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Get In The Game!!! (FORC) Force Energy Corp. Announces $5 Million Equity Financing!!!!
(M2 PressWIRE Via Acquire Media NewsEdge) STOCK MARKETING INC PRESENTS :
(OTCBB: FORC) Force Energy Corp.
(NASDAQ: CHTT) Chattem, Inc.
(NASDAQ: CKSW) ClickSoftware Technologies Ltd.
(NASDAQ: CLDN) Celadon Group, Inc.
(NASDAQ: CLWR) Clearwire Corp.
(NASDAQ: CNMD) CONMED Corp.
www.StockMarketingInc.com
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Email us!! info@StockMarketingInc.com OR CALL 1-866-583-8960
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(OTCBB: FORC) Force Energy Corp.
BREAKING NEWS!!
Force Energy Corp. Announces $5 Million Equity Financing
DENVER, COLORADO, Oct 7, 2009 -- Force Energy Corp. (OTCBB:FORC)(FRANKFURT:FC2) (hereafter "Force", "the Company"), is pleased to announce that the company has entered into a financing agreement with Banque SCS Alliance, whereby the Swiss based banking group will invest up to $5 million into Force Energy Corp.
The financing agreement is equity based and market condition dependent. The agreement may be receded by either party with 30 days notice. Funds will be used to advance drilling activities on the Diamond Springs Prospect as well as for general working capital and investment purposes. Force Energy has secured only traditional equity financing.
"We are pleased to have Bank SCS Alliance in our corner." Said Rahim Rayani, President & CEO of Force Energy Corp. "This financing agreement will allow the Company to execute on our plans to explore and develop the Diamond Springs Prospect."
The securities offered have not been registered under the Securities Act of 1933 and may not be offered or sold in the United States absent a registration or an applicable exemption from the registration requirements.
About Force Energy Corp.
Force Energy Corp. is an Oil & Gas Exploration and Development Company based in Denver, CO with a focus on Wyoming. Using a geology-based methodology, the US Geological Survey estimate a mean of 2.4 trillion cubic feet of undiscovered natural gas and a mean of 41 million barrels of undiscovered oil in the Wind River Basin Province of Wyoming. Force Energy Corp. has acquired 75% working interest in the Diamond Springs Prospect located within this prolific area. The Company's shares are publicly traded on the OTCBB under the ticker symbol FORC.
On behalf of the Board of Directors
FORCE ENERGY CORP.
Legal Notice Regarding Forward-Looking Statements
Legal Notice Regarding Forward-Looking Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined, and assumptions of management. Forward looking statements are generally, but not always, identified by the words "expects", "plans", "anticipates", "has", "believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective", "prospective", and similar expressions or that events or conditions "will", "would", "may", "can", "could" or "should" occur. Information concerning oil or natural gas reserve estimates may also be deemed to be forward looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed.
Actual results may differ materially from those currently anticipated due to a number of factors beyond the reasonable control of the Company. It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include misinterpretation of data, inaccurate estimates of oil and natural gas reserves, the uncertainty of the requirements demanded by environmental agencies, the Company's ability to raise financing for operations, breach by parties with whom we have contracted, inability to maintain qualified employees or consultants because of compensation or other issues, competition for equipment, inability to obtain drilling permits, potential delays or obstacles in drilling operations and interpreting data, the likelihood that no commercial quantities of oil or gas are found or recoverable, and our ability to participate in the exploration of, and successful completion of development programs on all aforementioned prospects and leases. Additional information on risks for the Company can be found in filings on Edgar of other junior oil and gas exploration companies with the US Securities and Exchange Commission.
SOURCE: Force Energy Corp.
CONTACT: Investor Relations Force Energy Corp.
Rahim Rayani, President & CEO 1-866-953-FORC (3672) ir@forceenergycorp.com www.forceenergycorp.com
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(NASDAQ: CHTT) Chattem, Inc.
BREAKING NEWS!!
Chattem Reports Increased Revenues and Earnings; Affirms Fiscal 2009 Guidance
CHATTANOOGA, Tenn., Oct 06, 2009 -- Chattem, Inc. (NASDAQ: CHTT), a leading marketer and manufacturer of branded consumer products, today announced financial results for the nine months and third fiscal quarter ended August 31, 2009.
