2007'12.07.Fri
Easton-Bell Sports to Present Sourcing Opportunities to China Sporting Goods Suppliers at Private Sourcing Events
November 27, 2007
Representing Top Brands Easton, Riddell, Bell, Giro and
Blackburn, Easton-Bell Plans to Source Sporting Goods and
Sports Equipment from Pre-screened Global Sources
Suppliers
HONG KONG, Nov. 27 /Xinhua-PRNewswire-FirstCall/ --
Easton-Bell, representing five top international sporting
goods brands, is scheduled to meet Global Sources (Nasdaq:
GSOL) suppliers at a Private Sourcing Event (
http://www.privatesourcingevents.com ) in Shanghai on Dec.
3.
(Logo: http://www.xprn.com/xprn/sa/200708071747.jpg )
Easton-Bell owns five leading sporting goods brands --
Easton, Ridell, Bell, Giro and Blackburn -- covering
baseball, football, cycling, hockey, snow sports products.
Its sales in 2006 were US$600 million.
Global Sources¡¦ Chairman and CEO, Merle A. Hinrichs,
said: "In October, we launched our Sports &
Leisure B2B website and hosted the Sports & Leisure
Pavilion at the China Sourcing Fairs in Hong Kong. And,
this month, we published the inaugural issue of Sports
& Leisure sourcing magazine.
"In combination with Private Sourcing Events like
this one, we offer an end-to-end platform for buyers and
suppliers to trade -- from initial contact and
communication to meeting and placing orders. This
highlights our advantage over platforms which start and
finish with online lead generation."
Vice president of Global Sourcing for Easton-Bell
Sports, David Ward, said: "We asked Global Sources to
mine their vast database to find a very particular group of
vendors in our biking and team sport product categories in a
specific region in China that we were not able to adequately
find through our own sourcing offices in Asia.
"In a matter of two weeks they were able to locate
over 40 qualified vendors and arrange private meetings for
us to meet with them. I was extremely impressed with the
results."
World¡¦s Top Buyers Scheduled to Attend Upcoming
Private Sourcing Events
Some of the world¡¦s top buyers, including Lowe¡¦s,
Metro and Sears are scheduled to attend upcoming Private
Sourcing Events this month. The next three events are:
-- Home Video Systems & Accessories -- Dec. 4,
Shenzhen
-- Promotional Gifts -- Dec. 6, Shenzhen
-- Furniture -- Dec. 11, Shanghai
Global Sources has scheduled more than 80 Private
Sourcing Events for 2008. A complete list of Private
Sourcing Events scheduled to be held next year is available
at http://www.privatesourcingevents.com .
Suppliers wishing to participate should contact
csm@globalsources.com . Buyers may apply by contacting
privatesourcingevents@globalsources.com .
Specialized Global Sources Websites, Trade Magazines
and Face-to-Face Events
Private Sourcing Events are part of the company¡¦s
sourcing and product information services which include
Global Sources Online
( http://www.globalsources.com ), Global Sources magazines,
Global Sources Direct ( http://www.globalsourcesdirect.com )
and China Sourcing Fairs
( http://www.chinasourcingfair.com ).
For more information, visit
http://corporate.globalsources.com .
About Global Sources
Global Sources is a leading business-to-business (B2B)
media company and a primary facilitator of two-way trade
with Greater China. The core business is facilitating
trade from Greater China to the world, using a wide range
of English-language media. The other key business segment
facilitates trade from the world to Greater China using
Chinese-language media.
The company provides sourcing information to volume
buyers and integrated marketing services to suppliers. It
helps a community of over 647,000 active buyers source more
profitably from complex overseas supply markets. With the
goal of providing the most effective ways possible to
advertise, market and sell, Global Sources enables
suppliers to sell to hard-to-reach buyers in over 230
countries.
The company offers the most extensive range of media
and export marketing services in the industries it serves.
It delivers information on 2 million products and more than
160,000 suppliers annually through 14 online marketplaces,
13 monthly magazines, over 100 sourcing research reports
and nine specialized trade shows which run 22 times a year
across seven cities.
Suppliers receive more than 23 million sales leads
annually from buyers through Global Sources Online (
http://www.globalsources.com ) alone.
Global Sources has been facilitating global trade for
36 years. In mainland China it has over 2,000 team members
in 44 locations, and a community of over 1 million
registered online users and magazine readers for
Chinese-language media.
Global Sources Press Contact in Asia:
Camellia So
Tel: +852-2555-5021
Email: cso@globalsources.com
Global Sources Investor Contact in Asia:
Eddie Heng
Tel: +65-6547-2850
Email: eheng@globalsources.com
Global Sources Press Contact in U.S.:
James W.W. Strachan
Tel: +1-480-664-8309
Email: strachan@globalsources.com
Global Sources Investor Contact in U.S.:
Moriah Shilton & Christiane Pelz
Lippert/Heilshorn & Associates, Inc.
Tel: +1-415-433-3777
Email: cpelz@lhai.com
PR
2007'12.07.Fri
TI's Next-Generation Power Management IC Maximizes Energy in Multi-Kilowatt Systems
November 27, 2007
Two-Phase, Single-Chip Interleaving Power Factor Controller
Simplifies Design, Increases Energy Performance and System
Reliability
DALLAS, Nov. 26 /Xinhua-PRNewswire/ -- Texas
Instruments Incorporated (TI) (NYSE: TXN) introduced today
the industry's first single-chip, interleaved power factor
correction (PFC) control circuit for multi-kilowatt
communications, server and industrial systems. The new
UCC28070 two-phase, average current-mode controller allows
designers to simplify power design, increase system
reliability and achieve a greater than 0.9 power factor
rating, which improves energy efficiency. See:
http://www.ti.com/UCC28070-pr .
(Logo:
http://www.xprn.com.cn/xprn/sa/20061107170439-20-min.jpg )
"The increasing need for better energy management
is apparent in every area of our lives, especially at the
business operations level. The magnitude of power
requirements for data centers and telecom systems continues
to drive industry-wide efforts to reduce wasted energy and
improve power quality," said Bob Mammano, power
management staff technologist and TI Fellow. "Today's
announcement gives power engineers an innovative solution
that raises the bar toward more efficient power supply
control."
Building on more than 20 years of PFC circuit
development, TI's UCC28070 continuous conduction-mode
controller provides unprecedented performance and reduces
system cost in applications where high efficiency and high
power factor requirements are important. These range from
high-end communications systems to embedded white goods
motor drives in refrigerators and air conditioners to HID
lighting ballasts.
In line-operated systems with power levels from 75 W to
1kW and above, the UCC28070 helps reduce total harmonic
distortion, allowing today's systems to better maximize
usable outlet power and accommodate extreme variations and
disturbances in various AC line voltage levels used around
the world.
Meeting Strict Efficiency Requirements
The UCC28070 helps designers meet the most stringent
efficiency requirements for multi-kilowatt power systems.
This PFC controller allows light-load phase management to
enhance a system's performance -- achieving higher
efficiency over the entire load range. Phase management
allows a system to turn on or off phases of the power
supply, so that only the phases required to power the load
are enabled.
In a 1.2-kW system, the UCC28070 can initiate an
increase of up to 1.5-percent efficiency at a light
20-percent load condition, allowing designers to exceed
energy guidelines set forth by industry initiatives, such
as The Green Grid, Climate Savers Computing Initiative and
Project Big Green. In a 240-watt supply at 20-percent load
condition, for example, this increase in efficiency results
in a 27-percent power savings.
System Reliability and Protection
The device helps increase system reliability by
incorporating a unique 180 degree interleaving method,
which reduces the amount of input and output current ripple
and distributes the magnetics to improve thermal management.
Average current mode interleaving allows a system to achieve
between 50 and 100 percent reduction in ripple compared to
today's typical non-interleaved PFC architectures.
The UCC28070's optional programmable-frequency
dithering mode allows a designer to spread the switching
frequency over a range to minimize the generation of
electromagnetic interference (EMI). The dithering feature
helps reduce capacitor size, and it gives designers the
ability to use a smaller, less expensive EMI filter. The
UCC28070 offers several unique system control and
protection features to improve overall system reliability.
An output over-voltage protection scheme with an open-loop
detection feature safeguards the system from common circuit
board failures. Each phase current is accurately balanced
with independent current sensing to prevent excess
component heating in the device's dual-phase operation. In
addition, the UCC28070 provides under-voltage lockout,
cycle-by-cycle peak current limit, and a system
over-temperature protection feature.
Two-Phase Single-Chip PFC Controllers for Consumer and
High-Power Applications
In June TI introduced the UCC28060, which is the first
single-chip, transition-mode, two-phase PFC controller for
75- to 800-W applications, including consumer applications,
such as digital TVs, personal computers and entry-level
server platforms. Both the UCC28060 and UCC28070 give
designers the best options as they design power systems
that support power factor correction in end-equipment
designs. For more information on the UCC28060, visit:
http://www.ti.com/UCC28060 .
Available Today
The UCC28070 is available in a 20-pin TSSOP package. It
is sampling today, with volume production scheduled for
January 2008. Suggested resale pricing in quantities of
100 units is $2.45. An evaluation board, power factor
correction application notes and data sheets are available
at power.ti.com.
About Texas Instruments
Texas Instruments Incorporated provides innovative DSP
and analog technologies to meet our customers' real world
signal processing requirements. In addition to
Semiconductor, the company includes the Education
Technology business. TI is headquartered in Dallas, Texas,
and has manufacturing, design or sales operations in more
than 25 countries.
Texas Instruments is traded on the New York Stock
Exchange under the symbol TXN. More information is located
on the World Wide Web at: http://www.ti.com
Please refer all reader inquiries to: Texas
Instruments Incorporated
Semiconductor Group, SC-07178
Literature Response Center
14950 FAA Blvd.
Ft. Worth, TX
76155
1-800-477-8924
Trademarks
All trademarks and registered trademarks are the
property of their respective owners.
For more information, please contact:
Matt McKinney
Texas Instruments
Tel: +1-214-480-6894
Email: m-mckinney1@ti.com
Heather Mills
GolinHarris
Tel: +1-972-308-9131
Email: hmills@golinharris.com
2007'12.07.Fri
Expedia(R) Corporate Travel to Launch Full-Service Travel Offering in China
November 27, 2007
Localized service underscored by partnership with eLong
BEIJING and BELLEVUE, Wash., Nov. 27
/Xinhua-PRNewswire/ -- Expedia(R) Corporate Travel (ECT), a
full-service travel management company, today announced
plans to launch service in China through a strategic
partnership with eLong, Inc. Companies doing business in
China will have access to fully localized service, global
reporting capabilities and an in-country call center that
is staffed with dedicated agents who speak both Mandarin
and English.
A key part of Expedia Corporate Travel's commitment to
the Chinese marketplace is represented by a strategic
partnership with eLong(TM), the second largest online
travel company in China. Since its inception, eLong has
built one of the broadest travel service distribution
networks in China. The company utilizes Web-based
distribution technologies and a centralized nationwide call
center to provide consumers with consolidated travel
information.
The launch of service in China will mark ECT's first
foray into the critical Asia-Pacific market. A dedicated
local corporate travel team and call center are the first
steps in a much larger strategy to meet the needs of its
global client base. With the addition of China to its
global offering, travel managers will be able to drive
travel policy compliance across a broader range of
markets.
"Our entry into the Asia-Pacific region is part of
our commitment to grow with the needs of our
customers," said Jean-Pierre Remy, president of
Expedia Corporate Travel. "Many of our existing
customers and prospects already do business in China, so we
have a clear opportunity to better service the needs of
these clients by being where they need us to be."
ECT's entry into China underscores the company's focus
on balancing each new market's unique needs while
maintaining a consistent, high level of service. In
addition to global content across the Asia-Pacific region
and the rest of the world, the partnership with eLong will
provide ECT's customers with access to over 4,700 hotels in
more than 330 cities across China, as well as flight options
to more than 70 major cities in the country.
