Tech News
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Ahern Selects VelocityEHS Solution to Support Its Safety Management System
CHICAGO, Dec. 1, 2015 (GLOBE NEWSWIRE) -- VelocityEHS, a leading cloud environmental, health, and safety (EHS) software provider, announced it has been selected by J. F. Ahern Co. ("Ahern"), one of the largest and most respected specialty contractors in the nation, to help identify and control operational risk and promote worker safety.
Ahern provides fire protection, mechanical and pipe fabrication contracting to an array of industries, including manufacturing, agriculture, biotechnology and healthcare. The company selected the VelocityEHS platform to further strengthen its safety program based on the solution's comprehensive approach to risk management and simple user experience.
"Safety is the most important thing we do at Ahern. VelocityEHS meets our safety management needs with a solution that is easy to use and implement, and better ensures we are doing everything possible to keep our workers safe," said Dustin Rusch, chief safety officer at Ahern. "With a more complete safety snapshot we can better execute incident management, risk assessments and training programs that help strengthen our safety culture and continue our improvement journey."
The VelocityEHS solution provides EHS professionals with a comprehensive and growing suite of relevant cloud EHS capabilities, including incident management, audits and inspections, compliance management, corrective actions, management of change, chemical management, risk analysis, EHS training and training tracking. The solution is backed by a customer success team that is widely recognized for delivering unparalleled customer support, earning among the highest renewal and customer satisfaction rates in the industry.
"We are honored to join Ahern and contribute to its continued commitment to worker welfare," said Glenn Trout, president and CEO of VelocityEHS. "We look forward to working with Ahern to advance its safety and risk management efforts. Together, we can ensure all employees have the tools, training and insight to complete their jobs safely."
To learn more about the VelocityEHS solution, visit www.VelocityEHS.com. Additional information on Ahern is available at www.jfahern.com.
About VelocityEHS
VelocityEHS is a leading cloud EHS software company, which helps its customers reach their environmental, health, safety and sustainability goals faster. The company delivers essential cloud EHS capabilities through a simple and intuitive platform that is more affordable, faster to implement, and aims to provide the best user experience for its customers. Its MSDSonline brand chemical management solution is among the best known names in the industry. Backed by unparalleled customer support, VelocityEHS solutions are trusted by millions of users from virtually every industry to help them improve EHS performance. And with more than 11,000 customers worldwide, VelocityEHS is among the largest and fastest growing EHS companies. The company is headquartered in Chicago, Illinois with locations in Canada, the UK and Australia.
Additional information on its MSDSonline chemical management solution can be found at www.MSDSonline.com or on its blog at www.MSDSonline.com/blog. For more information about the VelocityEHS platform, visit www.VelocityEHS.com. VelocityEHS is an Actua (Nasdaq:ACTA) company.
CONTACT: Media Contacts VelocityEHS/ MSDSonline Betsy Utley-Marin 312.881.2307 butleymarin@MSDSonline.com Actua Corporation Karen Greene 610.727.6900 karen@actua.com
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SteelSeries Rival 100 Gaming Mouse Review @ Hardware Canucks
Several years ago there was a HUGE land rush to create the next best mouse. Some took the route of adding millions of buttons with an infinite amount of resolution and slapped a big price tag on it. Thing is people bought them. Other companies decided that comfort was the most important thing and started creating ornate designs that worked for one group, *cough* Asians */cough* but were way too small for western folk.
This leaves the juicy middle with thousands of different combos to choose from. Will this mouse with its slender design and half cut price tag be the next best thing since the mouse ball?
The SteelSeries Rival 100 is the latest gaming mouse aimed at those who don't want to splash out hundreds of dollars for accurate polling and a delicate sensor. It costs just $40 but does price lead to performance?
Personally I like a little meat with my mice, who cares about buttons or features.
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Location Based Technologies, Inc. CEO Letter to Shareholders
IRVINE, Calif., Nov. 30, 2015 (GLOBE NEWSWIRE) -- Location Based Technologies® Inc. (OTCBB:LBAS) CEO, Dave Morse, has released a letter to shareholders.
Dear Fellow Shareholders,
As we draw near to the close of 2015, Location Based Technologies is providing this update on the progress and operational challenges in lieu of its normal FY 2015 end of year filing. Our stock continues to trade at unprecedented lows and market analysts tells us that our stock will continue to trade at these levels until the company achieves two essential milestones: 1st, positive operational cash flow; and 2nd, growing operations to build up capital to pay down our existing debt burden. We are acutely aware of the challenges associated with continuing to support our initiatives to reach operational profitability and we are grateful for those who have retained our stock along with our officers and directors. Every effort we make day-to-day is focused and prioritized on implementation and management of initiatives to successfully turn-around the company.
