SHANGHAI, China, May 22 /Xinhua-PRNewswire/ -- Xinhua
Finance Limited and the Milken Institute today release the
media update on the Chinese IPO Indicator.
Indicator Value Change
April 2007: 251.1
March 2007: 244.5
Month-to-month change: 2.7%
April 2006: 184.2
Year-to-year change: 36.3%
(Logo: http://www.xprn.com.cn/xprn/sa/200611140926.gif
)
Click
http://www.xinhuafinance.com/en/charts/ipo_rpi/0705/ipo_chart_en.jpg
to download the chart.
Highlights
The IPO indicator advanced in April, riding the wave of
the broader Chinese stock market, which has continued its
ascent despite warnings of a market bubble from various
government officials. The IPO indicator registered 251.1 at
the end of April, 6.6 points higher than the previous
month's score of 244.5. Fourteen equities were added to the
indicator. Among them was CITIC Bank (A share, 601998; H
share, 0998), which raised a combined US$5.4 billion in its
dual IPO on the A and H share markets, the largest IPO
worldwide this year.
Analysis
Of the ninety-three stocks included in the April
indicator, twenty-one declined in price, while seventy-two
increased. Energy, commodity, and transportation stocks
pushed the indicator value higher, accounting for eight of
the ten equities with the largest increase in market cap
this month. Daqin Railway (A share, 601006), China
Merchants Energy (A share, 601872), and Datong Coal (A
share, 601001) contributed to 62 percent of the increase in
score. The A share and H share prices of Industrial and
Commercial Bank of China (ICBC; A share, 601398; H share,
1398)) dropped 2.4 percent and 1.2 percent, respectively.
Of all constituents, ICBC had the greatest negative
contribution to market cap in April, due to its large
capital base.
Methodology
A stock's float-adjusted market capitalization over
time forms the basis for indicator calculations. Stock
dividends, stock splits, special dividends, share
consolidations, repurchases, spin-offs, and combination
stock distributions may trigger adjustments to the
indicator values. Only companies incorporated and domiciled
in mainland China that go public on the Shanghai, Shenzhen,
and Hong Kong stock exchanges are included. Companies are
removed from the indicator after a period of twelve
months.
Xinhua Finance/Milken Institute China Indicators
The Xinhua Finance/Milken Institute China Indicators
are aimed at providing investors, analysts, and financial
professionals deeper insight into China's money and capital
markets. Five of the eight indicators have been launched
since November 2006: the Renminbi Pressure Indicator, the
Chinese IPO Indicator, the Market Adjusted Debt (MAD)
Indicator, the Banking Strength Indicator (BSI), and the
Adjusted Trade and Finance (ATF) Indicator. The remaining
three indicators will be launched later this year.
Time Period Coverage and Frequency
New companies are added to the indicator as soon as
they are listed, while current companies are removed after
twelve months. The IPO Indicator has a base date of
December 31, 1997, when the indicator's value was set equal
to 100, and covers the period from December 31, 1991, to the
present. Values are calculated on a monthly basis. The
indicator for each month is released in the third week of
the following month.
Sources of Data
The real-time and historical trading data used in the
construction of this indicator are provided by Bloomberg
and Xinhua Finance; underlying information used to
calculate the float ratio is obtained from a variety of
sources, including Xinhua Finance's subsidiary Mergent,
stock exchanges, regulators, and the companies themselves.
Corporate actions are sourced from Xinhua Finance,
regulatory filings, and news services.
To view additional information, visit
http://www.xinhuafinance.com/indicators and
http://www.milkeninstitute.org/chinaindicators .
Xinhua Finance Limited is China's premier financial
information and media service provider 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 five focused and
complementary service lines: Indices, Ratings, Financial
News, Investor Relations, and Distribution. Founded in
November 1999, the Company is headquartered in Shanghai,
with offices and news bureaus spanning 14 countries
worldwide.
The Milken Institute is a nonprofit, independent
economic think tank whose mission is to improve the lives
and economic conditions of diverse populations around the
world by helping business and public policy leaders
identify and implement innovative ideas for creating
broad-based prosperity. The Milken Institute has extensive
expertise in China and conducts ongoing research on China's
banking and capital markets. It is based in Santa Monica,
Calif. For more information, please visit
http://www.milkeninstitute.org .
For more information, please contact:
Xinhua Finance
China
Ms. Joy Tsang
Tel: +86-21-6113-5999 or +852-9486-4363
Email: joy.tsang@xinhuafinance.com
Mr. Scott Zhang
Tel: +86-21-6113-5996
Email: scott.zhang@xinhuafinance.com
Japan
Mr. Jiong Sun
Tel: +813-3221-9500
Email: jsun@xinhuafinance.com
Taylor Rafferty (Media contact for Xinhua Finance)
Japan
Mr. James Hawrylak
Tel: +81-3-5733-2621
Email: James.hawrylak@taylor-rafferty.com
United States
Mr. John Dudzinsky
Tel: +1-212-889-4350
Email: John.Dudzinsky@taylor-rafferty.com
Europe
Faisal Kanth
Tel: +44-20-7614-2900
Email: Faisal.Kanth@taylor-rafferty.co.uk
Milken Institute
Ms. Jennifer Manfre
Associate Director of Communications
Tel: +1-310-570-4623
Email: jmanfre@milkeninstitute.org
Easy-to-use and Cost Effective AVS IPTV STB Solution Speeds
the Deployment of IPTV Services in China
BEIJING, May 22 /Xinhua-PRNewswire/ -- Texas
Instruments Incorporated (TI) (NYSE: TXN) and National
Source Coding Audio & Video Technologies (Beijing) Co.,
Ltd. (NSCC) today announced the delivery of the industry's
first single-chip IPTV set-top box (STB) solution enabling
dual decoding of AVS and H.264, HM2006. Built on TI's
innovative DaVinci(TM) technology platform, the solution
targets on home audio and video entertainment applications
that adopt China's digital television (DTV) standard - AVS.
It is an easy-to-use and cost effective solution that will
drive the widespread deployment of IPTV services in China.
(See http://www.ti.com.cn .)
(Logo:
http://www.xprn.com.cn/xprn/sa/20061107170439-20.jpg )
According to In-Stat, China's IPTV subscribers will be
6.3 million with the annual revenue rapidly reaching to
US$888 million by 2010. As the local DTV standard, AVS has
been increasingly matured. The timely delivery of the
single-chip IPTV STB solution by TI and NSCC will push
forward the development of this market with great
potential.
As China's first single-chip IPTV STB solution that
concurrently enables AVS and H.264 dual decoding, HM2006 is
integrated with NSCC's AVS decoding algorithm and uses TI's
innovative DM644x digital signal processors (DSPs) based on
DaVinci technology. The solution enables AVS, H.264, MPEG2,
MPEG4 and WMV video decoding. Digital signal processing
gives designers using TI's DaVinci technology the ability
to add video functions to an application, because the
programmable engine makes is as simple as writing to an
application programming interface (API), saving original
equipment manufacturers (OEMs) months of development time
and lowering overall system costs. The solution also can
help operators meet faster deployment schedules at a lower
development cost.
"China's IPTV market is experiencing gradual but
solid growth. Today's announcement of the industry's first
local AVS-enabled single-chip IPTV STB solution will surely
push forward the market." said Kun Lin, Vice President
of TI Greater China Strategic Business Development,
"We believe that TI's integrated, flexible and
programmable devices based on DaVinci technology will
promote the deployment of this industrial ecosystem and
provides OEMs and operators with low-cost,
high-performance, simple and easy-to-use technical
solutions, thus eventually allowing consumers to enjoy more
clear and vivid video experiences with reduced
expenses."
"TI's ability to provide an IPTV STB single-chip
hardware platform within such a short time in the AVS
deployment process plays an important role in the promotion
of AVS. NSCC believes that the introduction of this solution
will significantly accelerate AVS promotion efforts in the
IPTV market", said Zhu Xuiao, NSCC deputy general
manager, "The cooperation is just the beginning. We
look forward to deepening our cooperation with TI, give
full play to the advantages of DaVinci technology-based
processor and introduce more solutions for AVS codecs
applications."
About Texas Instruments
Texas Instruments Incorporated provides innovative DSP
and analog technologies to meet our customers' real world
signal processing requirements. In addition to
Semiconductor, the company includes the Education
Technology business. TI is headquartered in Dallas, Texas,
and has manufacturing, design or sales operations in more
than 25 countries.
Texas Instruments is traded on the New York Stock
Exchange under the symbol TXN. More information is located
on the World Wide Web at http://www.ti.com .
About NSCC
Founded in December 2003, National Source Coding Audio
& Video Technologies (Beijing) Co., Ltd. is a
joint-stock system enterprise engaged in the development of
digital audio and video core technologies, standards and key
application products. Its leading R&D forces come from
the Motorola-NCIC Joint Research and Development Laboratory
for Advanced Computer and Communication Technologies founded
by the Computing Institute of the Chinese Academy of
Sciences in 1996. Shareholders of the company consist of 5
units from industries, universities and research
institutions which have years of research experiences and
an industrial background. As one of the leading sponsors of
AVS standard research and industry promotion, NSCC is
committed to the R&D and promotion of the
next-generation digital audio and video technology AVS
standard and products, and has introduced AVS-based
decoding software, decoding chip and Powercoder serial
encoders. For more information, visit http://www.usc.com.cn
.
Trademarks
DaVinci is a trademark of Texas Instruments. All other
trademarks and registered trademarks are property of their
respective owners.
For more information, please contact:
Tracy Zhou
Texas Instruments
Tel: +86-10-6513-8056
Email: zhoupeilei@ti.com
Tara Hanney
GolinHarris
Tel: +1-713-513-9561
Email: thanney@golinharris.com
SHANGHAI, May 22 /Xinhua-PRNewswire/ -- Xinhua Finance
Limited and and the Milken Institute today release the
media update on the Renminbi Pressure Indicator.
(Logo: http://www.xprn.com.cn/xprn/sa/200611140926.gif
)
Indicator Value Change
February 2007: 200.1
January 2007: 196.6
Month-to-month change: 1.75%
January 2006: 178.6
Year-to-year change: 12.04%
Please visit
http://www.xinhuafinance.com/en/charts/ipo_rpi/0705/rpi_chart1_b.jpg
to download the chart.
Highlights
In February 2007, the Renminbi Pressure Indicator (RPI)
score increased by 1.75 percent, the largest month-to-month
increase since the initial revaluation in July 2005.
China's foreign exchange reserves rose to US$1.16
trillion.
Analysis
The gain in the RPI, from 196.6 to 200.1 over the
previous month is attributable to appreciation of the yuan
and an increase in foreign exchange reserves, which rose
nearly US$52.7 billion from January, making it the
highest-ever month-to-month jump in terms of absolute
dollar amount. In percentage points, China's foreign
exchange reserves showed the greatest gain since December
2004. The yuan appreciated against the dollar at a rate of
0.47 percent, up from 0.40 percent in January, while growth
in foreign exchange reserves rose to 4.77 percent, from 3.60
percent. Yuan appreciation accounted for 0.16 of the 1.75
percent growth in the RPI, while growth in reserves
contributed the remaining 1.59 percentage-point increase.
There was no change in domestic interest rates in February.
(In March and April 2007, the month-to-month growth rate of
yuan appreciation against the dollar slowed to 0.07 percent
and 0.04 percent, respectively. Interest rates increased by
0.27 percent in March and remained unchanged in April.)
Methodology
The RPI is based on a monthly examination of the
interaction between the following variables to compute
overall cumulative exchange rate pressure: the percentage
change in the spot exchange rate, the percentage change in
foreign exchange reserves, and the change in domestic
interest rates.
The indicator measures the pressure on China's currency
relative to the U.S. dollar. It is set equal to 100 on
January 1, 2000. Increases in the RPI reflect appreciation
pressure on the renminbi (RMB).
Xinhua Finance/Milken Institute China Indicators
The Xinhua Finance/Milken Institute China Indicators
are aimed at providing investors, analysts, and financial
professionals deeper insight into China's money and capital
markets. Five of the eight indicators have been launched
since November 2006: the Renminbi Pressure Indicator, the
Chinese IPO Indicator, the Market Adjusted Debt (MAD)
Indicator, the Banking Strength Indicator (BSI), and the
Adjusted Trade and Finance (ATF) Indicator. The remaining
three indicators will be launched later this year.
