Companies news of 2016-05-23 (page 1)

  • Cheetah Mobile and Google share AdMob native ad success with video case study
  • TriNet to Participate at the Stifel 2016 Technology, Internet & Media Investor Conference
  • AT&T Invests More Than $750 Million Over 3-Year Period to Enhance Local Networks in San...
  • Zhaopin Limited Reports Third Quarter Fiscal Year 2016 Financial Results
  • Tarena International, Inc. Announces First Quarter 2016 ResultsFirst Quarter Net Revenues...
  • Actions Semiconductor Special Committee Appoints Counsel
  • Salesforce Named #1 CRM Software Provider in Gartner's Market Share Analysis: Customer...
  • NetEase Showcases New PC and Mobile Games at Second Annual Game Enthusiasts' Day
  • Gogo Inc. Announces Pricing of $525 Million Senior Secured Notes Offering
  • xG Technology Reports First Quarter 2016 Results and Conference Call
  • Microchip Technology To Present At The JP Morgan Global Technology, Media & Telecom...
  • Dynatronics Announces Transition in Executive Management
  • Vuzix to Present at SID/Cowen 2016 Display Investor Conference
  • TI executives to speak at upcoming investor conferencesLive webcasts at...
  • Georgia Power Social Media Center opens in AtlantaCompany expanding and enhancing online...
  • Tempus Applied Solutions Receives FAA Approval For FANS/ADS-B ModificationsSupplemental...
  • Synopsys Completes Acquisition of Gold Standard Simulations
  • The World's First Metro to Run on Solar Energy Powered by Total and SunPowerAgreement will...
  • PR Newswire Case Study Explores How St. Baldrick's Increased Brand Awareness With...
  • Synopsys Launches Pre-Wafer Simulation Solution to Reduce Semiconductor Process...
  • Businesses Using NetSuite Now Have Direct Access to Dun & Bradstreet's Proprietary...
  • Jason Carr joining WDIV-Local 4/ClickOnDetroit as Digital AnchorJoins "Local 4 News Today"...
  • AT&T Invests More Than $1 Billion Over 3 -Year Period to Enhance Local Networks in...
  • Alliant Energy names Dirk Mahling Vice President of Technology
  • CUR Media's Chairman and CEO, Jim Urie to Appear on "Kennedy" on FOX Business News Tonight...
  • Nanosys and Hitachi Chemical Partner to Accelerate Adoption of Quantum Dot Technology for...
  • RiT Technologies Reports on Recent Events and Business Situation
  • AT&T Invests More Than $100 Million Over 3-Year Period to Enhance Local Networks in South...
  • Mentor Graphics Launches Unique MicReD Power Tester 600A Solution for Electric and Hybrid...



    Cheetah Mobile and Google share AdMob native ad success with video case study

    SAN FRANCISCO, May 23, 2016 /PRNewswire/ -- Cheetah Mobile Inc. and Google today shared a video case study of their successful partnership using AdMob's mobile native ad offering. The video, which first debuted at the Google I/O developer conference in San Francisco last week, highlights the 400% revenue uplift that Cheetah Mobile saw in its popular Battery Doctor app during the AdMob native ads beta.

    The joint study follows Google's full launch of AdMob native ads express last week. Cheetah Mobile plans to integrate AdMob native ads into its other chart-topping apps.

    The customer success video also described how Cheetah Mobile's partnership with Google has helped the company build and monetize a global business. The two companies look forward to a deeper cooperation through the AdMob platform.

    "Cheetah Mobile has seen impressive performance from AdMob's native ads," said Scarlett Xiao, Senior Vice President, Global Marketing and Business Development at Cheetah Mobile. "Native ads offer users a much better experience, so we're delighted that AdMob is making them available to even more publishers around the world."

    In just a few short years, Cheetah Mobile has risen to become one of the top app developers on Google Play with over 651 million mobile monthly active users and 2.76 billion installations, as of March 31, 2016. Since announcing the global launch of its Cheetah Ad Platform in June 2015, Cheetah Mobile has become a leading player in the adoption of native ads across the mobile industry.

    About Cheetah Mobile Inc.

    Cheetah Mobile is the world's leading mobile security and utility app developer. Its flagship products include Clean Master, the world's No. 1 cleaning app, and also CM Security, the world's top anti-virus and privacy protection app.

    Cheetah Mobile is also one of the top three mobile game developers in the world, with its mobile game Piano Tiles 2 having reached the No. 1 ranking in more than 150 countries globally on both iOS and Android.

    Its other mission-critical applications include Battery Doctor, CM Locker, Photo Grid, and more. In June 2015, Cheetah Mobile introduced the Cheetah Ad Platform to the global market.

    As of March 31, 2016, Cheetah Mobile had approximately 2.76 billion global installations and 651 million global mobile monthly active users. Five of Cheetah Mobile's products have entered the top 40 in Google Play's global top app charts.

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/cheetah-mobile-and-google-share-admob-native-ad-success-with-video-case-study-300273292.html

    Cheetah Mobile

    CONTACT: Press contact: Josh Ong, press@cmcm.com, +1-415-684-3947




    TriNet to Participate at the Stifel 2016 Technology, Internet & Media Investor Conference

    SAN LEANDRO, Calif., May 23, 2016 /PRNewswire/ -- TriNet Group, Inc. , a leading cloud-based provider of HR services, today announced that Burton M. Goldfield, president and CEO, will be presenting at the Stifel 2016 Technology, Internet & Media Investor Conference in San Francisco, CA on Tuesday, June 7, 2016 at 10:55 a.m. PT (1:55 p.m. ET).

    A live webcast and replay of the session will be available on the Investor Relations section of TriNet's website at investor.trinet.com.

    About TriNet
    TriNet is a leading provider of a comprehensive human resources solution for small to medium-sized businesses, or SMBs. We enhance business productivity by enabling our clients to outsource their human resources, or HR, function to one strategic partner and allowing them to focus on operating and growing their core businesses. Our HR solution includes services such as payroll processing, human capital consulting, employment law compliance and employee benefits, including health insurance, retirement plans and workers compensation insurance. Our services are delivered by our expert team of HR professionals and enabled by our proprietary, cloud-based technology platform, which allows our clients and their employees to efficiently conduct their HR transactions anytime and anywhere. For more information, please visit http://www.trinet.com.

    Contacts Investors: Media: Alex Bauer Jock Breitwieser TriNet TriNet investorrelations@TriNet.com Jock.Breitwieser@TriNet.com (510) 875-7201 (510) 875-7250

    TriNet, Ambitions Realized and the TriNet logo are registered trademarks of TriNet. All other trademarks, service marks, registered trademarks, or registered service marks are the property of their respective owners.

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/trinet-to-participate-at-the-stifel-2016-technology-internet--media-investor-conference-300273389.html

    TriNet Group, Inc.

    Web site: http://www.trinet.com/




    AT&T Invests More Than $750 Million Over 3-Year Period to Enhance Local Networks in San Diego Area

    SAN DIEGO, May 23, 2016 /PRNewswire/ -- At AT&T(1), we've invested more than $750 million in our San Diego wireless and wired networks during 2013-2015. These investments drive upgrades to enhance reliability, coverage, speed and overall performance for residents and businesses. They also enhance critical services that support public safety and first responders.

    In 2015, AT&T made 9 wireless network upgrades in the San Diego area. We added 7 new cell sites and 2 new network capacity upgrades. Additionally, we expanded the reach of our network.

    "We're committed to providing our customers fast, reliable, highly secure connectivity to the Internet almost anywhere, at any moment and from almost any device," said Ignacio De La Torre, Regional Vice President, AT&T External Affairs. "AT&T's continued investment in the San Diego area brings a host of new, innovative opportunities for residents and businesses to connect with each other and their customers."

    The AT&T LTE network covers 365 million people in North America. In 2015, we made these San Diego network enhancements:

    --  4G LTE cell site enhancements throughout San Diego County to improve
    coverage for area residents and businesses
    

    "The San Diego region continues to be a growing hub for innovation companies, and the success of our entrepreneurs relies on a cutting-edge digital communications network," said Greg McKee, President and Chief Executive Officer, CONNECT. "AT&T continues to invest in advanced communications infrastructure. Not only will this enable our region to have the best possible network, it ensures the region can remain competitive and helps keep these great companies and high-tech jobs here."

    In 2016, for the second year in a row, FORTUNE magazine recognized AT&T as the Most Admired Telecommunications Company in the world. We also placed #48 among the Top 50 World's Most Admired companies in the world. This is our third year in a row on the Top 50 list--AT&T is the only communications company on the list. The company ranked #1 in all 9 attributes. This includes innovation, financial soundness and quality of products/services. FORTUNE's Most Admired Companies lists are among the most highly respected indicators of corporate performance and reputation.

    We offer Internet customers a great combination of speed and price. AT&T high-speed Internet(2) customers have access to our entire national AT&T Wi-Fi Hot Spot Network at no additional charge(3). ( )We also offer our award-winning DIRECTV(R) service to eligible locations. Customers may be eligible for AT&T U-verse TV service, a 100% digital service available over our advanced network. In 2015, Woman's Choice Awards(R) named AT&T U-verse "America's Most Recommended Brand among women for Broadband, Television and Phone Service."

    AT&T GigaPower offers our fastest Internet speeds, up to 1Gbps(4) over a 100% fiber network to more than 1.5 million locations across 20 major metro areas. We've announced plans to expand the availability of Internet speeds up to 1Gbps to homes, apartments and small businesses in parts of 36 additional cities across the U.S.--which will total at least 56 metros served.

    We plan to continue to roll out our fastest Internet services over a 100% fiber network to reach more than 14 million additional residential and commercial locations.

    We have big plans for 2016. We'll be giving you the ability to access and stream DIRECTV video services over a wired or wireless Internet connection from any provider and from virtually any device - smartphone, tablet, Smart TV, streaming media hardware or PC. We plan for each service to come with a set number of simultaneous sessions. These services will not require annual contracts, satellite dishes or set-top boxes.

    We have an extensive Wi-Fi network with more than 40,000 AT&T Wi-Fi Hot Spots at popular restaurants, hotels, bookstores and retailers. And we provide access to Wi-Fi at more 1 million locations around the world. Most AT&T smartphone customers and home Internet customers get access to our entire national Wi-Fi network at no additional cost. Wi-Fi usage doesn't count towards customers' monthly wireless data plans(5).

    To learn more about our coverage in San Diego or anywhere in the U.S., visit the AT&T Coverage Viewer. For updates on the AT&T wireless network, please visit the AT&T network news page.

    Cautionary Language Concerning Forward-Looking Statements
    Information set forth in this news release contains financial estimates and other forward- looking statements that are subject to risks and uncertainties, and actual results may differ materially. A discussion of factors that may affect future results is contained in AT&T's filings with the Securities and Exchange Commission. AT&T disclaims any obligation to update or revise statements contained in this news release based on new information or otherwise.

    About AT&T
    AT&T Inc. helps millions around the globe connect with leading entertainment, mobile, high speed Internet and voice services. We're the world's largest provider of pay TV. We have TV customers in the U.S. and 11 Latin American countries. We offer the best global coverage of any U.S. wireless provider. * And we help businesses worldwide serve their customers better with our mobility and highly secure cloud solutions.

    Additional information about AT&T products and services is available at http://about.att.com. Follow our news on Twitter at @ATT, on Facebook at http://www.facebook.com/att and YouTube at http://www.youtube.com/att.

    (C) 2016 AT&T Intellectual Property. All rights reserved. AT&T, the Globe logo and other marks are trademarks and service marks of AT&T Intellectual Property and/or AT&T affiliated companies. All other marks contained herein are the property of their respective owners.

    *Global coverage claim based on offering discounted voice and data roaming; LTE roaming; voice roaming; and world-capable smartphone and tablets in more countries than any other U.S. based carrier. International service required. Coverage not available in all areas. Coverage may vary per country and be limited/restricted in some countries.

    To define a market, we rely on the Core Based Statistical Areas (CBSA), as established by the United States Office of Management and Budget. Minor differences, if any, between annual totals reflect annual updating of market boundaries in our record systems.


    (1) AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc.
    (2) Geographic and service restrictions apply to AT&T U-verse services. Call or go to www.att.com/u-verse to see if you qualify.
    (3 )Access includes AT&T Wi-Fi Basic. Wi-Fi enabled device required. Other restrictions apply. See www.attwifi.com for details and locations.
    (4) Internet speed claims represent maximum network service capability speeds. Actual customer speeds may vary based on factors including site traffic, content provider server capacity, internal network management factors, and device capabilities and are not guaranteed. For more information, go to att.com/speed101.
    (5) A Wi-Fi enabled device required. Other restrictions apply. See attwifi.com for details and locations.

    http://photos.prnewswire.com/prnvar/20120612/DA23287LOGO

    Logo - http://photos.prnewswire.com/prnh/20120612/DA23287LOGO

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/att-invests-more-than-750-million-over-3-year-period-to-enhance-local-networks-in-san-diego-area-300273430.html

    Photo: http://photos.prnewswire.com/prnh/20120612/DA23287LOGO AT&T

    CONTACT: Anna Crowe, AT&T Corporate Communications, Phone: 619.261.1890,
    Email: acrowe@crowepr.com

    Web site: http://www.att.com/




    Zhaopin Limited Reports Third Quarter Fiscal Year 2016 Financial Results

    BEIJING, May 23, 2016 /PRNewswire/ -- Zhaopin Limited ("Zhaopin" or the "Company"), a leading career platform in China focused on connecting users with relevant job opportunities through their career lifecycle, today announced its unaudited financial results for the third quarter ended March 31, 2016.

    Throughout the release, one ADS represents two Class A ordinary shares. Fiscal year refers to the 12 months ended June 30.

    Third Quarter Fiscal Year 2016 Financial Highlights

    Percentage growth metrics refer to third quarter fiscal year 2016 ("Q3 FY16") compared to third quarter fiscal year 2015 ("Q3 FY15")

    --  Total revenue increased 19.1% to RMB378.1 million (US$58.6 million).
    --  Online recruitment services revenue increased 23.7% to RMB323.8 million
    (US$50.2 million).
    --  Gross margin was 91.1%, compared with 89.2% in Q3 FY15.
    --  Net income increased 6.4% to RMB61.8 million (US$9.6 million).
    --  Excluding share-based compensation expenses and a reversal of previously
    recognized share-based compensation expenses in Q3 FY16, non-GAAP[1] net
    income decreased 14.2% to RMB54.9 million (US$8.5 million).
    --  Basic and diluted net income per ADS was RMB1.12 (US$0.18) and RMB1.08
    (US$0.16), respectively.
    --  Non-GAAP basic and diluted net income per ADS was RMB1.00 (US$0.16) and
    RMB0.96 (US$0.14), respectively.
    

    [1] Non-GAAP results exclude share- based compensation. Explanation of the Company's non-GAAP financial measures and related reconciliations to GAAP financial measures are included in the accompanying "Non-GAAP Financial Measures" and "Reconciliation of GAAP and Non-GAAP Results".

    "We are pleased with our top line growth in the third quarter, with total revenue reaching RMB378million, 19.1% higher than one year ago. This was driven by a strong result in online recruitment services revenue growth of 23.7% underpinned by ongoing strong growth in the number of unique customers[2] which, at 352,379 grew by 20.9% year over year," commented Mr. Evan Guo, Chief Executive Officer and Director of Zhaopin.

    "Whilst overall macro conditions are subdued, Zhaopin continues to deliver strong revenue as a result of our focus on the high growth service sectors in the economy, benefits from the ongoing urbanisation in lower tier cities and the positive effect re-investment activities had on our business. Zhaopin's current and prior period re-investment has strengthened our market leadership[3] across both job seekers and employers. For example, increased spending on marketing has increased customer awareness of Zhaopin's career-related products and services. In order to provide more efficient recruitment products, we invested in research and development to innovate new products such as "Direct Interview Scheduling" and upgrade Zhaopin App. Innovative new services like National Employability Test ("NET") continues to gain influence with the support we provide, as a way to differentiate the Company from our competitors."

    "The recently launched NET program is a great example of how Zhaopin is developing innovative solutions to redefine China's employment landscape. The NET program is designed to help graduates develop a better understanding of their overall potential including an assessment of their strengths and weaknesses, and their skills, independent of their matriculating institution. It provides employers with a baseline measure to evaluate participating graduates as the test assesses and focuses on the intrinsic talents of graduates. This initiative is expected to reduce the mismatch between demand and supply in the labor market. Over the next two months, Zhaopin and the All-China Women's Federation plan to run a NET project that is expected to cover 200 universities and assist over 1 million university students in their efforts to find a job or start their own business."

    "I am particularly proud of our ability to be a part of China's economic rebalancing by focusing on the needs of job seekers and employers and being innovative and creative. I believe NET and our other business initiatives will contribute to our growth." concluded Mr. Evan Guo.

    [2] A "unique customer" refers to a customer that purchases the Company's online recruitment services during a specified period. Zhaopin makes adjustments for multiple purchases by the same customer to avoid double counting. Each customer is assigned a unique identification number in the Company's information management system. Affiliates and branches of a given customer may, under certain circumstances, be counted as separate unique customers. [3] Zhaopin's website is the most popular career platform in China as measured by average daily unique visitors in each of the 12 months ended March 31, 2016, the number of registered users as of March 31, 2016 and the number of unique customers for the three months ended March 31, 2016.

    Third Quarter Fiscal Year 2016 Unaudited Financial Results

    Revenue

    Total revenue was RMB378.1 million (US$58.6 million) in Q3 FY16, an increase of 19.1% from RMB317.5 million in Q3 FY15.

    Online recruitment services revenue for Q3 FY16 was RMB323.8 million (US$50.2 million), a 23.7% increase from RMB261.7 million for Q3 FY15. The increase was primarily driven by growth in the number of unique customers using the Company's online recruitment services. The Company served 352,379 unique customers during Q3 FY16, representing a 20.9% increase compared with 291,563 unique customers served during Q3 FY15. We believe our strategic focus on continued geographic expansion and improvement in customer service contributed to the growth in unique customers. Average revenue per unique customer ("ARPU") increased slightly by 2.4% during Q3 FY16 compared with Q3 FY15. The slight increase in ARPU was primarily due to the introduction of new products and the cross-selling and up-selling of value-added services. This was partially offset by downward pressure on ARPU from the acquisition of new customers, who typically purchase lower-priced products at first. Zhaopin's ARPU may vary quarter-to-quarter.

    Other services revenue for Q3 FY16 was RMB54.3 million (US$8.4 million), a decrease of 2.5% from RMB55.7 million during Q3 FY15. Despite continued high growth in the Company's assessment services, other services revenue decreased primarily due to a decrease in campus recruitment services as a result of decreasing demand and intensified competition.

    Other services revenue refers to revenue from campus recruitment services, assessment services, and other human resource related services. These services complement the Company's core online employment services, by catering to the different needs in a job seeker's career life cycle, from college to graduation, first time job seeking through changing jobs. Strategically, these services play an important role in establishing and deepening Zhaopin's relationship with job seekers and employers.

    Gross Profit and Gross Margin

    Gross profit for Q3 FY16 was RMB339.6 million (US$52.7 million), an increase of 21.6% from RMB279.3 million for Q3 FY15.

    Gross margin for Q3 FY16, as measured by gross profit as a percentage of net revenue, was 91.1%, compared to 89.2% for Q3 FY15. The slight increase in gross margin was mainly due to a decrease in revenue from campus recruitment services, which usually have lower gross margins than online recruitment services.

    Operating Expenses

    Operating expenses for Q3 FY16 were RMB273.8 million (US$42.5 million), representing an increase of 26.5% from RMB216.4 million for Q3 FY15.

