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Archive for November, 2009

World of Zoo Hits Retail!

THQ Goes Wild as Its New Intellectual Property World of Zoo Hits Retail Stores for Wii, Nintendo DS and Windows PC

Game Creates a Virtual Playground with Nearly 100 Exotic Animals, a Unique Animal Creator Tool and Educational Facts Provided by National Geographic

AGOURA HILLS, Calif.–THQ Inc. (NASDAQ:THQI) today announced its new, original intellectual property, World of Zoo has shipped to all major retailers nationwide for Wii, Nintendo DS and Windows PC. World of Zoo opens the creativity gates for kids and animal lovers of all ages and encourages them to explore the zoo in ways they have only imagined, from caring for their favorite wild animals, to creating their very own exhibits and learning about each animal through educational fun facts provided by National Geographic. World of Zoo is rated E for everyone and is available at the suggested retail prices of $39.99 (Wii), $29.99 (DS) and $19.99 (Windows PC).

“What truly sets World of Zoo apart is the incredible hands-on interactions you have with the world`s most amazing animals, combined with a variety of tools that lets players create and customize their own unique animals and zoo environments,” said Randy Shoemaker, vice president, global brand management at THQ. “Players will discover their animal`s favorite foods, activities and behaviors, all the while learning interesting information about each one. The National Geographic fun facts are something that animal lovers of all ages will enjoy and parents will appreciate.”

About World of Zoo
World of Zoo is a family-friendly game that will open the gates for gamers to care for and play with their favorite wild animals. With nearly 100 animals to tend to, players will have ample opportunities to engage with all types of species. The Animal Creator feature will allow players to create an unlimited number of animals and be able to customize each one. Players can also learn about their animals through fun animal facts provided by National Geographic. Each animal is completely unique with different personalities and behaviors. It will be up to the player to determine ways to gain their trust and keep their animals happy, ultimately earning a Magic Moment from their animal.

World of Zoo was developed by Blue Fang, creator of the highly successful Zoo Tycoon series. For more information on this game, please visit www.worldofzoo.com. Information on the rest of THQ`s line-up of family-friendly titles is also available on www.playthq.com.

World of Zoo Hits Retail!
THQ Inc. (NASDAQ:THQI) today announced its new, original intellectual property, World of Zoo has shipped to all major retailers nationwide for Wii, Nintendo DS and Windows PC. »

One to One Interactive Creates Travel and Tourism Practice Group

Newly formed group dedicated to creating digital marketing solutions and strategy for the travel and tourism industry

Boston, Mass. and Reno, Nev. (Nov. 13, 2009) – One to One Interactive announced today the formation of One to One Travel, an industry practice group dedicated to provide complete one-to-one digital marketing solutions for today’s travel and tourism brands. To complement One to One Travel, www.onetoonetravel.com was also launched, offering convenient access to the news, thought leadership and client work examples serviced by the One to One Travel practice group.

“As a result of One to One’s recent acquisition of Reno-Tahoe and Salt Lake City based Twelve Horses, we were able to incorporate their talent and years of travel and tourism experience with ours to create One to One Travel and to enhance the strategy and insights we provide to our clients in the industry,” explained Jeremi Karnell, founding partner and president of One to One Interactive. “Economy aside, today’s travel and tourism brands face increasing challenges to reach, develop and maintain customers. Concurrently, marketing expenditures continue to shift from the traditional media mix to data-driven online performance marketing strategies that in our experience are delivering the results.”

With more than fifteen years experience transforming travel brands online, One to One created One to One Travel so it was able to expand their client base and adapt to the ongoing shift in marketing for the industry. One to One Travel services over 40 travel brands today and has developed solutions for amusement parks and attractions, casino hotels and resorts, destination marketing organizations, golf resorts, hotel resorts, ski resorts, tourism special events and travel transportation.

One to One Interactive’s experience with translating and transforming travel and tourism brands online began in 1995 by launching northern Nevada’s first casino hotel Web site. The One to One Travel team focuses on bringing forth the latest digital marketing strategies to help transform the web presence for clients such as Vail Resorts, Royal Caribbean, Monterey County Convention & Visitors Bureau, Tahiti Tourism and Las Vegas Monorail. The work put forth by the members of One to One Travel has earned more than one hundred industry recognitions and awards.

To further connect with One to One Travel, please visit www.onetoonetravel.com, or follow on Twitter @OneToOneTravel.

