Press Releases

LONDON, Nov. 11 /PRNewswire-FirstCall/ -- GuestMetrics, Inc. (Pink Sheets: GESM) is pleased to announce that David Lovatt has acquired controlling interest of the company and has been appointed as its new Chief Executive Officer and President, and in the process has accepted the resignation of the current management team.

Having held positions with some of Europe's leading technology companies over the past ten years. David's strategic positions over the past decade have taken him all over the globe, from the Far East, through Europe and to the USA. David specializes in helping Service Providers to realize the strategic value of their customer base in leveraging the power of Email management to gain significant increase in revenues and customer retention levels. With a degree in Political Studies from a UK University, qualifications in Project Management and with over ten years working in the technology sector on high-ticket global projects, David Lovatt has a strategic vision for how technology companies should operate and has a clear understanding as to how to build Profitable, Accountable and Reliable Technology Companies.

"I am very excited to use my decade of experience to help GuestMetrics expand its opportunities on a more global scale. We are thrilled at the accomplishments we have already fulfilled and have plenty to achieve. We look forward to future acquisitions that will help with the growth of the Company," stated David Lovatt, President and CEO of, GuestMetrics, Inc.

About GuestMetrics, Inc.:

GuestMetrics is the leading provider of Customer Insight Solutions for the hospitality industry and its suppliers/distributors. The GuestMetrics software is fully integrated with the leading point-of-sale (POS) systems and allows hospitality providers at every level of the market to improve business operations.

For the first time in the marketplace, GuestMetrics, through its data mining process, provides beverage alcohol and food suppliers with actionable insight into consumer behavior at the guest check-level. From world-class beverage alcohol suppliers to fine dining establishments and regional/national restaurant chains, clients depend on GuestMetrics tools to build stronger brands and drive revenue growth.

For more information, please visit www.guestmetrics.com.

Safe Harbor Statement:

The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, and various other factors beyond the Company's control.

SOURCE GuestMetrics, Inc.

TORONTO, ONTARIO--(Marketwire - Nov. 11, 2009) - Coretec Inc. (TSX: CYY) today reported its financial results for the third quarter ended September 30, 2009. Sales in the 2009 third quarter were $16.3 million, a decrease of $1.6 million sequentially or 9.4% as compared to sales of $ 17.9 million in Q2 2009, and down $4.0 million or 19.9% from sales of $20.3 million in the same period of the prior year.

In the 2009 third quarter, the Company recorded gross profit of $1.3 million or 7.9% of sales, an increase of $0.1 million sequentially or 8.2% as compared to gross profit of $1.2 million in Q2 2009, and down $1.2 million or 47.3% from gross profit of $2.4 in the comparable period in 2008.

A loss of $2.0 million or $0.11 per share was recorded in the 2009 third quarter, an improvement of $0.4 million sequentially as compared to a loss of $2.4 million or $0.13 per share in Q2 2009, and down $1.5 million as compared to the prior year quarter which had a loss of $0.5 million or $0.03 per share. The 2009 third quarter included $0.2 million of foreign exchange losses and $0.6 million of termination and severance costs. This compares with a loss on foreign exchange of $0.5 million in Q2 2009 and $0.3 million of termination and severance costs. In the prior year period the Company recorded a gain of $0.1 million on foreign exchange and no expenses as related to termination and severance.

Earnings before interest, taxes, depreciation and amortization (EBITDA) in the third quarter of 2009 was negative $0.6 million, as compared to negative EBITDA of $1.0 million in Q2 2009. The prior year period EBITDA was $0.7 million.

Paul Langston, President and CEO of Coretec Inc. said, "The Company has been hurt by a severe slowdown in the PCB industry during 2008 and throughout 2009. According to IPC (the North American PCB industry association), industry shipments and bookings in 2009 through to the end of September were off 27% and 25% respectively versus the same period in 2008. We've also been challenged throughout 2009 by the costs and disruptions associated with the consolidation of our Ellesmere and Sheppard facilities.

