TMCnet News
InvestSource, Inc.: Patent Infringement Lawsuit Settlement Announced by SmarTire(M2 PressWIRE Via Acquire Media NewsEdge) RDATE:08092008 Stocks in the news: SmarTire Systems Inc. (OTC Bulletin Board: SMTR), WGL Entertainment Holdings, Inc. (Other OTC:WEHI.PK), Zcom Networks, Inc. (Other OTC:ZCMN.PK), Double-Take Software (NASDAQ: DBTK), Aladdin Knowledge Systems Ltd. (ALDN) September 4, 2008 -- SmarTire Systems Inc. (OTC Bulletin Board: SMTR) announced today that it has settled its patent infringement lawsuit against Schrader-Bridgeport International Inc. and Schrader Electronics Ltd. ("Schrader") that was pending in the United States District Court for the Eastern District of Virginia. The terms of the August 21, 2008 Settlement and License Agreement between SmarTire and Schrader are confidential. However, in a Stipulated Judgment that was entered by the court on August 26, 2008, Schrader has acknowledged the validity and enforceability of Smartire's United States Patent No. 5,231,872. Dave Warkentin, President of SmarTire, said, "We are very pleased with both the financial and non-financial aspects of this settlement and regard it as a positive conclusion to the action undertaken just over a year ago. This should positively impact our business as we continue to vigorously defend our intellectual property rights." September 4, 2008 - WGL Entertainment Holdings, Inc. (Other OTC:WEHI.PK) announced today that it has closed a broadcast license agreement with Zcom Networks, Inc. (Other OTC:ZCMN.PK) which will result in WGL receiving 15,000,000 shares of common stock of that company, which management will in turn distribute to all WGL Entertainment Holdings shareholders in the form of a dividend. Shares will be distributed on a pro rata basis; each WEHI shareholder of record as of the close of business on October 1, 2008 will receive approximately one share of ZCMN for every 500 shares of WEHI owned. Zcom Networks (Zcom) targets early opportunity companies in Telecom, Media, and Technology that have potential to grow rapidly; limiting the risk associated with early stage start-ups. Opportunities may be enhanced through the identification, development and deployment of VOIP, IP and/or new technology paradigm shifts. WGL Entertainment Holdings, Inc. (WGL) has signed a Broadcast License Agreement with Zcom, giving it non-exclusive broadcast rights to all WGL content, including the WGL Million Dollar Shootout. This content will be broadcast across Zcom's multi-media subsidiaries, including satellite broadcast transmission and across Zcom online content portals via its subsidiaries including Big Media USA (www.bigmediausa.com). In addition to the broadcast license agreement, WGL will work closely with Zcom Networks' CEO, Alex Parsinia, Ph.D., who will assist WGL with future mergers and acquisitions as his expertise is in International Business Affairs. September 5, 2008 - Double-Take Software (NASDAQ: DBTK), a leading infrastructure software company, will host a webinar featuring technology specialist, Chris Chalmers from Microsoft. The September 9 webinar will focus on providing attendees with tips on how to integrate Microsoft Exchange 2007 with Double-Take Software product offerings. Webinar attendees will learn that the protection and recovery capabilities of Double-Take Software products combined with the new recovery features within Microsoft Exchange 2007 provide an end-to-end solution for Exchange 2007 protection, eliminating single points of failure and providing the utmost flexibility and redundancy for business-critical Exchange messaging data. Join Double-Take Software along with a Microsoft technology specialist to discuss: * Why you should upgrade to Exchange 2007 (if you haven't already) * How to provide an additional level of protection for Exchange 2007 server Hub and Transport, Mailbox Server and Client Access Server roles by replicating the data using asynchronous, byte-level replication to standby systems * How to use Double-Take Software solutions in addition to Exchange 2007 for advanced disaster recovery or remote availability purposes - including recovery of Microsoft Clusters running Exchange Server 2007 * Date: Tuesday, September 9, 2008 Time: 11am - 12pm ET September 5, 2008 -Aladdin Knowledge Systems Ltd. (ALDN), an information security leader specializing in authentication, software DRM and content security, today announced that it has completed the acquisition previously announced on July 30, 2008, of