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    PLEASANTON, CA--(Marketwired - August 29, 2013) - Equity Administration Solutions, Inc. (EASi), the largest independent equity compensation software-as-a-service company, today announced a record-breaking second quarter in new customer bookings as well as significant investments in the success of its customers, who use the EASi software to streamline and simplify how they track, manage and report on stock compensation.

    New customers for the quarter included Globalstar, Global Glass and Copper, Pegasystems, and many others. These customers join EASi's current roster of clients which include public companies such as Con-way, Wynn Resorts, and Belden, as well as privately-held companies such as GrubHub, TriNet, and Zscaler.

    In light of its rapidly expanding customer base, EASi has made significant investments in people, new offerings, and a new operations center in Sacramento, California -- all designed to drive customer success. Specific initiatives and plans include:

    • Expanding its team of implementation consultants and doubling its client relationship team,
    • Launching new professional service offerings and a broader set of training solutions,
    • Opening a new operations center to cultivate best-in-class processes across customer implementations, support, advisory services and education, and
    • Increasing training and certification programs for its service partners, who are pivotal players in the success of EASi customers.

    "The aim of our new investments is to help EASi's customers maximize the value from our applications and efficiently manage their equity compensation administration and reporting processes," said Jorge Martin, senior vice president of services and support for EASi. "The company's rapid growth demands an increasing level of customer focus and support, which is what these investments will deliver."

    About EASi:
    Equity Administration Solutions, Inc. (EASi) is the largest independent stock plan software company in the world. It offers an intuitive, time-saving solution, based on sound accounting principles, which ensures compliance with all financial reporting and SEC rules and regulations. Combining robust web-based technology with in-depth financial expertise, EASi provides both public and private companies with a flexible solution that allows clients to work with the broker of their choice.

    Since its founding more than 10 years ago, EASi has focused exclusively on equity compensation management, offering clients insights to strategically manage their programs. EASi now serves more than 800 companies on five continents in over 20 countries and continues to lead the industry with solutions in areas including ASC718 (FAS123R), IFRS2 and performance awards. For more information, visit www.easiadmin.com.


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    DALLAS, TX--(Marketwired - August 29, 2013) -  ProTek Capital, Inc. (OTC Pink: PRPM) ("ProTek") today released a statement from the combined management teams or ProTek and APT Group, Inc.

    ProTek last week announced entering into a Letter of Intent (LOI) agreement to acquire APT Group, Inc. (APT), a manufacturer and distributor of technologically advanced, environmentally friendly utility and power-sports products. APT Group, Inc. is a Missouri registered corporation headquartered in Kansas City, MO and the holding company for the MotoVox® product line and SmartCarb® patented carburetor technology lines.

    Combined Management Teams' Statement:

    Troy Covey, Motovox Founder, says, "APT Group is faced with a good problem, in that the demand for MotoVox® PowerSport products is higher than their current capital structure can support. The 2013 launch of APT's patented fuel system technology, SmartCarb®, has added yet another demand for growth capital. APT sales could easily double if existing capital constraints are overcome." The constraints faced by APT Group are typical of high-growth companies with sales that are growing exponentially year over year. The management of APT and ProTek Capital believe that a public holding company structure can provide a vehicle for streamlining the APT debt facilities while providing the growth capital in the form of equity needed to continue the rapid growth and continued product development of the MotoVox®, PowerSport business and the launch of the SmartCarb®.

    The intent of the two management teams is to complete the announced merger in the next 30 days and for the APT management to then assume the primary management responsibilities for the public company. Going forward, ProTek will streamline its current operational focus to exclusively concentrate on the potential of the overall APT opportunity.

    About APT Group, Inc.

    APT Group, Inc., ("APT") is a Missouri registered corporation headquartered in Kansas City, MO and the holding company for the MotoVox® product line and SmartCarb® patented carburetor technology lines. MotoVox® has become the fastest growing brand of small power-sport products in the world within its consumer price point of between
    $350 and $1,000. To-date, Motovox has over 100,000 units sold.

    About ProTek Capital, Inc.

    ProTek Capital, Inc. has historically concentrated on acquiring a portfolio of unique and promising, high-growth potential companies. The portfolio industry focus has changed and evolved over time and the MotoVox® acquisition would represent the next evolutionary step into the burgeoning market for low cost, high efficiency "greener" power-train systems.

    Forward-Looking Statements:
    The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, and various other factors beyond the Company's control.


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    LIVONIA, MI--(Marketwired - August 29, 2013) -  On the heels of its recent business results announcement for the first half of 2013, WorkForce Software, the leading provider of workforce management solutions for organizations with complex labor policies and stringent compliance demands, today confirmed it has once again been named to the Inc 500|5000 list published by Inc. Magazine. This is WorkForce Software's seventh consecutive appearance on the 500|5000, making it one of only 356 companies to attain the honor since the inception of the list in 1982.

    The annual Inc. 500|5000 is an exclusive ranking of the nation's fastest-growing private companies. The 2013 Inc. 500|5000 is ranked according to percentage revenue growth when comparing 2009 to 2012. To qualify, companies had to be U.S.-based, privately held, for profit, and independent -- not subsidiaries or divisions of other companies -- as of December 31, 2012. Over the years, companies such as Microsoft, Timberland, Vizio, Intuit, Oracle and Zappos.com have been ranked by the Inc. 500|5000.

    This year's list noted job creation as a distinguishing characteristic and the companies on the list have created more than 520,000 jobs over the past three years. This is certainly the case with WorkForce Software, which has received numerous awards and accolades for being a top place to work as well as for creating jobs in its home state of Michigan. Recently, the company was recognized for adding 40 new team members to its Livonia, Michigan headquarters.

    Kevin Choksi, CEO and co-founder of WorkForce Software, commented, "It's an honor to take our place on the Inc. 500|5000 list for the seventh consecutive time. 2013 has been a breakthrough year for WorkForce Software as we expand our global footprint into new markets and expand our client communities in the US, Canada, the U.K., and Australia. Recognition by organizations such as Inc. Magazine is truly appreciated by our multinational team, and further validation for our clients that they are aligned with the leading provider of workforce management for large employers."

    About Inc.
    Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today's innovative company builders. Total monthly audience reach for the brand has grown significantly from 2,000,000 in 2010 to over 6,000,000 today. For more information, visit www.inc.com.

    Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/5000.

    About WorkForce Software
    WorkForce Software is the leader in workforce management software for organizations with complex policies and compliance concerns. Through its EmpCenter® and RosterLive workforce management suites, WorkForce Software enables organizations to fully automate time & attendance processes, effectively manage employee absence and leave, optimize staff scheduling, gain real-time visibility into labor costs and activities through robust analytic and reporting tools, and mitigate the risks associated with employee fatigue across the enterprise. Hundreds of leading organizations, including the University of California, Blizzard Entertainment, AMF Bowling, Duke Energy and BBVA Compass, rely on EmpCenter to streamline compliance, reduce payroll costs, provide more intuitive tools to their employees, and achieve strategic HR on a global basis.


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    MOUNTAIN VIEW, CA--(Marketwired - August 29, 2013) - Appcelerator®, the leading mobile enterprise platform company, announced that it has appointed David Satterwhite as Vice President of Worldwide Sales. Satterwhite was most recently the General Manager and Vice President of Sales for Americas at Good Technology. He also led sales at newScale, NightFire Software and @Road. He held multiple leadership roles at Clarify, including Vice President of Sales of the Telecom Solutions Group. Satterwhite was also an advisor and interim EVP of Sales at Yammer.

    "David's deep expertise in selling breakthrough solutions to the enterprise and building world class technology sales teams is unparalleled," said Brian Carr, Chief Revenue Officer of Appcelerator. "We are thrilled to have David join our leadership team to help enterprises seize the mobile opportunity with the Appcelerator Platform."

    "As the most visionary company in Gartner's magic quadrant for mobile application development platforms, Appcelerator presents an exciting opportunity to help enterprises transform their business with mobile," said David Satterwhite, Vice President of Worldwide Sales for Appcelerator. "I look forward to scaling Appcelerator's vision and leadership position as the comprehensive mobile platform that some of the world's best companies are using to build, manage and analyze their entire mobile application portfolio."

    While serving as the General Manager and Vice President of Sales for Americas at Good Technology, Satterwhite's team acquired more than half of the Fortune 100 as new customers, and consistently delivered triple-digit year over year revenue growth. As the Executive Vice President and Head of Worldwide Sales at newScale, he ran sales, pre-sales, alliances and sales operations; built and scaled the European operations; and launched the on-demand version of the enterprise solution. He also held multiple leadership roles at Clarify, including Vice President of Sales of the Telecom Solutions Group, where he helped build a $250 million public company. Satterwhite began his high-tech career as a top sales performer at Oracle. He holds a Bachelor of Arts degree in History from University of California, Berkeley and graduated as a member of Phi Beta Kappa honorary fraternity.

