SAN DIEGO, May 16 /PRNewswire-FirstCall/ — CryoCor, Inc. , a medical device company focused on the Treatment of cardiac arrhythmias, announced today that on May 8, 2008, two alleged holders of CryoCor common stock filed a complaint in the Superior Court of the State of California, County of San Diego, naming as defendants each member of the Board of Directors of CryoCor, CryoCor and Boston Scientific Corporation. The complaint is styled Secondido, et al. v. CryoCor, Inc., et al., Case No. 37-2008-00083630-CU-MC-CTL. Plaintiffs purport to bring the action on behalf of a class consisting of all holders of CryoCor common stock, except the defendants and their affiliates.
Plaintiffs allege in their complaint that the Board of Directors of CryoCor, aided and abetted by Boston Scientific Corporation, breached their fiduciary duties in approving the Agreement and Plan of Merger, dated April 15, 2008, by and among Boston Scientific Scimed, Inc., a wholly owned subsidiary of Boston Scientific Corporation, Padres Acquisition Corp., a wholly owned subsidiary of Boston Scientific Scimed, Inc. and CryoCor. The action seeks, among other things, an order enjoining the transaction contemplated by the Merger Agreement, compensatory damages in the event the transaction contemplated by the Merger Agreement is consummated, and the reimbursement of plaintiffs’ attorney’s fees and related costs of bringing the action.
Based on its review of the complaint, CryoCor believes that the action is without merit and intends, along with the Board of Directors of CryoCor, to defend the action vigorously.
About CryoCor, Inc.
CryoCor is a medical technology company that has developed and manufactures a disposable catheter system based on its proprietary cryoablation technology for the minimally invasive Treatment of cardiac arrhythmias. The Company’s product, the CryoCor Cardiac Cryoablation System, or the Cryoablation System, is designed to treat cardiac arrhythmias through the use of cryoenergy, or extreme cold, to destroy targeted cardiac tissue. The Cryoablation System has been approved in Europe for the Treatment of atrial fibrillation, and atrial flutter, the two most common and difficult to treat arrhythmias, since 2002. In the United States, CryoCor is conducting a pivotal trial to evaluate the safety and efficacy of the Cryoablation System for the Treatment of atrial fibrillation and the Cryoablation System has been approved for the Treatment of right atrial flutter. For more information please visit the Company’s website at .
Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. Forward-looking statements may be identified by words like “believe,”"intend” and similar words. These forward-looking statements are based on our beliefs, assumptions and estimates using information available to us at the time and are not intended to be guarantees of future events or performance. These forward-looking statements include, among other things, statements regarding defending against the legal action. If our underlying assumptions turn out to be incorrect, or if certain risks or uncertainties materialize, actual results could vary materially from the expectations and projections expressed or implied by our forward-looking statements. These factors, in some cases, have affected and in the future (together with other factors) could affect our ability to implement our business strategy, consummate the transactions contemplated by the Merger Agreement and may cause actual results to differ materially from those contemplated by the statements expressed in this press release. As a result, readers are cautioned not to place undue reliance on any of our forward-looking statements.
We disclaim any intention or obligation to publicly update or revise any forward-looking statements to reflect any change in our expectations or in events, conditions, or circumstances on which those expectations may be based, or that may affect the likelihood that actual results will differ from those contained in the forward-looking statements. This cautionary statement is applicable to all forward-looking statements contained in this document.