the Secure SafeWord product line from Secure Computing Corporation (NasdaqGS:SCUR) for approximately $65 million in cash, including acquisition costs. The Company today also raised guidance for the fiscal year 2008 to give effect to the completion of the SafeWord acquisition, as well as preliminary estimates of the performance of the Company's core business. Aladdin and SafeWord will maintain service to SafeWord's customers by providing continued manufacturing services, as well as sales, service and support. Market Wrap for September 5, 2008 - Friday was shaping up to be another session of hefty losses until buyers emerged midsession to lend support. Sentiment received little help from technology, which is the largest among the major economic sectors. Shares of tech firms have been hit during recent sessions amid fears However, the tech sector did receive leadership from flash memory storage company SanDisk (SNDK 17.64, +4.18). SanDisk saw its shares surge amid takeover chatter. Financials garnered attention after Reuters reported that Blackstone Group (BX 16.43, -0.31) and KKR are each looking to buy parts of Lehman Brothers (LEH 16.20, +1.03). The news helped financials emerge as a leader, helping induce broad-based gains. They were down 1.7% at their session low, right about the time the S&P 500 was down 1.6%. However, financials finished the day as the best performing sector, up 3.2%. The S&P 500 ascended to close with decent gains. Sliding oil prices also helped the overall sentiment. Oil retreated 1.4% to settle around $106.40 per barrel. It is down 7.8% this week. It is now up 3.0% this year. DJ30 +32.73 NASDAQ -3.16 NQ100 -0.4% R2K +0.0% SP400 +0.4% SP500 +5.48 NASDAQ Adv/Vol/Dec 1265/2.26 bln/1512 NYSE Adv/Vol/Dec 1583/1.20 bln/1518 ABOUT INVESTSOURCE, INC.: WIN an 8 day 7 nights Caribbean Getaway, GO TO: www.investsourceinc.com. Coming in late Summer of this year: Go Baby GO!!! The first book of its kind on the OTCBB and Pink Sheet Markets www.gobabygobook.com . To hear "The Fastest 60 Seconds in the Small-Cap Market," please go to www.ceo-corner.com InvestSource, Inc. is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. InvestSource, Inc. affiliates, officers, directors and employees may also have bought, or may buy the shares discussed in this opinion and may profit in the event of a rise in value. InvestSource, Inc. will not advise as to when it decides to sell and does not, and will not, offer any opinion as to when others should buy or sell; each investor must make that decision based on his or her judgment of the market InvestSource has received 5 million shares of Greenstone Holdings for services rendered. Please consult your broker before purchasing or selling any securities mentioned herein. To view full disclaimers, please go to http://investsourceinc.com/php/disclaimer.php (disclaimers). This release may contain statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. The information contained in an InvestSource profile is provided as an information service only. The accuracy or completeness of the information is not warranted and is only as reliable as the sources from which it was obtained. InvestSource has not been compensated for services rendered. To view full disclaimers, please go to http://investsourceinc.com/content/disclaimer. DISCLAIMER: WEHI This release may contain statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. The information contained in an InvestSource profile is provided as an information service only. The accuracy or completeness of the information is not warranted and is only as reliable as the sources from which it was obtained. InvestSource has not been compensated for services rendered. To view full disclaimers, please go to http://investsourceinc.com/content/disclaimer. Disclaimer: ZCMN This release may contain statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. The information contained in an InvestSource profile is provided as an information service only. The accuracy or completeness of the information is not warranted and is only as reliable as the sources from which it was obtained. InvestSource has agreed to be compensated 2,400,000 shares of free trading shares of ZCMN for services rendered. To view full disclaimers, please go to http://investsourceinc.com/content/disclaimer. CONTACT: InvestSource, Inc WWW: http://www.investsourceinc.com ((M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to [email protected])). Copyright ? 2008 M2 Communications Ltd. |
