(OTCBB: FORC | Quote | Chart | News | PowerRating) Force Energy Corp.
(NASDAQ: DENN) Denny's Corp.
(NASDAQ: DEPO) DepoMed, Inc.
(NASDAQ: DRIV) Digital River, Inc.
(NASDAQ: EBIX) Ebix, Inc.
(NASDAQ: EPIC) Epicor Software Corp.
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(OTCBB: FORC | Quote | Chart | News | PowerRating) Force Energy Corp.
BREAKING NEWS!!
Force Energy Corp. Provides Shareholder Update
DENVER, COLORADO, Oct 13, 2009 -- Force Energy Corp. (OTCBB: FORC)(FRANKFURT: FC2) (hereafter "Force", "the Company"), is pleased to provide the following update on the Company.
Force Energy has raised $1 million in equity financing to date for the acquisition of low cost/high yield prospects. This financing has enabled the company to acquire significant working interest in both the Diamond Springs Prospect located within the Wind River Basin of Wyoming as well as the Hayter Prospect, located in Hayter, Alberta.
Force Energy has engaged Continental Production Co. to be the operator on drilling activities for the Diamond Springs Prospect. The Company intends to permit up to three wells on the prospect within the next sixty days to enable not only the start of our drill program this drilling season, but also to maximize the potential for drill rig productivity and expansion.
About Force Energy Corp.
Force Energy Corp. is an Oil & Gas Exploration and Development Company based in Denver, CO with a focus on Wyoming. Using a geology-based methodology, the US Geological Survey estimate a mean of 2.4 trillion cubic feet of undiscovered natural gas and a mean of 41 million barrels of undiscovered oil in the Wind River Basin Province of Wyoming. Force Energy Corp. has acquired 75% working interest in the Diamond Springs Prospect located within this prolific area. The Company's shares are publicly traded on the OTCBB under the ticker symbol FORC.
On behalf of the Board of Directors
FORCE ENERGY CORP.
Legal Notice Regarding Forward-Looking Statements
Legal Notice Regarding Forward-Looking Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined, and assumptions of management. Forward looking statements are generally, but not always, identified by the words "expects", "plans", "anticipates", "has", "believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective", "prospective", and similar expressions or that events or conditions "will", "would", "may", "can", "could" or "should" occur. Information concerning oil or natural gas reserve estimates may also be deemed to be forward looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed.
Actual results may differ materially from those currently anticipated due to a number of factors beyond the reasonable control of the Company. It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include misinterpretation of data, inaccurate estimates of oil and natural gas reserves, the uncertainty of the requirements demanded by environmental agencies, the Company's ability to raise financing for operations, breach by parties with whom we have contracted, inability to maintain qualified employees or consultants because of compensation or other issues, competition for equipment, inability to obtain drilling permits, potential delays or obstacles in drilling operations and interpreting data, the likelihood that no commercial quantities of oil or gas are found or recoverable, and our ability to participate in the exploration of, and successful completion of development programs on all aforementioned prospects and leases. Additional information on risks for the Company can be found in the Company's periodic filings filed from time to time with US Securities and Exchange Commission at www.sec.gov.
This press release does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "Securities Act"). They may not be offered or sold in the United States (as defined in Regulation S under the Securities Act), except pursuant to an exemption from the registration requirements of the Securities Act.
Cautionary Note to U.S. Investors - The United States Securities and Exchange Commission permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We use certain terms such as estimates of a mean of undiscovered natural gas and estimates of a mean of undiscovered oil that the SEC's guidelines strictly prohibit us from including in filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 10-K and other periodic reports filed by us from time to time with the SEC, available from us at www.sec.gov. You can also obtain this form from the SEC by calling 1-800-SEC-0330.
Contacts: Investor Relations: Force Energy Corp.
Rahim Rayani, President & CEO 1-866-953-FORC (3672) ir@forceenergycorp.com www.forceenergycorp.com
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(NASDAQ: DENN) Denny's Corp.
