EIN Presswire: Marketing Live Feed Press Releases

Doritos "Sling Baby" Wins 2012 USA TODAY Facebook Super Bowl Ad Meter

Wed, 08 Feb 2012 03:38:03 +0000

Doritos "Sling Baby" Wins 2012 USA TODAY Facebook Super Bowl Ad Meter

PR Newswire

MCLEAN, Va., Feb. 7, 2012 /PRNewswire/ -- The USA TODAY Facebook Super Bowl Ad Meter winner has been announced and Doritos "Sling Baby" came out on top for 2012. The ad features a grandmother who creates a way to sling her grandson – with a rubber band-like setup - across the yard to grab a Doritos bag from a taunting boy. The Facebook community rated the ad a 4.33 (on a scale of 1 to 5 stars).

The top five ads chosen by the Facebook community and their score:

Doritos – Sling Baby – 4.33
Bud Light – Weego – 4.25
Kia – A Dream Car. For Real Life. – 4.23*
Chrysler – It's Halftime In America – 4.23*
M&Ms – Ms. Brown/Just My Shell – 4.22

* In the event of a ratings tie, higher rank goes to the ad that received the larger number of votes.

The USA TODAY Facebook Super Bowl Ad meter voting was open to Facebook's more than 800 million global users. Facebook users could view, rate and share all the national ads that aired during the game. Voting began right after the first ad aired during the Super Bowl on Sunday night and continued until 6:00 p.m. ET on Tuesday. Complete results can be found at admeter.usatoday.com and facebook.com/sports as well as in Wednesday's print editions of USA TODAY.

Created in 1989 to gauge consumers' opinions about television's most expensive commercials, Ad Meter and has been a subject of great consumer interest and conversation over the years. The 2012 USA TODAY Facebook Super Bowl Ad Meter combines the industry authority of USA TODAY with the social engagement of Facebook. With the rise of social media as a tool for consumers to voice, share and discover topics of conversation, this year's collaboration between USA TODAY and Facebook for Ad Meter 2012 is an evolution of how America discusses and rates ads during and after the Super Bowl, one of the most popular ad spend days of the year.

About Facebook

Founded in February 2004, Facebook's mission is to give people the power to share and make the world more open and connected. Anyone can sign up for Facebook and interact with the people they know in a trusted environment. Facebook is a privately held company and is headquartered in Palo Alto, Calif.

About USA TODAY

USA TODAY is a multi-platform news and information media company. Founded in 1982, USA TODAY's mission is to serve as a forum for better understanding and unity to help make the USA truly one nation. Today, through its newspaper, website and mobile platforms, USA TODAY connects readers and engages the national conversation. USA TODAY, the nation's number one newspaper in print circulation with an average of more than 1.8 million daily, and USATODAY.com, an award-winning newspaper website launched in 1995, reach a combined 5.4 million readers daily. USA TODAY is a leader in mobile applications with more than ten million downloads on mobile devices. The USA TODAY brand also includes USA TODAY Education and USA TODAY Sports Weekly. USA TODAY is owned by Gannett Co., Inc. (NYSE: GCI).

SOURCE USA TODAY

Consolidated Graphics Reports Financial Results for the Quarter Ended December 2011 and Additional $70 Million Stock Repurchase Authorization

Tue, 07 Feb 2012 23:06:35 +0000

Consolidated Graphics Reports Financial Results for the Quarter Ended December 2011 and Additional $70 Million Stock Repurchase Authorization

PR Newswire

HOUSTON, Feb. 7, 2012 /PRNewswire/ -- Consolidated Graphics, Inc. (NYSE: CGX) today announced financial results for the quarter ended December 31, 2011.

