PRNewswire | SilverScorpio.Com

Q2 2010 Quarterly Dividend and Q3 Timetable Announcement

July 30, 2010 By vani Leave a Comment

THE HAGUE, Netherlands, July 29, 2010 /PRNewswire-FirstCall/ — The Board of Royal Dutch Shell plc (“RDS”) today announced an interim dividend in respect of the second quarter of 2010 of US$0.42 per A and B ordinary share, equal to the US dollar dividend for the same quarter last year.

Dividends declared on A ordinary shares (“A shares”) will be paid by default in euro, although holders of A shares will be able to elect to receive dividend in pounds sterling. Dividends declared on B ordinary shares (“B shares”) will be paid by default in pounds sterling, although holders of B shares will be able to elect to receive dividend in euro. Dividends declared on American Depository Receipts (“ADRs”) will be paid in US dollars.

Details relating to the second quarter 2010 interim dividend

This dividend will be payable on September 8, 2010 to those members whose names are on the Register of Members on August 6, 2010. The shares will become ex-dividend on August 4, 2010.

It is expected that the dividends on the B shares will be paid via the Dividend Access Mechanism from UK-sourced income of the Shell Group.

Per ordinary share Q2 2010
RDS A shares (US$) 0.42
RDS B shares (US$) 0.42

Per ADR Q2 2010
RDS A ADRs (US$) 0.84
RDS B ADRs (US$) 0.84

Dividends on A shares will be paid, by default, in euro at the rate of EUR 0.3227 per A share. Holders of A shares who have validly submitted pounds sterling currency elections by July 28, 2010 will be entitled to a dividend of 26.89p per A share.

Dividends on B shares will be paid, by default, in pounds sterling at the rate of 26.89p per B share. Holders of B shares who have validly submitted euro currency elections by July 28, 2010 will be entitled to a dividend of EUR 0.3227 per B share.

Holders of A or B shares in ADR form will be entitled to a dividend of US$0.84 per ADR.

Taxation

Dividends on A shares will be subject to the deduction of Netherlands dividend withholding tax at the rate of 15%, which may be reduced in certain circumstances. Provided certain conditions are met, shareholders in receipt of A share dividends may also be entitled to a non-payable dividend tax credit in the United Kingdom.

Shareholders resident in the United Kingdom, receiving dividends on B shares through the Dividend Access Mechanism, are entitled to a tax credit. This tax credit is not repayable. Non-residents may also be entitled to a tax credit, if double tax arrangements between the United Kingdom and their country of residence so provide, or if they are eligible for relief given to non-residents with certain special connections with the United Kingdom or to nationals of states in the European Economic Area.

The amount of tax credit is 10/90ths of the cash dividend, the tax credit referable to the second quarter 2010 interim dividend of US$0.42 (26.89p or EUR 0.3227) is US$0.05 (2.99p or EUR 0.0359) per ordinary share and the dividend and tax credit together amount to US$0.47 (29.88p or EUR 0.3586).

Dividend reinvestment plan

The Royal Bank of Scotland N.V. (“RBS”) and Equiniti each have established a dividend reinvestment facility which enables RDS shareholders to elect to have their dividend payments used to purchase RDS shares of the same class as those already held by them. The dividend reinvestment plans (the “DRIPs”) are provided by RBS in respect of shares held through Euroclear Nederland and by Equiniti in respect of all other shares (but not ADRs). DRIPs for the ADRs (both Class A ADRs and Class B ADRs) traded on the NYSE are available through The Bank of New York Mellon.

Enquiries about the DRIPs, including how to elect to participate and information about the reinvestment mechanisms under the respective plans should, in the case of shareholders holding through Euroclear Nederland, be directed to their bank or broker and in the case of all other shareholders (other than holders of ADRs) to Equiniti. Enquiries relating to the DRIPs for ADRs (both Class A ADRs and Class B ADRs) should be made to The Bank of New York Mellon.

Scrip dividend programme

At the 2010 Annual General Meeting of the Company, shareholders approved a resolution authorising the Directors to offer ordinary shareholders (excluding any shareholder holding shares as treasury shares) the right to choose to receive extra ordinary shares instead of some or all of the cash dividend or dividends which may be declared or paid at any time after the date of that meeting and prior to May 18, 2015 (the “Scrip Dividend Programme”).

The Board intends to introduce the Scrip Dividend Programme in relation to the third quarter 2010 financial results.

Shareholders will be provided with full details of its terms and conditions and how to participate in September 2010. Full details of the Scrip Dividend Programme will be made available on http://www.shell.com/dividend.

Revised timetable for the third quarter 2010 interim dividend

The Board advises shareholders that the timetable for the third quarter 2010 interim dividend has been revised as a result of the intended introduction of the Scrip Dividend Programme.

Revised intended timetable for the third quarter 2010 interim
dividend:

Announcement date October 28, 2010

Ex-dividend date November 3, 2010

Record date November 5, 2010

Scrip reference share price announcement date November 10, 2010

Closing of scrip election and currency election November 26, 2010

Pounds sterling and euro equivalents announcement December 3, 2010
date

Payment date December 17, 2010

The revised intended dividend timetable for the third quarter 2010 interim dividend is also available on http://www.shell.com/dividend.

Filed Under: International News Tagged With: Adr, adrs, american depository receipts, august 4, B Share, Ex Dividend, hague netherlands, interim dividend, Ordinary Shares, Pounds Sterling, PRNewswire, quarterly dividend, RDS, Royal Dutch Shell, Royal Dutch Shell Plc, Share Dividends, Share Holders, Shell Group, Sourced Income, Withholding Tax

Westmont Resources Directs Accounting Firm to Perform Audit on 92 Well Acquisition in the Chattanooga Basin; Westmont’s Management Currently Estimates the Potential and Probable Reserves Associated With This Acquisition to b

July 30, 2010 By vani Leave a Comment

SEATTLE, July 29 /PRNewswire-FirstCall/ — Westmont Resources, Inc. (OTC Bulletin Board: WMNS) (“Westmont”), is pleased to announce it is directing its auditors, Malone & Bailey (M&B) of Houston Texas, to perform an audit of Westmont’s previously announced acquisition of 92 oil and gas wells in the Chattanooga Basin. Westmont’s management currently estimates the potential and probable reserves associated with this acquisition to be valued in excess of $200 million.

Westmont is focused on “wringing value from” long-lived, low risk natural gas and oil properties. Currently the company’s efforts are primarily in the emerging Marcellus and Chattanooga Shale Plays in the Appalachian Basin and in the vicinity of other major oil company discovery wells. “Our current operations are centered on taking existing properties from others and creating more value from them for our shareholders. We specialize in applying cutting-edge technology to squeeze more oil out of mature basins. Its our core competence,” said Westmont’s incoming President, Glenn McQuiston

Malone & Bailey, based in Houston, is one of the most experienced public accounting firms in the oil & gas sector and has extensive experience and expertise with publicly traded companies. The firm is registered with the Public Company Accounting Oversight Board and is an independent member firm associated TIAG and MSNA.

The firm will perform their work under the direction of Marcie Corbin, Westmont’s Vice President for Corporate Development and Finance. “Both Marcie and I are very happy to have an experienced and very qualified firm to complete the audit of our acquisition of 92 wells in the Marcellus/Chattanooga shale basin,” said Mr. McQuiston. “We look forward to moving forward with our business integration and planned growth strategy of acquiring additional wells after timely completion of this work.

Ms. Corbin added: “An important component is the audit by Malone & Bailey which will include this transaction and enable us to account for the significant reserves which the management expect to be valued in excess of $200 million.”

About Westmont Resources

Westmont Resources is an independent natural resource and development company headquartered in Bellevue, Washington, with principal operations in the United State. Westmont’s business model emphasizes the acquisition and operation of existing producing assets, in the oil and gas industry. As new technologies expand both the exploration possibilities and production of oil and gas in the face of ever-rising demand, obtaining peak efficiency and production from existing aging wells becomes increasingly profitable. Westmont Resources is committed to significant growth as it pursues its strategy to combine and consolidate assets and companies in the oil and natural gas production and services sectors. For more information about Westmont Resources Inc, visit the company’s website at www.westmontresources.com

Safe Harbor Statement

This press release contains forward-looking statements regarding Westmont Resources Inc. within the meaning of Section 27A of the Securities Act of 1933 as amended, as such, may involve risks and uncertainties. Such statements are based on management’s current expectations and cannot be guaranteed. The forward-looking statements discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors affecting Westmont Resources Inc. Forward-looking statements speak only as of the date on which they are made and Westmont Resources Inc undertakes no obligation to publicly revise any forward-looking statement based on the result of new information, future events, or otherwise.

Filed Under: International News Tagged With: Accounting Oversight Board, Appalachian Basin, Chattanooga Shale, Core Competence, cutting edge technology, existing properties, gas sector, Gas Wells, incoming president, Independent Member, Marcellus, Mcquiston, Member Firm, Oil Properties, otc bulletin board, PRNewswire, Public Accounting Firms, Public Company Accounting Oversight Board, westmont, Wmns

Universal Insurance is First to Offer Free Identity Management to Policyholders in Puerto Rico

July 28, 2010 By vani Leave a Comment

SAN JUAN, Puerto Rico, July 27 /PRNewswire/ — Universal Insurance Company today announces that it will provide bilingual identity management services from Identity Theft 911 at no charge to its policyholders, becoming the first insurance company to do so in Puerto Rico.

(Logo: http://photos.prnewswire.com/prnh/20100727/SF40738LOGO)

(Logo: http://www.newscom.com/cgi-bin/prnh/20100727/SF40738LOGO)

(Logo: http://photos.prnewswire.com/prnh/20031122/SFSA001LOGO)

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Universal is taking the lead in combating Puerto Rico’s growing incidence of identity theft by extending to policyholders Identity Theft 911′s LifeStages services, which help protect and restore the identity of customers. Universal will provide these services free of charge under the name IDSafe™.

“Our policyholders need this protection at a time when identity theft is growing at an alarming rate,” said Monique Miranda, President and CEO of Universal Group, Inc. “Our partnership with Identity Theft 911 provides our policyholders the expertise of our strategic partner they can trust to assist them in resolving their case quickly and give them peace of mind.”

Universal’s partnership with Identity Theft 911 comes at a critical time for Puerto Ricans, whose birth certificates demonstrate U.S. citizenship and can be used to obtain fraudulent social services, driver’s licenses and passports.

“Universal is taking the lead in Puerto Rico by providing policyholders with our state-of-the-art prevention and protection services to keep its customers safe,” said Matt Cullina, chief executive officer of Identity Theft 911. “We’re excited to partner with a company that is coming up with a comprehensive solution for its customers at exactly the right time.”

Identity Theft 911′s bilingual fraud specialists service fraud victims, from the initial call for help until the case is resolved. We provide educational information and advice to help protect people from the loss of their identity and our bilingual fraud specialists service victims from the initial call for help.

About Universal Insurance Co.

Universal is Puerto Rico’s preferred insurance and financial services provider. For more than 30 years, it has offered insurance for individuals and businesses, remaining close to its customers as it expanded to offer investment assistance and other financial services. Universal continues to strengthen bridges between Puerto Rico and the United States, and has expanded its services to fast-growing regions of the U.S., For more information, visit www.universalpr.com.

About Identity Theft 911

A leader in identity theft and data breach management, resolution and education services serving more than 30 million people nationwide, Identity Theft 911 provides enterprise-level fraud solutions for a wide range of organizations—including Fortune 500 companies, the nation’s largest insurance companies, corporate benefit providers and banks and credit unions. For more information, visit www.identitytheft911.com and the Identity Theft 911 Knowledge Center at www.identitytheft911.org.

SOURCE Identity Theft 911

Filed Under: International News Tagged With: Alarming Rate, birth certificates, chief executive officer, Comprehensive Solution, critical time., First Insurance, fraud victims, insurance company, Lifestages, passports, peace of mind, policyholders, PRNewswire, Puerto Ricans, Puerto Rico San Juan, San Juan Puerto Rico, strategic partner, taking the lead, Universal Group, Universal Insurance

VASCO Reports Results for Second Quarter and First Six Months of 2010

July 28, 2010 By vani Leave a Comment

OAKBROOK TERRACE, Ill. and ZURICH, July 27 /PRNewswire-FirstCall/ — VASCO Data Security International, Inc. (Nasdaq: VDSI) (www.vasco.com), today reported financial results for the second quarter and six months ended June 30, 2010.

Revenue for the second quarter of 2010 increased 1% to $24.7 million from $24.5 million in the second quarter of 2009, and for the first six months of 2010, increased 2% to $48.7 million from $47.6 million for the first six months of 2009.

Net income for the second quarter of 2010 was $1.1 million, or $0.03 per diluted share, a decrease of $0.9 million, or 47%, from $2.0 million, or $0.05 per diluted share, for the second quarter of 2009. Net income for the first six months of 2010 was $1.7 million, or $0.04 per diluted share, a decrease of $3.8 million, or 70%, from $5.5 million, or $0.14 per diluted share, for the comparable period in 2009.

Other Financial Highlights:

— Gross profit was $17.4 million, or 70% of revenue, for the second
quarter of 2010 and $34.1 million, or 70% of revenue, for the first six
months of 2010. Gross profit was $16.7 million or 68% of revenue for
the second quarter of 2009 and $33.4 million, or 70% of revenue, for
the first six months of 2009.

— Operating expenses for the second quarter and first six months of
2010 were $15.9 million and $31.8 million, respectively, an increase of
3% from $15.4 million reported for the second quarter of 2009 and an
increase of 16% from $27.3 million reported for the first six months of
2009.

Operating expenses for the second quarter and first six months of
2010 included $0.6 million and $1.2 million, respectively, of expenses
related to stock-based incentives. Operating expenses for the second
quarter of 2009 included $0.4 million of expenses related to stock-
based incentives. For the first six months of 2009, operating expenses
reflected a benefit of $1.3 million related to stock-based incentives,
including the reversal in the first quarter of 2009 of $2.0 million of
long-term performance-based incentive award reserves that had been
accrued at December 31, 2008.

— Operating income for the second quarter and first six months of 2010
was $1.6 million and $2.3 million, respectively, an increase of $0.2
million, or 17%, from $1.4 million reported for the second quarter of
2009 and a decrease of $3.8 million, or 62%, from $6.1 million reported
for the first six months of 2009. Operating income, as a percentage of
revenue, for the second quarter and first six months of 2010 was 6% and
5%, respectively, compared to 6% and 13% for the comparable periods in
2009.

— Earnings before interest, taxes, depreciation and amortization
(EBITDA) was $2.2 million and $3.8 million for the second quarter and
first six months of 2010, respectively, a decrease of 31% from $3.2
million reported for the second quarter of 2009 and a decrease of 56%
from $8.5 million reported for the first six months of 2009.

— Net cash balances, cash balances less borrowing under VASCO’s line of
credit, at June 30, 2010 totaled $76.0 million compared to $76.1
million and $67.6 million at March 31, 2010 and December 31, 2009,
respectively.

Operational and Other Highlights:

— VASCO won 480 new customers in Q2 2010 (56 new banks and 424
new enterprise security customers). For the first six months of
2010, VASCO won 918 new customers (108 banks and 810 enterprise
security customers). Although management considers the number of
new customers as an indicator of the momentum of our business and
effectiveness of our distribution channel, the number of new
customers is not indicative of future revenue.

— VASCO enhances its presence in the Australian and New Zealand
market by partnering with Westcon Group.

— The Ohio Housing Finance Agency (OHFA) chooses VASCO’s DIGIPASS
for Web to secure its Lender Online application.

— VASCO announces a secure solution for document viewing. VASCO
has incorporated its VACMAN Controller authentication technology
with Adobe(R) LiveCycle(R) Rights Management Enterprise Suite 2
(ES2), offering a secure solution for documents that need to be
accessed over the Internet.

— VASCO announces new members of the DIGIPASS Pack family:
DIGIPASS Pack for Remote Authentication Gold and Platinum
Edition, which are based on IDENTIKEY(R) Server software, VASCO’s
comprehensive authentication server, with DIGIPASS(R) GO6
authenticators. Both packs are total solutions for strong user
authentication in a box.

— VASCO launches DIGIPASS for Windows. DIGIPASS for Windows
adds strong authentication to secure networks and applications
without using hardware-based devices or mobile phones as client
authentication platforms.

— VASCO launches IDENTIKEY Server Banking Edition; IDENTIKEY
supports EMV-CAP based and Hardware Security Module (HSM) based
authentication.

— VASCO launches DIGIPASS Pack for Remote Authentication
including DIGIPASS for Mobile. The new packs include DIGIPASS
for Mobile licenses, enabling the use of a mobile phone as an
authentication device.

— VASCO’s aXsGUARD Gatekeeper offers PKI and SSL-VPN client
support.

Guidance for full-year 2010:

VASCO is revising its guidance for the full-year 2010 as follows:

— Revenue growth of 5% to 10% for the full-year 2010 over full-year
2009, down from 15% to 20% announced at the end of the first quarter of
2010, and

— Operating margin as a percentage of revenue for full-year 2010 is
projected to be in the range of 5% to 10%, no change from guidance
previously announced.

“While discussions with customers, both existing and new, regarding potential new projects remained strong, the number of units shipped in the second quarter of 2010 fell short of our expectations,” stated T. Kendall Hunt, Chairman & CEO. “The shortfall was primarily in the European banking market where the recovery is progressing more slowly than we had expected. Revenue growth in the second quarter from banking markets outside of Europe, as well as the growth in our enterprise security business, however, continued to meet our expectations. We also made good progress in the development of new products and in the preparation for the launch of our authentication services product line.”

“Based on both the number and size of new projects being discussed, as well as the number of proposals we have tentatively won pending the completion of purchase agreements, we remain confident that growth will return in the banking market and we expect to see an increase in deliveries in late 2010 or early 2011,” said Jan Valcke, VASCO’s President and COO. “We continue to invest aggressively in new people, products and the infrastructure needed to support our anticipated future growth.”

Cliff Bown, Executive Vice President and CFO added, “During the second quarter of 2010 our balance sheet continued to show strength. Despite the weakening of the Euro against the U.S. Dollar, our net cash and working capital balances remained relatively constant as compared with our balances at the end of the first quarter. At the end of the second quarter, our net cash balance was $76.0 million and compares to $76.1 million and $67.6 million at March 31, 2010 and December 31, 2009, respectively. Our working capital at June 30, 2010 was $83.7 million and compares to $86.3 million and $87.6 million at March 31, 2010 and December 31, 2009, respectively. Days sales outstanding in net accounts receivable at June 30, 2010 decreased to 71 days from 83 days at March 31, 2010.

Conference Call Details

In conjunction with this announcement, VASCO Data Security International, Inc. will host a conference call today, July 27, 2010, at 10:00 a.m. EDT – 16:00h CET. During the conference call, Mr. Ken Hunt, CEO, Mr. Jan Valcke, President and COO, and Mr. Cliff Bown, CFO, will discuss VASCO’s results for the second quarter and first six months ended June 30, 2010.

To participate in this conference call, please dial one of the following numbers:

USA/Canada: +1 800-747-0367

International: +1 212-231-2937

And mention VASCO to be connected to the conference call.

The conference call is also available in listen-only mode on www.vasco.com. Please log on 15 minutes before the start of the conference call in order to download and install any necessary software. The recorded version of the conference call will be available on the VASCO website 24 hours a day for approximately 60 days after the call.

VASCO Data Security International, Inc.

CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per share data)

(unaudited)

Three months ended

Six months ended

June 30,

2010

2009

2010

2009

Net revenue

$ 24,742

$ 24,458

$ 48,656

$ 47,633

Cost of goods sold

7,306

7,746

14,532

14,224

Gross profit

17,436

16,712

34,124

33,409

Operating costs:

Sales and marketing

7,727

8,033

15,656

15,092

Research and development

3,327

3,017

6,598

5,461

General and administrative

4,698

4,200

9,347

6,565

Amortization of purchased intangible assets

108

110

223

217

Total operating costs

15,860

15,360

31,824

27,335

Operating income

1,576

1,352

2,300

6,074

Interest income, net

165

134

308

Other income (expense), net

142

1,206

202

958

Income before income taxes

1,781

2,723

2,636

7,340

Provision for income taxes

696

681

978

1,835

Net income

$ 1,085

$ 2,042

$ 1,658

$ 5,505

Net income per share:

Basic

$ 0.03

$ 0.05

$ 0.04

$ 0.15

Diluted

$ 0.03

$ 0.05

$ 0.04

$ 0.14

Weighted average common shares outstanding:

Basic

37,404

37,322

37,400

37,315

Diluted

38,201

38,091

38,242

38,056

See accompanying notes to consolidated financial statements.

VASCO Data Security International, Inc.

CONSOLIDATED BALANCE SHEETS

(in thousands, except per share data)

June 30,

December 31,

2010

2009

ASSETS

(unaudited)

Current assets:

Cash and equivalents

$ 75,993

$ 67,601

Accounts receivable, net of allowance for doubtful accounts

19,184

30,400

Inventories

8,261

9,015

Prepaid expenses

1,288

1,588

Foreign sales tax receivable

792

1,086

Deferred income taxes

442

563

Other current assets

280

632

Total current assets

106,240

110,885

Property and equipment, net

4,660

5,189

Goodwill

11,765

13,813

Intangible assets, net of accumulated amortization

1,547

1,797

Other assets

1,032

1,040

Total assets

$ 125,244

$ 132,724

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current liabilities:

Accounts payable

3,744

$ 4,505

Deferred revenue

6,879

7,188

Accrued wages and payroll taxes

4,324

5,178

Income taxes payable

2,894

3,097

Other accrued expenses

4,666

3,285

Total current liabilities

22,507

23,253

Deferred compensation

892

490

Deferred revenue

277

Deferred tax liability

245

328

Total liabilities

23,737

24,348

Stockholders’ equity :

Common stock

Additional paid-in capital

68,128

67,371

Accumulated income

38,376

36,718

Accumulated other comprehensive income

(5,034)

4,250

Total stockholders’ equity

101,507

108,376

Total liabilities and stockholders’ equity

$ 125,244

$ 132,724

Reconciliation of Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA)
to net income (in thousands):

Three months

Six months

ended June 30,

2010

2009

2010

2009

(in thousands, unaudited)

EBITDA

$ 2,248

$ 3,235

$ 3,764

$ 8,537

Interest income, net

165

134

308

Provision for income taxes

(696)

(681)

(978)

(1,835)

Depreciation and amortization

(530)

(677)

(1,262)

(1,505)

Net income

$ 1,085

$ 2,042

$ 1,658

$ 5,505

EBITDA is a non-GAAP financial measure within the meaning of applicable U.S. Securities and Exchange Commission rules and regulations. We use EBITDA as a measure of performance, a simplified tool for use in communicating our performance to investors and analysts and for comparisons to other companies within our industry. As a performance measure, we believe that EBITDA presents a view of our operating results that is most closely related to serving our customers. By excluding interest, taxes, depreciation and amortization we are able to evaluate performance without considering decisions that, in most cases, are not directly related to meeting our customers’ requirements and were either made in prior periods (e.g., depreciation and amortization), or deal with the structure or financing of the business (e.g., interest) or reflect the application of regulations that are outside of the control of our management team (e.g., taxes). Similarly, we find that the comparison of our results to those of our competitors is facilitated when we do not need to consider the impact of those items on our competitors’ results.

EBITDA should be considered in addition to, but not as a substitute for, other measures of financial performance reported in accordance with accounting principles generally accepted in the United States. While we believe that EBITDA, as defined above, is useful within the context described above, it is in fact incomplete and not a measure that should be used to evaluate our full performance or our prospects. Such an evaluation needs to consider all of the complexities associated with our business including, but not limited to, how past actions are affecting current results and how they may affect future results, how we have chosen to finance the business and how regulations and the other aforementioned items affect the final amounts that are or will be available to shareholders as a return on their investment. Net income determined in accordance with U.S. GAAP is the most complete measure available today to evaluate all elements of our performance. Similarly, our Consolidated Statement of Cash Flows, which will be filed as part of our annual report on Form 10-K, provides the full accounting for how we have decided to use resources provided to us from our customers, lenders and shareholders.

About VASCO:

VASCO is a leading supplier of strong authentication and e-signature solutions and services specializing in Internet security applications and transactions. VASCO has positioned itself as global software company for Internet security serving a customer base of approximately 10,000 companies in more than 100 countries, including approximately 1,500 international financial institutions. VASCO’s prime markets are the financial sector, enterprise security, e-commerce and e-government.

Forward Looking Statements:

Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement containing words such as “believe,” “anticipate,” “plan,” “expect,” “intend,” “mean,” “potential” and similar words, is forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements.

Reference is made to the VASCO’s public filings with the U.S. Securities and Exchange Commission for further information regarding VASCO and its operations.

This document may contain trademarks of VASCO Data Security International, Inc. and its subsidiaries, including VASCO, the VASCO “V” design, DIGIPASS, VACMAN, aXsGUARD and IDENTIKEY.

For more information contact:

Jochem Binst, +32 2 609 97 00, jbinst@vasco.com

Filed Under: International News Tagged With: 5 million, 6 million, comparable period, diluted share, firstcall, Gross Profit, incentives, Months Ended June, nasdaq, net income, Oakbrook Terrace, operating expenses, PRNewswire, second quarter, six months, Vasco Data Security, Vasco Data Security International, Vasco Data Security International Inc, Vdsi, zurich

SAP Completes Tender Offer for Shares of Sybase, Inc.

July 28, 2010 By vani Leave a Comment

WALLDORF, Germany, July 27 /PRNewswire-FirstCall/ — SAP AG (NYSE: SAP) today announced the completion of the cash tender offer for all outstanding shares of common stock of Sybase, Inc., by Sheffield Acquisition Corp., a wholly-owned subsidiary of SAP, which expired at 9:00 p.m., New York City time on Monday, July 26, 2010. American Stock Transfer & Trust Company, LLC, the depositary for the tender offer, has indicated that, as of the expiration of the tender offer 80,929,717 shares of common stock of Sybase had been tendered into and not properly withdrawn from the tender offer (including 9,293,901 shares of common stock tendered pursuant to the guaranteed delivery procedures). These shares represent approximately 92.1% percent of Sybase’s outstanding shares of common stock, or 91.8% percent on a fully diluted basis (as determined pursuant to the previously announced merger agreement between SAP America, Sheffield Acquisition Corp. and Sybase). All Sybase shares that were validly tendered into the offer and not properly withdrawn have been accepted for payment.

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SAP also announced that it intends to effect a short-form merger under Delaware law as promptly as practicable, without the need for a meeting of Sybase stockholders. As a result of the merger, the remaining Sybase stockholders (other than those who properly exercise appraisal rights under Delaware law) will receive the same $65.00 per share price, without interest and subject to any required withholding of taxes, that was paid in the tender offer. After the merger, Sybase will be a wholly owned subsidiary of SAP America, and Sybase shares will cease to be traded on the NYSE.

About SAP

SAP is the world’s leading provider of business software(*), offering applications and services that enable companies of all sizes and in more than 25 industries to become best-run businesses. With more than 102,500 customers in over 120 countries, the company is listed on several exchanges, including the Frankfurt stock exchange and NYSE, under the symbol “SAP.” For more information, visit www.sap.com.

(*) SAP defines business software as comprising enterprise resource planning, business intelligence, and related applications.

Additional Information and Where to Find It

This press release is neither an offer to purchase nor a solicitation of an offer to sell securities. The tender offer is being made pursuant to a tender offer statement (including an offer to purchase, letter of transmittal and related tender offer documents), which was filed by SAP, SAP America, Inc. and Sheffield Acquisition Corp. with the U.S. Securities and Exchange Commission (the “SEC”) on May 26, 2010. In addition, on May 26, 2010, Sybase filed a solicitation/recommendation statement on Schedule 14D-9 with the SEC related to the tender offer. Stockholders of Sybase are strongly advised to read the tender offer statement and the related solicitation/recommendation statement, and all amendment thereto, because they contain important information that stockholders should consider before making any decision regarding tendering their shares. The tender offer statement and certain other offer documents, as well as the solicitation/recommendation statement, will be made available to all stockholders of Sybase at no expense to them. These documents are available at no charge on the SEC’s website at www.sec.gov. The tender offer statement and related materials may be obtained for free by directing a request by mail to the information agent for the tender offer, Mackenzie Partners, Inc., 105 Madison Avenue, New York, New York 10016 or by calling toll-free (800) 322-2885.

Follow SAP on Twitter at @sapnews.

For more information, press only:

Christoph Liedtke, SAP, +49 (6227) 7-50383, christoph.liedtke@sap.com, CET

Jim Dever, SAP, +1 (610) 661-2161, james.dever@sap.com, EDT

Mark Wilson, Sybase, +1 (925) 236-4891, mark.wilson@sybase.com, PDT

For more information, financial community only:

Stefan Gruber, SAP, +49 (6227) 7-44872, investor@sap.com, CET

Martin Cohen, SAP, +1 (212) 653-9619, investor@sap.com, EDT

Charlie Chen, Sybase, +1 (925) 236-6015, charlie@sybase.com, PDT

Forward-Looking Statements

This release contains forward-looking statements that involve risks and uncertainties concerning the parties’ ability to close the transaction. Actual events or results may differ materially from those described in this release due to a number of risks and uncertainties. These potential risks and uncertainties include, among others, the outcome of regulatory reviews of the proposed transaction and the ability of the parties to complete the transaction. Sybase is not obligated to update these forward-looking statements to reflect events or circumstances after the date of this document.

Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. 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 relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP’s future financial results are discussed more fully in SAP’s filings with the U.S. Securities and Exchange Commission (“SEC”), including SAP’s most recent Annual Report on Form 20-F filed with the SEC. Statements regarding the expected date of closing of the merger are forward-looking statements and are subject to risks and uncertainties. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.

SAP, R/3, mySAP, mySAP.com, xApps, xApp, SAP NetWeaver and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries all over the world. All other product and service names mentioned are the trademarks of their respective companies. Data contained in this document serve informational purposes only. National product specifications may vary.

SOURCE SAP AG

Filed Under: International News Tagged With: American Stock Transfer, cash tender, city time, common stock, Company Llc, Delaware Law, Delivery Procedures, Depositary, Merger Acquisition, Merger Agreement, Outstanding Shares, PRNewswire, sap ag, Sap America, Share Price, stockholders, Sybase Inc, Tender Offer, Trust Company, Walldorf Germany

Allscripts Amends Framework Agreement With Misys to Reduce the Size of Planned Secondary Offering

July 28, 2010 By vani Leave a Comment

CHICAGO, July 27 /PRNewswire-FirstCall/ — Allscripts (Nasdaq: MDRX), the leading provider of clinical software, information and connectivity solutions for physicians, and Eclipsys (Nasdaq: ECLP), a leading enterprise provider of solutions and services for hospitals and clinicians, today announced that Allscripts has amended its June 9, 2010 Framework Agreement with Misys plc (LSE: MSY) (Misys) to reduce the minimum size of the secondary offering of Allscripts shares from 36 million shares to 25 million shares.

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The reduction in the size of the secondary offering is contingent on approval by Allscripts and Eclipsys stockholders of the merger proposals being submitted to the shareholders of each company at meetings scheduled for August 13, 2010. All other financial terms of the June 9, 2010 Framework Agreement remain unchanged.

Glen Tullman, Chief Executive Officer of Allscripts, said, “We believe the amendment provides greater certainty in advance of closing the proposed merger with Eclipsys. The combination of Allscripts and Eclipsys represents an opportunity to deliver value to shareholders, and we continue to believe that the combined company will be uniquely positioned in the healthcare information technology space.”

In a separate announcement, Misys today announced that it has been informed by ValueAct Capital, its 25.7% shareholder, that ValueAct intends to participate as a purchaser in the placing of Allscripts shares. Specifically, ValueAct has informed Misys in writing that it intends to submit an order to the book runners for 5 million Allscripts shares at a price of $16.50. At prices above $16.50, ValueAct may adjust the number of shares it purchases.

Tullman commented, “We are pleased that ValueAct Capital has indicated its intention to participate in the secondary offering and believe that this action underscores the strategic merit and compelling value of the proposed combination for our investors.”

Allscripts and Eclipsys are also confirming that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 for the merger expired at 11:59 pm Eastern time on July 26, 2010.

About Allscripts

Allscripts uses innovation technology to bring health to healthcare. More than 160,000 physicians, 800 hospitals and nearly 10,000 post-acute and homecare organizations utilize Allscripts to improve the health of their patients and their bottom line. The company’s award-winning solutions include electronic health records, electronic prescribing, revenue cycle management, practice management, document management, care management, emergency department information systems and homecare automation. Allscripts is the brand name of Allscripts-Misys Healthcare Solutions, Inc. To learn more, visit www.allscripts.com.

About Eclipsys

Eclipsys is a leading provider of advanced integrated clinical, revenue cycle and performance management software, clinical content and professional services that help healthcare organizations improve clinical, financial and operational outcomes. For more information, see www.eclipsys.com.

Cautionary Statement

Allscripts has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (“SEC”) for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents Allscripts has filed with the SEC for more complete information about Allscripts and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, Allscripts will arrange to send you the prospectus if you request it by calling collect 312-506-1230.

Important Information for Investors and Stockholders

This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval. This communication is being made in respect of the proposed merger transaction involving Allscripts-Misys Healthcare Solutions, Inc. (“Allscripts”) and Eclipsys Corporation (“Eclipsys”). In connection with the proposed transaction, Allscripts and Eclipsys have each filed with the SEC a definitive joint proxy statement, which also constitutes a prospectus of Allscripts and an information statement for Allscripts’ stockholders. Allscripts and Eclipsys have each mailed the definitive joint proxy statement/prospectus/information statement to their respective stockholders on or about July 15, 2010. BEFORE MAKING ANY VOTING OR INVESTMENT DECISION, INVESTORS AND STOCKHOLDERS ARE URGED TO READ CAREFULLY IN THEIR ENTIRETY THE DEFINITIVE JOINT PROXY STATEMENT/PROSPECTUS/ INFORMATION STATEMENT REGARDING THE PROPOSED TRANSACTION, AND ANY OTHER RELEVANT DOCUMENTS FILED BY EITHER ALLSCRIPTS OR ECLIPSYS WITH THE SEC WHEN THEY BECOME AVAILABLE, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. Investors and stockholders of Allscripts and Eclipsys may obtain a free copy of the definitive joint proxy statement/prospectus/information statement, as well as other filings containing information about Allscripts and Eclipsys, without charge, at the website maintained by the SEC (http://www.sec.gov). Copies of the definitive joint proxy statement/prospectus/information statement and the filings with the SEC that are incorporated by reference in the definitive joint proxy statement/prospectus/information statement can also be obtained, without charge, on the investor relations portion of Allscripts’ website (www.allscripts.com) or the investor relations portion of Eclipsys’ website (www.eclipsys.com) or by directing a request to Allscripts’ Investor Relations Department at 222 Merchandise Mart Plaza, Suite 2024, Chicago, Illinois 60654, or to Eclipsys’ Investor Relations Department at Three Ravinia Drive, Atlanta, Georgia 30346.

Allscripts and its directors and executive officers and other persons may be deemed to be participants in the solicitation of proxies in respect of the proposed transaction. Information regarding Allscripts’ directors and executive officers is available in Allscripts’ proxy statement for its 2009 annual meeting of stockholders and Allscripts’ Annual Report on Form 10-K for the year ended May 31, 2009, which were filed with the SEC on August 27, 2009 and July 30, 2009, respectively. Eclipsys and its directors and executive officers and other persons may be deemed to be participants in the solicitation of proxies in respect of the proposed transaction. Information regarding Eclipsys’ directors and executive officers is available in Eclipsys’ proxy statement for its 2010 annual meeting of stockholders and Eclipsys’ Annual Report on Form 10-K for the year ended December 31, 2009, which were filed with the SEC on March 26, 2010 and February 25, 2010, respectively. Investors and stockholders can obtain free copies of these documents from Allscripts and Eclipsys using the contact information above. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, are contained in the definitive joint proxy statement/prospectus/information statement and other relevant materials that have been filed with the SEC.

Forward-Looking Statements

This communication contains forward-looking statements within the meaning of the federal securities laws. Statements regarding the proposed merger between Eclipsys and Allscripts, the respective stockholder meetings of Eclipsys and Allscripts with respect to the approval of the proposed merger, the proposed total number of shares to be sold, the per share price of such shares, and purchasers in, the secondary offering of Allscripts shares, the anticipated benefits of the proposed transaction, including future financial and operating results, the strategic opportunities available to the combined company, the combined company’s plans, objectives, expectations and intentions, platform and product integration, the connection and movement of data among hospitals, physicians, patients and others, merger synergies and cost savings, client attainment of “meaningful use” and accessibility of federal stimulus payments, enhanced competitiveness and accessing new client opportunities, market evolution, the benefits of the combined companies’ products and services, the availability of financing, future events, developments, future performance, as well as management’s expectations, beliefs, intentions, plans, estimates or projections relating to the future are forward-looking statements within the meaning of these laws. These forward-looking statements are subject to a number of risks and uncertainties, some of which are outlined below. As a result, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what impact they will have on the results of operations or financial condition of Allscripts, Eclipsys or the combined company or the proposed transaction.

Such risks, uncertainties and other factors include, among other things: any conditions or contingencies imposed in connection with the proposed merger; the ability to obtain governmental approvals of the merger on the proposed terms and schedule contemplated by the parties; the failure of Eclipsys’ stockholders to approve the merger agreement; the failure of Allscripts’ stockholders to approve the issuance of shares in the merger; the possibility that Eclipsys and/or the Allscripts stockholder meetings could be delayed as a result of pending litigation; the possibility that the proposed transaction does not close, including due to the failure to satisfy the closing conditions; the market factors that could affect the total number of shares and the per share price of the shares sold in the secondary offering of Allscripts shares; the failure of ValueAct Capital to purchase shares of Allscripts in the secondary offering; the possibility that the expected synergies, efficiencies and cost savings of the proposed transaction will not be realized, or will not be realized within the expected time period; potential difficulties or delays in achieving platform and product integration and the connection and movement of data among hospitals, physicians, patients and others; the risk that the contemplated financing is unavailable; the risk that the Allscripts and Eclipsys businesses will not be integrated successfully; disruption from the proposed transaction making it more difficult to maintain business and operational relationships; competition within the industries in which Allscripts and Eclipsys operate; failure to achieve certification under the Health Information Technology for Economic and Clinical Health Act could result in increased development costs, a breach of some customer obligations and could put Allscripts and Eclipsys at a competitive disadvantage in the marketplace; unexpected requirements to achieve interoperability certification pursuant to the Certification Commission for Healthcare Information Technology could result in increased development and other costs for Allscripts and Eclipsys; the volume and timing of systems sales and installations, the length of sales cycles and the installation process and the possibility that Allscripts’ and Eclipsys’ products will not achieve or sustain market acceptance; the timing, cost and success or failure of new product and service introductions, development and product upgrade releases; competitive pressures including product offerings, pricing and promotional activities; Allscripts’ and Eclipsys’ ability to establish and maintain strategic relationships; undetected errors or similar problems in Allscripts’ and Eclipsys’ software products; the outcome of any legal proceeding that has been or may be instituted against Allscripts, Misys plc or Eclipsys and others; compliance with existing laws, regulations and industry initiatives and future changes in laws or regulations in the healthcare industry, including possible regulation of Allscripts’ and Eclipsys’ software by the U.S. Food and Drug Administration; the possibility of product-related liabilities; Allscripts’ and Eclipsys’ ability to attract and retain qualified personnel; the implementation and speed of acceptance of the electronic record provisions of the American Recovery and Reinvestment Act of 2009; maintaining Allscripts’ and Eclipsys’ intellectual property rights and litigation involving intellectual property rights; risks related to third-party suppliers and Allscripts’ and Eclipsys’ ability to obtain, use or successfully integrate third-party licensed technology; and breach of Allscripts’ or Eclipsys’ security by third parties. See Allscripts’ and Eclipsys’ Annual Reports on Form 10-K and Annual Reports to Stockholders for the fiscal years ended May 31, 2009 and December 31, 2009, respectively, the definitive joint proxy statement/prospectus/information statement mailed by Allscripts and Eclipsys to their respective stockholders on or about July 15, 2010, and other public filings with the SEC for a further discussion of these and other risks and uncertainties applicable to Allscripts’ and Eclipsys’ respective businesses. The statements herein speak only as of their date and neither Allscripts nor Eclipsys undertakes any duty to update any forward-looking statement whether as a result of new information, future events or changes in their respective expectations.

