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Stock Alert On Software Companies Featuring Zamage Digital Art Imaging, Inc. (ZMGD.PK), (BKBO.OB) and (NASDAQ:CRYP).
[July 05, 2010]

Stock Alert On Software Companies Featuring Zamage Digital Art Imaging, Inc. (ZMGD.PK), (BKBO.OB) and (NASDAQ:CRYP).


Stock-PR Reporting FREE Daily Stock Alerts From Stock-PR.com ________________________________________ Zamage Digital Art Imaging, Inc. (ZMGD.PK) subsidiary, EverdowCRM recently signed a contract with ShenZhen Development Bank (SDB).



EverdowCRM will develop, design and deploy their unique customer relations management software system for the ShenZhen Development Bank. This program will help 266 SDB branches across 18 major economic Chinese cities to manage and track their sales and marketing efficiency. SDB has branches in Beijing, Shanghai, Tianjin, Chongqing, Guangzhou, Shenzhen, Hangzhou, Nanjing, Jinan, Dalian, Qingdao, Chengdu, Kunming, Haikou, Zhuhai, Foshan, Ningbo and Wenzhou.

The estimated value of this project is RMB 800,000 (approximately US $117,000). A source close to the company commented, "This contract demonstrates the success of EverdowCRM software on the market. Since SDB is a leader in the banking sector and this relationship could open the floodgates to other financial institutions, or other industry leaders looking for a competitive advantage.


Zamage Digital Art Imaging, Inc. and its subsidiary Everdow Software (Beijing) Inc. (Wing Road Software Co., Ltd.) focus on delivery of high-tech software solutions in business management industry.

Everdow Software Inc. focuses on business-oriented product development, offering its customers professional, Customer Relationship Management (CRM) systems and easy transaction/information management. Everdow Software Inc. provides reliable software solutions and professional service for various industries (banking, education, manufacturing, etc.). The company's core products include Everdow Online Examination System, Everdow Customer Relationship Management System and Award-winning Everdow Bank Risk Monitoring System.

With impeccable expertise in JAVA advanced technology development sector, the company professionals worked for renowned, high-end enterprises, including Chinese Academy of Sciences and Borland China. Everdow Software Inc. operates in Beijing's Zhongguancun, China's Silicone Valley, with branch offices in Shanghai, Guangdong and Hebei. The company offers a range of software business solutions to government, banking, retail and other industries.

BakBone Software (BKBO.OB), a leading provider of storage and data protection software, today announced its financial results for the fourth quarter and full fiscal year of 2010, ended March 31, 2010. Included in the fiscal fourth quarter and full year results was a $12.6 million non-recurring, non-cash charge for the impairment of goodwill, intangible, and other assets related to the Company's ColdSpark division.

With the closing of ColdSpark, we are fully focused on driving our storage management business. During the fourth fiscal quarter, we experienced growing demand for our NetVault® product suite, demonstrated by growth in new customers worldwide," said Steve Martin, senior vice president, Chief Financial Officer and Interim CEO, BakBone. "Our new NetVault: FASTRecover and NetVault: SmartDisk offerings have expanded the breadth of our product line, providing us with additional storage solutions to sell to our customer base. We hit our bookings target with $14.1 million for the quarter, which included approximately $375,000 for the discontinued ColdSpark business.

"We took steps during the quarter to reduce personnel costs in select areas of the company to align the BakBone team to better serve the needs of our channel partners and end user customers," Mr. Martin continued. "The entire organization is now directed at driving revenues of our core backup and storage business and improving profitability from continuing operations." BakBone Software Incorporated provides software-based data protection solutions to government agencies, businesses, and educational institutions worldwide. Its products comprise NetVault Backup that provides data protection for IT environments; NetVault Backup's Application Plugin Modules, which offers online protection capabilities for applications, such as Oracle, Microsoft SQL Server, Microsoft Exchange, MySQL, Lotus Notes, PostgreSQL, DB2, and Informix; NetVault Bare Metal Recovery that automates the recovery of systems and devices to reduce downtime created by unplanned service interruptions; and Virtual Tape Library/Shared Virtual Tape Library that provides enhanced backup and recovery performance.

The company's FastRecover product family delivers real-time data protection to the enterprise and mid-tier computing markets; and Replicator Plugin Modules and Replicator Cluster Support offers continuous and cross-platform data replication for IT environments over standard IP networks. It also offers NetVault Report Manager for Backup, which consolidates information from backup servers to create an integrated data protection and storage management reporting framework; NetVault Report Manager for Disk Space that provides file system reporting for single or multi-server environments from one common interface; and NetVault Report Manager Pro for Exchange, which enables Microsoft Exchange Server to schedule email server scans, create reports, and automate report distribution. In addition, the company provides ColdSpark technology portfolio to manage and control email and messaging environment based upon pre-defined policies. It markets and sells software through storage-focused resellers, distributors, and original equipment manufacturers.

The company was formerly known as Net Resources, Inc. and changed its name to BakBone Software Incorporated in March 2000. BakBone Software Incorporated was founded in 1979 and is headquartered in San Diego, California.

CryptoLogic Limited (NASDAQ:CRYP) is a company focused on integrity and innovation, CryptoLogic Limited is a leading public developer and supplier of Internet gaming software. With more than 300 games, CryptoLogic has one of the most comprehensive casino suites on the Internet, with award-winning games featuring some of the world's most famous action and entertainment characters. The company's licensees include many top Internet gaming brands, including the "big four" international operators. CryptoLogic's leadership in regulatory compliance makes it one of the few companies with gaming software certified to strict standards similar to land-based gaming. WagerLogic® Limited, a wholly-owned subsidiary of CryptoLogic, is responsible for the licensing of gaming software and services to blue-chip customers that offer their games to non-U.S. based players around the world.

Q1 2010 was a difficult quarter as sluggish wagering activity across the licensee base and an anticipated decline in contribution from a key customer transition last year continued to impact revenues.

Operating costs significantly decreased in Q1 and the company expects to benefit from further savings through 2010 as ongoing initiatives to streamline operations and lower overall expenses take effect. Total staff members decreased from 211 to 198 over the quarter.

The company achieved its fifth consecutive quarter of revenue growth from branded casino games licensed by many of the world's leading online gaming operators such as 888.com, Betfair, GalaCoral, and PartyGaming.

CryptoLogic's customer base continued to expand with two new licensees, Bet24 and Betsson, signed in the quarter. In addition, the company also built upon its 10-year relationship with William Hill with a multi-year licensing deal for at least 10 of its branded casino games, nine of which were launched by the end of Q1.

A major rebranding and relaunch of the new virtual casino lobby, announced in Q4, was completed in March 2010, albeit after some delay in new software implementation. This rebranding and relaunch is the first such major investment by a major licensee in many years and is aimed at driving long term growth. The new gaming platform provides an opportunity for an expanded range of payment and e-cash options to enable flexible registration and faster customer acquisition than ever before. It will also help to gather additional data to enhance direct marketing and promotional activity.

In addition, the company also participated in a high profile Press and TV advertising and marketing campaign with a key customer, InterCasino, which provides new registered players with the opportunity to win a free trip to space. Early results from the campaign have been encouraging and it is expected to yield incremental benefits over the coming months.

CryptoLogic is also preparing to launch its fully hosted casino suite for Betsafe.com in the second quarter of 2010 under a multi-year licensing deal signed last year. Betsafe is a leading online gaming operator with a growing customer base of over 250,000 players.

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