Tuesday, October 9, 2012

Xtera's 100G Nu-Wave Optima(TM) Optical Transport Platform Certified for Russian Telecommunications Networks

Xtera Communications

DALLAS, TX and MOSCOW--(Marketwire - October 8, 2012) - Xtera Communications Inc. (Xtera), a leading global provider of optical networking solutions, today announced that its multi-purpose optical transport platform, Nu-Wave Optima(tm), is certified to be deployed in Russian backbone networks. The Testsertifico certification body delivered the GOST-R certificate and the Russian OSSET telecom certification body granted the Certificate of Conformance indicating that Xtera's equipment fully complies with the requirements of the Russian telecommunications authorities.


Xtera's Nu-Wave Optima(tm) is the ideal optical transport platform for equipping high-capacity, long-distance optical transmission infrastructures throughout Russia and Central Asia. Nu-Wave Optima(tm) helps backbone network operators efficiently address the never-ending traffic increase with the following key features:

  •          Ultra-long span performance to reduce the number of intermediate sites;
  •          Ultra-long, all-optical reach to avoid the deployment of costly regeneration sites on long optical routes; and
  •          Line capacity scalable up to 15 Tb/s via Xtera's unique combination of ultra-wide optical amplifier bandwidth and second-generation 100G coherent technology.

"Xtera is committed to offer innovative, field-proven solutions to Russian backbone network operators for coping with the bandwidth explosion fueled by IP traffic growth and maximizing the value of their optical assets," said Herve Fevrier, EVP and COO of Xtera. "Our Nu-Wave Optima(tm) platform has been deployed worldwide for network topologies similar to the ones found in Russia and we are looking forward to working with Russian service providers."


Being the first 100G equipment in the field since the second half of 2011 with soft-decision Forward Error Correction (FEC), Xtera's Nu-Wave Optima(tm) offers the industry's most advanced 100G solution that is available for multiple optical networking applications. For terrestrial backbone networks, the Nu-Wave Optima(tm) equipment delivers an unrivaled line capacity of 15 Tb/s on more than 3,000 km. For unrepeatered applications, a capacity of 34 x 100G was recently transmitted over a span exceeding 74 dB.


The proven Nu-Wave Optima(tm) multi-purpose platform offers unparalleled 100G WDM performance in real network conditions based on the combination of the industry's most powerful 100G technology and unique line equipment to face different network configurations. Some examples include:

  •          A N x 100G 1,350-km route including a 250-km / 60-dB span;
  •          The longest N x 100G all-optical link ever deployed with a reach of 2,500 km, including 24 spans, and going through 9 ROADMS; and
  •          7 Tb/s per fiber pair on a 350-km / 65.5-dB unrepeatered link.

Such features and performances clearly illustrate the benefits that the Nu-Wave Optima(tm) solution offers to Russian backbone networks where long-span and ultra-long, all-optical reach capabilities are key requirements.


For developing its activities in Russia and CIS regions, Xtera selected EZSolutionS as its Business Development and Marketing/PR Agency in Russia.


EZSolutionS offers a complete range of market entry, business development, marketing, PR, local compliance, translation, accounting, and legal services to help companies in the converging technology world establish and develop their presence in Russia and the Former Soviet Union countries. Founded in 2006, EZSolutionS is headquartered in Moscow, Russia.


About Xtera Communications, Inc.
Xtera Communications, Inc. (Xtera) specializes in network infrastructure that delivers maximum capacity, reach, security, and value. Xtera offers optical transport and WAN optimization solutions for service providers and enterprises worldwide. Xtera's solution portfolio of terrestrial, submarine, long-haul, regional and WAN optimization applications are deployed across five continents. Xtera's optical transport solutions help service providers expand and accelerate their market reach with new deployments and extend the life of existing network assets with cost-effective upgrades. Xtera's WAN optimization solutions deliver efficient, intelligent and flexible network optimization. For more information, visitwww.xtera.com or connect via LinkedIn, Twitter, Facebook and YouTube.

