Press Releases

'uMan' is an interactive reality game show developed by Dori New Media and Cellcom

LONDON--(BUSINESS WIRE)-- Dori Media Group ("DMG" or "the Company"), the international media company active in the field of television, with a focus on production, distribution, broadcasting and merchandising of Telenovela, announces that its first interactive reality game show "uMan" has been sold to the trendsetting, independent mobile media and technology company - "Buongiorno" in Spain.

'uMan' (locally named in Israel as 'Megudalim') was launched in July 2009, broadcasting 24 hours a day, 7 days a week. 'uMan' is a unique and innovative 24/7 cross-platform control game, based on an idea developed by Dori New Media and produced by Dori Media Darset with Cellcom, for cell phones, internet and TV. Eight contestants enter a "Lab" for 21 days during which their every move is controlled by viewers and they have to score life-points to win. The viewers' control is constant and they choose how contestants live, what they eat, what they wear and who they sleep with. 'uMan' has become an instant success in Israel, where more than 7 million viewer votes have been cast on-line in 21 days. During this period, 700,000 unique users (out of a total population of 7 million) have visited the site, many of whom visited more than once a day and spent 12 minutes on the average in the site. The game was aired live 24 hours a day, 7 days a week.

Nadav Palti, President & CEO of Dori Media Group commented: "we are very proud to collaborate with Buongiorno, which is the world's No. 1 company in mobile entertainment and global market leader with 90% of the revenues coming from international sources. We believe that an international format such as "uMan" can be easily adapted in different countries and cultures around the globe and we eagerly anticipate the debut of the Spanish version. "uMan", developed by Dori New Media and Cellcom, is a unique product that has the ability to attract the most desirable target audience - teenagers, and enable them to influence through their mobile phones and through internet surfing".

For further information on Dori Media Group, please visit our website on www.dorimedia.com

Dori Media Group is an international media group that produces, distributes and broadcasts telenovelas. The group owns approximately 4,450 television hours that it sells to a wide variety of audiences in more than 70 countries. In Israel, Dori Media is the owner of Dori Media Paran and Dori Media Darset, which produce daily series and telenovelas for the Israeli market. It also owns and operates two telenovela channels, Viva and Viva Platinum. In the Israeli market, Dori Media also packages, produces and operates all of the movie channels on HOT cable television and the series channel on HOT Extra. In Indonesia, the company operates the Televiva Vision 2 channel that is devoted to telenovelas and Baby TV Vision 3 for toddlers. The Dori Media Group in controlled by Mapal Communications Ltd. one of the largest media companies in the Israel. The group is traded on the London Stock Exchange where its symbol is DMG. For more information on Dori Media, visit our corporate website at http://www.dorimedia.com/

    Source: Dori Media Group

SUGAR LAND, TX -- (MARKET WIRE) -- 11/11/09 -- Researched by Industrial Info Resources (Sugar Land, Texas) -- Energy and transport infrastructure company Alstom SA (EPA:ALO) (Levallois-Perret, France) and oilfield services company Schlumberger Limited (NYSE: SLB) (Houston, Texas) recently announced that they have signed an agreement for a mutual collaboration under which they will study the technical readiness of power plants to accommodate carbon capture and storage (CCS) systems developed by Alstom. The study will identify steps that a power plant must take to adapt to the CCS systems, evaluate potential storage sites for carbon dioxide, and also assess the future costs of transporting and storing carbon dioxide. The joint offering has been designed so that power plants can incorporate CCS in the future and secure environmental permits easily. Alstom has signed agreements with several power, utility, and oil and gas companies in the U.S. and Europe since 2006 to test carbon-capture technologies, including American Electric Power Company Incorporated (NYSE: AEP) (Columbus, Ohio), The Dow Chemical Company (NYSE: DOW) (Midland, Michigan) and StatoilHydro ASA (NYSE: STO) (Stavanger, Norway).

For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/showNews.jsp?newsitemID=152327, or browse other breaking industrial news stories at www.industrialinfo.com.

Industrial Info Resources (IIR) is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy related markets. For more than 26 years, Industrial Info has provided plant and project opportunity databases, market forecasts, high resolution maps, and daily industry news. For more information send inquiries to powergroup@industrialinfo.com or visit us online at www.industrialinfo.com.

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Contact:
Joe Govreau
713-783-5147

BELLEVUE, Wash., Nov. 11 /PRNewswire-FirstCall/ -- Telanetix, Inc. (OTC BB: TNXI), a leading communications solutions provider offering next generation voice services and solutions to the business market, today reported financial results for its third quarter ended September 30, 2009.

