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June 26, 2008 -- DealerAdvance, Inc. (OTCBB:DLAV), announced today that the company has signed University GMC of Durham, NC and University VW/Audi in Seattle, WA to new contracts for DealerAdvance adding over $100,000 in sales. In making the announcement CEO Steven Humphries said, "These stores were two of the first clients of the Company and we are very excited to have them continue to be our clients." VP of Sales Dave Scaturro said, "We're always pleased to renew client contracts, but in this case were are especially pleased as University GMC and University VW/Audi have been an important part of our client base for a number of years. We are extremely pleased that they have chosen to continue to do business with DealerAdvance." WebDA is the newest iteration of DLAV's hand-held "CRM" application. The new hand-held application allows sales people and dealers to access their sales operation (daily appointments set, deals pending, deals closed, demos, individual work plans, etc.) on or off the lot, which allows management to view hour-by-hour activities of the dealership for virtually anywhere, anytime. According to Humphries, it's accountability at its best as dealers that have utilized the original DealerAdvance system have shown a 90% increased in captured customer data and a 30% increase in appointment setting.
June 26, 2008 - Callidus Software Inc. (NasdaqGM:CALD), the leader in Sales Performance Management (SPM), today announced the expansion of Callidus Software's suite of software products to deliver corporate alignment with one unified system. The new SaaS-based software module, TrueTarget(TM), combines SPM and Employee Performance Management (EPM) capabilities to deliver Pervasive Performance Management (PPM) across the entire enterprise. The concept of PPM offers a single, business-wide, pay-for-performance solution for companies. Available in the fourth quarter of 2008, Callidus Software's TrueTarget(TM) software broadens the Callidus suite to provide objectives and bonus management functionality. It extends the value of Callidus' solutions beyond sales to every aspect of the business. TrueTarget software enables organizations to unify performance management of sales and employees on a single compensation management foundation. The software empowers organizations to align behaviors, actions, and tasks of all employees with corporate objectives. TrueTarget offers analytics dashboards that give managers and executives ongoing visibility to a Balanced Scorecard view of employee performance.
June 26, 2008 - Park City Group, Inc. (OTCBB:PCYG), developer and marketer of patented computer software and consulting services which enable its retail customers to increase sales while reducing inventory and labor costs, announced it has deployed, under a previously announced subscription contract, its ActionManager subscription service for a leading North American gift shop retailer. The retailer has identified more than 45 locations nationwide to roll out ActionManager. Among other features, the ActionManager suite of products manages labor scheduling and automates the HR workflow in the national chain. Since the retailer's initial October 2007 subscription for ActionManager, Park City Group has worked closely with this specialty retail customer to develop and deliver the precise tools and analytics necessary to determine the best way to address varied local, state, national and international requirements. In order to help maximize store level profitability, ActionManager optimized schedules based upon forecasted workload. By automating workflow, Park City Group enabled store managers to spend less time managing paperwork and more time assisting its customers. ActionManager is a suite of operations management applications that provide an automated method for retail managers to plan, schedule and administer virtually every time-consuming task at the store level. ActionManager is rules-based, easily tailored and event driven.
June 26, 2008 -- Toyota (NYSE: TM | Quote | Chart | News | PowerRating) and Great Smoky Mountains National Park have partnered to foster environmental education through Toyota's contribution of $1 million and three hybrid vehicles to America's most visited national park. In support of raising environmental awareness, the donation will enhance and develop a variety of new science education initiatives for K-12 students, teachers and families to encourage careers in science and service-learning opportunities. The donation, which was made through Friends of Great Smoky Mountains National Park, the park's non-profit fundraising partner, is part of Toyota's $5 million contribution in support of five national parks and the National Park Foundation to enhance environmental leadership and educational programs at parks around the country. Through Toyota's grant, Great Smoky Mountains National Park will develop a variety of science education opportunities to enhance its existing educational programs and introduce new specialized programming to promote careers in science.
Market wrap for June 26, 2008: The stock market fell nearly 3% Thursday, slipping below 1300 to close at its session low, while the Dow Jones Industrials Average dropped to a new 52-week low. Moving in the other direction, crude prices hit a new intraday record high, crossing the $140 per barrel threshold.
Large-cap tech names were among the session's worst performers as the Nasdaq 100 fell more than 4%. Namely, Research In Motion (RIMM 123.46, -18.88) fell more than 13% to its lowest level in two months. The company disappointed investors by reporting earnings per share results that were a penny shy of the quarterly consensus estimate. Meanwhile, Oracle (ORCL 21.42, -1.13) disappointed its investors with an underwhelming forecast.
All ten of the major economic sectors finished markedly lower. Five sectors closed with losses in excess of 3%.
Financials (-4.4%) were the session's worst performing economic sector. According to reports, Goldman Sachs stated Citigroup (C 17.67, -1.18) may incur additional write-downs and may also raise more capital, while Merrill Lynch (MER 33.05, -2.41) may need to raise additional capital as well. Shares of C were added to Goldman's Conviction Sell List, according to Dow Jones; the stock hit a new 52-week low today.
Also hitting a 52-week low were shares of Dow components General Motors (GM 11.43, -1.38) and General Electric (GE 26.53, -1.46). Goldman Sachs cut estimates for General Motors, while The Wall Street Journal reported GE is having difficulty selling its credit card business.
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