SEDALIA, MO -- (MARKET WIRE) -- 11/11/09 -- ProEnergy Services, an integrated service provider to the global power industry, has recently added a new division to provide turbine repair services for power generation customers. The new division is housed on the corporate campus in Sedalia, Missouri.
Marcial Trujillo, a 30-year veteran of the industry, has joined ProEnergy as Vice President of Heavy Industrial Turbine Products. Prior to joining ProEnergy Services, Trujillo founded Industrial Turbine Technology, and has experience with some of the leading companies in the turbine industry.
ProEnergy is offering the new turbine repair services in response to an ever-increasing demand and requests from customers, according to company President Jeff Canon. "Although we've had numerous customers asking us to provide these services for quite some time, we've held off offering them until we were certain we could provide them in a timely, cost-effective and reliable manner," said Canon. "With our new facility completed this summer and with the new management team and turbine specialists we've put into place, we're pleased to now offer these services to our customers. This is just one more service we can offer as a single source provider," he said.
The new 50,000 square foot, state-of-the-art facility hosts the latest technology and equipment. With these new resources in place, ProEnergy will be structured to support the industrial gas turbine latest design technology as well as cover mature units.
Services which ProEnergy will provide through the Turbine Services Division include: rotor repair and balancing; component refurbishment; complete overhaul of the units; state-of-the-art welding processes, such as laser cladding, fusion and plasma arc welding and high temperature brazing; mechanical material removal processes; latest technology in non-destructive testing; and coating for high temperature conditions. Types of turbines to be served include:
-- GE, Siemens-Westinghouse and Alstom Aero-Technology Gas Turbines
("F" Technology and above)
-- Frame 5 (single and twin shaft)
-- Frame 6B
-- Frame E Series
-- W-251 Series
-- W-501 B and D Series
-- Alstom 11N, N1, N2, and 13
-- Siemens V64.3, V84 and V.94 Series
ProEnergy Services is an integrated service provider that delivers cost-effective, safe and reliable service to the global energy industry. The company has U.S. offices in Sedalia, MO; Atlanta, GA; Houston, TX; Tulsa, OK; and overseas locations in Argentina, Mexico, Venezuela, Pakistan, Panama and Ghana. More information is available on its website at www.proenergyservices.com.
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FOR ADDITIONAL INFORMATION, CONTACT: Cara Canon 660-829-5100
WALLDORF, Germany, Nov. 11 /PRNewswire-FirstCall/ -- The Wall Street Journal speculated last week that SAP CEO Leo Apotheker may have intended to offer facilitating the Oracle-Sun merger in the ongoing European Commission's review of the Oracle-Sun deal when he wrote a letter to Oracle CEO Larry Ellison in September. The letter was leaked to The Wall Street Journal.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050310/SFTH009LOGO-a)
SAP AG (NYSE: SAP) strongly rejects the misleading speculation in The Wall Street Journal opinion piece. SAP has always said that it stands for openness and choice in the market. In light of the proposed Oracle-Sun merger, we, like many others, have concerns about customer choice in the database market and the future open licensing of Java. We communicated our concerns to both Oracle and Sun at the working level as far back as the end of July 2009.
Since there was no response, our CEO Leo Apotheker took the initiative and wrote to both Oracle and Sun CEOs in the middle of September to voice our concerns again, offer a dialogue and attempt to clarify the issues. We have not heard back from Oracle, but instead found Leo Apotheker's letter leaked to the press last week. This is both telling and disappointing as it demonstrates that there is no real interest by Oracle to listen and explain how it wants to ensure the required level of customer choice in the database market as well as open access to Java.
Java is an important programming language that has brought about significant innovation within the entire IT industry - from large-scale enterprise applications to mobile devices and payment cards.
SAP has raised the same concerns with the U.S. Department of Justice and the European Commission as well as a number of other antitrust authorities throughout the world, and will continue to cooperate with these agencies in an open and transparent manner in the interests of its customers and partners. We at SAP have the highest respect for the U.S. Department of Justice and the Federal Trade Commission, the European Commission as well as for any other antitrust and regulatory agency in the countries in which we do business.
