Tuesday, June 28, 2011
The paid-for research stated that due to a weakened economy and higher unemployment rates, lackluster discretionary income growth could cause irritability in the apparel and accessories demand. Accessories and differentiated fashion continue to outperform the category, but at a slower pace. Strong luxury brands are estimated to rebound extending throughout 2011, reflecting core luxury shoppers. According to NPD consumer estimated data, first-quarter 2011 apparel sales declined 1.6%. According to the U.S. Department of Commerce, sales at clothing and accessories stores rose 4.1% year to year in the 2011 first quarter.
Global Equity Reporter brings Auri, Inc. to light as it is engaged in designing and marketing of Auri-branded footwear for men and women. Its men's line consists of both causal/sport shoes and fashion/dress shoes and a range of sandals, while its women's line consists of an assortment of high-heel designs and flats. Its footwear is crafted with full grain and Italian leathers and hand burnished finishes.
Adding domestic knits to its line of products comes just in time for its high-end denim brand to resume production for the fall/winter season. The Company is pleased to report that additional licensing transactions with established domestic apparel and accessories manufacturers are in the preliminary negotiation stages.
"While in the process of re-launching the PRVCY Premium brand for the coming season, we are thrilled to have added knit wear apparel to our capabilities. The Andari Fashion license is a tremendous asset as we explore our efforts to expand the PRVCY Premium label into a complete lifestyle brand," says Derek Finney, CEO of PRVCY Couture, Inc.
Finney added, "We are working on developing additional licensing agreements with established domestic manufacturers of apparel and accessories with the view of creating a more versatile offering to our wholesale customers as well as via our e-commerce portal. PRVCY Premium is currently in negotiations with additional licensees and anticipates to add screen tees and other apparel ventures to our fashion repertoire in the coming months. In addition, these partnerships are likely to expand PRVCY Premium's distribution channels to the Canadian, Russian, and European markets."
Omni Ventures, Inc. is a development stage company working on a versatile portfolio of projects in premium consumer brands development and merchandising as well as consumer services.
Based in El Monte, CA, Andari Fashion Inc. is a full service sweater and knits manufacturer. Established in 1991, Andari has been supplying 'Made in U.S.A.' products to nation's top department stores, specialty retailers, and high-end designers.
*The May reading of Japan’s Retail Trade was up 2.4% on the month, double the expected increase.
*The Greek vote is still a day away, but protesters are already in the streets of Athens in the first day of two planned days of protest.
*ECB boss Trichet said at an event in Amsterdam that the ECB is in strong vigilance mode, indicating the bank is still on line to raise rates at their meeting next month. He also said it is of the utmost importance that Greece takes the right decision.
*The May reading of Germany’s Import Price Index fell 0.6% on a month on month basis, twice the expected decline.
*German states are releasing the June readings of their Consumer Price Index this morning, some of the results include: Brandenburg, +0.1% on a month on month basis and +1.9%; Hesse, +0.1% and +2.1%; Bavaria +0.1% and +2.1%; and North Rhine Westphalia, +0.2% and +2.5%. The national reading of the CPI is due out later this morning; it is expected to be +0.1% on a monthly basis and +2.5% annualized, for the EU Harmonized version.
*The final revision to the UK’s Q1 GDP was steady at +0.5% on a quarter on quarter basis, but was revised down two tenths to +1.6% year on year basis.
*The weekly report on chain store sales from ICSC shows an increase of 2.9% on a week on week basis for the week ended June 25, the best weekly gain in many months. The Johnson Redbook report on the same thing is due out at 7:55am CDT.
*The April reading of the Case/Shiller Home Price Index is due out at 8:00am CDT; it is expected to be -3.95% on a year on year basis, and down 0.20% from the month before. The June reading of Consumer Confidence is due out at 9:00am CDT, it is forecast to rise to 61.0 from 60.8 in May.
*The June reading of the Richmond Fed Manufacturing Index is due out at 9:00am CDT; the estimate calls for -3, it was -6 in may.
*The Fed is scheduled to buy Treasuries today that are due to mature between 8/15/18 and 5/15/21; the results of the operation will be announced just after 10:00am CDT.
*The Treasury plans to sell $35 billion 5 Year Notes today; the results of the auction will be announced just after noon CDT.
