TMCnet News
InvestSource, Inc.: Significant Software Transaction Closed by Trey Resources; Transactions Being Closed at Record Pace(M2 PressWIRE Via Acquire Media NewsEdge) RDATE:11092008 Stocks in the news: Trey Resources, Inc. (OTC BB:TYRIA.OB), Napster (Nasdaq:NAPS), Convergys Corporation (NYSE: CVG), Wireless Ronin Technologies, Inc. (NasdaqGM:RNIN) September 10, 2008 - Trey Resources, Inc. (OTC BB:TYRIA.OB) announced today that the company's wholly owned subsidiary, SWK Technologies, Inc., the premier total solutions provider specializing in business software for manufacturers and distributors, has closed on a software transaction valued in excess of $82,000. The transaction involves the sale of Sage Software's MAS 500 financial accounting software, together with attendant implementation, training, and support services. Lynn K. Berman, President of SWK Technologies, stated, "In spite of a difficult economic environment, SWK continues to close sizeable transactions. This is a testament to the depth of our product offerings, and the value proposition we provide our clients." Mark Meller, CEO of Trey Resources, said, "Business is excellent, and we continue to work on sizeable deals in our sales pipeline. We are currently negotiating with several exciting new business partners which will enable us to expand our reach in a new and profitable fashion. We are committed to providing our shareholders with current information about new developments in our business as often as possible, and hope to be in a position to make announcements regarding new alliances in the very near future." September 10, 2008 - Napster (Nasdaq:NAPS), the pioneer of digital music, and U.S. Cellular Corp. (NYSE:USM), one of the nation's largest wireless service carriers, today announced a marketing agreement that will bring a free, 30-day trial of the Napster To Go service to U.S. Cellular customers who purchase the brand new HTC Touch mobile handset. Napster and U.S. Cellular will partner on promotional efforts for music-to-handset sideloading, which makes it easy for consumers to experience the award-winning Napster To Go subscription service, and enables them to access Napster's catalog of more than six million songs, expert programming, and exclusive content. The companies will offer the service through in-box promotions via retail and carrier channels in the U.S. "Customers want to start using their phone and all of its features right out of the box, and this is one way we provide that outstanding customer experience," said Alan D. Ferber, chief marketing officer and executive vice president of U.S. Cellular. "U.S. Cellular's extensive, high-quality network and deep commitment to customer satisfaction make the company a valuable partner to Napster," said Brad Duea president of Napster. "We are very pleased to expand this relationship, which supports our focus on driving adoption of our subscription model by partnering with leading carriers and joining to music-enabled cell phones." September 10, 2008 - Convergys Corporation (NYSE: CVG), a global leader in relationship management and a preferred solutions provider to the Federal Government, announced that the Pension Benefit Guaranty Corporation (PBGC), a federal corporation created by the Employee Retirement Income Security Act, has awarded Convergys a contract for its customer management solutions. Convergys will provide customer service in English and Spanish for participants whose benefits are held by PBGC. This award will require Convergys to manage the contact center operations, catalog its operating procedures, and provide ongoing consulting on customer management solutions. The new five-year contract is Convergys' first since being selected as a preferred contact center solutions provider by the U.S. General Services Administration (GSA) earlier this year. This designation gives federal agencies access to Convergys' entire Customer Management suite of solutions through the GSA's $2.5 billion dollar per year contract vehicle. September 10, 2008 - Wireless Ronin Technologies, Inc. (NasdaqGM:RNIN), a Minneapolis-based worldwide digital signage provider, today announced that it has expanded the capabilities and functionality of the RoninCast(r) digital signage software platform to present and control content on the Philips 3D displays. RoninCast(r) digital signage software now enables clients to present playlists as 2D content and seamlessly present out-of-screen 3D effects that fascinate viewers and hold their attention for a longer period of time using the Philips 3D technology and the 2D-plus-Depth format applied in their 3D displays. No special glasses are needed to view the 3D content and customers find the experience amazing and entertaining. ''We are pleased to see the RoninCast(r) platform expanded to present and control content on the Phillips 3D Displays,'' said Jeffrey Mack, chairman, president and CEO of Wireless Ronin Technologies. ''Wireless Ronin will demonstrate this fascinating 3D display at the Wireless Ronin Technologies booth number 201 at the Digital Signage Expo East, Pennsylvania Convention Center, September 17th and 18th in Philadelphia, PA.'' Market Wrap for September 10, 2008 - The stock market posted a solid gain Wednesday in a roller coaster session. Much of the volatility was fueled by a third quarter earnings preannouncement from Lehman Brothers (LEH 7.24, -0.55). The S&P 500 rose 1.6% with one hour left in the session, but settled with a gain of 0.6% following a late surge in broad-based selling interest. Eight of the ten economic sectors posted a gain. Lehman reported a third quarter loss of $5.92 per share, or $3.9 billion, which missed the consensus estimate that called for a loss of $3.35 per share. In addition, Lehman is cutting its common stock annual dividend to $0.05 per share from $0.68, plans to sell 55% of its asset management business, will spin off its commercial real estate assets and is in talks with BlackRock (BLK 216.79, +5.99) to sell roughly $4.0 billion of Lehman's UK residential mortgage portfolio. LEH rose as much as 19%, but the advance dissipated with the stock settling at session lows with a 7% loss. Financials as a whole saw a great deal of volatility, trading between a range of -2.6% and +1.6% before ending the day with a 0.7% decline. The regional banks group fell 3.2% after Keefe Bruyette downgraded several regional banks, citing valuation. Washington Mutual (WM 2.36, -0.94) dropped 28% on reports that at least three potential acquirers are no longer interested in the company due to an accounting rule change 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 This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or a solicitation to buy or sell securities. InvestSource, Inc. has prepared all material herein based upon information believed to be reliable. The information contained herein is not guaranteed by InvestSource, Inc. to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this release have not given an opinion or approved the statements made in this release. To view full disclaimers, please go to http://investsourceinc.com/content/disclaimer. 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. To view full disclaimers, please go to http://investsourceinc.com/content/disclaimer. CONTACT: InvestSource, Inc e-mail: [email protected] 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. |