Revenue for the December quarter was $283.9 million, a $15.2 million or 5.1% decrease compared to the prior year quarter. The decline in revenue compared to the prior year quarter was due to an expected $11.3 million decline in election-related business, a 3.5% decline in same-store sales, partially offset by sales growth related to acquisitions. Adjusted Operating Income for the December 2011 quarter was $20.6 million or 7.2% of revenue, compared to $30.2 million or 10.1% of revenue last year. Adjusted Net Income was $12.6 million, or $1.21 per diluted share for the quarter, compared to Adjusted Net Income of $18.7 million or $1.60 per diluted share for the prior year quarter.

Operating income, which included a $2.0 million goodwill impairment charge, was $17.6 million for the December 2011 quarter. Operating income for the prior year quarter was $28.2 million and included impairment charges of $1.0 million. Net income for the December 2011 quarter was $10.8 million or $1.04 diluted earnings per share, compared to $17.6 million or $1.50 diluted earnings per share last year.

Joe R. Davis, Chairman and Chief Executive Officer of Consolidated Graphics, commented, "Our financial performance in the current quarter was impacted by expected lower election-related business and lower than anticipated seasonal sales of both custom photo products and sales into the insurance industry. The lower sales into the insurance industry primarily related to one customer. We anticipate that the decline in business from this customer will be temporary. During the quarter, we also had non-recurring start-up expenses related to launching new hardware and platform software for certain customers, that adversely impacted the bottom line."

Mr. Davis, continued, "Our recent investments in technology, such as our WorkSmart Suite™ products are being well received by our customers and will continue to provide long-term profitable growth. We continue to differentiate our customer offerings through investments in state-of-the-art technology, printing, and fulfillment solutions. Supported by our strong balance sheet, we believe these actions will continue to drive growth over the long-term and further enhance our competitive position."

Mr. Davis concluded, "Due to the seasonal nature of sales into the custom photo product and the insurance markets, we are optimistic that we will achieve year-over-year same-store sales growth in the March 2012 quarter. Based on current market conditions, we expect the March quarter's revenue to be in the range of $265 - $275 million which assumes year-over-year same-store sales growth of up to 5%."

Share Repurchase Program Update

During the quarter, the Company purchased 239,456 shares of its common stock for $11.0 million pursuant to a share repurchase program authorizing the Company to purchase up to an aggregate of $100 million of the Company's common shares. Since beginning the share repurchase program in November 2010, the Company has purchased 1,531,549 shares of its common stock (13.0% of shares outstanding) for $69.1 million. As of December 31, 2011, the Company had 10,242,578 common shares outstanding.

Additional Share Repurchase Authorization

On February 6, 2012, the Board of Directors amended the share repurchase program by increasing the authorization to purchase the Company's common shares from $100 million to $170 million. Additionally, the expiration of the program was extended to September 30, 2013. The amended share repurchase program enables the Company to repurchase shares of its common stock in open-market purchases as well as privately negotiated transactions, pursuant to applicable securities regulations, and subject to the terms of our bank facilities, market conditions and other factors. The Board of Directors may modify, suspend, extend or terminate the program at any time. Remaining authorization under the amended share repurchase program at February 6, 2012 was $100.5 million.

A reconciliation of the non-GAAP financial measures, Adjusted EBITDA, Free Cash Flow, Adjusted Operating Income, Adjusted Operating Margin, Adjusted Net Income and Adjusted Diluted Earnings Per Share to the most directly comparable GAAP financial measures are included in the attached tables and in the related Current Report on Form 8-K filed with the Securities and Exchange Commission. The Form 8-K also includes the basis for management's use of these non-GAAP financial measures.

Consolidated Graphics, Inc. will host a conference call tomorrow, Wednesday, February 8, 2012, at 11:00 a.m. Eastern Time, to discuss its third quarter fiscal 2012 results. The conference call will be simultaneously broadcast live over the Internet on our website (www.cgx.com) and a subsequent archive of such call will also be available on our website.

Consolidated Graphics, Inc. (CGX), headquartered in Houston, Texas, is one of North America's leading general commercial printing companies. With 70 printing businesses strategically located across 27 states, Toronto, and Prague, and a presence in Asia, CGX offers an unmatched geographic footprint, unsurpassed capabilities, and unparalleled levels of convenience, efficiency and service. With locations in or near virtually every major U.S. market, CGX provides the service and responsiveness of a local printer enhanced by the economic, geographic and technological advantages of a large national organization.