*Dallas Fed boss Fisher is set to speak at noon CDT, no topic has been announced
Monday, June 27, 2011
Friday, June 24, 2011
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Friday, June 17, 2011
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Tuesday, June 14, 2011
STERLING, Va. – (MARKET WIRE) – March 7, 2011 – IceWEB, Inc.™ (OTCBB:IWEB.ob - News), www.IceWEB.com, a leading provider of Unified Data Storage and building blocks for cloud storage networks, announced today that it has reached a definitive merger agreement with Annapolis Junction, Maryland-based Promark Technology, Inc. (“Promark”), a privately-held, national distributor of data storage products and solutions.
With a history of transforming small-share storage brands into market leaders, Promark is a 26 year old private company with a nationwide network of over 1200 value added resellers. The company focuses on selling storage solutions to mid-size and enterprise companies and to organizations in both the private and public sectors.
Currently operating at a $100 million annual revenue run rate, Promark has no debt, over $20,000,000 in current assets and a $10 million line of credit with BB&T bank. Promark has acted as the primary distribution partner for some of the leading storage companies including EqualLogic (acquired by Dell), LeftHand Networks (acquired by HP) and Compellent (acquired by Dell). In December 2010, Promark acquired Nixsar Data Systems, a national storage services and engineering organization with specific expertise in planning, designing, training and installing enterprise data storage systems.
Mr. John R. Signorello, Chairman & CEO of IceWEB, stated, “This is an extraordinary vertical integration merger that will benefit all parties. Customers will have instant access to IceWEB’s outstanding Unified Storage Products along with Promark’s professional engineering services. IceWEB’s shareholders will own shares of a company whose revenues, profits and market share are projected to show immediate and dramatic improvement.
“We have known the Promark team for a considerable time and have the greatest respect for their professionalism, expertise and understanding of the storage space and our shared aspirations. Both firms have looked at the storage space and recognized that to succeed a company must have several things, some of which IceWEB had and some of which Promark Technology had. The combined company will be a data storage powerhouse with over 1200 plus channel partners and a leading 128 bit file system platform. When you blend that with a professional engineering services arm and the ability to ship and deliver expeditiously, the sky is the limit for the combined company. As one entity, we will have all the missing piece(s) of the puzzle necessary for
sustained growth and success in the data storage space. We are tremendously excited by this joining of forces and look forward to the ability to scale up our production to meet the demand that will result from Promark’s sales efforts.”
Mr. Dale Foster, Promark President, stated, “Our experience marketing the IceWEB Storage Appliance line of products quickly brought us to the realization that IceWEB’s unified storage approach gave it a competitive edge, and one that could very rapidly carve out a significant share of the market. It has always been a concern for us that we spend a great deal of time, resources and energy to develop channels for emerging storage companies that eventually are acquired. We want an opportunity to fully reap the rewards of our channel building efforts. We believe that the time is right for Promark to be a part of developing the IceWEB
product line. We looked for a partner that had the advanced technology to successfully compete in the rapidly growing storage market and that company is IceWEB. We know the people, we know the product, we know the space, we know the potential. We and the IceWEB team are enthusiastic about this merger and are expecting tremendous results.”
About IceWEB and Promark Technology
IceWEB, Inc., headquartered just outside of Washington, D.C. manufactures and markets data storage products.
For more information, please visit www.iceweb.com.
Promark Technology’s core technology focus is distributing data storage and electronic document imaging products and solutions through a two-tier distribution channel selling to value added resellers (VARs) and system integrators.
The consolidated new company, IceWEB, Inc., will be headquartered at Promark’s facility in Annapolis Junction, Maryland.
For more information, please visit www.promarktech.com.
Monday, June 13, 2011
Thursday, June 9, 2011
Wednesday, June 8, 2011
Tuesday, June 7, 2011
The Japanese gaming giant on Tuesday unveiled the Wii video game console's successor, which will broadcast high-definition video and feature a touchscreen controller that can detect motion and interact with what appears on a television display.
"Up until now, home console games had to occupy the TV screen in order to be played," said Nintendo president Satoru Iwata. "The new controller for Wii U, with its 6.2-inch screen built in, means you won't need to give up your gameplay when someone else comes in the room and wants to watch a TV program."
