Press Releases

Camstar's Manufacturing Platform to Support Commercialization, Production Volume and Quality Enforcement

CHARLOTTE, N.C.--(BUSINESS WIRE)-- Camstar Systems, Inc. announced today that Pacific Biosciences, a leader in the development of a transformative Single Molecule Real Time (SMRT(TM)) DNA sequencing platform, has selected the Camstar Manufacturing(TM) enterprise software platform to enable its critical transition from product development to high-volume production, and to ensure consistent top product quality.

As an industry innovator, Pacific Biosciences is growing rapidly, and the scalable manufacturing platform will enable the company to shorten time-to-volume and rapidly develop, roll out and enforce best practices across new production lines and plants.

"Pacific Biosciences is committed to delivering innovative products with the highest price performance in the industry," said Bruce Leisz, Vice President of Operations and Program Management for Pacific Biosciences. "Camstar's manufacturing execution platform will provide visibility and consistent control over our expanding manufacturing processes and resources. Access to a rich set of intelligence about our processes accelerates our ability to continuously innovate and improve."

"Camstar is seeing rapid adoption of our solutions across the most innovative Diagnostics and Biotechnology industries," said Jason Adams, Camstar's Vice President of Sales for North America and Europe. "As companies commercialize their breakthrough products, they realize that achieving consistently high product quality in the midst of highly complex processes requires a comprehensive platform for manufacturing execution and quality."

See Camstar's Enterprise Platform for Advancing Product Quality, configured specifically for Biotechnology.

About Pacific Biosciences

Pacific Biosciences' mission is to transform the way humankind acquires processes and interprets data from living systems. The company has developed a disruptive technology platform for the real-time detection of biological events at single molecule resolution. Single Molecule Real Time (SMRT(TM)) Biology promises to revolutionize the life sciences by revealing the underlying networks that define living systems. The first application for the SMRT Biology platform is a paradigm changing approach to DNA sequencing. The SMRT Sequencing System will ultimately make it possible to sequence individual genomes as part of routine medical care. DNA sequencing is expected to be the first of many transformative SMRT Biology applications that will benefit society by driving radical advances in fields such as personalized medicine, agriculture, clean energy, and global health.

About Camstar Systems, Inc.

Camstar is the largest innovator of software solutions that advance product quality, including manufacturing execution, process planning, enterprise quality management, and manufacturing intelligence. Camstar serves hundreds of satisfied customers worldwide, including Abbott, AMD, Amkor, Arcelor, Beijing SE PMC, BIOTRONIK, Boston Scientific, Canadian Solar, Emcore, Hitachi, IBM, Kodak, Life Technologies, MiaSole, NXP, Q-Cells, Roche, SanDisk, Xilinx and Zeiss.

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

    Source: Camstar Systems, Inc.

ORLANDO, Fla., Nov. 11 /PRNewswire-FirstCall/ -- WellTek/MedX Group, health, fitness and wellness companies, today announced that it has completed a major corporate reorganization to facilitate becoming an SEC reporting company.

On November 11, 2009, MedX Systems, Inc. merged into a wholly owned subsidiary of an SEC reporting public company, previously named Pharmacity Corporation, and subsequently changed its name to WellTek Incorporated. As a result of the merger, there are 85,783,828 shares of common stock outstanding, including approximately 70,000,000 shares issued in the merger. In addition, there are outstanding options and warrants exercisable into an aggregate of 8,660,411 shares of WellTek Incorporated.

"As a consequence of this transaction, we now have a viable, trading market for our common stock. Moreover, management is now free to focus exclusively on executing our growth strategies and building long term value for our trusted shareholders," stated Randy Lubinsky, Chairman and CEO.

For more detailed information, please refer to the Form 8-K to be filed with the U.S. Securities and Exchange Commission. To view, please visit www.sec.gov.

About WellTek Incorporated

WellTek is a global health, fitness and wellness company that provides solutions to help address some of the world's most pressing and costly health challenges--obesity and chronic neck and back pain. The Company's subsidiary, MedX Limited, manufactures, markets and distributes the most advanced medical exercise equipment to the medical and fitness markets. Through its wholly owned subsidiary Pure HealthyBack, Inc., WellTek is redefining healthcare delivery by providing health plans, self-insured employer groups, and consumers with a viable non-surgical, lower cost treatment for patients who are seeking lasting relief from chronic neck and back pain. The Company also owns and operates lime Fitness, Inc., a high-end fitness and exercise studio specializing in lifestyle fitness coaching designed to facilitate life, image and mind enrichment. For more information on the Company, please visit www.WellTekinc.com.