    --  Sales and marketing expenses for Q3 FY16 were RMB210.3 million (US$32.6
    million), representing an increase of 34.4% from RMB156.4 million for Q3
    FY15. The increase was primarily due to increases in sales headcount and
    compensation, advertising and NET related marketing activities. As a
    percentage of net revenue, sales and marketing expenses increased from
    50.0% for Q3 FY15 to 56.4% for Q3 FY16 primarily as a result of
    increased spending on online advertising, investment in new business
    initiatives and business development activities which assisted in
    increasing Zhaopin's market share amongst job seekers and employers.
    Sales and marketing expenses for Q3 FY16 included no share-based
    compensation expenses, compared with RMB0.05 million in Q3 FY15.
    --  General and administrative expenses for Q3 FY16 were RMB63.6 million
    (US$9.9 million), representing a 5.9% increase from RMB60.0 million for
    Q3 FY15. The increase was primarily driven by increases in employee
    compensation expenses, which were largely offset by an RMB12.7 million
    (US$2.0 million) decline in share-based compensation expenses mainly due
    to the reversal of RMB9.0 million (US$1.4 million) in share-based
    compensation previously recognized for forfeited stock options. As a
    percentage of net revenue, general and administrative expenses decreased
    from 19.2% for Q3 FY15 to 17.0% for Q3 FY16.
    

    Income from Operations

    Income from operations for Q3 FY16 was RMB65.8 million (US$10.2 million), representing a 4.7% increase from RMB62.8 million for Q3 FY15. Operating margin, as measured by income from operations as a percentage of net revenue, was 17.6% in Q3 FY16, compared with 20.1% in Q3 FY15. In Q3 FY16, the Company reversed share-based compensation expenses which offset operating expenses by RMB6.9 million (US$1.1 million). Share-based compensation expense was RMB5.9 million in Q3 FY15. Excluding share-based compensation expenses, non-GAAP income from operations for Q3 FY16 was RMB58.9 million (US$9.1 million), as compared with RMB68.7 million during Q3 FY15. Excluding share-based compensation expenses, operating margin would be 15.8% in Q3 FY16, compared with 21.9% in Q3 FY15.

    Investment and Interest Income, net

    Net investment and interest income for Q3 FY16 was RMB7.2 million (US$1.1 million), representing a 16.6% increase from RMB6.2 million for Q3 FY15. The growth in net investment and interest income resulted from increased interest and investment income from larger bank deposits generated from business operations and investments in time deposits and principal-protected wealth management products as well as interest expense savings due to the repayments of bank loan principal.

    Other Income, net

    Other income for Q3 FY16 was RMB0.1 million (US$0.01 million), representing a 91.5% decrease compared with RMB0.9 million for Q3 FY15. Other income for Q3 FY15 mainly represented the fair value change of a cross-currency interest rate swap arrangement with an international bank.

    Net Income

    Net income for Q3 FY16 was RMB61.8 million (US$9.6 million), representing a 6.4% increase when compared with RMB58.1 million for Q3 FY15. Effective tax rate decreased from 17.3% for Q3 FY15 to 15.4% for Q3 FY16 primarily due to reversal of share-based compensation expenses, which are non-taxable.

    Non-GAAP net income for Q3 FY16 was RMB54.9 million (US$8.5 million), a 14.2% decrease from RMB63.9 million for Q3 FY15.

    Basic and Diluted Net Income per ADS

    Basic and diluted net income per ADS for Q3 FY16 were RMB1.12 (US$0.18) and RMB1.08 (US$0.16), respectively, compared with basic and diluted net income per ADS of RMB1.10 and RMB1.02, respectively, for Q3 FY15.

    Non-GAAP basic and diluted net income per ADS for Q3 FY16 were RMB1.00 (US$0.16) and RMB0.96 (US$0.14), respectively, compared with non-GAAP basic and diluted net income per ADS of RMB1.22 and RMB1.14, respectively, for Q3 FY15.

    Cash and Cash Equivalents, Restricted Cash and Time Deposits

    As of March 31, 2016, the Company had cash and cash equivalents, restricted cash and time deposits of RMB2,131.9 million (US$330.6 million), representing a 11.6% increase from RMB1,910.1 million as of June 30, 2015. The increase in the Company's cash and cash equivalents, restricted cash and time deposits was mainly attributable to strong net cash flows generated from operating activities, which was partially offset by the repayment of a US$20 million bank loan in Q3 FY16.

    Net cash flow generated from operating activities in Q3 FY16 amounted to RMB101.1 million (US$15.7 million), representing an increase of 30.7% from RMB78.6 million in the same period of last fiscal year. The strong growth in operating cash flow is mainly attributable to increased revenue collection from sales, which is partially offset by employee compensation payments, marketing expenditures and tax payments.

    Nine Months Ended March 31, 2016 Unaudited Financial Results

    Total revenue for the nine months ended March 31, 2016 was RMB1,136.8 million (US$176.3 million), an increase of 19.3% from RMB952.8 million for the same period in fiscal year 2015.

    Online recruitment services revenue for the nine months ended March 31, 2016 was RMB956.8 million (US$148.4 million), a 22.9% increase from RMB778.6 million for the same period of fiscal year 2015.

    Gross profit for the nine months ended March 31, 2016 was RMB1,018.1 million (US$157.9 million), an increase of 20.1% from RMB847.5 million for the same period in fiscal year 2015.

    Income from operations for the nine months ended March 31, 2016 increased 4.0% to RMB211.2 million (US$32.8 million) from RMB203.0 million for the same period in fiscal year 2015.

    Net income for the nine months ended March 31, 2016 was RMB194.2 million (US$30.1 million), representing an 8.2% increase from RMB179.5 million for the same period in fiscal year 2015.

    Non-GAAP net income for the nine months ended March 31, 2016 was RMB196.7 million (US$30.5 million), a 1.8% decrease from RMB200.4 million for the same period in fiscal year 2015.

    Basic and diluted net income per ADS for the nine months ended March 31, 2016 were RMB3.56 (US$0.56) and RMB3.40 (US$0.52) respectively, compared with basic and diluted net income per ADS of RMB3.48 and RMB3.18, respectively for the same period in fiscal year 2015.

    Non-GAAP basic and diluted net income per ADS for the nine months ended March 31, 2016 were RMB3.60 (US$0.56) and RMB3.44 (US$0.54) respectively, compared with non-GAAP basic and diluted net income per ADS of RMB3.88 and RMB3.56, respectively for the same period in fiscal year 2015.

    Status of Preliminary Non-Binding Proposal

    On January 19, 2016, the Company announced that its board of directors (the "Board") had received a preliminary non-binding proposal letter, dated January 19, 2016, from CDH V Management Company Limited and Shanghai Goliath Investment Management L.P. , proposing to acquire all outstanding ordinary shares in Zhaopin not owned by Zhaopin's controlling shareholder SEEK International Investments Pty Ltd for US$17.50 in cash per American depositary share ("ADS"), or US$8.75 per ordinary share of the Company, in a going-private transaction.

    On February 1, 2016, the Board formed a special committee (the "Special Committee") consisting of two independent and disinterested directors, Mr. Alex Chit Ho and Mr. Peter Andrew Schloss, to consider the January 19 going-private proposal.

    On March 2, 2016, the Company announced that the Special Committee had retained Duff & Phelps, LLC as its independent financial advisor and Fenwick & West LLP as its U.S. legal counsel to assist it in this process.

    On May 5, 2016, the Company announced that the Board had received a preliminary non-binding proposal letter, dated May 5, 2016, from Mr. Evan Sheng Guo, director and chief executive officer of the Company, Mr. Ge Wang, vice president of the Company, Mr. Weigang Wang, vice president of the Company, Mr. Luyang Tang, vice president of the Company, Mr. Tianruo Pu, chief financial officer of the Company, and Sequoia China Investment Management LLP (together, the "Management Buyer Group"), proposing to acquire all outstanding ordinary shares in Zhaopin not owned by the Management Buyer Group for US$17.75 in cash per ADS, or US$8.875 per ordinary share of the Company, in a going-private transaction. The Special Committee will also consider this going-private proposal in due course.

    Due to the potential pending transaction, Zhaopin will not be providing an outlook statement.

    Exchange Rate

    This announcement contains translations of certain Renminbi amounts into U.S. dollars at specified rates solely for the convenience of readers. Unless otherwise noted, all translations from Renminbi to U.S. dollars were made at the exchange rate of RMB6.4480 to US$1.00, as set forth in the H.10 statistical release of the Federal Reserve Board on March 31, 2016.

    Use of Non-GAAP Financial Measures

    To supplement the consolidated financial statements presented in accordance with United States Generally Accepted Accounting Principles (GAAP), Zhaopin uses non-GAAP measures of adjusted income from operations, adjusted net income, adjusted net income per share and adjusted net income per ADS, which are adjusted from results based on GAAP to exclude share-based compensation expenses. The Company believes that excluding share-based compensation expenses from its non-GAAP financial measures is useful for its management and investors to assess and analyze the Company's core operating results as such expenses are not directly attributable to the underlying performance of the Company's business operations and do not impact its cash earnings. Zhaopin also believes these non-GAAP measures excluding share-based compensation expenses, are important in helping investors to understand the Company's current financial performance and future prospects and to compare business trends among different reporting periods on a consistent basis. The presentation of these additional measures should not be considered a substitute for or superior to GAAP results or as being comparable to results reported or forecasted by other companies. The non-GAAP measures have been reconciled to GAAP measures in the attached financial statements.

    Conference Call

    Zhaopin's management will host an earnings conference call on Monday, May 23, 2016 at 9:00 p.m. U.S. Eastern Time (9:00 a.m. Beijing/ Hong Kong Time on May 24, 2016).

    Dial-in details for the earnings conference call are as follows:

    International: +1-412-902-4272 U.S. Toll Free: +1-888-346-8982 Hong Kong Toll Free: 800-905945 Mainland China Toll Free: 4001-201203 Passcode: ZPIN

    Please dial in 15 minutes before the call is scheduled to begin and provide the passcode to join the call.

    A telephone replay of the call will be available after the conclusion of the conference call through 8:00 p.m. U.S. Eastern Time, May 30, 2016. The dial-in details for the replay are as follows:

    International: +1-412-317-0088 U.S. Toll Free: +1-877-344-7529 Passcode: 10085609

    Additionally, a live and archived webcast of the conference call will be available on the Investor Relations section of Zhaopin's website at http://www.zhaopin.com.

    About Zhaopin Limited

    Zhaopin is a leading career platform in China, focusing on connecting users with relevant job opportunities throughout their career lifecycle. The Company's zhaopin.com website is the most popular career platform in China as measured by average daily unique visitors in each of the 12 months ended March 31, 2016, number of registered users as of March 31, 2016 and number of unique customers for the three months ended March 31, 2016. The Company's over 115.3 million registered users include diverse and educated job seekers who are at various stages of their careers and are in demand by employers as a result of the general shortage of skilled and educated workers in China. In the fiscal year ended June 30, 2015, approximately 25.6 million job postings[4] were placed on Zhaopin's platform by 418,423 unique customers including multinational corporations, small and medium-sized enterprises and state-owned entities. The quality and quantity of Zhaopin's users and the resumes in the Company's database attract an increasing number of customers. This in turn leads to more users turning to Zhaopin as their primary recruitment and career- related services provider, creating strong network effects and significant entry barriers for potential competitors. For more information, please visit http://www.zhaopin.com.

    Safe Harbor Statements

    This press release contains forward-looking statements made under the "safe harbor" provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Zhaopin may also make written or oral forward-looking statements in its reports filed with or furnished to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including statements about Zhaopin's beliefs and expectations, are forward-looking statements that involve factors, risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such factors and risks include, but not limited to the following: Zhaopin's goals and strategies; its future business development, financial condition and results of operations; its ability to retain and grow its user and customer base for its online career platform; the growth of, and trends in, the markets for its services in China; the demand for and market acceptance of its brand and services; competition in its industry in China; its ability to maintain the network infrastructure necessary to operate its website and mobile applications; relevant government policies and regulations relating to the corporate structure, business and industry; and its ability to protect its users' information and adequately address privacy concerns. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. All information provided in this press release is current as of the date of the press release, and Zhaopin does not undertake any obligation to update such information, except as required under applicable law.

    [4] Zhaopin calculates the number of job postings by counting the number of newly placed job postings during each respective period. Job postings that were placed prior to a specified period -even if available during such period -are not counted as job postings for such period. Any particular job posting placed on the Company's website may include more than one job opening or position.

    ZHAOPIN LIMITED CONSOLIDATED STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME ------------------------------------------------------------- (Amounts in thousands, except for number of shares and ADS and per For the Three Months Ended share and per ADS data) ---------------------- March 31, 2015 March 31, 2016 March 31, 2016 -------------- -------------- -------------- RMB RMB US$ (Unaudited) (Unaudited) (Unaudited) Revenue Online recruitment services 261,747 323,807 50,218 Other services revenue 55,703 54,303 8,421 Total Revenue 317,450 378,110 58,639 Less: Business tax and surcharges (4,413) (5,210) (808) Net Revenue 313,037 372,900 57,831 Cost of services (33,759) (33,290) (5,163) ------- ------- ------ Gross profit 279,278 339,610 52,668 ------- ------- ------ Operating expenses: Sales and marketing expenses (156,442) (210,263) (32,609) General and administrative expenses (60,001) (63,557) (9,857) Total operating expenses (216,443) (273,820) (42,466) -------- -------- ------- Income from operations 62,835 65,790 10,202 Other income/ (expenses): Foreign currency exchange gain/ (loss) 319 (15) (2) Investment and interest income, net 6,166 7,188 1,115 Other income, net 904 77 12 --- --- --- Income before income tax expenses 70,224 73,040 11,327 Income tax expenses (12,138) (11,243) (1,744) ------- ------ Net income 58,086 61,797 9,583 Less: Net income attributable to the non-controlling (307) (36) (6) interest shareholders Net income attributable to Zhaopin Limited's 57,779 61,761 9,577 shareholders Net income per share: -Basic 0.55 0.56 0.09 -Diluted 0.51 0.54 0.08 Net income per ADS: -Basic 1.10 1.12 0.18 -Diluted 1.02 1.08 0.16 Weighted average number of shares used in computing net income per share: -Basic 104,215,054 109,565,681 109,565,681 -Diluted 112,252,634 114,085,918 114,085,918 Comprehensive income: Net income 58,086 61,797 9,583 Foreign currency translation adjustment, net of tax 592 (1,476) (229) --- ------ ---- Total comprehensive income 58,678 60,321 9,354 ====== ====== =====

    ZHAOPIN LIMITED CONSOLIDATED STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME ------------------------------------------------------------- (Amounts in thousands, except for number of shares and ADS and per For the Nine months Ended share and per ADS data) ---------------------- March 31, 2015 March 31, 2016 March 31, 2016 -------------- -------------- -------------- RMB RMB US$ (Unaudited) (Unaudited) (Unaudited) Revenue Online recruitment services 778,634 956,790 148,386 Other services revenue 174,190 179,960 27,910 Total Revenue 952,824 1,136,750 176,296 Less: Business tax and surcharges (13,879) (15,621) (2,423) Net Revenue 938,945 1,121,129 173,873 Cost of services (91,456) (102,991) (15,973) ------- -------- ------- Gross profit 847,489 1,018,138 157,900 ------- --------- ------- Operating expenses: Sales and marketing expenses (455,266) (582,552) (90,346) General and administrative expenses (189,250) (224,414) (34,804) Total operating expenses (644,516) (806,966) (125,150) -------- -------- -------- Income from operations 202,973 211,172 32,750 Other income/ (expenses): Foreign currency exchange gain 47 47 7 Investment and interest income, net 14,821 20,467 3,174 Other (expenses)/ income, net (1,159) 5,241 813 ------ ----- --- Income before income tax expenses 216,682 236,927 36,744 Income tax expenses (37,193) (42,739) (6,628) ------- ------ Net income 179,489 194,188 30,116 Less: Net income attributable to the non-controlling (872) (404) (63) interest shareholders Net income attributable to Zhaopin Limited's 178,617 193,784 30,053 shareholders Net income per share: -Basic 1.74 1.78 0.28 -Diluted 1.59 1.70 0.26 Net income per ADS: -Basic 3.48 3.56 0.56 -Diluted 3.18 3.40 0.52 Weighted average number of shares used in computing net income per share: -Basic 102,874,054 109,013,863 109,013,863 -Diluted 112,035,365 114,012,394 114,012,394 Comprehensive income: Net income 179,489 194,188 30,116 Foreign currency translation adjustment, net of tax (469) 12,949 2,008 ---- ------ ----- Total comprehensive income 179,020 207,137 32,124 ======= ======= ======


    CONSOLIDATED BALANCE SHEETS --------------------------- (Amounts in thousands, except for number of shares) As of June 30, As of March 31, ---------------------------------------------------------------------------------------------------------------- --------------- ------------ 2015 2016 2016 ---- ---- ---- RMB RMB US$ (Unaudited) (Unaudited) ASSETS Current assets: Cash and cash equivalents 1,368,943 1,504,794 233,374 Restricted cash 6,103 - - Time deposits and restricted time deposits 324,553 545,560 84,609 Accounts receivable, net 21,300 24,687 3,829 Amounts due from a related party 858 576 89 Prepayments and other current assets 157,291 148,682 23,057 Deferred tax assets 20,188 29,422 4,563 Total current assets 1,899,236 2,253,721 349,521 --------- --------- ------- Non-current assets: Restricted time deposits 210,471 81,573 12,651 Property and equipment, net 49,706 51,459 7,981 Intangible assets, net 19,457 20,473 3,175 Goodwill 62,548 64,827 10,054 Other non-current assets 4,136 4,430 687 Deferred tax assets 2,491 2,791 433 Total non-current assets 348,809 225,553 34,981 ------- ------- ------ TOTAL ASSETS 2,248,045 2,479,274 384,502 ========= ========= ======= LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Current portion of long-term bank loans 121,584 116,144 18,012 Accounts payable 7,034 7,967 1,236 Deferred revenue 598,251 668,640 103,697 Salaries and welfare payable 110,194 100,791 15,631 Taxes payable 88,857 87,601 13,586 Accrued expense and other current liabilities 114,577 131,644 20,418 Total current liabilities 1,040,497 1,112,787 172,580 --------- --------- ------- Non-current liabilities Deferred revenue 4,942 6,043 937 Long-term bank loans 158,755 51,690 8,016 Deferred tax liabilities 13,067 17,682 2,742 Total liabilities 1,217,261 1,188,202 184,275 --------- --------- ------- Shareholders' equity Ordinary shares 7,296 7,481 1,160 Additional paid-in capital 1,491,387 1,543,744 239,414 Statutory reserves 10,769 10,769 1,670 Accumulated other comprehensive (loss)/ income (3,171) 9,778 1,516 Accumulated deficit (486,540) (292,756) (45,403) Non-controlling interests 11,043 12,056 1,870 Total shareholders' equity 1,030,784 1,291,072 200,227 --------- --------- ------- TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 2,248,045 2,479,274 384,502 ========= ========= =======

    Reconciliations of GAAP and Non-GAAP results (Amounts in thousands of Renminbi ("RMB") and U.S. dollars ("US$"), unaudited) For the Three Months Ended -------------------------- March 31, 2015 March 31, 2016 March 31, 2016 -------------- -------------- -------------- RMB RMB US$ GAAP income before income tax expenses 70,224 73,040 11,327 Add back: charges to/ (reversal of) share-based 5,853 (6,908) (1,070) compensation expenses Non-GAAP income before income tax expenses 76,077 66,132 10,257 GAAP income tax expenses (12,138) (11,243) (1,744) Tax impact of share-based compensation expenses - - - --- --- --- Non-GAAP income tax expenses (12,138) (11,243) (1,744) ------- ------- ------ Non-GAAP net income 63,939 54,889 8,513 Less: Net income attributable to the non-controlling (307) (36) (6) interest shareholders Non-GAAP net income attributable to Zhaopin Limited's 63,632 54,853 8,507 shareholders Non-GAAP net income per share -Basic 0.61 0.50 0.08 -Diluted 0.57 0.48 0.07 Non-GAAP net income per ADS -Basic 1.22 1.00 0.16 -Diluted 1.14 0.96 0.14 Weighted average number of shares used in computing non-GAAP net income per share: -Basic 104,215,054 109,565,681 109,565,681 -Diluted 112,252,634 114,085,918 114,085,918

    Reconciliations of GAAP and Non-GAAP results (Amounts in thousands of Renminbi ("RMB") and U.S. dollars ("US$"), unaudited) For the Nine months Ended ------------------------- March 31, 2015 March 31, 2016 March 31, 2016 -------------- -------------- -------------- RMB RMB US$ GAAP income before income tax expenses 216,682 236,927 36,744 Add back: share-based compensation expenses 20,866 2,503 388 Non-GAAP income before income tax expenses 237,548 239,430 37,132 GAAP income tax expenses (37,193) (42,739) (6,628) Tax impact of share-based compensation expenses - - - --- --- --- Non-GAAP income tax expenses (37,193) (42,739) (6,628) ------- ------- ------ Non-GAAP net income 200,355 196,691 30,504 Less: Net income attributable to the non-controlling (872) (404) (63) interest shareholders Non-GAAP net income attributable to Zhaopin Limited's 199,483 196,287 30,441 shareholders Non-GAAP net income per share -Basic 1.94 1.80 0.28 -Diluted 1.78 1.72 0.27 Non-GAAP net income per ADS -Basic 3.88 3.60 0.56 -Diluted 3.56 3.44 0.54 Weighted average number of shares used in computing non-GAAP net income per share: -Basic 102,874,054 109,013,863 109,013,863 -Diluted 112,035,365 114,012,394 114,012,394

    For more information, please contact:

    Zhaopin Limited
    Ms. Daisy Wang
    Investor Relations
    ir@zhaopin.com.cn

    Christensen
    In China
    Mr. Christian Arnell
    Phone: +86-10- 5900-1548
    E-mail: carnell@christensenir.com

    In U.S.
    Ms. Linda Bergkamp
    Phone: +1-480-614-3004
    Email: lbergkamp@christensenir.com

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/zhaopin-limited-reports-third-quarter-fiscal-year-2016-financial-results-300273024.html

    Zhaopin Limited

    Web site: http://www.zhaopin.com/




    Tarena International, Inc. Announces First Quarter 2016 ResultsFirst Quarter Net Revenues Increased by 46.5% Year-Over-YearFirst Quarter Student Enrollment Increased by 51.8% Year-Over-YearReaffirms Full Year 2016 Net Revenues Guidance of $230-236 million

    BEIJING, May 23, 2016 /PRNewswire/ -- Tarena International, Inc. ("Tarena" or the "Company"), a leading provider of professional education services in China, today announced its unaudited financial results for the first quarter ended March 31, 2016.