 

Contact Information

Press Contact 

Bertrand Clesca 
Xtera Communications 
T +1 972 649 5135
T +33 1 45 48 15 67 
E 
bertrand.clesca@xtera.com

 

© 2012 Marketwire, Incorporated. All rights reserved.

Pacific Biomarkers Participates in Washington Trade Mission to India

Pacific Biomarkers

MUMBAI, INDIA--(Marketwire - October 8, 2012) - Pacific Biomarkers (PBI), a WA-based limited liability company and provider of specialized clinical biomarker laboratory services to the pharmaceutical, biotechnology and diagnostics industries, announced that Michael Murphy, Ph.D., Chief Operating Officer, is participating in a Washington State trade mission in India lead by Governor Christine Gregoire. The delegates on the trade mission are visiting several cities in India including: Hyderabad, Delhi and Mumbai. Dr. Murphy is a member of the life science delegation who has been meeting with a number of business leaders within the Indian life science sector during the mission. The objectives of the meetings include promoting collaboration and increased communication between organizations in the Washington life science sector with similar organizations in the Indian market.

 

Pacific Biomarkers and India-based Clinigene International, a subsidiary of Biocon, announced in January they had entered into a collaborative agreement to address the specialty biomarker and high-end clinical trial laboratory needs of the global pharmaceutical and biotechnology industry. "The partnership with Clinigene provides us access to India while closely collaborating with a quality organization like Clinigene. We are delighted with how well our two organizations are positioned to address the opportunities in the Indian market," said Michael Murphy, Ph.D., COO, Pacific Biomarkers.

 

About Pacific Biomarkers (PBI)
Established in 1989, PBI provides clinical biomarker laboratory services and contract research services to support pharmaceutical and diagnostic manufacturers conducting human clinical trial research. The Company provides expert services in the areas of cardiovascular and musculoskeletal diseases, diabetes, obesity, and nutrition. The PBI laboratory is accredited by the College of American Pathologists, New York State, and the Lipid Standardization Program. PBI clients include many of the world's largest pharmaceutical, biotech, and diagnostic companies. PBI also provides clinical biomarker services focusing on the emerging field of biomarker assay development and testing. Services include validating and performing custom assays for novel clinical biomarkers, immunogenicity testing, and multiplex testing. PBI is headquartered in Seattle, Washington.

 

Contact
Pacific Biomarkers
Ron Helm
CEO
(206) 298-0068

 

© 2012 Marketwire, Incorporated. All rights reserved.

Given Imaging Announces New Data Suggesting Use of Colon Capsule Endoscopy May Improve Patient Adherence to Colon Examinations

Given Imaging

Colon Capsule Endoscopy Preferred in 49% of Patients Who Previously Declined Physician Recommended Conventional Colonoscopy


HONG KONG--(Marketwire - October 9, 2012) - Given Imaging Ltd, a world leader in GI medical devices and pioneer of capsule endoscopy, today announced the results published in the September edition of the Journal of Clinical Gastroenterology showing that the availability of colon capsule endoscopy devices like the PillCam® COLON 2 could potentially increase adherence to physician recommended colon examinations among patients who decline conventional colonoscopy.


"Colorectal cancer affects hundreds of thousands of lives each year and adherence to screening plays a critical role in early detection and diagnosis," noted Douglas K. Rex, M.D., study author and Professor of Medicine at Indiana University School of Medicine and Director of Endoscopy at Indiana University Hospital. "This study is significant because it suggests that if colon capsule endoscopy was made available to patients, it could potentially result in an overall increase in adherence among patients who had previously declined colonoscopy," he added.


"In Hong Kong, where colorectal cancer is the second-leading cancer killer with more than 4,300 new cases and 1,700 deaths per year, increased adherence to colorectal cancer screening is critical. In light of these alarming statistics, the Institute of Digestive Disease at The Chinese University of Hong Kong, as a recognized Center of Excellence in Capsule Endoscopy, is proud to offer PillCam® COLON 2 as a safe, accurate, non-invasive and therefore more acceptable test option for our patients," said Professor Joseph Jao-Yiu Sung, Founding Director of the Institute.