Consolidated Graphics' vast and technologically advanced sheetfed and web printing capabilities are complemented by the world's largest integrated digital footprint. By coupling North America's most comprehensive printing capabilities with strategically located fulfillment centers and industry-leading technology, CGX delivers end-to-end print production and management solutions that are based on the needs of our customers to improve their results. For more information, visit www.cgx.com.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, in which the Company discusses factors it believes may affect its performance or results in the future. Forward-looking statements are all statements other than historical facts, such as statements regarding assumptions, expectations, beliefs and projections about future events or conditions. You can generally identify forward-looking statements by the appearance in such a statement of words like "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "potential," "predict," "forecast," "project," "should" or "will" or other comparable words or the negative of such words. The accuracy of the Company's assumptions, expectations, beliefs and projections depends on events or conditions that change over time and are thus susceptible to change based on actual experience, new developments and known and unknown risks, including those created by general market conditions, competition and the possibility that events may occur beyond the Company's control, which may limit its ability to maintain or improve its operating results or financial condition or acquire additional printing businesses. The Company gives no assurance that the forward-looking statements will prove to be correct and does not undertake any duty to update them. The Company's actual future results might differ from the forward-looking statements made in this press release for a variety of reasons, which include weakness in the economy, financial stability of its customers, the sustained growth of its digital printing business, seasonality of election-related business, its ability to adequately manage business expenses, including labor costs, the unfavorable outcome of legal proceedings, the lack of or adequacy of insurance coverage for its operations, the continued availability of raw materials at affordable prices, retention of its key management and operating personnel, satisfactory labor relations, the potential for additional goodwill impairment charges, its ability to identify new acquisition opportunities, negotiate and finance such acquisitions on acceptable terms and successfully absorb and manage such acquisitions in a timely and efficient manner, as well as other risks described under the heading "Risk Factors" of our Annual Report on Form 10-K and the risk factors and cautionary statements described in the other documents the Company files or furnishes from time to time with the Securities and Exchange Commission, including its Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Should one or more of the foregoing risks or uncertainties materialize, or should the Company's underlying assumptions, expectations, beliefs or projections prove incorrect, the Company's actual results may vary materially from those anticipated in its forward-looking statements, and its business, financial condition and results of operations could be materially and adversely affected.

Regulation G Reconciliation

This press release also contains references to the non-GAAP financial measures of Adjusted EBITDA, which we define as earnings, or net income, before interest, income taxes, depreciation and amortization, goodwill impairment charges, litigation and other charges, share-based compensation expense, non-cash foreign currency transaction gains and losses and net losses/gains from asset dispositions, Free Cash Flow, which we define as net cash provided by operating activities less capital expenditures plus proceeds from assets dispositions, Adjusted Operating Income, which we define as operating income before goodwill charges, litigation and other charges, share-based compensation expense, and non-cash foreign currency transaction net (gain)/loss, Adjusted Operating Margin, which we define as Adjusted Operating Income divided by sales, Adjusted Net Income, which we define as net income (loss) before goodwill charges, litigation and other charges, share-based compensation expense, non-cash foreign currency transaction net (gain)/loss, all net of tax, and Adjusted Diluted Earnings Per Share, which we define as Adjusted Net Income divided by diluted weighted average number of common shares outstanding. Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures are provided in the tables below. Management's opinion regarding the usefulness of these non-GAAP financial measures to investors and a description of the ways in which management used such measures can be found in the Current Report on Form 8-K we filed today with the Securities and Exchange Commission.