"It's exciting to partner with Expedia Corporate
Travel as they enter China to meet the needs of global
businesses" said Guangfu Cui, CEO of eLong. "Our
local market knowledge and relationships with regional
suppliers, combined with ECT's outstanding level of service
designed for the corporate travel market, ensures a strong
corporate travel offering for companies doing business in
China and beyond."
ECT remains committed to giving customers direct access
to their travel data so that they can make informed
decisions about how to better manage their travel programs.
As part of ECT's new offering in China, customers will be
able to choose from a range of different product and
service offerings based on their needs.
Expedia Corporate Travel's move into China increases
its global presence that already includes operations in the
United States, Canada, France, the United Kingdom, Belgium,
Germany, Italy and Spain.
About Expedia(R) Corporate Travel
Expedia(R) Corporate Travel is the No. 1 online
corporate travel agency and fifth largest travel management
company in the world. As part of Expedia, Inc., (Nasdaq:
EXPE), the world's leading online travel company,
empowering business and leisure travelers with the tools
and information they need to easily research, plan, book
and experience travel, Expedia(R) Corporate Travel brings
together the best of technology and corporate support in a
single-source solution that drives down costs. Business
travelers have access to specialized tools, while companies
can take advantage of rich management and reporting
features.
About eLong, Inc.
eLong, Inc. (Nasdaq: LONG) is a leading online travel
company in China. Headquartered in Beijing, eLong(TM) has a
national presence across China. eLong uses web-based
distribution technologies and a center to provide consumers
with access to travel reservation services. Aiming to enrich
people's lives through the freedom of independent travel,
eLong empowers consumers to make informed choices by
providing a one-stop travel solution and consolidated
travel tools and information such as maps, virtual tours
and user ratings. eLong has the capacity to fulfill air
ticket reservations in over 57 major cities across China.
In addition to choice of a wide hotel selection in the
Greater China region, eLong offers Chinese consumers the
ability to make bookings at international hotels in over
140 destinations worldwide. eLong operates the websites
http://www.elong.com and http://www.elong.net.
Expedia and the Airplane logo are either registered
trademarks or trademarks of Expedia, Inc. in the U.S.
and/or other countries. eLong and the Dragon logo are
either registered trademarks or trademarks of elong, Inc.
in the United States and/or other counrtries. Other logos
or product and company names mentioned herein may be the
property of their respective owners.
For more information, please contact:
Jordan Rittenberry of Edelman
Tel: +1-312-233-1226
Email: jordan.rittenberry@edelman.com
2007'12.07.Fri
CoreNet Global to Host Symposium on `Corporate Real Estate Design for Profit and Productivity' at Guangzhou Design Week
November 27, 2007
Global Real Estate Experts To Share Design Strategies And
Ideas Atone Of The Most Prominent Events On The
International Design Calendar
GUANGZHOU, Nov. 27 /Xinhua-PRNewswire/ -- CoreNet
Global is pleased to announce that it will host a symposium
on "Corporate Real Estate Design for Profit and
Productivity" at this year's Guangzhou Design Week
scheduled to take place at the Guangzhou Baiyun
International Convention Centre from November 29 to
December 4, 2007.
The symposium, which will be held from 9.00 a.m. to
6.00 p.m. on November 30 will bring together commercial
property experts and thought leaders from around the globe
for a day of information exchange, networking and
discussions on issues pertinent to all aspects of corporate
real estate (CRE) design.
Co-organised by the Government of Guangzhou, the
International Council of Interior Architects and Designers
(ICIAD) and City Expositions Guangzhou, the forum is
considered timely given the dynamic economic growth of the
Pearl River Delta area and escalating demands across the
region for commercial property ranging from manufacturing
facilities to office space.
The event will therefore not only provide audience
members with a unique opportunity to learn more about a
sector of crucial importance to the development of the
Southern China region.
More significantly, delegates will also benefit from
insight into facility planning, strategy, management and
methodologies, plus how best practices in corporate realty
design can create value for their organizations.
According to Mr. Alex Lam, CoreNet Global's Managing
Director for Asia Pacific, identifying future commercial
real estate design trends and creating business models to
maximize return on property investments is integral to the
success of Chinese companies operating in the Pearl River
Delta area.
Mr. Lam comments, "CoreNet Global is thus very
proud to partner with the ICIAD and City Expositions
Guangzhou to host an event dedicated to introducing the
concept of corporate real estate design and why it is
important for Chinese corporations to embrace CRE as part
of their strategy for business success."
The opening address for the symposium will be provided
by Mr. Weiguang Guo, Vice Director of the Economic and
Trade Commission of the Guangzhou Municipality who will set
the scene for the one day programme by defining the economic
outlook for Southern China, and the important contribution
the real estate industry is likely to make towards the
region's development and growth.
The symposium will also feature engaging presentations
from representatives of organizations including Motorola,
Standard Chartered Bank, Cisco Systems, Siemens, Jones Lang
LaSalle, DEGW and the International School of Beijing.
In addition, subject areas to be discussed will range
from `Design Trends in Global Business,' and `Corporate
Design Standards,' to `What Makes a Good Real Estate
Investment' and `Why Design is Important to Business
Success.'
About CoreNet Global
CoreNet Global is the world's premier association for
corporate real estate and related professionals.
Headquartered in Atlanta, Georgia, USA, the global learning
organization is the industry thought and opinion leader,
plus the only professional real estate group that convenes
the entire industry.
Today, CoreNet Global's members manage US $1.2 trillion
in worldwide corporate assets of owned and leased office,
industrial and other space. With nearly 7,000 members
representing large organizations around the world, CoreNet
Global operates in five global regions: Asia/Japan,
Australia, Europe, Latin American and North America.
For more information, please visit the CoreNet Global
website at http://www.corenetglobal.org .
For more information, please contact:
CoreNet Global
Jennifer Gao
Tel: +86-21-6122-1251
Fax: +86-21-6122-1481
Email: jgao@corenetglobal.org
Facility Media
Janet Middlemiss
Tel: +852-2857-3832/ +852-9195-7829
Fax: +852-2840-1284
Email: jm@facilitymedia.com
2007'12.07.Fri
CoreNet Global to Host Symposium on ¡¥Corporate Real Estate Design for Profit and Productivity¡¦at Guangzhou Design Week
November 27, 2007
Global Real Estate Experts To Share Design Strategies And
Ideas Atone Of The Most Prominent Events On The
International Design Calendar
GUANGZHOU, Nov. 27 /Xinhua-PRNewswire/ -- CoreNet
Global is pleased to announce that it will host a symposium
on "Corporate Real Estate Design for Profit and
Productivity" at this year¡¦s Guangzhou Design Week
scheduled to take place at the Guangzhou Baiyun
International Convention Centre from November 29 to
December 4, 2007.
The symposium, which will be held from 9.00 a.m. to
6.00 p.m. on November 30 will bring together commercial
property experts and thought leaders from around the globe
for a day of information exchange, networking and
discussions on issues pertinent to all aspects of corporate
real estate (CRE) design.
Co-organised by the Government of Guangzhou, the
International Council of Interior Architects and Designers
(ICIAD) and City Expositions Guangzhou, the forum is
considered timely given the dynamic economic growth of the
Pearl River Delta area and escalating demands across the
region for commercial property ranging from manufacturing
facilities to office space.
The event will therefore not only provide audience
members with a unique opportunity to learn more about a
sector of crucial importance to the development of the
Southern China region.
More significantly, delegates will also benefit from
insight into facility planning, strategy, management and
methodologies, plus how best practices in corporate realty
design can create value for their organizations.
According to Mr. Alex Lam, CoreNet Global¡¦s Managing
Director for Asia Pacific, identifying future commercial
real estate design trends and creating business models to
maximize return on property investments is integral to the
success of Chinese companies operating in the Pearl River
Delta area.
Mr. Lam comments, "CoreNet Global is thus very
proud to partner with the ICIAD and City Expositions
Guangzhou to host an event dedicated to introducing the
concept of corporate real estate design and why it is
important for Chinese corporations to embrace CRE as part
of their strategy for business success."
The opening address for the symposium will be provided
by Mr. Weiguang Guo, Vice Director of the Economic and
Trade Commission of the Guangzhou Municipality who will set
the scene for the one day programme by defining the economic
outlook for Southern China, and the important contribution
the real estate industry is likely to make towards the
region¡¦s development and growth.
The symposium will also feature engaging presentations
from representatives of organizations including Motorola,
Standard Chartered Bank, Cisco Systems, Siemens, Jones Lang
LaSalle, DEGW and the International School of Beijing.
In addition, subject areas to be discussed will range
from ¡¥Design Trends in Global Business,¡¦ and ¡¥Corporate
Design Standards,¡¦ to ¡¥What Makes a Good Real Estate
Investment¡¦ and ¡¥Why Design is Important to Business
Success.¡¦
About CoreNet Global
CoreNet Global is the world¡¦s premier association for
corporate real estate and related professionals.
Headquartered in Atlanta, Georgia, USA, the global learning
organization is the industry thought and opinion leader,
plus the only professional real estate group that convenes
the entire industry.
Today, CoreNet Global¡¦s members manage US $1.2
trillion in worldwide corporate assets of owned and leased
office, industrial and other space. With nearly 7,000
members representing large organizations around the world,
CoreNet Global operates in five global regions: Asia/Japan,
Australia, Europe, Latin American and North America.
For more information, please visit the CoreNet Global
website at http://www.corenetglobal.org .
Contact Details
For more information, please contact:
CoreNet Global
Jennifer Gao
Tel: +86-21-6122-1251
Fax: +86-21-6122-1481
Email: jgao@corenetglobal.org
Facility Media
Janet Middlemiss
Tel: +852-2857-3832 / +852-9195-7829
Fax: +852-2840-1284
Email: jm@facilitymedia.com
2007'12.07.Fri
Corning Celebrates Expansion of Emissions-Control Facility in China
November 27, 2007
Expansion Will Help Company to Meet Global Supply of
Ceramic Substrates
CORNING, N.Y., Nov. 27 /Xinhua-PRNewswire/ -- Corning
Incorporated (NYSE: GLW) today celebrated the completed
expansion of its clean-air products facility, Corning
Shanghai Company, Ltd. (CSCL) in Shanghai, China. The
additional capacity will help Corning to increase its
manufacturing capabilities to meet anticipated local and
global demand for advanced ceramic substrates for
light-duty vehicle applications. Corning's Board of
Directors approved a capital expenditure of approximately
$15 million for the expansion in March 2006.
(Logo: http://www.xprn.com/xprn/sa/200708141205-min.jpg
)
"We are delighted to celebrate this important
achievement with our customers, members of the Chinese
government and our dedicated employees," said
Corning's President and Chief Operating Officer Peter
Volanakis, who presided at the event. "This
investment further demonstrates Corning's continued support
of the Greater China region. It also increases our ability
to meet the demands of customers throughout Asia and the
rest of the world."
The future growth of light-duty ceramic substrates, the
heart of catalytic converters, will be driven by the global
adoption of new and tighter emissions control regulations.
Corning's advanced ceramic substrates are robust, monolithic
products that deliver high performance and reduced
engine-out emissions. Corning's Celcor(R) product
portfolio includes standard, thin-wall and ultra-thinwall
substrates.
"The advanced ceramic substrates that we
manufacture at CSCL help our customers meet tightening
emissions regulations," said Thomas Appelt, vice
president and general manager, Automotive Technologies,
Corning Incorporated. "In addition, our highly
skilled sales and engineering teams provide technical
expertise to help design, model and test emissions control
systems that help our customers meet global requirements
and achieve first-class standards."
CSCL, which is wholly owned by Corning Incorporated, is
a state-of-the-art, high-tech emissions control substrate
facility that first began shipping product in early 2001.
In addition to manufacturing advanced substrates, CSCL also
includes sales, marketing and engineering operations that
provide world-class service for Corning customers in China
and throughout Asia.
Corning is a leading supplier of advanced catalytic
converter substrates and particulate filters, supplying the
world's major manufacturers of gasoline and diesel engines
and vehicles. The company invented an economical,
high-performance cellular ceramic substrate in the early
1970s that is now the standard for catalytic converters
worldwide. Corning also developed the cellular ceramic
particulate filter to remove soot from diesel engine
emissions in 1978.
