdenum) and Henderson (molybdenum). Other
projects include Safford (copper), Tenke Fungurume
(copper/cobalt), Climax (molybdenum), Lomas Bayas (copper),
Collahuasi (copper/molybdenum), El Morro (copper), El Pachon
(copper), El Abra (copper), Goro (nickel), Koniambo
(nickel), and Nickel Rim (nickel).
Management Team and Board of Directors
J. Steven Whisler, 51, chairman and chief executive
officer of Phelps Dodge, will be chairman and chief
executive officer of the new company. Scott M. Hand, 64,
chairman and chief executive officer of Inco, will become
vice chairman of Phelps Dodge Inco. Derek Pannell, 60,
chief executive officer of Falconbridge, will become
president: Inco Nickel and will head the new company's
nickel, zinc and aluminum operations. Timothy R. Snider,
56, president and chief operating officer of Phelps Dodge,
will hold the same position in the new company. Ramiro G.
Peru, 50, executive vice president and chief financial
officer of Phelps Dodge, will be the chief financial
officer of the new company. Whisler, Snider and Peru will
be based in Phoenix. Hand and Pannell will be based in
Toronto.
The board of directors of the new company will be
composed of 15 members, 11 from the board of Phelps Dodge
and four from the boards of Inco and Falconbridge.
Benefits to Canada
Canada will derive benefits not only from the new
Phelps Dodge Inco's scale and global reach, but its
continuing strong commitment to Canada overall and the
local communities in which it operates. As the largest
mining company based in North America, Phelps Dodge Inco
will have ready access to global capital markets and be
well positioned to draw upon its leading market position,
combined management teams, technical depth and the
expertise of its collective workforce. In Canada, Phelps
Dodge Inco will continue to pursue all major capital
expenditure projects that Inco and Falconbridge have
initiated.
Regarding Canadian employment, Phelps Dodge Inco will
not lay off any employees at any of its Canadian operating
companies for at least three years after the completion of
the transaction, unless those employees are part of an
already announced shutdown or reduction in workforce.
Canadians will occupy a majority of management positions of
the Canadian businesses at Phelps Dodge Inco. While there
will be some head-office workforce reduction, as is natural
in any such combination, Phelps Dodge Inco will provide
severance and make available appropriate outplacement
and/or counseling services. Phelps Dodge Inco has committed
to establish the head office of the global nickel business
in Toronto. The company will maintain a major nickel
research and development facility in Canada, and continue
all existing Canadian exploration activities for a period
of at least three years. Additionally, Phelps Dodge Inco
will abide by any practices or agreements engaged in by
Inco or Falconbridge with provincial Canadian governments
concerning the export or processing of intermediate ore
products.
In local communities, Phelps Dodge Inco will maintain
all community and educational programs currently in place.
In Ontario, Manitoba, Newfoundland and Labrador, Quebec, and
New Brunswick, Phelps Dodge Inco has committed to direct
resources toward training, education and other initiatives
with the specific goal of training potential new employees,
as well as enhancing the resources and quality of training
available to existing employees. The new company will also
maintain and carry forward the practice of environmental
protection established over many years by each company, as
well as keeping an unwavering focus on worker health and
safety.
A World Leader in Metals and Mining
The combined entity will have large-scale production
capabilities, significant proven and probable reserves in
all of its core commodities and a diversified asset base.
Copper
Pro-forma 2005 copper production for the combined
entity was 3.4 billion pounds. Pro-forma 2005 copper
revenues were US$11.13 billion. Phelps Dodge Inco will be
the world's largest publicly traded copper corporation
after the closing.
Nickel
Pro-forma 2005 nickel production for the combined
entity was 738 million pounds. Pro-forma 2005 nickel
revenues were US$5.8 billion. Upon closing of the
transaction, Phelps Dodge Inco will be the world's largest
nickel producer.
Molybdenum
Pro-forma 2005 molybdenum production for the combined
entity was 68 million pounds. Pro-forma 2005 molybdenum
revenues were US$1.89 billion. Phelps Dodge Inco will be
the world's second largest producer of molybdenum.
Cobalt
Pro-forma 2005 cobalt production for the combined
entity was 14 million pounds. Pro-forma 2005 cobalt
revenues were US$210 million. Phelps Dodge Inco will be
the world's third-largest producer of cobalt.
Webcast
Management of Phelps Dodge, Inco and Falconbridge will
host a webcast for investors today at 9:00 a.m. eastern
time, to discuss the details of the transaction. The
webcast can be accessed at http://www.phelpsdodgeinco.com
.
Phelps Dodge is one of the world's leading producers of
copper and molybdenum and is the largest producer of
molybdenum-based chemicals and continuous-cast copper rod.
The company employs 13,500 people worldwide.
Inco is a primary metals company. In business for 100
years, it is one of Canada's best-known companies and
largest exporters. It employs 12,000 people around the
world at mining operations, production facilities, a
research center and through its marketing and sales
network.
Falconbridge is a leading copper and nickel company
with investments in fully integrated zinc and aluminum
assets. Its primary focus is the identification and
development of world-class copper and nickel ore bodies.
It employs 14,500 people at its operations and offices in
18 countries.
Advisors and Counsel
Phelps Dodge is being advised by Citigroup Corporate
and Investment Banking and by HSBC Securities. Phelps
Dodge's counsel are Debevoise & Plimpton LLP and Heenan
Blaikie LLP. Inco is being advised by Morgan Stanley, RBC
Capital Markets and Goldman Sachs. Inco's counsel are
Sullivan & Cromwell and Osler, Hoskin & Harcourt
LLP. Falconbridge is being advised by CIBC World Markets.
Falconbridge's counsel are McCarthy Tetrault LLP and Fried
Frank Harris Shriver & Jacobson LLP.
Forward-Looking Statements
These materials include "forward-looking
statements" (as defined in Section 27A of the
Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934) including statements regarding, among
other things, the benefits of the combination with Inco and
the combined company's plans, objectives, expectations and
intentions. All statements other than historical
information are forward-looking statements. These
forward-looking statements are based on management's
current beliefs and expectations, speak only as of the date
made, and are subject to a number of significant risks and
uncertainties that cannot be predicted or quantified and
are beyond our control. Future developments and actual
results could differ materially from those set forth in,
contemplated by, or underlying the forward-looking
statements. The following factors, among others, could
cause actual results to differ from those described in the
forward-looking statements in this documents: (i) the
ability to obtain governmental approvals of the combination
on the proposed terms and schedule; (ii) the failure of
Inco's shareholders to approve the plan of arrangement;
(iii) the failure of Phelps Dodge's shareholders to
authorize the issuance of Phelps Dodge common shares, the
change of Phelps Dodge's name to Phelps Dodge Inco and an
increase in the size of Phelps Dodge's board of directors
as required under the combination agreement; (iv) the risks
that the businesses of Phelps Dodge and Inco and/or
Falconbridge will not be integrated successfully; (v) the
risks that the cost savings, growth prospects and any other
synergies from the combination may not be fully realized or
may take longer to realize than expected; (vi) the combined
company's inability to refinance indebtedness incurred in
connection with the combination on favorable terms or at
all; (vii) the possibility that Phelps Dodge will combine
with Inco only; (viii) the possible impairment of goodwill
and other long-lived assets resulting from the combination
and the resulting impact on the combined company's assets
and earnings; and (ix) additional factors that may affect
future results of the combined company set forth in Phelps
Dodge's, Inco's and Falconbridge's filings with the
Securities and Exchange Commission, which filings are
available at the SEC's Web Site at (http://www.sec.gov).
Except as required by law, we are under no obligation, and
expressly disclaim any obligation, to update, alter or
otherwise revise any forward-looking statement, whether
written or oral, that may be made from time to time,
whether as a result of new information, future events or
otherwise.
Supplemental Data
These materials also include terms used to describe
supplemental data. Any such data or terms are not a
substitute for any U.S. generally accepted accounting
principle measure and should be evaluated within the
context of our U.S. GAAP results. Any such references may
not be comparable to similarly titled measures reported by
other companies. As required by Regulation G, we have
posted on our Web Site -- http://www.phelpsdodgeinco.com --
a full reconciliation of non-GAAP financial measures to U.S.
GAAP financial measures. Unless otherwise indicated, all
information in this news release relating to Phelps Dodge
is on a post-FIN-46 basis (i.e., Candelaria and El Abra are
fully consolidated with minority interests shown separately
rather than a pro rata consolidation).
NOTE: In connection with the proposed combination,
Phelps Dodge Corporation ("Phelps Dodge") intends
to file a preliminary proxy statement on Schedule 14A with
the SEC. Investors are urged to read the proxy statement
(including all amendments and supplements to it) when it is
filed because it contains important information. Investors
may obtain free copies of the proxy statement, as well as
other filings containing information about Phelps Dodge,
Inco and Falconbridge, without charge, at the SEC's Web
site (http://www.sec.gov). Copies of Phelps Dodge's filings
may also be obtained without charge from Phelps Dodge at
Phelps Dodge's Web site (http://www.phelpsdodge.com) or by
directing a request to Phelps Dodge, One North Central
Avenue, Phoenix, Arizona 85004-4415, Attention: Assistant
General Counsel and Corporate Secretary (602) 366-8100.
