2007'02.10.Sat
Beyondsoft's Senior Vice President on `Doing Business in China'
August 30, 2006
SEATTLE, Wash., Aug. 30 /Xinhua-PRNewswire/ -- CBTA's
President, Mike Lian, and Beyondsoft's Senior VP, Philip
Lew, advised CBTA members on the topic of "Doing
Business in China" in downtown Bellevue on August 17.
Senior VP Philip Lew introduced Beyondsoft's business
profile in addition to an overview of the software
outsourcing situation in China. Mr. Lew commented on the
opportunities and issues in China regarding leadership,
management, and entrepreneurship. Finally, Beyondsoft's
Senior VP gave insight into the hot topic of today's
business world -- the challenges and conflicts of culture
when doing business in China, and how Chinese IT
outsourcing firms such as Beyondsoft are overcoming these
challenges.
The 2-hour meeting with more than 20 members of CBTA
shed light on the fact that the members, who were of
Chinese origin are more willing to do business with the
Chinese. However, one hindrance is that these people lack
the type of information essential to decision-making when
doing business in China.
As last, Philip Lew and Mike Lian, the President of
CBTA, agreed to further their mutual relationship and
co-development in satisfying the software outsourcing
requirements of Chinese people and their firms in Greater
Seattle.
About Beyondsoft
Established in 1995, Beyondsoft Co., Ltd. is a leading
China based provider of end-to-end software engineering
services, spanning software development, software testing,
localization, BPO, and China market entry. Headquartered in
Beijing, Beyondsoft has domestic branches in Shanghai,
Tianjin & Wuhan, as well as overseas offices in Silicon
Valley, Seattle, Fort Collins in the United States, and
Tokyo, Japan. Beyondsoft is recognized as one of the top 3
US & Europe oriented outsourcing companies in China by
IDC (Feb. `06). For more information, please visit
http://www.beyondsoft.com .
About CBTA
CBTA (Chinese Business and Technology Association) is a
non-profit organization in Washington. Its mission is to
promote and support overseas Chinese businesses and
technological development in the United States and China,
through improvement in information exchange, promotion of
business and technological cooperation, and establishing a
coherent platform to integrate personnel, market and
capital resources.
For more information, please contact:
Lorita Liu
Beyondsoft Group
Tel: +86-10-8282-6100 x5102
Email: liuye@beyondsoft.com
Web: http://www.beyondsoft.com
SOURCE Beyondsoft Group
PR
2007'02.10.Sat
GLO CPAs, LLP Joins World Renowned Integra International(R) Team and Strengthens Its Global Representation Among the Top Business Leaders Worldwide
August 29, 2006
HOUSTON, Aug. 29 /Xinhua-PRNewswire/ -- GLO CPAs, LLP,
a Houston-based professional accounting and financial
services firm, has become a member of the world renowned
Integra International(R). Integra International is a
distinguished association of business advisors composed of
accountants and auditors as well as business experts who
have established themselves among the top in the business
world and are known for innovative business strategies and
standards.
(Photo:
http://www.newscom.com/cgi-bin/prnh/20060829/NYTU056 )
GLO CPAs has established itself locally and its
induction into this prominent association has strengthened
its position among the top business leaders
internationally. Integra International member firms have
partners and business executives with decades of experience
in advising clients who are involved in both international
and local affairs. The global network of accounting and
services firms who have become inducted into Integra
International are committed to exchanging information with
one another while also advising growing businesses and
professionals.
While each member firm remains independent and conducts
its professional affairs and standards within its
jurisdictions, Integra International members are also
dedicated to maintaining high professional standards by
preserving close relationships between 85 member firms with
offices, majority of which are multi-lingual, in 125 cities
located in 40 different countries globally and includes
over 2,000 professionals. GLO CPAs demonstrates local
expertise and engages in high-value relationships with a
global perspective.
About GLO CPAs, LLP
GLO CPAs, LLP has been serving the Greater Houston area
for 25 years. The firm offers comprehensive accounting, tax,
public and private audit, financial planning and business
consulting services to individuals as well as closely-held
and public companies. The firm takes pride in delivering
proactive, innovative financial solutions to help clients
manage and optimize growth while providing value and peace
of mind. GLO CPAs specializes in serving companies in the
energy, healthcare, construction and technology industries
and is registered with the Public Company Accounting
Oversight Board and the Canadian Public Accountability
Board, confirming their qualifications as independent
auditors to public companies. GLO CPAs are also members of
the American Institute of Certified Public Accountants and
Integra International(R), an interactive global network of
local independent accounting and consulting firms dedicated
to exchanging information and advising growing businesses
and professionals.
For more information on GLO CPAs, call 713/621.4700 or
visit http://www.glocpa.com .
For more information, please contact:
Kay Onyeagu
GLO CPAs, LLP
Tel: +1-713-621-4700 x30
SOURCE GLO CPAs, LLP
2007'02.10.Sat
Red Herring Reveals the Award Winners of the `Red Herring 100 Asia'
August 29, 2006
Award Recognizes the 100 Private Asian Firms Driving the Future of Technology
HONG KONG, Aug. 29 /Xinhua-PRNewswire/ -- Red Herring today announced Red Herring 100, a selection of the 100 private companies in North America that play a leading role in innovation and technology. To view the Red Herring 100 list, please visit http://www.redherring.com/rhasia06 . To honor the Red Herring Top 100 Asian companies, Red Herring has invited each CEO to present his or her company at the Red Herring Asia 2006 conference, a forum for technology's most exciting companies to share their insights on the future of innovation and the entrepreneurial journey. Scheduled from August 28 - 30 at the Fours Seasons Hotel in Hong Kong, this intimate, three-day conference will give hands-on insights about the up and coming companies. "Red Herring's lists of private companies are an important part of the magazine's tradition of identifying new and innovative technology companies and entrepreneurs. Companies like Google and eBay were spotted in their early days by Red Herring editors as those that would change the way we live and work," said Red Herring editor-in-chief Joel Dreyfuss." The prestigious award, now in its second year and open only to private technology companies headquartered in Asia Pacific, is given to the top 100 Asian tech companies on the basis of technology innovation, management strength, market size, investor record, customer acquisition and financial health. Red Herring's editorial staff rigorously evaluated more than 1,000 private companies through a careful analysis of financial data and subjective criteria, including quality of management, execution of strategy, and dedication to research and development. About Red Herring Red Herring is a sophisticated insider's guide to the business of technology, featuring unparalleled insights on the emerging technologies driving the economy from the Internet to wireless communications and digital entertainment. Red Herring reports on how innovation and entrepreneurship are transforming business and how the business of technology is transforming the world, providing readers with a deep understanding of venture capital and capital markets. Recognized as an essential resource in today's fast-changing business world, Red Herring gets the right answers before anyone else even thinks to ask the questions. More information on Red Herring is available on the Internet at http://www.redherring.com . The "Red Herring 100 Asia" are (in alphabetical order): Company Country Industry 247 customer India Outsourcing 24X7 Learning India Software 9 You China Internet and Services 51show China Internet and services Abkey Singapore Computing ACL Wireless India Communications Actela Korea Security Advanced Radio Engineering India Communications Aigo China Computing Allyes China Internet and services Antig Taiwan Energy Avesthagen India Biosciences Baihe Online Technology China Internet and services Bbmao.com China Internet and services BuzzCity Singapore Internet and services CGEN media China Entertainment and media China Broadband Communications China Communications Chipnuts China Semiconductor Clipcomm Korea Communications colorme-happyChina China Internet and services Comsenz China Internet and services Converge Labs India Communications Coruscant Tec India Internet and services CSDN China Internet and services Daumsoft Korea Internet and services Dideonet Korea Communications Dratek China Internet and services Drishtee Dot Com India EC Navi Japan Internet and services eDuShi China Internet and services Euglena Japan Ensoltek Korea Biosciences Esqube India Communications Evalueserve India Outsourcing Ewarna Malaysia Internet and services Exist Software Engineering Philippines Business software Gammastar China Biosciences GetData Australia Security Gmedia China Communications GNI Ltd. Japan Biosciences Gopets Korea Entertainment and media Gpans Korea Security Hansuntech China Internet and services HiChina China Internet and services icon lab Korea Communications Imagis Korea Semiconductor IndiaIdeas.com India Internet and services Innoviti Embedded India Communications Innoxius Singapore Communications Jiangxi Solar Hi- Tech China Solar Madhouse China Internet and services MakeMyTrip India Internet and services MassMedia Studios Australia Internet and services Mauj Telecom India Communications Mcubeworks Korea Communications MetricStream India Business software Miartech China Semiconductor Mobile2Win India Internet and services Morpho Inc Japan Software Netinfinium Malaysia Naukri.com India Internet and services Naviblog Japan Internet and services Nayio Media Korea Internet and services NeoAccel India Communications Netpia Korea Internet and services n-Logue India Internet and services Noah Education China Computing Novatium Solutions India Computing Oak Pacific Interactive China Internet and services ocimum biosolutions India Biosciences Payease China Internet and services pentamicro Korea Semiconductor people interactive India Internet and services Photop Technologies China Phi Microtech Japan Semiconductors PI R&D Japan Electronics Posdaq Korea Internet and services Rockmobile China Communications/wireless Shangai Hintsoft China Internet and services SiBiono China Biosciences SIMmersion Holdings Australia Software Singular ID Singapore Nanotech SoftJin India Semiconductors Taiwan Liposome Company Taiwan Biosciences tenCube Pte. Ltd. Singapore Handsets TERUTEN Korea Security Tomato LSI Korea Semiconductors Toodou China Internet and services Toonz Animation India Entertainment and Media Ubicod Korea Media and entertainment Veredus Laboratories Singapore Biosciences Waawoo Korea Computing Wealink China Internet and services winitech Korea Business software Worksoft Creative Software China Services WSO2 Sri Lanka Business software xplus China Internet and services YourAmigo Australia Internet and services zhongsou China Internet and services Zio Interactive Korea Entertainment and media For more information, please contact: Amber Li Tel: +86-10-8591-1166 x805 Email: amberli@redherring.com SOURCE Red Herring
2007'02.10.Sat
The Coca-Cola Company Acquires Controlling Shareholding in Bottling Joint Venture with Kerry Group
August 29, 2006
HONG KONG, Aug. 29 /Xinhua-PRNewswire/ -- The Coca-Cola
Company (Coca-Cola) has announced today the acquisition of a
controlling shareholding in Kerry Beverages Limited (KBL),
its bottling joint venture with the Kerry Group -- a
conglomerate based in Hong Kong. KBL was formed by
Coca-Cola and the Kerry Group in 1993, and has majority
ownership in 11 joint ventures that manufacture and
distribute products of The Coca-Cola Company across 9
provinces in China. KBL also has a minority interest in
the joint venture bottler for Beijing. The transaction
does not affect the local shareholding structure of the
bottlers in China.
With Kerry Group's increasing focus on its core
business areas -- hotel management, property development
and logistics -- Coca-Cola has increased its equity
ownership through this opportunity in bottling operations
in China. Coca-Cola believes that the relationship it has
built with Kerry through its joint venture over the past 14
years will continue to allow Coca-Cola to tap into the
wealth of experience and expertise Kerry has in China.
