MIAMI, Nov. 11, 2009 (GLOBE NEWSWIRE) -- Caribbean Casino and Gaming Corp. (Pink Sheets: CGAQ) is pleased to announce that the Sosua Bay Grand Casino has met profit expectations since the grand opening on October 24th, 2009.
Steven Swank, Chairman and Chief Executive Officer stated: "This is tremendous news to the future performance of our first project as this is currently the slow tourist season in the area. We have been able to maintain steady traffic which will only grow as we increase the live events to our convention center and enter into the high tourist season. We maintain our optimism that we will meet or exceed our financial projections."
The management team from Caribbean Casino and Gaming Corp. (Pink Sheets: CGAQ) has plans to visit a second possible location in the Caribbean this month and is excited about the potential this may have for the company. Caribbean Casino and Gaming Corp. (Pink Sheets: CGAQ) and its joint venture partner Kenilworth Systems Corporation are on schedule to be able to demonstrate the REMOTE REAL TIME LIVE CASINO TABLE GAME WAGERING system to the international public from its operations within the Sosua Bay Grand Casino.
Kenilworth Systems Corporation owns patents for this technology in the U.S. and fifty-one other industrialized countries, including China, Japan and Russia. Caribbean Casino and Gaming Corp. has a ten year contract with Kenilworth Systems Corporation.
FORWARD-LOOKING STATEMENT
This report contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this report are made as of the date hereof and Caribbean Casino and Gaming Corporation undertakes no obligation to update such statements.
CONTACT: Caribbean Casino and Gaming Corp.
Steven Swank
info@caribbeangamingcorp.com
PHILADELPHIA, PA -- (MARKET WIRE) -- 11/11/09 -- Binswanger has been named exclusive agent by Barry Callebaut U.S.A., LLC for the marketing of a one-story, 65,804 sq. ft. building with acreage in Swedesboro, New Jersey.
This fantastic building features reinforced concrete floors; insulated metal panel over concrete block walls; 25' 4" x 27' 3" clear ceiling heights; steel columns spaced 40' x 50'; all utilities, including abundant electric power; 100% wet sprinkler system; 4,800 sq. ft. of modern office space; seven tailgate truck doors and one drive-in door; and a rail line is adjacent to the property.
The property is ideally located in the Pureland Industrial Complex along I-295, midway between New York City and Washington, DC. The property affords easy access to I-95 and the New Jersey Turnpike.
Binswanger is aggressively marketing the property to a wide variety of manufacturers and distributors.
Headquartered in Philadelphia, Pa., Binswanger is an international full-service real estate organization with offices worldwide throughout the U.S.A., Canada, Mexico and South America, the U.K. and Europe, the Middle East, and Asia.
CONTACT: Ellen Weiss 215-448-6216 215-448-6097 FAX
SAN DIEGO, CA -- (MARKET WIRE) -- 11/11/09 -- Service-now.com, the pioneer of modern SaaS for IT service management, today announced it has been recognized by IDC, a leading provider of global IT research and advice, as an innovative application software company under $100 million to watch.
According to Michael Fauscette, IDC Group Vice President, Software Business Solutions, "The software applications industry is in a change cycle fueled by economic conditions, industry consolidation, and three major industry trends... acceleration of adoption of software as a service (SaaS), business process outsourcing (BPO), and open source over traditional on-premise software; new business models for software use by service providers (software within a service); Web 2.0-like functionality moving into the enterprise."
IDC's "Innovative Companies to Watch" reports(1) are a qualitative evaluation of a set of vendors within a specific market. They are not a stack ranking nor do they represent an exhaustive evaluation of all companies in a segment or a comparative ranking of the companies in the report.
Service-now.com has created a completely new IT service management software experience by delivering a powerful yet simple enterprise IT service desk application that was built on the Web, for the Web and delivered via SaaS.
Service-now.com delivers three major new product releases per year to hundreds of customers through an automated upgrade process. With SaaS, Service-now.com shifts the onus of maintaining, upgrading and running the application from the customer to the vendor. This shift in responsibility changes the ITSM software industry by allowing customers to focus on delivering quality IT service through the adoption of IT process best practices such as those outlined in the IT Infrastructure Library (ITIL).
Service-now.com developers take inspiration from consumer Web technologies like Amazon.com, Yahoo! and Google and apply the same usability principles to a modern enterprise IT service desk application. Recent Service-now.com releases have provided customers with functionality like mobile device browser access, Google-like global search, myYahoo!-like drag-and-drop UI customization, and Amazon.com-like online shopping for enterprise IT.
Service-now.com customers utilize the application to automate the management of service request, incident, problem, change, and knowledge management. Service-now.com is also used for IT project management, service catalog, discovery and application dependency mapping, CMDB, IT asset management and as a custom application development platform.
Service-now.com closed FY09 on June 30, 2009 with more than $28 million in recurring revenue. Service-now.com expects to exceed $50 million in recurring revenue at the end of FY10.
About Service-now.com
Service-now.com enterprise IT service management software combines ITIL v3 process support, modern SaaS delivery, and modern Web functionality to provide a flexible, intuitive and self-managing application. Service-now.com was founded by Fred Luddy, former CTO of Peregrine Systems and Remedy. The company is based in Solana Beach, Calif. and has more than 320 enterprise customers worldwide. For more information, please visit http://www.service-now.com/.