Additional Information
Stockholders of CryoCor are urged to read the relevant tender offer documents because they contain important information that stockholders should consider before making any decision regarding tendering their shares. Boston Scientific Corporation, Boston Scientific Scimed, Inc. and its acquisition subsidiary have filed tender offer materials with the SEC, and CryoCor has filed a Solicitation/Recommendation Statement with respect to the tender offer. The tender offer materials (including an Offer to Purchase, a related Letter of Transmittal and certain other offer documents) and the Solicitation/Recommendation Statement contain important information, which should be read carefully before any decision is made with respect to the tender offer. The Offer to Purchase, the related Letter of Transmittal and certain other offer documents, as well as the Solicitation/Recommendation Statement, are available to all stockholders of CryoCor at no expense to them. Stockholders of CryoCor may obtain a free copy of these statements and other documents filed by Boston Scientific Corporation and CryoCor with the SEC at the website maintained by the SEC at . The tender offer statement and related materials, solicitation/recommendation statement, and such other documents may be obtained for free by directing such requests to Investor Relations of CryoCor, Inc., 9717 Pacific Heights Blvd, San Diego, California 92121.
In addition to the tender offer materials described above, CryoCor and Boston Scientific Corporation file annual, quarterly and special reports, proxy statements and other information with the SEC. You may read and copy any reports, statements or other information filed by CryoCor or Boston Scientific Corporation at the SEC public reference room at 100 F Street, N.E., Washington, D.C. 20549. Please call the SEC at 1-800-SEC-0330 for further information on the public reference room. CryoCor’s and Boston Scientific Corporation’s filings with the SEC are also available to the public from commercial document-retrieval services and at the website maintained by the SEC at .
CONTACTS FOR CRYOCOR: Gregory J. Tibbitts Chief Financial Officer
CryoCor, Inc. (858) 909-2200
CryoCor, Inc.
CryoCor, Inc. Subject of Lawsuit Relating to Tender Offer and Merger
Allegiant and MLT Vacations Enter Agreement for Charter Air Service Operations
LAS VEGAS, May 16 /PRNewswire-FirstCall/ — Allegiant Air, LLC, a wholly owned subsidiary of Allegiant travel Company , today announced that it has entered into an Air Transportation Charter Agreement with MLT Vacations, LLC. Under the agreement, Allegiant expects to realize revenues in excess of $10 million over the term of the contract.
(Logo: )
“We’re pleased to develop this new relationship with MLT,” Maurice J. Gallagher, President and Chief Executive Officer for Allegiant travel Company, said. “We believe that Worry Free Vacations customers will appreciate the level of service and reliability our company will provide.”
“We look forward to beginning our partnership with Allegiant Air and we are eager for our customers to experience the quality of service the Allegiant team provides,” said Ken Pomerantz, President & Chief Marketing Officer of MLT Vacations.
Allegiant Air will provide charter services for MLT Vacations’ Worry-Free Vacations brand from two cities in Oklahoma to Las Vegas and popular leisure destinations in Mexico. The low-cost carrier will devote one of its 37 MD-80 series jet aircraft to the operation. Service will begin at the end of May 2008 and will continue through the end of 2009. According to the agreement, MLT Vacations will bear the risk of fuel prices.
About the Companies
Las Vegas based Allegiant travel Company , is focused on linking travelers in small cities to world-class leisure destinations such as Las Vegas, Nev., Phoenix, Ariz., Fort Lauderdale, Fla., Orlando, Fla. and Tampa/St. Petersburg, Fla. Through its subsidiary, Allegiant Air, the Company operates a low-cost, high-efficiency, all-jet passenger airline offering air travel both on a stand-alone basis and bundled with hotel rooms, rental cars and other travel related services. The carrier also operates charter service throughout the U.S., Mexico and Canada. ALGT/G
MLT Vacations is a wholly owned subsidiary of Northwest Airlines Corporation and one of the largest providers of vacation packages in the United States. The company manages and operates the packaged vacation brands NWA WorldVacations and Worry-Free Vacations. NWA WorldVacations offers vacation packages via scheduled air service on Northwest Airlines and its SkyTeam partners, with convenient connections from many US cities, to destinations in the U.S., Canada, Mexico, the Caribbean, Europe and Asia. Worry-Free Vacations offers charter vacation packages from six U.S. cities to destinations in Mexico, the Caribbean, and Las Vegas. For more information, visit or . Professional travel agents are encouraged to visit .