About SAP
SAP is the world's leading provider of business software(*), offering applications and services that enable companies of all sizes and in more than 25 industries to become best-run businesses. With more than 92,000 customers in over 120 countries, the company is listed on several exchanges, including the Frankfurt stock exchange and NYSE, under the symbol "SAP." For more information, visit www.sap.com.
(*) SAP defines business software as comprising enterprise resource planning, business intelligence, and related applications.
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should" and "will" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
Copyright © 2009 SAP AG. All rights reserved.
SAP, R/3, mySAP, mySAP.com, xApps, xApp, SAP NetWeaver and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries all over the world. All other product and service names mentioned are the trademarks of their respective companies. Data contained in this document serve informational purposes only. National product specifications may vary.
For customers interested in learning more about SAP products:
Global Customer Center: +49 180 534-34-24
United States Only: 1 (800) 872-1SAP (1-800-872-1727)
For more information, press only:
Christoph Liedtke, +49 6227 7-50383, christoph.liedtke@sap.com, CET
Guenter Gaugler, +49 6227 7-65416, guenter.gaugler@sap.com, CET
James Dever, +1 (610) 661-2161, james.dever@sap.com, EST
Saswato Das, +1 (212) 653 9571, saswato.das@sap.com, EST
For more information, financial community only:
Stefan Gruber, +49 6227 7-44872, investor@sap.com, CET
Martin Cohen, +1 (212) 653-9619, investor@sap.com, EST
SOURCE SAP AG
BOULDER, Colo., Nov. 11, 2009 (GLOBE NEWSWIRE) -- Advertising Material -- The Shuman Law Firm today announced that multiple law firms are investigating potential claims against the board of directors of Encore Acquisition Company ("Encore" or the "Company") (NYSE: EAC) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Denbury Resources, Inc. at a price of $50.00 per share in cash and stock ("Denbury") (NYSE: DNR).
According to one law firm, "the investigation concerns the price to be paid by Denbury to Encore shareholders and the process by which Encore's Board of Directors is addressing the transaction." Under the terms of the proposed transaction, Encore shareholders will receive $15.00 in cash and $35.00 in Denbury common stock for each Encore share owned. The law firm also states that "the proposed transaction appears to be unfair to Encore's shareholders given that the stock portion of the consideration to be paid to Encore shareholders is subject to an election feature and a price collar mechanism."
If you are interested in discussing your rights as an Encore shareholder, or have information relating to this investigation, please contact Kip B. Shuman or Rusty E. Glenn toll free at (866) 974-8626 or email Mr. Shuman at kip@shumanlawfirm.com or Mr. Glenn at rusty@shumanlawfirm.com.
The Shuman Law Firm represents investors throughout the nation, concentrating its practice in securities class actions and shareholder derivative actions.
Advertising Material
CONTACT: The Shuman Law Firm
Kip B. Shuman, Esq.
kip@shumanlawfirm.com
Rusty E. Glenn, Esq.
rusty@shumanlawfirm.com
866-974-8626
Fax: 303-484-4886
www.shumanlawfirm.com
885 Arapahoe Avenue
Boulder, CO 80203
CHATTANOOGA, TN -- (MARKET WIRE) -- 11/11/09 -- Incentium, formerly VIPGift, announced today the launch of YEARS (Yearly Employee Appreciation & Recognition Solution). YEARS is a highly configurable tool that rewards employees who are celebrating anniversaries or have achieved other milestones.
"The power of YEARS centers on the ability to uniquely address clients' needs, including comprehensive functionality, ease of administration and positive user experience. This is valued by client companies, who can offer their employees premium merchandise, gift cards and traditional service awards, including plaques and anniversary mementos," said Richard Char, CEO and President of Incentium. "This program is driven by our acclaimed back-end technology, our choice of offerings, and our excellent history of customer service, which we believe is the 'complete package' in our industry."