Denny's Slams Back with New Better Burger That's Too Good to Eat on the Run
Five Better Burger creations feature new ingredients top to bottom, inside and out
SPARTANBURG, S.C., Oct 12, 2009 -- Denny's (NASDAQ:DENN) is calling on all Americans to try its Better Burger that's too good to eat on the run. Denny's dispatched its chefs to discover the best of the best and built a thicker, juicier Better Burger, featuring new ingredients top to bottom, inside and out. The made-fresh-for you, hand-pattied Better Burger with cheese is available now in five varieties served with new wavy-cut fries and a Coke for a tempting starting price of $6.99.
Denny's knows America is hot and hungry for burgers so the company turned up the heat with a passion to slam the country's cravings again. Research shows that 21 percent of consumers claim they are eating more burgers.[1] The burger is by far the nation's favorite menu item chosen by 84 percent of those dining out[2]and is credited with more than 40 percent of all restaurant sandwiches consumed.[3] Even fine dining establishments and top chefs are following the trend creating upscale burgers to satisfy the desires and palates of their clientele leading to 30 percent growth in the segment over the past three years.[4]
"Burgers are a force to be reckoned with," said Nelson Marchioli, Denny's chief executive officer. "Just like Denny's, they are quintessentially American...the burger unites us, comforts us and is accessible to all of us. Denny's built a better burger that will be irreplaceable in the hearts, minds and bellies of American consumers...a burger that consumers will want to wrap their hands around and savor sitting down."
Denny's chefs tasted, tested and built a burger top to bottom, inside and out, never a heat lamp or single paper-wrapped patty in sight. Denny's Better Burger masterfully features the following ingredients: 100 percent seasoned beef, hand-pressed and grilled to juicy perfection, layered with the ideal amount of melted cheese, topped off with crisp shredded lettuce, crunchy, thick-cut pickles, fresh tomatoes and sliced red onion all cradled in a specially baked, just-right-size, toasted bun.
Simply put, Denny's built a Better Burger -
Better Bun: Perfectly sized*, perfectly toasted, perfectly delicious sesame seed bun replaces, less fitted sesame seed bun spread with margarine and toasted
*Burger to bun ratio 33 percent/66 percent replaces 25 percent/75 percent
Better Burger: 100 percent seasoned ground beef (.5 percent salt); hand-pattied with a flavor all its own replaces highly flavored ground beef with a mixture of five seasonings
Better Cheese: Thicker, creamier, perfectly melted slice replaces single thin slice
Better toppings: Cool, crisp, fresh shredded iceberg lettuce to improve texture and color replaces leaf lettuce, and is accompanied by crunchy, thick-cut pickles, fresh tomatoes and sliced red onion
"The burger is Denny's second most popular menu selection behind its hearty Grand Slam breakfasts and now we have rebuilt it to make an even better burger," said Mark Chmiel, Denny's chief marketing officer. "It's a burger that tastes way too good to eat on the run ... it deserves to be served, and it's easy on the pocketbook."
For those who prefer the convenience of take out, the Better Burger is available in customized Denny's Dome packaging which keeps food hot and fresh for up to 30 minutes providing the same table service-quality food for customers on the go.
Denny's new Better Burger menu includes:
Western Burger
Tangy steak sauce drizzled over onion crispers and melted Swiss cheese. Served with lettuce, tomato and red onions.
Double Cheeseburger
Two beef patties and two slices of cheese. Served with lettuce, tomato, pickles and red onions.
Classic Cheeseburger
Choice of American, Swiss, cheddar, or pepper jack cheese. Served with lettuce, tomato, pickles and red onions.
Mushroom Swiss Burger
Topped with melted Swiss cheese and mushrooms sauteed in garlic and herbs. Served with lettuce, tomato, pickles and red onions.
Bacon Cheddar Burger
A classic burger topped with crisp bacon and cheddar cheese. Served with lettuce, tomato, pickles and red onions.
About Denny's
Denny's is America's largest full-service family restaurant chain, with more than 1,500 locations. For more than 50 years, Denny's has been serving up real breakfast 24/7. Home of the famous Grand Slam(R) breakfasts, Denny's provides a variety of flavorful food and beverage choices. For more information on Denny's, please visit www.dennys.com.
