NORTHFIELD, IL -- (MARKET WIRE) -- 12/02/09 -- According to Stephen F. Jencks, MD, MPH, in a recent New England Journal of Medicine article, America's healthcare crisis is fueled by unnecessary and costly hospitalizations, including re-admissions -- 90% of which are unplanned and at a price-tag of $17.4 billion. To enhance care and combat readmissions, South Jersey Healthcare (SJH), a leading regional healthcare provider in southern New Jersey, has entered a partnership with Pharos Innovations that aims to reduce healthcare costs while improving quality of life for patients.
Through this partnership, SJH's heart failure (HF) patients at its Regional Medical Center and Elmer Hospital will have access to Pharos' Tel-Assurance®, a cost-effective, proactive remote patient monitoring system that has proven dramatic clinical improvement and cost savings. Tel-Assurance takes a collaborative and simple health information technology (HIT) approach to chronic care management, which simplifies care coordination. With just a cell phone, landline or Internet connection and basic measurement tools, such as a bathroom scale, Tel-Assurance has helped Medicare, Medicaid and commercial patients and their physicians achieve break-through levels of clinical and financial performance improvement.
"We selected Pharos as our partner because theirs is a truly innovative solution with a proven track record of success reducing hospital readmissions in different populations across the country," said Steven Linn, M.D., M.P.H., chief medical officer, South Jersey Healthcare. "In addition, by engaging our patients in monitoring their own health status through devices they already have and are using at home, we can improve their health while controlling our costs. It is early into the program, but we are already seeing notable decreases in avoidable hospital admissions."
"We are pleased to have been selected by SJH as their partner to help address the growing problem of unnecessary hospitalizations," said Randall E. Williams, MD, CEO of Pharos. "By using the Tel-Assurance technology platform to remotely monitor their HF patients, SJH will be able to reduce hospital admissions and improve health outcomes for their patients. The result is better, more efficient and cost-effective care."
Developed over the past 14+ years by Dr. Williams, a Johns Hopkins-trained cardiologist, and refined by a staff of diversely experienced healthcare professionals, the success of Tel-Assurance is well documented in third party studies and clinical trials.
About South Jersey Healthcare
SJH is a nonprofit, integrated health care system, providing access to a continuum of health services. SJH provides hospital services, numerous community health clinics, home health services, and specialty services, which serve the medical and health care needs of Southern New Jersey residents.
About Pharos Innovations
Founded in 1995, Pharos Innovations assists healthcare providers and payers in achieving next generation clinical and financial performance improvement. An innovative, device-free remote patient monitoring platform, Tel-Assurance, improves care coordination and drives dramatic clinical improvement and cost savings. Our enabling technologies proactively involve patients in their care and result in the early identification of clinical deterioration.
Tel-Assurance substantially expands the reach, efficiency and effectiveness of clients' current health management programs for complex chronic conditions. The Pharos solution is strongly validated to show measured clinical improvement and financial impact, is the recipient of the prestigious American Heart Association National Outcomes award and was selected for the first ever National Institutes of Health (NIH) sponsored evaluation of remote monitoring interventions. For more information visit www.pharosinnovations.com or join in on the discussion at our blog, www.thecollaborativeforum.com.
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Contact: Shawn-Laree De St. Aubin 773-802-0377 Email Contact or Bonni L. Kaplan Pharos Innovations 847-790-7649 Email Contact
Daily revenue for continued operations tops $100k for the first time in 2009
Cyber Monday revenue spike more pronounced in 2009 than 2008
NEW YORK--(BUSINESS WIRE)-- Vertro, Inc. (NASDAQ: VTRO), today announced that Cyber Monday helped contribute to a record breaking revenue day for the Company's continued operations in 2009.
Estimated revenue for continued operations on November 30, 2009 (Cyber Monday) was $106,000, an increase of approximately 9% compared to the average daily revenue from the three proceeding Mondays. Analysis of the Company's historical results reveals that this 9% increase in revenue outstripped the percentage increase seen for Cyber Monday in 2008 and was more closely aligned with the percentage increase recorded in 2007.
"We're delighted to have achieved this significant revenue milestone," commented Peter Corrao, Vertro's President and CEO. "We believe our expanded user base helped us to capitalize on the increased activity on Cyber Monday and we are excited by such strong performance as we move into the 2009 holiday season."
Vertro does not typically release revenue for individual days, however in light of the increased interest in the market surrounding consumer activity on Cyber Monday the Company believes that providing this estimated revenue is in the best interest of its shareholders. The Company does not intend to make this a practice in future.
www.alot.com www.vertro.com
About Vertro, Inc.