After the deal, Coca-Cola will hold 89.5% of KBL, and
will have agreed to purchase the remaining 10.5% interest
by the end of 2008 at the same price per share as the
initial purchase plus interest. Coca-Cola will have all
voting and economic rights over the remaining shares. The
other terms of the transaction remain confidential.
"Our partnership with KBL over the past 14 years
has allowed our business in China to establish a strong
foundation for continued growth," said Muhtar Kent,
President, Coca-Cola International. "We are also
grateful to Kerry for its future support of our long-term
commitment to China and look forward to continued
cooperation," he concluded.
"It has been a productive and successful
partnership with Coca-Cola. With the change in the
shareholding structure, we will be focusing on our core
business areas, while The Coca-Cola Company will continue
to grow the thriving operations in China." said Thomas
Lui, Managing Director of KBL.
After the transaction, the Bottling Investments Group,
Coca-Cola's dedicated function to manage its bottling
operations, will lead the management of KBL. The existing
management team of KBL will continue to play a critical
role to ensure a smooth operation of the bottling
operations.
For more information, please contact:
Ms Brenda Lee
Coca-Cola China
Tel: +852-3195-5796
SOURCE Coca-Cola Company
2007'02.10.Sat
SmartPay Launches Mobile Airline E-Ticketing in Chongqing
August 29, 2006
-- Cooperation between SmartPay and Run Feng allows mobile customers to purchase airline e-tickets via SMS and IVR
SHANGHAI, China, Aug. 29 /Xinhua-PRNewswire/ --
Shanghai SmartPay Jieyin Ltd ("SmartPay"), a
leader in electronic payment systems, and Chongqing Run
Feng Airlines Services Co., Ltd. ("Run Feng"),
the biggest airline ticketing agent in Chongqing, recently
announced the launch of mobile airline e-ticketing for
customers in the Chongqing region.
SmartPay and Run Feng's service allows customers to
purchase airline e-tickets by sending a simple SMS or IVR
instruction. With the movement toward nationwide airline
e-ticketing in China, and Run Feng's leadership in the
south west region, the joint cooperation is a key example
of how SmartPay works with leading merchants to innovate
and launch new payment methods.
SmartPay has launched the service building upon its
extensive network of relationships with banks and mobile
operators in the region. Run Feng processes over RMB 200
million worth of air tickets annually.
For more information, please contact:
Janet Yu
Executive Assistant,
Shanghai SmartPay Jieyin Co.,Ltd
Tel: +86-21-5385-5299
Fax: +86-21-5385-5320
Email: janet.yu@smartpay.com.cn
SOURCE Shanghai SmartPay Jieyin Co.,Ltd
2007'02.10.Sat
Alibaba.com Reduces Sourcing Cycle Time by Seventy-Five Percent According to New Survey
August 29, 2006
Online Sourcing `Comes of Age' as Alibaba.com Allows Buyers to Cut Sourcing Costs and Achieve Fast Time-to-Market
NEWARK, Calif. and HANGZHOU, China, Aug. 29
/Xinhua-PRNewswire/ -- Sourcing online through Alibaba.com
can cut the normal sourcing cycle by 75 percent, according
to a new survey released at MAGIC 2006 by the world's
largest online B2B marketplace for global trade.
Alibaba.com members say it takes about three weeks to find
the right trading partner and negotiate a deal through the
Web site, compared to the average sourcing cycle of 3.3 to
4.2 months(1).
(1) According to the Aberdeen Group
The survey found that 56 percent of Alibaba.com members
take two to four weeks to negotiate the terms of a purchase
or sale from first contact to finalized contract agreement,
while 17 percent say it takes them no more than a week. The
survey was conducted from June 19 to July 9, 2006, and
included responses from more than 1,100 Alibaba.com
members.
"Online sourcing has finally come of age.
Alibaba.com has become the number one destination for
sourcing professionals and entrepreneurs because it is the
simplest and most efficient way to find quality suppliers
and products," said Porter Erisman, Alibaba.com's Vice
President for International Marketing and Business
Development. "We reduce the sourcing time by bridging
geographies and time zones and putting thousands of products
and suppliers in one easy-to-use location."
"Many companies are also leveraging the
convenience of the Internet to set up physical meetings at
tradeshows with buyers or suppliers they have met on our
site," added Mr. Erisman. "This is a powerful
example of how trade show organizers and online
marketplaces can work together to serve buyers and
suppliers, and grow both their respective
businesses."
Research shows that the discovery phase -- when buyers
search for sellers -- is the most time consuming and costly
phase of the sourcing cycle. Online marketplaces like
Alibaba.com can reduce the time required for the discovery
phase significantly by providing information on products
and suppliers from around the world 24 hours a day, 7 days
a week, 365 days a year. In 2001, the Aberdeen Group
predicted that on a global basis businesses could save
approximately $1.7 trillion by deploying effective
e-sourcing strategies. Five years later, with the
emergence of Alibaba.com, these savings are becoming a
reality.
"In the world of fashion sourcing, I think of
Alibaba.com as a much, much better version of the Yellow
Pages -- one where you let your fingers do the walking and
talking," said Richard Price, President of SMU, a Los
Angeles, CA-based import and export company for the apparel
industry. "What used to take weeks and months to
source, literally now takes minutes and hours through
Alibaba.com."
Alexa.com, an independent provider of Web site traffic
statistics, ranks Alibaba.com as the most popular global
site in the categories of e-Commerce and International
Business and Trade. More than 500,000 people visit
Alibaba.com every day, most of them global buyers and
importers looking to find and trade with sellers in China,
and other major manufacturing countries. Alibaba.com has
more than two million registered users from over 200
countries and territories.
About Alibaba.com Corporation
Alibaba.com is a global e-commerce powerhouse, and the
largest e-commerce company in China. The company operates
several e-commerce platforms that connect individuals and
businesses from China, and around the world. Alibaba.com
makes doing business easy, and even fun, enabling an
interactive community of millions to meet, chat, search for
products and trade online.
The company's five businesses include: Alibaba
International (alibaba.com), the world's largest online B2B
marketplace for global trade; Alibaba China
(alibaba.com.cn), the largest online small- and
medium-sized enterprise community in China; Taobao
(taobao.com), Asia's largest consumer e-commerce website;
AliPay, China's leading online payment service; and Yahoo!
China (yahoo.com.cn), a leading search engine and portal,
acquired from Yahoo! Inc. in October 2005. For more
information, please visit http://www.alibaba.com .
For more information, please contact:
Bruce Shu
Citigate Dewe Rogerson
Tel: +852-2533-4607
Mobile: +852-9132-2906
Email: bruce.shu@citigatedr-hk.com
Sandy George
Citigate Cunningham
Tel: +1-617-374-4210
Mobile: +1-617-413-6126
Email: sgeorge@citigatecunningham.com
SOURCE Alibaba.com
2007'02.10.Sat
Xinhua FTSE Index responds to lawsuit filed by SSE INFONET LTD
August 28, 2006
BEIJING, China, Aug. 28 /Xinhua-PRNewswire/ -- In
response to SSE INFONET LTD's lawsuit against Xinhua FTSE
Index (XFI) in connection with the Xinhua/FTSE China A50
Index, the company stated the following:
-- Xinhua FTSE Index intends to vigorously defend this
lawsuit, which it
believes to be without merit. We do not expect the
claims will have
any impact on our operations and we are committed to
continue the
calculation of Xinhua/FTSE China A50 Index.
-- XFI remains committed to its mission of bringing
international
standards and practices to China and facilitating
the growth of China's
financial markets by providing the most relevant
investment tools.
For more information, please contact:
Xinhua FTSE Index (Beijing):
Jean Li
Tel: +86-10-5864-5276
Email: Jean.li@xinhuaftse.com
FTSE HK:
Meredith Blakemore
Tel: +852-2230-5801
Email: Meredith.Blackmore@ftse.com
FTSE London:
Sandra Steel
Tel: +44-207-866-1821
Email: Sandra.Steel@ftse.com
SOURCE Xinhua FTSE Index
2007'02.10.Sat
Religions For Peace World Assembly Endorses Declaration on Violence Against Children
August 28, 2006
KYOTO, Japan, Aug. 28 /Xinhua-PRNewswire/ -- Delegates
of the Religions for Peace Eighth World Assembly today
endorsed the Declaration on Violence against Children,
which commits religious communities to confront violence
against children and protect children in their
communities.
The Declaration will be presented to the United Nations
and member governments when they receive the Study on
Violence Against Children report due to be released and
presented to the United Nations General Assembly on 11
October 2006.
The endorsed Declaration states, "We find strong
consensus across our religious traditions about the
inherent dignity of every person, including children. This
requires that we reject all forms of violence against
children, and protect and promote the sanctity of life in
every stage of a child's development ... We believe that
religious communities must be part of the solution to
eradicating violence against children, and we commit
ourselves to take leadership in our religious communities
and the broader society."
The Declaration was developed during a global
consultation convened by UNICEF and Religions for Peace in
May 2006 in Toledo, Spain. Almost 50 representatives from
30 countries and many different religions submitted an
agreed set of recommendations to the report, developed
commitments for actions by religious communities, and
drafted the declaration that was formally adopted today.
James Cairns, Director of the Advocacy and Action for
Children program at Religions for Peace, said,
"Religious communities are uniquely positioned to
apply their areas of strength to confront and prevent
violence against children. These areas include
consciousness raising, the empowerment of children, and
inter- and intra- faith actions. For example, religious
communities, working with adults, can promote and
strengthen non-violent approaches to child-rearing."
Through the partnership with UNICEF, Religions for
Peace has been able to offer a spiritual, religious and
human values perspective to the UN Study on Violence
against Children. Ann M. Veneman, UNICEF Executive
Director said, "UNICEF has a long history of working
with religious communities across the globe. Their moral
authority and their vast constituencies make them uniquely
powerful allies for children. This Declaration is a
rallying call for religious groups to unite around this
common cause: the protection of children from violence of
all kinds." The two organizations will continue to
work closely together to assist religious communities in
effectively addressing violence against children.
The Religions for Peace Eighth World Assembly convenes
more than 800 senior religious leaders from every region of
the world and all major faith traditions to address the
power of religious communities to confront violence and
advance shared security. Assembly delegates come from the
Religions for Peace network of more than seventy national
and regional affiliated inter-religious councils and
groups.
For 60 years UNICEF has been the world's leader for
children, working on the ground in 156 countries and
territories to help children survive and thrive, from early
childhood through adolescence. The world's largest provider
of vaccines for developing countries, UNICEF supports child
health and nutrition, good water and sanitation, quality
basic education for all boys and girls, and the protection
of children from violence, exploitation, and AIDS. UNICEF
is funded entirely by the voluntary contributions of
individuals, businesses, foundations and governments.
For more information, please contact:
Laurel Hart, Religions for Peace
Tel: +080-3479-2292 (Japan, through 8/29)
Tel: +1-212-687-2163
Email: lhart@wcrp.org
Angela Hawke, UNICEF New York
Tel: +1-212-326-7269
Email: ahawke@unicef.org
SOURCE Religions for Peace
2007'02.10.Sat
Analysys International Says China's Online Advertising Market Will Reach RMB 4.39 Billion in 2006
August 28, 2006
BEIJING, China, Aug. 28 /Xinhua-PRNewswire/ -- Analysys
International, a leading Internet based provider of business
information about technology, media and telecom (TMT)
industries in China, says in its recently released report
"China Online Advertising Market Annual Report
2006", that China's online advertising market will
reach RMB 4.39 billion for the full year 2006, increasing
35.9% year over year. Search engine advertising market will
account for 32.37% of the total market.