    First Quarter 2016 Highlights

    --  Net revenues increased by 46.5% year-over-year to US$41.3 million from
    US$28.2 million in the same period in 2015.
    --  Gross profit increased by 54.3% year-over-year to US$26.6 million from
    US$17.2 million in the same period in 2015.
    --  Operating loss was US$3.0 million, compared to an operating loss of
    US$4.7 million in the same period in 2015.
    --  Non-GAAP operating loss, which excluded share-based compensation
    expenses, was US$0.6 million, compared to a non-GAAP operating loss of
    US$3.6 million in the same period in 2015.
    --  Net loss was US$3.8 million, compared to a net loss of US$2.5 million in
    the same period in 2015.
    --  Non-GAAP net income, which excluded share-based compensation expenses
    and loss on foreign currency forward contract, was US$1.7 million,
    compared to a net loss of US$1.4 million in the same period in 2015.
    --  Basic and diluted net loss per American Depositary Share ("ADS") were
    US$0.07. Non-GAAP basic and non-GAAP diluted net income per ADS, which
    excluded share-based compensation expenses and loss on foreign currency
    forward contract, were US$0.03. Each ADS represents one Class A ordinary
    share.
    --  Cash, time deposits and restricted time deposits totaled US$197.6
    million as of March 31, 2016, compared to US$189.1 million as of
    December 31, 2015.
    --  Deferred revenue totaled US$35.5 million as of March 31, 2016, compared
    to US$25.3 million as of December 31, 2015.
    --  Total course enrollments, defined as the cumulative number of courses
    enrolled in by our students, in the first quarter of 2016 increased by
    48.2% year-over-year to 21,121.
    --  Total student enrollments, defined as the total number of new students
    recruited and registered, in the first quarter of 2016 increased by
    51.8% year-over-year to 23,030.
    --  Total seat capacity, defined as the total number of seats available in
    our learning centers, increased by 26.3% to 44,004 as of March 31, 2016,
    from 34,845 as of March 31, 2015.
    --  Total number of learning centers increased to 135 as of March 31, 2016,
    from 122 as of March 31, 2015.
    

    "I am pleased to report that our top line results in our first quarter of 2016 once again exceeded our expectations. We drove revenue mainly through student enrollment growth. In this quarter, we recorded an outstanding student enrollment of 23,030, representing 51.8% year-over-year growth. This enrollment result brings us strong confidence in achieving our revenue growth target for fiscal year 2016. In addition, from the first quarter of 2016, we started to implement our "Teaching at Appropriate Levels" strategy and launched our advanced-level courses in Java, iOS, Android, Web front-end development, and Digital art, and as a result we successfully attracted more students," said Mr. Shaoyun Han, Tarena's Chairman and Chief Executive Officer.

    "We launched our kid education programs Tongcheng and Tongmei featuring IT training courses and non-IT training courses last December. In late March 2016, we rolled out kid programs in 5 more cities outside Beijing. In the first quarter of 2016, the total student enrollment of kid education programs was 246. We expect the kid education program course enrollment will further grow in the coming quarters." Mr. Han continued.

    "Although we only increased one learning center on a net basis in the first quarter of 2016, we took opportunities to optimize our facility resources, by opening four learning centers, merging three learning centers, and expanding existing facilities where appropriate. As a result, our total seat capacity increased from 42,434 as of December 31, 2015 to 44,004 as of March 31, 2016. Over the coming quarters and years, we will continue to focus on delivering high quality and differentiated education services to our students, enhancing their learning experiences and outcomes, and strengthening our leading position in professional education market. "Mr. Han concluded.

    Mr. Yuduo Yang, Tarena's Chief Financial Officer, added, "On the cost and expense side, our focus remains on optimizing our existing resources to drive better margin results. We are particularly pleased with the significant year-over-year improvement in gross profit margin and operating margin, which resulted from greater business scale, higher seat utilization and lower advertising spending on student acquisition. During the first quarter of 2016, we improved seat utilization to 71% as compared to the same period last year, resulting in our gross margin in the first quarter of 2016 increasing by 3.3 percentage points year-over-year. Non-GAAP operating margin in the first quarter of 2016 improved by 11.4 percentage points year-over-year, and GAAP operating margins in the first quarter of 2016 improved by 9.3 percentage points year-over-year. Thus we are confident in achieving the objective we set at the beginning of the year to further improve center utilization and profitability, which we believe will position us well for sustainable growth in 2016 and beyond. "

    First Quarter 2016 Results

    Net Revenues

    Net revenues increased by 46.5% to US$41.3 million in the first quarter of 2016, from US$28.2 million in the same period in 2015. The increase was primarily due to increased course enrollments and to a lesser extent, an increase in the standard tuition fees.

    Total course enrollments in the first quarter of 2016 increased by 48.2% to 21,121 from 14,248 in the same period in 2015, which was driven mainly by the number and the popularity of our course offerings. The number of our course offerings increased to 16 from 13 in the first quarter year-over-year, while the total seat capacity in our learning centers increased by 26.3% to 44,004 as of March 31,2016 from 34,845 as of March 31, 2015 to cater to the increased demand for our courses.

    Beginning in the second quarter of 2015, we raised the standard tuition fees on most of our courses by RMB1,000 per course to RMB17,800. We raised our tuition fees on selected courses by another RMB1,000 in March 2016. We charge students enrolled through the retail channel our standard tuition fee and provide students enrolled through the university channel a discount of approximately RMB4,000 per person per course. Our student enrollment mix from retail and university channel was 93%/7% and 89%/11% in the first quarter of 2016 and 2015, respectively.

    Cost of Revenues

    Cost of revenues increased by 34.2% to US$14.7 million in the first quarter of 2016, from US$11.0 million in the same period in 2015. The increase was mainly due to higher personnel cost and welfare expenses resulting from increased number of teaching and advisory staff at our learning centers and higher average salary, higher rental cost resulting from increased seat capacity, as well as higher depreciation expenses for our learning centers.

    Gross Profit and Gross Margin

    Gross profit increased by 54.3% to US$26.6 million in the first quarter of 2016, from US$17.2 million in the same period in 2015. Gross margin increased to 64.4% in the first quarter of 2016 from 61.1% in the same period in 2015. The improvement in gross margin was mainly due to increased operational scale for our learning centers. Our overall center utilization rate in the first quarter of 2016 increased to 71% from 69% in the same period in 2015, mainly due to increased student enrollment.

    Operating Expenses

    Total operating expenses increased by 35.1% to US$29.6 million in the first quarter of 2016, from US$21.9 million in the same period in 2015, as a result of increases in our selling and marketing, general and administrative and research and development expenses. Total non-GAAP operating expenses, which excluded share-based compensation expenses, increased by 30.7% to US$27.2 million in the first quarter of 2016, from US$20.9 million in the same period in 2015. Total share-based compensation expenses allocated to the related operating expenses increased by 123.2% to US$2.3 million in the first quarter of 2016, from US$1.1 million in the same period in 2015.

    Selling and marketing expenses increased by 42.7% to US$17.3 million in the first quarter of 2016, from US$12.1 million in the same period in 2015. The increase was due to higher personnel cost and welfare expenses related to the growth in our selling and marketing headcount and higher average salary, and expanded marketing efforts primarily as a result of increased spending on advertising as we expanded our course offerings and network of learning centers.

    General and administrative expenses increased by 20.9% to US$9.9 million in the first quarter of 2016, from US$8.2 million in the same period in 2015. The increase was mainly due to higher compensation cost for our increased number of general and administrative personnel to support our growing operations, and higher share-based compensation expenses. Non-GAAP general and administrative expenses, which excluded share-based compensation expenses, increased by 10.8% to US$8.0 million, from US$7.2 million in the same period in 2015.

    Research and development expenses increased by 49.4% to US$2.4 million in the first quarter of 2016, from US$1.6 million in the same period in 2015. The increase was mainly due to higher personnel cost and welfare expenses of our instructors allocated to their content development activities for our courses, as well as increased number of research and development staff as we expanded our course offerings and operations.

    Operating Loss

    Operating loss was US$3.0 million for the first quarter of 2016, compared to an operating loss of US$4.7 million in the same period in 2015. Non-GAAP operating loss, which excluded share-based compensation expenses, was US$0.6 million, compared to a non-GAAP operating loss of US$3.6 million in the same period in 2015.

    Interest Income

    Interest income was US$1.4 million in the first quarter of 2016, compared to US$1.5 million in the same period in 2015. Interest income in both periods consisted of interest earned on our cash, cash equivalents and time deposits in commercial banks and interest income recognized in relation to our installment payment plan for students. The decrease in interest income was primarily due to lower bank deposits and interest rate partially offset by higher tuition interest income in relation to our installment payment plan for students.

    Foreign Exchange Gain (Loss)

    Foreign exchange gain was US$0.4 million in the first quarter of 2016, compared to US$0.2 million foreign exchange loss in the same period in 2015. The gain was attributable to the appreciation of China's RMB against U.S. Dollar as a significant portion of the Company's IPO proceeds in April 2014 had been converted into RMB and placed in bank deposits.

    Loss on foreign currency forward contract

    Loss on foreign currency forward contract was US$3.0 million in the first quarter of 2016, due to the fluctuation in the exchange rate between U.S. dollars and RMB. In January 2016, the Company entered into a foreign currency forward contract to offset the changes in the carrying amounts of RMB deposits due to fluctuations in RMB to US dollar exchange rate. The contract has been settled in May 2016.

    Income Tax Expense (Benefit)

    The Company recorded an income tax expense of US$22,031 in the first quarter of 2016, compared to an income tax benefit of US$0.2 million in the same period in 2015. The change was mainly due to the increase in profit before income tax in one of our wholly owned subsidiaries that is qualified as a "Newly Established Software Enterprise" under the PRC Enterprise Income Tax Law, which provides a two-year full exemption from enterprise income tax from 2014 to 2015 followed by a three-year 50% exemption from 2016 to 2018.

    Net Income

    As a result of the foregoing, net loss was US$3.8 million in the first quarter of 2016, compared to US$2.5 million in the same period in 2015. Non-GAAP net income, which excluded share-based compensation expenses and loss on foreign currency forward contract, was US$1.7 million, compared to a net loss of US$1.4 million in the same period in 2015.

    Basic and Diluted Net Income (Loss) per ADS

    Basic and diluted net loss per ADS were US$0.07 in the first quarter of 2016. Non-GAAP basic and non-GAAP diluted net income per ADS, which excluded share-based compensation expenses and loss on foreign currency forward contract, were US$0.03.

    Cash Flow

    Net operating cash flow for the first quarter of 2016 was approximately US$9.4 million. Capital expenditures for the quarter were US$2.7 million.

    Shares Issued and Outstanding

    As of March 31, 2016, the Company had 45,143,523 Class A and 10,574,896 Class B ordinary shares outstanding. Each ADS represents one Class A ordinary share.

    Business Outlook

    Taking into consideration the significant change in RMB exchange rate against the U.S. dollar compared with same period in 2015, based on the Company's current estimates, total net revenues for the second quarter of 2016 are expected to be between US$51.5 million and US$52.5 million, representing an increase of 25% to 27% on a year-over-year basis. If not including the impact from the depreciation of RMB against the U.S. Dollar, the projected revenue growth rate is expected to be in the range of 33% to 35% on a year-over-year basis for the second quarter of 2016.

    The Company also expects its total net revenues for the full year of 2016 to be between US$230 million and US$236 million, representing an increase of 22% to 25% on a year-over-year basis. If not including the impact from the depreciation of RMB against the U.S. Dollar, the projected revenue growth rate is expected to be in the range of 28% to 31% on a year-over-year basis for the fiscal year 2016.

    This guidance is based on the current market conditions and reflects the Company's current and preliminary estimates of market and operating conditions, which are subject to change.

    Conference Call

    The Company will host a conference call and live webcast to discuss its financial results for the first quarter of 2016 at 9:00 p.m. Eastern Daylight Time on May 23, 2016 (9:00 a.m. Beijing time on May 24, 2016).

    The dial-in details for the live conference call are as follows:

    United States: 1 855 298 3404
    International: +1 631 514 2526
    Hong Kong: 800 905 927
    Singapore: 800 616 3222
    Taiwan: +886 2 7708 3282
    United Kingdom: 0800 015 9725
    China Mainland: 400 120 0539

    Conference ID: 8072399

    A replay of the call will be available approximately 2 hours after the conclusion of the conference call through May 29, 2016. The dial-in details for the replay are:

    U.S. Toll Free: 1 866 846 0868
    International: 1800 008 585
    Hong Kong: 800 966 697
    Singapore: 800 616 2127
    Taiwan: 801 232 352
    United Kingdom: 800 169 7301
    China Mainland: 400 184 2240

    Conference ID: 8072399

    Additionally, a live and archived webcast of this call will be available on the Investor Relations section of Tarena's website at http://ir.tedu.cn.

    Safe Harbor Statement

    This press release contains forward-looking statements made under the "safe harbor" provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Tarena may also make written or oral forward-looking statements in its reports filed with or furnished to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including the business outlook for the second quarter and full year of 2016 and statements about Tarena's beliefs and expectations, are forward-looking statements. Many factors, risks and uncertainties could cause actual results to differ materially from those in the forward-looking statements. Such factors and risks include, but not limited to the following: Tarena's goals and strategies; its future business development, financial condition and results of operations; its ability to continue to attract students to enroll in its courses; its ability to continue to recruit, train and retain qualified instructors and teaching assistants; its ability to continually tailor its curriculum to market demand and enhance its courses to adequately and promptly respond to developments in the professional job market; its ability to maintain or enhance its brand recognition, its ability to maintain high job placement rate for its students, and its ability to maintain cooperative relationships with financing service providers for student loans. Further information regarding these and other risks, uncertainties or factors is included in Tarena's filings with the U.S. Securities and Exchange Commission. All information provided in this press release is current as of the date of the press release, and Tarena does not undertake any obligation to update such information, except as required under applicable law.

    About Tarena International, Inc.

    Tarena International, Inc. is a leading provider of professional education services in China. Through its innovative education platform combining live distance instruction, classroom-based tutoring and online learning modules, Tarena offers professional education courses in eleven IT subjects and three non-IT subjects. Tarena also offers two kid education programs. Its professional education courses provide students with practical skills to prepare them for jobs in industries with significant growth potential and strong hiring demand. Since its inception in 2002, Tarena has trained over 297,000 students, cooperated with more than 600 universities and colleges and placed students with approximately 78,000 corporate employers in a variety of industries. For further information, please visit http://ir.tedu.cn.

    About Non-GAAP Financial Measures

    Beginning in the first quarter of 2016, the Company revised its non-GAAP financial measures to exclude gain or loss on derivative instruments, goodwill impairment, impairment of intangibles via acquisitions of businesses and the related tax impact, in addition to its historical practice of excluding share-based compensation expenses for non-GAAP results.

    To supplement Tarena's consolidated financial results presented in accordance with United States Generally Accepted Accounting Principles ("GAAP"), Tarena's management uses non-GAAP measures of cost of revenues, operating expenses, operating income (loss), net income (loss), and net income (loss) per ADS, which are adjusted from results based on GAAP to exclude the share-based compensation expenses, gain or loss on derivative instruments, goodwill impairment, impairment of intangibles via acquisitions of businesses and the related tax impact. These non-GAAP financial measures should be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for, or superior to, GAAP results. In addition, calculation of the non-GAAP financial measures may be different from the calculation used by other companies, and therefore comparability may be limited.

    Tarena's management believes that excluding the share-based compensation expenses, gain or loss on derivative instruments, goodwill impairment, impairment of intangibles via acquisitions of businesses and the related tax impact provides meaningful supplemental information regarding our performance and liquidity by excluding certain items identified as non-recurring and infrequent in nature, and non-cash charges. The amount of share-based compensation expenses, gain or loss on derivative instruments, goodwill impairment, impairment of intangibles via acquisitions of businesses and the related tax impact are not built into the Company's annual budgets and quarterly forecasts, which generally will be the basis for information Tarena provides to analysts and investors as guidance for future operating performance.

    The non-GAAP financial measures are provided to enhance investors' overall understanding of Tarena's current financial performance and prospects for the future. A limitation of using non-GAAP cost of revenues, operating expenses, operating income (loss) and net income (loss), excluding the share-based compensation expenses, gain or loss on derivative instruments, goodwill impairment, impairment of intangibles via acquisitions of businesses and the related tax impact is that the share-based compensation charge has been and will continue to be a recurring expense in the Company's business for the foreseeable future, gain or loss on derivative instruments, goodwill impairment, impairment of intangibles via acquisitions of businesses and the related tax impact may recur in the future. In order to mitigate these limitations the Company has provided specific information regarding the GAAP amounts excluded from each non-GAAP measure. The accompanying tables include details on the reconciliation between GAAP financial measures that are most directly comparable to the non-GAAP financial measures the Company has presented.