For further information please visit the company’s investor web site:
Reference to the Company’s web site above does not constitute incorporation of any of the information thereon into this press release.
Forward-Looking Statements: Under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, statements in the press release that are not historical facts are forward-looking statements. These forward-looking statements are only estimates or predictions based on our management’s beliefs and assumptions and on information currently available to our management. Forward-looking statements include our statements regarding future revenues.
Forward-looking statements involve risks, uncertainties and assumptions. Actual results may differ materially from those expressed in the forward- looking statements. Important risk factors that could cause our results to differ materially from those expressed in the forward-looking statements generally may be found in our periodic reports and registration statements filed with the Securities and Exchange Commission at . Any forward-looking statements are based on information available to us today and we undertake no obligation to update publicly any forward-looking statements, whether as a result of future events, new information or otherwise.
Allegiant Air, LLC
“Government and Haulage Customers Must Respond to Soaring Fuel Prices” Says RHA
LONDON, May 16 /PRNewswire/ —
- Large Numbers of Hauliers Face Being out of Business by Soaring Fuel
Prices, Warns the Road Haulage Association.
Diesel prices are going up daily and while that is hard for motorists it
can be hugely damaging for haulage businesses, the RHA warns.
A year ago, a litre of diesel cost 76.5 p/lit (exc. VAT). Today, the
price is around 108p/lit. That means that a typical articulated truck that
cost GBP35,000 a year to fuel 12 months ago now costs GBP49,000 a year to
fuel.
Hauliers are now being warned of a further 6p increase in the next seven
days. That would take the annual bill to GBP52,000.
fuel now represents well over 40 per cent of their costs and there is
very little they can do to cut that bill, by even a small amount.
It is absolutely essential that haulage buyers accept substantial and
inflationary increases, warns the RHA. “We now have firm evidence that, in
this period of unprecedented cost volatility, some haulage buyers have
refused to give justified and essential increases because they have not
budgeted to do so. We believe that such actions are short-sighted and will
damage not only their hauliers but also the availability of essential,
cost-effective haulage services,” says chief executive Roger King.
“We know very well the difficulties that many customers have in passing
on the costs to their customers. But the haulage industry cannot possibly
absorb the impact of surging oil prices,” he says.
“Only the government is gaining from these increases, through its VAT. It
already charges twice the rate of duty on diesel as the rest of the EU and it
is having an income bonanza from the new increases. It is surely
inconceivable that the Treasury would go ahead with the 2p increase planned
for October 1 and we call on the Chancellor to abandon that increase now.
“The Government says that fuel duty has fallen slightly behind inflation
- by about 11 per cent - since 1999. Since that reference year, the price of
diesel, before tax and duty, has risen by almost 500 per cent.
“In addition, we repeat our call for all parties to support the amendment
to the Finance Bill, which calls on the government to bring some sense of
stability to the price of fuel through a regulator mechanism and to recognise
the particular plight of the haulage profession,” King says.
The Road Haulage Association - more than you think
For more details, contact RHA Head of Communications, Kate Gibbs on . . .
Tel: 44- (0)1932-838917
Mob: 44-(0)7979-531451
Road Haulage Association
“Government and Haulage Customers Must Respond to Soaring Fuel Prices” Says RHA
LONDON, May 16 /PRNewswire/ —
- Large Numbers of Hauliers Face Being out of Business by Soaring Fuel
Prices, Warns the Road Haulage Association.
Diesel prices are going up daily and while that is hard for motorists it
can be hugely damaging for haulage businesses, the RHA warns.
A year ago, a litre of diesel cost 76.5 p/lit (exc. VAT). Today, the
price is around 108p/lit. That means that a typical articulated truck that
cost GBP35,000 a year to fuel 12 months ago now costs GBP49,000 a year to
fuel.
Hauliers are now being warned of a further 6p increase in the next seven
days. That would take the annual bill to GBP52,000.
fuel now represents well over 40 per cent of their costs and there is
very little they can do to cut that bill, by even a small amount.
