2007'02.01.Thu
Axiom Systems Completes Integration With Alcatel 5620 Service Management
May 16, 2006
NICE, France, May 16 /Xinhua-PRNewswire/ --
Telemanagement World -- Axiom Systems the leader in Service
Fulfilment software for telecommunications, today announced
that its AXIOSS(R) for IP Services solution is now
integrated with the Alcatel 5620 Service Aware Manager
(SAM).
This integration will allow Alcatel and Axiom Systems
customers to automate the service fulfilment of mass volume
orders whilst reducing the cost of ownership of those new
service products and their variants from component design
to rapid service creation and product launch. All of these
benefits occur whilst service revenues increase.
As an Alcatel Connected Partner, Axiom Systems
participates in a rigorous certification process to ensure
that its products are integrated with Alcatel's IP service
routing portfolio in order to simplify introduction of the
solution within customer networks, and thus speed
implementation of carrier-grade service provisioning.
With this milestone, service providers have an
integrated best-of-breed solution that will enable them
to:
* Process IP/Ethernet service orders across
Alcatel-based IP networks
faster and more efficiently than ever before.
* Increase throughput for such orders through improved
automation of the
end to end order management process, including
interfacing to multi-
vendor networks where appropriate.
* Minimize capital expenditure through optimized use of
existing multi-
vendor network resources.
* Reduce time and cost of rollout of multi-site
Ethernet and IP services.
* Increase customer satisfaction through improved
quality of service
delivery
"The Alcatel 5620 SAM and AXIOSS integration makes
it easy for providers to take a service-driven approach to
activation and provisioning," said Andrew McDonald,
vice president and general manager of Alcatel's IP service
management activities. "This further demonstrates the
commitment from both organizations to ensuring our service
provider customers receive the best technical solutions and
support in designing, creating and delivering dynamic and
new revenue-generating services."
"This solidifies the strong working relationship
between Axiom Systems and Alcatel," said Nik Soheili,
VP Alliances at Axiom Systems. "The open nature of the
SAM XML open interface and the 'Connected Partner'
principles of pre-integration, ongoing interoperability and
enhanced time-to-market advantages accelerate the delivery
of integrated solutions to customers."
Axiom Systems and Alcatel will present a joint
demonstration of their product portfolio at TeleManagement
World Forum in Nice May 16. The demonstration will show the
integration of the certified AXIOSS 5620 SAM Service Aware
Manager. Visit us at Booth #102.
About Alcatel 5620 SAM
The Alcatel 5620 SAM has already been selected by more
than 70 service providers around the world, and is
particularly popular in Europe where Alcatel shared the
leading position in IP Edge Aggregation in Q4 2005,
according to Synergy Research Group. New features include
enhanced CLI script management used in conjunction with
service templating, which accelerates provisioning of IP
services; Generic Node Element support which provides
visibility of third party routers; and Customer Network
Management enhancements that speed creation of OSS portals.
About Axiom Systems
Axiom Systems is the leader in software for the design
and delivery of wireline and wireless services for
communications providers. The company's AXIOSS(R) Suite
which incorporates modules for Order Management, Service
Inventory, Service Activation and a Designer Tool, provides
customers with advanced solutions for new services that
include IPTV, VoIP, IP VPN and Triple Play. More
Communications Providers in Europe use AXIOSS for IP and
broadband service fulfilment than from any other vendor.
Global customers include -- Cable & Wireless, Deutsche
Telekom, TeliaSonera, Wanadoo, AOL, Telekom Austria, TDC,
Telecom New Zealand, NTL, Telecom Italia and TelMex. The
company is headquartered in the UK, with regional offices
in Rome, Munich, Paris, Madrid, Budapest, Seattle USA,
Sydney and Singapore.
Axiom Systems was selected by Red Herring for inclusion
into its annual list of Top 100 Private Companies.
For more information, please contact:
Martine Parsons,
Marketing Director,
Axiom Systems
Tel: +44-118-9294133
Email: mparsons@axiomsystems.com
SOURCE Axiom Systems; Alcatel
PR
2007'02.01.Thu
Axiom Systems and Wipro Technologies Announce Service Component Factory Initiative
May 16, 2006
NICE, France, May 16 /Xinhua-PRNewswire/ --
Telemanagement World -- Axiom Systems the leader in service
fulfillment software for communications service providers
and Wipro Technologies, Global IT Services division of
Wipro Ltd (NYSE: WIT) today announced an initiative to
further invest in off-shore componentization by
establishing a Service Component Factory in Bangalore,
India.
The Service Component Factory will become a Center Of
Excellence for creating "building block" style
components that can be rapidly bolted together to
streamline the creation and fulfillment of multi-vendor,
multi-technology and multi-play products and services being
offered by Communication Service Providers today. Already
Axiom Systems and Wipro have been approaching Service
Fulfillment using a components approach with a number of
customers across the globe. The Component Factory will feed
into Axiom Systems central Development in the United
Kingdom.
The fulfillment of communications services is commonly
based around multiple disparate silos each with its own
bespoke processes, configuration, complicated coding and a
high level of technical expertise. In this type of OSS
(Operational Support System) environment, as the number of
services increases or services are bundled and blended
together, fulfillment becomes a significant barrier to the
delivery of new services. With little or no reuse, complex
static workflows increase causing maintenance to become a
complex, costly and time consuming process Components
dramatically simplify this process.
Components are "building blocks" that
incorporate all of the fulfillment elements associated with
particular services and associated technology resources.
Components can be reused and bundled with other components
to save time and money in the creation of new product and
service offerings. Approved components will be published to
a library which will then be available to Service Providers
around the world to help fast track the introduction of
next generation services from initial concept to revenue.
Brian Naughton, VP Product Strategy and Architecture
at Axiom Systems said, "We have always been at the
forefront of innovation in producing solutions which will
simplify the process of Service Fulfillment. Our customers
have been benefiting from a component based approach for IP
services since 2003 and the extension of this work with
Wipro Technologies around the Component Factory further
reinforces our investment in providing solutions to Service
Providers that meet the requirements of their business
problems today."
Suryanarayana Valluri, Vice President Telecom Service
Provider Group, Wipro Technologies, said, "After many
years of success in the Service Fulfillment market, the
creation of a Service Component Factory with Axiom Systems
will take the industry to the next level. Going forward,
off-the-shelf service components will be standard practice
for the telecommunications industry and we are proud to be
at the forefront of this innovation."
Wipro Telecom Service Provider Group has an experience
spanning two decades of serving Communication Service
Providers and Communication Equipment Manufacturers. With a
strong network of alliances, Wipro have been enabling
Communication Service Providers in faster deployment of new
services, cost optimization in existing operations and
increased customer retention.
About Axiom Systems
Axiom Systems is the leader in software for the design
and delivery of wire line and wireless services for
communications providers. The company's AXIOSS(R) Suite
which incorporates modules for Order Management, Service
Inventory, Service Activation and a Designer Tool, provides
customers with advanced solutions for new services that
include IPTV, VoIP, IP VPN and Triple Play. More
Communications Providers in Europe use AXIOSS for IP and
broadband service fulfillment than from any other vendor.
Global customers include -- Cable & Wireless, Deutsche
Telekom, TeliaSonera, Wanadoo, AOL, Telekom Austria, TDC,
Telecom New Zealand, NTL, Telecom Italia and TelMex. The
company is headquartered in the UK, with regional offices
in Rome, Munich, Paris, Madrid, Budapest, Seattle USA,
Sydney and Singapore.
About Wipro Ltd.
Wipro Limited is the first PCMM Level 5 and SEI CMM
Level 5 certified IT Services Company globally. Wipro is
one of the largest product engineering and support service
providers worldwide. Wipro provides comprehensive research
and development services, IT solutions and services,
including systems integration, Information Systems
outsourcing, package implementation, software application
development and maintenance services to corporations
globally.
In the Indian market, Wipro is a leader in providing IT
solutions and services for the corporate segment in India
offering system integration, network integration, software
solutions and IT services. Wipro also has profitable
presence in niche market segments of consumer products and
lighting. In the Asia Pacific and Middle East markets,
Wipro provides IT solutions and services for global
corporations. Wipro's ADS' are listed on the New York Stock
Exchange, and its equity shares are listed in India on the
Stock Exchange -- Mumbai, and the National Stock Exchange.
Please visit our websites at http://www.wipro.com/tsp
http://www.wiprocorporate.com
For more information, please contact:
Martine Parsons, Marketing Director, Axiom
Tel: +44-118-929-4133
Email: mparsons@axiomsystems.com
Sachin Mulay, Group Head,
Strategic Marketing, Wipro Technologies
Email: Sachin.mulay@wipro.com
India:
Sanjeeth Boloor,
Wipro Technologies
Tel: +91-984-529-4767
Email: sanjeeth.boloor@wipro.com
Sunanda Sanganeria,
Fortex Group
Tel: +91-981-155-3623
Email: sunanda@fortexgroup.com
US:
Harjiv Singh,
Fortex Group
Tel: +1-917-623-7793
Email: harjiv@fortexgroup.com
UK:
Julia Vockrodt,
VP Communications
Tel: +44-208-964-0260
Emial: julia@vp-pr.com
Sara Paine
Tel: +44-208-964-0260
Email: sara@vp-pr.com
SOURCE Axiom Systems; Wipro Technologies
2007'02.01.Thu
Axiom Systems Announce AOL's Use of AXIOSS(R) for Their Provision of Broadband and IP Services in France
May 16, 2006
NICE, France, May 16 /Xinhua-PRNewswire/ --
TeleManagement World -- Axiom Systems today announced that,
with their partners Inoven and Accenture, the AXIOSS
platform has been chosen to enable the design, creation and
delivery of all new IP and broadband services for AOL in
France.
AOL, assisted by Inoven for the Program Management and
Accenture, will use AXIOSS as a single standardized OSS
platform to support their current applications and shorten
the time between new service conception and delivery to the
market.
Many Operators have been fast to adopt AXIOSS for its
componentized approach to the roll out of revolutionary new
services like VoIP or IPTV. Widely acclaimed for its
simplicity of use by both Product and Technical people
alike, AXIOSS is now used by more service providers in
Europe for service fulfillment than any other COTS
package.
Bruno Chomel, Chief Technology Officer at AOL in
France, said, "In France, AOL has launched an
ambitious IT program. This is in order to address the
company's business goals and constraints such as more
flexibility in the launch of new offers, faster
time-to-market and reduced operational costs."
He continued, "We expect AXIOSS to help us achieve
our goals and accelerate the deployment of the project to
meet the aggressive timeframes we have set, through a
flexible and future-proof architecture."
Gareth Senior, Chief Executive Officer, at Axiom
Systems, said, "We are delighted that AXIOSS was
chosen for AOL in France to support their service
operations. As with all our customers, we expect them to
see visible benefits in terms of the speed at which they
can meet the demands of their customers."
About Axiom Systems
Axiom Systems is the leader in software for the design
and delivery of wireline and wireless services for
communications providers. The company's AXIOSS(R) Suite
which incorporates modules for Order Management, Service
Inventory, Service Activation and a Designer Tool, provides
customers with advanced solutions for new services that
include IPTV, VoIP, IP VPN and Triple Play. More
Communications Providers in Europe use AXIOSS for IP and
broadband service fulfilment than any other vendor. Global
customers include -- Cable & Wireless, Deutsche
Telekom, TeliaSonera, Wanadoo, AOL, Telekom Austria, TDC,
Telecom New Zealand, NTL, Telecom Italia and TelMex. The
company is headquartered in the UK, with regional offices
in Rome, Munich, Paris, Madrid, Budapest, Seattle, WA,
Sydney and Singapore.
Axiom Systems was selected by Red Herring for inclusion
into its annual list of Top 100 Private Companies.
Company website: http://www.axiomsystems.com
For more information, please contact:
Martine Parsons of Axiom Systems
Tel: +44-118-929-4133
Email: mparsons@axiomsystems.com
SOURCE Axiom Systems Ltd
2007'02.01.Thu
System General Announces Judge's Initial Determination of ITC Investigation 337-541
May 16, 2006
TAIPEI, Taiwan, May 16 /Xinhua-PRNewswire/ -- System
General Corporation (SG) announced today that the
Administrative Law Judge (ALJ) of the United States
International Trade Commission (ITC) has made an Initial
Determination in the patent infringement case in which SG
and Power Integrations, Inc. (PI) are the parties
(ITC-337-TA-541). The ALJ has Initially Determined that SG
has infringed certain claims of US Patent numbers 6,351,398
and 6,538,908. While SG respects this Initial
Determination, it strongly disagrees with the same and is
considering an appeal. According to SG, most of its
products including its new-generation power ICs have been
withdrawn from this investigation and shall not be
negatively impacted when being imported to the United
States, regardless of the final result of this case.