Time Period Coverage and Frequency
The indicator covers the period from November 30, 1980,
through January 2006. Data are available from the Milken
Institute upon request. There will be a two- to four-month
delay in reporting values for the indicator, depending on
the release of information from authorities in China.
Sources of Data
The data used in the construction of the indicator are
obtained from the International Monetary Fund, People's
Bank of China, and State Administration of Foreign
Exchange.
To view additional information, visit
http://www.xinhuafinance.com/indicators and
http://www.milkeninstitute.org/chinaindicators.
Xinhua Finance Limited is China's premier financial
information and media service provider 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 five focused and
complementary service lines: Indices, Ratings, Financial
News, Investor Relations, and Distribution. Founded in
November 1999, the Company is headquartered in Shanghai,
with offices and news bureaus spanning 14 countries
worldwide.
The Milken Institute is a nonprofit, independent
economic think tank whose mission is to improve the lives
and economic conditions of diverse populations around the
world by helping business and public policy leaders
identify and implement innovative ideas for creating
broad-based prosperity. The Milken Institute has extensive
expertise in China and conducts ongoing research on China's
banking and capital markets. It is based in Santa Monica,
Calif. For more information, please visit
http://www.milkeninstitute.org .
For more information, please contact:
Xinhua Finance
China
Ms. Joy Tsang
Tel: +86-21-6113-5999 or +852-9486-4363
Email: joy.tsang@xinhuafinance.com
Mr. Scott Zhang
Tel: +86-21-6113-5996
Email: scott.zhang@xinhuafinance.com
Japan
Mr. Jiong Sun
Tel: +813-3221-9500
Email: jsun@xinhuafinance.com
Taylor Rafferty (Media contact for Xinhua Finance)
Japan
Mr. James Hawrylak
Tel: +81-3-5733-2621
Email: James.hawrylak@taylor-rafferty.com
United States
Mr. John Dudzinsky
Tel: +1-212-889-4350
Email: John.Dudzinsky@taylor-rafferty.com
Europe
Faisal Kanth
Tel: +44-20-7614-2900
Email: Faisal.Kanth@taylor-rafferty.co.uk
Milken Institute
Ms. Jennifer Manfre
Associate Director of Communications
Tel: +1-310-570-4623
Email: jmanfre@milkeninstitute.org
BEIJING, May 22 /Xinhua-PRNewswire/ --
Union leaders from Change to Win, the new American
labor movement, will discuss their observations and
activities from their fact-finding mission in China at 5:30
p.m. today, May 22 (Beijing time).
The delegation from Change to Win, an alliance of seven
unions representing six million workers in the jobs that are
forming the basis of the new American economy, are meeting
with workers, representatives, and high-ranking leaders
from labor networks, business groups and the government.
In addition, Change to Win met with the ACFTU and is
exploring the ways to work with the organization to advance
the interests of both American and Chinese workers.
WHO: Anna Burger, Change to Win Chair
Edgar Romney, Change to Win
Secretary-Treasurer
James P. Hoffa, General President, Teamsters
Andy Stern, President SEIU
Arturo Rodriguez, President UFW
WHERE: American Club, 28th Floor, China Resources
Building
No. 8 Jianguomenbei Ave. Beijing 100005
"We are ready to build a new generation of
solidarity to ensure that all workers can share in the
prosperity of the global economy," said Anna Burger,
Change to Win Chair.
Change to Win unions share common employers with
millions of Chinese workers throughout the service,
transportation and industrial sectors, including major
U.S.-based employers.
In addition to Beijing, the delegation has visited Hong
Kong, Shanghai, and Macau to meet with workers in factories
and other sites to learn about daily life on the job. They
also visited transportation and logistics facilities as part
of Change to Win's focus on the global supply chain.
Who We Are
Seven unions and six million workers united in Change
to Win to build a new movement of working people equipped
to meet the challenges of the global economy and restore
the American Dream: a paycheck that can support a family,
affordable health care, a secure retirement and dignity on
the job. The seven partner unions are: International
Brotherhood of Teamsters, Laborers' International Union of
North America, Service Employees International Union, UNITE
HERE, United Brotherhood of Carpenters and Joiners of
America, United Farm Workers of America, and United Food
and Commercial Workers International Union.
For more information, please contact:
China:
Bret Caldwell,
Change to Win
Tel: +1-202-437-5853
Email: international456@sprintpcs.com
Wash., DC:
TJ Michels,
Change to Win
Tel: +1-202-721-6061
Email: tj.michels@changetowin.org
BEIJING, May 22 /Xinhua-PRNewswire/ -- A comprehensive
effort to teach Chinese language and culture in Arizona's
elementary and secondary schools is a major focus of a new
Arizona State University-Sichuan University Joint Confucius
Institute. A signing ceremony between delegations from both
universities and China's National Office for Teaching
Chinese as a Foreign Language (NOCFL) is scheduled for May
23 in Beijing.
"A great research university must focus on the
needs of its immediate community, but must also be
international in scope," says Michael M. Crow,
president of Arizona State University. "ASU's
Confucius Institute partnership enhances the university's
global impact and also benefits the local community by
expanding our knowledge of one of the world's great
cultures and emerging economic powers."
The agreement is the latest in a series of initiatives
ASU is creating with its sister university, Sichuan
University, to implement a new higher education model with
global engagement as one of design imperatives. The
ASU-Sichuan University Joint Confucius Institute is
designed to engage academic units across each of the
universities.
The institute, to be located at Arizona State
University's Tempe campus, will be committed to promoting
Chinese language and culture studies to elementary,
secondary schools and the general public in Arizona.
Initiative will include: collaborating on K-12 pedagogy
for teaching Chinese language and culture; developing
curriculum for heritage speakers of Chinese; linking K-12
schools with cultural resources in the community: museums,
cultural centers, community groups.
It will become an integrated part of ASU and of the
greater Phoenix community by working with several offices
and academic units including the President's China
Initiatives Office; the new School of International Letters
and Cultures, and the Center for Asian Research, both in the
College of Liberal Arts and Sciences; the Mary Lou Fulton
College of Education; and the Contemporary Chinese School
of Arizona, a non-religious, non-political and non-profit
school that teaches 445 students from the ages of 5 to 16
and provides classes in conversation for professionals.
"The presence of the Confucius Institute on campus
will enhance and promote the teaching of Chinese language
and culture to Arizona school children. We will have the
opportunity to promote our engagement with ASU partner
institutions in China and ensure the movement of students
and faculty between China and Arizona," notes Deborah
Losse, dean of the Division of Humanities in the College of
Liberal Arts and Sciences.
"We have a responsibility to prepare our students
in Arizona for the global challenges and opportunities that
lie before them, and to prepare them to be responsible
global citizens. The Confucius Institute at ASU offers a
unique opportunity to bring the world a bit closer to these
students and to dramatically broaden their global
horizons," says Anthony "Bud" Rock, ASU vice
president for global engagement.
Additional information about Arizona State University's
China initiatives is online at http://www.asu.edu/china .
The first Confucius Institute in the United States was
founded at the University of Maryland in partnership with
Nankai University, Tianjin, China, in November 2004. As
outlined by the NOCFL, Confucius Institutes are devoted to
promoting the study of Chinese language and culture. They
take a number of different forms and execute diverse
responsibilities, depending upon the needs of the region
and the institute's role at the host institution. After a
pilot institute in Tashkent, Uzbekistan, in June 2004, the
first Confucius Institute in the world was officially
opened in November 2004 in Seoul, Korea Oceania.
For more information, please contact:
Carol Hughes
Arizona State University
Tel: +1-480-254-3753
Email: carol.hughes@asu.edu
HONG KONG, May 22 /Xinhua-PRNewswire/ -- International
law firm Sidley Austin advised J.P. Morgan Securities
Limited and ING Bank, London Branch, as initial purchasers
in connection with the issuance by Indo Integrated Energy
B.V. of its US$250 million 8.50% Senior Notes due 2012. The
Notes are guaranteed by the issuer's parent, PT Indika Inti
Energi, a leading Indonesian energy conglomerate with a
46.0% equity interest in the third-largest coal mine in
Indonesia. Sidley created a unique structure using
customary high-yield covenants to capture the dividend
stream from the minority-owned coal asset, which comprised
an integral part of the credit.
The Sidley team was led by Jason T. Elder and Matthew
Sheridan, partners in the corporate practice of Sidley's
Hong Kong office. The team also included Carrie Li,
Constance Chou, Stanley T. Ko, Xuemei Lu, Wendy Shen and
Clara Wong in Hong Kong; Irving Rotter and Guilherme
Ferraira (accounts structure) and Alex Gelinas and Brandon
Holder (tax) in New York; and Manoj Purush in Singapore.
Sidley is one of the world's largest full-service law
firms, with more than 1,700 lawyers practicing in 16
offices in Asia, Europe and the United States. Sidley is
consistently ranked at the top of the Thomson Financial
league tables.
For 2006, the firm was ranked as:
-- top issuer's counsel and third as underwriter's
counsel for U.S. debt,
equity and equity-related offerings;
-- top issuer's counsel and top underwriter's counsel
for U.S. investment
grade debt; and
-- top issuer's counsel and third underwriter's counsel
for U.S. straight
debt, including asset-backed and mortgage backed
securities.
In Asia, lawyers in the corporate finance team advise
clients on U.S., Hong Kong and English law in connection
with all types of equity, debt and equity-linked
transactions, including SEC-registered offerings in the
United States, international securities offerings pursuant
to Rule 144A and Regulation S governed by U.S. and English
law, The Stock Exchange of Hong Kong Main Board and Growth
Enterprise Market (GEM) listings, and issuances involving
the creation of ADR or GDR programs.
In 2005, Sidley ranked first in relation to the number
of transactions advising issuers and first (tied) in
relation to the number of transactions advising
underwriters for listings on The Stock Exchange of Hong
Kong Mainboard. (Asian Legal Business, Jan 2006).
In 2006, Sidley was named to Legal Business' Global
Elite, their survey of "the 15 finest law firms in the
world."
For purposes of the New York State Bar rules, this
press release may be considered Attorney Advertising and
the headquarters of the firm are Sidley Austin LLP 787
Seventh Avenue, New York, NY 10019, 212.839.5300 and Sidley
Austin LLP One South Dearborn, Chicago, IL 60603,
312.853.7000. Prior results described herein do not
guarantee a similar outcome.
For more information, please contact:
Sidley Austin
Janet Zagorin
Director of Practice Development
Tel: +1-212-839-8797
Email: jzagorin@sidley.com
Jason Elder
Partner
Tel: +1-852-2901-3879
Email: jelder@sidley.com
Rubenstein Communications
Dan Brady
Tel: +1-212-843-8292
Email: dbrady@rubenstein.com
SOURCE Sidley Austin
MONTEREY PARK, Calif., May 22 /Xinhua-PRNewswire/ --
First California Equity Group, LLC, recently announced
their plans to redevelop the property located at 220 North
Atlantic Boulevard, Monterey Park, the former site of the
Sunday Cafe restaurant. The project was approved on May 8,
2007 by the City of Monterey Park Planning Committee. The
$40 million, 54-unit mixed-use condominium and retail
complex will serve as a catalyst to revitalize the
underutilized North Atlantic Corridor by introducing
visually stunning architecture, a pedestrian-friendly
environment, and enhanced community and commerce to the
city. The project will seek to become Monterey Park's
first environmentally sustainable site development by
adhering to Leadership in Energy and Environmental Design
building and operation standards. LEED certification
requires that builders adhere to a whole-building approach
to sustainability through water savings, energy efficiency,
materials selection and attention to indoor environmental
quality.
Thoughtfully designed with Monterey Park's residents in
mind, the project has been planned to encourage community.
The site will incorporate a coffee shop and an upscale,
400-seat California fusion restaurant with space that may
be rented by the public for private functions such as
weddings, birthday parties, and corporate events. Nearly
20,000 square feet of landscaped, park-like open space will
be available for public gathering, art and music
performances. This space will also incorporate tasteful
art and water-feature sculpture for the public's enjoyment.
In order to minimize visual clutter and land waste, all
parking at the site will be underground. Guests to the
complex will experience maximum convenience with
first-class valet parking service.
"The Springfield project represents a new standard
of luxury living for both residents of Monterey Park and
future owners of the condominiums. The project will exceed
the design standards set forth in the City of Monterey
Park's General Plan, which was created in 2001 to create a
vision for the downtown area. In addition, it will provide
residents of Monterey Park with increased public space,
high-paying jobs in the project's management office,
restaurant and shops, and tax revenue from on-site
commerce. We are proud of the leadership role we are
taking in creating the future of this great community and
grateful to the city's leaders for their counsel in the
creation of this project," states Jason Chung, Owner
and Developer, First California Equity Group, LLC.