[1] (1)Technomic Information Services [2] (2)Restaurants and Institutions [3] NPD National Eating Trends Research [4] (4)Datassential, Menutrends Direct
America's insatiable appetite for burgers
Fun Facts
-- Americans consume approximately 14 billion burgers each year.(1)
-- 41 percent of American consumers eat burgers at least once a week. 85 percent eat burgers at least once a month.(2)
-- 21 percent of consumers say they are eating more burgers today compared to two years ago.( 2)
-- Consumers rank quality/taste of meat, good portion size and fresh ingredients as the most appealing burger attributes.( 2)
-- Burgers are the most frequently ordered menu item, with 84 percent of consumers selecting a burger as the most frequently ordered menu item in 2007.( 3)
-- Burgers account for more than 40 percent of all restaurant sandwiches consumed throughout the country.( 4)
-- Though commonly thought of as fast food, burgers are, in fact, most highly penetrated on full-service menus. While 36.2 percent of QSR operators menu burgers, there is higher penetration at midscale (46.8 percent), casual (57.3 percent) and even fine dining (46.5 percent) restaurants.(5)
-- Only 8 percent of consumers report they like their burgers plain without
-- Fletcher "Old Dave" Davis from Athens, Texas is widely believed to have invented the burger which he sold as a ground beef patty sandwich at the St. Louis World's Fair Louisiana Purchase Exhibition in 1904.(6)
-- The Hamburger Hall of Fame is located in Seymour, Wisconsin.
-- The first restaurant chain to serve the burger was White Castle in Wichita, Kansas in 1921.( 7)
-- Burgers have enjoyed a 30 percent penetration growth in the fine dining segment over the past three years.(5)
-- Following the comfort food trend earlier in the decade, fine dining restaurants responded with revolutionary upscale burgers made from high quality, distinctive ingredients. This has carried over into other segments offering burgers of increasing sophistication.(5)
-- 63 percent of American consumers like to customize their burger condiments and toppings and 55 percent think restaurants should offer a variety of burger sizes. "Build-your-own burger" is one of the hottest trends in the burger industry.( 2)
-- Burgers become presidential in 2009. On May 5, President Obama puts burgers on the political radar when he makes an unannounced stop at Ray's Hell-Burger in Arlington, VA where he ordered a fresh grilled burger and dined-in for lunch.
References:
(1)Sysco Today, Summer 2007
(2)Technomic Information Services, The Burger Consumer Trend Report, 2007
(3)Restaurants and Institutions, Taste of America Study, 2007
(4)NPD National Eating Trends Research, 2007
(5)Datassential, Menutrends Direct, The Better Burger, 2008
(6) Tolbert, F. X. 1983. The Henderson County Hamburger. In Tolbert's Texas. Garden City, NY: Doubleday & Co
(7)Ingram, E.W., Sr. All This from a 5-cent Hamburger! The Story of the White Castle System. New York: The Newcomen Society, 1964
Top to bottom, inside and out Denny's new Better Burger is Built better than ever
New Better Burger Retired Burger 100% seasoned beef (.5% salt) Flavored with a mixture of five seasonings resulting in an unnatural A better burger experience taste Hand-pressed on the grill Grilled from pre-formed patties resulting in a tighter, tougher Natural, homemade texture, better flavor texture and significantly reduced juiciness Customized press for perfect thickness Thicker, creamier cheese Thin slices of cheese resulted in inconsistent melt and lack of Better quality, better melt with increased presence and richer discernable cheese presence and mouthfeel mouthfeel Cool, crisp, fresh shredded iceberg lettuce Green leaf lettuce Improved texture, color Wilts and turns black under heat Holds up better to heat Lacks texture and crispness once heated Adds loft to the build Perfectly sized, perfectly toasted Spread with margarine and grilled sesame seed bun Burger to bun ratio 25 percent/75 percent Reduced calories (no margarine) Margarine caused the buns to become soggy Better fit - burger to bun ratio 33 percent/66 percent Dry-toasting results in a pleasant textural contrast while preventing the bun from becoming soggy ------------------------------------------------------------------------------------------------------------------------------------------------------------
(NASDAQ: DEPO) DepoMed, Inc.