For more information, please contact:
Peter J. Faur
Tel: +1-602-366-7993
Investors:
Stanton K. Rideout
Tel: +1-602-366-8589
Steve Mitchell
Tel: +1-416-361-7950
Investors:
Sandra Scott
Tel: +1-416-361-7758
Media & Investors:
Denis Couture
Falconbridge Limited,
Tel: +1-416-982-7020
SOURCE Phelps Dodge Corporation, Inco Limited;
Falconbridge Limited
2007'02.04.Sun
Xinhua Far East Downgrades the Issuer Credit Rating of COSCO Development Co Ltd to BBB; the Rating Outlook Remains Stable
June 26, 2006
HONG KONG, June 26 /Xinhua-PRNewswire/ -- Xinhua Far
East China Ratings (`Xinhua Far East") today
downgraded the issuer credit rating of COSCO Development Co
Ltd ("CDC" or "the Company", SH A
600641) from BBB+ to BBB; however, the company's rating
outlook remains stable. This concludes a rating review
initiated in October 2005.The downgrade was prompted by the
completion of an acquisition of a 55% equity interest in
Shanghai COSCO Sanlin Property Group Co Ltd ("COSCO
Sanlin"), the parent company of CDC, by Success Medal
International Ltd Co ("SMIL"). The acquisition
has given SMIL a 56.16% stake in CDC, via its wholly
controlled subsidiary, COSCO Sanlin. CDC's original
controlling shareholders, COSCO Group and Shanghai COSCO
Property Investment Co Ltd, no longer hold equity interests
in the company.
Xinhua Far East realizes CDC will no longer receive
implicit and explicit support from the COSCO Group in
respect to land acquisition and in overcoming regional and
institutional barriers as a result of this transaction. In
Xinhua Far East's view, support from a huge state-owned
conglomerate such as the COSCO Group is not only unique but
critical to its property development business in China and
can hardly be provided by foreign investors. Xinhua Far
East is also concerned about the challenges SMIL faces in
setting up a new management team and reorganizing the
business structure. Meanwhile, Xinhua Far East recognizes
the impacts of more stringent government policies recently
introduced for the real estate sector and the needs for the
Company to increase its land reserves.
Although SMIL has considerable real estate development
experience and project resources in China and East Asia,
the benefits it brings to CDC do not compare to those
afforded by a huge state-owned real estate conglomerate.
There are also uncertainties surrounding the proposed
business reorganization and integration, as well as SMIL's
intention to support the company and inject project
resources.
CDC has already disposed of its equity interests in the
Hainan Boao project to the COSCO Group to focus on real
estate development in Shanghai. Yet without further
acquisitions of new project resources, CDC's growth
potential may fall over time. At present, CDC has two key
projects under construction: Phase III of the Shanghai
Liangwan project; and the Shanghai Laoximen project. Phase
III of Shanghai Liangwan is nearly completed, while
Shanghai Laoximen is in the process of relocating original
residents.
However, CDC's cash position and its financial leverage
nevertheless improved in 2005 and in the first quarter of
2006 after the disposal of the Hainan Boao project -
improvements which will enable it to accelerate the
development of current projects and consequently improve
its financial performance.
Xinhua Far East believes that the integration process,
support from SMIL, the acquisition of new project
resources, and the company's management abilities will be
the key rating factors going forward.
COSCO Development Co Ltd is principally engaged in real
estate development in Shanghai and has built a respectable
brand image as a result of the Liangwan project. In 2005,
it reported turnover and EBIT of RMB244 million and RMB3
million.
COSCO Group, a Chinese state-owned conglomerate, is a
diversified services company with one of the most
recognized and admired brand names in the global shipping
and modern logistics businesses. The group also acts as an
independent shipping agency and provides services in
freight forwarding, ship building, ship repairing, terminal
operations, container manufacturing, trade, financing, real
estate, IT and contract employment.
SMIL was established in the British Virgin Islands by
Mr. Anthoni Salim and his father Mr. Liem Sioe Liong, both
of whom are the main shareholders of the Sanlin Group
(Indonesia). The Sanlin Group (Indonesia) is one of the
biggest diversified conglomerates in Indonesia, with
businesses in South East Asia, Hong Kong, the US and
Australia. SMIL holds a 56.16% stake in CDC, via its wholly
controlled subsidiary, COSCO Sanlin. SMIL plans to increase
its investments in the Chinese property market and use
COSCO Sanlin as its real estate investment and management
flagship in China.
Meanwhile, Shanghai COSCO Sanlin is the parent company
of CDC, with a 56.16% stake under control.
For the rating report summary, please visit
http://www.xinhuafinance.com/creditrating.
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/Shanghai
Ms. Joy Tsang
Tel: +852-3196-3983
+852-9486-4364
+86-21-6113-5999
Email: joy.tsang@xinhuafinance.com
US
Mr. 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
Press Availability with Warren Buffett, Bill and Melinda Gates
June 26, 2006
What: Live press conference and Q&A session in
New York, NY with Warren
Buffett, Melinda Gates and Bill Gates.
The press conference will be preceded by an
invitation-only Town
Hall meeting with Buffett and the Gateses at
the New York Public
Library, 11:00am-12:30pm EST.
Both the Town Hall and press conference will be
available via
Webcast by going to
www.thenewsmarket.com/GatesFoundation.
(Members of the media are strongly encouraged
to pre-register for
Webcasts to facilitate access Monday.) You can
also find other
media assets, including b-roll and still
photographs at that
Web site.
A live satellite feed of the press conference
and Q&A session will
also be available -- directions are below.
Who: Bill & Melinda Gates, Co-Chairs, Bill &
Melinda Gates Foundation
Warren Buffett, CEO of Berkshire Hathaway Inc.
When: Monday, June 26, 2006
1:30-2:30 pm EST
Where: Sheraton New York Hotel & Towers
New York Ballroom West, 3rd Floor
811 Seventh Avenue (at 53rd Street)
New York, NY
Please use the 53rd Street entrance.
To RSVP or for more information, press only:
Latia Curry Joy Portella
Tel: 001.646.319.1455 Tel: 001.206.437.7885
lcurry@ssk.com jportella@ssk.com
Members of the press are asked to RSVP before the press
conference on Monday, June 26th. Press credentials are
mandatory to gain entrance to this event.
Satellite Download Information:
For Ku satellite signal:
KU GALAXY 11 K 15 DOWNLINK FREQ 12003 HORIZ
AUDIO SUBCARRIERS ARE: 6.2, 6.8
For C Band satellite signal:
C BAND GALAXY 3C C4 DOWNLINK FREQ 3780 VERT
AUDIO SUBCARRIERS ARE: 6.2, 6.8
For satellite transmission problems, the
troubleshooting number is 732.969.3191. (Please note that
the transmission vendor cannot help with local downlink
issues).
About the Bill & Melinda Gates Foundation
Guided by the belief that every life has equal value,
the Bill & Melinda Gates Foundation works to reduce
inequities and improve lives around the world. In
developing countries, it focuses on improving health,
reducing extreme poverty, and increasing access to
technology in public libraries. In the United States, the
foundation seeks to ensure that all people have access to a
great education and to technology in public libraries. In
its local region, it focuses on improving the lives of
low-income families. Based in Seattle, the foundation is
led by CEO Patty Stonesifer and Co-chairs William H. Gates
Sr., Bill Gates, and Melinda French Gates.