Let me share with you the progress we've made toward building momentum to sustain an operation that will reach profitability.
Since launching our product with Apple in late calendar year 2012 (FY 2013) we have made year-over-year progress as measured in Gross Profits as follows:
Gross Profits/Loss: FY 2013 ($1,679,440) FY 2014 +$141,190 FY 2015 +$794,898
Operations Overview: The following is a snap-shot of what has been achieved during the past year.
For the twelve months ended August 31, 2015 compared to the twelve months ended August 31, 2014.
- Total paid monthly users increased 24% compared to Fiscal Year 2014;
- Annual service income was $1,159,747. Service income exceeded break-even levels generating a positive 57% gross margin compared to a 5% gross margin for the Fiscal Year 2014;
- Total net revenues were $1,913,120 for Fiscal Year 2015, 12% higher than 2014; and
- Gross profits increased by 463% year over year from $141,190 to $794,898 in Fiscal Year 2015.
Cost of Revenue. For the twelve months ended August 31, 2015, cost of revenue totaled $1,118,222 resulting in the gross margin noted above of $794,898 compared to $141,190 for the twelve months ended August 31, 2014. The gross margin of 71% for the twelve months ended August 31, 2015 improved from 9% in the twelve months ended August 31, 2014, due to increased scale, increased revenues for consulting/specialty services and tight expense/cost controls.
Operating Expenses. For the twelve months ended August 31, 2015, our total operating expenses were $2,732,502 compared to total operating expenses of $3,977,800 for the twelve months ended August 31, 2014. Operating expenses decreased by $1,245,298 or 31% in 2015 from 2014. The decrease in operating expenses is primarily attributed to decreases in general and administrative expenses, compensation and professional fees.
Other Income/Expenses. For the twelve months ended August 31, 2015, we reported net other expenses totaling ($1,582,891) that consisted of financing costs, deferred financing costs, debt discounts, net interest expense and foreign currency losses compared to net other expenses totaling ($1,310,034) for the twelve months ended August 31, 2014. The $272,857 increase in other income/expenses is primarily due to financing costs associated with raising capital and interest expenses on existing notes.
Net Loss. For the twelve months ended August 31, 2015, we reported a net loss of $3,552,166 compared to a net loss of $5,147,444 for the twelve months ended August 31, 2014, due to fluctuations in operating and other expenses as previously discussed.
Technology Transition: LBT has successfully transitioned its vehicle GPS tracking devices onto the newer 3G network and this will remain our focus as AT&T continues to carry out their plans for the sunset of 2G services in early 2017. LBT has several initiatives underway focused on building up the vehicle GPS tracking business which covers both consumer and commercial business segments.
We are making progress in transitioning our personal GPS trackers to the 3G technology platform, but are lagging behind expectations we had for completion of the development. The upside to this is that there is a lack of viable 3G based personal GPS trackers on the market because of the engineering required for development and certification. So, we have not lost ground in the market yet. LBT will continue to develop the next generation of personal GPS trackers in-house under our PocketFinder brand that will serve as the upper end of our product offering. In the meantime, we are also pursuing partnerships with third-party solutions that may help to bridge our launch time lines and provide opportunities for a broader product line to attract new consumer segments.
Increase LBT's Sales Velocity: LBT will continue its primary focus on selling 3G vehicle solutions in US and Canada. We have expanded retail sales by offering our PocketFinder branded 3G vehicle tracker in the consumer electronics channel and are also pursuing resellers in the auto-parts and services channel. Before the end of 2015 we are launching a private-label platform with a new US partner having ties to commercial fleets and auto dealer channel. Support for this new partner included back-office system infrastructure modifications along with developing new iterations of our browser and mobile apps under their brand name. LBT will further leverage the infrastructure modifications to attract other like partners servicing the auto-dealer market in US, Canada, and Mexico.
Sales of our consumer branded personal trackers will continue in North America until we are able to successfully launch a 3G GPS tracker. The current PocketFinder family of products was ranked #1 in the annual review conducted by Tom's Guide, which we will leverage to accelerate sales during the transition. Sales will grow as we continue to make progress in expanding our retail footprint into Mexico. We expect to have announcements from key national retail partners in the next quarter.
LBT will also continue to nurture its growing Commercial markets in the US and Canada. Customers adopting our IoT tracking devices have verified that use of our tracking solution streamlines and lowers the cost of business processes and logistics, increases safety, and enhances asset security. LBT's wireless connected devices exchange vital information with managers and business owners proving to deliver powerful information and data with their mobile assets and personnel.
