Companies news of 2006-07-01 (page 1)

  • Kaplan University Holds Commencement for Graduates Earning Online DegreesInternational...
  • Ultratech Announces Letter of Intent with Oraxion, Inc.
  • /C O R R E C T I O N -- BellSouth Corporation/In the news release, "The Search for Summer...
  • Inter-Tel Reincorporates in Delaware

    Kaplan University Holds Commencement for Graduates Earning Online DegreesInternational Crime Expert Dr. Richard H. Ward Delivers Commencement Address

    CHICAGO, July 1 /PRNewswire/ -- Kaplan University held its summer commencement ceremony for more than 1,400 recipients of online degrees on Saturday morning, July 1st, at the Chicago Marriott Downtown in Chicago, Ill. Graduates and their families traveled across the country, from Florida to Washington state, to attend the ceremony. Online degrees including certificates, associate's, bachelor's and master's degrees were awarded in paralegal studies, business administration, information technology, criminal justice and education, among other fields.

    Kaplan University recognized more than 20 graduates with Academic Excellence Awards based on cumulative grade point averages of 4.0. The Kaplan University Award was given to Brenda Shultz, a 50 year-old grandmother from Bremerton, Washington who earned her associate's degree online in information technology. Shultz turned to online education as a single mother unable to commute to a traditional university to work toward her degree, and was overwhelmingly selected by the University faculty and staff as an exemplary graduate.

    "Kaplan University provides access to higher education for students all around the world, from a military base in Iraq to a small Arkansas town," said Kaplan University President Andrew S. Rosen. "The ability to earn an online degree has eliminated geographical barriers for our students, and today our graduates celebrate their successes together-many meeting for the first time."

    More than 150 online educators and deans attended the ceremony to celebrate the achievements of the graduates. Criminal justice professor Andrew Carpenter, Nursing instructor Barb Gunderson and paralegal faculty member Penny Lorenzo each received the Outstanding Faculty Award for their tireless commitment to their students and colleagues.

    Dr. Richard H. Ward, a noted expert on transnational crime and terrorism, delivered the commencement address. Dr. Ward serves on the advisory board of Kaplan University's Graduate School of Criminal Justice and is currently the dean and director of the Criminal Justice Center at Sam Houston State University in Texas. A former New York City police detective, he has also served as an administrator at numerous universities and colleges, including the University of Illinois at Chicago.

    For those who could not attend, the commencement video will be available online at .

    Kaplan University, based in Davenport, Iowa, is accredited by The Higher Learning Commission of the North Central Association of Colleges and Schools (NCA). The University currently serves more than 26,000 online and on-ground students.

    About Kaplan Higher Education and Kaplan, Inc.

    In addition to Kaplan University, Kaplan, Inc.'s higher education division includes Concord Law School and more than 75 campus-based locations. Kaplan Higher Education offers master's, bachelor's and associate's degrees, as well as certificates designed to provide students with the skills necessary to qualify them for employment in fields such as business, criminal justice, education, fashion and design, health care, information technology, legal and paralegal studies. Kaplan is a leading provider of educational and career services to students, schools, professionals and businesses worldwide. For nearly 70 years, Kaplan has helped millions of individuals achieve their educational and career goals. Kaplan is a wholly owned subsidiary of The Washington Post Company . For more information about Kaplan, please visit .

    Note to editors: Kaplan is a wholly owned subsidiary of The Washington Post Company .

    Press contact: Caitrin Muldoon,, tel. (954) 515-3773/cell (850) 449-3667

    Kaplan University

    CONTACT: Caitrin Muldoon of Kaplan University,,
    +1-954-515-3773, or cell, +1-850-449-3667

    Web site:

    Ultratech Announces Letter of Intent with Oraxion, Inc.

    SAN JOSE, Calif., July 1 /PRNewswire-FirstCall/ -- Ultratech, Inc. , a leading supplier of lithography and laser-processing systems used to manufacture semiconductors and nanotechnology devices, announced today that it has entered into a non-binding letter of intent to purchase the assets of Oraxion, Inc. The transaction is subject to the negotiation of definitive agreements and other standard conditions. Oraxion makes capital equipment for surface metrology and stress analysis for the semiconductor industry. Ultratech believes this transaction will prove to be an important component of its strategic growth efforts.