Vertro, Inc. (NASDAQ: VTRO) is a software and technology company that owns and operates the ALOT product portfolio. ALOT's products are designed to 'Make the Internet Easy' by enhancing the way consumers engage with content online. Through ALOT, Internet users can discover best-of-the-web third party content and display that content through customizable toolbar, homepage and desktop products. ALOT has millions of live users across its product portfolio. Together these users conduct high-volumes of type-in search queries, which are monetized through third-party search and content agreements.
Source: VTRO-G
Forward-looking Statements
This press release contains certain forward-looking statements that are based upon current expectations and involve certain risks and uncertainties within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Words or expressions such as "anticipate", "plan," "will," "intend," "believe" or "expect'" or variations of such words and similar expressions are intended to identify such forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, and other factors, some of which are beyond our control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements, including (1) our ability to successfully execute upon our corporate strategies, (2) our ability to develop and successfully market new products and services, and (3) the potential acceptance of new products in the market. Additional key risks are described in Vertro's reports filed with the U.S. Securities and Exchange Commission, including the Form 10-Q for Q3 2009.
Source: Vertro, Inc.
DUBLIN, Ohio, Dec. 2 /PRNewswire-FirstCall/ -- Cardinal Health today announced that Carrie Cox will serve on the company's board of directors, effective immediately.
Cox, 52, most recently served as executive vice president and president of global pharmaceuticals at Schering-Plough Corp. She completed her tenure with the company at the close of its merger with Merck last month.
Prior to her term at Schering-Plough, Cox served as president of Pharmacia Corp.'s global pharmaceutical business. She had joined Pharmacia's predecessor company, Pharmacia & Upjohn, in 1997 and held a number of positions of increasing responsibility there.
"Carrie brings an extraordinary range of experiences from her 30 years in biopharmaceuticals and health care," said George S. Barrett, chairman and chief executive officer of Cardinal Health. "We are very excited to be able to draw on her perspectives and insights as we continue to execute on our strategic vision."
Cox has received numerous industry awards, and FORTUNE magazine named her to its list of the "50 Most Powerful Women in Business" on six separate occasions, including five consecutive years since 2005. She is a member of the board of directors of Texas Instruments, a member of the Health Policy and Management Executive Council at the Harvard School of Public Health and a member of the Board of Overseers of the University of Pennsylvania Museum of Archaeology and Anthropology.
Cox received a Bachelor of Science degree from the Massachusetts College of Pharmacy in 1981.
About Cardinal Health
Headquartered in Dublin, Ohio, Cardinal Health, Inc. (NYSE: CAH) is a Fortune 18 health care services company that improves the cost-effectiveness of health care. As the business behind health care, Cardinal Health helps pharmacies, hospitals and ambulatory care sites focus on patient care while reducing costs, improving efficiency and quality, and increasing profitability. As one of the largest health care companies in the world, Cardinal Health is an essential link in the health care supply chain, providing pharmaceuticals and medical products to more than 40,000 locations each day. The company is also a leading manufacturer of medical and surgical products, including gloves, surgical apparel and fluid management products. In addition, the company supports the growing diagnostic industry by supplying medical products to clinical laboratories and operating the nation's largest network of radiopharmacies that dispense products to aid in the early diagnosis and treatment of disease. Cardinal Health employs more than 30,000 people worldwide. More information about the company may be found at cardinalhealth.com.
SOURCE Cardinal Health, Inc.
CHICAGO--(BUSINESS WIRE)-- Equity Residential (NYSE: EQR) today announced that its operating partnership, ERP Operating Limited Partnership (the "Operating Partnership"), has commenced two cash tender offers for any and all of the series of its notes listed in the table below (collectively, the "Notes"). The offers to purchase consist of two separate offers (each an "Offer" and together, the "Offers"), with one offer to purchase any and all of the outstanding Notes listed under the heading "Non-Exchangeable Notes Offer" in the table below (the "Non-Exchangeable Notes Offer") and a second offer to purchase any and all of the outstanding Notes listed under the heading "Exchangeable Notes Offer" in the table below (the "Exchangeable Notes Offer").
The purpose of the Offers is to utilize the more than $400 million of unrestricted cash on hand and available borrowings from the Operating Partnership's undrawn revolving credit facility to retire the Notes prior to their maturity in order to reduce debt maturities and lower the Operating Partnership's future interest expense.
With approximately $250 million in 1031 exchange funds, the revolving credit facility, funds from continuing property dispositions and an untapped ATM share offering program, Equity Residential believes that it remains well-positioned to take advantage of future opportunities to add high-quality assets to its portfolio.