According to the report, China's online advertising
market size reached RMB 3.23 billion in 2005, increasing
59.83% year over year. Sina, Sohu, Baidu and Yahoo! China
were the top 4 online advertising vendors, with annual
revenues exceeding RMB 300 million, accounting for 59.62%
of the total market. In the first half of 2006, China's
online advertising market reached RMB 2.1 billion.
(
http://english.analysys.com.cn/admin/images/1473_1.jpg )
In the first half of 2006, Baidu strengthened market
expansion and further increased its market share from 9.51%
in 2005 to 15.37%. Google China and Tencent also increased
their market share by 1.1% and 0.78% respectively, reaching
4.82% and 4.25%. Yahoo's market share in China decreased
from 9.48% in 2005 to 8.08% in the first half of 2006.
Netease decreased from 7.41% in 2005 to 6.2% in the first
half of 2006. Search engine operators' further improved
their position in online advertising market.
Affected by policy adjustment from mobile operators and
the government, Internet firms whose revenues mainly came
from mobile value-added services (VAS), including Sina,
Sohu, Tom Online, etc., will all increase spending on
online advertising as an important business growth point.
Analysys International forecasts China's online advertising
market will reach RMB 4.39 billion for the full year 2006,
representing an increase of 35.9% year over year. Search
engine advertising will account for 32.37% of the total
advertising market in 2006.
This subject is further discussed in Analysys
International's research report "China Online
Advertising Market Annual Report 2006". For more
information, please check the website:
http://english.analysys.com.cn .
About Analysys International
Analysys International is the leading Internet based
provider of business information about technology, media
and telecom (TMT) industries in China with the mission to
help their clients make better business decisions. They
provide data, information and advice to 50,000 clients
worldwide, representing 1,500 distinct organizations; they
also deliver over 150 consulting engagements a year, and
hold more than 20 events that draw in over 8,000 attendees.
Their clients include executives from companies like
technology vendors, vertical information technology users,
as well as professionals from professional service
companies, the investment community and government
agencies. For more information, please visit the website at
http://english.analysys.com.cn .
For more information, please contact:
Jessica Wang
Overseas Media Manager
Analysys International
Tel: +86-10-6466-6565 x394
Fax: +86-10-6466-7102/7103
Email: jessica_wang@analysys.com.cn
SOURCE Analysys International
2007'02.10.Sat
Sunrise Real Estate Group, Inc. Reports Significant Increase in Second Quarter Earnings
August 28, 2006
SHANGHAI, China, Aug. 28 /Xinhua-PRNewswire/ -- Sunrise Real Estate Group, Inc. (OTC Bulletin Board: SRRE; website: http://www.sunrise.sh ) reported significant increase in revenues and net income for Second Quarter, 2006. Net revenues for Second Quarter, 2006 were $5,354,935; this is a 127% increase over revenues reported for the same period last year ($2,363,709). Net income of the Second Quarter this year was $2,055,302, or a 263% increase over revenues reported for the same quarter last year ($565,558). The following are the key financial highlights for Six Months ending June 30, 2006, from the Company's 10-QSB filed with the Securities and Exchange Commission (SEC) on August 17, 2006. -- Six Months, 2006 Net Revenues increased 135% to $9.95 million from $4.23 million in 2005. -- Six Months, 2006 Gross Profit increased 114% to $6.35 million from $2.97 million in 2005. -- Six Months, 2006 Net Income increased 218% to $3.37 million from $1.06 million in 2005. -- Six Months, 2006, Earnings Per Share to $0.15 per share from $0.05 per share in 2005. Revenues from co-investment operations account for 75% of total net revenues for Six Month, 2006. Kevin Lin, (Lin Chi-Jung), Chairman & CEO of Sunrise stated: "We entered into co-investment operations in 2004. This has been a significant strategic expansion of our business." Forward Looking Statements The common stock of Sunrise Real Estate Group, Inc. is quoted and traded on the OTC Bulletin Board under the trading symbol "SRRE". This press release contains forward-looking information within the meaning of section 29A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forwarding-looking statements include statements concerning plans, objectives, goals, strategies, future events or performances and underlying assumption and other statements, which are other than statements of historical facts. Certain statements contained herein are forward-looking statements and, accordingly, involve risks and uncertainties, which could cause actual results, or outcomes to differ materially from those expressed in the forward-looking statements. The Company's expectations, beliefs and projections are expressed in good faith and are believed by the Company to have a reasonable basis, including without limitations, management's examination of historical operating trends, data contained in the Company's records and other data available from third parties, but there can be no assurance that management's expectations, beliefs or projections will result, or be achieved, or accomplished. For more information, please contact: Vivian Zhang, Sunrise Real Estate Group, Inc. Tel: +86-21-6422-0505 x840 Email: ir@sunrise-sh.net Web: http://www.sunrise.sh SOURCE Sunrise Real Estate Group, Inc.
2007'02.10.Sat
Guotai Adopts Xinhua FTSE Blue Chip Value 100 Index for its Blue Chip Value Composite Fund
August 28, 2006
BEIJING, China, Aug. 28 /Xinhua-PRNewswire/ -- Xinhua
FTSE Index (XFI), the leading China index provider, and
Guotai Asset Management Co., Ltd. (Guotai) today jointly
announced that Guotai will adopt Xinhua FTSE Blue Chip
Value 100 Index for the management of its
soon-to-be-launched Guotai Jinpeng Blue Chip Value
Composite Fund.
Guotai Jinpeng Blue Chip Value Composite Fund will be
available for subscription from August 28, 2006 to
September 27, 2006. The fund is designated to have 35%-95%
exposure to equity investment with the remainder
(approximately 0-60%) in bonds and other securities. Its
equity portfolio will be managed by a core-satellite
investment strategy. The core portion, to represent at
least 80% of the equity investment, is optimized through
selection of the core pool of stocks constituting the
Xinhua FTSE Blue Chip Value 100 Index, or those on the
index's reserve list. The satellite portion will be
invested in other high growth equities out of the core pool
to gain excess returns, seizing any favourable investment
opportunities arising from the business cycle and following
a bottom-up strategy through active management.
By selecting from among the constituents of the Xinhua
FTSE Blue Chip Value 100 Index, Guotai Jinpeng Blue Chip
Value Composite Fund enhances its transparency, lowers its
management costs and maintains a steady-growth investment
style.
Launched in June 2006, the Xinhua FTSE Blue Chip Value
100 Index applies XFI's vision and world-class expertise in
index construction to the particular characteristics of the
Chinese equity investment environment. The new index
selects the companies with highest value ranking from the
Xinhua FTSE 200 Index, based on four fundamental factors
(Book to Price, Sales to Price, Dividend Yield and Cash
Flow to Price). Covering seventeen industries in total, the
top constituents of the index include Bank of China, Daqin
Railway, Baoshan Iron & Steel, China Petroleum &
Chemical and China Vanke.
"We are delighted to employ Xinhua FTSE Index's
expertise in the creation of this pioneering fund - China's
first style fund," said Li Chun-ping, General Manager
of Guotai Fund. "The Xinhua FTSE Blue Chip Value 100
index is independently-developed by China's foremost index
provider, based upon an internationally-recognized
methodology, and screened accordingly to world-standard
value factors. Given the superior risk-return ratio and
high liquidity that this index allows, Guotai expects to
provide investors with maximized returns through this
innovative product."
XFI Co-Chairpersons, Fredy Bush, also CEO of Xinhua
Finance, and Mr. Mark Makepeace, also CEO of FTSE Group,
stated," Xinhua FTSE Index is committed to developing
the indices which are most relevant to investors. The
adoption of the XFI index by Guotai is further evidence
that we are well-positioned to accommodate a diverse set of
investment mandates."
Combining FTSE Group's innovativeness and Xinhua
Finance's unsurpassed local knowledge, Xinhua FTSE Index is
committed to providing the most reliable and sophisticated
investment tools for the Chinese market. The first index
fund to cover the dual Shanghai and Shenzhen exchanges, the
first umbrella fund and the first core-satellite fund in
China are all based upon Xinhua FTSE indices. XFI indices
also serve as the basis for ETFs, derivatives and other
structured products traded in nearly every major market
worldwide.
China's first licensed fund management company, Guotai
specializes in setting up and managing all types of
securities investment funds and is entrusted to manage
social security fund portfolios. The company will also
extend its service to asset management, including corporate
annuity, wealth management, etc. It offers a full range of
open-end fund products, consisting of growth equity funds,
value equity funds, balanced funds, capital guaranteed
funds, bond funds and money market funds, to meet various
investment demands.
For more information about the Xinhua FTSE Blue Chip
Value 100 index, please visit: http://www.xinhuaftse.com .
For further information of Guotai Jinpeng Blue Chip Value
Composite Fund, please visit http://www.gtfund.com .
Notes to Editors:
About FTSE/Xinhua Index
Established in late 2000, FTSE/Xinhua Index (FXI), a
joint venture between Xinhua Finance Limited and FTSE, came
into being to facilitate the creation of real-time indices
for the Chinese market. The indices can be used as a basis
for the trading of derivatives, index-tracking funds,
Exchange Traded Funds and as performance benchmarks. The
combination of FTSE's expertise in international indexing
with Xinhua Finance's strong presence and capabilities in
China creates a level of expertise in the Chinese market
that is unprecedented. Providing the combined coverage for
the Shanghai and Shenzhen exchanges, all of the FTSE/Xinhua
indices are designed according to internationally proven
index methodology to ensure products are transparent, clear
and consistent. For daily data and further information,
please visit http://www.ftsexinhua.com .
About Guotai Asset Management Co., Ltd
Guotai Asset Management Co., Ltd. (Guotai) is China's
first licensed fund management company with establishment
on March 5, 1998. Headquartered in Shanghai, it has
registered capital amounting to RMB 110 million. Guotai
specializes in setting up and managing all types of
securities investment funds and is entrusted to manage
social security fund portfolios. The company will also
extend its service to asset management, including corporate
annuity, wealth management, etc. At present, under Guotai's
management are four closed-end funds and six open-end
funds. Meanwhile, as the investment manager of China's
Social Security Fund, Guotai is entrusted to manage its
equity portfolios. As of June 30, 2006, assets under
Guotai's management exceeded RMB 15 billion.
For more information, please contact:
Beijing
Catherine Song,
Xinhua FTSE Beijing office
Tel: +86-10-5864-5275
Email: catherine.song@xinhuafinance.com
Liu Shiqiang,
Guotai Fund,
Tel: +86-21-2306-0327
Email: service@gtfund.com
Hong Kong
Joy Tsang,
Xinhua Finance
Tel: +852-3196-3983 / +86-21-6113-5999
Email: joy.tsang@xinhuafinance.com
SOURCE Xinhua FTSE Index
2007'02.10.Sat
Faith in Action: New Tools Aid Religious Communities to End Poverty
August 28, 2006
-- Tools Address UN Millennium Development Goals
KYOTO, Japan, Aug. 28 /Xinhua-PRNewswire/ -- Religions
for Peace and the Millennium Campaign today launched a
resource toolkit to help religious communities advocate for
the Millennium Development Goals (MDGs). Dr. William F.
