Press Releases

Performance Food Group Announces Acquisition of Somerset Food Service Dec 4, 2009 08:35AM

RICHMOND, Va.--(BUSINESS WIRE)-- Performance Food Group has announced the acquisition of Somerset Food Service, a broadline foodservice distribution company in Somerset, Kentucky. The transaction is expected to close by the end of December 2009.

Somerset Food Service was founded in 1962 as an independent broadline distributor, specializing in serving the needs of single unit independent operators as well as multi-unit regional and national chains, schools, and healthcare foodservice operations. The company was acquired by its current owners in 1988, and they employ approximately 130 associates. Somerset Food Service will become one of the Performance Food Group broadline distribution operating companies, operating as "PERFORMANCE Foodservice - Somerset." Tommy Jones, currently General Manager, will become President of PERFORMANCE Foodservice - Somerset.

George Holm, CEO for Performance Food Group said, "Somerset Food Service has become a very successful company by focusing on providing quality food and timely service to its customers, commitment to its associates, and strong partnerships with its vendors. These values align perfectly with those of Performance Food Group. We are pleased to add such a quality operator to our family of companies."

Mac Pearce, EVP, President and CEO of PERFORMANCE Foodservice added, "This acquisition underscores our commitment to street sales growth and our focus on creating opportunity for our customers through our brands and service capabilities. Adding Somerset Food Service allows us to expand our presence in Kentucky and surrounding states and brings great opportunities for both organizations. We welcome Tommy Jones and his team and look forward to building on their success."

Mac Godby, President of Somerset Food Service, said, "This partnership will provide excellent opportunities for our customers and our associates. We are excited about becoming a part of the Performance Food Group family."

About Performance Food Group:

Performance Food Group is a national distributor of food service products with over 65 facilities spread from coast to coast. The company began back in 1987, when several broadline and customized distributors banded together to form PFG. The company grew rapidly, and in 2008 PFG merged with Vistar, the country's leading snacks, beverages, and candy distributor to unique customer segments such as vending, retail, theater, and concession operators, and Vistar's Roma division, which distributes to pizzerias and other Italian-themed restaurants. PFG has a large and growing business serving independent restaurants and is the country's largest distributor to the Casual Dining segment and to independent pizzerias and other Italian-themed restaurants. It also has a strong number one position distributing to Vending, Office Coffee Service, and Theater operators. Performance Food Group markets and distributes more than 68,000 national and private label food and food-related products, including its Ridgecrest, West Creek, Silver Source and First Mark brands, to over 41,000 restaurants, hotels, cafeterias, schools, healthcare and other institutions.

    Source: Performance Food Group

Research and Markets: Exxon Mobil Corporation: an Essential Corporate Analysis Dec 4, 2009 08:33AM

DUBLIN--(BUSINESS WIRE)-- Research and Markets (http://www.researchandmarkets.com/research/e4519b/exxon_mobil_corpor) has announced the addition of the "Exxon Mobil Corporation: Corporate Analysis" company profile to their offering.

This company profile is a premium company information product offering an unmatched depth and breadth of content. It analyzes the strategic positioning of the company - how the company has evolved and how it has been performing over the years.

Sectional Highlights:

    --  Structure of the organization, partnerships, mergers & acquisitions and
        recent developments have been examined
    --  Business segments of the company have been explored along with analysis
        of key products and services
    --  SWOT Analysis highlights the weaknesses of the company and the threats
        to which it is exposed; the strengths of the company and the way the
        company has positioned itself to take advantage of the opportunities
    --  Business and marketing strategies boosting earnings, brand value and
        competitive edge have been discussed
    --  Key financial indicators have been analyzed
    --  Competitive positioning of the company has been evaluated in terms of
        sales, profitability and stock performance, as compared to its
        competitors

Key Benefits:

    --  Provides input for strategic business planning
    --  Targets business opportunities & risks
    --  Exploits competitive intelligence

Target Audience:

    --  Investment Managers
    --  Venture Capitalists
    --  Management Consultants
    --  Research Companies
    --  Other Industry Professionals

Key Topics Covered:

Company Backgrounder

    --  Corporate Overview
    --  Key Facts
    --  Corporate Timeline

Business Focus

    --  Major Segments
    --  Products & Services

Corporate Overview

    --  Organizational Structure
    --  Executive Biographies
    --  Ownership Structure
    --  Subsidiaries
    --  Key Partnerships
    --  Mergers & Acquisitions
    --  Significant Developments

Strategic Analysis

    --  SWOT
    --  Strategic Focus

Financial Analysis

    --  Financial Performance
    --  Sales and Earnings Analysis
    --  Ratio Analysis
    --  Stock Performance

Competitor Analysis

    --  Major Competitors
    --  Peer Comparison at a Glance
    --  Financial Comparison
    --  Stock Chart

Company Outlook

    --  Revenue & Income Estimates

For more information visit http://www.researchandmarkets.com/research/e4519b/exxon_mobil_corpor

    Source: Research and Markets

Avid to Present at Brigantine Advisors' Tech Trends in 2010 Conference Dec 4, 2009 08:31AM

TEWKSBURY, MA -- (MARKET WIRE) -- 12/04/09 -- Avid® (NASDAQ: AVID) today announced that Ken Sexton, executive vice president, CFO and CAO, will present on the company's business at Brigantine Advisors' Tech Trends in 2010 Conference on Thursday, December 10, 2009 at 11:00 a.m. EST. The event will be held at Bloomberg Global Headquarters in New York City. An on-demand audio webcast of the presentation will be accessible via Avid's Web site during the conference and for a limited period following the conference. To listen, please visit http://ir.avid.com/.

About Avid

Avid creates the digital audio and video technology used to make the most listened to, most watched and most loved media in the world -- from the most prestigious and award-winning feature films, music recordings, television shows, live concert tours and news broadcasts, to music and movies made at home. Some of Avid's most influential and pioneering solutions include Media Composer®, Pro Tools®, Avid Unity(TM), Interplay®, Oxygen 8, Sibelius® and Pinnacle Studio(TM). For more information about Avid solutions and services, visit www.avid.com, del.icio.us, Flickr, Twitter and YouTube; connect with Avid on Facebook; or subscribe to Avid Industry Buzz.

© 2009 Avid Technology, Inc. All rights reserved. Avid, the Avid Logo, Pinnacle Studio, Avid Unity, Interplay, Media Composer, Pro Tools and Sibelius are trademarks or registered trademarks of Avid Technology, Inc. or its subsidiaries in the United States and/or other countries. The Interplay name is used with the permission of Interplay Entertainment Corp., which bears no responsibility for Avid products. All other trademarks are the property of their respective owners.

PR Contact:
Christi Dean
Avid
978-640-5147
Email Contact

IR Contact:
Tom Fitzsimmons
Avid
978-640-3346
Email Contact

Research and Markets: This Essential Q2 2009 Indonesia Mining Report Provides Independent Forecasts and Competitive Intelligence on the Industry Dec 4, 2009 08:31AM

DUBLIN--(BUSINESS WIRE)-- Research and Markets (http://www.researchandmarkets.com/research/1c11c6/indonesia_mining_r) has announced the addition of the "Indonesia Mining Report Q2 2009" report to their offering.

Investment Expected To Slump In 2009

Investment in Indonesia's mining sector could drop below US$1bn in 2009. With global commodity prices falling, many major mining companies have shelved investment plans, which could impact on the sector. At the same time, companies are also awaiting details of a new mining bill introduced to the country late last year. In 2008, mining investment in Indonesia was US$1.6bn, up from US$1.2bn in 2007, according to data from the energy and mines ministry.

New Mining Laws Introduced

In December 2008, a new mining law passed through parliament. The legislation has been keenly anticipated by investors, as legal uncertainties - particularly concerning whether local or central government has jurisdiction over certain mining areas - have plagued the mining sector in recent years.

Under the new laws, there will be an over-arching permit system for all foreign and domestic mining in the country. Previously, there were two separate agreements: one for foreign miners (the Contract of Works - CoW), and one for domestic operators (Kuasa Pertambangan - KP).