About Corning Incorporated
Corning Incorporated ( http://www.corning.com ) is the
world leader in specialty glass and ceramics. Drawing on
more than 150 years of materials science and process
engineering knowledge, Corning creates and makes keystone
components that enable high-technology systems for consumer
electronics, mobile emissions control, telecommunications
and life sciences. Our products include glass substrates
for LCD televisions, computer monitors and laptops; ceramic
substrates and filters for mobile emission control systems;
optical fiber, cable, hardware & equipment for
telecommunications networks; optical biosensors for drug
discovery; and other advanced optics and specialty glass
solutions for a number of industries including
semiconductor, aerospace, defense, astronomy and
metrology.
For more information, please contact:
Media Relations Contacts:
Lisa A. Burns
Tel: +1-607-974-4897
Email: burnsla@corning.com
Pamela W. Porter
Tel: +1-607-974-9980
Email: porterpw@corning.com
Additional Contact:
Kenneth C. Sofio
Tel: +1-607-974-7705
Email: sofiokc@corning.com
2007'12.07.Fri
Deutsche Grammophon Introduces the Global Site for Downloading Classical Music, the DG Web Shop
November 27, 2007
HAMBURG, Germany, Nov. 27 /Xinhua-PRNewswire/ --
Deutsche Grammophon (DG), a division of Universal Music
Group, the world's leading music company, will become the
first major classical record label to make the majority of
its huge catalogue available online for download with the
launch of its new DG Web Shop ( http://www.dgwebshop.com
).
As the world's leading classical music recording
company, Deutsche Grammophon will launch its DG Web Shop on
28 November, enabling consumers in 42 countries to download
music at the highest technical and artistic standards. This
global penetration includes markets where the major
e-business retailers, such as iTunes, are not yet
available: Southeast Asia including China, India, Latin
America, South Africa, and Central and Eastern Europe
including Russia.
Michael Lang, President of Deutsche Grammophon, stated:
"Our company was founded over 110 years ago, and since
then, it has stood for innovation and quality. During the
development of our new web shop, we remained true to these
principles as we continue to expand the digital music
marketplace with our range of download services."
Almost 2,400 DG albums will be available for download
in maximum MP3 quality at a transfer bit-rate of 320
kilobits per second (kbps) -- an audio-level that experts
agree is indistinguishable from CD quality audio; and which
exceeds the usual industry download-standard of 128-192 kbps
(as well as EMI's 256 kbps on iTunes).
Through the launch of this new portal, drawing on the
existing strength of its 250,000 unique web site visitors
per month, the company once again shows that tradition and
technical progress can be combined, and that new
distribution channels can be created to appeal to a wider
range of music consumers.
Among the highlights of the DG Web Shop are almost 600
album titles which are no longer available as CDs -- these
have been specially converted into MP3 files for the DG Web
Shop, making them available as downloads -- with more
out-of-print titles to follow. The goal is to digitize all
the great Deutsche Grammophon recordings to be accessible
for download -- a treasure of music history, always
available.
Visitors to the web shop have the choice of buying
entire albums, collections of albums and box-sets -- or
individual movements, complete works, and individual
pieces. In contrast to many other digital download
services all tracks are available for sale regardless of
length.
To design and operate the DG Web Shop, Deutsche
Grammophon has partnered with DDD (Germany) and Fresh
Digital Inc. (UK). The DG Web Shop will begin by accepting
purchases both in US dollars and euros, depending on the
residence of the customer. Prices are competitive with
current e-business pricing. For example, individual titles
with a playing time of up to seven minutes will be priced
as low as USD/EUR1.29; while regular-length albums --
with/without "e-booklets" (ie, cover-art,
photographs, and liner notes) -- will sell for between
USD/EUR 10.99 and USD/EUR11.99.
All titles will be offered as 320 kbps MP3s without
Digital Rights Management (DRM), as part of Universal Music
Group's ongoing market trials of DRM-free downloads,
announced earlier this year. This means that DG Web Shop
downloads will be compatible with all portable music
players including iPods and Walkmans; and, of course,
burnable to CD.
Michael Lang emphasized, "By launching this
easy-to-use, intuitive DG Web Shop, we are not only
expecting a significant growth in turnover but are also
aiming to solidify and expand the digital future. In
concrete terms, this means establishing innovative sales
channels and concepts: by attracting the classical novice
and, of course, those already steeped in the genre -- and
everyone in-between -- as they transfer from being only CD
buyers to exploring the advantages of downloading, in
CD-comparable audio. This web shop's easy-to-use search
function helps all music enthusiasts find and select music
by categories such as genre, composer, artist, as well as
filter by awards, reviews and series."
Music fans without downloading experience will have
easy access to the world of the DG Web Shop. "We're
offering music consumers a user-friendly 3-click process --
the easiest way to load our music on their computer and MP3
player," explained Daniel Goodwin, head of Deutsche
Grammophon's Marketing & Media department. "The
shop is part of Deutsche Grammophon's ever-popular, newly
redesigned web-site, containing news, e-booklets, promotion
videos, tour dates, and more, as well as detailed
information on the composer's works, recordings, and
artists on Deutsche Grammophon. It now makes our web shop
also a well-rounded music boutique".
As Christopher Roberts, President, Classics & Jazz,
Universal Music Group International, summarizes, "The
DG Web Shop will play a defining role in the digital
marketplace -- superior audio, easy-to-use and compatible
with all players. Now the greatest classical music
recordings are available world-wide."
Industry insiders expect strong growth rates for
downloading classical music during the coming years. Price
Waterhouse Coopers, for example, in its study Global
Entertainment and Media Outlook 2006-2010 forecast that
digital turnover will triple between 2007 and 2010.
About Deutsche Grammophon
Deutsche Grammophon was founded in Hanover, Germany in
1898 by Emil Berliner and his brothers. After WW I the
company grew into the most important German record company.
Renowned, international classical artists on Deutsche
Grammophon helped the company to achieve worldwide market
leadership for classical recordings in the 20th century --
and today it is regarded as the premium brand in the
classical world, winning this year's Gramophone magazine
"Label of the Year" award. Now based in Hamburg,
it's the largest dedicated classical music recording company
today.
Further information is available at
http://www.deutschegrammophon.com .
For more information, please contact:
Cecily Chen
Tel: +86-21-2405-0360
Email: Cecily_chen@cohnwolfe.com
2007'12.07.Fri
Deutsche Grammophon Introduces the Global Site for Downloading Classical Music, the DG Web Shop
November 27, 2007
HAMBURG, Germany, Nov. 27 /Xinhua-PRNewswire/ --
Deutsche Grammophon (DG), a division of Universal Music
Group, the world's leading music company, will become the
first major classical record label to make the majority of
its huge catalogue available online for download with the
launch of its new DG Web Shop ( http://www.dgwebshop.com
).
As the world's leading classical music recording
company, Deutsche Grammophon will launch its DG Web Shop on
28 November, enabling consumers in 42 countries to download
music at the highest technical and artistic standards. This
global penetration includes markets where the major
e-business retailers, such as iTunes, are not yet
available: Southeast Asia including China, India, Latin
America, South Africa, and Central and Eastern Europe
including Russia.
Michael Lang, President of Deutsche Grammophon, stated:
"Our company was founded over 110 years ago, and since
then, it has stood for innovation and quality. During the
development of our new web shop, we remained true to these
principles as we continue to expand the digital music
marketplace with our range of download services."
Almost 2,400 DG albums will be available for download
in maximum MP3 quality at a transfer bit-rate of 320
kilobits per second (kbps) -- an audio-level that experts
agree is indistinguishable from CD quality audio; and which
exceeds the usual industry download-standard of 128-192 kbps
(as well as EMI's 256 kbps on iTunes).
Through the launch of this new portal, drawing on the
existing strength of its 250,000 unique web site visitors
per month, the company once again shows that tradition and
technical progress can be combined, and that new
distribution channels can be created to appeal to a wider
range of music consumers.
Among the highlights of the DG Web Shop are almost 600
album titles which are no longer available as CDs -- these
have been specially converted into MP3 files for the DG Web
Shop, making them available as downloads -- with more
out-of-print titles to follow. The goal is to digitize all
the great Deutsche Grammophon recordings to be accessible
for download -- a treasure of music history, always
available.
Visitors to the web shop have the choice of buying
entire albums, collections of albums and box-sets -- or
individual movements, complete works, and individual
pieces. In contrast to many other digital download
services all tracks are available for sale regardless of
length.
To design and operate the DG Web Shop, Deutsche
Grammophon has partnered with DDD (Germany) and Fresh
Digital Inc. (UK). The DG Web Shop will begin by accepting
purchases both in US dollars and euros, depending on the
residence of the customer. Prices are competitive with
current e-business pricing. For example, individual titles
with a playing time of up to seven minutes will be priced
as low as USD/EUR1.29; while regular-length albums --
with/without "e-booklets" (ie, cover-art,
photographs, and liner notes) -- will sell for between
USD/EUR 10.99 and USD/EUR11.99.
All titles will be offered as 320 kbps MP3s without
Digital Rights Management (DRM), as part of Universal Music
Group's ongoing market trials of DRM-free downloads,
announced earlier this year. This means that DG Web Shop
downloads will be compatible with all portable music
players including iPods and Walkmans; and, of course,
burnable to CD.
Michael Lang emphasized, "By launching this
easy-to-use, intuitive DG Web Shop, we are not only
expecting a significant growth in turnover but are also
aiming to solidify and expand the digital future. In
concrete terms, this means establishing innovative sales
channels and concepts: by attracting the classical novice
and, of course, those already steeped in the genre -- and
everyone in-between -- as they transfer from being only CD
buyers to exploring the advantages of downloading, in
CD-comparable audio. This web shop's easy-to-use search
function helps all music enthusiasts find and select music
by categories such as genre, composer, artist, as well as
filter by awards, reviews and series."
Music fans without downloading experience will have
easy access to the world of the DG Web Shop. "We're
offering music consumers a user-friendly 3-click process --
the easiest way to load our music on their computer and MP3
player," explained Daniel Goodwin, head of Deutsche
Grammophon's Marketing & Media department. "The
shop is part of Deutsche Grammophon's ever-popular, newly
redesigned web-site, containing news, e-booklets, promotion
videos, tour dates, and more, as well as detailed
information on the composer's works, recordings, and
artists on Deutsche Grammophon. It now makes our web shop
also a well-rounded music boutique".
As Christopher Roberts, President, Classics & Jazz,
Universal Music Group International, summarizes, "The
DG Web Shop will play a defining role in the digital
marketplace -- superior audio, easy-to-use and compatible
with all players. Now the greatest classical music
recordings are available world-wide."
Industry insiders expect strong growth rates for
downloading classical music during the coming years. Price
Waterhouse Coopers, for example, in its study Global
Entertainment and Media Outlook 2006-2010 forecast that
digital turnover will triple between 2007 and 2010.
About Deutsche Grammophon
Deutsche Grammophon was founded in Hanover, Germany in
1898 by Emil Berliner and his brothers. After WW I the
company grew into the most important German record company.
Renowned, international classical artists on Deutsche
Grammophon helped the company to achieve worldwide market
leadership for classical recordings in the 20th century --
and today it is regarded as the premium brand in the
classical world, winning this year's Gramophone magazine
"Label of the Year" award. Now based in Hamburg,
it's the largest dedicated classical music recording company
today.
Further information is available at
http://www.deutschegrammophon.com .
For more information, please contact:
Cecily Chen
Tel: +86-21-2405-0360
Email: Cecily_chen@cohnwolfe.com
2007'12.07.Fri
Youku.com Raises US$25 Million to Extend Leadership in China's Online Video Space
November 27, 2007
Brookside Capital Partners Leads Series C Round with
Continued Participation by Sutter Hill, Farallon Capital
and Chengwei Ventures
BEIJING, Nov. 27 /Xinhua-PRNewswire/ -- Youku.com, the
leading online video sharing website in China, announced
today it has completed a US$25 million round of private
equity funding. This investment will be used to accelerate
the company's rapid growth, expand sales and marketing
efforts and further upgrade R&D and the video service
standard of Youku.com.