Filed Under: International News Tagged With: Allscripts, chief executive officer, Clinical Software, Combined Company, Connectivity Solutions, Eclipsys, firstcall, Framework Agreement, Healthcare Information Technology, Lse, Merger Proposals, Misys Plc, Msy, nasdaq, PRNewswire, Purchaser, Secondary Offering, stockholders, technology space, today announced that

Bayer Implements Global IT Strategy With SAP

July 28, 2010 By vani Leave a Comment

WALLDORF, Germany, July 27 /PRNewswire-FirstCall/ — Bayer, one of the world’s leading companies in the areas of health, nutrition and high-grade synthetic materials, has finalized a global enterprise agreement (GEA) with SAP AG (NYSE: SAP). With this agreement, the two companies will focus on supporting Bayer’s IT strategy based on the comprehensive, long-term deployment of standardized SAP® solutions across Bayer’s worldwide operations. Global enterprise agreements such as this five-year GEA with Bayer are targeted toward large enterprises that choose SAP as their preferred software provider.

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Under this agreement, SAP will support close collaboration in the globally standardized implementation of SAP business applications at Bayer. A fully unified, global IT strategy is of central importance to Bayer in order to increase market share and profitability in an environment of global supply chains and a high degree of international competitive pressure. Moreover, Bayer wants to profit in the future from reduced operational costs by means of a scalable and efficient software landscape within the company.

The GEA encompasses software, maintenance and strategic consulting services as well as customer-tailored, on-site support through the SAP® MaxAttention™ support option. As part of the agreement, Bayer can call upon SAP solutions, technologies and services as needed at any time, thereby accelerating the global implementation of integrated business applications by means of simplified acquisition procedures.

Under the GEA, Bayer will primarily rely on SAP software for IT processes, which underscores the great strategic significance of SAP for the company’s IT. The close partnership between these two companies has existed since 1984. As part of a developer partnership agreement in 2000, SAP became Bayer’s most important strategic software partner.

About SAP

(*) SAP defines business software as comprising enterprise resource planning, business intelligence, and related applications.

Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. 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 relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP’s future financial results are discussed more fully in SAP’s filings with the U.S. Securities and Exchange Commission (“SEC”), including SAP’s most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.

Follow SAP on Twitter at @sapnews.

For customers interested in learning more about SAP products:

Global Customer Center: +49 180 534-34-24

United States Only: 1 (800) 872-1SAP (1-800-872-1727)

For more information, press only:

Guenter Gaugler, +49 (0) 62 27-76 54 16, guenter.gaugler@sap.com, CET

Dorit Shackleton, (604) 974-2444, dorit.shackleton@sap.com, PDT

SAP Press Office, +49 (6227) 7-46315, CET; +1 (610) 661-3200, EDT; press@sap.com

Christoph Weissthaner, Burson-Marsteller, +49 69 238 09-13, christoph.weissthaner@bm.com, CET

Becca Hatton, Burson-Marsteller, (202) 530-4568, becca.hatton@bm.com, EDT

Filed Under: International News Tagged With: Developer Partnership, Efficient Software, Enterprise Agreement, Global Enterprise, Global Implementation, Global Supply Chains, Health Nutrition, Partnership Agreement, Preferred Software, PRNewswire, sap ag, Sap Software, Sap Solutions, Sap Walldorf, Simplified Acquisition Procedures, Software Landscape, Strategic Consulting Services, Support Option, Term Deployment, Worldwide Operations

Sony Computer Entertainment to Introduce PlayStation® ‘Logo Licensing Program’

July 28, 2010 By vani Leave a Comment

TOKYO, July 27 /PRNewswire/ — Sony Computer Entertainment Inc. (SCE) today announced the introduction of PlayStation® “Logo Licensing Program” targeted for variety of lifestyle products from apparel to everyday items as part of the Official Licensing Program.

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Licensees who enter into an agreement with SCE through the “Logo Licensing Program” will be able to design their product using the PlayStation logos and or the iconic marks. The program is applicable to a variety of lifestyle products such as apparel, accessories, house wares and more. Furthermore, SCE will provide “Official Licensed Product logo” to be used on product packages, proving that the products comply with the guideline and have been approved by SCE. Further details on the “Logo Licensing Program” are available on the official site (http://www.scei.co.jp/olp/index_e.html). With the help of third party companies, SCE will enrich the licensed product line-up and deliver various quality lifestyle products that will make the PlayStation brand more accessible than ever.

The Official Licensing Program for PlayStation peripherals and accessories was introduced in June 2009 and has contributed to delivering a richer PlayStation experience to users by offering more than 123 items from 45 licensees* who have joined the program. With this new initiative, SCE will further expand the Official License Program and continue the strategy to vigorously promote various measures for PlayStation.

* Numbers as of June 2010.

About Sony Computer Entertainment Inc.

Recognized as the global leader and company responsible for the progression of consumer-based computer entertainment, Sony Computer Entertainment Inc. (SCEI) manufacturers, distributes and markets the PlayStation® game console, the PlayStation®2 computer entertainment system, the PSP® (PlayStation®Portable) handheld entertainment system and the PLAYSTATION®3 (PS3®) system. PlayStation has revolutionized home entertainment by introducing advanced 3D graphic processing, and PlayStation 2 further enhances the PlayStation legacy as the core of home networked entertainment. PSP is a handheld entertainment system that allows users to enjoy 3D games, with high-quality full-motion video, and high-fidelity stereo audio. PS3 is an advanced computer system, incorporating the state-of-the-art Cell processor with super computer like power. SCEI, along with its subsidiary divisions Sony Computer Entertainment America Inc., Sony Computer Entertainment Europe Ltd., and Sony Computer Entertainment Korea Inc. develops, publishes, markets and distributes software, and manages the third party licensing programs for these platforms in the respective markets worldwide. Headquartered in Tokyo, Japan, Sony Computer Entertainment Inc. is an independent business unit of the Sony Group.

PlayStation is a registered trademark of Sony Computer Entertainment Inc. All other trademarks are property of their respective owners.

SOURCE Sony Computer Entertainment Inc.

Filed Under: International News Tagged With: Apparel Accessories, Computer Entertainment System, global leader, House Wares, licensees, lifestyle products, Olp, playstation 2, Playstation Brand, Playstation Game, Playstation Logos, PRNewswire, Product Logo, Program Logo, Quality Lifestyle, Sce, Scei, sony computer entertainment, Sony Computer Entertainment Inc, Sony Playstation

Wholesale Applications Community Accelerates Delivery of Open Applications Platform

July 28, 2010 By vani Leave a Comment

LONDON, July 27, 2010 /PRNewswire/ –

- WAC Announces Company Formation, Leadership, Board and Business Models;

- Agrees to Join Forces with Joint Innovation Lab (JIL)

The Wholesale Applications Community (WAC), an alliance of telecommunications companies committed to building an open applications platform, today announced its formation as a corporate entity, as well as the organisation’s leadership and board of directors. The company also announced that it will join forces with the Joint Innovation Lab (JIL), accelerating the commercial launch of WAC-enabled application stores. The transaction is expected to be completed in September 2010. Finally, WAC outlined the business models and technology evolution path that will enable developers, operators and other commercial organisations to monetise applications and services.

Peters Suh has been named the CEO of the Wholesale Applications Community. Most recently Peters was the CEO of the Joint Innovation Lab (JIL), a joint venture between China Mobile, SOFTBANK MOBILE, Verizon Wireless, and Vodafone. Prior to JIL, Peters held a number of executive positions at Vodafone, Fremont Communications and AirTouch.

“Today the Wholesale Applications Community comes into being as an established company, and this is a hugely exciting time for everyone involved in the organisation,” commented Suh. “Our goal is to create a wholesale applications ecosystem that will establish a simple route to market for developers to deliver the latest innovative applications and services to the widest possible base of customers around the world. We’re focused on establishing WAC as the first choice for brands and developers in the mobile ecosystem, ultimately delivering greater choice and value for the end user, the consumer.”

The company announced that Michel Combes, Vodafone Chief Executive Europe has been elected Chairman of the Wholesale Applications Community, and Jean-Philippe Vanot, Deputy CEO, France Telecom has been named as Vice Chairman.

In addition to Combes and Vanot, the WAC board of directors includes:

– John Donovan, CTO, AT&T

– Li Zhengmao, VP, China Mobile

– Olivier Baujard, CTO Deutsche Telekom

– Alex Sinclair, Chief Strategy and Technology Officer, GSMA

– Dr Hyun-Myung PYO, President of Mobile Business Group, KT Corporation

– Dr Kiyohito Nagata, SVP, NTT DOCOMO

– Sung Min Ha, President Mobile Network Operation Business Unit, SK
Telecom

– Napoleon Nazareno, President and CEO, Smart Communications

– Tetsuzo Matsumoto, Senior Executive Vice President, SOFTBANK MOBILE
Corp.

– Marco Patuano, Head of Domestic Market Operations, Telecom Italia

– Vivek Dev, Group Director of Global New Services, Telefonica

– Dr. Hannes Ametsreiter, CEO, Telekom Austria Group

– Morten-Karlsen Sorby, EVP and Head of Corporate Development, Telenor

– Dick Lynch, EVP and CTO, Verizon

Business Models to Enable Monetisation Across the Ecosystem

At launch, WAC will allow operators to distribute applications through their respective application storefronts and charge users through their existing phone bill. In this model, developers will set the application price and will receive a revenue share for the transaction. The revenue share will be defined on an operator-by-operator basis. This will ensure that revenue shares will be competitive in today’s application market. WAC is a not-for-profit organisation and will receive a small transaction fee for each application to cover its operating costs.

In the future, WAC will offer business models that enable additional purchases from within an application; leverage network capabilities, such as location, to enhance an application; and facilitate the serving of advertisements to end users.

“Developers will see great benefit in a single process through which they can create, distribute and profit from their applications on multiple retail outlets,” said John Delaney, Research Director for Consumer Mobile with industry analysts IDC. “Unification with JIL will prove a significant boost for the Wholesale Application Community’s efforts to achieve a global, open development platform.”

WAC Specification and SDK Available in November WAC will publish its initial specification and components of its SDK to developers in November. This specification will be based on W3C standards and create a strong platform for developing rich mobile web applications. WAC will also provide backwards compatibility for devices based upon the current JIL and BONDI specifications. Details of the developer roadmap and a preview of the WAC specifications will be available in September.

Developers currently creating JIL applications can continue working with the existing JIL specification, tools and software libraries and these applications can be deployed on JIL based devices immediately. With the publication of the WAC specification, developers will also have a clear path to deploy applications on a wider range of devices supporting the WAC specification in 2011.

“Today’s announcement that we are bringing together the innovation and leadership of WAC and JIL to form a combined entity marks a great step forward in our goal to provide a truly unified and open applications environment,” said Michel Combes, Chairman of the Wholesale Applications Community. “I am honoured to have been elected chairman of WAC and look forward to serving with our distinguished board and company leadership to turn this vision into reality.”

Editors notes:

Michel Combes, Vodafone Chief Executive Europe and Chairman of the Wholesale Applications Community, and Jean-Philippe Vanot, Deputy CEO, France Telecom and Vice Chairman of WAC will join WAC management on a webinar today at 2pm UTC/ 3pm BST to discuss their commitment to the success of the WAC initiative. For dial in and webinar details, please contact Phil Rawcliffe on press@wholesaleappcommunity.com

About the Wholesale Applications Community

Launched in February 2010, the Wholesale Applications Community (WAC) is an open global alliance formed from leading organisations within the telecoms sector. Uniting a fragmented applications marketplace, WAC will create an open industry platform that benefits the entire ecosystem, including applications developers, handset manufacturers, OS owners, network operators and end users.

The Wholesale Applications Community will:

– Accelerate and expand the market for applications – Simplify
application development by giving developers the opportunity to write
applications that can be deployed across multiple platforms and
multiple operators, and address a potential global market of more than
3 billion users.

– Create more compelling applications – Enable developers to utilise both
device and network capabilities to create the next generation of
applications.

– Provide greater choice for users – Enable portability of applications
across devices, operating systems and network operators.

Filed Under: International News Tagged With: business models, China Mobile, Commercial Organisations, company announced that, Corporate Entity, Executive Positions, Formation Leadership, Innovation Lab, launch, Leadership Board, Michel Combes, Mobile Ecosystem, Open Applications, PRNewswire, Softbank Mobile, Technology Evolution, telecommunications companies, Verizon Wireless, wac, Wholesale Applications

China Water Affairs Announces FY2009/10 Annual Results

July 28, 2010 By vani Leave a Comment

HONG KONG, July 27

HONG KONG, July 27 /PRNewswire-Asia/ –

Results Highlights:

Financial Highlights
(HKD ’000) FY2009/10 FY2008/09 Change
Revenue 1,398,168 1,033,199 35%
Gross profit 586,562 320,769 83%
Profit from operation 632,945 395,164 60%
Net profit 444,703 228,674 94%
Profit attributable to
owners of the Company 301,571 115,037 162%
Basic earnings per share
(HK cents) 23.31 9.39 148%
Final dividend per share
(HK cents) 5 3 67%

China Water Affairs Group Limited (“China Water Affairs” or the “Company,” stock code: 00855.HK), one of the leading integrated water services operators in China, today announced the audited annual results of the Company and its subsidiaries (the “Group”) for the twelve months ended 31 March 2010 (the “Review Period”).

During the Review Period, the Group achieved satisfactory business performance. Its total revenue amounted to HK$1,398 million, representing a 35% year-on-year increase. Its gross profit advanced by 83% year-on-year to HK$587 million. Gross profit margin improved 11 percentage points to 42%. Profit from operations reached HK$633 million, representing an increase of 60% year-on-year. Profit attributable to Owners of the Company advanced by 162% year-on-year to HK$302 million. Basic earnings per share were 23.31 Hong Kong cents, up 148% from the previous financial year. The board of directors recommended a final dividend of 3 Hong Kong cents per share. Total dividend per share for the year will increase by 67% year-on-year to 5 Hong Kong cents.

“The Chinese economy grew robustly during the period under review. As the country stepped up efforts in managing water resources in order to resolve the water shortage problem, the overall domestic water prices increased steadily. The Group achieved satisfactory growth in its core operation, with revenue of the city water supply business increased substantially. The city water supply operation and construction segment remained the largest revenue contributor to us. Revenue from this segment increased by 38% year-on-year to HK$908 million while profit from this segment increased by 90% to HK$271 million,” said Mr. Duan Chuan Liang, Chairman of China Water Affairs.

Water tariffs were increased in five water plants during the Review Period. Moreover, water tariffs in another three water plants were raised after the Review Period. In addition, two sewage treatment plants completed construction and commenced operation in Wannian and Yanshan of Jiangxi Province respectively. The Group also acquired the entire interest in Chongqing Qiaoli Pipe Manufacturer so as to create synergies within the Group.

As at 31 March 2009, total assets of the Group were approximately HK$7,776 million, up 40% year-on-year. Net assets amounted to HK$2,550 million, an increase of 36% year-on-year. The Group forged strategic alliances with various banks and obtained credit facilities of over RMB6 billion from financial institutions such as China Everbright Bank and the China Construction Bank, thereby providing it with a solid financial position for future business expansion.

Looking ahead, Mr. Duan Chuan Liang commented, “With the sustained development of the Chinese economy and accelerating urbanization and industrialization, the government will continue the policy of integrating water supply in cities and counties so as to strengthen the management of water industry. These favorable factors are set to provide ample room of growth for our core operations such as city water supply, meter installation and other water related businesses. We will actively look for water and related projects with good potential in order to benefit from great economy of scale. Besides, we will strive hard to improve our operating efficiency and overall competitiveness, thereby creating greater value to our shareholders.”

About China Water Affairs Group Limited

China Water Affairs Group Limited is principally engaged in waterworks investment and operation as well as other related businesses in the PRC. The Group’s businesses include urban water supply, water supply systems management, meter installation and related value-added businesses. Currently, the Group is undergoing rapid development, with operations being extended to over 20 cities in various provinces including Guangdong, Jiangxi, Henan and Jiangsu, etc. With a well established cooperative relationship with various local water authorities, the Group achieves a leading position in the PRC water industry.

The press release is issued by PRChina Limited on behalf of China Water Affairs Group Limited.

For investor and media enquiries:

PRChina
David Shiu
Tel: +852-2522-1838
Email: dshiu@prchina.com.hk

PRChina
Eric Song
Tel: +852-2522-1838
Email: esong@prchina.com.hk

SOURCE China Water Affairs Group Limited

Filed Under: International News Tagged With: Affairs Group, China Water, Chinese Economy, City Water Supply, Company Stock, Core Operation, Dividend Per Share, domestic water, earnings per share, gross profit margin, Group Limited, Managing Water Resources, PRNewswire, Satisfactory Growth, stock code, Supply Business, Water Affairs, Water Prices, Water Services, water shortage

Novartis Launches New Triaminic™ Fever Reducer Pain Reliever Liquid for Children as Safe Over-the-Counter Treatment Option

July 28, 2010 By vani Leave a Comment

PARSIPPANY, N.Y., July 27 /PRNewswire/ — Novartis announces the introduction of Triaminic™ Fever Reducer Pain Reliever, the only branded over-the-counter children’s liquid acetaminophen product currently available nationwide in the US. Triaminic® now offers parents a product that combines the pain relieving and fever-reducing power of acetaminophen with the brand that has been trusted by pediatricians and parents for more than 50 years.

“Given the lack of availability of some over-the-counter children’s analgesic products, parents and caregivers have been confused and concerned about what to give their children to temporarily reduce a fever or relieve headaches and minor sore throat pain,” said Jennifer Trachtenberg, MD, practicing pediatrician and chief pediatric officer of www.RealAge.com. “It is important that parents know there are safe and effective treatment options now available from brands they know and trust. If parents have any questions about which over-the-counter options are most appropriate for their kids, they should ask their doctor or pharmacist.”

To help parents restock their medicine cabinets with a reliable option, Novartis is giving away up to 250,000 bottles of Triaminic™ Fever Reducer Pain Reliever in the US, valued at USD 1.5 million. Between August 2 – 8, 2010, parents can purchase a bottle of Triaminic Fever Reducer Pain Reliever and submit the original receipt and proof of purchase, along with a rebate form that can be obtained by registering at www.triaminicgiveaway.com(1) to receive a refund for the purchase price of the product(2). For full details, go to www.triaminicgiveaway.com.

“Triaminic® is the leading children’s cough and cold brand(3) and children’s health has been the brand’s sole focus for more than 50 years. We feel it is important to now offer parents a dependable fever reducer and pain reliever product for their children,” said Charlie Hough, OTC North America Region Head, Novartis Consumer Health, Inc. “By giving away up to 250,000 bottles of Triaminic™ Fever Reducer Pain Reliever, we will make it even easier for parents to have access to the only children’s liquid acetaminophen product now available nationally from a trusted brand name.”