You may have noticed that we have eliminated reference to sales ventures with the US military/government and expansion into Asia that were both included in our 2014 plans. The continued impact through sequestration shrunk or eliminated reasonable expectations for significant sales while the costs to support such efforts became too burdensome. Similarly, higher than expected costs to enter and support Asian markets were simply not in our budget so the decision was made not to push forward for expansion. Our Board and management team have determined it is in the company's (and shareholders) best interest to focus on revenue opportunities with a more immediate impact to reach our short-term objectives.
Remove Non-contributing Costs: Of the major accomplishments this past year, one of the most significant is the reduction in our Operating Expenses by $1,245,298 or 31% from 2014 to 2015 while increasing our margin contribution and Gross Profits. We are still short of achieving our monthly expenses albeit much closer to becoming operationally cash flow positive. We have conducted a careful review of additional cost-saving opportunities. The single largest positive impact will come from discontinuing formal audits and associated SEC filings for a period of time – until we are self-sustaining.
The legal counsel we have received on SEC filings has indicated that LBT is not required to file by or under the Securities and Exchange act of 1934 because the company only issues stock under Rule 144. This will preclude LBT from being able to issue a Registration Statement, which is typically done by companies conducting a private offering for capital during the 12 month period in which they have not filed. With our stock price so depressed it is highly unlikely that we would do a raise and therefore do not expect to do a Registration. The company will be able to save approximately $244,000 in annual expenses which singularly cuts our operating cost gap by almost one-third. Our financial records will continue to be kept in accord with full GAAP requirements, but will not be audited. I also intend to share Quarterly results with you through shareholder letters such as this one. I cannot say how long we will refrain from filing, but you will know our progress toward becoming cash flow positive through my Quarterly letters.
Once we become fiscally sound and profitable, we expect to re-start filing. At that time we will have two paths available to us: a) we can audit back to the date of our last Quarterly filing of May 2015, and bring all financial filings up to date, or b) if we determine there is reasonable capital available to the company for an offering, we would need to audit our financials 12 full months prior to the date of that offering. There are no financial penalties associated with this action although we are committed to getting our profits up and being able to resume our filings as soon as reasonable. We strongly believe that it is a prudent move that minimizes our need for ongoing capital, allows us to continue to grow our business and become cash flow positive and still keep you, our shareholders, informed on our progress.
Every month we draw closer to reaching our profitability milestone. This will remain our primary focus. All efforts and attention will continue to concentrate on accelerating the incremental successes that will build momentum in reaching profitability.
We appreciate your ongoing support and I look forward to providing another update next Quarter.
Sincerely,
David M. Morse, PhD
CEOForward Looking Statements
This letter contains certain forward-looking statements of our intentions, hopes, beliefs, expectations, strategies, and predictions with respect to future activities or other future events or conditions within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are usually identified by the use of words such as "believe," "will," "anticipate," "estimate," "expect," "project," "plan," "intend," "should," "could," or similar expressions. These statements are only predictions and involve known and unknown risks, uncertainties and other factors. Actual results may materially different from the results, levels of activity, performance or achievements, express or implied by these forward-looking statements.
Although we believe that the assumptions underlying the forward-looking statements contained in this report are reasonable, any of the assumptions could be inaccurate, and, therefore, there can be no assurance that the forward-looking statements included in this report will prove to be accurate. We will not update these statements unless the securities laws require us to do so. Accordingly, you should not rely on forward-looking statements because they are subject to known and unknown risks, uncertainties, and other factors that may cause our actual results to differ materially from those contemplated by the forward-looking statements.
CONTACT: Investor Relations: Dave Morse, CEO, 888-600-1044 ext. 5 info@pocketfinder.com
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Website creator from Buckeye state pairs with Michigan school system
COLUMBUS, Ohio, Nov. 30, 2015 (GLOBE NEWSWIRE) -- Marshall Public Schools is partnering with a Columbus, Ohio company to relaunch its district website.
eSchoolView expects the new tailor-made site — it's first in the state — to debut in the beginning weeks of 2016. It will be created and maintained with the company's Content Management System (CMS), a flexible and easy-to-use website building software.
The new Marshall Public website will feature new and improved navigation, an enhanced responsive design that is compatible with hand-held browsers. The mobile version of the site will include real-time news, alerts, schedules and contact information.
"Through the company's collaboration with Marshall Public Schools, eSchoolView aims to develop a personalized website that will accommodate both their community and school district," Executive Director Rob O'Leary said. "Our tools help educators connect with parents and the community so they can focus on their number one priority: academic growth."
Marshall's site will also incorporate active directory integration, a centralized system that manages user data, security and distributed resources while operating with other directories.
eSchoolView builds custom websites for all K-12 schools — public, private, charter and faith-based — with its easy-to-use Content Management System (CMS) and other integrated products. The CMS platform will also expand the school district's reach through the ability to embed blogs, surveys, RSS feeds, e-newsletters, podcasts and videos.
