2007'05.16.Wed
New ANADIGICS Linear EDGE Power Amp Module Supports Longer Broadband Data Transmit Times in 2.75G and 3G Phones, PDAs, and Wireless PC Cards
May 15, 2007
WARREN, N.J., May 15 /Xinhua-PRNewswire/ -- ANADIGICS,
Inc. (Nasdaq: ANAD) has introduced a new quad-band Linear
EDGE (Enhanced Data rate for GSM Evolution) power amplifier
module for 2.75G and 3G cell phones, PDAs, and wireless PC
cards that use the globally-accepted GSM/EDGE cellular
standard.
ANADIGICS is a leading provider of semiconductor
solutions in the rapidly growing broadband wireless and
wireline communications markets. Its broadband wireless
products serve all global third-generation (3G) and
fourth-generation (4G) standards as well as the WiFi
connectivity market.
The EDGE standard has been adopted by most GSM
operators worldwide either in combination with UMTS WCMDA
(3G) or as a stand-alone upgrade (2.75G) to the GSM/GRPS
(2.5G) system. There are two predominant hardware
architectures adopted by baseband chipset suppliers serving
the EDGE market -- Polar and Linear. The AWT6172 is a
quad-band GPRS/EDGE power amplifier module designed for the
linear EDGE architecture adopted by several base-band
chipset suppliers. ANADIGICS has also announced products
for the Polar EDGE architecture adopted by top-tier 3G
chipset suppliers.
"ANADIGICS continues to add to its comprehensive
portfolio of products for the exciting 3G WCDMA & EDGE
markets," said Dr. Ali Khatibzadeh, Senior Vice
President and General Manager of Wireless Products at
ANADIGICS. "With the introduction of AWT6172 Linear
EDGE power amplifier, ANADIGICS extends its reach beyond
Polar EDGE and WEDGE markets. It will also enable us to
participate in the other segment of 3G market served by
chipset suppliers using the linear EDGE architecture."
ANADIGICS AWT6172 supports operation in the GSM850,
GSM900, DCS, and PCS bands. The ANADIGICS AWT6172 delivers
efficiencies of up to 55% in GMSK mode for longer
talk-time, with a linearity of 64 dBc ACPR at 28.5 dBm
output power level, making it especially attractive to
handset makers.
Featured in a small 6 x 6 x 1.1 mm package, the AWT6172
power amplifier module is built on InGaP-Plus(TM) HBT
technology, and is EGPRS capable (class 12). Saturated
output power in GMSK mode is rated at +35 dBm in the
GSM850/900 bands, and at +33 dBm in the DCS/PCS bands.
Efficiencies for these two bands are 55% and 50%
respectively. Comparable numbers for EDGE linear power are
+28.5 dBm and +27.5 dBm for GSM850/900 and DCS bands
respectively.
For additional information, pricing, or samples contact
your local ANADIGICS representative or ANADIGICS by phone
+1-908-668-5000 or FAX
+1-908-668-5132, 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:
Media
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
Investors
Thomas Shields
ANADIGICS, Inc.
Tel: +1-908-412-5995
Email: tshields@anadigics.com
PR
2007'05.16.Wed
PacificNet Files 10K Annual Report for Fiscal Year 2006
May 15, 2007
BEIJING, China, May 15 /Xinhua-PRNewswire/ --
PacificNet, Inc.
(NasdaqGM: PACT), a leading provider of Customer
Relationship Management
(CRM), mobile internet, e-commerce and gaming technology in
China, announced
today that it has filed its 10K annual report for the
fiscal year 2006 with
the SEC.
(Logo: http://www.xprn.com.cn/xprn/sa/200611281258.jpg
)
"We are happy to announce the filing of our 10K
annual report for 2006,"
said Tony Tong, CEO of PacificNet. "This filing
demonstrates our progress in
trying to resolve delinquent regulatory filings. We have
been working very
hard to resolve the issues that resulted in the delayed
filing of our Annual
Report. Going forward, we are very excited about the
prospects for our gaming
technology operation in 2007."
PacificNet's annual report may be viewed at the SEC web
site at:
http://sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000815017
About PacificNet
PacificNet Inc. (http://www.PacificNet.com) is a
leading provider of
Customer Relationship Management (CRM), mobile Internet,
e-commerce and gaming
technology in China. PacificNet's clients include the
leading telecom
companies, banks, insurance, travel, marketing and business
services companies
and telecom consumers in Greater China. PacificNet's
corporate clients include
China Telecom, China Mobile, Unicom, PCCW, Hutchison
Telecom, Bell24,
Motorola, Nokia, SONY, TCL, Huawei, American Express,
Citibank, HSBC, Bank of
China, Bank of East Asia, DBS, TNT, Hong Kong Government,
and leading hotel-
casinos in Macau and Asia. PacificNet employs over 1,400
staff in its various
subsidiaries throughout China with offices in Hong Kong,
Beijing, Shanghai,
Shenzhen, Guangzhou, Macau and Zhuhai China.
Contact:
PacificNet USA office:
Jacob Lakhany, Tel: +1-605-229-6678
PacificNet Beijing office:
Ada Yu, Tel: +86 (10) 59225000
23rd Floor, Building A, TimeCourt, No.6 Shuguang Xili,
Chaoyang District,
Beijing, China 100028
PacificNet Shenzhen Office:
Tel: +86 (10) 33222088
Room 4203, JinZhongHuan Business Center, Futian
District,
Shenzhen, China 518040
PacificNet Macau Office:
Tel: +853 28704154
Unit A-C, 12th Floor, Edificio Commercial I Tak, No.
126, Rua Da Pequim,
Macau, China.
2007'05.16.Wed
BEIJING, May 15 /Xinhua-PRNewswire/ -- eLong, Inc.
(Nasdaq: LONG), a
leading online travel service provider in China, today
reported unaudited
financial results for the first quarter ended March 31,
2007.
(Logo:
http://www.xprn.com.cn/xprn/sa/20061103193112-91.jpg )
Business Highlights
-- Travel revenue, comprised of hotel, air and other
travel product and
service revenue, increased 22% to RMB63.0 million
for the first quarter
2007 compared with the prior year period.
-- Travel revenues by product line for the first
quarter of 2007 and 2006
were as follows (figures in RMB 000's):
Y/Y
Q1 2007 % Total Q1
2006 % Total Growth
Hotel commissions 48,879 77.6%
42,084 81.6% 16%
Air ticketing commissions 12,050 19.1%
8,009 15.5% 50%
Other travel revenue 2,077 3.3%
1,456 2.8% 43%
Total travel revenue 63,006 100%
51,549 100% 22%
-- The Company recorded an operating loss of RMB5.2
million for the first
quarter, a significant improvement from an operating
loss of RMB15.5
million for the prior year quarter;
-- The Company recorded a net loss of RMB0.8 million
for the first quarter,
compared with a net loss of RMB12.2 million for the
prior year quarter;
and
-- As of March 31, 2007 cash and cash equivalents were
RMB1.18 billion,
down 1% from RMB1.20 billion at December 31, 2006.
Cash balances
decreased RMB14.6 million primarily due to the
unrealized foreign
exchange loss of 9.6 million and capital
expenditures of 4.5 million.
"eLong increased air ticketing commissions to
nearly 20% of our travel
revenue during the first quarter," said Henrik
Kjellberg, Chairman and interim
Chief Executive Officer of eLong, Inc. "We are pleased
with our progress in
diversifying the Company's revenues, as well as continued
efficiency gains
across our operating expense base, and remain confident in
the long-term
opportunity of China's online travel market."
"eLong approaches the burgeoning Chinese travel
market from a solid
financial foundation," said Chris Chan, eLong's Chief
Financial Officer. "The
management team is committed to responsible growth, with an
aim toward
maximizing free cash flow over the long-term, while
increasing shareholder
return."
Business Results
Total and travel revenues both increased 22% for the
first quarter of 2007
compared with the prior year period, reflecting continued
growth in our core
hotel commissions business, as well by a 50% increase in
our air ticketing
commission business.
Hotel
Revenue from hotel commissions increased 16% primarily
due to higher room
volume, as well as a modest increase in commission per room
night. Room nights
booked through eLong increased 14% to 756,000, while
commission per room night
increased 3% to RMB65. Commission per room night increased
due to our hitting
higher room volume thresholds.
eLong has grown its hotel offering over 22% since first
quarter 2006, and
now features discounted rates at nearly 4,000 hotels in
over 300 cities across
China.
Air
Revenue from air ticketing commissions increased 50%,
our highest rate of
growth in the recent three quarters. The increase in
revenue was volume driven,
with a 50% increase in air segments to 326,000. Revenue per
air ticket was
flat at RMB37.
Profitability
Gross margin in the first quarter was 72.9%, a decrease
of 247 basis
points compared with 75.4% in the prior year period. Gross
margin decreased
due to the increased mix of lower gross margin air revenue,
as well as
increased compensation expense as we invest in improvements
to our call center.
Operating expenses for the first quarter of 2007 and
2006 were as follows
(figures in RMB 000's):
%
% Y/Y
Q1 2007 Revenue Q1
2006 Revenue Growth
Sales and marketing 27,020 41.4%
21,849 40.9% 24%
General and administrative 11,188 17.1%
20,185 37.8% -45%
Service development 10,594 16.2%
10,475 19.6% 1%
Business tax and surcharges 3,675 5.6%
3,013 5.6% 22%
Amortization of intangibles 265 0.4%
265 0.5% 0%
Total 52,742 80.8%
55,787 104.4% -5%
Please note that prior period sales and marketing,
service development
expenses and business tax and surcharge expenses as
presented in the above
table have been reclassified to exclude expenses related to
our discontinued
operations in order to conform with the current period
presentation.
Sales and marketing, general and administrative expense
and service
development expenses decreased 7% during the first quarter,
while total
operating expenses decreased 5%.
Sales and marketing expense increased 24%, and
increased 52 basis points
as a percentage of revenue to 41.4%. The increased expense
was due to
increases in business volume and higher marketing
spending.
General and administrative expense decreased 45% due to
lower professional
fees during the quarter. General and administrative
expenses as a percentage
of revenue were 17.1% in the first quarter.
Service development expense is composed of expenses
related to technology
and product offering, including our website, the platform
and the Company's
air, hotel and vacation package products. First quarter
service development
expense increased just 1%, and decreased 337 basis points
as a percentage of
revenue as we leveraged previous investments in our
technology.
Operating loss was RMB5.2 million as compared to an
operating loss of
RMB15.5 million in the first quarter of 2006, an
improvement of RMB10.3
million due to higher revenue and lower general and
administrative expense,
partially offset by the increase in sales and marketing
expenses and cost of
services.
Other income, which represents interest income,
unrealized exchange
gains/losses and other income/expenses, was RMB4.3 million
in the first
quarter of both 2007 and 2006. The unrealized foreign
exchange loss was RMB9.6
million in the first quarter of 2007 compared to a loss of
RMB6.8 million in
the prior year period, reflecting Renminbi appreciation
since March 31, 2006.
This increased loss was offset by net interest income of
RMB13.8 million.
The Company recorded a net loss of RMB0.8 million for
the first quarter
compared to a net loss of RMB12.2 million in the prior year
period, an
improvement of RMB11.4 million primarily due to RMB10.3
million of lower
operating loss.
Our US GAAP diluted loss per ADS for the first quarter
of 2007 was RMB0.04
compared to a diluted loss per ADS of RMB0.50 in the prior
year period. Our US
GAAP diluted loss per ADS decreased RMB0.46 due to a lower
net loss, partially
offset by a slight increase in the number of shares used in
computing our loss
per share
Business Outlook
eLong expects total revenues for the second quarter of
2007 within the
range of RMB73.0 million (US$9.5 million) to RMB81.0
million (US$10.5 million),
an increase of 9% to 21% from the second quarter of 2006.
Note to the Unaudited Interim Consolidated Financial
Statements
Financial information in this press release from
eLong's unaudited
financial statements was prepared in accordance with
generally accepted
accounting principles in the United States.
In May 2006, eLong disposed of Raytime, an operator of
hotel loyalty
programs. In October 2006, eLong sold the assets and
business of one of its'
divisions operating an interactive online dating community
(the "Division").
In accordance with SFAS No. 144, "Accounting for the
Impairment or Disposal of
Long-Lived Assets", the results of operations,
financial position and cash
flows of Raytime and the Division have been reflected in
the consolidated
financial statements and notes as a discontinued operation
for all periods
presented. Accordingly, certain items in the first quarter
of 2006 have been
reclassified to conform with the current period
presentation to facilitate
comparison.
Safe Harbor Statement
It is currently expected that the Business Outlook will
not be updated
until the release of eLong's next quarterly earnings
announcement; however,
eLong reserves the right to update its Business Outlook at
any time for any
reason.
Statements in this press release concerning eLong's
future business,
operating results and financial condition are
"forward-looking" statements
within the meaning of Section 27A of the Securities Act of
1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as
amended, and as
defined in the Private Securities Litigation Reform Act of
1995. Words such as
"anticipate," "believe,"
"estimate," "expect,"
"forecast," "intend," "may,"
"plan," "project," "predict,"
"should" and "will" and similar
expressions as
they related to the Company are intended to identify such
forward-looking
statements, but are not the exclusive means of doing so.
These forward
looking statements are based upon management's current
views and expectations
with respect to future events and are not a guarantee of
future performance.
Furthermore, these statements are, by their nature, subject
to a number of
risks and uncertainties that could cause actual performance
and results to
differ materially from those discussed in the
forward-looking statements as a
result of a number of factors. Factors that could affect
the Company's actual
results and cause actual results to differ materially from
those included in
any forward-looking statement include, but are not limited
to, eLong's
historical operating losses, its limited operating history,
declines or
disruptions in the travel industry, the recurrence of SARS,
an outbreak of
bird flu, eLong's reliance on having good relationships
with hotel suppliers
and airline ticket suppliers, our reliance on the Travelsky
GDS system for our
air business, the possibility that eLong will be unable to
timely comply with
Section 404 of the Sarbanes-Oxley Act of 2002, the risk
that eLong will not be
successful in competing against new and existing
competitors, risks associated
with Expedia, Inc.'s (Nasdaq: EXPE) majority ownership
interest in eLong and
the integration of eLong's business with that of Expedia's,
subsequent
revaluations of the Chinese currency, changes in eLong's
management team and
other key personnel and other risks outlined in eLong's
filings with the U.S.
Securities and Exchange Commission (or SEC), including
eLong's Form 20-F filed
with the SEC in connection with the Company's fiscal year
2005 results.
Readers are cautioned not to place undue reliance on any
forward-looking
statements, which speak only as of their dates.
Conference Call
eLong will host a conference call to discuss its fourth
quarter and fiscal
2006 earnings at 8:00 pm Eastern Time, May 14, 2007
(Beijing/Hong Kong time:
May 15, 2007 at 8:00 am). The management team will be on
the call to discuss
quarterly results and highlights and to answer questions.
The toll-free number
for U.S. participants is +1 800 365 8460. The dial-in
number for Hong Kong
participants is +852 2258 4000. The toll number for
international participants
is +1 210 795 0492. The pass code for all participants is
"eLong".
A replay of the call will be available for 1 day
between 9:15 pm Eastern
Time on May 14, 2007 and 9:15 pm Eastern Time on May 15,
2007. The toll-free
number for U.S. callers is +1 203 369 4590. The dial-in
number for
international callers is +1 800 945 6632. The pass code for
the replay is
736960.
Additionally, a live and archived web cast of this call
will be available
on the Investor Relations section of the eLong web site at
http://ir.elong.net
for three months.
About eLong, Inc.
eLong, Inc. (Nasdaq: LONG) is a leading online travel
company in China.
Headquartered in Beijing, eLong has a national presence
across China. eLong
uses web-based distribution technologies and a 24-hour call
center to provide
consumers with access to travel reservation services.
Aiming to enrich
people's lives through the freedom of independent travel,
eLong empowers
consumers to make informed choices by providing a one-stop
travel solution and
consolidated travel tools and information such as maps,
virtual tours and user
ratings. eLong has the capacity to fulfill air ticket
reservations in over 55
major cities across China. In addition to choice of a wide
hotel selection in
the Greater China region, eLong offers Chinese consumers
the ability to make
bookings at international hotels in over 140 destinations
worldwide. eLong
operates the websites http://www.elong.com and
http://www.elong.net.
Investor Contact:
Raymond Huang
eLong, Inc.
Investor Relations Manager
ir@corp.elong.com
86-10-5860-2288 ext. 6633
eLong, Inc. CONSOLIDATED STATEMENT OF OPERATIONS
(UNAUDITED, IN THOUSANDS EXCEPT PER SHARE AMOUNTS)
IN LOCAL CURRENCY
Three
Months Ended
Mar. 31,
Dec. 31, Mar. 31,
2007
2006 2006
RMB
RMB RMB
Revenues
Hotel commissions 48,879
56,026 42,084
Air ticketing commissions 12,050
9,593 8,009
Other travel revenue 2,077
1,452 1,456
Total travel revenue 63,006
67,071 51,549
Non travel 2,275
2,647 1,904
Total revenues 65,281
69,718 53,453
Cost of services 17,701
16,651 13,173
Gross profit 47,580
53,067 40,280
Operating expenses
Service development 10,594
10,569 10,475
Sales and marketing 27,020
26,555 21,849
General and administrative 11,188
12,611 20,185
Amortization of intangibles 265
265 265
Business tax and surcharges 3,675
4,347 3,013
Total operating expenses 52,742
54,347 55,787
Loss from operations (5,162)
(1,280) (15,507)
Other income 4,329
2,289 4,263
Income/(loss) before income tax
expense (833)
1,009 (11,244)
Income tax expense 52
1,490 537
Loss from continuing operations (885)
(481) (11,781)
Discontinued operations
Income/(loss) from discontinued
operations 112
(1,332) (412)
Income tax expense/(benefit) of
discontinued operations 8
(2) (6)
Gain on sale of discontinued
operations -
- -
Total discontinued operations 104
(1,330) (406)
Net loss (781)
(1,811) (12,187)
Basic loss per share
-
Continuing operations (0.02)
(0.01) (0.24)
Discontinued operations 0.00
(0.03) (0.01)
Basic loss per share (0.02)
(0.04) (0.25)
Basic loss per ADS
Continuing operations (0.04)
(0.02) (0.48)
Discontinued operations 0.00
(0.06) (0.02)
Basic loss per ADS (0.04)
(0.08) (0.50)
Diluted loss per ADS
Continuing operations (0.04)
(0.02) (0.48)
Discontinued operations 0.00
(0.06) (0.02)
Diluted loss per ADS (0.04)
(0.08) (0.50)
Shares used in computing basic net
income/(loss) per share 50,685
50,464 50,354
Shares used in computing diluted net
income/(loss) per share 50,685
50,464 50,354
Note that 1ADS = 2 shares
* Stock-based compensations 2,769
3,194 3,952
*Unrealised foreign exchange losses 9,614
11,899 6,775
eLong, Inc. CONSOLIDATED STATEMENT OF OPERATIONS
(UNAUDITED, IN THOUSANDS EXCEPT PER SHARE AMOUNTS)
IN U.S. DOLLARS
Three
Months Ended
Mar. 31,
Dec. 31, Mar. 31,
2007
2006 2006
US$
US$ US$
Revenues
Hotel commissions 6,329
7,179 5,250
Air ticketing commissions 1,560
1,229 999
Other travel revenue 269
186 182
Total travel revenue 8,158
8,594 6,431
Non travel 295
339 238
Total revenues 8,453
8,933 6,669
Cost of services 2,292
2,134 1,643
Gross profit 6,161
6,799 5,026
Operating expenses
Service development 1,372
1,354 1,308
Sales and marketing 3,499
3,403 2,726
General and administrative 1,449
1,616 2,519
Amortization of intangibles 34
34 33
Business tax and surcharges 476
557 376
Total operating expenses 6,830
6,964 6,962
Loss from operations (669)
(165) (1,936)
Other income 561
293 532
Income/(loss) before income tax
expense (108)
128 (1,404)
Income tax expense 7
191 67
Loss from continuing operations (115)
(63) (1,471)
Discontinued operations
Income/(loss) from discontinued
operations 15
(171) (51)
Income tax expense/(benefit) of
discontinued operations 1
- (1)
Gain on sale of discontinued
operations -
- -
Total discontinued operations 14
(171) (50)
Net loss (101)
(234) (1,521)
Basic loss per share
Continuing operations (0.003)
(0.001) (0.030)
Discontinued operations 0.000
(0.004) (0.001)
Basic loss per share (0.003)
(0.005) (0.031)
Diluted loss per share
Continuing operations (0.003)
(0.001) (0.030)
Discontinued operations 0.000
(0.004) (0.001)
Diluted loss per share (0.003)
(0.005) (0.031)
Basic loss per ADS
Continuing operations (0.005)
(0.003) (0.060)
Discontinued operations 0.000
(0.008) (0.002)
Basic loss per ADS (0.005)
(0.011) (0.062)
Diluted loss per ADS
Continuing operations (0.005)
(0.003) (0.060)
Discontinued operations 0.000
(0.008) (0.002)
Diluted loss per ADS (0.005)
(0.011) (0.062)
Shares used in computing basic net
income/(loss) per share 50,685
50,464 50,354
Shares used in computing diluted net
income/(loss) per share 50,685
50,464 50,354
* Stock-based compensations 359
409 493
*Unrealised foreign exchange losses 1,245
1,525 845
Note 1: The conversions of Renminbi (RMB) into United
States dollars
(USD) as at the reporting dates are based on the noon
buying rate of
USD1.00 = RMB7.7232 on March 31, 2007, USD1.00 =
RMB7.8041 on December 31,
2006 and USD1.00 = RMB8.0167 on March 31, 2006 in the
City of New York
for cable transfers of Renminbi as certified for
customs purposes by the
Federal Reserve. No representation is intended to imply
that the RMB
amounts could have been, or could be, converted,
realized or settled into
U.S.dollars at that rate on the reporting dates.
eLong, Inc.