The new data is based on a survey conducted among individuals who had been recommended colonoscopy screening within the past three years by their primary care physician and aimed to determine the potential value of PillCam COLON capsule endoscopy for screening adherence. The study results demonstrate that 24% of individuals with a prior colonoscopy chose colon capsule endoscopy. A total of 49% of subjects who previously declined colonoscopy chose colon capsule endoscopy, showing that patients who declined colonoscopy previously were statistically more likely to prefer a capsule examination over conventional colonoscopy as a potential screening test.


A total of 308 geographically diverse subjects in the U.S., aged 50-80 years of age, participated in the internet-based survey to determine the potential impact of colon capsule endoscopy on adherence rates for colorectal cancer screening. The highest ranked reasons for declining conventional colonoscopy were: bowel preparation (15%), invasiveness (15%), cost (14%), lack of sufficient benefit to health (13%), need for sedation (9%), lack of time for the procedure (9%), convenience (6%), and need for a ride home (5%). More than 50% of patients reported bowel preparation and invasiveness among their top three reasons for declining conventional colonoscopy. Additionally, patients that had declined colonoscopy viewed certain elements of conventional colonoscopy as more negative than did patients who had agreed to undergo colonoscopy previously. 


For the last part of the study, a profile of PillCam® COLON 2 was shared summarizing the features of colon capsule endoscopy technology and how the test is performed. The overview also addressed the preparation process (the need for liquids and bowel preparation the day and evening before the morning of the procedure), noting that no sedation was required. After viewing the profile, 43% of individuals with a prior colonoscopy chose colon capsule endoscopy, 51% chose conventional colonoscopy, 4% chose FOBT and 3% preferred no test. Among those patients who had declined a traditional colonoscopy previously, 69% chose capsule colonoscopy, 22% chose conventional colonoscopy, 3% chose FOBT and 6% chose no test.

 

Additional test characteristics were presented to determine the potential impact on acceptance, leading to the final results of 49% for those that declined colonoscopy and 24% for those with a prior colonoscopy. Lack of need for sedation and minimal invasiveness were considered the most attractive features of colon capsule endoscopy. The ability to screen and treat in the same procedure and accuracy were considered the most important advantages of conventional colonoscopy.


About PillCam COLON 2 
The PillCam® COLON 2 capsule is equipped with two miniature color video cameras (one on each end), a battery and an LED light source; it measures 11 mm X 31 mm. PillCam® COLON 2 is designed to be ingested by the patient and transmit up to 35 frames per second for approximately 10 hours to a recording device worn by the patient. Data are transferred from the device to a computer that uses RAPID software to compile the video data and enable the physician to review and report the results of the PillCam study.


The risks of PillCam capsule endoscopy include capsule retention, aspiration, or skin irritation. PillCam COLON capsule endoscopy presents additional risks, including risks associated with the drug products used to prepare the patient for the procedure, which are currently used for colonoscopy, including allergies or other known contraindications to any preparation agents or medications used for the PillCam COLON regimen, according to laxative medication labeling and per physician discretion. Medical, endoscopic, or surgical intervention may be necessary to address any of these complications, should they occur. For more information, please visit pillcamcolon.com.


About Given Imaging Ltd. 
Since pioneering the field of capsule endoscopy in 2001, Given Imaging has become a world leader in GI medical devices, offering health care providers a range of innovative options for visualizing, diagnosing and monitoring the digestive system. The company offers a broad product portfolio including PillCam® video capsules for the small bowel, esophagus and colon, industry-leading ManoScan(tm) high-resolution manometry and Bravo® wireless and Digitrapper® pH and impedance products. Given Imaging is committed to delivering breakthrough innovations to the GI community and supporting its ongoing clinical needs. Given Imaging's headquarters are located in Yoqneam, Israel, with operating subsidiaries in the United States, Germany, France, Japan, Australia, Vietnam, Hong Kong, and Brazil. For more information, please visit www.givenimaging.com.


