EIN Presswire: Employment Live Feed Press Releases

Freelancers Worldwide Go Crazy Over Freelancer.com's 'Expose Our Logo' Contest

Wed, 08 Feb 2012 00:04:55 +0000

Freelancers Worldwide Go Crazy Over Freelancer.com's 'Expose Our Logo' Contest

Freelancers skydive, swim with sharks and flashmob in global competition. Tens of thousands mobilized across Australia, Bangladesh, India, Nepal, Pakistan, The Philippines, Slovakia, Taiwan, the United States, and more. Sparks UFO sightings over Utah. Over three thousand march in Northern Bangladesh. Planes fly over New York towing a giant Freelancer banner.

PR Newswire

SYDNEY, Feb. 7, 2012 /PRNewswire/ -- Freelancer.com, the world's largest outsourcing and crowdsourcing marketplace, today announced the top 20 finalists in its US$25,000 'Expose Our Logo' contest. Over 440 video entries were received involving tens of thousands of freelancers from all points of the globe.

"Our annual competitions harness the power of the crowd to create the most viral, musical, visible and public exposure of our logo, all while having a lot of fun!" said Matt Barrie, Chief Executive of Freelancer.com.

"This year we were totally overwhelmed by the entries. We received reports of a Freelancer.com UFO sighting in Utah that made national, then international news as it went viral. In Bangladesh, well over 3,000 people went marching dressed in Freelancer uniforms after unveiling a gigantic 2000 square foot Freelancer.com banner. In Nepal, Freelancers hung a huge banner off one of the country's tallest towers. Other freelancers jumped out of planes or went swimming with sharks. Together, they've literally taken the contest to new heights and depths," he added.

The 440 entries were submitted for a chance to share in US$25,000, including a US$10,000 Grand Prize. The 20 finalists include entries from the Philippines, United States, Taiwan, Bangladesh, Australia, India, Pakistan, Slovakia and Nepal.

Starting February 6th, the finalists will additionally be competing for the US$5,000 'People's Choice Award,' which will be determined by the entry that gets the most Facebook likes over a two week period.

"Contests like this reinforce the fact that the Freelancer.com community is our greatest asset. In a few short years our freelancers globally have earned over US$115 million by completing over 1.4 million projects. We're seeing more and more Freelancers earning six and seven figure incomes, and building up big businesses all on the strength of their professionalism and work ethic," Barrie added.

To see all the entries, visit: www.freelancer.com/competitions

About Freelancer

Webby award-winning Freelancer.com is the largest outsourcing and crowdsourcing marketplace in the world. Through Freelancer.com, businesses connect with 3 million independent professionals from all over the world. Employers can hire freelancers in areas such as software, writing, data entry, and design, right through to engineering and the sciences, sales & marketing, and accounting & legal services. The average job is under US$200, making Freelancer.com extremely cost-effective for small businesses which often need a wide variety of jobs to be done, but cannot justify the expense of hiring full time.

http://www.freelancer.com/

SOURCE Freelancer.com

Timken and United Steelworkers of America Local 1123 Reach New Tentative Agreement

Tue, 07 Feb 2012 23:14:09 +0000

Timken and United Steelworkers of America Local 1123 Reach New Tentative Agreement

PR Newswire

CANTON, Ohio, Feb. 7, 2012 /PRNewswire/ -- The Timken Company and the United Steelworkers (USW) Local 1123 today announced they have reached a new tentative agreement on a five-year contract to replace the existing labor agreement, which expires Sep. 2013. Members will vote on the new agreement, which is unanimously supported by local USW negotiators, within the next two weeks.

The parties reached a preliminary agreement in December, but union membership failed to ratify the proposal in a January vote, putting at risk a multi-million dollar investment in Stark County (Ohio). Timken is prepared to invest $225 million in its Faircrest Steel Plant if a new labor agreement is ratified.

"We have outlined a very attractive investment for our steel operations," said Salvatore J. Miraglia, Jr., president of Timken's Steel Group. "But it clearly will not move forward without a new agreement that ensures workforce stability throughout construction and startup. The vote will be our final opportunity to put the pieces in place to make this investment happen."

The project has received state and local assistance, in return for Timken's commitment to job security at the plant during the term of that support.

The tentative agreement continues to provide:

Increases to permanent base wages every year, in addition to cost-of-living adjustments;
Increases in both variable pay opportunities and incentive pay;
Improvements in health and wellness plans;
Increases in pension benefits;
And, includes changes to the wage escalation rate for new employees.

Background information is available on www.timken.com/agreement.

About The Timken Company

The Timken Company (NYSE: TKR; www.timken.com) keeps the world turning with innovative friction management and power transmission products and services that help machinery perform more efficiently and reliably. With sales of $5.2 billion in 2011 and approximately 21,000 people operating from locations in 30 countries, Timken is Where You Turn® for better performance.

Media Contact: Lorrie Paul Crum
Manager – Global Media and Strategic Communications
Mail Code: GNW-37
1835 Dueber Avenue, S.W.
Canton, OH 44706 U.S.A.
Telephone: (330) 471-3514
Mobile: (330) 224-5021
lorrie.crum@timken.com

Investor Contact: Steve Tschiegg
Director – Capital Markets and Investor Relations
Mail Code: GNE-26
1835 Dueber Avenue, S.W.
Canton, OH 44706 U.S.A.
Telephone: (330) 471-7446
steve.tschiegg@timken.com

For Additional Information:
www.timken.com/media
www.timken.com/investors

SOURCE The Timken Company

Recondo Technology Announces Acquisition of Trilogi, Inc.

Tue, 07 Feb 2012 22:04:05 +0000

Recondo Technology Announces Acquisition of Trilogi, Inc.

- Uniting Industry Leaders in Hospital Revenue Cycle Technology and Revenue Recovery Services

PR Newswire

GREENWOOD VILLAGE, Colo., Feb. 7, 2012 /PRNewswire/ -- Recondo Technology, a leading provider of revenue cycle solutions for the healthcare industry, announced today that Recondo has acquired Trilogi, Inc., a leading revenue cycle management and recovery firm with offices in Lakeland, Florida, and Dallas, Texas. Specific terms of the agreement were not announced.

(Logo: http://photos.prnewswire.com/prnh/20110627/LA26547LOGO)

Recondo plans to integrate software services with Trilogi®workflow and processes to streamline the Trilogi best demonstrated practices of revenue recovery. The acquisition is accretive to Recondo by increasing the combined customer base and by creating two approaches to revenue recovery, one based on technology and one based on Business Process Outsourcing (BPO) services, including:

Service Lines

Denial Management Program
Complex and Denied Claims Program
Commercial and Government Health Insurance Follow-up
Underpayment Recovery Program
A/R Cleanup and Customized Projects
Workers Compensation Program
System Conversion Services
Legal Services and Litigation Management
Motor Vehicle Accident programs

"We are very pleased to combine with Trilogi and be able to offer our client hospitals a broader array of products and services," said Rick Adam, Recondo Founder and CEO. "Trilogi is a leader and innovator in hospital revenue recovery services and Recondo likewise on the technology front. Together we offer our customers unrivaled value."

"Trilogi has long since been delivering unparalleled service solutions to our hospital clients, and I feel that combining the technology power of Recondo with our expertise will allow us to continue to lead the Healthcare Receivables industry. Recondo Technology has been a company I have admired over the years, and I'm thrilled that we are combining our forces in order to create innovative and cutting-edge solutions for our clients," said April Kooiman, Trilogi Co-Founder and President.

About Recondo Technology

Recondo Technology delivers powerful software services connecting patients, providers, and payers across the spectrum of US healthcare. Recondo services bring efficiencies and cost savings to healthcare payment processing, which currently costs US healthcare a staggering $425 billion in annual expense. Recondo services automate the revenue cycle and payment cycle, from pre-scheduling to adjudication, with virtually no manual intervention.

Recondo/Trilogi Revenue Recovery Services help hospitals recover lost revenue from payer denials, offering both a technology-based solution and Business Process Outsourcing (BPO). Recondo/Trilogi delivers superior revenue recovery results to hospitals across the United States.