"We create websites," O'Leary said, "but we are in the business of building strong, long-lasting relationships that serve schools and their communities."
OneView, one of eSchoolView's newest products aimed at enhancing parent engagement, is a one-of-a-kind solution to manage student data. It combines parent portal features, athletic forms, online enrollment for new students and forms for currently enrolled students in one complete package. OneView eliminates the need for parents and teachers to have multiple accounts.
eSchoolView was created in 2008. Since then, its revenue growth lands the company near the top third (at 1907) of Inc. Magazine's 5000 list of fastest growing privately held companies in the U.S. for the second consecutive year.
Photos accompanying this release are available at:
http://www.globenewswire.com/newsroom/prs/?pkgid=37881
http://www.globenewswire.com/newsroom/prs/?pkgid=37882CONTACT: Michelle Vroom, PR Strategist 1-888-932-6460, x145 mvroom@eSchoolView.com
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Independent Research Firm Names TubeMogul a Leader in Video Advertising Demand-Side Platform Evaluation
EMERYVILLE, Calif., Nov. 30, 2015 (GLOBE NEWSWIRE) -- Today, TubeMogul was named a Leader among video advertising demand-side platforms and received the highest ranking in the "Current Offering" category in The Forrester Wave™: Video Advertising Demand-Side Platforms, Q4 2015 evaluation, scoring 4.55 out of 5 potential points.
TubeMogul was among the select companies that Forrester invited to participate in its Q4 2015 Forrester Wave™ Video Advertising Demand Side Platform evaluation. In this evaluation, TubeMogul received the highest scores in "Planning Capabilities," achieving 4.60 out of 5 possible points, and 5 out of 5 points in both "TV Campaign Extension" and "Client Satisfaction" categories.
The report reads: "TubeMogul's video-first heritage empowers the buy side. TubeMogul was founded as an online video platform and designed to serve brand-focused advertisers, a departure from most online advertising's direct response bias. Its emphasis on serving branding objectives is confirmed by the strong offer of TV network private marketplaces and the platform's capabilities in planning online video that complements a linear TV schedule. TubeMogul customers gave it strong ratings for its data sourcing and management abilities, fraud prevention, and ad delivery controls. Ad agencies and marketers who want to directly manage their programmatic video buying will find the self-serve platform compelling."
Forrester conducted product evaluations in September 2015 of nine vendor companies and surveyed a total of 82 client references among their customers.
The report is available for download here.
About TubeMogul
TubeMogul (NASDAQ:TUBE) is an enterprise software company for brand advertising. By reducing complexity, improving transparency and leveraging real-time data, our platform enables advertisers to gain greater control of their global advertising spend and achieve their brand advertising objectives. TubeMogul was incorporated in 2007 and is based in Emeryville, California with operations in Kyiv, London, Mexico City, New York, Paris, Sao Paulo, Shanghai, Singapore, Sydney, Tokyo, Toronto and offices across the United States.
TubeMogul and the TubeMogul logo are trademarks or registered trademarks of TubeMogul, Inc. in the United States and other countries.
CONTACT: Media Contact: David Burch press@tubemogul.com Investor Relations Contact: Alex Wellins The Blueshirt Group investor@tubemogul.com
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Slight change to the News
For the past couple of months I have been trying out a service to bring you more "relevant" news over the normal gurgitation of hardware reviews from "friendly" websites. During this time I kinda took a backseat to posting news myself to see what would happen.
Over the past several weeks I have noticed... umm. no real noticeable change in traffic and a good number of you writing in to express a dislike to the new format. (go figure)
As a result I'll be going back to my prevision irregular schedule of techreview postings and changed the site to put a higher emphasis on Hardware Asylum generated content. You will still see the PR posts but instead of getting the full story only the title will show. The sidebar has also been changed to only show Hardware Asylum generated content.
You can still see and read about the PR stuff by going to the main news page. It is still in "blog" format but I plan to tweak that a little bit to match many of the more contemporary news sites best I can.
As always if you have any questions or concerns be sure to send me an email or drop by the forums, register for an account and post as much as you feel is needed to get your point across.
if you are interested in helping Hardware Asylum by posting techrevew type things email me and we'll talk.
