Funds to benefit NADA Foundation program in support of the Wounded Veterans Initiative of Canine Companions
LAS VEGAS, Feb. 10, 2012 /PRNewswire-USNewswire/ --Â Massachusetts new-car dealer Barry Lundgren took home a 2010 Harley-Davidson Softail Deluxe FLSTN thanks to his winning bid of $18,750 during a live auction at the NADA Convention and Expo in Las Vegas last Sunday. The motorcycle was donated by ADESA, which runs auctions throughout North America.
(Logo: http://photos.prnewswire.com/prnh/20120104/DC30041LOGO )
Lundgren, 46, who has been riding motorcycles since he was 4, also owns a 1994 Harley-Davidson Softail Nostalgia.
"My passion has been collecting classic cars, but I have just begun collecting vintage motorcycles with a purchase of a 1969 BMW R69S," said Lundgren, who along with his brother Patrick, has owned and operated Lundgren Honda of Auburn and Lundgren Honda of Greenfield in Massachusetts since 1987. Their father started the business in 1964.
"Actually, I was not in the market for another Harley, but was moved by [injured military veteran] Bren Denney's story and the impact his dog, Stefano, has had on his life," added Lundgren, who was in Las Vegas for the NADA convention from Feb. 3-6.
The money raised from the auction was given to the NADA Foundation, which immediately donated the funds to the Wounded Veterans Initiative of Canine Companions for Independence (CCI). The money will go toward the training of two service dogs.
Denney, a U.S. Navy veteran injured in April 2008, received his service dog more than two years ago. Denney and Bob Bunger, CCI's national director of development services, were on hand at the NADA convention to receive the funds from the ADESA auction and an additional $10,000 donation from the NADA Foundation.
"We want to thank everyone at the NADA convention for such an amazing turnout and for supporting ADESA's charity motorcycle auction," said Tim Zierden, senior vice president of dealer services for ADESA and OPENLANE. "I'm thrilled by the success of this event and how it will benefit the NADA Foundation and Canine Companions for Independence."
"ADESA deserves credit for coming up with a creative way to raise money for a worthy cause," said Bob Mallon, chairman of the NADA Foundation.
The auction was held prior to the kickoff of Super Bowl XLVI in the ADESA booth on the Expo floor at the NADA convention.
As a lifelong New England Patriots fan, Lundgren said he had extra motivation to make the winning bid.
"I'm from the Boston area. The fact that the guy bidding against me was wearing a New York Giants jersey also contributed to my arm going up each time," Lundgren said. "At least we won something last Sunday."
The Giants beat the Patriots 21-17 in the Super Bowl.
Since 2002, the NADA Foundation's Frank E. McCarthy Memorial Fund has contributed $170,000 to Canine Companions, placing 17 companion dogs with physically disabled children and military veterans. McCarthy served as NADA president for more than 30 years.
"It is important for businesses to support their communities and the causes most dear to them," Lundgren said. "It is only right to give back."
About ADESAADESA offers a full range of auction, reconditioning, logistical and other vehicle-related services to meet the remarketing needs of both its institutional and dealer customers. With 70 auction locations in the United States, Canada and Mexico, strategically located near metropolitan areas with a large concentration of used vehicle dealers, the company is well positioned to host physical and Internet auctions. ADESA LiveBlock simulcasts vehicles worldwide. ADESA DealerBlock offers two ways to buy: bid-now sales events or buy-now pricing 24/7. Through its related subsidiaries of AutoVIN® and PAR North America, it is also able to provide additional services including inspections, inventory audits and remarketing outsourcing solutions including a network of repossession agents, titling and auction sale representation. Visit ADESA.com for details.Â
About the National Automobile Dealers Charitable Foundation The NADA Foundation, the philanthropic arm of NADA established in 1975, is a non-profit organization that supports a wide variety of charities and causes, including the Wounded Veterans Initiative of Canine Companions for Independence and natural disaster relief for dealership employees. The NADA Foundation also provides grants to colleges and universities, including scholarships to the families of 9/11 victims. The NADA StoryThe NADA story began in 1917 when 30 auto dealers traveled to the nation's capital to convince Congress not to impose a luxury tax on the automobile. They successfully argued that the automobile is a necessity of American life, not a luxury. From that experience was born the National Automobile Dealers Association. Today, NADA represents nearly 16,000 new-car and -truck dealerships with 32,500 franchises, both domestic and international. For more information, visit www.nada.org.