"The strength of Gold Bond(R), ACT(R), Icy Hot(R) and Cortizone-10(R) and the successes of our 2009 new product launches for these brands produced another period of strong earnings and operating results. Our earnings and cash flow growth has allowed us to increase our cash reserves and manage our capital structure by reducing debt and repurchasing approximately 491,000 shares of our common stock in the first nine months of fiscal 2009. The Company's domestic business, representing 95% of our total revenues, achieved growth of 3.9% and 3.5% over the year ago nine and three month periods, respectively, when excluding the discontinued Icy Hot Heat Therapy product from the first quarter of fiscal 2008," stated Zan Guerry, Chairman and Chief Executive Officer of Chattem.
FIRST NINE MONTHS FINANCIAL RESULTS
Total revenues for the first nine months of fiscal 2009 were $353.1 million, compared to total revenues of $349.4 million in the prior year period, representing a 1.1% increase. Total domestic revenues, excluding $1.9 million of sales of Icy Hot Heat Therapy, which was recalled in the first quarter of fiscal 2008, increased $12.6 million, or 3.9%, in the first nine months of fiscal 2009 to $335.6 million, as compared to $323.0 million in the prior year period. The increase in domestic revenues was led by sales of Gold Bond, ACT, Icy Hot and Cortizone-10. Offsetting these increases were lower revenues from certain smaller brands and an $8.5 million, or 51%, increase in promotional programs recorded as a reduction of revenue rather than as advertising and promotion expense in our consolidated statement of income during the nine months ended August 31, 2009 as compared to the same year ago period. Revenues of our international division decreased by $7.0 million, or 29%, in the first nine months of fiscal 2009, resulting from our change in distributors in Latin America, general sales weakness in our European markets due to the weak economy and an adverse foreign exchange rate impact. On a constant currency basis, international revenues for the first nine months of fiscal 2009 decreased $4.6 million, or 19%, compared to the prior year period.
Net income in the first nine months of fiscal 2009 was $67.2 million, compared to $49.6 million in the prior year period, and earnings per share were $3.48, compared to $2.56 in the prior year period. Net income in the first nine months of fiscal 2009 included a loss on early extinguishment of debt and employee stock option expenses under SFAS 123R. Net income in the first nine months of fiscal 2008 included a loss on early extinguishment of debt, employee stock option expenses under SFAS 123R, non-recurring expenses related to the voluntary recall of Icy Hot Heat Therapy and a settlement related to claims alleging injury as a result of ingestion of Dexatrim(R) products in 1998 through 2003. As adjusted to exclude these items, net income in the first nine months of fiscal 2009 was $71.5 million, compared to $63.8 million in the prior year period, and earnings per share were $3.70, compared to $3.29 in the prior year period, an increase of 12% for both net income and earnings per share, as compared to the prior year period.
THIRD QUARTER FINANCIAL RESULTS
Total revenues for the third quarter of fiscal 2009 were $115.2 million compared to total revenues of $111.9 million in the prior year quarter, representing a 2.9% increase. Total domestic revenues increased $3.6 million, or 3.5%, in the third quarter of fiscal 2009 to $108.6 million, as compared to $105.0 million in the prior year period. The increase in domestic revenues was led by sales of Gold Bond, ACT, Icy Hot and Cortizone-10. Partially offsetting these increases were decreased sales of certain smaller brands and a $1.8 million, or 30%, increase in promotional programs recorded as a reduction of revenue rather than as advertising and promotion expense in our consolidated statement of income during the quarter ended August 31, 2009 as compared to the same year ago period. Revenues of our international division decreased by $0.4 million, or 5.6%, in the third quarter of fiscal 2009 resulting from our change in distributors in Latin America, general sales weakness in our European markets due to the weak economy and an adverse foreign exchange rate impact. On a constant currency basis, international revenues for the third quarter of fiscal 2009 increased $0.2 million, or 3%, compared to the prior year period.
Net income in the third quarter of fiscal 2009 was $23.4 million compared to net income of $14.0 million in the prior year quarter. Earnings per share in the third quarter of fiscal 2009 were $1.22 compared to $0.73 in the prior year quarter. Net income in the third quarter of fiscal 2009 included a loss on early extinguishment of debt and employee stock option expenses under SFAS 123R. Net income in the third quarter of fiscal 2008 included employee stock option expenses under SFAS 123R, a non-recurring adjustment related to the voluntary recall of Icy Hot Heat Therapy products and a settlement related to claims alleging injury as a result of ingestion of Dexatrim products in 1998 through 2003. As adjusted to exclude these items, net income in the third quarter of fiscal 2009 was $25.0 million, or $1.31 per share, compared to $22.3 million, or $1.17 per share, in the prior year quarter, reflecting increases of 12% for both net income and earnings per share, as compared to the prior year quarter.