    About Appcelerator

    Appcelerator® offers the only platform built for a Mobile First world. The Appcelerator Platform enables enterprises to create, deliver and analyze their entire mobile application portfolio. With nearly 60,000 mobile applications deployed on over 150 million devices, the Appcelerator Platform helps enterprises accelerate their time to market and deliver exceptional mobile user experiences. Appcelerator also provides an award-winning open source mobile development environment, Titanium®. Appcelerator's worldwide ecosystem includes more than 495,000 mobile developers and hundreds of ISVs and strategic partners, among them SAP, Cognizant and CSC. It is the mobile platform of choice for thousands of companies including eBay, TUI Travel, Merck, Mitsubishi Electric, ZipCar, and PayPal. For more information, visit www.appcelerator.com.


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    COLLEGE STATION, TX--(Marketwired - August 29, 2013) -  Center for Minorities and People with Disabilities in Information Technology (CMD-IT), which develops national-scale programs to ensure that underrepresented groups are fully engaged in computing and information technologies, today announced it has received $30,000 as part of the Innovation Generation grant program from the Motorola Solutions Foundation, the charitable arm of Motorola Solutions, Inc. Through the grant, CMD-IT will utilize the funds to support a Code-a-thon for underrepresented undergraduate and graduate computer science students at the 2014 ACM Richard Tapia Celebration of Diversity in Computing Conference.

    Since 2007, the Innovation Generation program has provided $3.4 million in support of science, technology, engineering and math (STEM) education programs, supporting more than 400 school, museum and nonprofit programs across the United States and Canada. The program awards funds to organizations such as CMD-IT that foster and support STEM initiatives for teachers and U.S. preschool through university students -- especially girls and underrepresented minorities.

    "We are very honored to be a recipient of an Innovation Generation grant from the Motorola Solutions Foundation," said Valerie Taylor, executive director, CMD-IT.  "The grant will provide opportunities for diverse groups of undergraduate and graduate students to apply their software skills in a Code-a-thon that will feature multiple themes.  This is a new event for the ACM Richard Tapia Celebration of Diversity in Computing Conference."

    The goal of the ACM Tapia Conference is to bring together undergraduate and graduate students, faculty, researchers, and professionals in computing from all backgrounds and ethnicities to:

    • Celebrate the diversity that exists in computing;
    • Connect with others with common backgrounds, ethnicities, disabilities, and gender so as to create communities that extend beyond the conference;
    • Obtain advice from and make contacts with computing leaders in academia and industry;
    • Be inspired by great presentations and conversations with leaders with common backgrounds.

    The ACM Richard Tapia Conference is attended by over 550 participants each year and sponsored by organizations such as the National Science Foundation, Microsoft, Georgia Tech, Google, Texas A & M University, Virginia Tech, University of California, Berkeley and many others.

    "We are so honored to partner with organizations like CMD-IT who are helping to create the world's future innovators and technology professionals," said Matt Blakely, director, Motorola Solutions Foundation. "As a company dedicated to helping people be their best in the moments that matter, Motorola Solutions could not be more honored to support programs such as the Code-a-thon at the ACM Richard Tapia Celebration of Diversity in Computing Conference."

    Innovation Generation is a part of Motorola Solutions' larger commitment to engaging youth in STEM education.  For additional information on the Motorola Solutions Foundation grants programs, visit: http://responsibility.motorolasolutions.com/index.php/solutions-for-community/ and for more information on the 2014 ACM Richard Tapia Celebration of Diversity in Computing Conference please visit http://www.tapiaconference.org/.

    About CMD-IT

    The vision of CMD-IT is to help address the national need for an effective workforce in computing and IT through inclusive programs and initiatives focused on minorities and people with disabilities. CMD-IT's vision is accomplished through its mission to ensure that underrepresented groups are fully engaged in computing and IT and promotes innovation that enriches, enhances and enables underrepresented communities. For more information please visit www.cmd-it.org.

    About ACM Richard Tapia Celebration of Diversity in Computing Conference

    The Tapia Conferences are organized by the Coalition to Diversify Computing (CDC), sponsored by the Association for Computing Machinery (ACM), and presented by the Center for Minorities and People with Disabilities in Information Technology (CMD-IT). The conferences are in-cooperation with the Computing Research Association (CRA) and the IEEE Computer Society (IEEE-CS).

    About Motorola Solutions Foundation
    The Motorola Solutions Foundation is the charitable and philanthropic arm of Motorola Solutions. With employees located around the globe, Motorola Solutions seeks to benefit the communities where it operates. The company achieves this by making strategic grants, forging strong community partnerships and fostering innovation. The Motorola Solutions Foundation focuses its funding on public safety, disaster relief, employee programs and education, especially science, technology, engineering and math programming. For more information on Motorola Solutions Corporate and Foundation giving, visit www.motorolasolutions.com/giving.


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    IRVINE, CA--(Marketwired - August 29, 2013) - Lantronix, Inc. (the "Company") (NASDAQ: LTRX), a global provider of smart networking and communications solutions for machine-to-machine (M2M) applications, today reported results for its fourth quarter and fiscal year ended June 30, 2013.

    Financial Highlights

    Fiscal Year:

    • Net revenue of $46.7 million, a 3% increase
    • Gross profit as a percentage of net revenue of 47.4%
    • GAAP net loss of $(2.8) million, or ($0.19) per share
    • Non-GAAP net loss of $(935,000), or ($0.06) per share

    Fiscal Fourth Quarter:

    • Net revenue of $11.1 million
    • Gross profit as a percentage of net revenue of 44.7%
    • GAAP net loss of $(1.1) million, or ($0.08) per share
    • Non-GAAP net loss of $(665,000), or ($0.05) per share

    Operational Highlights

    • Expanded worldwide sales and distribution channels during fiscal 2013 with new agreements and partnerships with Ingram Micro Europe, Arrow Electronics, and Mouser Electronics.

    • Expanded presence in Asia with the opening of a new office in Shanghai, China, announced in August 2013.

    Product Highlights

    • Launched into production seven new products during fiscal 2013: xPrintServer® Home and Office editions, xDirect™, vSLM™, xSenso™ and xSenso™ Controller, and Lantronix® SLB. During fiscal 2012, the Company launched five new products. 

    • In August 2013, the Company announced global availability of xPico® Wi-Fi, the latest addition to its new xPico product family. announced at the February 2013 Embedded World conference, the xPico Wi-Fi measures just under 4 cm2 and is designed for a wide range of M2M applications from small battery powered devices to large industrial installations. The xPico Wi-Fi's simultaneous access point and client mode functionality allows for secure, direct access to a machine from a smart handheld device such as a tablet, smartphone or other mobile device, making xPico Wi-Fi ideally suited for customers seeking to leverage the convergence of mobility with M2M deployments.

    • In August 2013, the Company announced that its award-winning xPrintServer product family is available on JD.com, one of China's largest B2C ecommerce companies.

    "During fiscal 2013, we continued to make progress on our strategic plan by further expanding our worldwide distribution and sales channels, executing on our disciplined product development strategy, and increasing awareness of our solutions in the marketplace through enhanced marketing efforts," said CEO Kurt Busch. "New product revenue contribution continued to grow, outpacing the decline in contribution from our mature products, which ultimately reversed the 8% revenue decline we experienced in fiscal 2012 and resulted in a 3% revenue increase for fiscal 2013."

    Busch continued: "While we would have preferred a stronger finish in the last quarter of fiscal 2013, we believe that the underlying trends we see developing with our new products will position the Company for future revenue growth. During fiscal 2014, our primary focus continues to be on investing our resources to accelerate revenue growth, while maintaining financial discipline."

    Financial Results for the Fiscal Year Ended June 30, 2013

    Net revenue was $46.7 million for the fiscal year ended June 30, 2013, an increase of $1.3 million or 3 percent, compared to $45.4 million for the fiscal year ended June 30, 2012. 

    Gross profit as a percentage of net revenue ("gross margin") was 47.4% for the fiscal year ended June 30, 2013, compared to 48.8% for the fiscal year ended June 30, 2012. The decline in gross margin was primarily due to an increase in expedited freight costs and an increase in new product sales, which have lower gross margins that typically improve when they reach production volumes.

    Operating expenses were $24.7 million for the fiscal year ended June 30, 2013 compared to $24.9 million for the fiscal year ended June 30, 2012.

    GAAP net loss for the fiscal year ended June 30, 2013 was ($2.8) million, or ($0.19) per share, compared to a GAAP net loss of ($3.0) million, or ($0.27) per share for the fiscal year ended June 30, 2012. 

    Non-GAAP net loss for the fiscal year ended June 30, 2013 was ($935,000), or ($0.06) per share compared to non-GAAP net loss of $(504,000) or $(0.04) per share for the fiscal year ended June 30, 2012. For additional information regarding our Non-GAAP results, see "Discussion of Non-GAAP Financial Measures" below.

    Cash and cash equivalents as of June 30, 2013 were $5.2 million, a decrease of $6.2 million, compared to $11.4 million as of June 30, 2012. A significant use of cash was related to a $2.8 million increase in inventories to support new product releases and forecasted changes in customer demand. In addition, cash was used as follows: (i) $866,000 for investments in capital assets to support product development and manufacturing; (ii) $814,000 related to cash losses from operations; (iii) $693,000 related to a decrease in accounts payable; and (iv) $667,000 for scheduled payments on the Company's term loan, which is expected to be completely paid off in September of 2013.