Forward Looking Statements
This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, projections about our business and our future revenues, expenses and profitability. Forward-looking statements may be, but are not necessarily, identified by the use of forward-looking terminology such as "may," "anticipates," "estimates," "expects," "intends," "plans," "believes," and words and terms of similar substance. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual events, results, performance, circumstances or achievements of the Company to be materially different from any future events, results, performance, circumstances or achievements expressed or implied by such forward-looking statements. Factors that could cause actual events, results, performance, circumstances or achievements to differ from such forward-looking statements include, but are not limited to, the following: (1) our ability to develop and bring to market new products, (2) our ability to successfully complete any necessary or required clinical studies with our products, (3) our ability to receive regulatory clearance or approval to market our products or changes in regulatory environment, (4) our success in implementing our sales, marketing and manufacturing plans, (5) the level of adoption of our products by medical practitioners, (6) the emergence of other products that may make our products obsolete, (7) lack of an appropriate bowel preparation materials to be used with our PillCam COLON capsule, (8) protection and validity of patents and other intellectual property rights, (9) the impact of currency exchange rates, (10) the effect of competition by other companies, (11) the outcome of significant litigation, (12) our ability to obtain reimbursement for our product from government and commercial payers, (13) quarterly variations in operating results, (14) the possibility of armed conflict or civil or military unrest in Israel, (15) the impact of global economic conditions, (16) our ability to successfully integrate acquired businesses, (17) changes and reforms in applicable healthcare laws and regulations, (18) quality issues and adverse events related to our products, such as capsule retention, aspiration and failure to attach or detach, bleeding or perforation that could require us to recall products and impact our sales and net income, and (19) other risks and factors disclosed in our filings with the U.S. Securities and Exchange Commission, including, but not limited to, risks and factors identified under such headings as "Risk Factors," "Cautionary Language Regarding Forward-Looking Statements" and "Operating Results and Financial Review and Prospects" in the Company's Annual Report on Form 20-F for the year ended December 31, 2011. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Except for the Company's ongoing obligations to disclose material information under the applicable securities laws, it undertakes no obligation to release publicly any revisions to any forward-looking statements, to report events or to report the occurrence of unanticipated events.

 

For further information contact:
Chantal Beaudry 
Lazar Partners Ltd.
cbeaudry@lazarpartners.com 
212-867-1762

 

© 2012 Marketwire, Incorporated. All rights reserved.

Monday, October 8, 2012

Besiktas and IMG Dogus Sign Historic, Wide-Ranging Strategic Partnership Agreement

IMGIMGIMG

ISTANBUL, TURKEY--(Marketwire - October 8, 2012) - BeÅŸiktaÅŸ Football Investments Co. Inc., the first football company which is publicly offered and owned by BeÅŸiktaÅŸ JK, one of the most storied athletic clubs in Turkey, and IMG DoÄŸuÅŸ, the Turkish joint venture between IMG Worldwide, the global sports, fashion and media company, and DoÄŸuÅŸ, one of Turkey's largest sector conglomerates, today signed a Letter of Intent (LoI) to develop a broad range of world class sports, fashion and art projects in Istanbul. This represents the first major initiative undertaken by the IMG DoÄŸuÅŸ Joint Venture.


IMG Chairman and Chief Executive Michael Dolan, representing the IMG DoÄŸuÅŸ Joint Venture, and Mr. Fikret Orman, Chairman of BeÅŸiktaÅŸ JK, signed the LoI in Istanbul today.


Under the terms of the LoI, IMG DoÄŸuÅŸ will work with BeÅŸiktaÅŸ on a variety of important strategic initiatives around sports, fashion and the arts. IMG will provide design and development work of the new stadium and also will create additional revenue generating concepts.


In one of the first projects being planned, IMG DoÄŸuÅŸ will assist BeÅŸiktaÅŸ in revamping and modernizing to global standards its Youth Sports Academy and Close Season Training Camp in Turkey. IMG has extensive expertise in this area as the owner of one of the world's leading academies in Florida, USA. Set on over 400 acres, IMG Academy features programs for American Football, European Football, tennis, golf, basketball and baseball among other sports.