Mr. Langston continued, "Over the past 30 months we have shut down approximately 70,000 sq. ft. of manufacturing space across two facilities and constructed a state-of-the-art, 100,000 sq.ft. green-field facility at our Sheppard site in Toronto. In the first 8 months of 2009 we relocated the majority of our equipment platform as well as over 200 staff members. Today 95% of our manufacturing personnel in Toronto are located at our Sheppard site. We anticipate that the final wave of equipment and personnel will be consolidated into our Sheppard facility in the first half of 2010. As a result of our efforts we started to realize in mid Q3 the planned labour and overhead synergies associated with operating primarily under one roof in Toronto. During the quarter we were able to undertake a meaningful labour restructuring which has already manifested itself in improved productivity and cost. Furthermore, the savings associated with the decommissioning of the older Ellesmere equipment platform and reduction of leased premises are proving to be meaningful."

Mr. Langston said, "All of our stakeholders have been very supportive during our massive facility consolidation process in Toronto. The partnership and commitment shown to us by our customers has been inspiring and our supplier relationships continue to facilitate continuous improvements in yields and technology at our Sheppard location in particular. Furthermore, the excellent relations that we continue to enjoy with our financial partners makes us realize that we have aligned ourselves with the best possible lenders.

"We believe that our Sheppard facility is coming on stream at an opportune time. The industry metrics are signaling a recovery and we are hearing across our account base that demand visibility is improving. Specifically, the IPC book-to-bill ratio has now been solidly above parity for five consecutive months and the most recent IPC data for North America suggests that business activity industry-wide is on the upswing. Additionally, there appears to be a meaningful amount of business in play at the moment due to the significant number of consolidations and closures that have occurred in the industry. We have experienced a surge in facility visits by customers and have been the recipients of new target customer approvals across all sites," said Mr. Langston.

"Our US operations in Denver and Cleveland as well as our Coretec-Asia business have seen stronger-than-market demand throughout 2009 as a result of excellent operational execution dynamics. These business units have experienced significant new customer activity and are poised for growth in the coming quarters. Combined with the fact that the Toronto operations are no longer in transition we believe that our financial and operational performance metrics will show ongoing improvement over the balance of 2009 and into 2010," indicated Mr. Langston.

"On November 9, 2009 we announced that we've received proposals from third parties with respect to a possible sale of the Company. Although the Board of Directors had not made a decision to market the Company for sale, a special committee has had to be formed to review the various overtures. To date we have been both surprised and flattered by the level of interest expressed from several worthy merger/acquisition partners. Our focus and desire is to consummate a transaction prior to the end of the year," said Mr. Langston.

Coretec is one of the leading designers and fabricators of printed circuit boards for the prototype and quick turnaround production segments of the North American and European markets. Coretec distinguishes itself from its competitors by providing an extensive suite of printed circuit board services including field applications engineering support and education; technology roadmap consulting, CAD layout; rapid response manufacturing for prototypes; quick turn production for small-to-middle volume quantity requirements; and facilitation of higher volume requirements via partnerships in lower cost jurisdictions. The Company is also differentiated by its broad range of PCB technologies.

This news release contains "forward-looking statements" within the meaning of the United States Securities Litigation Reform Act of 1995, and applicable Canadian Securities Legislation. Forward-looking statements include, but are not limited to, statements with respect to financial performance, opportunities, new market for growth and financial position. Generally these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecast", "intends", "anticipates", or "does not anticipate", or "believes" or variations of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur", or "be achieved". Please be cautioned that any such forward-looking statements are not guarantees of future performance and involve significant risks and uncertainties. Actual results or developments may vary materially from those projected or implied in the forward-looking statements as a result of any number of factors, including currency exchange rate fluctuations; variability of operating results; dependence on certain industries; management of growth and expansion; integration of operations; ability to attract and retain key personnel; nature of sales; product complexity and product defects; international operations; material cost fluctuations and limited availability of raw materials; potential loss of customers; competition; industry contraction and slow economic growth; technological change and process development; environmental liability; need for additional financing; product liability; pricing pressure; ability to reduce costs; and other risks discussed in the section entitled "Risk Factors" in Coretec's Annual Information Form dated March 27, 2009 which can be obtained at www.sedar.com.

FOR FURTHER INFORMATION PLEASE CONTACT:
        Coretec Inc.
        Paul C. Langston
        President & Chief Executive Officer
        416-208-2160
        langston@coretec-inc.com

        Coretec Inc.
        Aaron Ames
        Chief Financial Officer
        416-208-2165
        aames@coretec-inc.com

Source: Coretec Inc.