    For further information, please contact:

    Helen Song
    Investor Relations
    Tarena International Inc.
    Tel: +8610 56219451
    Email: ir@tedu.cn

    TARENA INTERNATIONAL, INC. AND SUBSIDIARIES UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS As of ----- March 31 December 31 -------- ----------- 2016 2015 ---- ---- US$ US$ ASSETS Current assets: Cash 88,129,102 79,145,296 Time deposits 92,533,571 69,280,200 Restricted time deposits - 23,099,668 Accounts receivable, net of allowance for doubtful accounts 25,259,876 22,637,451 Prepaid expenses and other current assets 11,835,251 10,179,811 Total current assets 217,757,800 204,342,426 Time deposits 16,974,347 17,590,693 Accounts receivable, net of allowance for doubtful accounts 970,288 1,196,747 Property and equipment, net 19,724,330 19,690,779 Goodwill 520,738 - Cost method investments 3,714,480 3,695,946 Other non-current assets 8,178,224 8,178,969 --------- --------- Total assets 267,840,207 254,695,560 =========== =========== LIABILITIES AND SHAREHOLDERS 'EQUITY Current liabilities: Accounts payable 406,182 679,549 Amounts due to a related party 82,028 135,393 Income taxes payable 8,732,185 8,669,015 Deferred revenue 35,474,489 25,336,265 Accrued expenses and other current liabilities 23,590,738 12,294,473 ---------- ---------- Total current liabilities 68,285,622 47,114,695 ---------- ---------- Other non-current liabilities 1,343,706 1,437,238 --------- --------- Total liabilities 69,629,328 48,551,933 ---------- ---------- Commitments and contingencies - - Shareholders' equity: Class A ordinary shares 46,069 44,914 Class B ordinary shares 10,575 10,575 Treasury shares(a) (7,738,834) (7,738,834) Additional paid-in capital 148,354,581 144,776,619 Accumulated other comprehensive loss (4,303,031) (4,905,419) Retained earnings 61,841,519 73,955,772 ---------- ---------- Total shareholders' equity 198,210,879 206,143,627 ----------- ----------- Total liabilities and shareholders' equity 267,840,207 254,695,560 =========== =========== Note: (a) On August 20, 2015, the Board of Directors approved a share repurchase plan under which the Company may repurchase up to US$20 million of its shares over the next 12 months. According to the plan, the share repurchases may be made from time to time on the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations. As of March 31, 2016, the Company repurchased 926,113 Class A ordinary shares from the open market with the net consideration of US$7,738,834.


    TARENA INTERNATIONAL, INC. AND SUBSIDIARIES UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS For the Three Months Ended March 31 --------------------------- 2016 2015 ---- ---- US$ US$ Net revenues 41,278,850 28,182,595 Cost of revenues(a) (14,696,675) (10,954,261) ----------- ----------- Gross profit 26,582,175 17,228,334 Selling and marketing expenses(a) (17,295,126) (12,117,839) General and administrative expenses(a) (9,876,480) (8,166,517) Research and development expenses(a) (2,422,845) (1,622,058) ---------- ---------- Operating loss (3,012,276) (4,678,080) Interest income 1,408,476 1,512,558 Other income 455,953 716,673 Loss on foreign currency forward contract (3,011,644) - Foreign exchange gains (losses) 428,812 (225,137) ------- -------- Loss before income taxes (3,730,679) (2,673,986) Income tax benefit (expense) (22,031) 175,918 ------- ------- Net loss (3,752,710) (2,498,068) Net loss attributable to Class A and Class B ordinary shareholders (3,752,710) (2,498,068) ========== ========== Net loss per Class A and Class B ordinary share: Basic and diluted (0.07) (0.05) Weighted average number of Class A and Class B ordinary shares outstanding: Basic and diluted 54,711,833 52,451,846 Net loss (3,752,710) (2,498,068) Other comprehensive income (loss) Foreign currency translation adjustment, net of nil income taxes 602,388 (331,664) ------- -------- Comprehensive loss (3,150,322) (2,829,732) ========== ========== Notes: (a) Includes share- based compensation expense as follows: For the Three Months Ended March 31 --------------------------- 2016 2015 ---- ---- US$ US$ Cost of revenues 71,299 20,875 Selling and marketing expenses 231,858 56,620 General and administrative expenses 1,858,069 930,786 Research and development expenses 255,508 63,520

    TARENA INTERNATIONAL, INC. AND SUBSIDIARIES RECONCILIATION OF GAAP MEASURES TO NON-GAAP MEASURES For the Three Months Ended March 31 ----------------------------------- 2016 2015 ---- ---- US$ US$ GAAP Cost of revenues 14,696,675 10,954,261 Share-based compensation expense in cost of revenues 71,299 20,875 ------ ------ Non-GAAP cost of revenues 14,625,376 10,933,386 GAAP Selling and marketing expenses 17,295,126 12,117,839 Share-based compensation expense in selling and marketing expenses 231,858 56,620 ------- ------ Non-GAAP selling and marketing expenses 17,063,268 12,061,219 GAAP General and administrative expenses 9,876,480 8,166,517 Share-based compensation expense in general and administrative expenses 1,858,069 930,786 --------- ------- Non-GAAP general and administrative expenses 8,018,411 7,235,731 GAAP Research and development expenses 2,422,845 1,622,058 Share-based compensation expense in research and development expenses 255,508 63,520 ------- ------ Non-GAAP research and development expenses 2,167,337 1,558,538 Operating loss (3,012,276) (4,678,080) Share-based compensation expenses 2,416,734 1,071,801 --------- --------- Non-GAAP operating loss (595,542) (3,606,279) Net loss (3,752,710) (2,498,068) Share-based compensation expense 2,416,734 1,071,801 Loss on foreign currency forward contract 3,011,644 - Non-GAAP net income (loss) 1,675,668 (1,426,267) Non-GAAP net income (loss) attributable to Class A and Class B ordinary shareholders 1,675,668 (1,426,267) ========= ========== Non-GAAP net income (loss) per Class A and Class B ordinary share(a) Basic and diluted 0.03 (0.03) Weighted average number of ordinary shares outstanding used in calculating Non-GAAP net income (loss) per Class A and Class B ordinary share Basic(a) 54,711,833 52,451,846 Diluted 57,982,805 52,451,846 Notes: (a) The Non-GAAP net income (loss) per share is computed using Non-GAAP net income (loss) attributable to ordinary shareholders and the same number of ordinary shares used in GAAP basic and diluted net income (loss) per share calculation.

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/tarena-international-inc-announces-first-quarter-2016-results-300273203.html

    Tarena International, Inc.



    Actions Semiconductor Special Committee Appoints Counsel

    ZHUHAI, China, May 23, 2016 /PRNewswire/ -- Actions Semiconductor Co., Ltd. (ACTS) ("Actions Semiconductor" or the "Company"), one of China's leading fabless semiconductor companies that provides comprehensive portable multimedia and mobile internet system-on-a-chip (SoC) solutions for portable consumer electronics, today announced that the independent special committee of the Company's Board of Directors (the "Special Committee"), formed to evaluate the previously announced preliminary non-binding "going-private" proposal received on May 19, 2016, has retained Jones Day as its U.S. counsel and Maples and Calders as its Cayman Islands counsel.

    The Special Committee cautions the Company's shareholders and others considering trading in the Company's securities that no decision has been made on the response to the proposal. There can be no assurance that any definitive offer will be made, that any agreement will be executed or that this or any other transaction will be approved or consummated. The Special Committee does not undertake any obligation to provide any updates with respect to this or any other transaction, except as required under applicable law.

    About Actions Semiconductor

    Actions Semiconductor is one of China's leading fabless semiconductor companies that provides comprehensive portable multimedia and mobile internet system-on-a-chip (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. 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. The Company is headquartered in Zhuhai, China, with offices in Shanghai, Shenzhen, Hong Kong and Taipei. For more information, please visit the Actions Semiconductor website at http://www.actions-semi.com.

    "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995

    Statements contained in this release that are not historical facts are forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include statements concerning the preliminary, non-binding going private proposal. Actions Semiconductor uses words like "believe," "anticipate," "intend," "estimate," "expect," "project" and similar expressions to identify forward-looking statements, although not all forward-looking statements contain these words. These forward-looking statements are estimates reflecting current assumptions, expectations and projections about future events and involve significant risks, both known and unknown, uncertainties and other factors that may cause Actions Semiconductor's actual performance, financial condition or results of operations to be materially different from those suggested by the forward-looking statements including, among others, customers' cancellation or modification of their orders; our failure to accurately forecast demand for our products; the loss of, or a significant reduction in orders from, any of our significant customers; fluctuations in our operating results; our inability to develop and sell new products; defects in or failures of our products; the expense and uncertainty involved in our customer design-win efforts; the financial viability of the distributors of our products; consumer demand; worldwide economic and political conditions; fluctuations in our costs to manufacture our products; our reliance on third parties to manufacture, test, assemble and ship our products; our ability to retain and attract key personnel; our ability to compete with our competitors; and our ability to protect our intellectual property rights and not infringe the intellectual property rights of others. Other factors that may cause our actual results to differ from those set forth in the forward-looking statements contained in this press release and that may affect our prospects in general are described in our filings with the Securities and Exchange Commission, including our most recently filed Forms F-1, 20-F and 6-Ks. Other unknown or unpredictable factors also could have material adverse effects on Actions Semiconductor's future results, performance or achievements. In light of these risks, uncertainties, assumptions and factors, the forward-looking events discussed in this press release may not occur. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date stated, or if no date is stated, as of the date of this press release. Except as required by law, Actions Semiconductor undertakes no obligation and does not intend to update or revise any forward-looking statement to reflect subsequent events or changed assumptions or circumstances.

    Investor Contacts: Elaine Ketchmere, CFA Ally Xie, CA, CPA Compass Investor Relations Actions Semiconductor Eketchmere@compass-ir.com investor.relations@actions-semi.com +1 310-528-3031 +86-756-3392353*1018

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/actions-semiconductor-special-committee-appoints-counsel-300273217.html

    Actions Semiconductor Co., Ltd.

    Web site: http://www.actions-semi.com/




    Salesforce Named #1 CRM Software Provider in Gartner's Market Share Analysis: Customer Relationship Management Software, Worldwide, 2015 Report for Fourth Consecutive YearBased on CRM revenue in 2015, Salesforce achieved greater total revenue and market share growth than any other top 10 CRM vendorSalesforce also has the largest market share in the Sales and Customer Service and Support Markets based on 2015 total worldwide software revenue

    SAN FRANCISCO, May 23, 2016 /PRNewswire/ -- Salesforce [NYSE: CRM], the world's #1 CRM company, today announced that for the fourth consecutive year it has been named the #1 CRM software provider in Gartner Inc.'s latest worldwide CRM market share report, entitled "Market Share Analysis: Customer Relationship Management Software, Worldwide, 2015."(1 )Based on CRM revenue in 2015, Salesforce achieved greater total revenue and market share growth than any other top 10 CRM vendor. Salesforce also has the largest market share in the Sales and Customer Service and Support Markets based on 2015 total worldwide software revenue.(2)

    (

    http://photos.prnewswire.com/prnvar/20130612/SF30598LOGO

    )

    Comments on the News
    "A transformational shift is taking place in every industry, making the customer experience the new competitive differentiator," said Alex Dayon, president and chief product officer, Salesforce. "Our leadership in CRM market share validates the unparalleled ability of the Salesforce Customer Success Platform to empower companies to transform their customer relationships through delivering exceptional experiences."

    The Salesforce Customer Success Platform
    Salesforce has been on a continuous journey for the last 17 years to completely re-imagine CRM for the digital era. Powered by the latest cloud, social, mobile, data science and IoT technologies, the Salesforce Customer Success Platform brings together groundbreaking cloud solutions for sales, service, marketing, community, analytics, apps and IoT that enable companies to connect their customers in entirely new ways.

    In 2015, the company launched the new Salesforce Platform--Salesforce Lightning, a powerful multi-tenant, next-generation metadata platform that provides a consistent, modern user experience across any device. With the Salesforce Lightning App Builder, business users and developers can quickly and easily build apps, and the thriving Lightning Ecosystem provides customers with a broad array of third-party apps and components for everything from financials to human resources, fully integrated with Salesforce.

    Additional Information

    --  Gartner, Market Share Analysis: Customer Relationship Management
    Software, Worldwide, 2015 Joanne M. Correia, et al., May 12, 2016(1).
    --  Gartner, Market Share: All Software Markets, Worldwide, 2015, March 31,
    2016(2)
    

    Connect with Salesforce

    --  Follow @Salesforce on Twitter: http://twitter.com/salesforce
    --  Like Salesforce on Facebook: http://facebook.com/salesforce
    

    Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

    About Salesforce
    Salesforce, the Customer Success Platform and world's #1 CRM company, empowers companies to connect with their customers in a whole new way. For more information about Salesforce , visit: http://www.salesforce.com.

    Any unreleased services or features referenced in this or other press releases or public statements are not currently available and may not be delivered on time or at all. Customers who purchase Salesforce applications should make their purchase decisions based upon features that are currently available. Salesforce has headquarters in San Francisco, with offices in Europe and Asia, and trades on theNew York Stock Exchange under the ticker symbol "CRM." For more information please visit http://www.salesforce.com, or call 1-800-NO-SOFTWARE.

    Logo - http://photos.prnewswire.com/prnh/20130612/SF30598LOGO

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/salesforce-named-1-crm-software-provider-in-gartners-market-share-analysis-customer-relationship-management-software-worldwide-2015-report-for-fourth-consecutive-year-300273251.html

    Photo: http://photos.prnewswire.com/prnh/20130612/SF30598LOGO Salesforce

    Web site: http://www.salesforce.com/




    NetEase Showcases New PC and Mobile Games at Second Annual Game Enthusiasts' Day

    BEIJING, May 23, 2016 /PRNewswire/ -- NetEase, Inc. ("NetEase" or the "Company"), one of China's leading internet and online game services providers, announced plans to introduce an extensive pipeline of PC-client and mobile games during NetEase's 2(nd) Annual "5/20 Game Enthusiasts' Day" on May 20, 2016 in Guangzhou. The event celebrates the continued passion and excitement players have for NetEase-operated games, and provides a first look at new exciting upcoming games designed to appeal to a wide audience.

    NetEase revealed a pipeline of 41 total games during the event, including footage of over 20 never before released new PC and mobile games. The event highlighted the latest additions to its portfolio of 90 mobile games, including Fantasy Westward Journey: Warriors and Westward Journey: Rage, which extend the franchise of China's two most popular mobile games, Fantasy Westward Journey and Westward Journey Online. Players have also been exceptionally pleased with the mobile version of New Ghost, which is currently one of the top 10 grossing games in China's iOS app store following its debut on May 13.

    To extend its success in PC-client games, NetEase is bringing a series of its legacy PC titles to mobile players, including the award-winning MMORPG Tianxia III, the best-in-class fighting game Datang, as well as a next generation 2.5D MMO game Demon Seals. Powered by the proprietary Messiah engine, the 3D Tianxia mobile is expected to bring mobile gaming to a new level. The mobile version of Datang, possibly the most anticipated fighting game of 2016, and the first MMO game produced NetEase for online PC-clients, is expected to be introduced to players later this year. Leveraging NetEase's top class self-developed NeoX engine, the mobile version of Demon Seals will give players a thrilling experience in next-generation 2.5D MMO games.

    In addition to its strong presence in MMORPG games, NetEase continues to diversify its games portfolio in different genres, including FPS, ACT, MOBA , SLG, Music and etc. Other new mobile games introduced to the Enthusiast Day audience were:

    --  Terminator 2: Judgment Day (Official Mobile Game): the officially
    authorized mobile game, this MMORPG features an over-shoulder view and
    movie quality picture
    --  Onmyoji: a NetEase developed game for 2016, with 3D turn-based combat
    based on a well-known Japanese story
    --  Audition Mobile: the mobile version of the popular dancing game puts
    players in the role of a Showbiz newcomer
    --  HIT: a breathtaking ARPG developed by the Lineage 2 and TERA production
    team
    --  Hero X Hero: an ARPG developed with Hack & Slash that features
    one-versus-many fighting
    --  Dawn of Steel: an action-oriented, real-time strategy game that pits
    powerful mechanized rigs against each other for control of an alien
    world's precious resources
    --  Girl Exorcist: the first 3D anime-adventure mobile game, where demon
    hunters try to save the world from catastrophe
    --  Hime War: a NetEase developed 3D game integrating TPS, card games and
    ARPG-style play
    --  Richman 9: jointly developed by NetEase Games and Softstar, this is the
    first mobile game developed from the Richman series
    --  Wildfire EX: a 3D action game developed by NetEase Inception Studio that
    combines time travel and sci-fi elements
    --  S7: NetEase's initial First-Person Open World RPG-shooting mobile game
    leverages next-gen technology to create an epic world
    --  Band of Tanks: a first-person shooter game based on famous World War II
    tank battles
    --  For the Honor: developed by NetEase, featuring six civilizations, dozens
    of heroes and more than 100 story chapters, this game enables countless
    mysteries and conflicts
    --  Over Ocean: The Great Voyage: in this MMO mobile game in the Age of
    Discovery, players sail around the world to earn money, prestige and
    glory
    --  The Legends of Glory: a MMORPG based on western magic, it requires
    multi-vocation teamwork
    --  Adventure of Tang: the first 3D turn-based MMO role playing mobile game
    produced by NetEase creates a fantastic new Journey to the West.
    

    NetEase will also be introducing a series of games based on the best-selling martial arts novels by Mr. Gu Long later this year. Some of the expected upcoming titles include Legend of Chu Liuxiang, Knife-Man, Flying Daggers, Luxiaofeng Legend and Sword Master.

    During the event NetEase also demonstrated how it continues to build on its leadership in PC-client games with the introduction of the highly anticipated War Rage. This 3D online warfare game from Booming Games was four years in the making. New Ghost is NetEase's top fantasy-themed MMORPG, and to celebrate its success a 5(th) Anniversary expansion edition was introduced, which features a new role, and seven new maps among other updates.

    "Last year's inaugural Enthusiasts' Day was a tremendous success, and highlighted the depth and breadth of gamers' devotion to our games and the NetEase brand," said Mr. William Ding, Chief Executive Officer and Director of NetEase. "By making Enthusiasts' Day an annual event we can show our dedication to those players, and build anticipation for our lineup of new PC-client and mobile games. China's online game industry continues to grow and become more diverse. Our commitment to research and game development, as well as our deep understanding of Chinese audience preferences, places NetEase at the forefront of market trends and player satisfaction. It is these values that will continue to propel our success and leadership in this expanding market."

    In addition to the new games, NetEase introduced innovative new concepts that reward players, provide game development opportunities, and extend the NetEase brand. NetEase Games Project Plus was conceived to support core gamers by offering rewards such as virtual equipment, off-line gifts and member services. NetEase Games Project Plus can also identify every gamer's favorites and push custom-designed information regarding games and benefits. Together with NetEase pictures, NetEase games unveiled the Prometheus Project, providing game players and talented screenwriters an opportunity to be involved in the game creation process. Prometheus Project includes 'My Story Box,' where selected life stories shared by game players will be featured in NetEase's new movies, and "Dream Passport," where game players will be invited to co-create game-based movies. Finally, the Company debuted its affiliation with YiJian, a new coffee shop brand with a NetEase theme. YiJian is dedicated to the high quality NetEase game culture, creating a five-star dining experience and fashionable leisure spot.

    About NetEase, Inc.

    NetEase, Inc. is a leading internet technology company in China. Dedicated to providing online services centered around content, community, communication and commerce, NetEase develops and operates some of China's most popular online PC and mobile games, advertising services, email services and e-commerce platforms. In partnership with Blizzard Entertainment, NetEase operates some of the most popular international online games in China.

    Forward Looking Statements

    This press release contains statements of a forward-looking nature. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. The accuracy of these statements may be impacted by a number of business risks and uncertainties that could cause actual results to differ materially from those projected or anticipated, including risks related to: the risk that the online game market will not continue to grow or that NetEase will not be able to maintain its leading position in that market, which could occur if, for example, its new PC and mobile games or expansion packs and other improvements to its existing games do not become as popular as management anticipates; the ability of NetEase to successfully expand its mobile internet offerings; the ability of NetEase to effectively market its games and other services and achieve a positive return on its marketing expenditures; the risk that Shanghai EaseNet will not be able to continue operating World of Warcraft(R), StarCraft(R) II, Hearthstone(R):Heroes of Warcraft(TM), Diablo(R) III: Reaper of Souls(TM), Heroes of the Storm(TM) or other games licensed by it for a period of time or permanently due to possible governmental actions or the risk that such games will not be popular with game players in China; the risk that changes in Chinese government regulation of the online game market and the market for NetEase's e-commerce services may limit future growth of NetEase's revenues or cause revenues to decline; competition in the online advertising business and the risk that investments by NetEase in its content and services may not increase the appeal of the NetEase websites among internet users or result in increased advertising revenues; the risk that NetEase may not be able to continuously develop new and creative online services, including its ability to maintain and enhance the popularity of its e-mail, mobile and e-commerce services and develop attractive mobile games; the risk that NetEase will not be able to control its expenses in future periods; competition in NetEase's existing and potential markets; governmental uncertainties (including possible changes in the effective tax rates applicable to NetEase and its subsidiaries and affiliates and the ability of NetEase to receive and maintain approvals of the preferential tax treatments and general competition and price pressures in the marketplace); the risk that fluctuations in the value of the Renminbi with respect to other currencies could adversely affect NetEase's business and financial results; and other risks outlined in NetEase's filings with the Securities and Exchange Commission. NetEase does not undertake any obligation to update this forward-looking information, except as required under the applicable law.