CONSOLIDATED SUMMARY BALANCE SHEET DATA
(UNAUDITED, IN THOUSANDS)
Mar. 31, Dec. 31,
Mar. 31, Dec. 31,
2007 2006
2007 2006
ASSETS RMB RMB
US$ US$
Current assets
Cash and cash equivalents 1,184,725 1,199,323
153,398 153,679
Total Accounts receivable, net 37,559 28,493
4,863 3,651
Investment securities 284 163
37 21
Prepaid expenses and other
current assets 11,701 12,772
1,515 1,636
Total current assets 1,234,269 1,240,751
159,813 158,987
Equipment and software, net 40,231 37,809
5,209 4,845
Goodwill 30,000 30,000
3,884 3,844
Intangibles 3,481 3,746
451 480
Other non-current assets 25,658 22,029
3,322 2,823
Deferred tax assets 982 982
127 126
Total assets 1,334,621 1,335,317
172,806 171,105
LIABILITIES AND SHAREHOLDERS'
EQUITY
Current liabilities
Accounts payable, accrued expenses
and other payables 119,871 112,328
15,521 14,394
Advances from customers 1,353 1,361
175 174
Taxes payable 9,155 20,735
1,185 2,657
Total current liabilities 130,379 134,424
16,881 17,225
Other long term liabilities 653 980
85 126
Deferred Tax Liabilities 132 132
17 17
Total liabilities 131,164 135,536
16,983 17,368
Shareholders' equity
Ordinary shares 4,197 4,192
543 537
Additional paid-in capital 1,305,643 1,301,312
169,055 166,747
Other equity items 2,398 2,398
310 307
Accumulated deficit and other
comprehensive income (108,781)
(108,121) (14,085) (13,854)
Total shareholders' equity 1,203,457 1,199,781
155,823 153,737
Total liabilities and
shareholders' equity 1,334,621 1,335,317
172,806 171,105
- -
- -
CONTACT:
Raymond Huang,
Investor Relations Manager
eLong, Inc.,
86-10-5860-2288 ext. 6633
ir@corp.elong.com/
(Nasdaq: LONG), a
leading online travel service provider in China, today
reported unaudited
financial results for the first quarter ended March 31,
2007.
(Logo:
http://www.xprn.com.cn/xprn/sa/20061103193112-91.jpg )
Business Highlights
-- Travel revenue, comprised of hotel, air and other
travel product and
service revenue, increased 22% to RMB63.0 million
for the first quarter
2007 compared with the prior year period.
-- Travel revenues by product line for the first
quarter of 2007 and 2006
were as follows (figures in RMB 000's):
Y/Y
Q1 2007 % Total Q1
2006 % Total Growth
Hotel commissions 48,879 77.6%
42,084 81.6% 16%
Air ticketing commissions 12,050 19.1%
8,009 15.5% 50%
Other travel revenue 2,077 3.3%
1,456 2.8% 43%
Total travel revenue 63,006 100%
51,549 100% 22%
-- The Company recorded an operating loss of RMB5.2
million for the first
quarter, a significant improvement from an operating
loss of RMB15.5
million for the prior year quarter;
-- The Company recorded a net loss of RMB0.8 million
for the first quarter,
compared with a net loss of RMB12.2 million for the
prior year quarter;
and
-- As of March 31, 2007 cash and cash equivalents were
RMB1.18 billion,
down 1% from RMB1.20 billion at December 31, 2006.
Cash balances
decreased RMB14.6 million primarily due to the
unrealized foreign
exchange loss of 9.6 million and capital
expenditures of 4.5 million.
"eLong increased air ticketing commissions to
nearly 20% of our travel
revenue during the first quarter," said Henrik
Kjellberg, Chairman and interim
Chief Executive Officer of eLong, Inc. "We are pleased
with our progress in
diversifying the Company's revenues, as well as continued
efficiency gains
across our operating expense base, and remain confident in
the long-term
opportunity of China's online travel market."
"eLong approaches the burgeoning Chinese travel
market from a solid
financial foundation," said Chris Chan, eLong's Chief
Financial Officer. "The
management team is committed to responsible growth, with an
aim toward
maximizing free cash flow over the long-term, while
increasing shareholder
return."
Business Results
Total and travel revenues both increased 22% for the
first quarter of 2007
compared with the prior year period, reflecting continued
growth in our core
hotel commissions business, as well by a 50% increase in
our air ticketing
commission business.
Hotel
Revenue from hotel commissions increased 16% primarily
due to higher room
volume, as well as a modest increase in commission per room
night. Room nights
booked through eLong increased 14% to 756,000, while
commission per room night
increased 3% to RMB65. Commission per room night increased
due to our hitting
higher room volume thresholds.
eLong has grown its hotel offering over 22% since first
quarter 2006, and
now features discounted rates at nearly 4,000 hotels in
over 300 cities across
China.
Air
Revenue from air ticketing commissions increased 50%,
our highest rate of
growth in the recent three quarters. The increase in
revenue was volume driven,
with a 50% increase in air segments to 326,000. Revenue per
air ticket was
flat at RMB37.
Profitability
Gross margin in the first quarter was 72.9%, a decrease
of 247 basis
points compared with 75.4% in the prior year period. Gross
margin decreased
due to the increased mix of lower gross margin air revenue,
as well as
increased compensation expense as we invest in improvements
to our call center.
Operating expenses for the first quarter of 2007 and
2006 were as follows
(figures in RMB 000's):
%
% Y/Y
Q1 2007 Revenue Q1
2006 Revenue Growth
Sales and marketing 27,020 41.4%
21,849 40.9% 24%
General and administrative 11,188 17.1%
20,185 37.8% -45%
Service development 10,594 16.2%
10,475 19.6% 1%
Business tax and surcharges 3,675 5.6%
3,013 5.6% 22%
Amortization of intangibles 265 0.4%
265 0.5% 0%
Total 52,742 80.8%
55,787 104.4% -5%
Please note that prior period sales and marketing,
service development
expenses and business tax and surcharge expenses as
presented in the above
table have been reclassified to exclude expenses related to
our discontinued
operations in order to conform with the current period
presentation.
Sales and marketing, general and administrative expense
and service
development expenses decreased 7% during the first quarter,
while total
operating expenses decreased 5%.
Sales and marketing expense increased 24%, and
increased 52 basis points
as a percentage of revenue to 41.4%. The increased expense
was due to
increases in business volume and higher marketing
spending.
General and administrative expense decreased 45% due to
lower professional
fees during the quarter. General and administrative
expenses as a percentage
of revenue were 17.1% in the first quarter.
Service development expense is composed of expenses
related to technology
and product offering, including our website, the platform
and the Company's
air, hotel and vacation package products. First quarter
service development
expense increased just 1%, and decreased 337 basis points
as a percentage of
revenue as we leveraged previous investments in our
technology.
Operating loss was RMB5.2 million as compared to an
operating loss of
RMB15.5 million in the first quarter of 2006, an
improvement of RMB10.3
million due to higher revenue and lower general and
administrative expense,
partially offset by the increase in sales and marketing
expenses and cost of
services.
Other income, which represents interest income,
unrealized exchange
gains/losses and other income/expenses, was RMB4.3 million
in the first
quarter of both 2007 and 2006. The unrealized foreign
exchange loss was RMB9.6
million in the first quarter of 2007 compared to a loss of
RMB6.8 million in
the prior year period, reflecting Renminbi appreciation
since March 31, 2006.
This increased loss was offset by net interest income of
RMB13.8 million.
The Company recorded a net loss of RMB0.8 million for
the first quarter
compared to a net loss of RMB12.2 million in the prior year
period, an
improvement of RMB11.4 million primarily due to RMB10.3
million of lower
operating loss.
Our US GAAP diluted loss per ADS for the first quarter
of 2007 was RMB0.04
compared to a diluted loss per ADS of RMB0.50 in the prior
year period. Our US
GAAP diluted loss per ADS decreased RMB0.46 due to a lower
net loss, partially
offset by a slight increase in the number of shares used in
computing our loss
per share
Business Outlook
eLong expects total revenues for the second quarter of
2007 within the
range of RMB73.0 million (US$9.5 million) to RMB81.0
million (US$10.5 million),
an increase of 9% to 21% from the second quarter of 2006.
Note to the Unaudited Interim Consolidated Financial
Statements
Financial information in this press release from
eLong's unaudited
financial statements was prepared in accordance with
generally accepted
accounting principles in the United States.
In May 2006, eLong disposed of Raytime, an operator of
hotel loyalty
programs. In October 2006, eLong sold the assets and
business of one of its'
divisions operating an interactive online dating community
(the "Division").
In accordance with SFAS No. 144, "Accounting for the
Impairment or Disposal of
Long-Lived Assets", the results of operations,
financial position and cash
flows of Raytime and the Division have been reflected in
the consolidated
financial statements and notes as a discontinued operation
for all periods
presented. Accordingly, certain items in the first quarter
of 2006 have been
reclassified to conform with the current period
presentation to facilitate
comparison.
Safe Harbor Statement
It is currently expected that the Business Outlook will
not be updated
until the release of eLong's next quarterly earnings
announcement; however,
eLong reserves the right to update its Business Outlook at
any time for any
reason.
Statements in this press release concerning eLong's
future business,
operating results and financial condition are
"forward-looking" statements
within the meaning of Section 27A of the Securities Act of
1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as
amended, and as
defined in the Private Securities Litigation Reform Act of
1995. Words such as
"anticipate," "believe,"
"estimate," "expect,"
"forecast," "intend," "may,"
"plan," "project," "predict,"
"should" and "will" and similar
expressions as
they related to the Company are intended to identify such
forward-looking
statements, but are not the exclusive means of doing so.
These forward
looking statements are based upon management's current
views and expectations
with respect to future events and are not a guarantee of
future performance.
Furthermore, these statements are, by their nature, subject
to a number of
risks and uncertainties that could cause actual performance
and results to
differ materially from those discussed in the
forward-looking statements as a
result of a number of factors. Factors that could affect
the Company's actual
results and cause actual results to differ materially from
those included in
any forward-looking statement include, but are not limited
to, eLong's
historical operating losses, its limited operating history,
declines or
disruptions in the travel industry, the recurrence of SARS,
an outbreak of
bird flu, eLong's reliance on having good relationships
with hotel suppliers
and airline ticket suppliers, our reliance on the Travelsky
GDS system for our
air business, the possibility that eLong will be unable to
timely comply with
Section 404 of the Sarbanes-Oxley Act of 2002, the risk
that eLong will not be
successful in competing against new and existing
competitors, risks associated
with Expedia, Inc.'s (Nasdaq: EXPE) majority ownership
interest in eLong and
the integration of eLong's business with that of Expedia's,
subsequent
revaluations of the Chinese currency, changes in eLong's
management team and
other key personnel and other risks outlined in eLong's
filings with the U.S.
Securities and Exchange Commission (or SEC), including
eLong's Form 20-F filed
with the SEC in connection with the Company's fiscal year
2005 results.
Readers are cautioned not to place undue reliance on any
forward-looking
statements, which speak only as of their dates.
Conference Call
eLong will host a conference call to discuss its fourth
quarter and fiscal
2006 earnings at 8:00 pm Eastern Time, May 14, 2007
(Beijing/Hong Kong time:
May 15, 2007 at 8:00 am). The management team will be on
the call to discuss
quarterly results and highlights and to answer questions.
The toll-free number
for U.S. participants is +1 800 365 8460. The dial-in
number for Hong Kong
participants is +852 2258 4000. The toll number for
international participants
is +1 210 795 0492. The pass code for all participants is
"eLong".
A replay of the call will be available for 1 day
between 9:15 pm Eastern
Time on May 14, 2007 and 9:15 pm Eastern Time on May 15,
2007. The toll-free
number for U.S. callers is +1 203 369 4590. The dial-in
number for
international callers is +1 800 945 6632. The pass code for
the replay is
736960.
Additionally, a live and archived web cast of this call
will be available
on the Investor Relations section of the eLong web site at
http://ir.elong.net
for three months.
About eLong, Inc.
eLong, Inc. (Nasdaq: LONG) is a leading online travel
company in China.
Headquartered in Beijing, eLong has a national presence
across China. eLong
uses web-based distribution technologies and a 24-hour call
center to provide
consumers with access to travel reservation services.
Aiming to enrich
people's lives through the freedom of independent travel,
eLong empowers
consumers to make informed choices by providing a one-stop
travel solution and
consolidated travel tools and information such as maps,
virtual tours and user
ratings. eLong has the capacity to fulfill air ticket
reservations in over 55
major cities across China. In addition to choice of a wide
hotel selection in
the Greater China region, eLong offers Chinese consumers
the ability to make
bookings at international hotels in over 140 destinations
worldwide. eLong
operates the websites http://www.elong.com and
http://www.elong.net.
Investor Contact:
Raymond Huang
eLong, Inc.
Investor Relations Manager
ir@corp.elong.com
86-10-5860-2288 ext. 6633
eLong, Inc. CONSOLIDATED STATEMENT OF OPERATIONS
(UNAUDITED, IN THOUSANDS EXCEPT PER SHARE AMOUNTS)
IN LOCAL CURRENCY
Three
Months Ended
Mar. 31,
Dec. 31, Mar. 31,
2007
2006 2006
RMB
RMB RMB
Revenues
Hotel commissions 48,879
56,026 42,084
Air ticketing commissions 12,050
9,593 8,009
Other travel revenue 2,077
1,452 1,456
Total travel revenue 63,006
67,071 51,549
Non travel 2,275
2,647 1,904
Total revenues 65,281
69,718 53,453
Cost of services 17,701
16,651 13,173
Gross profit 47,580
53,067 40,280
Operating expenses
Service development 10,594
10,569 10,475
Sales and marketing 27,020
26,555 21,849
General and administrative 11,188
12,611 20,185
Amortization of intangibles 265
265 265
Business tax and surcharges 3,675
4,347 3,013
Total operating expenses 52,742
54,347 55,787
Loss from operations (5,162)
(1,280) (15,507)
Other income 4,329
2,289 4,263
Income/(loss) before income tax
expense (833)
1,009 (11,244)
Income tax expense 52
1,490 537
Loss from continuing operations (885)
(481) (11,781)
Discontinued operations
Income/(loss) from discontinued
operations 112
(1,332) (412)
Income tax expense/(benefit) of
discontinued operations 8
(2) (6)
Gain on sale of discontinued
operations -
- -
Total discontinued operations 104
(1,330) (406)
Net loss (781)
(1,811) (12,187)
Basic loss per share
-
Continuing operations (0.02)
(0.01) (0.24)
Discontinued operations 0.00
(0.03) (0.01)
Basic loss per share (0.02)
(0.04) (0.25)
Basic loss per ADS
Continuing operations (0.04)
(0.02) (0.48)
Discontinued operations 0.00
(0.06) (0.02)
Basic loss per ADS (0.04)
(0.08) (0.50)
Diluted loss per ADS
Continuing operations (0.04)
(0.02) (0.48)
Discontinued operations 0.00
(0.06) (0.02)
Diluted loss per ADS (0.04)
(0.08) (0.50)
Shares used in computing basic net
income/(loss) per share 50,685
50,464 50,354
Shares used in computing diluted net
income/(loss) per share 50,685
50,464 50,354
Note that 1ADS = 2 shares
* Stock-based compensations 2,769
3,194 3,952
*Unrealised foreign exchange losses 9,614
11,899 6,775
eLong, Inc. CONSOLIDATED STATEMENT OF OPERATIONS
(UNAUDITED, IN THOUSANDS EXCEPT PER SHARE AMOUNTS)
IN U.S. DOLLARS
Three
Months Ended
Mar. 31,
Dec. 31, Mar. 31,
2007
2006 2006
US$
US$ US$
Revenues
Hotel commissions 6,329
7,179 5,250
Air ticketing commissions 1,560
1,229 999
Other travel revenue 269
186 182
Total travel revenue 8,158
8,594 6,431
Non travel 295
339 238
Total revenues 8,453
8,933 6,669
Cost of services 2,292
2,134 1,643
Gross profit 6,161
6,799 5,026
Operating expenses
Service development 1,372
1,354 1,308
Sales and marketing 3,499
3,403 2,726
General and administrative 1,449
1,616 2,519
Amortization of intangibles 34
34 33
Business tax and surcharges 476
557 376
Total operating expenses 6,830
6,964 6,962
Loss from operations (669)
(165) (1,936)
Other income 561
293 532
Income/(loss) before income tax
expense (108)
128 (1,404)
Income tax expense 7
191 67
Loss from continuing operations (115)
(63) (1,471)
Discontinued operations
Income/(loss) from discontinued
operations 15
(171) (51)
Income tax expense/(benefit) of
discontinued operations 1
- (1)
Gain on sale of discontinued
operations -
- -
Total discontinued operations 14
(171) (50)
Net loss (101)
(234) (1,521)
Basic loss per share
Continuing operations (0.003)
(0.001) (0.030)
Discontinued operations 0.000
(0.004) (0.001)
Basic loss per share (0.003)
(0.005) (0.031)
Diluted loss per share
Continuing operations (0.003)
(0.001) (0.030)
Discontinued operations 0.000
(0.004) (0.001)
Diluted loss per share (0.003)
(0.005) (0.031)
Basic loss per ADS
Continuing operations (0.005)
(0.003) (0.060)
Discontinued operations 0.000
(0.008) (0.002)
Basic loss per ADS (0.005)
(0.011) (0.062)
Diluted loss per ADS
Continuing operations (0.005)
(0.003) (0.060)
Discontinued operations 0.000
(0.008) (0.002)
Diluted loss per ADS (0.005)
(0.011) (0.062)
Shares used in computing basic net
income/(loss) per share 50,685
50,464 50,354
Shares used in computing diluted net
income/(loss) per share 50,685
50,464 50,354
* Stock-based compensations 359
409 493
*Unrealised foreign exchange losses 1,245
1,525 845
Note 1: The conversions of Renminbi (RMB) into United
States dollars
(USD) as at the reporting dates are based on the noon
buying rate of
USD1.00 = RMB7.7232 on March 31, 2007, USD1.00 =
RMB7.8041 on December 31,
2006 and USD1.00 = RMB8.0167 on March 31, 2006 in the
City of New York
for cable transfers of Renminbi as certified for
customs purposes by the
Federal Reserve. No representation is intended to imply
that the RMB
amounts could have been, or could be, converted,
realized or settled into
U.S.dollars at that rate on the reporting dates.
eLong, Inc.
