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Current Feed Content from 13 Aug 08 11:00

• Andlauer Management Group Inc. Proposes Transaction to Acquire ATS Andlauer Income Fund (TSX:ATS.UN)

  Mon, 11 Aug 2008 20:07:00 EDT
  TORONTO, ONTARIO--(eMediaWorld - Aug. 11, 2008) - Attention Business Editors: Andlauer Management Group Inc. ("AMG") announced today that it has proposed a transaction to the board of trustees of ATS Andlauer Income Fund ("ATS") (TSX:ATS.UN) under which AMG or an affiliate would acquire all of the units of ATS not owned by AMG or its affiliates at a price of C$11.75 per Unit which represents a premium of C$2.30 or 24.3% from the closing price of the Units on the TSX on August 11, 2008 of C$9.45 and 25.8% based on the 20-day volume weighted average price of the ATS units.

• ATS Andlauer Income Fund Announces Strong Revenue Growth and Margin Improvement During the Second Quarter 2008

  Mon, 11 Aug 2008 17:02:00 EDT
  - Revenue grows 8.0% (12.9% including fuel surcharge) - EBITDA up 12.8% - Payout ratio 78%

• AirNet Systems, Inc. Announces New Chief Financial Officer

  Mon, 11 Aug 2008 13:55:00 EDT
  COLUMBUS, OH--(eMediaWorld - August 11, 2008) - AirNet Systems, Inc. ("AirNet") announced today that Fred L. deLeeuw joined the Company as Chief Financial Officer, effective July 21, 2008. Mr. deLeeuw has more than three decades of experience in the airline industry. Since 2005, he served as President of Big Sky Airlines Co., a regional passenger airline, based in Billings, Montana. Prior to that, he held various financial and marketing positions with increased responsibilities at several regional, national and international airlines, including Atlas Air, Inc., Continental, Northwest, Vanguard and People Express

• Leading Business Magazine Names Ryder to Supply & Demand Chain Executive 100

  Thu, 31 Jul 2008 07:10:00 EDT
  MIAMI, FL--(eMediaWorld - July 31, 2008) - Supply & Demand Chain Executive Magazine, the executive's user manual for successful supply and demand chain transformation, has named Ryder System, Inc. (NYSE: R) to its seventh annual listing of the Supply & Demand Chain Executive 100. The Supply & Demand Chain Executive 100 highlights supply chain solution providers, consultants and other organizations that are helping lead the way in transforming companies' supply and demand chains. This year the magazine identified 100 leading providers of supply chain services and technologies who are at the forefront of innovation.

• AutoInfo, Inc. Announces Quarterly Results; Net Revenues Increase 46%

  Thu, 31 Jul 2008 07:00:00 EDT
  BOCA RATON, FL--(eMediaWorld - July 31, 2008) - AutoInfo, Inc. (OTCBB: AUTO), a non-asset based third party logistics service provider, today announced results of its operations for the quarter and six months ended June 30, 2008. For the six months ended June 30, 2008, the Company reported gross revenues of $81.8 million as compared with $48.3 million for the prior year period. Net revenues (gross revenues less the direct cost of transportation) were $14.3 million for the current period as compared with $10.0 million for the prior year period, an increase of 43%. The Company reported income from operations of $2, 028, 000 for the current period as compared with $1, 326, 000 for the prior year period. Net income was $1, 086, 000 and basic earnings per share were $.03 per share for the current period, as compared with $709, 000 and $.02 per share for the prior year period.

• Ericsson and TM to expand nationwide optical network in Malaysia

  Thu, 31 Jul 2008 04:44:00 EDT
  STOCKHOLM, SWEDEN--(eMediaWorld - July 31, 2008) - Ericsson (NASDAQ: ERIC) and Telekom Malaysia Berhad T, Malaysia's leading next- generation communications and broadband provider, have signed a two-year contract for the nationwide expansion of TM's optical network infrastructure and associated network management. The move will allow TM to meet growing consumer appetite for broadband services, including advanced applications such as Internet Protocol Television (IPTV).