    Contact for Media and Investors:

    Juliet Yang
    NetEase, Inc.
    hzyangyy@corp.netease.com
    Tel: (+86) 571-8985-3378

    Brandi Piacente
    Investor Relations
    brandi@corp.netease.com
    Tel: (+1) 212-481-2050

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/netease-showcases-new-pc-and-mobile-games-at-second-annual-game-enthusiasts-day-300273233.html

    NetEase, Inc.

    Web site: http://corp.netease.com/




    Gogo Inc. Announces Pricing of $525 Million Senior Secured Notes Offering

    CHICAGO, May 23, 2016 /PRNewswire/ -- Gogo Inc. announced the pricing of $525 million aggregate principal amount of 12% senior secured notes due 2022 (the "Notes") to be issued by its direct wholly owned subsidiary, Gogo Intermediate Holdings LLC (the "Issuer"), and its indirect wholly owned subsidiary, Gogo Finance Co. Inc. (the "Co-Issuer" and, together with the Issuer, the "Issuers"). The offering is expected to close on May 26, 2016, subject to certain closing conditions. The Notes will be guaranteed on a senior secured basis by Gogo Inc. and all of its existing and future domestic restricted subsidiaries, subject to certain exceptions (the "Guarantors"). The Notes and the related guarantees will be secured by first priority liens on substantially all of the Issuers' and the Guarantors' assets, including pledged equity interests of the Issuers and the Guarantors.

    http://photos.prnewswire.com/prnvar/20140902/142006

    The Issuer intends to use a portion of the net proceeds from the sale of the Notes to repay its outstanding indebtedness under its existing senior term credit facility and to use the remaining net proceeds for working capital and other general corporate purposes, including potential costs associated with the launch and commercial rollout of Gogo's next-generation technology solutions.

    The Notes and the guarantees will be offered in a private offering exempt from the registration requirements of the United States Securities Act of 1933, as amended (the "Securities Act"). The Notes and the guarantees will be offered only to qualified institutional buyers pursuant to Rule 144A under the Securities Act and to non-U.S. persons outside the United States in reliance on Regulation S under the Securities Act.

    The Notes and the guarantees have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state laws.

    This press release is for informational purposes only and is not an offer to sell or purchase nor the solicitation of an offer to sell or purchase securities and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which, or to any person to whom such an offer, solicitation or sale would be unlawful.

    Forward-Looking Statements

    This press release includes forward-looking statements regarding Gogo's financing plans, including statements related to the Issuers' offering of the Notes and intended use of net proceeds of the offering. Such statements are subject to certain risks and uncertainties including, without limitation, risks related to whether the Issuers will consummate the offering of the Notes on the expected terms, or at all, market and other general economic conditions, whether the Issuers and the Guarantors will be able to satisfy the conditions required to close any sale of the Notes, and the fact that Gogo's management will have broad discretion in the use of the proceeds from any sale of the Notes. Gogo's forward-looking statements also involve assumptions that, if they never materialize or prove correct, could cause its results to differ materially from those expressed or implied by such forward-looking statements. These and other risks concerning Gogo and its businesses are described in additional detail in its Annual Report on Form 10-K for the year ended December 31, 2015 and other filings made by Gogo with the SEC.

    Investor Relations Contact: Media Relations Contact: Varvara Alva Steve Nolan 312-517-6460 312-517-6074 ir@gogoair.com pr@gogoair.com

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    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/gogo-inc-announces-pricing-of-525-million-senior-secured-notes-offering-300273436.html

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    xG Technology Reports First Quarter 2016 Results and Conference Call

    SARASOTA, Fla., May 23, 2016 /PRNewswire/ -- xG Technology, Inc. ("xG" or the "Company") , a leader in providing critical wireless communications for use in challenging operating environments, announced its results for the first quarter ended March 31, 2016. Management will hold a conference call to discuss these results on May 24, 2016 at 5:00 p.m. Eastern Time (details below).

    Key Recent Accomplishments

    --  Completed the acquisition of certain assets and liabilities that
    constitute the business of Integrated Microwave Technologies, LLC (IMT),
    which has become a business unit of xG. The acquisition enables xG to
    realize immediate and long-term financial, operational and technological
    benefits.
    --  Received a sole source award to supply the U.S. Army Intelligence
    Electronic Warfare Test Directorate (IEWTD) with xMax cognitive
    networking equipment that will serve as a mobile tactical communications
    infrastructure.
    --  Was awarded two new patents:
    --  "Method to Enable Rapid Scanning by Cognitive Radios"--an approach
    for simultaneously maintaining both end user Quality of Service
    (QoS) levels and the flexibility and agility required in an
    on-the-move cognitive wireless network.
    --  "MIMO Antenna Design Used in Fading Environments,"--an intelligent
    antenna design than helps maintain robust, reliable and resilient
    links despite adverse spectral conditions.
    

    George Schmitt, CEO and Chairman of the Board of xG Technology, said, "In Q1 2016, xG realized two key accomplishments that set the stage for executing on future growth opportunities for the company. Most important, our acquisition of the IMT business unit is enabling impressive synergies between the two business units in the following areas: onsite product hardware manufacturing and development, cross-marketing of each company's respective solutions and alignment of technology and product development roadmaps. Moreover, integrating the operations of IMT and xG is resulting in substantial costs savings that will help xG realize its next stage of growth."

    Mr. Schmitt continued, "The second major accomplishment we realized was the sole-source award xG received from the US Army. It underscored the appeal of xG's industry-leading interference mitigation technologies, which remain unmatched in their ability to support mission-critical operations with a tactical broadband communications solution. We look forward to building on this order and working closely with military and public safety entities to ensure they have at their disposal the resilient, robust and secure capabilities that xMax delivers."

    Roger Branton, CFO of xG Technology, said, "We are pleased to note that xG realized record quarterly revenue in Q1 2016, of which two months of revenue is attributable to IMT as the acquisition closed on January 29, 2016. We expect the strong revenue achieved in Q1 to continue in the Q2 period. The cost reduction initiatives we began during Q1 2016 (which were announced after the close of the quarter) have further reduced xG's overall monthly operating expenses to approximately $500,000 on the xMax brand. This has strengthened xG's financial foundation and ability to profitably pursue new business opportunities and initiatives going forward."

    Review of Results

    Total first quarter 2016 revenues were $929,000 compared to $584,000 revenue in the first quarter of 2015. Revenue generated from equipment sales totaled $910,000 and revenue from consulting revenue totaled $19,000.

    First quarter operating loss was $4.6 million compared to operating loss of $4.0 million in the first quarter of 2015.

    Net loss attributable to common shareholders was $4.4 million, or $(0.18) per share compared to $4.6 million, or $(1.54) per share in the first quarter of 2015.

    xG ended first quarter 2016 with $484,000 in cash compared to $368,000 at December 31, 2015.

    xG continues to actively evaluate various alternatives of financing in order to obtain additional capital to allow the Company to deliver its products, including further stock sales.

    Financial Results Conference Call Details

    xG management will hold a conference call to discuss xG's Q1 2016 results on May 24, 2016 at 5:00 p.m. Eastern Time. To participate in the conference call, please call 877-870-4263 (toll free) or 1-412-317-0790 (international call-in) and ask to join the xG Technology call. For those who cannot participate in the call, an audio replay will be available on xG's website at http://www.xgtechnology.com/about-xg-technology/investor-information/

    About xG Technology, Inc.

    Founded in 2002, xG Technology has created a broad portfolio of intellectual property that enables always-available, always-connected and always-secure voice, broadband data and video communications. The company is the developer of xMax, a patented all-IP software-defined cognitive radio network that delivers mission-assured wireless connectivity in any RF environment. xMax provides a solution to the challenges of interoperability, survivability and flexibility in expeditionary and critical communications networks. xMax can be deployed as fixed or mobile infrastructure to enhance and integrate seamlessly with legacy communications systems, both private and commercial. Access and priority can be controlled, and in the event of congestion, failure or denial of access to commercial networks, xMax provides a fully secure, scalable, private and highly resilient network for essential communications - all at zero bandwidth cost.

    xMax incorporates advanced optimizing technologies that include spectrum sharing, interference mitigation, multiple-input multiple-output (MIMO) and software defined radio (SDR). These and other technologies make xMax ideal for wide area, as well as rapid emergency communication deployment in unpredictable environments and during fluid situations. xG offers solutions for numerous industries worldwide, including military, emergency response and public safety, telemedicine, urban and rural wireless broadband, utilities, and critical infrastructure.

    xG's Integrated Microwave Technologies (IMT) business unit further supports xG's military and public safety customers with its mission-critical wireless video solutions. IMT is a leader in advanced digital microwave systems and a provider of engineering, integration, installation and commissioning services serving the MAG (Military, Aerospace & Government), broadcast, and sports & entertainment markets. IMT's product lines include digital broadcast microwave video systems and compact microwave video equipment for licensed and license-free applications. More information on IMT can be found at www.imt-solutions.com.

    Based in Sarasota, Florida, xG has over 100 patents and pending patent applications. xG is a publicly traded company listed on the NASDAQ Capital Market For more information, please visit www.xgtechnology.com

    Cautionary Statement Regarding Forward Looking Statements

    Statements contained herein that are not based upon current or historical fact are forward-looking in nature and constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements reflect the Company's expectations about its future operating results, performance and opportunities that involve substantial risks and uncertainties. These statements include but are not limited to statements regarding the intended terms of the offering, closing of the offering and use of any proceeds from the offering. When used herein, the words "anticipate," "believe," "estimate," "upcoming," "plan," "target", "intend" and "expect" and similar expressions, as they relate to xG Technology, Inc., its subsidiaries, or its management, are intended to identify such forward-looking statements. These forward-looking statements are based on information currently available to the Company and are subject to a number of risks, uncertainties, and other factors that could cause the Company's actual results, performance, prospects, and opportunities to differ materially from those expressed in, or implied by, these forward-looking statements.

    For More Information:

    Media Relations
    Daniel Carpini
    xG Technology
    daniel.carpini@xgtechnology.com
    (941) 953-9035

    Investor and Analyst Relations
    James Woodyatt
    xG Technology
    james.woodyatt@xgtechnology.com
    (954) 572-0395

    xG TECHNOLOGY, INC. UNAUDITED CONDENSED STATEMENTS OF OPERATIONS (IN THOUSANDS EXCEPT NET LOSS PER SHARE DATA) For the Three Months Ended March 31, 2016 2015 ---- ---- Revenue $929 $584 ---- ---- Cost of revenue and operating expenses Cost of components and personnel 426 330 Inventory valuation adjustments 70 - General and administrative expenses 2,038 1,719 Research and development expenses 1,660 1,550 Amortization and depreciation 1,352 960 ----- --- Total cost of revenue and operating expenses (5,546) 4,559 ------ ----- Loss from operations (4,617) (3,975) ------ ------ Other income (expense) Changes in fair value of derivative liabilities 514 485 Bargain purchase gain 512 - Interest expense (472) (47) ---- --- Total other income 554 438 --- --- Net loss $(4,063) $(3,537) Dividends and deemed dividends 370 1,070 --- ----- Net loss attributable to common shareholders $(4,433) $(4,607) ======= ======= Basic and diluted net loss per share $(0.18) $(1.54) Weighted average number of shares outstanding basic and diluted 24,788 2,998

    xG TECHNOLOGY, INC. CONDENSED BALANCE SHEETS (IN THOUSANDS EXCEPT PER SHARE DATA) March 31, 2016 December 31, (unaudited) 2015 ---------- ---- ASSETS Current assets Cash $484 $368 Accounts receivable, net of allowance of $105 and 1,210 641 $87 ($138 and $138 from related party, respectively) Inventories, net 3,196 777 Prepaid expenses and other current assets 117 15 --- --- Total current assets 5,007 1,801 Inventories, net 2,078 2,078 Property and equipment, net 855 792 Intangible assets, net 11,121 11,903 ------ ------ Total assets $19,061 $16,574 ======= ======= LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) Current liabilities Accounts payable $1,493 $1,196 Accrued expenses 766 252 Accrued interest ($93 and $56 due to related party) 180 137 Due to related parties 466 324 Deferred revenue and customer deposits 294 149 Deferred rent 141 - Payment to IMT 500 - Convertible notes payable - 781 Obligation under capital leases 54 54 Derivative liabilities 938 1,284 --- ----- Total current liabilities 4,832 4,177 Long-term obligation under capital leases, net of current portion 94 106 Payment to IMT, net of current portion 2,500 - Convertible note payable 2,000 2,000 ----- ----- Total liabilities 9,426 6,283 ----- ----- Commitments and contingencies Series B convertible preferred stock - $0.00001 par value per share: 1,151 - 5,000,000 and 0 shares designated at March 31, 2016 and December 31, 2015; 1,664,853 and 0 issued and outstanding as of March 31, 2016 and December 31, 2015 (liquidation preference of $1,664,853 and $0 at March 31, 2016 and December 31, 2015) Total convertible preferred stock 1,151 - ----- --- Stockholders' equity Preferred stock - $0.00001 par value per share: 10,000,000 shares authorized as of - - March 31, 2016 and December 31, 2015; 1,664,853 and 0 issued or outstanding as of March 31, 2016 and December 31, 2015 Common stock, - $0.00001 par value, 100,000,000 shares authorized, 43,257,037 and - - 20,227,701 shares issued and 43,256,808 and 20,227,472 outstanding as of March 31, 2016 and December 31, 2015, respectively Additional paid in capital 200,966 198,710 Treasury stock, at cost - 229 shares at March 31, (22) (22) 2016 and December 31, 2015, respectively Accumulated deficit (192,460) (188,397) -------- -------- Total stockholders' equity 8,484 10,291 ----- ------ Total liabilities and stockholders' equity $19,061 $16,574 ======= =======

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/xg-technology-reports-first-quarter-2016-results-and-conference-call-300273422.html

    xG Technology, Inc.

    Web site: http://www.xgtechnology.com/




    Microchip Technology To Present At The JP Morgan Global Technology, Media & Telecom Conference

    CHANDLER, Ariz., May 23, 2016 /PRNewswire/ -- - Microchip Technology Incorporated, a leading provider of microcontroller, mixed-signal, analog and Flash-IP solutions, announced today that the Company will present at the JP Morgan Global Technology, Media & Telecom Conference on Tuesday, May 24, 2016, at 10:00 a.m. (Eastern Time). Presenting for the Company will be Mr. Steve Sanghi, Chairman and Chief Executive Officer. A live webcast of the presentation will be made available by JP Morgan, and can be accessed on the Microchip website at www.microchip.com. In conjunction with this conference, Microchip will be posting an updated version of their investor presentation to its website at www.microchip.com/investors in the Supplemental Financial Information section.

    http://photos.prnewswire.com/prnvar/20141115/158835LOGO

    Any forward looking statements made during the presentation are qualified in their entirety by the discussion of risks set forth in the Company's Securities and Exchange Commission filings. Copies of SEC filings can be obtained for free at the SEC's website (www.sec.gov) or from commercial document retrieval services.

    Microchip Technology Incorporated is a leading provider of microcontroller, mixed-signal, analog and Flash-IP solutions, providing low-risk product development, lower total system cost and faster time to market for thousands of diverse customer applications worldwide. Headquartered in Chandler, Arizona, Microchip offers outstanding technical support along with dependable delivery and quality. For more information, visit the Microchip website at www.microchip.com.

    The Microchip logo and name are registered trademarks of Microchip Technology Incorporated.

    INVESTOR RELATIONS CONTACT:

    Deborah Wussler ......... (480) 792-7373

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    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/microchip-technology-to-present-at-the-jp-morgan-global-technology-media--telecom-conference-300273261.html

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    Dynatronics Announces Transition in Executive Management

    COTTONWOOD HEIGHTS, Utah, May 23, 2016 /PRNewswire/ -- Dynatronics Corporation , a manufacturer and marketer of rehabilitation and physical therapy products, today announced changes in senior management at the Company. Larry K. Beardall, Executive Vice-President of Marketing and Strategic Planning, will be leaving the Company's management team effective June 3, 2016. Mr. Beardall will also cease to serve as a member of the Board of Directors.

    "We would like to express our appreciation to Larry Beardall for his many contributions to the success of Dynatronics during his three decades of employment and leadership with the Company," said Kelvyn Cullimore Jr., Dynatronics' Chairman and Chief Executive Officer. "Larry joined the company when we had little or no revenues and has helped guide the Company to over $30,000,000 in revenue at its peak."

    Mr. Beardall first joined Dynatronics in 1986 as Vice-President of Sales and Marketing. In addition to his sales and marketing duties, he helped pioneer some of the first products Dynatronics patented and marketed and has since helped conceptualize many product innovations. Mr. Beardall served as a member of the Dynatronics Board of Directors since 1986.

    "Over the last year, Dynatronics has been mapping out new strategic directions," added Cullimore. "This change is consistent with implementing those strategic plans. We are grateful to Mr. Beardall for his role in helping drive these strategic changes."

    About Dynatronics

    Dynatronics manufactures, markets and distributes advanced-technology medical devices, orthopedic soft goods and supplies, treatment tables and rehabilitation equipment for the physical therapy, sports medicine, chiropractic, podiatry and other related medical markets. More information regarding Dynatronics is available at www.dynatronics.com.

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/dynatronics-announces-transition-in-executive-management-300273148.html

    Dynatronics Corporation

    CONTACT: Dynatronics Corporation, Bob Cardon, 800-874-6251 or
    801-568-7000, bobc@dynatronics.com

    Web site: http://www.dynatronics.com/




    Vuzix to Present at SID/Cowen 2016 Display Investor Conference

    ROCHESTER, N.Y., May 23, 2016 /PRNewswire/ -- Vuzix(R) Corporation , ("Vuzix" or, the "Company"), a leading supplier of video eyewear and smart glasses products in the consumer, enterprise and entertainment markets, today announced that it will be presenting at the Market Focus Conference on Wearable-Flexible, which is sponsored by The Society for Information Display (SID) in collaboration with IHS on May 24, as part of the Annual SID/Cowen 2016 Display Investor Conference to be held May 22-27, 2016 at the Moscone Convention Center in San Francisco.

    Event: Sid/Cowen Conference Location: Moscone Convention Center in San Francisco Date: May 24, 2016 Time: 3:00 PM (PT)

    Vuzix CEO and President Paul J. Travers will present the Company's corporate presentation and discuss its recent business highlights. Vuzix will also present its next generation M300 Smart Glasses and its iWear Video Headphones. Mr. Travers will be available for one-on-one meetings.

    To arrange a one-on-one meeting with management, please contact Andrew Haag at vuzi@irthcommunications.com or 1-866-976-4784.

    "We are thrilled to participate in this event, as wearables gain traction amid growing Enterprise and consumer use," said Paul J. Travers, President and Chief Executive Officer at Vuzix. "As we look forward to 2016 and beyond, we are feeling very confident about the outlook for our products and our ability to maintain our cutting edge technology and market leading position."

    About Display Week

    Display Week is the premier gathering of system integrators, designers, consumers, scientists, engineers and manufacturers in the field of electronic information displays. For more information on Display Week 2016, visit www.displayweek.org.