The complaint was filed by Power Integrations (PI) on
May 9, 2005, and originally alleged that 20 of SG's
products had infringed a total of 34 claims from four of
PI's US patents. During the ITC investigation, however, PI
withdrew its allegations with respect to most of the
allegedly infringed claims of the four patents, leaving
four claims of the 6,351,398 patent and two claims of the
6,538,908 patent in dispute; the products being disputed
are essentially limited to six chips. The Initial
Determination yesterday found that SG's power supply
controller ICs infringed the 6,351,398 patent and 6,538,908
patent. This Initial Determination is preliminary in
nature, and the full Commission will issue a Final
Determination by mid-August of this year. If the Final
Determination is unfavorable to SG, an exclusion order will
issue and may become effective within 60 days of its
issuance. However, a Final Determination by the Commission
is still subject to Presidential Review and appeal to the
United States Court of Appeals for the Federal Circuit,
where SG will continue to defend its products and seek a
favorable decision.
To protect the interests of our valued customers, SG
has already introduced its new-generation, power IC
products. These successor products have improved
performance with respect to power conversion efficiency and
standby power reduction, and PI and the presiding
administrative law judge withdrew these products from the
scope of the investigation. Thus, these products are
protected from any exclusion order. Moreover, these new
products have been manufactured according to SG's patents.
amples of these new IC products have been sent out for field
verification beginning in December 2005 and have received
very positive feedback from many power adaptor
manufacturers.
"We are disappointed with this ruling because SG
respects intellectual property rights, as SG itself
develops many new technologies and obtains patents for the
same. We will wait to review the Commission's Final
Determination, and decide upon our strategy for appealing
the same, if it is indeed unfavorable to SG," said Tom
Yang, CEO and founder of SG. "SG's products are all
covered by our own patents," said Mr. Tom Yang. He
further emphasized that SG has always endeavored to protect
patent rights, stating, "And over the years, SG has
received more than one hundred patents worldwide, including
50 US patents." He continued, "Regardless of the
outcome reflected in the Final Determination, we fully
support the United States patent system and recognize the
importance of patent protection to the industry."
About System General
System General was founded in 1983. Initially, the
company primarily offered power system design services. In
1985, it began R&D, manufacturing, and marketing of IC
programming and testing instruments. After endeavors of
more than a decade, SG has earned a reputation for high
quality goods and has received recognition from customers
in Taiwan and abroad. In 1999, SG established its
semiconductor branch, and began officially offering IC
design services. Its principal products are power
management ICs, which were introduced to the market in
2002. Most Taiwan IC design firms concentrate on the DC-DC
field, while SG is the only IC design firm in Taiwan
possessing comprehensive AC-DC power management chip
production lines with products used on the power management
systems of various kinds of computers, peripherals, wireless
communications equipment, and home appliances.
SG is headquartered in Taiwan with subsidiaries in the
US and China and an office in Korea, and has established
several marketing channels in Europe, America, and the Asia
Pacific region, actively paving the way for globalization.
The two SG business groups currently offer the
following products:
1. Power control and management IC: ATX SMPS control
IC; energy-saving
PWM control IC; scanner analog front end control
IC
2. IC programming and testing instrument: fully
automatic IC
programming and testing system; universal/special
component IC
burner; mass produced/R&D IC burner
SG Web site: http://www.sg.com.tw/
For more information, please contact:
Spokesperson:
Yu-lin Chen (Director, President's Office)
Tel: +886-2-2917-3005 x533
Email: yulin.chen@sg.com.tw
Deputy spokesperson:
Chilli Hsieh (Manager, President's Office,)
Tel: +886-2-2917-3005 x520
Email: chilli@sg.com.tw
Fax: +886-2-2911-1283
Web: http:// www.sg.com.tw
SOURCE System General Corporation
2007'02.01.Thu
Texas Instruments OMAP(TM) Applications Processor Selected as a Development Platform for Microsoft(R)'s Windows CE 6 Beta Release
May 16, 2006
TI's OMAP2420 Processor will be First ARM11-Based Processor Available to Support Windows CE 6 Release for Consumer Electronics Devices
LAS VEGAS, May 16 /Xinhua-PRNewswire/ -- Texas
Instruments Incorporated (TI) (NYSE: TXN) today announced
that Microsoft has selected TI's OMAP2420 applications
processor as the first ARM11-based development platform for
its Windows CE 6 beta release distributed this week to
device makers worldwide. A Board Support Package for TI's
OMAP2420 processor will be integrated into the Windows CE 6
Platform Builder toolkit. Device makers that choose this
processor can power compelling advances like richer
multimedia, 3D graphics and system integration for consumer
electronic devices, while reducing power consumption. TI's
OMAP2420 processor, which has shipped in millions of
devices to date, will be the first ARM11-based solution
that supports Windows CE 6, with a roadmap to include
future OMAP(TM) processors.
The new OMAP2420 platform for Windows CE 6, expected to
be available later this year, is ideally suited for richer
multimedia and low power applications including portable
navigation devices, media players, remote monitoring
equipment and gaming devices. This platform showcases the
next-generation features and capabilities of the redesigned
Microsoft Windows CE 6 kernel on TI's ARM11-based OMAP 2
platform, which will benefit a wide range of device
manufacturers designing on the OMAP 2 family of processors.
As a result of Microsoft's high level of testing
methodology, this platform will give manufacturers a
higher-quality, better-performing Windows CE 6 experience
on the OMAP2420 processor.
"We're pleased with Microsoft's decision to use
the OMAP2420 processor as the first ARM11-based hardware
solution for its Windows CE 6 platform launch," said
Richard Kerslake, worldwide general manager for TI's OMAP
platform. "With this partnership, we've tailored a
solution for the broader portable consumer electronics
market that leverages the compelling multimedia
capabilities of the OMAP 2 platform, including features
like low power consumption, rich multimedia, 3D graphics
acceleration and system integration."
The OMAP2420 processor is built on TI's OMAP 2
"All-in-One" mobile entertainment architecture,
which provides the foundation for mobile device
manufacturers to merge today's most compelling high-end
consumer electronics in smartphones and other converged
portable multimedia devices. These processors enable
high-quality digital TV, Hi-Fi music with 3D effects,
DVD-quality video, high-end gaming functionality, digital
cameras up to 6 megapixels, analog and digital broadcast
reception, high-speed wireless connectivity, greater than
VGA resolution color LCD displays and more.
In addition to delivering the most advanced multimedia
features, the OMAP2420 processor provides enhanced power
and performance management through TI's SmartReflex(TM)
solutions. TI's SmartReflex power and performance
management technologies incorporate a broad range of
intelligent and adaptive hardware and software technologies
that dynamically control voltage, frequency and power based
on device activity, modes of operation and process and
temperature variation. These features save additional power
without compromising end performance to run complex
multimedia applications.
"High-performance and power-efficient processing
are critical to consumer electronics innovation," said
Jonas Hasselberg, Group Product Manager, Mobile and Embedded
Devices Division, Microsoft Corp. "The integration of
TI's OMAP2420 processor in the Windows CE 6 platform will
give our thousands of device maker partners worldwide a
powerful processing choice for next-generation portable
consumer electronics."
TI's OMAP2420 stand-alone application processor is the
first device in the marketplace to leverage the ARM11
micro-architecture and is TI's second generation of OMAP
processors to use 90-nanometer technology. The OMAP2420
chip includes an ARM1136JS-F core, a TI programmable audio
DSP, a TI imaging and video accelerator (IVA), a 2D/3D
graphics accelerator offering up to 2 million polygons per
second, integrated camera interface, M-Shield(TM)
hardware-based security solution and more. The OMAP2420
processor is powering handsets on the market today.
Texas Instruments -- Making Wireless
TI is the leading manufacturer of wireless
semiconductors, delivering the heart of today's wireless
technology and building solutions for tomorrow. TI
provides a breadth of silicon and software and 15 years of
wireless systems expertise that spans handsets and base
stations for all communications standards, wireless LAN,
Bluetooth, A-GPS, mobile TV and Ultra Wideband. TI offers
custom to turn-key solutions, including complete chipsets
and reference designs, OMAP(TM) application processors, as
well as core digital signal processor and analog
technologies built on advanced semiconductor processes.
Please visit http://www.ti.com/wirelesspressroom for
additional information.
About Texas Instruments
Texas Instruments Incorporated provides innovative DSP
and analog technologies to meet our customers' real world
signal processing requirements. In addition to
Semiconductor, the company includes the Educational &
Productivity Solutions business. TI is headquartered in
Dallas, Texas, and has manufacturing, design or sales
operations in more than 25 countries.
Texas Instruments is traded on the New York Stock
Exchange under the symbol TXN. More information is located
on the World Wide Web at http://www.ti.com .
Trademarks
OMAP, SmartReflex and M-Shield are trademarks of Texas
Instruments. All registered trademarks and other
trademarks belong to their respective owners.
For more information, please contact:
Patty Arellano
Texas Instruments
Tel: +1-972-571-0037
Email: parellano@ti.com
Michelle Rudolph
Golin/Harris
Tel: +1-972-341-2543
Email: mrudolph@golinharris.com
SOURCE Texas Instruments Incorporated
2007'02.01.Thu
European Capital Invests EUR 12 Million in Cegelec, Leading International Engineering Group
May 16, 2006
PARIS, May 15 /Xinhua-PRNewswire/ -- European Capital,
S.A. SICAR announced today it has invested EUR 12 million
($15 million) in the EUR 120 million mezzanine facility of
Cegelec, a leading international engineering group
providing electrical contracting services for industrial,
infrastructure and non-residential building projects.
Senior and mezzanine facilities were arranged by The Royal
Bank of Scotland plc. and Calyon Corporate and Investment
Bank in support of LBO France's EUR 1.08 billion
acquisition of Cegelec.
"We are delighted to partner with LBO France, a
highly regarded European private equity firm, and support
their acquisition of Cegelec. European Capital opened its
Paris office one year ago and our quickly growing
reputation in the European middle market has allowed us to
participate in attractive investment opportunities with
premier European equity partners and expand our investments
into a variety of industry sectors," said Ira Wagner,
President of European Capital Financial Services Limited,
("European Capital Services"), the sub-investment
manager of European Capital. "Cegelec's excellent
diversification of revenues by end-markets, geography and
customers, and recurring revenues and stable cash flows,
make it a great addition to European Capital's expanding
and diversified portfolio of investments."
European Capital has invested EUR 498 million ($644
million) in 21 companies since its formation in August of
2005. For more information about European Capital's
portfolio, go to
http://www.europeancapital.com/our_portfolio/our_portfolio.cfm
.
"We are looking forward to supporting the growth
of Cegelec, an international leader in technical electrical
contracting, backed by a committed and proven management
team," said Jean Eichenlaub, European Capital Managing
Director. "Cegelec's leading market position is a
result of its strong reputation, expertise in niche
markets, expertise in large, highly technical industrial
and infrastructure projects, and widespread network, which
enables it to be close to its clients' sites. These
attributes will serve the Company well in its future growth
plans."
Founded in 1913, Cegelec provides technical contracting
services, including electrical contracting, which covers
automation, instrumentation and control, electrical and
telecom installation and maintenance, and heating
ventilation and air-conditioning services. Cegelec
operates in 30 countries and holds strong market shares in
France, Germany, Benelux and Morocco. Cegelec has world
headquarters in Brussels and approximately 24,000 full time
employees.
ABOUT EUROPEAN CAPITAL
European Capital is a buyout and mezzanine fund with
capital resources of EUR 1.1 billion ($1.3 billion).
European Capital invests in and sponsors management and
employee buyouts, invests in private equity buyouts and
provides capital directly to private and mid-sized public
companies. European Capital invests from EUR 5 million to
EUR 125 million per transaction in equity, mezzanine debt
and senior debt to fund growth, acquisitions and
recapitalizations.
Companies interested in learning more about European
Capital's flexible financing should contact Jean Eichenlaub
at + 33 (0)1 40 68 06 66 in Paris, or Nathalie Faure
Beaulieu or Simon Henderson at + 44 (0)20 7539 7000 in
London, or visit the website at
http://www.EuropeanCapital.com .