The white touchscreen controller, reminiscent of Apple Inc.'s iPad and other tablet computers, can broadcast standard-definition video but also features a directional pad, microphone, dual analog sticks, speakers, two pairs of shoulder buttons and a front-facing camera, which can be used to make video calls.
The console itself will use proprietary high-definition optical discs, 1080p HDMI output and internal memory that can be upgraded with USB and SD technology. No other technical specifications were provided.
The prototype controller was demonstrated during the Electronic Entertainment Expo, the gaming industry's annual convention, in several ways: displaying a player's inventory in a "Legend of Zelda" game, offering an alternative way to play a chasing game, being used as a shield from incoming attacks in a first-person shooter game and showing the image of a teed-up golf ball on the ground before it was struck to a putting green depicted on a TV.
The controller was also shown being used to browse the Internet both on a TV and the controller. Reggie Fils-Aime, Nintendo of America president, noted that the touchscreen controller is not meant to be a portable gaming device and that the system is dubbed the Wii U because its "unique, unifying and maybe even utopian."
Nintendo said the Wii U will be released between April and December next year and will be backward-compatible with Wii games and controllers.
"StrikeForce has reached an inflection point in its growth," said Mark Kay, StrikeForce's CEO. "The escalation of major data security breaches and thefts, as witnessed in the RSA, Epsilon, Sony, Gmail, and other recent attacks, demonstrates that the security protocols individuals, corporations and governments use must advance immediately. Our products deliver the multi-factor authentication and data encryption required to combat the sophisticated attacks that have suddenly become prevalent in the cyber war. We expect that ICN's capabilities in television, print and online will enable us to deliver our message and our methods to enterprises, consumers and the investing public."
Hugh Austin, ICN's President, comments saying: "Only StrikeForce's products directly address the root causes behind the vast majority of these new attacks -- keylogging malware that steals passwords and login IDs. Forensic analysis of security breaches, including Lockheed, Epsilon, and RSA, show that these new hacking techniques will change the security software industry's protection paradigm. We look forward to helping StrikeForce make GuardedID®, its patent-pending, anti-keylogging, keystroke encryption product, and ProtectID®, its patented, two-factor and 'Out-of-Band' authentication software, the new defacto standards for online and network protection protocols."
StrikeForce Technologies helps to prevent online identify theft and data security breaches for consumers, corporations, and government agencies. It provides powerful two-factor, 'Out-of-Band' authentication and keystroke encryption solutions.
Monday, June 6, 2011
Jobs, who has been on medical leave for months and last took the stage in March to present the iPad 2, will unveil the iCloud, a Web-based service that lets consumers stream music they bought to any Apple device, pitting it against rivals Google Inc and Amazon.com Inc.
That expansion into cloud computing is seen as crucial if the company is to stay competitive with increasingly popular open-sourced software, such as Google's Android operating system, according to analysts and investors.
The iCloud has the potential to make Apple's iTunes even more powerful, making it tougher for rivals to keep up, Sterne Agee analyst Shaw Wu said.
"It looks like Apple will likely offer some base service for free," Wu said. "Competitors, including RIM, Google, Amazon and Microsoft already have a hard time competing with iTunes as it is, but we believe will likely find it even tougher with iCloud enhancements."
The Moscone center in San Francisco -- ground zero in the launch of several iconic Apple gadgets such as the iPad -- was a hive of activity this week as workers put the finishing touches on banners featuring a giant Apple logo.
Apple has been busy wrapping up negotiations with major record labels to secure licenses for its iCloud service, which is also expected to include a revamped version of its little-known MobileMe storage service.
The licenses will help Apple introduce scan-and-match technology that scans a user's hard drive and provides access to music found there from the company's own servers.
Currently, Google and Amazon require users to upload their library of songs.
Thursday, June 2, 2011
Wednesday, June 1, 2011
API completed the acquisition through a merger of a wholly-owned subsidiary with and into Spectrum. As a result of the merger, all outstanding shares of Spectrum common stock were converted into the right to receive $20.00 per share in cash, without interest and less any required withholding taxes.
API's payment agent will mail to Spectrum record stockholders materials necessary to exchange Spectrum stock certificates for such payment. As a result of the Merger, Spectrum shares ceased trading on the NASDAQ Global Select Market.