http://www.gatesfoundation.org
SOURCE Bill & Melinda Gates Foundation
2007'02.04.Sun
Teaser Trailer World Debut: Spider-Man 3
June 26, 2006
This film is not yet rated by the MPAA
SATELLITE INFORMATION
EUROPE
1st Feed
June 27th, 2006
7:30PM - 7:45PM London Local (1830-1845 GMT)
2nd Feed
June 27th, 2006
11:00PM -11:15PM London Local (2200-2215 GMT)
3rd Feed
June 28th, 2006
3:00PM -3:15PM London Local (1400-1415 GMT)
Satellite: AB1/F5 Channel C
Downlink: 12642.75 H
Symbol rate: 6.1113
FEC: 3/4
Color: PAL
Playout point: Pacific Television Center Los
Angeles +1.310.287.3800
Uplink: DCI Washington DC +1.202.775.4300
Also available at BT Tower on ABQ H3 ex Pacific
Television Center
London. UK takers can request a re-feed via Tower at
any time within
24 hours by calling Pacific Television Center London
at +44.207.702.1427
ASIA/PACIFIC
1st Feed
June 28th, 2006
3:30AM - 3:45AM Tokyo Local (1830-1845 GMT on
6/27/06)
2nd Feed
June 28th, 2006
7:00AM - 7:15AM Tokyo Local (2200-2215 GMT on
6/27/06)
3rd Feed
June 28th, 2006
11:00PM - 11:15AM Tokyo Local (1400-1415 GMT)
Satellite: PAS-2/08C MCPC CH.2 (169' E)
Downlink Frequency: 3901.000 MHz Horizontal
FEC: 3/4
Symbol Rate: (Ms/s): 30.80000
Virtual Channel: 2, Network ID: 1
Color: NTSC
Playout point: Pacific Television Center Los Angeles
+1.310.287.3800
LATIN AMERICA
1st Feed
June 27th, 2006
3:30PM - 3:45PM
Buenos Aires Local (1830-1845 GMT)
2nd Feed
June 27th, 2006
7:00PM - 7:15PM Buenos Aires Local (2200-2215 GMT)
Satellite: PAS-9/10C MCPC CH.07 (58' W)
Downlink Frequency: 3880.000 MHz Horizontal
FEC: 7/8
Symbol Rate: 27.69000
Virtual Channel: 7, Network ID 5002
Color: NTSC
3rd Feed
June 28th, 2006
11:00AM - 11:15AM Buenos Aires Local (1400-1415 GMT)
Satellite: PAS-9/10C MCPC CH.06 (58' W)
Downlink Frequency: 3880.000 MHz Horizontal
FEC: 7/8
Symbol Rate: 27.69000
Virtual Channel: 6, Network ID 5002
Color: NTSC
Playout point: Pacific Television Center Los Angeles
+1.310.287.3800
For more information regarding the feeds or to request
a hardcopy,
please contact:
Black Diamond Media, Inc.
Tel: +1-310-451-5500
SOURCE Columbia Pictures
2007'02.04.Sun
The Nine Most Rapidly Expanding Industrial Sectors Will be Represented at the First Europe-China Industrial Affairs Conference
June 26, 2006
LE HAVRE, France, June 26 /Xinhua-PRNewswire/ -- CHINA
EUROPA 2006 -- China Europa 2006, which will be held from
December 6-8 in Le Havre, France, is the first conference
to be held on Chinese-European industrial sector
relationships. The event is primarily for European and
Chinese CEO's that wish to forge long term industrial
partnerships and sign commercial agreements in the
aeronautics, automobile, industrial equipment, metallurgy,
energy, plastics, electronics, eco-industry and logistics
segments.
For three days, China Europa will be the scene of
networking and long-term business opportunity between
French officials, European businessmen, and Chinese CEOs
that wish to grow their activities on the Chinese and
French markets.
Given the dynamic growth of Europe-Chinese trade
relations (they currently exceed EUR100 billion
bilaterally, with Chinese exports and imports increasing 20
percent annually) China Europa will promote productive
dialogue between enterprises while at the same time
providing them with the information they need to deploy
their development strategies in China and Europe.
Le Havre, which is France's leading foreign trade port
and the country's number one platform for trade with Asia
(Chinese import/export activities account for 20 percent of
the port's total traffic, a figure that increased 25 percent
from 2004-2005), shares with China the distinction of being
the premier port for trade between Asia and Europe.
Organized by Le Havre Developpement, China Europa is
also the beneficiary of official support from the French
Ministry of Foreign Trade and the Ministry of Trade of the
People's Republic of China.
China Europa will be held from December 6-8 at Docks
Cafe at Palais des Expositions in Le Havre.
Participation is China Europa 2006 is reserved for
members of the trade, who can preregister for the event at
http://www.china-europa.org
For more information, please contact:
Muriel Nicolas - David Leprince - Anne Vampouille
OPHA - 71 rue Fondary 75015 Paris - France
Tel: +33-1-56-77-14-14
Fax: +33-1-56-77-14-15
Email: contact@opha.fr
SOURCE China Europa 2006
2007'02.04.Sun
Radiancy Enters Agreement With Max Exchange Corporation to Supply Beauty Salons With Product for Light-Based Skin Rejuvenation
June 26, 2006
ORANGEBURG, N.Y., June 26 /Xinhua-PRNewswire/ --
Radiancy today announced the signing of an agreement
between Radiancy and Max Exchange Corp., a daughter company
of Kelti International Enterprise Group the Taiwanese direct
selling giant for Cosmetic and body care products. The
agreement makes way for the distribution of the Radiancy
Facial Toning Device (FTD) to salons throughout Taiwan.
"This marks a very special day for Radiancy,"
said Dr. Dolev Rafaeli, president and CEO of Radiancy,
"to be associated with Max Exchange Corporation in
Taiwan is a great honour for us, and we look forward to a
strong and mutually beneficial relationship."
For Max Exchange Corporation, the move represents a
serious expansion of its products and services. "Our
aim is to better support our customers with new and
innovative products," said Vincent Chen, president of
the Max Exchange Corporation.
The agreement calls for a minimum first year commitment
of over US$2,000,000, and will supply Radiancy Facial Toning
Devices to be distributed to their network of over 3,000
salon affiliates in Taiwan.
With that kind of distribution power behind the
product, excitement over the Radiancy Facial Toning Device
is understandably running high. "We anticipate that
the trend created by the Max Exchange Corporation purchase
will spark interest in the product over the entire Asian
beauty sector," explained Dr. Rafaeli. "This is a
new era for the beauty industry in Asia, for the first time
light-based applications will be available to all salons,
regardless of size or status".
Radiancy Facial Toning Device is an LHE Technology
device for gentle skin rejuvenation. Often used as part of
a salon anti-aging facial, it is reported to enhance the
absorption of creams and lotions, homogenise skin tones and
improve overall texture.
Phase two of the Radiancy-Max Exchange Corporation
agreement calls for the joint development of a new
light-based cosmetic product created according to
specifications of the Max Exchange Corporation. Mr. Chen
expressed confidence in the new product, due out in Q4,
2006. This confidence is reflected by the inclusion of the
new product their initial order. "Facing the
challenges of the future and mastering the pulse of
changing trends, requires a broad and long-term
vision," stated Mr. Chen. "One that we feel will
be realised by offering these innovations and ever-more
effective solutions to the aesthetic industry."
The new product will be sold by the Max Exchange
Corporation throughout Greater China.
About Radiancy
Radiancy Ltd. develops and manufactures safe, effective
LHE phototherapy devices for Hair-Removal, Acne-Clearance,
Skin-Rejuvenation and Psoriasis.
Radiancy capitalised on LHE's inherent safety and
flexibility to develop a line of easy-to-use, professional
and micro-sized phototherapy devices that have
revolutionised pricing structures.
A business oriented outlook and a strong emphasis on
client support has gained Radiancy the largest
installed-base of phototherapy devices in the world.
For more information please contact:
Mr. Yoni Epstein
Radiancy Ltd.
Tel: +972-8-9433100
Fax: +972-54-7776615
Email: Yoni@Radiancy.com
Web: http://www.radiancy.com
SOURCE Radiancy Ltd.
2007'02.04.Sun
Xinhua Finance/MNI China Business Survey: Sentiment Falls
June 23, 2006
SHANGHAI, China, June 23, /Xinhua-PRNewswire/ -- Xinhua
Finance (TSE Mothers: 9399) and Market News International
(MNI), a part of the news service line of Xinhua Finance,
today announced the second-quarter Xinhua Finance/MNI China
business sentiment survey. The results of the survey
suggested that government efforts to slow the economy after
scorching first-quarter growth have sharply curtailed the
expectations of Chinese businesses.
The survey was completed June 5-19 with 160 listed
companies responding. A result greater than 50 implies
growth or improving conditions. (See accompanying story for
more on the survey methodology).
The full survey results can be found at
http://www.xinhuafinance.com/en/main/chinabizsurvey.html.
After improving markedly in the first quarter, the
survey shows expectations for future orders, production and
business conditions falling across the board in the wake of
government moves to slow an overheating economy.
Chinese companies still expect production, new orders,
overall business conditions and most of the other factors
measured by the survey to rise. But their expectations for
the pace of growth have fallen, in the case of production
capacity to the lowest index levels recorded in the
survey's history.
The index for expectations of overall business
conditions in three months fell to 74.65 in the second
quarter from 85.14 in the first quarter. The index for
future production fell to 76.1 from 83.33 in the first
quarter while the index for future new orders fell to 74.61
from 85.43 in the first quarter.
Most of the indexes showing current conditions were
down from the first quarter survey, although not as sharply
as those of the indexes reflecting expectations of
conditions in three months.
The index for current production fell to 71.69 in the
second quarter from 78.89 in the first quarter while the
index for current new orders fell to 75.78 from 78.35. The
index for current overall business conditions fell slightly
to 72.22 from 73.91 in the first quarter.