(Tables to follow) CONSOLIDATED GRAPHICS, INC. Consolidated Income Statements (In thousands, except per share amounts, and unaudited)
		Three Months Ended				Nine Months Ended
		December 31,				December 31,
		2011	2010	Change		2011	2010	Change
				$	%			$	%
Sales		$283,891	$299,111	(15,220)	(5)	$794,644	$795,934	(1,290)	-
Cost of Sales		213,969	222,297	(8,328)	(4)	605,618	602,515	3,103	1
	Gross Profit	69,922	76,814	(6,892)	(9)	189,026	193,419	(4,393)	(2)
Selling Expenses		23,149	23,471	(322)	(1)	68,411	69,078	(667)	(1)
General and Administrative Expenses		26,922	23,973	2,949	12	77,855	70,071	7,784	11
Goodwill Impairment Charge		1,984	-	1,984	nm	1,984	-	1,984	nm
Impairment and Other Charges		-	991	(991)	nm	5,281	(2,475)	7,756	nm
Other Expense		238	138	100	72	429	195	234	120
	Operating Income	17,629	28,241	(10,612)	(38)	35,066	56,550	(21,484)	(38)
Interest Expense		1,676	1,805	(129)	(7)	4,831	5,904	(1,073)	(18)
	Income before Taxes	15,953	26,436	(10,483)	(40)	30,235	50,646	(20,411)	(40)
Income Taxes		5,119	8,867	(3,748)	(42)	10,281	18,182	(7,901)	(43)
	Net Income	$10,834	$17,569	(6,735)	(38)	$19,954	$32,464	(12,510)	(39)

Earnings Per Share
	Basic	$1.05	$1.53			$1.86	$2.83
	Diluted	$1.04	$1.50			$1.83	$2.79

Weighted Average Shares Outstanding
	Basic	10,332	11,482			10,712	11,452
	Diluted	10,459	11,694			10,885	11,655

Effective Income Tax Rate		32.1%	33.5%			34.0%	35.9%

nm- not meaningful

CONSOLIDATED GRAPHICS, INC. Consolidated Balance Sheets (In thousands, except share and per share amounts, and unaudited)
	December 31, 2011			March 31, 2011

ASSETS

CURRENT ASSETS
Cash and cash equivalents	$		7,002	$	3,710
Accounts receivable, net	190,559			171,779
Inventories	55,677			50,888
Prepaid expenses	11,408			13,447
Deferred income taxes	12,137			10,787
Total current assets	276,783			250,611
PROPERTY AND EQUIPMENT, net	385,191			388,681
GOODWILL	24,681			27,124
OTHER INTANGIBLE ASSETS, net	16,391			19,376
OTHER ASSETS	10,610			12,691
	$	713,656		$	698,483
LIABILITIES AND SHAREHOLDERS' EQUITY

CURRENT LIABILITIES
Current portion of long-term debt	$	21,509		$	15,911
Accounts payable	97,970			90,100
Accrued liabilities	67,012			81,501
Total current liabilities	186,491			187,512
LONG-TERM DEBT, net of current portion	175,822			154,161
OTHER LIABILITIES	21,597			13,820
DEFERRED INCOME TAXES, net	51,236			45,629
Total liabilities	435,146			401,122
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS' EQUITY
Common stock, $.01 par value; 100,000,000 shares authorized; 10,242,578 and 11,072,053 issued and outstanding	102			110
Additional paid-in capital	161,024			170,547
Retained earnings	117,335			123,990
Accumulated other comprehensive income	49			2,714
Total shareholders' equity	278,510			297,361
	$	713,656		$	698,483

Total debt	$	197,331		$	170,072
Debt-to-total capitalization		42%			36%

CONSOLIDATED GRAPHICS, INC. Reconciliations of Non-GAAP Financial Measures (In thousands, except per share amounts, and unaudited)
	Three Months Ended								Nine Months Ended
	December 31,								December 31,
	2011					2010			2011				2010