Authorization/Denial Prevention (Auth-DP™) increases cash flow by reducing a hospital's costly payer denials. Auth-DP identifies precertification requirements and authorization at the front of the revenue cycle, increasing authorization coverage and reducing denials by as much as 75 percent.

SurePayHealth®offers an accurate statement of patient financial responsibility at Point of Service, verifying patient identity, eligibility, and benefits, and accurately calculating the patient fee. After activating SurePayHealth, hospitals increase cash collections by tens of thousands of dollars every month.

EligibilityPlus™ gives hospitals the most complete view of government and commercial insurance benefits available in the industry. With a complete understanding of insurance benefits, hospitals immediately identify specific coverage, simplify patient registration workflows, reduce claim rework, and assess patient liability.

ClaimStatusPlus™ automates the process of retrieving the status of open claims, and allows hospital staff to segment claims conforming to the specific process adopted by each hospital, then work each claim by various priority standards. Claim Status significantly reduces the time and effort to identify, track, and process claims.

Recondo, SurePayHealth, ReconBot, Recondo Financial Medical Record, Trilogi, and Powered by Recondo are registered trademarks of Recondo Technology. EligibilityPlus, Auth-DP, ClaimStatusPlus, Omni278, Financial Assistance, AllPayHealth, and Patient Resource Management are trademarks of Recondo Technology. All other trademarks and registered trademarks are the property of the respective trademark holders.

SOURCE Recondo Technology

BIOCOM Launches 2012 Southern California Life Sciences Economic Impact Report

Tue, 07 Feb 2012 21:49:43 +0000

BIOCOM Launches 2012 Southern California Life Sciences Economic Impact Report

PR Newswire

SAN DIEGO, Feb. 7, 2012 /PRNewswire/ -- BIOCOM, the trade organization representing Southern California's life sciences industry, has released its first regional economic impact report showing conclusively that Southern California's life sciences cluster is one of the most vibrant, multi-faceted and innovative in the world.

The report, done by Hendershot Economics, breaks the life sciences industry into five sectors and analyzes each sector on a county-by-county basis. The report shows through transparent data how robust, vibrant and multi-faceted the life sciences are in Southern California.

In Southern California – Orange, San Diego, Riverside and Imperial counties - 97,000 people are employed at 3,500 life science companies.
Those workers support an additional 151,000 jobs in the region.
About 31,000 of those jobs are in key support industries, such as real estate and financial services, which are essential for the life sciences to do business.
The total impact of the life sciences is 248,000 jobs, which pay a total of $17 billion in wages.
In the region, the industry generates a total of $57 billion in economic activity.

One of the region's unique characteristics is its high concentration of research institutes, giving it strong roots in innovation and fostering an especially collaborative environment. All of these factors contribute to the region's nimbleness to quickly adjust to the needs of the market as the industry continues to evolve and new sectors emerge, such as industrial biotechnology, wireless health and genetic sequencing.

The flexibility has allowed the cluster to create 7,500 jobs during an economic downturn when much of the country's workforce was contracting – the economies of three of the region's four counties grew faster than the national economy in the life sciences. In the next two years, the cluster is expected to create another 6,000 new jobs.

"Our analysis shows that the job creation in Southern California can be attributed to the region's unique characteristics, including its research base, its business climate, strong support services and the strength of the existing cluster," said Joe Panetta, BIOCOM President and CEO.

BIOCOM decided to undertake this project because no report has ever looked at the region as a whole. This report does that and more. It analyzes the collaboration and linkages that exist between the counties, the businesses, the workforce and the service providers throughout the region.

It shows the sheer density of research in the region makes it unique, and creates an atmosphere that makes it seem as though innovation is in the air. It shows the industry in the region was creating jobs throughout the economic downturn and it illustrates the many reasons why this industry is a key economic driver in the region.

Copies of the economic report are available on BIOCOM's website, http://biocom.org/home/econreport/ or by contacting Communication's Director Terri Somers, tsomers@biocom.org.

SOURCE BIOCOM

MasTec Announces Withdrawal from Teamsters Central States Pension Plan

Tue, 07 Feb 2012 21:35:00 +0000

MasTec Announces Withdrawal from Teamsters Central States Pension Plan

PR Newswire

CORAL GABLES, Fla., Feb. 7, 2012 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced that its wholly owned subsidiary, Precision Pipeline, LLC, along with other members of the Pipe Line Contractors Association ( "PLCA"), have fully withdrawn from the Central States Southeast and Southwest Areas Pension Fund multi-employer pension plan (the "Plan"), effective November 15, 2011. In connection with the withdrawal, MasTec will record a one-time expense of $6.4 million in the fourth quarter of 2011 based on an estimate provided by the plan.

This charge was not contemplated at the time the Company issued its earnings guidance for the fourth quarter of 2011. The Company withdrew from the Plan in order to mitigate its liability in connection with the Plan, which is significantly underfunded. The Plan has asserted that the PLCA members did not effect a withdrawal in 2011, although MasTec believes that a legally effective withdrawal occurred in the fourth quarter of 2011 and has recorded the withdrawal liability on this basis. If the Plan, however, were to prevail in its assertion and the withdrawal of MasTec were deemed to occur after 2011, the amount of any withdrawal liability would be expected to increase.

MasTec, Inc. is a leading infrastructure construction company operating mainly throughout North America across a range of industries. The Company's activities include the engineering, building, installation, maintenance and upgrade of energy, communication and utility infrastructure, such as: electrical utility transmission and distribution, natural gas and petroleum pipeline infrastructure, wireless, wireline and satellite communications, wind farms, solar farms and other renewable energy, industrial infrastructure and water and sewer systems. MasTec's customers are primarily in the utility, communications and government industries. The Company's corporate website is located at www.mastec.com.

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act. These statements are based on management's current expectations and are subject to a number of risks, uncertainties, and assumptions, including further or continued economic downturns, reduced capital expenditures, reduced financing availability, customer consolidation and technological and regulatory changes in the industries we serve; market conditions, technical and regulatory changes that affect us or our customers' industries; our ability to accurately estimate the costs associated with our fixed-price and other contracts and performance on such projects; our ability to replace non-recurring projects with new projects; our ability to retain qualified personnel and key management, including from acquired businesses, enforce any noncompetition agreements, integrate acquired businesses within the expected timeframes and achieve the revenue, cost savings and earnings levels from such acquisitions at or above the levels projected; the impact of the American Recovery and Reinvestment Act of 2009 and any similar local or state regulations affecting renewable energy, electrical transmission, broadband and related projects and expenditures; the effect of state and federal regulatory initiatives, including costs of compliance with existing and future environmental requirements; our ability to attract and retain qualified managers and skilled employees; trends in oil and natural gas prices; increases in fuel, maintenance, materials, labor and other costs; fluctuations in foreign currencies; the timing and extent of fluctuations in geographic, weather, equipment and operational factors affecting the industries in which we operate; any material changes in estimates for legal costs or case settlements or adverse determinations on any claim, lawsuit or proceeding; the highly competitive nature of our industry; our dependence on a limited number of customers; the ability of our customers, including our largest customers, to terminate or reduce the amount of work, or in some cases prices paid for services on short or no notice under our contracts; the impact of any unionized workforce on our operations, including labor availability and relations; liabilities associated with multiemployer union pension plans, including underfunding liabilities, for our operations that employ unionized workers; any liquidity issues related to our securities held for sale; the adequacy of our insurance, legal and other reserves and allowances for doubtful accounts; any exposure related to our divested state Department of Transportation projects and assets; restrictions imposed by our credit facility, senior notes, convertible notes and any future loans or securities; the outcome of our plans for future operations, growth and services, including business development efforts, backlog and acquisitions; any dilution or stock price volatility which shareholders may experience in connection with shares we may issue as consideration for earn-out obligations in connection with past or future acquisitions, or as a result of conversions of convertible notes or other stock issuances; as well as other risks detailed in our filings with the Securities and Exchange Commission. Actual results may differ significantly from results expressed or implied in these statements. We do not undertake any obligation to update forward-looking statements.

SOURCE MasTec, Inc.

Elite Staffing Company LLC Brings "Insider" Approach to Hiring

Tue, 07 Feb 2012 21:16:30 +0000

Elite Staffing Company LLC Brings "Insider" Approach to Hiring

Dallas entrepreneur turns executive experience into new venture designed to help companies find the perfect employees.