CONSOLIDATED SUMMARY BALANCE SHEET DATA
(UNAUDITED, IN THOUSANDS)
Mar. 31, Dec. 31,
Mar. 31, Dec. 31,
2007 2006
2007 2006
ASSETS RMB RMB
US$ US$
Current assets
Cash and cash equivalents 1,184,725 1,199,323
153,398 153,679
Total Accounts receivable, net 37,559 28,493
4,863 3,651
Investment securities 284 163
37 21
Prepaid expenses and other
current assets 11,701 12,772
1,515 1,636
Total current assets 1,234,269 1,240,751
159,813 158,987
Equipment and software, net 40,231 37,809
5,209 4,845
Goodwill 30,000 30,000
3,884 3,844
Intangibles 3,481 3,746
451 480
Other non-current assets 25,658 22,029
3,322 2,823
Deferred tax assets 982 982
127 126
Total assets 1,334,621 1,335,317
172,806 171,105
LIABILITIES AND SHAREHOLDERS'
EQUITY
Current liabilities
Accounts payable, accrued expenses
and other payables 119,871 112,328
15,521 14,394
Advances from customers 1,353 1,361
175 174
Taxes payable 9,155 20,735
1,185 2,657
Total current liabilities 130,379 134,424
16,881 17,225
Other long term liabilities 653 980
85 126
Deferred Tax Liabilities 132 132
17 17
Total liabilities 131,164 135,536
16,983 17,368
Shareholders' equity
Ordinary shares 4,197 4,192
543 537
Additional paid-in capital 1,305,643 1,301,312
169,055 166,747
Other equity items 2,398 2,398
310 307
Accumulated deficit and other
comprehensive income (108,781)
(108,121) (14,085) (13,854)
Total shareholders' equity 1,203,457 1,199,781
155,823 153,737
Total liabilities and
shareholders' equity 1,334,621 1,335,317
172,806 171,105
- -
- -
CONTACT:
Raymond Huang,
Investor Relations Manager
eLong, Inc.,
86-10-5860-2288 ext. 6633
ir@corp.elong.com/
2007'05.16.Wed
Fuwei Films Schedules Conference Call for Q1 2007 Financial Results
May 15, 2007
BEIJING, May 15 /Xinhua-PRNewswire-FirstCall/ -- Fuwei
Films (Nasdaq:
FFHL) today announced that it has scheduled a conference
call for Tuesday, May
15, 2007, at 9:00am Eastern time to discuss its Q1 2007
financial results.
Date: Tuesday, May 15, 2007
Time: 9:00 am Eastern
To listen via telephone:
Dial-in number: 800 366 3908
International Callers: 303 205 0044
Replay:
A telephone playback of the call will be available
following the
conference and can be accessed by calling 800 405 2236 or
for international
callers, please call 303 590 3000. The reservation number
for the replay is
11090243 The telephone playback will be available through
Monday, May 28,
2007.
About Fuwei Films:
Fuwei Films conducts its business through its wholly
owned subsidiary
Shandong Fuwei Films Co., Ltd. ("Shandong
Fuwei"). Shandong Fuwei develops,
manufactures and distributes high quality plastic films
using the biaxial
oriented stretch technique, otherwise known as BOPET film
(biaxially oriented
polyethylene terephthalate). Fuwei's BOPET film is widely
used to package
food, medicine, cosmetics, tobacco and alcohol, as well as
in the imaging,
electronics, and magnetic products industries.
For more information about the Company, please visit
the Company's website
at http://en.fuweifilms.com or http://www.fuweifilms.com or
review the
Company's annual report and other documents for free at
www.sec.gov.
This press release contains information that
constitutes forward-looking
statements made pursuant to the safe harbor provisions of
the Private
Securities Litigation Reform Act of 1995. Any such
forward-looking statements
involve risk and uncertainties that could cause actual
results to differ
materially from any future results described by the
forward-looking
statements. Risk factors that could contribute to such
differences include
those matters more fully disclosed in the Company's reports
filed with the
Securities and Exchange Commission. The forward-looking
information
provided herein represents the Company's estimates as of
the date of the press
release, and subsequent events and developments may cause
the Company's
estimates to change. The Company specifically disclaims any
obligation to
update the forward-looking information in the future.
Therefore, this forward-
looking information should not be relied upon as
representing the Company's
estimates of its future financial performance as of any
date subsequent to the
date of this press release.
The forward-looking statements included in this press
release are subject
to risks, uncertainties and assumptions about our
businesses and business
environments. These statements reflect our current views
with respect to
future events and are not a guarantee of future
performance. Actual results of
our operations may differ materially from information
contained in the
forward-looking statements as a result of risk factors some
of which are
include, among other things, competition in the BOPET film
industry; growth
of, and risks inherent in, the BOPET film industry in
China; uncertainty as to
future profitability and our ability to obtain adequate
financing for our
planned capital expenditure requirements; uncertainty as to
our ability to
continuously develop new BOPET film products and keep up
with changes in BOPET
film technology; risks associated with possible defects and
errors in our
products; uncertainty as to our ability to protect and
enforce our
intellectual property rights; uncertainty as to our ability
to attract and
retain qualified executives and personnel; and uncertainty
in acquiring raw
materials on time and on acceptable terms, particularly in
view of the
volatility in the prices of petroleum products in recent
years.
CONTACT:
Robert Schechter,
Corporate Insights-Equity Communications,
+1-646-234-3624,
rschechter@corp-insights.com;
Investor Relations,
Yan Young
Fuwei Films (Holdings) Co., Ltd.
+86-10 85185620
fuweiIR@fuweifilms.com
2007'05.16.Wed
First Embraer 170 Jet Is Delivered to EgyptAir Express
May 15, 2007
Aircraft marks the beginning of E-Jets' operation in Egypt
SAO JOSE DOS CAMPOS, Brazil, May 15 /Xinhua-PRNewswire/
-- Embraer delivered the first of six EMBRAER 170 jets today
to EgyptAir Express, the new subsidiary of the Egyptian flag
carrier, EgyptAir.
This aircraft is the first E-Jet to operate in that
country. EgyptAir selected the EMBRAER 170 in September
2006, placing an order for six aircraft, plus six options.
The E-Jets will serve as the backbone of the EgyptAir
Express fleet, flying to primary and secondary destinations
within its domestic and regional markets.
"Today's delivery is of special importance to us
because it marks the beginning of EgyptAir Express'
operations," said Mauro Kern, Embraer Executive Vice
President, Airline Market. "Passenger comfort and
efficiency are EgyptAir Express' top priorities and we are
pleased and honored that the EMBRAER 170 has been selected
to fulfill their needs."
The EMBRAER 170 jets of EgyptAir Express are configured
with leather seats, comfortably seating 76 passengers.
"The EMBRAER 170 was chosen after a rigorous
comparative study and proved to be the best option for
EgyptAir Express' business plan," said Engineer
Mohamed Hassan, Chairman of EgyptAir Express. "The
arrival of the first EMBRAER 170 marks the start of our
operations and is a very exciting time for all of us who
have been involved in the creation of this new airline,
especially since it coincides with the celebration of the
75th anniversary of EgyptAir."
Embraer and EgyptAir are studying the possibility of
establishing an authorized service center for the E-Jets in
the region, to be run by EgyptAir M&E.
About the EMBRAER 170/190 Family
The EMBRAER 170/190 E-Jets family is comprised of four
commercial jets with 70 to 122 seats featuring advanced
engineering design, outstanding performance, high operating
economics, and a spacious cabin.
The E-Jets can fly at a maximum operating speed of Mach
0.82 and 41,000 ft altitude (12,497 m), with a range of up
to 2,300 nautical miles (4,260 km). The high degree of
commonality among the four aircraft results in exceptional
spare parts and maintenance cost reduction for carriers.
Another key feature is the fly-by-wire technology used
in the flight control systems, similar to that deployed on
larger commercial jets and advanced military aircraft.
The EMBRAER 170/190 family of jets provides superior
comfort with its double-bubble fuselage design that
includes two main passenger entrances and two service doors
that minimize aircraft turn-around time. The E-Jets offer
much more space and comfort for passengers, in a single or
dual-class layout, than other aircraft with similar seating
capacities.
On March 31, 2007, the E-Jets family order book had
logged 630 firm orders and 558 options, totaling 1,118
aircraft to 32 customers in 22 countries.
Visit the Embraer Image Gallery at
http://www.Embraer.com .
About Embraer
Embraer (Empresa Brasileira de Aeronautica S.A. - NYSE:
ERJ; Bovespa: EMBR3) is the world's largest manufacturer of
Commercial jets up to 120 seats, and one of Brazil's
leading exporters. Embraer's headquarters are located in
Sao Jos¨¦ dos Campos, Sao Paulo, and it has offices,
industrial operations and customer service facilities in
Brazil, the United States, France, Portugal, China and
Singapore. Founded in 1969, the Company designs, develops,
manufactures and sells aircraft for the Commercial
Aviation, Executive Aviation, and Defense and Government
segments. The Company also provides after sales support and
services to customers worldwide. On March 31, 2007, Embraer
had a workforce of 21,005 employees and a firm order
backlog of US$ 15.0 billion.
This document may contain projections, statements and
estimates regarding circumstances or events yet to take
place. Those projections and estimates are based largely on
current expectations, forecasts on future events and
financial tendencies that affect the Company's businesses.
Those estimates are subject to risks, uncertainties and
suppositions that include, among others: general economic,
political and trade conditions in Brazil and in those
markets where the Company does business; expectations on
industry trends; the Company's investment plans; its
capacity to develop and deliver products on the dates
previously agreed upon, and existing and future
governmental regulations. The words "believe,"
"may," "is able," "will be
able," "intend," "continue,"
"anticipate," "expect" and other
similar terms are supposed to identify potentialities. The
Company does not feel compelled to publish updates nor to
revise any estimates due to new information, future events
or any other facts. In view of the inherent risks and
uncertainties, such estimates, events and circumstances may
not take place. The actual results can therefore differ
substantially from those previously published as Company
expectations.
For your information, please contact:
Brazil
Rosana Dias
Tel: +011-55-12-3927-1311
Cell: +011-55-12-9724-4929
Fax: +011-55-12-3927-2411
Email: rosana.dias@embraer.com.br
North America
Pedro Ferraz
Tel: +1-954-359-3414
Cell: +1-954-651-1871
Fax: +1-954-359-4755
Email: pedro.ferraz@embraer.com
Europe, Middle East and Africa
Stephane Guilbaud
Tel: +011-331-4938-4455
Cell: +011-336-7522-8519
Fax: +011-331-4938-4456
Email: sguilbaud@embraer.fr
Catherine Fracchia
Tel: +011-331-4938-4530
Cell: +011-336-7523-6903
Fax: +011-331-4938-4456
Email: cfracchia@embraer.fr
China
Tracy Chen
Tel: +011-86-10-6505-5045
Cell: +011-86-1391-018-2281
Fax: +011-86-10-6505-9866
Email: tracy.chen@bjs.embraer.com
Web: http://www.embraer.com.br
2007'05.16.Wed
LDK Solar Files Registration Statement With the SEC for an Initial Public Offering of Its American Depositary Shares
May 15, 2007
XINYU CITY, China and SUNNYVALE, Calif., May 15
/Xinhua-PRNewswire/ -- LDK Solar Co., Ltd., a manufacturer
of multicrystalline solar wafers, announced today that it
has filed a registration statement on Form F-1 with the
Securities and Exchange Commission for a proposed initial
public offering of 17,384,000 American Depository Shares
("ADSs"), representing 17,384,000 ordinary shares
of the company. The proposed offering includes an offering
of 3,991,900 ADSs by the selling shareholders named in the
registration statement. Each ADS represents one ordinary
share of the company. The price range for the offering is
between US$25.00 and US$27.00 per ADS. LDK has applied to
list its ADSs on the New York Stock Exchange under the
symbol "LDK".
Morgan Stanley & Co. International plc and UBS AG
will act as joint book-running managers for the offering.
Piper Jaffray & Co., CIBC World Markets Corp., and CLSA
Limited are serving as co-managers. JPMorgan Chase Bank,
N.A. will act as the depositary for the ADSs.
A copy of the prospectus relating to these securities
may be obtained, when available, from: Morgan Stanley &
Co. Incorporated, Prospectus Department, 180 Varick Street,
New York, NY 10014; Attention: Prospectus Department or by
e-mail at prospectus@morganstanley.com or UBS Investment
Bank, Prospectus Department, c/o Clint Lauriston, 299 Park
Avenue, New York, NY 10171; telephone number: 212-821-3884,
fax number: 212-821-3285, email: clint.lauriston@ubs.com.
A registration statement relating to these securities
has been filed with the Securities and Exchange Commission
but has not yet become effective. These securities may not
be sold nor may offers to buy be accepted prior to the time
the registration statement becomes effective. This release
shall not constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of these
securities in any state or jurisdiction in which such
offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of
any such state or jurisdiction.
About LDK Solar
LDK Solar Co., Ltd. is a manufacturer of
multicrystalline solar wafers, which are the principal raw
material used to produce solar cells. LDK sells
multicrystalline wafers globally to manufacturers of
photovoltaic products, including solar cells and solar
modules. In addition, the company provides wafer processing
services to monocrystalline and multicrystalline solar cell
and module manufacturers. LDK's headquarters and
manufacturing facilities are located in Hi-Tech Industrial
Park, Xinyu City, Jiangxi province in the People's Republic
of China. The company's office in the United States is
located in Sunnyvale, California.
Safe Harbor Statement
This press release includes statements that may
constitute forward-looking statements made pursuant to the
safe harbor provisions of the U.S. Private Securities
Litigation Reform Act of 1995. Although LDK believes that
the expectations reflected in such forward-looking
statements are based on reasonable assumptions, such
statements are subject to risk and uncertainties that could
cause actual results to differ materially from those
projected.
For more information, please contact:
Lisa Laukkanen
The Blueshirt Group
Tel: +1-415-217-4967
Email: lisa@blueshirtgroup.com
Jack Lai
Executive VP and CFO
LDK Solar Co., Ltd.
Tel: +1-408-931-1688
Email: IR@ldksolar.com
2007'05.16.Wed
Aviation Growth Hits All-Time High
May 15, 2007
-- World's airlines offer 114,000 more flights and
17.7 million more
seats year on year
-- 12 million more low cost seats
-- Low cost sector now accounts for 16% of all flights
worldwide and
1 in 5 of all airline seats
-- Significant rises in transatlantic flights
BEIJING, May 15 /Xinhua-PRNewswire/ -- The global
airline industry shows no sign of reducing its activities;
with a 5% increase in the number of flights scheduled for
May 2007 compared with the same month last year. According
to the latest statistics from OAG, the world's authority on
flight information, this represents an additional 113,827
flights and an astonishing 17.7 million extra seats
available to travellers.
A total of 2.51 million flights are timetabled this
month, topping the previous industry high of 2.49 million
reported for August 2006. Within this global figure of all
scheduled passenger flight operations, the low cost sector
shows a 22% increase of over 70,000 more flights year on
year and a 26% rise in the number of seats available,
representing an extra 12 million low cost seats.
Duncan Alexander, Managing Director at OAG, commented:
"From an industry perspective this healthy growth
bodes very well for the future. We are witnessing a step
change in the way airlines are differentiating their
product. On the one hand we have seen the low cost sector
grow from 6% of all flights in 2001 to 16% today--- this is
1 in 5 of all airline seats. On the other hand, network
carriers are investing on the high-yield end of the market
and upgrading their premium products. This is great news
from a traveller's viewpoint, with much more competition
and choice."
The figures are revealed in the latest OAG Quarterly
Airline Traffic Statistics, a regular snapshot of airline
activity around the world. Flight information and data
solutions company OAG, collates data from more than 1000
scheduled airlines, on a daily basis, which gives an
overview of anticipated travel demand.
Regional Growth
Regionally, this month there are over 29,000 more
flights within Europe offering 5.5 million more seats, an
increase of 5% and 8% respectively over May 2006.
Asia/Pacific continues to show strong growth within the
region, with 38,000 more flights and 6.2 million more
seats, increases of 8% and 9% respectively. North America,
while showing a relatively modest growth in percentage
terms for flights and seats at 3% for both, represents an
additional 2.5 million additional seats on 26,000 more
domestic flights.
Growth is especially strong within the Middle East
region and for international flights to and from Africa.
OAG statistics for this month show there is an increase of
13% in the number of intra-regional flights within the
Middle East, representing 4,000 flights and 1/2 million
seats. International flight operations to and from Africa
rose by 14%, or 3,300 flights, offering 13% more capacity,
or 600,000 more seats.
Looking specifically at the low cost sector, all
regions are showing steady growth year on year. Low cost
airlines have timetabled 19,000 more flights (3.5 million
more seats) within Asia Pacific; 17,500 more flights (2
million more seats) within North America; and 25,700 more
flights (4.9 million more seats) within Europe.
Route Growth
With the imminent start of Open Skies across the
Atlantic, it is interesting to note that transatlantic
traffic for May 2007 shows one of the highest increases of
all the major routes: up by 6%, or 1,400 more flights a
month involving over 420,000 more seats.
In sheer size, the most noteworthy route showing a year
on year increase is for flights between Western Europe and
Africa. This month there are over 2,200 more flights
scheduled between these two continents, up 13%, and over
360,000 more seats available.
Below is a chart showing a 7-year growth trend for
selected regions in terms of number of flight schedules:
Key Regions May-01 May-02
May-03 May-04
Worldwide 2,318,609 2,168,288
2,099,743 2,243,013
To/From Africa 17,664 17,415
17,908 20,232
Within Africa 47,406 46,789
46,294 46,693
To/From Asia/Pacific 32,099 30,453
31,129 37,666
Within Asia/Pacific 357,993 359,409
351,844 410,887
To/From Central &
South America 49,698 45,966
46,590 52,307
Within Central &
South America 200,598 194,532
172,928 171,949
To/From Europe 68,660 63,228
62,218 72,669
Within Europe 528,043 495,186
499,557 522,448
To/From Middle East 20,708 18,862
20,145 24,343
Within Middle East 24,677 23,703
23,108 25,435
To/From North America 79,357 70,605
67,710 78,365
Within North America 1,025,688 925,255
883,162 922,810
America
Key Regions May-05 May-06
May-07 Growth
07 vs. 06
Worldwide 2,367,951 2,399,815
2,513,642 5%
To/From Africa 22,491 24,446
27,759 14%
Within Africa 51,844 49,647
51,695 4%
To/From Asia/Pacific 40,189 45,151
48,079 6%
Within Asia/Pacific 445,483 479,550
517,685 8%
To/From Central &
South America 54,577 55,336
55,437 0%
Within Central &
South America 172,144 179,438
185,711 3%
To/From Europe 78,230 84,963
90,730 7%
Within Europe 557,321 582,536
611,746 5%
To/From Middle East 27,029 31,247
33,720 8%
Within Middle East 27,053 31,282
35,350 13%
To/From North America 82,622 84,719
86,573 2%
Within North America 961,537 914,431
940,306 3%
Other noteworthy statistics for May 2007 vs May 2006:
All passenger flight operations:
-- To/From UK up by more than 8,000 flights (7%) and
1.9m seats (10%)
-- Domestic China up by 22.9k flights (18%) and 3.2m
seats (18%)
-- To/From China up by 5.6k flights (17%) and 1m seats
(12%)
-- Indonesia domestic up by 1,700 flights (6%) and
213k seats (6%)
-- Emerging market of Vietnam: flights to/from up by
839 flights (19%)
and 125k seats (14%)
-- To/From Russia up by 2,500 flights (16%) and 353k
seats (16%)
-- Healthy growth for new EU states, including:
-- To/From Romania up by 800 more flights (14%) and
98k seats (16%)
-- To/From Bulgaria up by 300 more flights (10%) and
44k seats (12%)
Specific to the Low Cost sector:
-- To/From UK up by 5,100 flights (14%) and 1.1m more
seats (17%)
-- To/From Spain up by 13.3k more flights (68%) and
2.5m more seats (77%)
-- To/From Germany up by 10,600 flights (52%) and 2m
seats (64%)
-- 62% growth in India domestic (7.2k more flights)
and 1.6m more seats
(151%)
-- Within Brazil up 40% flights and 44% seats (4.9k
flights, 800k seats)
-- Within Malaysia up 40% flights (1,200 flights) and
59% seats (264k)
-- To/From Morocco increase of 171% flights (932 more
flights) and 172%
seats (159k)
Routes/Hubs
-- Contributing to the transatlantic growth: New York
JFK to/from
W Europe has 300 more flights (up 7%) and 70k more
seats (up 6%) a
month
-- Between Asia Pacific & Western Europe there is
steady 3% growth in
flights and seats (347 flights & 98k seats)
-- Specifically from Hong Kong to/from Western Europe,
increase of 172
flights (15%) & 59k seats (16%)
-- Transpacific growth is running at 2% year on year,
with 167 more
flights and 3% more seats (76k)
-- Between Beijing and N America there are 83 more
flights (16%) and 15k
more seats (10%)
-- Between Shanghai and N America there are 59 flights
(17%) and 21.8k
more seats (23%)
-- Contributing to the growth between Europe and
Africa, London Heathrow
has an additional 122 flights (6%) and 31k seats
(6%)
-- Between Cairo and Europe there are 160 more flights
(11%) and 20.6k
seats (7%)
Notes to Editors:
Analysis on specific countries and key routes and hubs
worldwide is available from OAG on request.
About OAG
OAG is a global flight information and data solutions
company for the passenger aviation, air cargo logistics and
business travel markets. It brings together buyers and
sellers of air travel and transport through the management
and distribution of airline product information; the supply
of corporate travel planning tools; and the promotion of
travel and transport products.
OAG's business is underpinned by its data management
expertise. It holds a breadth of travel related content and
is best known for its airline schedules database. This holds
future and historical flight details for 1,000 airlines and
more than 3,500 airports. Every ten seconds a flight is
updated on the OAG system. Over the coming year it will
track around 28 million departures.