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Centage Corporation Wins Gold at 7th Annual Golden Bridge Awards For Innovation in Business Process Management
NATICK, Mass., Nov. 30, 2015 (GLOBE NEWSWIRE) -- Centage™ Corporation, a leading provider of budgeting and forecasting software (Budget Maestro™) for small and medium sized businesses won Gold at the Annual 2015 Golden Bridge Awards® in the category of Innovation in Business Process Management for Analytics Maestro, a powerful financial analytics tool to fuel strategic decision making. Centage also took home Silver in the Best Deployment category based on the successful customer case study with Budget Maestro customer, M3 Midstream, LLC. The coveted annual Golden Bridge Awards program encompasses the world's best in organizational performance, products and services, innovations, executives and management teams, among others, from every major industry. More than 40 judges from a broad spectrum of industry voices from around the world participated and their average scores determined the 2015 Golden Bridge Business Awards winners.
Innovation in Business Process Management – GOLD Winner
Analytics Maestro™ for Microsoft Dynamics® GP integrates directly with Microsoft Dynamics GP to give accounting and other financial professionals simple, seamless, self-serve reports from their GL and sales order processing data without IT involvement. The dynamic tool gives accountants the power and flexibility they need to build engaging reports and real-time dashboards to deliver more accurate insight decision makers need to confidently monitor their companies' performance on a proactive basis.
Best Deployment – SILVER Winner
M3 Midstream, an independent midstream energy company, relied on archaic spreadsheets to manage their budgeting and forecasting processes. This approach was a manual process which was too inefficient and error prone. The company's business model and revenue stream depended on them providing a turn-key natural gas production facility, so being able to accurately forecast the resulting demand for cash over an 18-24 month pre-production cycle was paramount to the company's success. With detailed cash forecasting capabilities, Budget Maestro from Centage Corporation was the only solution to meet M3's needs. By leveraging user defined drivers to create and revise the budget and forecasts automatically as adjustments were made, the team at M3 was able to develop their annual budget 50% times faster than using spreadsheets. Read more HERE.
"We are pleased to be recognized as a leader in innovation for business process management," said Barry Clapp, President & CEO of Centage. "We continue to enhance our Maestro suite of products to help today's financial professionals spearhead strategic planning and analysis with tools that allow for better productivity, accuracy, and intelligence into the financial health of their organizations. It is an honor to be recognized for our commitment to this effort and our customers' success. We also congratulate M3 Midstream for being recognized as an innovator in their field and the exceptional results of their strategic approach to financial planning."
For more information follow us on Twitter @Centage or visit our blog http://centage.com/Blog/.
About the Golden Bridge Awards
Golden Bridge Awards are an annual industry and peers recognition program honoring Best Companies of all types and sizes and the people behind them in North America, Europe, Middle-East, Africa, Asia-Pacific, and Latin-America, Best Products and Services, Innovations, Management and Professionals, Women in Business and the Professions, International Business, Corporate Communications, PR and Marketing, Product Management, Customer Service, Support, Human Resources, Information Technology, and Company Milestones. Learn more about the outstanding performances in the workplace recognized by Golden Bridge Awards worldwide at www.goldenbridgeawards.com.
About Centage
Budget Maestro® by Centage is an easy-to-use, scalable, automated budgeting, planning, and forecasting application. It is designed for small to mid-market companies and automates many of the time-consuming and error-prone activities associated with using spreadsheets to generate accurate budgets and forecasts. It features built in financial and business logic that allow users to build and update their budgets and forecasts and never worry about formulas, functions, links or any custom programming. It is the only solution in the market that offers synchronized P &L, Balance Sheet, and Cash Flow reporting that generate automatically and seamlessly update. Budget Maestro serves more than 7,000 users worldwide. Visit us at www.centage.com. For more information follow us on Twitter @Centage or visit our blog http://blog.centage.com/ for the latest insights on budgeting and forecasting strategies.
CONTACT: Sarah Murray Attune Communications +1 781 378 2674 sarah@attunecommunications.com
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BOXX Unveils New Overclocked APEXX Workstation and More at Autodesk University 2015
AUSTIN, Texas, Nov. 30, 2015 (GLOBE NEWSWIRE) -- BOXX Technologies, the leading innovator of high-performance workstations and rendering systems, today announced that the new APEXX 2 2402 workstation, featuring an overclocked Intel® Core™ i7 Skylake processor, will debut at BOXX booth #1011 at Autodesk University 2015 in Las Vegas, NV. The booth will also showcase rendering within the BOXX workflow, an architectural virtual reality demonstration, and product demos hosted by visualization experts from Autodesk and Lightworks. Held at The Venetian Hotel Dec.1-3, Autodesk University welcomes design professionals from around the world to attend classes, keynotes, exhibits, product demonstrations, and other events.
"If attendees have questions regarding simulation, rendering, ray tracing, or some other aspect of their workflow, BOXX offers an environment where they can consult with leading experts," said Shoaib Mohammad, BOXX VP of Marketing and Business Development. "Our booth also enables users of 3ds Max, Revit, Inventor, Maya, V-Ray, and Iray to discover the power and performance of BOXX systems, like the new APEXX 2 2402, and experience firsthand how their applications are supposed to run."