Vendley, Secretary General of Religions for Peace, and
Salil Shetty, Director of the Millennium Campaign,
introduced the initiative at the Religions for Peace World
Assembly.
"Religious communities working together hold a
vital key to the achievement of the MDGs," said Dr.
Vendley. "To remain silent while poverty kills so many
violates the fundamental teachings overwhelmingly shared by
the world's religions. By taking action together, the
world's religious leaders can help eliminate
poverty."
Contained in the UN Millennium Declaration signed by
189 nations, the eight MDGs to be achieved by 2015 include:
eradicating extreme poverty, achieving universal primary
education, promoting gender equality, reducing child
mortality and hunger, and combating HIV/AIDS and other
diseases.
The new resource is designed to assist religious
communities in raising awareness, advocating, training and
conducting outreach to achieve the MDGs. The toolkit will
be available in English, French, Spanish and Arabic; and
distributed and used by the Religions for Peace global
network of more than seventy national and regional
affiliated inter-religious councils and groups.
"The Religions for Peace World Assembly culminates
a long standing commitment of the world's faith leaders to
making the Millennium Development Goals a reality. The
launch of the MDG Toolkit offers a practical guidebook
moving forward and underlines this commitment," said
Mr. Shetty. "The moral power of faith leaders is vital
in reminding governments to keep their promise to the
Millennium Goals."
The Religions for Peace Eighth World Assembly convenes
more than 800 senior religious leaders from every region of
the world and all major faith traditions. Founded in 1970,
Religions for Peace is now the largest coalition of the
world's religious communities.
The Millennium Campaign informs, inspires and
encourages people's involvement and action for the
realization of the Millennium Development Goals. An
initiative of the United Nations, the Campaign supports
citizens' efforts to hold their government to account for
the Millennium promise.
For more information, please contact:
Religions for Peace
Laurel Hart
Tel: +080-3479-2292 Japan, through 8/29
Tel: +1-212-687-2163
Email: lhart@wcrp.org
UNDP (Asia)
Mr Ajit Sahi
Tel: +91-11-4145-0381
Email: ajit.sahi@undp.org
UNDP Global
Mandy Kibel
Tel: +1-212-906-6242
Email: amanda.kibel@undp.org
Anand Kantaria
Tel: +1-212-906-6783
Email: anand.kantaria@undp.org
SOURCE Religions for Peace
2007'02.10.Sat
World Religious Leaders Reject Violence and 'Hijacking of Religion' at Religions for Peace World Assembly
August 28, 2006
-- Assembly Convenes 800 Religious Leaders from all Major Faith Traditions
-- Assembly Brings Together Religious Leaders from Zones of Conflict
-- Assembly Brings Together Religious Leaders from Zones of Conflict
KYOTO, Japan, Aug. 28 /Xinhua-PRNewswire/ -- More than
800 senior religious leaders from every region of the world
and all major faith traditions are convening today to reject
violence and the "hijacking of religion" at the
Religions for Peace World Assembly in Kyoto, Japan.
Japanese Prime Minister Junichiro Koizumi will welcome the
religious leaders at the Assembly opening ceremony today.
"The Religions for Peace World Assembly is a
unique opportunity for religious leaders of all faith
traditions to come together to reject the hijacking of
religion," said Dr. William F. Vendley, Secretary
General of Religions for Peace. "Whenever extremists
attempt to hijack religion for violent ends, whenever
politicians seek to exploit sectarian differences, and
whenever the press mischaracterizes our faith traditions,
people of faith, religious communities and religious
leaders must stand up, speak out and take action. Religious
communities are gathering at a critical time because
religion has been hijacked by extremists, politicians and
the media."
In his message to the Religions for Peace Assembly, UN
Secretary General Kofi Annan wrote, "By standing
together in multi-religious alliances, you are well-placed
to be effective agents for peace. By cooperating within the
Religions for Peace networks, your effort is multiplied, and
your impact in your communities magnified."
The Religions for Peace Eighth World Assembly (August
26-29, 2006, Kyoto, Japan) is the world's largest and most
diverse multi-religious assembly. Delegates come from the
Religions for Peace network of more than 70 national and
regional affiliated inter-religious councils and groups,
and include Buddhist, Christian, Hindu, Jain, Jewish,
Muslim, Sikh, Shinto, Zoroastrian and Indigenous leaders.
Guests include representatives of governments, development
agencies and civil society. Assembly participants include:
-- HE Mohammad Khatami, Former President of Iran;
-- Ms. Ann Veneman, Executive Director, UNICEF;
-- HE Kjell Magne Bondevik, Former Prime Minister of
Norway;
-- HE Cardinal Julio Terrazas, Archbishop of Santa
Cruz, Bolivia;
-- HRH Prince El Hassan bin Talal of Jordan, Moderator,
Religions for Peace; and
-- Chief Rabbi David Rosen, President, International
Jewish Committee for Inter-religious Consultations,
Israel.
The Assembly brings together religious leaders from
zones of conflict -- among them Palestine, Israel, Iraq,
Lebanon, the Congo and Sudan -- to begin the process of
healing by finding common moral ground to end the violence
that is taking place in religion's name. The Assembly, for
example, provides an opportunity for meaningful discussion
of common concerns among Iraqi Shia, Sunni and Christian
religious leaders.
The Assembly will articulate a new vision of
"shared security" in which religious communities
play a central role. Assembly participants will also build
partnerships among religious communities and between
religious communities and other groups to combat chronic
poverty, hunger and disease.
Assembly participants will share the concrete
experiences of religious communities transforming conflict,
building peace and advancing sustainable development. For
example, 690 faith-based organizations in six African
countries collectively have assisted over 150,000 orphans
and vulnerable children impacted by HIV/AIDS.
The Religions for Peace Eighth World Assembly returns
to Kyoto, site of the historic first World Assembly of
Religions for Peace in 1970. Since then, Religions for
Peace World Assemblies in Louvain, Belgium (1974),
Princeton, New Jersey, USA (1979), Nairobi, Kenya (1984),
Melbourne, Australia (1989), Rome, Italy (1994) and Amman,
Jordan (1999), have brought the world's religious
communities together to address the critical global
challenges of our time from a faith perspective.
Religions for Peace, a global network of
inter-religious councils and affiliated groups, harnesses
the power of cooperation among the world's religious
communities to transform conflict, build peace, and advance
sustainable development. Founded in 1970 as an
international, non-sectarian organization, Religions for
Peace is now the largest coalition of the world's religious
communities.
For more information, please contact:
Laurel Hart
Religions for Peace
Tel: +080-3479-2292 (Japan, through 8/29)
Tel: +1-212-687-2163
Email: lhart@wcrp.org
Web: http://www.religionsforpeace.org
Kim Assalone
Brodeur for Religions for Peace
Tel: +1-212-771-3632
Email: kassalone@brodeur.com
Web: http://www.religionsforpeace.org
SOURCE Religions for Peace
2007'02.10.Sat
Analysys International Says China's Online Recruitment Market Reached RMB 160.9 Million in Q2 2006
August 25, 2006
BEIJING, Aug. 25 /Xinhua-PRNewswire/ -- Analysys
International, a leading Internet based provider of
business information about technology, media and telecom
(TMT) industries in China, says in its recently released
report "China Online Recruitment Market Quarterly
Tracker Q2 2006", that China's online recruitment
market reached RMB 160.9 million in the second quarter of
2006, increasing 8.44% quarter over quarter.
According to the report, in the second quarter of 2006,
online recruitment revenues from nationwide recruitment
websites accounted for 76.4% of the total online
recruitment market in China, and revenues from provincial
websites accounted for 19.3% of the total market.
As the entire market size expands, online recruitment
service providers began to emphasize on mobile Internet
applications and provided SMS services. China's rapid
growing working population brings huge development
potential for online recruitment market. Overseas venture
capitals are also giving attention to this market.
Analysys International says those vendors who can
provide individualized services will be able to take the
lead in charging service fees from users. More and more
online recruitment websites have strengthened local market
development.
Online service and offline promotion have become a
major profit pattern of online recruitment business. As
online recruitment industry develops, the market will
gradually be segmented. Industry-based specialized services
will be more and more favoured by users.
This subject is further discussed in Analysys
International's research report "China Online
Recruitment Market Quarterly Tracker Q2 2006". For
more information, please check the website:
http://english.analysys.com.cn .
About Analysys International
Analysys International is the leading Internet based
provider of business information about technology, media
and telecom (TMT) industries in China with the mission to
help their clients make better business decisions. They
provide data, information and advice to 50,000 clients
worldwide, representing 1,500 distinct organizations; they
also deliver over 150 consulting engagements a year, and
hold more than 20 events that draw in over 8,000 attendees.
Their clients include executives from companies like
technology vendors, vertical information technology users,
as well as professionals from professional service
companies, the investment community and government
agencies. For more information, please visit the website at
http://english.analysys.com.cn .
For more information, please contact:
Jessica Wang
Overseas Media Manager
Analysys International
Tel: +86-10-6466-6565 x394
Fax: +86-10-6466-7102/7103
Email: jessica_wang@analysys.com.cn
SOURCE Analysys International
2007'02.10.Sat
Great Success of Gemalto's Public Exchange Offer for Gemplus Shares
August 25, 2006
Gemalto N.V. holds 94.56% of the share capital of Gemplus International S.A.
AMSTERDAM, Netherlands and LUXEMBOURG, Aug. 25
/Xinhua-PRNewswire/ -- Gemalto N.V. (Euronext NL0000400653
- GTO) and Gemplus International S.A. (Euronext LU012170694
- GEM and Nasdaq: GEMP) announce today that following to the
public exchange offer by Gemalto N.V. for the Gemplus
International S.A. shares and warrant, 324,481,977 shares
have been tendered to the offer, representing 94.56% of the
share capital and 94.68% of the voting rights of Gemplus
International S.A., as well as the warrant issued by
Gemplus International S.A.
Gemalto N.V. holds more than two thirds of the share
capital and voting rights of Gemplus International S.A. as
a result of the Offer, hence it will propose the reopening
of the Offer pursuant to article 232-4 of the Reglement
general of the French Autorite des marches financiers. This
reopening will enable the shareholders to tender their
shares in the same conditions. The schedule for this
operation will be communicated as soon as possible, and at
the latest on September 8, 2006.
Olivier Piou, CEO of Gemalto N.V., commented: "The
result of the offer is a great success. It marks once more
our shareholders interest in the creation of a world leader
in digital security: Gemalto."
The 25,958,559 new shares corresponding to this
exchange will be issued and registered on the Eurolist of
Euronext Paris on August 30, 2006. These new shares to be
issued will be added to the 62,563,539 already existing
shares. The number of Gemalto N.V. shares will be
88,522,098.
The Gemalto N.V. securities referred to herein which
will be issued in connection with the public exchange offer
by Gemalto N.V. for the Gemplus International S.A. shares
and its reopening have not been (and are not intended to
be) registered under the United States Securities Act of
1933, as amended, (the "Securities Act") and may
not be offered or sold, directly or indirectly, into the
United States except pursuant to an applicable exemption.