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SOURCE National Automobile Dealers Association
SOUTHFIELD, Mich., Feb. 10, 2012 (GLOBE NEWSWIRE) -- High profile plaintiff attorney Ven Johnson, of Johnson Law, PLC, Southfield MI, announced that he and California co-counsel Hunter Pyle obtained a $4.68 million jury verdict on behalf of 53-year-old Mr. Hector Zuniga, a trucking negligence victim, in Alameda Circuit Court, in Oakland, CA.
Mr. Zuniga was severely injured on November 17, 2008 when truck driver Carroll Fulmer of Logistics Corporation from Groveland, Florida quickly changed lanes and rear-ended Zuniga's 1990 Honda automobile. An accident reconstruction expert testified at trial that the truck was speeding, negligently caused the crash, and crushed Zuniga's car by lifting it off the ground and pushing it down the expressway. Mr. Zuniga sought immediate medical attention for his injuries which ultimately led to spinal surgery requiring the insertion of three artificial implants into his neck.Â
Mr. Zuniga, a 33-year auto body paint expert, was incapable of returning to work at his $50,000 per year job. The jury found that the trucking company was responsible for all of Mr. Zuniga's injuries and awarded him nearly $1.5 million for lost wages and medical expenses. The Alameda County jury also awarded Mr. Zuniga over $1.5 million for conscious pain and suffering which, according to the treating physicians who testified at trial, was "constant throughout each and every day" and would remain that way for the rest of his life.Â
Johnson said:
Co-Counsel Hunter Pyle (Oakland CA) and I were highly gratified by this substantial jury verdict which sent a message to the trucking industry and Zurich Insurance Company that truckers who speed and drive carelessly on our expressways WILL be held fully responsible for all of the injuries they cause to innocent traffic victims like Hector Zuniga. In this case, despite overwhelming evidence and testimony by Mr. Zuniga's treating physicians, Zurich hired an "insurance doctor" who tried to convince the jury that this horrific accident had nothing to do with Mr. Zuniga's surgery and permanent disability.
Mr. Pyle echoed Johnson's comments: "The jury system worked again when the jury told Zurich that you can't get away with voodoo medicine and buy doctors in an attempt to avoid being held responsible for the accidents that truckers negligently cause."
Johnson Law, PLC is a proven Michigan based personal injury law firm that champions the cause of clients who have been seriously injured, seeking justice for all of its clients. Attorney Ven Johnson has fought to win in excess of $100 million dollars in jury verdicts for his clients over the past 16 years and has settled cases totaling well over $200 million dollars.Michigan based personal injury law firm that champions the cause of clients who have been seriously injured, seeking justice for all of its clients. Attorney Ven Johnson has fought to win in excess of $100 million dollars in jury verdicts for his clients over the past 16 years and has settled cases totaling well over $200 million dollars.
CONTACT: Erica Guajardo Johnson
EJohnson@VenJohnsonLaw.com
Source: Johnson Law, PLC
PHILADELPHIA, Feb. 10, 2012 (GLOBE NEWSWIRE) -- The region's leading health insurer, Independence Blue Cross (IBC), today announced it is partnering with the nation's leading independent health care advocacy company, Health AdvocateTM, to offer a new and innovative health advocacy service in addition to the medical benefits and other resources IBC currently offers its members to help deal with complex health-related situations. IBC will initially pilot the advocacy services with its 4,500 associates as it jointly develops other health advocacy initiatives with Health Advocate.
Health advocacy is a valuable service that can help individuals and families pursue better health outcomes, lower medical costs, relieve stress, and improve well-being. For example, a person who wants help to find the most qualified specialist when facing a serious illness may telephone a health advocate, typically a registered nurse who is backed by physicians and other experts. Health advocates help callers navigate the often-complex health care system by coordinating care and offering a wide-range of support, such as explaining terminology and benefits, scheduling appointments, and clarifying billing statements. Members' questions are answered by health advocates confidentially and the service is covered by the same government privacy standards that protect all patient health information.