    Financial Results for the Fourth Quarter of Fiscal 2013

    Net revenue was $11.1 million for the fourth quarter of fiscal 2013, a decrease of $485,000 compared to $11.6 million for the fourth quarter of fiscal 2012 and a decrease of $1.1 million, compared to $12.2 million for the third quarter of fiscal 2013. The year-over-year decline in net revenue was primarily due to decreases in unit sales for some of the Company's mature products, which was partially offset by growth in new product sales. The sequential decrease in net revenue was primarily due to the fact that the Company's revenue in the third quarter of fiscal 2013 benefited from three significant transactions that did not recur during the fourth quarter of fiscal 2013. To a lesser extent, the Company experienced a decrease in xPrintServer revenue as the third quarter of fiscal 2013 benefited from sales and marketing momentum related to the release of the xPrintServer Office Edition.

    Gross margin was 44.7% for the fourth quarter of fiscal 2013, compared to 50.7% for the fourth quarter of fiscal 2012 and 46.2% for the third quarter of fiscal 2013. The decrease in gross margin was primarily the result of an increase in manufacturing overhead expenses related to the amount of overhead costs applied to inventories.

    Operating expenses for the fourth quarter of fiscal 2013 were $6.1 million, an increase of $89,000, compared to $6.0 million for the fourth quarter of fiscal 2012 and a decrease of $327,000, compared to $6.4 million for the third quarter of fiscal 2013. Operating expenses for the fourth quarter of fiscal 2013 included severance charges of $208,000 related to actions the Company took to lower its operating expenses and non-GAAP breakeven point.

    GAAP net loss for the fourth quarter of fiscal 2013 was $(1.1) million, or ($0.08) per share, compared to a GAAP net loss of $(178,000), or ($0.01) per share, for the fourth quarter of fiscal 2012 and a GAAP net loss of $(801,000), or ($0.05) per share, for the third quarter of fiscal 2013. 

    Non-GAAP net loss for the fourth quarter of fiscal 2013 was $(665,000), or $(0.05) per share compared to non-GAAP net income of $351,000 or $0.03 per share for the fourth quarter of fiscal 2012 and a non-GAAP net loss of $(388,000), or $(0.03) per share, for the third quarter of fiscal 2013. For additional information regarding our Non-GAAP results, see "Discussion of Non-GAAP Financial Measures" below.

    Discussion of Company Target Model

    The Company is in a transitionary period during which it is pursuing a strategy of increasing revenue by expanding sales channels and regularly releasing new products with the expectation that, in the long-term, new product revenue will significantly outpace the decline in mature product revenue. The Company believes that this strategy will ultimately result in the improvement of gross margin, GAAP net income and non-GAAP net income. 

    The Company is updating the target model that it previously disclosed in a Current Report on Form 8-K filed with the Securities and Exchange Commission on April 25, 2012. The purpose of the following model is to demonstrate the operating leverage that the Company believes it may achieve if its current business strategy is successful.

         
    Financial Metrics (as a percentage of net revenue):   3-Year Target Model
    Gross margin   49 - 51%
    GAAP net income   5 - 7%
    Non-GAAP net income   8 - 10%
         

    The model is based on estimates that the Company believes are reasonable given its assessment of historical trends and other information available as of the date of this press release. However, these assumptions and estimates are necessarily speculative in nature and actual results may vary materially from those expressed or implied by the information contained in the model. See "Forward-Looking Statements" below. The Company does not intend to update the foregoing model at any particular interval.

    Conference Call and Webcast

    Lantronix will host a conference call and webcast today at 2:00 p.m. Pacific Daylight Time (5:00 p.m. Eastern Daylight Time) to discuss its fourth quarter and fiscal 2013 financial results. Those wishing to participate in the live call should dial 800-706-7749 (international dial-in 617-614-3474) using the passcode 31972568. A telephone replay of the call will be available through September 5, 2013 by dialing (888) 286-8010 (international dial-in 617-801-6888) and entering passcode 24563513.

    About Lantronix

    Lantronix, Inc. (NASDAQ: LTRX) is a global provider of smart networking and communications solutions for machine-to-machine (M2M) applications. Lantronix OEM Modules and Enterprise Solutions enable machines, devices and sensors to be securely accessed, managed, monitored and controlled. Easy to integrate and deploy, Lantronix solutions enable customers to capitalize on the convergence of mobility with M2M systems and to participate in the Internet of Things (IoT). Lantronix solutions have applications across many industries including, security, industrial and building automation, transportation, energy, retail, financial, government, consumer electronics, medical and information technology. Founded in 1989, Lantronix is headquartered in Irvine, California. For more information, visit www.lantronix.com or follow us at www.twitter.com/Lantronix.

    Discussion of Non-GAAP Financial Measures

    Lantronix believes that the presentation of non-GAAP financial information, when presented in conjunction with the corresponding GAAP measures, provides important supplemental information to management and investors regarding financial and business trends relating to the Company's financial condition and results of operations. The non-GAAP financial measures disclosed by the Company should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP, and the financial results calculated in accordance with GAAP and reconciliations of the non-GAAP financial measures to the financial measures calculated in accordance with GAAP should be carefully evaluated. The non-GAAP financial measures used by the Company may be calculated differently from, and therefore may not be comparable to, similarly titled measures used by other companies. The Company has provided reconciliations of the non-GAAP financial measures to the most directly comparable GAAP financial measures. Management believes that non-GAAP operating expenses, non-GAAP net income (loss) and non-GAAP net income (loss) per share are important measures of the Company's business. Management uses the aforementioned non-GAAP measures to monitor and evaluate ongoing operating results and trends to gain an understanding of our comparative operating performance.

    Non-GAAP operating expenses consist of operating expenses excluding (i) share-based compensation and related payroll taxes; (ii) depreciation and amortization; and (iii) restructuring charges.

    Non-GAAP net income (loss) consists of net income (loss) excluding (i) non-GAAP adjustments to operating expenses, (ii) interest income (expense), (iii) other income (expense), and (iv) income tax provision (benefit).

    Non-GAAP net income (loss) per share is calculated by dividing non-GAAP net income (loss) by non-GAAP weighted-average shares outstanding (diluted). For purposes of calculating non-GAAP net income (loss) per share, the calculation of GAAP weighted-average shares outstanding (diluted) is adjusted to exclude share-based compensation, which for GAAP purposes is treated as proceeds assumed to be used to repurchase shares under the GAAP treasury stock method.

    Forward-Looking Statements

    This news release contains forward-looking statements, including statements concerning our business plans, our financial and operating results, our product development strategies, and our target financial model. We have based our forward-looking statements on our current expectations and projections about trends affecting our business and industry and other future events. Although we do not make forward-looking statements unless we believe we have a reasonable basis for doing so, we cannot guarantee their accuracy. Forward-looking statements are subject to substantial risks and uncertainties that could cause our results or experiences, or future business, financial condition, results of operations or performance, to differ materially from our historical results or those expressed or implied in any forward-looking statement contained in this news release. Some of the risks and uncertainties that may cause actual results to differ from those expressed or implied in the forward-looking statements are described in "Risk Factors" in our Annual Report on Form 10-K filed with the Securities and Exchange Commission, or SEC, as well as in our other filings with the SEC. In addition, actual results may differ as a result of additional risks and uncertainties of which we are currently unaware or which we do not currently view as material to our business. For these reasons, investors are cautioned not to place undue reliance on any forward-looking statements. The forward-looking statements we make speak only as of the date on which they are made. We expressly disclaim any intent or obligation to update any forward-looking statements after the date hereof to conform such statements to actual results or to changes in our opinions or expectations, except as required by applicable law or the rules of the Nasdaq Stock Market, LLC. If we do update or correct any forward-looking statements, investors should not conclude that we will make additional updates or corrections.

    © 2013 Lantronix, Inc. Lantronix, xPico and xPrintServer are registered trademarks, and xDirect™, vSLM™, xSenso™ are trademarks of Lantronix, Inc. All other trademarks and trade names are the property of their respective holders. Specifications subject to change without notice. All rights reserved.