The indexes for production capacity, both for current
conditions and future expectations, fell to the lowest
levels since the survey started in the first quarter of
2005. The index for current production capacity fell to
65.63 in the second quarter from 73.91 in the first quarter
while the index for production capacity in three months
dropped to 70.83 from 77.90 in the last survey.
The results suggest that businesses expect government
efforts to slow the economy will affect their business and
may already be affecting their planning.
First-quarter data showed GDP grew at 10.3%, urban
fixed asset investment grew 27.7% and bank loans rose 70%
year-on-year to 1.26 trillion, already half of the
government target of 2.5 trillion for the full year.
The government responded by raising benchmark lending
rates by 27 basis points on April 27 and hiking the reserve
requirement for banks by 0.5 percentage point last Friday.
It also has also been using targeted money market
operations to penalize banks it sees as having loaned more
than appropriate in the first quarter.
Expectations for future interest rates rose sharply, to
62.78 in the second quarter from 51.17 in the first.
The government moves came after more than a year of
warnings about the possibility of overheating in some
sectors, combined with administrative and other measures
aimed at slowing those sectors.
Past government efforts to tighten credit through
administrative measures were at least partially offset by
the People's Bank of China's deliberate easy money policy
which was instituted last year to prepare the financial
system for that summer's currency reforms.
Despite stepping up sterilization operations and an
aggressive campaign to engineer interbank lending rates
higher, data have been showing liquidity continuing to
rise.
Some companies responding to the survey say the
fluctuating value of the yuan is already affecting their
operations or is expected to affect them in future. The
yuan has risen about 3.4% since the government removed its
peg to the dollar last summer.
Said one maker of electric equipment: "The
appreciation of the (yuan) will make exporting more
difficult."
A medical equipment maker complained that "the
fluctuation of exchange rates is having some impact on our
exports."
While Chinese exports have continued to rise, the
People's Bank of China has warned that companies are not
adjusting to increasing volatility in currency rates as
well as they should.
The next survey will be released in three months.
Xinhua Finance/MNI China Business Survey MethodologyThe
Xinhua Finance/MNI China Business Sentiment Survey was
conducted June 5-19 with 160 companies taking part.
Survey questions were modeled on Japan's Tankan survey
and the U.S.Institute for Supply Management's Report on
Business.
Results were compiled for both current conditions
compared with a month ago and for expectations of
conditions three months ahead.
Indexes were compiled using the Institute for Supply
Management's example: adding half of the percentage saying
conditions were unchanged to the percentage of those saying
conditions had improved generated the index. Therefore, a
result higher than 50 indicates a net positive response.
Companies agreed to participate in the survey, and to
provide comments about business conditions, under the
assurance that individual survey responses would not be
divulged except as part of the overall results.
Companies surveyed were all listed on domestic stock
markets or in Hong Kong, although some also have foreign
listings. The companies chosen were a mix of manufacturers
and non-manufacturers with about 75% of the companies
responding to the survey in manufacturing.
The next survey will be released in three months.
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.
For more information, please contact:
Xinhua Finance
Hong Kong/Shanghai
Ms. Joy Tsang
Tel: +852-3196-3983
+852-9486-4364
+86-21-6113-5999
Email: joy.tsang@xinhuafinance.com
Japan
Mr. Sun Jiong
Tel: +81-3-3221-9500
Email: jsun@xinhuafinance.com
Taylor Rafferty (Media/IR Contact)
Japan
Mr. James Hawrylak
Tel: +81-3-5733-2621
Email: James.hawrylak@taylor-rafferty.com
United States
Mr. Ishviene Arora
Tel: +1-212-889-4350
Email: ishviene.arora@taylor-rafferty.com
Europe
Mr. John Dudzinsky
Tel: +44-20-7614-2900
Email: John.Dudzinsky@taylor-rafferty.co.uk
SOURCE Xinhua Finance Limited; MNI
2007'02.04.Sun
Motorola Captures the Limelight at Asian MobileNews Awards 2006
June 23, 2006
Motorola honoured by the Asian Mobile Industry with top awards for Best Design; Best Female Handset and Best Mobile Application
SINGAPORE, June 23 /Xinhua-PRNewswire/ -- CommunicAsia
2006 -- Motorola, Inc. (NYSE: MOT), a global leader in
wireless communications, is proud to announce that three of
its top mobile products have been praised by Asian
MobileNews as best in their class at the Asian MobileNews
Awards 2006.
Motorola's thin and 'stylish MOTOSLVR L7 was recognised
as the "Best Mobile Phone Design," while the
slender and elegant MOTORAZR V3 Pink was celebrated as the
"Best Female Mobile Phone - 2006." Motorola's
recently announced MTV Mobbed entertainment platform was
awarded "Best Mobile Phone Application."
The announcement came during Asian MobileNews'
exclusive awards night held at Singapore's Tower Club. The
MOTOSLVR L7 and MOTORAZR V3 Pink handsets have already made
a huge splash since their worldwide launches and today's
award is testament to the handsets' innovative design,
functionality and ease of use. MTV Mobbed launched with
much acclaim at an exclusive event held in Singapore in
March 2006.
MOTOSLVR L7
Motorola's super slim Motorola MOTOSLVR L7 provides
wireless hands-free Bluetooth(R) technology, easy to use
still and moving image capture, which come to life on the
mobile's spacious colour screen. The handset supports up
to 1GB of expandable memory for storage of multimedia
files.
MOTORAZR V3 Pink
The MOTORAZR V3 Pink has become a 'must have' for
fashion conscious consumers the world over. Based on the
MOTORAZR V3, this stunning hot pink handset delivers the
ultimate combination of style and technology.
MTV Mobbed
MTV Mobbed is a mobile entertainment platform that
defines, explores and celebrates 'mobile' culture. Mobbed
is the first-ever digitally focused integrated platform MTV
Networks Asia has embarked upon, and is fully interactive
and integrated across all platforms; on-air, online,
on-mobile and even on-ground, thus reaching the youth
population in every way possible with the latest news,
gossips, downloads and local activities.
"Motorola is honoured that three of our most
acclaimed mobile products have received such recognition at
this year's Asian MobileNews Awards," said David
Taylor, Director of Strategic Operations, High Growth
Markets, Motorola Mobile Devices. "These awards
represent everything Motorola strives for in wickedly
compelling design and must-do mobile experiences."
For more information please visit
http://www.motorola.com/communicasia .
About Motorola
Motorola is known around the world for innovation and
leadership in wireless and broadband communications.
Inspired by our vision of Seamless Mobility, the people of
Motorola are committed to helping you get and stay
connected simply and seamlessly to the people, information,
and entertainment that you want and need. We do this by
designing and delivering "must have" products,
"must do" experiences and powerful networks --
along with a full complement of support services. A
Fortune 100 company with global presence and impact,
Motorola had sales of US $36.8 billion in 2005. For more
information about our company, our people and our
innovations, please visit http://www.motorola.com .
MOTOROLA and the Stylized M Logo are registered in the
US Patent & Trademark Office. All other product or
service names are the property of their respective owners.
For more information, please contact:
Natalie Harrison, PR Manager,
Mobile Devices, High Growth Markets,
Motorola
Tel: +61-412-990-912
Email: Natalie.harrison@motorola.com
David Sims,
Howorth Communications Digital Lifestyle Group
Tel: +61-2-8281-3852
Mobile: +61-409-928-209
EMail: davids@howorth.com.au
SOURCE Motorola, Inc.
2007'02.04.Sun
Statement by Texas Pacific Group and Newbridge Capital Group
June 23, 2006
HONG KONG, June 23 /Xinhua-PRNewswire/ -- Texas Pacific
Group and Newbridge Capital Group
("TPG-Newbridge") confirm that they have
submitted a proposal to acquire the telecommunications and
media assets of PCCW Limited ("PCCW") in a letter
submitted to PCCW's Board of Directors earlier this week.
TPG-Newbridge initiated its formal expression of
interest in PCCW earlier this year by entering into a
scheme implementation agreement on January 26, 2006 to
acquire 25% of the shares of Pacific Century Regional
Developments Limited ("PCRD"), a Singapore-listed
company which owns 23% of PCCW (equivalent to approximately
6% indirect ownership in PCCW). This scheme of arrangement
was initiated after appropriate discussions with the
Singapore regulatory authorities.
The shareholder vote to consider the scheme of
arrangement was scheduled for June 19, 2006, but was
postponed in view of developments relating to PCCW.
Subsequent to the postponement, PCCW received what was
believed to be an offer from another party to acquire
PCCW's telecommunications and media assets. In light of
such events, TPG-Newbridge has submitted its letter to PCCW
with the objective of providing the Board with a
constructive alternative to consider.