    About Vuzix Corporation

    Vuzix is a leading supplier of Video Eyewear and Smart Glasses products in the consumer, enterprise and entertainment markets. The Company's products include personal display and wearable computing devices that offer users a portable high quality viewing experience, provide solutions for mobility, wearable displays and virtual and augmented reality. Vuzix holds 40 patents and 23 additional patents pending and numerous IP licenses in the Video Eyewear field. The Company has won Consumer Electronics Show (or CES) awards for innovation for the years 2005 to 2016 and several wireless technology innovation awards among others. Founded in 1997, Vuzix is a public company (VUZI) with offices in Rochester, NY, Oxford, UK and Tokyo, Japan.

    Forward-Looking Statements Disclaimer

    Certain statements contained in this news release are "forward-looking statements" within the meaning of the Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. Forward looking statements contained in this release relate to the Company's leadership in the Video Eyewear, VR and AR display industry. They are generally identified by words such as "believes," "may," "expects," "anticipates," "should" and similar expressions. Readers should not place undue reliance on such forward-looking statements, which are based upon the Company's beliefs and assumptions as of the date of this release. The Company's actual results could differ materially due to risk factors and other items described in more detail in the "Risk Factors" section of the Company's Annual Reports and MD&A filed with the United States Securities and Exchange Commission and applicable Canadian securities regulators (copies of which may be obtained at www.sedar.com or www.sec.gov). Subsequent events and developments may cause these forward-looking statements to change. The Company specifically disclaims any obligation or intention to update or revise these forward-looking statements as a result of changed events or circumstances that occur after the date of this release, except as required by applicable law.

    For further information:

    Media and Investor Relations Contact:

    Andrew Haag
    Managing Partner
    IRTH Communications
    vuzi@irthcommunications.com
    Tel: (866) 976-4784

    Vuzix Corporation
    25 Hendrix Road, Suite A
    West Henrietta, NY 14586 USA
    Investor Information - Grant Russell
    IR@Vuzix.com
    Tel: (585) 359-7562
    www.vuzix.com

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/vuzix-to-present-at-sidcowen-2016-display-investor-conference-300273179.html

    Vuzix Corporation

    Web site: http://www.vuzix.com/




    TI executives to speak at upcoming investor conferencesLive webcasts at www.ti.com/irBernstein: June 1, 11 a.m. Eastern timeBank of America Merrill Lynch: June 1, 2:05 p.m. Pacific time

    DALLAS, May 23, 2016 /PRNewswire/ -- Texas Instruments Incorporated (TI) announced that two of its senior executives will speak at investor conferences on Wednesday, June 1, 2016.

    Rich Templeton, chairman, president and chief executive officer, will speak at the Bernstein 32(nd) Annual Strategic Decisions Conference 2016 in New York City at 11 a.m. Eastern time.

    Kevin March, senior vice president and chief financial officer, will speak at the Bank of America Merrill Lynch 2016 Global Technology Conference in San Francisco at 2:05 p.m. Pacific time.

    Both will field questions from analysts and investors, as well as discuss TI's business outlook and its strategy to address key markets for its analog and embedded processing technologies and how these capabilities position the company for growth.

    The audio webcast for both conferences can be accessed live through the Investor Relations section (http://www.ti.com/ir) of TI's website. An archived replay will be available on the website after the conclusion of each presentation.

    About Texas Instruments

    Texas Instruments Incorporated (TI) is a global semiconductor design and manufacturing company that develops analog ICs and embedded processors. By employing the world's brightest minds, TI creates innovations that shape the future of technology. TI is helping more than 100,000 customers transform the future, today. Learn more at www.ti.com.

    TXN-G

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/ti-executives-to-speak-at-upcoming-investor-conferences-300273142.html

    Photo: http://photos.prnewswire.com/prnh/20010105/NEF016LOGO Texas Instruments Incorporated

    CONTACT: Chris Rongone, 214-479-6868, c-rongone@ti.com, or Whitney Jodry,
    214-479-0952, wjodry@ti.com

    Web site: http://www.ti.com/




    Georgia Power Social Media Center opens in AtlantaCompany expanding and enhancing online customer service, daily communication

    ATLANTA, May 23, 2016 /PRNewswire/ -- Georgia Power has opened a new, state-of-the-art Social Media Center to meet the increasing demand for social media engagement and enhance customer service and communication. Housed at the company's Atlanta headquarters, the center is an advanced social media resource located near the Georgia Power Storm Center, facilitating fast and accurate social media communication with customers during severe weather.

    https://photos.prnewswire.com/prnvar/20160523/370896

    "Our goal every day is to make it as easy as possible for our customers to engage with us, while providing them with world-class customer service on every platform," said Louise Scott, vice president of customer service for Georgia Power. "This new center brings all of our social media resources under one roof, with the latest technology, improving our ability to quickly collaborate, solve problems and respond to our customers day and night."

    Georgia Power already engages with customers more than 6,000 times per month on social media, quickly helping with billing and service questions, payment options and more. In addition, social media representatives online every day with customers offer useful energy efficiency advice; valuable rebates and incentives; guidance on solar energy; electrical safety tips and resources such as My Power Usage.

    The Social Media Center's advanced technology includes simultaneous display of multiple social media feeds; live social streaming to field reps; interactive SMART boards; wireless audio conferencing and instant sharing of desktops/tablets to multiple displays. In addition, the company uses advanced digital tools to better respond to most customer inquiries on social media within 10 minutes and online chat requests in under a minute.

    Georgia Power's primary social media platforms are Twitter (@GeorgiaPower) and Facebook (facebook.com/georgiapower), with channels featuring engaging, useful content and prompt, professional customer assistance. The new center builds on the company's full suite of communication platforms, including: OnGeorgia.org, GeorgiaPower.com and telephone options.

    The Georgia Power Social Media Center is fully staffed Monday through Friday from 7 a.m. to 7 p.m. and around the clock during severe weather. In addition to connecting with the company on social media, customers can log in to their GeorgiaPower.com account or by telephone. Georgia-based customer service representatives are available 24 hours a day for residential customers at 888-660-5890.

    About Georgia Power
    Georgia Power is the largest subsidiary of Southern Company , one of the nation's largest generators of electricity. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).

    https://photos.prnewswire.com/prnvar/20160523/370897

    https://photos.prnewswire.com/prnvar/20160523/370898

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    Photo: https://photos.prnewswire.com/prnh/20160523/370896
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    https://photos.prnewswire.com/prnh/20160523/370898
    http://photos.prnewswire.com/prnh/20050216/CLW066LOGO Georgia Power

    CONTACT: Media Relations, (404) 506-7676 or (800) 282-1696,
    www.georgiapower.com

    Web site: http://www.georgiapower.com/




    Tempus Applied Solutions Receives FAA Approval For FANS/ADS-B ModificationsSupplemental Type Certificate issued for non-federated FANS/ADS-B [Solution AA]

    WILLIAMSBURG, Va., May 23, 2016 /PRNewswire/ -- Tempus Applied Solutions LLC (Tempus), a wholly owned subsidiary of Tempus Applied Solutions Holdings Inc. , has been awarded FAA approval, in the form of a Supplemental Type Certificate (STC), for Tempus' initial FANS/1-A and ADS-B compliance solution [(Tempus' "Solution AA")].

    Although initially conformed on a Gulfstream III aircraft, Tempus' solution has received an "Approved Model List", or AML, STC, which means that it can be applied to any business and commercial aircraft. The modification includes the installation of a non-federated (standalone) UNS-1FW FMS; as well as [a?] new UNS ACARS UL-801 Unilink; UNS CVR-120R digital Cockpit Voice Recorder (CVR); ICG/Rockwell-Collins ICS-220A Satcom; and TDR-94D Rockwell-Collins transponders. Tempus has also released configurations for its Gulfstream IV and Global Express clients, and is currently selecting its next installation platforms.

    "We are very enthusiastic about the recent award of the FANS/ADS-B STC by the FAA; it will be an extremely affordable and robust solution for a large number of aircraft types," said Scott Terry, Tempus CEO. "Our engineering team and our OEM partners, Universal and Rockwell Collins, have created exactly what the market is looking for in terms of an economical means of compliance".

    FANS and ADS-B compliance will be mandated in most parts of the world by 2020. While some newer aircraft are delivered from the OEM with compliant systems, many older, large-cabin business jets will require extensive upgrades in order to comply with FANS/ADS-B mandates. Tempus expects to provide STC kits and turnkey modification and installation services to a wide array of commercial and government business jet owners and operators.

    For more information on Tempus, visit tempus-as.com.

    MEDIA CONTACT:
    Katherine Terry, public relations manager
    press@tempus-as.com | +1 864.901.8114

    ABOUT TEMPUS APPLIED SOLUTIONS LLC: Tempus, a subsidiary of Tempus Applied Solutions Holdings Inc. , provides design, engineering, systems integration and flight operations solutions that support critical aviation mission requirements for a variety of customers, including the United States Department of Defense, other U.S. government agencies, foreign governments and select corporations and individuals in the private sector. Our experienced team of professionals provides efficient, economical and flexible service that responds to the most challenging demands facing the aviation industry today. Our commitment to safety, security and discretion has earned us a reputation as one of the most forward-thinking aviation companies worldwide. Tempus is headquartered in Williamsburg, Virginia.

    FORWARD LOOKING STATEMENTS:
    This communication contains forward-looking statements that involve a number of judgments, risks and uncertainties concerning Tempus Applied Solutions Holdings Inc., its subsidiaries and their expected financial and operating performance and plans. Actual events or results could differ materially from those described or implied herein, including as a result of risks described in reports filed with the Securities and Exchange Commission by Tempus Applied Solutions Holdings Inc., and other risks and uncertainties. We do not undertake any obligation to update any forward-looking statements to reflect events or results after the date they were made, whether as a result of new information, new circumstances or otherwise, except as may be required under applicable laws.

    TEMPUS APPLIED SOLUTIONS HOLDINGS INC.
    TEMPUS APPLIED SOLUTIONS LLC
    133 Waller Mill Road | Suite 100 | Williamsburg, VA 23185
    +1 757.969.6188 | +1 800.281.4468 | info@tempus-as.com

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    Web site: http://tempus-as.com/




    Synopsys Completes Acquisition of Gold Standard Simulations

    MOUNTAIN VIEW, Calif., May 23, 2016 /PRNewswire/ -- Synopsys, Inc. today announced it has completed the acquisition of Gold Standard Simulations Ltd. (GSS), a leading provider of TCAD and EDA simulation solutions for design technology co-optimization (DTCO) of advanced process nodes. The acquisition of GSS supports the Synopsys TCAD strategy to offer a comprehensive solution to reduce development time and cost for advanced node development by enabling the evaluation and selection of process, device and materials options in the pre-wafer research phases of development. The terms of the deal, which is not material to Synopsys financials, are not being disclosed.

    About Synopsys

    Synopsys, Inc. is the Silicon to Software(TM) partner for innovative companies developing the electronic products and software applications we rely on every day. As the world's 16th largest software company, Synopsys has a long history of being a global leader in electronic design automation (EDA) and semiconductor IP and is also growing its leadership in software quality and security solutions. Whether you're a system-on-chip (SoC) designer creating advanced semiconductors, or a software developer writing applications that require the highest quality and security, Synopsys has the solutions needed to deliver innovative, high-quality, secure products. Learn more at www.synopsys.com.

    Editorial Contact:
    Sheryl Gulizia
    Synopsys, Inc.
    650-584-8635
    sgulizia@synopsys.com

    Investor Contact:
    Lisa Ewbank
    Synopsys, Inc.
    650-584-1901

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/synopsys-completes-acquisition-of-gold-standard-simulations-300273214.html

    Synopsys, Inc.

    Web site: http://www.synopsys.com/

    Company News On-Call: http://www.prnewswire.com/comp/AAB595.html




    The World's First Metro to Run on Solar Energy Powered by Total and SunPowerAgreement will supply Metro of Santiago (Chile) with electricity from a 100-megawatt solar power plant, covering up to 60 percent of its energy demand

    SANTIAGO, Chile, May 23, 2016 /PRNewswire/ -- Total and SunPower Corp. today announced that SunPower has signed a power purchase agreement for the supply of 300 gigawatt hours per year of clean solar energy to Metro of Santiago. With this agreement, Metro of Santiago will become the first public transportation system in the world to run mostly on solar energy. Metro of Santiago currently serves 2.2 million passengers per day.

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    The power will be generated from the El Pelicano Solar Project, a 100-megawatt (AC) project near the municipalities of La Higuera (Coquimbo Region) and Vallenar (Atacama Region). Construction of the solar power plant will begin this year, with expected operation by the end of 2017.

    "This contract is expressing Chile's commitment for a sustainable world. We are proud to partner with Metro in developing a new way of powering public transportation systems through competitive, reliable and clean energy. This project supports our ambition to become the responsible energy major," says Bernard Clement, senior vice president of Business & Operations, of the New Energies division of Total.

    "SunPower is proud to serve Metro of Santiago's growing energy demand with cost-competitive, renewable solar power," said Eduardo Medina, executive vice president, global power plants, SunPower. "Solar is an ideal energy source for Chile because of the country's high solar resource and transparent energy policies. In partnership with Total, SunPower is committed to the continued growth of our business in Chile."

    SunPower, a leading global solar technology company and an affiliate of Total, will design and build the project and provide operations and maintenance once it is operational. The company will construct a SunPower((R)) Oasis((R)) power plant system at the site. The Oasis system is a fully-integrated, modular solar power block that is engineered for rapid and cost-effective deployment of utility-scale solar projects while optimizing land use. The technology includes robotic solar panel cleaning capability that uses 75 percent less water than traditional cleaning methods and can help improve system performance by up to 15 percent.

    About Total

    Total is a global integrated energy producer and provider, a leading international oil and gas company, and the world's second-ranked solar energy operator with SunPower. Our 96,000 employees are committed to better energy that is safer, cleaner, more efficient, more innovative and accessible to as many people as possible. As a responsible corporate citizen, we focus on ensuring that our operations in more than 130 countries worldwide consistently deliver economic, social and environmental benefits. total-chile.cl or total.com

    About SunPower

    As one of the world's most innovative and sustainable energy companies, SunPower Corp. provides a diverse group of customers with complete solar solutions and services. Residential customers, businesses, governments, schools and utilities around the globe rely on SunPower's more than 30 years of proven experience. From the first flip of the switch, SunPower delivers maximum value and superb performance throughout the long life of every solar system. Headquartered in Silicon Valley, SunPower has dedicated customer-focused employees in Africa, Asia, Australia, Europe, and North and South America. For more information about how SunPower is changing the way our world is powered, visit www.sunpower.com.

    SunPower's Forward-Looking Statements

    This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding expected project timelines, projected energy output, and expected cost savings. These forward-looking statements are based on our current assumptions, expectations and beliefs and involve substantial risks and uncertainties that may cause results, performance or achievement to materially differ from those expressed or implied by these forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to: regulatory changes and the availability of economic incentives promoting use of solar energy; challenges inherent in constructing and maintaining certain of our large projects; maintaining or increasing our manufacturing capacity, containing associated costs, and manufacturing difficulties that could arise; challenges managing our joint ventures and partnerships;and fluctuations or declines in the performance of our solar panels and other products and solutions. A detailed discussion of these factors and other risks that affect our business is included in filings we make with the Securities and Exchange Commission (SEC) from time to time, including our most recent reports on Form 10-K and Form 10-Q, particularly under the heading "Risk Factors." Copies of these filings are available online from the SEC or on the SEC Filings section of our Investor Relations website at investors.sunpowercorp.com. All forward-looking statements in this press release are based on information currently available to us, and we assume no obligation to update these forward-looking statements in light of new information or future events.

    (C)2016 SunPower Corporation. All Rights Reserved. SUNPOWER, the SUNPOWER logo and OASIS are trademarks or registered trademarks of SunPower Corporation in Chile, in the U.S. and other countries as well.

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    CONTACT: Total and SunPower in Chile: Alta Comunicacion, Andres Kattan,
    +56 2 29530379, akattan@altacomunicacion.cl; or Total, Quentin Vivant, +33
    1 41 35 37 44, quentin.vivant@total.com, SunPower, Ingrid Ekstrom,
    +1.510.260.8368, iekstrom@sunpower.com

    Web site: http://www.sunpowercorp.com/




    PR Newswire Case Study Explores How St. Baldrick's Increased Brand Awareness With Multichannel CampaignSt. Baldrick's Foundation Campaigns Reached a Potential Audience of More Than 169 Million

    NEW YORK, May 23, 2016 /PRNewswire/ -- Creating Awareness and reaching new audiences is essential for charitable organizations to reach new donors and attract volunteers. A multichannel campaign with quality content is critical for achieving that goal.

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    The St. Baldrick's Foundation, a volunteer-powered charity dedicated to raising money for lifesaving childhood cancer research, focuses on being a voice of authority within the childhood cancer community. As part of their communication strategy, St. Baldrick's seeks to build brand awareness and reach new audiences with innovative campaigns in order to stand out from other childhood cancer charities.

    St. Baldrick's partnered with PR Newswire to create a Multimedia News Release--a branded landing page with social sharing and call to action buttons and content distribution solution--to raise awareness and share a new narrative around childhood cancers. This strategy allowed St. Baldrick's to educate audiences, share inspiring visual assets and encourage social sharing to increase involvement. The details of their strategy are discussed in PR Newswire's case study, St. Baldrick's Changes Narrative

    Surrounding Childhood Cancers with Multichannel Content Campaign.

    The case study explores St. Baldrick's strategy and shares key takeaways such as:

    --  How to use multimedia to build a new narrative;
    --  How to increase website traffic by reaching new audiences through
    distribution; and
    --  How non-profits can stand out from other similar organizations.
    

    For more information on how St. Baldrick's was able to create a new brand narrative, position themselves as a voice of authority and increase website traffic and engagement with a multimedia news release, download the free case study here: http://prn.to/27QPpKO.

    About PR Newswire
    PR Newswire (www.prnewswire.com) is the premier global provider of multimedia platforms that enable marketers, corporate communicators, sustainability officers, public affairs and investor relations officers to leverage content to engage with all their key audiences. Having pioneered the commercial news distribution industry over 60 years ago, PR Newswire today provides end-to-end solutions to produce, optimize and target content -- from rich media to online video to multimedia -- and then distribute content and measure results across traditional, digital, mobile and social channels. Combining the world's largest multi-channel, multi-cultural content distribution and optimization network with comprehensive workflow tools and platforms, PR Newswire enables the world's enterprises to engage opportunity everywhere it exists. PR Newswire serves tens of thousands of clients from offices in the Americas, Europe, Middle East, Africa and the Asia-Pacific region, and is a UBM plc company.

    Media Contact:
    Victoria Harres
    Vice President, Strategic Communications & Content
    victoria.harres@prnewswire.com
    201-360-6882

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    Synopsys Launches Pre-Wafer Simulation Solution to Reduce Semiconductor Process Development TimeEnables Earlier Co-Optimization of Devices, Processes, Materials and Design

    MOUNTAIN VIEW, Calif., May 23, 2016 /PRNewswire/ --

    Highlights:

    --  Enables earlier narrowing down of process and device options, reducing
    expensive and time-consuming wafer-based iterations
    --  Allows creation of higher-quality early Process Design Kits (PDKs) for
    design technology co-optimization (DTCO)
    --  Targeted to advanced process nodes
    --  Early PDK enables IP designers to deliver more competitive products
    

    Synopsys, Inc. today announced a pre-wafer simulation solution to help semiconductor manufacturers reduce process node development time. The new solution provides a comprehensive process, transistor and circuit simulation flow that enables technology development and design teams to evaluate various transistor and process options using a design technology co-optimization methodology that starts in the pre-wafer research phase. The generation of SPICE models, design rules and parasitics from TCAD and lithography simulations allow the creation of early process design kits to evaluate the performance, power, area and cost of a new process node.

    "To meet the performance, power, area and cost targets of the 10-nm process node and beyond, semiconductor manufacturers need to evaluate a larger number of process options, device architectures and materials, and account for design criteria in selecting the best options," said Dr. Anda Mocuta, Director of Technology Solutions and Enablement at imec. "The new simulation solution from Synopsys enables seamless links in the DTCO chain and helps speed up the down-selection of technology options," added Dr. Mocuta.