In addition, the LoI calls for IMG DoÄŸuÅŸ, utilizing IMG's position as the world's leading marketing organization, to manage the sale of all the commercial rights of the Club and the Club's Stadium in Istanbul. This will include the development of a family of sponsors including naming rights, shirt sponsorship, technical sponsors and official suppliers.

 

IMG DoÄŸuÅŸ will also assist BeÅŸiktaÅŸ in developing a business plan for all aspects of the proposed Stadium redevelopment project. IMG is the market leader in the commercialization of new stadia and is currently working on a number of new stadia in Brazil and Russia for FIFA World Cup 2014 and 2018 respectively. The agreement includes the development of a business plan for the planned new BeÅŸiktaÅŸ stadium.

 

IMG and BeÅŸiktaÅŸ also plan to cooperate on the creation of an exciting new concept -- a Centre of Excellence in the Stadium Management.


"We are extremely pleased and excited about the new IMG DoÄŸuÅŸ relationship with BeÅŸiktaÅŸ JK," said Michael Dolan on behalf of the IMG DoÄŸuÅŸ Joint Venture. "The Club has enormous history in Turkey and has enjoyed tremendous success in its more than 100 years of existence. We believe that with the IMG DoÄŸuÅŸ experience and knowledge of the Turkish market, that we can have a very significant positive impact on The Club. We are looking forward to a long and prosperous association," Mr. Dolan concluded.


Speaking at the press meeting, Mr. Fikret Orman, Chairman of BeÅŸiktaÅŸ JK, said, "As the oldest sports club in Turkey, we are glad to pioneer the industry again to initiate a strong long-term cooperation with IMG DoÄŸuÅŸ. We believe that IMG's worldwide experience and know-how will lead us to develop new projects and bring a new vision to our understanding of sports and club management. We hope that this Lol will constitute a benchmark both for Turkey and the sector."


About IMG
IMG Worldwide is a global sports, fashion and media business, with nearly 3,000 employees operating in 30 countries around the globe. IMG's areas of expertise are diverse and wide ranging: IMG College; IMG's Joint Ventures in China, Brazil, India and Turkey; IMG Media; IMG Events and Federations; IMG Fashion; IMG Models; IMG Art+Commerce; IMG Clients; IMG Academy; IMG Consulting and IMG Licensing. More information is available at www.imgworld.com. Follow us on Twitter and Facebook.


About DoÄŸuÅŸ Group
Founded in 1951, DoÄŸuÅŸ Group has become one of largest conglomerates in Turkey and has the vision of being a regional leader in the services sector. DoÄŸuÅŸ Group is active in seven core businesses: financial services, automotive, construction, media, tourism and services, real estate and energy. DoÄŸuÅŸ Group has 126 companies and a workforce of over 30 thousand which enables it to offer high level technology, quality brands and dynamic human resources to its customers. The Group seeks to maximize the value of its brands, not only in Turkey but also in the regional and global context. The Group carries the vision of becoming a regional leader especially in the services sector.

Contact: 
Jim Gallagher
IMG
(212) 774-4419
Mobile: (914) 953-1103
jim.gallagher@imgworld.com

 

© 2012 Marketwire, Incorporated. All rights reserved.

Berkh Uul JSC (MSE: BEU) Announces Receipt of a NI 43-101 Compliant Resource Report for its Delgerkhan Fluorspar Deposit

Berkh Uul JSC

ULAANBAATAR, MONGOLIA--(Marketwire - October 8, 2012) - Berkh Uul JSC (MSE:BEU) is pleased to announce the receipt of a NI 43-101 compliant Resource Report from Micromine, the international geological consulting firm, for the Delgerkhan Fluorspar Project.