About One to One Interactive
Complete One-To-One Solutions for Brands, Agencies, and Publishers
Established in 1997, One to One Interactive is the first enterprise to assemble a complete solution for brands, agencies and publishers executing one-to-one marketing strategies. By bringing together one of the nation’s leading digital marketing agencies, the world’s most comprehensive portfolio of permission marketing platforms, performance marketing solutions and cutting-edge neuromarketing research techniques, the companies of One to One Interactive build informed and creative customer/constituent strategies on the belief that digital media’s ability to enable engaging one-to-one dialogues is the future of marketing.

One to One Interactive has recently been ranked by Inc. Magazine as one of the fastest growing private companies in America, one of the Top Interactive firms in the United States according to B2B Magazine, and one of the world’s 20 hottest independent digital marketing firms by Ad Age.

Please visit one of One to One Interactive’s web sites for more information:

* One to One Interactive: www.onetooneinteractive.com
* OTOi: www.otoi.com
* OTOlabs: www.otolabs.com
* OTOnetworks: www.otonetworks.com
* OTOinsights: www.otoinsights.com

One to One Interactive Creates Travel and Tourism Practice Group
One to One Interactive announced today the formation of One to One Travel, an industry practice group dedicated to provide complete one-to-one digital marketing solutions for today’s travel and tourism brands. »

Aspen Technology Announces Financial Results for Fiscal Year 2009

Files Annual Report on Form 10-K for Fiscal Year 2009; Files Quarterly Reports on Form 10-Q for First, Second and Third Quarters Fiscal 2009; Announces Selected Preliminary Financial Results for First Quarter Fiscal 2010

BURLINGTON, Mass — November 09, 2009— Aspen Technology, Inc. (OTC: AZPN.PK), a leading provider of software and services to the process industries, today announced that the company filed its Annual Report on Form 10-K for the fiscal year ended June 30, 2009, in addition to Quarterly Reports on Form 10-Q for the first, second and third quarters of fiscal 2009, ended September 30, 2008, December 31, 2008 and March 31, 2009, respectively. The company also announced selected preliminary financial results for the first quarter of fiscal year 2010, ended September 30, 2009.

Selected Preliminary Results for the First Quarter Fiscal 2010

Mark Fusco, Chief Executive Officer of AspenTech, said, “The first quarter of fiscal 2010 included a milestone event in the history of our company, as we introduced a new, subscription-based commercial model that we believe delivers greater value to our customers and will enable AspenTech to better scale from a long-term perspective. We are very pleased with initial customer response and interest levels, and evidence to date supports our view that our new commercial model is the right strategic direction for AspenTech.”

Fusco added, “We signed gross license bookings of approximately $32.2 million in the quarter. While this represents a decline of over 20% compared to the prior year period, we believe the company executed well considering that we rolled out the new commercial model to our sales organization and customers in July, after our seasonally weakest quarter of the fiscal year had already begun. Moreover, we closed 5 license bookings that were greater than $1 million and 25 that were between $250,000 and $1 million during the first quarter, both of which were comparable to the year ago period. The average deal size for license bookings over $100,000, on a gross basis, increased year-over-year to approximately $500,000. Looking ahead, our pipeline of opportunities is solid entering our seasonally stronger calendar year-end quarter, and total term contract value of over $1 billion provides the company with long-term visibility.”

The company’s cash balance as of September 30, 2009, was approximately $109 million, which compares to $122 million at the end of the fourth quarter of fiscal 2009. The company did not sell any installments receivable to raise cash during the first quarter of fiscal 2010 and it continued to reduce its secured borrowings balance, which was down by approximately $3 million from the end of the fourth quarter of fiscal 2009.

Company Files Fiscal 2009 Financial Statements

Mark Sullivan, Chief Financial Officer of AspenTech, said “With the filing of the company’s 10-K for fiscal 2009, we are now turning our focus to completing the review of our first quarter results for fiscal 2010. Our goals are to complete this review around the end of this calendar year and, ultimately, to begin the process of seeking a relisting of our common stock on a major U.S. stock exchange during the first calendar quarter of 2010. There is still a considerable amount of work to be completed, but today’s filings represent a significant step forward and are the result of improving execution from the company’s finance organization.”

Fiscal 2009 Financial Results

The following section provides summary level details of the company’s fiscal 2009 financial results, in comparison to the company’s financial results for fiscal 2008. Detailed financial results for the full fiscal year 2009 and the first, second and third fiscal quarters of fiscal 2009, along with comparisons to prior year periods, can be found in the company’s Form 10-K and 10-Q filings made with the SEC today.