BREAKING NEWS!!
Depomed Reports Results From Two Phase 3 Clinical Trials Evaluating Non-Hormonal Therapy for Menopausal Hot Flashes
MENLO PARK, Calif., Oct 12, 2009 -- Depomed, Inc. (NASDAQ:DEPO) announced today top-line results from the BREEZE 1 and 2 Phase 3 clinical trials evaluating the safety and efficacy of Serada(TM), an investigational non-hormonal extended release formulation of gabapentin for the treatment of menopausal hot flashes.
In the higher dose treatment arm of the two doses evaluated, the 1800mg dose achieved positive results at 4 weeks. All four co-primary endpoints of the 1800mg dose at 4 weeks demonstrated significant reductions in frequency and severity in both clinical trials (p-values ranged from 0.0001 to 0.004). Of the other four co-primary endpoints of the 1800mg dose at 12 weeks, one endpoint was positive (p=0.0026) while the other three endpoints did not achieve statistical significance.
In the lower dose treatment arm, the 1200mg dose at 4 weeks achieved statistical significance in three of the four co-primary endpoints. Frequency was significantly reduced in both clinical trials (p-values of 0.0024 and 0.0117) at four weeks. Severity was significantly reduced in only one trial (p-value 0.0016). Of the other four co-primary endpoints of the 1200mg dose at 12 weeks, one endpoint was positive (p=0.0024) while the other three endpoints did not achieve statistical significance.
The primary endpoints in the studies were a statistically significant reduction in the frequency and severity of menopausal hot flashes relative to placebo after 4 weeks and 12 weeks of stable treatment. Both patients' and clinicians' impression of overall improvement in the higher dose treatment arm was highly statistically significant relative to placebo in both studies.
Additional efficacy and safety details will be provided on Depomed's investor conference call scheduled for today, October 12, 2009.
"We remain very enthusiastic about Serada and our menopausal hot flash program. There is a large unmet need for a non-hormonal hot flash therapy, and we believe Serada has the potential to address that need," said Carl Pelzel, Depomed's president and chief executive officer. "We look forward to meeting with the FDA later this quarter to discuss these results, the path to approval and any additional clinical work that may be required."
"We are pleased to see that the 1800mg dose clearly demonstrated Serada's efficacy at 4 weeks while the lower 1200mg dose at 4 weeks achieved three of the four co-primary endpoints. While the drug effect in the studies was what we expected to see, there was an unexpectedly high placebo effect, particularly in the latter part of one of the studies," said Dr. Michael Sweeney, M.D., Depomed's vice president, Research and Development. "We need to extensively analyze the data to better understand all of the implications in order to refine our approach to any additional development."
Study Design
In each BREEZE study, patients were randomized into three treatment arms: placebo; Serada 1200mg dosed once daily; or Serada 1800mg twice daily (dosed 600mg in the morning and 1200mg in the evening). BREEZE 1 and 2 combined enrolled 1,100 patients. The four co-primary efficacy endpoints in both studies were the reductions in the mean frequency of moderate to severe hot flashes, and the average severity of hot flashes, measured after four weeks and 12 weeks of stable treatment. Patients in the BREEZE 2 study received twelve weeks of treatment, while patients in the BREEZE 1 study were treated for six months in order to assess safety and persistence of efficacy.
Safety
Serada was generally well tolerated in both BREEZE trials. The most common adverse events were dizziness and somnolence. The incidence of dizziness in the active arms was between 17% and 24% (compared to 3% for placebo). Somnolence ranged from 7% to 19% in the active arms (compared to 2% or 3% in the placebo arms).