KEY FINANCIAL HIGHLIGHTS
-- Alterations in the strategy for trade promotions by our retail customers has resulted in greater utilization of price promotion programs in fiscal 2009 as compared to fiscal 2008 (an increase of $8.5 million for the first nine months of fiscal 2009 as compared to the same period in 2008). The cost of these price promotion programs is reflected as a reduction of our total revenues and not as a component of advertising and promotion expense (A&P). The utilization by retailers of more price promotion programs and the resulting impact on our reported total revenues for fiscal 2009 also arithmetically reduces our gross margin, decreases our reported A&P and the ratio of A&P as a percentage of total revenues and increases the ratio of selling, general and administrative expense as a percentage of total revenues.
-- Gross margin for the first nine months of fiscal 2009 was 69.7%, compared to 71.6% for the prior year period. For the third quarter of fiscal 2009, gross margin was 69.8%, compared to 71.6% in the prior year quarter. These gross margin decreases resulted in part from higher input costs for certain product components in fiscal 2009 as compared to the same year ago periods, offset in part by consistent, and in some cases slightly lower, costs realized on certain other input components.
-- Advertising and promotion expense (A&P) for the first nine months of fiscal 2009 decreased to $78.4 million or 22.2% as a percentage of total revenues, from $91.5 million, or 26.2% as a percentage of total revenues in the prior year period. For the third quarter of fiscal 2009, A&P decreased to $22.9 million, or 19.8% as a percentage of total revenues, as compared to 23.9% in the prior year quarter. We have continued to support the new product launches for fiscal 2009, which are principally from the Gold Bond, ACT, Icy Hot, Cortizone-10 and Selsun Blue(R) franchises, with strong A&P support to drive consumer trial of the new products and continued growth of the base business.
-- Selling, general and administrative expenses (SG&A) for the first nine months of fiscal 2009 decreased to $45.0 million or 12.8% as a percentage of total revenues, from $45.7 million, or 13.0% as a percentage of total revenues for the first nine months of fiscal 2008. SG&A as a percentage of total revenues for the third quarter of fiscal 2009 decreased to 13.3% as compared to 13.4% in the prior year quarter.
-- Earnings before interest, taxes, depreciation and amortization (EBITDA) was $132.0 million, or 37.4% of total revenues, for the first nine months of fiscal 2009. EBITDA in fiscal 2009 was up 8.4%, compared to EBITDA, excluding litigation settlement costs and one-time product recall expenses, of $121.7 million, or 34.8% of total revenues, for the first nine months of fiscal 2008. EBITDA was $45.7 million, or 39.6% of total revenues, for the third quarter of fiscal 2009, up 10.0%, as compared to EBITDA, excluding litigation settlement costs and one-time product recall expenses, of $41.5 million, or 37.1% of total revenues, for the prior year quarter.
-- For the first nine months of fiscal 2009, cash flow from operations increased to $83.9 million, compared to $77.3 million in the year ago period. Free cash flow, defined as cash flow from operations less capital expenditures, was $80.3 million, compared to $73.7 million in the year ago period. Our total debt was reduced during the first nine months of fiscal 2009 by $59.6 million to $399.9 million as a result of the repayment of $21.8 million of senior bank debt, the issuance of 487,123 shares of our common stock on December 4, 2008 in exchange for $28.7 million of our 2% Convertible Senior Notes due 2013 and the repurchase of $9.1 million of our 7.0% Senior Subordinated Notes (7% Notes) in the third quarter of fiscal 2009 at prices approximately equal to the par value of the 7% Notes. Subsequent to August 31, 2009, we have repurchased an additional $7.0 million of the 7% Notes at a premium to par value of 1.5%. As of the date of this release, no amounts are outstanding under our $100.0 million revolving line-of-credit.
-- Effective September 30, 2009, we entered into an amendment to the credit agreement that governs our revolving line-of-credit and senior secured bank term loan to, among other things, extend the maturity date of the revolving line-of-credit portion to January 2013 and increase our flexibility to repurchase shares of our common stock and the 7% Notes. In connection with the amendment to our credit agreement our Board of Directors increased the authorization under our stock repurchase program to repurchase shares of our common stock to a total of $100.0 million.