       
    LANTRONIX, INC.  
    Unaudited Consolidated Balance Sheets  
    (In thousands, except share and par value data)  
                 
        June 30,     June 30,  
        2013     2012  
                     
    Assets                
    Current Assets:                
      Cash and cash equivalents   $ 5,243     $ 11,374  
      Accounts receivable (net of allowance for doubtful accounts of $107 and $108 at June 30, 2013 and 2012, respectively)     2,599       2,674  
      Inventories, net     8,741       5,955  
      Contract manufacturers' receivable     607       622  
      Prepaid expenses and other current assets     431       549  
        Total current assets     17,621       21,174  
                       
      Property and equipment, net     1,687       1,605  
      Goodwill     9,488       9,488  
      Deferred tax assets     476       291  
      Other assets     87       87  
        Total assets   $ 29,359     $ 32,645  
                     
    Liabilities and stockholders' equity                
    Current Liabilities:                
      Accounts payable   $ 2,870     $ 3,563  
      Accrued payroll and related expenses     1,516       2,100  
      Warranty reserve     193       232  
      Short-term debt     167       667  
      Deferred tax liabilities     476       291  
      Other current liabilities     3,877       3,342  
        Total current liabilities     9,099       10,195  
    Non-Current Liabilities:                
      Long-term capital lease obligations     54       48  
      Long-term debt     -       167  
      Other non-current liabilities     249       303  
        Total non-current liabilities     303       518  
          Total liabilities     9,402       10,713  
                     
    Commitments and contingencies                
                     
    Stockholders' equity:                
      Preferred stock, $0.0001 par value; 5,000,000 shares authorized; none issued and outstanding     -       -  
      Common stock, $0.0001 par value; 100,000,000 shares authorized; 14,579,764 and 14,549,072 shares issued and outstanding at June 30, 2013 and 2012, respectively     1       1  
      Additional paid-in capital     203,871       203,049  
      Accumulated deficit     (184,286 )     (181,517 )
      Accumulated other comprehensive income     371       399  
        Total stockholders' equity     19,957       21,932  
        Total liabilities and stockholders' equity   $ 29,359     $ 32,645  
                         
                         
       
    LANTRONIX, INC.  
    Unaudited Consolidated Statements of Operations  
    (In thousands, except per share data)  
                                   
        Three Months Ended     Years Ended  
        June 30,     March 31,     June 30,     June 30,  
        2013     2013     2012     2013     2012  
                                             
    Net revenue (1)   $ 11,127     $ 12,164     $ 11,612     $ 46,655     $ 45,382  
    Cost of revenue     6,148       6,547       5,728       24,555       23,236  
    Gross profit     4,979       5,617       5,884       22,100       22,146  
    Operating expenses:                                        
      Selling, general and administrative     4,318       4,685       4,192       17,990       17,684  
      Research and development     1,757       1,717       1,794       6,748       6,910  
      Restructuring charges     -       -       -       -       286  
      Amortization of purchased intangible assets     -       -       -       -       54  
    Total operating expenses     6,075       6,402       5,986       24,738       24,934  
    Loss from operations     (1,096 )     (785 )     (102 )     (2,638 )     (2,788 )
    Interest expense, net     (14 )     (14 )     (21 )     (59 )     (97 )
    Other income (expense), net     (10 )     10       (32 )     (18 )     (82 )
    Loss before income taxes     (1,120 )     (789 )     (155 )     (2,715 )     (2,967 )
    Provision for income taxes     6       12       23       54       73  
    Net loss   $ (1,126 )   $ (801 )   $ (178 )   $ (2,769 )   $ (3,040 )
                                             
    Net loss per share (basic and diluted)   $ (0.08 )   $ (0.05 )   $ (0.01 )   $ (0.19 )   $ (0.27 )
                                             
    Weighted average shares (basic and diluted)     14,580       14,580       13,307       14,574       11,253  
                                             
    Net revenue from related parties   $ 164     $ 221     $ 216     $ 1,058     $ 865  
                                             
    (1) Includes net revenue from related parties                    
     
     
       
    LANTRONIX, INC.  
    Unaudited Reconciliation of Non-GAAP Adjustments  
    (In thousands, except per share data)  
                 
        Three Months Ended     Years Ended  
        June 30,     March 31,     June 30,     June 30,  
        2013     2013     2012     2013     2012  
                                             
    GAAP net loss   $ (1,126 )   $ (801 )   $ (178 )   $ (2,769 )   $ (3,040 )
      Non-GAAP adjustments:                                        
          Cost of revenues:                                        
            Share-based compensation     11       12       9       44       37  
            Depreciation and amortization     107       91       124       400       431  
          Total adjustments to cost of revenues     118       103       133       444       468  
          Selling, general and adminstrative:                                        
            Costs associated with the investigation     -       -       -       -       108  
            Consulting fees for former CEO and CFO     -       -       -       -       153  
            Share-based compensation and related witholding taxes     137       138       132       563       451  
            Depreciation and amortization     113       100       122       439       475  
          Total adjustments to selling, general and administrative     250       238       254       1,002       1,187  
          Research and development:                                        
            Share-based compensation and related witholding taxes     59       53       61       243       262  
            Depreciation and amortization     4       3       5       14       27  
          Total adjustments to research and development     63       56       66       257       289  
          Restructuring     -       -       -       -       286  
          Amortization of purchased intangible assets     -       -       -       -       54  
        Total non-GAAP adjustments to operating expenses     313       294       320       1,259       1,816  
      Interest expense, net     14       14       21       59       97  
      Other (income) expense, net     10       (10 )     32       18       82  
      Provision for income taxes     6       12       23       54       73  
      Total non-GAAP adjustments     461       413       529       1,834       2,536  
      Non-GAAP net income (loss)   $ (665 )   $ (388 )   $ 351     $ (935 )   $ (504 )
                                             
    Non-GAAP net income (loss) per share (basic and diluted)   $ (0.05 )   $ (0.03 )   $ 0.03     $ (0.06 )   $ (0.04 )
                                             
                                             
    Denominator for GAAP net income (loss) per share (basic and diluted)     14,580       14,580       13,307       14,574       11,253  
    Non-GAAP adjustment     -       -       216       -       210  
    Denominator for non-GAAP net income (loss) per share (basic and diluted)     14,580       14,580       13,523       14,574       11,463  
                                             
                                             
    GAAP operating expenses   $ 6,075     $ 6,402     $ 5,986     $ 24,738     $ 24,934  
    Non-GAAP adjustments to operating expenses     (313 )     (294 )     (320 )     (1,259 )     (1,816 )
    Non-GAAP operating expenses   $ 5,762     $ 6,108     $ 5,666     $ 23,479     $ 23,118  
                                             
                                             
     
    LANTRONIX, INC.
    Unaudited Consolidated Net Revenue by Product Line and Geography
     
        Quarters Ended June 30,              
            % of Net         % of Net     Change  
        2013   Revenue     2012   Revenue     $     %  
        (In thousands, except percentages)  
    Embedded device enablement   $ 5,914   53 %   $ 6,180   53 %   $ (266 )   (4 %)
    External device management     2,934   26 %     3,077   26 %     (143 )   (5 %)
    Device management     2,279   21 %     2,355   21 %     (76 )   (3 %)
      Net revenue   $ 11,127   100 %   $ 11,612   100 %   $ (485 )   (4 %)
                                           
                                           
        Years Ended June 30,              
            % of Net         % of Net     Change  
        2013   Revenue     2012   Revenue     $     %  
        (In thousands, except percentages)  
    Embedded device enablement   $ 23,569   50 %   $ 22,918   50 %   $ 651     3 %
    External device management     12,494   27 %     12,913   29 %     (419 )   (3 %)
    Device management     10,592   23 %     9,551   21 %     1,041     11 %
      Net revenue   $ 46,655   100 %   $ 45,382   100 %   $ 1,273     3 %
                                             
                                             

    To more closely align our product lines with how they are marketed, sold and deployed, we will re-categorize our product lines from this point forward as follows: (i) Embedded Device Enablement products are now referred to as OEM Modules and (ii) External Device Enablement and Device Management products have been combined into a single product line and are now referred to as Enterprise Solutions.

    The following table sets forth our re-categorized product line information:

                                     
        Quarters Ended June 30,              
            % of Net         % of Net     Change  
        2013   Revenue     2012   Revenue     $     %  
        (In thousands, except percentages)  
    OEM Modules   $ 5,914   53 %   $ 6,180   53 %   $ (266 )   (4 %)
    Enterprise Solutions     5,213   47 %     5,432   47 %     (219 )   (4 %)
      Net revenue   $ 11,127   100 %   $ 11,612   100 %   $ (485 )   (4 %)
                                           
                                           
        Years Ended June 30,              
            % of Net         % of Net     Change  
        2013   Revenue     2012   Revenue     $     %  
        (In thousands, except percentages)  
    OEM Modules   $ 23,569   50 %   $ 22,918   50 %   $ 651     3 %
    Enterprise Solutions     23,086   50 %     22,464   50 %     622     3 %
      Net revenue   $ 46,655   100 %   $ 45,382   100 %   $ 1,273     3 %
                                             
                                             

    The following table sets forth our net revenue by geographic region:

                                     
        Quarters Ended June 30,              
            % of Net         % of Net     Change  
        2013   Revenue     2012   Revenue     $     %  
        (In thousands, except percentages)  
    Americas   $ 5,877   53 %   $ 6,205   53 %   $ (328 )   (5 %)
    EMEA     3,435   31 %     3,347   29 %     88     3 %
    Japan     835   8 %     1,007   9 %     (172 )   (17 %)
    Asia Pacific     980   9 %     1,053   9 %     (73 )   (7 %)
      Net revenue   $ 11,127   100 %   $ 11,612   100 %   $ (485 )   (4 %)
                                           
                                           
        Years Ended June 30,              
            % of Net         % of Net     Change  
        2013   Revenue     2012   Revenue     $     %  
        (In thousands, except percentages)  
    Americas   $ 25,186   54 %   $ 24,120   53 %   $ 1,066     4 %
    EMEA     13,693   29 %     13,740   30 %     (47 )   (0 %)
    Japan     3,957   9 %     3,514   8 %     443     13 %
    Asia Pacific     3,819   8 %     4,008   9 %     (189 )   (5 %)
      Net revenue   $ 46,655   100 %   $ 45,382   100 %   $ 1,273     3 %
                                           

    0 0

    MONTREAL, QUEBEC--(Marketwired - Aug. 29, 2013) - Peak Positioning Technologies Inc. ("Peak" or the "Company") (TSX VENTURE:PKK) today announced its financial results for the three-month period ended June 30, 2013 and reviewed recent operating highlights.