More information about the company, its products and
its services is available on the OAG web sites
http://www.oag.com , http://www.oagdata.com and
http://www.oagcargo.com .
OAG is part of Commonwealth Business Media
(http://www.cbizmedia.com ), a wholly owned subsidiary of
United Business Media plc
(http://www.unitedbusinessmedia.com ).
For further information about OAG (
http://www.oag.com), please contact:
Christopher Pickard at DBA
Tel: +44-20-7930-8033
Email: chris@dbapr.co.uk
2007'05.16.Wed
ZigBee Sees Strong Growth for Energy Management and Efficiency Solutions
May 14, 2007
New Members and Implementations of ZigBee Solutions for
Consumers and Utilities Dramatically Expands Energy
Efficiency Benefits for Everyone
SAN RAMON, Calif., May 14 /Xinhua-PRNewswire/ -- The
ZigBee(R) Alliance, a global ecosystem of companies
creating wireless solutions for use in energy, residential,
commercial and industrial applications, today announced its
members are joining forces and leveraging their global
wireless and utility expertise to fight the predicted
global energy crisis. With this commitment, the Alliance
has increased membership and expanded its ability to
deliver solutions that are helping consumers, businesses
and utilities improve efficiency, reduce the need for new
power plants and save money.
The Alliance enjoys strong endorsement of its energy
management and efficiency solutions by utility industry and
smart energy grid proponents. Some of the world's leading
and innovative energy companies, ranging from utilities to
suppliers have recently joined the Alliance and are relying
on ZigBee solutions. Utilities such as CenterPoint Energy,
Southern California Edison and Sempra Utilities are working
alongside other member companies such as Cellnet, Eaton,
Itron, Phillips, Schneider Electric, Siemens, Comverge,
Control4, DCSI, Golden Power, Johnson Controls, Legrand,
Nivis, Nuri Telecom, Sensus Metering, Silver Spring
Networks, Site Controls, Talon Communications, Trilliant
Networks, Tritech Technology and Viconics to use existing
low-cost and easily installable ZigBee products and
services. As a result of these Alliance member's efforts,
more ZigBee products are being shipped now to utility
companies around the world than ever before.
"CenterPoint Energy is one of the leading utility
companies in the United States promoting and deploying
intelligent grid technology. The ZigBee standard provides
a crucial link to make our advanced metering infrastructure
upgrade an even more robust reality," said Tom
Standish, CenterPoint Energy group president, Regulated
Operations. "Our AMI program enhances the efficiency
and reliability of our operations and, through the use of
ZigBee enabled equipment in the home, ultimately gives
consumers more ways to manage and use energy in a more
cost-effective and energy-efficient way."
Alliance members provide consumers, building owners and
the energy industry with interoperable products and an open
and interoperable standard connecting consumer and
commercial devices to the utility grid. The ZigBee Advanced
Metering Infrastructure (AMI) Profile will take advantage of
other ZigBee application profiles for Home and Commercial
building automation products, filling a critical gap and
integrating Home Area Networks (HAN), or in-premise
networks, to smart energy grids. The ZigBee AMI Profile
provides the critical "last foot" connection from
a smart meter to existing ZigBee networks conducting home
and commercial building automation. It also provides a
standards-based approach for utility programs such as
demand response and demand-based pricing programs which
will drive global energy efficiency to unprecedented
levels.
In the U.S. alone, progressive utility companies and
state legislatures are expected to deploy new smart meters
in approximately 30 million homes over the next few years.
Southern California Edison selected ZigBee as the standard
in its HAN technology for its five million smart meter
upgrade program. Many countries and U.S. states are
considering legislation to provide incentives and encourage
the deployment of AMI to offset the predicted energy crunch,
avoid building new power plants and help slow global carbon
emissions.
"ZigBee is the best answer for utilities looking
to deliver innovative services that bring value to both
consumers and businesses while also introducing energy
efficiency programs designed to offset the rising tide of
global energy consumption," said Bob Heile, chairman
of the ZigBee Alliance. "ZigBee has a global standard
which lets product companies and utilities alike focus their
time and energy on promoting energy efficiency programs
rather than engineering country-by-country or
state-by-state products. ZigBee provides immediate energy
efficiency savings because it lets home and building owners
use their ZigBee home area networks to participate in
programs that reduce energy consumption. Ultimately, it
pays to remember the cleanest energy is energy not
generated in the first place.
ZigBee Home Area Networks
ZigBee HAN, or in-premise networks, enable two-way
communication and control of ZigBee devices inside the home
and serve as the key entry point for smart energy grids.
This communication and control is possible because ZigBee
is a global wireless language that connects dramatically
different devices. Because ZigBee is a global wireless
standard, it provides the scalability and reliability
needed to support an infrastructure as demanding as smart
energy grids. ZigBee links devices starting with the
utility meter and reaches thermostats, household
appliances, HVAC, pool pumps, water heaters, lighting
systems and other household or building systems creating
the HAN. For utility companies, ZigBee enables a standards
based approach to energy efficiency programs such as demand
response, time-of-use pricing programs, energy monitoring,
pay-as-you-use and net metering programs, enabling home
owners use of distributed generation products like solar
panels. These new energy management programs directly
impact consumers and businesses as utilities grapple with
meeting growing power demand while reducing the threat of
rolling blackouts during peak usage periods.
Global Energy Issues
-- Increased energy efficiency is driven today by
global macro trends like
scarce energy resources, increased competition for
resources and global
warming
-- According to the International Energy Agency
forecast, worldwide
electricity demand will rise to 30,116 billion
kilowatt-hours in 2030,
more than double the 2003 level
-- In the next decade, the United States will need to
build an
additional 160 large power plants to meet demand
according to the North
American Electric Reliability Council
-- Asian energy demand growth will be stronger than
other regions at
around 2.0 percent per year despite high energy
prices through 2030
-- Energy efficiency and demand response represents a
5th fuel -- an
alternative to coal, natural gas, hydropower and
nuclear fuel -- and is
the cheapest, fastest and most effective way to
secure the world's
energy supply
ZigBee: Wireless Control That Simply Works
The ZigBee Alliance is an association of companies
working together to enable reliable, cost-effective,
low-power, wirelessly networked monitoring and control
products based on an open global standard. The ZigBee
Alliance membership comprises technology providers and
original equipment manufacturers worldwide. Membership is
open to all. Additional information can be found at
http://www.zigbee.org .
For more information, please contact:
Kevin Schader
ZigBee Alliance
Tel: +1-925-275-6672
Email: kschader@inventures.com
Tommy Tse
GolinHarris
Tel: +1-415-274-7915
Email: ttse@golinharris.com
2007'05.16.Wed
Canadian Solar Reports First Quarter 2007 Results
May 14, 2007
JIANGSU, China, May 14 /Xinhua-PRNewswire-FirstCall/ --
Canadian Solar Inc. ("the Company,"
"CSI," or "we") (Nasdaq: CSIQ) today
reported its preliminary unaudited financial results for
the first quarter ended March 30, 2007.
Net revenues for the first quarter of 2007 were $17.5
million, including $2.8 million silicon material sales,
compared to net revenues of $8.8 million for the first
quarter of 2006. The net loss for the first quarter of
2007 was $3.9 million, or $0.14 per diluted share, compared
to the net loss of $7.1 million, or $0.46 per diluted share,
for the first quarter of 2006. Excluding share-based
compensation expenses of $2.2 million and the non-cash tax
provision of $0.22 million, the net loss for the first
quarter of 2007 would have been $1.4 million, or $0.05 per
diluted share.
Dr. Shawn Qu, Chairman and CEO of CSI, commented:
"Q1 developed as expected, with year-over-year revenue
growth, an improvement in blended gross margin and stable
pricing compared to Q4 2006. During the quarter, we took
the opportunity to reorganize our supply chain to position
the Company for success in 2007. In addition, we increased
our sales contracts worldwide. The additional sales and
marketing resources we added continue to pay off. We saw a
clear trend of market demand moving towards high market
reputation and financially strong module manufacturers,
like CSI. This led to a much higher level of customer
activity starting in March 2007, which we expect will
further build throughout the year. CSI continues to ramp up
its in-house solar cell manufacturing, while also
maintaining long-term strategic purchasing from a few
selected supply partners. We believe this balanced supply
approach creates a win-win situation and provides us with
the ability to respond quickly to increased demand from our
customers. We continue to build CSI's brand as a trusted
supplier of solar products based on product design,
performance and customization, as well as after-sale
services."
Bing Zhu, our Chief Financial Officer, said: "We
made good progress in Q1. In line with normal seasonal
patterns and the Chinese New Year factory shut down, Q1
started slowly but picked-up in March. The European
market, which was weak in Q406, rebounded strongly and
represented over 69% of our sales in Q107, compared to
about 45% in Q406. We continue to diversify our geographic
reach. Sales to South America represented almost 11% of our
revenues in Q1 from nil in previous quarters. In Q207, we
expect to also begin selling into Italy and Korea. We are
pleased that blended gross margin improved in Q1 compared
to Q406 and we expect this trend to continue in Q2 and
through the year as we start to benefit from higher solar
module shipments, lower materials costs and the continued
ramp-up of our in-house cell production lines."
On April 15, 2007, CSI officially opened its first
solar cell manufacturing facility, with a manufacturing
area of about 10,000 sq meters in Suzhou, China. CSI's
first solar cell line, which was installed on February 10,
2007, approximately one month ahead of schedule, has begun
producing solar cells. The Company expects to complete
Line 2 on schedule at the end of June. Lines 3 and 4,
originally planned for completion in December, will be
installed on or ahead of schedule, which would bring the
total cell manufacturing capacity to 100MW. The new cell
facility, which took just seven months from ground breaking
to production, exemplifies CSI's ability to execute its
strategy to become one of the top ten providers of solar
energy solutions in the world.
Revenue by Geography (US $ millions)
Q106 Q406
Q107
Region Revenue % Revenue %
Revenue %
China 73 0.8% 13,355 54.8%
3,308 18.9%
Europe 7,752 88.2% 11,013 45.2%
12,139 69.4%
North America 928 10.6% - 0.0%
225 1.3%
South America - 0.0% - 0.0%
1,817 10.4%
Other 38 0.4% 4 0.0%
- 0.4%
Total Net Revenue 8,791 100.0% 24,372 100.0%
17,489 100.0%
Note: Revenue to China in Q1 07 included $2.8 million
silicon materials
sales and in Q4 06 included $8.3 million silicon
materials sales.
Outlook
Based on current market conditions and our order
backlog and production capacity, the Company expects net
revenues for the second quarter of 2007 to be in the range
of $55 million to $58 million, with cash operating income,
determined on a non-GAAP basis by excluding share based
compensation and other non-cash items, in the range of $1.5
million to $1.6 million. Blended average solar cell cost is
expected to decrease in Q2 compared with Q1, with additional
cost reductions through 2007.
The financial information presented in this press
release is preliminary and remains subject to additional
review and final year-end closing procedures to be
performed by us and the completion of the 2006 audit by our
external auditors, in particular the completion of the new
US GAAP regulation FIN 48 analysis for all open tax years.
We expect our audited financial results for 2006 will be
finalized in late May 2007 and we expect to file our annual
report on 20-F, including audited 2006 financial statements,
with the Securities and Exchange Commission
("SEC") shortly thereafter.
Investor Conference Call / Webcast Details
A conference call has been scheduled for 9:00 p.m. on
Monday, May 14, 2007 (in Jiangsu). This will be 9:00 a.m.
on Monday, May 14, 2007 in New York. During the call, time
will be set-aside for analysts and interested investors to
ask questions of executive officers.
The call may be accessed by dialing 800-322-2803
(domestic) or +1-617-614-4925 (international). The
passcode to access the call is 46828385. A replay of the
call will be available starting one hour after the live
call and continuing until noon on Tuesday, May 22, 2007 (in
Jiangsu) or midnight on Monday, May 21, 2007 (in New York)
at www.csisolar.com and by telephone at 888-286-8010
(domestic) or +1-617-801-6888 (international). The
passcode to access the replay is 89796178.
About Canadian Solar Inc.
Founded in 2001, Canadian Solar Inc. (CSI) is a
vertically integrated manufacturer of solar module and
custom-designed solar application products serving
worldwide customers. CSI is incorporated in Canada but
conducts its manufacturing operations in China. Backed by
years of experience and knowledge in the solar power market
and the silicon industry, CSI has become a major global
provider of solar power products for a wide range of
applications. For more information visit www.csisolar.com.
Contacts:
In Jiangsu, P.R. China In the U.S.
Bing Zhu, Chief Financial Officer David Pasquale
Canadian Solar Inc. The Ruth Group
Phone: +86-512-62696755 Phone:
+1-646-536-7006
ir@csisolar.com
dpasquale@theruthgroup.com
Safe Harbor/Forward-Looking Statements
Certain statements in this press release including
statements regarding expected future financial and industry
growth are forward-looking statements that involve a number
of risks and uncertainties that could cause actual results
to differ materially. These statements are made under the
"Safe Harbor" provisions of the U.S. Private
Securities Litigation Reform Act of 1995. In some cases,
you can identify forward-looking statements by such terms
as "believes," "expects,"
"anticipates," "intends,"
"estimates," the negative of these terms, or
other comparable terminology. Factors that could cause
actual results to differ include general business and
economic conditions and the state of the solar industry;
governmental support for the deployment of solar power;
future shortage or availability of the supply of
high-purity silicon; demand for end-use products by
consumers and inventory levels of such products in the
supply chain; changes in demand from significant customers,
including customers of our silicon materials sales; changes
in demand from major markets such as Germany; changes in
customer order patterns; changes in product mix; capacity
utilization; level of competition; pricing pressure and
declines in average selling price; delays in new product
introduction; continued success in technological
innovations and delivery of products with the features
customers demand; shortage in supply of materials or
capacity requirements; availability of financing; exchange
rate fluctuations; litigation and other risks as described
in the Company's SEC filings, including its registration
statement on Form F-1 originally filed on October 23, 2006,
as amended. Although the Company believes that the
expectations reflected in the forward looking statements
are reasonable, it cannot guarantee future results, level
of activity, performance, or achievements. You should not
place undue reliance on these forward-looking statements.
All information provided in this press release is as of
today's date, unless otherwise stated, and CSI undertakes
no duty to update such information, except as required
under applicable law.
Canadian Solar Inc.
Unaudited Condensed Consolidated Statements of Operations
(In Thousands of U.S. Dollars, except share and per share
data and unless otherwise stated)
Q1 2006 Q4 2006
Q1 2007
Net Revenues:
Net Revenues - product 8,733 24,372
17,489
Net Revenues - others 58 -
-
Total Net revenues 8,791 24,372
17,489
Cost of Revenues:
Cost of Revenues - product 6,261 24,272
17,143
Cost of Revenues - others 58 -
-
Total Cost of Sales 6,319 24,272
17,143
Gross profit 2,472 100
346
Operating expenses
Selling expenses 125 1,233
1,053
General and administrative
expenses 396 3,797
3,086
Research and development
expenses 28 38
186
Total operating expenses 549 4,068
4,325
Income/(Loss) from operations: 1,923
(4,968) (3,979)
Other income (expenses):
Interest expenses (754)
(213) (67)
Interest income 19 271
285
Loss on change in fair value
of derivatives (6,997) -
-
Loss on change in fair value
of instruments related to
convertible notes (1,190) -
-
Others - net 6
(77) -
Income (loss) before taxes (6,993)
(4,987) (3,761)
Income taxes (73)
(169) (93)
Net Income (loss) (7,066)
(5,156) (3,854)
Basic loss per share 0.46 0.21
0.14
Diluted loss per share 0.46 0.21
0.14
Basic weighted averaging
outstanding share 15,427,995 24,120,000
27,270,000
Diluted weighted averaging
outstanding share 15,427,995 24,120,000
27,270,000
Canadian Solar Inc.
Reconciliation of US GAAP Gross Profit, Operating Income
(Loss) and Net Income (Loss) to
Non-US GAAP Gross Profit, Operating Income (Loss) and Net
Income (Loss) (Unaudited)
Use of Non-GAAP Financial Information
To supplement its condensed consolidated financial
statements presented in accordance with GAAP, CSI uses the
following measures as defined as non- GAAP financial
measures by the SEC: adjusted gross profit, adjusted
operating income (loss) and adjusted net income (loss),
each excluding share-based compensation and other one-time
non-cash charges, expenses or gains, which we referred to
as special items. CSI believes that non-GAAP adjusted gross
profit, adjusted operating income (loss) and adjusted net
income (loss) measures indicate the company's baseline
performance before subtracting other charges which the
management considers to be outside of the company's core
operating results. In addition, these non-GAAP measures are
among the primary indicators used by the management as a
basis for its planning and forecasting of future periods.
The presentation of these non-GAAP measures is not intended
to be considered in isolation or as a substitute for the
financial information prepared and presented in accordance
with GAAP.
Q1 2006
Q1 2007
Gross Operating Net Gross
Operating Net
Profit Income Income Profit
Income Income
(Loss) (Loss)
(Loss) (Loss)
US GAAP Profit/
(Loss) 2,472 1,923 (7,066) 346
(3,979) (3,854)
Convertible
Note charge 8,590
Share-based
compensation
charge 69
2,224 2,224
Total special items 8,590 69
2,224 2,224
Non-US GAAP Profit/
(Loss) 2,472 1,923 1,524 415
(1,755) 1,630
Adjusted Gross Margin 28.12%
2.37%
Adjusted Operating
Expense - % of
Revenue 6.25%
12.01%
Adjusted Operating
Margin 21.87%
(10.03%)
Non-US GAAP adjusted condensed consolidated statements
of operations are
intended to present the Company's operating results,
excluding special
items.
Canadian Solar Inc.
Unaudited Condensed Consolidated Balance Sheets
(In Thousands of U.S. Dollars)
December 31 March 31
2006
2007
ASSETS
Current Assets:
Cash and cash equivalents
40,911 26,212
Restricted cash
825 -
Accounts receivable, net
17,344 20,044
Inventories
39,700 48,588
Value added tax recoverable
2,281 3,501
Advances to suppliers
13,484 11,906
Prepaid and other current assets
2,399 1,007
Total current assets
116,944 111,258
Property, plant and equipment, net
7,910 14,099
Intangible assets
39 53
Prepaid lease payments
1,103 1,108
Deferred tax assets - non current
3,674 3,199
TOTAL ASSETS
129,670 129,717
LIABILITIES AND STOCKHOLDER'S EQUITY
Current liabilities:
Short term borrowings
3,311 10,344
Accounts payable
6,874 3,403
Other payables
993 1,641
Advances from suppliers and customers
3,225 704
Amounts due to related parties
149 174
Other current liabilities
1,191 847
Income tax payable
86 156
Total current liabilities
15,829 17,269
Accrued warranty costs
875 1,026
TOTAL LIABILITIES
16,704 18,295
Stockholders' equity
Common shares
97,402 97,402
Additional paid in capital
17,348 19,572
Accumulated deficit
(2,834) (7,300)
Accumulated other comprehensive income
1,050 1,748
Total stockholders' equity
112,966 111,422
LIABILITIES AND STOCKHOLDER'S EQUITY
129,670 129,717
For more information, please contact:
In Jiangsu, P.R. China, Bing Zhu
Chief Financial Officer
Canadian Solar Inc.
Tel: +86-512-62696755
Email: ir@csisolar.com
in the U.S.
David Pasquale
The Ruth Group
Tel: +1-646-536-7006
Email: dpasquale@theruthgroup.com
2007'05.16.Wed
Stage 3 Media Announces Worldwide Sanctuary Premiere
May 14, 2007
New Web-based Science Fiction Series Stars Amanda Tapping;
Represents Next Evolution in High-quality Online
Entertainment
VANCOUVER, British Columbia, May 14 /Xinhua-PRNewswire/
-- Stage 3 Media Inc., an independent production company
specializing in new media entertainment, today announced
the worldwide premiere of Sanctuary(TM), an innovative new
webisodic series led by internationally-recognized actor
Amanda Tapping (Stargate: SG-1, Stargate Atlantis).
Featuring stunning visual effects and innovative
interactive elements, Sanctuary takes the viewer into a
thrilling world where science meets the supernatural. The
first of Sanctuary's eight 15-minute webisodes can be
viewed exclusively online at http://www.sanctuaryforall.com
.
"I feel like we're riding the crest of an amazing
wave," says Tapping, who also serves as executive
producer. "Sanctuary is such an exceptionally cool
premise. I am so very proud of this show and hope the fans
will feel the same buzz we've felt in bringing it to
life."
Sanctuary utilizes advanced visual effects technology
and 3D virtual green screen sets to create an unparalleled
look in series-based science fiction. Designed to be the
centerpiece of a growing online science fiction community,
Sanctuary offers viewers an evolving relationship between
the show's creators and fandom, as well as an
ever-expanding online experience.