ABOUT AMERICAN CAPITAL
American Capital Strategies Ltd. (Nasdaq: ACAS), an
affiliate of European Capital, is a publicly traded buyout
and mezzanine fund with capital resources of approximately
$7.7 billion. American Capital invests in and sponsors
management and employee buyouts, invests in private equity
buyouts, provides capital directly to early stage and
mature private and small public companies and through its
asset management business is a manager of debt and equity
investments in private companies. American Capital
provides senior debt, mezzanine debt and equity to fund
growth, acquisitions, recapitalizations and
securitizations. American Capital invests up to $300
million per company.
ABOUT LBO FRANCE
Established in 1985, Paris headquartered LBO France is
an independent private equity firm. Since its inception,
the private equity firm has invested in more than 60
companies for a total cumulative enterprise value of EUR 10
billion. LBO France has over EUR 1.5 billion under
management. LBO France has completed some of the largest
buyouts in France including Actaris, a leading manufacturer
and designer of water, power and gas metering systems,
Nexity, a property development firm, and Terreal, a
manufacturer of clay tiles and bricks. European Capital's
London office supported LBO France's November 2005
acquisition of Terreal.
This press release contains forward-looking statements.
The statements regarding expected results of American
Capital Strategies are subject to various factors and
uncertainties, including the uncertainties associated with
the timing of transaction closings, changes in interest
rates, availability of transactions, changes in regional,
national or international economic conditions, or changes
in the conditions of the industries in which American
Capital has made investments.
For more information, please contact:
Jean Eichenlaub,
Managing Director,
European Capital Services
Tel: +33-1-40-68-06-66
Brian Maney,
Director, Corporate Communications,
European Capital Services
Tel: +1-301-951-6122
SOURCE European Capital
2007'02.01.Thu
Tvia's LCD & Plasma TV Reference Designs, Powered by the TrueView(TM) 5600 Digital Display Processor, Are Now Shipping in 4 Major LCD and Plasma TV Manufacturers' Models
May 16, 2006
Tvia's renowned turnkey LCD-TV & Plasma TV Reference
Designs, based on Tvia's TrueView(TM) 5600 digital TV
display processor, are now shipping by four major TV OEM
manufacturers for global distribution. LCD Bank, Suzhou
Industrial Park Centronic Electronic Co., Ltd./QiuTong
Electronics Technology, TOBO Digital Electronics, and
TaiBao Technology have chosen Tvia exclusively for all of
their Flat Panel Display TV products. The Tvia powered TV
models shipping are 32" and 42" models for
distribution in EU, China, South America and the USA.
SANTA CLARA, Calif., May 16 /Xinhua-PRNewswire/ --
Tvia, Inc. (Nasdaq: TVIA), a leading provider of digital
display processors for advanced flat-panel TVs, broadcast
digital DVRs, consumer display and monitor products, today
announces that four new manufacturers are now shipping
Tvia's LCD-TV and Plasma (PDP) system designs with the
TrueView 5600 chipset for LCD and PDP (Plasma) TV models.
Tvia's TrueView line of digital display processors is used
by the world's leading broadcast and consumer electronics
companies. These four manufacturers are some of the
leading developers and manufacturers of advanced flat panel
displays in China for major global markets, including EU,
China, South America and the USA.
(Logo:
http://www.newscom.com/cgi-bin/prnh/20050419/SFTU130LOGO )
All four manufactures have chosen Tvia's LCD and Plasma
TV reference designs with TrueView 5600 for their new
32" LCD-TV or 42" Plasma TV which are
manufactured under contract for major brand names in the
consumer TV markets. Each manufacturer needed to provide
complete TVs that could be produced quickly in order to win
the contracts with named TV brands. Tvia guaranteed that by
using their turnkey Tvia LCD and Plasma TV reference
designs, with the TrueView 5600 digital display chip, all
four manufactures could get to mass production within 45
days or less.
Suzhou Industrial Park Centronic Electronic Co.,
Ltd./QuiTong Electronics Technology is shipping 32" EU
version LCD-TV based on Tvia's EU LCD-TV system design. LCD
Bank is using Tvia products exclusively for all of their
32" LCD-TVs which are shipped globally. TOBO Digital
Electronics and TaiBao Technology are both shipping
42" Plasma TVs worldwide, based on Tvia's Plasma TV
turnkey reference Design with the TrueView 5600 chipset.
"Tvia continues to build their customer base with
more manufacturers and major TV brands. Manufacturers turn
to Tvia everyday for Tvia's turnkey TV system designs and
custom TV design services. Tvia is providing them with the
shortest time-to-market, highest possible visual quality,
and support for global TV markets and standards, all at the
lowest possible bill of material cost in the TV industry
today," said Eli Porat, CEO, Tvia Inc. "We
continue to focus on being the industry leader in TV System
Designs combined with our TrueView line of digital display
processors, providing the best full featured TV solutions
for the global market today and more advanced digital HDTV
systems for tomorrow," said Mr. Porat.
About Tvia: Tvia, Inc. is a fabless semiconductor
company which designs and develops an extensive line of
flexible, high-quality digital display processors for
digital LCD, PDP, HD, SD, and progressive-scan TVs, as well
as other broadcast and consumer display products. Tvia owns
and operates the world's leading independent TV design
center providing manufacturers with proven TV system
designs, allowing manufacturers to produce and manufacture
the highest quality flat-panel television at a
significantly lower cost with the shortest time to market.
The combination of Tvia's TrueView display processors and
leading TV system designs gives Tvia's manufacturing
customers the advantage for building the most
cost-effective, highest quality display solutions on the
market. More information about Tvia is available at
http://www.tvia.com .
About Foshan TOBO Digital Electronics Co., Ltd: TOBO
Digital Electronics Co., Ltd. founded in early 1970, is
one of the most award winning manufacturers of electronic,
digital video & multimedia products companies in China
winning over 10 national awards for product excellence
including the 3 top awards for excellence in Home Theatre
AV products. TOBO Digital Electronics specializes in the
research, development, manufacturing and distribution of
electronic, broadcast and consumer products specializing in
TV, communication equipment, audio equipment and multi-media
digital equipment. TOBO's OEM TV clients include JVC,
Toshiba, Thomson, and Mitsubishi. TOBO provides complete
OEM services for TV manufacturing for CTV, Plasma (PDP) and
LCD-TVs. TOBO produces TVs for various CE brands as well as
their own brand with widespread distribution worldwide as
well as domestically. For more information about TOBO
Digital Electronics please visit: http://www.tobodg.com .
About Suzhou Industrial Park Centronic Electronic Co.,
Ltd./QiuTong Electronics Technology: SIP Centronic
Electronic Co., Ltd. located in Suzhou Industrial Park,
China, has been designing and manufacturing electronic
products for over 30 years. SIP Centronic specializes in
manufacturing of TVs and TV related products. SIP Centronic
develops and manufactures complete lines of CRT, Projection
TV, LCD-TVs and Multifunction TV monitors. Since 1999 SIP
Centronic has been working with Philips to produce a full
line of TV products including large format projection TVs.
SIP Centronic has been producing TVs for famous domestic
brands and in recent years has been an OEM/ODM manufacturer
for major international brands for distribution in the USA
and worldwide. For more information about SIP Centronic
visit http://www.szhcdz.com .
About LCD Bank: LCD BANK is a global electronics
company based in Korea and China. LCD Bank specializes in
the design and manufacturing of LCD-TVs. LCD Bank provides
excellent LCD-TV designs and technology which has allowed
them to gain market share on an international basis. LCD
Bank's primary goal is to become one of the top LCD-TV
manufacturers in the world based on leading edge
technology, visual quality excellence, superior user
features, and a very aggressive pricing structure. LCD
Bank's excellent quality and dedication to providing
world-class service and support has allowed them to grow
significantly with an extensive and growing base of
worldwide customers. LCD Bank will focus their efforts on
becoming one of the premier manufacturers of LCD-TVs in
Korea and China. LCD Bank's current primary markets and
distribution channel include China, Korea, as well as the
US and expanding into Japan in the near future. For more
information about LCD Bank visit: http://www.LCDBank.tv .
About TaiBao Technology: TaiBao Technology located in
GuangZhou China, was founded in 2004 and is one of the
fastest growing OEM/ODM PDP and LCD-TV manufacturer
specializing in the design and contract manufacturing of
TVs specifically focused on international brands for
foreign markets.
For more information, please contact:
Diane Bjorkstrom,
Chief Financial Officer of Tvia, Inc.,
Tel: +1-408-982-8593
Email: dbjorkstrom@tvia.com
SOURCE Tvia, Inc.
2007'02.01.Thu
Xinhua China Reports Third Quarter Results
May 16, 2006
- Achieves positive cash flow from operations for the
nine months
- Announces new subsidiary for on-line digital
content
- Plans to begin co-publishing venture
BEIJING, May 16 /Xinhua-PRNewswire/ -- Xinhua China
Ltd. today announced results for its third fiscal quarter
and nine months ended March 31, 2006 and noted it had
positive cash flow from operations for the nine months of
$811,714. The company reported there are no comparative
results for the year ago periods as the company's majority
owned operating subsidiary, Xinhua Publications Circulation
& Distribution Co., began operations February 1, 2005.
Revenues for the quarter totaled $7,781,000 and
$32,997,000 for the nine months. Gross profit in the
quarter amounted to $917,000 and $3,628,000 for the three
quarters. While the company's share of net losses for the
quarter was $4,339,000, or seven cents a share, a
significant portion of its third quarter losses are due to
non cash expenses such as stock based compensation charge
of $941,213, non cash accounting treatment of convertible
debenture of $1,049,727 and bad debt expense of $1,576,512.
For the nine months, its share of net losses was
$8,200,000, or 13 cents a share. Earnings per share are
calculated on 61,779,765 weighted average diluted shares
outstanding, for the three and nine months. The company
said this was a seasonally slow quarter.
Xianping Wang, President and CEO, said, "We
continue efforts to increase revenue, reduce expenses, and
bring Xinhua C & D above breakeven. As we have
reported previously, this endeavor is taking longer than
originally envisioned. As a result, we are executing on
our strategy to launch a digital media company," Mr.
Wang added. "With China rapidly becoming the most
wired country in the world, we are positioning ourselves to
take advantage of the trend for online content, particularly
foreign content. Internet usage in China by middle class
consumers is growing at an annualized rate of 60 percent.
There's no question China represents a great business
opportunity for online content and service providers,"
Wang stated.
On May 9, 2006, the Company formed a wholly owned
digital media subsidiary, Beijing Joannes Information
Technology Co. Ltd. ("Joannes"). Joannes will
launch an e-commerce site -branded "Geezip" and
will be searchable by PC and wirelessly using smart phones.
Geezip will distribute digital content held by Xinhua
C&D, other Chinese and foreign publishers such as
Readers Digest. In addition to being able to purchase
e-books and hard copy books online e-audio and e-music will
also be offered, according to the company.
"Xinhua also expect to establish a co-publishing
company to focus on co-publishing agreements with some
domestic publishers. Operating independently of Xinhua
C&D, the co-publishing company expects to enter
directly into co-publishing agreements, with marketing and
sales provided by Geezip and Xinhua C&D providing
procurement services," Wang concluded.
About Xinhua China
Xinhua China Ltd. (OTC Bulletin Board: XHUA) is a
US-based holding company with publishing and distribution
interests in China. Through its subsidiary, Xinhua
Publications Circulation & Distribution Co., Ltd., the
Company holds a national license for the distribution of
books and other publications in China.
Safe Harbor Statement
This news release may include forward-looking
statements within the meaning of section 27a of the UNITED
STATES SECURITIES ACT of 1933, as amended, and section 21e
of the UNITED STATES SECURITIES and EXCHANGE ACT of 1934,
as amended, with respect to achieving corporate objectives,
developing additional project interests, Xinhua China's
analysis of opportunities in the acquisition and
development of various project interests and certain other
matters. These statements are made under the "safe
harbor" provisions of the United States private
securities litigation reform act of 1995 and involve risks
and uncertainties, which could cause actual results to
differ materially from those in the forward-looking
statements contained herein.
Xinhua China Ltd.