TPG-Newbridge's proposal is conditional on the support
of the Board of Directors and the shareholders of PCCW. As
stated in the letter, "We recognize the responsibility
and sensitivity that come with the ownership of such a
significant and strategic asset and are prepared to work
cooperatively with regulators and other shareholders to
create a transaction that benefits and is acceptable to all
parties." Furthermore, we note the public statement
made earlier this week by China Network Communications
Group Corporation, which is consistent with our desire to
pursue a transaction in accordance with the interests of
all parties.
In accordance with the requirements of the Singapore
Code on Takeovers and Mergers, the directors of Newbridge
Century Ltd., which is the special purpose vehicle formed
by Newbridge for the purpose of acquiring shares in PCRD,
have taken care to ensure that the facts stated and
opinions expressed in this document are fair and accurate
and that no material facts have been omitted from this
document, and they jointly and severally accept
responsibility accordingly. As of the date of this release,
the meeting of the scheme shareholders of PCRD has yet to be
reconvened.
For more information, please contact:
Hong Kong
Susan Stillings
Ogilvy Public Relations Worldwide
Tel: +852-2884-8148
E-mail: susan.stillings@ogilvy.com
Beijing
Philip Lisio
Ogilvy Public Relations Worldwide
Tel: +86-135-0116-6560
Email: philip.lisio@ogilvy.com
SOURCE Texas Pacific Group; Newbridge Capital Group
2007'02.04.Sun
Bleum on the Move
June 22, 2006
-- Aggressive Expansion Demands New Office Space --
SHANGHAI, China, June 22 /Xinhua-PRNewswire/ -- Bleum,
one of the leading software outsourcing companies in China
has moved to a bigger, brand new office space in Shanghai
to meet the company's rapid growth requirements.
(Photo:
http://www.newscom.com/cgi-bin/prnh/20060622/CNTH007 )
The bright, spacious office has been designed with a
focus on security and superior working conditions. From a
security perspective, special features include the use of
CCTV cameras, restricted door access including state of the
art biometric sensitive door systems. Bleum's Offshore
Development Centres (ODC's) are complete with their own
meeting rooms and door access systems. There is also a
dedicated training room for up to 24 students, with an
inter-connecting door to the purpose built
pantry/relaxation area. This relaxation area is a focal
point for company gatherings with a bar, pool table and
games area and provides the perfect environment for
colleagues to mingle, network and relax.
Eric Rongley, CEO of Bleum, described some of the
features of the design, "Bleum's new work space
combines our customer requirements, our staff's thoughts
and is aligned with our longer term business plan. We set
out to provide the optimum working conditions for our staff
that will increase our ability to delivery ever higher
quality work."
He continued, "Security is a priority for our US
based customers, in particular those in the financial and
credit card vertical. We also see our superior security
measures as providing would-be customers wary of China's
security and intellectual property protection with an added
level of comfort."
In addition to security; close team work, collaboration
and ongoing skills training are vital to building Bleum's
capability. The emphasis on the pantry/relaxation area and
training room were created specifically to raise standards
in the most conducive of environments.
The office is located in Cloud 9 Mansion, Yann'an Xi
Lu, and is perfectly situated to take maximum advantage of
Shanghai's excellent infrastructure. The GaoJia,
Shanghai's main arterial route, runs alongside the building
providing easy access to all of Shanghai. In addition, Hong
Qiao Airport is only 20 minutes away and roads to Pudong
International airport easily accessible.
Bleum's New Office Address:
Cloud 9 Mansion 8/F
1118 West Yan'an Road
Shanghai
China
200052
Tel: +86-21-6282-1122
About Bleum
Bleum is a leading offshore software outsourcing
service provider in China. The CMM Level 5 accredited
company, combines the highest security practices, top
talent from China and strong English skills under the
strategic direction and guidance of international
management. For more information, please visit
http://www.bleum.com .
About CMM
Bleum is one of only a handful of software outsourcing
companies to have CMM Level 5. CMM is an internationally
recognized standard for measuring the maturity of an
organization's software development processes and has
become the primary benchmark multinational corporations use
to judge offshore service providers' abilities to deliver
high quality software.
For more information, please contact:
Jean Wylie
Communications Director
Tel: +86-21-6282-1122
Email: jean.wylie@bleum.com
Mike Signorelli
Vice President Global Sales
Tel: +86-21-6282-1122
Email: mike.sig@bleum.com/info@bleum.com
SOURCE Bleum
2007'02.04.Sun
Motorola Joins Eclipse Foundation With New Tools for Mobile Linux(R) Project
June 22, 2006
Company Furthers Commitment to Mobile Open Source Development as an Eclipse Foundation Board Member and Strategic Developer
LIBERTYVILLE, Ill., June 22 /Xinhua-PRNewswire/ --
Motorola, Inc. (NYSE: MOT) and the Eclipse Foundation, an
open source community focused on providing a universal
development platform, announced today that Motorola has
joined Eclipse as a Strategic Developer Member. As part of
this commitment, Motorola will hold a seat on the Board of
Directors and participate in the Architecture,
Requirements, and Planning Councils of the Eclipse
Foundation.
Motorola is also working with the Eclipse Foundation to
propose an Eclipse Tools for mobile Linux (TmL) project,
part of the Device Software Development Platform (DSDP)
Top-Level Project, to provide the extensible frameworks and
exemplary tools for the development of C++ applications
targeting mobile devices.
Motorola will contribute software, engineering
resources, and its mobile expertise to work with the
Eclipse community and across the mobile industry, to
develop a comprehensive development environment for mobile
Linux platforms. Developers working within the Eclipse
community will be encouraged to contribute expertise and
know-how to help reduce testing times and increase
market-ready mobile application development.
"With the support of the Eclipse community,
Motorola hopes to drive frameworks and tools to support all
phases of the application lifecycle for developers creating
and deploying C/C++ applications targeting mobile Linux
platforms," said Christy Wyatt, Vice President
Ecosystem Development, Motorola Mobile Devices. "Over
time, we hope the Eclipse TmL project will provide a home
for mobile Linux extensions across a wide range of existing
and future Eclipse projects."
"Mobile Linux is an extremely compelling
initiative and Eclipse is pleased to be working towards
offering developers extended options to develop in this
environment," said Mike Milinkovich, Executive
Director, Eclipse Foundation. "Working with Motorola,
a mobile industry leader with a strong developer ecosystem,
allows us to merge their wireless expertise with our
technology platforms to create a seamless offering for the
Mobile Linux developer community."
Motorola's membership in Eclipse is another important
step in reaching the company's goal to further awareness
and adoption of Linux in the mobile space. Last week,
Motorola and industry leaders announced their intent to
build a Linux-based platform for mobile devices and create
a foundation to support it. In addition, Motorola recently
launched MOTODEV, Motorola's new global developer and ISV
program, as well as opensource.motorola.com, a new resource
aimed at sharing source code, original Motorola open source
projects and new ideas and information with developers
around the world. The site features source code, including
kernel and drivers, for Motorola's Linux-based devices. It
also features Java technology including Java(R) test
frameworks, sample test cases, and will soon host code,
documents, and specifications for Motorola-lead JSRs (Java
Specification Requests) such as MIDP 3.0 (Mobile
Information Device Profile).
About Motorola
Motorola is known around the world for innovation and
leadership in wireless and broadband communications.
Inspired by our vision of Seamless Mobility, the people of
Motorola are committed to helping you get and stay
connected simply and seamlessly to the people, information,
and entertainment that you want and need. We do this by
designing and delivering "must have" products,
"must do" experiences and powerful networks --
along with a full complement of support services. A Fortune
100 company with global presence and impact, Motorola had
sales of US $36.8 billion in 2005. For more information
about our company, our people and our innovations, please
visit http://www.motorola.com
MOTOROLA and the Stylized M Logo are registered in the
US Patent & Trademark Office. Linux is the registered
trademark of Linus Torvalds in the U.S. and other
countries. Java and all other Java-based marks are
trademarks or registered trademarks of Sun Microsystems,
Inc. in the U.S. and other countries. All other product or
service names are the property of their respective owners.
For more information, please contact:
Sharen Santoski
Motorola, Inc.
Tel: +1-781-372-4264
Email: sharen.santoski@motorola.com
Sriya Kodial
Text 100
Tel: +1-617-399-4918
Email: sriyak@text100.com
SOURCE Motorola, Inc.
2007'02.04.Sun
The 2nd China (Beijing) International Exhibition and Symposium on Police Equipment and Anti Terrorism Technology and Equipment (CIPATE 2007) Opens on May 17-19, 2007
June 22, 2006
HONG KONG, June 22 /Xinhua-PRNewswire/ -- The most
authoritative China event for security and Olympics 2008:
The 2nd China (Beijing) International Exhibition and
Symposium on Police Equipment and Anti Terrorism Technology
and Equipment (CIPATE 2007), will be held in Beijing during
May 17-19, 2007.
Mr. Ma Zhenchuan, Director of Beijing Municipal Public
Security Bureau said, "Considering the significance of
the safety of Beijing, the public security department of
Beijing must conduct security activities of the capital
with the state of mind and strong technical equipment.