The consideration payable per $1,000 principal amount of each series of the Notes will include the amount set forth in the table below under the column entitled "Total Consideration" plus the accrued and unpaid interest to, but not including, the respective settlement date for the Notes purchased in each Offer. The settlement date for the Non-Exchangeable Notes Offer shall occur promptly following the Non-Exchangeable Notes Offer Expiration Date (as defined below) and is expected to be December 10, 2009. The settlement date for the Exchangeable Notes Offer shall occur promptly following the Exchangeable Notes Offer Expiration Date (as defined below) and is expected to be December 31, 2009. Additional terms and conditions of the Offer are set forth in the Offer to Purchase dated December 2, 2009 (the "Offer to Purchase") and the related Letter of Transmittal (the "Letter of Transmittal").
Principal Total
Title of Securities CUSIP No. Amount Consideration (2)
Outstanding (1)
Non-Exchangeable Notes Offer: 26884AAM5 $ 114,806,000 $ 1,060
6.95% Notes due March 2, 2011
6.625% Notes due March 15, 2012 26884AAN3 $ 400,000,000 $ 1,080
5.50% Notes due October 1, 2012 26884AAW3 $ 350,000,000 $ 1,070
Exchangeable Notes Offer:
3.85% Exchangeable Senior Notes 26884AAV5 $ 531,092,000 $ 1,000
due August 15, 2026 (3)
_________________
(1) As of December 2, 2009.
(2) Per $1,000 principal amount of Notes tendered and accepted for purchase.
(3) Callable by the Company on or after August 18, 2011 and putable by the holders on August 18, 2011, August 15, 2016 and August 15, 2021.
The Non-Exchangeable Notes Offer will expire at 5:00 p.m., New York City time, on December 9, 2009, unless extended (such date and time, as the same may be extended, the "Non-Exchangeable Notes Offer Expiration Date") and the Exchangeable Notes Offer will expire at 12:00 midnight, New York City time, on December 30, 2009 unless extended (such date and time, as the same may be extended, the "Exchangeable Notes Offer Expiration Date"). The Non-Exchangeable Notes Offer Expiration Date and the Exchangeable Notes Offer Expiration Date are each referred to as an "Expiration Date." Under certain circumstances, and as more fully described in the Offer to Purchase, the Operating Partnership may terminate either Offer before the applicable Expiration Date. Any tendered Notes may be withdrawn prior to, but not after, the applicable withdrawal date and withdrawn Notes may be re-tendered by a holder at any time prior to the applicable Expiration Date.
This press release is neither an offer to purchase nor a solicitation to buy any of these Notes nor is it a solicitation for acceptance of the Offers. The Operating Partnership is making the Offers only by, and pursuant to the terms of, the Offer to Purchase and the related Letter of Transmittal. The Offers are not being made in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. None of the Operating Partnership, Equity Residential, the Dealer Manager, the Depositary, the Information Agent for the Offers or the Trustee for the Notes makes any recommendation in connection with the Offers.
The complete terms and conditions of the Offers are set forth in the Offer to Purchase and Letter of Transmittal that is being sent to holders of the Notes. Holders are urged to read these documents carefully when they become available. Copies of the Offer to Purchase and Letter of Transmittal may be obtained from the Information Agent for the Offers, Global Bondholder Services Corporation at (866) 470-4200 (toll-free) or (212) 430-3774 (collect).
Citigroup Global Markets Inc. is the Dealer Manager for the Offers. Questions regarding the Offers may be directed to Citigroup Global Markets Inc. at (800) 558-3745 (toll-free).
Equity Residential is an S&P 500 company focused on the acquisition, development and management of high quality apartment properties in top U.S. growth markets. Equity Residential owns or has investments in 496 properties located in 23 states and the District of Columbia, consisting of 137,489 apartment units. For more information on Equity Residential, please visit our website at www.equityresidential.com.
Forward-Looking Statements
In addition to historical information, this press release contains forward-looking statements. These statements are based on current expectations, estimates, projections and assumptions made by management. While Equity Residential's management believes the assumptions underlying its forward-looking statements are reasonable, such information is inherently subject to uncertainties and may involve certain risks, including, without limitation, changes in general market conditions, including the rate of job growth and cost of labor and construction material, the level of new multifamily construction and development, competition and local government regulation. Other risks and uncertainties are described under the heading "Risk Factors" in our Annual Report on Form 10-K and subsequent periodic reports filed with the Securities and Exchange Commission (SEC) and available on our website, www.equityresidential.com. Many of these uncertainties and risks are difficult to predict and beyond management's control. Forward-looking statements are not guarantees of future performance, results or events. Equity Residential assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
Source: Equity Residential
POINT EDWARD, ON -- (MARKET WIRE) -- 12/02/09 -- Megola Inc. (PINKSHEETS: MGON) in collaboration with Vulcan Technologies and Innovative Green Solutions, is pleased to announce that it recently performed successful demonstrations of the Hartindo line of Anti-Fire products at the Fort Eustis U.S. Military base in Virginia.