Officially launched in December 2006, Youku (
http://www.youku.com ) is the leader in online video in
China. It is the leading destination for Chinese people to
watch and share short-form videos all over the world. Youku
currently delivers more than 80 million video views on a
daily basis. With a broad user base and attractive
demographics, Youku has provided interactive marketing
solutions to advertising clients such as Dell, Samsung,
Shanda, Ford Motors, Rising software, Hewlett Packard,
Giant Interactive, etc.
"Youku has achieved its leadership position in the
last 12 months by growing more than 10 times in user base
and number of videos viewed per day," said Victor Koo,
Founder and CEO of Youku.com. "We are honored to have
Brookside Capital Partners, a fund affiliated with global
private equity firm Bain Capital, as our new investment
partner, and continued participation by Sutter Hill,
Farallon and Chengwei Ventures. With the support of these
world-class investors, we are confident to build Youku into
the largest and most profitable online video company in
China."
Besides closing a new round of financing, Youku also
announced recently that it has entered into an online video
strategic cooperation with Sohu.com. Previously, Youku.com
formed a strategic partnership with Baidu, the leading
search engine in China and the company also provides
exclusive game video support to Shanda, the Nasdaq-listed
online game operator in China. In the mean time, Youku has
also cooperated with many leading media and entertainment
organizations in China, including China Film Group, CCTV,
Universal Music, Phoenix TV, Shanghai TV, Jiangsu Satellite
TV and China Education TV, for example.
"We are very happy to bring our firm's media
expertise to this partnership with Youku," said Mark
Moore, Director at Brookside Capital Partners. "We
believe Victor and his team are well positioned to
replicate the success of the leading Chinese internet
portals in the video space and succeed in building another
strong internet company in China."
Before Series C, Youku successfully completed two
rounds of venture financing of US$15 million in total from
Sutter Hill Ventures, Farallon Capital and Chengwei
Ventures.
"We are very proud of what Youku has achieved in
the last 12 months since we made our first
investment," said Len Baker, Managing Director of
Sutter Hill Ventures. "Online video is rapidly
changing the media landscape both in the U.S. and China,
and we are confident that Youku's management team will
execute its business plan and capitalize on this tremendous
opportunity in China."
About Youku.com
Founded in November 2005, Youku is the leader in online
video in China. It is the leading destination for Chinese
people to watch and share short-form videos all over the
world. The Youku.com website was officially launched in
December 2006 and has grown rapidly since -- Youku delivers
more than 80 million daily video views as of November 2007.
About Brookside Capital Partners & Bain Capital
Brookside Capital Partners is an investment fund
affiliated with Bain Capital ( http://www.baincapital.com
), a leading global private investment firm with
approximately $60 billion in assets under management.
Formed in 1996, Brookside invests across a broad spectrum
of industries including media & telecom, healthcare,
consumer, industrial and financial services. Each
investment is based on fundamental analysis of the
company's business by professionals who are sector focused.
Headquartered in Boston, Bain Capital has offices in Hong
Kong, Shanghai, Tokyo, New York, London, and Munich.
About Sutter Hill Ventures
Sutter Hill Ventures has financed technology-based
start-ups and assisted entrepreneurs in building
market-leading companies since 1962. The oldest venture
capital firm in Silicon Valley, they have invested over 350
technology and medical start-ups and created over $100
billion in market value.
About Farallon Capital
Farallon Capital Management, L.L.C. is an investment
adviser registered with the U.S. Securities and Exchange
Commission. The firm manages more than $16 billion equity
capital for institutions and high net worth individuals,
and its institutional investors are primarily college
endowments and foundations.
About Chengwei Ventures
Chengwei Ventures, based in Shanghai, is one of the
first independent venture capital funds and the only
evergreen private equity fund to operate in China.
Chengwei was founded in 1999 for the purpose of investing
in high-growth potential companies in a variety of
industries including communication software, IC design,
niche component manufacturing, healthcare and media.
Chengwei's investments in China include AAC Acoustic
Limited (Stock Code: 2018), Sunny Optics (Stock Code:
2328), Huaya Technology, OneWave Inc., HDT, Inc., BabyCare
Ltd. and AsiaInfo.
For more information, please contact:
Media Contact:
Youku.com
Karen Chen
Tel: +86-10-8460-8668
Mobile: +86-135-0125-2100
Email: chenying@youku.com
Stanton Crenshaw Communications
Alex Stanton
Tel: +1-212-780-1900
Email: alex@stantoncrenshaw.com
2007'12.07.Fri
Mylan Announces Appointment of Steven G. Zylstra as Vice President of Global Corporate Communication and Public Relations
November 27, 2007
PITTSBURGH, Nov. 27 /Xinhua-PRNewswire/ -- Mylan Inc.
(NYSE: MYL) today announced the appointment of Steven G.
Zylstra as Vice President, Global Corporate Communication
and Public Relations. Mr. Zylstra will manage and oversee
all internal and external communications and provide
communications and public relations counsel to members of
Mylan's global senior management team in their various
roles across the Company.
Mr. Zylstra joins Mylan from the Pittsburgh Technology
Council and the Pittsburgh Biomedical Development
Corporation where he served as President and CEO. He joined
the Pittsburgh Technology Council et al after serving as
Director, Business Development, for Simula Technologies
Inc. Prior to joining Simula, Mr. Zylstra served as General
Manager, General Pneumatics Corporation's Western Research
Center, and, prior to that, he served as Technical Manager
for Bendix Guidance Systems Division. Mr. Zylstra joins
Mylan with nearly 30 years of public relations, senior
management, business development, marketing, government
relations and engineering experience, including the past
seven years as a chief spokesman for the technology and
manufacturing industries in southwestern Pennsylvania.
Mylan Vice Chairman and CEO Robert J. Coury said:
"In Steve, Mylan is adding yet another
highly-seasoned, top-notch leader to further strengthen our
senior management team. His rich and diverse background
steeped in technology and manufacturing, makes him
especially well suited to articulate the dynamic future and
intrinsic complexities of both Mylan and of the generic and
specialty pharmaceuticals industries."
Mr. Zylstra said: "I am elated to be joining Mylan
at this transformational period in the Company's already
prosperous history. I look forward to working with the
members of an extraordinary global management team and
supporting them and their operations with a world-class
communications program as Mylan becomes the leading quality
generic and specialty pharmaceutical company in the
world."
Mr. Zylstra earned a bachelor's of science degree from
Western Michigan University.
Mylan Inc. is one of the world's leading quality
generic and specialty pharmaceutical companies. The Company
offers one of the industry's broadest and highest quality
product portfolios, a robust product pipeline and a global
commercial footprint through operations in more than 90
countries. Through its controlling interest in Matrix
Laboratories Limited, Mylan has direct access to one of the
largest active pharmaceutical ingredient (API) manufacturers
in the world. Dey L.P., Mylan's fully integrated specialty
business, provides the Company with innovative and
diversified opportunities in the respiratory and allergy
therapeutic areas. For more information about Mylan, please
visit http://www.mylan.com .
For more information, please contact:
Kris King
Mylan Inc.
Tel: +1-724-514-1800
2007'12.07.Fri
DuPont Titanium Technologies Announces a Price Increase for All Ti-Pure(R) Titanium Dioxide Products Sold in Asia
November 27, 2007
SINGAPORE and WILMINGTON, Del., Nov. 27
/Xinhua-PRNewswire/ -- DuPont Titanium Technologies today
announced a price increase for all DuPont(TM) Ti-Pure(R)
titanium dioxide grades sold in the Asia Pacific region.
Effective January, 15, 2008, or as permitted by
contract, prices for all titanium dioxide grades (TiO2)
will increase $150 USD per ton in Asia except People's
Republic of China.
Effective January 15, 2008, or as permitted by
contract, prices in China will increase by 1.5RMB/kg.
This increase is in addition to the global price
increase actions announced previously and being implemented
through 4Q2007 by DuPont. Input costs associated with raw
materials, energy, fuel and transportation continue to
escalate rapidly. The increases implemented to date in
2007 still leave prices well below the levels required to
offset both structural changes in costs and recent rapid
cost escalations. DuPont Titanium Technologies will
continue to work to offset these increases with
productivity initiatives, but such initiatives alone cannot
be expected to support margins and reinvestment economics
necessary to support the needs of our customers in the
growing Asian markets.
In addition to this overall portfolio increase
announcement, DuPont Titanium Technologies will implement a
price differential between selected elements of the standard
offering and selected specialty offering elements in the
product line. This will include some grades, some
packaging and some logistics.
DuPont Titanium Technologies is the world's largest
manufacturer of titanium dioxide, serving customers
globally in the coatings, paper and plastics industries.
The company operates plants at DeLisle, Miss.; New
Johnsonville, Tenn.; Edge Moor, Del.; Altamira, Mexico; and
Kuan Yin, Taiwan; all of which use the chloride
manufacturing process. The company also operates a plant
in Uberaba, Brazil, for finishing titanium dioxide and a
mine in Starke, Fla. Technical service centers are located
in Uberaba, Brazil; Mexico City, Mexico; Mechelen, Belgium;
Kuan Yin, Taiwan; Ulsan, Korea; Wilmington, Del.; and
Shanghai, China, to serve the European, Middle Eastern,
United States, Asian and Latin America markets.
DuPont (NYSE: DD) is a science-based products and
services company. Founded in 1802, DuPont puts science to
work by creating sustainable solutions essential to a
better, safer, healthier life for people everywhere.
Operating in more than 70 countries, DuPont offers a wide
range of innovative products and services for markets
including agriculture, nutrition, electronics,
communications, safety and protection, home and
construction, transportation and apparel.
The DuPont Oval Logo, DuPont(TM), The miracles of
science(TM), and Ti-Pure(R) are registered trademarks or
trademarks of DuPont or its affiliates.
Contact: Kimberlie A. Lantz
United States
302-999-2361
kimberlie.a.lantz@usa.dupont.com
Ricky Fu Ming law
Singapore
(65) 6586 3055
Ricky-Fu-Ming.Law@sgp.dupont.com
2007'12.07.Fri
UNIFEM and Goodwill Ambassador Nicole Kidman Launch Internet Campaign on Ending Violence against Women
November 27, 2007
NEW YORK, Nov. 27 /Xinhua-PRNewswire/ -- United Nations
-- The United Nations Development Fund for Women, UNIFEM,
its Goodwill Ambassador Nicole Kidman, and a large number
of partners launched an Internet campaign on ending
violence against women today. Titled, "Say NO to
Violence against Women," the campaign invites people
to add their names to a "virtual" book on a web
site that has been developed specifically for this purpose:
http://www.saynotoviolence.org . Urging hundreds of
thousands -- even millions -- of people around the world to
participate, the campaign aims to send a strong message to
decision-makers to place ending violence against women high
on the global agenda.
"Violence against women is an appalling human
rights violation," said UNIFEM Goodwill Ambassador
Nicole Kidman. "But it is not inevitable. We can put a
stop to this. The more names we collect, the stronger our
case to make ending violence against women a top priority
for governments everywhere. This is why I was the first to
sign my name."
Statistics indicate that as many as one in three women
will experience violence in her lifetime. Too often, this
violence occurs with impunity for perpetrators and
inadequate access to support for survivors. UNIFEM has been
a leading advocate for decisive action to address the
multiple manifestations of gender-based violence -- whether
it be domestic violence, human trafficking or systematic
rape in conflict zones. The task continues, however, to be
an uphill battle, as fear and shame prevent many women from
speaking out.
Joanne Sandler, acting UNIFEM Executive Director, said:
"The momentum to address violence against women is
increasing. At least 89 countries, for example, have
legislative provisions on domestic violence by now. But
implementation of these laws is often insufficient due to a
lack of political will, capacity and resources. As long as
violence is pervasive and women do not dare to accuse their
abusers, the issue needs to be much more prominent in public
debate."
UNIFEM's Internet campaign is a gateway to information
on violence against women, including pointing out ways to
get involved. Since resources are critical to tackling the
issue, it also highlights the UN Trust Fund to End Violence
against Women, through which initiatives in developing
countries have received much-needed support, in particular
to advance the implementation of laws and policies.