Net income	$	10,834				$	17,569		$	19,954			$	32,464
Income taxes	5,119					8,867			10,281				18,182
Interest expense, net	1,676					1,805			4,831				5,904
Depreciation and amortization	18,663					17,087			53,774				51,373
Goodwill impairment charge	1,984					-			1,984				-
Impairment and other charges	-					991			5,281				(2,475)
Share-based compensation expense	710					798			1,853				2,573
Non-cash foreign currency transaction loss	238					138			429				195
Net (gain) loss from asset dispositions	(331)					(78)			(725)				(174)
Adjusted EBITDA	$		38,893			$	47,177		$		97,662		$	108,042

Net cash provided by operating activities	$		24,901			$	21,714		$		63,329		$	51,898
Capital expenditures	(19,710)					(25,577)			(48,813)				(51,166)
Proceeds from asset dispositions	1,795					211			2,694				2,862
Free Cash Flow	$		6,986			$	(3,652)		$		17,210		$	3,594

Operating income	$		17,629			$	28,241		$		35,066		$	56,550
Goodwill impairment charge	1,984					-			1,984				-
Impairment and other charges	-					991			5,281				(2,475)
Share-based compensation expense	710					798			1,853				2,573
Non-cash foreign currency transaction loss	238					138			429				195
Adjusted Operating Income	$		20,561			$	30,168		$		44,613		$	56,843
Adjusted Operating Margin	7.2				%	10.1		%	5.6			%	7.1			%

Net income	$			10,834		$	17,569		$		19,954		$		32,464
Goodwill impairment charge	1,984					-			1,984				-
Tax benefit of goodwill impairment charge	(774)					-			(774)				-
Impairment and other charges	-					991			5,281				(2,475)
Tax benefit of impairment and other charges	-					(386)			(1,987)				965
Share-based compensation expense, net of taxes	433					487			1,130				1,570
Non-cash foreign currency transaction loss, net of taxes	145					84			262				119
Adjusted Net Income	$			12,622		$	18,745		$		25,850		$		32,643

CONSOLIDATED GRAPHICS, INC. Reconciliations of Non-GAAP Financial Measures (In thousands, except per share amounts, and unaudited)
	Three Months Ended					Nine Months Ended
	December 31,					December 31
	2011			2010		2011			2010

Diluted earnings per share	$	1.04		$	1.50	$	1.83		$	2.79
Goodwill impairment charge	0.19			-		0.18			-
Tax benefit of Goodwill impairment charge	(.07)			-		(.07)			-
Impairment and other charges	-			.08		.49			(.21)
Tax benefit of Impairment and other charges	-			(.03)		(.18)			.08
Share-based compensation expense, net of taxes	.04			.04		.10			.13
Non-cash foreign currency transaction loss, net of taxes	.01			.01		.02			.01
Adjusted Diluted Earnings Per Share	$		1.21	$	1.60	$		2.37	$		2.80

SOURCE Consolidated Graphics, Inc.

Extraordinary Events to Manage New L3 at Santa Monica Place

Tue, 07 Feb 2012 22:59:00 +0000

Largest, Most Versatile Event Space to Fill Niche in Top Ten Beach City

Extraordinary Events, an award-winning, Los Angeles-based international meeting and event production company, is currently managing the new L3 event space at Santa Monica Place. L3 spans over 42,000-square-feet on the Dining Deck of the shopping center and is the largest and most versatile event space in Santa Monica.

With other local venues projected to be under construction in the coming years, L3 is the solution to attract meetings, events and conventions. While the city has been named as one of the top ten beach cities to visit by National Geographic and has earned accolades from Zagat for its cuisine and world-class hotels, the lack of a large venue has been a drawback. However, with the opening of L3 in the heart of downtown, Santa Monica has become a competitive gem for meetings, events and conventions.

A blank canvas, the space is customizable for any occasion from private events, product launches, location shoots, business meetings, press events, receptions, dinners or trade shows. L3 is moments from the beach and the iconic 3rd Street Promenade with ten visionary restaurants, luxury retail, easy and accessible parking and unrivaled views of the Pacific Ocean.

Extraordinary Events will manage, show, sell and consult on all aspects of the space.