The project is scheduled for completion in Summer 2009.
For more information, please contact:
Robert Kim
First California Equity Group, LLC
Email: rhkim@renpacdev.com
SHANGHAI, China, May 22 /Xinhua-PRNewswire/ --
SHANGHAITEX 2007, which is sponsored by Shanghai Textile
Holding (Group) Corporation, CCPIT Shanghai Branch and ICC
China Shanghai Branch and organized by Shanghai Textile
Technology Service & Exhibition Centre, Adsale
Exhibition Services Ltd. and Shanghai International
Exhibition Co. Ltd., will be held in Shanghai's New
International Expo Center from June 1 to 4 and its
exhibition scale will reach 120,000 m2. This exhibition
will be highly specialized, technical and service-oriented,
serving as a trading platform with high-value returns to
introduce new technology and new products, upgrade brands
and develop the market for numerous textile enterprises.
(Logo:
http://www.xprn.com.cn/xprn/sa/20061108114544-37.jpg )
By the end of March 31, 2007, more than 1,400
manufacturers from over 20 countries had entered their
names, including Austria, Denmark, Brazil, the Netherlands,
Britain, France, Germany, India, Italy, Japan, South Korea,
China, Hong Kong SAR, Taiwan, Singapore, Switzerland,
Sweden, Spain, Turkey, and the USA. Additionally, 23
provinces, cities, and autonomous regions in China had
registered for the event, creating a total of more than 900
Chinese exhibitors and 500 foreign ones. All exhibition
booths have been confirmed or reserved. In order to satisfy
the exhibition needs of more companies, the temporary hall
is being prepared now.
This exhibition is highlighted by six characteristics:
1. The exhibition scale is the ever largest in history,
reaching 120,000 m2, and the exhibition space is divided
into nine indoor exhibition areas and a temporary shed. 2.
Different equipment and technology are exhibited in
corresponding specialized exhibition areas, breaking
through the former boundary between Chinese and foreign
exhibition areas to greatly facilitate professional
visitors who come from all parts of the world with
different needs. 3. In light of the current developmental
trend of dying and trimming technologies in the textile
industry, this exhibition focuses on new dying and trimming
technologies, which account for 30% of the entire
exhibition. 4. According to protection of environment and
energy by the state macro regulation and control, another
focus of this exhibition is on energy saving, with new
equipment and new technology for environmental protection.
5. The former routine measure is changed for the trade
liaison work in the exhibition. Apart from focusing on
purchasing overseas exhibits after the exhibition closes,
export of equipment and newly developed technology in China
is also emphasized. 6. In addition to attaching importance
to specialization, this exhibition pays more attention to
service. The online reservation system will be open for
visitors before the exhibition and the press center. The
office for putting high-tech achievements into production
and appraising companies, the IPR office and the trade
liaison department are all on-site to better serve
exhibitors and visitors.
As an exhibition for famous brands in the textile
machinery industry, SHANGHAITEX has always been followed
closely by the global textile industry. More than 130,000
professional visitors from over 60 countries or regions in
the world are expected to come to the event and hold talks
and, likewise, more than 40 private media outlets, and
public media from around the world as well as important
textile provinces within China, will cover the development
of SHANGHAITEX at the same time.
2007 is the key year in the "Eleventh
Five-Year" plan for China's textile industry, which
has entered the stage of tackling key technical problems,
industrializing key technical achievements, enhancing
independent innovative ability, pushing forward
technological progress and industrial upgrading, and
actively advancing the gradual transfer of the textile
industry. In order to raise the professional-added value of
the exhibition, exchange meetings on "Probing into
Applications of Close Spinning Technology" and
"Applications of New Spinning Technology and New
Products" will be held. There will also be seminars on
"New Equipment, New Technology and New Products for a
New Weaving" and "New Dying and Trimming
Technologies and Environment-friendly Chemicals".
Twelve sessions of SHANGHAITEX have been held since it
was initiated in 1984. From the 100,000 m2 in 2005 to the
120,000 m2 in this session, SHANGHAITEX has made great
progress. It has become one of the most influential
specialized exhibitions in Asia and, in particular, is
recognized by industry insiders as an authoritative and
forward-looking trade exchange event.
About Shanghai International Exhibition Co., Ltd.
(SIEC)
Shanghai International Exhibition Co., Ltd. (SIEC) is
jointly invested by Shanghai World Expo (Group) Co., Ltd.
and the Council for the Promotion of International Trade,
Shanghai. SIEC was founded on July 1st, 1984 with the
approval of the Ministry of Foreign Trade & Economic
Cooperation and the People's Government of Shanghai
Municipality.
The SIEC is a full member of Union des Foires
Internationales (UFI). The SIEC has held 500 international
exhibitions of various themes and sizes. It also has
successfully held a number of solo exhibitions at a
national level.
"AUTO SHANGHAI," "SHANGHAITEX,"
"CHINA CYCLE," "FASHION SHANGHAI,"
"ELE/PT COMM CHINA" are among the first eight
exhibitions approved by The Evaluation Committee of
Shanghai Conventional & Exhibition Industries.
For more information, please contact:
Stanley Dai
Show Manager
Tel: +86-21-6279-2828
Fax: +86-21-6545-5124
Email: ricesong@siec-ccpit.com
Web: http://www.siec-ccpit.com
Cenduit(TM) combines state-of-the-art technology with
clinical trial expertise
RESEARCH TRIANGLE PARK, N.C., May 22
/Xinhua-PRNewswire/ -- Quintiles Transnational Corp. and
Thermo Fisher Scientific Inc. (NYSE: TMO) today announced
the creation of a joint venture, called Cenduit(TM), that
provides seamless, integrated Interactive Response
Technology (IRT) services for pharmaceutical and
biotechnology product development.
IRT is a technology platform that integrates patient
interaction systems through a combination of Interactive
Voice Response (IVR) systems, Web interfaces and handheld
electronic patient diaries. The use of IRT is expected to
grow as pharmaceutical companies look to streamline and
better control increasingly complex drug development
processes.
"Cenduit brings together best-in-class technology,
exceptional customer service and global clinical trial
expertise to give biotechnology and pharmaceutical
companies a seamless, integrated 'one-stop' service for
support of their clinical development programs," said
Jogin Desai, Chief Executive Officer of Cenduit. "Our
efficiency and experience in IRT services and clinical
project management offers the drug development industry a
conduit to the broadest, most accurate, real-time view of
every detail in the process -- and a very competitive
solution." The name "Cenduit" signifies the
channel through which information can move directly and
freely. The prefix evokes the idea of a central point or
hub.
Thermo Fisher contributes to the joint venture its
Fisher Clinical Services IRT operations in three locations
-- Horsham, U.K.; Allentown, Penn., USA; and Basel,
Switzerland. Quintiles brings its IRT operations in
Bangalore, India, and Research Triangle Park, NC, USA,
which is the venture's headquarters.
Desai said the opportunity for an IRT business is
strong and growing: "Interactive Voice Response is
used in an estimated 30% of all Phase II-III clinical
trials, and this rate is expanding rapidly. With advances
in technology leading to even broader application through
Interactive Response Technology, we believe the market will
grow at a rate of about 20% per year, and we plan to offer a
service that can aggressively capitalize on this
opportunity."
Cenduit will be guided by a joint venture board of
directors, composed of representatives from each of the
founder companies. The board will provide guidance on
operational and strategic matters.
"Our companies have been looking for an
opportunity to leverage the particular service strengths we
bring to the drug development process," said Marijn E.
Dekkers, President and Chief Executive Officer, Thermo
Fisher Scientific. "With Cenduit, we have combined
two leaders -- the clinical supply chain expertise of our
Fisher Clinical Services business with the clinical
development expertise of Quintiles -- to offer a scalable,
seamless technology platform."
The two parent companies have worked together to create
something new for customers to provide them with more
control over the myriad details of their drug development
processes. "These are two businesses that know the
complexity of clinical trials and the optimal cohesiveness
and integration of their many work and data streams,"
said Oppel Greeff, Quintiles' Vice Chairman, Operations.
"The joint venture that we have created through
Cenduit offers the drug development industry the broadest,
most accurate view of every detail in the process."
Desai, the CEO, previously served in Quintiles as
Executive Director, Quintiles Cardiac Safety Services. A
medical doctor, Desai has had extensive prior work
experience in clinical research in the United States. He
joined Quintiles India in 2002 and has been instrumental in
building and expanding a highly successful global ECG
business, which has staff in India (Mumbai, Bangalore), the
UK (Bracknell), US (RTP) and Japan (Tokyo).
About Quintiles
Quintiles Transnational Corp. is powering the next
generation of healthcare by providing a broad range of
professional services in drug development, financial
partnering and commercialization for the pharmaceutical,
biotechnology and healthcare industries. With 17,000
employees and offices in more than 50 countries, it is
focused on providing customer-centric solutions that are
the gold standard of the industry. For more information,
visit www.quintiles.com.
About Thermo Fisher Scientific
Thermo Fisher Scientific Inc. (NYSE: TMO) is the world
leader in serving science, enabling our customers to make
the world healthier, cleaner and safer. With an annual
revenue rate of more than $9 billion, we employ 30,000
people and serve over 350,000 customers within
pharmaceutical and biotech companies, hospitals and
clinical diagnostic labs, universities, research
institutions and government agencies, as well as
environmental and industrial process control settings.
Visit http://www.thermofisher.com .
For more information, please contact:
Dick Jones
Media Relations
Tel: +1-919-998-2091
Email: media.info@quintiles.com
Greg Connors
Investor Relations
Tel: +1-919-998-2000
Email: invest@quintiles.com
SHANGHAI, China, May 22 /Xinhua-PRNewswire/ -- The9
Limited
(Nasdaq: NCTY) ("The9"), a leading online game
operator in China, announced today its unaudited financial
results for the first quarter ended March 31, 2007.
First Quarter 2007 Financial Highlights:
-- Net revenues for the first quarter of 2007
decreased by 4%
quarter-over-quarter and increased 27%
year-over-year to
RMB270.0 million (US$35.0 million).
-- Net revenues attributable to the operations of
Blizzard
Entertainment(R)'s World of Warcraft(R)
("WoW")(1), which
included revenues from game playing time,
merchandise and
installation package sales, decreased by 5%
quarter-over-quarter and increased 27%
year-over-year to
RMB266.3 million (US$34.5 million) in the first
quarter of
2007.
-- Net income for the first quarter of 2007 was
RMB66.1 million
(US$8.6 million), a 37% decrease from RMB105.1
million
(US$13.6 million) in the fourth quarter of 2006,
and a 12%
increase from RMB58.8 million (US$7.6 million) in
the first
quarter of 2006. Excluding a financial subsidy of
RMB19.8
million (US$2.6 million) received from the local
government,
gain on investment disposal of RMB23.4 million
(US$3.0
million) from the sale of certain equity
investment, and
impairment loss on one of our investments of
RMB20.4 million
(US$2.6 million) in the fourth quarter of 2006, net
income
for the first quarter of 2007 decreased by 20% from
the
previous quarter.
-- EBITDA (non-GAAP) was RMB117.7 million (US$15.2
million) in
the first quarter of 2007, a quarter-over-quarter
decrease of
20% from RMB146.6 million (US$19.0 million) in the
fourth
quarter of 2006, and a year-over-year increase of
18% from
RMB99.6 million (US$12.9 million) in the first
quarter of
2006.
-- Fully diluted earnings per share (one American
Depositary
Share "ADS" represents one ordinary
share) were RMB2.65
(US$0.34) for the first quarter of 2007, compared
with
RMB4.25 (US$0.55) for the fourth quarter of 2006,
and RMB2.42
(US$0.31) for the first quarter of 2006. Fully
diluted
EBITDA (non-GAAP) per share were RMB4.72 (US$0.61)
for the
first quarter of 2007, compared with RMB5.93
(US$0.77) for
the fourth quarter of 2006 and RMB4.10 (US$0.53)
for the
first quarter of 2006.