"This is the next evolution of series-based
entertainment," says Damian Kindler, the show's
writer/creator and executive producer. "Sanctuary is
the first series developed exclusively for an online
audience that offers both standard and high-definition
resolutions, plus direct communication between the fans and
the Sanctuary creative team."
About Sanctuary
Each webisode of Sanctuary follows the exploits of Dr.
Helen Magnus (Amanda Tapping, Stargate SG-1, Stargate
Atlantis) as she seeks out all manner of terrifying and
monstrous creatures. She is aided in her quest by her
reluctant protege Will Zimmerman (Robin Dunne, Dawson's
Creek, The Big Hit, Species 3) and her intrepid, if
somewhat reckless, daughter Ashley (Emilie Ullerup,
Battlestar Galactica). Together they are drawn into a
frightening and mysterious world populated by beings that
defy explanation. Sanctuary was created by veteran science
fiction writer and producer Damian Kindler and directed by
Martin Wood (Stargate SG-1, Stargate Atlantis). Kindler,
Tapping and Wood serve as executive producers along with N.
John Smith (Stargate SG-1, Stargate Atlantis).
Pricing and Availability
Sanctuary's initial release consists of eight 15-minute
webisodes. Webisodes are competitively priced and may be
purchased individually or bundled for even better value. A
new webisode will be released approximately every two
weeks. Viewers will watch Sanctuary via download or using a
proprietary interactive media player developed exclusively
for the online series. Sanctuary will be available in both
standard and high-definition formats. For more information,
please visit http://www.sanctuaryforall.com .
About Stage 3 Media Inc.
Stage 3 MediaTM is a new media company based in
Vancouver, British Columbia. Founded in 2006, the Stage 3
Media management team boasts more than 70 years collective
experience in television and film production, video game
design and information technology. For more information on
Stage 3 Media please visit http://www.stage3media.com .
Stage 3 Media Inc. Sanctuary and Stage 3 Media are
trademarks of Stage 3 Media Inc. All other products or
brand names mentioned are trademarks or registered
trademarks of their respective holders.
For more information, please contact:
Press contact:
Scotti McGowan,
Liaison Public Relations
Tel: +1-604-929-8498
Email: scotti@liaisonpr.com
Tracy Brawley / Jennifer Foss
Liaison Public Relations
Tel: +1-503-796-9822
Email: tracy@liaisonpr.com / jennifer@liaisonpr.com
Reader contact:
Stage 3 Media Inc.
Tel: +1-604-692-0974
Email: info@stage3media.com
NOTE TO EDITORS: Members of the media may view
Sanctuary webisode 1 by visiting a private, press-only
screening room located at:
http://www.sanctuaryforall.com/press/pressroom.html .
2007'05.16.Wed
DaimlerChrysler Definitive Agreement to Sell Chrysler Group (including Chrysler Financial Corporation) to Cerberus Capital Management, L.P.
May 14, 2007
AUBURN HILLS, Mich., May 14 /Xinhua-PRNewswire/ --
Attribute: "Attribute: Tom LaSorda, President and
CEO, Chrysler Corporation LLC
"We are confident that this transaction will
create a standalone Chrysler that is financially stronger,
with a winning combination of people, industry know-how,
operational expertise and spirit of innovation that will
accelerate the company's recovery, and help us regain our
position as a competitive industry leader.
Cerberus is the right strategic buyer for Chrysler,
with a long-term commitment to Chrysler's growth and
success. They are committed to working constructively with
both union leadership and Chrysler's management team to
help Chrysler realize its full potential. There are no new
job cuts planned in connection with this transaction
announced today.
As a private company, Chrysler will be better
positioned to focus on its long-term plan for recovery,
rather than just short-term results. It will allow Chrysler
to renew its focus on what has always made us special - our
passion, creativity and commitment to delivering exciting
Chrysler, Jeep and Dodge vehicles and quality Mopar parts
to our customers, along with unparalleled customer service.
With strong backing from Cerberus and a continued
relationship with Daimler, Chrysler must demonstrate once
and for all that we can win in this global marketplace. It
is ours to win. And Chrysler has it in its DNA to do just
that."
For more information, please contact:
Mike Aberlich
Tel: +1-248-512-2704
Cell: +1-248-635-7072
Email: mfa@dcx.com
Jason Vines
Tel: +1-248-512-3164
Cell: +1-248-752-3309
Email: jhv2@dcx.com
Shawn Morgan
Tel: +1-248-512-2692
Cell: +1-248-760-2621
Email: sm718@dcx.com
2007'05.16.Wed
Starwood Hotels & Resorts Continues Expansion Momentum In India With Signing Of Eleven New Contracts
Starwood Hotels & Resorts Continues Expansion Momentum In India With Signing Of Eleven New Contracts
May 14, 2007
The Luxury Collection Makes a Grand Entrance into India
with Seven New Properties
WHITE PLAINS, N.Y. and SINGAPORE, May 14
/Xinhua-PRNewswire/ -- Starwood Hotels & Resorts
Worldwide, Inc. (NYSE: HOT) today announces eleven new
franchise agreements with ITC Limited. Illustrating
Starwood's strategy to aggressively grow its footprint in
India ¨C the fastest growing Asia Pacific market for
international spending ¨C the franchise agreements also
represent the introduction of The Luxury Collection brand
and the expansion of the Sheraton brand into the country.
As a result of Starwood's expansion into India, travelers
will soon have access to 23 hotels in the country under the
Sheraton, Westin, The Luxury Collection and Le M¨¦ridien
brand umbrellas.
"We are thrilled to introduce The Luxury
Collection brand to India and to expand the footprint of
the Sheraton brand, perfectly complementing our existing
portfolio of properties," commented Miguel Ko,
President of Starwood Hotels & Resorts, Asia Pacific.
"We are eager to embrace the tremendous growth
opportunities in both the gateway and secondary cities of
India."
As part of the agreement and following significant
renovations in recent months, seven existing Sheraton
hotels in India will be re-flagged under Starwood's The
Luxury Collection brand. Additionally, franchise
agreements for three existing Sheraton hotels have been
extended and an existing Welcomhotel in Delhi will be
re-branded as a Sheraton. The seven Luxury Collection
hotels are located in Bangalore, New Delhi, Agra,
Hyderabad, Mumbai and Kolkata and the four Sheraton
properties are located in Chennai, Jaipur and New Delhi.
The Luxury Collection ITC Mughal - Agra
The Luxury Collection ITC Mughal Agra hotel is situated
near the center of the city of Agra on 35 acres of
beautifully landscaped lawns and gardens and in close
proximity to the Taj Mahal. Among its accolades, the hotel
has received the Aga Khan Award for excellence in Mughal
Architecture and has been awarded the British Safety
Council's Sword of Honour Award for its commitment of
safety. The hotel offers 285 guestrooms, over 6,000 square
feet of meeting facilities and a Taj Mahal viewing
observatory.
The Luxury Collection ITC Windsor Manor - Bangalore
The garden city of Bangalore, with its pleasant
year-round climate and cosmopolitan atmosphere, provides
the graceful setting for The Luxury Collection ITC Windsor
Manor. The hotel's architecture dates back to the British
Regency period, with 240 guest rooms and suites designed to
re-create the elegance and fine living of the era. The hotel
is located three miles from the center of the city and seven
miles from the airport. With a fully equipped business
center and seven meeting rooms, the hotel is ideal for
business and leisure travelers alike.
The Luxury Collection ITC Kakatiya - Hyderabad
Commemorating the legendary spirit of the Kakatiya
dynasty, The Luxury Collection ITC Hotel Kakatiya envelopes
each guest in Kakatiya art and sculpture. Overlooking the
picturesque Hussain Sagar Lake, The Luxury Collection ITC
Hotel Kakatiya offers 188 elegantly furnished rooms and
suites, along with state-of-the art business and conference
facilities. The hotel is ideally located in the new
commercial heart of Hyberabad and is just six minutes from
the airport.
The Luxury Collection ITC Sonar Bangla - Kolkata
The Luxury Collection ITC Sonar Bangla is located in
Kolkata - commonly referred to as the intellectual capital
of the country. Surrounded by 16 acres of lush greenery and
water, the hotel boasts a relaxed, yet luxurious ambience
with 238 guestrooms, eight meeting rooms and the finest
leisure facilities, including a spa, tennis courts, and a
chip-and-putt golf course. The hotel's Executive Club
Rooms are also the largest in the city in their category.
The Luxury Collection ITC Grand Central-Mumbai
The vibrant center of Mumbai is now home to The Luxury
Collection ITC Grand Central, Mumbai. India's tallest
hotel, at 30 stories, the hotel reflects the colorful
patchwork of cultures that the city is known for ¨C its
colonial past, modern present, old English charm, warm
Indian hospitality, as well as modern facilities for
business and leisure travelers. The hotel offers the
finest business and leisure facilities, 242 guest rooms and
suites and 6 conference suites.
The Luxury Collection ITC Grand Maratha-Mumbai
Located a mere 10 minutes from the Mumbai International
Airport, The Luxury Collection ITC Grand Maratha celebrates
the spirit of Mumbai, the economic powerhouse and the
entertainment capital of India. Designed in a classical
style, the hotel reflects Mumbai's Victorian past and the
blending of its local cultures. This prestigious property
offers 386 elegantly appointed guestrooms that include
Deluxe, Luxury and Presidential Suites, as well as
extensive meeting facilities. The hotel is also close in
proximity to the business districts of North and Central
Mumbai and is within commuting distance from South Mumbai.
The Luxury Collection ITC Maurya - New Delhi
Located in New Delhi's exclusive diplomatic enclave,
the Luxury Collection ITC Maurya is only a 20-minute drive
from the airport and city center. The hotel offers 440
rooms, in a range of categories, including uniquely
designed suites, exclusive ITC One rooms, Luxury rooms,
Tower rooms and Executive Club rooms. The hotel also
offers a Ladies Only Eva Floor exclusively for female
travelers. The hotel features a banquet hall, as well as
seven boardrooms for meetings and the award-winning Bukhara
North India restaurant.
Sheraton Chola Hotel, Chennai
Ideally situated in the bustling commercial capital of
Chennai, the Chola Sheraton is located in the city where
the British chapter of Indian history began. The hotel is
just seven miles from the airport, three miles from the
railroad station, and one mile from downtown Madras. The
hotel welcomes guests with 92 oversized guest rooms and
suites, concierge services, as well as five meeting rooms.
Sheraton Park Hotel & Towers, Chennai
Just seven miles from the airport, Sheraton Park Hotel
& Towers is situated in the heart of one of India's
most thriving and exciting cities, Chennai. The hotel
offers 283 well-appointed guest rooms and suites, eight
meeting rooms, an outdoor swimming pool as well as six
restaurants and bars for guests.
Sheraton Rajputana Palace Hotel, Jaipur
Strategically located near Jaipur's city center and the
international airport, Sheraton Rajputana Palace Hotel,
Jaipur features 216 guestrooms, six meeting rooms and four
restaurants and lounges.
Sheraton New Delhi Hotel, New Delhi
Located in the serene residential area of Saket,
Sheraton New Delhi Hotel is just 5 minutes away from the
nearest Golf Course and the trendy PVR Anupam Cinema
Complex & Entertainment center, 15 minutes from
Historic Qutab Minar, and 35 minutes from the Indira Gandhi
International Airport. The hotel offers 220 guestrooms,
including 67 Executive Club rooms and six conference
suites
About The Luxury Collection
The Luxury Collection is famed for its collection of
over fifty-five magical hotels, including the Hotel Danieli
in Venice, the Hotel Grande Bretagne in Athens, the Hotel
Imperial in Vienna and The Phoenician in Scottsdale, USA.
As the third largest luxury hotel chain in the world, The
Luxury Collection ( http://www.luxurycollection.com ) is
dedicated to providing our global guest with an exceptional
level of service that is crafted to meet their personal
needs and expectations, nothing less will do. Our local
ambassadors will ensure that each stay is an enriching
experience of the senses, with a flare for exploration and
adventure. This is what it means to be part of The Luxury
Collection Brand.
About Sheraton Hotels
Sheraton, the largest brand of Starwood Hotels &
Resorts Worldwide, Inc. (NYSE: HOT) has more than 394
hotels in 65 countries. Starwood Hotels & Resorts 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. 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 contact:
Hwee Peng Yeo
Director of Corporate Communications Manager, Asia
Pacific
Starwood Hotels & Resorts Worldwide Inc.
Tel: +65-6335-4837
Email: hweepeng.yeo@starwoodhotels.com
2007'05.16.Wed
FORTUNE Magazine, China Edition, Names SmartPay One of China's 'Cool Companies for 2007'
May 14, 2007
SHANGHAI, May 14 /Xinhua-PRNewswire/ -- SmartPay Jieyin
Ltd. ("SmartPay") has been named as one of China's
"Cool Companies for 2007" in the April 2007
Edition of Fortune Magazine, China Edition. The magazine
profiled 14 emerging leaders in new media,
telecommunications and electronic commerce services.
SmartPay was featured as the emerging mobile payments
leader.
SmartPay has succeeded in exploring various payment
services with its creative, value added wireless and fixed
line payment solution. Services launched involve airline
ticketing, lottery, utility bills, mobile phone top-up and
digital cards retailing. Now SmartPay has centralized the
various payment services in one convenient portal,
http://www.172.com , which is more available for SmartPay
users, merchants, banks and agents in China. In addition,
SmartPay has built the most extensive network of banks and
telecom operators to enhance its new electronic payment
platform.
Greg Shen, CEO of SmartPay commented, "Mobile
payment is in the primary stage in China, but it is
foreseeable that mobile payment solutions will be used far
more extensive than people imagine today, providing a huge
market for growth. SmartPay's continuously works to
redefine traditional payment solutions for merchants and
their customers.
About SmartPay
SmartPay provides remote payment services in China
under the brand name "Jieyin". Chinese consumers
and intermediaries utilize SmartPay Jieyin for the payment
of mobile, utility, travel-related and other payments.
SmartPay continues to launch additional payment services
under the "Jieyin" brand name. Investors in
SmartPay include RRE Ventures ( http://ww.rre.com ) ,
Evolution Capital, Lunar Group Capital, Accel Partners and
others.
For more information please contact:
Carol Xiao, Public Relations
SmartPay Jieyin Ltd.
East Ocean Plaza II, 9th Floor
618 Yan'an East Road
Shanghai 200001 China
Tel: +86-21-5385-5299
Fax: +86-21-5385-2689
Email: carol.xiao@smartpay.com.cn
Web: http://www.smartpay.com.cn
http://www.172.com
2007'05.16.Wed
GN Unveils Fully-Compatible USB Headset for Microsoft(R) Office Communicator 2007
May 14, 2007
Jabra GN2000 USB Delivers High-Quality Wideband Audio
and Full Plug-And-Play Capabilities
COPENHAGEN, Denmark, May 14 /Xinhua-PRNewswire/ -- GN,
the world leader in innovative headset solutions, today
unveiled its Jabra GN2000 USB headset and announced its
full compatibility with Microsoft(R) Office Communicator
2007. The first of a range of products from GN that will
work seamlessly with Office Communicator 2007, the Jabra
GN2000 USB headset delivers market-leading audio quality as
well as exceptional ease of use through its plug-and-play
capability.
(Logo:
http://www.newscom.com/cgi-bin/prnh/20070514/254521-a
Photo:
http://www.newscom.com/cgi-bin/prnh/20070514/254521-b )
A key feature of the Jabra GN2000 USB is it offers true
wideband audio. With a full frequency response up to
6,800Hz, it delivers superior VoIP audio quality which
means clearer conversations and enhanced productivity. The
headset is also very simple to install as users simply
connect it to their PC via the USB port and it is ready to
take advantage of the many features in Office Communicator
2007.
"We are delighted to be on the path of
qualification," said Jan McNair, VP GN. "Jabra
headsets are designed to deliver superb call clarity,
hands-free mobility and enhanced comfort. Those features
are core to the Jabra GN2000 and we believe that in
combination with Office Communicator 2007, office workers
everywhere will be better able to communicate with their
colleagues and customers, making them even more productive
than they are today."
"GN is playing an important role in the
development of headsets qualified for use with Office
Communicator 2007," said Chris Cullin, Director of
Technical Product Management for the Unified Communications
Group at Microsoft Corp. "Through cooperative efforts
and the integration of the GN2000 USB with Office
Communicator 2007, GN is adding significant value to
PC-based enterprise communications and enabling companies
to better and more efficiently connect people, information,
and business processes."
The Jabra GN2000 USB is based on GN's award-winning
GN2000 headset which has been used by offices and contact
centers the world over since late 2005. It offers
outstanding comfort for the user through extra-thick
pivoting foam ear cushions which automatically adjust to
the shape and angle of an individual's ears. The large ear
cushions provide excellent acoustical coupling delivering a
richer incoming signal. Other easy-to-use features include
in-line controls for answering and hanging up calls as well
as adjusting the volume.
The headset is fully compliant with TIA-920
specifications for wideband digital sound. It also features
PeakStop(TM) technology, which cuts out sudden loud noises
above 118dB SPL helping protect the user and their hearing
and meets all recent Noise at Work legislative
requirements.
GN is a registered member of the Microsoft Partner
Program and is making the Jabra GN2000 USB headset
available from May to support the Microsoft(R) Office
Communications Server 2007 Public Beta. The Microsoft(R)
Office Communications Server 2007 Public Beta can be
downloaded and the Jabra headset can be ordered at:
http://www.microsoft.com/uc/default.mspx.
Please note: product availability and pricing varies
from market to market. Please check locally for details.
About GN
Through its Jabra brand, GN is a world leader in
innovative headset solutions. With 1,800 employees and
sales offices around the world, GN develops, manufactures
and markets a broad range of wireless headsets for mobile
users and both wireless and corded headsets for contact
centre and office-based users. GN's business activities
also include its original equipment manufacturing (OEM)
business. GN has been helping people communicate since 1869
and is a listed company on the Copenhagen Stock Exchange.
For further company information, please visit
www.jabra.com/UBSheadsets
All rights reserved. Jabra(R) is a registered trademark
of GN A/S. All other trademarks included herein are the
property of their respective owners. (Design and
specifications subject to change without notice)
For more information, please contact:
Cecilia Lindgren
Director of PR & Events
Tel: +45-30-38-31-52
2007'05.16.Wed
Mylan Laboratories to Acquire Generics Business of Merck KGaA
May 14, 2007
-- Combination Creates a World Class Global Generics Leader
-- Significant Scale and Breadth Will Drive Major Operating
Efficiencies
-- Highly Complementary Transaction Further Strengthens
Mylan's Product Portfolio
-- Accelerates Mylan's Revenue and Earnings Growth
-- Anticipated to be Cash EPS(1) Neutral in 2nd Full Year
PITTSBURGH, May 14 /Xinhua-PRNewswire/ -- Mylan
Laboratories Inc. (NYSE: MYL) and Merck KGaA today
announced the signing of a definitive agreement under which
Mylan will acquire Merck's generics business ("Merck
Generics") for EUR 4.9 billion (US$6.7 billion) in an
all-cash transaction. The combination of Mylan and Merck
Generics will create a vertically and horizontally
integrated generics and specialty pharmaceuticals leader
with a diversified revenue base and a global footprint. On
a pro forma basis, for calendar 2006, the combined company
would have had revenues of approximately US$4.2 billion,
EBITDA of approximately US$1.0 billion and approximately
10,000 employees, immediately making it among the top tier
of global generic companies, with a significant presence in
all of the top five global generics markets.
In addition to retaining Hank Klakurka, currently
President and CEO of Merck Generics, Mylan has executed
long-term employment agreements with members of Merck
Generics' senior management team, ensuring that senior
leadership remains intact. Mylan views the existing
management and employees of Merck Generics as key to the
success of the combined company.
Robert J. Coury, Mylan's Vice Chairman and Chief
Executive Officer, commented: "Mylan's acquisition of
Merck Generics would substantially complete the execution
on one of its long-term visions: to create a world class
global quality generics leader. The fit between our two
companies is truly outstanding. Mylan is already a leader
in the U.S., the world's largest market, and through Matrix
Laboratories controls one of the broadest API platforms in
the world. Merck Generics provides us with leading
positions in many of the world's other key regions.
Together, we will form a powerful, diverse, robust and
vertically integrated generics platform.
(1) Cash EPS represents EPS adjusted for amortization
expense related to
intangible assets.
The combination with Merck Generics will significantly
extend our range of therapeutic categories and dosage
forms, and bring us a number of new, differentiated
products and successful franchises."