To learn more about L3 visit http://www.santamonicaplace.com/Events/L3 or contact Extraordinary Events, at:

Extraordinary Events
www.extraordinaryevents.net

3 Megatrends Affecting Consumer Behavior that PR Practitioners Must Learn to Recognize, Adopt, and Yes, Take to Heart!

Tue, 07 Feb 2012 22:54:21 +0000

3 Megatrends Affecting Consumer Behavior that PR Practitioners Must Learn to Recognize, Adopt, and Yes, Take to Heart!

PR Newswire

ATLANTA, Feb. 7, 2012 /PRNewswire/ -- The Georgia Chapter of the Public Relations Society of America (www.prsageorgia.org) will hold its monthly luncheon in Atlanta on Friday, February 17, 2012.

(Logo: http://photos.prnewswire.com/prnh/20110308/CL60927LOGO )

The luncheon is the mid-day event of Real World PR 2012, the Chapter's annual daylong collegiate conference that attracts more than 200 students from all over the Southeast and beyond.

The students and Chapter PR professionals will hear Allyson Park, vice president, corporate external affairs of The Coca-Cola Company, reveal the 3 megatrends that play into everything we're doing as PR practitioners – including our budgets, our clients or our projects.

No matter if your brand is a consumer product, a nonprofit or a government agency, Park will reveal the megatrends that affect the "hearts and minds" of consumers everywhere; and forcing PR professionals, and their clients, to adapt, or run the risk of falling out of favor with increasingly savvy consumers.

As the "eyes and ears" of the world's leading brand, Park has an exceptional opportunity to study and understand consumer behavior as she travels the globe to help guide Coca-Cola's public image and affect its brand adaptation now and into the future.

The conference and luncheon will be held at the Loudermilk Center, 40 Courtland Street SE, Atlanta, with an 11:30 a.m. registration for the noon lunch and program.

CONTACT: Denise Grant at www.prsageorgia.org or 770-449-6369

SOURCE PRSA/GA

Meredith Corporation to Webcast Investor Day Presentation

Tue, 07 Feb 2012 21:44:18 +0000

Meredith Corporation to Webcast Investor Day Presentation

PR Newswire

DES MOINES, Iowa, Feb. 7, 2012 /PRNewswire/ -- Meredith Corporation (NYSE: MDP), the leading media and marketing company serving American women, announced that the Company will host an investor day on Tuesday, February 14, 2012 in New York City. The event will be webcast live.

(Logo: http://photos.prnewswire.com/prnh/20090810/CG58830LOGO)

Presentations by Meredith's senior management team will begin at 9:00 a.m. ET and are scheduled to conclude at 12:00 p.m. ET. The day will feature presentations by:

Steve Lacy - Chairman and Chief Executive Officer
Joe Ceryanec - Chief Financial Officer
Tom Harty - President National Media Group
Paul Karpowicz - President Local Media Group
Martin Reidy - President Meredith Xcelerated Marketing
Liz Schimel - Chief Digital Officer, National Media Group

To listen to the webcast and download presentation materials, visit Meredith Corporation's Investor Information section at www.meredith.com prior to the start of the event. An archive version of the audio portion of the webcast will be available on the Company's web site later that day.

Meredith Corporation (NYSE: MDP; www.meredith.com) is the leading media and marketing company serving American women. Meredith features multiple well-known national brands - including Better Homes and Gardens, Parents, Family Circle, Ladies' Home Journal, Fitness, More, American Baby, Every Day with Rachael Ray and FamilyFun- along with local television brands in fast-growing markets. Meredith is the industry leader in creating content in key consumer interest areas such as home, family, health and wellness and self-development. Meredith uses multiple distribution platforms - including print, television, online, mobile, tablets, and video - to give consumers content they desire and to deliver the messages of its advertising and marketing partners.

