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Sep 11, 2008 -- Today, Nexicon (PINKSHEETS: NXCO), an emerging provider of next generation digital rights management and digital media intelligence solutions, is pleased to announce an agreement with YouTube. Under the terms of the agreement, Nexicon will serve as a third party intermediary between copyright owners and YouTube to provide content identification and monitoring services to copyright owners using YouTube's Content Management System. "We look forward to providing this game-changing service to content owner clients," said Richard Urrea, Nexicon CEO. Under the terms of the agreement, Nexicon will monitor media owners' copyrighted material by using YouTube's video identification technology to claim and monetize the content or remove it from the site. "This is a significant development for our company as we continue to provide innovative solutions for copyright holders in the digital marketplace," said Sam Glines, Nexicon's VP of Strategy. "Content owners now have the ability to monetize their copyrighted digital media and products, and we are here to deliver these capabilities." To date, Nexicon's MARC(TM) technology platform has enabled content owners to benefit from the billions of daily file transfers on the Internet, and as such, make strategic decisions, modify marketing activities, and even bolster revenue. This agreement augments the Nexicon MARC service offering to content owners. "YouTube's technology will complement Nexicon's technology and benefit content owners," said Tommy Stiansen, Nexicon CTO. "This is a strategic move towards the next generation convergent digital distribution model."
Sep 11, 2008 -- Intelli-Check - Mobilisa, Inc. (AMEX: IDN | Quote | Chart | News | PowerRating) is pleased to announce on the anniversary of 9-11, that it has delivered its advanced Defense ID security system to the Navy's premier medical facility, National Naval Medical Center, Bethesda, located in the Washington DC region. The medical center cares for the Uniformed Services and their families as well as many dignitaries including the President of the United States. Intellicheck Mobilisa provided an integrated security system with its new IM2525 advanced ID-scan system, which is equipped with improved imagers that are able to scan ID cards faster than previous systems, and the IM3000 visitor/vendor control station. The value of the recent contract was approximately $200,000 for equipment, installation, training and 24/7 technical support. "We are honored to extend our security products to Bethesda's National Naval Medical Center," said Intellicheck Mobilisa's CEO Dr. Nelson Ludlow.
Sep 11, 2008 -- Convera Corporation (NASDAQ: CNVR), a leading provider of vertical search services for publishers and FAST, a Microsoft Subsidiary, and leading provider of enterprise search technologies, today announced that the companies will collaborate on hosted vertical and site search as well as ad serving capability for the media and publishing marketplace, over the next several years. The expanded Convera/FAST relationship now includes a number of significant components that will further benefit Convera customers as well as those FAST customers that are in need of hosted vertical search: Convera will integrate FAST ESP(TM) search capabilities into its hosted vertical search solution for publishers. Publishers will be able to configure and customize an integrated site search and vertical search solution using Convera's Publisher Control Panel (PCP). Additionally, Convera will extend FAST AdMomentum across the Convera search platform for publishers. Customers of the Convera professional network would be able to leverage targeted search and contextual ad inventory supplied by Microsoft and distributed from the Convera platform. Detailed financial terms were not disclosed but the deal contains a combination of licensing fees and revenue sharing provisions.
Sep 11, 2008 -- WinZip Computing, a Corel (NASDAQ: CREL | Quote | Chart | News | PowerRating) company, today announced the availability of WinZip 12.0, the latest version of the world's leading compression software. New capabilities of WinZip 12.0 include industry-first JPEG Zip compression, a complete photo management and sharing solution, improved performance and compatibility and enhanced security options. WinZip 12.0 makes it easier than ever to work with Zip files and other popular archive formats and adds functionality to improve performance for both home and corporate users. "WinZip remains the most user-friendly compression tool available, and the new features in version 12.0 allow users to do much more than just compression," said Shawn Cole, Director of Product Management of WinZip Computing. "WinZip 12.0 includes a complete photo management solution which allows users to download, rotate, zip and send JPEG files - all with WinZip. We like to call it our from camera to grandma' photo solution."
Market Wrap for September 11th, 2008
Trading has been marked by uncertainty during recent sessions and Thursday was no exception. The uncertainty prompted the major indices to open sharply lower as jittery traders fretted over financial stocks and a lack of leadership. Financials were down more than 4% in the early going as participants placed heavy selling pressure on investment banks and brokerages (-4.6%). Investors pushed the group aside amid continued concerns regarding the future of Lehman Brothers (LEH 4.22, -3.03). Shares of LEH were downgraded this morning by a few Wall Street firms. However, word from The Wall Street Journal that Bank of America (BAC 33.06, +0.66) is in talks to buy Lehman prompted a last minute upward push in the sector. Though the financial sector spent most of the session facing losses, it was able to close 1.7% higher. Most of the session was marked by a lack of convincing leadership, which led to choppy trading. Still, the stock market turned an early loss of 1.7% into a 1.5% gain. All ten of the economic sectors opened lower, but nine managed to finish with a gain as the late financial rally pulled just about everything higher into the close. Stocks also seemed to move more independently of oil prices during the session. Crude futures spent virtually the entire session in the red, extending their downturn, slipping more than 1.5% to close below $101 per barrel. Crude has not been below the $100 mark in over five months. The decline in oil prices helped oil and gas refiners (+8.3%). Refiners are benefiting from wider crack spreads, effectively the difference between prices paid for crude and the prices charged for consumable fuels, as well as tighter supplies as they take their operations offline amid hurricane threats. Uninspiring economic data gave investors little incentive to move into stocks in the early-going. Initial jobless claims for the week ended Sept. 6 declined 6,000 to 445,000. Claims were slightly ahead of the consensus estimate. Meanwhile, continuing claims rose by more than 100,000 to 3.525 million from the prior week, reflecting a softening labor market. Meanwhile, the July trade deficit widened $62.2 billion from the prior month, surpassing the $58.0 billion deficit that was widely expected. The trade deficit figures received little attention, though the trend in the real (price adjusted) trade deficit continues to suggest they will support third quarter.
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