Merck Generics is a subsidiary of Merck KGaA, a more
than 300-year old global chemical and pharmaceutical
conglomerate. Merck Generics has sales in more than 90
countries and is the world's number three ranked generics
business by 2006 calendar year revenues. It has more than
400 high quality products and 70% of its revenues are
generated from countries where it is a top three player.
Merck Generics' U.S. specialty pharmaceuticals business,
Dey, is focused on respiratory and allergy products and had
US$650 million in revenues in 2006. Merck Generics reported
sales of EUR 1.8 billion (US$2.45 billion) and EBITDA of EUR
335 million (US$450 million) in 2006. The business employs
approximately 5,000 people worldwide.
Hank Klakurka, President and CEO of Merck Generics,
said: "My management team and I are extremely excited
to be joining the Mylan team. We believe Mylan is the best
possible acquirer for our company. The two businesses are an
excellent fit in terms of geography and product mix, and
together we can offer extremely attractive product baskets
across our combined territories. Mylan has established
itself as a leader in the U.S. in terms of quality,
manufacturing excellence and customer service, and has
demonstrated a strong commitment to its employees and the
communities in which it operates. My team and I look
forward to working with Mylan to build an undisputed world
leader in quality generics."
Strategic Rationale
The acquisition offers a unique, compelling opportunity
to create a global generics leader with critical mass in
most of the important generics markets. The transaction
positions Mylan to leverage substantial growth
opportunities and maximize operating efficiencies driven by
global scale.
-- Leadership and scale in key global regions: The
transaction creates
critical mass by combining Mylan's leading position
in the U.S. with
Merck Generics' broad geographic mix, including
leading positions in
Australia, France, Japan, Portugal, Spain and the
U.K. This global
footprint creates substantial growth opportunities,
and reduces the
risks associated with over-reliance on any one
region.
-- Broad and diversified product portfolio: The new
company will be well
diversified across most therapeutic areas with
approximately 560
products.
-- Differentiated dosage form expertise: The combined
company will have
manufacturing capabilities in several specialized
dosage forms
including solid orals, patches, controlled-release
and high potency
formulations, antibiotics, sterile liquids,
inhalants and creams. Many
of these dosage forms benefit from barriers to
competition and longer
product growth cycles. Additionally, Merck Generics
has a highly
successful product sourcing and in-licensing
strategy that has allowed
the company to develop critical mass in key
differentiated dosages in
attractive markets.
-- Vertical integration and API supply: Together,
Mylan and Merck
Generics will benefit from significant savings
driven by Matrix's low
cost, high quality API capacity and the benefits of
manufacturing high
product volumes for multiple markets around the
world. In 2007, Mylan
completed its acquisition of a 71.5% stake in
India-based Matrix, the
second largest API manufacturer globally, with more
than 165 APIs in
the marketplace or under development.
Transaction Details
Under terms of the transaction, which have been
unanimously approved by Mylan's Board of Directors, Mylan
will acquire 100% of the shares of the various businesses
comprising Merck Generics for a cash consideration of EUR
4.9 billion (US$6.7 billion). Mylan has secured fully
committed debt financing from Merrill Lynch, Citigroup and
Goldman Sachs.
The transaction is anticipated to be dilutive to
full-year cash EPS(1) in year one, breakeven in year two,
and significantly accretive thereafter based on
management's internal projections. The company is committed
to reducing its leverage in the near term through the
issuance of US$1.5 billion to US$2.0 billion of equity and
equity-linked securities. The combined company will
generate substantial free cash flow that will further
enable it to rapidly reduce acquisition-related debt.
Reflecting its more leveraged capital structure and focus
on growth, Mylan is suspending the dividend on its common
stock.
Mylan expects to achieve synergies of approximately
US$250 million by the end of year three. The majority of
these synergies will result from vertical integration of
Merck's API supply by leveraging the Matrix platform,
aligning capabilities in research and development, and
driving further efficiencies in increased manufacturing
volumes of key products across the globe.
Mylan does not anticipate significant reductions in
headcount at Mylan, Matrix or Merck Generics in order to
achieve these synergies.
The combined company will have a dramatically
accelerated growth profile with long-term compounded net
income growth expected to exceed 30% per annum and
long-term revenue growth in excess of 10%. This growth will
be driven by new opportunities created by the formation of a
truly global platform, through promising growth at Merck
Generics, and by expected de-leveraging of the balance
sheet.
The transaction remains subject to regulatory review in
relevant jurisdictions and certain other customary closing
conditions, and is expected to close in the second half of
2007.
Mr. Coury concluded: "We have been very impressed
by the successful business built by the management team and
employees at Merck Generics and by their dedication to
excellence across all areas of their operations. We look
forward to working together to create greater opportunities
for all employees of Mylan and Merck Generics, as well as to
uniting two cultures built on excellence in regulatory,
R&D, manufacturing and customer service in one of the
world's largest global generic pharmaceutical
companies."
Merrill Lynch acted as exclusive financial advisor and
provided a fairness opinion to Mylan in this transaction.
The external legal counsel for Mylan was Cravath, Swaine
& Moore LLP.
Conference Call and Webcast Information
Mylan will host a conference call and webcast for
investors and analysts on Monday, May 14, 2007 at 8:00 a.m.
EDT / 2:00 p.m. CET to discuss the transaction. To
participate in the conference call, please +1-800-657-1263
(U.S.) or +1-973-633-8200 (international) fifteen minutes
before start time. The pass code for the live call is
8805204. A telephonic replay of the call will be available
by dialing +1-877-519-4471 (U.S.) or +1-973-341-3080
(international). The replay participant code is 8805204.
Live audio of the conference call and slide
presentation will be simultaneously broadcast over the
Internet. The webcast of the conference can be found on
Mylan's Web site, http://www.mylan.com. The webcast will
be archived and available for replay after the event.
About Mylan
Mylan Laboratories Inc. is a leading pharmaceutical
company with three principle subsidiaries, Mylan
Pharmaceuticals Inc., Mylan Technologies Inc. and UDL
Laboratories Inc., and a controlling interest in Matrix
Laboratories Limited, India. Mylan develops, licenses,
manufactures, markets and distributes an extensive line of
generic and proprietary products. For more information
about Mylan, visit http://www.mylan.com.
About Merck Generics
Merck Generics offers affordable standard therapies in
nearly all major therapeutic areas through high-quality
drugs containing active ingredients that are no longer
patent protected. The range of products includes a wide
assortment of more than 400 different substances plus
special dosage forms and delivery systems with high patient
benefit.
Forward Looking Statements
This press release contains statements that constitute
"forward-looking statements", including with
regard to the expected future business and financial
performance of Mylan Laboratories Inc. ("Mylan"
or the "Company") resulting from and following
the planned acquisition of the generics business of Merck
KGaA, such as the generation of cash flows; anticipated
synergies and efficiencies; anticipated cost savings; the
Company's ability to reduce debt; and expectations for
long-term growth. These statements are made pursuant to
the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Because such statements
inherently involve risks and uncertainties, actual future
results may differ materially from those expressed or
implied by such forward-looking statements. Factors that
could cause or contribute to such differences include, but
are not limited to: factors relating to satisfaction of the
conditions to the acquisition, including regulatory
approvals; challenges and costs relating to integration of
the two businesses; the effect of any changes in customer
and supplier relationships and customer purchasing
patterns; the impact and effects of legal or regulatory
proceedings, actions or changes; general market perception
of the transaction; the effects of vigorous competition on
commercial acceptance of the companies' products and their
pricing; the potential costs and product introduction
delays that may result from use of legal, regulatory and
legislative strategies by Mylan's competitors;
uncertainties regarding patent, intellectual and other
proprietary property protections; exposure to lawsuits and
contingencies associated with both companies' businesses;
the ability to attract and retain key personnel; prevailing
market conditions; changes in economic and financial
conditions of the Company's business; uncertainties and
matters beyond the control of management; and the other
risks detailed in the periodic filings filed by the Company
with the Securities and Exchange Commission. The Company
undertakes no obligation to update these statements for
revisions or changes after the date of this release.
For more information, please contact:
Patrick Fitzgerald
Mylan Laboratories
Tel: +1-724-514-1811
Email: Patrick.Fitzgerald@mylanlabs.com
Nina Devlin
Cindy Leggett-Flynn
Brunswick Group
Tel: +1-212-333-3810
Email: mylan@brunswickgroup.com
Alexa von Wietzlow
Brunswick Group
Tel: +44-207-404-5959
Email: avonwietzlow@brunswickgroup.com
2007'05.16.Wed
Miyowa Opens Office in Taiwan and Appoints New Asia VP Sales
May 14, 2007
PARIS and TAIPEI, Taiwan, May 14 /Xinhua-PRNewswire/ --
As a result of Miyowa's initial success in Asia, the company
is today opening its regional office in Taipei, to assist
the growing number of customers that are deploying its
flagship product MoveMessenger(TM). With a strong uptake of
end users and new customers, Miyowa will open up additional
offices regionally to support its customers and strategic
partners to drive growth, maximise uptake of the service
and increase ARPU.
Effective immediately, this new office will be managed
by Miyowa's latest management addition, Mr. Raymond Chen,
who is joining as VP of Sales of Asia and greater China.
Mr. Chen is a seasoned veteran of the Telecommunication and
IT industry.
Patric Olenczak, EVP of Global Sales states: "We
are very pleased to have Mr. Chen join Miyowa. He will
develop the relationships and co-ordinate the activities in
Asia to contribute to the success of our customers and
partners over the long term."
About Miyowa
Miyowa is the European leader in mobile Instant
messaging and entertainment for communities. Miyowa
provides mobile operators and portals with a white-labeled,
scalable range of Instant messaging related content and
services. Since 2003, the company has developed a thorough
expertise in federating mobile operators' and portals'
communities.
Miyowa created the first handset independent universal
end-to-end client messaging technology, compliant with all
major existing standards: MoveMessenger(TM).
With the official support of the major Instant
messaging brands, Miyowa allows operators' customers to
access their preferred messenger and multimedia content.
http://www.miyowa.com
For more information, please contact:
Press
Andrew Durkin
MUSTARD PR
Tel: +44-0-1628-502601
Email: andrew@mustardpr.com
Corporate
Yann Mondon
Tel: +33-630-512-294
Email: yann@miyowa.com
2007'05.16.Wed
Crytek Announces a New Original IP to be Developed in its New Crytek Studio in Kiev Built on CryENGINE 2
May 14, 2007
FRANKFURT, Germany and KIEV, Ukraine, May 14
/Xinhua-PRNewswire/ -- Crytek GmbH, the leading independent
German game developer behind the critically acclaimed game
Far Cry and the highly anticipated game Crysis, today
announced the elevation of their satellite offices in Kiev
to full development studio status as the next strategic
step in the growth of the company, and the launch of a new
project based on new original IP.
"Our Kiev studio has been recruiting and growing
for the past year and a half. The highly talented team
there has undergone an intensive training period, and in
that time they have made an invaluable contribution to our
production in Frankfurt" said Faruk Yerli, Managing
Director of Crytek. "Now that our CryENGINE 2
middleware has reached the point of maturity where it can
be used to support both different types and styles of
games, and run on multiple platforms, we thought it was the
optimum time to begin work on a new project based on our own
new and original intellectual property, and elevate the Kiev
operation to full studio status."
About Crytek GmbH
Crytek GmbH ("Crytek") Voted "Best
Independent European Studio 2004" and "Best
Independent New Studio 2004 Worldwide", creator of the
multiple award winning true next-generation first person
shooter Far Cry, and the upcoming blockbuster hit Crysis,
is an interactive entertainment development company with
its headquarters located in Frankfurt/Main, Germany. Crytek
is dedicated to creating exceptionally high quality video
games for the PC and next-generation consoles, powered by
their proprietary cutting edge 3D-Game-Technology CryENGINE
2(R). For more information about Crytek, please visit
http://www.crytek.com . For commercial engine licensing
enquiries, please email cryengine@crytek.com.
Press Contact:
Harald Seeley
Engine Business Manager
+49-0-69-219-7766-69
2007'05.16.Wed
First Embraer 190 Jet Is Delivered to Mandarin Airlines
May 14, 2007
Taiwanese airline begins deploying E-Jets on its Asia
routes
SAO JOSE DOS CAMPOS, Brazil, May 14 /Xinhua-PRNewswire/
-- Embraer delivered its first EMBRAER 190 jet to
Taipei-based Mandarin Airlines. The company has acquired
eight E-Jets as the core aircraft of its fleet, especially
for domestic and short-haul intra-regional markets.
The setting of the delivery ceremony, inspired by
Mandarin's golden eagle and Embraer's stylized
bird-in-flight, had an especially-prepared exclusive
soundtrack. A unique touch involved presenting the Chairman
of Mandarin Airlines, Michael Lo, with a painting of its new
airplane, which was done, live, in the presence of
authorities, guests, and the press.
Mandarin's E-Jets will be operated under leases with GE
Commercial Aviation Services (GECAS) and will come from the
existing GECAS backlog. The total order includes deliveries
of another seven jets, EMBRAER 190 or EMBRAER 195.
The EMBRAER 190 delivered today has a single-class
configuration consisting of 104 seats with a 31-inch pitch
(79 cm). In addition to replacing its older fleet of jets,
the carrier will use the new-generation E-Jets to develop
markets throughout Asia.
"It is an honor and a pleasure to deliver this
aircraft to Mandarin, one of Asia's most prestigious and
established airlines," said Mauro Kern, Embraer's
Executive Vice-President, Airline Market. "We have
recently finalized the implementation of our customer
support services in the region, further confirming our
vision for the E-Jets family and our commitment to
Asia-Pacific."
"We are proud to be the first carrier to use this
technically advanced aircraft in our region. With its
high-tech design and customer-comfort cabin configuration,
it will surely enhance flight safety levels and customer
satisfaction, and lead to outstanding performance and
successful operations," said Michael Lo, Chairman of
Mandarin Airlines.
Along with its increasing Asia-Pacific sales, Embraer
is significantly expanding its local product support
network by establishing a spare parts logistics center and
a full flight simulator in the region. Plans include new
trade agreements and the involvement of industry service
providers, which will allow the Company to offer
outstanding training and replacement parts for the growing
number of customers.
On March 31, 2007, Embraer had logged 630 firm orders
and 558 options for the E-Jets, totaling 1,188 aircraft to
32 customers worldwide.
For more information, please contact:
Embraer
Brazil:
Rosana Dias
Tel: +55-12-3927-1311
cell£º +55-12-9724-4929
Fax: +55-12-3927-2411
Email: rosana.dias@embraer.com.br
North America
Pedro Ferraz
Tel: +954-359-3414
Cell: +954-651-1871
Fax: +954-359-4755
Email: pedro.ferraz@embraer.com
Europe, Middle East and Africa:
Stephane Guilbaud
Tel: +331-4938-4455
Cell: +336-7522-8519
Fax: +331-4938-4456
Email: sguilbaud@embraer.fr
Catherine Fracchia
Tel: +331-4938-4530
Cell: +336-7523-6903
Fax: +331-4938-4456
Email: cfracchia@embraer.fr
China:
Tracy Chen
Tel: +86-10-6505-5045
Cell: +86-1391-018-2281
Fax: +86-10-6505-9866
Email: tracy.chen@bjs.embraer.com
2007'05.16.Wed
Vivace Semiconductor Expands China Operations, Opens New Headquarters in Beijing
May 14, 2007
Media Processing Chip Supplier Opens New Development,
Support Center to Address Dynamic Market Growth In China
BEIJING, May 14 /Xinhua-PRNewswire/ -- Vivace
Semiconductor, a leader in digital media processing chips,
today announced it has expanded its Beijing operations into
a new facility as part of its overall plan to support the
dynamic market growth within the China consumer electronics
industry. The new facility, which will serve as the
company's worldwide headquarters, is located in the IC
Design Park (Quantum Silver Plaza). It consists of more
than 1,000 square meters that can accommodate 100 staff.
Vivace will house the core of its engineering team in
the new complex, with its focus being on implementing the
company's proprietary high-performance, low-power
architecture for advanced media processing applications.
They will be linked via high-speed secure networks to the
company's other facilities in Rochester, NY and Beverly, MA
(USA). In addition, Vivace's Beijing operations will include
a supply chain management team to work closely with the
semiconductor manufacturing infrastructure in China, and a
customer support function to assist system OEMs and ODMs in
leveraging the benefits of the company's product line. Local
sales, marketing and business development will also be based
in the Beijing facility.
Vivace will offer an applications engineering
development lab and a customer reference demonstration
center to support the design implementation or
customization of applications using Vivace's family of
media processors.
"Our strategy is largely based on the opportunity
in the Chinese consumer electronics industry and it is
critical that we have a strong on-the-ground presence
there. By committing to this expansion, we will be able to
more quickly integrate into the supply chain and provide
direct support to our customers," said Cary Ussery,
president and CEO of Vivace, who maintains a full-time
office in the new facility and residence in Beijing.
"As important, we believe the rapidly developing IC
design community in China will be a tremendous asset to us
as we bring our first products to market and we are looking
forward to expanding our development efforts in
Beijing."
Vivace chose the same government-sponsored facility for
its expansion in the Beijing IC Design Park (one of 7
State-certified Integrated Circuit Technology Incubators).
The IC Design Park is a property of Beijing Municipal
Government's investment arm, "Beijing State Property
Management Co." It provides tenants with technical
support infrastructure, including EDA environment support
from world-leading EDA companies such as Cadence, Synopsys,
Mentor Graphics and Magma, as well as support for
multi-project wafer (MPW) prototype services and IP
resources.
"Having Vivace as a resident within one of
China's premier IC design parks is a testament to the
investment and commitment we have made to developing a
world class IC design industry in China," said Weiya
Hao, President of Beijing IC Design Park, Co., Ltd.
"We welcome the company and their unique model for
accelerating technology development. They have shown a
great willingness to participate at levels of our IC design
infrastructure and we wish them long-term success as a
pre-eminent supplier of market-leading technology, as well
as making an impact on the growth of Beijing's IC design
industry"
About Vivace
Vivace Semiconductor develops high-performance,
low-power video processing chips that are optimized for the
needs of high-growth consumer market segments. Its chips
support a full range of video and audio standards, are
based on the company's proprietary ViViD(TM) Media engine
and include a complete software suite for media processing
and a fully programmable, open platform for additional
software integration. Its initial product line is aimed at
developers of portable media players and integrated digital
display/TV products. The company is based in Beverly,
Massachusetts and Beijing, China. More information can be
found at http://www.vivacesemi.com .
Vivace and ViViD are trademarks of Vivace
Semiconductor, Inc. All other trademarks referenced belong
to their respective owners.
For more information, please contact:
He Chuan
Vivace Semiconductor
Tel: +86-10-8235-8482
Email: marketing@vivace.com.cn
Mike Sottak
Wired Island, Ltd.
Tel: +1-649-941-4218
Email: mike@wiredislandpr.com
2007'05.16.Wed
John Sorkin to Join Fried Frank's M&A Practice in New York
May 14, 2007
NEW YORK, May 14 /Xinhua-PRNewswire/ -- Fried, Frank,
Harris, Shriver & Jacobson LLP announced today that
John E. Sorkin will join the Firm as a corporate partner in
the Mergers and Acquisitions practice in New York.
Previously he was a partner in the Corporate Department of
Latham & Watkins LLP in New York.
"We are delighted to welcome John to our firm. He
has valuable experience and market background in M&A and
private equity," said Valerie Ford Jacob, Fried Frank's
Chairperson.
"John adds depth to our growing corporate practice
allowing us to broaden our scope of client service and
capitalize on new business opportunities," added
Justin Spendlove, Fried Frank's Managing Partner.
Mr. Sorkin focuses his practice on domestic and
cross-border merger and acquisition transactions and
leveraged buyouts as well as corporate advisory work
related to corporate governance. His experience spans
corporate transactions, including public and private
mergers and acquisitions, acquisitions of assets in
bankruptcy, proxy contests, spin-offs, exchange offers and
representation of financial advisors in a wide range of
corporate transactions. He has represented private equity
funds and their portfolio companies in numerous
transactions.
Mr. Sorkin received his JD from the University of
Chicago Law School, with Honors, and his BA, magna cum
laude, from Yale University. He is admitted to the bar in
New York.
Fried, Frank, Harris, Shriver & Jacobson LLP is a
leading international law firm with more than 600 attorneys
in offices in New York, Washington, D.C., London, Paris,
Frankfurt and Hong Kong. Fried Frank lawyers regularly
represent major investment banking firms, private equity
houses and hedge funds, as well as many of the largest
companies in the world. The firm offers legal counsel on
M&A, capital markets and corporate finance matters,
white-collar criminal defense and civil litigation,
securities regulation, compliance and enforcement,
government contracts, environmental law and litigation,
real estate, tax, bankruptcy, antitrust, benefits and
compensation, intellectual property and technology,
international trade, and trusts and estates. The firm has
an association with Huen Wong & Co. in Hong Kong. More
information on Fried Frank can be found at
http://www.friedfrank.com .