There is an urgent need to upgrade technical equipment. I
advocate all of those who are concerned in researching or
producing police and anti terrorism equipments to
participate in this event."
With a rising focus on the social security and the
Olympics 2008, Beijing Municipal Public Security Bureau is
responsible for the safety of the event and enforcing the
Capital's security. Hosted by the Bureau, CIPATE 2007 is
an exclusive official fair before Olympics 2008 covering
government representatives, police officers, Olympic
committee's security division, fire services departments,
security consultants, anti terrorism experts, embassies,
customs, and emergency planning divisions. Given the huge
China market for topics like homeland security and anti
terrorism in the long run, CIPATE 2007 is a vital and
authoritative event to reach decision makers and officials
concerning Beijing security and the Olympic security
projects.
The first CIPATE in 2005 attracted 200 exhibiting
companies including Agusta Westland, BMW, EADS, Elsag,
Ford, Mercedes-Benz, Motorola, and Sagem with security
professionals' presences. 15,000 government officials from
public-security units including the armed police systems and
judicial units visited the event. In view of CIPATE 2005's
20,000 sqm exhibition space sold out in six months, CIPATE
2007's exhibition scale will have 40% increases to meet
exhibitors demands.
Appointed by Beijing Municipal Public Security Bureau
and China Association for Science and Technology (CAST),
Hongkong-based Vertical Expo Services Company Limited (
http://www.verticalexpo.com ) is CIPATE 2007's exclusive
International Organizer and will introduce international
and professional practices to the event.
Besides exhibition, important official events including
official buyer delegations, technical symposium, and
purchasing sessions (Chinese officials and exhibitors) will
also be arranged during three-day event.
For more information, please contact Mr. Wilson Tong at
(852) 2528-0049 or log on http://www.cipate.com or email to
police@verticalexpo.com .
For more information, please contact:
Iris Fung
Blackink Marketing Communications
Tel: +852-3518-2576
Email: iris.fung@blackinkservice.com
SOURCE Vertical Expo Services Company Limited
2007'02.04.Sun
C O R R E C T I O N -- United Nations Development Programme/
June 22, 2006
In the news release, "Emissions-Free Fuel-Cell
Buses Debuts in Beijing
"issued on Tuesday, June 20 by United Nations
Development Programme, over Xinhua-PRNewswire, we are
advised by the organisation that the fifth paragraph,
second sentence, should read "Partners for this US$30
million initiative, supported by Global Environment
Facility (GEF) and UNDP include the Ministry of Science and
Technology (MOST)," rather than "Partners for this
US$30 million initiative include the Ministry of Science and
Technology (MOST)," as originally issued inadvertently.
Complete corrected release follows.
Emissions-Free Fuel-Cell Buses Debuts in Beijing
BEIJING, June 20 /Xinhua-PRNewswire/ -- Three new
Fuel-Cell Buses hit the streets of Beijing today, bringing
emissions-free fuel-cell based public transportation to
China for the first time. After over 3,000 kilometers of
test runs and security checks, today, the buses officially
begin running their 18.2 kilometer route from the North
Gate of the Summer Palace to the Wudaokou area.
"Today marks the first public operation of
fuel-cell buses in Beijing, it is the first ever in China,
and one of the first in a developing country," said
Renaud Meyer, Deputy Resident Representative of the United
Nations Development Programme (UNDP) in China. "The
hydrogen refueling station, to be fully operational this
summer, will also be the first of its kind in China,"
he added.
Fuel-cell vehicles hold the prospect for zero tailpipe
emissions of major air pollutants such as CO, NOx, HCs.
They will not only serve to reduce the burden on the
environment through the reduction of greenhouse gas
emissions, but will offer a new solution for dealing with
the depletion of fossil fuels.
`It is our hope that through this project, we can build
the foundation towards full-scale commercialization of
hydrogen fuel cell buses - to promote sustainable
transport, the use of renewable energy, and cleaner
air," Meyer said.
He stressed that the Fuel-Cell Bus project also
reflects UNDP's strong emphasis on multi-stakeholder
participation and partnerships. Partners for this US$30
million initiative, supported by Global Environment
Facility (GEF) and UNDP, include the Ministry of Science
and Technology (MOST), and China International Center for
Economic and Technical Exchanges (CICETE) for providing
financial and management support; DaimlerChrysler and
Ballard for providing the Fuel-Cell Buses; BP and
Sino-Hytec for the construction of the hydrogen-refueling
station; and the Beijing Public Transportation Corporation
for setting the routes and operating the buses.
In Beijing and Shanghai, public buses are among one of
the major contributors to air pollution. This eight-year,
2-phased project attempts to lay a foundation for
addressing this problem. Phase II of the project, to start
in late-2006, will launch three additional fuel cell buses
and construct a hydrogen refueling station for
demonstration and operation in Shanghai. In Beijing, the
project will expand the hydrogen refueling station, and use
data from the operation of the three buses to support
efforts to commercialize fuel-cell technology.
Despite considerable efforts and significant
achievements in China to combat air pollution and
greenhouse gas emissions, China continues to rank second
among the world's largest oil consuming countries. Coal
combustion and oil consumption, the two primary sources of
air pollution, constitute at least 90% of China's total
energy use. The transport sector, which relies almost
entirely on oil, is projected to account for most of
China's new demand for oil over the next 20 years. It is
predicted that by 2010, the percentage of emissions from
big cities will represent 64% of total emissions from all
cities in China.
Fuel-Cell Buses official website: www.chinafcb.org.cn
For further information and to obtain pictures of the
Fuel-Cell Buses, please contact:
Ms. Zhang Wei,
Communications Officer,
UNDP China
Tel: +86-10-8532-0715
Email: wei.zhang@undp.org
UNDP is the UN's global development network, advocating
for change and connecting countries to knowledge, experience
and resources to help people build a better life. We are on
the ground in 166 countries, working with them on their own
solutions to global and national development challenges.
As they develop local capacity, they draw on the people of
UNDP and our wide range of partners.
SOURCE United Nations Development Programme
2007'02.04.Sun
Arrow Asia Named Distributor of the Year by National Semiconductor
June 22, 2006
HONG KONG, June 22 /Xinhua-PRNewswire/ -- Arrow Asia
Pac announced that it has been named "Distributor of
the Year" in the Asia Pacific region by National
Semiconductor (NYSE: NSM), one of the world's leading
manufacturers of analog components. This award recognizes
Arrow's outstanding and consistent sales performance,
strategic contributions, strong technical support and
continued commitment across Asia.
"This recognition reinforces our ongoing
commitment to helping our suppliers grow their business and
our continued focus on bringing leading-edge products to our
customers in Asia," said Peter Kong, President of Arrow
Asia Pac Ltd.
"We are honored to receive this prestigious
recognition from National Semiconductor, one of our
strategic and long-standing partners. This recognition
clearly reflects Arrow's unwavering commitment in driving
National's business and market share across Asia. The
working relationship between us is truly exceptional at all
levels and the award is a tribute to the dedication and hard
work by both teams," said Richard Huxley, Vice
President of Marketing, Arrow Asia Pac Ltd.
"Arrow has demonstrated tremendous commitment in
putting together a strategy that supports our business
goals and in delivering business results consistently
across Asia," said Martin Kidgell, VP & MD,
National Semiconductor Asia Pacific. "We appreciate
the excellent work and efforts by Arrow and we look forward
to continuing this relationship and delivering value to our
customers in the region."
About National Semiconductor
National Semiconductor, the industry's premier analog
company, creates high-value analog devices and subsystems.
National's leading-edge products include power management
circuits, display drivers, audio and operational
amplifiers, interface products and data conversion
solutions. National's key analog markets include wireless
handsets, displays and a variety of broad electronics
markets, including medical, automotive, industrial, and
test and measurement applications. Headquartered in Santa
Clara, California, National reported sales of $2.16 billion
for fiscal 2006, which ended May 28, 2006. Additional
company and product information is available at
www.national.com .
About Arrow Asia Pac
A subsidiary of Arrow Electronics, Inc. (NYSE: ARW),
Arrow Asia Pac is one of Asia Pacific's leading electronic
component distributors. In addition to its regional
headquarters in Hong Kong, Arrow Asia Pac operates 41 sales
offices, four primary distribution centers and eleven local
warehousing facilities in eleven countries/territories
across Asia.
Providing a full range of semiconductors, passive,
electromechanical and connectors products from over 60
leading international suppliers, Arrow Asia Pac serves more
than 10,000 original equipment and contract manufacturers
and commercial customers in Asia Pacific. Visit us at
www.arrowasia.com .
For more information, please contact:
Ray Leung
Marketing Communications Director
Arrow Asia Pac Ltd.
Tel: +852-2484-2683
Email: ray.leung@arrowasia.com
Grace Kung
Marketing Communications Manager
Tel: +852-2484-2682
Email: grace.kung@arrowasia.com
SOURCE Arrow Asia Pac Ltd.