    Financial Results:

    • Net royalties of $72,500 in the quarter
    • R&D expenditures of $141,413 before tax credits
    • Total expenses significantly lower at $434,778
    • Net loss reduced to $362,278

    Operating Highlights:

    • $535,000 of new equity capital and debt financing raised in the first eight months of 2013
    • U.S Investor Relations Program Initiated
    • Term of letter of intent for Peak's acquisition of LongKey extended for 12 months
    • Plans unveiled for new office in Guangzhou, China
    • End of August date set for beta launch of AiNi™ mobile cloud platform on Chinese app stores

    Peak is also pursuing other important operating objectives in 2013 in order to position itself for success in 2014 and beyond. Most notable among these are:

    • To enter into an agreement for the distribution of AiNi™ in North America, and;
    • Officially launch AiNi™ pre-installed on China Unicom smart devices in Guangdong province.

    Second Quarter Financial Results Summary

    Peak generated $72,500 in revenue from royalties in the three months ended June 30, 2013 compared to $20,087 in the comparable period of 2012.

    Expenses for the second quarter amounted to $434,778 compared to $931,781 in the comparable period of 2012. The second quarter expenses include R&D expenditures of $141,413 compared $126,945 in the comparable period of 2012. These costs are before deducting investment tax credits, which are accounted for on an annual basis only.

    The net loss for the three month period ending March 31, 2013 was $362,278, down from $911,694 in the comparable period of 2012.

    Full details of the Company's second quarter 2013 financial results can be found in the Unaudited Consolidated Financial Statements and Management's Discussion and Analysis (MD&A) for the three-and six-month periods ended June 30, 2013 and 2012, which are available at www.sedar.com.

    Grant of Stock Options

    On August 27, 2013, the Company granted stock options to acquire 1,925,000 common shares at a price of $0.05 to certain employees, directors and consultants. The options will vest over a two-year period and will be exercisable over a period of five years expiring August 27, 2018.

    About Peak Positioning Technologies Inc.:

    Peak Positioning Technologies Inc. (TSX VENTURE:PKK), is a Canadian software developer for mobile smart devices, and application provider to mobile network operators (MNO) worldwide. In association with its partner, LongKey-Hong Kong Ltd, the company has developed the AiNi™ Mobile Cloud platform. AiNi™ is an enhanced version of the mobile smart device O/S equally designed for the benefit of consumers and MNOs, and marketed to MNOs as a solution to increase and maintain their mobile subscriber bases. AiNi™ comes with a suite of standard applications and features and offers MNOs the possibility to have additional custom applications and features developed and integrated to the platform. For more information: http://www.peakpositioning.com

    Forward-Looking Statements / Information

    This news release may include certain forward-looking information, including statements relating to business and operating strategies, plans and prospects for revenue growth, using words including "anticipate", "believe", "could", "expect", "intend", "may", "plan", "potential", "project", "seek", "should", "will", "would" and similar expressions, which are intended to identify a number of these forward-looking statements. Forward-looking information reflects current views with respect to current events and is not a guarantee of future performance and is subject to risks, uncertainties and assumptions. The Company undertakes no obligation to publicly update or review any forward-looking information contained in this news release, except as may be required by applicable laws, rules and regulations. Readers are urged to consider these factors carefully in evaluating any forward-looking information.

    The TSX Venture Exchange has in no way passed upon the merits of this transaction and has neither approved nor disapproved the contents of this press release. Neither the TSX Venture Exchange, Inc. nor its Regulation Service Provider (as that term is defined under the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the contents of this press release.


    0 0

    SAN MATEO, CA--(Marketwired - August 29, 2013) - Norse, the leading provider of live threat intelligence solutions, today announced the recent addition of three new executives to its leadership team, two members to its board of directors and three members to its advisory board. The collective experience of these new additions strengthens Norse's prowess, adding to its ability to build on the strong momentum it has demonstrated in the enterprise IT security industry as a provider of a first-of-its-kind live threat intelligence solution. 

    New leadership team members include Denise Hayman, senior vice president of sales and marketing; Karl Hutter, senior vice president of business development; and Jenko Hwong, vice president of product. They bring a wealth of business and technology experience from companies such as nCircle, PGP, Symantec and Mirapoint. New board members include Cyber Security Strategies President Robert Lentz, former Department of Defense (DoD) chief information security officer (CISO) and the first deputy assistant secretary of defense for cyber, identity and information assurance; and Howard A. Bain III, a member of the boards of Nok Nok Labs and PGP Corporation, former chief financial officer (CFO) of Symantec, chairman of Violin Memory and director of two publicly traded companies. New advisors include industry veteran and former Senior Cyber Policy and Strategy Advisor for the DoD Anthony Bargar and Ken Tyminski, an independent consultant and former CISO of Prudential Insurance Company of America. 

    Click to Tweet: @NorseCorp Expands and Strengthens Leadership of Executive Management Team, Board of Directors and Advisory Board http://goo.gl/ZnPZBh

    "Frequent cyberattacks are the hard reality for enterprises in all industry sectors. These attacks carry with them extreme financial impacts and threats to national and economic security," said Lentz. "Enterprises must gain the upper hand by leveraging technologies like Norse to become more predictive in identifying network threats and to establish a secure offense against today's volatile cyberthreat environment. Norse is uniquely positioned to deliver this actionable live-threat intelligence."

    "To provide solutions that allow our customers to stay steps ahead of cyberthreats, we've built a leadership team that brings experience, thought leadership and an understanding of what's needed in the modern enterprise IT environment," said Sam Glines, CEO and co-founder of Norse. "We're thrilled to welcome the newest members of the Norse family; they exemplify the high standards we've held ourselves to and the level of integrity and professionalism that our customers have come to expect."

    New Executive Team Members:

    • Denise Hayman, senior vice president of sales and marketing, leads Norse's global sales and marketing efforts. She is driving the expansion of distribution and building a team and infrastructure to support and enable enterprise and mid-level accounts. Prior to Norse, Hayman held senior leadership positions at a range of IT security companies including Symplified, Zscaler and PGP, where under her leadership the company more than tripled in size and growth before being acquired by Symantec.
    • Karl Hutter, senior vice president of business development, is an experienced operating executive with over 30 years in the IT industry who has spent the last 15 years focused on building security software. Most recently, he led worldwide corporate and business development efforts for nCircle; previously he led strategic and business development efforts at Recourse, which was acquired by Symantec. His specialties include software and services, with an emphasis on new business and product development, alliances, sales execution, marketing and corporate development/M&A.
    • Jenko Hwong, vice president of product, has 20 years of IT and security experience in product management, engineering and executive management roles at companies such as Mirapoint, Cisco, nCircle and TIBCO. At Mirapoint, he ran marketing for its anti-virus and anti-spam solutions and managed the email archiving business unit, leading to the successful merger of Mirapoint with Critical Path.

    New Board of Directors Members:

    • Robert Lentz, president of Cyber Security Strategies, is the former CISO for the U.S. DoD, where he oversaw the department's $3 billion cybersecurity program. He transformed the program by establishing the first comprehensive IA/cyber-architecture supply-chain risk management strategy and operationalizing the world's most robust identity management system. He also played a key role in leading the U.S. National Cyber Initiative. Lentz serves on the boards of several leading technology companies. He has served in various capacities over his 34-year career with The Office of the Assistant Secretary of Defense, the U.S. DoD and the National Security Agency (NSA).
    • Howard Bain III has expertise in all aspects of software and hardware corporate operations and finance. He is currently chairman of the board of Violin Memory and serves on the board of directors of Nanometrics Inc.; Learning Tree International, Inc.; and several privately and venture-capital financed companies. Bain has held chief financial officer positions at several public companies, including Portal Software, Vicinity Corporation, Informix and Symantec. He is also a National Association of Corporate Directors (NACD) Governance Fellow.

    New Advisors:

    • Anthony Bargar is an industry veteran and thought leader in cybersecurity. He served in senior positions within the financial services sector, the United States DoD and the intelligence community. Bargar has been the change agent of cyber programs in stock exchanges, banks, utilities, federal military/intel agencies and other institutions in the public, financial and critical-infrastructure sectors. Bargar works with the private sector and governments worldwide to implement resilient security architectures, effective strategies and advanced technologies to reduce risk.
    • Ken Tyminski, an independent consultant, most recently served as vice president and chief information security officer for Prudential Insurance Company of America, where he was responsible for the integrity and security of Prudential's business systems. In this role, he also led Prudential's information security office, which established policies and standards and ensured controls were in place for millions of users, thousands of branches and hundreds of offices around the world.
    • Michael Stokes is an executive with Sypris Electronics and has over 20 years of cybersecurity experience. He is an authority on the global aspects of cybersecurity, leading the convergence of people, technology and policy. He has extensive expertise in international government affairs, strategic cyber-policy development and cyber intelligence. Previously, Stokes worked in international business development, sales and engineering roles for TripWire (nCircle), Riverbed, Vertical Networks and 3Com. He ran a tier-1 cyber red-team at BAE Systems for critical government customers.