As with all of Incentium's technology offerings, YEARS is grounded in turn-key software, which is easily adaptable to the specific requirements of the client. It enables efficient set up with the ability to define employee eligibility, anniversary dates, organizational and departmental charts, deadlines and notifications, the size and choices of awards, redemption options and more. YEARS allows HR personnel and other staff members to analyze and retool awards for each individual on a real-time basis.
"Deepening the product offerings is a critical component of the YEARS solution," said Sara Sampson, Senior Vice President of Marketing and Business Development. "We are able to provide prepaid Visa cards and other merchant gift cards, which have proven to be extremely popular, as well as plaques and other anniversary mementos. In addition, Incentium is now the only incentive and loyalty provider directly connected to Amazon, which offers our clients the cost benefit of direct connection and the broadest array of merchandise options. Our clients will have immediate access to the latest products available on Amazon."
YEARS is the result of research conducted with many of Incentium's Fortune 500 companies and other leading firms. "We know that YEARS, along with our other products, will provide the technological 'touch points' that bring the full service recognition, incentives and loyalty solution business into the 21st century," Char noted.
For additional information regarding YEARS and other Incentium product offerings, please contact the Company's sales office at +1 877-756-7665.
About Incentium
Incentium (www.incentium.com), formerly VIPGift, is a leading provider of employee, customer, and sales channel recognition, incentive and loyalty programs to the Fortune 500 and top tier emerging businesses. Incentium has distinguished itself by providing full service solutions and technologies to help drive growth and achieve strategic corporate objectives for its customers. Clients use Incentium's products and services for customer acquisition, loyalty, and rebate programs; employee recognition, service award, productivity, and retention programs; and sales incentives and channel performance programs. Incentium's wide array of customized rewards -- including merchandise, prepaid Visa cards, and merchant cards -- have helped position the company as a market leader in the incentives industry. Incentium has recently rolled out its enhanced Points Platform Products to provide a comprehensive system of rewarding employees with top-tier incentives. The Company is backed by Summit Partners, a growth equity investor with more than $11 billion in capital, and Bridgescale Partners, a private equity and venture capital fund focusing on late-stage, technology-enabled companies. Incentium was founded as VIPGift in 2000 and is based in Chattanooga, Tennessee with offices throughout the United States.
CONTACT INFORMATION Stacy Joly Incentium Phone +1 (423) 785-2257 Email Contact
NORTH BAY, ONTARIO--(Marketwire - Nov. 11, 2009) - More than 100 Children's Aid Society workers, members of CUPE 2049, turned out this afternoon and voted today to accept a new contract reached after an all-night bargaining session that ran until 9:00am this morning, well past the midnight November 10 strike/lockout deadline.
"It was the toughest bargaining this local has ever seen. The provincial government's refusal to properly fund the Child Welfare Sector has created huge upheaval for children and families --- it is shameful," said CUPE Local 2049 President Christine Allard.
"Now that our bargaining is settled we can focus on children and working with management to pressure the provincial government to support children's protection services," Allard said.
The contract approved by union members today must still be ratified by the employer.
Local union President and union negotiator Christine Allard said she was pleased because the new contract allows workers to do "more people-work and less paper-work." Allard also said "kids are the priority and key to this settlement were improvements to make sure workloads are manageable and allow us to provide a higher quality of service to at-risk children."
The CUPE Local spokesperson reported changes to contract language that protect worker's health and safety through better training.
The agreement provides modest wage increases of 2% in the first year, 2% in the second year and 2.5% in the final year of a three year contract expiring March 31, 2012.
Contract bargaining between CUPE and the Nipissing and Parry Sound Children's Aid Society began in May and was assisted by a Ministry of Labour appointed Conciliation Officer.
CUPE Local 2049 represents 125 front line workers, closed custody facility workers and support staff at Nipissing and Parry Sound Children's Aid Society with offices in North Bay, Parry Sound and Burks Falls.
FOR FURTHER INFORMATION PLEASE CONTACT:
Christine Allard
President
CUPE 2049
705-358-5887 (cell)
Chris Watson
CUPE Communications
416-553-9410
Source: Canadian Union of Public Employees (CUPE)
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