Already the most popular system in the APEXX line, the upgraded APEXX 2 2402 now features the new Intel® Core™ i7 Skylake processor overclocked to 4.4 GHz, as well as full-length, double-width graphics cards (up to two) and 64 GB of memory. APEXX 2 offers professional grade performance for CAD, animation, motion media, and rendering applications. As an added bonus, BOXX is inviting all AU attendees to bring their own 3ds Max, Inventor, or Revit files and test the machine for themselves.
BOXX system demos will also include a variety of APEXX workstations and mobile workstations, as well as the renderPRO dedicated rendering system. Autodesk M &E Senior Technical Specialist Gary M. Davis will demonstrate Autodesk 3ds Max on the APEXX 1, the world's smallest overclocked workstation, while other APEXX 1, APEXX 2, and APEXX 4 systems will be used for Autodesk Revit, Inventor, and 3ds Max demonstrations. An APEXX 4 7402 featuring an eight-core Intel® Xeon® processor will demonstrate Lightworks' Iray + for 3ds Max, while renderPRO, the world's first desk side rendering solution, will highlight the advantages of offloading rendering and simulation tasks—a key component of The BOXX Workflow. Rounding out the BOXX lineup is the ultra-thin and ultra-light GoBOXX 15 SLM notebook demonstrating Autodesk applications while GoBOXX MXL, featuring an Intel® Core™ i7 desktop processor, will provide a much-anticipated architectural virtual reality demonstration.
"For the world's fastest, most reliable solutions and the latest information, Autodesk users look to BOXX," says Mohammad. "We're the only hardware provider that truly understands what visualization professionals need to create, test, and perfect their ideas."For further information and pricing, contact a BOXX sales consultant in the US at 1-877-877-2699. Learn more about BOXX systems, finance options, and how to contact one of their worldwide resellers, by visiting www.boxxtech.com.
About BOXX Technologies
BOXX is the leading innovator of high-performance workstations and rendering systems for visual effects, animation, product design, engineering, architectural visualization, and more. Combining record-setting performance, speed, and reliability with unparalleled industry knowledge, BOXX is the trusted choice for creative professionals worldwide. For more information, visit www.boxxtech.com.
CONTACT: John Vondrak BOXX Technologies 512-852-3326 jvondrak@boxxtech.com
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GovDelivery Recognized for Next Generation Learning Technology
ST. PAUL, Minn., Nov. 30, 2015 (GLOBE NEWSWIRE) -- GovDelivery, the leading provider of cloud-based solutions that transform the citizen experience announced today that the Federal Government Distance Learning Association (FGDLA) has recognized three GovDelivery Learning clients for innovative distance learning efforts. The U.S. Department of Transportation, Federal Highway Administration (FHWA), the Office of Personnel Management (OPM) Federal Executive Institute and the Small Business Administration have each received Five-Star Awards from the FGDLA. This round of acknowledgment for GovDelivery Learning follows awards from the Training Officers Consortium for Innovation and the Chief Learning Officer Magazine Excellence in Social Learning Awards.
"We are thrilled to congratulate these distinguished clients on this recognition from the FGDLA and are honored to have supported these and other innovative projects within the public sector over the last year," said Andrew Krzmarzick, vice president of learning and development at GovDelivery. "These pioneering organizations understand that it's time for government to modernize learning and training and deserve this recognition for their efforts in driving that transformation. We look forward to further enhancing our online learning capabilities to better serve the government community."
GovDelivery Learning, which grew out of the expertise and technology originally developed in support of GovDelivery's online learning community GovLoop, reimagines citizen education and online learning for today's public sector professionals. GovDelivery Learning transforms learning for government, whether that's converting classroom-based training or virtual delivery, overhauling ineffective educational resources, or developing a better learning management system to meet the needs of today's mobile learners. These services enable public sector organizations to drive more traffic to their training portals, and leverage learning to help audiences understand how to utilize available program resources.
With experience developing online training content for federal, state and local government employees and constituents, GovDelivery's proven methods and fresh technology increases course engagement and knowledge retention. GovDelivery's GovLoop community, for example, includes Academy.GovLoop.com which, since its launch in 2014, has provided free online training to more than 30,000 government leaders.
The FGDLA Awards reception and ceremony will be held during the 2015 GV EXPO at the Walter E. Washington Convention Center, on Wednesday, December 2, 2015.