The Gemalto N.V. securities have been made and will be made
available within the United States in connection with the
Offer pursuant to an exemption from the registration
requirements of the Securities Act.
The public exchange offer and its reopening relate to
the securities of a non-US company, which is subject to
disclosure requirements of a foreign country that are
different from those of the United States. Financial
statements presented have been prepared in accordance with
foreign accounting standards that may not be comparable to
the financial statements of United States companies.
It may be difficult for an investor to enforce its
rights and any claim it may have arising under U.S. federal
securities laws, since Gemalto N.V. and Gemplus
International S.A. have their corporate headquarters
outside of the United States, and some or all of their
officers and directors may be residents of foreign
countries. An investor may not be able to sue a foreign
company or its officers or directors in a foreign court for
violations of the U.S. securities laws. It may be difficult
to compel a foreign company and its affiliates to subject
themselves to a U.S. court's judgment.
This release does not constitute an offer to purchase
or exchange or the solicitation of an offer to sell or
exchange any securities of Gemalto N.V. or an offer to
sell or exchange or the solicitation of an offer to buy or
exchange any securities of Gemplus International S.A.
The Offer and its reopening described herein are not
(and are not intended to be made), directly or indirectly,
in or into the United Kingdom, Italy, the Netherlands,
Canada or Japan or in or into any other jurisdiction in
which such offer would be unlawful prior to the
registration or qualification under the laws of such
jurisdiction. Accordingly, persons who come into possession
of this release should inform themselves of and observe
these restrictions.
Gemplus International S.A. securityholders are strongly
advised to read the offering circular relating to the
exchange offer and related exchange offer materials
regarding the transaction, as well as any amendments and
supplements to those documents, relating to the combination
to which the present release refers, because they contain
important information.
An offering document for the public exchange offer for
the Gemplus International S.A. shares has been filed with
the French stock exchange authority (Autorite des marches
financiers "AMF") and received the admissibility
number 06-252 on July 6, 2006. Copies of the free English
translation of the joint French language offering document
and of the documents incorporated by reference thereto
(i.e. 2 listing prospectuses of the Gemalto N.V. shares
approved by the Dutch stock exchange authority (Autoriteit
Financiele Markten) on June 30, 2006, for which an approval
certificate has been received by the AMF on the same date)
are available from the Internet websites of Gemalto N.V. (
http://www.gemalto.com ) and of Gemplus International S.A.
( http://www.gemplus.com ) as well as free of charge upon
request to the following: Gemalto N.V.: Koningsgracht
Gebouw 1, Joop Geesinkweg 541-542, 1096 AX Amsterdam, the
Netherlands; Gemplus International S.A.: 46A, avenue J.F.
Kennedy, L-1855 Luxembourg, Grand Duchy of Luxembourg;
Mellon Investor Services LLC, U.S. Exchange Agent: 480
Washington Boulevard, Attn: Information Agent Group,AIM #
074-2800, Jersey City, New Jersey 07310, Call Toll Free:
1-866-768-4951.
About Gemalto
Gemalto N.V. (Euronext NL 0000400653 GTO) is a leader
in digital security with pro forma 2005 annual revenues of
$2.2 billion (Euro 1.7 billion), operations in 120
countries and 11,000 employees including 1,500 R&D
engineers. The company's solutions make personal digital
interactions secure and easy in a world where everything of
value -- from money to identities -- is represented as
information communicated over networks.
Gemalto N.V. thrives on creating and deploying secure
platforms, portable and secure forms of software in highly
personal objects like smart cards, SIMs, e-passports,
readers and tokens. More than a billion people worldwide
use the company's products and services for various
applications, including telecommunications, banking,
e-government, identity management, multimedia digital right
management, IT security and other applications. Gemalto N.V.
was formed in June 2006 by the combination of Axalto Holding
N.V. and Gemplus International S.A.
For more information please visit
http://www.gemalto.com .
For more information, please contact:
Corporate Media Relations
Emmanuelle SABY
Mobile: +33-6-09-10-76-10
Email: emmanuelle.saby@gemalto.com
Investors Relations
Stephane BISSEUIL
Tel: +33-1-55-01-50-97
Email: stephane.bisseuil@gemalto.com
Gemplus
Investors Relations
Celine Berthier
Tel: +41-22-544-5054
Email: celine.berthier@gemplus.com
Corporate communication
Remi CALVET
Mobile: +33-6-22-72-81-58
Email: remi.calvet@gemalto.com
TBWA/CORPORATE
Emlyn KORENGOLD
Tel: +33-1-49-09-66-51
Email: emlyn.korenglod@tbwa-corporate.com
SOURCE Gemalto N.V.
2007'02.10.Sat
WuXi PharmaTech Broadens its Trademark Protection
August 25, 2006
SHANGHAI, China, Aug. 25 /Xinhua-PRNewswire/ -- WuXi
PharmaTech -- a leading provider of pharmaceutical R&D
services in China announced today that it has obtained two
additional trademark registration certificates -- "Yao
Ming Kang De" (Class 40), the Chinese name for WuXi
PharmaTech, and "P" (Class 40) issued by the
Chinese Trademark Office. This follows two trademark
registration certificates, "Yao Ming Kang De"
(Class 5) and "P" (Class 5), obtained in June
2006(1). (Please visit
http://www.pharmatechs.com/newsmore.asp?newsid=88 .)
(1) CLASS 5 (Pharmaceuticals), Pertains to
pharmaceutical, veterinary and
sanitary preparations; dietetic substances adapted
for medical use,
food for babies; plasters, materials for
dressings; material for
stopping teeth, dental wax; disinfectants;
preparations for destroying
vermin; fungicides, herbicides. This class
includes mainly
pharmaceuticals and other preparations for medical
purposes.
CLASS 40 (Treatment of materials), This class
includes mainly services
not included in other classes, rendered by the
mechanical or chemical
processing or transformation of objects or
inorganic or organic
substances.
(Logo:
http://www.newscom.com/cgi-bin/prnh/20040705/CNM002LOGO )
In order to better protect the identity of the company,
service portfolio, and the rights of its customers, WuXi
PharmaTech applied in 2003 for trademark registration of
both the Chinese and English company name.
"Intellectual property is a pharmaceutical
company's most valuable asset, and IP protection is
essential to the success of China's pharmaceutical and
pharmaceutical outsourcing industry. As a strict defender
of IP rights, WuXi PharmaTech continues to strive to
protect its partners by persistently raising the bar for IP
standards in China," said Dr. Ge Li, Chairman and CEO
of WuXi PharmaTech.
For more information, please contact:
Sherry Shao
Tel: +86-21-5046-4002
Email: shao_yuyang@pharmatechs.com
SOURCE WuXi PharmaTech Co., Ltd.
2007'02.10.Sat
Boehringer Ingelheim and IdeaSphere Announce Acquisition Deal
August 25, 2006
Pharmaton business will be taken over by the American health care specialist
INGELHEIM, Germany, NEW YORK and LUGANO, Switzerland,
Aug. 25 /Xinhua-PRNewswire/ -- Boehringer Ingelheim, the
Germany-based pharmaceutical company, and IdeaSphere Inc.,
the New York-based healthcare company, specializing in
vitamins, minerals, nutrition products and herbs, today
announced the sale of Boehringer Ingelheim's Natural
Healthcare company and business Pharmaton SA (Lugano) to
IdeaSphere. Financial terms of the transaction were not
disclosed.
"IdeaSphere has been carefully selected as a
result of a diligent process and will be the ideal partner
to further develop Pharmaton. Boehringer Ingelheim will
continue to strengthen its Consumer Healthcare business by
further building up the flagship and international core
brands, e.g., Dulcolax, Buscopan and Antistax," said
Dr Alessandro Banchi, Chairman of the Board of Managing
Directors at Boehringer Ingelheim and responsible for
Marketing and Sales. "Both Pharmaton and IdeaSphere
have a common strategic vision and core competencies in the
development, production and marketing of natural health and
multivitamin products," Banchi said.
"IdeaSphere's commitment supports the sustainability
of the Lugano site and opens future growth opportunities
for its management and employees."
"We are glad to seize the opportunity to further
strengthen and expand our international health care
business while adding premium brands to our portfolio of
products," Mark Fox, President & Chief Operating
Officer of IdeaSphere said. "The acquisition of
Pharmaton helps broaden our product portfolio towards new
target audiences. It complements not only our geographical
strength in North America with attractive market positions
but also provides access to other strategic markets for
IdeaSphere in Europe, the Middle East, Latin America and
Asia. Moreover, both of our companies emphasize
science-based medicines."
"We are excited about the broad-based global
collaborative partnership we have begun with Boehringer
Ingelheim for the creation of an international,
science-based, healthy lifestyle center of excellence and
Natural Health franchise," Fox announced, to establish
Pharmaton as their platform for further expansion.
"IdeaSphere will endeavor to preserve the continuity
of Boehringer Ingelheim's values in integrity and
innovation in research and science, and transform Pharmaton
into a truly global leader in the health and wellness
sector. We have the unique opportunity to cross-fertilize
the scientific heritage of Pharmaton with the dynamic
characteristics of an entrepreneurial organization, our
access to scientific opinion-leaders from academia and
heath education through our publications."
Dr Eros Ceppi, Managing Director of Pharmaton SA,
commented on the transaction, saying that Pharmaton will be
gaining a strong partner in the further development of the
Pharmaton product portfolio and will be complemented by
IdeaSphere's product portfolio. "Our partnership with
IdeaSphere will give us new momentum," Ceppi said.
"There will be new upside opportunities for the site
and its employees, and considerable synergistic
potential."
All three parties emphasized the further development
and expansion of Pharmaton as a business and company.
Synergistic effects would not come through downsizing or
cost cutting, but by market expansion and a complementary
product portfolio. The Lugano location would be further
strengthened by adding new capacities to establish it as a
center of excellence for R&D, Manufacturing and
Marketing of Natural Health & Multivitamin Products.
IdeaSphere will take over the Pharmaton business and
brands in their entirety. Both companies agreed about a
cooperation to toll manufacture specific products of the
respective company. To facilitate the transfer of the
business, Boehringer Ingelheim will continue to distribute
Pharmaton products during a transitional period.
Company Information
About Boehringer Ingelheim:
Boehringer Ingelheim is a globally operating,
independent corporation committed to researching,
developing, manufacturing and marketing drugs for human and
veterinary medicine. For more than 100 years, its goal has
been to secure and maintain independence by means of
continuous growth.
The Boehringer Ingelheim group, with 143 subsidiaries
in 47 countries across the world and a total of almost
37,500 employees, is one of the world's 20 leading
pharmaceutical companies. With its activities focused on
Human Pharmaceuticals and Animal Health, Boehringer
Ingelheim posted net sales of almost 9.5 billion Euro in
2005.
A family-owned company founded in 1885 and
headquartered in Ingelheim am Rhein, Boehringer Ingelheim
can look back on a long history of successful
pharmaceutical innovations and product launches.