For fiscal year 2009, ended June 30, 2009, AspenTech reported total revenue of $311.6 million, flat with $311.6 million for fiscal 2008. Within total revenue, license revenue was $179.6 million, an increase of 7% compared to fiscal 2008, while services revenue of $132.0 million decreased 8% over the same time period. The year-over-year increase in license revenue was driven primarily by the timing of revenue recognition under GAAP as opposed to the level of actual business activity. By comparison, total fiscal 2009 license bookings decreased by over 15% compared to fiscal 2008.

During fiscal 2008, $57.5 million of license bookings did not meet the criteria for revenue recognition as of the end of fiscal 2008, of which $31.6 million was recognized during fiscal 2009. During fiscal 2009, license bookings of $52.1 million did not meet criteria for revenue recognition as of the end of fiscal 2009. The level of license bookings in which revenue recognition was deferred during fiscal 2008 and 2009 represented a significant divergence from prior fiscal years. The company expects the revenue from the license bookings closed during fiscal 2008 and 2009 which were not recognized as revenue by the end of fiscal 2009 to be recognized over the remainder of the contract lives.

AspenTech’s income from operations was $43.9 million in fiscal 2009, representing an operating margin of 14% and an increase of 136% compared to $18.6 million in fiscal 2008.

Net income was $52.9 million for fiscal 2009, an increase of 112% compared to $24.9 million for fiscal 2008. Net income applicable to common stockholders was $0.57 per diluted share in fiscal 2009, an increase of 111% compared to $0.27 per diluted share in fiscal 2008.

Balance Sheet and Cash Flow

The company’s cash balance at the end of fiscal 2009 was approximately $122.2 million, a decrease compared to approximately $134.0 million at the end of fiscal 2008. Cash flow from operations was $33.5 million during fiscal 2009, offset by cash used in investing activities of $5.8 million and cash used in financing activities of $38.4 million.

The company’s secured borrowings balance at the end of fiscal 2009 was $112.1 million, a reduction of $35.1 million from $147.2 million at the end of fiscal 2008. Total company-owned accounts and installments receivable balances were $227.8 million at the end of fiscal 2009, an increase of $6.6 million from $221.2 million at the end of fiscal 2008.

The company’s total deferred revenue balance at June 30, 2009, was $78.9 million, a decrease compared to $106.9 million at the end of fiscal 2008. While the company had a material amount of license bookings closed during fiscal 2009 that were not recognized as revenue during the fiscal year, unlike fiscal 2008, the majority of these license bookings were not recorded as receivables and deferred revenue on the company’s year-end balance sheet.

Conference Call and Webcast

AspenTech will host a conference call and webcast today, November 9, at 8:30 a.m. (Eastern Time), to discuss the Company’s selected preliminary financial results for the first quarter of fiscal 2010, as well as annual and quarterly financial results for fiscal 2009. The live dial-in number is (877) 245-0126, conference ID code 39756294. Interested parties may also listen to a live webcast of the call by logging on to the Investor Relations section of AspenTech’s website, http://www.aspentech.com/corporate/investor.cfm, and clicking on the “webcast” link. A replay of the call will be archived on AspenTech’s website and will also be available via telephone at (800) 642-1687 or (706) 645-9291, conference ID code 39756294 through November 16, 2009.

About AspenTech

AspenTech is a leading supplier of software that optimizes process manufacturing – for energy, chemicals, pharmaceuticals, engineering and construction, and other industries that manufacture and produce products from a chemical process. With integrated aspenONE solutions, process manufacturers can implement best practices for optimizing their engineering, manufacturing and supply chain operations. As a result, AspenTech customers are better able to increase capacity, improve margins, reduce costs and become more energy efficient. To see how the world’s leading process manufacturers rely on AspenTech to achieve their operational excellence goals, visit www.aspentech.com.

© 2009 Aspen Technology, Inc. AspenTech, aspenONE, the Aspen leaf logo and the 7 Best Practices of Engineering Excellence are trademarks of Aspen Technology, Inc. All rights reserved. All other trademarks are property of their respective owners.