Major civil society organizations representing millions
of members, such as World YWCA, Zonta International and the
White Ribbon Campaign have come on board as launch
partners, as have private sector companies like Avon, and
UN partners such as UNICEF.
The campaign will run until 8 March 2008, International
Women's Day. It was developed on a pro bono basis by
London-based advertising agency Leo Burnett, with
additional pro bono support by companies arc, sky, vividas,
tsunami, ITN source, MPC, and wave.
For more information, please contact:
UNIFEM
Nanette Braun
Tel: +1-212-906-6829
Email: nanette.braun@unifem.org
Letitia Anderson
Tel: +1-212-906-6506
Email: letitia.anderson@unifem.org
2007'12.07.Fri
Banglalink Selects Comptel Provisioning and Activation Solution
November 27, 2007
-- Orascom Telecom subsidiary in Bangladesh will use
Comptel software to improve fulfillment processes for
mobile services
HELSINKI, Finland, Nov. 26 /Xinhua-PRNewswire/ --
Comptel Corporation (OMX Helsinki: CTL1V), the leading
vendor of dynamic Operations Support System (OSS) software,
announced today that mobile operator banglalink, a fully
owned subsidiary of Orascom Telecom Holding (OTH), has
selected Comptel Provisioning and Activation Solution.
banglalink is the second announcement of an OTH subsidiary
selecting Comptel software since the publication of Comptel
status as preferred supplier to the group.
banglalink has been pursuing an aggressive strategy of
growth. In 2006 alone, banglalink grew its subscriber base
by over 250%. However, banglalink identified that their
existing activation solution would not be able to keep pace
with their ambitions. As a result, banglalink selected
Comptel Provisioning and Activation Solution to automate
mobile service activation.
Mr. Waleed El-Sonbaty, IT Director for banglalink,
says: "Orascom Telecom chose Comptel's solutions based
on their impressive track record and technological
superiority in the telecoms marketplace worldwide. With the
rapid increase of banglalink's subscriber base, over 5.1
million (Q2, 2007) in just over two years, it is imperative
for us to continue providing our customers with the best
available quality when it comes to our products and
services, service delivery, service stability and overall
credibility of our operations. Comptel's suite of products
will also provide us the required flexibility and optimal
time to market to tailor solution catering for our
differentiated clientele base."
Mr. Mohamed Kamel Selim, Application Development &
Billing Support Manager at banglalink, continues:
"banglalink is a key-player in Bangladeshi telecom
market in products and services delivery. By selecting
Comptel Provisioning and Activation Solution, we want to
continue in delivering innovative products and services
fast and reliable to our customers and also cost effective.
We rely on Comptel's extensive experience and technical
capabilities to achieve these targets and to continue as
main key-player in the market."
Comptel Provisioning and Activation Solution automates
the service fulfillment processes. With a single interface,
it covers the entire workflow -- from service order to start
of billing. At banglalink, Comptel Provisioning and
Activation Solution will be used to activate both voice and
data services, for postpaid and prepaid customers.
Mr. Kari Pasonen, Comptel's Senior Vice President,
Provisioning and Activation Business, concludes:
"banglalink's selection of Comptel is yet another
proof of our leadership in fulfillment. It is also yet
another success for Comptel on the subcontinent which is
one of the fastest growing regions in the world for telecom
services. And of course, this announcement reinforces our
relationship with banglalink's parent company, Orascom
Telecom."
About banglalink
banglalink is a fully owned subsidiary of Orascom
Telecom Holding that started its operation in Bangladesh in
February 2005. With aggressive strategies of network
expansion, dedicated customer service and innovative
marketing solutions banglalink became the fastest growing
mobile operator of the country. According to declared
results of June 2007, banglalink has network coverage all
over the country with more than 5.1 million subscribers in
the network. For more information:
http://www.banglalinkgsm.com/
About Comptel Corporation
Comptel ( http://www.comptel.com ) provides Comptel
Dynamic OSS(TM) solutions, offering service-enabling
mediation, charging and fulfillment capabilities to telecom
service providers.
For more information, please contact:
Olivier Suard
Comptel Corporation
Tel: +44-20-78874513
Email: olivier.suard@comptel.com
2007'12.07.Fri
Canadian Solar Signs Annual Solar Cell Supply Contract with Gintech Energy Corporation for About USD 60 Million in 2008
November 26, 2007
JIANGSU, China, Nov. 26 /Xinhua-PRNewswire/ -- Canadian
Solar Inc. ("the Company", or "CSI")
(Nasdaq: CSIQ) today announced it signed an annual solar
cell supply contract with long-term supplier Gintech Energy
Corporation of Taiwan. Total shipments to CSI under the
contract amount are between 17MW to 22MW with fixed pricing
and delivery schedules in 2008. The shipment will start in
January 2008.
Scott Kuo, Chairman of Gintech commented, "Gintech
is committed to delivering solar cells of the highest
quality at competitive prices to serve our clients. Our
goal is to become the best and specialized solar cell
producer with solid and diversified customer relationship.
Our continued relationship with CSI, one of the leading
solar manufacturing companies, brings us closer to this
goal."
Dr. Shawn Qu, CEO of CSI, said, "We were able to
secure this new contract on competitive terms due to our
strong relationship with Gintech, which has been a valued
partner of CSI since 2004. At fixed pricing with scheduled
delivery times, the contract provides added visibility into
our supply channel to support our 2008 business plan. This
is another example of our ability to achieve win-win
relationships with companies across the solar value chain.
The continuation of our collaboration with Gintech is in
line with our long-term supply strategy, which includes
direct purchasing from a selected number of long-term
strategic cell suppliers in addition to our internal solar
cell production."
About Gintech Energy Corporation
Gintech is a solar cell manufacturer based in Taiwan.
Gintech's state-of- the-art equipment, facilities and
cost-effective production line focus only on solar cell
manufacturing. Gintech was founded in 2005 and is supported
by several top executives from the petroleum, petrochemical,
semiconductor and electronics industries in Taiwan with
insight into the global trends of renewable energy.
About Canadian Solar Inc. (Nasdaq: CSIQ)
Founded in 2001, Canadian Solar Inc. (CSI) is a
vertically integrated manufacturer of solar cell, solar
module and customer-designed solar application products
serving worldwide customers. CSI is incorporated in Canada
and conducts all of its manufacturing operations in China.
Backed by years of experience and knowledge in the solar
power market and the silicon industry, CSI has become a
major global provider of solar power products for a wide
range of applications. For more information, please visit
www.csisolar.com.
Safe Harbor/Forward-Looking Statements
Certain statements in this press release including
statements regarding expected future financial and industry
growth are forward-looking statements that involve a number
of risks and uncertainties that could cause actual results
to differ materially. These statements are made under the
"Safe Harbor" provisions of the U.S. Private
Securities Litigation Reform Act of 1995. In some cases,
you can identify forward-looking statements by such terms
as "believes," "expects,"
"anticipates," "intends,"
"estimates," the negative of these terms, or
other comparable terminology. Factors that could cause
actual results to differ include general business and
economic conditions and the state of the solar industry;
governmental support for the deployment of solar power;
future shortage or availability of the supply of
high-purity silicon; demand for end-use products by
consumers and inventory levels of such products in the
supply chain; changes in demand from significant customers,
including customers of our silicon materials sales; changes
in demand from major markets such as Germany; changes in
customer order patterns; changes in product mix; capacity
utilization; level of competition; pricing pressure and
declines in average selling price; delays in new product
introduction; continued success in technological
innovations and delivery of products with the features
customers demand; shortage in supply of materials or
capacity requirements; availability of financing; exchange
rate fluctuations; litigation and other risks as described
in the Company's SEC filings, including its annual report
on Form 20-F originally filed on May 29, 2007. Although the
Company believes that the expectations reflected in the
forward looking statements are reasonable, it cannot
guarantee future results, level of activity, performance,
or achievements. You should not place undue reliance on
these forward-looking statements. All information provided
in this press release is as of today's date, unless
otherwise stated, and Canadian Solar undertakes no duty to
update such information, except as required under
applicable law.
For more information, please contact:
For Canadian Solar Inc.
In Jiangsu, P.R. China
Bing Zhu, Chief Financial Officer
Canadian Solar Inc.
Phone: +86-512-62696755
Email: ir@csisolar.com
For Canadian Solar Inc.
In the U.S.
David Pasquale
The Ruth Group
Phone: +1-646-536-7006
Email: dpasquale@theruthgroup.com
For Gintech Energy Corporation
Sales
Gintech Energy Corporation
Phone: +886-2-2656-2000
Email: sales@gintech.com.tw
2007'12.07.Fri
Daval International Limited Gains Approval for Phase IIB Trial of AIMSPRO(R)
November 26, 2007
LONDON, Nov. 26 /Xinhua-PRNewswire/ -- Daval
International Limited, a UK private company, announces MHRA
and IRB (Ethics Committee) approval of a London based Phase
IIB trial of AIMSPRO(R), its hyperimmune caprine serum
derivative.
This double-blind placebo-controlled cross-over study
will seek to detect a beneficial effect on bladder function
in patients with Secondary Progressive Multiple Sclerosis,
following open-label observations over several years in a
number of informed consent, "compassionate basis"
patients.
AIMSPRO has an "export only" listing on the
Australian Registry of Therapeutic Goods and a TGA Orphan
Status Designation for the treatment of Krabbe's disease.
An IND application is being lodged for a further MS trial
in the United States.
AIMSPRO is a frozen medication, given as a 1ml
sub-cutaneous injection every 4 days. It is believed to
have a pronounced and sustained anti-inflammatory action
with an associated, novel effect of lowering sodium channel
triggering voltages in nerve fibres. MHRA applications for
two further clinical trials are to be lodged within the
next 3 months.
Daval International Ltd. has recently been accepted as
a member of the Association of the British Pharmaceutical
Industry. "ABE"
Daval International Limited
Daval International Limited is a privately owned
British pharmaceutical company, which, since 2001, has been
developing an immunologically active human and veterinary
medication derived from goat serum. Some 20.000 doses of
Aimspro have been administered, mainly to human subjects
with multiple sclerosis, with an excellent safety and
tolerance profile.
For more information, please contact:
Daval International Ltd
Email: email@davalinternational.com
Dr. Bryan Youl
Tel: +44-0-7793-526-096
Brian Quick
Tel: +44-0-7764-828-114
2007'12.07.Fri
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2007'12.07.Fri
Lunar Capital Management and CDC Corporation Disclose Proposal for Investment in Linktone Ltd.
November 26, 2007
Investment Proposal Part of Three-Point Restructuring Plan
for Linktone with the Goal of Repositioning the Company to
Increase Shareholder Value
BEIJING and HONG KONG, Nov. 26
/Xinhua-PRNewswire-FirstCall/ -- Lunar Capital Management
("LCM") and CDC Corporation (Nasdaq: CHINA)
and/or its subsidiaries and affiliates ("CDC",
and taken together with LCM, the "Strategic
Investors"), today disclosed that they have presented
a formal proposal for an investment in, and restructuring
of, Linktone Ltd. (Nasdaq: LTON) ("LTON" or
"Linktone").
The Strategic Investors have proposed to purchase
either common shares or convertible preferred shares
convertible into a minimum of 19.9% of the fully-diluted
equity capitalization of LTON. The purchase price would be
at a premium to Linktone's most recent closing price, in
the case of convertible preferred shares, or at a discount,
in the case of common shares. The Strategic Investors would
seek to appoint up to 3 directors to Linktone's Board of
Directors in order to effect a proposed restructuring of
Linktone's business. Furthermore, the Strategic Investors
would enter a lock up agreement not to sell the shares for
a minimum of 6 months. The consideration for the
transaction will be made entirely in cash.