In the business year 2005, Boehringer Ingelheim spent
more than 1.3 billion euro on research and development,
about one fifth of net sales in its largest business
segment Prescription Medicines. The company's research and
development activities and production and distribution
centres are spread across the entire globe.
About IdeaSphere, Inc:
IdeaSphere is an innovative global company focused on
delivering healthy lifestyle solutions to a broad spectrum
of individuals. With more than 1,500 consumer-focused,
science-based, content-driven nutrition products across a
range of innovative formulations, IdeaSphere is an emerging
leader in the health and wellness sector. IdeaSphere is
committed to incorporating the latest medical discoveries
and meticulously researched ingredients into trusted and
time-tested products. The Company's portfolio of global
brands includes Twinlab(R), which includes the Fuel Line of
sports and nutritional supplements; Ultra Harvest(R), a
premium food-based line of vitamins and minerals; Nature's
Herbs(R); Alvita Teas(R); Rebus Publishing(R);
Metabolife(R); and Dr. Weil Supplements(R). For more
information, visit http://www.ideasphereinc.com .
About Pharmaton SA:
Pharmaton SA was founded in Lugano, Switzerland, in
1942 and has established itself as a center of excellence
for the research, development and manufacture of premium
multivitamin/mineral formulas and plant-based
pharmaceuticals, for the maintenance and increase of
physical and mental well-being, vitality and performance.
Pharmaton employs a staff of around 200 collaborators and
has committed itself to the promotion of self-responsible,
natural health care. Its world-wide established and
scientifically proven products are available in pharmacies,
drugstores and healthfood shops in more than 100 countries.
The core brands are Pharmaton(R) (capsules, caplets and
effervescent tablets), and Pharmaton(R) Kiddi(R) (syrup,
chewable tablets and effervescent tablets).
For more information, please visit
http://www.pharmaton-sa.ch .
For more information, please contact:
Ulysee Huling
Boehringer Ingelheim
Tel: +1-646-437-4865
Email: uhuling@gsw-w.com
SOURCE Boehringer Ingelheim
2007'02.10.Sat
Xinhua Far East Changes the Rating Outlook of Xining Special Steel to Stable
August 25, 2006
HONG KONG, Aug. 25 /Xinhua-PRNewswire/ -- Xinhua Far
East China Ratings today changed the ratings outlook of
Xining Special Steel Co., Ltd. ("Xining" or
"the Company", SH A 600117) from negative to
stable. Its domestic currency issuer credit rating of BB
remains unchanged.
The rating action was prompted by Xining's upward
extension of its value chain through the acquisition of
iron ore and coal resources, which should effectively
reduce the Company's production costs and boost its
resilience in an adverse market. In addition, Xining's
newly added production capacities will enable it to
increase its output substantially. Even so, Xinhua Far
East notes that the Company's output is still quite small,
especially in the context of the steel consolidating
industry. Newly added carbon steel capacity will also drag
down the Company's profit margins. These two factors,
together with ongoing challenges in the market environment
(which are largely the result of recent macroeconomic
control policies and rising market competition), restrain
the Company from securing a higher rating.
Due to scarcity of raw materials and rapid expansion of
production capacity, the steel industry is gradually looking
upstream for profits. The price of iron ore has risen
continuingly for the past several years, with contract
prices rising by 18.6%, 71.5% and 19.5% in 2004, 2005 and
2006 respectively. In addition, the contract price of
coking coal had risen by 100% in 2005.
In an effort to cope with the situation, Xining has
embarked on acquiring iron ore and coal resources since
2004. At time of publication, Xining owned 300 million
tons of iron ore resources and 640 million tons of coking
coal resources, mostly through its subsidiaries. Under the
Company's plan, Xining will be able to produce 3.6 million
tons of iron ore and 1.2 million tons of coking coal
annually in the future -- which will fully satisfy the
Company's own demand.
The resources acquired were brought into operations
gradually in 2005 and have assisted the company in
controlling costs amidst an adverse market. When compared
with most other steel companies, Xining's gross margin and
EBIT margin showed considerable resiliency in 2005, with
both margins improving slightly in the first quarter of
2006, even though steel prices bottomed out.
In addition, since the beginning of 2006, Xining has
put new production lines into operation, which are expected
to contribute an additional 220,000 tons of special steel
products and 500,000 tons of carbon steel products, a new
product category for Xining. It is hoped that Xining's
steel product output will rise to about 1.2 million tons in
2006, which would be a sharp rise from the 441,200 tons in
2005. However, with carbon steel selling at low levels,
there may be downward pressures exerted on the Company's
future profitability.
Xining's output is nevertheless expected to remain
quite small. In contrast, the sector is experiencing
consolidation and several large specialty steelmakers have
been established through M&A. In addition, demand for
steel products is affected by macro control policies
designed to counter overheating and exacerbated competition
brought by the entry of basic steel companies into the
specialty market. Xining's transportation costs are also
relatively high, with its specialty steel products
distributed nationwide. Xining's relatively high gearing
ratio has also constrained its rating.
Nonetheless, due to its location in China's western
region, Xining enjoys lower electricity and water costs, as
well as preferential income tax rates of 15% compared to the
standard rate of 33%.
Xinhua Far East will closely monitor whether the new
production lines can be successfully brought into operation
in time and whether Xining can continue to maintain
relatively solid profitability within an adverse market
environment.
Based in Xining, Qinghai province, Xining is a major
special steel producer in China. In 2005, the company
produced 441,200 tons of special steel products. Xining's
special steel products are mainly used in the automobile,
mechanics and oil industries.
Xining is also a constituent of the Xinhua FTSE 400
Index and, as of market close on August 24, 2006, its total
market capitalization and investable capitalization were
RMB2, 413 million and RMB724 million respectively.
For the rating report summary, please visit
http://www.xinhuafinance.com/creditrating .
Note to Editors:
About Xinhua FTSE 400 Index
Xinhua FTSE 400 Index is the mid cap index in the
Xinhua FTSE China A Share Index Series and includes the
next 400 companies in China, after the top 200, ranked by
market cap. For daily data and further information, see
http://www.xinhuaftse.com .
About Xinhua Far East China Ratings
Xinhua Far East China Ratings (Xinhua Far East) is a
pioneering venture in China that aims to rank credit risks
among corporations in China. It is a strategic alliance
between Xinhua Finance (TSE Mothers: 9399), and Shanghai
Far East Credit Rating Co., Ltd. Shanghai Far East became
a Xinhua Finance partner company in 2003 and the first
China member of The Association of Credit Rating Agencies
in Asia in December 2003.
Capitalizing on the synergy between Xinhua Finance and
Shanghai Far East, Xinhua Far East's rating methodology and
process blend unique local market knowledge with
international rating standards. Xinhua Far East is
committed to provide investors with independent, objective,
timely and forward-looking credit opinions on Chinese
companies. It aims to help investors differentiate the
credit risks among the corporations in China, thereby,
cultivating their awareness and promoting information
disclosures and transparency in China market.
For more information, see
http://www.xfn.com/creditrating .
About Xinhua Finance Limited
Xinhua Finance Limited is China's unchallenged leader
in financial information and media, and is listed on the
Mothers board of the Tokyo Stock Exchange (symbol: 9399)
(OTC ADRs: XHFNY). Bridging China's financial markets and
the world, Xinhua Finance serves financial institutions,
corporations and re-distributors through four focused and
complementary service lines: Indices, Ratings, Financial
News and Investor Relations. Founded in November 1999, the
Company is headquartered in Shanghai with 20 news bureaus
and offices in 19 locations across Asia, Australia, North
America and Europe.
For more information, please visit
http://www.xinhuafinance.com .
About Shanghai Far East Credit Rating Co., Ltd
Shanghai Far East Credit Rating Co., Ltd. is the first
and leading professional credit rating company with
comprehensive business coverage in China. It is an
independent agency established by the Shanghai Academy of
Social Sciences with the mission to develop internationally
accepted standards for capital market in China. The company
is a pioneer in conducting bond-rating business in China.
For years, it has been authorized by the Shanghai branch of
the PBOC to undertake loan certificate credit rating.
Since establishment, it has rated over 1,000 corporate
long-term bonds and commercial papers, based on the
principles of objectivity, fairness and independence. The
company has also maintained over 50% market share in the
loan certificate-rating sector in Shanghai for three
consecutive years. With its strong local presence and
knowledge, it provides investors with unique and the most
insightful credit opinion.
For more information, see http://www.fareast-cr.com .
For more information, please contact:
Hong Kong
Joy Tsang,
Corporate & Investor Communications Director,
Xinhua Finance
Tel: +852-3196-3983 or +86-21-6113-5999 or
+852-9486-4364
Email: joy.tsang@xinhuafinance.com
US
Taylor Rafferty (IR/PR Contact in US)
Ms. Ishviene Arora
Tel: +1-212-889-4350
Email: ishviene.arora@taylor-rafferty.com
SOURCE Xinhua Far East China Ratings
2007'02.10.Sat
Railway Mobile Media Approaches Maturation
August 25, 2006
BEIJING, Aug. 25 /Xinhua-PRNewswire/ -- EPIN Media, a
member of the EPIN Holdings., held a promotion event
"China's Largest Railway Mobile Media" in the
Great Hall of the People on August 17. The company signed a
media monitoring agreement with the world's leading
marketing information company ACNielsen in the Great Hall
of the People, under which all future advertisements on
EPIN's platform will be fairly and objectively evaluated by
ACNielsen. This move marked a big step toward maturation by
EPIN's media system.
Media professionals and scholars at the event also
discussed the concept of "mobile audience", which
was coined by EPIN Media in October 2005. Comprehensive
research and systematic analysis have been conducted ever
since, contributing to a solid body of knowledge of railway
audience.
Three key characteristics of mobile audience have been
identified: Mobility, motivation, and action. Railway
mobile audiences subject to commercials on the train are
found to be more motivated and receptive to commercials
than other audiences.
As a leading player in the railway media market since
its inception in 2002, EPIN Technologies (China) Ltd. and
EPIN Media have endeavoured not only to advance media
research, but also tap the railway resources, and better
their services.
The revolutionary Holomedia(R) platform offered by EPIN
Media integrates audio, video, network and mobile
technologies, covering China's major economically developed
regions, including the Bohai Sea Rim Economic Circle, the
Yangtze River Delta, and the Pearl River Delta.
More than 100 train lines have been using EPIN's
services. After the installation of "The First LCD in
Chinese Railway" in Beijing West Railway Station, some
20 major cities and their railway stations are slated to
install the Holomedia(R) platform this year. This means
that EPIN Media has taken the first place in Chinese
railway media market.
The "China's Largest Railway Mobile Media"
platform strives to provide better services to advertisers
and railway passengers. Its widely recognized services for
advertisers include media information, promotion events,
and media monitoring. EPIN media is also committed to offer
a comprehensive set of on-the-go tools to passengers. Video
programs are aired on the train 24/7.
For more information, please contact:
Qiao Ning
EPIN Media
Tel: +86-10-8885-4923/33-6203
Mobile: +86-139-112-35665
Fax: +86-10-8885-3499
Email: qiaoning@epinmedia.com
SOURCE BEIJING EPIN MEDIA CO., LTD
2007'02.10.Sat
MIPIM ASIA 2006: China at the Heart of the Action
August 25, 2006
PARIS, Aug. 25 /Xinhua-PRNewswire/ -- MIPIM Asia, the
world's property market in Asia-Pacific, will host a number
of Chinese exhibitors presenting a highly diversified range
of very large-scale projects.