About Menopausal Hot Flashes
Hot flashes, which affect 32 million women in the U.S. annually, are characterized by a sudden, temporary onset of body warmth, flushing and sweating. Hot flashes are disruptive and impact women's overall quality of life, affecting their mood and their ability to sleep. In fact, insomnia typically worsens with the severity of hot flashes. According to the North American Menopause Society, hot flashes are the most common menopause-related discomfort. Research suggests hot flashes occur when the body's internal thermoregulatory mechanism (located in the hypothalamus) becomes irregular, narrowing the body's thermoneutral zone. Thus, even small fluctuations in body temperature can cause menopausal women to experience perfuse sweating or severe chills that would not affect a person with a properly functioning thermoregulatory mechanism.
About Serada
Serada is an extended-release formulation of gabapentin for the treatment of menopausal hot flashes using Depomed's proprietary Acuform(R) drug delivery technology. By combining gabapentin with Acuform technology, Serada is absorbed slowly into the upper gastrointestinal tract over several hours rather than immediately. Immediate release formulations of gabapentin have been approved by the FDA to treat neuropathic pain and epilepsy.
Investor Conference Call
Depomed will host a conference call today, October 12, 2009, beginning at 9:00 a.m. ET, 6:00 a.m. PT to discuss the results of the trials in further detail. The conference call will be available via a live webcast on the investor relations section of Depomed's website at http://www.depomed.com. Please access the website 15 minutes prior to the start of the call to download and install any necessary audio software. An archived webcast replay will be available on the Company's website for three months.
About Depomed
Depomed, Inc. is a specialty pharmaceutical company with one product candidate through Phase 3 clinical development, another in Phase 3 clinical development, two approved products on the market and other product candidates in its early stage pipeline. Product candidate DM-1796 has completed Phase 3 clinical development and has been licensed to Solvay Pharmaceuticals. A New Drug Applications for DM-1796 is expected to be filed with the FDA in the first quarter of 2010. Product candidate Serada(TM) is in Phase 3 clinical development for menopausal hot flashes. GLUMETZA(R) (metformin hydrochloride extended release tablets) is approved for use in adults with type 2 diabetes and promoted by Santarus, Inc. in the United States. Depomed formulates its products and product candidates with its proven, proprietary Acuform(R) drug delivery technology, which is designed to improve existing oral medications, allowing for extended, controlled release of medications to the upper gastrointestinal tract. Benefits of Acuform-enhanced pharmaceuticals include the convenience of once-daily administration, improved treatment tolerability and enhanced compliance and efficacy. Additional information about Depomed may be found on its website, www.depomed.com.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995.
The statements that are not historical facts contained in this release are forward-looking statements that involve risks and uncertainties including, but not limited to, those related to Serada and potential benefits of Serada; our research and development efforts, including pre-clinical and clinical testing; regulation by the FDA and other government agencies; the timing of regulatory applications and product launches; and other risks detailed in the company's Securities and Exchange Commission filings, including the company's Annual Report on Form 10-K and most recent Quarterly Report on Form 10-Q. You are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date hereof. The company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
SOURCE: Depomed, Inc.
CONTACT:
Depomed, Inc. Sheilah Serradell, 650-462-5900 (Investors) sserradell@depomed.com
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(NASDAQ: DRIV) Digital River, Inc.
BREAKING NEWS!!
Digital River Informed By Symantec That It Will Not Extend E-commerce Contract Beyond June 30, 2010 Expiration
Expects Third Quarter Revenue and Earnings Per Share At Or Slightly Above Top End of Guidance Range
MINNEAPOLIS, Oct 12, 2009 -- Digital River, Inc. (NASDAQ: DRIV), a leading provider of global e-commerce solutions, announced today that Symantec Corporation (NASDAQ: SYMC) has notified Digital River that Symantec will not extend its existing e-commerce agreement. The agreement, under which Digital River provides a variety of e-commerce-related services to Symantec, expires on June 30, 2010.
Symantec informed Digital River on Friday, October 9th that it expects to move all of the online traffic currently outsourced to Digital River to an internally developed Symantec e-commerce system before the current contract expires. Symantec has not yet informed Digital River regarding the timing of its migration plans or the nature of the support it will require from Digital River during the transition period.