Management Comments:
With respect to the first quarter 2007 results, Jun
Zhu, Chairman and Chief Executive Officer of The9
commented, "We are pleased to report that The9 has
achieved solid financial results in the first quarter of
2007. Despite the seasonal holiday impact in the quarter,
we were able to maintain relatively stable user levels for
Blizzard Entertainment(R)'s World of Warcraft(R) game in
China. In the first quarter of 2007, we attained peak and
average concurrent WoW users in mainland China of
approximately 680,000 and 330,000, respectively. As of
March 31, 2007, over 7.5 million paid accounts had been
activated(2).
While we continue to prepare for the launch of WoW's
major expansion pack: The Burning Crusade(TM), we started
open beta testing for the highly anticipated Soul of The
Ultimate Nation(TM) game in China in April and achieved a
peak concurrent user level of over 400,000 users. We
believe the strong preliminary result of SUN's open beta
testing is indicative of The9's transition from a one-game
to a multi-game company with diversified sources of
revenue. In addition, Electronic Arts Inc. recently became
a strategic investor of The9, and concurrently with their
investment, we obtained the exclusive license to operate EA
SPORTS(TM) FIFA Online, a blockbuster online soccer game, in
mainland China. We recently also obtained the exclusive
license to operate Audition 2, an advanced casual dancing
online game, in mainland China. These exciting new
developments are solid proof of The9's ability to execute
our focused strategy of introducing high-quality games to
the China online game market and to further diversify our
game portfolio to include casual style games to address a
wider range of audiences."
Hannah Lee, Vice President and Chief Financial Officer,
commented, "Despite the seasonality impact to the WoW
game, we achieved solid financial and operational results
for the first quarter of 2007. With the upcoming launch of
The Burning Crusade(TM) expansion pack together with the
accompanying opening of a new server site, we expect, based
on responses from overseas players, that even more players
will be attracted to the World of Warcraft(R)game. SUN's
strong open beta testing results increased our confidence
that the game will bring additional sources of revenue for
the Company and will enhance and diversify the number of
our revenue-generating games. In addition to our strong
MMORPG portfolio, FIFA Online and Audition 2 will be The9's
initial steps into the growing casual game arena. We
believe The9 is well positioned for further sustainable
growth in the rapidly evolving Chinese online game
market."
Discussion of The9's First Quarter 2007 Results
(Preliminary Unaudited)
Revenues
For the first quarter of 2007, The9 reported total
gross revenues of RMB284.7 million (US$36.9 million), a 4%
decrease from RMB297.8 million (US$38.6 million) in the
fourth quarter of 2006 and a 27% increase from RMB223.5
million (US$28.9 million) in the first quarter of 2006.
Total net revenues were RMB270.0 million (US$35.0 million),
a 4% decrease from RMB282.7 million (US$36.6 million) in the
fourth quarter of 2006 and a 27% increase from RMB212.1
million (US$27.5 million) in the first quarter of 2006.
The quarter-over-quarter revenue decrease was mainly due to
the seasonal impact on Blizzard Entertainment(R)'s World of
Warcraft(R)'s usage during the Chinese New Year and winter
holiday.
Net revenues attributable to the operations of Blizzard
Entertainment(R)'s World of Warcraft(R), including game
playing time, merchandise and installation package sales,
were RMB266.3 million (US$34.5 million) in the first
quarter of 2007, a 5% decrease from the previous quarter
due primarily to the holiday impact, and a 27% increase
from the same period of last year.
For the first quarter of 2007, online game services
gross revenues were RMB281.3 million (US$36.4 million), a
5% decrease from RMB296.7 million (US$38.4 million) in the
fourth quarter of 2006 and a 27% increase from RMB220.8
million (US$28.6 million) in the first quarter of 2006.
For the first quarter of 2007, gross revenues from game
operating support, website solutions and advertisement, were
RMB2.6 million (US$0.3 million), an increase of 430% from
the previous quarter and 247% from the same period of last
year. The increase in these revenues was mainly due to
certain technical support services provided in the quarter,
where no such services were provided in the previous quarter
or in the same period last year.
Other gross revenues mainly included sales of WoW
related merchandise and installation packages. For the
first quarter of 2007, other gross revenues were RMB0.8
million (US$0.1 million) compared to RMB0.6 million
(US$0.08 million) in the fourth quarter of 2006 and RMB1.9
million (US$0.2 million) in the first quarter of 2006. The
quarter-over-quarter increase was primarily due to sales of
installation packages of the Guild Wars game during the
first quarter of 2007 when it commenced open beta testing
while there were no such revenues in the previous quarter.
Gross Profit
Gross profit for the first quarter of 2007 decreased by
3% quarter-over-quarter but increased 37% year-over-year to
RMB130.3 million (US$16.9 million). The sequential
decrease of gross profit was mainly due to decreased
revenues as mentioned above. Gross profit margin for the
first quarter 2007 remained relatively stable at 48%
compared to the previous quarter, but improved from 45% in
the same period of last year.
Operating Expenses
For the first quarter of 2007, operating expenses were
RMB58.1 million (US$7.5 million), a 6% increase from
RMB54.7 million (US$7.1 million) in the previous quarter
and a 52% increase from RMB38.3 million (US$5.0 million) in
the same period of last year. The sequential increase in
operating expenses was primarily due to increased product
development expenses relating to certain costs for Soul of
The Ultimate Nation(TM) and Guild Wars during their
respective closed and open beta testing phases, partially
offset by decreased sales and marketing expenses incurred
for WoW as relatively less updates were introduced in the
first quarter.
Income from Operations
For the first quarter of 2007, profit from operations
decreased by 10% quarter-over-quarter but increased 27%
year-over-year to RMB72.1 million (US$9.3 million).
Operating margin for the first quarter of 2007 was 27%,
remained stable compared to 28% in the previous quarter and
27% in the same period of last year. The slight sequential
decline of operating margin was a combined result of
decreased revenues and increased operating expenses as
mentioned above.
Other Income (Expenses)
Other expenses for the first quarter of 2007 was RMB0.9
million (US$0.1 million) compared to other income of RMB19.1
million (US$2.5 million) in the fourth quarter of 2006 and
other expenses of RMB0.5 million (US$0.06 million) in the
first quarter of 2006. The sequential difference was
primarily due to the receipt of a financial subsidy of
RMB19.8 million (US$2.6 million) from the local government
in the fourth quarter of 2006, compared to no such
financial subsidy being received in the first quarter of
2007.
Income Tax Benefit (Expense)
Income tax expense for the first quarter of 2007 was
RMB8.1 million (US$1.0 million) compared to income tax
benefit of RMB1.0 million (US$0.1 million) in the fourth
quarter of 2006 and income tax benefit of RMB0.2 million
(US$0.02 million) in the first quarter of 2006. This was
primarily due to the increase of effective tax rate
following the expiration of income tax holiday of a
significant PRC subsidiary, partially offset by adjustments
of RMB7.2 million (US$0.9 million) to deferred tax valuation
allowances due to the anticipated utilization of tax loss
carry forward.
Gain (Loss) on Equity Investments
For the first quarter of 2007, loss on equity
investments, net of taxes, amounted to RMB1.5 million
(US$0.2 million), compared to a loss of RMB1.1 million
(US$0.1 million) for the fourth quarter of 2006, and a gain
of RMB1.1 million (US$0.1 million) for the first quarter of
2006. The sequential increase in loss on equity
investments was primarily because most of the existing
affiliated companies were still in the game development or
early game commercialization stages, thus contributed
losses in the first quarter of 2007; whereas in the fourth
quarter of 2006, the joint venture that operates Blizzard
Entertainment(R)'s World of Warcraft(R) in other greater
China regions, which we disposed of in late 2006, recorded
a gain during the fourth quarter of 2006, which offset, to
a large extent, the losses incurred by the other affiliated
companies.
Net Income
For the first quarter of 2007, net income was RMB66.1
million (US$8.6 million), which decreased by 37%
quarter-over-quarter from RMB105.1 million (US$13.6
million) in the fourth quarter of 2006 but increased by 12%
year-over-year compared to RMB58.8 million (US$7.6 million)
in the first quarter of 2006. The sequential decrease of
net income was a result of the cumulative effect of the
foregoing factors. Excluding a financial subsidy of
RMB19.8 million (US$2.6 million) received from the local
government, gain on investment disposal of RMB23.4 million
(US$3.0 million) from the sale of certain equity
investment, and impairment loss on one of our investments
of RMB20.4 million (US$2.6 million) in the fourth quarter
of 2006, net income for the first quarter of 2007 decreased
by 20% from the previous quarter.
Fully diluted earnings per share and per ADS for the
first quarter of 2007 was RMB2.65 (US$0.34), compared to
RMB4.25 (US$0.55) in the fourth quarter of 2006 and RMB2.42
(US$0.31) in the first quarter of 2006.
EBITDA (non-GAAP) is defined as earnings before
depreciation of fixed assets, amortization of intangibles
and income tax expenses/benefits, as applicable. For the
first quarter of 2007, EBITDA (non-GAAP) was RMB117.7
million (US$15.2 million) compared to EBITDA (non-GAAP) of
RMB146.6 million (US$19.0 million) for the previous quarter
and RMB99.6 million (US$12.9 million) for the same period of
last year.
For the first quarter of 2007, fully diluted EBITDA
(non-GAAP) per share was RMB4.72 (US$0.61) compared with
RMB5.93 (US$0.77) for the fourth quarter of 2006 and
RMB4.10 (US$0.53) in the first quarter of 2006.
As at March 31, 2007, the Company's total cash and cash
equivalents balance was RMB859.6 million (US$111.3 million).
The decrease in cash and cash equivalents from RMB937.8
million (US$121.4 million) as at December 31, 2006 was
mainly due to the combined result of capital expenditures
on a new server site and upgrades of existing server sites
in preparation for the launch of World of Warcraft: The
Burning Crusade(TM), payments relating to the purchase of
our headquarter office building in Shanghai, as well as
prepaid royalty payments to the licensor relating to World
of Warcraft(R)'s China operations, offset in part by
receipts from prepaid game points, and final receipts of
proceeds from the disposal of our investment in the joint
venture that operates World of Warcraft(R) in the other
regions of greater China.
The conversion of Renminbi (RMB) into U.S. dollars
(US$) in this press release is based on the noon buying
rate in The City of New York for cable transfers in
Renminbi per U.S. dollar as certified for customs purposes
by the Federal Reserve Bank of New York as of March 30,
2007 (the last business day of first quarter of 2007),
which was RMB7.7232 to US$1.00. The percentages stated in
this press release are calculated based on the RMB
amounts.
Non-GAAP Measure
To supplement the consolidated financial statements
presented in accordance with accounting principles
generally accepted in the United States ("GAAP"),
The9 uses the non-GAAP measure of EBITDA, which is adjusted
from the most directly comparable financial measures
calculated and presented in accordance with GAAP to exclude
certain expenses. The non-GAAP financial measure is
provided to enhance investors' overall understanding of the
Company's operating performance.
EBITDA (non-GAAP) is defined as earnings before
depreciation of fixed assets, amortization of intangibles
and income tax expenses/benefits, as applicable. The
Company believes its EBITDA provides useful information to
both management and investors as it excludes certain
expenses that are not expected to result in future cash
payments. The use of EBITDA has certain limitations.
Depreciation and amortization expense for various assets
and income tax expenses/benefits have been and will be
incurred and are not reflected in the presentation of
EBITDA. Each of these items should also be considered in
the overall evaluation of our results. EBITDA should not be
considered as a measure of our liquidity. We compensate for
these limitations by providing the relevant disclosure of
our depreciation and amortization, and income tax
expenses/benefits in our reconciliations to the GAAP
financial measure, which should be considered when
evaluating our performance. EBITDA is not defined under
GAAP, and our EBITDA is not a measure of net income,
operating income, operating performance or liquidity
presented in accordance with GAAP. When assessing our
operating performance, you should not consider this data in
isolation or as a substitute for our net income, operating
income or any other operating performance measure that is
calculated in accordance with GAAP. In addition, our
EBITDA may not be comparable to similarly titled measures
utilized by other companies since such other companies may
not calculate EBITDA in the same manner as we do. For more
information on this non-GAAP financial measure, please see
the tables captioned "Reconciliation of non-GAAP to
GAAP results" set forth at the end of this release.
Other Developments
The9 today also announced that Mr. Alan Chen, Vice
President and Chief Technology Officer, will be leaving the
Company on June 30, 2007 due to personal reasons. Mr.
Huanxin Jiang, currently our Senior Technical Director,
will be promoted Vice President, effective June 30, 2007.
Mr. Jiang joined The9 in February 2004 and after this
promotion he will be in charge of our technical
operations.