The Strategic Investors are making this proposal in
order to reposition Linktone in China's wireless and media
markets for the increased benefit of Linktone's
shareholders. This repositioning would leverage the
Strategic Investor's resources and the Company's talented
management team. The Strategic Investors believe they have
the operational expertise and skill set necessary to work
with the Company to effect a restructuring of the business,
and that this proposal offers an exciting opportunity for
Linktone shareholders. If elected by the shareholders,
directors nominated by the Strategic Investors will propose
that Linktone: (1) restructure its core Wireless Value-Added
Services Business through cost cutting, product refocus and
leveraging greater synergies with partner companies; (2)
restructure new media assets into a separate stand-alone
entity with greater access to media expertise and clearer
performance metrics; and (3) actively build a pipeline of
transformative transactions aimed at increasing shareholder
value through leveraging Strategic Investor resources.
The Strategic Investors believe that this clear
three-point proposal will build value for Linktone
shareholders by leveraging outside expertise and
re-clarifying business lines in order to focus and
improving financial performance. Additionally, the
Strategic Investors believe that the proposed restructuring
will reposition Linktone as an internet, media and
telecommunications asset with significant growth potential
in China-one of the world's fastest growing telecoms, media
and technology markets.
The Strategic Investors believe that they have the
resources and operational expertise to implement the above
three point plan and deliver results. LCM is a
China-focused private equity fund manager that takes
selective stakes in businesses where it believes it can
drive value creation through applying intensive operational
expertise. Partners of LCM include former senior executives
of China's leading publicly-listed wireless, internet and
media companies and global financial services leaders. CDC
has a proven track record of acquiring attractive,
underperforming assets and growing them into industry
leading enterprises. This has been demonstrated by CDC's
acquisition and turn around of Ross Systems, Pivotal
Corporation and IMI and their subsequent evolution into CDC
Software, now independently ranked as 12th largest vendor of
enterprise and supply chain software in the world. CDC's
investments in the wireless sector include an investment in
BBMF, one of the leading 3G mobile content providers in
Japan.
Accordingly, Linktone and its shareholders should
consider LCM and CDC as value-added investors that will
provide the Company with the merger and acquisition, China
and global operational expertise to help the business
evolve in a manner which delivers increased shareholder
value.
The Strategic Investors are confident that the proposed
transaction is in the best interest of the Company and its
shareholders. This proposal is being made in good faith and
is intended to be a friendly approach from value-added
investors to assist the Company during this difficult
period. The Investors have a high-degree of confidence in
the Company and its Management, both of which are factors
in deciding to proceed with this proposal.
Strategic Investors additionally believe that the terms
of the Transaction are appropriate for the acquisition of
the proposed minority stake, particularly in light of the
resources that the Strategic Investors intend to devote to
the Company. The proposed transaction would be subject to
certain closing conditions, including, but not limited to,
the Strategic Investors' completion of its due diligence,
the completion of definitive transaction documents,
relevant regulatory requirements, Linktone's effecting the
resignation of at least three of the current non-executive
directors of and the election by the shareholders of three
directors representing the Strategic Investors. The
Strategic Investors will nominate directors that ensure
that the Company is compliant with the independence
requirements of both NASDAQ and the United States
Securities and Exchange Commission. Furthermore, given
potential concerns regarding CDC as an investor due to
certain potential overlapping businesses, any director
nominated by or affiliated with CDC will be asked to
abstain from consideration, evaluation and approval of any
proposed transactions that may arise between CDC or its
affiliates and Linktone. The Strategic Investors believe
that the addition of three new directors each representing
shareholders with a substantial financial stake in
Linktone's future is the best possible way to ensure a
clear focus on building shareholder value and protecting
minority shareholder interests. No firm response has been
received from the Company.
Speaking on behalf of the Strategic Investors, Maria
Tsui, spokesperson for LCM, stated, "We believe that
Linktone's shareholders would benefit tremendously if the
Board of Directors were to approve our proposed
transaction. We are presenting this proposal in a spirit of
good faith because we firmly believe that it is clearly in
the best interest of shareholders, and would assist the
Company in meeting its goals of building a stronger
business in China. Furthermore, we intend to fully involve
management and make this a team effort to transition back
to profitability and increased value. Lastly, we believe
that the operational expertise that the Strategic Investors
can deliver to the Company will result in an ability to
generate greater returns from Linktone's tangible and
intangible assets for shareholders."
Cautionary Note Regarding Forward-Looking Statements
This press release includes "forward-looking
statements" within the meaning of the United States
Private Securities Litigation Reform Act of 1995, and
includes statements relating to the ability of CDC and LCM,
such as the ability improve efficiencies, improve customer
service, drive cost savings and competitive advantage.
These statements are based on current expectations and are
subject to risks and uncertainties and changes in
circumstances. There are important factors that could cause
actual results to differ materially from those anticipated
in the forward looking statements including, among others:
the conditions of market, the continued ability to develop
solutions, demand for and market acceptance of new and
existing services, development of new functionalities which
would allow companies to compete more effectively. If any
such risks or uncertainties materialize or if any of the
assumptions proves incorrect, our results could differ
materially from the results expressed or implied by the
forward-looking statements we make. Further information on
risks or other factors that could cause results to differ is
detailed in filings or submissions with the United States
Securities and Exchange Commission made by CDC Corporation
in its Annual Report for the year ended December 31, 2006
on Form 20-F filed on July 2, 2007. All
forward-looking statements included in this press release
are based upon information available to management as of
the date of the press release, and you are cautioned not to
place undue reliance on any forward looking statements which
speak only as of the date of this press release. The company
assumes no obligation to update or alter the forward looking
statements whether as a result of new information, future
events or otherwise.
For More Information:
Investor Relations
Monish Bahl
CDC Corporation
Tel: +1-678-259-8510
Email: Monish.bahl@cdcsoftware.com
Media Relations
Maria Tsui
Lunar Capital Management
Tel: +852-3198-0162
Email: mtsui@lunarcap.com
2007'12.07.Fri
Huaneng Power International, Inc. Unit 4 of Yuhuan Power Plant Completed Trial Run
November 26, 2007
BEIJING, Nov. 26 /Xinhua-PRNewswire-FirstCall/ --
Huaneng Power International, Inc. (the "Company")
(NYSE: HNP; HKEx: 902; SSE: 600011) announced that a 1,000MW
ultra-supercritical coal-fired generating unit (Unit 4) at
Huaneng Yuhuan Power Plant completed the 168-hour trial run
on November 24, 2007. To date, the Company's total
generation capacity on an equity basis has increased from
30,747MW to 31,747MW.
Huaneng Power International, Inc. develops, constructs,
operates and manages large-scale power plants in China
nationwide, with a total generation capacity of 31,747MW on
an equity basis and a total controlling generation capacity
of 36,024MW. The Company wholly owns seventeen operating
power plants, and has controlling interests in twelve
operating power companies and minority interests in five
operating power companies. Currently, it is one of the
largest listed power producers in China.
For enquiries, please contact:
Ms. Meng Jing / Ms. Zhao Lin
Huaneng Power International, Inc.
Tel: +86-10-6649-1856 / +86-10-6649-1866
Fax: +86-10-6649-1860
Email: zqb@hpi.com.cn
Ms. Christy Lai / Ms. Patricia Tse
Rikes Communications Limited
Tel: +852-2520-2201
Fax: +852-2520-2241
2007'12.07.Fri
Vitasoy Recorded Healthy Sales Growth for 1H FY2007/2008
November 26, 2007
Attributed to Aggressive Product Innovation and Effective
Marketing Strategy
HONG KONG, Nov. 26 /Xinhua-PRNewswire-FirstCall/ --
Vitasoy International Holdings Limited (VIHL, Vitasoy or
"the Group") (HKEx: 0345), a Hong Kong-based
manufacturer and distributor of non-carbonated beverage and
food, today announced that its turnover for the six months
ended 30 September 2007 grew by 14.2%, to HK$1,514 million.
The Group recorded a profit attributable to shareholders of
HK$105 million, a healthy growth of 5.0% compared to the
same period of the preceding year.
Mr. Winston Yau-lai Lo, Executive Chairman of VIHL
said, "Under an orchestrated campaign of aggressive
product innovation and effective marketing initiatives, the
four operating markets reported satisfactory operating
performance. These efforts have also helped strengthening
the leading position of many of our products in various
markets. During the period, there was remarkable growth in
the Mainland China and Australian markets, while Hong Kong
also reported some solid growth. We achieved our goal of
reducing the North American business operating loss, paving
the way for further improvement. The Group strategically
increased its advertising and promotional expenses in order
to effectively launch new products and substantially
reinforce the brand value of `Vitasoy'. We believe it will
benefit the Group's expansion and brand value in the long
run despite its short-term impact on the growth of
operating profit."
The Group's basic earnings per share were HK10.4 cents,
representing 5.1% growth over the same period of the
preceding year. The Board of Directors has declared an
interim dividend of HK2.8 cents per share (2006/2007
interim: HK2.8 cents per share).
During the interim period, Vitasoy reported an
encouraging growth of 14.8% in gross profit, amounting to
HK$894 million. Despite the general rise in production
costs, the Group's gross profit margin stood at 59.0%,
which is in line with the same period last year.
Hong Kong
In the Hong Kong market, Vitasoy continued its strong
focus on product innovation and brand building, and
recorded a 7.4% growth in domestic sales. The number of
new products launched during the interim period was more
than double the number of new products launched during the
entire previous financial year. New Vitasoy products
include VITASOY SAN SUI Tofu, VITASOY Jasmine Soya Bean
Milk, reformulated VITASOY Chocolate Soya Bean Milk, VITA
Double Chocolate Milk and VITA Less Sweet Lemon Tea. In
addition, very hot weather during this year's summer months
in Hong Kong stimulated healthy growth in all business
segments, especially the on-the-go market. The water
business also showed satisfactory sales growth, which was a
result of effective selling strategy and market
consolidation.
Mr. Lo said, "Our emphasis on building our brand,
expanding our product portfolio, and launching effective
marketing campaigns has strengthened our leading position
in the local beverage market. In the 2nd half of the fiscal
year, we will continue to invest in brand reinforcement and
promotion of our core products and newly launched items.
Despite the challenges brought by increasing raw material
costs and inflationary pressure, we will closely monitor
all developments and adopt appropriate cost management
measures. In addition, we will plan our promotional
strategy carefully, in order to capture opportunities for
effective price increases brought about by the revived
economy and general inflation."
Mainland China
Thanks to the successful strategy of "core
business, core brand and core city", Vitasoy China
maintained strong expansion during the interim period,
reporting a significant sales growth of 68.5% over the same
period last year.
"In spite of intensifying market competition, we
are still able to maintain our leading position in the
soymilk category in the Mainland market by offering premium
products at premium prices. We have also applied our
successful experience in Southern China to the eastern
provinces. These factors, together with greater awareness
of the benefits of soy and the Vitasoy brand among
consumers in our target cities, have resulted in
encouraging growth in our business in Eastern China."
Mr. Lo noted.
Mr. Lo added, "In the second half of the year,
Vitasoy China will increase investment in brand building
and customer education, continue to strengthen and expand
our distribution network, and introduce a range of highly
nutritious soymilk products.
Australia
Vitasoy Australia continued to report outstanding
performance, posting growth of 28.1% in revenue and 15.0%
in operating profit, thanks to the Group's concerted
efforts in promoting existing products to capture a bigger
market share and its robust brand position, along with the
doubled production capacity of its production plant. These
efforts have enabled Vitasoy Australia to pursue a more
aggressive growth and expansion strategy. Vitasoy
successfully launched six new products in September, as
part of the result of its product innovation strategy.
"We note that Australia has entered a period of
slow growth and saw some market players recently cut their
product prices drastically. However, since Vitasoy has a
very strong brand effect and high consumer loyalty, the
management believes that we can maintain our premium
product position and premium retail shelf prices, hoping
that we can beat our competitors and enlarge our market
share," Mr. Lo remarked.
North America
The Group's North American operation has successfully
reduced its operating loss by 41.2%, to HK$10 million, and
recorded a mild growth of 0.5% in sales during the interim
period, after the Group re-adjusted its business strategy
to focus on core products and competencies.