The demonstrations were moderated by Mark Henderson (Colonel, USA, retired), and performed by David Williams of Hazmat4U and Hazmat1.
Demonstrations Performed
Demonstrations of the Hartindo Anti-Fire product line were witnessed by officers of both the Army and Coast Guard at the US Army Transportation Training Center at Fort Eustis.
These were presented by David Williams of Hazmat4U on behalf of Megola Inc., Vulcan Technologies, LLC and Innovative Green Solutions.
Demonstrations included Hartindo AF31 being used to extinguish small tray diesel fuel fires and similar trays with car tires set on fire. These were extinguished using portable extinguishers.
http://www.igsfederal.com/af31-video.html
Hartindo AF21 inhibitor was sprayed on military clothing and demonstrated against untreated materials.
Further demonstrations exhibiting the effectiveness of Hartindo AF11E as a 1:1 Halon replacement were also presented in a closed chamber simulating a total flooding system and were compared against DuPont's FM200 product and with AF11E using half the amount of extinguishing agent.
Videos of the demonstrations performed at Fort Eustis will be made available on the Innovative Green Solutions web site http://www.igsfederal.com. IGS is a sales agent of Vulcan Technologies, LLC.
About Fort Eustis
The U.S. Army Transportation Center, Fort Eustis, is an 8,300-acre facility in southeastern Virginia, within the City of Newport News. Fort Eustis is the Transportation Corps Training Center, providing training in rail, marine, and amphibian operations and other modes of transportation. Fort Eustis and its satellite installation, Fort Story, are the home of the U.S. Army Transportation Center, U.S. Army Transportation School, NCO Academy, Army Aviation Logistics School, 8th Transportation Brigade and 7th Sustainment Brigade.
For more information http://www.eustis.army.mil
About Mark Henderson (Colonel, USA, retired)
Mark Henderson spent 28 years as a career Army officer and retired from active service as a Colonel. During his career, he commanded Army tactical units from platoon to Brigade size. During his military career Mark spearheaded the development of the Army's strategic deployment strategy in the 1990s and was recognized as the Army's leading expert in austere port operations. From the military, Mark transitioned to corporate America, where he was responsible for distribution operations in support of 120 stores, in seven states, for a major retailer. Mark now utilizes his vast wealth of experience and contacts to represent Innovative Green Solutions.
About David Williams
David Williams, President and CEO of Hazmat4U and Hazmat1, is respected internationally and has been involved in the environmental industry for over 25 years, dealing directly with HAZMAT materials for the last 20. He is the first point of contact for testing and assessing new products to be used within the HAZMAT community. David's dedication to a clean environment and innate HAZMAT knowledge is highly recognized by several agencies he works with including the Greater Toronto Airports Authority and Police and Fire Emergency Services, such as bomb, marine, dive and HAZMAT response.
About Vulcan Technologies, LLC
Vulcan Technologies offers the exclusive line of Hartindo Anti-Fire Products, a complete line of proprietary, environmentally friendly, non-corrosive, water based products that can be used to prevent, contain and extinguish fires. With offices in New Jersey and New York, Vulcan works to find and develop valued business relationships for the Hartindo product line.
For more information http://www.vulcantechllc.com
About Innovative Green Solutions
Innovative Green Solutions (IGS) provides leading edge products to some of today's most serious problems. Our products save lives, create American jobs, help maintain and build our nation's infrastructure and reduce costs while preserving vital natural resources. IGS is a Women Owned Small Business that understands our Nation's need to create sustainable green solutions in our construction, transportation and facilities management projects. We are proudly and uniquely positioned to truly "Preserve Tomorrow with Today's Solutions."
For more information http://www.igsfederal.com
For more information on Hartindo products and Megola Inc. please visit www.megola.com.
The matters set forth in this press release are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially. These risks are detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission including the company's Annual Report, Quarterly Reports and other periodic filings. These forward-looking statements speak only as of the date hereof. The company disclaims any intent or obligation to update these forward-looking statements.
Contact Information: Megola Inc. Daniel Gardner 1 888 558 6389 IRinfo@megola.com http://www.megola.com
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