(formerly Camden Mines Limited)
CONSOLIDATED BALANCE SHEETS
[Basis of presentation and going concern uncertainty]
(Expressed in U.S. dollars)
(Unaudited)
Mar. 31,
2006 Jun. 30, 2005
Assets
Current Assets
Cash $
2,840,377 $ 1,336,269
Restricted Cash
- 362,516
Account Receivable, including related
party receivables of $3,739,283
(June 30, 2005 - $5,926,629)
40,406,161 39,166,242
VAT receivable
3,930,417 5,964,445
Inventories
18,613,396 17,445,410
Prepayments
63,737 126,917
Total Current Assets
65,854,088 64,401,799
Property, plant and equipment
26,973,968 26,000,804
National distribution right
6,366,844 6,167,000
Goodwill
6,373,978 6,173,992
Total Assets
$105,568,878 $102,743,595
Liabilities and Shareholder Equity
Current Liabilities
Account payable and accrued liabilities $
82,258,756 $ 76,231,392
Due to related parties
19,784,018 1,819,965
Total Current Liabilities
102,042,774 78,051,357
Convertible debenture,
net of discount of $2,100,823
1,149,177 -
Warrants and conversion feature
3,070,062 -
Loans from related parties
- 19,514,229
Total Liabilities
106,262,013 97,565,586
Non-controlling interest
4,247,216 4,973,683
Shareholders' Equity (Deficiency) Commitments
Common stock, $0.00001 par value, authorized
500,000,000, outstanding 61,779,765
618 618
Additional paid-in capital
8,900,141 5,855,525
Accumulated other comprehensive Income
10,984 53
Accumulated deficit
(13,852,094) (5,651,870)
Total Shareholders' Equity (Deficiency)
(4,940,351) 204,326
Total Liabilities and Shareholders' Equity
$105,568,878 102,743,595
Xinhua China Ltd.
(formerly Camden Mines Limited)
CONSOLIDATED STATEMENT OF OPERATIONS
(Expressed in U.S. dollars)
(Unaudited)
3 months 9
months 12 months
Ended Ended
Ended
Mar. 31, 2006 Mar. 31,
2006 June 30, 2005
Revenue
Sales revenue $ 7,780,796
$32,996,625 $15,496,537
Cost of sales 6,863,891
29,368,713 13,584,466
Gross profit 916,905
3,627,912 1,912,071
Expenses
Selling, general and
administrative 5,124,987
11,400,995 7,745,987
Operating loss before interest,
other income (expense) and
income tax (4,208,082)
(7,773,083) (5,833,916)
Interest and other income 38,966
291,241 66,430
Interest expense (1,419,077)
(2,204,544) (520,875)
Income tax -
- -
Loss before non-controlling
interest (5,588,193)
(9,686,386) (6,288,361)
Non-controlling interests share
of loss 1,229,568
1,486,162 636,491
Net loss for the period $(4,358,625)
$(8,200,224) $(5,651,870)
Loss per share - basic and
diluted $ (0.07) $
(0.13) $ (0.10)
Weighted average number of
shares outstanding
- Basic and diluted 61,779,765
61,779,765 55,733,786
At Xinhua China Ltd.:
Alex Helmel
Investor Relations
Tel: +1-604-681-3864 or +1-800-884-3864
Email: info@xinhuachina.com.cn
At The Investor Relations Company:
Woody Wallace or Michael Arneth
Tel: +1-312-245-2700
SOURCE Xinhua China Ltd.
2007'02.01.Thu
Another Milestone for Netcentrex: Residential Deployments Exceed 3 Million VoIP Lines
May 15, 2006
Netcentrex, Worldwide Market Leader for VoIP Application Servers, Remains Number 1 in Class 5 Residential VoIP Deployments
PARIS, May 15 /Xinhua-PRNewswire/ -- Netcentrex, the
leading enabler of next generation converged voice and
video solutions, today announced that its residential
deployments have exceeded 3 million Class 5 voice over IP
(VoIP) lines in commercial service. Declared worldwide
market leader for VoIP Application Servers by iLocus last
month, Netcentrex continues to leverage strong worldwide
growth in residential voice over broadband (VoBB)
connectivity and triple play service bundles. Netcentrex
customers are currently activating over 5,000 lines per
day.
Netcentrex solutions are used in some of the largest
residential IP service deployments worldwide. As an
example, Italian Triple Play service provider, Fastweb,
handles up to 10 million VoIP calls per day using
Netcentrex solutions.
Netcentrex is the only softswitch/application server
with demonstrated five nines reliability over an extended
time. This is based on reports from key customers with
extensive commercial VoIP deployments that include 99.997
reliability and no unplanned outage on Netcentrex platforms
in 5 years.
Netcentrex outstanding track record is reported and
commended regularly by industry players and analysts:
Industry research firm, iLocus, reported Netcentrex as
delivering 29% of VoIP local call volume minutes for
standards-based Voice over Broadband (VoBB) platforms in
2005 in its "Global VoIP Market 2006" study,
making the company the leader in this market. Netcentrex
was also named as the leading Independent Subscriber
Feature Server worldwide, with 32% market share, in the
same report.
Netcentrex was recently ranked number 2 supplier of
Multi-media Application Servers by Current Analysis, based
on a qualitative/quantitative analysis of scalability,
market leadership, reference accounts, applications and
IMS.
Frost & Sullivan declared Netcentrex the leading
VoIP Application Server supplier with 27% market share of
the Class 5 application server market in 2005.
MyCall(R) Video Telephony received Internet Technology
Magazine's "Product of the Year Award" for 2005
and the company was also named to the 2005 "Pulver
100".
"Residential IP communications and more
particularly, triple play, are a driving force behind many
of today's service provider strategies and
deployments," said Olivier Hersent, Chairman of
Netcentrex. "Service providers are looking to deploy
compelling and cost-effective voice-video-data service
bundles as part of a long term strategy to reduce customer
churn, improve ARPU and reduce operational costs. Defining
a realistic and profitable long-term business case is not
simple. It requires knowledge of the markets, an
understanding of the technologies and deployment of
solutions capable of delivering high quality services now
with the capacity to migrate to full IMS, FMC and Quad Play
services as the markets evolve."
About Netcentrex(TM) ( http://www.Netcentrex.net )
Netcentrex develops IP-based voice and video solutions
that enable communication service providers to deliver
wireline and converged fixed-mobile services for both the
consumer and enterprise markets.
Netcentrex has 3 million VoIP lines in commercial
service and has been recognized as the worldwide leader for
Class 5 application servers.
For more information, please contact:
Netcentrex EMEA
Madeleine Jeavons
Tel: +33-1-5871-3333
Email: pr@netcentrex.net
Web: http://www.netcentrex.net
Netcentrex US / Latin America
Brian Mahony
Tel: +1-508-479-7254
Email: pr@netcentrex.net
Web: http://www.netcentrex.net
SOURCE Netcentrex
2007'02.01.Thu
Breakthrough in Sports Viewing -- Follow Race on Your iPod
May 15, 2006
Free Video Updates Now on iTunes from Virtual Spectator
NEW YORK, May 15 /Xinhua-PRNewswire/ -- For the first time, sailing fans have their sport in the palm of their hands. In a dramatic breakthrough in sports viewing, Virtual Spectator announces free Video iPod podcast downloads on iTunes ( http://www.itunes.com ). "VS Report with Gary Jobson" gives Volvo Ocean Race viewers a first hand, in-depth look at the around-the-world race with comprehensive expert commentary by America's Cup-winning sailor and Emmy-winning journalist Gary Jobson, video footage from aboard the racing Volvo 70s and cutting-edge graphic animation from Virtual Spectator's 3D VS Raceviewer. "This caliber of coverage is an exciting improvement for fans, particularly in sailing where video coverage tends to be light," said Douglas L. King, visionary CEO and Chairman of Virtual Spectator. "We're pushing the envelope in sports entertainment by bringing global sailing fans innovative programming through the Internet and now though the iPod." Virtual Spectator recently launched the website http://www.vssailing.com where sailing fans can download the 3D VS Raceviewer, allowing users to experience the race in 3D, watch "VS Report with Gary Jobson" streaming from the Internet, and download the updated and archived VS Reports to their iPod from iTunes. Virtual Spectator is quickly changing how sports can adapt to provide content to a global base of fans around the world. With the advent of mobile entertainment such as the iPod, users can download podcasts like the "VS Report with Gary Jobson," and enjoy quality sports programming from virtually any location. World-class sailor turned award-winning broadcaster Gary Jobson said, "What Virtual Spectator has done with the Volvo Ocean Race is a model for our sport as a spectator event. In our mobile society, to take a race of this size and magnitude and offer unique video highlights to keep fans around the world entertained and updated through their iPods is an incredible opportunity no sporting event should ignore." Curtis Worthy of Virtual Spectator stated, "Gary Jobson is a legend in sailing. His expertise and insight provides depth and excitement to the race that'll have fans using their iPods for sailing as well as music." Sailing is now added to the VS family of sports available as a podcast on iTunes. Last month, Virtual Spectator released "VS Reports: Squash" with the "Voice of Squash" Robert Edwards for the Virtual Spectator Bermuda Masters. Virtual Spectator(TM)'s ( http://www.virtualspectator.com ) award-winning animation and graphics products have also been chosen for the PGA Tour, Wimbledon, World Rally Championship, Formula 1, America's Cup, ECB, Cricket Australia, The King Edward VII Gold Cup, and the Olympic Games. Virtual Spectator(TM) is a member of the Investors Guaranty Global Alliance. For more information, please contact: Fred Winters of George Arzt Communications Inc. Tel: +1-212-608-0333 Curtis Worthy of Image Action, Ltd. Tel: +1-411-296-4483 x1021 SOURCE Virtual Spectator
2007'02.01.Thu
MEDIA ADVISORY: Book Launch/Press Conference
May 15, 2006
SARS: The Inside Story From WHO and the Lessons Learned for the Battle Against Avian Influenza
What single event in southern China was the likely
start of the SARS epidemic? What was the strange
combination of events on the ninth floor of a Hong Kong
hotel that sent the virus on its deadly journey around the
world? And why is one ill-fated flight from Hong Kong to
Beijing still remembered with fear?
For the first time, these and other questions are
answered in a book that delivers the full inside story of
those dramatic days in 2003 when it seemed severe acute
respiratory system would bring Hong Kong and the world to
their knees.
"SARS: How a global epidemic was stopped"
contains information never before brought together in one
publication. Published by the Western Pacific Regional
Office of the World Health Organization and written mainly
by the experts and scientists who were in the thick of the
battle, the 300-page book contains exclusive details of
what happened in the incidents in Hong Kong and elsewhere
that made SARS such a frightening phenomenon.
The global launch of "SARS: How a global epidemic
was stopped" will take place at a news conference at
the Foreign Correspondents' Club on May 18, 2006. The
press conference will be attended by the WHO official who
directed the battle against SARS in the region, Dr Shigeru
Omi, Regional Director for the Western Pacific.
Dr Omi will examine the lessons learned from SARS and
ask if Hong Kong and the world are now better prepared to
face the threat from avian influenza or the next emerging
disease.
Complimentary copies of the book will be available at
the venue while stocks last.
Place: The Verandah, FCC, 2 Lower Albert Rd, Central
Date: 18 May 2006
Time 10am.
More information can be found at
http://www.wpro.who.int/publications/PUB_9290612134.htm .
Downloadable illustrations from the book are at
http://www.wpro.who.int/media_centre/sars_book .
For further information, please contact:
Peter Cordingley
Spokesman for the Western Pacific Region,
World Health Organization
Tel: +63-917-844-3688
Email: cordingleyp@wpro.who.int.
SOURCE World Health Organization
2007'02.01.Thu
Die & Mould China 2006 Closes Successfully
May 15, 2006
SHANGHAI, China, May 15 /Xinhua-PRNewswire/ -- Shanghai
International Exhibition Co., Ltd. announced today that the
International Exhibition on Die & Mould Technology and
Equipment (Die & Mould China 2006), which is the
World's No. 2, and Asia's No. 1 die and mould exhibition,
closed successfully in Shanghai New international Expo
Center (SNIEC) on May 12. More than 1,200 exhibitors from
16 countries and regions showcased their latest equipment
and products in a space covering an area of 60,000 square
meters.
Die & Mould China 2006 is a gala for the Chinese
Die & Mould industry, attracting attention and
participation from its peers from both home and abroad.
The event also received warm responses from many
prestigious manufacturers of other metal cutting equipment
and precision electric processing equipment, cutting tools,
materials and software, from all parts of the world.
Domestic manufacturers presented more Die & Mould
products in more varieties and with higher levels,
signaling that the Chinese Die & Mould industry has
risen to a new high.