It is absolutely essential that haulage buyers accept substantial and
inflationary increases, warns the RHA. “We now have firm evidence that, in
this period of unprecedented cost volatility, some haulage buyers have
refused to give justified and essential increases because they have not
budgeted to do so. We believe that such actions are short-sighted and will
damage not only their hauliers but also the availability of essential,
cost-effective haulage services,” says chief executive Roger King.
“We know very well the difficulties that many customers have in passing
on the costs to their customers. But the haulage industry cannot possibly
absorb the impact of surging oil prices,” he says.
“Only the government is gaining from these increases, through its VAT. It
already charges twice the rate of duty on diesel as the rest of the EU and it
is having an income bonanza from the new increases. It is surely
inconceivable that the Treasury would go ahead with the 2p increase planned
for October 1 and we call on the Chancellor to abandon that increase now.
“The Government says that fuel duty has fallen slightly behind inflation
- by about 11 per cent - since 1999. Since that reference year, the price of
diesel, before tax and duty, has risen by almost 500 per cent.
“In addition, we repeat our call for all parties to support the amendment
to the Finance Bill, which calls on the government to bring some sense of
stability to the price of fuel through a regulator mechanism and to recognise
the particular plight of the haulage profession,” King says.
The Road Haulage Association - more than you think
For more details, contact RHA Head of Communications, Kate Gibbs on . . .
Tel: 44- (0)1932-838917
Mob: 44-(0)7979-531451
Road Haulage Association
Lionsgate Scores THE PERFECT GAME
SANTA MONICA, Calif., May 16 /PRNewswire-FirstCall/ — LIONSGATE(R) , the leading independent filmed entertainment studio, announced today that it has acquired worldwide distribution rights, excluding Mexico, from HighRoad Entertainment to THE PERFECT GAME, the true story of a scrappy Mexican Little League team that became the first non-American team to win the league’s World Series.
The film is directed by William Dear from a screenplay by W. William Winokur, and is produced by David Salzberg, Christian Tureaud, Mark Koch, Daniel de Liege, Winokur and Michael Gallant. The film stars Clifton Collins, Jr. (CAPOTE, “Thief”), Cheech Marin (CARS, BORN IN EAST L.A.) and Academy Award(R) winner Louis Gossett Jr. (DADDY’S LITTLE GIRLS, AN OFFICER AND A GENTLEMAN). The film’s original score is by Academy Award(R) winner Bill Conti (ROCKY, THE RIGHT STUFF). The announcement was made today by Lionsgate’s President of Theatrical Films Tom Ortenberg.
“THE PERFECT GAME belongs to the classic tradition of real-life sports films that are fundamentally about persistence and heart,” said Ortenberg. “It fits squarely with the Lionsgate mandate to bring uplifting, quality fare to America’s diverse families.”
“We’re thrilled to have Lionsgate as our partner on THE PERFECT GAME,” commented producer and HighRoad Entertainment President, David Salzberg. “The Lionsgate marketing and distribution teams have an unsurpassed record of creating awareness and anticipation of movies like ours, so we know we are in the best possible hands.”
The deal was negotiated for Lionsgate by Ortenberg, Wendy Jaffe, Executive Vice President Legal & Business Affairs, Acquisitions and Co-Productions, Jason Constantine, Executive Vice President of Acquisitions and Co- Productions, and Eda Kowan, Vice President Acquisitions; and for the filmmakers by HighRoad Entertainment’s David Salzberg and Christian Tureaud and Bill Grantham, Esq. of Greenberg Traurig.
SYNOPSIS
In 1957, a barefooted, rag-tag team of boys from poverty-stricken Monterrey, Mexico defy extraordinary odds to become the first foreign team to win Little League World Series - doing so in a perfect game, the only one in championship history. Based on a true story, THE PERFECT GAME tells the tale of how their miracle changed not only their lives, but an entire city’s destiny.