In addition, in recognition to their contribution to
the Company, Ms. Hannah Lee, currently our Vice President
& Chief Financial Officer, and Mr. Jun Yao, currently
our Vice President, will be promoted to Senior Vice
President & Chief Financial Officer, and Senior Vice
President, respectively, effective June 30, 2007.
Conference Call / Webcast Information
The9's management team will host a conference call on
Monday, May 21, 2007 at 9:00 PM, US Eastern Time,
corresponding with Tuesday, May 22, 2007 at 9:00 AM,
Beijing Time, to present an overview of The9's financial
performance and business operations.
Investors, analysts and other interested parties will
be able to access the live conference by calling
+1-617-597-5329, password "41286252". In the
U.S., members of the financial community may also
participate in the call by dialing toll-free
+1-866-383-7998, password "41286252". A replay
of the call will be available through May 29, 2007. The
dial-in details for the replay: U.S. toll free number
+1-888-286-8010, International dial-in number
+1-617-801-6888; Password "22906365".
The9 Limited will also provide a live webcast of the
earnings call. Participants in the webcast should log onto
the Company's web site www.corp.the9.com 15 minutes prior to
the call, then click on the icon for "The9 Limited Q1
2007 Earnings Conference Call" and follow the
instructions.
About The9 Limited
The9 Limited is a leading online game operator in
China. The9's business is primarily focused on operating
and developing high-quality games for the Chinese online
game players market. The9 directly or through affiliates
operates licensed MMORPGs, consisting of MU(R), Blizzard
Entertainment(R)'s World of Warcraft(R), Soul of The
Ultimate Nation(TM), and its first proprietary MMORPG,
Joyful Journey West(TM), in mainland China. It has also
obtained exclusive licenses to operate additional MMORPGs
and advanced casual games in China, including Granado
Espada, Guild Wars, Hellgate: London, Ragnarok Online 2,
Emil Chronicle Online, Huxley, FIFA Online, and Audition 2.
In addition, The9 is also working on the development of a
3D fantasy MMORPG game, Fantastic Melody Online(TM).
Safe Harbor Statement
This announcement contains forward-looking statements.
These statements are made under the "safe harbor"
provisions of the U.S. Private Securities Litigation Reform
Act of 1995. These forward-looking statements can be
identified by terminology such as "will,"
"expects," "anticipates,"
"future," "intends," "plans,"
"believes," "estimates" and similar
statements. Among other things, the business outlook and
quotations from management in this press release contain
forward-looking statements. The9 may also make written or
oral forward-looking statements in its periodic reports to
the U.S. Securities and Exchange Commission on Forms 20-F
and 6-K, etc., in its annual report to shareholders, in
press releases and other written materials and in oral
statements made by its officers, directors or employees to
third parties. Statements that are not historical facts,
including statements about The9's beliefs and expectations,
are forward-looking statements. Forward-looking statements
involve inherent risks and uncertainties. A number of
important factors could cause actual results to differ
materially from those contained in any forward-looking
statement. Potential risks and uncertainties include, but
are not limited to, The9's limited operating history as an
online game operator, political and economic policies of
the Chinese government, the laws and regulations governing
the online game industry, information disseminated over the
Internet and Internet content providers in China,
intensified government regulation of Internet cafes, The9's
ability to retain existing players and attract new players,
license, develop or acquire additional online games that
are appealing to users, anticipate and adapt to changing
consumer preferences and respond to competitive market
conditions, and other risks and uncertainties outlined in
The9's filings with the U.S. Securities and Exchange
Commission, including its annual reports on Form 20-F.
The9 does not undertake any obligation to update any
forward-looking statement, except as required under
applicable law.
(1) World of Warcraft(R) and Blizzard Entertainment(R)
are trademarks or registered trademarks of Blizzard
Entertainment(R), Inc. in the U.S. and/or other countries.
(2) Activated paid accounts represent the number of CD
Keys that we sold to customers and have been activated by
customers to log-on to Blizzard Entertainment(R)'s World of
Warcraft(R) game in China.
THE9 LIMITED
CONSOLIDATED STATEMENTS OF INCOME
(Expressed in Renminbi - RMB and US Dollars - US$,
except share data)
Quarter Ended
March 31, December 31, March
31, March 31,
2006 2006
2007 2007
RMB RMB RMB
US$
(unaudited) (unaudited)
(unaudited) (unaudited)
Revenues:
Online game
services 220,780,344 296,721,036
281,304,681 36,423,332
Game operating
support, website
solutions and
advertisement 755,100 495,169
2,623,071 339,635
Other revenues 1,929,118 598,872
769,488 99,633
223,464,562 297,815,077
284,697,240 36,862,600
Sales Taxes (11,317,419) (15,138,187)
(14,695,927) (1,902,829)
Net Revenues 212,147,143 282,676,890
270,001,313 34,959,771
Cost of Services (117,045,133) (147,970,185)
(139,741,064) (18,093,674)
Gross Profit 95,102,010 134,706,705
130,260,249 16,866,097
Operating
Expenses:
Product
development (8,906,763) (5,176,455)
(9,594,597) (1,242,308)
Sales and
marketing (11,026,504) (17,982,287)
(16,092,437) (2,083,649)
General and
administrative (18,337,604) (31,501,431)
(32,445,657) (4,201,064)
Total operating
expenses: (38,270,871) (54,660,173)
(58,132,691) (7,527,021)
Profit from
operations 56,831,139 80,046,532
72,127,558 9,339,076
Interest income,
net 1,208,529 3,023,648
4,408,329 570,790
Other income
(expenses), net (498,355) 19,123,592
(873,104) (113,050)
Income before
income tax
benefit (expense),
gain on investment
disposal and gain
(loss) on equity
investments 57,541,313 102,193,772
75,662,783 9,796,816
Income tax benefit
(expense) 188,891 1,015,569
(8,073,294) (1,045,330)
Income before gain
on investment
disposal,
impairment loss
on investment
and gain (loss)
on equity
investments 57,730,204 103,209,341
67,589,489 8,751,486
Gain on investment
disposal - 23,409,702
- -
Impairment loss on
investment - (20,401,915)
- -
Gain (loss) on
equity
investments, net
of taxes 1,077,589 (1,148,792)
(1,504,470) (194,799)
Net income 58,807,793 105,068,336
66,085,019 8,556,687
Other
comprehensive
income:
Translation
adjustments 37 -
- -
Comprehensive
Income 58,807,830 105,068,336
66,085,019 8,556,687
Earnings per share
- Basic 2.42 4.28
2.67 0.35
- Diluted 2.42 4.25
2.65 0.34
Weighted average
shares outstanding
- Basic 24,252,920 24,564,824
24,730,143 24,730,143
- Diluted 24,301,835 24,713,922
24,969,420 24,969,420
THE9 LIMITED
CONSOLIDATED BALANCE SHEETS
(Expressed in Renminbi - RMB and US Dollars - US$)
As at
December 31, 2006 March 31,
2007 March 31, 2007
RMB RMB
US$
(unaudited) (unaudited)
(unaudited)
Assets
Current Assets
Cash and cash equivalents 937,845,817 859,597,646
111,300,710
Accounts receivable 10,174,484 10,417,201
1,348,819
Advances to suppliers 9,036,620 5,949,176
770,299
Prepayments and other
current assets 69,153,131 39,486,507
5,112,713
Prepaid royalties 27,558,207 17,248,311
2,233,311
Deferred costs 33,324,942 34,940,184
4,524,055
Deferred tax assets, current - 7,559,570
978,813
Total current assets 1,087,093,201 975,198,595
126,268,720
Investments in equity
investees 30,117,605 28,613,136
3,704,829
Property, equipment and
software 227,512,006 225,860,116
29,244,370
Goodwill 30,199,751 30,199,751
3,910,264
Intangible assets 244,271,279 243,141,511
31,481,965
Prepayment for office
building and equipments - 244,628,873
31,674,549
Long-term deposit - 454,212
58,811
Deferred tax assets,
non-current 5,391,123 7,788,458
1,008,450
Total Assets 1,624,584,965 1,755,884,652
227,351,958
Liabilities and Shareholders' Equity
Current Liabilities
Accounts payable 12,692,978 29,478,199
3,816,837
Due to related parties 332,797 385,186
49,874
Income tax payable - 18,030,198
2,334,550
Other taxes payable 23,589,754 16,526,947
2,139,909
Advances from customers 88,040,975 110,928,121
14,362,974
Deferred revenue 111,302,531 119,310,200
15,448,286
Other payables and accruals 52,467,643 42,598,296
5,515,627
Total current liabilities 288,426,678 337,257,147
43,668,057
Minority interests - -
-
Commitments and contingencies - -
-
Shareholders' Equity
Common shares (US$0.01 par
value; 24,688,038 shares
issued and outstanding as of
December 31, 2006, 24,773,412
shares issued and outstanding
as of March 31, 2007) 2,041,673 2,048,292
265,213
Additional paid-in capital 941,786,807 958,164,387
124,063,133
Statutory reserves 20,745,422 20,745,422
2,686,117
Retained earnings 371,584,385 437,669,404
56,669,438
Total shareholders'
equity 1,336,158,287 1,418,627,505
183,683,901
Total liabilities and
shareholders' equity 1,624,584,965 1,755,884,652
227,351,958
THE9 LIMITED
RECONCILIATION OF NON-GAAP TO GAAP RESULTS
(Expressed in Renminbi - RMB and US Dollars - US$,
except share data)
Quarter
Ended
March 31, December 31, March
31, March 31,
2006 2006
2007 2007
RMB RMB
RMB US$
(unaudited) (unaudited)
(unaudited) (unaudited)
GAAP net income 58,807,793 105,068,336
66,085,019 8,556,687
Depreciation of
property, equipment
and software 18,030,884 21,666,970
23,124,444 2,994,153
Amortization of
intangible assets 22,942,091 20,885,566
20,465,268 2,649,843
Income tax expense
(benefit) (188,891) (1,015,569)
8,073,294 1,045,330
EBITDA (Non-GAAP) 99,591,877 146,605,303
117,748,025 15,246,013
GAAP earnings per share
- Basic 2.42 4.28
2.67 0.35
- Diluted 2.42 4.25
2.65 0.34
Non-GAAP EBITDA per share
- Basic 4.11 5.97
4.76 0.62
- Diluted 4.10 5.93
4.72 0.61
Weighted average shares
outstanding
- Basic 24,252,920 24,564,824
24,730,143 24,730,143
- Diluted 24,301,835 24,713,922
24,969,420 24,969,420
For further information, please contact:
Ms. Dahlia Wei
Senior Manager, Investor Relations
The9 Limited
Tel: +86-21-5172-9990
Email: IR@corp.the9.com
Website: http://www.corp.the9.com
AIS Expands Nationwide Mobile Content Search, also
leverages MCN's Mobilesearch.net Platform for Music Click
services
MOUNTAIN VIEW, Calif., May 22 /Xinhua-PRNewswire/ --
Mobile Content Networks (MCN) a leading global provider of
mobile search solutions, today announced its selection by
AIS, Thailand's largest mobile operator with 21 million
subscribers, to provide mobile content search services for
AIS's mobileLIFE WAP portal. In addition, MCN will provide
customized search for AIS's popular Music Click services.
With MCN's Mobilesearch.net search platform in place
AIS now gives its subscribers real-time access to the
content they want with fewer clicks and more relevant
search results across numerous channels of mobile content,
including music, games, ringtones, and images.
"AIS's passion to continually improve the
subscriber experience drove aggressive timelines for
launching improved search services," said Marc
Bookman, CEO of MCN. "We drew upon our global
experience, as well as our recently announced platform
upgrades, to rapidly deliver a customized solution that
will increase revenues and customer satisfaction."
About ADVANCED INFO SERVICE PLC.
In 1990, Advanced Info Service Plc. was awarded the
Concession from the Telephone Organization of Thailand
(TOT) to invest and operate a mobile phone network in the
frequency of 900 MHz for 20 years. AIS has continuously
enhanced and expanded its network in order to respond to
the market and technological advances, while keeping
abreast of consumers' growing demands and needs. It
continues to integrate the latest in advanced technology
and deliver more than just voice communication, with GPRS
and EDGE technology.