2007'02.04.Sun
Paris Anti-Avian Influenza 2006 World Congress - Latest Advances on Prevention, Therapies and Protective Measures - Institut Pasteur, Paris, France, June 29-30 2006
June 22, 2006
PARIS, June 22 /Xinhua-PRNewswire/ -- For the first
time, more than two hundred international specialists
(ministry of health, police and army, crisis management,
transports companies, public association, mayors,
researchers, pharmaceutical laboratories) will gather on
June 29-30 2006 at the Institut Pasteur in Paris, France,
to discuss about the latest advances on Avian Influenza,
especially on new therapeutic targets for treatment and
prevention in humans, and plan the strategies to avoid or
stop a human pandemic. A special session will be reserved
to discuss the management of a catastrophic scenario, in
the case of a pandemic outbreak.
The following topics will be approached:
1) Overview about the Avian Influenza propagation in
the world
2) Focus on H5N1
3) Treatments and perspectives
4) New detection tools and kits
5) Prevention of influenza
6) Alternative Solutions and Pathways in Influenza
Prevention and
Treatments
7) Disaster management response
Dr Marvin Edeas, Chairman of the Organising Committee
of Paris Anti-Avian Influenza 2006 announces that,
"Our aim is to launch the discussion between the
different actors involved in the fight against Avian
Influenza starting from medical and scientific specialists
to government crisis management specialists and we will try
to answer many questions: is the medical profession ready to
fight against a pandemic? Is the world ready to face a human
avian flu pandemic? How to manage the crisis at all levels
and sectors?"
Paris Anti-Avian Influenza 2006 will also gather:
government members of several foreign countries, the
different international organisations involved in he fight
against human and avian influenza (WHO, OIE, World Bank,
EISS, GROG), the world specialists in the field (A.
Osterhaus, S. Van der Werf, M. De Jong, E. DeClerq, D.
Swayne, E. Hoffmann)
Paris Anti-Avian Influenza 2006 will also provide the
opportunity to scientists and industrials to present their
work on H5N1, new targets, new tracks or products that have
shown their efficiency in the fight against influenza or new
tools and kits to detect the virus.
Many International Companies will be present at this
meeting: Applied Biosystems, Battelle, Baxter, Biomerieux,
Biorad, Boeing, Combimatrix, GSK, Green Hills
Biotechnologies, Procter and Gamble, Roche, Rockeby Biomed,
Sanofi Pasteur, Solvay Pharma, Triosyn.
Programme and useful information on
http://www.isanh.com/avian-influenza/
For more information, please contact:
Dr Sandra Huguenin,
Tel: +33-1-55-04-77-55
Email: influenza2006@wanadoo.fr
SOURCE Paris Anti-Avian Influenza 2006 World Congress
2007'02.04.Sun
AXT, Inc. to Co-Host a One-Day Symposium in Shanghai
June 21, 2006
FREMONT, Calif., June 21 /Xinhua-PRNewswire/ -- AXT,
Inc. (Nasdaq: AXTI), a leading manufacturer of compound
semiconductor substrates, today announced that it will
co-host a one-day symposium in Shanghai in cooperation with
the Shanghai Optoelectronics Trade Association (SOTA) on
June 28, 2006 in Xin Jin Jiang Tower Hotel in Shanghai.
The symposium, entitled "Overview of the Current
Market, Technology, and Development of Compound
Semiconductor Materials in China," is designed to
bring together government, academia and business leaders to
discuss industry-related topics such as the development of
new energy sources, the future role of compound
semiconductor substrates and epitaxial technology.
"We are very pleased to sponsor this event along
with the Shanghai Optical Trade Association (SOTA) in an
effort to facilitate a discussion of timely issues within
our industry and to highlight the capabilities of local
businesses. AXT operates the largest compound
semiconductor substrate manufacturing facility in the world
with plenty of capacity for expansion. We have a rich
tradition of innovation that has been a hallmark of our
company for the past 20 years. We were the first to
commercialize VGF technology, the technology that has
become the industry standard. Our commitment is to provide
high quality, low cost compound semiconductor products,
including gallium arsenide, indium phosphide and germanium,
which support a wide array of applications and customer
requirements. We also offer a full suite of raw materials
and related products to customers not only in mainland
China, but worldwide. Among our key goals is to expand our
base of customers and partners in China and to continue to
serve our industry and our community through innovation and
excellence," said Phil Yin, chief executive officer.
About AXT, Inc.
AXT designs, develops, manufactures and distributes
high-performance compound and single element semiconductor
substrates comprising gallium arsenide (GaAs), indium
phosphide (InP) and germanium (Ge). The company's substrate
products are used primarily in lighting display
applications, wireless communications, and fiber optic
communications. Its vertical gradient freeze (VGF)
technique for manufacturing semiconductor substrates
provides significant benefits over other methods and
enabled AXT to become a leading manufacturer of such
substrates, particularly in optoelectronics applications.
AXT has manufacturing facilities in China and invests in
five joint ventures producing raw materials. For more
information, see AXT's website at http://www.axt.com . The
company can also be reached at 4281 Technology Drive,
Fremont, California 94538 or by calling (510) 683-5900. AXT
is traded on the NASDAQ National Market under the symbol
AXTI.
For more information, please contact:
John J. Cerilli,
Vice President, Global Sales and Marketing
AXT, Inc.
Tel: +1-510-683-5900
Leslie Green
Green Communications Consulting, LLC
Tel: +1-650-312-9060
SOURCE AXT, Inc.
2007'02.04.Sun
TCOM Completes Previously Announced Acquisition of Wukuang
June 21, 2006
HONG KONG, June21 /Xinhua-PRNewswire/ -- Telecom
Communications, Inc. (OTC Bulletin Board: TCOM) today
announced its subsidiary, Alpha Century Holdings Limited
(Alpha) has completed an acquisition of 100% ownership
interest of Guangzhou Panyu Minmetals Import & Export
Co., Ltd., a PRC L.L. company, the operation of Wukuang IE
Limited ("Wukuang"), from its owners in
$500,000cash.
"We are very pleased with the final structure of
Wukuang," said Tim Chen, Chief Executive Officer of
TCOM. "We saved $5.5 million in acquiring a company
with an annual profitable revenue of more than $10 million.
This transaction is expected to enable Wukuang to integrate
the use of Subaye.com, as well as Wukuang's experts from
the logistics facility in China."
TCOM will be implementing the deployment of its SMEs
e-commerce logistic in both China and overseas, and will be
tying such deployment, where possible, for use at the
Wukuang facilities. There are such uses for this logistic
in both traditional trade and e-commerce.
About Telecom Communications, Inc.
Telecom Communications, Inc. (TCOM) is a Total
Solutions Provider that offers Integrated Communications
Network Solutions and Internet Content Service in universal
voice, video, data web and mobile communications for
interactive media applications, technology and content
leaders in interactive multimedia communications. It
develops, markets and sells a universal media software
solution for enterprise-wide deployment of integrated
voice, video, data web and mobile communications and media
applications. Telecom Communications, Inc. does business in
Asia via its wholly owned subsidiaries, Alpha Century
Holdings Ltd. (http://www.subaye.com ), IC Star MMS, Ltd.
(http://www.icstarmms.com ) and 3G Dynasty Inc.
(http://www.skyestar.com ).
Safe Harbor
The statements made in this release constitute
"forward-looking" statements, usually containing
the words "believe," "estimate,"
"project," "expect," or similar
expressions. These statements are made pursuant to the safe
harbor provisions of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements inherently
involve risks and uncertainties that could cause actual
results to differ materially from the forward-looking
statements. Factors that would cause or contribute to such
differences include, but are not limited to, changing
economic conditions, interest rates trends, continued
acceptance of the Company's products in the marketplace,
competitive factors and other risks detailed in the
Company's periodic report Filings with the Securities and
Exchange Commission. By making these forward- looking
statements, the Company undertakes no obligation to update
these statements for revisions or changes after the date of
this release.
For more information, please contact:
Ms. Sandy Tang
Telecom Communications, Inc.
Tel: +852-2782-0983
Email: pr@tcom8266.com
SOURCE Telecom Communications, Inc.
2007'02.04.Sun
Ultrasonix Medical Corporation Names New Senior Executives
June 21, 2006
Company Further Expands Its Sales Presence in North America, Europe, and Asia
BURNABY, British Columbia, June 21 /Xinhua-PRNewswire/
-- Ultrasonix Medical Corporation, a company dedicated to
providing "Smart Ultrasound for better patient
care," announces appointments of three executives,
adding high-profile professionals to its growing list of
industry catalysts. Lyle Mussman is appointed as Vice
President of Sales - North America; John Fitzgerald as
General Manager - Europe Sales; and Peter Redden as General
Manager - Asia Sales. Each of these individuals possesses
more than 25 years of industry experience and demonstrated
excellence in expanding market share in their given
territories.