    To find out more about the Norse visit norse-corp.com

    To find out more about the Norse Board of Directors visit http://www.norse-corp.com/board.html

    To find out more about Norse Advisors visit http://www.norse-corp.com/advisors.html

    About Norse
    Norse is the leading innovator in the live threat intelligence security market. With the goal of transforming the traditionally reactive IT security industry, Norse offers proactive, intelligence-based security solutions that enable organizations to identify and defend against the advanced cyberthreats of today and tomorrow. Norse's synchronous, global platform is a patent-pending infrastructure-based technology that continuously collects and analyzes real-time, high risk Internet traffic to identify the sources of cyberattacks and fraud. Norse is the only provider of live, actionable, cyberthreat intelligence that enables organizations to prevent financial fraud and proactively defend against today's most advanced cyber threats including zero day and advanced persistent threats. Norse has offices in Silicon Valley, St. Louis, and Atlanta. Visit us online at norse-corp.com.


    0 0

    NEW YORK, NY--(Marketwired - August 29, 2013) - Piksel, Inc., (formerly known as KIT digital, Inc., the "Company"), a global provider of digital television and media solutions, announced that the period to exercise warrants under the Company's plan of reorganization is now fully underway and distribution of warrant certificates and election forms for shareholders of KIT digital, Inc. to elect to exercise their warrants is nearing completion.

    Warrant certificates and election forms have been mailed to, and should have already been received by, record holders of KIT digital Inc.'s common stock that did not hold such shares through a broker or other nominee. Record holders that have not yet received those materials should contact Continental Stock Transfer & Trust Company at 1-800-509-5586.

    For shareholders whose shares are held in street name (i.e., in the name of a broker or other nominee), the election forms must be delivered through the required back office service providers. Shareholders that hold in street name will be receiving an election form but will not be receiving warrant certificates. Brokers and other nominees for such shareholders should be receiving those materials in the next couple of days. Brokers or nominees that want to verify they are on the distribution list to receive election forms may call Morrow & Co. at 1-800-662-5200.

    For brokers and shareholders that would like to review the materials relevant to the exercise of warrants but have not yet received warrant certificates and election forms, the form of the warrant certificate and election forms are exhibits to the Warrant Agreement the Company entered into with the transfer agent, which is available for review on the Company's website at http://ir.kitd.com under "Plan of Reorganization."

    Although those exhibits may be helpful for brokers and record shareholders to review in advance of receiving their election forms, brokers and record shareholders are required to submit the actual election form and, if applicable, warrant certificate, received from the transfer agent and should not attempt to fill out and submit the form of certificate and election form attached as exhibits to the Warrant Agreement on the Company's website.

    About Piksel

    We help the world's leading brands maximize their reach and return with video.

    Comprised of a global team of experts we call 'televisionaries', Piksel has helped to design, build, and manage online video services for major media companies like AT&T, BSkyB, Celcom, Mediaset, Sky Deutschland and Televisa, as well as enterprise brands like Airbus, Barnes & Noble, and Volkswagen.

    Headquartered in New York City, Piksel offices can be found throughout Europe and the Americas, serving more than 1,600 clients in over 50 countries.

    Follow the company on Twitter at www.twitter.com/piksel


    0 0

    Source: ITTIA L.L.C.

    Bellevue, WA, August 30, 2013 --(PR.com)-- ITTIA, a leader in modern embedded and mobile database software, equips applications with safe and efficient storage on single-core and multi-core systems. ITTIA DB SQL addresses the challenge of increasing data volume on multi-core systems; and by expanding its commitment to help manufacturers of embedded devices, ITTIA helps them to manage and connect data -- regardless of size -- as well as to leverage the performance of multi-core systems. In order for manufacturers of embedded devices to process and analyze all the data generated on a multi-core system, complex queries often need to be designed. By taking advantage of multi-core, ITTIA DB SQL allows application tasks on separate processor cores to concurrently access a single database.

    ITTIA’s solution for multi-core systems is based on the company’s secure and highly available embedded database with rich features and standard capabilities. A multi-core processor enables a device to do more work without the excessive power requirements necessary for higher clock speeds. However, to benefit from multi-core, an application must be divided into concurrent tasks. ITTIA DB SQL mitigates the risks and complexity of sharing data safely between tasks on a multi-core device.

    Tasks that share access to an ITTIA DB SQL database file can depend on transaction isolation to prevent corruption and inconsistency. The application benefits from thread synchronization primitives, such as mutexes and atomic variables, even without using them directly. This approach avoids race conditions that could damage the integrity of the database.

    ITTIA DB SQL also provides great multi-core performance. Row-level locking ensures high read performance even when another task is writing to the database. Transaction group completion, which combines I/O requests from separate tasks, maximizes throughput when multiple tasks write to the database concurrently. These features eliminate significant performance bottlenecks faced by real-world applications.

    Some devices can run distinct operating systems on a multi-core processor, to separate real-time and non-real-time tasks onto separate cores. To exchange data between such systems, ITTIA DB SQL supports bidirectional database replication.

    ITTIA DB SQL has already been deployed for production use by global industry-leading customers. Customers choose ITTIA DB SQL to benefit from an embedded database with rich data connectivity and management features and create solutions for intelligent devices.

    Founded in 2000, ITTIA is the worldwide leader in embedded database and connectivity software and services that help manufacturers to build reliable applications for devices.

    Contact Information:
    ITTIA L.L.C.
    Ryan Phillips
    425-462-0046
    Contact via Email
    www.ittia.com

    Read the full story here: http://www.pr.com/press-release/512839

    Press Release Distributed by PR.com


    0 0
  • 08/30/13--16:12: Data8 Achieves ISO27001
  • Source: data8 Limited

    Chester, United Kingdom, August 30, 2013 --(PR.com)-- Data8, the data quality experts, have been awarded the ISO27001 Information Security Management System (ISMS) Certification. The certification covers electronic, physical and building security and ensures that data8 meets rigorous security requirements.

    Richard Hartland, technical director data8, who led the team that implemented the programme, said, “ISO27001 certification is the industry´s highest benchmark for information security, we are proud to have received this accreditation. It is a very detailed standard with specific requirements covering the handling and security of information, the standard will come under regular internal and external reviews to maintain the required level of security.”

    Hartland continued, “Our business is all about data and security is always paramount in our thoughts when we are designing and developing new services. The certification means that now clients can be assured that all our security processes are codified and maintained to the highest standard.”

    Antony Allen, managing director data8, says: “data8 is all about ensuring our customers can trust their data, the ISO27001 is about how we handle any data, in fact it covers every piece of information in the businesses whatever the format. We are always expanding our range of innovative data quality services to meet the demands of our clients, this certification will illustrate that we are achieving this securely. I would like to thank the team for their efforts in achieving this certification.”

    About data8:
    Data8 Ltd is the premier data quality specialist, ensuring customers completely trust their data.

    Customers access data8’s Software as a Service (SaaS) cloud based application to complete online data cleansing, this is backed by a bureau service and an unrivalled real time integration package which allows companies to quickly validate their data.

    Data8 believes that data needs to be at the core of any business in order to inform, direct and develop growth, this can only be done with clean accurate data.

    For further information contact:
    John Turtle
    Data8 Limited
    4 Venture Point
    Stanney Mill Road
    Chester
    CH2 4NE
    Tel: 0151 355 4555
    Fax: 0151 355 3580
    info@data-8.co.uk
    www.data-8.co.uk

    Contact Information:
    data8 Ltd
    John Turtle
    0151 355 4555
    Contact via Email
    http://www.data-8.co.uk/

    Read the full story here: http://www.pr.com/press-release/512713

    Press Release Distributed by PR.com


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    Source: Enolsoft Corporation

    Los Angeles, CA, August 30, 2013 --(PR.com)-- Enolsoft Co., Ltd., a professional multimedia software developer, today publishes Visio Viewer for Mac (OS X 10.7 Lion and OS X 10.8 Mountain Lion). This new Mac file viewing app is available for US$29 at www.enolsoft.com. Free download Visio Viewer for Mac is support for trial.

    Enolsoft Visio Viewer for Mac helps anyone to open and view .vsd format Visio drawings and diagrams easily with zoom-in, zoom-out, rotate and text-search tools. To view a large multi-page Visio file, users can select a most convenient display mode from four, listed as Single Page, Single Page Continuous, Two Pages and Two Pages Continuous. Multi-tab display is also supported on this Mac VSD Viewer in case users need to switch between several visio files for comparing.

    Besides presenting marvelous Visio viewing experience for Mac users, this Visio Viewing for Mac app also allows its users to convert Visio to PDF by clicking a “Save to PDF” button. The converted PDF file keeps well all original elements including lines, color and fill etc. The “Visio to PDF” tool makes distributing drawings and diagrams much easily as PDF is more popular and common than Visio format among Mac users.

    “Visio file format created on Windows using the Microsoft Visio program is to enable team members to work together on a single diagram for seamless cooperation, while Enolsoft Visio Viewer for Mac expands the cooperation further and higher between two very different systems Mac and Windows. Break the fence to simplify digital life. Bravo!” says Patries Lee, R&D manager of Enolsoft Corporation.