Financial Highlights for the Third Quarter

    --  Revenue was $8.1 million compared to $7.6 million in the preceding
        quarter, and $8.5 million in the third quarter of 2008.
    --  Core Voice Revenues increased 16% to $5.3 over the third quarter last
        year.
    --  Voice revenue increased to $7.2 million from $6.8 million in third
        quarter of last year.
    --  Video revenue was $0.9 million, compared to $1.7 million in the third
        quarter of last year.
    --  Adjusted EBITDA for the quarter improved to a loss of $61,000, compared
        to a loss of $138,000 reported in the third quarter of last year. The
        continued improvements in Adjusted EBITDA primarily reflect the
        company's cost controls.
    --  Gross profit was $4.3 million, or 52.9% of revenue, which compared to
        $4.5 million, or 53.1% of revenue for the third quarter of last year.
        --  Voice gross margins were 58.6%, compared to 59.3% in the third
            quarter of 2008.
        --  Video gross margins were 9.1%, compared to 28.5% in the third
            quarter of 2008 reflecting the decline in revenues during the
            quarter.
    --  Total operating expenses were $7.2 million compared to $6.5 million. 
        The increase was primarily due to increased advertising costs and a $1.4
        million non-cash charge for impairment of intangibles and offset by
        lower general and administrative and research and development expenses.
    --  Net income for the quarter was $78,000, or $0.00 cents per share, that
        compared to a net loss of $619,000 or $0.02 cents per share in the third
        quarter of 2008.

    --  Monthly customer churn rate for the quarter remained very strong at
        2.4%.

The figures for Adjusted EBITDA are non-GAAP financial measure. Management believes certain non-GAAP measures provide relevant and meaningful measures by which investors can evaluate the business. EBITDA is defined as earnings or loss before interest, income taxes, depreciation and amortization, and the company defines Adjusted EBITDA as EBITDA adjusted for non-cash items including stock-based and warrant compensation, charges related to changes in fair market value of warrant and beneficial conversion feature liabilities. Reconciliation can be found at the end of this release.

Management Comments

"I am pleased with the progress we made during the quarter and with the overall improvements in operation of the company" said Doug Johnson, CEO of Telanetix. "We saw continued growth of our next generation Digital Phone Service, or DPS, which doubled its installed base during the quarter, and recently launched a new Cordless Phone to our product suite, giving customers a full range of functionality."

Mr. Johnson continued, "We also signed and expanded key strategic relationships during the quarter, extending our contract with a large SIP Trunking customer in CallSource, and also signed on a new channel partner with Beneplace as we work to build our footprint in the small business marketplace."

Third Quarter & Nine Months Business Summary

Telanetix reported revenues of $8.1 million for the third quarter of 2009, down 4.7% compared to $8.5 million reported in the same quarter of last year. The decline came in Video revenue, while Voice increased 5.6% over third quarter 2008.

The company reported net income of $0.08 million, or $0.00 per share, for the quarter compared to a net loss of $0.6 million, or a net loss of $0.02 per share for the third quarter of 2008. The net income for the quarter included $0.8 million expense for interest and a $3.8 million credit for fair market valuation of warrants and beneficial conversion feature liabilities and a $1.4 million charge for impairment of intangibles. The net loss in third quarter of 2008 included $1.5 million expense for interest and a, $2.8 million credit for fair market valuation of warrants and beneficial conversion feature liabilities.

For the nine months ended September 30, 2009, total revenue was $24.2 million, compared to $24.2 million reported in the same period last year. The company reported a net loss $9.2 million, or a loss of $0.29 per share, compared to a net loss of $6.0 million, or a loss of $0.24 per share for the same period last year.

The net loss for the first nine months in 2009 included $3.3 million expense for interest and a $0.2 million credit for warrant and beneficial conversion feature liabilities and a $1.4 million impairment of intangibles. Net loss for the nine months of 2008 included a $4.5 million expense for interest, a $11.6 million credit for fair market valuation of warrants and beneficial conversion feature liabilities and Series A preferred stock dividends and accretion of $3.2 million.

Total cash and cash equivalents were $1.0 million on September 30, 2009 which was in line with company expectations.