Zhu Sendi, Executive Vice Chairman of the China
Machinery Industry Federation; Huang Guancong, Vice
Chairman of the Shanghai Committee of CPPCC; Gu Jiaqi,
Senior Vice Chairman of the CFIE; Liu Zhi, Director of the
Department of Industry Policy Under the State Development
and Reform Commission (SDRC); and Lin Yulong, Vice-Director
of SDRC Bureau of Economic Operations all participated in
the ribbon cutting for the opening ceremony. The Korean
Trade Promotion Agency, ICE, the Japanese External Trade
Organization, AMT, TAGMA, Die & Mould associations of
Singapore, Taiwan, Hong Kong and other overseas
organizations sent representatives to the opening ceremony.
Other participants included leaders from the Ministry of
Commerce, Ministry of Information Industry, China
Electronics Corp., China South Industries Group Corp.,
China North Industries Group Corp. and heads of local Die
& Mould associations, Shanghai World Expo (Group) Co.,
Ltd. and Council for the Promotion of International Trade
Shanghai.
Die & Mould China 2006 also organized "Day of
Auto Die & Mould," which saw Auto Die & Mould
manufacturing technology seminars and Sino-German Die &
Mould Forums being held. Over 50 business professionals
from VDMA of the German Machinery Federation and German
Chamber of Commerce, together with some 80 enterprises
organized by China Die & Mould Industry Association
participated in the 2006 Sino-German Die & Mould Forum.
As commented by Ruan Xueyu, academician of the Chinese
Academy of Engineering, the Forum represented the highest
level.
Despite May being Shanghai's rainy season, audiences
attended the exhibition with great enthusiasm. 118,723
people visited the five-day exhibition from 28 provinces,
autonomous regions and municipalities directly under the
Central Government, as well as 45 countries and regions,
including 4,523 people from overseas. In the exhibition,
there were some 600 sets of large and middle digital
control processing and measurement equipment of various
kinds and approximately 2,000 sets of diversified die &
mould products. The value of the exhibited products
amounted to RMB300 million. 58% of exhibits were purchased
on site with a total value of RMB175 million. Future deals
were expected to reach RMB535 million, meaning total deals
reached RMB710 million, a growth of 24.6% year on year.
In the exhibition organizers invited 16 experts to
assess the technological level of the exhibited dies and
moulds and die & mould standard components. 76 sets of
dies and moulds and die & mould standard components were
granted the title of "Elite Dies and Moulds First
Prize," with 113 sets awarded "Elite Dies and
Moulds Second Prize." Assessment was also made on the
applicants of expellant die & mould equipment and device
suppliers, expellant die & mould design and
manufacturing software providers and expellant die &
mould materials suppliers.
About Shanghai International Exhibition Co., Ltd.
(SIEC)
Shanghai International Exhibition Co., Ltd. (SIEC) is
jointly invested by Shanghai World Expo (Group) Co., Ltd.
and the Council for the Promotion of International Trade,
Shanghai. The SIEC was founded on July 1st, 1984 with the
approval of the Ministry of Foreign Trade & Economic
Cooperation and the People's Government of Shanghai
Municipality.
The SIEC is a full member of Union des Foires
Internationales (UFI). The SIEC has held 500 international
exhibitions of various themes and sizes. It also has
successfully held a number of solo exhibitions at national
level.
"AUTO SHANGHAI," "SHANGHAITEX,"
"CHINA CYCLE," "FASHION SHANGHAI,"
"ELE/PT COMM CHINA" are among the first eight
exhibitions approved excellent by THE EVALUATION COMMITTEE
OF SHANGHAI CONVENTIONAL & EXHIBITION INDUSTRIES.
For more information, please contact:
Cheng Laiping, Executive Show Director
Add: 8/F, OOCL Plaza, 841 Yan An Zhong Road,
Shanghai 200040, China
Tel: +86-21-6279-2828
Fax: +86-21-6545-5124
Email: info@siec-ccpit.com
Web: http://www.siec-ccpit.com
SOURCE Shanghai International Exhibition Co., Ltd.
2007'02.01.Thu
Sonus Networks Chosen by Tradingcom Europe for Voice Over WiFi Network Deployment
May 15, 2006
Sonus Signs First France-Based Service Provider
CHELMSFORD, Mass., May 15 /Xinhua-PRNewswire/ -- Sonus
Networks, Inc. (Nasdaq: SONS), a leading supplier of
service provider Voice over IP (VoIP) infrastructure
solutions, announced today that Tradingcom Europe Group,
Europe's leading telecommunications capacities trader, has
selected a suite of IP Multimedia Subsystem (IMS)-ready
architecture solutions from Sonus as the foundation for
Tradingcom's complete, end-to-end IP-based voice network.
Tradingcom Europe, which primarily trades wholesale
telecommunications capacity with leading incumbent and
alternative carriers around the world, has deployed a
Sonus-based next generation network to improve operating
leverage from its wholesale business, as well as to broaden
its market reach by delivering a new Voice over WiFi
(VoWiFi) service.
Headquartered in Paris, France, Tradingcom Europe has
deployed the GSX9000(TM) Open Services Switch, the PSX(TM)
Call Routing Server, and the ASX(TM) Access Server. In
addition, Tradingcom Europe is leveraging the Sonus Network
Border Switch(TM) (NBS) to connect directly and securely via
IP to other IP-based voice networks around the world. Sonus'
NBS provides direct IP-to-IP peering functionality in a
streamlined and cost-efficient manner, helping to improve
Tradingcom Europe's fundamental operating performance.
"With IP technologies becoming more and more
pervasive in the voice world, building out our IP-based
voice network is a critical ingredient in our overall
growth strategy," said Arnaud Beauregard, Chairman and
CEO of Tradingcom Europe. "We selected Sonus as our
preferred partner because of their demonstrated history of
being able to rapidly deploy some of the world's most
successful IP-based voice networks, their ability to
service and support our network as we grow and scale, and
their solid vision for leveraging the potential of mobile
IMS-based networks such as fixed-mobile convergence (FMC)
applications and services."
In the first phase of the deployment, Tradingcom will
leverage its Sonus-based infrastructure to support its
long-distance wholesale business, rerouting international
calls through the IP-based voice network, thereby
streamlining the minutes exchange process in a more
cost-efficient manner. In future phases, Tradingcom's
network will support WiFi-enabled mobile phones, allowing
consumers to connect directly to the IP-based voice
network, and eventually, roam between fixed and wireless
environments through an FMC service.
Sonus, which currently has a regional sales and support
presence throughout several countries in Western Europe,
including the United Kingdom, France, Germany, and the
Czech Republic, has focused on developing its sales and
support presence throughout Europe to address the
burgeoning market opportunity. Tradingcom Europe, which is
initially deploying the Sonus-based network in Paris,
France, is the first French customer to choose Sonus as its
preferred partner for IP-based voice solutions.
"Sonus has a number of high profile deployments
throughout a number of companies in Europe, and we're
excited that with the addition of Tradingcom Europe,"
said Hassan Ahmed, chairman and CEO, Sonus Networks.
"Sonus is committed to aligning its resources against
the most promising market opportunities. In recent years,
Europe has emerged as one of the fastest growing markets
for IP-based voice, and we're encouraged that our early
efforts to build our reputation as a trusted provider of
the industry's most advanced solutions are yielding
results."
About Sonus Networks
Sonus Networks, Inc. is a leading provider of voice
over IP (VoIP) infrastructure solutions for wireline and
wireless service providers. With its comprehensive IP
Multimedia Subsystem (IMS) solution, Sonus addresses the
full range of carrier applications, including residential
and business voice services, wireless voice and multimedia,
trunking and tandem switching, carrier interconnection and
enhanced services. Sonus' voice infrastructure solutions
are deployed in service provider networks worldwide.
Founded in 1997, Sonus is headquartered in Chelmsford,
Massachusetts. Additional information on Sonus is available
at http://www.sonusnet.com .
This release may contain forward-looking statements
regarding future events that involve risks and
uncertainties. Readers are cautioned that these
forward-looking statements are only predictions and may
differ materially from actual future events or results.
Readers are referred to the "Risk Factors"
section of Sonus' Annual Report on Form 10-K, dated March
14, 2006 and Quarterly Report on Form 10-Q, dated May 8,
2006, both filed with the SEC, which identify important
risk factors that could cause actual results to differ from
those contained in the forward-looking statements. Risk
factors include among others: the impact of material
weaknesses in our disclosure controls and procedures and
our internal control over financial reporting on our
ability to report our financial results timely and
accurately; the unpredictability of our quarterly financial
results; risks associated with our international expansion
and growth; consolidation in the telecommunications
industry; and potential costs resulting from ending
securities litigation against the company. Any
forward-looking statements represent Sonus' views only as
of today and should not be relied upon as representing
Sonus' views as of any subsequent date. While Sonus may
elect to update forward-looking statements at some point,
Sonus specifically disclaims any obligation to do so.
The information in this press release is for
informational purposes only and is subject to change at
Sonus' sole discretion without notice. Sonus has no
obligation or commitment to develop or deliver any future
release, upgrade, feature, enhancement or function
described in this release. The information is provided
"AS IS," with all faults, and without any
warranties whatsoever, express or implied, including, but
not limited to, warranties of merchantability, performance,
or fitness for a particular purpose.
Sonus is a registered trademark of Sonus Networks. All
other company and product names may be trademarks of the
respective companies with which they are associated.
For more information, please contact:
Jocelyn Philbrook,
Sonus Networks, Inc.
Tel: +1-978-614-8672
Email: jphilbrook@sonusnet.com
Sarah McAuley,
Sonus Networks, Inc.
Tel: +1-212-699-1836
Email: smcauley@sonusnet.com
SOURCE Sonus Networks, Inc.
2007'02.01.Thu
Xinhua Finance Reports Continued Strong Profitable Growth All Service Lines Performing in Line With Forecasts
May 15, 2006
SHANGHAI, China, May 15 /Xinhua-PRNewswire/ -- Xinhua
Finance (TSE Mothers: 9399, OTC ADR: XHFNY), China's
unchallenged leader in financial information and media,
today reported net income of US$3.6 million for the first
quarter of 2006 under International Financial Reporting
Standards ("IFRS"), a threefold increase over
first quarter 2005 net income of US$1.0 million. Total
revenue for the three months ended March 31, 2006 was
US$37.4 million, a 68% increase over the first quarter of
2005. EBITDA grew 84% to US$5.8 million from US$3.1
million in the year ago period.
Management's successful strategy for profitable growth
continues to drive shareholder value creation. Top and
bottom line growth was again underpinned by the profitable
contributions of all four core service lines - indices,
ratings, financial news and investor relations. The
company also reported the achievement of profitability
under JGAAP, which is a financial reporting system that
accounts for certain business developments in a
fundamentally different way than IFRS; and profitability in
both IFRS and JGAAP reflects the depth of the strategic and
operational progress achieved by Xinhua Finance.
Fredy Bush, CEO of Xinhua Finance, commented,
"Building on the record financial results we reported
for the full year 2005, we are proud to announce another
strong quarter of sales and earnings growth to kick off the
2006 fiscal year. Our service lines are successfully
capitalizing on the healthy demand for our services in
China and abroad, and are focused on delivering their
business targets.
We are increasing the pace of leveraging our
proprietary financial data and information onto multiple
distribution platforms. Through this strategy, we are
generating new revenue streams and enhancing our
cross-selling and cost synergy opportunities. Our
objective is to strengthen our earnings power and the
market positions of our global operations to better profit
from China's internationalization."
CFO Gordon Lau added, "The success of Xinhua
Finance's strategy is measured across major financial
metrics. Along with strong top and bottom line growth, we
are also improving the efficiency of our operations, as
evidenced by our first quarter 2006 EBITDA margin of 15.4%,
up from 14.1% in the same period last year. With this
disciplined approach to expand our margins while driving
the top line, we reaffirm our confidence in achieving our
full year 2006 forecasts."
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.