HIGHLIGHTS

  •     Indicated resource of 6.62million tons of Fluorspar ore grading 33.7% and inferred resource of 3.02 million tons of Fluorspar ore grading 33%
  •    A total indicated and inferred resource of 9.64 million tons of ore or 3.22 million tons of contained fluorspar (CAF2)
  •    Based on the current estimated price for fluorspar, the gross in situ value of the Delgerkhan deposit is USD 1.06 billion
  •     a 10% grade cutoff is applied
  •     Resource partially open at depth
  •     Substantial exploration potential along strike of the deposit
  •     All resources reported are entirely contained within the company''s 100% held mining lease

Between September and November 2011, Berkh Uul JSC engaged the professional management services of CBM LLC, which exclusively provides consulting services to Berkh Uul JSC''s controlling shareholder Firebird and its group of companies, to assist in the design and implementation of an1800 meter drilling program over the Delgerkhaan mining license under the guidance of international resource consultancy firm Micromine.


The drilling program focused on confirming historic joint Mongolian and Russian drilling to to bring the resource into a NI 43-101 compliant resource format. In addition, the drilling targeted deeper unexplored veining to extend the down dip depth of the deposit. 3D wireframe modelling was undertaken, taking the historic mining into account.


Berkh Uul JSC produced fluorspar until 2008 when operations were shut down. The company is moving onto the prefeasibility stage of the project, which it hopes to complete in the first quarter of 2013. Berkh Uul JSC is committed to reopening Delgerkhan, historically one of the largest producing fluorspar mines in Mongolia.

  

 

Berkh Uul JSC
Benjamin Coats
Investor Relations
+976 99053048
info@berkhuul.com
www.berkhuul.com

 

© 2012 Marketwire, Incorporated. All rights reserved.

Friday, October 5, 2012

Surmont Energy Ltd. Announces Submission of Applications for the 12,000 Bpd Wildwood Oil Sands Project Near Ft. McMurray, Alberta

Surmont Energy Ltd.

CALGARY, ALBERTA--(Marketwire - October 5, 2012) - Calgary-based private company Surmont Energy Ltd. ("Surmont", or the "Company") is pleased to announce that applications for regulatory approval have been submitted to the Alberta Energy Resources Conservation Board and the Government of Alberta's Department of Environment and Sustainable Resource Development, for the Company's 12,000 barrel per day (BPD) Wildwood SAGD Project.

 

These applications were submitted by Surmont as operator and 80% owner of the proposed project. Bounty Developments Ltd. ("Bounty") holds the remaining 20%.

 

HIGHLIGHTS

 

--  Surmont plans to apply conventional Steam-Assisted Gravity Drainage

    (SAGD) technology to produce bitumen from a high-quality McMurray oil

    sands reservoir located approximately 65 km south of Ft. McMurray,

    Alberta.

--  Production is forecasted to commence in 2015 or 2016, and to ramp up to

    approximately 12,000 BPD over one to two years. Peak production is

    projected to continue for about 15 years, with an overall project life

    of 24 years or more.

--  No issues have been identified with reservoir quality, caprock

    integrity, reservoir top gas, reservoir bottom water, or associated

    natural gas.

--  Conventional water treatment, steam generation, and bitumen/water/gas

    production technologies are to be applied at a central processing

    facility.

--  The central processing facility's design includes a natural gas-fuelled

    cogeneration power plant; however, discussions are also underway for

    supply of primary or back-up power via the electricity grid.

 

The contents of these regulatory applications may be viewed via Surmont's website, at: www.surmontenergy.com/WildwoodProjectApplications

 

Surmont estimates that the process for regulatory review of its application could require 15 to 18 months. The project applicant will normally, within four to six months of application submission, receive Supplemental Information Requests listing additional information to be provided.

 

Surmont is continuing its process of consultation with aboriginal, public, and Industry stakeholders in conjunction with the application review process.

 

OPERATIONS

 

Surmont and Bounty are developing plans for exploration of the balance of the Wildwood oil sands leases in upcoming winter seasons, with the objective of developing expansions to the project. Such additional expansions could further increase the project's lifespan and peak rates.

 

Work has also commenced for financing the engineering, procurement, construction and drilling activities to implement the Wildwood SAGD Project, which has capital investment requirements over the next several years totaling in excess of $500 million.