PR Newswire

DALLAS, Feb. 7, 2012 /PRNewswire/ -- For more than a decade, Renay Kennedy spent much of her time as an executive interviewing staffing companies and search firms that never seemed to fully understand her company's needs. A year ago, after her employer was sold and the offices moved to Pittsburgh, she decided to step out from behind the desk and become an entrepreneur.

Her new venture, Elite Staffing Company LLC, brings a fresh approach to administrative and legal staffing and hiring designed around the insight Kennedy gained as a former customer.

"I've been on the other side of the desk and that gives me a unique perspective when I sit down with an executive or manager and discuss their needs," Kennedy said. "Any staffing company can send you candidates, but it's more than that. It's also about making sure you deliver candidates who fit the corporate culture, have the right work ethics, personality and other traits that are exactly what the client wants. It's about attention to ALL the details."

Kennedy is focusing on businesses in the Dallas-Fort Worth area with at least 100 employees in the real estate, legal, healthcare, insurance, retail, banking/investments, technology and IT fields. With the economy providing a wealth of talent looking for positions, Kennedy points out this is an opportunity for companies to find employees who fit their exact needs.

"Each industry has its own unique needs and that's where we excel," said Kennedy. "We provide flexible staffing options and work closely with clients to find the most appropriate staffing solutions."

Elite Staffing places short-term, long-term, temporary-to hire, contract and permanent positions as well as offering the option to hire as needed, especially for clients who have the need to staff mission-critical projects to meet tight deadlines. The company can also provide support in areas such as software training and quarterly career training modules.

In addition, the company provides resume preparation for job candidates along with job search counseling for both temporary and direct-hire employment through personal evaluation and skills assessment.

"We act as the liaison between the hiring professional and the candidate to ensure every aspect of the job requirement is clearly and accurately communicated," said Kennedy. "With this comprehensive approach, we actually act as part of our clients' HR team to save them time and money. We even provide a 30-day replacement guarantee."

More information on Elite Staffing Company LLC is available at www.elitestaffingcompany.com or by calling (817) 897-6896.

SOURCE Elite Staffing Company LLC

CEB Acquires Leading Talent Management Firm Valtera

Tue, 07 Feb 2012 21:06:00 +0000

CEB Acquires Leading Talent Management Firm Valtera

Company Creates Leading Authority on Workforce Performance by Fusing Valtera's World-Class Science with CLC Genesee's Foremost Management Insights

PR Newswire

ARLINGTON, Va., Feb. 7, 2012 /PRNewswire/ -- Corporate Executive Board (CEB) (NYSE: EXBD) today announced that it has acquired Valtera, a global talent management company with assets including a lauded team of organizational psychologists, an innovative technology platform, an extensive list of Fortune 100 clients, and premier customer satisfaction scores. Through the acquisition, CEB creates a leading resource for insight and support on employers' most pressing challenges – hiring, engaging and developing talent. The solutions will be brought to market as CEB Valtera.

"The ability to select, assess, manage and motivate talent is the single biggest lever companies can pull to improve corporate performance, but too often corporate leaders lack the analytic power to drive great outcomes," said Tom Monahan, Chairman and CEO, CEB. "We believe that companies can create competitive advantage by approaching talent investments with the same rigor that they apply to other key business decisions. With the acquisition and integration of Valtera, CEB is giving them the tools to do just that. We're delivering the science to make informed decisions, the best practice to turn insight into performance, and the technology to manage change and transform the organization."

"Valtera was born out of a commitment to the application of science in the workplace and the advancement of the IO psychology profession," said William Macey, founder and CEO, Valtera. "We are thrilled to become part of CEB as the company not only values our commitment, but is dedicated to ensuring that companies put great ideas into action. CEB's global service footprint, unrivaled library of best practices in talent management, and multi-functional view on business performance will greatly expand the support we can bring to our clients. We believe that the combined power of Valtera and CLC Genesee will bring an unmatched ability to help clients drive tangible business results through enhanced employee productivity."

"In acquiring Valtera, CEB gains a rich data set, powerful analytic capabilities and a group of dedicated, respected industry leaders—including Bill Macey, Nancy Tippins and Mort McPhail," Monahan added. "By combining these capabilities with those that reside with our CLC Genesee team, CEB is uniquely qualified to help global enterprises drive productivity and business outcomes based on talent and employee-engagement decisions. CEB Valtera expands our platform for disseminating exceptional ideas, technology and performance improvement resources to an expansive list of Global 2000 companies."

In addition to increasing CEB's market share in the employee engagement arena, the Valtera acquisition represents the addition of new employee assessment and selection capabilities. The acquisition also expands CEB's domestic footprint with new offices in Greater Chicago, Ill. and Houston, Tex. The company will also acquire European offices in Amsterdam and Prague. The combined entity boasts the highest customer satisfaction rates in the industry with client renewals topping 80 percent.

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

About Corporate Executive Board

By identifying and building on the proven best practices of the world's best companies, CEB helps senior executives and their teams drive corporate performance. CEB offers comprehensive data analysis, research and advisory services that align to executive leadership roles and key recurring decisions. CEB tools, insights, and analysis empower member companies to focus efforts, move quickly, and address emerging and enduring business challenges with confidence. CEB's client and member network includes 85 percent of the Fortune 500, 50 percent of the Dow Jones Asian Titans, and 70 percent of the FTSE 100. It spans more than 50 countries, 5,300 individual organizations, and 225,000 business professionals. For more information, visit www.executiveboard.com.

SOURCE Corporate Executive Board

Arthur J. Gallagher & Co. Acquires Detlefs Johnson & Partners

Tue, 07 Feb 2012 21:05:03 +0000

Arthur J. Gallagher & Co. Acquires Detlefs Johnson & Partners

PR Newswire

ITASCA, Ill., Feb. 7, 2012 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Detlefs Johnson & Partners located in Baton Rouge, Louisiana. Terms of the transaction were not disclosed.

With operations dating back to the 1970s, Detlefs Johnson & Partners offers a wide range of employee benefit consultation, human resource and insurance benefit brokerage services for their clients throughout the southern and central United States. They specialize in group health, life, disability, dental, retirement planning and human resource services. Philip Detlefs, Gary Johnson, Amanda Hamilton and their associates will continue to operate in their current location under the direction of John Neumaier, South Central Regional Executive Vice President of Gallagher's employee benefit consulting and brokerage operations.

"Detlefs Johnson is another fine example of how our merger strategy is designed to add depth to our geographic presence and our client capabilities," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "Over the years, their team has developed a reputation for outstanding client service which will be a wonderful complement to our employee benefits operations in Louisiana. We are pleased to welcome Phil, Gary, Amanda and their colleagues to our growing Gallagher family of professionals."

Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, is headquartered in Itasca, Illinois, has operations in 17 countries and offers client-service capabilities in more than 110 countries around the world through a network of correspondent brokers and consultants.

Contact: Marsha J. Akin
Director - Investor Relations
630-285-3501 – marsha_akin@ajg.com

SOURCE Arthur J. Gallagher & Co.

The Corporate Executive Board Company Reports Fourth Quarter Results; Acquires Valtera Corporation

Tue, 07 Feb 2012 21:05:00 +0000

The Corporate Executive Board Company Reports Fourth Quarter Results; Acquires Valtera Corporation

CEB Reports Revenue Growth of 14.3%, Contract Value Growth of 11.7%, Increases Quarterly Cash Dividend, and Provides 2012 Guidance

PR Newswire

ARLINGTON, Va., Feb. 7, 2012 /PRNewswire/ -- The Corporate Executive Board Company ("CEB" or the "Company") (NYSE: EXBD) today announces financial results for the fourth quarter and year ended December 31, 2011. Revenues from continuing operations increased 14.3% to $132.0 million for the fourth quarter of 2011 from $115.5 million for the fourth quarter of 2010. Income from continuing operations for the fourth quarter of 2011 was $19.9 million, or $0.59 per diluted share, compared to $11.5 million, or $0.33 per diluted share, for the same period of 2010.