For more information, please contact:
Paula Zirinsky
Director of Media Relations and Communications
Fried, Frank, Harris, Shriver & Jacobson LLP
Tel: +1-212-859-8818
Email: paula.zirinsky@friedfrank.com
2007'05.16.Wed
John Sorkin to Join Fried Frank's M&A Practice in New York
May 14, 2007
NEW YORK, May 14 /Xinhua-PRNewswire/ -- Fried, Frank,
Harris, Shriver & Jacobson LLP announced today that
John E. Sorkin will join the Firm as a corporate partner in
the Mergers and Acquisitions practice in New York.
Previously he was a partner in the Corporate Department of
Latham & Watkins LLP in New York.
"We are delighted to welcome John to our firm. He
has valuable experience and market background in M&A and
private equity," said Valerie Ford Jacob, Fried Frank's
Chairperson.
"John adds depth to our growing corporate practice
allowing us to broaden our scope of client service and
capitalize on new business opportunities," added
Justin Spendlove, Fried Frank's Managing Partner.
Mr. Sorkin focuses his practice on domestic and
cross-border merger and acquisition transactions and
leveraged buyouts as well as corporate advisory work
related to corporate governance. His experience spans
corporate transactions, including public and private
mergers and acquisitions, acquisitions of assets in
bankruptcy, proxy contests, spin-offs, exchange offers and
representation of financial advisors in a wide range of
corporate transactions. He has represented private equity
funds and their portfolio companies in numerous
transactions.
Mr. Sorkin received his JD from the University of
Chicago Law School, with Honors, and his BA, magna cum
laude, from Yale University. He is admitted to the bar in
New York.
Fried, Frank, Harris, Shriver & Jacobson LLP is a
leading international law firm with more than 600 attorneys
in offices in New York, Washington, D.C., London, Paris,
Frankfurt and Hong Kong. Fried Frank lawyers regularly
represent major investment banking firms, private equity
houses and hedge funds, as well as many of the largest
companies in the world. The firm offers legal counsel on
M&A, capital markets and corporate finance matters,
white-collar criminal defense and civil litigation,
securities regulation, compliance and enforcement,
government contracts, environmental law and litigation,
real estate, tax, bankruptcy, antitrust, benefits and
compensation, intellectual property and technology,
international trade, and trusts and estates. The firm has
an association with Huen Wong & Co. in Hong Kong. More
information on Fried Frank can be found at
http://www.friedfrank.com .
For more information, please contact:
Paula Zirinsky
Director of Media Relations and Communications
Fried, Frank, Harris, Shriver & Jacobson LLP
Tel: +1-212-859-8818
Email: paula.zirinsky@friedfrank.com
2007'05.16.Wed
Nick Colucci Named President and CEO of Publicis Healthcare Communications Group
May 14, 2007
Appointment Marks Culmination of 3-year Succession Plan
NEW YORK, May 14 /Xinhua-PRNewswire/ -- Nick Colucci
has been appointed President and CEO of Publicis Healthcare
Communications Group (NYSE: PUB), replacing Ed Rady, his
mentor and colleague for the past 11 years. Mr. Rady, who
has been named Chairman, will remain in that position
through the end of the year.
The move, in the works for three years, marks one of
the smoothest transitions in advertising history. Mr.
Colucci, 47, was named Mr. Rady's successor in 2004, when
he was promoted to the position of COO. Since then, he has
gradually assumed all the responsibilities that go with the
CEO's job, beginning with North American operations for
Advertising and Medical Education. Last year, his
portfolio was expanded to include International
Operations.
As CEO, Mr. Colucci will be responsible for all the
companies of Publicis Healthcare Communications Group,
including Medical and Scientific Affairs, the Contract
Sales Organization (Publicis Selling Solutions) and various
digital businesses. He reports to John Farrell, President
and CEO of Specialized Agencies & Marketing Services
(SAMS), Publicis Groupe Worldwide.
"Publicis Groupe has built a powerhouse in
healthcare communications," said John Farrell, who
pointed out that the agency is the only global
communications group that houses nearly all of its
healthcare companies under a single umbrella.
"The integration of these agencies into a single
organization allows for greater collaboration," he
explained. "And collaboration means greater strength,
creativity and market share. Together, Ed and Nick have
propelled the group toward tremendous growth. Now Nick,
with his boundless energy and passion, will accelerate that
growth as we move ahead."
The healthcare division has been on a growth trajectory
ever since its inception in 2003. Revenues have increased
by more than 50 percent. Saatchi & Saatchi Healthcare
and Medicus Group are among the leading brands in the
division.
Mr. Colucci, who joined Medicus in 1997, became its
president in 2000. When Mr. Rady became the first CEO of
Publicis Healthcare, Mr. Colucci was named COO. And when
Mr. Rady set a timetable for stepping down, Mr. Colucci was
his designated heir.
"Nick is an outstanding manager," Mr. Rady
said, adding that the two have had an excellent
relationship throughout the transition period. The former
CEO, who is 58, looks forward to ending a 10-year commute
to the New York office from his home in Scottsdale,
Arizona. He will remain as an advisor to the management
team throughout 2007.
"Strategies may change. But core principles-such
as integrity, collaboration, communication and
learning-never do," said Mr. Colucci, who began his
career at Hoffmann-LaRoche, Inc. as a sales representative,
and gradually worked his way up to Marketing Director.
A graduate of the University of Rochester, where he
earned a BS in neuroscience, Mr. Colucci also has an MBA
from Loyola College of Maryland. He lives in Westfield, NJ
with his wife, Ellie, and their three children.
About Publicis Healthcare Communications Group
The Healthcare Group is a fully-integrated division of
Publicis Groupe SA. As one of the largest healthcare
communications groups in the world, Publicis Healthcare has
more than 2,700 employees in 10 countries. Worldwide
services include advertising, medical education, sales and
marketing, and medical and scientific affairs. Publicis
Healthcare offers its clients a strategic partnership, a
strong focus on ensuring value for their marketing spend,
and exceptional performance on their assignments. Web
site: http://www.publicishealthcare.com
About Publicis Groupe
Publicis Groupe (Euronext Paris: FR0000130577 and NYSE:
PUB) is the world's fourth largest communications group, as
well as world's second largest media counsel and buying
group. With activities spanning 104 countries on five
continents, the Groupe employs approximately 42,000
professionals.
The Groupe's communication activities cover
advertising, through three autonomous global advertising
networks: Leo Burnett, Publicis, Saatchi & Saatchi, as
well as through its two multi-hub networks Fallon Worldwide
and 49%-owned Bartle Bogle Hegarty; media consultancy and
buying through two worldwide networks ZenithOptimedia and
Starcom MediaVest Group; interactive and digital marketing,
marketing services and specialized communications including
direct marketing, public relations, corporate and financial
communications, event communications, multicultural and with
a worldwide leadership in healthcare communications.
For more information, please contact:
Julie Laitin
Email: jlaitin@julielaitin.com
Tel: +1-212-286-2424
Bridget Calafell
Email: bcalafell@julielaitin.com
2007'05.16.Wed
要約：
不動産ポータルCatchUp(http://catchup-j.com/)は、「CatchUp賃貸」「CatchUp売買」サイトへの物件掲載・管理ができるクライアントシステム『Catcher（キャッチャー）』をリリースしました。
本文：
株式会社システムソフト（福岡市中央区・代表取締役社長 吉尾春樹 JASDAQ証券コード7527）は、 自社で運営・管理する不動産ポータルサイト「CatchUp」(http://catchup-j.com/)内の、「CatchUp賃貸」「CatchUp売買」サイトへの物件掲載・管理ができるクライアントシステム『Catcher（キャッチャー）』をリリースしました。
同時に、全国の宅地建物取引業者各社からの掲載受付も開始いたしました。これにより、物件掲載を希望する宅建業者が入会できるCatchUp会員の拡大とともに、現在約80万件の掲載物件数を増強してまいります。
■Catcher（キャッチャー）とは
流通物件の登録・掲載管理ができるCatchUpクライアントシステムです。登録・更新情報はサイトへリアルタイムで反映されます。
■Catcher（キャッチャー）の主な機能
物件登録／物件メンテナンス／反響管理／ショッピング（販促品・不動産関連商品など）
■対象物件
賃貸物件／売買物件／投資物件
※いずれも流通物件に限る
■登録可能物件種別
・賃貸：アパート、マンション、一戸建、駐車場、店舗、事務所、倉庫、工場、その他
・売買：マンション、一戸建、土地、店舗、事務所、倉庫、工場、その他
・投資：マンション（一棟）、マンション（区分）、アパート（一棟）、土地、ビル、店舗、その他
Catcher（キャッチャー）登録に関する詳細はこちらの特設ページから確認できます。
・URL： http://catchup-j.com/info/catcher/
Catcher（キャッチャー）の画面や、機能を動画で詳しく解説。申込みから掲載までの流れや、掲載
料金などについても説明しています。
■関連URL
・「CatchUp賃貸」：（http://live.catchup-j.com/chintai/）
・「CatchUp売買」： （http://live.catchup-j.com/baibai/）
・「CatchUp」：（http://catchup-j.com/）
・賃貸/売買サイトへの物件掲載について：（http://catchup-j.com/info/catcher/）
本件に関するお問い合わせは、
■株式会社システムソフト
担当窓口：CatchUp事業部 事業推進部 部長 橋本 亜津佐
E-MAIL：press@catchup-j.com
TEL:03-5446-5863 FAX：03-5446-5861
〒105-0014 東京都港区芝2-2-14 一星芝ビルディング5F
会社概要はこちら http://www.systemsoft.co.jp/
不動産ポータルCatchUp http://catchup-j.com/
不動産ポータルCatchUp(http://catchup-j.com/)は、「CatchUp賃貸」「CatchUp売買」サイトへの物件掲載・管理ができるクライアントシステム『Catcher（キャッチャー）』をリリースしました。
本文：
株式会社システムソフト（福岡市中央区・代表取締役社長 吉尾春樹 JASDAQ証券コード7527）は、 自社で運営・管理する不動産ポータルサイト「CatchUp」(http://catchup-j.com/)内の、「CatchUp賃貸」「CatchUp売買」サイトへの物件掲載・管理ができるクライアントシステム『Catcher（キャッチャー）』をリリースしました。
同時に、全国の宅地建物取引業者各社からの掲載受付も開始いたしました。これにより、物件掲載を希望する宅建業者が入会できるCatchUp会員の拡大とともに、現在約80万件の掲載物件数を増強してまいります。
■Catcher（キャッチャー）とは
流通物件の登録・掲載管理ができるCatchUpクライアントシステムです。登録・更新情報はサイトへリアルタイムで反映されます。
■Catcher（キャッチャー）の主な機能
物件登録／物件メンテナンス／反響管理／ショッピング（販促品・不動産関連商品など）
■対象物件
賃貸物件／売買物件／投資物件
※いずれも流通物件に限る
■登録可能物件種別
・賃貸：アパート、マンション、一戸建、駐車場、店舗、事務所、倉庫、工場、その他
・売買：マンション、一戸建、土地、店舗、事務所、倉庫、工場、その他
・投資：マンション（一棟）、マンション（区分）、アパート（一棟）、土地、ビル、店舗、その他
Catcher（キャッチャー）登録に関する詳細はこちらの特設ページから確認できます。
・URL： http://catchup-j.com/info/catcher/
Catcher（キャッチャー）の画面や、機能を動画で詳しく解説。申込みから掲載までの流れや、掲載
料金などについても説明しています。
■関連URL
・「CatchUp賃貸」：（http://live.catchup-j.com/chintai/）
・「CatchUp売買」： （http://live.catchup-j.com/baibai/）
・「CatchUp」：（http://catchup-j.com/）
・賃貸/売買サイトへの物件掲載について：（http://catchup-j.com/info/catcher/）
本件に関するお問い合わせは、
■株式会社システムソフト
担当窓口：CatchUp事業部 事業推進部 部長 橋本 亜津佐
E-MAIL：press@catchup-j.com
TEL:03-5446-5863 FAX：03-5446-5861
〒105-0014 東京都港区芝2-2-14 一星芝ビルディング5F
会社概要はこちら http://www.systemsoft.co.jp/
不動産ポータルCatchUp http://catchup-j.com/
2007'05.16.Wed
要約：
インターネットのコンサルティングを行う株式会社ペンシルは、５月２３日（水）にデジタルハリウッド大阪校で『売上・利益をアップさせる戦略的ＷＥＢサイトとＳＥＯ・ＳＥＭを超えた戦略的ＳＥＯとは？』と題したセミナーを開催致します。
本文：
【報道関係各位】 ２００７年５月１４日
株式会社ペンシル
◆━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━◆
～東京・福岡で１万人突破の人気のセミナーを大阪でも！！～
『売上・利益をアップさせる戦略的ＷＥＢサイトと
ＳＥＯ・ＳＥＭを超えた戦略的ＳＥＯとは？』
２００７年５月２３日（水） 於：デジタルハリウッド大阪校
http://www.pencil.co.jp/osaka/
◆━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━◆
インターネットのコンサルティングを行う株式会社ペンシル（本社：福
岡県福岡市、以下ペンシル）は、５月２３日（水）にデジタルハリウッ
ド大阪校で『売上・利益をアップさせる戦略的ＷＥＢサイトとＳＥＯ・
ＳＥＭを超えた戦略的ＳＥＯとは？』と題したセミナーを開催致します。
ペンシルでは１９９６年からＷＥＢ業界やデジタル業界を発展させるた
めに東京、福岡を中心に、名古屋、広島、札幌などで無料のセミナーを
開催しており、また日本国内に止まらず上海でもセミナーを行なって参
りました。毎回非常に好評をいただいており、これまでに受講された人
数は１万０５４４人にも上ります。
今回のセミナーでは「コンセプトワークで売上高・利益を飛躍的にアッ
プさせる戦略的ＷＥＢサイト」や「検索エンジンを最大限に活用した
ＳＥＯ・ＳＥＭを超える戦略的ＳＥＯ」について数々の成功事例を交え
ながら図やイラスト、グラフ等を用いて分かりやすくご紹介させていた
だきます。
ペンシルではセミナーを随時開催しており、ＩＴ業界・ホームページ制
作会社・デジタルクリエイター・ＩＴ企業を目指す学生の方等、興味の
ある方ならどなたでも参加可能です。今後もセミナーを開催し、デジタ
ル業界の発展のために努めて参ります。
┌────────────◆ ご案内 ◆────────────┐
■日 時：２００７年５月２３日（水）
１９：００～２１：３０
■定 員：１００名（定員になり次第、締め切ります）
■講 師：株式会社ペンシル 代表取締役社長 覚田義明氏
■場 所：デジタルハリウッド大阪校 地下セミナールーム
（大阪市北区西天満６－５－１７デジタルエイトビル１Ｆ）
■参加費：無料
■申 込： http://www.pencil.co.jp/osaka/
└───────────────────────────────┘
────────────────────────────────────
■□■ 講師プロフィール ■□■
────────────────────────────────────
■株式会社ペンシル 覚田義明
１９９５年インターネットコンサルティング会社としてペンシルを設立。
インターネットによる調査・マーケティング・企画・提案・制作・
ＳＥＯを初めとする各種プロモーション・効果測定など、トータルにコ
ンサルティングを行っており、さまざまな企業のビジネスに活用できる
戦略的ＨＰをエグゼクティブプロデューサーとして構築。
＜セミナー実績＞
日本総研ビジコン「住友青年経営者研究会」、森ビルアークヒルズアカ
デミー「ＡＲＫ都市塾」、日本単品通販フェア、近畿ニューメディア推
進協議会、東京商工会議所、東京工業大学、九州芸術工科大学、九州工
科大学、デジタルハリウッドオープンカレッジ等。
────────────────────────────────────
■□■ 株式会社ペンシル ■□■
────────────────────────────────────
１９９５年に設立した研究開発型企業。戦略的ホームページ制作／ポータ
ルサイト制作／ＳＥＯ・ＳＥＭを超えた戦略的ＳＥＯサービス等を行って
おり、様々な企業のビジネスに活用できる戦略的ホームページを提案。
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
本リリース、取材に関するお問い合せ先
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
株式会社ペンシル：柴山
福岡市中央区天神１-３-３８ 天神１２１ビル５Ｆ
ＴＥＬ ：０９２－７２６－１４００
ＦＡＸ ：０９２－７２６－１４２２
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
成功事例に学ぶ企業ＷＥＢセミナー http://www.pencil.co.jp/osaka/
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
インターネットのコンサルティングを行う株式会社ペンシルは、５月２３日（水）にデジタルハリウッド大阪校で『売上・利益をアップさせる戦略的ＷＥＢサイトとＳＥＯ・ＳＥＭを超えた戦略的ＳＥＯとは？』と題したセミナーを開催致します。
本文：
【報道関係各位】 ２００７年５月１４日
株式会社ペンシル
◆━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━◆
～東京・福岡で１万人突破の人気のセミナーを大阪でも！！～
『売上・利益をアップさせる戦略的ＷＥＢサイトと
ＳＥＯ・ＳＥＭを超えた戦略的ＳＥＯとは？』
２００７年５月２３日（水） 於：デジタルハリウッド大阪校
http://www.pencil.co.jp/osaka/
◆━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━◆
インターネットのコンサルティングを行う株式会社ペンシル（本社：福
岡県福岡市、以下ペンシル）は、５月２３日（水）にデジタルハリウッ
ド大阪校で『売上・利益をアップさせる戦略的ＷＥＢサイトとＳＥＯ・
ＳＥＭを超えた戦略的ＳＥＯとは？』と題したセミナーを開催致します。
ペンシルでは１９９６年からＷＥＢ業界やデジタル業界を発展させるた
めに東京、福岡を中心に、名古屋、広島、札幌などで無料のセミナーを
開催しており、また日本国内に止まらず上海でもセミナーを行なって参
りました。毎回非常に好評をいただいており、これまでに受講された人
数は１万０５４４人にも上ります。
今回のセミナーでは「コンセプトワークで売上高・利益を飛躍的にアッ
プさせる戦略的ＷＥＢサイト」や「検索エンジンを最大限に活用した
ＳＥＯ・ＳＥＭを超える戦略的ＳＥＯ」について数々の成功事例を交え
ながら図やイラスト、グラフ等を用いて分かりやすくご紹介させていた
だきます。
ペンシルではセミナーを随時開催しており、ＩＴ業界・ホームページ制
作会社・デジタルクリエイター・ＩＴ企業を目指す学生の方等、興味の
ある方ならどなたでも参加可能です。今後もセミナーを開催し、デジタ
ル業界の発展のために努めて参ります。
┌────────────◆ ご案内 ◆────────────┐
■日 時：２００７年５月２３日（水）
１９：００～２１：３０
■定 員：１００名（定員になり次第、締め切ります）
■講 師：株式会社ペンシル 代表取締役社長 覚田義明氏
■場 所：デジタルハリウッド大阪校 地下セミナールーム
（大阪市北区西天満６－５－１７デジタルエイトビル１Ｆ）
■参加費：無料
■申 込： http://www.pencil.co.jp/osaka/
└───────────────────────────────┘
────────────────────────────────────
■□■ 講師プロフィール ■□■
────────────────────────────────────
■株式会社ペンシル 覚田義明
１９９５年インターネットコンサルティング会社としてペンシルを設立。
インターネットによる調査・マーケティング・企画・提案・制作・
ＳＥＯを初めとする各種プロモーション・効果測定など、トータルにコ
ンサルティングを行っており、さまざまな企業のビジネスに活用できる
戦略的ＨＰをエグゼクティブプロデューサーとして構築。
＜セミナー実績＞
日本総研ビジコン「住友青年経営者研究会」、森ビルアークヒルズアカ
デミー「ＡＲＫ都市塾」、日本単品通販フェア、近畿ニューメディア推
進協議会、東京商工会議所、東京工業大学、九州芸術工科大学、九州工
科大学、デジタルハリウッドオープンカレッジ等。
────────────────────────────────────
■□■ 株式会社ペンシル ■□■
────────────────────────────────────
１９９５年に設立した研究開発型企業。戦略的ホームページ制作／ポータ
ルサイト制作／ＳＥＯ・ＳＥＭを超えた戦略的ＳＥＯサービス等を行って
おり、様々な企業のビジネスに活用できる戦略的ホームページを提案。
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
本リリース、取材に関するお問い合せ先
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
株式会社ペンシル：柴山
福岡市中央区天神１-３-３８ 天神１２１ビル５Ｆ
ＴＥＬ ：０９２－７２６－１４００
ＦＡＸ ：０９２－７２６－１４２２
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
成功事例に学ぶ企業ＷＥＢセミナー http://www.pencil.co.jp/osaka/
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
2007'05.16.Wed
要約：
IT、情報通信市場の調査レポート販売サイトMRR（運営会社：株式会社ナノプ
ロ 代表取締役 森田裕行）は、携帯市場のレポートで定評のあるエムレポー
トが制作した「ワンセグ市場の最新動向(2)」の販売を開始しました。
本文：
報道関係各位
2007年5月14日
株式会社ナノプロ MRR事業部
http://www.marketing-research.jp/
――――――――――――――――――――――――――――――――――
ナノプロMRR事業部、
「ワンセグ市場の最新動向(2)」を販売開始
～07年夏に1,000万台突破、高機能端末にワンセグ機能は標準的～
詳細はこちら⇒ http://www.marketing-research.jp/page/000220.html
――――――――――――――――――――――――――――――――――
■概要■
IT、情報通信市場の調査レポート販売サイトMRR（運営会社：株式会社ナノプ
ロ 代表取締役 森田裕行）は、携帯市場のレポートで定評のあるエムレポー
トが制作した「ワンセグ市場の最新動向(2)」の販売を開始しました。
詳細はこちら⇒ http://www.marketing-research.jp/page/000220.html
■■資料概要■■
◆AQUOSケータイの好調さが転換期
2006年4月1日に「ワンセグ」の本格放送が開始され、2007年4月1日で1年が経
過しました。当初はワンセグにおけるビジネス・モデルの不透明感から、携帯
電話事業者各社はワンセグ対応端末の市場投入に消極的な姿勢でした。
しかし、ソフトバンクモバイル（旧ボーダフォン）の「AQUOSケータイ」こと
「Vodafone 905SH（シャープ製）」の好調さから、KDDI（au）やNTTドコモも
積極姿勢へ転換しました。中でも、auは大幅に品揃えの拡充を図っています。
◆将来的にはワンセグ対応は標準化
急速に出荷台数を拡大している「ワンセグ」対応端末ですが、これに拍車をか
けようとしているのが携帯電話事業者各社です。すでにKDDI（au）ではワンセ
グをカメラ機能のように携帯電話端末の標準搭載していく方針で、今後も対応
端末数は拡充される傾向にあります。一方、NTTドコモも2007年秋に市場投入
する冬モデルの「FOMA 905i」シリーズで機能を大幅に強化すると発表しまし
た。機能強化の中にはワンセグも含まれ、国際ローミングやHSDPA方式サービ
ス「FOMAハイスピード」とともに標準搭載されます。
■■キーワード■■
◆3事業者対応のAQUOSケータイ!!