Conference Call Information

Management will conduct a conference call at 1:30 PT/4:30 pm ET on November 11, 2009 to discuss the company's third quarter 2009 results. To access the call in the United States, dial 800-510-9834 to dial-in internationally, dial 617-614-3669 and enter passcode: 74013188. The call will also be broadcast live over the Internet and will be available for replay for 90 days at www.telanetix.com. A telephone replay will be available two hours after the call through November 15, 2009 by dialing 888-286-8010 for domestic callers and 617-801-6888 for international callers. All parties will need the following replay pass code 84247773.

About Telanetix, Inc.

Telanetix is a leading communications solutions provider offering next generation voice services and video telepresence solutions to the business market. Telanetix solutions meet the real-world communications demands of its customers with powerful, cost effective industry-leading communication solutions. The company's voice offerings, marketed under the "AccessLine" brand, give business customers a flexible, easy to use, cost effective alternative to today's traditional phone service, offering flexible calling solutions, a simpler installation experience, and a greater range of support options than traditional telecom providers. The company's video telepresence offering, marketed under the Telanetix Digital Presence(TM) brand, creates fully immersive and interactive meeting environments that incorporate voice, video and data from multiple locations into a single environment. Additional information may be found at the Telanetix corporate website, www.telanetix.com.

Safe Harbor Statement

Certain statements contained in this press release are "forward-looking statements" within the meaning of applicable federal securities laws, including, without limitation, anything relating or referring to future financial results and plans for future business development activities, and are thus prospective. Forward-looking statements are inherently subject to risks and uncertainties some of which cannot be predicted or quantified based on current expectations. Such risks and uncertainties include, without limitation, the risks and uncertainties set forth from time to time in reports filed by the company with the Securities and Exchange Commission. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Consequently, future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements contained herein. The companies undertake no obligation to publicly release statements made to reflect events or circumstances after the date hereof.

                                 - Tables to Follow -



                                    TELANETIX, INC.
                              Consolidated Balance Sheets


                                     September 30, 2009    December 31, 2008
                                     ------------------    -----------------
                                         (Unaudited)
    ASSETS
    Current assets
      Cash                                $1,015,699        $     975,137
      Accounts receivable, net             2,172,990            3,591,859
      Inventory                              681,265              556,321
      Prepaid expenses and other
       current assets                        573,417              568,242
                                          ----------           ----------
            Total current assets           4,443,371            5,691,559
    Property and equipment, net            4,185,309            5,178,194
    Goodwill                               7,044,864            7,821,728
    Purchased intangibles, net            13,928,337           16,233,337
    Other assets                             947,250              983,098
                                          ----------           ----------
            Total assets                 $30,549,131        $  35,907,916
                                          ==========           ==========
    LIABILITIES AND STOCKHOLDERS'
     EQUITY
    Current liabilities
      Accounts payable                    $2,896,173        $   2,456,706
      Accrued liabilities                  2,985,597            2,954,312
      Accrued interest                             -              888,242
      Deferred revenue                     1,130,546            1,021,389
      Current portion of capital lease
       obligations                           714,118              939,603
      Warrant and beneficial conversion
       feature liabilities                 7,609,987            5,398,724
                                          ----------           ----------
            Total current liabilities     15,336,421           13,658,976
    Non-current liabilities
      Accrued interest                     2,367,556                    -
      Capital lease obligations, net of
       current portion                       528,718              814,052
      Deferred revenue                       231,629              188,134
      Convertible debentures, less
       current portion                    17,900,109           20,302,430
                                          ----------           ----------
            Total non-current
             liabilities                  21,028,012           21,304,616
                                          ----------           ----------
            Total liabilities             36,364,433           34,963,592
                                          ----------           ----------
    Stockholders' equity (deficit)
      Common stock, $.0001
       par value; Authorized:
       300,000,000 shares;
       Issued and outstanding:
       31,768,320 at September
       30, 2009 and 31,384,374
       at December 31, 2008                    3,177                3,139
      Additional paid in capital          34,123,454           33,211,274
      Warrants                             1,551,802               10,000
      Accumulated deficit                (41,493,735)         (32,280,089)
                                          ----------           ----------
            Total stockholders'
             equity (deficit)             (5,815,302)             944,324
                                          ----------           ----------
            Total liabilities and
             stockholders' equity        $30,549,131          $35,907,916
                                          ==========           ==========

                                   TELANETIX, INC.
                        Consolidated Statements of Operations
                                     (unaudited)

                              Three months ended        Nine months ended
                                 September 30,             September 30,
                              ------------------        -----------------
                              2009          2008        2009          2008
                              ----          ----        ----          ----
    Revenues              $8,094,924    $8,497,585  $24,246,797   $24,152,881