    Certain of the statements contained herein, which are not historical facts and which can generally be identified by words such as "anticipates," "expects," "intends," "will," "could," "believes," "estimates," "continue," and similar expressions, are forward-looking statements under Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that involve risks and uncertainties, such as risks related to our dependence on new product introductions and market acceptance of new products and enhanced versions of our existing products; lengthy sales cycles, including the timing of system installations and acceptances; lengthy and costly development cycles for laser-processing and lithography technologies and applications; integration, development and associated expenses of the laser processing operation; delays, deferrals and cancellations of orders by customers; cyclicality in the semiconductor and nanotechnology industries; pricing pressures and product discounts; high degree of industry competition; intellectual property matters; expiration of licensing arrangements, and the resulting adverse impact on our licensing revenues; changes to financial accounting standards; changes in pricing by us, our competitors or suppliers; customer concentration; international sales; timing of new product announcements and releases by us or our competitors; ability to volume produce systems and meet customer requirements; sole or limited sources of supply; ability and resulting costs to attract or retain sufficient personnel to achieve our targets for a particular period; dilutive effect of employee stock option grants on net income per share, which is largely dependent upon us achieving and maintaining profitability and the market price of our stock; mix of products sold; rapid technological change and the importance of timely product introductions; outcome of litigation; changes in accounting policies or interpretations of such policies; manufacturing variances and production levels; timing and degree of success of technologies licensed to outside parties; product concentration and lack of product revenue diversification; inventory obsolescence; asset impairment; effects of certain anti-takeover provisions; future acquisitions; volatility of stock price; foreign government regulations and restrictions, the political restrictions in Taiwan regarding offshore investments and the exporting of sensitive technologies and jobs to certain countries; business interruptions due to natural disasters or utility failures; environmental regulations; and any adverse effects of terrorist attacks in the United States or elsewhere, or government responses thereto, or military actions in Iraq, Afghanistan and elsewhere, on the economy, in general, or on our business in particular. Such risks and uncertainties are described in Ultratech's SEC reports including its Annual Report on Form 10-K filed for the year ended December 31, 2005. Due to these and additional factors, the statements, historical results and percentage relationships set forth herein are not necessarily indicative of the results of operations for any future period. These forward-looking statements are based on management's current beliefs and expectations, some or all of which may prove to be inaccurate, and which may change. We undertake no obligation to revise or update any forward-looking statements to reflect any event or circumstance that may arise after the date of this release.

    About Ultratech: Ultratech, Inc. designs, manufactures and markets photolithography equipment used worldwide in the fabrication of semiconductor and nanotechnology devices, and has expanded its technology scope in pioneering laser processing technology for IC manufacturing. Founded in 1979, Ultratech is a market leader in gold and solder bump lithography. Its products are designed to substantially reduce the cost of ownership for manufacturers in the electronics industry. The company's home page on the World Wide Web is located at

    Ultratech, Inc.

    CONTACT: Bruce R. Wright, Senior Vice President & CFO, or
    Laura Rebouche, Vice President, Investor Relations and Corporate
    Communications,, both of Ultratech, +1-408-321-8835,
    or fax, +1-408-577-3379; or Angie Kellen, Account Director of MCA,
    +1-650-968-8900, or fax, +1-650-968-8990, or, for Ultratech

    Web site:

    /C O R R E C T I O N -- BellSouth Corporation/In the news release, "The Search for Summer Fun Takes Us to the Yellow Pages", issued yesterday, June 30, by BellSouth Corporation (NYSE: BLS) over PR Newswire, we are advised by the company that the last paragraph, third sentence, should read "approximately one billion annual searches on the YELLOWPAGES.COM Network" rather than "one billion monthly searches" as originally issued inadvertently. Complete, corrected release follows:The Search for Summer Fun Takes Us to the Yellow PagesReport Shows that the Demand for Summer Services Generates More Than 935 Million Yellow Pages References Annually*

    ATLANTA, June 30 /PRNewswire/ -- While conventional wisdom may be that people slow down and relax in the summer except for vacation planning, there is a large number of consumers that look to home-improvement and leisure activities to occupy their extra time. This increase in services can drive consumers to The Real Yellow Pages headings, including home-based summer services like lawn and pool care, travel services and hotel and car rental.

    In 2005 alone, users conducted more than 275 million yellow pages references for travel services, which included airline companies, hotels, automobile rental and leasing companies and travel agencies and bureaus. *

    According to the Bureau of Transportation Statistics, 33 percent of Americans took their annual vacation during the 16-week period between Memorial Day weekend and Labor Day weekend in 2005.** In the tourist-rich southeast, The Real Yellow Pages contains more than 23,000 listings for travel-related services, which can be found in The Real Yellow Pages' combined 500-plus directory editions. These directories provide customers with a plethora of options while also generating business for small and large travel companies alike.