ABOUT LIONSGATE
Lionsgate is the leading independent filmed entertainment studio, winning the 2005 Best Picture Academy Award(R) for CRASH, and the Company is a premier producer and distributor of motion pictures, television programming, home entertainment, family entertainment and video-on-demand content. Its prestigious and prolific library of nearly 12,000 motion picture titles and television episodes is a valuable source of recurring revenue and a foundation for the growth of the Company’s core businesses. The Lionsgate brand is synonymous with original, daring, quality entertainment in markets around the globe.
ABOUT HIGHROAD ENTERTAINMENT
The HighRoad Entertainment Group (HREG) is based at Universal City, California. HREG is a full-service entertainment company that produces, distributes, markets, and supports entertainment content in all mediums worldwide. HREG’s Principals have produced a number of films, over one hundred episodes of original television content, as well as creating and developing world-wide brand marketing and advertising campaigns. They also have built a number of multi-tiered entertainment products that are designed for released in all mediums, including new media. The content they have produced has been distributed theatrically and aired on NBC, ABC, TBS, TNT, Fox, USA Network, Fox sports Net, ABC Family, Telemundo, ESPN, PAX, Animal Planet, as well as more than 20 networks in over 70 countries internationally.
For further information, contact:
Sarah Greenberg
310-255-3856
For corporate inquiries, please contact:
Peter D. Wilkes
310-255-3726
For HighRoad inquiries, please contact:
Dawn Miller/Alastair Duncan
LCO PR
E dmiller/
T 310 300 0950 x 231/223
Lionsgate
Sigue’s Business Operations Drive Forward Despite Fire; No Interruption in Customer Service
SAN FERNANDO, Calif., May 15 /PRNewswire/ — Sigue’s money transfer services continued uninterrupted domestically and internationally today despite a fire in one of its offices located in San Fernando, California. The fire, which seriously damaged Sigue’s administrative headquarters, began at approximately 1:30AM Wednesday. Sigue Management promptly invoked its Disaster Recovery/Business Continuity Plan while the fire still burned. By 5AM, at the opening of business, the fire was completely contained and there was no affect on business operations.
“Through focus and tenacity over its 12-year history, Sigue has gained an industry-wide reputation as one of the principal players in the U.S.-to-Latin-America money-transmission industry. Our approach to achieving both business objectives and implementing risk management solutions led us to implement a comprehensive Business Continuity Plan,” said Sigue Chief Operating Officer Joseph Aguilar. “Thanks to this forward-looking initiative, Sigue and its dedicated employees shined brightly this Wednesday morning and led the Company through a situation that otherwise could have been devastating. We are pleased that none of our valued employees, customers or agents were affected by this event.”
The building affected by the fire was the working campus of approximately 400 of Sigue’s 1,200 employees. “My first concern when I received the call notifying me at 2:00AM this morning was whether any of our employees were in harm’s way,” said Sigue President Leandro Miguel. “Our family of employees is our most valuable asset and resource. The news all employees were safe provided an immediate positive emotion to the challenging situation around which the entire Company rallied.”
“San Fernando is Sigue’s home. We built this magnificent company from the ground up in partnership with the community,” stated Sigue Chief Executive Officer Guillermo de la Vina. “We are very thankful for the overwhelming support we have received from the City, as well as the charities we support in the area such as Providence Holy Cross Hospital.”
“Thanks to the dedication and commitment of Sigue’s employees and the courage of the finest members of the Los Angeles Fire Department, we overcame this challenge,” stated Mr. Miguel. “We are fortified by this experience and are moving forward into the future with renewed vision and vigor.”
About Sigue
Headquartered in San Fernando, Calif., Sigue is a leading financial services company providing international electronic money transfer services to Mexico, Central America, South America and the Caribbean. The company is privately held and operates through a network of agents throughout the U.S. and Mexico. Sigue has payment arrangements with leading financial institutions in Mexico, Central and South America including the Caribbean.