    In the past, the development of new process nodes was focused on the scaling and optimization of a single device architecture, the planar MOSFET, and a single material, silicon. With the introduction of FinFET in logic and 3D-NAND in memory, the complexity of new process nodes increased significantly. This complexity will only accelerate as future process nodes will need to evaluate and select among a larger number of processes, device architectures and materials.

    Increasing Complexity of New Process Nodes

    --  To meet the expected gains in performance, power and area with each new
    process node, current and next-generation lithography technologies must
    be evaluated from the point of view of critical pitches, pattern
    printability and layout constraints
    --  Achieving transistor performance and power targets requires
    consideration of new device architectures, such as nanowire FETs and
    tunnel FETs, with high-mobility channel materials as an option
    --  Selection among this exploding number of process, device architecture
    and material options is further complicated by complex interactions
    between design rules, interconnect parasitics, and transistor
    performance, and the unavailability during the early stages of research
    of wafer data from which to build or calibrate models
    

    Pre-Wafer Simulation Solution Benefits

    --  Combines the production-proven Sentaurus TCAD, Process Explorer and
    Sentaurus Lithography tools with new tools for automated variation-aware
    SPICE model extraction
    --  Enables the creation of PDKs from simulation data so design teams can
    assess the impact of technology options on circuit performance and area
    earlier than currently possible
    --  By starting design-technology co-optimization earlier, process
    development teams can reduce expensive and time consuming wafer-based
    iterations when selecting the right options to meet process node
    performance, power, area, cost and timeline targets
    

    "Working closely with our customers, we have developed a pre-wafer simulation solution to help our customers deliver process nodes faster," said Dr. Howard Ko, senior VP and general manager of the Silicon Engineering Group at Synopsys. "Our unique combination of TCAD, litho and SPICE simulation enables us to deliver a complete solution to address the challenges in technology development of advanced process nodes," added Dr. Ko.

    About Synopsys

    Synopsys, Inc. is the Silicon to Software(TM) partner for innovative companies developing the electronic products and software applications we rely on every day. As the world's 16th largest software company, Synopsys has a long history of being a global leader in electronic design automation (EDA) and semiconductor IP and is also growing its leadership in software quality and security solutions. Whether you're a system-on-chip (SoC) designer creating advanced semiconductors, or a software developer writing applications that require the highest quality and security, Synopsys has the solutions needed to deliver innovative, high-quality, secure products. Learn more at www.synopsys.com.

    Editorial Contact:

    Sheryl Gulizia
    Synopsys, Inc.
    650-584-8635
    sgulizia@synopsys.com

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/synopsys-launches-pre-wafer-simulation-solution-to-reduce-semiconductor-process-development-time-300272728.html

    Synopsys, Inc.

    Web site: http://www.synopsys.com/

    Company News On-Call: http://www.prnewswire.com/comp/AAB595.html




    Businesses Using NetSuite Now Have Direct Access to Dun & Bradstreet's Proprietary Commercial Data and AnalyticsDun & Bradstreet for NetSuite SuiteApp delivers a rich set of Master Data as-a-Service and Credit Management functionality for medium to large-size businesses

    SHORT HILLS, N.J., May 23, 2016 /PRNewswire/ -- NetSuite Inc.'s customers will have the ability to directly access commercial data and analytics from Dun & Bradstreet from within NetSuite's industry leading cloud-based business management suite to help better manage risks and improve efficiencies across their entire operations. The combination of the world's most deployed cloud Enterprise Resource Planning (ERP) solution from NetSuite and the world's largest commercial database from Dun & Bradstreet, provides NetSuite customers with a single unified view of their customer, vendor and partner relationships and automated credit management in a single system of record.

    "This is a big announcement for both Dun & Bradstreet and NetSuite and the businesses who rely on our solutions," said Michael Sabin, Dun & Bradstreet's EVP & GM of Global Alliances & Partnerships. "Through close collaboration we've integrated our industry leading credit decisioning capabilities and core data management features within NetSuite so customers have a seamless workflow experience. Now, users will have one easy-to-use platform to access the tools they need to quickly extract information and make informed decisions that will have a direct impact on the bottom line."

    NetSuite's platform helps companies manage core business processes with a single, fully integrated system covering ERP/financials, CRM, ecommerce, inventory, accounts receivable and more. The two Dun & Bradstreet SuiteApp solutions now available for NetSuite:

    --  D&B Data Management for NetSuite - Facilitates growth through an
    effective data management as a service offering that provides a trusted
    view of customers, prospects and vendors by reducing duplicate,
    inconsistent, and fragmented records while monitoring and enriching with
    additional elements - directly within NetSuite workflows.
    --  DNBi Risk Management for NetSuite (US) - Facilitates quick credit
    evaluation for decision making to help mitigate risks and maximize
    revenue with real-time, best-in-class credit processes - customizable
    and configurable - directly within NetSuite workflows.
    

    Guido Haarmans, NetSuite's Senior Vice President Business Development for Technology partners said, "Dun & Bradstreet is a logical addition to NetSuite's offering. Our customers are busy professionals juggling many responsibilities and a fully integrated solution that will help minimize data quality issues and speed up their business processes provides great value. Dun & Bradstreet for NetSuite provides the data, analytics and process integration that can help businesses make more informed decisions to reduce risks and drive growth."

    Oldcastle, North America's largest manufacturer of building products and materials, is a NetSuite customer and beta tested the D&B Data Management solution. "Oldcastle Precast, a division of Oldcastle, has had the challenge of having a complete view of our customer base and prospects. We needed a tool that could provide missing information and additional insights into these companies - a data inspired version of the truth - that is native to NetSuite, our new management information system, and easy to use. The D&B Data Management solution fulfills those requirements and we are looking forward to using DNBi Risk Management," said Josh Nolan, Director of Credit for Oldcastle.

    NetSuite customers who subscribe to these Dun & Bradstreet solutions will have hands-on access to real-time data to help empower users in retail, manufacturing, distribution, technology, energy, government and other industries with insights on a variety of functions including:

    --  Account mastering and duplicate detection - Utilizing a built-in batch
    match and cleanse capability, companies can quickly identify and embed
    Dun & Bradstreet's D-U-N-S(R) Number as a unique identifier on every
    account record and isolate or cleanse all duplicate records.
    --  Real-time data quality and enrichment - Organizations can update and
    maintain a single, master record that provides a trusted view of an
    account. This reduces the risk of multiple, inconsistent or
    contradictory records and is continuously monitored for any changes.
    --  Insight into the legal corporate hierarchy of a company - By embedding
    the Dun & Bradstreet D-U-N-S(R) Number on all records customers can
    easily understand the relationships (Parent, Headquarter, branches etc.)
    of related corporate family members.
    --  On-going risk monitoring - Organizations can track and manage a variety
    of risk dimensions on suppliers, manufacturers, customers and more.
    --  Credit decisioning - NetSuite users can make informed decisions on
    establishing credit lines and limits based on Dun & Bradstreet's data.
    --  Collections - Credit managers can optimize credit policies to minimize
    'days sales outstanding' (DSO) and bad debt without restricting revenue.
    

    For the first time, NetSuite customers of all sizes can realize the benefits of data driven insights and decision making that allow organizations to better manage and grow stronger relationships, reduce business risks and maximize profitability across all of their corporate sourcing, planning and decision making processes.

    Dun & Bradstreet was a platinum sponsor of SuiteWorld 2016, NetSuite's annual user conference for customers, partners, media and industry thought leaders held last week at the San Jose Convention Center in San Jose, CA. Hundreds of attendees stopped by Dun & Bradstreet's booth to experience a demo of the two solutions easily accessible in NetSuite's platform.

    For more information on Dun & Bradstreet solutions in SuiteApp, visit www.dnb.com/NetSuite.

    About NetSuite
    NetSuite Inc. is the industry's leading provider of cloud-based financials / Enterprise Resource Planning (ERP) and omnichannel commerce software suites. In addition to financials/ERP and omnichannel commerce software suites, NetSuite offers a broad suite of applications, including financial management, ecommerce and retail management, commerce marketing automation and Professional Services Automation (PSA) that enable companies to manage most of their core business operations in its single integrated suite. NetSuite software allows businesses to automate operations, streamline processes and access real-time business information anytime, anywhere.

    For more information about NetSuite, please visit www.netsuite.com

    NOTE: NetSuite and the NetSuite logo are service marks of NetSuite Inc. Third-party trademarks mentioned are the property of their respective owners. The use of the word partner does not imply a partnership relationship between NetSuite and any other company.

    About Dun & Bradstreet

    Dun & Bradstreet grows the most valuable relationships in business. By uncovering truth and meaning from data, we connect customers with the prospects, suppliers, clients and partners that matter most, and have since 1841. Nearly ninety percent of the Fortune 500, and companies of every size around the world, rely on our data, insights and analytics. For more about Dun & Bradstreet, visit DNB.com. Twitter: @DnBUS

    MEDIA CONTACT:
    Ellen Yu, Dun & Bradstreet
    (973) 921-5910
    yue@dnb.com

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    Web site: http://www.dnb.com/




    Jason Carr joining WDIV-Local 4/ClickOnDetroit as Digital AnchorJoins "Local 4 News Today" team

    DETROIT, May 23, 2016 /PRNewswire/ -- Jason Carr has been named digital anchor and reporter for WDIV-Local4/ClickOnDetroit. Along with his online duties, Carr will be joining the "Local 4 News Today" team and contributing to the station's mid-morning show, "Live in the D," from the newly created and yet to be named digital-centric studio space and engagement hub.

    "This idea is the intersection of our audience and our on-air and online content. Jason is an extremely popular and charismatic broadcaster whose passionate interest in the evolution of media makes him the perfect guy to forge new ground with us," said Marla Drutz, vice president and general manager.

    Drutz continued, "We are going to let the viewers help us name Jason's place on the set. 'The Today Show' has the Orange Room, what should we call our space?"

    Carr will create digital-only content for Michigan's No. 1 TV news site ClickOnDetroit, social media, and over-the-top content.

    "Jason will host digital-only news content and give us real-time social data and reactions from the web," stated Dustin Block, digital executive producer. "We are approaching this digital initiative with a refreshing amount of open-mindedness."

    Most recently, Carr hosted "The Nine," WJBK's weekday live show for which he was nominated for a Michigan Emmy as host. He has been honored with 21 awards from the Michigan Emmys, Michigan Association of Broadcasters and Michigan Associated Press for anchoring, news reporting, feature reporting and writing.

    "I am honored and thrilled to join the dedicated, hard-working journalists of WDIV-Local 4. Within the TV news industry it is a well-known fact that Detroit as a market is not only competitive but also has extremely loyal viewers who fiercely support their stations and personalities," stated Carr. "As someone who grew up on Go 4 It!, News 4 Nightbeat, Bless You Boys!, Count Scary, Dwayne X. Riley, and too many more touchstones to mention, I am excited to become a part of WDIV's long, rich history in this incredible town."

    "Timing is just right to have Jason join our team of reporters and anchors and bring his relatable personality and journalistic chops to our newsroom. The combination of on-air and digital gives us nearly endless opportunities to report more of the stories of Detroit and beyond," said News Director Kim Voet.

    Carr is a proud Michigan State alum and father of a 5-year old daughter. He and his wife live in Bloomfield Hills. His start date is June 20.

    About Local 4
    WDIV-TV Local 4 is honored to be recognized as Station of the Year by the Michigan Association of Broadcasters. Local 4 News is currently the #1 newscast at 4 p.m., 5 p.m., 6 p.m., and 11 p.m. in Nielsen ratings for the Detroit television market. WDIV is the #1 NBC affiliate in the top 15 LPM markets. In addition, Local 4's ClickOnDetroit.com is a leading breaking news and weather website in Michigan and metro Detroit's #1 TV media website.

    About Graham Media Group
    Graham Media Group (www.GrahamMedia.com), a subsidiary of Graham Holdings Company , owns five local TV stations--each in a top-50 market and all recognized as news leaders--reaching 6.3% of U.S. television households: KPRC-Houston and WDIV-Detroit (NBC); KSAT-San Antonio (ABC); WKMG-Orlando (CBS); and WJXT-Jacksonville (independent). The stations also broadcast digital channels focused on classic television and operate market-leading websites, mobile sites and mobile apps that deliver breaking news, weather and community news, reaching millions of users across each platform. Graham Media Group owns SocialNewsDesk, a leading provider of social media software solutions used in more than 600 newsrooms worldwide.

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/jason-carr-joining-wdiv-local-4clickondetroit-as-digital-anchor-300273119.html

    WDIV-TV

    CONTACT: Donna Harper, 313.222.0643, donnah@wdiv.com

    Web site: http://www.clickondetroit.com/




    AT&T Invests More Than $1 Billion Over 3 -Year Period to Enhance Local Networks in Louisiana

    BATON ROUGE, La., May 23, 2016 /PRNewswire/ -- AT&T(1) has invested more than $1 billion in its Louisiana wireless and wired networks during 2013-2015. These investments drive a wide range of upgrades to reliability, coverage, speed and overall performance for residents and businesses. They also enhance critical services that support public safety and first responders.

    AT&T has invested in its Louisiana communications networks, people and local communities for 137 years. Recent notable network enhancements include 1,091 upgrades with new cell sites, the addition of wireless and wired network capacity and new broadband network connections.

    "We're committed to providing our customers fast, reliable, highly secure connectivity. We want them to be able to access the content they want from anywhere and on any device," said Sonia Perez, President of AT&T Louisiana. "Our continued investment in Louisiana allows our over 4,700 Louisiana employees to expand our fiber network and bring new, innovative services like AT&T GigaPower to our residents and businesses."

    AT&T GigaPower offers AT&T's fastest Internet speeds, up to 1Gbps(2 )over a 100% fiber network to more than 1.6 million locations across 22 major metro areas. AT&T announced plans to expand the availability of Internet speeds up to 1Gbps to homes, apartments and small businesses in parts of 34 additional cities across the U.S., including Baton Rouge, Shreveport-Bossier, the Jefferson Parish region and the Northshore in 2016.

    "In order for Louisiana to continue to thrive and serve its residents, it's imperative we have companies that lead with investment and innovation," said Governor John Bel Edwards. "AT&T's on-going investment in our state and its fast, reliable network brings cutting-edge opportunities that will help our residents and businesses compete and grow."

    In January, AT&T announced that it had added 1 million additional business customer locations - including nearly 24,500 in the state of Louisiana - to its fiber network since 2012 when the company began an aggressive fiber expansion program. The expansion helped extend the AT&T U.S. fiber network another 76,000 route miles, bringing the total to nearly 500,000. AT&T offers business customers high-speed Internet products on its fiber network in every major metro in the company's 21-state footprint.

    AT&T has big plans for 2016. The company will be giving customers the ability to access and stream DIRECTV video services over a wired or wireless Internet connection from any provider and from virtually any device - smartphone, tablet, Smart TV, streaming media hardware or PC. AT&T plans for each service to come with a set number of simultaneous sessions. These services will not require annual contracts, satellite dishes or set-top boxes.

    In 2016, for the second year in a row, FORTUNE magazine recognized AT&T as the Most Admired Telecommunications Company in the world. AT&T also placed #48 among the Top 50 World's Most Admired companies. This is the company's third year in a row on the Top 50 list - AT&T is the only communications company on the list. AT&T ranked #1 in all 9 attributes. This included innovation, financial soundness and quality of products/services. FORTUNE's Most Admired Companies lists are among the most highly respected indicators of corporate performance and reputation.

    To learn more about AT&T's coverage in Louisiana, or anywhere in the U.S., visit the AT&T Coverage Viewer. For updates on the AT&T wireless network, please visit the AT&T network news page.

    Cautionary Language Concerning Forward-Looking Statements

    Information set forth in this news release contains financial estimates and other forward-looking statements that are subject to risks and uncertainties, and actual results may differ materially. A discussion of factors that may affect future results is contained in AT&T's filings with the Securities and Exchange Commission. AT&T disclaims any obligation to update or revise statements contained in this news release based on new information or otherwise.

    About AT&T

    AT&T Inc. helps millions around the globe connect with leading entertainment, mobile, high speed Internet and voice services. We're the world's largest provider of pay TV. We have TV customers in the U.S. and 11 Latin American countries. We offer the best global coverage of any U.S. wireless provider.* And we help businesses worldwide serve their customers better with our mobility and highly secure cloud solutions.

    Additional information about AT&T products and services is available at http://about.att.com. Follow our news on Twitter at @ATT, on Facebook at http://www.facebook.com/att and YouTube at http://www.youtube.com/att.

    (C) 2016 AT&T Intellectual Property. All rights reserved. AT&T, the Globe logo and other marks are trademarks and service marks of AT&T Intellectual Property and/or AT&T affiliated companies. All other marks contained herein are the property of their respective owners.

    *Global coverage claim based on offering discounted voice and data roaming; LTE roaming; voice roaming; and world-capable smartphone and tablets in more countries than any other U.S. based carrier. International service required. Coverage not available in all areas. Coverage may vary per country and be limited/restricted in some countries.

    (1) AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc.

    (2) Internet speed claims represent maximum network service capability speeds. Actual customer speeds may vary based on factors including site traffic, content provider server capacity, internal network management factors, and device capabilities and are not guaranteed. For more information, go to att.com/speed101.

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    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/att-invests-more-than-1-billion-over-3--year-period-to-enhance-local-networks-in-louisiana-300273104.html

    Photo: http://photos.prnewswire.com/prnh/20120612/DA23287LOGO AT&T Inc.

    CONTACT: Tarvis Thompson, AT&T Corporate Communications, 504-202-9087,
    tarvis.thompson@att.com

    Web site: http://about.att.com/




    Alliant Energy names Dirk Mahling Vice President of Technology

    MADISON, Wis., May 23, 2016 /PRNewswire/ -- Patricia Kampling, Alliant Energy Corporation Chairman, President and Chief Executive Officer, announced that Dirk Mahling has been named Vice President of Technology.

    http://photos.prnewswire.com/prnvar/20020405/LNTLOGO

    In his role, Dirk will oversee all facets of the company's technology strategies and deployment - information, operations, cybersecurity and emerging technologies. He will report directly to Patricia Kampling.

    Dirk has a broad and successful background of implementation, innovation and executive leadership both inside and outside the energy industry. Since 2012, he has served as Chief Information Officer at Seattle City Light. Previous positions include: Senior Vice President, Alstom Grid North America; Vice President, Operations Technology, Constellation Energy; and has had leadership roles in two start-ups and consulting positions with Ernst & Young and A.T. Kearney.

    Dirk earned a Ph.D. in Computer and Information Science in 1990 from the University of Massachusetts. He also has a master's degree in industrial psychology from the Brunswick Institute of Technology in Germany.

    A complete listing of company executives and their biographies is available online at alliantenergy.com/executives.

    Alliant Energy Corporation , headquartered in Madison, Wis., provides regulated electric and natural gas service to approximately 950,000 electric and 410,000 natural gas customers across Iowa and Wisconsin. Alliant Energy's mission is to deliver the energy solutions and exceptional service customers and communities count on - safely, efficiently and responsibly. Interstate Power and Light Company and Wisconsin Power and Light Company are Alliant Energy's two public utility subsidiaries. For more information, visit alliantenergy.com.

    Logo - http://photos.prnewswire.com/prnh/20020405/LNTLOGO

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/alliant-energy-names-dirk-mahling-vice-president-of-technology-300273048.html

    Photo: http://photos.prnewswire.com/prnh/20020405/LNTLOGO Alliant Energy Corporation

    CONTACT: Media Contact: Scott Reigstad (608) 458-3145; Or Investor
    Relations Contact: Susan Gille (608) 458-3956

    Web site: http://www.alliantenergy.com/




    CUR Media's Chairman and CEO, Jim Urie to Appear on "Kennedy" on FOX Business News Tonight at 8pm/ET

    NEW YORK, May 23, 2016 /PRNewswire/ --

    CUER Media, Inc. ("CUER Media" or the "Company") (OTCQB: CURM) today announced that its Chairman, President and CEO Jim Urie will appear on Fox Business Network's program "Kennedy" tonight, May 23, 2016 from 8:00 PM to 9:00 PM EDT.

