latest news releases from the newsroom
AGCO Reports First Quarter Results
DULUTH, Ga., May 2, 2007 (PRIME NEWSWIRE) -- AGCO Corporation (NYSE:AG), a worldwide manufacturer and distributor of agricultural equipment, reported net income of $0.26 per share for the first quarter of 2007. For the first quarter of 2006, AGCO reported net income of $0.19 per share. Net sales for the first quarter of 2007 were $1.3 billion, an increase of approximately 14% compared to the same period in 2006.
EMS Technologies, Inc.
EMS Technologies Announces Higher First Quarter Earnings
ATLANTA, May 2, 2007 (PRIME NEWSWIRE) -- EMS Technologies, Inc. (Nasdaq:ELMG) today announced sharply higher earnings for the first quarter of 2007 compared with the first quarter of 2006. For the first quarter of 2007, EMS reported revenues of $66.6 million, and earnings from continuing operations of $2.9 million, or $.19 per share. These results compared with 2006 first quarter revenues of $59.0 million and earnings from continuing operations of $1.2 million, or $.10 per share. The results for the Atlanta-based manufacturer of advanced communications products were led by a strong performance from its SATCOM business and growth in interest income due to increased liquidity and a stronger balance sheet.
Lantronix Enters Remote Product Services Equipment Market With Enterprise Scalable End-to-End Device Management Platform
IRVINE, Calif., May 2, 2007 (PRIME NEWSWIRE) -- Lantronix, Inc. (Nasdaq:LTRX) today announced a new product platform family, ManageLinx(tm), a suite of hardware and software solutions that provide secure, seamless remote access and management capabilities to virtually any networked device residing on the other side of a corporate firewall. The company also introduced the Lantronix Device Network Architecture(tm) (DNA), a machine-to-machine (M2M) technology framework that integrates all Lantronix product offerings to deliver a full range of device networking solutions. Together, the Lantronix DNA and ManageLinx platform will accelerate the adoption of remote product service business models that enable original equipment manufacturers (OEMs) and managed service providers (MSPs) to use the Internet to remotely monitor, diagnose and service their customers' equipment.
Airvana Acquires 3Way Networks
CHELMSFORD, Mass. and CAMBRIDGE, U.K., May 2, 2007 (PRIME NEWSWIRE) -- Airvana, Inc., a leading provider of network infrastructure products used by wireless carriers to provide mobile broadband services, today announced it has acquired 3Way Networks, a provider of home base stations and industry-tailored solutions for UMTS markets. Terms of the deal are undisclosed.
Sweet Success Enterprises, Inc.
Sweet Success Health and Wellness Beverages Quickly Sell Out At Amazon.com
SAN ANTONIO, May 2, 2007 (PRIME NEWSWIRE) -- Sweet Success Enterprises (OTCBB:SWTS), maker of a line of innovative and delicious health and wellness beverages, announced today that all of the six Fuel for Health(tm) products stocked at Amazon.com sold out. GlucaSafe(tm) the only beverage that contains Cinnulin PF(r) (which may support healthy blood glucose levels) was the most popular product at a recent American Diabetes Association Expo in San Antonio, Texas. In addition, the company also produces Power Blend a juice based energy drink, and ChocKoala(tm) Immunity Jr. a non dairy non soy immune-boosting children's beverage. These and all Sweet Success' other products sold out within one month of becoming available for sale through the online giant.
Health Insurer Rankings Reveal Alarming Inefficiencies in Some State Medicaid Plans
WATERTOWN, Mass. and BALTIMORE, May 2, 2007 (PRIME NEWSWIRE) -- Poor payment and administrative practices by some state Medicaid programs could lead to an access-to-care issue for millions of Americans, according to the second annual PayerView(sm) Rankings issued today by athenahealth, Inc., and Physicians Practice(r), America's leading practice management journal for physicians. The rankings indicate that major contributors to some state Medicaids' overall low performance with medical providers may be attributed to the slow or, in some cases, non-existent reimbursement policies by some state programs, often confusing paperwork protocols and billing requirements, and the growing trend of some states outsourcing Medicaid programs to underperforming private managed care organizations.
athenahealth and Physicians Practice Journal Issue 2007 PayerView Rankings; CIGNA Healthcare Assumes Top National Ranking
WATERTOWN, Mass. and BALTIMORE, May 2, 2007 (PRIME NEWSWIRE) -- athenahealth, Inc., a leading provider of web-based services, knowledge, and software for medical practices, and Physicians Practice(r), America's leading practice management journal for physicians, today released the second annual PayerView(sm) Rankings. This year's rankings have been expanded from 2006, utilizing claims performance data from more than 8,500 medical providers representing over 28 million medical charge lines for all four quarters in 2006. This data included medical services that were billed in 33 states and submitted to payers in 46 states. The PayerView data is derived from athenahealth's web-based athenaNet(r) practice management system database, and ranks health insurers according to specific measures of financial, administrative performance, and medical policy complexity.