Focus on Kids’ Health and Appropriate Use of Children’s Medicines

Children’s health and wellness is the number one priority of the Triaminic® brand. In addition to the free product offer, www.triaminic.com also provides helpful tips and information for parents from Dr. Trachtenberg about keeping children healthy and ensuring the safe and appropriate use of children’s medicines.

* Know the active ingredients: It’s important to carefully read the labels on all children’s medications and understand the active ingredients, especially if you are giving them multiple medications. Knowing what’s in your child’s medicine will help you determine if it’s the right course of treatment to best ensure your child is on the road to recovery.
* Consider a little TLC: In addition to an over-the-counter fever reducer and pain reliever, Dr. Trachtenberg always recommends her version of TLC: Time, Love and a Couch. Take time to sit with your sick child in a comfortable, quiet place, like the living room couch, put a cool compress on her head and gently rub her temples until the fever and pain subside. If your child’s symptoms continue, call your pediatrician.

Triaminic™ Fever Reducer Pain Reliever and all Triaminic® products meet rigorous Good Manufacturing Practices (GMP) standards, as defined by the US Food and Drug Administration (FDA). Novartis adheres to these guidelines at its manufacturing sites to ensure that Triaminic® products are safe, effective and meet these strict quality and purity standards.

Triaminic™ Fever Reducer Pain Reliever temporarily reduces fever and relieves minor aches and pains due to the common cold, flu, headache, minor sore throat, and toothache. The product is intended for children ages 2 -11 and is available in grape and bubble gum flavors. Triaminic Fever Reducer Pain Reliever is available at drug stores, grocery stores and retail stores nationwide. For more information, go to www.triaminic.com.

About Triaminic®

Triaminic products are safe and effective when used as directed, and have been relieving children’s cough and cold symptoms for more than 50 years. Trusted by parents and caregivers, the Triaminic brand has a full line of children’s cough, cold, allergy and analgesic products that meets a variety of children’s – and parents – needs. For more information, please visit www.triaminic.com.

Disclaimer

The foregoing release contains forward-looking statements that can be identified by terminology such as “will,” or similar expressions, or by express or implied discussions regarding potential future revenues from Triaminic Fever Reducer Pain Reliever. You should not place undue reliance on these statements. Such forward-looking statements reflect the current views of management regarding future events, and involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. There can be no guarantee that Triaminic Fever Reducer Pain Reliever will achieve any particular levels of revenue in the future. In particular, management’s expectations regarding Triaminic Fever Reducer Pain Reliever could be affected by, among other things, unexpected regulatory actions or government regulation generally; competition in general; industry and general public pricing pressures; the impact that the foregoing factors could have on the values attributed to the Novartis Group’s assets and liabilities as recorded in the Group’s consolidated balance sheet, and other risks and factors referred to in Novartis AG’s current Form 20-F on file with the US Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, believed, estimated or expected. Novartis is providing the information in this press release as of this date and does not undertake any obligation to update any forward-looking statements contained in this press release as a result of new information, future events or otherwise.

About Novartis

Novartis provides healthcare solutions that address the evolving needs of patients and societies. Focused solely on healthcare, Novartis offers a diversified portfolio to best meet these needs: innovative medicines, cost-saving generic pharmaceuticals, preventive vaccines, diagnostic tools and consumer health products. Novartis is the only company with leading positions in these areas. In 2009, the Group’s continuing operations achieved net sales of USD 44.3 billion, while approximately USD 7.5 billion was invested in R&D activities throughout the Group. Headquartered in Basel, Switzerland, Novartis Group companies employ approximately 102,000 full-time-equivalent associates and operate in more than 140 countries around the world. For more information, please visit http://www.novartis.com.

References

(1) While supplies last. 250,000 rebate forms will be available at www.triaminicgiveaway.com

(2) Up to $6.99

(3) Based on IRI FDMx latest 4 weeks ending June 6, 2010

Novartis Media Relations

Central media line : +41 61 324 2200

Eric Althoff

Novartis Global Media Relations

+41 61 324 7999 (direct)

+41 79 593 4202 (mobile)

eric.althoff@novartis.com

Julie Masow

Novartis Consumer Health, Inc.

+1 973 503 7663 (direct)

+1 862 579 8456 (mobile)

julie.masow@novartis.com

e-mail: media.relations@novartis.com

Novartis Investor Relations

Central phone:

+41 61 324 7944

Susanne Schaffert

+41 61 324 3769

North America:

Pierre-Michel Bringer

+41 61 324 1065

Richard Jarvis

+1 212 830 2433

Thomas Hungerbuehler

+41 61 324 8425

Jill Pozarek

+1 212 830 2445

Isabella Zinck

+41 61 324 7188

Edwin Valeriano

+1 212 830 2456

e-mail: investor.relations@novartis.com

Filed Under: International News Tagged With: childr, Cold Brand, cough, Fever Children, Fever Reducer, medicine cabinets, novartis, pain reliever, parsippany, pediatrician, Pediatricians, pharmacist, PRNewswire, Realage Com, sole focus, Sore Throat Pain, Trachtenberg, Treatment Option, treatment options, Triaminic

SAP Reports 16% Growth in Software and Software-Related Service Revenues for the Second Quarter

July 28, 2010 By vani Leave a Comment

WALLDORF, Germany July 27 /PRNewswire-FirstCall/ — SAP AG (NYSE: SAP) today announced its preliminary financial results for the second quarter ended June 30, 2010.

(Logo: http://photos.prnewswire.com/prnh/20050310/SFTH009LOGO-a )

(Logo: http://www.newscom.com/cgi-bin/prnh/20050310/SFTH009LOGO-a )

FINANCIAL HIGHLIGHTS – Second Quarter 2010

Second Quarter 2010(1)

IFRS

Non-IFRS(2)

€ million, unless
otherwise stated

Q2 2010

Q2 2009

% change

Q2 2010

Q2 2009

% change

% change
const. curr.(3)

Software revenue

637

543

17%

637

543

17%

Software and software-related service revenue

2,258

1,953

16%

2,258

1,953

16%

Total revenue

2,894

2,576

12%

2,894

2,576

12%

Total operating expenses

-2,120

-1,935

10%

-2,054

-1,866

10%

– thereof restructuring

-1

-17

-94%

-1

-17

-94%

Operating profit

774

641

21%

840

710

18%

Operating margin (%)

26.7

24.9

1.8pp

29.0

27.6

1.4pp

0.2pp

Profit after tax

491

426

15%

551

478

15%

Basic earnings per share (€)

0.41

0.36

14%

0.46

0.40

15%

(1) All figures are preliminary and unaudited.

(2) Adjustments in the revenue line items are for support revenue that an entity acquired by SAP would have
recognized had it remained a stand-alone entity but that SAP is not permitted to recognize as revenue under
IFRS as a result of business combination accounting rules. Adjustments in the operating expense line items
are for acquisition-related charges and discontinued activities. See Explanations of Non-IFRS Measures in the
appendix for details.

(3) Constant currency revenue and operating profit figures are calculated by translating revenue and operating
profit of the current period using the average exchange rates from the previous year’s respective period
instead of the current period. Constant currency period-over-period changes are calculated by comparing the
current year’s non-IFRS constant currency numbers with the non-IFRS number of the previous year’s
respective period. See Explanations of Non-IFRS Measures in the appendix for details.

Revenues – Second Quarter 2010

* IFRS software and software-related service revenues were euro 2.26 billion (2009: euro 1.95 billion), an increase of 16% (8% at constant currencies).
* IFRS software revenues were euro 637 million (2009: euro 543 million), an increase of 17% (5% at constant currencies).
* IFRS total revenues were euro 2.89 billion (2009: euro 2.58 billion), an increase of 12% (5% at constant currencies).

Income – Second Quarter 2010

* IFRS operating profit was euro 774 million (2009: euro 641 million), an increase of 21%. Non-IFRS operating profit was euro 840 million (2009: euro 710 million), an increase of 18% (5% at constant currencies). In the second quarter of 2009, the IFRS and Non-IFRS operating income was impacted by restructuring charges of euro 17 million resulting from a reduction of positions. In contrast, restructuring charges were not material in the second quarter of 2010.
* IFRS operating margin was 26.7% (2009: 24.9%), an increase of 1.8 percentage points. Non-IFRS operating margin was 29.0% (2009: 27.6%), or 27.8% at constant currencies, an increase of 1.4 percentage points (0.2 percentage points at constant currencies). In contrast to the respective quarter in 2009, the second quarter of 2010 was not materially impacted by restructuring expenses which had, in the second quarter of 2009, negatively impacted the IFRS and Non-IFRS operating margin by 0.7 percentage points. However, severance expenses of euro 11 million (2009: euro 1.3 million) negatively impacted the second quarter 2010 IFRS and Non-IFRS operating margin by 0.4 percentage points (2009: 0.1 percentage points).
* IFRS profit after tax was euro 491 million (2009: euro 426 million), an increase of 15%. Non-IFRS profit after tax was euro 551 million (2009: euro 478 million), an increase of 15%. IFRS basic earnings per share were euro 0.41 (2009: euro 0.36), an increase of 14%. Non-IFRS basic earnings per share were euro 0.46 (2009: euro 0.40), an increase of 15%. The impact, net of tax, of the severance expenses incurred in the second quarter 2010 on the second quarter 2010 IFRS and Non-IFRS basic earnings per share was euro 0.01. The impact, net of tax, of the restructuring expenses incurred in the second quarter 2009 on the second quarter 2009 IFRS and Non-IFRS basic earnings per share was euro 0.01. The IFRS effective tax rate in the second quarter of 2010 was 27.4% (2009: 28.5%).

Second Quarter 2010 Non-IFRS operating profit excludes acquisition-related charges and discontinued activities totaling euro 66 million (2009: euro 69 million). Second quarter 2010 Non-IFRS profit after tax and Non-IFRS basic earnings per share exclude acquisition-related charges and discontinued activities totaling euro 60 million net of tax (2009: euro 52 million).

“We are pleased to report another quarter of growth in software and software-related service revenue,” said Werner Brandt, CFO of SAP. “The top line results were driven by continued growth in software revenue, strong support revenue, mainly from the majority of our customers who endorsed Enterprise Support, and double-digit growth in subscription revenue.”

“Customers continue to invest for growth across large, midsized and small enterprises and within many industries,” said Bill McDermott, Co-CEO of SAP. “We had outstanding growth in strategic markets like the U.S. and we saw continued double-digit growth in key emerging markets in Latin America and Asia. This solid performance is due to renewed customer confidence, an ever-expanding ecosystem, as well as focused execution on our go-to-market strategy.”

“Our focus on customer-driven innovation is positively impacting our growth. Reaching more than 100,000 customers is a testament to the inroads we have made in expanding our volume business and our success in the small and midsized enterprise (SME) segment,” said Jim Hagemann Snabe, Co-CEO of SAP. “Our success in the SME segment creates a strong foundation for the new version of our on-demand platform SAP Business ByDesign. The new version will be available on time on July 31st and is ready for volume deployment in six countries.”

SAP Completes Tender Offer for Shares of Sybase, Inc.

SAP also announced today that it has completed the cash tender offer for all outstanding shares of common stock of Sybase. Under the terms of the agreement, Sybase will operate as a separate company under the leadership of current CEO John Chen and will remain focused on its core business. Sybase will continue to execute plans and product strategies around its core database and information management business and Sybase’s expertise in the mobile business will be a key driver for the Sybase and SAP vision for the unwired enterprise. For more details on SAP and Sybase, please visit www.sap.com/about/investor/sybase.epx .

The acquisition rounds out the Company’s three pillar strategy of providing solutions on-premise, on-demand and on-device supported by orchestration. Already the clear leader in on-premise business software solutions, the Company expects that with its aggressive push into on-demand and now on-device, with the biggest and most heterogeneous mobile platform provided by the acquisition of Sybase, it will be able to extend its reach into new user categories well beyond its traditional user base.

SAP will host a press briefing on August 19, 2010 in Boston, Massachusetts, where SAP Co-CEO Bill McDermott, Sybase CEO John Chen and members of the SAP leadership team will share details on joint company strategy and product road maps, along with planned co-innovations in mobility, analytics and database technologies. Details on the event will follow in a media alert to be issued in early August.

FINANCIAL HIGHLIGHTS – Six Months 2010

First Half 2010(1)

IFRS

Non-IFRS(2)

€ million, unless
otherwise stated

1H 2010

1H 2009

% change

1H 2010

1H 2009

% change

% change const. curr.(3)

Software revenue

1,101

962

14%

1,101

962

14%

Software and software-related service revenue

4,205

3,695

14%

4,205

3,706

13%

Total revenue

5,403

4,974

5,403

4,985

Total operating expenses

-4,072

-4,026

-3,951

-3,879

-1%

– thereof restructuring

-1

-183

-99%

-1

-178

-99%

Operating profit

1,331

948

40%

1,452

1,106

31%

20%

Operating margin (%)

24.6

19.1

5.5pp

26.9

22.2

4.7pp

3.5pp

Profit after tax

878

622

41%

986

740

33%

Basic earnings per share (€)

0.74

0.52

42%

0.83

0.62

34%

(1) All figures are preliminary and unaudited.

(3) Constant currency revenue and operating profit figures are calculated by translating revenue and
operating profit of the current period using the average exchange rates from the previous year’s respective
period instead of the current period. Constant currency period-over-period changes are calculated by
comparing the current year’s non-IFRS constant currency numbers with the non-IFRS number of the previous
year’s respective period. See Explanations of Non-IFRS Measures in the appendix for details.

Revenues – Six Months 2010

* IFRS software and software-related service revenues were euro 4.21 billion (2009: euro 3.70 billion), an increase of 14%. Non-IFRS software and software-related service revenues were euro 4.21 billion (2009: euro 3.71 billion), an increase of 13% (9% at constant currencies).
* IFRS software revenues were euro 1.10 billion (2009: euro 962 million), an increase of 14% (6% at constant currencies).
* IFRS total revenues were euro 5.40 billion (2009: euro 4.97 billion), an increase of 9%. Non-IFRS total revenues were euro 5.40 billion (2009: euro 4.99 billion), an increase of 8% (4% at constant currencies).

Six months 2009 Non-IFRS revenue figures exclude a deferred support revenue write-down from the acquisition of Business Objects of euro 11 million.

Income – Six Months 2010

* IFRS operating profit was euro 1.33 billion (2009: euro 948 million), an increase of 40%. Non-IFRS operating profit was euro 1.45 billion (2009: euro 1.11 billion), an increase of 31% (20% at constant currencies). In the first half of 2009, the IFRS and Non-IFRS operating income was impacted by restructuring charges of euro 183 million and euro 178 million, respectively, resulting from a reduction of positions.
* IFRS operating margin was 24.6% (2009: 19.1%), an increase of 5.5 percentage points. Non-IFRS operating margin was 26.9% (2009: 22.2%), or 25.7% at constant currencies, an increase of 4.7 percentage points (3.5 percentage points at constant currencies). In contrast to the respective first half of 2009, the first half of 2010 was not materially impacted by restructuring expenses which had, in the first half of 2009, negatively impacted the IFRS and Non-IFRS operating margin by 3.7 percentage points and 3.6 percentage points, respectively. However, severance expenses of euro 38 million (2009: euro 3.1 million) and unused lease space expenses of euro 8 million negatively impacted the IFRS and Non-IFRS operating margin by 0.9 percentage points (2009: 0.1 percentage points).
* IFRS profit after tax was euro 878 million (2009: euro 622 million), an increase of 41%. Non-IFRS profit after tax was euro 986 million (2009: euro 740 million), an increase of 33%. IFRS basic earnings per share were euro 0.74 (2009: euro 0.52), an increase of 42%. Non-IFRS basic earnings per share were euro 0.83 (2009: euro 0.62), an increase of 34%. The impact, net of tax, of the severance and unused lease space expenses incurred in the first half of 2010 on the first half 2010 IFRS and Non-IFRS basic earnings per share was euro 0.03. The impact, net of tax, of the restructuring expenses incurred in the first half of 2009 on the first half 2009 IFRS and Non-IFRS basic earnings per share was euro 0.11. The IFRS effective tax rate in the first half year 2010 was 26.6% (2009: 29.6%). The year over year decrease in the effective tax rate mainly results from tax effects on changes in foreign currency exchange rates. The currency related tax effects recorded in the second quarter 2010 were substantially compensated by several individually minor negative tax effects.

First half 2010 Non-IFRS operating profit excludes acquisition-related charges and discontinued activities totaling euro 121 million (2009: euro 158 million). First half 2010 Non-IFRS profit after tax and Non-IFRS basic earnings per share exclude acquisition-related charges and discontinued activities totaling euro 108 million net of tax (2009: euro 118 million).

Cash Flow – Six Months 2010

Operating cash flow was euro 1.28 billion (2009: euro 1.82 billion), a decrease of 30%. The year-over-year decrease in operating cash flow resulted from 1) timing of cash inflows as the Company received significantly more payments from customers in 2009 compared to 2010 due to the onset of the financial crisis that caused 2008 payment delays; 2) net cash outflows for derivative financial instruments used for the hedging of foreign exchange risks which did not affect profit, but were higher in the first six months 2010 compared to the prior period; and 3) a one-time payment in the second quarter of 2010 from the settlement of a lawsuit with the main part of the corresponding insurance reimbursement expected to be received in subsequent periods. Free cash flow was euro 1.16 billion (2009: euro 1.72 billion), a decrease of 33%. Free cash flow was 21% of total revenues (2009: 35%). At June 30, 2010, SAP had a total group liquidity of euro 3.96 billion (December 31, 2009: euro 2.28 billion), which includes cash and cash equivalents and short term investments. At June 30, 2010, net liquidity, defined as total group liquidity less short term debt, was euro 2.19 billion.

Business Outlook

SAP is providing the following outlook for the full-year 2010, which now takes into account the acquisition of Sybase:

* The Company expects full-year 2010 Non-IFRS software and software-related service revenue (1) to increase in a range of 9% – 11% at constant currencies (2009: euro 8.2 billion). SAP’s business, excluding the contribution from Sybase, is expected to contribute 6 – 8 percentage points to this growth.
* The Company expects the full-year 2010 Non-IFRS operating margin to be in a range of 30% – 31% (2009: 27.4%) at constant currencies.
* The Company projects an effective tax rate of 27.5% – 28.5% (based on IFRS) for 2010 (2009: 28.1%).

(1) Unchanged from the past, software and software-related service revenue continues to only include software and services directly related to software. Revenues from all other services (including consulting, training and Sybase’s messaging services) continue to be reported as Professional Services and Other Service Revenue.

Major Customer Wins

In the second quarter of 2010, SAP closed major contracts in key regions.

In EMEA: E.ON IT GmbH, Sisal S.p.A., Bashneft ANK OAO, Swiss Reinsurance Company Ltd., DSG Retail Ltd; In the Americas: American Water Works Service Co., U.S. Department of Agriculture, Delta Air Lines, Inc., Pelagio Oliveira S/A, Montepio Luz Savinon I.A.P, H.D. Smith Wholesale Drug Co., United Nations; In Asia Pacific/Japan: Shanghai Huayi (Group) Company, Huaneng Lancang River Hydro Power, National Institute for Environmental Studies, Sumitomo Chemical Co.,Ltd, Malaysia Airports Holdings Berhad, Parkway Hospitals Singapore Pte Ltd.

Webcast / Supplementary Financial Information

SAP senior management will host a conference call today at 3:00 PM (CET) / 2:00 PM (UK) / 9:00 AM (Eastern) / 6:00 AM (Pacific). The conference call will be web cast live on the Company’s website at http://www.sap.com/investor and will be available for replay.

Supplementary financial information pertaining to the quarterly results can be found at http://www.sap.com/investor.