For 2011, revenues from continuing operations were $484.7 million, a 12.1% increase from $432.4 million for 2010. Income from continuing operations for 2011 was $57.4 million, or $1.67 per diluted share, compared to $52.1 million, or $1.51 per diluted share, for the same period of 2010.

As previously reported, Toolbox.com was sold on December 30, 2011. Accordingly, its results have been accounted for as discontinued operations. For the fourth quarter and year ended December 31, 2011, revenues for Toolbox.com were $1.0 million and $5.3 million, respectively, and loss from discontinued operations, net of tax, was $2.9 million, or $0.09 per diluted share, and $4.8 million, or $0.14 per diluted share, respectively. Included in the loss from discontinued operations for the fourth quarter and year ended December 31, 2011 was a $3.5 million pre-tax loss on disposal, or $0.07 per diluted share.

Contract Value at December 31, 2011 increased 11.7% to $499.4 million compared to $447.1 million at December 31, 2010. Wallet retention rate at December 31, 2011 was 100% compared to 101% at December 31, 2010. Contract Value per member institution increased 2.6% at December 31, 2011 to $87,040 from $84,808 at December 31, 2010.

"Our fourth quarter outcomes reflect continued solid performance by our team against a backdrop of mixed market conditions," said CEB Chairman and Chief Executive Officer Thomas Monahan. "As planned, we saw strong revenue growth and increased operating leverage in the quarter, and we are well set up for continued growth in 2012.

"I'm also pleased today to announce the acquisition of Valtera, which brings us analytic depth, robust technology, and extremely talented people in the important HR space. By combining Valtera with our growing CLC and CLC Genesee businesses, we further deepen our already rich array of insights, data, and tools for helping members manage talent. Our integrated tools and resources will give leaders in HR and beyond the science to make decisions, the management best practice to turn insight into performance, and the technology to transform complex organizations.

"We enter 2012 with an improved business portfolio, a very strong team focused on immediate member impact, and expectations for sustained progress in the year ahead."

OUTLOOK FOR 2012

The Company's 2012 annual guidance is as follows: Revenues of $535 to $555 million; Non-GAAP diluted earnings per share of $1.75 to $2.00; Depreciation and amortization expense of $20 to $22 million; capital expenditures of $12 to $15 million; and an Adjusted EBITDA margin of between 23.0% and 24.0%.

QUARTERLY DIVIDEND

The Company is increasing its quarterly dividend 17% to $0.175 per share from $0.15 per share. The Company will fund its dividend payments with cash on hand and cash generated from operations. The dividend is payable on March 30, 2012 to stockholders of record on March 15, 2012.

NON-GAAP FINANCIAL MEASURES

This press release and the accompanying tables, as well as earnings discussions, includes a discussion of Adjusted EBITDA, Adjusted net income, and Non-GAAP diluted earnings per share, which are non-GAAP financial measures provided as a complement to the results provided in accordance with accounting principles generally accepted in the United States of America ("GAAP"). The term "Adjusted EBITDA" refers to a financial measure that we define as net income before loss from discontinued operations, net of provision for income taxes; interest income, net; depreciation and amortization; provision for income taxes; costs associated with exit activities; restructuring costs; and gain on acquisition. The term "Adjusted net income" refers to net income before loss from discontinued operations, net of provision for income taxes and excludes the after tax effects of costs associated with exit activities, restructuring costs, and gain on acquisition. "Non-GAAP diluted earnings per share" refers to diluted earnings per share before the per share effect of loss from discontinued operations, net of provision for income taxes and excludes the after tax per share effects of costs associated with exit activities, restructuring costs, and gain on acquisition.

We believe that Adjusted EBITDA, Adjusted net income, and Non-GAAP diluted earnings per share are relevant and useful supplemental information for our investors. We use these non-GAAP financial measures for internal budgeting and other managerial purposes, when publicly providing the Company's business outlook and as a measurement for potential acquisitions. A limitation associated with Adjusted EBITDA is that it does not reflect the periodic costs of certain capitalized tangible and intangible assets used in generating revenues in our business. Management evaluates the costs of such tangible and intangible assets through other financial measures such as capital expenditures. Management compensates for these limitations by also relying on the comparable GAAP financial measure of Operating profit, which includes depreciation and amortization.

These non-GAAP measures may be considered in addition to results prepared in accordance with GAAP, but they should not be considered a substitute for, or superior to, GAAP results. We intend to continue to provide these non-GAAP financial measures as part of our future earnings discussions and, therefore, the inclusion of these non-GAAP financial measures will provide consistency in our financial reporting.

A reconciliation of these non-GAAP measures to the most directly comparable GAAP measure is provided below.


	Three Months Ended December 31,		Year Ended December 31,
	2011	2010	2011	2010
Net income	$ 16,950	$ 10,761	$ 52,655	$ 40,363
Loss from discontinued operations, net of provision for income taxes	2,923	708	4,792	11,736
Income from continuing operations/Adjusted net income	19,873	11,469	57,447	52,099
Interest expense (income), net	13	(410)	(596)	(1,526)
Depreciation and amortization	4,702	4,967	16,928	18,039
Provision for income taxes	14,055	7,840	38,860	34,015
Adjusted EBITDA	$ 38,643	$ 23,866	$112,639	$102,627

There were no adjustments that required a reconciliation of net income before loss from discontinued operations to Adjusted net income or GAAP diluted earnings per share before the per share effect of loss from discontinued operations to Non-GAAP diluted earnings per share for the three months and years ended December 31, 2011 and 2010, respectively.

With respect to the Company's 2012 annual guidance, reconciliations of GAAP diluted earnings per share to Non-GAAP diluted earnings per share, net income to Adjusted net income, and net income to Adjusted EBITDA as projected for 2012 are not provided because the Company cannot, without unreasonable effort, determine the components of net income and GAAP diluted earnings per share to provide reconciliations for 2012 with certainty at this time.

INVESTOR DAY

CEB will hold its annual Investor Day for institutional investors and sell-side analysts at its Waterview headquarters in Arlington, Virginia on Thursday, May 17, 2012. At the Investor Day, members of the Company's senior leadership team will review the Company's business portfolio, strategy for growth, and financial performance. The Investor Day is by invitation only and registration is required. It will also be webcast live via the Internet on the Company's web site and a replay will be available following the event.

FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements using words such as "estimates," "expects," "anticipates," "projects," "plans," "intends," "believes," "forecasts" and variations of such words or similar expressions are intended to identify forward-looking statements. In addition, statements about anticipated future financial results, such as our 2012 annual guidance, are forward-looking statements. You are hereby cautioned that these statements are based upon our expectations at the time we make them and may be affected by important factors including, among others, the factors set forth below and in our filings with the U.S. Securities and Exchange Commission, and consequently, actual operations and results may differ materially from the results discussed in the forward-looking statements. Our expectations, beliefs and projections are expressed in good faith and we believe there is a reasonable basis for them. Factors that could cause actual results to differ materially from those indicated by forward-looking statements include, among others, our dependence on renewals of our membership-based services, the sale of additional programs to existing members and our ability to attract new members, our potential failure to adapt to changing member needs and demands, our potential inability to attract and retain a significant number of highly skilled employees, risks associated with the results of restructuring plans, fluctuations in operating results, our potential inability to protect our intellectual property rights, our potential exposure to loss of revenue resulting from our unconditional service guarantee, exposure to litigation related to our content, various factors that could affect our estimated income tax rate or our ability to use our existing deferred tax assets, changes in estimates or assumptions used to prepare our financial statements, our potential inability to make, integrate and maintain acquisitions and investments, the amount and timing of the benefits expected from acquisitions and investments, and our potential inability to effectively anticipate, plan for and respond to changing economic and financial markets conditions, especially in light of ongoing uncertainty in the worldwide economy and possible volatility of our stock price. These and other factors are discussed more fully in the "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Risk Factors" sections of our filings with the U.S. Securities and Exchange Commission, including, but not limited to, our 2010 Annual Report on Form 10-K. The forward-looking statements in this press release are made as of February 7, 2012, and we undertake no obligation to update any forward-looking statements, whether as a result of new information, future events, or otherwise.