    During the interview Mr. Urie will discuss the Billboard Music Awards, the impact of streaming music, and his plans for bringing CUER Music, a transformative social music streaming service, to market later this year.

    ABOUT CUER MEDIA INC

    CUER Media, Inc. is creating CUER (pronounced 'cure'), a next generation social music experience, through the planned launch of CUER Music, a social, mobile, and web streaming music application that is being designed to enable its users to go beyond the limitations of traditional music streaming services. Upon its anticipated launch, CUER Music will unlock the truly expressive nature of an individual's connection with their music by fostering personalization, sharing and creativity. With CUER Music it's not just about streaming, it's about what the music means to you and how you want to express that to the world. For more information please visit http://www.curmusic.com.

    FORWARD-LOOKING STATEMENTS

    Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements. Forward-looking statements may include, without limitation, statements regarding (i) the plans and objectives of management for future operations, including plans or objectives relating to the development of a commercially viable streaming music product, (ii) a projection of income (including income/loss), earnings (including earnings/loss) per share, capital expenditures, dividends, capital structure or other financial items, (iii) the Company's future financial performance, (iv) the Company's ability to negotiate economically feasible agreements with the major and independent music labels and publisher rights organizations, and (v) the assumptions underlying or relating to any statement described in points (i), (ii), (iii), (iv) and (v) above. Such forward-looking statements are not meant to predict or guarantee actual results, performance, events or circumstances and may not be realized because they are based upon the Company's current projections, plans, objectives, beliefs, expectations, estimates and assumptions and are subject to a number of risks and uncertainties and other influences, many of which the Company has no control over. Actual results and the timing of certain events and circumstances may differ materially from those described by the forward-looking statements as a result of these risks and uncertainties. Factors that may influence or contribute to the inaccuracy of the forward-looking statements or cause actual results to differ materially from expected or desired results may include, without limitation, the Company's inability to obtain adequate financing, the length of time associated with development of mobile applications and related insufficient cash flows and resulting illiquidity, the Company's inability to expand the Company's business, lack of product diversification, existing or increased competition, results of arbitration and litigation, stock volatility and illiquidity, and the Company's failure to implement the Company's business plans or strategies.

    Follow us on Twitter, Facebook & Instagram @CURMUSIC

    CONTACT: CUER Media, Inc. Marcy Polanco mpolanco@curmusic.com +1-860-430-1520

    CUR Media, Inc



    Nanosys and Hitachi Chemical Partner to Accelerate Adoption of Quantum Dot Technology for DisplaysHitachi Chemical to begin sampling Nanosys certified Quantum Dot Enhancement Film (QDEF(R)) immediately with mass production volumes available in the second half of 2016

    SAN FRANCISCO, May 23, 2016 /PRNewswire/ -- Nanosys, Inc. announced today that Hitachi Chemical and Nanosys have partnered in the development of QDEF optical films for display applications.

    Hitachi Chemical plans to begin shipping QDEF to display manufacturers in mass production volumes during the 2(nd) half of 2016. This new supply of high quality and cost competitive QDEF will further accelerate the utilization of Quantum Dot technology in displays of all types, including UltraHD televisions, monitors and mobile devices.

    Nanosys QDEF Quantum Dot technology makes displays more vivid by enabling pure colors with lifelike brightness using cutting-edge nanotechnology. QDEF is a drop-in film that LCD manufacturers can integrate with existing production processes. It utilizes the light emitting properties of Quantum Dots to create an ideal backlight for LCDs -- one of the most critical factors in the color and efficiency performance of displays.

    "Nanosys is the innovative leader in Quantum Dot technology - always providing the best performance, design and quality to customers," said Hiroyuki Morishima, Executive Officer, General Manager R&D Headquarters, Hitachi Chemical. "We plan to begin shipping product in mass production volumes during the second half of 2016."

    "Hitachi's proven expertise in design, engineering and manufacturing of products for consumer electronics including state-of-the-art displays make them a perfect partner to help us revolutionize the Quantum Dot Display industry," said Jason Hartlove, President and CEO, Nanosys, Inc. "Together, we expect to accelerate the adoption of brighter, more colorful and environmentally friendly displays that use less energy with Quantum Dots."

    Both Nanosys (booth #1329) and Hitachi Chemical are attending Society of Information Display's DisplayWeek, May 23 - 27, 2016, in San Francisco, CA. For more information: www.displayweek.org.

    About Nanosys
    Nanosys, Inc. is the leader in developing and delivering state-of-the-art Quantum Dot technology to the display industry. Nanosys proprietary QDEF((R)) technology, a key component of the Ultra High Definition (UHD) TV revolution, is enabling a new generation of displays using Quantum Dots to deliver vivid color, lifelike brightness and incredible power efficiency at a fraction of the cost of competing technologies. Industry leading consumer electronics brands have shipped award- winning devices from tablets to TVs based on Nanosys' proprietary Quantum Dot technology.

    Founded in 2001, the company is headquartered in Silicon Valley, California where it operates the world's largest Quantum Dot nanomaterials fab with manufacturing capacity for over 25 tons of Quantum Dot materials per year. Nanosys currently owns or has exclusive license rights to more than 300 issued and pending patents worldwide. For more information, visit http://www.nanosysinc.com/

    QDEF and Nanosys are trademarks of Nanosys, Inc., registered in the United States and in other countries.

    About Hitachi Chemical
    Hitachi Chemical Co., Ltd. (TSE 4217), headquartered in Tokyo, Japan, delivers wide range of innovative products, such as electronic materials, automobile parts, energy storage devices and systems, in global markets. The company's consolidated revenues for fiscal 2015 (ended March 31, 2016) totaled 547 billion yen ($4.8 billion). For more information on Hitachi Chemical, please visit the company's website at http://www.hitachi-chem.co.jp/english/

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/nanosys-and-hitachi-chemical-partner-to-accelerate-adoption-of-quantum-dot-technology-for-displays-300271766.html

    Nanosys

    CONTACT: Jeff Yurek, Corporate Communications, 408-240-6745,
    jyurek@nanosysinc.com

    Web site: http://www.nanosysinc.com/




    RiT Technologies Reports on Recent Events and Business Situation

    TEL AVIV, Israel, May 23, 2016 /PRNewswire/ -- RiT Technologies , a leading provider of Converged Infrastructure Management Solutions, further updated today on its business situation:

    http://photos.prnewswire.com/prnvar/20151231/318577LOGO

    --  Cash flow and going concern status. No progress was made relating to the
    collection of the overdue debts of RiT CIS (Russia). The requested loan
    amount of $US 3 million under the terms of the Loan Agreement between
    RiT and STINS COMAN (its controlling shareholder), was not fulfilled up
    to now. Under the current circumstances, the Company believes that there
    is a substantial doubt about its ability to continue its operations as a
    going concern.
    --  Additional director resigned. Due to the financial difficulties the
    Company is facing, Mr. Hanan Samet resigned from RiT's Board of
    Directors (and from any sub committees thereof, including the Audit
    Committee), effective immediately. Mr. Hanan Samet was designated as an
    "Independent Director" under NASDAQ Rules.Due to the recent
    resignations, the Company currently has only one director serving - Mr.
    Sergey Anisimov. The Company is making efforts to find suitable
    replacing directors who will be duly raised for election.
    

    "As reflected in the last business updates, the Company is financially struggling and we keep actively looking for financial solutions including M&A," commented Yossi Ben Harosh, President and CEO of RiT Technologies Ltd.

    About RiT Technologies

    RiT Technologies is a leading provider of converged IT infrastructure management and connectivity solutions. RiT offers a platform that provides a unified way to manage converged systems and services to improve network utilization, streamline infrastructure operations, reduce network operation cost, optimize future investments and enhance data security.

    RiT's connectivity solution includes IIM - Intelligent Infrastructure Management, high performance end-to-end structured cabling solutions.

    RiT Technologies' subsidiary RiT Wireless Ltd. produces a range of optical wireless solutions under the Beamcaster brand, which provide high speed, highly secure data communications across indoor open spaces.

    Deployed around the world in data centers, large corporations, government agencies, financial institutions, telecommunications, airport authorities, healthcare organizations and educational facilities. RiT's shares are traded on the NASDAQ Capital Market under the symbol RITT.

    Safe Harbor Statement

    In this press release, all statements that are not purely about historical facts, including, but not limited to, those in which we use the words "believe," "anticipate," "expect," "plan," "intend," "estimate", "forecast", "target", "could" and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors, including, but not limited to, those described under the heading "Risk Factors" in our most recent Annual Report filed with the Securities and Exchange Commission (SEC) on Form 20-F, which may be revised or supplemented in subsequent reports filed with the SEC. These factors include, but are not limited to, the following: our ability to raise additional financing, if required; the continued development of market trends in directions that benefit our sales; our ability to maintain and grow our revenues; our dependence upon independent distributors, representatives and strategic partners; our ability to develop new products and enhance our existing products; the availability of third-party components used in our products; the economic condition of our customers; the impact of government regulation; and the economic and political situation in Israel. Except as otherwise required by applicable law, we expressly disclaim any obligation to update the forward-looking statements in this press release, whether as a result of new information, future events or otherwise.

    CONTACTS:
    Yossi Ben Harosh, President and CEO
    yossibh@rittech.com
    www.RiTTech.com
    +972-77-270-7270

    (Logo: http://photos.prnewswire.com/prnh/20151231/318577LOGO )

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/rit-technologies-reports-on-recent-events-and-business-situation-300273071.html

    Photo: http://photos.prnewswire.com/prnh/20151231/318577LOGO RiT Technologies

    Web site: http://www.RiTTech.com/




    AT&T Invests More Than $100 Million Over 3-Year Period to Enhance Local Networks in South Dakota

    PIERRE, S.D., May 23, 2016 /PRNewswire/ -- At AT&T[1], we've invested more than $100 million in our South Dakota wireless and wired networks during 2013-2015. These investments drive a wide range of upgrades to reliability, coverage, speed and overall performance for residents and businesses. They also enhance critical services that support public safety and first responders.

    In 2015, AT&T made 90 wireless network upgrades in South Dakota. This includes new cell sites, the addition of network capacity and network upgrades.

    "We're committed to providing our customers fast, reliable, highly secure connectivity. We want them to be able to access the Internet at any moment, from almost any device and anywhere," said Cheryl Riley, Northern Plains president, AT&T. "Our continued investment in South Dakota brings a host of new, innovative opportunities for residents and businesses."

    In 2016, for the second year in a row, FORTUNE magazine recognized AT&T as the Most Admired Telecommunications Company in the world. We also placed #48 among the Top 50 World's Most Admired companies. This is our third year in a row on the Top 50 list - AT&T is the only communications company on the list. We ranked #1 in all 9 attributes. This included innovation, financial soundness and quality of products/services. FORTUNE's Most Admired Companies lists are among the most highly respected indicators of corporate performance and reputation.

    We have big plans for 2016. We'll be giving you the ability to access and stream DIRECTV video services over a wired or wireless Internet connection from any provider and from virtually any device - smartphone, tablet, Smart TV, streaming media hardware or PC. We plan for each service to come with a set number of simultaneous sessions. These services will not require annual contracts, satellite dishes or set-top boxes.

    We have an extensive Wi-Fi network with more than 40,000 AT&T Wi-Fi Hot Spots at popular restaurants, hotels, bookstores and retailers. We provide access to Wi-Fi at more than 1 million Hot Spots around the world. Most AT&T smartphone and home Internet customers get access to our entire national Wi-Fi network at no additional cost. Wi-Fi usage doesn't count towards customers' monthly wireless data plans.[2]

    To learn more about our coverage in South Dakota, or anywhere in the U.S., visit the AT&T Coverage Viewer. For updates on the AT&T wireless network, please visit the AT&T network news page.

    Cautionary Language Concerning Forward-Looking Statements
    Information set forth in this news release contains financial estimates and other forward- looking statements that are subject to risks and uncertainties, and actual results may differ materially. A discussion of factors that may affect future results is contained in AT&T's filings with the Securities and Exchange Commission. AT&T disclaims any obligation to update or revise statements contained in this news release based on new information or otherwise.

    About AT&T
    AT&T Inc. helps millions around the globe connect with leading entertainment, mobile, high speed Internet and voice services. We're the world's largest provider of pay TV. We have TV customers in the U.S. and 11 Latin American countries. We offer the best global coverage of any U.S. wireless provider.* And we help businesses worldwide serve their customers better with our mobility and highly secure cloud solutions.

    Additional information about AT&T products and services is available at http://about.att.com. Follow our news on Twitter at @ATT, on Facebook at http://www.facebook.com/att and YouTube at http://www.youtube.com/att.

    (C) 2016 AT&T Intellectual Property. All rights reserved. AT&T, the Globe logo and other marks are trademarks and service marks of AT&T Intellectual Property and/or AT&T affiliated companies. All other marks contained herein are the property of their respective owners.

    *Global coverage claim based on offering discounted voice and data roaming; LTE roaming; voice roaming; and world-capable smartphone and tablets in more countries than any other U.S. based carrier. International service required. Coverage not available in all areas. Coverage may vary per country and be limited/restricted in some countries.

    [1] AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc.
    [2] A Wi-Fi enabled device required. Other restrictions apply. See attwifi.com for details and locations.

    http://photos.prnewswire.com/prnvar/20120612/DA23287LOGO

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    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/att-invests-more-than-100-million-over-3-year-period-to-enhance-local-networks-in-south-dakota-300273033.html

    Photo: http://photos.prnewswire.com/prnh/20120612/DA23287LOGO AT&T Inc.

    CONTACT: Mark Giga, AT&T Media Relations, Mark.Giga@att.com, 612-206-0193




    Mentor Graphics Launches Unique MicReD Power Tester 600A Solution for Electric and Hybrid Vehicle IGBT Thermal Reliability

    WILSONVILLE, Ore., May 23, 2016 /PRNewswire/ -- Mentor Graphics Corporation today announced a new MicReD(R) Power Tester 600A product which tests electric and hybrid vehicle (EV/HEV) power electronics reliability during power cycling. The MicReD Power Tester 600A offering allows EV/HEV development and reliability engineers to test power electronics (such as insulated gate bipolar transistors - IGBTs, MOSFETs, transistors, and chargers) for mission-critical thermal reliability and lifecycle performance. Thermal reliability issues can result in EV/HEV automotive recalls, and the ever wider adoption of electric and hybrid cars has created a specific need for this solution. The Mentor Graphics(R) MicReD Power Tester 600A product also meets the industry's need for power electronics thermal simulation and test, delivering unmatched accuracy and scalability.

    https://photos.prnewswire.com/prnvar/20160519/370065

    Delta Electronics develops high-efficiency and high-density power module products. "We apply the Power Tester 1500A to gain insight into the lifetime performance and assure the reliability of the IGBT module," said Andy Liao, section manager, Delta Electronics. "The Power Tester 600A could provide a scalable solution that would allow us to measure many discrete power devices or modules concurrently. This increased testing throughput would give us statistical failure data that we need in order to accurately predict the field lifetime of the products."

    Reliability, Accuracy and Scalability Solves EV/HEV Power Electronics Thermal Issues
    Designers of today's EV/HEVs are faced with significant mission-critical challenges: foremost among these is ensuring the thermal reliability of power electronics modules; detecting potential degradation of IGBTs caused by a range of standard drive cycles; and identifying the underlying damage root causes. Mentor's MicReD Power Tester 600A solution provides accurate and reliable test results that scale to real-world requirements:

    --  Comprehensive Diagnostics for Thermal Reliability: The MicReD Power
    Tester 600A product provides a simple reliability testing process for
    lifecycle estimation. Device set-up is easy and power cycles are fully
    automated. The T3Ster(R) "structure function" feature inside the Power
    Tester yields non-destructive "failure-in-progress" data for each IGBT.
    All diagnostic information is recorded during testing, from current,
    voltage and die temperature sensing, to "structure function" changes
    that point to reasons for failures in the package structure. Package
    development, reliability and batch checking of incoming parts can now be
    tested before production.
    --  Simulation Accuracy: The MicReD Power Tester 600A product can power IGBT
    modules through tens of thousands of cycles. This provides "real-time"
    failure-in-progress data for diagnostics, significantly reducing test
    time and eliminating the need for post-mortem or destructive failure
    analysis. Associated 3D CFD (computational fluid dynamics) simulation
    errors can be reduced from typically up to 20% to 0.5% for accurate
    thermal characterization of IGBTs and components due to Mentor's
    calibration technology solely found in the MicReD T3Ster product.
    --  Scalability - Tests Up to 128 IGBTs in Series: Up to eight MicReD 600A
    Power Testers can be chained together to allow users to power cycle up
    to 128 IGBTs simultaneously in a system test. The MicReD Power Tester
    600A product delivers 48V under load, and users can deal with components
    mounted externally on cooling systems for maximum flexibility. The
    MicReD Power Tester 600A also meets the needs of emerging de facto
    EV/HEV power electronics testing best practices such as those currently
    being developed for the German automotive industry.
    

    MicReD Power Tester 600A - Part of a Comprehensive Solution
    Mentor Graphics is uniquely positioned as the only company that can provide a complete thermal software simulation and hardware testing solution specifically for the EV/HEV market. The MicReD Power Tester 600A product can be coupled with Mentor's leading CFD simulation technologies. Mentor's FloTHERM(R) and FloEFD(TM) 3D CFD software provide front-loading thermal simulation of power modules. When coupled with the Flowmaster(R) full vehicle thermo-fluid system-of-system 1D CFD modeling tool, this yields unparalleled levels of accuracy. This is done by MicReD's T3Ster technology providing CFD input material properties for automated model calibration functionality to accurately simulate the real temperature response of an EV/HEV's dynamic power input. This combination of technologies allows users to generate IGBT thermal lifetime failure estimations with the greatest accuracy possible.

    "The MicReD Power Tester 600A is an extension of our total solution in automotive thermal engineering, and there is no other product like this for the EV/HEV market today," stated Roland Feldhinkel, general manager of Mentor Graphics Mechanical Analysis Division. "We have leveraged our best-in-class products to deliver a comprehensive thermal simulation and hardware test solution that meets auto maker EV/HEV industry needs while supporting the rapid growth forecast for the market in the next few years."

    Product Availability
    Mentor Graphics is now accepting orders for the MicReD Power Tester 600A with shipping scheduled for summer of 2016. For additional product information, please visit the company website: www.mentor.com/powertester-600a.

    About Mentor Graphics
    Mentor Graphics Corporation is a world leader in electronic hardware and software design solutions, providing products, consulting services and award-winning support for the world's most successful electronics and semiconductor companies. Established in 1981, the company reported revenues in the last fiscal year of approximately $1.18 billion. Corporate headquarters are located at 8005 S.W. Boeckman Road, Wilsonville, Oregon 97070-7777. World Wide Web site: http://www.mentor.com/.

    (Mentor Graphics, Mentor, FloTHERM, Flowmaster, and T3Ster are registered trademarks, and FloEFD is a trademark of Mentor Graphics Corporation. All other company or product names are the registered trademarks of their respective owners.)

    For more information, please contact:
    Larry Toda
    Mentor Graphics
    503.685.1664
    larry_toda@mentor.com

    http://photos.prnewswire.com/prnvar/20140317/AQ83812LOGO

    Photo - http://photos.prnewswire.com/prnh/20160519/370065
    Logo - http://photos.prnewswire.com/prnh/20140317/AQ83812LOGO

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/mentor-graphics-launches-unique-micred-power-tester-600a-solution-for-electric-and-hybrid-vehicle-igbt-thermal-reliability-300272138.html

    Photo: https://photos.prnewswire.com/prnh/20160519/370065
    http://photos.prnewswire.com/prnh/20140317/AQ83812LOGO Mentor Graphics Corporation

    Web site: http://www.mentor.com/

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