SAP First Half 2010 Interim Report

The First Half 2010 Interim Report will be published on July 29th, 2010 and will be available for download at http://www.sap.com/investor.

About SAP

(*) SAP defines business software as comprising enterprise resource planning, business intelligence, and related applications.

Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. 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 relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP’s future financial results are discussed more fully in SAP’s filings with the U.S. Securities and Exchange Commission (“SEC”), including SAP’s most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.

For more information, press only:

Christoph Liedtke

+49 (6227) 7-50383

christoph.liedtke@sap.com, CET

Guenter Gaugler

+49 (6227) 7-65416

guenter.gaugler@sap.com, CET

Jim Dever

+1 (610) 661-2161

james.dever@sap.com, ET

For more information, financial community only:

Stefan Gruber

+49 (6227) 7-44872

investor@sap.com, CET

Martin Cohen

+1 (212) 653-9619

investor@sap.com, ET

Follow SAP Investor Relations on Twitter at @sapinvestor.

Appendix – Financial Information to Follow

FINANCIAL INFORMATION

FOR THE SECOND QUARTER AND HALF YEAR 2010

– Condensed, Preliminary and Unaudited –

Page

Financial Statements (IFRS)

Income Statements – Quarter

Statements of Comprehensive Income – Quarter

Income Statements – Half Year

Statements of Comprehensive Income – Half Year

Statements of Financial Position

Statements of Changes in Equity

Statements of Cash Flows

Supplementary Financial Information

Reconciliations from Non-IFRS Numbers to IFRS Numbers

F8 to F9

Revenue by Region

F10 to F11

Share-Based Compensation

F12

Free Cash Flow

F12

Days Sales Outstanding

F12

Headcount

F12

Multi-Quarter Summary

F13

Explanations of Non-IFRS Measures

F14 to F16

Financial Statements (IFRS)

CONSOLIDATED INCOME STATEMENTS OF SAP GROUP

For the three months ended June 30

€ millions, unless otherwise stated

2010

2009

Change in %

Software revenue

637

543

Support revenue

1,526

1,337

Subscription and other software-related service revenue

Software and software-related service revenue

2,258

1,953

Consulting revenue

528

517

Training revenue

Other service revenue

-22

Professional services and other service revenue

617

610

Other revenue

Total revenue

2,894

2,576

Cost of software and software-related services

-415

-400

Cost of professional services and other services

-497

-467

Research and development

-397

-373

Sales and marketing

-658

-561

General and administration

-156

-123

Restructuring

-1

-17

-94

Other operating income/expense, net

-33

Total operating expenses

-2,120

-1,935

Operating profit

774

641

Other non-operating income/expense, net

-86

-22

>100

Finance income

Finance costs

-21

-28

-25

Other financial gains/losses, net

-2

-3

-33

Financial income, net

-12

-23

-48

Profit before tax

676

596

Income tax expense

-185

-170

Profit after tax

491

426

– Profit attributable to non-controlling interests

-100

– Profit attributable to owners of parent

491

425

Basic earnings per share, in €

0.41

0.36

Diluted earnings per share, in €

0.41

0.36

* For the three months ended June 30, 2010 and 2009 the weighted average number of shares were 1,188 million
(Diluted: 1,189 million) and 1,188 million (Diluted: 1,189 million), respectively (treasury stock excluded).

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME OF SAP GROUP

for the second quarter ended June 30

€ millions

2010

2009

Profit after tax

491

426

Gains (losses) on exchange differences on translation, before tax

142

Reclassification adjustments on exchange differences on translation, before tax

-11

Exchange differences on translation

131

Gains (losses) on remeasuring available-for-sale financial assets, before tax

-7

Reclassification adjustments on available-for-sale financial assets, before tax

Available-for-sale financial assets

-7

Gains (losses) on cash flow hedges, before tax

-40

-7

Reclassification adjustments on cash flow hedges, before tax

Cash flow hedges

-29

Actuarial gains (losses) on defined benefit plans, before tax

-5

Other comprehensive income before tax

Income tax relating to components of other comprehensive income

-6

Other comprehensive income after tax

100

Total comprehensive income

591

445

– attributable to non-controlling interests

– attributable to owners of parent

590

444

CONSOLIDATED INCOME STATEMENTS OF SAP GROUP

For the six months ended June 30

€ millions, unless otherwise stated

2010

2009

Change in %

Software revenue

1,101

962

Support revenue

2,920

2,589

Subscription and other software-related service revenue

184

144

Software and software-related service revenue

4,205

3,695

Consulting revenue

1,007

1,071

-6

Training revenue

130

142

-8

Other service revenue

-21

Professional services and other service revenue

1,174

1,260

-7

Other revenue

Total revenue

5,403

4,974

Cost of software and software-related services

-814

-786

Cost of professional services and other services

-948

-989

-4

Research and development

-790

-738

Sales and marketing

-1,215

-1,074

General and administration

-304

-262

Restructuring

-1

-183

-99

Other operating income/expense, net

-100

Total operating expenses

-4,072

-4,026

Operating profit

1,331

948

Other non-operating income/expense, net

-122

-23

>100

Finance income

Finance costs

-33

-53

-38

Other financial gains/losses, net

-1

-6

-83

Financial income, net

-12

-42

-71

Profit before tax

1,197

883

Income tax expense

-319

-261

Profit after tax

878

622

– Profit attributable to non-controlling interests

– Profit attributable to owners of parent

877

621

Basic earnings per share, in €

0.74

0.52

Diluted earnings per share, in €

0.74

0.52

* For the six months ended June 30, 2010 and 2009 the weighted average number of shares were 1,189 million
(Diluted: 1,189 million) and 1,188 million (Diluted: 1,189 million), respectively (treasury stock excluded).

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME OF SAP GROUP

for the six months ended June 30

€ millions

2010

2009

Profit after tax

878

622

Gains (losses) on exchange differences on translation, before tax

272

Reclassification adjustments on exchange differences on translation, before tax

-17

Exchange differences on translation

255

Gains (losses) on remeasuring available-for-sale financial assets, before tax

-1

Reclassification adjustments on available-for-sale financial assets, before tax

Available-for-sale financial assets

-1

Gains (losses) on cash flow hedges, before tax

-72

-22

Reclassification adjustments on cash flow hedges, before tax

Cash flow hedges

-56

Actuarial gains (losses) on defined benefit plans, before tax

-10

Other comprehensive income before tax

188

Income tax relating to components of other comprehensive income

-6

Other comprehensive income after tax

210

Total comprehensive income

1,088

675

– attributable to non-controlling interests

– attributable to owners of parent

1,087

674

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION OF SAP GROUP

as at June 30, 2010 and December 31, 2009

€ millions

2010

2009

Change in %

Assets

Cash and cash equivalents

3,605

1,884

Other financial assets

574

486

Trade and other receivables

2,768

2,546

Other non-financial assets

217

147

Tax assets

202

192

Total current assets

7,366

5,255

Goodwill

5,136

4,994

Intangible assets

829

894

-7

Property, plant, and equipment

1,415

1,371

Other financial assets

337

284

Trade and other receivables

Other non-financial assets

-3

Tax assets

125

Deferred tax assets

364

398

-9

Total non-current assets

8,306

8,119

Total assets

15,672

13,374

€ millions

2010

2009

Change in %

Equity and liabilities

Trade and other payables

698

638

Tax liabilities

125

-98

Financial liabilities

219

146

Other non-financial liabilities

990

1,577

-37

Provisions

354

332

Deferred income

1,919

598

>100

Total current liabilities

4,183

3,416

Trade and other payables

-3

Tax liabilities

259

239

Financial liabilities

1,764

729

>100

Other non-financial liabilities

Provisions

224

198

Deferred tax liabilities

137

190

-28

Deferred income

Total non-current liabilities

2,518

1,467

Total liabilities

6,701

4,883

Issued capital

1,227

1,226

Treasury shares

-1,349

-1,320

Share premium

331

317

Retained earnings

8,851

8,571

Other components of equity

-104

-317

-67

Equity attributable to owners of parent

8,956

8,477

Non-controlling interests

Total equity

8,971

8,491

Equity and liabilities

15,672

13,374

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY OF SAP GROUP

For the six months ended June 30

€ millions

Other Components of Equity

Issued
Capital

Share
Premium

Retained
Earnings

Exchange
Differences

Available-
for-Sale
Financial
Assets

Cash
Flow
Hedges

Treasury
Shares

Equity
Attributable
to Owners
of Parent

Non-Controlling
Interests

Total
Equity

January 1, 2009

1,226

320

7,423

-395

-1

-42

-1,362

7,169

7,171

Profit after tax

621

622

Other comprehensive income

Share-based compensation

-2

Dividends

-594

Treasury shares transactions

-4

Convertible bonds and stock options exercised

Other

June 30, 2009

1,226

318

7,453

-361

-26

-1,341

7,269

7,272

January 1, 2010

1,226

317

8,571

-319

-11

-1,320

8,477

8,491

Profit after tax

877

878

Other comprehensive income

-3

255

-1

-41

210

Share-based compensation

-1

Dividends

-594

Treasury shares transactions

-5

-113

-118

Convertible bonds and stock options exercised

105

June 30, 2010

1,227

331

8,851

-64

-52

-1,349

8,956

8,971

CONSOLIDATED STATEMENTS OF CASH FLOWS OF SAP GROUP

as at June 30

€ millions

2010

2009

Profit after tax

878

622

Adjustments to reconcile profit after taxes to net cash provided by operating activities:

Depreciation and amortization

225

253

Gains/losses on disposals of non-current assets

Impairment loss on financial assets recognized in profit

Decrease/increase in sales and bad debt allowances on trade receivables

Other adjustments for non-cash items

Deferred income taxes

-65

Decrease/increase in trade receivables

628

Decrease/increase in other assets

-216

-96

Decrease/increase in trade payables, provisions and other liabilities

-802

-687

Decrease/increase in deferred income

1,108

1,048

Net cash flows from operating activities

1,282

1,823

Business combinations, net of cash and cash equivalents acquired

-49

Purchase of intangible assets and property, plant, and equipment

-125

-106

Proceeds from sales of intangible assets or property, plant, and equipment

Purchase of equity or debt instruments of other entities

-651

-573

Proceeds from sales of equity or debt instruments of other entities

689

233

Net cash flows from investing activities

-70

-482

Dividends paid

-594

Purchase of treasury shares

-120

Proceeds from reissuance of treasury shares

Proceeds from issuing shares (share-based compensation)

Proceeds from borrowings

1,063

697

Repayments of borrowings

-6

Purchase of equity-based derivative instruments (hedge for cash-settled share-based payment plans)

-14

Proceeds from exercise of equity-based derivative financial instruments

Net cash flows from financing activities

439

121

Effect of foreign exchange rates on cash and cash equivalents

-25

Net decrease/increase in cash and cash equivalents

1,721

1,437

Cash and cash equivalents at the beginning of the period

1,884

1,280

Cash and cash equivalents at the end of the period

3,605

2,717

Supplementary Financial Information

RECONCILIATIONS FROM NON-IFRS NUMBERS TO IFRS NUMBERS

(Preliminary and unaudited)

The following tables present a reconciliation from our non-IFRS numbers (including our non-IFRS at constant currency numbers) to the respective most comparable IFRS numbers. Note: Our non-IFRS numbers are not prepared under a comprehensive set of accounting rules or principles.

€ millions, unless otherwise stated

Three months ended June 30

2010

2009

Change in %

IFRS

Adj.*

Non-IFRS*

Currency
impact**

Non-IFRS
constant
currency**

IFRS

Adj.*

Non-IFRS*

IFRS

Non-IFRS*

Non-IFRS
constant
currency**

Non-IFRS Revenue Numbers

Software revenue

637

-66

571

543

Support revenue

1,526

-88

1,438

1,337

Subscription and other software-related service revenue

-3

Software and software-related service revenue

2,258

-157

2,101

1,953

Consulting revenue

528

-36

492

517

-5

Training revenue

-4

Other service revenue

-1

-22

-26

Professional services and other service revenue

617

-41

576

610

-6

Other revenue

-1

Total revenue

2,894

-199

2,695

2,576

Non-IFRS Operating Expense Numbers

Cost of software and software-related services

-415

-374

-400

-352

Cost of professional services and other services

-497

-496

-467

-466

Research and development

-397

-396

-373

-372

Sales and marketing

-658

-643

-561

-542

General and administration

-156

-147

-123

Restructuring

-1

-17

-94

Other operating income/expense, net

-33

Total operating expenses

-2,120

-2,054

107

-1,947

-1,935

-1,866

Non-IFRS Profit Numbers

Operating profit

774

840

-92

748

641

710

Other non-operating income/expense, net

-86

-75

-22

>100

Finance income

Finance costs

-21

-28

-25

Other financial gains/losses, net

-2

-3

-33

Financial income, net

-12

-23

-48

Profit before tax

676

753

596

665

Income tax expense

-185

-17

-202

-170

-17

-187

Profit after tax

491

551

426

478

- Profit attributable to non-controlling interests

-100

- Profit attributable to owners of parent

491

551

425

477

Non-IFRS Key Ratios

Operating margin in %

26.7

29.0

27.8

24.9

27.6

1.8pp

1.4pp

0.2pp

Effective tax rate in %

27.4

26.8

28.5

28.1

-1.1pp

-1.3pp

Basic earnings per share, in €

0.41

0.46

0.36

0.40

* Adjustments in the revenue line items are for support revenue that an entity acquired by SAP would have recognized had it remained a stand-alone entity but that SAP is not permitted to recognize as revenue under IFRS as a result of business combination accounting rules. Adjustments in the operating expense line items are for acquisition-related charges and discontinued activities. See Explanations of Non-IFRS Measures for details.

** Constant currency revenue and operating income figures are calculated by translating revenue and operating income of the current period using the average exchange rates from the previous year’s respective period instead of the current period. Constant currency period-over-period changes are calculated by comparing the current year’s non-IFRS constant currency numbers with the non-IFRS number of the previous year’s respective period. See Explanations of Non-IFRS Measures for details.

Differences may exist due to rounding.

€ millions, unless otherwise stated

Six months ended June 30

2010

2009

Change in %

IFRS

Adj.*

Non-IFRS*

Currency
impact**

Non-IFRS
constant
currency**

IFRS

Adj.*

Non-IFRS*

IFRS

Non-IFRS*

Non-IFRS
constant
currency**

Non-IFRS Revenue Numbers

Software revenue

1,101

-81

1,020

962

Support revenue

2,920

-98

2,822

2,589

2,600

Subscription and other software-related service revenue

184

-2

182

144

Software and software-related service revenue

4,205

-182

4,023

3,695

3,706

Consulting revenue

1,007

-41

966

1,071

-6

-10

Training revenue

130

-5

125

142

-8

-12

Other service revenue

-21

Professional services and other service revenue

1,174

-46

1,128

1,260

-7

-10

Other revenue

-1

Total revenue

5,403

-229

5,174

4,974

4,985

Non-IFRS Operating Expense Numbers

Cost of software and software-related services

-814

-733

-786

-687

Cost of professional services and other services

-948

-946

-989

-987

-4

Research and development

-790

-787

-738

-736

Sales and marketing

-1,215

-1,188

-1,074

-1,037

General and administration

-304

-295

-262

Restructuring

-1

-183

-178

-99

Other operating income/expense, net

-100

Total operating expenses

-4,072

121

-3,951

109

-3,842

-4,026

147

-3,879

-1

Non-IFRS Profit Numbers

Operating profit

1,331

121

1,452

-120

1,332

948

158

1,106

Other non-operating income/expense, net

-122

-105

-23

>100

Finance income

Finance costs

-33

-53

-38

Other financial gains/losses, net

-1

-6

-83

Financial income, net

-12

-42

-71

Profit before tax

1,197

138

1,335

883

158

1,041

Income tax expense

-319

-30

-349

-261

-40

-301

Profit after tax

878

108

986

622

118

740

- Profit attributable to non-controlling interests

- Profit attributable to owners of parent

877

108

985

621

118

739

Non-IFRS Key Ratios

Operating margin in %

24.6

26.9

25.7

19.1

22.2

5.5pp

4.7pp

3.5pp

Effective tax rate in %

26.6

26.1

29.6

28.9

-3.0pp

-2.8pp

Basic earnings per share, in €

0.74

0.83

0.52

0.62

** Constant currency revenue figures are calculated by translating revenue of the current period using the average exchange rates from the previous year’s respective period instead of the current period. Constant currency period-over-period changes are calculated by comparing the current year’s non-IFRS constant currency numbers with the non-IFRS number of the previous year’s respective period.

Differences may exist due to rounding.

REVENUE BY REGION

(Preliminary and unaudited)

The following tables present our IFRS and non-IFRS revenue by region based on customer location. The tables also present a reconciliation from our non-IFRS revenue (including our non-IFRS revenue at constant currency) to the respective most comparable IFRS revenue. Note: Our non-IFRS revenues are not prepared under a comprehensive set of accounting rules or principles.

€ millions

Three months ended June 30

2010

2009

Change in %

IFRS

Adj.*

Non-IFRS*

Currency
impact**

Non-IFRS
constant
currency**

IFRS

Adj.*

Non-IFRS*

IFRS

Non-IFRS*

Non-IFRS
constant
currency**

Software revenue by region

EMEA

241

-7

234

266

-9

-12

Americas

269

-39

230

164

Asia Pacific Japan

127

-20

107

114

-6

Software revenue

637

-66

571

543

Software and software-related service revenue by region

Germany

360

329

Rest of EMEA

718

-26

692

701

-1

Total EMEA

1,078

-25

1,053

1,030

United States

616

-49

567

481

Rest of Americas

207

-33

174

158

Total Americas

822

-81

741

639

Japan

111

-14

107

-9

Rest of Asia Pacific Japan

247

-37

210

178

Total Asia Pacific Japan

358

-51

307

285

Software and software-related service revenue

2,258

-157

2,101

1,953

Total revenue by region

Germany

506

463

Rest of EMEA

884

-32

852

882

-3

Total EMEA

1,390

-32

1,358

1,345

United States

802

-62

740

663

Rest of Americas

275

-43

232

214

Total Americas

1,077

-106

971

877

Japan

125

-16

109

126

-1

-13

Rest of Asia Pacific Japan

302

-45

257

229

Total Asia Pacific Japan

427

-61

366

355

Total revenue

2,894

-199

2,695

2,576

Differences may exist due to rounding.

€ millions

Six months ended June 30

2010

2009

Change in %

IFRS

Adj.*

Non-IFRS*

Currency
impact**

Non-IFRS
constant
currency**

IFRS

Adj.*

Non-IFRS*

IFRS

Non-IFRS*

Non-IFRS
constant
currency**

Software revenue by region

EMEA

459

-14

445

472

-3

-6

Americas

440

-40

400

316

Asia Pacific Japan

201

-26

175

174

Software revenue

1,101

-81

1,020

962

Software and software-related service revenue by region

Germany

671

-1

670

605

Rest of EMEA

1,409

-45

1,364

1,307

1,311

Total EMEA

2,079

-44

2,035

1,912

1,916

United States

1,087

-23

1,064

941

947

Rest of Americas

399

-46

353

312

Total Americas

1,485

-68

1,417

1,253

1,259

Japan

208

-14

194

203

204

-5

Rest of Asia Pacific Japan

432

-54

378

326

327

Total Asia Pacific Japan

641

-69

572

530

Software and software-related service revenue

4,205

-182

4,023

3,695

3,706

Total revenue by region

Germany

949

895

896

Rest of EMEA

1,743

-56

1,687

1,673

1,676

Total EMEA

2,692

-56

2,636

2,568

2,572

United States

1,422

-27

1,395

1,313

1,319

Rest of Americas

522

-62

460

425

Total Americas

1,944

-89

1,855

1,738

1,744

Japan

235

-15

220

246

-4

-11

Rest of Asia Pacific Japan

531

-68

463

422

423

Total Asia Pacific Japan

767

-84

683

668

669

Total revenue

5,403

-229

5,174

4,974

4,985

Differences may exist due to rounding.