• ABERTIS NET PROFIT UP 5.4%, TO EUR 331MN IN 1H08

  Thu, 31 Jul 2008 01:23:00 EDT
  BARCELONA, SPAIN--(eMediaWorld - July 31, 2008) - The Group's key figures continue to grow in the current business environment, marked by an uncertain economic cycle : - Revenues totalled EUR 1, 777Mn (+2.5%). - EBITDA was EUR 1, 111Mn (+0.5%). - Net Profit reached EUR 331Mn (+5.4%). - Net Cash Flow was EUR 668Mn (+3%). The diversification and expansion of the last few years (50% of revenues and 45% of EBITDA are currently generated outside of Spain) has given the Group greater strength and stability and helped offset the marked slowdown in the Spanish economy. Abertis remained committed to its policy of geographic and sector diversification in the first half of this year:

• Seaspan Reports Financial Results for the Three and Six Months Ended June 30, 2008

  Wed, 30 Jul 2008 15:01:00 EDT
  Secures $526.5 Million Bank Financing and Completes $228 Million Equity Offering to Increase Capacity for Growth During Six Month Period

• ToolsGroup Again Named a Top 100 Provider of Innovative Supply Chain Solutions

  Wed, 30 Jul 2008 08:01:00 EDT
  Company Recognized by Supply & Demand Chain Executive Magazine

• Ericsson wins VDSL2 contract to upgrade Telecom Liechtenstein's ADSL network

  Wed, 30 Jul 2008 02:00:00 EDT
  STOCKHOLM, SWEDEN--(eMediaWorld - July 30, 2008) - Ericsson (NASDAQ: ERIC) has signed an agreement with Telecom Liechtenstein to upgrade and expand their ADSL network with the new VDSL2 technology. Ericsson will also provide support over the next three years. The deal will bring high-speed broadband to Telecom Liechtenstein subscribers across the country. VDSL2, based on Ericsson's advanced EDA1200 product, enables Telecom Liechtenstein wide deployment of multiplay services e.g. voice, video and data as well as HDTV, IPTV, Video on Demand, high speed Internet access and interactive gaming.

• Partial Settlement Reached on Fees Foreign Air Carriers at Tom Bradley International Terminal Will Pay Los Angeles Airport

  Tue, 29 Jul 2008 18:28:00 EDT
  LOS ANGELES, CA--(eMediaWorld - July 29, 2008) - Los Angeles Board of Airport Commissioners announces approval of a partial settlement agreement with 22 foreign air carriers operating at the Tom Bradley International Terminal at Los Angeles International Airport (LAX). Los Angeles World Airports officials released the following statement after the Board publicly reconvened yesterday from a closed session that followed its regularly scheduled public meeting: In the matters of Alaska Airlines, et al. v. Los Angeles World Airports, et al. (Docket No. OST 2007-27331) and Aer Lingus Group, PLC, et al. v. Los Angeles World Airports, et al. (Docket No. OST-2007-28118), Los Angeles World Airports ("LAWA") has reached a partial settlement agreement with 22 foreign air carriers operating out of the Tom Bradley International Terminal ("TBIT") ("TBIT Airlines"), which settles for Calendar Years 2006 through 2009, the challenges raised by the TBIT Airlines in their February 16, 2007, and

• Master Halco Outsources Dedicated Contract Carriage and Transportation Management Operations to Ryder

  Tue, 29 Jul 2008 16:15:00 EDT
  MIAMI, FL--(eMediaWorld - July 29, 2008) - Ryder System, Inc. (NYSE: R), a global leader in transportation and supply chain management solutions, today announced it has been awarded a Dedicated Contract Carriage (DCC) and Transportation Management contract with Master Halco, Inc., the world's leading distributor and manufacturer of perimeter security and fencing. "Our partnership with Ryder continues to expand as a direct result of our enhanced performance capabilities and quality products and service we deliver to our customers, " said Steve Smiley, Master Halco's Vice President, Strategic Supply & Logistics. "We have confidence in Ryder's transportation and logistics capabilities and expertise to drive operational excellence throughout our operations."

• Grupo TMM Reports Second-Quarter 2008 Financial Results

  Mon, 28 Jul 2008 17:33:00 EDT
  MEXICO CITY--(eMediaWorld - July 28, 2008) - Grupo TMM, S.A.B. (NYSE: TMM) and (BMV: TMM A) ("TMM" or the "Company"), a Mexican intermodal transportation and logistics company, reported today its financial results for the second quarter and first six months of 2008. MANAGEMENT OVERVIEW José F. Serrano, chairman and chief executive officer of Grupo TMM, stated, "We are very pleased to have successfully completed our 20-year Mexican Trust Certificates Program through the recent issuance of the third tranche. This facility is non recourse to the Company and is tied to the useful life of the vessels purchased with its proceeds. The Program was rated AA by Fitch Ratings, reflecting TMM's continued quality operating performance, increased demand for maritime transportation services in Mexico and the Mexican Navigation Law principles. This Program was the largest placement of long-term debt tied to the useful life of

• BNSF Logistics Selected to Top Industry Excellence Lists

  Mon, 28 Jul 2008 13:32:00 EDT
  SPRINGDALE, AR--(eMediaWorld - July 28, 2008) - BNSF Logistics, LLC has been named one of the top logistics providers for the fifth consecutive year by readers of Inbound Logistics magazine in its annual "Top 10 Providers of 3PL Excellence" survey. Over 5, 000 readers participated in this year's survey, placing votes for 325 individual companies. "BNSF Logistics provides the flexible and innovative supply chain solutions that companies large and small demand. Our readers recognized that BNSF Logistics is responsive to their needs, and offers strategic solutions designed to drive business process improvement and change, " stated Felecia Stratton, Editor of Inbound Logistics.