Forward Looking Statements

The first paragraph under “Selected Preliminary Results for the First Quarter Fiscal 2010” and the first and fourth paragraphs under “Company Files Fiscal 2009 Financial Statements” in this press release contain forward-looking statements for purposes of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements relating to the anticipated benefits of AspenTech’s new subscription-based commercial model and the timing of the completion of AspenTech’s review of its operating results for the first quarter of fiscal 2010. Actual results may vary significantly from AspenTech’s expectations based on a number of risks and uncertainties, including, without limitation: customers’ failure to adopt the new commercial model at the rate expected by AspenTech or at all; AspenTech’s failure to realize the anticipated financial and operational benefits of the new commercial model; unanticipated distractions or delays affecting AspenTech or its independent accountants in connection with the review of operating results for the first quarter of fiscal 2010, ended September 30, 2009; unforeseen difficulties or uncertainties in the application of accounting standards; weaknesses in our internal controls, including our controls over the recognition of license revenue; and other risk factors described from time to time in AspenTech’s periodic reports filed with the Securities and Exchange Commission.

AspenTech cannot guarantee any future results, levels of activity, performance, or achievements. AspenTech expressly disclaims any current intention to update forward-looking statements after the date of this press release.

Aspen Technology may provide information regarding the new subscription-based commercial model or possible future product developments including new products, product features, product interfaces, integration, design, architecture, etc. that may be represented as “product roadmaps.” Any such information is for discussion purposes only and does not constitute a commitment by Aspen Technology to do or deliver anything in these product roadmaps or otherwise.

Financial tables available in the printer friendly PDF document

Aspen Technology Announces Financial Results for Fiscal Year 2009
Aspen Technology, Inc. (OTC: AZPN.PK), a leading provider of software and services to the process industries, today announced that the company filed its Annual Report on Form 10-K for the fiscal year ended June 30, 2009, in addition to Quarterly Reports on Form 10-Q for the first, second and third quarters of fiscal 2009, ended September 30, 2008, December 31, 2008 and March 31, 2009, respectively. »

One to One Interactive Promotes Two Key Executives into New Roles

Leading Digital Marketing Company Continues to Recognize and Reward Internal Leadership Talent

Boston (Nov. 3, 2009) – One to One Interactive (OTO) today announced the promotions of two executives, reflecting the company’s commitment to building and maintaining a strong executive team that can help lead the company through its continued expansion. Bill Haeck has been promoted to chief performance officer. Cindy Starr will assume his former role as executive vice president and managing director of OTOi, a division of OTO responsible for delivering compelling strategy, inspired design and unparalleled strategic marketing leadership to clients.

“Both of these promotions are well deserved, and signify the continuing growth of One to One Interactive as a digital marketing leader,” said CEO Ian Karnell. “The efforts and achievements that Bill and Cindy have put forth reflect One to One’s dedication to deliver innovative and creative solutions to clients, while fostering a results-driven workplace that recognizes individual contributions.”

In his new role, Haeck will work across all of OTO’s divisions and regions to establish and integrate critical aspects of the company’s processes and culture, with a heavy focus on recent and future mergers and acquisitions. Haeck will also focus on maintaining high levels of client satisfaction through the development, deployment and delivery of enhanced service methods across all divisions.

Since joining OTO in 2000, Haeck has held a variety of positions, including his most recent role as executive vice president and managing director of OTOi. Over the last 9 years, he has been active in establishing and evolving almost all aspects of the agency’s methodologies, organization and processes. Haeck has a BA from the University of Michigan, an MBA from the University of Missouri St Louis and is a PMP certified member of PMI. He has worked with almost all of One to One’s major clients, including Comcast, State Street Corp., Rite Aid, Nextel, Johnson & Johnson, GlaxoSmithKline, Pfizer and Motorola.

In replacing Haeck as executive vice president and managing director of OTOi, Starr will oversee OTO’s agency division.

Starr previously served as senior vice president, marketing services at OTO, where she managed the agency’s strategies regarding online media, search marketing, CRM and social media. In her 14 years marketing products and services over the Internet, she has led interactive strategy development in executive roles with Digitas and Arc Worldwide and served a wide range of business-to-consumer and business-to-business clients including Comcast, Rite Aid, The Home Depot, AARP, Behr Paint, Haagen-Dazs, HP, BEA Systems and Visa. Starr has also established herself in the non-profit sector through her leading-edge work with OTO’s pro-bono client, the Make-A-Wish® Foundation. During the last two holiday campaigns for the Make-A-Wish Foundation, her team helped raise over $1 million in donations through digital media.