ABOUT THE CORPORATE EXECUTIVE BOARD COMPANY

By identifying and building on the proven best practices of the world's best companies, CEB helps senior executives and their teams drive corporate performance. CEB offers comprehensive data analysis, research and advisory services that align to executive leadership roles and key recurring decisions. CEB tools, insights, and analysis empower member companies to focus efforts, move quickly, and address emerging and enduring business challenges with confidence. CEB's client and member network includes 85 percent of the Fortune 500, 50 percent of the Dow Jones Asian Titans, and 70 percent of the FTSE 100. It spans more than 50 countries, 5,700 individual organizations, and 225,000 business professionals. For more information, visit www.executiveboard.com.

THE CORPORATE EXECUTIVE BOARD COMPANY
Financial Highlights and Other Operating Statistics


	Selected	Three Months Ended		Selected	Year Ended
	Percentage	December 31,		Percentage	December 31,
	Changes	2011	2010	Changes	2011	2010
		(Unaudited)			(Unaudited)
Financial Highlights:
(In thousands, except per share data)
Revenues from continuing operations	14.3%	$ 131,951	$ 115,479	12.1%	$ 484,663	$ 432,431
Income from continuing operations		19,873	11,469		57,447	52,099
Loss from discontinued operations,
net of provision for income taxes		(2,923)	(708)		(4,792)	(11,736)
Net income		$ 16,950	$ 10,761		$ 52,655	$ 40,363


Other Operating Statistics:
Contract Value (in thousands)*				11.7%	$ 499,424	$ 447,051
Member institutions				8.9%	5,738	5,271
Contract Value per member institution				2.6%	$ 87,040	$ 84,808
Wallet retention rate**					100%	101%

*	We define "Contract Value," at the end of the quarter, as the aggregate annualized revenue attributed to all agreements in effect on such date, without regard to the remaining duration of any such agreement.

**	We define "Wallet retention rate," at the end of the quarter, as the total current year Contract Value from prior year members as a percentage of the total prior year Contract Value.

THE CORPORATE EXECUTIVE BOARD COMPANY
Statements of Operations
(In thousands, except per share data)

	Three Months Ended		Year Ended
	December 31,		December 31,
	2011	2010	2011	2010
	(Unaudited)		(Unaudited)
Revenues	$ 131,951	$ 115,479	$ 484,663	$ 432,431

Cost and expenses:
Cost of services	43,302	42,117	167,258	153,283
Member relations and marketing	35,923	35,039	142,324	121,239
General and administrative	14,635	15,309	61,668	56,896
Depreciation and amortization	4,702	4,967	16,928	18,039
Total costs and expenses	98,562	97,432	388,178	349,457

Operating profit	33,389	18,047	96,485	82,974
Other income (expense), net(1)	539	1,262	(178)	3,140
Income from continuing operations
before provision for income taxes	33,928	19,309	96,307	86,114
Provision for income taxes	14,055	7,840	38,860	34,015
Income from continuing operations	19,873	11,469	57,447	52,099
Loss from discontinued operations, net of provision for income taxes	(2,923)	(708)	(4,792)	(11,736)
Net income	$ 16,950	$ 10,761	$ 52,655	$ 40,363

Basic earnings (loss) per share	$ 0.51	$ 0.31	$ 1.55	$ 1.18
Continuing operations	0.60	0.33	1.69	1.52
Discontinued operations	$ (0.09)	$ (0.02)	$ (0.14)	$ (0.34)

Diluted earnings (loss) per share	$ 0.50	$ 0.31	$ 1.53	$ 1.17
Continuing operations	0.59	0.33	1.67	1.51
Discontinued operations	$ (0.09)	$ (0.02)	$ (0.14)	$ (0.34)

Weighted average shares outstanding
Basic	33,298	34,310	34,071	34,256
Diluted	33,583	34,666	34,419	34,553

Percentages of Revenues
Cost of services	32.8%	36.5%	34.5%	35.4%
Member relations and marketing	27.2%	30.3%	29.4%	28.0%
General and administrative	11.1%	13.3%	12.7%	13.2%
Depreciation and amortization	3.6%	4.3%	3.5%	4.2%
Operating profit	25.3%	15.6%	19.9%	19.2%
Adjusted EBITDA(2)	29.3%	20.7%	23.2%	23.7%


(1)	Other income (expense), net for the three months ended December 31, 2011 includes a $0.9 million increase in the fair value of deferred compensation plan assets offset by a $0.4 million foreign currency loss. Other income (expense), net for the three months ended December 31, 2010 includes $0.4 million of interest income, a $0.9 million increase in the fair value of deferred compensation plan assets, and a $0.1 million foreign currency gain offset by other expense of $0.1 million. Other income (expense), net for the year ended December 31, 2011 includes $0.6 million of net interest income offset by a $0.5 million decrease in the fair value of deferred compensation plan assets and a $0.3 million foreign currency loss. Other income (expense), net for the year ended December 31, 2010 includes $1.5 million of interest income, a $1.7 million increase in the fair value of deferred compensation plan assets, and a $0.1 million foreign currency gain offset by $0.2 million of other expense.

(2)	See "NON-GAAP Financial Measures" for further explanation.

THE CORPORATE EXECUTIVE BOARD COMPANY
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands)

		Dec. 31, 2011		Dec. 31, 2010
		(Unaudited)
Assets
Current assets:
Cash and cash equivalents	$	133,429	$	102,498
Marketable securities		3,794		10,114
Membership fees receivable, net		154,255		141,322
Deferred income taxes, net		17,844		18,727
Deferred incentive compensation		17,330		15,710
Prepaid expenses and other current assets		21,624		10,388
Total current assets		348,276		298,759

Deferred income taxes, net		20,490		43,524
Marketable securities		6,722		10,850
Property and equipment, net		80,981		83,140
Goodwill		29,492		29,266
Intangible assets, net		13,581		13,828
Other non-current assets		34,150		30,782
Total assets	$	533,692	$	510,149

Liabilities and stockholders' equity
Current liabilities:
Accounts payable and accrued liabilities	$	46,067	$	52,439
Accrued incentive compensation		37,884		40,719
Deferred revenues		284,935		251,200
Total current liabilities		368,886		344,358

Deferred income taxes		1,436		679
Other liabilities		83,806		82,296
Total liabilities		454,128		427,333

Total stockholders' equity		79,564		82,816
Total liabilities and stockholders' equity	$	533,692	$	510,149

THE CORPORATE EXECUTIVE BOARD COMPANY
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
	Year Ended
	December 31,
	2011		2010
CASH FLOWS FROM OPERATING ACTIVITIES:	(Unaudited)
Net income	$	52,655	$	40,363
Adjustments to reconcile net income to net cash flows provided by
operating activities:
Loss on disposal of discontinued operations		3,503		-
Impairment loss		-		12,645
Depreciation and amortization		17,710		20,462
Deferred income taxes		21,211		(11,628)
Share-based compensation		8,118		7,490
Excess tax benefits from share-based compensation arrangements		(1,949)		(942)
Foreign currency translation loss		330		-
Amortization of marketable securities premiums		194		357
Changes in operating assets and liabilities:
Membership fees receivable, net		(13,088)		(13,231)
Deferred incentive compensation		(1,723)		(5,989)
Prepaid expenses and other current assets		(11,517)		(446)
Other non-current assets		(2,661)		(5,387)
Accounts payable and accrued liabilities		(5,464)		(2,792)
Accrued incentive compensation		(2,708)		12,744
Deferred revenues		34,200		22,413
Other liabilities		1,440		9,036
Net cash flows provided by operating activities		100,251		85,095

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment		(10,203)		(8,322)
Acquisition of businesses, net of cash acquired		(6,193)		(13,957)
Proceeds from sale of discontinued operations		1,779		-
Cost method investment		(150)		-
Maturities of marketable securities		9,845		22,381
Net cash flows (used in) provided by investing activities		(4,922)		102

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from the exercise of common stock options		1,660		436
Proceeds from the issuance of common stock under the
employee stock purchase plan		502		451
Acquisition of businesses, contingent consideration		(3,650)		-
Credit facility issuance costs		(542)		-
Excess tax benefits from share-based compensation arrangements		1,949		942
Purchases of treasury shares		(43,308)		(1,237)
Payment of dividends		(20,426)		(15,051)
Net cash flows used in financing activities		(63,815)		(14,459)