    Pricing and Availability
    Enolsoft Visio Viewer for Mac now is available on Enolsoft official website at a retail price of $29.00 US dollars. Besides, this new VSD reader download comes with a free trial version just like any other Enolsoft software. To know more about this Mac Visio Viewer, please visit http://www.enolsoft.com/visio-viewer-for-mac.html

    About Enolsoft Co., Ltd.
    Enolsoft Co., Ltd. is passionate about utility productivity. The company provides a comprehensive range of products that can be used in many areas of multimedia, with a strong focus on PDF tools. Additionally, Enolsoft Co., Ltd. offers video conversion, YouTube HD downloading and converting apps. For further information about Enolsoft Co., Ltd., please visit: http://www.enolsoft.com.

    Contact Information:
    Enolsoft Corporation
    Jon Diego
    86-0731-88905650
    Contact via Email
    www.enolsoft.com

    Read the full story here: http://www.pr.com/press-release/510373

    Press Release Distributed by PR.com


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    SUNNYVALE, CA--(Marketwired - August 30, 2013) -  NetApp (NASDAQ: NTAP) today announced that Tom Georgens, president and CEO, will participate in a fireside chat at the Citi 2013 Technology Conference on Wednesday, September 4, 2013 at 3:05 p.m. Eastern Time.

    A live audio Webcast of the presentation will be available at investors.netapp.com. The audio Webcast archive of the event will be available until noon Pacific Time on September 11, 2013.

    About NetApp
    NetApp creates innovative storage and data management solutions that deliver outstanding cost efficiency and accelerate business breakthroughs. Our commitment to living our core values, our renown tradition of innovation, and consistently being recognized as a great place to work around the world are fundamental to our long-term growth and success, as well as the success of our pathway partners and customers. Discover our passion for helping companies around the world go further, faster at www.netapp.com.

    NetApp, the NetApp logo, and Go further, faster are trademarks in the United States and other countries. All other trademarks are the property of their respective owners.


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    CINCINNATI, OH--(Marketwired - August 30, 2013) - Mr. Doug Arthur, Co-Founder and Executive Director of the INTERalliance of Greater Cincinnati, has announced that he is leaving the organization to pursue his passion of expanding community engagement to other cities across the United States. "As one of the original founders of the INTERalliance in 2005, Doug has contributed countless hours and an inexhaustible passion for educating regional high school students about careers in technology," says Jim Scott, Chairman of the INTERalliance Board of Directors. "Doug, along with co-founders Procter & Gamble and the University of Cincinnati, had the original vision and has maintained the sustained commitment that has allowed the INTERalliance to become the influential organization it is today," states Scott.

    The INTERalliance has helped over 2,500 area high school students learn about local careers in IT through its programs, including summer internships for high school students with Fortune 100 companies, a series of immersive technology-in-business summer camps hosted by area universities and businesses, and its flagship conference, TechOlympics Expo. The University of Cincinnati, Northern Kentucky University, and Miami University are its key college partners. 54 of the area's high schools are served by its programs, with 500 students reached each year.

    Geoff Smith, former P&G IT Executive, an INTERalliance Board Director since its inception, and Co-Chair of the Cincinnati CIO Roundtable, says the future is bright. "We have the greatest level of support from our area's businesses and universities that we have ever had. Our partners are helping us make an impact in educating young people about the limitless opportunities that exist in IT careers right here in Cincinnati," says Smith. Member companies of the INTERalliance include The Kroger Co., Procter & Gamble, Great American Insurance, Cincinnati Bell Technology Services, GE Aviation, Toyota Motor Engineering, Vora Industries, Fifth Third Bank, and Ethicon Endo-Surgery, among many others.

    "On behalf of the INTERalliance Board of Directors, its student and teacher members, and all of our business sponsors, I would like to sincerely thank Mr. Doug Arthur for his achievements and immeasurable contributions to students throughout the Cincinnati area," says Scott. "We wish him the best in his new endeavors."

    The Board of Directors has asked Mr. Scott to serve as Interim Executive Director as the Board begins a search for a permanent Executive Director. Mr. Scott will remain Board Chair through the transition period while Mr. Arthur assumes his new role as Managing Director of Community Engagement at TiER1 Performance Solutions, where he will be responsible for working with communities across the country to help them establish strong business-to-education civic infrastructures.

    About the INTERalliance of Greater Cincinnati: The mission of the INTERalliance is to establish the Greater Cincinnati Region as a model of cooperation between business and educators -- working together to identify, nurture, train, employ, and retain the area's best IT talent. More information can be found at www.interalliance.org.


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    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 30, 2013) - VRX Worldwide Inc. (TSX VENTURE:VRW), a global provider of photography, content hosting, distribution, licensing, and cloud-based digital asset management services, is pleased to report it's second quarter results for 2013.

    Summary of Quarterly Results (Unaudited)
      2013 Q2   2013 Q1   2012 Q4 2012 Q3 2012 Q2  
    Total revenue $ 915,841   $ 732,529   $ 875,553 $ 923,788 $ 780,772  
    Gross profit $ 457,887   $ 391,695   $ 497,568 $ 485,915 $ 428,796  
    EBITDA $ 59,495   $ 17,201   $ 131,593 $ 156,258 $ 53,586  
    Net income $ (58,978 ) $ (78,120 ) $ 53,335 $ 56,188 $ (8,658 )
    Earnings per share $ (0.002 ) $ (0.002 ) $ 0.002 $ 0.002 $ (0.000 )
    Total assets $ 1,725,068   $ 1,748,497   $ 1,618,141 $ 1,476,084 $ 1,266,843  

    Total revenue for the second quarter of 2013 increased 17% ($135,069) over the second quarter of 2012. The year over year increase in quarterly revenue is due to a significant improvement in Service Revenue of 30% ($154,338), which was partially offset by a slight decrease in Licensing Revenue of 7% ($19,269).

    "During the second quarter of 2013, we successfully restructured and renewed a $250,000 convertible debenture for another three year term. The restructuring keeps our operations moving forward as the demand for our services starts to return to normal," commented David MacLaren, President and CEO of VRX Worldwide. "On the digital asset management front, MediaValet grew its market share in Healthcare and Tourism, and entered new markets including Agriculture, Public Utilities and Professional Services."

    The full financial statements and related MD&A are now available on the Company's website (www.vrxworldwide.com) and on SEDAR (www.sedar.com).

    ABOUT VRX Worldwide Inc.

    Through a decade of growth, innovation and an unwavering commitment to quality, consistency and customer service, VRX Worldwide is one of the world's leading providers of content production, management, distribution and licensing services. To find out more about VRX Worldwide, its products and services, visit www.vrxworldwide.com, www.vrxstudios.com and www.mediavalet.co. VRX Studios Inc., is a wholly owned subsidiary of VRX Worldwide Inc. (TSX VENTURE:VRW).

    VRX Worldwide Inc., 

    per David MacLaren, CEO 

    "Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release." 


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    SUNNYVALE, CA--(Marketwired - August 30, 2013) -   Wheatley Group -- Scotland's leading housing, care and community regeneration group -- is implementing KANA Enterprise as its customer service management solution. Wheatley delivers, through its three Registered Social Landlords and two commercial companies, a range of affordable housing, community regeneration, property management and tenant support services to its 70,000 customers.

    Wheatley, which has an annual turnover of approximately $300 million, has transformed its business to ensure its subsidiaries are firmly rooted in their local communities and that staff are fully empowered to provide excellent, tailored customer services at every point of contact. This includes making best use of cutting-edge technology to offer customers new and modern ways of accessing services that meet their changing expectations.

    Glasgow Housing Association (GHA), the powerhouse of Wheatley Group, is the largest social landlord in Scotland. During the past 10 years, it has invested $1.86 billion in improving homes as well as investing in a range of services to help people in its communities have more opportunities to improve their lives. It has gained external recognition for its commitment to excellence through a number of prestigious awards, including winning Quality Scotland's award for Business Excellence in 2011, securing Customer Service Excellence (CSE) accreditation for five years in a row and, this year, gaining Investors in People (IiP) Gold accreditation.

    GHA to date has used KANA technology in the Group's Customer Service Center. The creation of Wheatley as a parent company has allowed GHA to work with its partner subsidiaries -- Cube Housing Association, West Lothian Housing Partnership, YourPlace Property Management and Lowther Homes -- to leverage the KANA Enterprise customer service suite to provide customers across multiple market sectors the best possible service, no matter when or how they get in touch. The Customer Service Center and community-based offices across the group will use KANA Enterprise functionality, including the Agent Desktop, Knowledge Management, Case Management, Live Chat, Web Self-Service and Co-Browse, among other capabilities to ensure their diverse customers can access consistent and personalized services.

    "We are determined to offer all our customers the best possible experience every time they contact us. KANA has provided us with advice and technology expertise to meet our customers' expectations and our growing business and property management requirements," said Mags Lightbody, Group Director of Resources for the Wheatley Group. "They have matched the ideal service automation and knowledge management capabilities to allow us to take our customer services and our business to the next level."

    "We developed KANA Enterprise to support the changing and often sophisticated needs of our customers," said James Norwood, Chief Marketing Officer for KANA. "Wheatley Group joins many leading 'blue chip' enterprises of worldwide renown, such as Barclays, British Gas and BSkyB, in choosing KANA Enterprise to underpin its customer service delivery and actively manage this essential part of its business. End-to-end service management across multiple communication channels is foremost on the minds of progressive organizations like Wheatley, and KANA technology will ensure consistent agent and customer experiences across each channel it uses to advance its business relationships."