TORONTO, ONTARIO -- (MARKET WIRE) -- 11/11/09 -- Coretec Inc. (TSX: CYY) today reported its financial results for the third quarter ended September 30, 2009. Sales in the 2009 third quarter were $16.3 million, a decrease of $1.6 million sequentially or 9.4% as compared to sales of $ 17.9 million in Q2 2009, and down $4.0 million or 19.9% from sales of $20.3 million in the same period of the prior year.

In the 2009 third quarter, the Company recorded gross profit of $1.3 million or 7.9% of sales, an increase of $0.1 million sequentially or 8.2% as compared to gross profit of $1.2 million in Q2 2009, and down $1.2 million or 47.3% from gross profit of $2.4 in the comparable period in 2008.

A loss of $2.0 million or $0.11 per share was recorded in the 2009 third quarter, an improvement of $0.4 million sequentially as compared to a loss of $2.4 million or $0.13 per share in Q2 2009, and down $1.5 million as compared to the prior year quarter which had a loss of $0.5 million or $0.03 per share. The 2009 third quarter included $0.2 million of foreign exchange losses and $0.6 million of termination and severance costs. This compares with a loss on foreign exchange of $0.5 million in Q2 2009 and $0.3 million of termination and severance costs. In the prior year period the Company recorded a gain of $0.1 million on foreign exchange and no expenses as related to termination and severance.

Earnings before interest, taxes, depreciation and amortization (EBITDA) in the third quarter of 2009 was negative $0.6 million, as compared to negative EBITDA of $1.0 million in Q2 2009. The prior year period EBITDA was $0.7 million.

Paul Langston, President and CEO of Coretec Inc. said, "The Company has been hurt by a severe slowdown in the PCB industry during 2008 and throughout 2009. According to IPC (the North American PCB industry association), industry shipments and bookings in 2009 through to the end of September were off 27% and 25% respectively versus the same period in 2008. We've also been challenged throughout 2009 by the costs and disruptions associated with the consolidation of our Ellesmere and Sheppard facilities.

Mr. Langston continued, "Over the past 30 months we have shut down approximately 70,000 sq. ft. of manufacturing space across two facilities and constructed a state-of-the-art, 100,000 sq.ft. green-field facility at our Sheppard site in Toronto. In the first 8 months of 2009 we relocated the majority of our equipment platform as well as over 200 staff members. Today 95% of our manufacturing personnel in Toronto are located at our Sheppard site. We anticipate that the final wave of equipment and personnel will be consolidated into our Sheppard facility in the first half of 2010. As a result of our efforts we started to realize in mid Q3 the planned labour and overhead synergies associated with operating primarily under one roof in Toronto. During the quarter we were able to undertake a meaningful labour restructuring which has already manifested itself in improved productivity and cost. Furthermore, the savings associated with the decommissioning of the older Ellesmere equipment platform and reduction of leased premises are proving to be meaningful."

Mr. Langston said, "All of our stakeholders have been very supportive during our massive facility consolidation process in Toronto. The partnership and commitment shown to us by our customers has been inspiring and our supplier relationships continue to facilitate continuous improvements in yields and technology at our Sheppard location in particular. Furthermore, the excellent relations that we continue to enjoy with our financial partners makes us realize that we have aligned ourselves with the best possible lenders.

"We believe that our Sheppard facility is coming on stream at an opportune time. The industry metrics are signaling a recovery and we are hearing across our account base that demand visibility is improving. Specifically, the IPC book-to-bill ratio has now been solidly above parity for five consecutive months and the most recent IPC data for North America suggests that business activity industry-wide is on the upswing. Additionally, there appears to be a meaningful amount of business in play at the moment due to the significant number of consolidations and closures that have occurred in the industry. We have experienced a surge in facility visits by customers and have been the recipients of new target customer approvals across all sites," said Mr. Langston.

"Our US operations in Denver and Cleveland as well as our Coretec-Asia business have seen stronger-than-market demand throughout 2009 as a result of excellent operational execution dynamics. These business units have experienced significant new customer activity and are poised for growth in the coming quarters. Combined with the fact that the Toronto operations are no longer in transition we believe that our financial and operational performance metrics will show ongoing improvement over the balance of 2009 and into 2010," indicated Mr. Langston.