Effect of exchange rates on cash		(583)		-

NET INCREASE IN CASH AND CASH EQUIVALENTS		30,931		70,738
Cash and cash equivalents, beginning of period		102,498		31,760

Cash and cash equivalents, end of period	$	133,429	$	102,498


THE CORPORATE EXECUTIVE BOARD COMPANY Pro Forma Statements of Operations

	Three Months Ended December 31, 2011				Three Months Ended December 31, 2010
	GAAP, as reported	Discontinued Operations	Pro Forma Operations	GAAP, as reported		Discontinued Operations	Pro Forma Operations
Revenues	$131,951	$ 1,037	$132,988	$115,479		$ 1,563	$117,042
Costs and expenses:
Cost of services	43,302	961	44,263	42,117		786	42,903
Member relations and marketing	35,923	320	36,243	35,039		694	35,733
General and administrative	14,635	508	15,143	15,309		947	16,256
Depreciation and amortization	4,702	186	4,888	4,967		205	5,172
Loss on disposal of discontinued operations	-	3,503	3,503	-		-	-
Total costs and expenses	98,562	5,478	104,040	97,432		2,632	100,064
Operating profit	33,389	(4,441)	28,948	18,047		(1,069)	16,978
Other income (expense), net	539	-	539	1,262		-	1,262
Income from continuing operations before provision for income taxes	33,928	(4,441)	29,487	19,309		(1,069)	18,240
Provision for income taxes	14,055	(1,518)	12,537	7,840		(361)	7,479
Income from continuing operations	19,873	(2,923)	16,950	11,469		(708)	10,761
Discontinued operations:
Loss from discontinued operations	(4,441)	4,441	-	(1,069)		1,069	-
Provision for income taxes	(1,518)	1,518	-	(361)		361	-
Loss from discontinued operations, net of provision for income taxes	(2,923)	2,923	-	(708)		708	-
Net income	$ 16,950	$ -	$ 16,950	$ 10,761		$ -	$ 10,761

Adjusted EBITDA
	Three Months Ended December 31, 2011			Three Months Ended December 31, 2010
	GAAP, as reported	Discontinued Operations	Pro Forma Operations		GAAP, as reported	Discontinued Operations	Pro Forma Operations
Income (loss) from operations	$19,873	$(2,923)	$16,950		$11,469	$(708)	$ 10,761
Interest expense (income)	13	-	13		(410)	-	(410)
Depreciation and amortization	4,702	186	4,888		4,967	205	5,172
Loss on disposal of discontinued operations	-	3,503	3,503		-	-	-
Provision for income taxes	14,055	(1,518)	12,537		7,840	(361)	7,479
Adjusted EBITDA	$38,643	$ (752)	$37,891		$23,866	$(864)	$23,002
Adjusted EBITDA margin	29.3%		28.5%		20.7%		19.7%


THE CORPORATE EXECUTIVE BOARD COMPANY Pro Forma Statements of Operations
	Year Ended December 31, 2011			Year Ended December 31, 2010
	GAAP, as reported	Discontinued Operations	Pro Forma Operations		GAAP, as reported	Discontinued Operations	Pro Forma Operations
Revenues	$484,663	$ 5,251	$489,914		$432,431	$ 6,476	$438,907
Costs and expenses:
Cost of services	167,258	3,202	170,460		153,283	2,486	155,769
Member relations and marketing	142,324	2,115	144,439		121,239	2,651	123,890
General and administrative	61,668	2,930	64,598		56,896	3,975	60,871
Depreciation and amortization	16,928	782	17,710		18,039	2,423	20,462
Impairment loss	-	-	-		-	12,645	12,645
Loss on disposal of discontinued operations	-	3,503	3,503		-	-	-
Total costs and expenses	388,178	12,532	400,710		349,457	24,180	373,637
Operating profit	96,485	(7,281)	89,204		82,974	(17,704)	65,270
Other income (expense), net	(178)	-	(178)		3,140	-	3,140
Income from continuing operations before provision for income taxes	96,307	(7,281)	89,026		86,114	(17,704)	68,410
Provision for income taxes	38,860	(2,489)	36,371		34,015	(5,968)	28,047
Income from continuing operations	57,447	(4,792)	52,655		52,099	(11,736)	40,363
Discontinued operations:
Loss from discontinued operations	(7,281)	7,281	-		(17,704)	17,704	-
Provision for income taxes	(2,489)	2,489	-		(5,968)	5,968	-
Loss from discontinued operations, net of provision for income taxes	(4,792)	4,792	-		(11,736)	11,736	-
Net income	$ 52,655	$ -	$ 52,655		$ 40,363	$ -	$ 40,363

Adjusted EBITDA
	Year Ended December 31, 2011			Year Ended December 31, 2010
	GAAP, as reported	Discontinued Operations	Pro Forma Operations		GAAP, as reported	Discontinued Operations	Pro Forma Operations
Income (loss) from operations	$ 57,447	$(4,792)	$ 52,655		$ 52,099	$(11,736)	$40,363
Interest expense (income)	(596)	-	(596)		(1,526)	-	(1,526)
Depreciation and amortization	16,928	782	17,710		18,039	2,423	20,462
Impairment loss	-	-	-		-	12,645	12,645
Loss on disposal of discontinued operations	-	3,503	3,503		-	-	-
Provision for income taxes	38,860	(2,489)	36,371		34,015	(5,968)	28,047
Adjusted EBITDA	$112,639	$(2,996)	$109,643		$102,627	$(2,636)	$99,991
Adjusted EBITDA margin	23.2%		22.4%		23.7%		22.8%

SOURCE The Corporate Executive Board Company

Global Axcess Elects Long-Time Shareholder Chris Doucet to Board of Directors

Tue, 07 Feb 2012 21:01:00 +0000

Global Axcess Elects Long-Time Shareholder Chris Doucet to Board of Directors

PR Newswire

JACKSONVILLE, Fla., Feb. 7, 2012 /PRNewswire/ -- Global Axcess Corp (OTC Bulletin Board: GAXC; the "Company"), an independent provider of self-service kiosk solutions, today announced that Chris Doucet, a long-time shareholder and CEO and portfolio manager of Doucet Asset Management, has been elected to its Board of Directors. His election fills a vacancy and keeps the board at five members, four of whom are considered independent.

Mr. Doucet began his career over 25 years ago as an assistant municipal bond trader on Wall Street and eventually leveraged his industry experience and relationships to develop a successful retail brokerage business. He is a founder and principal and serves as CEO and portfolio manager of Doucet Asset Management. His expertise and experience has proven invaluable in managing the assets and concerns of individual client accounts including: municipal and corporate bond analysis, research, and selection; equity portfolio management; investment selection; risk management and asset allocation. In addition, Mr. Doucet has significant operational experience, has sat on numerous non-public boards and has advised dozens of companies on their operations in multiple industries ranging from the financial services business to the music industry. He graduated from McNeese University, attended Tulane University Law School, and is a Series 7, Series 65, Series 63 registered representative of Institutional Securities Corporation.

Joseph M. Loughry III, Chairman of the Board of Directors of Global Axcess, commented, "Chris has been a long-standing shareholder and knows the company well. We expect he will bring a healthy review of current Company operations as well as fresh, strategic thinking to the Board. His election demonstrates our Board's commitment to continued strong corporate governance."

Mr. Doucet commented, "I am pleased with the recent strides made by management to improve the company's operating performance. I look forward to working with the Board and the management team to build on these recent accomplishments and to provide guidance on how we proceed to the next level of performance to unlock shareholder value."

About Global Axcess Corp

Headquartered in Jacksonville, Florida, Global Axcess Corp was founded in 2001 with a mission to emerge as the leading independent provider of self-service kiosk services in the United States. The Company provides turnkey ATM and other self-service kiosk management solutions that include cash and inventory management, project and account management services. Global Axcess Corp currently owns, manages or operates approximately 5,300 ATMs and DVD kiosks in its national network spanning 43 states. For more information on the Company, please visit http://www.globalaxcess.biz. For more information on Nationwide Money Services, please visit http://www.nationwidemoney.com.