About One to One Interactive
Complete One-To-One Solutions for Brands, Agencies, and Publishers
Established in 1997, One to One Interactive is the first enterprise to assemble a complete solution for brands, agencies and publishers executing one-to-one marketing strategies. By bringing together one of the nation’s leading digital marketing agencies, the world’s most comprehensive portfolio of permission marketing platforms, performance marketing solutions and cutting-edge neuromarketing research techniques, the companies of One to One Interactive build informed and creative customer/constituent strategies on the belief that digital media’s ability to enable engaging one-to-one dialogues is the future of marketing.

One to One Interactive has recently been ranked by Inc. Magazine as one of the fastest-growing private companies in America, one of the top interactive firms in the United States according to B2B Magazine, and one of the world’s 20 hottest independent digital marketing firms by Ad Age.

Please visit one of One to One Interactive’s web sites for more information:

* One to One Interactive: www.onetooneinteractive.com
* OTOi: www.otoi.com
* OTOlabs: www.otolabs.com
* OTOnetworks: www.otonetworks.com
* OTOinsights: www.otoinsights.com

One to One Interactive Promotes Two Key Executives into New Roles
One to One Interactive (OTO) today announced the promotions of two executives, reflecting the company’s commitment to building and maintaining a strong executive team that can help lead the company through its continued expansion. »

CRi Launches Advanced Tissue Image Analysis Software

inForm Automated Image Processing Breakthrough Offers Speed and Ease-of-Use

Woburn, Massachusetts – November 2, 2009

Cambridge Research & Instrumentation, Inc. (CRi), a leader in biomedical imaging, today announced the launch of inForm™, advanced image analysis software based on the company’s proprietary Machine Learning System (MLS). inForm solves biologists’ and cancer researchers’ challenging image analysis problems by combining fast and easy-to-use automated image processing with advanced learning features that enable the user to train the software to process images automatically.

inForm detects and quantifies tissue structures and protein markers within individual cells, in tissue sections stained with conventional histochemical and immunohistochemical methods. Through this technology, in combination with CRi’s multispectral imaging systems, cancer researchers and biologists can identify and evaluate multiple markers within a single sample. With conventional analytical approaches, overlapping multiple markers blend together into indistinguishable masses of color. inForm allows researchers to have an unparalleled understanding of complex expressions and interactions within a single tissue sample.

Through its user-friendly interface and short training time, researchers are able to develop reliable algorithms in a matter of minutes, compared to hours or days with other technologies. inForm can also be easily installed on a researcher’s laptop, foregoing the need for expensive blade servers, required by competing technologies.

inForm is currently in use by numerous research and academic organizations, including the University of Pennsylvania and the Dana-Farber Cancer Institute.

“The combination of multispectral imaging and pattern-recognition based image analysis create a powerful tool for extracting key molecular information from tissue samples,” said Massimo Loda, pathology researcher at the Dana Farber Cancer Institute. “The information revealed using CRi’s inForm product enables a wide range of clinically-significant research.”

“We are very excited to be able to offer inForm’s advanced technology to the cancer research and biologist communities,” says CRi President & CEO, George Abe. “Automated image analyses, especially reliable quantitation of proteins in tissue sections, play key roles in pre-clinical and clinical studies. This breakthrough will greatly facilitate this area of research.”

About CRi, Inc.

Cambridge Research & Instrumentation (CRi) develops and markets optical imaging systems to advance biomedical research and molecular-based drug and diagnostic development. CRi’s patented systems enable researchers and clinicians to quantitate multiple disease and drug response markers in intact tissue samples, at a cellular level or in living small animals. CRi’s products integrate a unique multispectral imaging technology with proprietary image analysis algorithms to achieve unparalleled accuracy and sensitivity, rapidly and cost-effectively. CRi’s award-winning systems include Nuance™ for multispectral imaging on brightfield and fluorescence microscopes; inForm™ automated image analysis software; Vectra™ for high-throughput slide imaging and analysis; and Maestro™ for in-vivo optical imaging. Learn more at www.cri-inc.com.

Contact:

George Abe

President & CEO

Cambridge Research & Instrumentation, Inc. (CRi)

Tel. 781-935-9099

Email: gabe@cri-inc.com

Jamie Bull

Digital Media Strategist

CCA Digital Media/PR Group

Tel. (508) 620 – 0791 x12

Email: jamieb@commcreative.com

CRi Launches Advanced Tissue Image Analysis Software
Cambridge Research & Instrumentation, Inc. (CRi), a leader in biomedical imaging, today announced the launch of inForm™, advanced image analysis software based on the company’s proprietary Machine Learning System (MLS). »

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