Contact: Robert Pargac
(818)284-8728
Sigue
LG Electronics Partners With Cable Industry on New Orleans School Technology Upgrade
NEW ORLEANS, May 15 /PRNewswire/ — As the cable industry gathers here next week for its annual convention, The Cable Show ‘08, LG Electronics is bringing the latest technology to a local school in partnership with the National Cable & Telecommunications Association (NCTA), Cable in the Classroom, Discovery Education, Cox New Orleans, Motorola, CommScope and Juniper Networks.
Significantly enhancing the learning environment at Benjamin Banneker Elementary School, 32 LG flat-panel high-definition televisions (HDTVs) have been installed in classrooms and conference areas. The school, at 421 Burdette St., is named for America’s first African-American scientist, inventor and astronomer Benjamin Banneker (1731-1806).
According to Principal Cheryllyn M. Branche, the new LG high-definition screens along with Banneker Elementary’s entire technology upgrade will bring a new level of teaching resources to the school’s 30-member faculty and 386 students. “The use of new technology will make learning fun, while allowing us to bring the world into view in ways we have not been able to before. In terms of teaching and learning, the sky’s the limit now.”
The installation is a key element of the cable industry’s “CableCares” initiative, a community service project to assist ongoing recovery efforts in New Orleans, including rebuilding school playgrounds and libraries, providing educational enhancements for city schools, and additional fundraising to support rebuilding efforts throughout the city.
“As a long-time ally of the cable industry and leading supplier of flat-screen TVs to schools across the country, we are proud to play a role in CableCares,” said LG Electronics USA President Teddy Hwang, who congratulated the NCTA on its important community work.
In cooperation with local dealer Audio Professional Services of Metairie and regional distributor C&L Supply, LG Electronics is providing 42-inch LCD HDTVs, bringing high-definition programming into every Banneker classroom.
“Students and teachers alike at Banneker Elementary will benefit from the generosity of LG Electronics and the other CableCares partners who contributed to this project,” according to Mark Bell, Vice President, Industry Affairs at NCTA. Bell noted that the project’s partners are providing Banneker with the wiring, equipment, and ongoing resources necessary to bring the school a full complement of advanced cable services.
The NCTA is the principal trade association for the U.S. cable industry, representing cable operators serving more than 90 percent of the nation’s cable television households and more than 200 cable program networks. The cable industry is the nation’s largest broadband provider of high-speed Internet access after investing more than $130 billion over ten years to build a two-way interactive network with fiber optic technology. Cable companies also provide state-of-the-art digital telephone service to millions of consumers.
LG Electronics USA, Inc., based in Englewood Cliffs, N.J., is the North American subsidiary of LG Electronics, Inc., a global force in consumer electronics, home appliances and mobile communications. In the United States, LG Electronics sells a wide range of consumer electronics and IT products, mobile phones and digital appliances under LG’s “Life’s Good” marketing theme. For more information, please visit and .
LG Electronics
Treat Your Patients’ Pain Effectively
MONTVALE, N.J., May 15 /PRNewswire/ — Pain is a chief reason that patients seek medical attention; opioid analgesics are an important option for these patients. Physicians must be able to determine which opioid treatment will provide the best outcomes for their patients.
To make clinicians aware of the importance of choosing the proper opioid analgesic, the dual journals Current Clinical Practice and The Journal of Family Practice: Special Edition Current Clinical Practice have published an online-only supplement in May 2008 titled “Looking beyond the administered drug: Metabolites of opioid analgesics”. The supplement, authored by Swati Nagar, PhD, and Robert B. Raffa, PhD, of the Temple University School of Pharmacy, discusses the importance of understanding the active metabolites of opioids, a major cause of adverse events and a key component of an opioid’s efficacy and tolerability.
“Looking beyond the administered drug: Metabolites of opioid analgesics” is available on The Journal of Family Practice Website, , and on CurrentClinicalPractice.com .