-- In the first nine months of fiscal 2009, we repurchased 491,392 shares of our common stock for approximately $26.1 million, or an average cost of $53.13 per share.
FISCAL 2009 GUIDANCE
We currently expect earnings per share in fiscal 2009 to be in the range of $4.80 - $4.90, excluding non-cash employee stock option expense under SFAS 123R of $0.26 per share, any loss on debt extinguishment, which was $0.04 per share for the first nine months of fiscal 2009, and any non-cash brand asset value impairment charge.
NON-GAAP FINANCIAL MEASURES
In addition to presenting financial results in accordance with accounting principles generally accepted in the United States, or U.S. GAAP, this earnings release also presents certain non-GAAP financial measures, including adjusted net income, adjusted earnings per share, EBITDA, EBITDA excluding one-time product recall expenses and free cash flow. A reconciliation of adjusted net income, EBITDA and EBITDA excluding one-time product recall expenses to net income reported in accordance with U.S. GAAP for the first nine months and third fiscal quarter of fiscal 2009 and fiscal 2008 is provided in the unaudited consolidated statements of income attached hereto. As discussed in this release, the Company defines free cash flow as cash flows from operations less capital expenditures. A reconciliation of free cash flow to cash flows from operations reported in accordance with U.S. GAAP is presented in the unaudited financial statements attached hereto. Chattem believes these non-GAAP financial measures provide both management and investors with additional insight into the Company's operational strength and ongoing operating performance. These non-GAAP financial measures should be considered in conjunction with, but not as a substitute for, the financial information presented in accordance with U.S. GAAP. See the accompanying Form 8-K under which this earnings financial release is furnished to the Securities and Exchange Commission for further discussion of the utility of these non-GAAP measures and the purposes for which they are used by management.
FORWARD LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of the federal securities laws. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. Forward-looking statements include statements preceded by, followed by or that include the words, "believes," "expects," "anticipates," "plans," "estimates" or similar expressions. Examples of forward-looking statements in this press release include the estimated stock option expense under SFAS 123R for fiscal 2009 and the fiscal 2009 earnings per share guidance. Forward-looking statements are only predictions and are not guarantees of performance. These statements are based on beliefs and assumptions of management, which in turn are based on currently available information. The forward-looking statements also involve risks and uncertainties, which could cause actual results to differ materially from those contained in any forward-looking statement. Many of these factors are beyond our ability to control or predict. Important factors that could cause actual results to differ materially from those contained in any forward-looking statement include, but are not limited to, the risk factors disclosed in our Annual Report on Form 10-K for the year ended November 30, 2008, as added or revised by our subsequent Quarterly Reports on Form 10-Q, under the caption "Risk Factors." We believe these forward-looking statements are reasonable; however, undue reliance should not be placed on any forward-looking statements, which are based on current expectations. Further, forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly any of these in light of new information or future events.
WEBCAST
Chattem will provide an online Web simulcast and rebroadcast of its third fiscal quarter conference call. The live broadcast of the call will be available online at www.chattem.com and www.streetevents.com today, October 6, 2009, beginning at 8:30 a.m. ET. The online replay will follow shortly after the call and be available through October 13, 2009. Please note that the webcast requires Windows Media Player. For additional information please contact Robert Long, Vice President and Chief Financial Officer, at 423-822-4450.
About Chattem
Chattem, Inc. is a leading marketer and manufacturer of a broad portfolio of branded OTC healthcare products, toiletries and dietary supplements. The Company's products target niche market segments and are among the market leaders in their respective categories across food, drug and mass merchandisers. The Company's portfolio of products includes well-recognized brands such as Icy Hot, Gold Bond, Selsun Blue, ACT, Cortizone-10 and Unisom(R). Chattem conducts a portion of its global business through subsidiaries in the United Kingdom, Ireland and Canada. For more information, please visit the Company's website: www.chattem.com.
( Table Removed)
Statements in this press release which are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks, uncertainties and assumptions that could cause actual outcomes and results to differ materially from those expressed or projected.
(Table Removed)
SOURCE: Chattem, Inc.
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(NASDAQ: CKSW) ClickSoftware Technologies Ltd.
BREAKING NEWS!!