AIS strongly believes that wireless communications
bring changes to the way Thai people live their life,
regardless of who they are and what they do.
http://www.ais.co.th
About Mobile Content Networks (MCN)
Founded in Palo Alto in 2004 after years of research
into the unique characteristics of mobile search, MCN is
the leading provider of real-time mobile search services
that support wireless operators and content providers
worldwide. MCN operates MobileSearch.net, an agile,
scalable, global search platform that allows partners to
drive traffic to content and create sustainable, profitable
search businesses. MCN's patent-pending mobile search
technology supports virtually all content sources, all
languages, and any type of mobile client software. MCN has
offices in Silicon Valley, Japan, Thailand and Finland.
Please visit http://www.mcn-inc.com .
For more information, please contact:
Stephen Burke
MCN Inc.
Tel: +1-415-509-8600
Email: media@mcn-inc.com
Four Points by Sheraton and Sheraton Halong Bay will open
in northeastern region of Vietnam in 2008 and 2010
SINGAPORE, May 22 /Xinhua-PRNewswire/ -- Starwood
Hotels & Resorts Worldwide, Inc. (NYSE: HOT) today
announced that it has reached an agreement with Royal
International Corporation to develop two hotels in the
World Heritage site of Halong Bay, Vietnam : Sheraton
Halong Bay Resort and Four Points by Sheraton Halong Bay.
The 160-room Four Points by Sheraton hotel is expected to
open in early 2008 and the 300-room Sheraton Halong Bay
Resort will open in 2010. The Four Points by Sheraton
Halong Bay will also be the first Four Points by Sheraton
hotel to open in Vietnam. Starwood currently operates
Sheraton Saigon Hotel & Towers and Sheraton Hanoi Hotel
in Vietnam.
The two-hotel project further strengthens the position
of Starwood as one of the largest international upscale
hotel chains in the Thailand and Indochina region (Vietnam,
Cambodia and Laos). Starwood currently operates 13 hotels
in the region, with 11 more under development in Bangkok,
Chiang Mai, Chiang Rai, Pattaya, Hua Hin, Koh Samui, Angkor
and now Halong Bay.
"Starwood is excited to bring two of its renowned
brands to the fast-growing Indochina region. The Sheraton
and Four Points by Sheraton brands each bring to life their
own distinct brand positionings, delivering a differentiated
travel experience for travelers," commented Miguel Ko,
President of Starwood Hotels & Resorts, Asia Pacific.
"Vietnam is amongst the fastest growing nations in
Southeast Asia and in the world, with GDP growth
anticipated at 7.1% and tourism growth at 20%. Since early
this year, about 1.462 million foreign tourists have visited
Vietnam, up about 12.5% from the previous year. We also
expect Vietnam's entry into World Trade Organization (WTO)
to drive leisure and business travel into the country as it
gains international prominence. The growing demand presents
to us tremendous opportunities as the first international
upscale hotel group to debut in Halong Bay, a popular
tourist destination in Vietnam," added Ko.
Halong Bay is located in northeastern part of Vietnam
and consists of a cluster of 1969 limestone monolithic
islands which rise from the ocean along a 120 kilometer
coastline, forming a spectacular seascape of limestone
pillars. In 1994, UNESCO recognized it as a World Heritage
site for its geographical and geomorphologic values,
confirming the global premier value of H-long Bay. Halong
Bay is also attached to the glorious pages of Vietnamese
history and home to the great biodiversity with typical
eco-systems like mangrove forest, coral and tropical
forests. Halong Bay is also popularly known as the film
site for the James Bond movie "Tomorrow Never
Dies" and was also featured on Amazing Race 10 in
2006. Halong Bay is approximately 170 km east of Hanoi,
the capital city of Vietnam (approximately 2.5 hours by
car).
Four Points by Sheraton Halong Bay's facilities will
include 160 rooms, 4 restaurants and lounge, 2 meeting
rooms, a gym, spa and indoor swimming pool. Sheraton
Halong Bay Resort will feature 300 rooms, with 4
restaurants and lounge, a gym, outdoor pool and spa, as
well as over 1,500 square meters of meeting space. Both
hotels will be developed on a 12 hectare site, which is
slightly undulating and gently sloping upwards, offering
guests breathtaking views of Halong Bay.
Starwood Hotels & Resorts Worldwide
Starwood Hotels & Resorts Worldwide, Inc. is one of
the leading hotel and leisure companies in the world with
approximately 850 properties in more than 95 countries and
145,000 employees at its owned and managed properties.
Starwood(R) Hotels is a fully integrated owner, operator
and franchisor of hotels and resorts with the following
internationally renowned brands: St. Regis(R), The Luxury
Collection(R), Sheraton(R), Westin(R), Four Points(R) by
Sheraton, W(R), Le M¨¦ridien(R) and the recently announced
aloftSM and ELEMENTSM Hotels. Starwood Hotels also owns
Starwood Vacation Ownership, Inc., one of the premier
developers and operators of high quality vacation interval
ownership resorts. For more information, please visit
http://www.starwoodhotels.com .
(Note: This press release contains forward-looking
statements within the meaning of federal securities
regulations. Forward-looking statements are not guarantees
of future performance or events and involve risks and
uncertainties and other factors that may cause actual
results or events to differ materially from those
anticipated at the time the forward-looking statements are
made. These risks and uncertainties are presented in detail
in our filings with the Securities and Exchange Commission.
Although we believe the expectations reflected in such
forward-looking statements are based upon reasonable
assumptions, we can give no assurance that our expectations
will be attained or that results and events will not
materially differ. We undertake no obligation to publicly
update or revise any forward-looking statement, whether as
a result of new information, future events or otherwise.)
For more information, please cotact:
June Seah
Marketing Manager, Greater China & Taiwan
Starwood Hotels & Resorts
Tel: +86-21-6141-7792
Fax: +86-21-6391-8220
Email: june.seah@starwoodhotels.com
Data From Multicentre Registry Show Significant Benefit
With Closed-Cell Stents in the Treatment of Carotid Artery
Stenosis
PARIS, May 22 /Xinhua-PRNewswire/ -- Boston Scientific
Corporation (NYSE: BSX) welcomed results from a large
independent registry confirming the benefit of closed-cell
stents in patients with carotid artery stenosis. The
results, published in the February 2007 issue of the
European Journal of Vascular and Endovascular Surgery, show
that symptomatic patients treated with closed-cell stents
had significantly fewer complications after the stent was
implanted than patients who received open-cell stents. In
particular, the Carotid WALLSTENT(TM) was used in 66% of
patients in the registry and had the lowest 30-day
post-procedural event rate of 1.2% in symptomatic
patients.(1)
The 3,179 patients with carotid artery stenosis
(narrowing of the arteries in the neck supplying blood to
the brain) included in the registry experienced
significantly fewer strokes, deaths or transient ischaemic
attacks (TIA) within 30 days of the procedure if they
received a closed-cell stent (P = 0.002). These stents
cover more of the artery wall than open-cell stents because
they have overlapping or fully connecting struts, and have
less space between struts (a smaller free cell area). A
free cell area of less than 2.5 mm(2) was associated with a
post-procedural complication rate of 1.2%, compared with
3.4% for a free cell area of more than 7.5 mm(2) (P =
0.006).(1)
The differences were even greater in patients with
symptomatic disease who had already suffered a TIA or
stroke and were at higher risk of having another event. In
these patients, the post-procedural event rate was 1.3% for
closed-cell stents (< 5 mm(2) free cell area), compared
with 6.3% for open-cell stents (> 5 mm(2) free cell
area) (P < 0.0001).(1) The post-procedural rates for
free cell areas of < 2.5 mm(2) and > 7.5 mm(2) were
1.2% and 7.0%, respectively (P < 0.0001).(1)
Lead investigator Dr. Marc Bosiers, from the Department
of Vascular Surgery, St Blasius Academic Hospital,
Dendermonde, Belgium, explains the importance of these
results: "After carotid angioplasty and stenting,
patients are at risk for post-procedural complications
within 30 days of the procedure. Closed-cell stents, with
their smaller free cell area, provide better scaffolding
and lesion coverage and were shown to reduce
post-procedural adverse events in our study. In the
symptomatic population, late complication rates were
highest for the open-cell stents and increased with larger
free cell area. For the time being, consideration should be
given to the use of stents with a small free cell area,
especially in symptomatic patients."
About 4-8% of the population has advanced carotid
artery disease,(2) Which puts them at high risk of a TIA or
stroke. TIAs involve stroke symptoms lasting only a few
minutes or hours and provide an important clinical
indicator for potential future stroke, with 10-20% of
sufferers having a full-blown stroke within a month.(3)
Approximately one-third of people who have had a stroke die
within a month and one-third are left with disabilities.(4)
Carotid artery stenting is a minimally invasive
procedure in which a stent is delivered to the site of the
blockage and expanded to open the carotid artery and
restore blood flow. Stents are tiny wire mesh tubes that
are inserted into arteries to help keep the vessel open and
therefore maintain blood flow. Closed-cell stents, such as
the Carotid Wallstent(TM) and the NexStent(TM) Carotid
Stent, have overlapping or fully connecting struts, so they
have less free cell area and cover 5-10 times more of the
artery wall than open-cell stents.
The registry recorded outcomes from carotid stenting
using a range of closed- and open-cell stent devices at
four centres in Belgium and Italy. The closed-cell stents
included the Carotid WALLSTENT(TM) (1.08 mm(2) free cell
area), Xact(R) (2.74 mm(2)) and NexStent(TM) (4.07 mm(2)).
The open-cell stents included Precise(R) (5.89 mm(2)),
Exponent(R) (6.51 mm(2)), Protege(R) (10.71 mm(2)) and
Acculink(R) (11.48 mm(2)).(x) The Carotid WALLSTENT(TM) was
the most frequently used stent and was placed in 2,107 of
the 3,179 patients.(1)
"As a leader in the field of cardiovascular device
technology, Boston Scientific is delighted that this
independent registry confirms the value of closed-cell
stents, such as the Carotid WALLSTENT(TM) or the
NexStent(TM), which provide excellent scaffolding and
lesion coverage," said Jeff Goodman, President of
Boston Scientific International. "Our Carotid stents
offer a triple combination of benefits for the patient:
optimal scaffolding, cell design and radial force."
Boston Scientific Corporation is a worldwide developer,
manufacturer and marketer of medical devices whose products
are used in a broad range of interventional medical
specialties. For more information, please visit
http://www.bostonscientific.com .
This press release contains forward-looking statements.
Boston Scientific wishes to caution the reader of this press
release that actual results may differ from those discussed
in the forward-looking statements and may be adversely
affected by, among other things, risks associated with new
product development and commercialization, clinical trials,
intellectual property, regulatory approvals, competitive
offerings, Boston Scientific's overall business strategy,
and other factors described in Boston Scientific's filings
with the Securities and Exchange Commission.
References
(1) Bosiers M, de Donato G, Deloose K, et al. Does free
cell area influence the outcome in carotid artery stenosis.
Eur J Vasc Endovasc Surg 2007;33:135-141.
(2) Dodick DW, Meissner I, Meyer FB, Cloft HJ.
Evaluation and management of asymptomatic carotid artery
stenosis. Mayo Clin Proc 2004;79:937-944.
(3) The Stroke Association. Stroke statistics sheet R11
http://www.stroke.org.uk/information/our_publications/factsheets/r11_
stroke.html (last accessed 21 May 2007). (Due to the length
of this URL, it may be necessary to copy and paste this
hyperlink into your Internet browser's URL address field.
Remove the space if one exists.)
(4) Global burden of stroke. WHO Atlas of Heart Disease
and Stroke 2004.
http://www.who.int/cardiovascular_diseases/en/cvd_atlas_15_burden_stroke.pdf
(last accessed 21 May 2007).
(x)Carotid WALLSTENT and NexStent are trademarks of
Boston Scientific Corporation. Xact and Acculink are
trademarks of Abbot Laboratories. Precise is a trademark of
Cordis Corp. Exponent is a trademark of Medtronic Vascular,
Inc. Protege is a trademark of ev3, Inc.
For more information, please contact:
Geraldine Varoqui
Boston Scientific PR Manager International
Tel: +49-2102-489-461
Email: varoquig@bsci.com
Tracy Paul
BSC press office,
Tel: +44-20-7413-3101
Email: tpaul@medicalknowledgegroup.com
-- NATO Confirms That Blancco Sanitizes Hard Drives up to
SECRET Levels
JOENSUU, Finland, May 21 /Xinhua-PRNewswire/ -- Blancco
Ltd., the world's leading data erasure software company has
recently been included in the NATO Information Assurance
Catalog (NIAPC). Now NATO Members may use Blancco - Data
Cleaner+ v4.5 HMG to erase hard drives without fear of data
leakage or loss.