The Journal of Family Practice: Special Edition Current Clinical Practice, an indexed and peer-reviewed journal distributed to 96,000 family physicians, and Current Clinical Practice, distributed to 63,000 doctors of internal medicine, have published this supplement, which was developed by health Science Communications with support from PRICARA(R), Division of Ortho-McNeil-Janssen Pharmaceuticals, Inc.
Nurse practitioners and physician assistants can find this supplement on , an online resource for advanced practice clinicians.
The Journal of Family Practice is published by Dowden health Media, a Division of Lebhar-Friedman, Inc. APCTODAY is copyrighted by Dowden health Media, a Division of Lebhar-Friedman, Inc. Dowden health Media is a full-service healthcare communications company that specializes in high-quality communication with physicians, advanced practice clinicians, and consumers. Its highly respected, peer-reviewed journals reach more than 300,000 physicians and clinicians in surgery, psychiatry, family practice, internal medicine and obstetrics/gynecology.
Web site:
Dowden health Media
mobilkom austria group Speeds Entry Into Emerging Markets Using TIBCO SOA
VIENNA, Austria, May 15 /PRNewswire-FirstCall/ — TIBCO Software Inc. today announced that mobilkom austria group (mag) set a new benchmark for the mobile phone sector, establishing mobile virtual network operators (MVNOs) covering Serbia and Macedonia in just six months using an enterprise service bus based on TIBCO software.
The previously unheard-of timescales were made possible through the use of standardised functionality from back-office mag billing and CRM systems, located in different parts of Europe, that were reused for the new MVNOs.
“TIBCO clearly demonstrated that they understand our business needs, which is important when you are trying to do something on the scale that we are,” said Dipl.-Ing. Christian Ladstatter, Head of Enterprise architecture at mobilkom austria, currently deputy IT at mdc in Belarus. “TIBCO was chosen because of its credentials and industry experience as a technology provider to the telco sector.”
The ambitious rollout involved 30 different projects across IT and business support systems and 150 project team members across four mobilkom austria group companies, with the ultimate goal being that any operating company should be able to reuse services from another company. A revolutionary architectural approach was adopted, built on a single transport mechanism, TIBCO’s enterprise service bus, and supporting loosely coupled services, with real-time monitoring and management of processes at a local service instance level.
Fabio Pulidori, senior vice president for EMEA at TIBCO, said: “mobilkom austria group’s model of standardisation and reuse of technology provides a roadmap for how successful telcos will be able to rapidly take advantage of emerging markets and new capabilities. TIBCO’s expertise and technology will continue playing a key role in improving the agility and time to market that innovative companies need.”
For more information on TIBCO’s solutions for communication service providers, visit:
Notes to Editors
About TIBCO
TIBCO digitized Wall Street in the ’80s with its event-driven “Information Bus” software, which helped make real-time business a strategic differentiator in the ’90s. Today, TIBCO’s infrastructure software gives customers the ability to constantly innovate by connecting applications and data in a service-oriented architecture, streamlining activities through business process management, and giving people the information and intelligence tools they need to make faster and smarter decisions, what we call The Power of Now(R). TIBCO serves more than 3,000 customers around the world with offices in over 20 countries and an ecosystem of over 200 partners. Learn more at .
mobilkom austria group Q4/2007
The mobilkom austria group is represented in Eastern and South-Eastern Europe, including mobilkom austria in Austria, Vipnet in Croatia, Mobiltel in Bulgaria, Si.mobil in Slovenia, mobilkom liechtenstein in Liechtenstein, Vip mobile in Serbia, Vip operator in Macedonia and MDC in Belarus. Almost 6,500 employees serve 14,8 million customers. In the 2006 business year the mobilkom austria group generated revenues of EUR 2,902.6 million and EBITDA of EUR 1,175.4 million. The mobilkom austria group stands for progress: The world’s first launch of GPRS in Austria in 2000, one of Europe’s first commercial UMTS network in Austria in 2003, the introduction of EDGE technology as the first company in Slovenia in 2003 and the first to market introduction of HSDPA in the UMTS network by mobilkom austria in Austria underscore the group’s leadership in innovations and technology. The know-how transfer among the companies and markets allows a rapid development and implementation of all products and services throughout the entire group.