Bel Lazar, President and Chief Operating Officer of API, commented, "Spectrum offers one of the widest ranges of RF product solutions worldwide, which complements our existing business in engineered systems and subsystems, and secure communications. With this business combination, we will offer an even broader range of high-reliability solutions to meet technically demanding applications."
Brian Kahn, Chairman and CEO of API, stated, "We are very pleased to have completed the acquisition of Spectrum, which is one of the premier developers, designers, and manufacturers of high-performance, custom solutions for defense, aerospace, industrial, communications and medical customers worldwide. I want to personally welcome the Spectrum team to API, where together we will continue our strategy of building the premier products, solutions and services to meet the diverse needs of our global customer base."
The Company, through its subsidiaries, designs, develops and manufactures systems, subsystems, RF and secure communications solutions for technically demanding defense, aerospace and commercial applications.
"With its new 1.3GHz chip specifically designed for tablets, Actions is a flag bearer for the MIPS architecture in the mobile market," said Art Swift, vice president of marketing and business development, MIPS Technologies. "This is one of the first times a MIPS licensee has achieved such high frequency with a MIPS-Based SoC targeted for mobile applications. As MIPS continues to make inroads into the mobile market, we are working closely with innovative licensees such as Actions to enable them to deliver fully optimized MIPS-Based solutions for their specific target applications."
"With the MIPS architecture, we are able to achieve extremely high performance with power efficiency that differentiates our solutions in the market. For more than 10 years, Actions has experienced success in the market with SoCs for portable consumer electronics. Our MIPS-Based chips are already shipping in portable media player products including our Series 23, 25, 27, game family G1000, tablet family ATM70, and a feature phone. Now we are pleased to collaborate with MIPS to deliver a chip specifically designed for tablets. Into this SoC we have integrated the most advanced technologies that will provide an ideal user experience," said Robert Wang, vice president of marketing, Actions Semiconductor.
The new chip from Actions will be available in the third quarter of 2011.
Actions Semiconductor is one of China's leading fabless semiconductor companies that provides mixed-signal and multimedia SoC solutions for portable consumer electronics. Actions Semiconductor products include SoCs, firmware, software, solution development kits, as well as detailed specifications of other required components and the providers of those components. Actions Semiconductor also provides total product and technology solutions that allow customers to quickly introduce new portable consumer electronics to the mass market in a cost effective way.
MIPS Technologies is a leading provider of industry-standard processor architectures and cores that power some of the world's most popular products for the digital home, networking and mobile device markets. These include broadband devices from Linksys, DTVs and digital consumer devices from Sony, DVD recordable devices from Pioneer, digital set-top boxes from Motorola, network routers from Cisco, 32-bit microcontrollers from Microchip Technology and laser printers from Hewlett-Packard.
Gross Profit increased by 168% to $2.5 million from $929,000 in the first quarter of 2010.
As a result, the Company reported a net profit of $393,000, or $0.04 per share, for the first quarter of 2011 compared to a net loss of $518,000 or $0.06 per share, for the first quarter of 2010.
Commenting on the results, Zvika Alon, RADA's Chief Executive Officer said, "We are pleased with our first quarter 2011 results, which put us on track with our strategic plan for the year. The increase in revenues can be partly attributed to the large scale integration projects we are executing for our Latin American customers. As a result of this increase, we have increased our R&D investment, particularly in the high growth areas such as our navigation and radar products, which will help us expand our product offerings in the coming years. Despite the weakened US dollar versus the Israeli Shekel this past quarter, we succeeded to mitigate its impact through hedging activities, which helped us reduce our financial expenses this quarter."
"Looking ahead," continued Mr. Alon, "we will continue to pursue large opportunities in the navigation and radar product markets and expect them to become major growth drivers for the Company in the future."
RADA Electronic is an Israel based defense electronics contractor. The Company specializes in Data Recording and Management (Digital Video & Data Recorders, Ground Debriefing Stations, Head-Up Display Cameras), Inertial Navigation Systems for air and land applications, Avionics Solutions (Aircraft Upgrades, Avionics for UAVs, Stores Management Systems, Mission & Interface Computers) and Radar Sensors for active protective systems for land vehicles.