First Quarter 2006(1) vs. First Quarter 2005(1) - unit:
million USD (at current yet rate)
Q1 2006 Q1 2005
% change
Sales 37.4 22.2
68.0 %
EBITDA 5.8 3.1
83.6 %
Net Income(2) 3.6 1.0
272.8 %
Full Year 2006 forecasts - unit: million USD (at estimated
exchange rate of USD1 = £¤105)
For 6 months
For the year
Revenue 74.7
166.0
EBITDA 11.5
25.6
Net Income 6.4
13.8
First Quarter 2006 results (Japan GAAP(3)) - unit: million
USD
Q1 2006 Q1 2005
% change
Revenue 37.4 22.2
68.0 %
EBITDA 5.6 3.1
82.1 %
Net Income(2) 0.9 -0.8
N/A
1. For three months period-to-date ended March 31, 2006
results and three months ended March 31, 2005 results at
current Japanese yen exchange rate, the amounts in Japanese
yen are calculated by the foreign currency exchange rate
(middle rate), being US$1.00=£¤117.47, from the Tokyo
Foreign Exchange Market as of March 31, 2006.
2. Net income for three months period-to-date ended
March 31, 2006 includes a one-time gain of US$0.6mn from
the sale of a minority stake in a subsidiary to a strategic
investor.
3. The main reason for the discrepancy between IFRS and
Japan GAAP is that Japanese accounting standards take a
different approach to accounting for goodwill from
acquisitions.
(Notes)
A. We define EBITDA in relation to our IFRS financial
statements as profit (loss) before interest, tax,
depreciation and amortization.
B. Forecasts for fiscal 2006 are management estimates
only; figures have not been audited or reviewed.
C. Performance estimates are determined based on
information currently available. Due to unforeseen
factors, actual performance may differ from estimates.
For more information, please visit
http://www.xinhuafinance.com.
For further information, please contact:
Xinhua Finance
Japan:
Mr. Sun Jiong
Tel: +81-3-3321-9500
Email: jsun@xinhuafinance.com
Hong Kong:
Ms Joy Tsang
Tel: +852-3196-3983
+852-9486-4364
+8621-6113-5999
Email: joy.tsang@xinhuafinance.com
Taylor Rafferty (IR Contact)
Japan:
Mr. James Hawrylak
Tel: +81-3-5444-2730
Email: james.hawrylak@taylor-rafferty.com
United States:
Mr. Brian Rafferty
Tel: +1-212-889-4350
Email: xinhuafinance@taylor-rafferty.com
SOURCE Xinhua Finance Limited
2007'02.01.Thu
Toodou.com receives second round of financing of US$8.5 million
May 15, 2006
SHANGHAI, China, May 15 /Xinhua-PRNewswire/ --
Toodou.com announced the completion of an US$8.5 million,
Series B financing round, co-led by Granite Global Ventures
(GGV) and JAFCO Asia (JAFCO). IDG Technology Venture, the
Series A round investor, also participated in the round.
Toodou.com is a multimedia podcasting web site that
allows average Internet users to share original audio and
video clips. Launched on April 15, 2005, Toodou.com has
rapidly developed a reputation as the leading video sharing
company in China.
"There were 5 of us when we closed the Series A
round 5 months ago. Now we have a 20-person team. We want
to use this round of financing to bring in more talented
engineers so together we can build this great company into
something even greater," said Gary Wang, Founder/CEO
of Toodou.com. "We are also excited to have Granite
and JAFCO, two firms with great track record, joining IDG
to form our investor group."
As demand for original local content becomes
increasingly strong in China, especially among young
people, Toodou will continue to provide a much-needed
outlet for innovative content creation, and excellent venue
for highly personalized entertainment.
Helen Wong of GGV and Sam Lai of JAFCO will join the
board of Toodou.com.
About Granite Global Ventures
Granite Global Ventures is an expansion-stage venture
capital firm focused with approximately $400M under
management. The firm was founded in 2000 and has offices
in USA, China and Singapore. Granite Global Ventures
brings a depth of experience in investments, cross-border
business development activities, mergers and acquisitions,
and IPO transactions. Its China investments include
Alibaba (recently combined with Yahoo!), Hurray Solutions,
and AAC Acoustics.
About JAFCO Asia
JAFCO Asia was established in 1990 and currently
manages several long-term funds with aggregate capital
under management of approximately US$850 million. It
invests in promising young technology enterprises with high
growth potential in the Asia Pacific region. JAFCO Asia
offers in-depth local knowledge and has five offices: Hong
Kong, Beijing, Taipei, Seoul and Singapore. Over the past
15 years, it has invested over US$700 million in 278
investees in the Asia Pacific region. In the last four
years, JAFCO Asia has shifted its focus entirely to
technology investments. Its China investments include 3721
(acquired by Yahoo China), China Wireless and China
Grentech.
About IDG Technology Venture
As one of the earliest American venture companies to
enter the China market, IDGVC is managing more than $500M
funds with investment focus on the Internet, information
services, software, telecommunications, networking
technology and life sciences. IDGVC has invested more than
100 companies. Among its many successes are several now
listed on the NASDAQ exchange, including Sohu, Ctrip, Baidu
and JRJ.
For more information, please contact:
Vega Chen of Toodou.com
Mobile: +86-1381-829-1212
Email: vega@toodou.com
SOURCE Toodou.com
2007'02.01.Thu
Internet Regulator Unanimously Approves Innovative .TEL Domain
May 15, 2006
LONDON, May 15 /Xinhua-PRNewswire/ -- ICANN (The
Internet Corporation for Assigned Names and Numbers)
unanimously approved the creation of the new .Tel Top Level
Domain (TLD) and awarded the contract to Telnic Limited.
"The .Tel domain offers the first genuinely
different use of domains since .com was first created. It
will provide seamless integration of existing methods of
communication with emerging technologies like Voice over IP
(VoIP). This places the .Tel domain at the core of the next
phase of Internet development," said Khashayar
Mahdavi, CEO of Telnic.
"The days of needing to remember several telephone
numbers, numerous VoIP or instant message identities and
other points of contact for our social and professional
networks are over. By leveraging innovative DNS (Domain
Name System) technology, the .Tel domain will allow anyone
to publish and control, in real time, how they can be
reached."
The .Tel domain will enable people to reach a business
from any Internet enabled device (computer or mobile)
simply by typing, for example, "Hertz.tel". The
user will then be able to connect directly to a Hertz
representative or navigate through a list of services that
Hertz may offer. Businesses can easily extend their brands
into this new space and enhance the way customer inquiries
are handled.
In addition, individuals can use the .Tel domain to
publish and update their contact information directly in
the DNS. These individuals will decide, in real time, by
what means their friends and colleagues will be able to
reach them. This could include: VoIP, conventional
telephony (fixed-line or wireless), email, SMS, Skype, AIM
and many more.
Telnic will release free applications to allow .tel
domains to be integrated with the commonly used address
books found in computer systems and mobile phones. This
innovation will offer a unique experience distinct from any
other top level domain.
About Telnic Limited
Founded in 1998, Telnic Limited is a UK-based
technology company developing and delivering cutting-edge
technology and solutions for the emerging Internet
communications industry. For more information regarding the
.Tel domain or Telnic Limited, please visit
http://www.telnic.org .
For more information, please contact:
Benjamin Blumenthal,
Director of Marketing of Telnic Limited
Tel: +44-20-7828-0000
Fax: +44-20-7828-7007
Email: info@telnic.org
SOURCE Telnic Limited
2007'02.01.Thu
Slovakia And Mexico Are World Champions
May 15, 2006
Spirited Finals in Continental AG's In-House World Football Championship Tournament
Biggest Sports Event in The History of The Company a Huge Success
Biggest Sports Event in The History of The Company a Huge Success
HANOVER, Germany, May 15 /Xinhua-PRNewswire/ --
Slovakia and Mexico are world champions! The men's team at
the Continental plant in Puchov took the title in
Continental AG's own world football championship
tournament, the ContiTeamCup. Around four weeks before the
2006 FIFA World Cup Germany(TM) gets underway, the team
emerged victorious in a match on Sunday against the team
from Portugal. The final score was 1:0. Previous to that
match, the women's teams from Mexico and Czech Republic
provided spectators thrilling finals action. The team from
Mexico carried away the title with a 4:0 victory.
"As an official partner of the 2006 FIFA World Cup
Germany(TM), we wanted to underscore our involvement in this
event also within our globally active company. We
magnificently succeeded in doing so with the ContiTeamCup.
And in the process, we not only treated ourselves to some
very exciting matches but -- much more importantly --
brought players at different plants and from different
countries together. With the team spirit exhibited in the
ContiTeamCup, our employees breathed life into the motto of
the tournament -- "Uniting Goals". Last but not
least, the ContiTeamCup got us even more revved up for the
2006 FIFA World Cup Germany(TM)," said Continental
Executive Board chairman Manfred Wennemer in handing the
trophies over to the winning teams.
In addition to the "cups", the two
championship teams also receive admission tickets to the
quarter finals of the 2006 FIFA World Cup Germany(TM) in
Berlin's Olympia stadium on June 30, 2006.
The finals in Hanover were the culmination of the
biggest sporting event in Continental's corporate history.
More than 100 men's teams from 75 plants in 26 countries
and 16 women's teams from ten countries took part.
Somewhere in the range of 1500 to 2000 employees vied in
hundreds of encounters. Thousands of employees --
accompanied often by the whole family -- showed up to take
in the action.
Nine women's and eight men's teams -- involving around
250 employees from Conti plants in 13 countries --
qualified for the finals in Hanover. Teams from Belgium,
Brazil, China, Germany, France, Malaysia, Mexico, Portugal,
Romania, Slovakia, South Africa, the Czech Republic and
Hungary came to Hanover with their fans. Eight employees
from the Continental plant in Mechelen, Belgium, even made
the trip by bike, a distance of over 450 kilometres.
The Continental Corporation is a leading supplier of
brake systems, chassis components, vehicle electronics,
tires and technical elastomers. In
2005 the corporation realized sales of EUR13.8 billion. At
present it has a worldwide workforce of approximately
80,600.
Hannes Boekhoff
Head of Press
Continental AG
Vahrenwalder Str. 9
D-30165 Hanover
Tel.: +49-511-938-1278
Fax: +49-511-938-1055
Email: prkonzern@conti.de
Corporate Image and Video Library:
http://www.conti-online.com
For more information, please contact:
Hannes Boekhoff,
Head of Press, Continental AG
Tel: +49-511-938-1278
Fax: +49-511-938-1055
Email: prkonzern@conti.de
SOURCE Continental AG
2007'02.01.Thu
Caterpillar Demonstrates Rental Store Business for Chinese Customers Attending CONEXPO Asia
May 15, 2006
Rental Stores Part of Plan by Caterpillar and Its Dealers to Expand Customer Support and Product Offerings in China
BEIJING, May 15 /Xinhua-PRNewswire/ -- Caterpillar Inc.
(NYSE: CAT) is formally introducing its proven rental store
concept to customers in China during the inaugural CONEXPO
Asia trade show taking place in Beijing. In the first
three months of 2006, Caterpillar dealers have opened 12
Cat Rental Stores in China as part of Caterpillar's plan to
expand the level of service and product offerings to current
and potential new customers in China.
"These Cat Rental Stores will give our Chinese
customers greater access to the machines and tools they
need -- for a few hours, a few days, or months at a time --
so they can complete the projects they are working on,"
said Rod Beeler, Caterpillar vice president for Asia Pacific
Marketing and chairman of the CONEXPO Asia management
committee. "A customer coming into one of these new
rental stores will have the full product support they
expect from Caterpillar and its independent dealers,
including the option to rent, lease, or buy new or used
equipment and even to obtain financing from Caterpillar
China Financial Leasing."
The Cat Rental Store has been tested and proven around
the world with more than 1,400 locations in 40 countries.
For many equipment customers in China, the commercial
rental concept is a different way of conducting business.
"In addition to providing our current customers in
China with even greater support, these Cat Rental Stores
will also give contractors in China the chance to 'test
drive' and learn more about Caterpillar products they might
not be familiar with, helping make them more productive in
their operations," Beeler said.
CONEXPO Asia 2006 is being held May 15-18 at the China
National Agricultural Exhibition Center in Beijing. As
part of Caterpillar's 1,800-square-meter display at CONEXPO
Asia, the company has set up a full-size display of a Cat
Rental Store.
"This display will give our Chinese customers and
potential new customers a sense of how the Cat Rental Store
can be used as a tool to help these equipment owners better
plan for and manage costs for projects they may have,"
said M.C. Chan, Caterpillar China regional director.
"The Cat Rental Store will let our customers benefit
from Caterpillar products and product support without
feeling the need to buy a new Caterpillar machine right
away."
Caterpillar has a long history in China. The company
sold its first products there in 1975 and opened an office
in Beijing in 1978. Beijing is home to Caterpillar's
marketing headquarters for China, and it is also the
headquarters for Cat China Financial Leasing.