SHARE-BASED COMPENSATION

(Preliminary and unaudited)

€ millions

Six months ended June 30

2010

2009

Change in %

Share-based compensation per expense line item

Cost of software and software-related services

-100

Cost of professional services and other services

-75

Research and development

Sales and marketing

General and administration

Total share-based compensation

-15

Note: The share-based compensation expenses do not differ between SAP’s IFRS and non-IFRS measures.

Differences may exist due to rounding.

FREE CASH FLOW

(Preliminary and unaudited)

€ millions

Six months ended June 30

2010

2009

Change in %

Net cash flows from operating activities

1,282

1,823

-30

Additions to non-current assets excluding additions from acquisitions

-125

-106

Free cash flow

1,157

1,717

-33

Differences may exist due to rounding.

DAYS SALES OUTSTANDING

(Unaudited)

as at June 30, 2010 and December 31, 2009

2010

2009

Change in days

Days sales outstanding in days*

-6

* Day Sales Outstanding (DSO) measures the length of time it takes to collect receivables. SAP calculates
DSO by dividing the average invoiced accounts receivables balance of the last 12 months by the average
monthly sales of the last 12 months.

NUMBER OF EMPLOYEES (in Full-Time Equivalents)

June 30, 2010

June 30, 2009

EMEA

Americas

Asia Pacific Japan

Total

EMEA

Americas

Asia Pacific Japan

Total

Software and software-related services

3,479

1,422

2,100

7,001

3,238

1,239

1,840

6,317

Professional services and other services

6,407

3,544

2,243

12,194

6,916

3,597

2,358

12,871

Research and Development

8,288

2,458

3,600

14,346

8,620

2,553

3,889

15,062

Sales & Marketing

4,216

3,704

1,811

9,731

4,320

3,600

1,808

9,728

General & Administration

1,891

717

418

3,026

1,945

750

418

3,113

Infrastructure

1,044

471

208

1,723

888

409

179

1,476

SAP Group (June 30)

25,325

12,316

10,380

48,021

25,927

12,148

10,492

48,567

SAP Group (average H1)

25,314

12,117

10,304

47,735

26,422

12,712

10,877

50,011

MULTI-QUARTER SUMMARY

(IFRS and non-IFRS; preliminary und unaudited)

€ millions, unless otherwise stated

Q2/2010

Q1/2010

Q4/2009

Q3/2009

Q2/2009

Q1/2009

Software revenue (IFRS)

637

464

1,120

525

543

418

Revenue adjustment*

Software revenue (non-IFRS)

637

464

1,120

525

543

418

Support revenue (IFRS)

1,526

1,394

1,364

1,333

1,337

1,252

Revenue adjustment*

Support revenue (non-IFRS)

1,526

1,394

1,364

1,333

1,337

1,263

Subscription and other software-related service revenue (IFRS)

Revenue adjustment*

Subscription and other software-related service revenue (non-IFRS)

Software and software-related service revenue (IFRS)

2,258

1,947

2,566

1,937

1,953

1,741

Revenue adjustment*

Software and software-related service revenue (non-IFRS)

2,258

1,947

2,566

1,937

1,953

1,752

Total revenue (IFRS)

2,894

2,509

3,190

2,508

2,576

2,397

Revenue adjustment*

Total revenue (non-IFRS)

2,894

2,509

3,190

2,508

2,576

2,408

Operating profit (IFRS)

774

557

1,022

619

641

307

Revenue adjustment*

Expense adjustment*

113

Operating profit (non-IFRS)

840

612

1,134

687

710

396

Operating margin (IFRS)

26.7

22.2

32.0

24.7

24.9

12.8

Operating margin (non-IFRS)

29.0

24.4

35.5

27.4

27.6

16.4

Effective tax rate (IFRS)

27.4

25.7

31.1

20.5

28.5

31.7

Effective tax rate (non-IFRS)

26.8

25.3

30.5

21.0

28.1

30.1

Basic earnings per share, in € (IFRS)

0.41

0.33

0.57

0.38

0.36

0.17

Basic earnings per share, in € (non-IFRS)

0.46

0.37

0.64

0.42

0.40

0.22

Headcount**

48,021

47,598

47,584

47,810

48,567

49,922

* Adjustments in the revenue line items are for support revenue that an entity acquired by SAP would have recognized had it remained a stand-alone entity but
that SAP is not permitted to recognize as revenue under IFRS as a result of business combination accounting rules. Adjustments in the operating expense line
items are for acquisition-related charges and discontinued activities. See Explanations of Non-IFRS Measures for details.

** in full-time equivalents at quarter end

Differences may exist due to rounding.

EXPLANATIONS OF NON-IFRS MEASURES

This document discloses certain financial measures, such as non-IFRS revenues, non-IFRS expenses, non-IFRS operating income, non-IFRS operating margin, non-IFRS net income, non-IFRS earnings per share, free cash flow as well as constant currency revenue and operating income measures that are not prepared in accordance with IFRS and are therefore considered non-IFRS financial measures. Our non-IFRS financial measures may not correspond to non-IFRS financial measures that other companies report. The non-IFRS financial measures that we report should be considered in addition to, and not as substitutes for or superior to, revenue, operating income, cash flows, or other measures of financial performance prepared in accordance with IFRS. Our non-IFRS financial measures included in this document are reconciled to the nearest IFRS measure in the tables on the pages F8 to F13 above.

We believe that the supplemental historical and prospective non-IFRS financial information presented here provides useful supplemental information to investors because it is the same information used by our management in running our business and making financial, strategic and operational decisions – in addition to financial data prepared in accordance with IFRS – to attain a more transparent understanding of our past performance and our future results. The non-IFRS measures as defined below replaced the Non GAAP measures which we used until the termination of our US GAAP reporting. We use these non-IFRS measures consistently in our planning and forecasting, reporting, compensation and external communication. Specifically,

* Our management primarily uses these non-IFRS measures rather than IFRS measures as the basis for making financial, strategic and operating decisions.
* The variable remuneration components of our board members and employees are based on revenue and operating profit. However, the basis for the compensation is on non-IFRS revenue and non-IFRS operating profit rather than the respective IFRS measures.
* The annual budgeting process involving all management units is based on non-IFRS revenues and non-IFRS operating income numbers rather than IFRS numbers with costs such as share-based compensation and restructuring only being considered on corporate level.
* All monthly forecast and performance reviews with all senior managers globally are based on these non-IFRS measures, rather than IFRS numbers.
* Both, company-internal target setting and guidance provided to the capital markets are based on non-IFRS revenues and non-IFRS income measures rather than IFRS numbers.

We believe that our non-IFRS measures are useful to investors for the following reasons:

* The non-IFRS measures provide investors with insight into management’s decision-making since management uses these non-IFRS measures to run our business and make financial, strategic and operating decisions.
* The non-IFRS measures provide investors with additional information that enables a comparison of year-over-year operating performance by eliminating certain direct effects of acquisitions.

Our non-IFRS financial measures reflect adjustments based on the items below, as well as the related income tax effects:

Non-IFRS revenue:

Revenues in this document identified as non-IFRS revenue have been adjusted from the respective IFRS numbers by including the full amount of support revenue that would have been recorded by an entity acquired by SAP had it remained a stand-alone entity but which we are not permitted to record as revenue under IFRS due to fair value accounting for the support contracts in effect at the time of the respective acquisition.

Under IFRS, we record at fair value the support contracts in effect at the time an entity was acquired. Consequently, our IFRS support revenue, our IFRS software and software-related service revenue and our IFRS total revenue for periods subsequent to acquisitions do not reflect the full amount of support revenue that would have been recorded for these support contracts absent the acquisition by SAP. Adjusting revenue numbers for this revenue impact (if significant) provides additional insight into the comparability across periods of our ongoing performance.

Non-IFRS operating expense:

Operating expense figures in this report that are identified as non-IFRS operating expense have been adjusted by excluding the following acquisition-related charges:

* Acquisition related charges
o Amortization expense/impairment charges of intangibles acquired in business combinations and certain standalone acquisitions of intellectual property (including purchased in-process research and development)
o Restructuring expenses and settlements of pre-existing relationships incurred in connection with a business combination
o Acquisition-related third-party expenses
* Discontinued Activities: Results of the discontinued operations that qualify as such under IFRS in all respects except that they do not represent a major line of business

Non-IFRS operating income, non-IFRS operating margin, non-IFRS net income and non-IFRS earnings per share:

Operating income, operating margin, net income and earnings per share in this document identified as non-IFRS operating income, non-IFRS operating margin, non-IFRS net income and non-IFRS earnings per share have been adjusted from the respective operating income, operating margin, net income and earnings per share numbers as recorded under IFRS by adjusting for the above mentioned non-IFRS revenues and non-IFRS expenses.

We exclude the acquisition related expense adjustments for the purpose of calculating non-IFRS operating income, non-IFRS operating margin, non-IFRS net income and non-IFRS earnings per share when evaluating the continuing operational performance of the Company because these expenses generally cannot be changed or influenced by management after the relevant acquisition other than by disposing of the acquired assets. Since management at levels below the Executive Board has no influence on these expenses we generally do not consider these expenses for the purpose of evaluating the performance of management units.

We include the revenue adjustements outlined above and exclude the expense adjustements when making decisions to allocate resources, both on a Company level and at lower levels of the organization. In addition, we use these non-IFRS measures to gain a better understanding of the Company’s comparative operating performance from period to period. We believe that our non-IFRS financial measures described above have limitations, which include but are not limited to the following:

* The eliminated amounts may be material to us.
* Without being analyzed in conjunction with the corresponding IFRS measures the non-IFRS measures are not indicative of our present and future performance, foremost for the following reasons:
o While our non-IFRS income numbers reflect the elimination of certain acquisition-related expenses, no eliminations are made for the additional revenues and other revenues that result from the acquisitions.
o The acquisition-related charges that we eliminate in deriving our non-IFRS income numbers are likely to recur should SAP enter into material business combinations in the future.
o The acquisition-related amortization expense that we eliminate in deriving our non-IFRS income numbers is a recurring expense that will impact our financial performance in future years.
o The revenue adjustment for the fair value accounting of the acquired entities’ support contracts and the expense adjustment for acquisition-related charges do not arise from a common conceptual basis. This is because the revenue adjustment aims to improve the comparability of the initial post-acquisition period with future post-acquisition periods while the expense adjustment aims to improve the comparability between post-acquisition periods and pre-acquisition periods. This should particularly be considered when evaluating our non-IFRS operating income and non-IFRS operating margin numbers as these combine our non-IFRS revenue and non-IFRS expenses despite the absence of a common conceptual basis.

Additionally, our non-IFRS measures have been adjusted from the respective IFRS numbers for the results of the discontinued operations that qualify as such under IFRS in all respects except that they do not represent a major line of business. We refer to these activities as “discontinued activities.” Under our U.S. GAAP which we provided until 2009, we presented the results of operations of the TomorrowNow entities as discontinued operations. Under IFRS, results of discontinued operations may only be presented as discontinued operations if a separate major line of business or geographical area of operations is discontinued. Our TomorrowNow operations were not a separate major line of business and thus did not qualify for separate presentation under IFRS. We believe that this additional non-IFRS adjustment to our IFRS numbers for the results of our discontinued TomorrowNow activities is useful to investors for the following reasons:

* Despite the migration from U.S. GAAP to IFRS, we will continue to internally view the ceased TomorrowNow activities as discontinued activities and thus will continue to exclude potential future TomorrowNow results, which are expected to mainly comprise of expenses in connection with the Oracle lawsuit, from our internal management reporting, planning, forecasting, and compensation plans. Therefore, adjusting our non-IFRS measures for the results of the discontinued TomorrowNow activities provides insight into the financial measures that SAP will use internally beginning in 2010 with our migration to IFRS.
* By adjusting the non-IFRS numbers for the results from our discontinued TomorrowNow operations, the non-IFRS numbers are more comparable to the non-GAAP measures that SAP used through the end of 2009, which makes SAP’s performance measures before and after the full IFRS migration easier to compare.

We believe, however, that the presentation of the non-IFRS measures in conjunction with the corresponding IFRS measures as well as the relevant reconciliations, provides useful information to management and investors regarding present and future business trends relating to our financial condition and results of operations. We therefore do not evaluate our growth and performance without considering both non-IFRS measures and the relevant IFRS measures. We caution the readers of this document to follow a similar approach by considering our non-IFRS measures only in addition to, and not as a substitute for or superior to, revenues or other measures of our financial performance prepared in accordance with IFRS.

Free Cash Flow

We use our free cash flow measure to estimate the cash flow remaining after all expenditures required to maintain or expand the organic business have been paid off. This assists management with the supplemental information to assess our liquidity needs. We calculate free cash flow as net cash from operating activities minus additions to non-current assets, excluding additions from acquisitions. Free cash flow should be considered in addition to, and not as a substitute for or superior to, cash flow or other measures of liquidity and financial performance prepared in accordance with IFRS.

Constant Currency Period-Over-Period Changes

We believe it is important for investors to have information that provides insight into our sales. Revenue measures determined under IFRS provide information that is useful in this regard. However, both sales volume and currency effects impact period-over-period changes in sales revenue. We do not sell standardized units of products and services, so we cannot provide relevant information on sales volume by providing data on the changes in product and service units sold. To provide additional information that may be useful to investors in breaking down and evaluating changes in sales volume, we present information about our revenue and various values and components relating to operating income that are adjusted for foreign currency effects. We calculate constant currency year-over-year changes in revenue and operating income by translating foreign currencies using the average exchange rates from the previous year instead of the report year.

We believe that data on constant currency period-over-period changes has limitations, particularly as the currency effects that are eliminated constitute a significant element of our revenue and expenses and may severely impact our performance. We therefore limit our use of constant currency period-over-period changes to the analysis of changes in volume as one element of the full change in a financial measure. We do not evaluate our results and performance without considering both constant currency period-over-period changes in non-IFRS revenue and non-IFRS operating income on the one hand and changes in revenue, expenses, income, or other measures of financial performance prepared in accordance with IFRS on the other. We caution the readers of this document to follow a similar approach by considering data on constant currency period-over-period changes only in addition to, and not as a substitute for or superior to, changes in revenue, expenses, income, or other measures of financial performance prepared in accordance with IFRS.

Filed Under: International News Tagged With: Basic Earnings Per Share, Business Combination Accounting, earnings per share, exchange rates, explanations, Nyse, operating expenses, operating margin, operating profit, Period Changes, previous year, PRNewswire, profit figures, Quarter Ended June, Related Service, sap ag, Sap Software, Second Quarter Ended June, Service Revenues, Software Revenue

Ampio Pharmaceuticals, Inc. Announces Acquisition of DMI BioSciences, Inc.

July 28, 2010 By vani Leave a Comment

GREENWOOD VILLAGE, Colo., July 27 /PRNewswire-FirstCall/ — Ampio Pharmaceuticals, Inc. (OTC Bulletin Board: AMPE) today announced it has finalized negotiations with the directors of DMI BioSciences, Inc. (DMI) to acquire DMI BioSciences, Inc. This acquisition will give Ampio access to all rights, royalties and patents associated with DMI’s major assets, drugs for male sexual dysfunction including premature ejaculation (PE) and combination drugs to treat premature ejaculation and erectile dysfunction (ED). These assets are protected by multiple issued U.S. and international patents and additional patent fillings. Ampio will also receive valuable Phase III clinical trial data accumulated for the treatment of premature ejaculation.

DMI’s drug for premature ejaculation is a unique lower dose of an existing approved drug with a well established safety profile. The drug demonstrated robust efficacy, safety and patient tolerability in Phase II clinical trials and was licensed to an international specialty pharmaceutical company which started Phase III clinical trials in Europe with its proprietary oral formulation. DMI regained ownership of the male sexual dysfunction drugs when the licensee withdrew from the latest trials due to its recent industry merger and an internal refocusing of therapeutic areas of interest.

“These late stage drugs will complement our existing pipeline of other repurposed drugs that require less time and expense to start clinical trials,” said Don Wingerter, Ampio’s CEO. “As a result, we can have multiple trials running concurrently without the need for excessive capital or a drain on our personnel resources.”

Ampio recently announced it will begin patient recruitment for its trial of Optina™ for diabetic retinopathy and has started the CRO selection process for its clinical trial programs. Ampio will explore licensing opportunities for its sexual dysfunction drugs as soon as the terms of the acquisition agreement are approved by DMI shareholders.

About Ampio Pharmaceuticals

Ampio Pharmaceuticals, Inc. develops innovative proprietary drugs for metabolic disease, eye disease, kidney disease, inflammation and CNS disease. The product pipeline includes new uses for previously approved drugs and new molecular entities (“NMEs”). By concentrating on development of new uses for previously approved drugs, approval timelines, costs and risk of clinical failure are reduced because these drugs have strong potential to be safe and effective while their shorter development times can significantly increase near-term value. A key strategy includes actively exploring partnership, licensing and other collaboration opportunities to maximize Ampio’s product development programs.

About DMI BioSciences, Inc.

DMI BioSciences, Inc. was founded by Dr. David Bar-Or in 1990 to develop innovative diagnostic tests and drugs for the medical device and biopharmaceutical industry. DMI is a predecessor company to Ampio Pharmaceuticals.

Safe Harbor Statement

Certain of the above statements contained in this press release are forward-looking statements that involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those indicated in the forward-looking statements as a result of various factors.

Investor Contact: Redwood Consultants, LLC Tel: +1 415-884-0348

James V. Winkler, MD

Director of Medical Affairs

Ampio Pharmaceuticals, Inc.

8400 E. Crescent Parkway, Suite 600

Greenwood Village, CO 80111 USA

Tel: +1 303-418-1000; Direct: +1 303-418-1007

Fax: +1 303-418-1001

jwinkler@ampiopharma.com

This email message (including any documents, files, or previous email messages embedded in it or attached to it) contains information that may be confidential, may be protected by the attorney-client or other applicable privileges, or may constitute non-public information. It is intended to be conveyed only to the designated recipient(s). If you are not an intended recipient of this message, please notify the sender by replying to this message and then delete this message from your system without reading it. Use, copying, printing, dissemination, distribution or reproduction of this message by unintended recipients is not authorized and may be unlawful.

SOURCE Ampio Pharmaceuticals, Inc.

Filed Under: International News Tagged With: Acq, Ampe, Combination Drugs, Diabetic Retinopathy, Dmi, Industry Merger, International Patents, Male Sexual Dysfunction, Oral Formulation, otc bulletin board, patient recruitment, Personnel Resources, Pharmaceuticals Inc, PRNewswire, Rights Royalties, safety profile, Sexual Dysfunction Drugs, Therapeutic Areas, Treatment Of Premature Ejaculation, Wingerter

Discover by Cooliris Delivers Fast and Fluid Experience for Knowledge Discovery on iPad

July 28, 2010 By vani Leave a Comment

PALO ALTO, Calif., July 27 /PRNewswire/ –

News Facts

Cooliris, innovator of the fastest and most stunning way to engage with media on desktops or devices, today announced the release of Discover, a freely available, immersive new iPad application that empowers users to explore information through an innovative, seamless magazine-style interface on Wikipedia.

Discover by Cooliris leverages the power of the iPad platform to deliver an enjoyable experience for Wikipedia’s vast collection of articles. Discover facilitates knowledge discovery with a fresh, intuitive user interface, and makes exploration a delightful experience, while also enabling users to find what they are searching for quickly and easily.

Featuring a beautiful and intuitive flowing interface, Discover by Cooliris enables users to flip easily and quickly through Wikipedia information like a magazine, instead of just clicking links and scrolling through long, text-heavy articles. The outstanding breadth and depth of information provided by Wikipedia can sometimes make it difficult for users to navigate its content, or even know where to begin.