Certain statements contained in this press release, which are not based on historical facts, are forward-looking statements as the term is defined in the Private Securities Litigation Reform Act of 1995, and are subject to substantial uncertainties and risks in part detailed in the respective Company's Securities and Exchange Commission filings, that may cause actual results to materially differ from projections. Although the Company believes that its expectations are reasonable assumptions within the bounds of its knowledge of its businesses, expectations, representations and operations, there can be no assurance that actual results will not differ materially from their expectations. Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include the Company's ability to execute properly its business model, to raise additional capital to implement its continuing business model, the ability to attract and retain personnel - including highly qualified executives, management and operational personnel, ability to negotiate favorable future debt facilities and capital raises, and the inherent risk associated with a diversified business to achieve and maintain positive cash flow and net profitability. In light of these risks and uncertainties, there can be no assurance that the forward-looking information contained in this press release will, in fact, occur.

SOURCE WellTek Incorporated

SUNNYVALE, CA -- (MARKET WIRE) -- 11/11/09 -- Stretch Inc., the pioneer and leader in software configurable processors, today announced it has received $10 million in mezzanine funding, co-led by existing investors Worldview Technology Partners, Oak Investment Partners, and Menlo Ventures.

"This last round of funding provides Stretch the financial security to scale our operations and attain profitability," said Craig Lytle, president and CEO of Stretch. "Where we have seen many startups fail in this difficult economy, Stretch's success is a testament to our ability to provide increased performance at a reduced cost for our customers."

Stretch has been successful in securing design wins with major video surveillance OEMs and ODMs across the world, and those customers are now in production, driving strong revenue growth. A partial list of customers includes Skyvision, EverFocus, Lanner, Advantech, Euresys, Matrox, Provideo, and UDP Technologies.

"2009 has been a watershed year for Stretch," commented Bob Beachler, Stretch's vice president of marketing, operations, and systems design. "Our third quarter was excellent, with revenue growing four times over second quarter, and we entered the fourth quarter with a healthy backlog to support a 3x revenue growth over the third quarter."

Stretch intends to use this additional funding to support increased manufacturing capacity and tape-out of its third generation of devices.

With more than sixty employees, and offices worldwide, Stretch has received twenty patent awards and more patents pending.

About Worldview Technology Partners

Worldview Technology Partners is a leading venture capital firm focused on investing in and building leading U.S. technology companies. Worldview's comprehensive, industry-leading business development services help its portfolio companies succeed in U.S. and international markets. With a 12-year track record of successful technology investing and close to $1.4 billion under management, the Worldview team -- now on its fourth fund -- has both the experience and the resources to invest in a broad range of information technology markets, including semiconductors, enterprise infrastructure, and software.

About Oak Investment Partners

Oak Investment Partners is a growth-oriented private equity firm with a total of $8.4 billion in committed capital. Investments are primarily focused on growth opportunities in clean energy, communications, information technology, internet new media, financial services information technology, healthcare services and consumer retail. Over a 30-year history, Oak has achieved a strong track record as a stage-independent investor funding more than 481 companies at key points in their lifecycles.

About Menlo Ventures

Menlo Ventures provides long-term capital and management support to early-stage and emerging-growth companies. Menlo is one of Silicon Valley's oldest venture capital partnerships, and has organized and managed ten venture funds since their inception in 1976. With over $4 billion under management, and a team with over 200 years of collective experience in technology, marketing, sales and general management, they have the resources to support the most ambitious of projects.

About Stretch

Stretch Inc. is delivering a family of software configurable processors, the first to embed programmable logic within the processor. Using familiar C/C++ programming tools, system developers automatically configure Stretch's off-the-shelf processors to achieve extraordinary performance, easy and rapid development, significant cost savings, and flexibility to address diverse markets and changing application needs. Stretch devices are used in video processing, machine vision, and wireless applications worldwide. For more information, visit www.stretchinc.com.

Stretch, the Stretch logo and Extending the Possibilities are registered trademarks of Stretch Inc.

Media Contacts:

Leslie-Ann Campbell
Stretch Inc.
408-543-2754
Email Contact

Patrick Corcoran
Cain Communications
360-314-4732
Email Contact

Comverse Netcentrex IP Communications Enables WiFi/GSM Business Model for Mobile Virtual Network Operator

WAKEFIELD, Mass.--(BUSINESS WIRE)-- Comverse has enabled Cherry, the mobile brand of service provider Mondial Telecom, to launch voice services in Belgium by using fixed-mobile converged (FMC), dual cellular/WiFi technology.

When subscribing to Cherry's mobile service, customers receive a dual-mode mobile handset that operates over WiFi within its coverage zone and switches seamlessly to GSM technology when leaving the WiFi coverage zone. This communication between GSM and VoIP over WiFi is made possible by Comverse Netcentrex IP Communications.

Deployed as a Software as a Service (SaaS) service model at the Comverse Netcentrex hosting center, this has allowed Cherry to launch service in the Belgium market without a mobile infrastructure. As a Mobile Virtual Network Operator, Cherry also does not have its own licensed frequency allocation of radio spectrum.