(1) IDC, "Innovative Application Software Companies Under $100 Million to Watch," Doc #220505, Oct. 2009.
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Service-now.com contact information: Rhett Glauser 760.487.8230 rhett.glauser@service-now.com Twitter: @rglauser
PHILADELPHIA--(BUSINESS WIRE)-- Meidlinger Partners, LLC announced today that its new investment vehicle, Meidlinger Partners Sustainable Investments, LP, completed its first closing. Limited partners committed $4.25 million to the round, and Benchmark Asset Managers, LLC, a founding investor, expects to add an additional $10.75 million toward the fund's target size of $100 million.
The fund provides expansion capital to proven companies in the lower market with solutions to solve the world's water, wastewater and energy problems. Kevin Brophy, Meidlinger's Co-Founder and CEO, said, "The lower market is the sweet spot where operational, industrial and technical support can act as a catalyst to propel portfolio companies to the next level. Since January 2009, we have seen 560 such cleantech investment opportunities, of which we are tracking more than 100 and taking a close look at 5. Many of these fit into the attractive water/energy nexus space."
The firm plans to capitalize on the strong momentum from the government, businesses, and consumers to address climate change, pursue energy independence and firm up national security. In addition, with the growing awareness of water availability, water quality and wastewater treatment and discharge issues, it is likely that the three constituent groups will continue to allocate resources to the businesses best positioned to solve these problems.
Dr. Karen Meidlinger, Managing Principal and Co-Founder, said, "We are modeling outsized returns for this fund, given the rapid growth of the market, the enormous demand for capital and the low level of investor competition given the esoteric nature of the space. We are also excited to roll up our sleeves and become an integral part of our portfolio companies as a financial, strategic and operational partner."
G. Benjamin Bingham, Managing Director of Benchmark Asset Managers, LLC and a member of Meidlinger's Advisory Board, commented, "Benchmark's investors are looking for exposure to private companies, especially in the growing cleantech space. Our firm is proud to have been a founding investor in this fund and sees great promise for the future."
Meidlinger made its first investment in Triton Water AG, an advanced water treatment company headquartered near Hamburg, Germany. The business provides end to end water and wastewater solutions for cargo ships and cruise ships, industrial companies such as its customers Airbus and Deutsche Solar, and municipalities. Meidlinger co-invested with Zouk Ventures, LTD in Triton.
Founded in November 2008, Meidlinger Partners, LLC is a Philadelphia based private equity investment firm dedicated to capitalizing businesses that will make a meaningful contribution towards a more sustainable environment and economy. For more information please visit www.meidlingerpartners.net
Source: Meidlinger Partners, LLC
DUBLIN--(BUSINESS WIRE)-- Research and Markets (http://www.researchandmarkets.com/research/647da3/lbs_research_serie) has announced the addition of Berg Insight AB's new report "LBS Research Series 2009" to their offering.
A complete set of five unique reports - offering in-depth analysis and unique insights into the mobile LBS market. This package comprise the following titles in Berg Insight's LBS Research Series: Mobile Location-Based Services, GPS and Mobile Handsets, LBS Platforms and Technologies, Personal Navigation Devices and Mobile Navigation Services.
Key Topics Covered:
MOBILE LOCATION-BASED SERVICES
-- Executive summary
-- 1 Introduction to location-based services
-- 2 Technology overview
-- 3 Regulatory environment
-- 4 Operator LBS services and strategies
-- 5 Mapping and navigation services
-- 6 Search and information services
-- 7 Community and entertainment services
-- 8 Tracking services
-- 9 Other LBS categories
-- 10 Trends and forecasts
-- Glossary
-- Index
-- List of Figures
GPS AND MOBILE HANDSETS INDEX
-- Executive summary
-- 1 GNSS in mobile phones
-- 2 Technology overview
-- 3 GPS and wireless chipset developers
-- 4 Handset operating systems
-- 5 Handset manufacturers
-- 6 Market trends and forecasts
-- Glossary
-- Index
-- List of Figures
LBS PLATFORMS AND TECHNOLOGIES
-- Executive summary
-- 1 Introduction to location platforms
-- 2 Technology overview
-- 3 Commercial deployments
-- 4 Market forecasts and trends
-- 5 Location platform and technology vendor profiles
-- Glossary
-- Index
-- List of Figures
MOBILE NAVIGATION SERVICES
-- Executive summary
-- 1 Mobile navigation solutions
-- 2 Map data and content providers
-- 3 Navigation software developers
-- 4 Mobile operator service offerings
-- 5 Branded service offerings
-- 6 Device vendor offerings
-- 7 Market forecasts and trends
-- Glossary
-- Index
-- List of Figures
PERSONAL NAVIGATION DEVICES
-- Executive summary
-- 1 Personal navigation solutions
-- 2 Content and service providers
-- 3 PND vendor profiles
-- 4 Software developer profiles
-- 5 PND hardware and enabling technologies
-- 6 Market trends and forecasts
-- Glossary
-- Index
-- List of Figures
For more information visit http://www.researchandmarkets.com/research/647da3/lbs_research_serie
Source: Research and Markets
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