ソフトバンクモバイル（旧ボーダフォン)の「AQUOSケータイ」こと「Vodafone
905SH（シャープ製）」の好調さから、KDDI（au）やNTTドコモからもAQUOSケ
ータイが市場投入されています。
◆2007年夏に1,000万台突破!!
電子情報技術産業協会（JEITA）によれば、「ワンセグ」対応端末の累積出荷
台数が2007年夏頃に1,000万台を突破するといいます。
◆ワンセグ対応も標準機能に!!
好調な「ワンセグ」対応端末の出荷を背景に、すでにKDDI（au）やNTTドコモ
が新端末へのワンセグ対応を標準機能にすることを決定しています。
■■携帯電話向けSNSの利用動向■■
◆07年夏にはワンセグ対応端末出荷が1,000万超
電子情報技術産業協会（JEITA）によれば、2007年2月末までに「ワンセグ」対
応端末の累積出荷台数が約496万8,000台になったといいます。2006年夏以降、
月間平均30万～40万台の勢いで出荷され、年末商戦期の12月には57万5,000台
を記録しています。さらに携帯電話事業者各社が春商戦向け新端末を相次いで
市場投入した2月には112万7,000台と急拡大しました。
■■目次/図表■■
要約
キーワード
１．市場概況
AQUOSケータイの好調さが転換期
表：端末メーカ別ワンセグ対応端末の市場投入時期
将来的にはワンセグ対応は標準化
２．ワンセグ対応端末の普及予測と推移（2006～2011年度）
07年夏にはワンセグ対応端末出荷が1,000万超
図：ワンセグ対応端末の年度別出荷台数推移と予測
（2006～2011年度、エムレポート推定）
表：ワンセグ対応端末の年度別出荷台数推移と予測（2006～2011年度）
表：ワンセグ対応端末の累積／純増出荷台数推移(2006年7月～2007年2月)
３．携帯電話事業者の動向
KDDI（au）の動向
事業者最多の14機種を投入
07年2月にワンセグ対応端末の累積契約数が200万を突破
表：ワンセグ対応端末の累積契約数
06年10月にavexと放送／通信連携型サービスを開始
06年5月に放送型サービス向けコンテンツ保護技術を共同開発
06年3月にテレビ朝日とワンセグの共同事業検証で合意
表：ビジネス・モデルの検討と試験的サービスのフィールド
NTTドコモの動向
FOMA 905iシリーズでワンセグなどを標準搭載
07年1月に日本テレビ放送網株式を取得
契約解除でワンセグ視聴不可
06年10月に電子クーポンやカードの自動蓄積システムを開発
06年6月からワンセグ＋おサイフケータイ連携の検証を開始
07年3月にEM・ONEの販売を開始したイー・モバイル
表：EM・ONE（エム・ワン、S01SH）の主な仕様
４．端末メーカ別ワンセグ対応端末の動向と仕様
表：端末メーカによるワンセグ対応端末の投入状況
シャープの動向
液晶とカメラの次にはワンセグに注力
ワンセグ対応端末では最多機種を投入
W51SHの対象は20～30代の男女と幅広い設定
表：シャープ製ワンセグ対応端末の仕様比較
（AQUOSケータイ W51SH／FOMA SH903iTV）
図：AQUOSケータイ W51SH（オーシャン・ブルー）
表：シャープ製ワンセグ対応端末の仕様比較
（SoftBank 911SH／SoftBank 905SH）
ワンセグ視聴も録画も余裕な三洋電機のW51SA
表：三洋電機製ワンセグ対応端末の仕様比較（W51SA／W43SA）
図：W51SA（グラス・グリーン）
表：三洋電機製ワンセグ対応端末の仕様比較（W33SAⅡ／W33SA）
一般受けを狙う日立製作所のW43H
表：日立製作所製ワンセグ対応端末の仕様比較（W43HⅡ／W43H／W41H）
図：W43HⅡ（アイス・ピンク）
HSDPA方式にも対応した東芝のSoftBank 911T
図：SoftBank 911T（ブラック）
表：東芝製ワンセグ対応端末の仕様比較（SoftBank 911T／W52T／W51T）
パナソニック モバイルのFOMA P903iTVはワンセグ機能が充実
表：パナソニック モバイル製ワンセグ対応端末の仕様比較
（FOMA P903iTV／FOMA P901iTV）
図：FOMA P903iTV（ブルー）
ソニー・エリクソン・モバイルコミュニケーションズの動向
07年6月にNTTドコモ向けにBRAVIAケータイを投入
表：ソニー・エリクソン製ワンセグ対応端末の仕様比較
（FOMA SO903iTV／W44S）
図：FOMA SO903iTV（ブリリアント・レッド）
BRAVIAの高画質技術を応用したW44S
デザイン系端末ながら高機能な京セラのMEDIA SKIN
表：京セラ製ワンセグ対応端末の仕様比較（MEDIA SKIN／W51K）
図：MEDIA SKIN（オレンジ）
FOMA F904iでワンセグに対応した富士通
図：FOMA F904i（bordeaux）
表：富士通製ワンセグ対応端末の仕様（FOMA F904i）
三菱電機初となるワンセグ対応のFOMA D903iTV
表：三菱電機製ワンセグ対応端末の仕様（FOMA D903iTV）
図：FOMA D903iTV（Orange）
カシオ計算機の動向
自社初となるワンセグ対応端末のW51CA
表：カシオ計算機製ワンセグ対応端末の仕様（W51CA）
図：W51CA（ブルーム・ピンク）
W51CAはカシオと日立とカシオ日立の合作端末
W51CAの3色展開は女性層向けも視野
【参考】ウィルコム端末
06年12月にワンセグ・チューナの販売を開始
表：W-ZERO3[es]専用ワンセグ・チューナの主な仕様
図：W-ZERO3[es]専用ワンセグ・チューナ
06年8月にW-SIMがスーパーワンセグTV Watchに採用
表：スーパーワンセグTV Watchの主な仕様
図：スーパーワンセグTV Watch
５．その他の動向
07年2月に放送法改正案の概要を発表した総務省
日本放送協会（NHK）の動向
2011年7月に地上波デジタルTV放送へ移行
07年8月までにワンセグのローカル放送を全国拡大
ISDB-T MMFの動向
07年1月にサービスとインフラ分科会設置を了承
06年12月にISDB-T MMFを設立
06年11月にマルチメディア放送企画 LLC合同会社設立で合意
表：マルチメディア放送企画 LLC合同会社の会社概要
07年5月からiチャネル向けコンテンツを開始したテレビ朝日
07年6月にワンセグ連携情報提供サービスを開始するコネテレ
日本テレビ放送網の動向
06年12月からワンセグ向け通信コンテンツを拡充
06年9月に5MBのiモーション配信を発表
６．関連リンク
表：関連リンク（五十音順）
■■資料の仕様■■
商 品 名：「ワンセグ市場の最新動向(2)」
発 刊 日：2007年5月10日
判 型：A4版34頁〔PDF資料〕
発 行：エムレポート
販 売：株式会社ナノプロ
頒 価：21,000円（税抜20,000円＋消費税1,000円）
■■お申し込み方法■■
下記URLよりおご購入ください。
⇒ http://www.marketing-research.jp/page/000220.html
■■ナノプロについて■■
設立:2006年1月
会社名:株式会社ナノプロ
所在地:
本社/東京都渋谷区恵比寿4-20-3恵比寿ガーデンプレイス18階
神南オフィス/東京都渋谷区神南1-13-8パーク・アヴェニュー神南404
事業内容:
インターネットならびにモバイル向けのプロモーション
セールスプロモーション事業
関連コンテンツ・システム事業
(1)成果報酬型Eコマースプロモーション
(2)プロモーションコンテンツ制作、ネットプロモーションシステム開発事業
代表取締役:森田裕行
URL: http://www.nanopro.jp
■■本件に関するお問い合わせ先■■
〒150-0041
東京都渋谷区神南1-13-8パーク・アヴェニュー神南404
株式会社ナノプロ
TEL:03-6379-9771 / E-Mail: info-mrr@nanopro.jp
担当:川口
IT、情報通信市場の調査レポート販売サイトMRR（運営会社：株式会社ナノプ
ロ 代表取締役 森田裕行）は、携帯市場のレポートで定評のあるエムレポー
トが制作した「ワンセグ市場の最新動向(2)」の販売を開始しました。
本文：
報道関係各位
2007年5月14日
株式会社ナノプロ MRR事業部
http://www.marketing-research.jp/
――――――――――――――――――――――――――――――――――
ナノプロMRR事業部、
「ワンセグ市場の最新動向(2)」を販売開始
～07年夏に1,000万台突破、高機能端末にワンセグ機能は標準的～
詳細はこちら⇒ http://www.marketing-research.jp/page/000220.html
――――――――――――――――――――――――――――――――――
■概要■
IT、情報通信市場の調査レポート販売サイトMRR（運営会社：株式会社ナノプ
ロ 代表取締役 森田裕行）は、携帯市場のレポートで定評のあるエムレポー
トが制作した「ワンセグ市場の最新動向(2)」の販売を開始しました。
詳細はこちら⇒ http://www.marketing-research.jp/page/000220.html
■■資料概要■■
◆AQUOSケータイの好調さが転換期
2006年4月1日に「ワンセグ」の本格放送が開始され、2007年4月1日で1年が経
過しました。当初はワンセグにおけるビジネス・モデルの不透明感から、携帯
電話事業者各社はワンセグ対応端末の市場投入に消極的な姿勢でした。
しかし、ソフトバンクモバイル（旧ボーダフォン）の「AQUOSケータイ」こと
「Vodafone 905SH（シャープ製）」の好調さから、KDDI（au）やNTTドコモも
積極姿勢へ転換しました。中でも、auは大幅に品揃えの拡充を図っています。
◆将来的にはワンセグ対応は標準化
急速に出荷台数を拡大している「ワンセグ」対応端末ですが、これに拍車をか
けようとしているのが携帯電話事業者各社です。すでにKDDI（au）ではワンセ
グをカメラ機能のように携帯電話端末の標準搭載していく方針で、今後も対応
端末数は拡充される傾向にあります。一方、NTTドコモも2007年秋に市場投入
する冬モデルの「FOMA 905i」シリーズで機能を大幅に強化すると発表しまし
た。機能強化の中にはワンセグも含まれ、国際ローミングやHSDPA方式サービ
ス「FOMAハイスピード」とともに標準搭載されます。
■■キーワード■■
◆3事業者対応のAQUOSケータイ!!
ソフトバンクモバイル（旧ボーダフォン)の「AQUOSケータイ」こと「Vodafone
905SH（シャープ製）」の好調さから、KDDI（au）やNTTドコモからもAQUOSケ
ータイが市場投入されています。
◆2007年夏に1,000万台突破!!
電子情報技術産業協会（JEITA）によれば、「ワンセグ」対応端末の累積出荷
台数が2007年夏頃に1,000万台を突破するといいます。
◆ワンセグ対応も標準機能に!!
好調な「ワンセグ」対応端末の出荷を背景に、すでにKDDI（au）やNTTドコモ
が新端末へのワンセグ対応を標準機能にすることを決定しています。
■■携帯電話向けSNSの利用動向■■
◆07年夏にはワンセグ対応端末出荷が1,000万超
電子情報技術産業協会（JEITA）によれば、2007年2月末までに「ワンセグ」対
応端末の累積出荷台数が約496万8,000台になったといいます。2006年夏以降、
月間平均30万～40万台の勢いで出荷され、年末商戦期の12月には57万5,000台
を記録しています。さらに携帯電話事業者各社が春商戦向け新端末を相次いで
市場投入した2月には112万7,000台と急拡大しました。
■■目次/図表■■
要約
キーワード
１．市場概況
AQUOSケータイの好調さが転換期
表：端末メーカ別ワンセグ対応端末の市場投入時期
将来的にはワンセグ対応は標準化
２．ワンセグ対応端末の普及予測と推移（2006～2011年度）
07年夏にはワンセグ対応端末出荷が1,000万超
図：ワンセグ対応端末の年度別出荷台数推移と予測
（2006～2011年度、エムレポート推定）
表：ワンセグ対応端末の年度別出荷台数推移と予測（2006～2011年度）
表：ワンセグ対応端末の累積／純増出荷台数推移(2006年7月～2007年2月)
３．携帯電話事業者の動向
KDDI（au）の動向
事業者最多の14機種を投入
07年2月にワンセグ対応端末の累積契約数が200万を突破
表：ワンセグ対応端末の累積契約数
06年10月にavexと放送／通信連携型サービスを開始
06年5月に放送型サービス向けコンテンツ保護技術を共同開発
06年3月にテレビ朝日とワンセグの共同事業検証で合意
表：ビジネス・モデルの検討と試験的サービスのフィールド
NTTドコモの動向
FOMA 905iシリーズでワンセグなどを標準搭載
07年1月に日本テレビ放送網株式を取得
契約解除でワンセグ視聴不可
06年10月に電子クーポンやカードの自動蓄積システムを開発
06年6月からワンセグ＋おサイフケータイ連携の検証を開始
07年3月にEM・ONEの販売を開始したイー・モバイル
表：EM・ONE（エム・ワン、S01SH）の主な仕様
４．端末メーカ別ワンセグ対応端末の動向と仕様
表：端末メーカによるワンセグ対応端末の投入状況
シャープの動向
液晶とカメラの次にはワンセグに注力
ワンセグ対応端末では最多機種を投入
W51SHの対象は20～30代の男女と幅広い設定
表：シャープ製ワンセグ対応端末の仕様比較
（AQUOSケータイ W51SH／FOMA SH903iTV）
図：AQUOSケータイ W51SH（オーシャン・ブルー）
表：シャープ製ワンセグ対応端末の仕様比較
（SoftBank 911SH／SoftBank 905SH）
ワンセグ視聴も録画も余裕な三洋電機のW51SA
表：三洋電機製ワンセグ対応端末の仕様比較（W51SA／W43SA）
図：W51SA（グラス・グリーン）
表：三洋電機製ワンセグ対応端末の仕様比較（W33SAⅡ／W33SA）
一般受けを狙う日立製作所のW43H
表：日立製作所製ワンセグ対応端末の仕様比較（W43HⅡ／W43H／W41H）
図：W43HⅡ（アイス・ピンク）
HSDPA方式にも対応した東芝のSoftBank 911T
図：SoftBank 911T（ブラック）
表：東芝製ワンセグ対応端末の仕様比較（SoftBank 911T／W52T／W51T）
パナソニック モバイルのFOMA P903iTVはワンセグ機能が充実
表：パナソニック モバイル製ワンセグ対応端末の仕様比較
（FOMA P903iTV／FOMA P901iTV）
図：FOMA P903iTV（ブルー）
ソニー・エリクソン・モバイルコミュニケーションズの動向
07年6月にNTTドコモ向けにBRAVIAケータイを投入
表：ソニー・エリクソン製ワンセグ対応端末の仕様比較
（FOMA SO903iTV／W44S）
図：FOMA SO903iTV（ブリリアント・レッド）
BRAVIAの高画質技術を応用したW44S
デザイン系端末ながら高機能な京セラのMEDIA SKIN
表：京セラ製ワンセグ対応端末の仕様比較（MEDIA SKIN／W51K）
図：MEDIA SKIN（オレンジ）
FOMA F904iでワンセグに対応した富士通
図：FOMA F904i（bordeaux）
表：富士通製ワンセグ対応端末の仕様（FOMA F904i）
三菱電機初となるワンセグ対応のFOMA D903iTV
表：三菱電機製ワンセグ対応端末の仕様（FOMA D903iTV）
図：FOMA D903iTV（Orange）
カシオ計算機の動向
自社初となるワンセグ対応端末のW51CA
表：カシオ計算機製ワンセグ対応端末の仕様（W51CA）
図：W51CA（ブルーム・ピンク）
W51CAはカシオと日立とカシオ日立の合作端末
W51CAの3色展開は女性層向けも視野
【参考】ウィルコム端末
06年12月にワンセグ・チューナの販売を開始
表：W-ZERO3[es]専用ワンセグ・チューナの主な仕様
図：W-ZERO3[es]専用ワンセグ・チューナ
06年8月にW-SIMがスーパーワンセグTV Watchに採用
表：スーパーワンセグTV Watchの主な仕様
図：スーパーワンセグTV Watch
５．その他の動向
07年2月に放送法改正案の概要を発表した総務省
日本放送協会（NHK）の動向
2011年7月に地上波デジタルTV放送へ移行
07年8月までにワンセグのローカル放送を全国拡大
ISDB-T MMFの動向
07年1月にサービスとインフラ分科会設置を了承
06年12月にISDB-T MMFを設立
06年11月にマルチメディア放送企画 LLC合同会社設立で合意
表：マルチメディア放送企画 LLC合同会社の会社概要
07年5月からiチャネル向けコンテンツを開始したテレビ朝日
07年6月にワンセグ連携情報提供サービスを開始するコネテレ
日本テレビ放送網の動向
06年12月からワンセグ向け通信コンテンツを拡充
06年9月に5MBのiモーション配信を発表
６．関連リンク
表：関連リンク（五十音順）
■■資料の仕様■■
商 品 名：「ワンセグ市場の最新動向(2)」
発 刊 日：2007年5月10日
判 型：A4版34頁〔PDF資料〕
発 行：エムレポート
販 売：株式会社ナノプロ
頒 価：21,000円（税抜20,000円＋消費税1,000円）
■■お申し込み方法■■
下記URLよりおご購入ください。
⇒ http://www.marketing-research.jp/page/000220.html
■■ナノプロについて■■
設立:2006年1月
会社名:株式会社ナノプロ
所在地:
本社/東京都渋谷区恵比寿4-20-3恵比寿ガーデンプレイス18階
神南オフィス/東京都渋谷区神南1-13-8パーク・アヴェニュー神南404
事業内容:
インターネットならびにモバイル向けのプロモーション
セールスプロモーション事業
関連コンテンツ・システム事業
(1)成果報酬型Eコマースプロモーション
(2)プロモーションコンテンツ制作、ネットプロモーションシステム開発事業
代表取締役:森田裕行
URL: http://www.nanopro.jp
■■本件に関するお問い合わせ先■■
〒150-0041
東京都渋谷区神南1-13-8パーク・アヴェニュー神南404
株式会社ナノプロ
TEL:03-6379-9771 / E-Mail: info-mrr@nanopro.jp
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