"On November 9, 2009 we announced that we've received proposals from third parties with respect to a possible sale of the Company. Although the Board of Directors had not made a decision to market the Company for sale, a special committee has had to be formed to review the various overtures. To date we have been both surprised and flattered by the level of interest expressed from several worthy merger/acquisition partners. Our focus and desire is to consummate a transaction prior to the end of the year," said Mr. Langston.

Coretec is one of the leading designers and fabricators of printed circuit boards for the prototype and quick turnaround production segments of the North American and European markets. Coretec distinguishes itself from its competitors by providing an extensive suite of printed circuit board services including field applications engineering support and education; technology roadmap consulting, CAD layout; rapid response manufacturing for prototypes; quick turn production for small-to-middle volume quantity requirements; and facilitation of higher volume requirements via partnerships in lower cost jurisdictions. The Company is also differentiated by its broad range of PCB technologies.

This news release contains "forward-looking statements" within the meaning of the United States Securities Litigation Reform Act of 1995, and applicable Canadian Securities Legislation. Forward-looking statements include, but are not limited to, statements with respect to financial performance, opportunities, new market for growth and financial position. Generally these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecast", "intends", "anticipates", or "does not anticipate", or "believes" or variations of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur", or "be achieved". Please be cautioned that any such forward-looking statements are not guarantees of future performance and involve significant risks and uncertainties. Actual results or developments may vary materially from those projected or implied in the forward-looking statements as a result of any number of factors, including currency exchange rate fluctuations; variability of operating results; dependence on certain industries; management of growth and expansion; integration of operations; ability to attract and retain key personnel; nature of sales; product complexity and product defects; international operations; material cost fluctuations and limited availability of raw materials; potential loss of customers; competition; industry contraction and slow economic growth; technological change and process development; environmental liability; need for additional financing; product liability; pricing pressure; ability to reduce costs; and other risks discussed in the section entitled "Risk Factors" in Coretec's Annual Information Form dated March 27, 2009 which can be obtained at www.sedar.com.

Contacts:
Coretec Inc.
Paul C. Langston
President & Chief Executive Officer
416-208-2160
langston@coretec-inc.com

Coretec Inc.
Aaron Ames
Chief Financial Officer
416-208-2165
aames@coretec-inc.com

Forward thinking Mayor A.C. Wharton, sees Benefit in New Safe 'til Stable Program

MEMPHIS, Tenn., Nov. 11 /PRNewswire-USNewswire/ -- Memphis Mayor, A.C. Wharton stands up for the outstanding Memphis-based National Bipolar Foundation; a press conference is to be hosted by University of Tennessee Health & Science Center on November 17th at 2pm at the Student Center at 800 Madison in Room 305. The National Bipolar Foundation has been in the national spotlight during the past few weeks for its initiative in cooperation with the MedicAlert Foundation. A major breakthrough to benefit people living with Bipolar disorder has been developed for the first time ever. The cooperative venture has produced a preventative care program called "Safe 'til Stable." It provides vital medical information to emergency responders in time of need through our live 24-hour emergency response service. In a medical emergency, this can help reduce the trauma experienced by individuals impacted with bipolar disorder. If an individual experiences an event, first responders on the scene (e.g., law enforcement, emergency services personnel, etc.) will look for a medical ID with the "MEDIC ALERT" symbol. The "Safe 'til Stable" program is a milestone; in that, those with bipolar disorder will have a voice in times when they cannot speak for themselves, will be properly routed in times of emergency providing a sense of security for the individual and those close to them.

The National Bipolar Foundation (NBPF) was founded in 2007 by Marc Kullman in order to reduce stigma, educate, and seek affordable healthcare for those people living with bipolar disorder. A National Awareness Initiative has been launched to spread awareness through press releases, press conferences, proclamations, influential people, and its online campaign through social media networking. The MedicAlert Foundation, founded in 1956, is the leader in providing identification and emergency medical information. Together both foundations have developed a program that will prevent the misdirection, misdiagnosis, and mistreatments of participants; saving precious time and dollars.