However, foreign investors liked the CoW because it gave them good protection, despite the myriad of legal changes since the Suharto regime fell in 1998. Therefore, they may be cautious and wait to see how the new system pans out before they start committing large-scale resources in the mining sector. Also, some investors are concerned about a new requirement that all mined minerals be processed and smelted in Indonesia, rather than exported in raw form.

Industry Forecast

The proposed mining law is not likely to bring about any revolutionary change in the industry's investment climate, despite the switch to a mining permit system, reminiscent of Australia. There may, however, be a short-term drop in investment as companies wait for the new laws to bed in. Despite the problems in the global commodities market, BMI still forecasts robust growth in Indonesia's mining sector, which is testament to the sheer scale of resources that the country has got.

Global Overview

On page 8 of this report, BMI examines the phenomenon of increased Chinese activity in the global mining sector, and what this means for the industry moving forward.

Key Topics Covered:

Executive Summary

SWOT Analysis

    --  Indonesia Political SWOT
    --  Indonesia Economic SWOT
    --  Indonesia Business Environment SWOT

Special Focus: Outlook For Global Mining

Industry Trends And Developments

    --  Market Overview
    --  Latest Developments
    --  Regulatory Structure And Developments

Project And Property Update

    --  Coal
    --  Tin
    --  Copper, Gold And Silver
    --  Copper, Gold And Silver: Latest Developments
    --  Nickel
    --  Diamonds
    --  Bauxite And Alumina

Mining Business Environment

    --  Regional Overview - Asia Pacific
    --  Indonesia - Business Environment Ranking
    --  Limits Of Potential Returns
    --  Risks To Realisation Of Returns
    --  Legal Framework
    --  Labour Force
    --  Foreign Investment Policy

Political Environment

Industry Forecast Scenario

    --  Metals Price Outlook
    --  Global Industry Overview
    --  Regional Analysis
    --  Indonesia - Mining Industry Forecast

Competitive Landscape

Company Monitor

    --  BHP Billiton
    --  Bumi Resources
    --  PT Antam Tbk
    --  Rio Tinto

Appendices

    --  Appendix A: Global Assumptions
    --  Global
    --  Economic Activity
    --  Monetary Policy
    --  Commodities
    --  Appendix B: Business Environment Ratings Methodology
    --  Ratings Overview

For more information visit http://www.researchandmarkets.com/research/1c11c6/indonesia_mining_r

    Source: Research and Markets

PURE Bioscience Schedules First Quarter 2010 Financial Results Conference Call for December 11, 2009 at 1:30 P.M. PST Dec 4, 2009 08:31AM

SAN DIEGO--(BUSINESS WIRE)-- PURE Bioscience (NASDAQ: PURE) today announced that Michael L. Krall, President and CEO, will host a conference call on Friday, December 11th, at 1:30 P.M. PST to review and discuss first quarter 2010 financial results.

Shareholders and other interested parties may participate in the conference call by dialing 877-407-8033 or (International) 201-689-8033 a few minutes before 1:30 P.M. PST on December 11th, 2009.

The call is being webcast by Vcall and can be accessed at www.purebio.com. Investors can also access the webcast at www.InvestorCalendar.com.

The webcast will be available for replay through March 10th, 2010. A replay of the conference call will be accessible until February 10th, 2010 by dialing 877-660-6853 or (International) 201-612-7415 and entering the Account#: 286 and the Conference ID#: 338668.

About PURE Bioscience

PURE Bioscience develops and markets technology-based bioscience products that provide solutions to numerous global health challenges. PURE's proprietary high efficacy/low toxicity bioscience technologies, including its silver dihydrogen citrate (SDC)- based antimicrobials, represent innovative advances in diverse markets and lead today's global trend toward industry and consumer use of "green" products while providing competitive advantages in efficacy and safety. Patented SDC is an electrolytically generated source of stabilized ionic silver which formulates well with other compounds. As a platform technology, SDC is distinguished from competitors in the marketplace because of its superior efficacy, reduced toxicity and the inability of bacteria to form a resistance to it. PURE is headquartered in El Cajon, California (San Diego metropolitan area). Additional information on PURE is available at www.purebio.com.

    Source: PURE Bioscience