About FGDLA
The Federal Government Distance Learning Association (FGDLA) is a nonprofit, professional association formed to promote the development and application of distance learning in the Federal Government, in accordance with Section 501(c)(6) of the Internal Revenue Code for Business Leagues and charted by the State of Ohio. Additionally, the Association actively fosters collaboration and understanding among those involved in leveraging technology and instructional media in support of the education and training needs of the Federal Government.
Focused on supporting Federal Government agencies involved in distance learning, the FGDLA encourages the application of all forms of distance learning media, as well as embracing innovative methods in integrating instructional technologies to meet the training and education needs of the Federal Government. Our membership is derived primarily from individuals employed by the various agencies within the Federal Government. The FGDLA is a chapter of the United States Distance Learning Association.
About GovDelivery
Over one thousand public sector organizations use GovDelivery's highly-secure cloud solutions every day to transform the citizen experience for more than 100 million people. GovDelivery offers leading solutions for managing government communications, internal and external learning, and data. The GovDelivery Network offers a unique and impactful way for public sector organizations to work together to cross promote content and increase digital reach. Organizations using GovDelivery see higher utilization of citizen services and greater citizen engagement. GovDelivery is an Actua (Nasdaq:ACTA) company.
- govdelivery.com
- @govdelivery
- facebook.com/govdelivery
About GovLoop
GovLoop's mission is to "connect government to improve government." We aim to inspire public-sector professionals by serving as the knowledge network for government. GovLoop connects more than 150,000 members, fostering cross-government collaboration, solving common problems and advancing government careers. GovLoop is headquartered in Washington, D.C., with a team of dedicated professionals who share a commitment to connect and improve government. GovLoop is GovDelivery's online learning community located at www.govloop.com and academy.govloop.com.
CONTACT: Media Contact: Kelsey Lund Marketing Communications Specialist Ph: 651.925.5766
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Edgewater Announces Review of Strategic Alternatives
WAKEFIELD, Mass., Nov. 30, 2015 (GLOBE NEWSWIRE) -- Edgewater Technology, Inc. (NASDAQ:EDGW), a leading consulting firm that helps business leaders drive transformational change through its unique selection of business and technology services and specialized product-based solutions, today announced that its Board of Directors has authorized the review of strategic alternatives to enhance shareholder value.
"The Board fully supports management's execution of the company's current strategic plan and believes it will drive long-term growth, financial performance and significant value for shareholders," said Edgewater Lead Independent Director Wayne Wilson. "At the same time, our Board is committed to acting in the best interests of shareholders and believes it is appropriate to explore strategic alternatives that might provide additional opportunities to enhance value for shareholders."
The company noted that there can be no assurance that the Board's review process will result in any transaction or other alternative. There is no set timetable for the strategic review process and the company does not intend to provide updates unless or until the Board approves a specific action or otherwise determines that disclosure is appropriate or necessary.
Signal Hill Capital Group LLC is serving as Edgewater's financial advisor and Hinckley, Allen & Snyder LLP and Jones Day are acting as legal counsel.
About Edgewater
Edgewater (EDGW) helps business leaders drive transformational change through its unique selection of business and technology services and specialized product-based solutions.
Classic consulting disciplines (such as business advisory, process improvement, organizational change management, M&A due diligence, and domain expertise) are blended with technical services (such as digital transformation, technical roadmaps, data and analytics services, custom development, and system integration) to help organizations get the most out of their existing IT assets while creating new digital business models.
Delivering both on premise and in the cloud, Edgewater partners with Oracle and Microsoft to offer Business Analytics, BI, ERP, and CRM solutions. Edgewater Ranzal, an Oracle Platinum Consulting Partner, provides Business Analytics solutions leveraging Oracle EPM, BI, and Big Data technologies. As an award-winning Microsoft partner, Edgewater Fullscope delivers Dynamics AX ERP, Business Intelligence, and CRM solutions, with a specialty in manufacturing.