• Ryder Honored as 'Outstanding Integrated Logistics Service Provider' in China

  Wed, 23 Jul 2008 07:00:00 EDT
  MIAMI, FL--(eMediaWorld - July 23, 2008) - Ryder System, Inc. (NYSE: R), a global leader in supply chain, warehousing and transportation management solutions, today announced it was honored with the award for "Outstanding Integrated Logistics Service Provider in China" given by China Modern Logistics News with the support of the China Federation of Logistics and Procurement. The award was presented to Ryder during the Second International Logistics and Supply Chain Development Summit held recently in Suzhou, China.

• Ryder Reports Second Quarter 2008 Results

  Wed, 23 Jul 2008 06:55:00 EDT
  MIAMI, FL--(eMediaWorld - July 23, 2008) - Ryder System, Inc. (NYSE: R) -- Second Quarter EPS of $1.10 Include a $0.12 Charge for Brazil Related to Prior Years -- Comparable Second Quarter EPS of $1.22 Increase 14% -- Second Quarter Total Revenue Flat; Operating Revenue Grows 5% -- Full-Year Comparable EPS Forecast Held to Narrowed Range of $4.60 to $4.70 Ryder System, Inc. (NYSE: R), a global leader in transportation and supply chain management solutions, today reported earnings per diluted share (EPS) of $1.10 for the three-month period ended June 30, 2008, up 3% from EPS of $1.07 in the year-earlier period. Net earnings were $62.9 million, down 3% from $65.1 million in the year-earlier period. Earnings in the current period included an after-tax charge of $6.8 million, or $0.12 per diluted share, in the Company's Supply Chain

• Ericsson resolves on a directed offer for C shares for LTV 2008

  Wed, 23 Jul 2008 04:07:00 EDT
  STOCKHOLM, SWEDEN--(eMediaWorld - July 23, 2008) - In accordance with the resolution by the Annual General Meeting 2008, Ericsson (NASDAQ: ERIC) expands its treasury stock in order to provide shares for the Long-Term Variable Compensation Program (LTV) 2008 for employees in Ericsson. The Board of Directors of Ericsson has today resolved, by virtue of an authorization given by the Annual General Meeting on April 9 2008, to direct an offer to all holders of C shares, i.e. AB Industrivärden and Investor AB, to acquire these shares.

• Björn Olsson, Executive Vice President of Ericsson, to pursue opportunities outside Ericsson

  Wed, 23 Jul 2008 02:09:00 EDT
  STOCKHOLM, SWEDEN--(eMediaWorld - July 23, 2008) - Björn Olsson, Executive Vice President of Ericsson (NASDAQ: ERIC) and deputy head of Business Unit Network, has decided to pursue opportunities outside Ericsson and will leave the company at year-end. "Björn Olsson has been with Ericsson for more than 25 years and he has held many key management positions within the company. I respect that he has decided to pursue opportunities outside Ericsson. During his career within Ericsson, he has contributed with his vast experience in a highly appreciated way" says Carl-Henric Svanberg, President and CEO of Ericsson.

• Veteran Executive Named CEO at National Notary Association

  Tue, 22 Jul 2008 14:00:00 EDT
  Larisa B. Gurnick to Lead Organization Into Era of Aggressive Growth in eNotarization

• Syscan Announces Intent to Seek 30 to 1 Reverse Stock Split

  Tue, 22 Jul 2008 10:42:00 EDT
  MONTREAL, QUEBEC--(eMediaWorld - July 22, 2008) - Syscan International Inc. (the "Corporation") (TSX VENTURE:SYA) announced today that its Board has voted to seek shareholder approval for a reverse stock split and established a ratio of 1-for 30. A shareholder meeting will be called to vote on the proposed reverse split. As a result of the reverse stock split, every 30 shares of Syscan common stock will be combined into one share of Syscan common stock. The reverse stock split affects all shares of common stock, stock options and warrants of Syscan outstanding as of immediately prior to the effective time of the reverse stock split. Syscan will pay cash in lieu of fractional shares, as required. The number of shares of Syscan common stock currently outstanding is approximately 48 million.

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