ClickSoftware's Third Quarter 2009 Earnings Release and Conference Call Scheduled for October 21, 2009
BURLINGTON, Massachusetts, October 6, 2009 -- ClickSoftware Technologies Ltd. (NasdaqGS: CKSW), the leading provider of workforce management and service optimization solutions, today announced that it will release its third quarter 2009 financial results on Wednesday, October 21, 2009 during pre-market hours.
The release will be followed by a conference call available to all interested parties beginning at 9:30 a.m. ET. This call can be accessed via:
Telephone: Dial 1-877-941-4775 at approximately 10 minutes prior to the conference start time (international callers should dial +1-480-629-9761) and ask for the ClickSoftware Technologies Ltd. conference call / conference ID 4169395.
Replay: A replay of the call will be available beginning at approximately 12:30 p.m. ET on October 21, 2009 until 11:59 p.m. ET on October 28, 2009. To listen to the replay, please dial 1-800-406-7325 (international callers should dial +1-303-590-3030) and enter the Pin Number 4169395.
Webcast: This call will be available live (and archived) on the internet and can be accessed at ClickSoftware's web site at http://www.clicksoftware.com.
Please allow 15 minutes prior to the call to visit this site to download and install any necessary audio software.
About ClickSoftware
ClickSoftware is the leading provider of workforce management and service optimization solutions that create business value for service operations through higher levels of productivity, customer satisfaction and cost effectiveness. Combining educational, implementation and support services with best practices and its industry leading solutions, ClickSoftware drives service decision making across all levels of the organization. From proactive customer demand forecasting and capacity planning to real-time decision-making, incorporating scheduling, mobility and location based services, ClickSoftware helps service organizations get the most out of their resources. With over 130 customers across a variety of industries and geographies, and strong partnerships with leading platform and system integration partners - ClickSoftware is uniquely positioned to deliver superb business performance to any organization. The company is headquartered in Burlington, MA and Israel, with offices in Europe, and Asia Pacific.
For more information about ClickSoftware, please call +1-781-272-5903 or +1-888-438-3308, or visit http://www.clicksoftware.com.
Contacts:
Noa Schuman Investor Relations +972-3-765-9467 Noa.Schuman@clicksoftware.com
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(NASDAQ: CLDN) Celadon Group, Inc.
BREAKING NEWS!!
Celadon Wins U.S. EPA SmartWay Environmental Excellence Award for Second Straight Year
INDIANAPOLIS, Oct 06, 2009 -- Celadon Trucking Services, Inc., a wholly-owned subsidiary of Celadon Group, Inc. (NASDAQ:CLDN) today received the Environmental Excellence Award from the U.S. Environmental Protection Agency's SmartWay Transport Partnership Program for its outstanding environmental performance during calendar year 2008. One of only 37 companies and organizations selected from among the Partnerships' more than 2,100 participants, Celadon received this prestigious award for the second straight year.
Presented at the American Trucking Associations' Management Conference and Exhibit in Las Vegas, the Excellence Award honors SmartWay Partners and affiliates who have made outstanding contributions to reducing climate change emissions and other air pollutants. Since joining the program in 2005, Celadon has made significant investments to improve fleet fuel efficiency and reduce air emissions resulting in a 25 percent increase in fleet fuel efficiency, and reductions in emissions of carbon dioxide (CO2), oxides of nitrogen (NOx), and particulate matter (PM) of 20 percent, 87 percent, and 91 percent, respectively.
"We believe our partnership with SmartWay has achieved meaningful improvements in our environmental performance coupled with significant operating cost reductions," said Celadon Chairman and Chief Executive Officer Steve Russell. "Our SmartWay achievements demonstrate that companies can lower their fuel use, save money and help the environment."
Celadon operates a fleet of approximately 2,900 heavy-duty, Class 8 tractors and 10,000 trailers. Its SmartWay initiatives include the following equipment changes:
-- Installation of auxiliary heaters on all new tractors purchased since July 2007, thus eliminating a driver's need to idle during cold weather;
-- Installation of ambient air temperature sensors on all new tractors purchased since July 2007, thus restricting a driver's ability to idle between ambient temperatures of 20-70 degrees F;
-- Tire upgrades on all tractors and trailers with the most fuel efficient tires commercially available;
-- Acceleration of new tractor purchases to replace all company-owned tractors with SmartWay-certified tractors equipped with engines compliant to the 2007 U.S. EPA Diesel Engine Emissions Specifications;
-- Recalibration of engines on newly purchased tractors to produce less than 30 grams of NOx at an idle;
-- Reduction of tractor weights by removing hood insulation, converting battery boxes from steel to aluminum, converting hubs from steel to aluminum, and reducing fuel tank capacities from 150 gallons to 125 gallons; and
-- Addition of equipment controls to reduce the maximum road speed of the entire company-owned fleet.