Investor Relations Contacts:
Michael J. Loiacono
IR@GAXC.biz

Hayden IR:
Brett Maas or Jeff Stanlis: (646) 536-7331
Brett@haydenir.com / Jeff@haydenir.com

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements may be identified by, among other things, the use of forward-looking terminology such as: "believes," "expects," "may," "will," "should," or "anticipates," or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy that involve risks and uncertainties. Forward-looking statements give the Company's current expectations or forecasts of future events, future financial performance, strategies, expectations, competitive environment, regulation, and availability of resources. The forward-looking statements contained in this release include, among other things, statements concerning projections, predictions, expectations, estimates or forecasts as to the Company's business, financial and operational results and future economic performance, and statements of management's goals and objectives and other similar expressions concerning matters that are not historical facts. These statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements.

Other factors that could cause the Company's actual performance or results to differ from its projected results are described in its filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. You should not read forward-looking statements as a guarantee of future performance or results. They will not necessarily be accurate indications of the times at or by which such performance or results will be achieved. Forward-looking statements speak only as of the date the statements are made and are based on information available at the time those statements are made and/or management's good faith belief as of that time with respect to future events. The Company assumes no obligation to update forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information.

SOURCE Global Axcess Corp

USW Philly Oil Refinery Leaders Holding PA State Capitol Press Conference in Rotunda, 12:00 Noon, Feb. 8

Tue, 07 Feb 2012 20:45:40 +0000

USW Philly Oil Refinery Leaders Holding PA State Capitol Press Conference in Rotunda, 12:00 Noon, Feb. 8

PR Newswire

Impact of Three Refinery Shutdowns on State to be Cited

HARRISBURG, Pa., Feb. 7, 2012 /PRNewswire-USNewswire/ -- Pennsylvania leaders of the United Steelworkers (USW) will be joined by AFL-CIO President Rick Bloomingdale and invited Pennsylvania state assembly leaders in the State Capitol Rotunda on Wednesday, Feb. 8 at 12:00 Noon to cite growing concerns about the shutdown impact of three major oil refineries in Philadelphia.

(Logo: http://photos.prnewswire.com/prnh/20080131/DC12982LOGO)

Permanent closure of three oil refineries was announced last September for this year by Sunoco and ConocoPhillips, employing about 2,500 workers jobs in the Philadelphia area. The three refineries produce heating oil, diesel, jet and auto fuels -- processing more than 700,000 barrels a day of oil, or about 46 percent of the Northeast region's refining capacity. About one million Pennsylvanians use heating oil.

Union leaders from the Sunoco refineries in Philadelphia and Marcus Hook, PA, plus the ConocoPhillips refinery in Trainer, PA will be speaking and available for questions from the news media. The USW is calling for state and congressional public hearings and the search for potential buyers to keep the refineries operating.

WHAT:	Press news conference on shutdown of Philly oil refineries

WHEN:	Wednesday, February 8, 2012; 12:00 Noon

WHERE:	PA State Capitol Rotunda, Harrisburg
WHO:	Rick Bloomingdale, President, PA State AFL-CIO
	John P. DeFazio, Director, USW District 10
	Invited PA State Senate & House Legislative Members
	Jim Savage, Sunoco-Philadelphia, Local 10-1 President
	Dave Miller, Sunoco-Marcus Hook, Pa., Local 10-901 President
	Denis Stephano, ConocoPhillips-Trainer, Pa., Local 10-234 President

Contacts: Jim Deegan (AFL-CIO), 717-231-2867; editor@paaflcio.org
Gary Hubbard (USW), 202-256-8125; ghubbard@usw.org

SOURCE United Steelworkers (USW)

Governor Kasich Announces Ten-Fold Boost to Ohio's Broadband Network

Tue, 07 Feb 2012 20:10:24 +0000

Governor Kasich Announces Ten-Fold Boost to Ohio's Broadband Network

Ohio's High-Speed Network Will Lead Nation in Unprecedented Statewide Initiative to Advance Cutting Edge Research and Job Creation

PR Newswire

COLUMBUS, Ohio, Feb. 7, 2012 /PRNewswire/ -- Ohio will soon see a ten-fold boost to its broadband network speeds, which will benefit research and job-creating assets statewide. Governor John R. Kasich made the announcement at his State of the State address in Steubenville, Ohio today, highlighting the first ever state-led initiative that will leverage astonishing network speeds of 100 Gigabits (Gbps) per second to advance research and job growth across Ohio's medical research, higher education, manufacturing, engineering and technology networking corridors.

"This is a game changer for Ohio. These almost unfathomable speeds are highly sought by leading researchers and job creators in competitive markets around the world," Ohio Board of Regents Chancellor Jim Petro said. "This will solidify Ohio's standing as a technology leader thanks to the vision of our many public and private partners."

Under a recently approved agreement with Cisco and Juniper, Ohio will invest approximately $10 million to harness new innovative technology that will, in essence, "open the faucet" of Ohio's current broadband infrastructure, over 1,800 miles of fiber, from its current 10 Gbps capacity to 100 Gbps. At this speed, every one of Ohio's 1.8 million enrolled K-12 students could download an eBook simultaneously in just over two minutes.

This expansion leverages the fiber optic network operated by OARnet, a member of the Ohio Board of Regents Ohio Technology Consortium. The 100 Gbps network will connect Ohio's major metropolitan areas to northern and southern connection points of Internet2, a nationwide advanced networking consortium led by the research and education community, spanning U.S. and international institutions who are leaders in the worlds of research, academia, industry and government.

For the network, $8.1 million will fund hardware development for Phase 1, which will connect Cleveland, Columbus, Cincinnati, Dayton and Toledo by June 2012 and Phase 2 markets of Akron, Athens and Youngstown by October 2012.

Ohio public and private partners also will invest $2.3 million in a state-of-the-art innovation center that will enable and test 100 Gbps technologies and promote the development of compelling broadband, software and advanced technology applications. Located at The Ohio State University, the center will operate in research collaboration with Internet2, NSF-Future Internet Infrastructure (GENI), UC-Berkeley and other national laboratories.

Today's groundbreaking announcement is well received from many companies and organizations that currently utilize Ohio's robust technology resources:

Tom Lange, Procter & Gamble's Director of Corporate Research and Development Modeling and Simulation: "This is a big win for Ohio. It puts us on the 21st Century Digital Highway, which will help big businesses, mid-sized companies and small developing firms. At P&G, Ohio's Supercomputing capacity and the high-speed network that supports it, allows P&G to model and simulate our products, and production systems, thus lowering costs and improving consumers experiences with our products. For small and mid-sized Ohio companies, many of which are P&G suppliers, this game changing 'data highway' upgrade gives them greater access to and use of modeling & simulation that can improve their products and thus help their businesses grow and to compete globally."

Dr. Philip Payne, Associate Professor & Chair, Department of Biomedical Informatics at The Ohio State University and Executive Director for the Center for IT Innovation in Healthcare: "Analyzing complex genomic information in order to deliver healthcare informed by the most up to date science consumes massive amounts of data. Until now, the speed and capacity needed to transmit this data between research facilities and healthcare systems throughout the state was non-existent and we had to physically ship large external hard drives between institutions. At these new speeds and bandwidth, we will now be able to transmit enormous genomic data sets with the click of a button to anyone connected to the network in just minutes. This is an incredible technological breakthrough for the medical research and clinical care communities, and will lead to improvements in health for every Ohioan."

Caroline Whitacre, Vice President for Research for The Ohio State University: "Ohio's research broadband backbone is already the envy of many other states. Accelerating its capacity to 100 Gbps will make Ohio even more attractive to medical research, manufacturing, engineering and other technology sectors. This will put Ohio far ahead of the pack in university research collaboration and competition for federal grants."