More about mobilkom austria and the mobilkom austria group is available at
TIBCO, The Power of Now, and TIBCO Software are trademarks or registered trademarks of TIBCO Software Inc. in the United States and/or other countries. All other product and company names and marks mentioned in this document are the property of their respective owners and are mentioned for identification purposes only.
TIBCO Software Inc.
NIKE Signs Outsourcing Contract with Siemens IT Solutions and Services, Inc.
NORWALK, Conn., May 15 /PRNewswire-FirstCall/ — Siemens IT Solutions and Services, a leading provider of IT technology solutions, announced today that it has been awarded a global 5-year contract to provide end-user outsourcing services to NIKE, Inc. , the world’s leading designer, marketer, and distributor of athletic footwear, apparel, equipment, and accessories.
(Logo: )
As part of the agreement, Siemens will supply infrastructure outsourcing services, including global program management and service desk, deskside support services and asset management, as well as other services personalized for the NIKE environment.
Siemens will leverage its proprietary SieQuence(R) solution, a suite of services that align IT strategy with business strategy by integrating people, processes and technology. This offer is designed to supply clients with a higher level of availability and productivity.
“We believe that this partnership with Siemens will deliver scalable and consistent services to our employee’s worldwide,” said Roland Paanakker, NIKE Vice President and Chief Information Officer. “When fully rolled out, Siemens will support 11 languages and ensure end-to-end resolution to all incidents and service requests.”
“We’re pleased to have the opportunity to provide NIKE, and their employees, with best in class end user support services,” said John McKenna, Siemens Chief Executive Officer. “Just as NIKE is focused on bringing innovation to every athlete in the world, Siemens will now focus on bringing innovation and continuous improvement to NIKE’s end-user environment, enabling the NIKE leadership team to focus on meeting their business goals.”
NIKE, Inc., based in Beaverton, Ore., is the world’s leading designer, marketer, and distributor of authentic athletic footwear, apparel, equipment, and accessories for a wide variety of sports and fitness activities. Wholly owned NIKE subsidiaries include Converse Inc., which designs, markets, and distributes athletic footwear, apparel, and accessories; Cole Haan Holdings Incorporated, which designs, markets, and distributes luxury shoes, handbags, accessories, and coats; Umbro Ltd., a leading United Kingdom-based global football (soccer) brand; and Hurley International LLC, which designs, markets, and distributes action sports and youth lifestyle footwear, apparel, and accessories.
Siemens IT Solutions and Services is an internationally leading provider of IT solutions and services. It covers the entire IT service chain from a single source, from consulting to system integration, to the management of IT infrastructures. In addition, Siemens IT Solutions and Services extends the range of offerings of the Siemens sectors to include software developments and IT solutions. With its comprehensive know-how and industry-specific knowledge, Siemens IT Solutions and Services provides measurable added value for its customers. The Siemens division employs around 43,000 people and posted annual sales of about $7.5 billion USD in fiscal year 2007. More information at: .
Siemens IT Solutions and Services
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- Indie Artists Flock to Widgets as Solution for Adding Virality to Campaigns
- All Aboard as the Orient-Express Departs From Stand 28 at the Taste of London!
- Make It a Pure Michigan Summer
- AT&T Introduces ‘Green Fleet’ of More Than 100 Alternative-Fuel Vehicles
- Escape to Ireland at an Exceptional Price
- Groupe Mutuel Selects Autonomy For Corporate Intranet
- Spb Software Showcases Spb Online Shell at CeBIT Australia
- Arris Signs Purchase Agreement with Comcast for DOCSIS(R) 3.0 CMTS
- MGM and Comcast Bring Consumers More High-Def Movies Through MGM HD
- Brooklyn Residents Reminded to Recycle Old Cell Phones at Spring Electronics Recycling Event, May 18
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