"We recognize that it can sometimes be challenging or confusing to navigate the health care system, even for those who work in the health care industry," said Daniel J. Hilferty, IBC president and CEO. "We want to help our members have the best possible experience and that means finding new ways to make it easier for them to manage their care. I'm very excited about our new partnership with Health Advocate and the pilot with our associates as we explore expanding the expert, efficient, and compassionate resources we already offer members and their families."
Hilferty continued, "What's more, our nation is in the midst of redefining health care delivery and whether you are an employer who is anxious to get at the underlying cost issues and encourage your employees to take steps to stay well – which is among the biggest issues plaguing employers – or you are one of the millions of individual consumers who are purchasing health care for the first time, health advocacy services will add value while saving time and reducing stress."
IBC will initially roll-out the new health advocacy service to its 4,500 associates and their eligible family members so that they can ask questions about their own medical benefits or health-related decisions. IBC is also exploring offering health advocacy to other customers.
"Building partnerships and alliances with forward thinking companies like IBC is one of our top priorities," said Michael J. Cardillo, Health Advocate president, CEO, and cofounder. "We're excited that as our first venture with IBC we are providing personalized health advocacy support to IBC associates and their families when they feel the need for an extra helping hand. We believe that those associates who turn to us will not only find the help they need but also a sense of well-being."
Health Advocate
Health Advocateâ„¢, Inc., the nation's leading independent health care advocacy and assistance company, serves 25+ million Americans through more than 8,200 client relationships, including many of the nation's largest companies, helping members personally navigate health care and insurance-related issues, saving time and money. Our Core Health Advocacy service is centered around our Personal Health Advocates, who assist members with a range of clinical, administrative and insurance-related issues. Our spectrum of add-on, complementary employee- and employer-based solutions include our Wellness Advocateâ„¢, Benefits Gateway and Health Information Dashboardâ„¢, EAP+Work/Lifeâ„¢, Personalized Health Messagingâ„¢ and decision support programs. The solutions are designed to lower health care costs, increase productivity and improve outcomes.
Founded in 2001 and headquartered in suburban Philadelphia, Health Advocate has received a range of awards including, 2011 Workforce Management Magazine Optimas Award as the Worldwide Leader in Service, 2011 InfoWeek Top Tech Innovations, named for the fifth consecutive year, as one of America's fastest growing private companies by Inc. 500, named one of the fastest growing companies in North America on Deloitte's 2010 and 2011 Technology Fast 500â„¢, 2011 Enterprise Awards' Life Sciences Company of the Year in the Greater Philadelphia Region, 2011 Entrepreneur of the Year in the Greater Philadelphia Region by Ernst & Young and is rated one of the Top 20 Best Places to Work by Philadelphia magazine. Health Advocate is not affiliated with any insurance or third party provider. Health Advocate does not replace health insurance coverage, provide medical care or recommend treatment. For more information, visit www.HealthAdvocate.com.
About Independence Blue Cross
Independence Blue Cross is a leading health insurer in southeastern Pennsylvania. Nationwide, Independence Blue Cross and its affiliates provide coverage to nearly 3.1 million people. For 74 years, Independence Blue Cross has offered high-quality health care coverage tailored to meet the changing needs of members, employers, and health care professionals. Independence Blue Cross's HMO and PPO health care plans have consistently received the highest ratings from the National Committee for Quality Assurance. Independence Blue Cross is an independent licensee of the Blue Cross and Blue Shield Association. Visit us at ibx.com. Fan us on Facebook. Follow us on Twitter@ibx.
Contact: Â Â Â Judimarie Thomas 215-241-2227 Judimarie.Thomas@ibx.com
This information was brought to you by Cision http://www.cisionwire.com http://www.cisionwire.com/independence-blue-cross/r/independence-blue-cross-and-health-advocate-tm--partner-to-help-consumers-navigate-the-health-care-s,c9219255
Source: Independence Blue CrossTORONTO/NEW YORK, Feb. 10, 2012 /PRNewswire/ - Micromem Technologies Inc. [the "Company"] [OTC BB: MMTIF, CNSX: MRM], through its wholly owned subsidiary Micromem Applied Sensor Technologies Inc. ("MAST"), releases Speed Control Circuit Stage one test results.