Blancco-Data Cleaner+ v4.5 HMG has been proven to be
leading the end-of-life and reuse management markets
throughout the world. Blancco's product has passed
extensive forensic tests and has received high-level
certifications from organizations such as the
Communications-Electronics Security Group (CESG) in the UK.
Blancco's full certification record and global standards are
available on the web at http://www.blancco.com .
"The approval is kind of an award of sorts for
Blancco as we continue down the long road of erasure
product development. It shows our company and our customers
that we have done things right, and that we are able to
achieve the high goals we have been aiming towards for a
long time. I suppose that everybody who is working in the
data security business understands the value of the
approval, as NATO is considered as one of the strictest,
most thorough organizations in the world. From a business
perspective, the approval surely will bring more customers
to Blancco, as corporations normally choose certified or
approved products for their use. Furthermore, this makes
our prospective customers lives much easier, because there
is no need to spend time and money evaluating the product,
as it has already been done by an extremely highly
respected organization such as NATO," says Markku
Jokiranta, Sales Director -- Blancco Ltd.
The long and stringent process of the NATO catalog
listing will now provide their Military Partners and Peace
Programme Members the opportunity to receive the ultimate
data security measures that Blancco's software can
guarantee. Blancco-Data Cleaner+ v4.5 HMG guarantees its
users 100% data erasure. NATO Members will also have the
ability to utilize Blancco's ERA Concept (Erase, Report,
Audit), which will provide them with an automatically
generated detailed erasure report with Hardware Asset
Management information that exceeds governmental regulatory
requirements. "The whole erasure process is digitally
protected with a complete verification module for
confirming that the data has been securely and fully erased
from the hard drive," as written in the NIAPC
Submission Summary.
Users of Blancco's software will find that it is
tailored for desktop, laptop, and server environments with
RAID systems. The software's flexibility continues with its
ability to erase hidden and locked areas such as DCO, HPA
and remapped sectors. The software can also be delivered
via many different media including: network, floppy, CD and
preinstall (.msi package).
As noted by the NIAPC, data erased by Blancco-Data
Cleaner+ v4.5 HMG cannot be recovered with any existing
technology, which makes it a perfect solution for its
Members looking to protect their information by destroying
it -- permanently.
About Blancco
With over 7 million end users, an impressive clientele
and a broad network of trusted partners, Blancco has proved
to be the global specialist in the field of professional
data destruction and reuse management. With 9 international
offices and partners in over 20 countries on every
continent, Blancco has the world covered.
For more information about Blancco Ltd. and our
products and services, please visit us on the web at
http://www.blancco.com .
For more information, please contact:
David J. Williams Jr.,
PR Coordinator,
Blancco Ltd., work,
Tel: +358-207-433-878
Cell: +358-400-580-986
Email: david.williams@blancco.com
SINGAPORE, May 21 /Xinhua-PRNewswire/ -- DBS Bank Ltd
(DBS) announced today that it has received final approval
for local incorporation from the China Banking Regulatory
Commission (CBRC). The new entity will be named DBS Bank
(China) Limited.
As a local subsidiary, DBS Bank (China) Limited will be
able to offer a comprehensive suite of RMB products and
services to local residents in China, subject to regulatory
approval. DBS expects its local subsidiary to commence
business in the coming weeks.
More details will be announced in due course.
About DBS
Headquartered in Singapore, DBS is one of the largest
financial services groups in Asia with operations in 15
markets. The largest bank in Singapore as measured by
assets, and a leading bank in Hong Kong, DBS'
"AA-" and "Aa1" credit ratings are
among the highest in the Asia-Pacific region. DBS has
leading positions in consumer banking, treasury and
markets, asset management, securities brokerage, equity and
debt fund raising. Beyond the anchor markets of Singapore
and Hong Kong, DBS serves corporate, institutional and
retail customers through its operations in China, India,
Indonesia, Malaysia, Thailand and The Philippines.
About DBS China
DBS first established its presence in China with a
representative office in Beijing in 1994. In 1995, DBS
Shanghai Branch was one of the first 10 foregin banks to
obtain a Renminbi licence when the licences were issued in
1998.
Today, DBS has branches in Beijing, Shanghai, Suzhou,
Shenzhen and Guangzhou and representative offices in
Dongguan, Hangzhou, Fuzhou and Tianjin. Prior to the local
incorporation in China, DBS branches have all the permitted
licences available to foreign banks in China, and service
corporate and institutional clients with a full range of
corporate and investment banking services.
In 2005, DBS officially launched its consumer banking
business in Shenzhen, followed by the opening of a
sub-branch in Shanghai in May 2006.
More information about DBS Group Holdings and DBS Bank
can be obtained from our website http://www.dbs.com .
For more information, please contact:
Eunice Woo
Vice President
Group Strategic Marketing & Communications
DBS Bank
Tel: +65-6878-6091
Mobile: +65-9011-2251
Email: eunice_woo@dbs.com
Vicki Soh
Assistant Vice President
Group Strategic Marketing & Communications
DBS Bank
Tel: +65-6878-2272
Mobile: +65-9066-3663
Email: vickisoh@dbs.com
SHANGHAI, China, May 21 /Xinhua-PRNewswire/ -- The9
Limited (Nasdaq: NCTY)("The9"), a leading online
game operator in China, announced today that it has,
through a wholly-owned subsidiary, entered into an
agreement with G10 Entertainment Korea Corp
("G10"), an online game developer in Korea, for
an exclusive license to operate Audition 2, an advanced
casual dancing online game, in mainland China. The term of
the license is for three years from the commercial launch
date of the game in mainland China. The9 also has the
exclusive right of first refusal to the license for
Audition 3 and two other latest-developed developed online
games owned or distributed by G10.
Audition 2 is the sequel to Audition, a 3D leisure
dancing online competition game with rich music elements.
The Audition series are session-based casual games enabling
players to compete against each other for their game
characters' dancing skills during the length of a certain
song as well as showing-off their virtual appearance and
accessories. Apart from the enjoyment aspect of game-play
itself, socialization and identity comprise a major part of
the games. Audition, which has been in operation for more
than two years in mainland China, currently enjoys a high
popularity with over 780,000 peak concurrent users,
according to a news release by the game's China operator.
Audition 2, with a lot of enhanced features and more
community-oriented functions, is also expected to be
popular in the mainland China market.
Mr. Jun Zhu, The9's Chairman and Chief Executive
Officer, commented: "We are very excited that The9
obtained the exclusive license to operate Audition 2 in
mainland China. We believe this exclusive operation
license once again demonstrates The9's position as the
"Partner of Choice" in China for renowned
overseas game developers, and together with EA SPORTS FIFA
Online, greatly enhances our casual game portfolio and
further diversifies our overall game pipeline. Going
forward, we intend to continuously introduce additional
high-quality games to China and we are confident that we
are well-positioned to take advantage of the rapidly
growing Chinese online game market."
Mr. Kee Young Kim, G10's Chairman and Chief Executive
Officer, said: "We are very pleased to have The9 as
our exclusive partner for Audition 2 in mainland China.
With a proven track record and impressive operational
capabilities, we are highly confident that The9 will lead
this game to be a success in China. We intend to launch the
game for beta testing in Korea in the second half of 2007
and anticipate China's launch will follow soon afterwards.
We will work closely with The9 and provide our seamless
support to bring a fantastic gaming experience of Audition
2 to millions of fashionable Chinese online gamers."
About The9 Limited
The9 Limited is a leading online game operator in
China. The9's business is primarily focused on operating
and developing high-quality games for the Chinese online
game players market. The9 directly or through affiliates
operates licensed MMORPGs, consisting of MU(R), Blizzard
Entertainment(R)'s World of Warcraft(R), Soul of The
Ultimate NationTM, and its first proprietary MMORPG, Joyful
Journey West(TM), in mainland China. It has also obtained
exclusive licenses to operate additional MMORPGs and
advanced casual games in mainland China, including Granado
Espada, Guild Wars, Hellgate: London, Ragnarok Online 2,
Emil Chronicle Online, Huxley, FIFA Online and Audition 2.
In addition, The9 is also working on the development of a 3D
fantasy MMORPG game, Fantastic Melody Online(TM).
Safe Harbor Statement
This announcement contains forward-looking statements.
These statements are made under the "safe harbor"
provisions of the U.S. Private Securities Litigation Reform
Act of 1995. These forward-looking statements can be
identified by terminology such as "will,"
"expects," "anticipates,"
"future," "intends," "plans,"
"believes," "estimates" and similar
statements. Among other things, the business outlook and
quotations from management in this press release contain
forward-looking statements. The9 may also make written or
oral forward-looking statements in its periodic reports to
the U.S. Securities and Exchange Commission on Forms 20-F
and 6-K, etc., in its annual report to shareholders, in
press releases and other written materials and in oral
statements made by its officers, directors or employees to
third parties. Statements that are not historical facts,
including statements about The9's beliefs and expectations,
are forward-looking statements. Forward-looking statements
involve inherent risks and uncertainties. A number of
important factors could cause actual results to differ
materially from those contained in any forward-looking
statement. Potential risks and uncertainties include, but
are not limited to, The9's limited operating history as an
online game operator, political and economic policies of
the Chinese government, the laws and regulations governing
the online game industry, information disseminated over the
Internet and Internet content providers in China,
intensified government regulation of Internet cafes, The9's
ability to retain existing players and attract new players,
license, develop or acquire additional online games that
are appealing to users, anticipate and adapt to changing
consumer preferences and respond to competitive market
conditions, and other risks and uncertainties outlined in
The9's filings with the U.S. Securities and Exchange
Commission, including its annual reports on Form 20-F.
The9 does not undertake any obligation to update any
forward-looking statement, except as required under
applicable law.
For further information, please contact:
Ms. Dahlia Wei
Senior Manager, Investor Relations
The9 Limited
Tel: +86-21-5172-9990
Email: IR@corp.the9.com
Web: http://www.corp.the9.com
Integrated 1 GHz Product Features Low Noise, Wide Dynamic
Range Gain Control and Balanced Output
WARREN, N.J., May 21 /Xinhua-PRNewswire/ -- ANADIGICS,
Inc. (Nasdaq: ANAD) has announced the availability of the
ABA3130, a single-chip, low-noise, high linearity RF
amplifier with integrated gain control. This device is the
latest addition to ANADIGICS' portfolio of RF products for
cable TV front end applications. Designed to replace
existing discrete solutions, the fully integrated ABA3130
improves receiver performance in a growing number of cable
TV digital set-top boxes and analog and digital TVs.
To ensure compatibility with tuners being developed for
the 1 GHz cable systems soon to be rolled out around the
world, the ANADIGICS ABA3130 features wideband operation of
50 MHz to 1.1 GHz. ANADIGICS is already shipping the ABA3130
RF amp to a leading cable box manufacturer.
The ABA3130 exhibits a typical noise figure of 4.5 dB
at 5 dB gain, which enables clearer analog pictures and
better reception on digital channels. The ABA3130 also
offers a wide dynamic gain control range of 37 dB, to
prevent overloading tuner front ends. The device delivers
exceptional linearity over the full dynamic gain range,
minimizing distortion and ensuring a high quality signal
and crystal-clear video.
"ANADIGICS' leadership products for Broadband are
addressing the ever increasing demand on bandwidth in CATV
networks. The ABA3130 addresses the 1GHz upgrade in the
industry and is based on our GaAs proprietary process
technology for high reliability and wideband
operation," said Ron Michels, Senior Vice President
and General Manager of Broadband Products at ANADIGICS.
"According to In-Stat market research, sales of cable
set-top boxes increased nearly 80% between 2005 and 2006,
to 27.5 million units worldwide. As integrated tuners
continue to penetrate this market, we anticipate an
increase in the need for companion products like the
ABA3130.
The ANADIGICS ABA3130 accepts a single-ended
(unbalanced) input and converts it to a differential
(balanced) output, which some integrated tuners require for
optimal performance. This feature eliminates the need for a
separate balun transformer on the circuit board. The high
level of integration and 3 x 3 x 1 mm form factor of the
ABA3130 further reduce the amount of board space required
for RF front-end solutions.
ANADIGICS' ABA3130 operates from a single 5 volt
supply. It is offered in a 12-pin surface-mount QFN package
that is manufactured using a material set consistent with
the European Union's Restriction of Hazardous Substances
(RoHS).
