Business Wire, Sept 30, 2009
Acquisition Likely to be Accretive to Ebix EPS
ATLANTA — Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of On-Demand
software and E-commerce services to the insurance industry, announced
today that it has acquired Ohio-based Peak Performance Solutions, Inc.
effective the 1st of October 2009. The signing of the binding
agreement and the closing of the transaction was completed today. The
acquisition is expected to be accretive to Ebix Earnings per Share
(EPS) in the near and long-term future.
Peak Performance Solutions, Inc. (PEAK), offers comprehensive,
end-to-end insurance software and technology solutions to insurance
companies, self-insured entities, and risk management organizations in
the areas of workers compensation claims processing, risk management
claims administration, managed care tracking and backend policy
administration.
All PEAK exchange products are available in an On-Demand basis while the
backend policy systems are available in an ASP and self-hosted basis.
75% of PEAK revenues are recurring in nature, in the form of
subscription fees, application service provider fees, technical service
and support fees.
Peak currently services 450 customers who are positioned within the
property and casualty insurance industry, the risk management industry,
or are self-insured organizations that benefit from the types of
insurance management tools provided by Peak. No single customer accounts
for more than 10% of revenues.
The deal will involve an upfront cash payment of $8 million to Peak
shareholders plus a potential earn-out cash payment of up to $1.5
million, paid after a period of 1 year from the date of acquisition
provided that specific revenue targets are achieved. Ebix funded the
acquisition with internal sources using its own cash reserves. No shares
of Ebix’s capital stock were issued as a part of the deal, thus
resulting in no share dilution to Ebix’s existing shareholders. No
financial advisors were involved in the transaction from the Ebix side.
Robin Raina, Chairman, President and CEO of Ebix, said, “Peak has been a
strong player in the workers compensation claims, risk management,
managed care and the claims processing industry. The addition of these
services to EbixExchange
will further strengthen our position in the fast-growing risk management
and claims processing sector of the insurance industry.
Raina added, On the economic front, we are excited about this
acquisition on many accounts. Firstly, it brings a revenue base to the
company that is 75% recurring. This base covers a combined customer base
of 450 customers comprising 40 insurance companies, 5 state
governments, and risk departments of a few hundred companies; and with
little dependence on any one large client, Peak provides us with the
kind of diverse customer base that we like
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After you get the detergent, go back to your machine, fumble around, and go back to her and say, ?I?m sorry to keep bothering you, but these machines are different than what I?m used to and I don?t know what setting to use. Could you give me a hand? I?m sorry to seem so helpless.? Milk the helpless bit for all it?s worth. Ask her how much detergent to use, what colors you can wash together, and what temperature to set the water at ? whatever you can think of.
Also, if the Laundromat doesn?t have a vending machine for detergent, ask the woman if you can borrow some of hers. Insist on paying her back by paying for her washing or dryer use.
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The Jews thought it bad, even criminal, to levy interest among themselves but permitted it in the case of non-Jews. In an island of the Pacific there is a tribe with whom dishonesty is the best moral conduct and among whom the cleverest cheat is held in the highest esteem. Thugs felt proud of killing poor wayfarers. Nationalism is recognized the world over as a political and social creed and one who helps the well being of his nation by exploiting the other nations, is regarded a patriot worthy of being immortalized in metal and marble.
In the words of Rumelin.
?Self regard is its (State?s) appointed duty; the maintenance and development of its own power and well-being is the supreme principle of all politics.
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Hundreds of jobs axed by insurance firm
0 Comments | News (Portsmouth, England), The, June 6, 2008
Hundreds of jobs are to be lost as an insurance giant axes up to 900 staff.
Zurich, which employs 888 staff in its Whiteley offices, announced yesterday it was slashing its UK insurance workforce.
The firm said it needed to cut its cost base by 10 per cent by trimming between 700 and 900 jobs from its 5,400-strong workforce nationally.
A 90-day consultation with the Union of Finance staff has been announced to decide which jobs in which centres will be hit.