"Comverse has been a valuable partner in this innovative project by enhancing the intelligence of the network to offer affordable mobile services over a unified network with user transparency," said Bernard Noel de Burlin, CEO of Mondial Telecom.

"Comverse Netcentrex hosted services is at the heart of our strategy to innovate into the mobile market and by doing so, become a differentiating mobile service provider," de Burlin said. "Both our business model and the technical know-how of Comverse were critical success factors for this launch."

Comverse's technology, for instance, complemented Mondial Telecom's experience in all customer facing aspects, including back-office operations and agreements with a wide range of operators, such as global hotspots, WiFi providers, and mobile and fixed network providers.

"This innovative technical FMC solution is an excellent example of how IP Communications expands the telecommunications business model," said Lionel Chmilewsky, CEO of Netcentrex IP Communications at Comverse, the world's leading supplier of software and systems enabling value-added messaging and content services, converged billing and active customer management, and IP communications.

"Our hosted IP Communications model, together with the robust, high-quality Comverse Netcentrex solution, lowers the technical and financial risk and the high entry cost for service providers to provide voice services," he said.

Cherry envisions launching a similar service in other countries with various Internet Service Providers (ISP) and fixed and/or mobile operators. "This model that we developed with Comverse and some other partners has high potential," said Jose Zurstrassen, Chairman of Mondial Telecom and the founder of Skynet, the largest ISP in Belgium.

Comverse's hosting facilities provide a full range of IP communications services for the enterprise and consumer markets with carrier-grade service quality and availability. Comverse Netcentrex Hosted IP Communications is the ideal solution for rapid, cost-effective deployment of innovative and attractive value-added services.

About Cherry

Cherry is a brand from Mondial Telecom s.a., which is an operator based in Brussels. They provide broadband, landline telephony and mobile telephony to various customers SME's and residentials. The company started its operations in 1998.

On August 26, 2009, Mondial launched a world premiere with Cherry, a SIP-based convergent solution on mobile phones. This is the first sign of a new strategy based on innovation. Cherry is planned to be launched in various countries soon.

For more information, refer to www.mondialtelecom.be or www.becherry.be.

About Comverse

Comverse is the world's leading provider of software and systems enabling value-added services for voice, messaging, mobile Internet and mobile advertising; converged billing and active customer management; and IP communications. Comverse's extensive customer base spans more than 130 countries and covers over 500 communication service providers serving more than two billion subscribers. The company's innovative product portfolio enables communication service providers to unleash the value of the network for their customers by making their networks smarter. Comverse's solutions support flexible deployment models, including in-network, hosted and managed services, and can run on circuit-switched, IP, IMS or converged network environments. Comverse is a subsidiary of Comverse Technology, Inc. (CMVT.PK). For more information, visit www.comverse.com.

All product and company names mentioned herein may be registered trademarks or trademarks of Comverse or the respective referenced company(s).

This release contains "forward-looking statements" under the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. There can be no assurances that any forward-looking statements will be achieved. Important factors that could affect the statements contained herein include: changes in the demand for the company's products; changes in capital spending among the company's current and prospective customers; the risks associated with the sale of large, complex, high capacity systems and with new product introductions as well as the uncertainty of customer acceptance of these new or enhanced products from either the company or its competition; and risks associated with rapidly changing technology and the ability of the company to introduce new products on a timely and cost-effective basis. The company undertakes no commitment to update or revise forward-looking statements except as required by law.

    Source: Comverse Technology, Inc.

MATTHEWS, N.C.--(BUSINESS WIRE)-- Family Dollar Stores, Inc. (NYSE: FDO) today announced that Donna Barker has been promoted to the position of Vice President - Merchandising, General Merchandise Manager. Ms. Barker will report to Mike Kvitko, Senior Vice President - Merchandising.

"Developing talented Team Members is key to our success and is at the core of being a compelling place to work," said Dorlisa Flur, Family Dollar Executive Vice President, Chief Merchandise Officer. "This promotion recognizes Donna's performance and commitment to provide our customers with quality merchandise for their home at prices they can afford, and acknowledges her success under challenging economic conditions."

Ms. Barker joined Family Dollar in 2003 as Divisional Vice President - Home with responsibility over soft home and home decor categories. Prior to joining Family Dollar, Ms. Barker served as a divisional merchandise manager with Belk Department Stores. Ms. Barker received her Bachelor of Science in Fashion Merchandising from Eastern Kentucky University.

About Family Dollar

Beginning with one store in Charlotte, North Carolina, in 1959, the Company currently operates more than 6,600 stores in 44 states. Family Dollar Stores, Inc., a Fortune 500 company, is based in Matthews, North Carolina, just outside of Charlotte and is a publicly held company with common stock traded on the New York Stock Exchange under the symbol FDO. For more information, please visit www.familydollar.com.

    Source: Family Dollar Stores, Inc.