Safe Harbor for Forward‐Looking and Cautionary Statements
Some of the statements in this press release constitute forward-looking statements under Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements involve known and unknown risks, uncertainties and other factors that may cause results, levels of activity, growth, performance, tax consequences or achievements to be materially different from any future results, levels of activity, growth, performance, tax consequences or achievements expressed or implied by such forward-looking statements. Such factors include, among other things, those listed below, as well as those further set forth under the heading "Risk Factors" in the Company's 2014 Annual Report on Form 10-K as filed with the SEC on March 2, 2015. The forward-looking statements included in this press release are related to future events or the Company's strategies or future financial performance, including statements concerning the Company's 2015 outlook, future revenue and growth, customer spending outlook, general economic trends, IT service demand, future revenue and revenue mix, utilization, new service offerings, significant customers, competitive and strategic initiatives, growth plans, potential stock repurchases, future results, tax consequences and liquidity needs. In some cases, you can identify forward-looking statements by terminology such as "may," "should," "believe," "anticipate," "anticipated," "expectation," "continued," "future," "forward," "potential," "estimate," "estimated," "forecast," "project," "encourage," "opportunity," "goal," "objective," "could," "expect," "expected," "intend," "plan," "planned," "will," "predict," or the negative of such terms or comparable terminology. These forward-looking statements inherently involve certain risks and uncertainties, although they are based on the Company's current plans or assessments which are believed to be reasonable as of the date of this press release. Factors that may cause actual results, goals, targets or objectives to differ materially from those contemplated, projected, forecasted, estimated, anticipated, planned or budgeted in such forward-looking statements include, among others, the following possibilities: (1) failure to obtain new customers or retain significant existing customers; (2) the loss of one or more key executives and/or employees; (3) changes in industry trends, such as a decline in the demand for Enterprise Resource Planning and Enterprise Performance Management solutions, custom development and system integration services and/or declines in industry-wide information technology spending, whether on a temporary or permanent basis and/or delays by customers in initiating new projects or existing project milestones; (4) inability to execute upon growth objectives, including new services and growth in entities acquired by the Company; (5) adverse developments and volatility involving geopolitical or technology market conditions; (6) unanticipated events or the occurrence of fluctuations or variability in the matters identified under "Critical Accounting Policies" in our 2014 Annual Report on Form 10-K; (7) delays in, or the failure of, the Company's sales pipeline being converted to billable work and recorded as revenue; (8) termination by clients of their contracts with the Company or inability or unwillingness of clients to pay for the Company's services, which may impact the Company's accounting assumptions; (9) inability to recruit and retain professionals with the high level of information technology skills and experience needed to provide the Company's services; (10) failure to expand outsourcing services to generate additional revenue; (11) any changes in ownership of the Company or otherwise that would result in a limitation of the net operating loss carry forward under applicable tax laws; (12) future proxy contests could be disruptive and costly, and the possibility that activist stockholders may wage proxy contests or gain representation on or control of the Board of Directors could cause disruption and/or uncertainty to the Company's business, customer relationships and employee retention; (13) the failure of the marketplace to embrace advisory and product-based consulting services; (14) changes in the Company's utilization levels; and/or (15) pending, threatened or future legal proceedings in connection with the unsolicited, all-stock proposal from AMERI Holdings, Inc. to acquire Edgewater for $8.50 per share. In evaluating these statements, you should specifically consider various factors described above as well as the risks outlined under Part I - Item IA "Risk Factors" in the Company's 2014 Annual Report on Form 10-K filed with the SEC on March 2, 2015. These factors may cause the Company's actual results to differ materially from those contemplated, projected, anticipated, planned or budgeted in any such forward-looking statements.
Although the Company believes that the expectations in the forward-looking statements are reasonable, the Company cannot guarantee future results, levels of activity, performance, growth, earnings per share or achievements. However, neither the Company nor any other person assumes responsibility for the accuracy and completeness of such statements. Except as otherwise required, the Company undertakes no obligation to update any of the forward-looking statements after the date of this press release to conform such statements to actual results.
Additional Information
In connection with the consent solicitation initiated by Lone Star Value Investors, LP, the Company has filed a definitive consent revocation statement and other documents regarding the Lone Star proposals with the SEC, may file additional documents with the SEC and is mailing a consent revocation statement and a consent revocation card to each stockholder of record entitled to deliver a written consent with respect to the Lone Star proposals. STOCKHOLDERS ARE ENCOURAGED TO READ THE CONSENT REVOCATION STATEMENT AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC WHEN THEY BECOME AVAILABLE, BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION. Investors and security holders are able to obtain the documents free of charge at the SEC's website, www.sec.gov, from Edgewater at its website, www.edgewater.com, or 200 Harvard Mill Square, Suite 210, Wakefield, Massachusetts 01880, Attention: Corporate Secretary.
Participants in Solicitation
The Company and its directors and executive officers may be deemed to be participants in the solicitation of consent revocations in connection with the Lone Star proposals. Information concerning the Company's participants is set forth in the definitive consent revocation statement, dated November 25, 2015, as filed with the SEC on Schedule 14A. The Company intends to mail the definitive consent revocation statement to stockholders on or about November 30, 2015.
CONTACT: INVESTOR CONTACT: Edgewater Technology, Inc. Timothy R. Oakes Phone: (781) 246-6984 E-mail: toakes@edgewater.com MEDIA CONTACT: Sard Verbinnen & Co Bryan Locke / Debbie Miller Phone: (312) 895-4700 E-mail: blocke@sardverb.com / dmiller@sardverb.com