Through the crisp, magazine style interface, users are provided with simplified “flow” navigation, glossy photos and the ability to dive more deeply into a new concept or information using smart search on Wikipedia. Upon entering the experience, Discover showcases a beautifully displayed daily selection of featured Wikipedia articles, and media such as the Photo of the Day.

To deliver the magazine-style interface, Discover has implemented hypertext linking through iOS press and hold functionality, enabling users to highlight any word or term to access either the Wikipedia link or the word definition. A simple shake of the iPad delivers the featured article of the day, or takes you to a brand new article to discover.

For information on availability please visit: http://www.cooliris.com/mobile/ipad/

Supporting Quotes

“Acquiring knowledge does not need to be a boring exercise, and the popularity of Wikipedia for users around the works is undeniable. By turning Wikipedia into a ‘live magazine,’ we offer readers a virtually limitless source of quality content that is delightful to use on a daily basis,” said Soujanya Bhumkar, CEO and Co-founder, Cooliris. “Discover delivers on our promise to go beyond the browser with the user content experience as the priority and top of mind.”

“Cooliris Discover delivers their brilliantly fluid contextual navigation for the brilliantly personal iPad – a perfect marriage,” says Randy Komisar, partner at Kleiner Perkins Caufield and Byers. “Tablets invite a new way to touch and swipe your way through an ever bewildering mass of video, images and information. Starting with Wikipedia, Cooliris Discover provides people with a powerful way to find and assemble mundane content into beautifully presented personal media.”

Supporting Resources

* Cooliris
* Discover by Cooliris
* Cooliris Blog

About Cooliris

Cooliris was founded in January 2006 with a simple mantra: “Think beyond the browser.” We focus on creating products that make discovering and enjoying the Web more exciting, efficient, and personal. Each of us is passionate about serving our users without compromise and seeing that our products deliver the best experience possible. Headquartered in Palo Alto, CA, Cooliris is backed by Kleiner Perkins Caufield & Byers, DAG Ventures, the Westly Group, and T-Ventures. For more information, please visit http://www.cooliris.com/company/.

Filed Under: International News Tagged With: breadth, Cooliris, delightful experience, Enjoyable Experience, Featured Article, Glossy Photos, Innovator, Interface Users, Intuitive User, Ipad, Knowledge Discovery, Magazine Style, new article, Photo Of The Day, PRNewswire, Smart Search, Style Interface, user interface, wikipedia, Word Definition

P&G Recalls Two Lots of Prescription Renal Diet Cat Food Due to a Possible Health Risk

July 26, 2010 By vani Leave a Comment

CINCINNATI, July 25 /PRNewswire-FirstCall/ — The Procter & Gamble Company (P&G) (NYSE: PG), is voluntarily recalling two specific lots of its prescription renal dry cat food as a precautionary measure, as it has the potential to be contaminated with salmonella.

(Photo: http://photos.prnewswire.com/prnh/20100725/LA40449 )

(Photo: http://www.newscom.com/cgi-bin/prnh/20100725/LA40449 )

The following products are included:

Product Name

Lot Code

UPC Code

Iams Veterinary Formulas Feline Renal 5.5 lbs

01384174B4

0 19014 21405 1

Iams Veterinary Formulas Feline Renal 5.5 lbs

01384174B2

0 19014 21405 1

This product is available by prescription through veterinary clinics throughout the U.S.

No illnesses have been reported. A FDA analysis identified a positive result on the lot codes listed above. Lot codes can be found in the lower right corner on the back of the bag.

Consumers who have purchased dry cat food with these codes should discard it. People handling dry pet food can become infected with Salmonella, especially if they have not thoroughly washed their hands after having contact with surfaces exposed to this product. Healthy people infected with Salmonella should monitor themselves for some or all of the following symptoms: nausea, vomiting, diarrhea or bloody diarrhea, abdominal cramping and fever. Rarely, Salmonella can result in more serious ailments including arterial infections, endocarditis, arthritis, muscle pain, eye irritation and urinary tract symptoms. Consumers exhibiting these signs after having contact with this product should contact their healthcare providers.

Pets with Salmonella infections may have decreased appetite, fever and abdominal pain. If left untreated, pets may be lethargic and have diarrhea or bloody diarrhea, fever and vomiting. Infected but otherwise healthy pets can be carriers and infect other animals or humans. If your pet has consumed the recalled product and has these symptoms, please contact your veterinarian.

For further information or a product refund call P&G toll-free at 877-894-4458 (Monday – Friday, 9:00 AM to 6:00 PM EST).

About Procter & Gamble

Four billion times a day, P&G brands touch the lives of people around the world. The company has one of the strongest portfolios of trusted, quality, leadership brands, including Pampers®, Tide®, Ariel®, Always®, Whisper®, Pantene®, Mach3®, Bounty®, Dawn®, Gain®, Pringles®, Charmin®, Downy®, Lenor®, Iams®, Crest®, Oral-B®, Duracell®, Olay®, Head & Shoulders®, Wella®, Gillette®, Braun® and Fusion®. The P&G community includes approximately 135,000 employees working in about 80 countries worldwide. Please visit http://www.pg.com for the latest news and in-depth information about P&G and its brands.

Media Contact: Jason Taylor 513-622-3205

Contact: P&G Consumer Relations – 877-894-4458

SOURCE The Procter & Gamble Company

Filed Under: International News Tagged With: Abdominal Cramping, Bloody Diarrhea, Diarrhea Fever, Dry Cat Food, Dry Pet Food, Eye Irritation, Fda Analysis, health risk, Muscle Pain, Nausea Vomiting, precautionary measure, PRNewswire, Procter & Gamble, Procter Gamble Company, Renal Diet, salmonella infections, Symptoms Nausea, Upc Code, urinary tract symptoms, Veterinary Clinics

Rentrak Announces Official Box Office Totals for Weekend of July 23, 2010

July 26, 2010 By vani Leave a Comment

LOS ANGELES, July 25 /PRNewswire-FirstCall/ — Rentrak Corporation (Nasdaq: RENT), today announced the official weekend theatrical box office numbers for the weekend period of July 23 through July 25, 2010 according to the company’s Box Office Essentials™ theatrical box office data collection and analytical service.

To access the Top-12 grossing motion pictures for the weekend, per data collected as of Sunday, July 25, 2010, please visit RENTRAK.com.

About Box Office Essentials

Box Office Essentials collects data for virtually every movie theater in the United States, Canada, Guam and Puerto Rico. Delivered in near-real-time, the data is collected through an electronic connection with thousands of theater box offices, allowing users to view online reports from anywhere around the world, while watching virtually the minute-by-minute sale of tickets. Box Office Essentials delivers robust amounts of data which is transformed into a comprehendible view of the market. Used by every studio as well as many independent distribution entities, the service gives users up to-the-minute information enhancing the ability to make faster and better-informed business decisions.

About Rentrak Corporation

Rentrak Corporation is a global digital media measurement and research company, serving the most recognizable companies in the entertainment industry. With a reach across numerous platforms including box office, home entertainment, video on demand and linear television, broadband and mobile, Rentrak has developed more efficient metrics to be used as alternative currencies for the evaluation and selling of media. Rentrak is headquartered in Portland, Oregon, with additional offices worldwide. For more information on any of Rentrak’s services, please visit www.rentrak.com.

Filed Under: International News Tagged With: analytical service, Box Office Numbers, Box Office Totals, Digital Media Measurement, Distribution Entities, Electronic Connection, entertainment industry, firstcall, Home Entertainment, Independent Distribution, Informed Business Decisions, Motion Pictures, movie theater, nasdaq, office essentials, PRNewswire, Recognizable Companies, rentrak corporation, s box, weekend period

Remarks as Prepared for Delivery by Attorney General Holder at the African Union Summit

July 26, 2010 By vani Leave a Comment

KAMPALA, Uganda, July 25 /PRNewswire-USNewswire/ — Excellencies, Distinguished Heads of State and Government, Honorable Ministers, Leaders of the African Union, Leaders of the African Commission, Ladies and Gentlemen. I am honored to be with you all. I am grateful for this opportunity to salute, and to help strengthen, the critical work of the African Union. And I am proud to bring greetings from President Barack Obama and the American people.

President Obama recognizes the growing importance of the African Union; he understands that a stronger Africa means a stronger America; and he appreciates the work that you are leading to strengthen political and economic cooperation across this continent.

Today, I want to extend my personal thanks to Chairperson Jean Ping and the AU leadership for helping to facilitate my visit and welcoming my participation. I was pleased to receive Chairperson Ping and his delegation in Washington a few months ago, during the first high-level U.S.-AU bilateral meetings, and I look forward to continuing our discussions.

I also want to thank President Museveni and the citizens of Kampala for welcoming me to this beautiful city and for hosting this important summit.

It is fitting that we’ve gathered here in Uganda – the nation that has been called “the pearl of Africa” – to determine how the potential of Africa and her people might be unlocked.

In the last 30 years, the people of Uganda have made progress that, once, had seemed impossible – the restoration of law and order; the reopening of schools and colleges; and the reconstruction of government, health care, and financial systems. The fact that we are here today – and that Kampala is now a center of international politics, learning, culture, and commerce – is a testament to the strength and resilience of the Ugandan people.

This strength has never been more obvious. This resilience has never been more inspiring.

I am proud to stand with the people of Uganda – and with her partners across this continent and around the world. But I am deeply sorry that we are now bound, not only by friendship and partnership, but also by a shared loss, a shared threat, and a shared grief.

Two weeks ago today, Uganda awakened to a new danger and began a new chapter in a history that, too often, has been scarred by violence. As the World Cup’s final match was being played, men, women, and children across Kampala were enjoying life’s greatest blessings – the joys of friendship and fellowship. That evening, the eyes of the world were fixed upon this continent – bearing witness to historic progress, to hard-won unity and, then suddenly, to heartbreaking tragedy.

Fourteen days after bombs ripped through the Kyandondo Rugby Club and the Ethiopian Village restaurant, we now know the statistics that have been assigned to this tragedy – 74 killed, 85 wounded. But we will never be able to measure the grief, the anger, and – above all – the compassion that followed these attacks. Al-Shabaab – a terrorist group operating in Somalia with ties to al-Qaeda – has claimed responsibility for murdering and injuring these innocent victims. And its leaders have infamously described these bombings as warranted acts of vengeance. But make no mistake: these attacks were nothing more than reprehensible acts of cowardice, inspired by a radical and corrupt ideology that systematically denies human rights, devalues women and girls, and perverts the peaceful traditions and teachings of a great religion.

America is among many nations now in mourning – grieving the loss of all of those defenseless victims, including one of our own citizens, and praying for the others who were injured. My nation is also among many working to bring the perpetrators of these vicious acts to justice. To assist Uganda in its investigation, we’ve provided a team of FBI forensic experts and offered both technical assistance and intelligence resources.

The United States also recognizes that ending the threat of al-Shabaab to the world will take more than just law enforcement. That is why we are working closely with the AU to support the African Union’s Mission in Somalia. The United States applauds the heroic contributions that are being made on a daily basis by Ugandan and Burundian troops, and we pledge to maintain our support for the AU and the AU Mission in Somalia.

As our countries work together, with the support of the international community, my hope is that we will also always remember what was irreplaceably lost here in Kampala. Individuals with families. Individuals with futures. And individuals afflicted with the most tragic of fates – dying while doing good.

To his students, Nate Henn was known as “Oteka” – The Strong One. He had traveled from the United States to help Uganda’s most vulnerable children, to provide them with an education, and to reveal to them a simple truth: that great futures await them. Tragically, Nate’s own future has been lost to the ages.

Stephen Tinka, a Ugandan journalist and radio presenter, and one of the many Ugandans who were killed, was known for his infectious personality and his distinctive voice – a voice now silenced.

Ramaraja Krishna, a Sri Lankan father of two daughters, came to Uganda two years ago to help advance this nation’s economy. Today, his body rests, once again, at home.

Marie Smith of Ireland was a missionary who spent 30 years helping Africans less fortunate than herself. But her work came to an abrupt end – not because of who she was or what she believed, but because of the seat she’d chosen on that catastrophic Sunday evening.

That is profoundly wrong. And any attempt to justify these murders of innocents is unimaginably shameful. As we struggle to make sense from the unfathomable, and as we seek justice from the ashes, we can take comfort – and find faith – in the Ugandan proverb that reminds us, “When the moon is not full, the stars shine more brightly.” Yes, it is darker out today than it was just weeks ago. But we must believe – and we must make certain – that the stars of goodwill and grace and, above all, of justice will shine brighter now than before.

In this time of new threats and unprecedented challenges, the importance of the African Union’s mission and work is brought into stark focus. Over the last eight years, you have united a diversity of nations around common goals. You’ve paved new paths for communication and cooperation, and for prosperity, peace, and healing. Together, you’ve established agreements to strengthen democratic institutions, to prevent and combat corruption, and to ensure the integrity of your elections and the strength of your justice systems. And you’ve pooled your resources and knowledge to increase Africa’s participation in the global marketplace and to provide Africa’s people with goods, services, and opportunities, as well as with leadership that honors their will and their best interests.

At the beginning of this year – your membership declared 2010 to be the “Year of Peace and Security.” Together, you ignited a “flame of peace” that was placed in the care of President Mutharika. From Malawi, this flame began a year-long journey to all 53 AU member nations.

This journey continues. This flame still burns. And this Year of Peace and Security must live on. For too much is at stake. Too much has been sacrificed. And too much is yet to be realized.

Like President Obama, I believe that the 21st century will be shaped by what happens here in Africa. Your security and prosperity, the health of your people and the strength of your civil society, will have a direct and profound impact on the world’s communities and on the advancement of human rights and human progress everywhere.

During his early days in office, President Obama traveled to Africa. In Cairo and in Accra, he described what he saw as “an extraordinary moment of promise” for this continent – a new era for international cooperation; a new beginning.

President Obama also made clear that “Africa’s future is up to Africans.” And, today, I want to reaffirm America’s commitment to ensuring that this future is not hijacked or compromised; and that the progress you’re working to achieve is not derailed or delayed.

I am proud to be counted among the African Diaspora – this continent is my ancestral home, I am of this place. Your work is of special and emotional importance to me – and not only because I am proud to serve alongside my nation’s first African-American President or proud to be its first African-American Attorney General. I also join with you, and with my fellow citizens, in celebrating Africa’s success because I recognize that the fate of my own country is intertwined with each of yours.

The future we will share depends on what we do today – on the goals we set, the relationships we forge, the commitments we make and the actions we take. And despite today’s many challenges and uncertainties, one thing is clear: As your historic efforts to promote peace, development, justice, and opportunity continue, the United States will act in partnership and in common cause to help the African Union achieve its goals and fulfill its mission.

There are four specific areas where, I believe, America’s support must continue and where I hope our partnership can be strengthened: in combating global terrorism and international crime; in promoting good governance and the rule of law; in creating the conditions and capacity for economic development; and, finally, in ensuring that Africa’s women and girls are no longer disproportionately affected by violence or denied basic rights and equal opportunities to learn, to dream, and to thrive.

In each of these areas, the United States intends to serve, not as a patron but as a partner – as a collaborator, not a monitor.

First of all, because opportunity and prosperity cannot be realized without security, the United States will continue to direct every resource and tool at our command – from diplomacy and military tactics to our courts and intelligence capabilities – to defeat the global terror network. In protecting our people and defending our allies, we will respect the sovereignty of nations, as well as the rule of law. And we will look to engage more AU member nations in this work.

Second, we will strengthen current efforts to promote good governance and to combat and prevent the costs and consequences of public corruption. Today, when the World Bank estimates that more than one trillion dollars in bribes are paid each year out of a world economy of 30 trillion dollars, this problem cannot be ignored. And this practice must never be condoned. As many here have learned – often in painful and devastating ways – corruption imperils development, stability, competition, and economic investment. It also undermines the promise of democracy.

As my nation’s Attorney General, I have made combating corruption, generally and in the United States, a top priority. And, today, I’m pleased to announce that the U.S. Department of Justice is launching a new Kleptocracy Asset Recovery Initiative aimed at combating large-scale foreign official corruption and recovering public funds for their intended – and proper – use: for the people of our nations. We’re assembling a team of prosecutors who will focus exclusively on this work and build upon efforts already underway to deter corruption, hold offenders accountable, and protect public resources.

And although I look forward to everything this new initiative will accomplish, I also know that prosecution is not the only effective way to curb global corruption. We will continue to work with your governments to strengthen the entire judicial sector, a powerful institution in our democracy which depends on the integrity of our laws, our courts, and our judges. We must also work with business leaders to encourage, ensure, and enforce sound corporate governance. We should not, and must not settle for anything less.

Third, the United States – guided by President Obama’s international economic development plan – will work to expand current economic development efforts. Here in Africa, President Obama has signaled his commitment to foreign assistance, with the goal that such support will, over time, no longer be necessary. This goal is driving our work to help Africa develop new sources of energy, to create green jobs, to grow new crops, and to develop new education and training programs.

Finally, because we’ve seen that the global struggle for women’s equality continues – in many aspects of American life, as well as in countries across this continent and around the world – we know that our work to promote security, opportunity, and justice must include a special focus on women and girls. The unique challenges and urgent threats facing women and girls across Africa have inspired unprecedented action, collaboration, and investments by the U.S. government. In particular, I am proud of the contributions that U.S. Department of Justice prosecutors and law enforcement agents have made here in Africa, through the Women’s Justice Empowerment Initiative – a three-year, $55-million-dollar program that was developed by the U.S. Departments of Justice and State, and the U.S. Agency for International Development. In Kenya, South Africa, Zambia, and Benin, this initiative has helped to train attorneys, investigators, law enforcements officials, and medical professionals in an effort to improve prosecutions and to raise awareness about the special needs of victims.

Through this initiative, we are joining with partners across this continent to educate Africans about violence against women and girls, to build the capacity of local governments to serve and assist victims, and to strengthen the ability of Africa’s legal systems and law enforcement communities to protect women and girls. This work is making a difference. It must be a priority for all on this continent. This work is changing lives, families, and communities. And while I believe it has the power, the possibility, to transform entire cultures and countries, I am certain that its ongoing success and impact is directly linked to the engagement and commitment of you: Africa’s leaders.

I have great hope for what can be achieved through ongoing international initiatives and strong AU partnerships. But I do not pretend that the progress we all seek – and the conditions and opportunities that all African citizens deserve – will come easily or quickly.

And yet, we all can be – and should be – encouraged that the state of the African Union is strong. And we have good reason to feel hopeful that this extraordinary moment of progress is, indeed, a new beginning – the start of a journey toward greater peace and unity, toward freedom and prosperity, toward opportunity and justice for all.

And although we may take our first steps beneath dark skies, our path forward will be guided by the flame of peace – and by the bright flicker of stars. In this Year of Peace and Security, America is proud to walk at your side, privileged to count you as partners, and grateful to call you friends.

Filed Under: International News Tagged With: Barack Obama, beautiful city, Bilateral Meetings, chairperson, Critical Work, delegation, economic cooperation, Government Health Care, heads of state and government, Honorable Ministers, International Politics, ladies and gentlemen, law and order, Personal Thanks, President Museveni, PRNewswire, reconstruction, resilience, Union Leaders, union summit

Kamie Crawford, Miss Maryland Teen USA, Crowned Miss Teen USA 2010 on July 24th, Live on www.missteenusa.com and www.seventeen.com

July 26, 2010 By vani Leave a Comment

PARADISE ISLAND, Bahamas, July 25 /PRNewswire/ — Kamie Crawford, Miss Maryland Teen USA, was crowned Miss Teen USA 2010 last evening at the beautiful Atlantis, Paradise Island in the Bahamas on July 24, 2010. The 17-year-old winner is from Potomac, MD. The Miss Teen USA® pageant was streamed online to a worldwide audience at www.missteenusa.com and at www.seventeen.com.