Spokeswoman Susannah Mogg said: ‘The insurance industry is competitive. Everybody wants to get the cheapest insurance they can and we need to compete in this marketplace.
‘We need to be as lean as possible and keep our cost base as tight as possible.
‘You have to be as cost-effective as possible in business and at the moment, given difficult market conditions, it is even more so.
‘This announcement could affect anyone within our business – we don’t know yet where these jobs will come from. It’d be inappropriate to comment on an ongoing process. We’re looking at all people, all processes, and all locations
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Market Wire, July, 2010
Reality Digital, Inc. , a leading provider of white-label social media for brands and agencies, today announced support for the streaming of MP3 files in its online video platform , Reality Digital Spotlight. The enhanced capability enables Spotlight customers to easily manage both audio and video assets from one interface and stream high-quality music tracks, audiobooks, podcasts and other audio files to any online property in embeddable custom players. In addition, customers can monetize MP3s, the leading format for sharing music and audio tracks, with ad insertion and socialize audio content with in-player comments and ratings.
Major highlights of the upgrade include:
-- Streaming Audio -Stream MP3 files at multiple bit rates using adaptive
bit rate technology for high-quality audio experiences
-- Copyright Protection - Automatic protection of MP3 file streams against
piracy
-- Mixed Media Playlists - Combine both video and audio clips in any
playlist or library
-- ID3 Metadata - Collect and display track info and cover art from ID3
meta tags
-- Social Audio - Integrate and associate user comments and ratings
directly in the player for each audio asset
-- Audio Asset Monetization - Serve ads or commercials against music tracks
and audio files, in addition to video clips, in any playlist
Monetization of online video content is a perennial topic, but little focus has been paid to monetizing audio content. With Spotlight’s built-in ad insertion feature and third-party ad provider integration, customers can monetize both audio and video assets and choose from audio and/or video ads to run alongside content. This flexibility will enable businesses to maximize ad revenue on all media assets should they choose to run advertising on their Spotlight account.
“Consumer and enterprise brands create content in multiple formats and we’ve seen an increase in demand from customers looking to deliver audio as well as video in a protected format,” explains Randy St. Jean, Co-founder and Chief Technology Officer, Reality Digital. “Music and audio streaming has been a popular media capability in our social media platform for several years, but more and more customers were asking us to add audio to our management and distribution platform. We’re excited to introduce streaming audio to Spotlight and enable businesses to publish and monetize branded audio content on their own terms.”
Spotlight is a video social media platform that manages, distributes, monetizes, analyzes and socializes a library of video, and now audio, content. Spotlight delivers high-quality media to websites, intranets, blogs and other online properties by embedding customizable players and digital libraries. Spotlight is built on Reality Digital’s core Opus social media platform and is available as a standalone distribution platform or as an integrated social media solution from Reality Digital.
To sign up for a free 30-day trial of Spotlight, or for more information on the online video platform, please visit: http://spotlight.realitydigital.com .
About Reality Digital
Reality Digital, Inc. is a provider of enterprise-scale, white-label social media solutions. The company’s comprehensive family of products and strategic services enable global brands and agencies to socialize digital content and deliver more relevant and engaging community experiences to their customers. Reality Digital provides the building blocks needed for companies to manage, publish, distribute and monetize rich media on the web
If you take drugs for anxiety and depression and do not clean up your diet and get proper exercise, you are just using a Band Aid for a gaping wound.
THE EMOTIONAL CAUSES OF ANXIETY AND DEPRESSION
Emotionally, anxiety is caused by dysfunctional thoughts ? thoughts that are not true. For example, if you tell yourself that you are not good enough or you have to be perfect, you will likely feel anxious. Thoughts of not being good enough and having to be perfect are generally focused on our outer qualities of looks and performance, rather than on the inner qualities of kindness, compassion, and gratitude. When we choose to be kind, loving and compassionate with ourselves and others, we feel good about ourselves.