Mayor Wharton is credited with the creation of the Jericho Project, whose mission is to help those living with mental illness out of the criminal justice system and on the road to recovery. The Mayor's forward thinking program addresses mental illness and seeks to route cases from the courts to the hospitals. In the end, the Mayor's program serves everyone well. First, a person that finds themselves arrested and suffering with mental illness has an opportunity to get regulated prior to sentencing. Secondly, it helps reduce the burden on our penal justice system, and ultimately will save dollars for all tax payers. The "Safe 'til Stable" program provides critical information that first responders will use to determine the routing of certain people who find themselves approached by law enforcement. All involved with the Jericho Project, the National Bipolar Foundation and the MedicAlert Foundation recognize the "Safe 'til Stable" program as a logical progression to properly assessing situations that may revolve around law enforcement. Other supporters who will be in attendance are Michael Labonte of the Memphis Crisis Center, Dr. James Greene, Chairman of the University of Tennessee Department of Psychiatry, and Dr. Kennard Brown, Vice Chancellor at UT Health & Science Center.

www.nationalbipolarfoundation.org

SOURCE National Bipolar Foundation

Singapore, Nov 12, 2009 - (ACN Newswire) - The financial firestorm that hit the world over a year ago will leave one positive outcome in its wake, with experts predicting that it may pave the way to a more sustainable future for the world, according to an international survey commissioned by global technology powerhouse Siemens.

In findings released by Siemens during the APEC CEO Summit in Singapore today, more than half of the 270 leading practitioners polled said the economic crisis may stimulate progress towards sustainable development, with 86% anticipating an increased investment in green technologies. Three-quarters also pointed out that the crisis will lead to new paradigms of managing both the environment and the economy.

The survey conducted by global research firm GlobeScan Incorporated is of particular relevance to this year's APEC CEO Summit as it examines the policy issues surrounding sustainability in the context of the global economic crisis, one of the central themes of this year's event. Three-quarters of survey participants reside in APEC economies, and interviewees included experts from the government, private sector, academia and non-profit organisations.

Other possible upshots of the economic crisis, according to interviewees, include the adoption of more environmentally sustainable lifestyles, the start of better cooperation among national governments to create binding international agreements, and an impetus for governments to reform fiscal policies to recognize environmental impacts.

When asked for their ideas for fixing the world's economy, 22% of the experts suggested solutions that centred on new approaches to development, including sustainable development and the "triple bottom line", which takes into account ecological, social and financial performance. Respondents also recommended overhauling energy systems, including switching to renewable and low-carbon sources and improving energy efficiency, while some called for better regulation of the financial markets and banks.

Other survey highlights:

- A strong majority of experts think that improved energy efficiency and a switch to renewable energy sources are important in fostering a "green industrial revolution".

- Seven in ten experts believe that a green industrial revolution will improve people's living conditions in general and create jobs.

- Nine in ten experts feel that the current public stimulus programmes should be more focused on activities that foster a more environmentally sustainable future.

- Just over half of all experts said that in the foreseeable future economic growth will be possible without harming the environment.

- Sustainability experts are split as to whether a paradigm shift toward a more sustainable way of living will take place in the next five years. Opinions range from very optimistic to very pessimistic.

- Experts predict that the United States and China will supplant Germany as leaders in green technology over the next ten years.

The company has been a world leader in environmental technologies. In fiscal 2009, Siemens generated revenue of EU23 billion with products and solutions from its Environmental Portfolio. The green portfolio has grown by 11 percent by comparison with fiscal 2008, when its revenue - calculated on a comparable basis - totaled just EU20.7 billion.

This year, Siemens is a major partner of the APEC CEO Summit, the most highly anticipated business forum in the world, and will share its experience and expertise on the subject of sustainable development at the event.

The full survey findings of the "Economic Crisis and Sustainable Development" report are available at www.siemens.com/apec.

About Siemens AG

Siemens AG (Berlin and Munich) is a global powerhouse in electronics and electrical engineering, operating in the industry, energy and healthcare sectors. The company has around 420,000 employees (in continuing operations) working to develop and manufacture products, design and install complex systems and projects, and tailor a wide range of solutions for individual requirements. For over 160 years, Siemens has stood for technical achievements, innovation, quality, reliability and internationality. In fiscal 2008, Siemens had revenue of Eu77.3 billion and a net income of Eu5.9 billion (IFRS). Further information is available on the Internet at www.siemens.com.

Contact: Siemens Pte Ltd
Sharon Teo
Media Relations
Tel: +65 6490 8474
E-mail: sharon.teo@siemens.com

Copyright 2009 ACN Newswire. All rights reserved.