With 25 countries attending, 115 exhibiting companies
and over 1,200 delegates, MIPIM Asia, will be held at the
Convention and Exhibition Centre in Hong Kong from the 27th
to 29th September 2006. It promises to provide a platform
for discussions and negotiations for all property
professionals wishing to develop in this region.
Among the Chinese exhibitor companies will be:
-- Swire Properties Ltd. -- an affiliate since 1972 of
Swire Pacific, the leading Hong Kong real estate developer,
Swire Properties Ltd. is expanding in China with the
mpressive complex of Taikoo Hui on its agenda. Located in
the Tianhe district in Canton, this 450,000 sq.m. complex
will become a major property center comprising luxury
offices, 5-star hotels and an arts centre. It is due to be
completed in 2009.
-- Shanghai Harbour City Development -- Lingang New
City is the name of the project for the new port of
Shanghai under the responsibility of Shanghai Harbour City
Development and German architects in the GMP group. With a
surface area of 296.6 sq.km, Lingang New City will include
a heavy industry site of almost 80 sq.km, a free trade zone
of 6 sq.km and a port area of nearly 80 sq.km. There is a
planned population of nearly 450,000 inhabitants, along
with administrative and commercial premises and educational
and tourist centers. The project will start in 2007.
-- Venetian Macao Ltd. HK -- an affiliate of Las Vegas
Sands Corp. Venetian Macao will be the cornerstone of the
mega-sized tourist development of Cotai Strip, an
unprecedented project that aims to become the "Las
Vegas" of Asia. Venetian Macao will open for business
in 2007, with 3,000 luxury suites, a 93,000 sq.m congress
center, 20 high quality restaurants, a 15,000-seat stadium,
a 2,000-seat exhibition hall and a shopping centre covering
56,000 sq.m.
-- Atkins China Ltd. -- the company has been appointed
to build the TEDA towers in the port of Tianjin. These
three towers will be among China's tallest: the highest
will measure 356 meters and host 400 apartments, a 400 room
hotel, offices and shopping areas. In all, some 400,000
sq.m of surface area will be created, and the project is
programmed for 2009.
-- Shanghai High-Tech Park United Development Co. Ltd
-- the group will present Caohejing Hi-Tech Park, a science
and new technology hub to the south-west of Shanghai
covering some 2 million sq.m.
-- Edaw -- an architecture practice working on several
major projects such as the 2008 Olympics, Shanghai EXPO
2010, and the redesign of Kowloon in Hong Kong.
-- Bureau of High Speed Rail -- there will be
phenomenal development and large-scale property
opportunities along this new rail line linking Taiwan's two
largest cities. It is due to be finalized in October 2006.
-- Hong Kong Land -- the group has just opened York's
House, the only available commercial space in the centre of
Hong Kong. This event has triggered substantial development
in the area that will continue until 2010.
-- Jerde -- an architecture and urban planning practice
whose current projects include the rehabilitation of Place
Langham in Hong Kong.
Many other firms will be attending such as Aedas; AET
Flexible Space Ltd.; AOS; Arquitectonica; Asia Pacific
Investment Partners; Chongbang Development; Cushman &
Wakefield; Singwood Development Company; and The Manhattan
Macao Development Ltd. Go to http://www.MIPIMasia.com for a
complete list of companies exhibiting at MIPIM Asia.
For more information, please contact:
Ms Belinda Chan
Tel: +852-2372-0090
Email: belinda@creativegp.com
SOURCE Reed MIDEM
2007'02.10.Sat
Alibre Offers Parametric 3D CAD to Everyone in China
August 25, 2006
http://www.alibre.cn Provides Free Download of Fast Growing Alibre Design Xpress in Chinese
RICHARDSON, Texas, Aug. 25 /Xinhua-PRNewswire/ -- Alibre Inc. announced today that it is now offering its free, award winning parametric 3D CAD software, Alibre Design Xpress, to the Chinese market. A dedicated Chinese language web site ( http://www.alibre.cn ) has been launched that enables users in China to easily learn about the product and download the software. The site also includes a Chinese user forum to allow Xpress users to communicate and share knowledge about the software and its use in mechanical design, engineering and manufacturing applications, as well as exchange ideas about 3D CAD in general. Alibre has worked closely with its distribution partners in China, specifically Pro-Creative Technology LTD. (Hong Kong), to develop two Chinese language versions of the Alibre Design software, including both Simplified and Traditional Chinese, as well as the Chinese web site. The Alibre Design Xpress product distributed in China will also include Chinese language tutorials which will help users quickly learn the fundamentals of 3D parametric solid modeling. Alibre's distribution partners will also provide sales and support services to users throughout China. "Our effort to introduce Alibre Design Xpress in China mirrors what we have learned in other parts of the world," said Scott Erickson, Vice President of International Sales at Alibre. "Ease of access, ease of use, quality service, and a localized product are all key elements to our successful strategy. We had over 100,000 people register in our original launch of Xpress in the US last August, and with the sheer size of the Chinese market we could easily blow that number away." Alibre's vision is to make 3D parametric CAD accessible to every person that needs or wants it anywhere in the world. To accomplish this, Alibre delivers an extremely easy to use product with powerful features, an unbeatable price, and easy access via the web. The goal with the Chinese launch of Alibre Design Xpress is to jumpstart a Chinese community of 3D CAD users that costs nothing to join. As the community grows and more people learn the software the value of being a member in the community will rapidly increase. In addition, if and when users want to upgrade to new versions of the software, or find that they want additional features, such as real-time online collaboration and data sharing, they can upgrade to any of the three expanded versions of Alibre Design. "The launch of Alibre Design Xpress in China is an important part of our mission to promote 3D design and collaboration globally," explained Greg Milliken CEO of Alibre. "There's a lot of concern from software vendors about intellectual property protection in China, and rightly so. However, rather than just complaining and waiting for improved enforcement, we think the onus is on vendors to make it clear that there are more benefits to being legal than not. We intend to take a leadership role in showing the benefits of legal ownership with an exciting and innovative win-win strategy. We bring professional 3D to companies of all sizes that may not have previously been able to afford this type of technology, and allow them to get started at no cost. In the process we build a valuable community that will increase exposure of our product and drive upgrade sales." About Alibre Alibre Inc. develops and markets Alibre Design(TM), the fastest growing 3D parametric solid modeling software for mechanical design and manufacturing. One-fifth the cost of comparable software, Alibre Design delivers quick ROI, ease-of-use, rich functionality and unique real-time support, and is enabling small and medium-sized businesses and workgroups to put 3D CAD on every engineer's desk, similar to utilities like Word or Excel. Alibre also delivers Alibre Design Xpress, the industry's only true 3D parametric modeler available free of charge, making powerful 3D CAD accessible to literally anyone who wants it. Alibre Design is available in fourteen languages and distributed worldwide. For more information, please contact: Rachael Taggart Alibre Inc. Tel: +1-303-487-7406 SOURCE Alibre Inc.
2007'02.10.Sat
TCOM Announces Launching a New Formation IT Services Firm in China,Focuses One Million SMEs Internet Business Services Market
August 25, 2006
HONG KONG, Aug. 25 /Xinhua-PRNewswire/ -- Telecom
Communications, Inc. (OTC Bulletin Board: TCOM) the Total
Solutions Provider, announced today that its wholly-own
subsidiary, a new formation IT services firm called
Guangzhou TCOM Computer Technology Limited
("GTCT"), has launched its business in China.
"We are launching a new formation of a
wholly-owned IT Consulting and Developing firm to provide
full services to SMEs, Internet business services of IBS
v5.0 and online college e-learning businesses, which
focuses on a more than $1 billion market in China,"
said Tim Chen, CEO of TCOM.
GTCT has hired 9 full time R&D engineers, 29 full
time sales engineers and more than 200 part time sales
representatives in China. Mr. Tim Chen is the president,
Mr. Victor Li is the vice president of GTCT.
About Telecom Communications, Inc.
Telecom Communications, Inc. (TCOM) is a Total
Solutions Provider that offers Integrated Communications
Network Solutions and Internet Content Service in universal
voice, video, data web and mobile communications for
interactive media applications, technology and content
leaders in interactive multimedia communications. It
develops, markets and sells a universal media software
solution for enterprise-wide deployment of integrated
voice, video, data web and mobile communications and media
applications. Telecom Communications, Inc. does business
in Asia via its wholly owned subsidiaries, Alpha Century
Holdings Ltd., IC Star MMS, Ltd. ( http://www.icstarmms.com
), 3G Dynasty Inc. ( http://www.skyestar.com ) and Guangzhou
TCOM Computer Technology Limited.
Safe Harbor
The statements made in this release constitute
"forward-looking" statements, usually containing
the words "believe," "estimate,"
"project," "expect," or similar
expressions. These statements are made pursuant to the
safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements inherently
involve risks and uncertainties that could cause actual
results to differ materially from the forward-looking
statements. Factors that would cause or contribute to such
differences include, but are not limited to, changing
economic conditions, interest rates trends, continued
acceptance of the Company's products in the marketplace,
competitive factors and other risks detailed in the
Company's periodic report Filings with the Securities and
Exchange Commission. By making these forward-looking
statements, the Company undertakes no obligation to update
these statements for revisions or changes after the date of
this release.
For more information, please contact:
Ms. Sandy Tang
Telecom Communications, Inc.
Tel: +852-782-0983
Email: pr@tcom8266.com
SOURCE Telecom Communications, Inc.
2007'02.10.Sat
ASC Process Systems Completes the World's Largest Autoclave for Boeing's 787 Dreamliner
August 25, 2006
CHARLESTON, S.C., Aug. 25 /Xinhua-PRNewswire/ -- ASC
Process Systems has announced the completion of the world's
largest autoclave. The giant autoclave will cure composite
fuselage sections of the revolutionary Boeing 787
Dreamliner passenger aircraft.
(Photo:
http://www.newscom.com/cgi-bin/prnh/20060824/LATH031 )
This record setting project took over 1 1/2 years to
complete, and is scheduled to begin production of Boeing
787 components in the coming months. The autoclave will
process components to a maximum pressure of 150 psig (10.2
Bar) at a maximum temperature of 450 degrees F (232 degrees
C). The working area of 30' X 75', and volume over 82,000
cubic feet, makes this the largest autoclave in the world.
Fully-loaded, it weighs in at over 500 tons and was
fabricated on-site at the new Vought Aircraft facility in
Charleston, SC.
The Boeing 787 represents the future in passenger
aircraft in that it will fly longer distances and be the
most fuel efficient ever built. The large quantity of
composite structures is key to this achievement.
"The crew from ASC Process Systems has been onsite
here in South Carolina making a Vought dream come
true," said Mark Dickey, Vought's Charleston General
Manager. "Their crew's responsiveness has been
fantastic as they continue to train Vought personnel and
aid us through total qualification of the autoclave."
"This has been a monumental project. ASC is very
proud to be an integral part in the advancement of aviation
material development with Vought Aircraft and all of the
parties involved," says Dave Mason, President, ASC
Process Systems. "This first step of composite
fuselage production represents a great leap in the use of
composites for aero structure and jetliner
efficiency."