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Deseret News (Salt Lake City), Feb 21, 2009
Randy Kinghorn, Joan Vickers and Christie Beecher have joined Coldwell Banker Residential Brokerage’s Ogden office. They will provide real estate services to buyers and sellers throughout the Wasatch Front. Kinghorn has 30 years of real estate experience. He joined Coldwell Banker from Western Real Estate, a brokerage he owned and operated for 18 years. Vickers has been in real estate for 10 years. Beecher has been a real estate agent for seven years.
Rachel Pugh and Camille Siebenberg have been promoted at Mantyla McReynolds. Pugh, now firm administrator, has been with the firm for four years and previously was an executive assistant. As administrator, she will assist the firm’s managing partner and oversee firm clients, as well as numerous firm office and accounting needs. Pugh’s education includes a degree from Brigham Young University. Siebenberg has been promoted to marketing and recruiting director. She works with the partners to plan company and client events and is involved in new-employee recruitment. She has been with the firm for 10 years, primarily as an executive assistant. Her education includes a degree from the University of Utah.
Jack Madsen, Brian Junge, Michael Mueller, Roger Phillips and Emir Tursic have been promoted at HKS Inc. Madsen was promoted to vice president. June, Mueller, Phillips and Tursic were promoted to associate.
Francis Rosado has been promoted to associate principal at Envision Engineering. Rosado joined the company in 1999 and has designed and managed religious facilities, medical clinics, research labs, fitness centers, assisted living centers, retail facilities and large commercial projects.
Kyanne Gochnour has been named director of catering at Bambara. Gochnour most recently was catering-sales manager for another property in Salt Lake City. She has experience in managing trade shows, seminars, workshops, think tanks, retreats, board meetings, sales presentations, press conferences, book signings, training sessions and product demonstrations.
Brandon H. Pace and John C. Bacoch have joined TraskBritt PC
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Many people have perished, New Orleans is underwater and the rest of the Gulf Coast looks more like the shores of Indonesia after the Tsunami. Getting back to normal for the region will take years for sure. But the rest of the nation is also at a crisis as we have lost one of our major arteries; Interstate 10. This freeway is a huge part of our nation?s distribution system in the United States, trusty I-10. In the winter it is the most traveled freeway to move stuff you start taking out 5 mile sections, bridges and causeways? And you have the makings for an economic crisis for all the Southern States from California to Florida. For the local region getting in relief and supplies to rebuild will be challenged beyond belief.
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What I recently discovered though, is that I was not getting as much fiber as I thought I was. I then set about to become more “fiber smart”, and here is what I learned.
I already knew, from personal experience actually, that increasing my fiber intake had taken the word constipation out of my life. That felt good! I have also learned that the extra fiber is probably decreasing my chance of suffering from Type 2 diabetes, high blood pressure, heart attack, cholesterol, and obesity.
When I studied my diet by using the “USDA National Nutrient Database for Standard Reference”, available for free from the United States Department of Agriculture at http://www.nal.usda.gov/fnic/foodcomp/search/ I discovered that although I had improved my fiber intake, I was not doing as well as I thought I was. The experts recommend that women get 25 grams per day, or 21 for the 50+ crowd.
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This is when the asthmatic takes in a deep breath and then doesn’t fully breathe out. Instead, they take several shallow in and out breaths without emptying their lungs completely.
As a result, their lungs can’t be refilled with fresh air since they never empty fully when breathing out.
Using a process called pneumographic biofeedback, asthma patients learn to recognize their altered heart rates that occur during barrel breathing. And they learn to change their breathing pattern to lower their heart rate as well as improve oxygen intake.
Some studies have concluded that this type of biofeedback treatment not only reduced the symptoms of asthma but also brought down lung inflammation and resistance to normal breathing. The heart beat variability biorhythm treatment has also resulted in lowered medication use and better pulmonary function.
The National Institutes of Health advices asthma patients who wish to use biofeedback training to work with a competent trainer and to keep their doctor fully informed.
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