For a complete listing of Celadon's SmartWay initiatives visit: https://www.celadontrucking.com/Smartway.
"EPA is pleased to recognize these SmartWay Partners with a 2009 Excellence Award. I commend Celadon for its leadership in promoting sustainable transportation practices through the SmartWay Transport Partnership," said Margo T. Oge, Director of the Office of Transportation and Air Quality, EPA. "These actions demonstrate a commitment to a cleaner environment and more secure energy supply."
SmartWay was introduced by EPA and a select group of fifteen shipping and business leaders in 2004 as an innovative, market-based partnership to reduce fuel use, greenhouse gas emissions, and air pollutants from the freight sector. Today, more than 2,200 businesses and organizations have joined the Partnership, including companies of all sizes, from Fortune 500 companies to family-owned businesses, each working to improve their environmental performance.
Together, through the SmartWay Partnership, these companies, including Celadon will eliminate six million tons of carbon dioxide that contribute to global warming, and save more than 540 million gallons of diesel fuel -- an economic savings of at least $2 billion a year.
For more information about SmartWay visit: www.epa.gov/smartway or call (734) 214-4767.
Celadon Group, Inc. (www.celadongroup.com), through its subsidiaries, primarily provides long-haul, full-truckload freight service across the United States, Canada and Mexico. The company also owns Celadon Logistics Services, which provides freight brokerage; Celadon Dedicated Services, which provides supply chain management solutions, such as warehousing and dedicated fleet services; and TruckersB2B (www.truckersb2b.com) which provides cost savings to member fleets.
SOURCE: Celadon Group, Inc.
CONTACT:
Celadon Group, Inc. Jeryl Desjarlais, 317-972-7070 Communications Manager jdesjarlais@celadongroup.com
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(NASDAQ: CLWR) Clearwire Corp.
BREAKING NEWS!!
Clearwire International Names Infrastructure Providers for WiMAX Deployments in Spain
Alvarion, ZTE to Supply Equipment for Commercial 4G WiMAX Launch
KIRKLAND, Wash., Oct 06, 2009 -- Clearwire International, LLC, a holding entity of Clearwire Corporation (NASDAQ:CLWR), has named global telecommunications equipment leaders Alvarion and ZTE as network infrastructure suppliers in support of the company's planned launch of commercial 4G WiMAX service in Spain in 2010.
Clearwire will sell 4G WiMAX services in selected cities, using 3.5 GHz network spectrum, under the same CLEAR brand it is rolling out in the U.S.
Alvarion will supply network infrastructure equipment to support the launch of 4G WiMAX service in Malaga scheduled for 2010. ZTE will supply network infrastructure equipment for the 4G WiMAX launch in Seville scheduled for 2010.
"We believe WiMAX affords Clearwire an unprecedented time-to-market advantage in meeting the pent up demand for wireless broadband services in Europe," said Barry West, President of Clearwire International. "Further, this deployment will serve to demonstrate the viability of 3.5 GHz spectrum for advanced wireless services and add Alvarion and ZTE to the already robust WiMAX infrastructure ecosystem."
A CLEAR Difference
The CLEAR customer experience is similar to that provided by Wi-Fi, but without the short range limitations of a traditional Internet hot spot. CLEAR uses a wireless 4G technology that differs from Wi-Fi called WiMAX, which provides service areas measured in miles, not feet.
About Clearwire
Clearwire International, LLC, a holding entity of Clearwire Corporation (NASDAQ:CLWR), offers a robust suite of advanced high-speed Internet services to consumers and businesses. As part of a multi-year network build-out plan, Clearwire's 4G service, called CLEAR(TM), will be available in major metropolitan areas across the U.S., and bring together an unprecedented combination of speed and mobility. Clearwire's open all-IP network, combined with significant spectrum holdings, provides unmatched network capacity to deliver next-generation broadband access. Strategic investors include Intel, Comcast, Sprint, Google, Time Warner Cable, and Bright House Networks. Clearwire currently provides 4G service, utilizing WiMAX technology, in 16 markets and provides pre-WiMAX communications services in 40 markets across the U.S. and Europe. Headquartered in Kirkland, Wash., additional information about Clearwire is available at www.clearwire.com.