About Vought Aircraft Industries Inc.:
Vought Aircraft ( http://www.voughtaircraft.com ) is
one of the world's largest independent suppliers of aero
structures. Headquartered in Dallas, Texas USA, Vought
Aircraft manufactures major airframe structures and other
components for prime aircraft manufacturers. Vought's
sales exceed $1.2 billion annually, and employs more than
6,000 employees.
About ASC Process Systems:
ASC Process Systems ( http://www.aschome.com ) is the
leading manufacturer of autoclave's and control systems in
North America. Additionally, ASC engineers and
manufactures specialized process equipment and control
software. ASC is located in the Los Angeles area and
serves the composites and glass lamination industries
worldwide.
For more information, please contact:
Loyd Champion, Director,
Business Development,
ASC Process Systems
Tel: +1-818-833-0088
SOURCE ASC Process Systems
2007'02.10.Sat
ArvinMeritor Announces Key Executive Appointments within Its Global Operations
August 25, 2006
Creates Emissions Technology Group to Support Increasing Customer Demand
Philip R. Martens named senior vice president and
president, Light Vehicle Systems; Juan De La Riva to
retire
Carsten J. Reinhardt named senior vice president and
president, Commercial Vehicle Systems; Tom Gosnell to
retire
H.H. "Buddy" Wacaser named senior vice president
and president, Emissions Technology Group
TROY, Mich., Aug. 25 /Xinhua-PRNewswire/ --
ArvinMeritor, Inc. (NYSE: ARM) today announced a series of
executive changes within its global operations, as well as
a new Emissions Technology Group.
The following changes, effective Sept. 1, 2006, were
announced by ArvinMeritor's Chairman, CEO and President
Chip McClure:
Philip R. Martens is named senior vice president and
president of the company's Light Vehicle Systems (LVS)
business -- he most recently served as president and COO of
Plastech Engineered Products. Martens will succeed Juan De
La Riva, who is retiring after 12 years at ArvinMeritor and
more than 30 years in the automotive industry. Martens will
be responsible for the overall strategic and operational
management of the company's passenger vehicle components,
modules and systems business, including the aperture and
undercarriage businesses.
"Phil's extensive knowledge of the automotive
industry, together with his vast international experience,
operational expertise and proven leadership capabilities,
will be a major asset in leading the LVS
organization," said McClure. "With our increased
focus on improving margins, we are confident that Phil will
deliver the results we expect in maximizing operating
efficiencies, while enhancing LVS performance and
maintaining our strong position in the global markets we
serve."
Carsten J. Reinhardt is named senior vice president and
president of the company's Commercial Vehicle Systems (CVS)
business. Reinhardt previously held the position of CEO
and president of Detroit Diesel Corp., a subsidiary of
DaimlerChrysler AG. Reinhardt succeeds Tom Gosnell, who is
retiring after 27 years at ArvinMeritor. To ensure a smooth
transition for the CVS business, Gosnell will remain an
ArvinMeritor consultant.
Reinhardt will be responsible for the overall strategic
management of the company's global commercial vehicle
components and customer-focused services -- both for OE
production and the aftermarket.
"Carsten's track record for focusing on
operational excellence, improving financial performance and
executing growth initiatives will be a tremendous asset to
maintaining and enhancing an already strong
organization," said McClure. "We remain
steadfast in our determination to continue controlling
costs and to provide outstanding customer service, and we
are confident Carsten has the skills and business acumen to
drive continued growth in this segment."
H.H. "Buddy" Wacaser is named senior vice
president and president of the newly formed Emissions
Technology Group. The Emissions Technology organization
will be devoted to the ongoing development and operations
of both light and heavy vehicle emissions technologies and
products. Wacaser will be responsible for overall
strategic management of the group. Wacaser most recently
served as president and CEO of Meridian Automotive Systems,
Inc.
"With more than three decades of experience in
manufacturing, quality and engineering, Buddy has a deep
understanding of the need for efficient operations,"
said McClure. "He has successfully led integration
teams and helped forge strategic relationships with
customers worldwide. We look forward to benefiting from
his strong operational and financial expertise, and the
contributions he will bring to the Emissions Technology
Group." McClure continued, "In addition to our
LVS and CVS businesses, we established the Emissions
Technology Group as a separate business, in order to
provide a sharper focus on and better support of the
increasing customer demand for both light and heavy vehicle
emissions systems and solutions."
ArvinMeritor's Light Vehicle Emissions and Commercial
Vehicle Emissions businesses will become part of the newly
formed group. "We see tremendous opportunities for
growth in the emissions arena and believe this new, focused
group will help us maintain our leadership position in this
growing market segment," said McClure.
Martens, Reinhardt and Wacaser will report to Chip
McClure.
McClure added, "On behalf of ArvinMeritor, I would
like to thank Juan and Tom for their many years of
dedication and valuable contributions to the company.
Their ongoing commitment to innovation and to driving our
continued global expansion has helped position ArvinMeritor
as an industry leader that is poised for future growth and
success. We wish them well."
Below are brief biographies for ArvinMeritor's new
executives:
Philip R. Martens
Martens most recently served as president and COO of
Plastech Engineered Products. Martens managed the
company's operations, sales, purchasing, product
development, information technology, new business
development and industrial design.
He joined Plastech after its acquisition of LDM, which
grew revenue from $300 million to approximately $1 billion.
Before joining Plastech in 2005, Martens spent more than 18
years in various leadership positions with Ford Motor Co.,
including as: group vice president of Product Creation,
vice president of North American Product Creation and vice
president of North American Product Development.
Martens joined Ford in 1987 and held various
engineering positions until 1999, when he was named
managing director of Planning, Design and Product
Development of Mazda Motor Corp. in Hiroshima, Japan.
Martens holds a Ph.D. in engineering from Lawrence
Technical Institution, a bachelor's degree in mechanical
engineering from Virginia Tech and a Master of Business
Administration from the University of Michigan.
Carsten J. Reinhardt
Reinhardt joined Detroit Diesel Corp. (DDC), an
affiliated company of the Freightliner Group, a
DaimlerChrysler company, as CEO and president in March
2003. Reinhardt was responsible for overseeing DDC's
business and operations, including the design,
manufacturing and marketing of DDC's heavy-duty diesel
engines for the global on-highway commercial vehicle
market.
Prior to his role at DDC, Reinhardt served as vice
president and general manager of Operations for
Freightliner LLC subsidiary Western Star Trucks, from March
2001 to April 2003. Before that, he held various management
positions with Freightliner's Manufacturing organization.
He began his career as a management trainee at
DaimlerChrysler in 1993.
Reinhardt holds a bachelor's degree in mechanical
engineering from Esslingen Technical College in Germany and
a master's degree in automotive engineering from the
University of Herdfordshire in the United Kingdom.
H.H. "Buddy" Wacaser
Wacaser was president and CEO of Meridian Automotive
Systems, Inc., a full-service Tier One supplier to Ford
Motor Co., General Motors, DaimlerChrysler, Toyota, Honda
and Nissan from 2002-2005. Prior to this role, he served
as Meridian's executive vice president, from 1997-2002.
Wacaser has more than 33 years of experience in
manufacturing, quality and engineering. Prior to joining
Meridian in 1997, Wacaser was employed from 1978 to 1997 by
Alcoa Fujikura Ltd., where he served as vice president of
European Operating and Emerging Markets, located in
Stuttgart, Germany and Budapest, Hungary. He was
previously vice president of the North American Electrical
Distribution Systems (EDS) Operations, and prior to that
was operations manager responsible for multiple EDS plant
operations. From 1967 to 1977, Wacaser was employed by ITT
Automotive Electrical Products Division in various
manufacturing positions.
About ArvinMeritor
ArvinMeritor, Inc. is a premier global supplier of a
broad range of integrated systems, modules and components
to the motor vehicle industry. The company serves light
vehicle, commercial truck, trailer and specialty original
equipment manufacturers and certain aftermarkets.
Headquartered in Troy, Mich., ArvinMeritor employs
approximately 29,000 people at more than 120 manufacturing
facilities in 25 countries. ArvinMeritor common stock is
traded on the New York Stock Exchange under the ticker
symbol ARM. For more information, visit the company's Web
site at: http://www.arvinmeritor.com/ .
(Logo:
http://www.newscom.com/cgi-bin/prnh/20010524/ARVINLOGO )
For more information, please contact:
Media Inquiries:
Lin Cummins,
ArvinMeritor
Tel: +1-248-435-7112
Email: linda.cummins@arvinmeritor.com
Investor Inquiries:
Terry Huch,
ArvinMeritor
Tel: +1-248-435-9426
Email: terry.huch@arvinmeritor.com
SOURCE ArvinMeritor, Inc.
2007'02.10.Sat
Analysys International Says China's IT Services Market Reached RMB 12.06 Billion in Q2 2006
August 24, 2006
BEIJING, Aug. 24 /Xinhua-PRNewswire/ -- Analysys
International, a leading Internet based provider of
business information about technology, media and telecom
(TMT) industries in China, says in its recently released
report "China IT Services Market Quarterly Tracker Q2
2006", that the market size of IT services in China
reached RMB 12.06 billion in the second quarter of 2006,
representing an increase of 5.7% quarter over quarter and
46.2% year over year.
According to the report, IBM, HP, Digital China,
Neusoft, and CS&S are the top 5 vendors in China's IT
services market. According to the report, the top 5 vendors
occupied a market share of 5.8%, 5.3%, 2.5%, 2.2% and 1.9%
respectively. The total market share of the top 10 IT
services vendors accounted for only 22.2% of the market
total in the second quarter in China. China's IT services
market concentration is still low.
(
http://english.analysys.com.cn/admin/images/1472_1.jpg )
In terms of market structure, market size of IT
consultancy in the second quarter in China reached RMB 1.82
billion, accounting for 15.1% of the total IT services
market; IT management outsourcing was RMB 1.07 billion,
accounting for 8.8% of the entire market; systems
integration development was RMB 5.33 billion, accounting
for 44.2%; offshore software development was RMB 2.66
billion, accounting for 22% of the market; and product
maintenance was RMB 1.18 billion, accounting for 9.8% of
the total IT services market.
This subject is further discussed in Analysys
International's research report "China IT Services
Market Quarterly Tracker Q2 2006". For more
information, please check the website:
http://english.analysys.com.cn .
About Analysys International
Analysys International is the leading Internet based
provider of business information about technology, media
and telecom (TMT) industries in China with the mission to
help their clients make better business decisions. They
provide data, information and advice to 50,000 clients
worldwide, representing 1,500 distinct organizations; they
also deliver over 150 consulting engagements a year, and
hold more than 20 events that draw in over 8,000 attendees.
Their clients include executives from companies like
technology vendors, vertical information technology users,
as well as professionals from professional service
companies, the investment community and government
agencies. For more information, please visit the website at
http://english.analysys.com.cn .
For more information, please contact:
Jessica Wang
Overseas Media Manager
Analysys International
Tel: +86-10-6466-6565 x394
Fax: +86-10-6466-7102/7103
Email: jessica_wang@analysys.com.cn
SOURCE Analysys International
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