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Jun 26, 2008 -- Pine Ridge Holdings, Inc. (PINKSHEETS: PINR | Quote | Chart | News | PowerRating) CEO Kevin May announced today that ServeNation has aligned its staff to follow the quick growth / spin off strategy recently announced by the company. May explained, "Andrew Maley has been hired as Vice President of Sales and Marketing for ServeNation to aggressively pursue three areas -- 1) the addition of independent contractors to penetrate high opportunity areas of the country. Currently ServeNation has nine independent contractors and estimates having 15 by October 1, 2008. 2) to manage growing incoming requests and add new ServeNation stores. Today, ServeNation hosts a dozen stores and has a goal to bring this number to 500 by November 1 -- the beginning of the holiday buying season. Gift cards sales totaled $26 billion during the holiday season of 2007 and it is estimated that 500 active gift card stores will generate more than 100 orders per day. 3) aid in the education of consumers using the store. ServeNation has recently added a recurring order feature allowing just one visit to a ServeNation store to generate automatic monthly orders. More information about Mr. Maley will be made available on the company website." May added, "I am also providing Mr. Maley with support from Pine Ridge employees who are being shifted to help with this growth effort. It is also my hope that PINR shareholders will be a part of the rapid growth of ServeNation. If each shareholder would choose a charitable cause from the ServeNation website and encourage others to use the ServeNation stores, we would add fifty more orders per day in no time at all. This not only helps the charity and the company, it is done in a manner which gives each purchaser full value of the purchase."
Jun 26, 2008 -- Kenexa (Nasdaq: KNXA), a leading provider of recruitment and retention solutions, today announced the general release of Kenexa Cultural Fit(TM) and Kenexa Job Compatibility(TM), web-based assessment tools designed to increase retention, decrease turnover, and increase organizational and job commitment. "Determining the best person-organization fit and best person-job fit is imperative in achieving a productive workforce. Kenexa's new assessment tools measure an individual's tendency to fit into an organization's culture and their ability to meet the demands of the job. Developed to predict retention, these tools can greatly decrease turnover and enhance overall employee commitment and job satisfaction," said Russ Becker, global assessment business unit leader, Kenexa. Kenexa Cultural Fit is used to assess whether a candidate endorses the corresponding organizational values and fits within the organizational culture. This assessment can also be used to reinforce or establish change within the organizational culture if needed. Kenexa Cultural Fit can be used as an off-the-shelf solution or can be customized to meet each organization's individual needs and values. Kenexa Job Fit assesses whether specific job characteristics reflect the needs and preferences of the applicant. Appropriate for use in candidate selection, Kenexa Job Fit relates to work attitudes including job satisfaction, organizational commitment and intentions to quit.
Jun 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. "This retailer is successfully utilizing our ActionManager product under our new subscription-based model," said Randall K. Fields, Chairman and CEO. "This specialty retailer is now addressing both labor demands and customer service needs by maximizing employee utilization and decreasing labor costs - without negatively impacting sales revenues. "This successful deployment of subscription services demonstrates that our entire product line can be sold and serviced through a recurring revenue model which we introduced in 2007. Our ActionManager suite of products allows us to continue to deliver on our promise to ensure that the retailer has the Right People, Doing the Right Things, At the Right Time' by applying analytics to manage operational processes."
Jun 26, 2008 -- Network Equipment Technologies, Inc. (NYSE: NWK), a global provider of multi-service network and voice exchange solutions for government and enterprise customers, announced today that Brepols Publishers, an international academic publishing house in Belgium, successfully facilitated its Microsoft Office Communications Server (OCS)-based implementation of unified communications (UC) and unified messaging using NET's VX Series intelligent VoIP switches and gateways. The NET VX Series' exceptional compatibility and interoperability enabled Brepols to effectively implement Microsoft's solution in its existing network-and-telecom environment so that it could rapidly gain the business benefits of convergence without losing the use of its existing fax machines, compromising access to local emergency services, or otherwise disrupting its ongoing business. "NET's VX Series enabled Brepols to quickly and effectively implement highly sophisticated converged communications in a relatively small -- but still rather complex -- existing infrastructure," said Wim Borgers, IT and Administration Manager for Brepols. "We are extremely satisfied with both the functionality of NET's hardware and the obvious expertise that NET demonstrated in accommodating our very exacting technical requirements." "There are a lot of potentially lucrative things that companies can do with communications to improve their bottom lines, but there can also be significant obstacles to achieving those short- and long-term project goals," said Chuck Rutledge, VP of Corporate Marketing for NET. "Brepols has used the advanced VoIP gateway features found in the VX1200 to address the complexities of integrating Microsoft OCS into their network. Their roadmap has a number of challenges, including SIP WiFi clients registered to the VX, SIP trunks to other countries, such as France, the US and Italy, and Polycom SIP phones. All of these can be addressed with the VX Series."
Market Wrap for June 26th, 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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