    The most recent data from the American Nursery and Landscape Association shows that Americans spent $37.9 billion on another summer activity: professional landscaping including lawn and tree care services.*** The Yellow Pages Association shows that there were 234.6 million references for landscape, gardening and lawn-related services in 2005.* BellSouth's directories contain more than 20,000 listings for landscape and lawn care- related headings and 7,000 listings for pool-related services.

    "We see a big increase for our landscaping services in the summer. For my business and other seasonal-type businesses, the yellow pages is important to getting our names out to those shopping for quality landscaping services," said James Tackett, owner of JTL Landscaping in Roswell, Georgia.

    "The start of summer instigates the need for a multitude of services for all things related to the season including vacation and lawn and gardening needs," said Ken Ray, vice president of marketing for BellSouth Advertising & Publishing. "The Real Yellow Pages and YELLOWPAGES.COM offer outlets for people to find local businesses that will provide their essential summer travel information."

    - Number of National Yellow Pages References to Key Summer Headings* Airline companies -- 74.4 million Hotels -- 83.1 million Automobile renting and leasing -- 80.3 million Travel agencies and bureaus -- 37.1 million Landscaping services -- 78.9 million Lawn maintenance -- 48.1 million Tree service -- 39.3 million Pool services -- 9.4 million About BellSouth Advertising and Publishing

    BellSouth Advertising & Publishing Corporation (BAPCO) is the leading provider of Yellow Pages in the southeast. BAPCO publishes 68 million copies of the print Yellow Pages in more than 500 editions in the nine-state BellSouth region. Users referred to The Real Yellow Pages(R) from BellSouth approximately 1.6 billion times in 2005 and approximately one billion annual searches on the YELLOWPAGES.COM Network ( is expected in 2006. The Real Yellow Pages is a powerful information resource, linking buyers and sellers, with approximately 85 percent of consumers who reference the directories' most frequently used headings making a purchase based on their findings.

    *Yellow Pages Association 2005 Headings Data. **Bureau of Transportation and Statistics for 2005 -- ***American Nursery and Landscape Association Data -- 2003.

    BellSouth Corporation

    CONTACT: Ed Patterson of BellSouth Corporation, +1-678-406-2457, or
    mobile +1-404-213-3106, or

    Web site:

    Company News On-Call:

    Inter-Tel Reincorporates in Delaware

    TEMPE, Ariz., June 30 /PRNewswire-FirstCall/ -- Inter-Tel, Incorporated (and "the Company" or "Inter-Tel") announced today that the reincorporation of the Company from Arizona to Delaware became effective June 28, 2006. The reincorporation was approved by the Company's shareholders at the 2006 Annual Meeting of Shareholders held May 31, 2006. At the Shareholders' meeting, the shareholders of the Company also re-elected the Company's eleven (11) directors to serve for the ensuing year and approved a special resolution authorizing the Company's Board of Directors to include a provision (the "Provision") in the Certificate of Incorporation of the Delaware corporation requiring the approval of a majority of disinterested shareholders to effect certain business combination transactions involving interested parties. As a result, the Provision is included in the Certificate of Incorporation of Inter-Tel (Delaware), Incorporated due to the consummation of the reincorporation. Each outstanding share certificate representing shares of Inter-Tel's Common Stock shall be deemed for all purposes to represent the same number of shares of Inter-Tel (Delaware), Incorporated's Common Stock. Similarly, each outstanding option to purchase shares of Inter-Tel's Common Stock will automatically become an option to purchase the same number of shares of Inter-Tel (Delaware) Incorporated's Common Stock.

    About Inter-Tel, Incorporated

    Inter-Tel offers value-driven communications products; applications utilizing networks and server-based communications software; and a wide range of managed services that include voice and data network design and traffic provisioning, custom application development, and financial solutions packages. An industry-leading provider focused on the communication needs of business enterprises, Inter-Tel employs approximately 1,900 communications professionals, and services business customers through a network of 60 company-owned, direct sales offices and approximately 350 authorized providers in North America, Europe, Australia and South Africa. More information is available at

    Inter-Tel, Incorporated

    CONTACT: Norman Stout, Chief Executive Officer, or Kurt R. Kneip, Sr.
    Vice President and CFO, both of Inter-Tel, Incorporated, +1-480-449-8900

    Web site:

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