In the 1980s, Caterpillar launched technology transfer
agreements with Chinese manufacturers who began building
Caterpillar licensed products. Caterpillar's expansion in
China accelerated in the early 1990s with the establishment
of a more significant local production strategy. Today,
Caterpillar operates 13 facilities -- both joint venture
and wholly owned businesses -- which, together with its
network of independent Caterpillar dealers, offer customers
in China the best-in-class products, services and support
that have made it a global leader.
For more than 80 years, Caterpillar Inc. has been
making progress possible and driving positive and
sustainable change on every continent. With 2005 sales and
revenues of $36.339 billion, Caterpillar is the world's
leading manufacturer of construction and mining equipment,
diesel and natural gas engines and industrial gas turbines.
More information is available at http://www.cat.com/ .
SAFE HARBOR
Certain statements in this release relate to future
events and expectations and as such constitute
forward-looking statements involving known and unknown
factors that may cause actual results of Caterpillar Inc.
to be different from those expressed or implied in the
forward-looking statements. In this context, words such as
"expects," "anticipates,"
"intends," "plans,"
"believes," "seeks," "will,"
or other similar words and phrases often identify
forward-looking statements made on behalf of Caterpillar.
It is important to note that actual results of the company
may differ materially from those described or implied in
such forward looking statements based on a number of
factors and uncertainties, including, but not limited to,
changes in economic conditions, currency exchange rates or
political stability; market acceptance of the company's
products and services; significant changes in the
competitive environment; changes in law, regulations and
tax rates; and other general economic, business and
financing conditions and factors described in more detail
in the company's filings with the Securities and Exchange
Commission, including the financial release filed on Form
8-K with the Securities and Exchange Commission on April
24, 2006. We do not undertake to update our
forward-looking statements.
For more information, please contact:
Jim Dugan,
Caterpillar Corporate Public Affairs
Tel: +1-309-675-5813
Email: dugan_jim@cat.com
SOURCE Caterpillar Inc.
2007'02.01.Thu
Ernst & Young Withdraws Nonperforming Loan Report
May 15, 2006
LONDON, May 15 /Xinhua-PRNewswire/ -- The Nonperforming
Loan (NPL) Report that was issued on 3 May 2006 reported
that the NPL exposure for China was estimated at US$911
billion. Throughout the report this amount was identified
as a potential future amount that includes NPLs totaling
approximately US$358 billion for the big four commercial
banks. Upon further research, Ernst & Young Global
finds that this number cannot be supported, and believes it
to be factually erroneous.
The NPL Report did not go through our normal internal
review and approval process before it was released to the
public and, as it contains errors, we are withdrawing the
report.
The official level of NPLs of US$133 billion for the
big four commercial banks in China is computed on a
regulatory and accounting standard based on objective
evidence of impairment. Ernst & Young China serves as
auditors for one of those four commercial banks and their
audit, performed under international standards of auditing
in order to form an opinion on the bank's state of affairs
in accordance with International Financial Reporting
Standards, supports the bank's contribution to the total of
US$133 billion for all four of the commercial banks.
We apologize that this erroneous report was issued. We
sincerely regret any misleading views that the report
conveyed.
About Ernst & Young
Ernst & Young, a global leader in professional
services, is committed to restoring the public's trust in
professional services firms and in the quality of financial
reporting. Its 107,000 people in 140 countries pursue the
highest levels of integrity, quality, and professionalism
in providing a range of sophisticated services centered on
our core competencies of auditing, accounting, tax, and
transactions. Further information about Ernst & Young
and its approach to a variety of business issues can be
found at http://www.ey.com/perspectives . Ernst & Young
refers to the global organization of member firms of Ernst
& Young Global Limited, each of which is a separate
legal entity. Ernst & Young Global Limited does not
provide services to clients.
This press release has been issued by EYGM Limited, a
member of the global Ernst & Young organization.
For more information, please contact:
Kevin Russell,
Ernst & Young Global Public Relations
Tel: +44-20-7980-0502
Mobile: +44-7884-235-847
Email: Kevin.russell@uk.ey.com
SOURCE Ernst & Young
2007'02.01.Thu
Caterpillar Showcases Commitment to Customer Solutions at Inaugural CONEXPO Asia Trade Show in Beijing
May 15, 2006
Wide Range of Caterpillar Products and Services on Display for Customers Who Can 'Count on Cat'
BEIJING, May 15 /Xinhua-PRNewswire/ -- Caterpillar Inc.
(NYSE: CAT) is giving customers attending the first CONEXPO
Asia the opportunity to see how Caterpillar products will
continue to play a vital role in the economic progress that
is taking place in China and across Asia. An international
trade show for the construction industry, CONEXPO Asia 2006
is being held May 15-18 at the China National Agricultural
Exhibition Center in Beijing.
"It's significant that this show is being held in
China where Caterpillar's products and customers have
played a great role in the economic growth and progress
that has occurred in the last several decades," said
Gerry Shaheen, Caterpillar group president. "The
first CONEXPO Asia trade show is a good example of how free
and open trade works."
The event comes at a time when some policymakers in the
United States have called for harsh penalties or tariffs
aimed at Chinese products being imported to the U.S., a
move that could damage trade between the two nations.
Caterpillar has encouraged China's increased attention on
key trade issues such as currency reform and intellectual
property protection, in line with China's stated plan to
rapidly develop a market economy. Caterpillar is
suggesting those trade issues are more effectively
addressed through positive, balanced and engaging
discussions among policymakers from both countries.
"Caterpillar has long supported economic
engagement with China, and CONEXPO Asia is yet another
example of how a commitment to open trade benefits
companies like Caterpillar, its Chinese customers, and the
rest of the global economy," Shaheen said.
The first CONEXPO Asia will feature displays by
international companies as well as domestic Chinese
equipment manufacturers. The Caterpillar exhibit at
CONEXPO Asia covers 1,800 square meters of space and will
feature more than 20 Caterpillar machines and power systems
as well as displays covering the full range of Caterpillar
product support, financing, rental, and other services
available to assist customers who are involved in every
aspect of development taking place across the Asia Pacific
region.
"Our display at CONEXPO Asia gives us the chance
to talk with our customers in the Asia Pacific region about
the quality, reliability, durability and product support
that has made the Caterpillar name the mark of excellence
all around the world," said Rod Beeler, Caterpillar
vice president of Asia Pacific Marketing and chairman of
the CONEXPO Asia management committee.
Caterpillar has a long history in China. The company
sold its first products there in 1975 and opened an office
in Beijing in 1978. Beijing is home to Caterpillar's
marketing headquarters for China, and it is also the
headquarters for Cat China Financial Leasing.
In the 1980s, Caterpillar launched technology transfer
agreements with Chinese manufacturers who began building
Caterpillar licensed products. Caterpillar's expansion in
China accelerated in the early 1990s with the establishment
of a more significant local production strategy. Today,
Caterpillar operates 13 facilities -- both joint venture
and wholly owned businesses -- which, together with its
network of independent Caterpillar dealers, offer customers
in China the best-in-class products, services and support
that have made it a global leader.
For more than 80 years, Caterpillar Inc. has been
making progress possible and driving positive and
sustainable change on every continent. With 2005 sales and
revenues of $36.339 billion, Caterpillar is the world's
leading manufacturer of construction and mining equipment,
diesel and natural gas engines and industrial gas turbines.
More information is available at http://www.cat.com/ .
SAFE HARBOR
Certain statements in this release relate to future
events and expectations and as such constitute
forward-looking statements involving known and unknown
factors that may cause actual results of Caterpillar Inc.
to be different from those expressed or implied in the
forward-looking statements. In this context, words such as
"expects," "anticipates,"
"intends," "plans,"
"believes," "seeks," "will,"
or other similar words and phrases often identify
forward-looking statements made on behalf of Caterpillar.
It is important to note that actual results of the company
may differ materially from those described or implied in
such forward looking statements based on a number of
factors and uncertainties, including, but not limited to,
changes in economic conditions, currency exchange rates or
political stability; market acceptance of the company's
products and services; significant changes in the
competitive environment; changes in law, regulations and
tax rates; and other general economic, business and
financing conditions and factors described in more detail
in the company's filings with the Securities and Exchange
Commission, including the financial release filed on Form
8-K with the Securities and Exchange Commission on April
24, 2006. We do not undertake to update our
forward-looking statements.
For more information, please contact:
Jim Dugan,
Caterpillar Corporate Public Affairs
Tel: +1-309-675-5813
Email: dugan_jim@cat.com
SOURCE Caterpillar Inc.
2007'02.01.Thu
Xinhua Finance CEO Ms. Fredy Bush Awarded Ellis Island Medal of Honor
May 15, 2006
SHANGHAI, May 15, -- On May 13, Ms. Fredy Bush, founder
and CEO of Xinhua Finance Ltd. (TSE Mothers: 9399 and OTC:
XHFNY), was awarded the Ellis Island Medal of Honor from
the National Ethnic Coalition of Organizations (NECO)
during a ceremony held on Ellis Island.
Created in 1986, the Ellis Island Medals of Honour are
presented to Americans of diverse origins for their
outstanding contributions to American society. Past
honourees include U.S. presidents, Nobel Prize winners,
leaders of industry and government, artists, performers,
and athletes. Ellis Island Medal of Honour Award
recipients are selected each year through a national
nomination process and are sanctioned by the United States
Congress, with the recipients' names listed in the
Congressional Record. To date, more than 1,000 American
citizens, including six former U.S. presidents, have
received medals.
Fredy Bush, an American citizen originally from Utah,
is a successful entrepreneur who started her own financial
information provider in China in 1999. The company, Xinhua
Finance, listed in Japan, has now become the leading
provider of Chinese financial market information, with over
US$110 million in revenue in 2005. Her initiatives as CEO
of Xinhua Finance aim to improve the transparency of the
Chinese markets, enabling international institutional
investors to invest in China with greater confidence and
efficiency. Under her leadership, Xinhua Finance has
forged alliances with a number of financial innovators,
including FTSE Group, PR Newswire and Lehman Brothers, to
apply global best practices to China's emerging markets.
This April, Xinhua Finance formed a partnership with the
Milken Institute in the creation of the first set of
independent China economic indicators.
"Receiving the Ellis Island Medal of Honor, among
a list of such esteemed countrymen, is a tremendous honour.
NECO's mission of celebrating diversity and pubic service
is one that I share deeply. Since I first came to Asia two
decades ago, I have dedicated myself to the mission of
improving the infrastructure for cross-border investment
between China and the USA. I have tried to do so by
building a company that embodies diversity. At Xinhua
Finance, we boast a true `melting pot' of talented and
focused individuals of different backgrounds, all committed
to promoting a stronger global economy."
As founder, CEO, and Vice Chairman of Xinhua Finance
Limited, Fredy Bush draws on over 20 years of experience
and entrepreneurial success in the Far East. Prior to
establishing Xinhua Finance, Fredy worked in Taiwan from
1985-1990 to establish that its first official futures
market. In 2004, Fredy was listed as one of the "Top
50 Women to Watch" globally by the Wall Street
Journal.
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
www.xinhuafinance.com.
For further information,
Xinhua Finance
Japan:
Mr Sun Jiong
Tel: +81-3-3221-9500
Email: jsun@xinhuafinance.com
Hong Kong:
Ms Joy Tsang
Tel: +852-3196-3983
+852-9486-4364
Email: joy.tsang@xinhuafinance.com
Taylor Rafferty (IR Contact)
Japan:
Mr. James Hawrylak,
Tel: +81-3-5444-2730
Email: james.hawrylak@taylor-rafferty.com
United States:
Mr. Brian Rafferty
Tel: +1-212-889-4350
Email: xinhuafinance@taylor-rafferty.com
SOURCE Xinhua Finance Limited
2007'02.01.Thu
Xinhua Finance CEO Ms. Fredy Bush Awarded Ellis Island Medal of Honor
May 15, 2006
SHANGHAI, May 15, -- On May 13, Ms. Fredy Bush, founder
and CEO of Xinhua Finance Ltd. (TSE Mothers: 9399 and OTC:
XHFNY), was awarded the Ellis Island Medal of Honor from
the National Ethnic Coalition of Organizations (NECO)
during a ceremony held on Ellis Island.