Miss USA 2008, Crystle Stewart, and Seth Goldman of NBC’s “Entertainment Buzz” emceed this year’s pageant. Outgoing Miss Teen USA 2009, Stormi Henley, debuted her anticipated single “Quite Like Me” during this year’s show, marking the beauty’s first worldwide musical performance.

This year’s distinguished panel of judges included: Chuck LaBella, Emmy-nominated producer associated with shows such as “The Celebrity Apprentice” and “Last Comic Standing”; Fred Nelson, President of People’s Choice and oversees the People’s Choice Awards; Michelle Malcolm, President of Michelle Malcolm and Associates and producer of the Miss Bahamas Beauty Pageant; Chet Buchanan, radio and television personality, creator and host of Las Vegas’ top-rated radio show “Chet Buchanan & The Morning Zoo”; Heather Kerzner, Ambassador of Kerzner International; and Eva Chen, Beauty and Health Director, Teen Vogue.

Throughout the event, the contestants competed in three categories: swimsuit, evening gown and interview. Stormi Henley, Miss Teen USA 2009, crowned her successor at the conclusion of the two-hour live event.

Final Results:

First Runner-Up:

Lexi Atkins, Miss Illinois Teen USA, who will assume the duties of
Miss Teen USA 2010 if for some reason she cannot fulfill her responsibilities.

Second Runner-Up:

Emma Baker, Miss California Teen USA

Third Runner-Up:

Angelina Nichole Layton, Miss Utah Teen USA

Fourth Runner-Up:

Haley Brook Sowers, Miss Mississippi Teen USA

Top Fifteen:

Megan Burgess, Miss Arkansas Teen USA

Beth Ridgeway, Miss Alabama Teen USA

Camilla Cyr, Miss Washington Teen USA

Thatiana Diaz, Miss New York Teen USA

Kristen Rose, Miss Tennessee Teen USA

Taylor Hubbard, Miss Kentucky Teen USA

Alyssa Rivera, Miss Florida Teen USA

Caroline Scott, Miss Wyoming Teen USA

Kandis Holt, Miss Oklahoma Teen USA

Jacqueline Carroll, Miss Virginia Teen USA

Miss Photogenic Teen USA® Award: Chelsea Morgensen, Miss Texas Teen USA. This year, for the first time, fans had the opportunity to vote online at www.PeoplesChoice.com for the delegate who best connected with her audience through a photograph. Chelsea was chosen by 100,000 online voters.

Miss Congeniality Teen USA® Award: Hosanna Kabakoro, Miss Idaho Teen USA. The award reflects the respect and admiration of the delegate’s peers, who voted for her as the most congenial, charismatic and inspirational participant.

The MISS TEEN USA® 2010 prize package includes: custom diamond tiara and jewelry created by Diamond Nexus Labs; a two-year scholarship from the New York Film Academy worth more than $100,000 dollars to its acting or film-making programs; an evening gown wardrobe designed by Sherri Hill; a year’s worth of cosmetics by Pursuit of the Crown; year-long supply of Farouk Systems products and tools; a six-day/five-night vacation for two, including airfare, at Atlantis, Paradise Island, Bahamas; a $500 gift certificate to Jamye Shaw swimwear; training sessions at Gravity Fitness and hair services from John Barrett Salon; modeling portfolio by leading fashion photographer Fadil Berisha; professional media/public relations representation by Rubenstein Public Relations in New York City; consultations with professional health and nutritionist Tanya Zuckerbrot, dermatology and skincare services by Dr. Cheryl Thellman-Karcher and dental services by Dr. Jan Linhart, D.D.S.; access to various New York City events including movie premiers and screenings, Broadway shows and launch parties; consultations with a fashion stylist and access to a personal appearance wardrobe; casting opportunities and professional representation by the Miss Universe Organization; extensive travel opportunities representing sponsors and charitable partners; professional representation by the Miss Universe Organization to further her personal and professional goals.

Tune-in and watch as the next Miss Universe® is crowned live on NBC on Monday, August 23rd at 9:00 p.m. ET from Mandalay Bay Resort & Casino in Las Vegas!

About MISS TEEN USA®

The Miss Universe Organization, producers of the MISS UNIVERSE®, MISS USA® and MISS TEEN USA® pageants, is a Donald J. Trump and NBC Universal joint venture. Miss Teen USA spends her year building relationships with organizations devoted to education and action, such as Best Buddies, D.A.R.E., Girl Talk, Sparrow Clubs and Project Sunshine. For more information visit: www.missteenusa.com.

Follow Miss Teen USA®:

* Facebook: www.facebook.com/OfficialMissTeenUSA
* YouTube: www.youtube.com/OfficialMissTeenUSA
* Twitter: @TheRealTeenUSA
* Blogs: www.missuniverse.com/missteenusa/blogs/index

About Atlantis, Paradise Island resort, The Bahamas

Atlantis, Paradise Island is the flagship resort of Kerzner International, a leading international developer and operator of destination resorts, casinos and luxury hotels. This unique, ocean-themed destination is located on Paradise Island, The Bahamas, and features a variety of accommodations, all built around a 140-acre waterscape comprised of over 20 million gallons of fresh and saltwater lagoons, pools and habitats. Home to the largest open-air marine habitat in the world – second only to Mother Nature – there are over 50,000 marine animals in lagoons and displays, including The Dig, a maze of underwater corridors and passageways providing a journey through ancient Atlantis. Atlantis unveiled AQUAVENTURE, a non-stop water experience consisting of thrilling new water slides, a mile-long river ride with high intensity rapids and wave surges, and never-before-seen special effects. Dolphin Cay was created with the goal of enlightening visitors about the wonders of these remarkable ocean inhabitants. The Cove Atlantis, a 600-room resort, features oversized rooms with a step down living space, spectacular designs by acclaimed interior architects Jeffrey Beers and David Rockwell, unprecedented services and amenities, private all-adult and family pools, lavish cabanas and breathtaking views of the ocean. Atlantis is also known as THE culinary destination in The Caribbean with a collection of restaurants from world-renowned chefs including Nobu Matsuhisa, Jean-Georges Vongerichten, Bobby Flay and Angelo Elia. The resort boasts an impressive collection of luxury boutiques and shops and the largest conference center, meeting and convention facilities in The Caribbean. For further information about Atlantis, Paradise Island; telephone 954-809-2000, or visit Atlantis.com. For reservations, call your travel agent or 800-ATLANTIS.

Filed Under: International News Tagged With: Atlantis Paradise Island, Celebrity Apprentice, Chet Buchanan, crystle stewart, Emma Baker, Eva Chen, Haley Brook, Heather Kerzner, Kerzner International, Miss Bahamas, Miss Maryland, Miss Teen Usa, Miss Teen Usa Pageant, Missteenusa, Morning Zoo, Paradise Island Bahamas, Paradise Island In The Bahamas, PRNewswire, Teen Usa Pageant, Teen Vogue

AT&T U-verse Arrives in Chattanooga

July 26, 2010 By vani Leave a Comment

Chattanooga Customers Get New TV Service That Ranks Highest in Customer Satisfaction in J.D. Power and Associates Study

PR Newswire

CHATTANOOGA, Tenn., July 25

CHATTANOOGA, Tenn., July 25 /PRNewswire-FirstCall/ — Chattanooga residents now have a new choice for their television and communications services powered by the most advanced technology. AT&T* today announced the launch of AT&T U-verse® services in parts of Chattanooga, including AT&T U-verse TV, AT&T U-verse High Speed Internet and AT&T U-verse Voice. The services will be available for order beginning Monday, July 26.

“This investment by AT&T is great news for Chattanooga, as it brings exciting new technology and new jobs to our community,” said Hamilton County Mayor Claude Ramsey. “I applaud the men and women of AT&T for their commitment to our hometown and am honored to help them celebrate this occasion.”

AT&T U-verse services, which are all delivered over AT&T’s advanced Internet Protocol (IP) network, offer a new alternative to cable with a better DVR, better features and apps, and a better TV experience. AT&T U-verse brings together your TV, broadband, home phone and AT&T wireless services – all on one bill – with unique features that provide a new level of integration, convenience and control. AT&T U-verse TV ranked “Highest in Residential Television Service Satisfaction in the South Region Two Years in a Row,” according to the J.D. Power and Associates 2008 and 2009 Residential Television Service Provider Satisfaction Studies(SM).

“Today’s launch of AT&T U-verse reflects our commitment to make the significant investments to bring Tennessee consumers a new era of true video competition,” said Gregg Morton, president, AT&T Tennessee.

AT&T U-verse is being expanded in Tennessee thanks to The Competitive Cable and Video Services Act of 2008, HB 1421. The law signed by Gov. Bredesen provides an environment that encourages new video providers, such as AT&T Tennessee, to invest in Tennessee to compete against incumbent cable providers. AT&T U-verse launched in Tennessee in December 2008.

“We are thrilled to offer this innovative video choice to customers in the Chattanooga area,” said Morton. “As we celebrate this Chattanooga launch, I want to remember the contributions of the Tennessee General Assembly to open Tennessee’s video services marketplace to competition which is truly benefiting consumers. I would like to again thank Chattanooga area elected officials Representative Gerald McCormick and Hamilton County Mayor Claude Ramsey and the other supporters of AT&T who helped bring competition and choice for consumers.”

“This investment by AT&T is great news for Chattanooga, as it brings exciting new technology and to our community,” said Rep. Gerald McCormick. “As Tennessee policymakers, our goal was to increase investment throughout the state and give consumers more choices and innovative new services and I’m honored to help AT&T celebrate this launch.”

More Choice, Advanced Features

AT&T U-verse TV is the only 100 percent Internet Protocol-based television (IPTV) service offered by a national service provider, making AT&T U-verse one of the most dynamic and application-rich services available today, with advanced capabilities that customers don’t get from other providers.

“We’re excited bring more choice and competition to Chattanooga,” said Bryan Klamer, general manager-Home Solutions, AT&T Tennessee. “We know customers want a better choice to break free from cable, and AT&T U-verse is the answer. And we’ll continue to make U-verse TV even better for customers with regular upgrades and new cool applications that enhance their TV experience.”

Where AT&T U-verse services are available, local U-verse TV customers can enjoy numerous features and applications, including the freedom to manage and playback your recorded programs from a single DVR on any U-verse connected TV in the house with Total Home DVR; the ability to choose and watch up to four of your favorite channels at one time with the exclusive My Multiview app; an extensive High Definition (HD) channel lineup with access to more than 130 HD channels; the ability to program DVR recordings from your Web-connected mobile phone or PC; personalized, on-screen weather, sports, traffic and stock information via AT&T U-bar; the ability to check the current weather conditions and forecasts in any U.S. city with Weather On Demand; and more.

With AT&T U-verse High Speed Internet services, every AT&T U-verse customer or small business broadband user can enjoy faster available speeds. Packages include a range of speeds, with the fastest downstream speeds up to 24 Mbps. All AT&T U-verse High Speed Internet packages include wireless home or office networking capability at no extra cost.

AT&T U-verse Voice is a managed IP-based service that is delivered over AT&T’s fiber-rich network. This allows U-verse Voice customers to enjoy great sound quality and reliability, as well as unmatched calling features that integrate with your AT&T U-verse TV, high speed internet and AT&T wireless services. Customers can benefit from a single, combined voice mailbox for AT&T U-verse Voice and AT&T wireless messages; an online portal to manage your call preferences and settings from any PC; an online voice mailbox; the ability to view your incoming calls and voicemail notifications on your TV with Caller ID on TV; the ability to view your Call History on your TV and initiate a call from your PC or TV using Click to Call; and more. All U-verse Voice customers have 911 service.

AT&T U-verse offers multiple combinations of TV, Internet and Voice packages to customize your experience. Standard professional installation is included in most packages, and you also get a 30-day money-back guarantee. Additional promotional offers may be available to qualifying customers who bundle U-verse Internet or U-verse Voice service.

For additional information on AT&T U-verse — or to find out if it’s available in your area — visit www.att.com/u-verse, call 800-ATT-2020 or visit one of the following AT&T Tennessee retail locations:

* 4494 Frontage Rd., NW, Cleveland, Tenn., 37312
* 1853 Gunbarrel Rd., Chattanooga, Tenn. 37421
* 5724 Hwy. 153, Suite A, Hixson, Tenn. 37343

*AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc.

About AT&T

AT&T Inc. (NYSE: T) is a premier communications holding company. Its subsidiaries and affiliates – AT&T operating companies – are the providers of AT&T services in the United States and around the world. With a powerful array of network resources that includes the nation’s fastest 3G network, AT&T is a leading provider of wireless, Wi-Fi, high speed Internet and voice services. A leader in mobile broadband, AT&T also offers the best wireless coverage worldwide, offering the most wireless phones that work in the most countries. It also offers advanced TV services under the AT&T U-verse® and AT&T | DIRECTV brands. The company’s suite of IP-based business communications services is one of the most advanced in the world. In domestic markets, AT&T Advertising Solutions and AT&T Interactive are known for their leadership in local search and advertising. In 2010, AT&T again ranked among the 50 Most Admired Companies by FORTUNE® magazine.

Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at http://www.att.com. This AT&T news release and other announcements are available at http://www.att.com/newsroom and as part of an RSS feed at www.att.com/rss. Or follow our news on Twitter at @ATTNews. Find us on Facebook at www.Facebook.com/ATT to discover more about our consumer and wireless services or at www.Facebook.com/ATTSmallBiz to discover more about our small business services.

© 2010 AT&T Intellectual Property. All rights reserved. 3G service not available in all areas. AT&T, the AT&T logo and all other marks contained herein are trademarks of AT&T Intellectual Property and/or AT&T affiliated companies. All other marks contained herein are the property of their respective owners.

Geographic and service restrictions apply to AT&T U-verse. Call or go to www.att.com/uverse to see if you qualify.

AT&T U-verse TV: Residential customers only. Prices, programming and offers subject to change without notice. A one-time TV service activation fee of $29 applies. HD Service: Access to HD service requires $10/mo. HD Premium Tier available for an additional $5/mo. HD channel availability varies by package selected. THDVR: Total Home DVR functionality is available on up to 8 TVs, and requires a receiver for each additional TV at $7/mo. My Multiview: Channels/content available for viewing in Multiview are based on TV package subscription and additional programming purchased. Limited number of HD channels are not supported for display within My Multiview. Mobile Remote Access: AT&T U-verse High Speed Internet Account required. Wireless phone with Internet access required and standard data charges may apply. U-bar: AT&T U-verse High Speed Internet Account required. Standard Installation Included with Most Packages: Offer ends 11/6/10. Credit qualified customers only. Installation not included with U-basic package. 30 Day Money Back Guarantee: Offer ends 11/6/10. Must cancel all AT&T U-verse services within 30 days from service activation. Adjustment provided for initial installation charges and one month service charges, if paid. Customer is responsible for all additional charges including but not limited to On Demand, Pay Per View, international calls, other pay-per-use features and non-returned equipment charges. Other conditions and restrictions may apply to all offers. Offers may be modified or discontinued at anytime without notice. AT&T employees or retirees not eligible for promotional offers.

AT&T U-verse High Speed Internet: Internet speed claim(s) represent maximum downstream and/or upstream speed capabilities. Speeds may vary and are not guaranteed. Many factors can affect actual speeds including the use of other U-verse services. Credit and other restrictions apply. Purchase of U-verse TV required to order AT&T U-verse High Speed Internet. A $3 monthly High Speed Internet equipment fee will apply. Channel counts include optional channels available in plan; Wireless networking may require adapter purchased separately; Fiber-optics apply to part or all of the network depending on your location. Other Charges: Taxes, city video cost recovery fees, and other fees extra. No charge for standard professional installation for new AT&T U-verse customers ordering qualifying U-verse TV packages.

AT&T U-verse Voice: Prices subject to change. Residential customers only. Installation, taxes, fees, and other charges may apply. International calls billed at additional per-minute rates; higher rates may apply for calls terminating on mobile phones or other wireless devices. U-verse Voice, including 911 dialing, will not function during a power outage without battery backup power. Non-returned equipment charges will apply if equipment is not returned within required timeframe upon disconnect of services. Service is not portable; will function only in your home. May be incompatible with monitored home alarms and medical monitoring systems. Refer to Learn More pages for U-verse Voice at http://www.uverse.att.com for more information on 911, battery backup, and home alarms. Acceptance of Terms of Service and 911 Acknowledgement required. Credit and other restrictions apply. AT&T U-verse Messaging may not be fully compatible with all AT&T wireless voice mail systems. Caller ID and Call Waiting might not work simultaneously with AT&T U-verse Voice.

AT&T U-verse services are provided by AT&T local telephone companies. Wireless phone with Internet access required and standard data charges may apply.

AT&T U-verse received the highest numerical score among television service providers in the South in the proprietary J.D. Power and Associates 2008-2009 Residential Television Service Satisfaction Studies(SM). 2009 study based on 28,118 total responses from measuring 13 providers in the South (AL, AR, FL, GA, KS, KY, LA, MS, MO, NC, OK, SC, TN, TX) and measures consumer satisfaction with television service. Proprietary study results are based on experiences and perceptions of consumers surveyed in January, March and June, 2009. Your experiences may vary. Visit jdpower.com

Filed Under: International News Tagged With: Better Tv, Chattanooga Residents, Chattanooga Tenn, County Mayor, Exciting New Technology, high speed internet, internet protocol ip, Ip Network, J D Power, J D Power And Associates, New Choice, Pr Newswire, PRNewswire, Provider Satisfaction, Satisfaction Studies, Service Satisfaction, Tennessee Consumers, U Verse Tv, Video Competition, Video Providers

Entravision Communications Corporation Schedules Second Quarter 2010 Earnings Release and Teleconference

July 24, 2010 By vani Leave a Comment

SANTA MONICA, Calif., July 23 /PRNewswire-FirstCall/ — Entravision Communications Corporation (NYSE: EVC) announced today that it will release second quarter 2010 financial results after market hours on Thursday, August 5, 2010.

The company will also host a teleconference to discuss its second quarter 2010 financial results on Thursday, August 5, 2010 at 5:00 p.m. Eastern Time. To access the teleconference, please dial (412) 858-4600 ten minutes prior to the start time. The teleconference will also be available via live webcast on the investor relations portion of the Company’s Web site located at www.entravision.com.

If you cannot listen to the teleconference at its scheduled time, there will be a replay available through Thursday, August 19, 2010, which can be accessed by dialing (877) 344-7529 (U.S.) or (412) 317-0088 (Int’l), passcode 442613. The webcast will also be archived on the Company’s Web site for 30 days.

Entravision Communications Corporation is a diversified Spanish-language media company utilizing a combination of television and radio operations to reach Hispanic consumers across the United States, as well as the border markets of Mexico. Entravision is the largest affiliate group of both the top-ranked Univision television network and Univision’s TeleFutura network, with television stations in 20 of the nation’s top 50 Hispanic markets. The company also operates one of the nation’s largest groups of primarily Spanish-language radio stations, consisting of 48 owned and operated radio stations. Entravision shares of Class A Common Stock are traded on The New York Stock Exchange under the symbol: EVC.

SOURCE Entravision Communications Corporation

Filed Under: International News Tagged With: Affiliate Group, Earnings Release, Entravision Communications Corporation, firstcall, Hispanic Consumers, Hispanic Markets, Investor Relations Portion, live webcast, New York Stock, New York Stock Exchange, passcode, PRNewswire, Radio Operations, santa monica, Spanish Language Media, Spanish Language Radio, Telefutura, univision, Univision Television Network, York Stock Exchange

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Kamie Crawford, Miss Maryland Teen USA, Crowned Miss Teen USA 2010 on July 24th, Live on www.missteenusa.com and www.seventeen.com

AT&T U-verse Arrives in Chattanooga

Entravision Communications Corporation Schedules Second Quarter 2010 Earnings Release and Teleconference

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