For fact sheet and more information on Ohio's 100 Giabit Network and Innovation Center visit http://www.oar.net/

About the Ohio Technology Consortium (OH-TECH)
The Ohio Board of Regents Ohio Technology Consortium (OH-Tech) includes the Ohio Academic Resources Network (OARnet), the Ohio Supercomputer Center (OSC) and eStudent Services. OH-TECH serves as the umbrella organization for these three organizations, which offer innovative technology resources and services for Ohio higher education, K-12 schools and state and local government. http://oh-tech.org

SOURCE Ohio Technology Consortium (OH-TECH)

SpineSearch LLC Awarded Physician Recruiting Agreement With the Premier Healthcare Alliance

Tue, 07 Feb 2012 19:51:14 +0000

SpineSearch LLC Awarded Physician Recruiting Agreement With the Premier Healthcare Alliance

PR Newswire

NEW YORK, Feb. 7, 2012 /PRNewswire/ -- SpineSearch LLC announced today that it has been awarded an 18-month group purchasing agreement with the Premier healthcare alliance for its Physician Recruiting. February 1, the new agreement allows Premier members, at their discretion, to take advantage of special pricing and terms pre-negotiated by Premier for Physician Recruiting.

"SpineSearch LLC is honored to have the opportunity to work with one of the finest GPOs, Premier, and its members on Physician Staffing," said SpineSearch LLC CEO & Founder Nicola Hawkinson. This will allow Premier and SpineSearch to better serve the healthcare providers throughout the United States.

SpineSearch will be offering Premier alliance members the ability to tap into our network of Physicians. SpineSearch's ability to place qualified candidates to specific institutions comes from the clinical backgrounds and qualifications of the SpineSearch team, along with a substantial database of prescreened candidates. CEO and Founder, Nicola Hawkinson, uses her clinical background to expertly find and place candidates for potential employers. SpineSearch has a database filled with thousands of applicants that have pre-screening interviews with a member of the SpineSearch team and continue on to potential employers. This selection process is what differentiates SpineSearch from other recruitment agencies. Premier members will have the means to pick Physicians that are competent leaders in their field in a seamless process without the worries of negotiating terms and or pricing because of their relationship with Premier.

About the Premier healthcare alliance, Malcolm Baldrige National Quality Award recipient
Premier is a performance improvement alliance of more than 2,500 U.S. hospitals and 81,000-plus other healthcare sites using the power of collaboration to lead the transformation to high quality, cost-effective care. Owned by hospitals, health systems and other providers, Premier maintains the nation's most comprehensive repository of clinical, financial and outcomes information and operates a leading healthcare purchasing network. A world leader in helping deliver measurable improvements in care, Premier has worked with the Centers for Medicare & Medicaid Services and the United Kingdom's National Health Service North West to improve hospital performance. Headquartered in Charlotte, N.C., Premier also has an office in Washington. http://www.premierinc.com

Stay connected with Premier on Facebook, Twitter and YouTube.

About Supplier SpineSearch LLC
The SpineSearch mission is steadfast in providing a superior network between highly qualified healthcare professionals, medical specialists, and healthcare facilities. Our vision is to provide a cutting edge network within the medical field and its professionals. We are focused exclusively to the healthcare field and offer a unique level of expertise in the industry. SpineSearch is led by experts in the industry who are knowledgeable about every dimension of the field. We invoke a commitment to those employed in the industry, offering continued education and career building symposiums, focusing on job satisfaction and decreased turnover. A community network of medical professionals dedicated to the future of healthcare. SpineSearch is certified as a women's business enterprise through the Women's Business Enterprise National Council (WBENC), the nation's largest third party certifier of businesses owned and operated by women in the US. We recognize the commitment to supplier diversity that is embraced by corporations and government agencies today, and we can add diversity to your supply chain. http://www.spine-search.com/

Stay in touch with SpineSearch LLC on Facebook, Twitter and LinkedIn.

SOURCE SpineSearch LLC

SAE International 2012 World Congress Career Fair Offers Employment Opportunities for Engineers, Recruiting for Employers

Tue, 07 Feb 2012 19:31:33 +0000

SAE International 2012 World Congress Career Fair Offers Employment Opportunities for Engineers, Recruiting for Employers

PR Newswire

DETROIT, Feb. 7, 2012 /PRNewswire-USNewswire/ -- Companies seeking automotive engineering professionals will be able to meet with prospective candidates at the SAE 2012 World Congress Career Fair in Detroit.

The Career Fair will be held April 24-25 at Cobo Center in the lobby in front of Detroit Hall from 10 a.m. - 6 p.m.

The SAE World Congress is the industry's premiere conference for mobility engineers, offering the latest in cutting edge engineering technology. It also offers a chance for job seekers to network with an array of potential of employers from around the country. The host company for the SAE 2012 World Congress is Nissan; the tier one strategic partner is GE.

The SAE International Career Fair provides unique opportunities for engineers and professionals to explore available jobs, network with recruiters, and learn valuable career tips.

While visiting the Career Fair, job seekers can:

Browse open positions – both onsite and online
Attend a Career Development Session for career skills on Wednesday, April 25 from 1-4 p.m.
Attend a free Resume Clinic where mobility industry experts will critique resumes on Wednesday, April 25 from 10 a.m.-12 p.m.

For companies, the event presents an opportunity to find talented job seekers that can fulfill a company's unique project needs. The diversity of the SAE World Congress will mean that job seekers will come from an array of backgrounds in regards to technological skill sets and experience.

For more information on career opportunities in the mobility industry or for a list of exhibitors, please visit the SAE International Career Center online at http://www.sae.org/congress/specialevents/career.htm.

To reserve a Career Fair booth, contact Martha Schanno, SAE International Recruitment Sales Manager, at 1-724-772-7155 or email mschanno@sae.org. For more information on the SAE 2012 World Congress and/or to obtain press credentials, send your request to pr@sae.org or call 1-724-772-8522.

SAE International is a global association of more than 134,000 engineers and related technical experts in the aerospace, automotive and commercial-vehicle industries. SAE International's core competencies are life-long learning and voluntary consensus standards development. SAE International's charitable arm is the SAE Foundation, which supports many programs, including A World In Motion® and the Collegiate Design Series.

- www.sae.org -

Contact: Shawn Andreassi of SAE International, 1-724-772-8522 or pr@sae.org

SOURCE SAE International

Listen Now! U.S. Surgeon General Discusses Wellness and Prevention Initiatives on "Inside Government"

Tue, 07 Feb 2012 19:10:58 +0000

Listen Now! U.S. Surgeon General Discusses Wellness and Prevention Initiatives on "Inside Government"

PR Newswire

Listen Now! (http://www.federalnewsradio.com/216/2730859/US-Surgeon-General-encourages-Americans-to-shift-health-focus-to-wellness-and-prevention--February-3rd-2012)

WASHINGTON, Feb. 7, 2012 /PRNewswire-USNewswire/ -- Tune in now to AFGE's "Inside Government" for health and wellness tips from U.S. Surgeon General Regina Benjamin. The show, which originally aired on Friday, Feb. 3, is now available on demand.

Dr. Benjamin discussed her work to ensure Americans are healthy throughout all stages of life and encouraged listeners to shift their health focus from sickness and disease to wellness and prevention.

Common Cause President and CEO and former Congressman Bob Edgar (D-Pa.) then addressed campaign finance reform and Common Cause's efforts to remove money from politics.

Former Clinton White House senior staffer Bob Weiner discussed his experiences working in government, the value of public service and the implementation thus far of the Affordable Care Act.

Lastly, Families USA Executive Director Ron Pollack continued the Affordable Care Act discussion from the recent Health Action 2012 Conference in Washington.

Listen LIVE on Fridays at 10 a.m. on 1500 AM WFED in the D.C. area or online at www.federalnewsradio.com.

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

Follow us on Twitter, Facebook, iTunes and YouTube!
http://twitter.com/afgeradioshow
https://www.facebook.com/afgeradioshow
http://itunes.apple.com/podcast/inside-government/id212048686
http://www.youtube.com/insidegovernmenttv

"Inside Government" is a one-hour weekly nationwide radio/Internet program dedicated to issues that impact federal and D.C. government employees. The show airs each Friday at 10 a.m. on Federal News Radio 1500 AM in Washington, D.C., and online at www.federalnewsradio.com. It is also available to millions of iPod users through Apple's iTunes podcast. "Inside Government" is produced by the American Federation of Government Employees (AFGE), the nation's largest federal employee union, representing 625,000 workers in the federal government and the government of the District of Columbia.

SOURCE American Federation of Government Employees