 

A MAJOR MILESTONE ATTAINED

 

Surmont's submission of these regulatory applications marks the attainment of an important milestone for the Company. Since being founded less than a year ago, Surmont has:

 

--  raised its initial tranche of investment capital;

--  executed successful 3-D seismic field acquisition and corehole drilling

    programs to earn its 80% interest in the Wildwood lands;

--  confirmed sufficient bitumen resources to support a full-scale oil sands

    production scheme; and,

--  prepared and submitted its comprehensive application for regulatory

    approval of the 12,000 BPD Wildwood SAGD Project.

 

These achievements would not have been possible without the investments made by our shareholders and the outstanding contributions of Surmont's project team including members from co-venturer Bounty, consultants, and contractors.

 

ABOUT SURMONT ENERGY LTD.

 

Surmont Energy Ltd. is a privately held oil sands company founded in October 2011 and headquartered in Calgary, Alberta. The Company focuses on utilizing environmentally responsible technologies to carry out profitable development of oil sands projects in western Canada. Surmont's initial project is located on a 12,000-acre block of oil sands leases in the heart of Alberta's steam-assisted gravity drainage (SAGD) project region, in respect of which the Company has submitted regulatory applications for the 12,000 BPD Wildwood SAGD project.

 

FURTHER INFORMATION

 

For further information, please visit Surmont's website at www.surmontenergy.com

 

This information release contains certain "forward-looking statements" within the meaning of such statements under applicable securities law including, but not necessarily being limited to, final regulatory approval from authorities with jurisdiction. Forward-looking statements are frequently characterized by words such as "plan", "expect", "estimate", "intend", "believe", "anticipate", "proposed", "prospective" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on Surmont's experience and current beliefs as well as assumptions made by, and information currently available to, Surmont, and are subject to a variety of risks and uncertainties including, but not limited to, those associated with resource definition, unanticipated costs and expenses, unavailability of key inputs, regulatory approvals, fluctuating oil and gas prices, and the ability to access sufficient capital under suitable conditions. Although the Company believes that the expectations represented by such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned that the assumptions and factors discussed in this information release are not exhaustive and readers are not to place undue reliance on forward-looking statements. Surmont expressly disclaims any intention or obligation to update or revise any forward-looking statements as a result of new information, future events or otherwise, subsequent to the date of this message, except as required under applicable securities legislation. The forward-looking statements are expressly qualified by these cautionary statements.

 

Contacts:
Surmont Energy Ltd.
+1.800.972.8139 (Toll-free N. America)
+1.587.926.9472
info@surmontenergy.com
www.surmontenergy.com

 

© 2012 Marketwire, Incorporated. All rights reserved.

ddp images, Picture Press, airmotion, ddp direct, spot on news, and Sipa Not Affected by Bankruptcy Proceedings

dapd nachrichtenagentur

BERLIN--(Marketwire - October 5, 2012) - In order to clarify reports concerning the dapd news agency's preliminary bankruptcy proceedings, the parent company dapd media holding AG is announcing that 18 of its subsidiary companies are not affected. This includes subsidiaries from several divisions, including photo (ddp images, Picture Press and SIPA USA), automotive and web content (airmotion and News Right Management), public relations (ddp direct) and entertainment news (spot on news). The French news agency group SIPA News remains completely unaffected as well.


The preliminary bankruptcy proceedings do affect dapd's eight Berlin-based companies. The news agency dapd is to continue its work as before.


About dapd media holding:

The dapd media holding AG is an independent international news agency group with headquarters in Berlin and Munich. The leading German agencies dapd, ddp images, Picture Press, Airmotion and ddpdirect are among its subsidiaries. These supply around 700 clients with texts on current topics, as well as current and historical pictures. Its clients include a majority of German daily newspapers, numerous magazines, online media, television and radio broadcasters, political parties and governments. In July 2011 dapd media holding took over the French photo agency Sipa Press, founded in 1973, which delivers 6,000 pictures to clients in more than 40 countries. After the takeover of Diora News and AP France SIPA will start a news agency in France.

 

Press contact:

Tobias Lobe
dapd media holding AG
Tel.: 030/23122-1398
lobe@dapd-holding.de

 

© 2012 Marketwire, Incorporated. All rights reserved.