    Wheatley will next collaborate with KANA on developing the social media and mobile aspects of its customer service strategy.

    About KANA Software

    KANA understands the value of great Customer Service experiences. We know every channel through which a customer communicates with -- and about -- your brand. We provide on-premises and cloud solutions for large enterprises and mid-market organizations. By unifying and maintaining context for customer journeys across agent, Web, social and mobile experiences, KANA solutions have reduced handling time, increased resolution rates and improved net promoter scores (NPS) at more than 900 enterprises -- including many of the Fortune 500 and more than 250 government agencies. At KANA, we help create differentiated and personalized customer experiences that count.

    KANA is based in Silicon Valley, California and has offices worldwide. For more information visit www.kana.com, phone +1 800-737-8738, and follow KANA on Twitter @KANAsoftware.

    KANA is a registered trademark of KANA Software, Inc. All other company and product names may be trademarks of their respective owners.


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    TA XBIEX, MALTA--(Marketwired - August 30, 2013) - One of the biggest blockbuster films of all time forms the theme of All Slots Casino's newest and biggest game: the 5-reel, 243-way video slot THE DARK KNIGHT RISES.

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    GLASGOW, SCOTLAND--(Marketwired - August 30, 2013) - Wheatley Group -- Scotland's leading housing, care and community regeneration group -- is implementing KANA Enterprise as its customer service management solution. Wheatley delivers, through its three Registered Social Landlords and two commercial companies, a range of affordable housing, community regeneration, property management and tenant support services to its 70,000 customers.

    Wheatley, which has an annual turnover of £193million, has transformed its business to ensure its subsidiaries are firmly rooted in their local communities and that staff are fully empowered to provide excellent, tailored customer services at every point of contact. This includes making best use of cutting-edge technology to offer customers new and modern ways of accessing services that meet their changing expectations.

    Glasgow Housing Association (GHA), the powerhouse of Wheatley Group, is the largest social landlord in Scotland. During the past 10 years, it has invested £1.2billion in improving homes as well as investing in a range of services to help people in its communities have more opportunities to improve their lives. It has gained external recognition for its commitment to excellence through a number of prestigious awards, including winning Quality Scotland's award for Business Excellence in 2011, securing Customer Service Excellence (CSE) accreditation for five years in a row and, this year, gaining Investors in People (IiP) Gold accreditation.

    GHA to date has used KANA technology in the Group's Customer Service Centre. The creation of Wheatley as a parent company has allowed GHA to work with its partner subsidiaries -- Cube Housing Association, West Lothian Housing Partnership, YourPlace Property Management and Lowther Homes -- to leverage the KANA Enterprise customer service suite to provide customers across multiple market sectors the best possible service, no matter when or how they get in touch. The Customer Service Centre and community-based offices across the group will use KANA Enterprise functionality, including the Agent Desktop, Knowledge Management, Case Management, Live Chat, Web Self-Service and Co-Browse, among other capabilities to ensure their diverse customers can access consistent and personalised services.

    "We are determined to offer all our customers the best possible experience every time they contact us. KANA has provided us with advice and technology expertise to meet our customers' expectations and our growing business and property management requirements," said Mags Lightbody, Group Director of Resources for the Wheatley Group. "They have matched the ideal service automation and knowledge management capabilities to allow us to take our customer services and our business to the next level."

     "We developed KANA Enterprise to support the changing and often sophisticated needs of our customers," said James Norwood, Chief Marketing Officer for KANA. "Wheatley Group joins many leading 'blue chip' enterprises of worldwide renown, such as Barclays, British Gas and BSkyB, in choosing KANA Enterprise to underpin its customer service delivery and actively manage this essential part of its business. End-to-end service management across multiple communication channels is foremost on the minds of progressive organisations like Wheatley, and KANA technology will ensure consistent agent and customer experiences across each channel it uses to advance its business relationships."

    Wheatley will next collaborate with KANA on developing the social media and mobile aspects of its customer service strategy.

    About KANA Software
    KANA understands the value of great Customer Service experiences. We know every channel through which a customer communicates with -- and about -- your brand. We provide on-premises and cloud solutions for large enterprises and mid-market organizations. By unifying and maintaining context for customer journeys across agent, Web, social and mobile experiences, KANA solutions have reduced handling time, increased resolution rates and improved net promoter scores (NPS) at more than 900 enterprises -- including many of the Fortune 500 and more than 250 government agencies. At KANA, we help create differentiated and personalized customer experiences that count.

    KANA is based in Silicon Valley, California and has offices worldwide. For more information visit www.kana.com, phone +1 800-737-8738, and follow KANA on Twitter @KANAsoftware.

    KANA is a registered trademark of KANA Software, Inc. All other company and product names may be trademarks of their respective owners.


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    MOUNTAIN VIEW, CA--(Marketwired - August 30, 2013) - Gigya, the Connected Consumer Management Suite, today announced it is collaborating with Amazon.com (NASDAQ: AMZN) to integrate the Send to Kindle Button into Gigya's Share Plugins. The Send to Kindle Button enables website and mobile app users to seamlessly send content from webpages to their Kindles, allowing for anywhere, anytime reading on Kindle e-reader, Kindle Fire, or free Kindle reading apps for iPhone, iPad, iPod Touch and Android.

    Gigya clients including Entrepreneur Media (Entrepreneur.com), DC Thomson (The Evening Telegraph) and BDFM Publishers (Business Day) are implementing the Send to Kindle Button by leveraging the new integration in Gigya's Share Bar. Through the integration, Gigya clients can boost content engagement across platforms through offering their users the ability to send articles directly to their Kindle and mobile devices.

    "Amazon continues to be on the forefront of helping connected consumers engage with content and products regardless of the platforms they use," said Patrick Salyer, CEO of Gigya. "As a consumer, I love the reading experience on the Kindle, and through our relationship with Amazon, Gigya is helping our clients give consumers the ability to enjoy content on the go and across devices."

    For information on implementing Send to Kindle through Gigya's Share Bar go to: http://info.gigya.com/amazon-send-to-kindle.html

    About Gigya

    Gigya's Connected Consumer Management Suite enables the world's largest brands, including Pepsi, Verizon and ABC to understand and connect more closely with today's mobile and socially connected consumers. Our technology helps businesses access, consolidate and manage permission-based identity and behavior data, while providing deep customer insights that turn data into action.

    Through products like Social Login, Registration-as-a-Service, Social Plugins and Gamification, Gigya provides clients with the rich data, intelligence, and tools needed to reach consumers with the right messages, on the right platforms at the right time. Gigya drives user acquisition and engagement for nearly 700 enterprises and reaches 1.5 billion unique users per month, ensuring that today's businesses stay relevant in the age of the connected consumer. 


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    ST. LOUIS, MO--(Marketwired - August 30, 2013) - HDA, Inc., a St. Louis-based distributing, merchandising and publishing company, is thrilled to announce that their YouTube Channel for their home plan website, houseplansandmore.com, has reached one million views. The St. Louis-based company currently offers YouTube users 138 public videos featuring leading home designs in addition to other do-it-yourself building and project videos. Also, through their YouTube channel, users are easily linked to HDA's home plan website, houseplansandmore.com, where more than 17,000 stock home plans are available for purchase.

    YouTube, a video-sharing website created in February 2005, allows users the ability to upload, view, and share videos. Like many of today's popular social networking sites, YouTube is a great way for an individual to follow and connect with companies and topics that spark their interest. Companies, like HDA, are aware that this venue is ideal for their product since their house designs have great visual appeal. With free access to post and view, YouTube users can quickly feel a part of a community and follow their hobbies and interests now easier than ever.

    HDA created the House Plans and More channel, http://www.youtube.com/user/houseplansandmore, in June 2008 and has been producing videos to showcase many of their top-selling homes ever since. Whether it's a plan specific video showcasing one particular house design, or a montage video featuring a variety of homes all designed in the same architectural style, House Plans and More offers true inspiration for a wide variety of people interested in homes. Architects, interior designers, home builders, real estate agents, homeowners, or anyone with a passion for homes will find the videos featured on House Plans and More's channel enticing. In addition, all of the home plans seen in House Plans and More's YouTube videos have blueprints available for purchase at houseplansandmore.com.

    House Plans and More has a growing network of individuals worldwide who connect with their YouTube channel and their compelling videos every single day. To become a subscriber, visit http://www.youtube.com/user/houseplansandmore. For information on house plans, please visit houseplansandmore.com, or visit HDA's corporate website at www.hdainc.com.

    HDA, Inc., headquartered in St. Louis, Missouri, is one of the country's largest distributors and category managers of books and magazines to retail outlets. HDA distributes more than 31 million consumer books, magazines and other products to more than 7,000 specialty retail customers. The company also publishes its own books, magazines, home plans, project plans, wall murals and kits for creating Yard Art. HDA was founded in 1983 by Robert Ketterer and George Bearer. The company is located at 944 Anglum Road, St. Louis, Missouri, 63042-2329. For more information please call 314-770-2222 or visit www.hdainc.com.


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