To view Motor Sensor Board (DFN) Test Results, please click http://files.newswire.ca/651/MicromemFeb10.pdf
On February 6, 2012 we announced our successful shipping of a MAST product for final performance testing to GSI Westwind, the results of the stage one tests are in the chart above. This performance indicates that all mechanical and electrical requirements were met on 100% of the boards.
The Company would like to take this opportunity to describe the process taken to end up with a solution our clients can attribute business value to. It cannot be overemphasized that Micromem products are unique to our clients predicated upon an exchange of technical and business challenges unique to them.
The Company is a solution provider who benefits from a patent portfolio of sensing technology. While the Company is enjoying the benefits of its magnetic sensors based upon size, speed, sensitivity, ease of manufacturing and low cost of production, Micromem has amalgamated a skills base which includes nanofabrication, MEMS, photonics, electro-magnetics, bio and chemical sensor integration, signal processing, simulation, and electronics design, packaging and industrial sustainability.
It is with this technology base that the Company is presently delivering proposals, or proof of concepts to diverse industry segments such as oil production, medical, automotive, automated electronics manufacturing and high voltage transmission and distribution. See the process on all client engagements outlined in the 'MAST Client Engagement Process' captioned chart attached.
The Pre-study phase sets the tone for the engagement. It involves a complete understanding of the operational and business issues that the client is facing. In the case of our recent market release of the Motor Speed Control Circuit, it was at this point in the client engagement that we understood the limited space we had to fit the electronics, the operational challenges of working with the current solution being used and generally the technical challenges of integrating the proposed solution into the client's high speed precision product line.
Based upon a complete understanding of the client's requirements the Company designed a solution that formed a demonstrator for the client. Micromem utilized computerized circuit simulation software that demonstrated how the proposed product would not only fit in the very limited space but how it would operate over the entire speed range of the client's product.
Once the simulation results were shared by the client and signed off the Company proceeded with the manufacturing of some prototypes of the circuit board. Micromem utilized its ISO certified manufacturing partner in China who was chosen based on their ability to generate rapid prototype products with extremely high quality control standards. This process is iterative in nature and must be managed over several time zones. See 'Rapid Prototype Circuit Board Manufacturing' photo attached.
As is the typical case minor changes to the circuit had to be made based on actual testing prior to shipping to the client. The goal at this stage is to provide a stable prototype that can be sent to the client who can perform some initial testing to advise if the design was tracking their requirements. At this stage we also designed and manufactured a Mu-metal shield that functions as a shield to the electronics when installed in the inner workings of a high speed circuit. See 'Circuit Boards validated through Stage One Testing' and 'MAST designed Mu-Metal Electronic Shielding' photos attached.
Prototypes were sent to the client for testing, in this case both for mechanical fit and electronic operation. During the back and forth with the client, issues were expected and resolved.
With the client feedback integrated into the design the product is sent back to the manufacturing partner in China and produced again. At this point MAST begins extensive electronic testing. The boards were run through several levels of testing and data evaluation. As is shown in the following performance display, on a three phase motor, it is critical for very accurate motor speed control to position each of three magnetic sensors in precise relationship to each other. The Company's ability to position its very small magnetic sensors close to the magnetic portion of the motor, allows us to output from our board extremely accurate rotational positioning data. See 'Client Directed Speed Testing' photo attached.
Discussions on the speed control circuit began November 2010 and work began in February of 2011 and has been a progressive set of milestones demonstrating Micromem's ability to create a solution utilizing its patented sensor technology. The Company's final deliverable to the client solved their space issue, their speed of response issue and it is anticipated it will reduce the man-hours to assemble and setup their final product
GSI Westwind will be releasing to Micromem the results of the final series of evaluation tests utilizing other parameters shortly. This will close the development contract where Micromem will receive the 3rd and final payment for the development agreement and take us to the commercial sales portion of this new product.
About Micromem, MASTInc
MASTInc is a wholly owned U.S.-based subsidiary of Micromem Technologies Inc., a publicly traded (OTC BB: MMTIF, CNSX: MRM) company. MASTInc responsibly analyzes the specific industry sectors to create intelligent game-changing applications that address unmet market needs. By leveraging its expertise and experience with sophisticated magnetic sensor applications, MASTInc successfully powers the development and implementation of innovative solutions for healthcare/biomedical, natural resource exploration, government, information technology, manufacturing, and other industries. Visit www.micromeminc.com www.mastinc.com.