"We are surprised and deeply disappointed that Symantec has chosen to move to an internally developed system, but we remain very confident in the future of our business," said Joel Ronning, Digital River's CEO. "While Symantec is still our largest customer, the proportion of Symantec revenues relative to our other customers has declined significantly over the past few years as our non-Symantec business has grown at an increasing rate. Our company is financially strong, our new business pipeline remains healthy, and sales activity in the software, consumer electronics and business-to-business sectors continues to grow. As more businesses move to online sales and distribution, Digital River is well positioned for future growth and we are confident in our ability to unlock potential in key markets."
In 2008, sales of products for Symantec accounted for 24.3% of Digital River revenue and sales derived from proprietary Digital River services sold to Symantec consumers accounted for 9.4% of Digital River revenue. For Digital River's quarter ended June 30, 2009, sales of Symantec products accounted for 22.5% of revenue and related services revenues accounted for 7.5% of revenue.
Digital River also announced that it expects financial results for the third quarter ending September 30, 2009, will be at or slightly above the top end of the guidance it provided on July 29, 2009. At that time, the Company said it expected third quarter revenue of $96.5 - $98.5 million, GAAP diluted net income per share of $0.26 - $0.29 and non-GAAP diluted net income per share of $0.38 - $0.41, both assuming a 27 percent tax rate. The Company also said it expects sequential revenue from its non-Symantec business to have grown at approximately 8% during the third quarter, compared to approximately 2% sequential growth during the second quarter 2009. The Company expects to provide additional information in its third quarter earnings announcement which will be released after market close on November 3, 2009.
Digital River will hold a conference call today at 8:30 a.m. Eastern to discuss this announcement. A live webcast of this conference call can be accessed at http://www.digitalriver.com/2009/investorrelations/. Alternatively, a live broadcast of the call may be heard by dialing 1-888-373-5705 inside the United States or Canada, or by calling 1-719-457-3840 from international locations, and using the conference ID # 245630. A webcast replay of the call will be archived on Digital River's corporate Web site.
About Digital River, Inc.
Digital River, Inc., a leading provider of global e-commerce solutions, builds and manages online businesses for software and game publishers, consumer electronics manufacturers, distributors, online retailers and affiliates. Its multi-channel e-commerce solution, which supports both direct and indirect sales, is designed to help companies of all sizes maximize online revenues as well as reduce the costs and risks of running an e-commerce operation. The company's comprehensive platform offers site development and hosting, order management, fraud management, export controls, tax management, physical and digital product fulfillment, multi-lingual customer service, advanced reporting and strategic marketing services.
Founded in 1994, Digital River is headquartered in Minneapolis with offices across the U.S., Asia, Europe and South America. For more details about Digital River, visit the corporate Web site at www.digitalriver.com or call +1 952-253-1234.
Forward-Looking Statements
This press release contains forward-looking statements, including statements regarding the Company's anticipated future growth, including future financial performance, as well as statements containing the words "anticipates," "believes," "plans," "will," or "expects" and similar words. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company, or industry results, to differ materially from those expressed or implied by such forward-looking statements. Such factors include, among others: the transition of business to Symantec's in-house e-commerce system; the Company's operating history and variability of operating results; competition in the e-commerce market; challenges associated with international expansion; the variability of foreign exchange rates; our ability to successfully manage our business while undertaking significant internal investments; our ability to achieve favorable tax rates in our international operations; and other risk factors referenced in the Company's public filings with the Securities and Exchange Commission, including the Annual Report on Form 10-K and Form 10-K/A for the year ended Dec. 31, 2008. The financial information contained in this release should be read in conjunction with the consolidated financial statements and notes thereto included in Digital River's most recent reports on Form 10-K and Form 10-Q, each as it may be amended from time-to-time.
The forward-looking statements reflect Digital River's expectations as of October 12, 2009. Readers are cautioned not to place undue reliance on forward-looking statements, which reflect management's analysis only as of the date hereof. The Company undertakes no obligation to update these forward-looking statements to reflect events or circumstances that may arise after the date hereof.
Digital River is a registered trademark of Digital River, Inc. All other trademarks and registered trademarks are trademarks of their respective owners.