In order to further narrow its operating loss, Vitasoy
USA will implement a three-pronged strategy: the launch of
single-serve shelf-stable soymilk; enhancement of Vitasoy's
leading position in the tofu market, and further development
of the ethnic market.
"Our efforts to improve our financial performance
in North America will be further strengthened by cost
rationalization measures and price revisions on selected
products. In spite of the challenges of the market, we
believe there is opportunity for Vitasoy USA to grow,"
Mr. Lo commented.
Business Outlook
Looking ahead, Mr. Lo said, "We will leverage our
core competencies and focus on areas we excel in, including
product innovation, brand building and cost management, to
drive revenue growth and capture larger market shares,
amidst the challenges brought by intensifying market
competition, inflationary pressure and rising costs of raw
materials. We will also explore new business opportunities
to create greater long-term shareholder value."
Vitasoy International Holdings Limited is one of the
leading manufacturers and distributors of non-carbonated
drinks with a base in Hong Kong. Founded in 1940 and with
production facilities in Hong Kong, Mainland China,
Australia and the United States, Vitasoy currently provides
consumers in 42 markets worldwide with over 1,000 stock
keeping units (SKU). Over the years, Vitasoy has
successfully established a corporate image as "the soy
expert". Vitasoy is a constituent of the Morgan Stanley
Capital International ("MSCI") Hong Kong Small Cap
Index.
For more information, please contact:
Stella Lung, Public Relations Manager
Tel: +852-2468-9644
Fax: +852-2465-1008
Email: pubrel@vitasoy.com
Angela Hui / Paul Sham, Ketchum Hong Kong
Tel: +852-3141-8091 / +852-3141-8068
Fax: +852-2510-8199
Email: angela.hui@knprhk.com / paul.sham@knprhk.com
2007'12.07.Fri
SPICED Card Technology Helps Payment Schemes Protect Interchange Fees
November 26, 2007
SINGAPORE, Nov. 26 /Xinhua-PRNewswire/ -- Welcome
Real-time today released a new card applet, called SPICED,
designed to make payment scheme brands more attractive and
useful to merchants, so that brand acceptance and usage
are encouraged and pressure on interchange fees is reduced.
When a payment brand offers valuable features to
merchants, not offered by other brands, there is a higher
chance that merchants will encourage customers to use that
brand over others, interchange fees are easier to justify,
and the brand becomes more attractive to banks keen on
receiving more interchange.
When a payment scheme is SPICED, merchants can use data
stored inside the cards to deliver targeted messages and
promotional offers at the POS, at very low cost. For
example, a coffee chain can recognize an infrequent
customer that has not been to the chain in over 30 days,
and print an offer at the bottom of the card receipt
encouraging the customer to come back soon. Alternatively,
merchants can avoid giving high value promotions to all
customers by delivering their most valuable coupons after a
certain number of visits or cumulative spending.
"It is difficult and expensive for merchants to
achieve similar results through data mining and direct
marketing, whereas with SPICED, the feature is built into
the payment transaction and the offer is simply printed at
the bottom of the card receipt," said Sebastien
Guillaud, Welcome's CEO. "There is no need for
merchants to operate a separate database, perform
complicated and sensitive integration with bank systems, or
use equipment other than traditional payment terminals.
Merchants simply accept card brands with the SPICED applet
built-in and ask their acquirer to set up the campaigns of
their choice."
About the SPICED card applet
The SPICED card applet supports a variety of promotions
designed to help merchants attract and excite occasional
customers:
-- Competitive Shopper Messages/Coupons. Merchants can
avoid losing
customers to the competition by recognizing
occasional customers
that are probably shopping elsewhere and instantly
offering an
incentive on the next purchase. For example, a
petrol retailer
can recognize an infrequent customer that has not
been to the
chain in over 30 days, and instantly print an offer
encouraging
the customer to come back the next week.
-- Smart Sampling Offers. Merchants can encourage
customers to try
higher margin products and services by giving a
different
surprise sample at each visit.
-- Game Programs. Merchants can avoid the cost and
trouble of
complicated loyalty programmes and build continuity
through
games based on cumulative spending or number of
visits.
SPICED also supports promotions designed to help
merchants reward frequent shoppers:
-- Frequent Shopper Coupons. Merchants can avoid giving
high value
promotions to all customers by delivering their most
valuable
coupons after a certain number of visits or
cumulative spending.
For example, rather than offering a "Buy 1 meal
and get 1 free"
promotion to all customers, a fast food chain can
give the offer
only to customers that have eaten there 3 times in
the last
month, printed at the bottom of the customer's
normal credit or
debit card receipt.
-- VIP Service Vouchers. Merchants can avoid loss of
margins when
offering high value services by identifying their
best customers
and surprising them with VIP treatment.
The SPICED card applet is part of Welcome's XLS payment
technology which is used by banks in 21 countries across the
globe. Banks already using XLS can now upgrade their POS
terminals to accept payment scheme brands equipped with the
SPICED applet, and make their acquiring services even more
valuable to merchants.
About Welcome Real-time
Welcome Real-time ( http://www.welcome-rt.com ) is the
leader in card marketing enhancements that create added
value at the moment of payment. Welcome Real-time adds
value to the traditional payment transaction through an
enhanced payment experience that provides benefits to
cardholders, retailers and financial institutions.
Welcome's technology drives credit and debit card programs
in 21 countries across the globe and has received industry
awards such as the "ROI of the Year Award" by The
Banker magazine (2004) and the "Frost & Sullivan
Industry Innovation & Advancement Leadership
Award" (2006). Welcome Real-time is headquartered in
Aix-en-Provence, France, with offices and R&D
facilities in Singapore, London, Milan, Madrid, Miami,
Shanghai and Sao Paulo.
For more information, please contact:
Wong Wan Ling
Tel: +65-6870-8609
Email: wl.wong@welcome-rt.com
2007'12.07.Fri
Vitasoy Recorded Healthy Sales Growth for 1H FY2007/2008
November 26, 2007
Attributed to Aggressive Product Innovation and
Effective Marketing Strategy
HONG KONG, Nov. 26 /Xinhua-PRNewswire-FirstCall/ --
Vitasoy International Holdings Limited (VIHL, Vitasoy or
"the Group") (HKEx: 0345), a Hong Kong-based
manufacturer and distributor of non-carbonated beverage and
food, today announced that its turnover for the six months
ended 30 September 2007 grew by 14.2%, to HK$1,514 million.
The Group recorded a profit attributable to shareholders of
HK$105 million, a healthy growth of 5.0% compared to the
same period of the preceding year.
Mr. Winston Yau-lai Lo, Executive Chairman of VIHL
said, "Under an orchestrated campaign of aggressive
product innovation and effective marketing initiatives, the
four operating markets reported satisfactory operating
performance. These efforts have also helped strengthening
the leading position of many of our products in various
markets. During the period, there was remarkable growth in
the Mainland China and Australian markets, while Hong Kong
also reported some solid growth. We achieved our goal of
reducing the North American business operating loss, paving
the way for further improvement. The Group strategically
increased its advertising and promotional expenses in order
to effectively launch new products and substantially
reinforce the brand value of ¡¥Vitasoy¡¦. We believe it
will benefit the Group¡¦s expansion and brand value in the
long run despite its short-term impact on the growth of
operating profit."
The Group¡¦s basic earnings per share were HK10.4
cents, representing 5.1% growth over the same period of the
preceding year. The Board of Directors has declared an
interim dividend of HK2.8 cents per share (2006/2007
interim: HK2.8 cents per share).
During the interim period, Vitasoy reported an
encouraging growth of 14.8% in gross profit, amounting to
HK$894 million. Despite the general rise in production
costs, the Group¡¦s gross profit margin stood at 59.0%,
which is in line with the same period last year.
Hong Kong
In the Hong Kong market, Vitasoy continued its strong
focus on product innovation and brand building, and
recorded a 7.4% growth in domestic sales. The number of
new products launched during the interim period was more
than double the number of new products launched during the
entire previous financial year. New Vitasoy products
include VITASOY SAN SUI Tofu, VITASOY Jasmine Soya Bean
Milk, reformulated VITASOY Chocolate Soya Bean Milk, VITA
Double Chocolate Milk and VITA Less Sweet Lemon Tea. In
addition, very hot weather during this year¡¦s summer
months in Hong Kong stimulated healthy growth in all
business segments, especially the on-the-go market. The
water business also showed satisfactory sales growth, which
was a result of effective selling strategy and market
consolidation.
Mr. Lo said, "Our emphasis on building our brand,
expanding our product portfolio, and launching effective
marketing campaigns has strengthened our leading position
in the local beverage market. In the 2nd half of the fiscal
year, we will continue to invest in brand reinforcement and
promotion of our core products and newly launched items.
Despite the challenges brought by increasing raw material
costs and inflationary pressure, we will closely monitor
all developments and adopt appropriate cost management
measures. In addition, we will plan our promotional
strategy carefully, in order to capture opportunities for
effective price increases brought about by the revived
economy and general inflation."
Mainland China
Thanks to the successful strategy of "core
business, core brand and core city", Vitasoy China
maintained strong expansion during the interim period,
reporting a significant sales growth of 68.5% over the same
period last year.
"In spite of intensifying market competition, we
are still able to maintain our leading position in the
soymilk category in the Mainland market by offering premium
products at premium prices. We have also applied our
successful experience in Southern China to the eastern
provinces. These factors, together with greater awareness
of the benefits of soy and the Vitasoy brand among
consumers in our target cities, have resulted in
encouraging growth in our business in Eastern China."
Mr. Lo noted.
Mr. Lo added, "In the second half of the year,
Vitasoy China will increase investment in brand building
and customer education, continue to strengthen and expand
our distribution network, and introduce a range of highly
nutritious soymilk products.
Australia
Vitasoy Australia continued to report outstanding
performance, posting growth of 28.1% in revenue and 15.0%
in operating profit, thanks to the Group¡¦s concerted
efforts in promoting existing products to capture a bigger
market share and its robust brand position, along with the
doubled production capacity of its production plant. These
efforts have enabled Vitasoy Australia to pursue a more
aggressive growth and expansion strategy. Vitasoy
successfully launched six new products in September, as
part of the result of its product innovation strategy.
"We note that Australia has entered a period of
slow growth and saw some market players recently cut their
product prices drastically. However, since Vitasoy has a
very strong brand effect and high consumer loyalty, the
management believes that we can maintain our premium
product position and premium retail shelf prices, hoping
that we can beat our competitors and enlarge our market
share," Mr. Lo remarked.
North America
The Group¡¦s North American operation has successfully
reduced its operating loss by 41.2%, to HK$10 million, and
recorded a mild growth of 0.5% in sales during the interim
period, after the Group re-adjusted its business strategy
to focus on core products and competencies.
In order to further narrow its operating loss, Vitasoy
USA will implement a three-pronged strategy: the launch of
single-serve shelf-stable soymilk; enhancement of
Vitasoy¡¦s leading position in the tofu market, and further
development of the ethnic market.
"Our efforts to improve our financial performance
in North America will be further strengthened by cost
rationalization measures and price revisions on selected
products. In spite of the challenges of the market, we
believe there is opportunity for Vitasoy USA to grow,"
Mr. Lo commented.
Business Outlook
Looking ahead, Mr. Lo said, "We will leverage our
core competencies and focus on areas we excel in, including
product innovation, brand building and cost management, to
drive revenue growth and capture larger market shares,
amidst the challenges brought by intensifying market
competition, inflationary pressure and rising costs of raw
materials. We will also explore new business opportunities
to create greater long-term shareholder value."
Vitasoy International Holdings Limited is one of the
leading manufacturers and distributors of non-carbonated
drinks with a base in Hong Kong. Founded in 1940 and with
production facilities in Hong Kong, Mainland China,
Australia and the United States, Vitasoy currently provides
consumers in 42 markets worldwide with over 1,000 stock
keeping units (SKU). Over the years, Vitasoy has
successfully established a corporate image as "the soy
expert". Vitasoy is a constituent of the Morgan Stanley
Capital International ("MSCI") Hong Kong Small Cap
Index.