Mussman was most recently Vice-President of Sales and
Marketing for Mirabel Medical Systems, a developer of
breast cancer screening devices in Austin, Texas. Mussman
has worked as Senior Manager in corporate accounts, sales
and marketing in the Ultrasound industry for the past 28
years. Additionally, as a business leader at GE
Healthcare's Specialty Ultrasound, he was responsible for a
three-fold increase in the OB/Gyn sales over 3 years.
Mussman has a Bachelor of Science degree from Central
Missouri State University and has completed various sales
and marketing training programs throughout his career.
Fitzgerald has been in the Health Care field for 34
years, the last 10+ years of which he has been based in
Europe and the previous years in the Canadian market.
While in Canada, Fitzgerald was General Manager of Overseas
Monitor Corporation (OMC), a medical electronic distributor
of the Aloka Ultrasound product line. Under his direction
OMC sold the first Color Flow Doppler unit in North America
in the early 1980's. In 1995, Fitzgerald was appointed as
Distributor Manager for ATL and increased the European
sales by 40% in 3 years.
Redden possesses over 20 years experience in Asia
Pacific region in various capacities ranging from
overseeing operational management to building Asia wide
sales organizations. Most recently, Redden was General
Manager for Cooper Surgical, in which he was responsible
for establishing and managing Asian regional sales. Redden
also serves as Managing Director of Pacific Marketing
Company where he has demonstrated in-depth market knowledge
by assisting companies such as Johnson & Johnson,
Interspec Inc., Advanced Technology Laboratories and
Siemens Medical Devices. Redden obtained a Bachelor of
Arts degree from Kutztown University.
"Ultrasonix is thrilled to add such proven and
experienced talent to its current employee ranks.
Furthermore, given our recent growth in international
operations the aforementioned professionals enable us to
further expand our business operations and build a broader
network of key talent to serve customer needs," stated
John Buhler, President and CEO of Ultrasonix Medical
Corporation.
About Ultrasonix Medical Corporation:
A privately held company based in Burnaby, British
Columbia, focuses on development and manufacturing of high
quality diagnostic ultrasound imaging systems. Further
information is available at http://www.ultrasonix.com .
For more information, please contact:
Rossa Sung,
Global Marketing Manager,
Ultrasonix Medical Corporation
Tel: +1-604-437-9500
Fax: +1-604-437-9502
Email: info@ultrasonix.com
SOURCE Ultrasonix Medical Corporation
2007'02.04.Sun
AnalogicTech Announces High Efficiency, Integrated Step-Down Converter, LDO for GSM Applications
June 21, 2006
Fast Transient Response Meets Strict GSM Specs, Reduces Footprint
SUNNYVALE, Calif., June 21 /Xinhua-PRNewswire/ --
Advanced Analogic Technologies Incorporated (AnalogicTech)
(Nasdaq: AATI), a developer of power management
semiconductors for mobile consumer electronic devices,
today announced the AAT2505, the latest addition to the
company's growing SystemPower(TM) family of power
management IC products. Combining a fast transient 600mA
step-down converter with a fast transient 300mA low dropout
(LDO) linear regulator, the AAT2505 offers a highly compact
solution optimized for popular GSM mobile phone
applications.
(Logo:
http://www.newscom.com/cgi-bin/prnh/20050829/SFTU089LOGO )
"The power supply supporting a GSM handset
baseband chipset must wake up to full load within
microseconds," said Bill Weiss, Product Line Director
for AnalogicTech. "By integrating a fast transient
600mA step-down converter and a 300mA LDO, the AAT2505
forms a complete high-performance power supply solution for
GSM handset baseband core and I/O. In addition, the AAT2505
consumes 50% less PCB area than discrete solutions, and
avoids the arduous PCB layout overhead associated with
`mega' power management units."
Longer Talk Time
Low RDS(ON) integrated power switches on the AAT2505
step-down converter extend battery life and handset talk
time by supporting efficiency levels up to 98 percent. With
a wide output voltage range of 0.6V to VIN, the 600mA
converter also maintains a low 27uA no load quiescent
current. Its 1.4MHz switching frequency helps minimize the
size and cost of external components. Turn-on time is 150us
(typical).
The LDO delivers up to 300mA of current and features an
independent input pin. Optimized to support the fast
line/load transient requirements of a GSM chipset, the LDO
features low quiescent current and a power-OK (POK) output
to signal when the output voltage is in regulation.
The AAT2505 also adds internal soft-start,
over-temperature, and current limit protection.
Price and Availability
Specified over the -40 degrees C to +85 degrees C
temperature range, the AAT2505 is immediately available in
a Pb-free, 12-pin TDFN33 package. The device sells for
$1.14 each in 1000-piece quantities.
About AnalogicTech
Advanced Analogic Technologies Incorporated
(AnalogicTech) is a supplier of Total Power Management(TM)
semiconductor solutions for mobile consumer electronic
devices, such as wireless handsets, notebook and tablet
computers, smartphones, digital cameras, wireless LAN, and
personal media players. The company focuses its design and
marketing efforts on the application-specific power
management needs of consumer, communications, and computing
applications in these rapidly evolving devices. AnalogicTech
also develops and licenses device, process, package, and
application-related technology. AnalogicTech is
headquartered in Sunnyvale, California, with offices in
South Korea, Taiwan, Hong Kong, Macau, Shanghai, Shenzhen,
Beijing, Japan, Sweden, UK, and France, as well as a
worldwide network of sales representatives and
distributors. The company is listed on the NASDAQ exchange
under the ticker symbol AATI. For more information, please
visit the AnalogicTech website:
http://www.analogictech.com . (AnalogicTech - G)
AnalogicTech and the AnalogicTech logo are trademarks
of Advanced Analogic Technologies Incorporated. All other
brand and product names appearing in this document are
registered trademarks or trademarks of their respective
holders.
For more information, please contact:
Bill Weiss
AnalogicTech
Tel: +1-408-737-4600
Email: bweiss@analogictech.com
Matthew Quint
Quint Public Relations
Tel: +1-650-599-9450
Email: mquint@quintpr.com
SOURCE Advanced Analogic Technologies Incorporated
Trackback URI
http://en.news2u.net/__tb.php/00000697
2007'02.04.Sun
MIPIM ASIA 2006: Investors and Major International Corporations Sign up
June 21, 2006
PARIS, June 21 /Xinhua-PRNewswire/ -- From September 27
to 29 2006, a very large number of investors and
multinationals will converge on Hong Kong for MIPIM ASIA,
the leading international event for the real estate sector
in the Asia-Pacific region.
Among the first to enrol have been investors such as
Eurohypo AG, Morgan Stanley Real Estate Investment, Credit
Suisse, SEB Immobilien Investment GmbH, The Royal Bank of
Scotland, The Carlyle Group, Starwood, and Commerz
Grundbesitz Investment GmbH as well as international firms
such as Microsoft, Shell Real Estate, Hewlett Packard,
Warwick Hotels Resorts, and General Electric.
The real estate market in the Asia-Pacific region is
particularly vibrant, notably in Hong Kong, Shanghai,
Bangkok and Sydney. Property rental prices have proved to
be especially healthy in Shanghai, Manila, Bangkok and
Jakarta. The service sector is also experiencing a boom as
witnessed in Hong Kong, Shanghai, Beijing, Delhi, Mumbai,
Tokyo and Sydney.
According to a recent study commissioned by Reed MIDEM
from consultants AMR International, compound annual growth
rate in property investment in the Asia Pacific region is
expected to grow by 12.8% between 2004 and 2007, with the
prime investment destinations being Korea, Japan and China.
In this context, international investors and end-users
have become increasingly interested in the Asia-Pacific
market. The introduction of the Real Estate Investment
Trust (REIT) in Asia, in 2000, has provided investors in
the region with a new, tax-efficient and attractive vehicle
for investing abroad. For example, Macquarie Bank Ltd. has
taken advantage of the REIT system to invest in the Korean
real estate market. In Tokyo, the number of REITs grew
sixfold between 2001 and 2004 and continues to develop
according to AMR International.
In addition to the exhibition area, the MIPIM ASIA
conference programme will analyse the major trends in the
Asia-Pacific market through talks from high level
executives and experts. The sessions will be held
throughout the MIPIM ASIA event, right inside the
exhibition centre.
The conference topics will include:
-- Returns in Asia: who knows?
-- What's next for Asia Pacific REITs?
-- India -- the next eden for real estate investment?
-- Showcase of the hottest real estate sectors.
To access the press kit, information on exhibitors and
the agenda for MIPIM ASIA, go to http://www.mipimasia.com
.
For further information, please contact:
Belinda CHAN
Creative Consulting Group
Tel: +852-2372-0090
Email: belinda@creativegp.com
SOURCE Reed MIDEM
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