SOURCE: Digital River, Inc.
CONTACT:
Digital River, Inc. Investor Relations: Ed Merritt, +1 952-540-3362 Vice President, Investor Relations emerritt@digitalriver.com or Media Relations: Gerri Dyrek, +1 952-253-1234, ext. 38396 Senior Director, Public Relations gdyrek@digitalriver.com
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(NASDAQ: EBIX) Ebix, Inc.
BREAKING NEWS!!
Ebix Announces 3 for 1 Stock Split
ATLANTA, Oct 12, 2009 -- Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance industry, announced today that its Board of Directors has approved a three-for-one split of the Company's common stock. The Company anticipates a record date of approximately November 30, 2009. Each shareholder of record at the close of business on such date will receive two additional shares for every outstanding share held on the record date, and trading is likely to begin on a split-adjusted basis on about December 10, 2009.
Since the Company presently does not have a sufficient number of authorized shares required to effectuate the increase in authorized shares after the split, the Company's Board has authorized increasing the authorized share number to 60 million, to handle the split and any possible future capitalization needs. The Company will be holding a special meeting of shareholders so that the increase in authorized shares can be ratified. The Company anticipates holding this meeting during the last week in November.
Robin Raina, Chairman of the Board, president & CEO said, "This stock split is intended to further improve our liquidity and to make our shares more accessible, both to institutions and to the individual shareholders."
About Ebix, Inc.
A leading international supplier of On-Demand software and E-commerce services to the insurance industry, Ebix, Inc., (NASDAQ: EBIX) provides end-to-end solutions ranging from infrastructure exchanges, carrier systems, agency systems and BPO services to custom software development for all entities involved in the insurance industry.
With 23 offices across Singapore, Australia, the US, New Zealand, India and Canada, Ebix powers multiple exchanges across the world in the field of life, annuity, health and property & casualty insurance while conducting in excess of $100 billion in insurance premiums on its platforms. Through its various SaaS-based software platforms, Ebix employs hundreds of insurance and technology professionals to provide products, support and consultancy to thousands of customers on six continents. Ebix's focus on quality has enabled it to be awarded Level 5 status of the Carnegie Mellon Software Engineering Institute's Capability Maturity Model (CMM). Ebix has also earned ISO 9001:2000 certification for both its development and BPO units in India. For more information, visit the Company's website at www.ebix.com
SOURCE: Ebix, Inc.
CONTACT:
Ebix, Inc. Aaron Tikkoo, IR, 678-281-2027 atikkoo@ebix.com
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(NASDAQ: EPIC) Epicor Software Corp.
BREAKING NEWS!!
Styles For Less Selects Epicor(R) Retail Solutions
Junior Retail Leader Relies on Epicor Software and Services to Support Growth and Operations across 120-Store Chain
IRVINE, Calif., Oct 12, 2009 -- Epicor Software Corporation (NASDAQ: EPIC), a leading provider of enterprise business software solutions to the midmarket and Global 1000 companies, today announced retailer Styles For Less has selected the Epicor Retail software suite to support chain expansion, streamline operations and strengthen processes around industry requirements and mandates.
Offering the latest fashion for ladies of all ages, Styles For Less provides its customers throughout California, Arizona, Nevada and Florida with a vast selection of apparel and accessories for school, athletic, career and casual wear. From denim, dresses and sweaters to handbags, shoes, jewelry and more, Styles For Less offers trend-setters a wide selection at affordable prices to complement their wardrobes.
To support upcoming plans for expansion, and to address business requirements such as PCI compliance, Styles For Less sought to partner with a proven industry leader to update its retail Point-of-Sale and back office infrastructure. Based on Epicor's award-winning, industry-leading software and services, Styles For Less selected the Epicor Retail software suite, which includes the following robust retail offerings:
-- Epicor Retail Store: Provides point-of-sale (POS), returns management, data exchange and configuration tools functionality, along with Epicor Retail Mobile Store to support wireless devices for extending store processes beyond the register and workstation.
-- Epicor Retail Merchandising: Streamlines operations, unifies asset management, and manages business from end to end.