For more information, please contact:
Stella Lung, Public Relations Manager
Tel: +852-2468-9644
Fax: +852-2465-1008
Email: pubrel@vitasoy.com
Angela Hui / Paul Sham, Ketchum Hong Kong
Tel: +852-3141-8091 / +852-3141-8068
Fax: +852-2510-8199
Email: angela.hui@knprhk.com / paul.sham@knprhk.com
2007'12.07.Fri
Nordson (China) Co., Ltd. Moves to Zhangjiang Hi-Tech Park
November 26, 2007
SHANGHAI, China, Oct. 26 /Xinhua-PRNewswire/ -- Nordson
(China) Co., Ltd., a wholly-owned subsidiary of the Nordson
Corporation (Nasdaq: NDSN) of Ohio, U.S.A., has moved their
corporate offices to Zhangjiang Hi-Tech Park in Pudong,
Shanghai.
The 8,000 square meter facility will house 190
employees and operate as a Center of Excellence to
demonstrate Nordson capability to customers in the
appliance, automotive, container, nonwovens, electronics,
furniture and wood assembly, life science, packaging,
powder and liquid painting, product assembly, and
semiconductor industries located in both China and the
broader Asia Pacific Region. In addition to office spaces,
the new location will have specialty customer demonstration
labs for each division, an advanced training center that can
hold 200 people, and 10 conference rooms.
According to Bradley C. Davis, Asia Pacific Group Vice
President, "this investment strongly supports our
long-term growth strategies and initiatives in continuing
the rapid expansion and success of our business in the fast
growing and high potential China market. The strength of
our growing and experienced local organization in China,
coupled with the world-class capabilities of this new
facility, allows us to fulfill our commitment to provide
the highest level of sales and aftermarket service support
to our customers in China and the Asia Pacific region,
while also supporting Nordson's Mission: Best commitment
that Nordson will be the best company in every market and
location where we do business."
Nordson China began in 1991 with a two-person Shanghai
Representative Office. Four years later Nordson (China)
Co., Ltd. was established in Pudong.
The new facility will house the Packaging, Product
Assembly, Nonwovens and Core Coating, UV Curing, Industrial
Coatings and Automotive, Asymtek, EFD and March Plasma
Systems businesses of Nordson in China. In addition, the
departments for Finance & Accounting, Human Resources,
Administration, IT, and Logistics for Nordson China will be
located here.
Nordson Corporation is one of the world's leading
producers of precision dispensing equipment that applies
adhesives, sealants and coatings to a broad range of
consumer and industrial products during manufacturing
operations. The company also manufactures equipment used in
the testing and inspection of electronic components as well
as technology-based systems used for curing and surface
treatment processes. Headquartered in Westlake, Ohio,
Nordson has more than 3,900 employees worldwide, and direct
operations and sales support offices in 30 countries.
Contact:
Queenie Fan
Marketing Communications Manager - Asia Pacific Group
Tel: +852-2687-2828
Email: qfan@nordson.com
2007'12.07.Fri
Mumbai Summit to Showcase How Companies Intend to Address the Impending Talent Shortage in Corporate Real Estate
November 26, 2007
Talent Management Proves a Hot Topic Amongst Delegates Due
to Attend the 6th Annual Corenet Global Asia Summit in
Mumbai Next Year
MUMBAI, India, Nov. 26 /Xinhua-PRNewswire/ --
Organizers of the 2008 CoreNet Global Asia Summit today
announced that the decision to focus on ¡¥talent management
in corporate real estate¡¦ as the main theme for its next
conference is generating record interest from
pre-registered conference attendees. The summit is being
held in India on March 3-5, 2008, at the Grand Hyatt
Mumbai.
Now in its sixth year, the CoreNet Global Asia Summit
is expected to convene more than 400 corporate realty
professionals from across the globe to review how the
industry can address this impending talent shortage, and to
explore how developing and retaining corporate real estate
talent can positively impact a company¡¦s success and
growth.
"From the Corporate Real Estate viewpoint, there
is an increasing demand from the business for improved
performance, solutions and results. This is creating
competition within the industry¡¦s already shallow labour
pool for the best talent," comments Mr. Mike Zamora,
CoreNet Global¡¦s Asia Regional Chair.
"Attracting qualified individuals, as well as
developing and retaining the current workforce have
consequently become priorities for today¡¦s Corporate Real
Estate Organizations," he continues. "This
conference is thus designed to discuss strategies for
recruiting the right people, including approaches for
developing your team and holding on to outstanding
employees."
To do so, Mr. Zamora explains that the summit will
offer comprehensive coverage on how companies are
attracting and retaining talented staff via a diverse
conference programme that includes knowledge sharing
workshops and educational tracks, plus the presentation of
case studies and real life perspectives from Corporations,
Real Estate and Human Resource experts.
In keeping with the summit theme, the agenda will also
explore key topics including, "Are staff management
issues different from city to city in Asia, meaning
Singapore and Hong Kong compared to Beijing and
Mumbai?"
Mr. Zamora adds that, "Fifteen years ago to
attract and retain staff, all you had to do is offer money.
Today, employees are also looking for career advancement,
professional development, challenging work, along with
working in a team which promotes this type of environment.
Gone are the days where one person can do everything thus
how people work together as a team is even more
crucial."
Mr. Zamora points out that this is the second time
India has been chosen as the host nation for a CoreNet
Global summit, with Mumbai once again selected given the
spiraling demand from within the local real estate sector
for a stronger, more creative talent base.
"Similar to other locations in Asia, corporations
in India are recognizing that competitive advantage is
becoming increasingly dependent on having a talented
workforce and a corporate culture that enables them to
innovate at a greater rate than the competition,"
expresses Mr. Zamora.
"Subsequently, people are the leading drivers of
economic prosperity," concludes Mr. Zamora.
"Companies therefore not only face the challenge of
building a dedicated team of professionals, they also need
to think about how they can support the creativity,
innovation and needs of the people who work for
them."
Interested parties can register for summit by
contacting Ms. Eleanor Estacio on (1) 404 589 3217 /
eestacio@corenetglobal.org, or Ms. Jennifer Gao on (8621)
6122 1251 / jgao@corenetglobal.org. Alternatively, please
visit http://www.corenetglobal.org for more details.
About CoreNet Global
CoreNet Global is the world¡¦s premier association for
corporate real estate and related professionals.
Headquartered in Atlanta, Georgia, USA, the global learning
organization is the industry thought and opinion leader,
plus the only professional real estate group that convenes
the entire industry.
Today, CoreNet Global¡¦s members manage US $1.2
trillion in worldwide corporate assets of owned and leased
office, industrial and other space. With nearly 7,000
members representing large organizations around the world,
CoreNet Global operates in five global regions: Asia/Japan,
Australia, Europe, Latin American and North America.
For more information, please visit the CoreNet Global
website at http://www.corenetglobal.org .
For more information, please contact:
CoreNet Global
Jennifer Gao
Tel: +86-21-6122-1251
Fax: +86-21-6122-1481
Email: jgao@corenetglobal.org
Facility Media
Janet Middlemiss
Tel: +852-2857-3832/ +852-9195-7829
Fax: +852-2840-1284
Email: jm@facilitymedia.com
2007'12.07.Fri
Greater China¡¦s Digital Still Camera Output Expected to Hit 80 million Units in 2007 -- China Sourcing Report
November 26, 2007
HONG KONG, Nov. 26 /Xinhua-PRNewswire-FirstCall/ --
Mainland China, Hong Kong and Taiwan are expected to
produce over 80 million digital still cameras in 2007 -- up
27 percent year-on-year, according to Global Sources¡¦
(Nasdaq: GSOL) China Sourcing Report: Digital Still Cameras
( http://www.chinasourcingreports.com/digitalstillcameras
).
(Logo: http://www.xprn.com/xprn/sa/200708071747.jpg )
The report shows Greater China accounted for more than
73 percent of global shipments in 2006. It is forecast to
take a greater market share in 2007, as manufacturers gear
up to increase production and exports.
President of Global Sources¡¦ Electronics Business
Unit, Mark A. Saunderson, said: ¡§The global digital still
camera market is highly competitive, both in terms of
quality and price, with consumers very sensitive to both.
¡§Greater China manufacturers are acutely aware of
this, and are increasingly targeting mid- to higher-end
markets with feature-rich products and competitive pricing.
This trend has weeded out many entry-level companies,
leaving a more robust manufacturing base.¡¨
Greater China Manufacturers Expected to Expand
Production Capacity in the Next 12 Months
More than 65 percent of Greater China¡¦s manufacturers
are preparing for an increase in output by expanding
production capacity in the next 12 months, according to the
report. Over half of these companies expect to achieve this
by upgrading existing facilities or investing in new
factories.
Of digital still cameras manufacturers surveyed:
-- 44 percent expect to increase capacity by 20 to 50
percent;
-- 25 percent forecast capacity growth of up to 20
percent; and
-- 31 percent intend to retain current capacity.
The China Sourcing Report also shows these key trends
for digital still camera manufacturers in the months
ahead:
-- mainstream product features include 5 megapixel
resolution, 2.5in TFT
LCDs and slim form factors;
-- manufacturers intend to upgrade their management
systems to shorten
delivery times to export markets; and
-- rising material costs continues to be one of the
main challenges
faced by manufacturers in Greater China.
In-factory Interviews, Detailed Supplier Profiles and
New Digital Still Cameras
The 59-page China Sourcing Report: Digital Still
Cameras provides proprietary market information from
in-person factory visits to 11 manufacturers and interviews
with 5 more suppliers. The surveys, price trends and supply
forecasts aim to help buyers make better-informed
purchasing decisions.
Specialized Global Sources Websites, Trade Magazines
and Trade Shows
China Sourcing Reports (
http://www.chinasourcingreports.com ) are part of Global
Sources¡¦ sourcing and product information services. These
include Global Sources Online (
http://www.globalsources.com ), Global Sources trade
magazines, China Sourcing Fairs (
http://www.chinasourcingfair.com ) and Global Sources
Direct ( http://www.globalsourcesdirect.com ).
China Sourcing Report: Digital Still Cameras is
available at:
http://www.chinasourcingreports.com/digitalstillcameras .
Information about Greater China digital still camera
suppliers and products can be found at
http://www.chinasuppliers.globalsources.com/china-suppliers/Digital-Camera-5.htm
.
(Note: If the URL above wraps to a second line, paste
both lines into the browser.)
About Global Sources
Global Sources is a leading business-to-business (B2B)
media company and a primary facilitator of two-way trade
with Greater China. The core business is facilitating trade
from Greater China to the world, using a wide range of
English-language media. The other key business segment
facilitates trade from the world to Greater China using
Chinese-language media.
The company provides sourcing information to volume
buyers and integrated marketing services to suppliers. It
helps a community of over 647,000 active buyers source more
profitably from complex overseas supply markets. With the
goal of providing the most effective ways possible to
advertise, market and sell, Global Sources enables
suppliers to sell to hard-to-reach buyers in over 230
countries.
The company offers the most extensive range of media
and export marketing services in the industries it serves.
It delivers information on 2 million products and more than
160,000 suppliers annually through 14 online marketplaces,
13 monthly magazines, over 100 sourcing research reports
and nine specialized trade shows which run 22 times a year
across seven cities.
Suppliers receive more than 23 million sales leads
annually from buyers through Global Sources Online
(http://www.globalsources.com) alone.
Global Sources has been facilitating global trade for
36 years. In mainland China it has over 2,000 team members
in 44 locations, and a community of over 1 million
registered online users and magazine readers for
Chinese-language media.
Global Sources Press Contact in Asia:
Camellia So
Tel: +852-2555-5021
Email: cso@globalsources.com
Global Sources Investor Contact in Asia:
Eddie Heng
Tel: +65-6547-2850
Email: eheng@globalsources.com
Global Sources Press Contact in U.S.:
James W.W. Strachan
Tel: +1-480-664-8309
Email: strachan@globalsources.com
Global Sources Investor Contact in U.S.:
Moriah Shilton & Christiane Pelz
Lippert/Heilshorn & Associates, Inc.
Tel: +1-415-433-3777
Email: cpelz@lhai.com
2007'12.07.Fri
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