Safe Harbor Statement
This press release contains forward-looking statements. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the Company's actual results to differ materially from those projected in such forward-looking statements. In particular, factors that could cause actual results to differ materially from those in forward looking statements include: our inability to obtain additional financing on acceptable terms; risk that our products and services will not gain widespread market acceptance; continued consumer adoption of digital technology; inability to compete with others who provide comparable products; the failure of our technology; the infringement of our technology with proprietary rights of third parties; inability to respond to consumer and technological demands; inability to replace significant customers; seasonal nature of our business; and other risks detailed in our filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date made and are not guarantees of future performance. We undertake no obligation to publicly update or revise any forward-looking statements. When used in this document, the words "believe," "expect," "anticipate," "estimate," "project," "plan," "should," "intend," "may," "will," "would," "potential," and similar expressions may be used to identify forward-looking statements.
The CNSX or any other securities regulatory authority has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release that has been prepared by management.
Listing: NASD OTC-Bulletin Board - Symbol: MMTIF CNSX - Symbol: MRM
Shares issued: 118,231,407 SEC File No: 0-26005
SOURCE Micromem Technologies Inc.
Image with caption: "MAST Client Engagement Process (CNW Group/Micromem Technologies Inc.)". Image available at: http://photos.newswire.ca/images/download/20120210_C3296_PHOTO_EN_10004.jpg
Image with caption: "Rapid Prototype Circuit Board Manufacturing (CNW Group/Micromem Technologies Inc.)". Image available at: http://photos.newswire.ca/images/download/20120210_C3296_PHOTO_EN_10003.jpg
Image with caption: "Circuit Boards validated through Stage One Testing (CNW Group/Micromem Technologies Inc.)". Image available at: http://photos.newswire.ca/images/download/20120210_C3296_PHOTO_EN_10000.jpg
Image with caption: "MAST designed Mu-metal Electronic Shielding (CNW Group/Micromem Technologies Inc.)". Image available at: http://photos.newswire.ca/images/download/20120210_C3296_PHOTO_EN_10001.jpg
Image with caption: "Client Directed Speed Testing (CNW Group/Micromem Technologies Inc.)". Image available at: http://photos.newswire.ca/images/download/20120210_C3296_PHOTO_EN_10002.jpg
PDF with caption: "Motor Sensor Board (DFN) Test Results". PDF available at: http://stream1.newswire.ca/media/2012/02/10/20120210_C3296_DOC_EN_10005.pdf
WASHINGTON--(BUSINESS WIRE)-- Pepco Holdings, Inc. (NYSE: POM) has scheduled an earnings conference call for February 24, 2012, at 11 a.m. EST. Fourth-quarter 2011 earnings will be released before the market opens on Friday, February 24, 2012.
Investors, members of the media, and other interested persons may access the conference call on the Internet at http://www.pepcoholdings.com/investors or by calling 1-866-713-8395 before 10:55 a.m. The pass code for the call is 28200193. International callers may access the call by dialing 1-617-597-5309, using the same pass code, 28200193. An on-demand replay will be available for seven days following the call. To hear the replay, dial 1-888-286-8010 and enter pass code 39586558. International callers may access the replay by dialing 1-617-801-6888 and entering the same pass code, 39586558. An audio archive will be available at PHI's website.
Note: If any non-GAAP financial information (as defined by the Securities and Exchange Commission in Regulation G) is used during the earnings conference call, a presentation of the most directly comparable GAAP measure and a reconciliation of the differences will be available at http://www.pepcoholdings.com/investors.
About PHI: Pepco Holdings, Inc. (NYSE: POM) is one of the largest energy delivery companies in the Mid-Atlantic region, serving about 1.9 million customers in Delaware, the District of Columbia, Maryland and New Jersey. PHI subsidiaries Pepco, Delmarva Power and Atlantic City Electric provide regulated electricity service; Delmarva Power also provides natural gas service. PHI also provides energy efficiency and renewable energy services through Pepco Energy Services.
Pepco Holdings, Inc.Media Contact:Bob Hainey, 202-872-2680rshainey@pepcoholdings.comorInvestor Contact:Donna Kinzel, 302-429-3004donna.kinzel@pepcoholdings.com
Source: Pepco Holdings, Inc.
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