-- Epicor Warehouse Management: Ensures merchandise quickly flows from receiving through distribution to store shelves to optimize productivity, streamline operations and reduce stock-outs.
-- Epicor Retail Planning: Effectively links financial plans, assortment plans, buying plans and individual store plans -- and combines Merchandise Planning and Assortment Planning with rich visual tools to identify what's needed at both the chain and store level.
-- Epicor Audit and Operations Management: Designed for multi-channel retailers, the solution accepts transaction data from any channel (POS, kiosk, Web or catalog), centralizes and verifies it for anomalies, and then feeds the clean and accurate data to the retailer's downstream systems. The module includes Sales Audit, Loss Prevention, Voucher Management, and Employee Productivity and Commission components.
-- Epicor Retail CRM: Provides a 360-degree view of the customer, arming retailers with a broad set of complementary tools to build and manage loyalty programs, execute and manage campaigns and promotions, analyze customer databases and transaction information across sales channels, segment and manage lists, and analyze and measure the impact of CRM efforts.
-- Epicor Financial Management: A comprehensive end-to-end suite of proven financial applications for the global enterprise that enables organizations to operate efficiently, comply with fiscal regulations, underpin strong corporate governance and drive performance.
Under the agreement, Styles For Less will also leverage Epicor Retail Services for system configuration, implementation and training, as well as new IBM and DigiPOS hardware. The company plans to pilot the project in October 2009, followed by a six-month rollout beginning in January 2010 to its corporate headquarters and all 120 store locations.
"Among our key criteria during the selection process was to find a partner that could help us address compliance requirements today while supporting our plans for expansion tomorrow," said Augie DeAngelo, executive vice president and CFO, Styles For Less. "We are confident the automation built into every Epicor module will increase efficiencies as we continue to expand our chain. Epicor gives us the ability to make retail decisions faster, smarter and better without the need for extra resources."
"Given the current state of the economy, many shoppers are turning to stores such as Styles For Less, which offer apparel in line with today's fashion trends to cost-conscious consumers," said David Henning, executive vice president and general manager for Epicor Retail. "As the company grows and expands operations, we're proud to support their business in achieving operational excellence, meeting regulatory mandates and enhancing profitability."
Today, many of the world's leading retailers utilize Epicor Retail solutions and services to become more profitable, productive, competitive and eco-friendly. Epicor's solutions leverage proven Microsoft .NET technology to improve business operations and meet the evolving merchandise and service expectations of today's cross-channel shoppers. Epicor delivers comprehensive retail management solutions to enterprises in all tiers -- from regional chains to multichannel global brands. Retail customers include hundreds of marquee names, from Aeropostale, American Eagle Outfitters, and Ann Taylor to Zales and Zumiez.
For more information on the Epicor Retail suite, please download the brochure outlining the offering.
About Epicor Software Corporation
Epicor Software is a global leader delivering business software solutions to the manufacturing, distribution, retail, hospitality and services industries. With 20,000 customers in over 150 countries, Epicor provides integrated enterprise resource planning (ERP), customer relationship management (CRM), supply chain management (SCM) and enterprise retail software solutions that enable companies to drive increased efficiency and improve profitability. Founded in 1984, Epicor celebrates 25 years of technology innovation delivering business solutions that provide the scalability and flexibility businesses need to build competitive advantage. Epicor provides a comprehensive range of services with a single point of accountability that promotes rapid return on investment and low total cost of ownership, whether operating business on a local, regional or global scale. The Company's worldwide headquarters are located in Irvine, California with offices and affiliates around the world. For more information, visit www.epicor.com.
Epicor is a registered trademark of Epicor Software Corporation. Other trademarks referenced are the property of their respective owners. The product and service offerings depicted in this document are produced by Epicor Software Corporation.
SOURCE: Epicor Software Corporation
CONTACT:
Epicor Software Corporation Lisa Preuss, 949-585-4235 lpreuss@epicor.com or Lutz PR (on behalf of Epicor) Erin Lutz, 949-293-1055 erinlutz@cox.net
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