    Cost of revenues       3,813,407     3,981,703   11,417,004    12,502,054
                           ---------     ---------   ----------    ----------
        Gross profit       4,281,517     4,515,882   12,829,793    11,650,827

    Operating expenses
      Selling and
       marketing           1,786,170     1,723,483    5,181,554     5,188,653
      General and
       administrative      2,030,313     2,689,045    6,453,861     9,682,377
      Research,
       development and
       engineering         1,068,511     1,266,947    3,349,200     4,311,155
      Depreciation           275,638       230,733      826,141       635,930
      Amortization of
       purchased
       intangibles           585,000       584,999    1,755,000     1,754,997
      Impairment of
       intangibles         1,413,435             -    1,413,435             -
                           ---------     ---------   ----------    ----------
        Total operating
         expenses          7,159,067     6,495,207   18,979,191    21,573,112
                           ---------     ---------   ----------    ----------
        Operating loss    (2,877,550)   (1,979,325)  (6,149,398)   (9,922,285)

    Other income
     (expense)
      Interest income             67           283          523        17,076
      Interest expense      (799,688)   (1,480,689)  (3,289,654)   (4,469,134)
      Change in fair
       market value of
       derivative
       liabilities         3,755,578     2,840,233      224,883    11,572,985
                           ---------     ---------   ----------    ----------
        Total other
         income
         (expense)         2,955,957     1,359,827   (3,064,248)    7,120,927
                           ---------     ---------   ----------    ----------
    Net income (loss)         78,407      (619,498)  (9,213,646)   (2,801,358)
      Series A preferred
       stock dividends,
       accretion and
       increase in
       stated value                -             -            -    (3,178,003)
                           ---------     ---------   ----------    ----------
    Net income (loss)
     applicable to
     common
     stockholders            $78,407     $(619,498) $(9,213,646)  $(5,979,361)
                           =========     =========   ==========    ==========
    Net income (loss)
     per share - basic         $0.00        $(0.02)      $(0.29)       $(0.24)
                           =========     =========   ==========    ==========
    Net income (loss)
     per share - diluted       $0.00        $(0.02)      $(0.29)       $(0.24)
                           =========     =========   ==========    =========
    Weighted average
     shares outstanding
     - basic              31,667,906    27,854,837   31,402,501    25,266,459
                          ==========    ==========   ==========    ==========
    Weighted average
     shares outstanding
     - diluted            31,667,906    27,854,837   31,402,501    25,266,459
                          ==========    ==========   ==========    ==========

                                    TELANETIX, INC.
                       Supplemental Table of Revenue Breakdown


                          Three months ended           Nine months ended
                             September 30,               September 30,
                           2009        2008            2009         2008

    Voice and Network
     Solutions        $ 7,165,501 $ 6,786,712     $ 21,094,655 $ 19,388,090

    Video Solutions       929,423   1,710,873        3,152,142    4,764,791

    Total             $ 8,094,924 $ 8,497,585     $ 24,246,797 $ 24,152,881

                                     TELANETIX, INC.
                           Net Loss to EBITDA Reconciliation


                               Three months ended       Nine months ended
                                  September 30,           September 30,
                                 2009       2008        2009         2008

    Adjusted EBITDA (earnings
     release purposes only)
    Net Profit / (Loss)        $78,407   $(619,498) $(9,213,646) $(2,801,358)
    Depreciation and
     amortization of
     purchased intangibles   1,133,777   1,065,764    3,401,538    3,115,641
    Impairment of
     Intangibles             1,413,435                1,413,435
    Interest expense           799,621   1,480,406    3,289,131    4,452,058
                               -------   ---------    ---------    ---------
    EBITDA                   3,425,240   1,926,672   (1,109,542)   4,766,341
    Adjustments for certain
     non-cash expenses:
    Change in fair market
     value of warrant and
     beneficial conversion
     feature liabilities    (3,755,578) (2,840,233)    (224,883) (11,572,985)
    Stock and warrant
     compensation              269,032     775,290      825,647    3,636,025
                               -------     -------      -------    ---------
    Adjusted EBITDA           $(61,306)  $(138,271)   $(508,778) $(3,170,619)
                              ========   =========    =========  ===========

SOURCE Telanetix, Inc.