For additional information, pricing, or samples contact
your local ANADIGICS representative or ANADIGICS by phone
(908) 668-5000 or FAX (908) 668-5132, or visit the
Company's Web site at http://www.anadigics.com .
About ANADIGICS, Inc.
ANADIGICS, Inc. (Nasdaq: ANAD) is a leading provider of
semiconductor solutions in the rapidly growing broadband
wireless and wireline communications markets. The Company's
products include power amplifiers, tuner integrated
circuits, active splitters, line amplifiers, and other
components, which can be sold individually or packaged as
integrated radio frequency and front end modules.
Safe Harbor Statement
Except for historical information contained herein,
this press release contains projections and other
forward-looking statements (as that term is defined in the
Securities Exchange Act of 1934, as amended). These
projections and forward-looking statements reflect the
Company's current views with respect to future events and
financial performance and can generally be identified as
such because the context of the statement will include
words such as "believe", "anticipate",
"expect", or words of similar import. Similarly,
statements that describe our future plans, objectives,
estimates or goals are forward-looking statements. No
assurances can be given, however, that these events will
occur or that these projections will be achieved and actual
results and developments could differ materially from those
projected as a result of certain factors. Important factors
that could cause actual results and developments to be
materially different from those expressed or implied by
such projections and forward-looking statements include
those factors detailed from time to time in our reports
filed with the U.S. Securities and Exchange Commission,
including our annual report on Form 10-K for the year ended
December 31, 2006.
For more information, please contact:
Press:
Chuck Manners
Godfrey
Tel: +1-717-393-3831
Fax: +1-717-393-1403
Email: chuck@godfrey.com
Corporate:
Jennifer Palella
ANADIGICS, Inc.
Tel: +1-908-668-5000
Fax: +1-908-412-5978
Email: jpalella@anadigics.com
Investor Relations:
Thomas Shields
ANADIGICS, Inc.
Tel: +1-908-412-5995
Email: tshields@anadigics.com
プロの書き手が検索できるサイトがオープン!
関西で活躍するライターを集めた冊子「関西ライター名鑑」を発行するWRITE STAFF(ライトスタッフ 大阪市北区 代表 北村盛康)は、ネット上で分野別にライターの検索ができる『関西ライター名鑑Web版』を5月22日(火)より、本格的に始動させました。
「関西ライター名鑑」は、影の存在であるライターの顔写真とともに媒体実績・得意分野・本人コメントを紹介した冊子です。出版社はもとよりライターとの接点のない一般の企業にも配布し、ライターの需要を獲得するための媒体として2005年11月に創刊しました。
パンフレット・チラシ・ホームページ・プレスリリースなどの宣伝・広報ツールが手軽に出せるようになった反面、「どのように伝えればいいのか?」「どう表現していいのか?」と文章で悩む企業が多くなってきています。当媒体は、そういった企業とプロの書き手を繋ぐことを目的としています。このたび冊子からネットへ移行したことで、利用者(出版社、一般企業)へ最新の情報をより身近に、より手軽に提供してゆきます。
『関西ライター名鑑Web版』概要
ライター :22人(のべ36人)※5月22日現在。随時追加
ジャンル:11分野(一般ライティング、ビジネス・マネー、グルメ、医療・教育、ホビー、旅もの、住宅、
タウン、小説・シナリオ、コンピュータ、その他)
※5月22日現在。随時追加
情報内容:(顔写真、媒体・書籍、得意分野、本人コメント、連絡先)
補 足 :ライター情報を閲覧するには、ID登録が必要です。ID発行の際、「出版ユーザ」と「一般
ユーザ」とに分別します。
出版ユーザ・・・法人登録された出版社、編集プロダクションは、連絡先などすべてのライ
ター情報が閲覧でき、直接ライターとコンタクトがとれます。
一般ユーザ・・・ライター情報のメールアドレス・電話番号が制限されています。お問合せ
は、WRITE STAFFにお願いします。
URL :http://www.writer.gr.jp/
◆ WRITE STAFF 担当:吉永安智
TEL:06-6364-5657 FAX:06-6364-5586
MAIL:info@writer.co.jp
URL::http://www.writer.co.jp
プレゼントを抽選で合計106名様に
株式会社エジェ(本社:大阪市中央区、代表取締役:村岡ゆかり、以下「エジェ」)が自社で運営する情報サイト『anemo(アネモ)』(以下「アネモ」)は、2007年6月18日をもって、公開3周年を迎えます。
また、このたび漫画家の中村ユキ氏によるアネモ連載WEB漫画『夫婦三昧(めおとざんまい)』が、2007年5月22日に(株)角川SSコミュニケーションズより、コミックエッセイ単行本として出版されました。
アネモでは、3周年と単行本発売を祝し、3周年感謝特別キャンペーンとして、単行本「夫婦三昧」をはじめ、テーマパーク券、スイーツ等のプレゼントが抽選で、合計106名様に当たる感謝キャンペーンを開催致します。
■キャンペーン概要
アネモ3周年感謝特別キャンペーン(2007年5月21日~2007年6月30日迄)
URL: http://www.anemo.co.jp/special/special/3rd/index.html
・「単行本 夫婦三昧(書籍)」・・・10名様
・「テーマパーク券 ペア」・・・6組12名様
・「フレッシュゼリー詰め合わせ(菓子)」・・・1名様
・「京きなな アイス特選セット(菓子)」・・・3名様
・「野菜一日これ一本 24本セット(飲料)」・・・10名様
・「ビールに合うピッツァ 10枚セット(冷凍ピザ)」・・・8名様
・「佃煮 3袋セット(惣菜)」・・・10名様
・「ビューティプロテクトUV(化粧品)」 ・・・3名様
ほか多数
■単行本 『夫婦三昧(めおとざんまい)』概要
WEB漫画 『夫婦三昧』出版化スペシャルサイト
URL: http://www.anemo.co.jp/meoto/
タイトル:『夫婦三昧 ~元気のタネは、おバカな毎日♪~』
著 者 :中村ユキ
出版社:(株)角川SSコミュニケーションズ
価 格 :本体950円+税
発売日:2007年5月22日
なかよし夫婦のおかしくって愛情あふれる日々のことが詰まったコミックエッセイ!
働く女性の仕事&ライフスタイルポータルサイト「anemo」で月1回更新、月間50000ビューの人気連載WEB漫画に、新規書下ろしを大幅に加えて、ファンも待望の新刊となりました。楽しいパラパラ漫画もお見逃しなく!
――――――――――――――――――――――――――――――――――
『anemo(アネモ)』について
2004年6月に運営を開始した20代~30代の働く女性のための情報サイト。
キャリア、アート情報を中心にした息抜きになる楽しいコンテンツが豊富。
特に、事務職や受付など身近な職業に前向きに取り組むインタビュー
「お仕事インタビュー」が好評。また、本格的WEB漫画として人気を集める
中村ユキ氏の「夫婦三昧」は、男女問わず幅広いファン層を獲得。
【会社概要】
・会社名 : 株式会社エジェ http://www.eje-web.com/
・代表者 : 代表取締役 村岡ゆかり
・本社所在地: 大阪市中央区南船場3-6-25 IBC心斎橋east 5F
・営業開始 : 2001(平成13)年7月17日
・資本金 : 1,000万円
・事業内容 : デジタルコンテンツビジネスを中心にした制作開発会社。
デジタルカタログ『リブック』の開発をはじめ、
女性向け情報サイト『anemo(アネモ)』を運営。
株式会社エジェ アネモ編集部
キャンペーン担当
Tel:06-6251-2677(平日 10:00 ~ 17:00 )
E-Mail: info@anemo.co.jp
URL: http://www.anemo.co.jp/
| 2007年05月21日 プロエンジニア教育研究所(代表:粕谷茂)は、TRIZの40の発明原理のNetworkツールを試験的に無料提供します。URLにリンクを貼ることで、ネットワークツールとして活用が可能となり、R&D業務の改革に貢献できます。 ■ 40の発明原理 Networkツールの概要 <NetworkツールURL> ※TRIZ(トゥリーズ)とは、発明問題解決の理論を意味するロシア語の頭文字でAltshulerが約250万件の特許を基に体系化した手法。QFD(品質機能展開)、タグチメソッドと共に問題解決ツールの3種の神器と呼ばれる。ビジネス、日常生活分野などへも適用可能。 【プロエンジニア教育研究所とは】 【本件の連絡先】 以 上 |
| 2007年05月21日 平成19年5月21日 伊豆熱川温泉の海辺にある温泉料理旅館が、神奈川県内3
|
| 2007年05月21日 報道機関各位 2007年5月21日 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ ルミナス・クラブ・ショップ(運営会社:株式会社ドウシシャ 所在地:東京都品川 今回販売を始めたWEBショップ限定カラーは、落ち着きのある雰囲気の演出には最適な 今回販売を始めたWEBショップ限定カラーの内容は、次のとおりである。
■木製棚板のサイズラインナップ
【ルミナスプラスとは】
ルミナス・クラブ・ショップ 以 上 |
| 2007年05月21日 ------------------------------------------------------------ 一枚一枚の写真に「魅せる、感じさせるイメージ」を反映させ、 仕事もプライベートも充実した、魅力的な女性の日常イメージなど、 収録の写真素材は、すべてロイヤリティフリーなので、
【発売日】2007年5月28日 【収録点数】70点 ■関連URL
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 【本商品に関する問い合わせ先】 |
| 2007年05月21日 マネジメント教育事業を運営する株式会社サイコム・インターナショナル(東京都千代田区、代表取締役CEO:西田 忠康 以下サイコム)は、平成19年5月21日より、企業管理職向け技術経営(MOT)教育サービスの名称を変更いたします。 1.新たな名称等 <旧名称>
2005年、MITはより広いリーダー層にグローバルにイノベーションを学んでほしいという狙いのもと、MOTプログラムともうひとつのエグゼクティブプログラムを統合しました。この背景には、米国でMOTというプラクティスが定着したことが挙げられます。 日本においては近年、高い技術力やその成果がなかなか事業化につながらないという反省から、科学技術創造立国の復権と起業家の創出を目指した様々な取り組みが行われており、MOTプログラムの開発・普及が進む一方で、イノベーションとリーダーシップ、グローバル戦略は経営の中心課題としてその重要性がますます高まってきています。 EMOTではマネジメント基礎科目とあわせ、イノベーションやリーダーシップにフォーカスをしてきましたが、MOTという言葉が様々に解釈されている状況を踏まえ、弊社のプログラムの特徴をより正確に表すために名称を変更することとしました。業種・職種を問わず広くイノベーション戦略の実行を求められているより多くのビジネスリーダーの方々に参加いただけるよう、今後もよりよいプログラムを提供してまいります。 3.その他
本件に関するお問合せ:
MIT の MOTプログラム(現在はSloan Fellows Program in Innovation and Global Leadershipに統合)では、1年間でアカウンティング、ファイナンス、マーケティング、経済学などMBAと同様基礎的なマネジメント科目を学ぶほか、工学部のコースを含めた広範なコースからの選択科目、更には修士論文、フィールドトリップなども組み込まれており卒業者には修士号が授与されます。企業からの派遣も多く、技術系のバックグラウンドを持った人を企業のトップ経営者や起業家に育て上げるためのプログラムとなっています。米国ではもともと産学の距離が近いこともあり、MOT 教育は80年~90年代の米国における製造業の競争力回復のバックボーンとなったとも言われています。 ただ今日においては MOT (技術経営) という言葉は教育という側面を超えて、製造業を中心にイノベーションを加速し技術を事業に結びつけることにより産業・国家の競争力を向上させようという活動全般をさす概念としても多く用いられるようになっています。 日本でも高い技術力やその成果がなかなか事業化につながっていないという反省から、経済産業省が「知的財産戦略大綱」を作成し、科学技術創造立国の復権と起業家の創出を目指した様々な取り組みがなされました。 具体的には、平成14年度の「起業家育成プログラム導入促進事業」や、技術経営分野の更なる普及展開を目的とした平成14年度補正予算のMOTプログラムの開発事業公募などがあげられます。同事業ではサイコムをはじめ多くの大学や教育機関がMOTプログラムを開発し、今日の普及につなげています。
1. 次世代経営人材育成事業 |
| 2007年05月21日 *アパダ事業主会&大熊猫劇場* 弊社『アパダ星雲』は、 ①個人様への『アパダ星雲』 「大熊猫百貨店(アパダ・デパート)」を、ぜひご覧下さい。 *個人事業+貨物軽運送業=両届出事業者* |