Created in 1986, the Ellis Island Medals of Honour are
presented to Americans of diverse origins for their
outstanding contributions to American society. Past
honourees include U.S. presidents, Nobel Prize winners,
leaders of industry and government, artists, performers,
and athletes. Ellis Island Medal of Honour Award
recipients are selected each year through a national
nomination process and are sanctioned by the United States
Congress, with the recipients' names listed in the
Congressional Record. To date, more than 1,000 American
citizens, including six former U.S. presidents, have
received medals.
Fredy Bush, an American citizen originally from Utah,
is a successful entrepreneur who started her own financial
information provider in China in 1999. The company, Xinhua
Finance, listed in Japan, has now become the leading
provider of Chinese financial market information, with over
US$110 million in revenue in 2005. Her initiatives as CEO
of Xinhua Finance aim to improve the transparency of the
Chinese markets, enabling international institutional
investors to invest in China with greater confidence and
efficiency. Under her leadership, Xinhua Finance has
forged alliances with a number of financial innovators,
including FTSE Group, PR Newswire and Lehman Brothers, to
apply global best practices to China's emerging markets.
This April, Xinhua Finance formed a partnership with the
Milken Institute in the creation of the first set of
independent China economic indicators.
"Receiving the Ellis Island Medal of Honor, among
a list of such esteemed countrymen, is a tremendous honour.
NECO's mission of celebrating diversity and pubic service
is one that I share deeply. Since I first came to Asia two
decades ago, I have dedicated myself to the mission of
improving the infrastructure for cross-border investment
between China and the USA. I have tried to do so by
building a company that embodies diversity. At Xinhua
Finance, we boast a true `melting pot' of talented and
focused individuals of different backgrounds, all committed
to promoting a stronger global economy."
As founder, CEO, and Vice Chairman of Xinhua Finance
Limited, Fredy Bush draws on over 20 years of experience
and entrepreneurial success in the Far East. Prior to
establishing Xinhua Finance, Fredy worked in Taiwan from
1985-1990 to establish that its first official futures
market. In 2004, Fredy was listed as one of the "Top
50 Women to Watch" globally by the Wall Street
Journal.
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
www.xinhuafinance.com.
For further information,
Xinhua Finance
Japan:
Mr Sun Jiong
Tel: +81-3-3221-9500
Email: jsun@xinhuafinance.com
Hong Kong:
Ms Joy Tsang
Tel: +852-3196-3983
+852-9486-4364
Email: joy.tsang@xinhuafinance.com
Taylor Rafferty (IR Contact)
Japan:
Mr. James Hawrylak,
Tel: +81-3-5444-2730
Email: james.hawrylak@taylor-rafferty.com
United States:
Mr. Brian Rafferty
Tel: +1-212-889-4350
Email: xinhuafinance@taylor-rafferty.com
SOURCE Xinhua Finance Limited
2007'02.01.Thu
Calyon Financial Adds Steve Auerbach
May 15, 2006
Former SunGard Futures Systems President Named Global Head of Projects
CHICAGO, May 15 /Xinhua-PRNewswire/ -- Calyon Financial
today announced the addition of Steve Auerbach as Global
Head of Projects. In this new role, Mr. Auerbach will work
with Calyon Financial's worldwide electronic trading, front
office, IT and support teams to provide leadership and
direction on customer solutions offered by the company.
Mr. Auerbach joins Calyon Financial after a successful
career as President of SunGard Futures Systems.
"Steve's experience managing a leading technology
company, along with his tremendous knowledge of futures and
options operations and strategy, will be an asset to
us," said Richard Ferina, Calyon Financial's Chairman
and CEO. "Steve's role will be to ensure we're
leaders in providing solutions that meet the expanding
needs of both our customers and employees."
Calyon Financial consistently ranks among the leading
brokers on the world's top exchanges in both trading volume
and customer assets on deposit. The firm offers customers a
variety of customizable technology solutions that address
trading, processing and clearing needs. Earlier this year,
Calyon Financial hired Leslie Sutphen as Head of E-Brokerage
Strategy/Implementation. Ms. Sutphen was previously
president of Financial Markets Consulting and directed
marketing of clearing and risk analysis systems for the
Institutional Financial Futures Department of Prudential
Securities.
About Calyon Financial
Calyon Financial ( http://www.calyonfinancial.com ) is
a leading global brokerage firm dedicated to providing
institutional clients efficient access to all major
markets. The firm ranks among the top futures commission
merchants in the world. Headquartered in Chicago, Calyon
Financial has a presence in 13 major global financial
centers. Calyon Financial is a wholly owned subsidiary of
Calyon S.A. ( http://www.calyon.com ), the corporate
banking arm of Credit Agricole. Calyon is a major player in
financial markets and among Europe's leading corporate and
investment banks. Credit Agricole and Calyon each hold AA
credit ratings.
For more information, please contact:
Barry Neumann,
Calyon Financial
Tel: +1-312-441-4564
SOURCE Calyon Financial
2007'02.01.Thu
Calyon Financial Launches Foreign Exchange Trading Platform
May 15, 2006
CHICAGO, May 15 /Xinhua-PRNewswire/ -- Calyon Financial
today announced the launch of its new online foreign
exchange trading platform, Calyon Financial FX Edge. The
new platform will provide customers with access to
streaming liquidity supplied from the world's leading
foreign exchange institutions.
For trades executed via the platform, Calyon Financial
serves as counterpart to both the customer and the
liquidity providers. This allows customer trades to remain
anonymous to the market, ensuring pricing neutrality.
"We saw an opportunity to combine a leading
technology solution with the strength and expertise of a
top institutional brokerage," said Max Smith, head of
the firm's Foreign Exchange desk. "Calyon Financial
FX Edge gives traders the advantage of aggregated spot
prices from high quality sources, combined with our firm's
skilled customer service and solid balance sheet. The goal
was to provide greater depth of liquidity at a tighter
spread than has been previously available. A further
benefit to our customers is that, should one of our
liquidity partners be unavailable, the others will ensure
continuity."
Calyon Financial FX Edge provides streaming spot prices
in all major currencies and gives traders the ability to use
a "one-click" browser-based system for fast market
access.
Calyon Financial FX Edge features the ability for
traders to customize currency pairs and settings, set
ticket size limits, and configure the trade blotter to
maximize efficiency. The platform can also produce
customized downloadable reports for ease of reporting and
control.
Customers benefit from the strength and market
reputation of Calyon Financial, a top FX broker. Calyon
Financial, which does not engage in proprietary trading, is
backed by its AA rated parent bank, Calyon S.A.
Calyon Financial developed the new platform in
conjunction with Integral, an industry leading provider of
innovative, end-to-end solutions to automate FX trading.
About Calyon Financial
Calyon Financial ( http://www.calyonfinancial.com ) is
a leading global brokerage firm dedicated to providing
institutional clients efficient access to all major
markets. The firm ranks among the top futures commission
merchants in the world. Headquartered in Chicago, Calyon
Financial has a presence in 13 major global financial
centers. Calyon Financial is a wholly owned subsidiary of
Calyon Corporate and Investment Bank (
http://www.calyon.com ), the corporate banking arm of
Credit Agricole. Calyon is a major player in financial
markets and among Europe's leading corporate and investment
banks. Credit Agricole and Calyon each hold AA credit
ratings.
For more information, please contact:
Barry Neumann,
Calyon Financial Corporate Communications
Tel: +1-312-441-4564
SOURCE Calyon Financial
2007'02.01.Thu
International Next Generation Network Provider Interoute Selects Sonus Networks for Multi-Million Dollar Network Expansion
May 10, 2006
Interoute Leverages Sonus' IMS Solution to Support Increased Demand for Leading VoIP Services
SWINDON, England, May 10 /Xinhua-PRNewswire-FirstCall/
-- Sonus Networks, Inc. (Nasdaq: SONS), a leading supplier
of service provider Voice over IP (VoIP) infrastructure
solutions, announced today that Interoute, owner and
operator of one of Europe's most advanced
telecommunications networks, has selected Sonus Networks'
IMS (IP Multimedia Subsystem)-ready network infrastructure
solutions to support the multimillion dollar expansion of
its IP-based voice network into several major markets,
including Madrid, Spain and Milan, Italy. The Sonus
solution offers Interoute the authentication and security
features necessary to support its carrier-class Virtual
Voice Network (VVN) service and Arena, Interoute's
commission-free voice exchange, which gives carriers the
ability to exchange traffic securely and flexibly with
other operators around the world. Sonus' IMS-ready,
standards-based platform was selected because it provides
Interoute with the scalability and reliability necessary to
meet the growing demand for the company's enhanced voice
services.
"For years Sonus and Interoute have partnered to
develop one of Europe's most sophisticated VoIP networks.
Interoute has been a pioneer in the rollout of high value
IP-based services, such as iSip and Arena, and continues to
invest in its Sonus-based network to differentiate itself as
one of the premier providers of VoIP services in the
region," said Hassan Ahmed, chairman and CEO, Sonus
Networks. "As Interoute further extends its presence
in cities throughout Europe, Sonus is uniquely positioned
to help them meet their growth objectives and support the
increasing amount of traffic being carried on their
network."
"We selected the Sonus platform because, from day
one, we recognized the flexibility that its distributed,
standards-based architecture would deliver," said
Matthew Finnie, CTO Interoute. "The Sonus platform
utilizes sound engineering principles fundamentally in line
with the emerging IMS standards, which enables the
development of standards-based services such as enhanced
content aggregation and delivery. A standards-based
architecture is essential for the shared infrastructure
products that Interoute offers to our customers."
Interoute has been a Sonus customer since 2002 and has
deployed the complete Sonus architecture, including the
GSX9000(TM) Open Services Switch, the PSX(TM) Call Routing
Server and the Sonus Insight(TM) Management System in
cities across Europe and North America.
About Interoute
Interoute is Europe's fastest growing telecoms provider
and owner operator of the continent's most advanced and
densely connected voice and data network. It delivers
intelligent, customer-controlled network services to a
diverse range of businesses including carriers, mobile
operators, service providers, enterprise customers and
governments. With established operations throughout
mainland Europe and North America, Interoute also owns and
operates long-haul and dense city networks throughout
Europe's major business centers.
About Sonus Networks
Sonus Networks, Inc. is a leading provider of Voice
over IP (VoIP) infrastructure solutions for wireline and
wireless service providers. With its comprehensive IP
Multimedia Subsystem (IMS) solution, Sonus addresses the
full range of carrier applications, including residential
and business voice services, wireless voice and multimedia,
trunking and tandem switching, carrier interconnection and
enhanced services. Sonus' voice infrastructure solutions
are deployed in service provider networks worldwide.
Founded in 1997, Sonus is headquartered in Chelmsford,
Massachusetts. Additional information on Sonus is available
at http://www.sonusnet.com.
This release may contain forward-looking statements
regarding future events that involve risks and
uncertainties. Readers are cautioned that these
forward-looking statements are only predictions and may
differ materially from actual future events or results.
Readers are referred to the "Risk Factors"
section of Sonus' Annual Report on Form 10-K, dated March
14, 2006 and Quarterly Report on Form 10-Q, dated May 8,
2006, both filed with the SEC, which identify important
risk factors that could cause actual results to differ from
those contained in the forward-looking statements. Risk
factors include among others: the impact of material
weaknesses in our disclosure controls and procedures and
our internal control over financial reporting on our
ability to report our financial results timely and
accurately; the unpredictability of our quarterly financial
results; risks associated with our international expansion
and growth; consolidation in the telecommunications
industry; and potential costs resulting from pending
securities litigation against the company. Any
forward-looking statements represent Sonus' views only as
of today and should not be relied upon as representing
Sonus' views as of any subsequent date. While Sonus may
elect to update forward-looking statements at some point,
Sonus specifically disclaims any obligation to do so.
Sonus is a registered trademark of Sonus Networks, Inc.
Sonus GSX9000 Open Services Switch, PSX Call Routing
Server, SGX Signaling Gateway, and the Sonus Insight
Management System are trademarks of Sonus Networks, Inc.
All other company and product names may be trademarks of
the respective companies with which they are associated.
For more information, please contact:
Investor Relations
Jocelyn Philbrook
Tel: +1-978-614-8672
Email: jphilbrook@sonusnet.com
Media Relations
Sarah McAuley
Tel: +1-212-699-1836
Email:smcauley@sonusnet.com
Media Relations EMEA
Tom Cheesewright
Tel: +44-1628-628080
Email: TomC@Noiseworks.com
SOURCE Sonus Networks, Inc.
/CONTACT: /
/Web Site: http://www.sonusnet.com /
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