About Alvarion
Alvarion (NASDAQ:ALVR) is the largest WiMAX pure-player with the most extensive WiMAX customer base and over 250 commercial deployments around the globe. Committed to growing the WiMAX market, the company offers solutions for a wide range of frequency bands supporting a variety of business cases. Through its OPEN WiMAX strategy, superior IP and OFDMA know-how, and ability to deploy end-to-end turnkey WiMAX projects, Alvarion is shaping the new wireless broadband experience (www.alvarion.com).
About ZTE ZTE is a leading global provider of telecommunications equipment and network solutions. It has the widest and most complete product range in the world -- covering virtually every sector of the wireline, wireless, service and terminals markets. The company delivers innovative, custom-made products and services to over 500 operators in more than 140 countries, helping them to achieve continued revenue growth and to shape the future of the world's communications. ZTE commits around 10% of its annual turnover to research and development and takes a leading role in a wide range of international bodies developing emerging telecoms standards. ZTE leads China's 3G industry with about 30% share of the total 3G-equipment market in 2008. A company with sound corporate social responsibility (CSR) initiatives, ZTE is a member of the UN Global Compact that strictly adheres to the Ten Principles of the Global Compact in developing and carrying out CSR programs. ZTE is China's only listed telecoms manufacturer, with shares publicly traded on both the Hong Kong and Shenzhen Stock Exchanges (H share stock code: 0763.HK / A share stock code: 000063.SZ). For more information, please visit www.zte.com.cn
Cautionary Statement Regarding Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the securities laws. The statements in this release regarding plans for the development and deployment of the first nationwide next-generation wireless broadband network based on mobile WiMAX technology; the timing, availability, capabilities and coverage of our network, including market launch plans; products and services to be offered on our network; planned marketing and branding efforts and other statements that are not historical facts are forward-looking statements. The words "will," "would," "may," "should," "estimate," "project," "forecast," "intend," "expect," "believe," "target," "designed," "plan" and similar expressions are intended to identify forward-looking statements. Forward-looking statements are projections reflecting management's judgment and assumptions based on currently available information and involve a number of risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements. Future performance cannot be assured. Actual results may differ materially from those in the forward-looking statements due to a variety of factors, including, but not limited to, the risks referenced in the section of Clearwire's Quarterly Report on Form 10-Q entitled "Risk Factors," filed August 13, 2009. Clearwire believes the forward-looking statements in this release are reasonable; however, you should not place undue reliance on forward-looking statements, which are based on current expectations and speak only as of the date of this release. Clearwire is not obligated to publicly release any revisions to forward-looking statements to reflect events after the date of this release.
SOURCE: Clearwire International, LLC
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(NASDAQ: CNMD) CONMED Corp.
BREAKING NEWS!!
CONMED Corporation to Announce Third Quarter 2009 Financial Results on October 22, 2009
UTICA, NY, Oct 06, 2009 -- CONMED Corporation (NASDAQ: CNMD) announced today that it expects to report third quarter 2009 financial results before the market opens on Thursday, October 22, 2009, and will also hold a conference call live over the Internet at 10:00 a.m. Eastern Time that same day. This webcast can be accessed from CONMED's web site at www.conmed.com. Replays of the call will be made available through October 29, 2009.
The Company anticipates that forward-looking information and additional material details related to third quarter 2009 earnings and the Company's expectations on a prospective basis may be discussed during the call. Such forward-looking information may involve risks and uncertainties such as those described in the Company's SEC filings.
CONMED is a medical technology company with an emphasis on surgical devices and equipment for minimally invasive procedures and monitoring. The Company's products serve the clinical areas of sports medicine-arthroscopy, powered surgical instruments, electrosurgery, cardiac monitoring disposables, endosurgery and endoscopic technologies. Surgeons and physicians in a variety of specialties including orthopedics, general surgery, gynecology, neurosurgery, and gastroenterology use our medical devices. Headquartered in Utica, New York, the Company's 3,200 employees distribute its products worldwide from several manufacturing locations.
CONTACT: CONMED Corporation Robert Shallish Chief Financial Officer 315-624-3206
FD Brian Ritchie 212-850-5600
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