New report urges businesses to consider R&D integration in the earliest stages of M&A activity

LONDON--(BUSINESS WIRE)-- With the financial downturn fueling a predicted increase in merger and acquisition (M&A) activity in 2010, a new study by management consultancy Arthur D. Little warns that without strategic forward planning, R&D functions will suffer; risking delayed time-to-market for new products, and demotivated or inefficient innovation teams.

According to the report "Post-merger integration of R&D," executives identify R&D synergies as a main motivation for M&A, but dedicate relatively little PMI resource to ensuring successful integration. The report outlines four key levers for extracting maximum value from post-merger R&D, and also warns against common pitfalls to expect when integrating the often disparate R&D functions of recently merged businesses.

"The executives we spoke to cited R&D synergies and the resulting product portfolio improvements as a key M&A driver," said Per I. Nilsson, Global Head of the Technology and Innovation Management Practice at Arthur D. Little. "However, post-merge we find that these same executives dedicate low- to medium effort to integrating R&D. Executives need help bridging this divide between what they want from their M&A activities, and what, in reality, they will be able to achieve."

Based on interviews with executives currently undertaking PMI activities, Arthur D. Little has identified three key challenges businesses must address in order to unlock the potential value of post-merger R&D:

    --  Time - without careful forward-planning R&D synergies can take up to a
        decade to establish;
    --  Risk - merging R&D exposes the function to operational risks, including
        staff demotivation, delayed time to market, and quality control
        problems;
    --  Hard-to-achieve synergies - increased output, shorter development
        cycles, and lower product costs are notoriously difficult to realize.

Arthur D. Little's research suggests that fully integrating R&D teams is in principle the most effective post-merger strategy. To achieve this, businesses can begin to plan for the following key synergy levers before the merger has even gone through:

    --  Developing a common product strategy;
    --  Adopting a common technology strategy;
    --  Establishing shared R&D IT systems, methods, and tools;
    --  Overcoming differences in culture and values.

Post-merger integration of R&D is now available for download at www.adl.com/pmi-rd.

    Source: Arthur D. Little

A Packaged Solution for Emerging Service Providers

CAPE TOWN, South Africa--(BUSINESS WIRE)-- VocalTec Communications Ltd. (Nasdaq CM: VOCL), a global provider of carrier-class multimedia and voice-over-IP solutions for communication service providers together with Runcom Technologies, the world recognized OFDMA pioneer providing End-2-End WiMAX System solutions, disclosed their integrated WiMAX VoIP solution today at the AfricaCom Conference and Exhibition. The companies announced that they will collaborate on the provisioning of WiMAX VoIP solutions to service providers in emerging telecom markets.

The joint offering enables the delivery of both broadband and voice services to remote areas where traditional access is unavailable, assuring interoperability and ease of deployment. It also allows service providers to effectively provide high quality VoIP services to their subscribers at low cost.

"Our joint solution with Runcom Technologies, will allow operators to provide reliable, competitive and quality services to their subscribers at affordable cost," said Yair Golan, VP Marketing and Business Development at VocalTec. "Runcom has the leading technology, serving Fixed and Mobile WiMAX communications and we feel that our joint solution is highly suited to the needs of service providers in emerging telecom markets."

"We see a good opportunity for Fixed and Mobile WiMAX growth in emerging markets," said Guy Givoni, VP Sales at Runcom. "We value VocalTec's experience and technology, and look forward to rapidly deploying our joint solution, allowing service providers to benefit from enhanced Voice services."

About Runcom Technologies Ltd.

Runcom is the world's pioneer of OFDMA based End-to-End WiMAX System solutions for Fixed and Mobile operators worldwide. Runcom's offering includes Base Stations, ASN Gateways, NOC and a variety of high-end terminals including WiMAX Voice and Video Phones and handsets that comply with the IEEE802.16e-2009 standard for WiBro and Mobile WiMAX applications; For more information, visit Runcom on the Internet: http://www.runcom.com

About VocalTec

VocalTec Communications (NasdaqCM: VOCL) is a global provider of carrier-class multimedia and voice-over-IP solutions for communication service providers. A pioneer in VoIP technology since 1994, VocalTec provides proven VoIP trunking, VoIP peering and residential/enterprise VoIP application solutions that enable flexible deployment of next-generation networks (NGNs). Partnering with prominent system integrators and equipment manufacturers, VocalTec serves an installed base of dozens of leading carriers. VocalTec is led by a management team comprised of respected industry veterans.

http://www.vocaltec.com

    Source: VocalTec Communications Ltd.