Additionally, Meredith uses its many assets to create powerful custom marketing solutions for many of the nation's top brands and companies. Meredith Xcelerated Marketing has significantly added to its capabilities in recent years through the acquisition of cutting-edge companies in digital, mobile, social, healthcare, database, and international marketing. Most recently, Meredith made a strategic investment in London-based Iris Worldwide, a leader in experiential marketing.

A hallmark of Meredith's business model and financial profile is its ability to consistently generate substantial free cash flow by leveraging the strength of its multi-platform portfolio. Meredith is committed to increasing Total Shareholder Return through dividend payments, share repurchases and strategic business investments. Meredith has paid a dividend for 65 straight years and increased its dividend for 19 consecutive years.

SOURCE Meredith Corporation

Car, Truck, Flower Ads Top Innis Maggiore 2012 Super Bowl Ad Survey

Tue, 07 Feb 2012 21:31:00 +0000

A survey of readers of Innis Maggiore's PositionistView digital newsletter rated TV commercials for VW, Chevy Silverado and Teleflora.com as their top picks in the 2012 Super Bowl ad Survey.

Innis Maggiore, the nation's leading advertising agency in the practice of positioning, asked readers of the Feb. 6 edition of PositionistView to select their favorite 2012 Super Bowl ads as well as the one that would most likely make them want to purchase the advertised product or service.

Respondents to the 2012 Super Bowl ad survey selected VW's "The Dog Strikes Back" TV spot as their favorite. The VW ad was selected by 26.42 percent. Second favorite was Chevy Silverado's "Apocalypse," which pulled 19.23 percent of the votes.

The Teleflora.com spot "Adriana Lima" was selected by 30.77 percent of respondents as the ad that would make them want to purchase the product or service. No clear runner-up was selected among those who made a selection on that question.

"Our PositionistView readers' judgment is consistent with the analysis we published in conjunction with the 2012 Super Bowl ad survey," said Lorraine Kessler, Innis Maggiore's principal client services and positioning strategist. "Among the thousands of readers of our newsletter, one might expect a diverse reaction to the TV commercials, but it would seem that those who voted are similarly influenced by the three factors that we believe are critical in determining the quality of an advertisement: entertainment factor, likeability and effectiveness."

Kessler's top five Super Bowl commercials were (1) Chevy Silverado: "Apocalypse," (2) Audi: "Vampire Party," (3) Chrysler: "It's Halftime in America," (4) VW: "The Dog Strikes Back" and (5) Teleflora.com: "Adriana Lima."

Innis Maggiore is the nation's leading advertising agency in the practice of positioning, building strong brand positions for companies in competitive markets. The advertising and public relations agency had 2011 capitalized billings of more than $20 million. Key clients include Alside, Aultman Health Foundation, Bank of America, Chesapeake Energy, GOJO Industries, Inc., inventors of PURELL® Instant Hand Sanitizer, Goodyear, GuideStone Financial Resources, Nickles Bakery, RTI International Metals and Republic Steel. Innis Maggiore is a member of the American Association of Advertising Agencies and the Public Relations Society of America. The company maintains a website at www.innismaggiore.com.

For more information:
Jack Wollitz
Director Public Relations
Innis Maggiore
330-492-5500 or 800-460-4111
jack@innismaggiore.com

NETGEAR® Reports Record Fourth Quarter and Full Year 2011 Results

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

NETGEAR® Reports Record Fourth Quarter and Full Year 2011 Results

PR Newswire

SAN JOSE, Calif., Feb. 7, 2012 /PRNewswire/ --

Record fourth quarter 2011 net revenue of $309.2 million, as compared to $258.5 million in the comparable prior year quarter, 20% year-over-year growth
Fourth quarter 2011 non-GAAP net income of $26.5 million, as compared to $16.1 million in the comparable prior year quarter, 65% year-over-year growth
Fourth quarter 2011 non-GAAP diluted earnings per share of $0.69, as compared to $0.44 in the comparable prior year quarter
2011 net revenue was $1.18 billion, as compared to $902.1 million in 2010, 31% year-over-year growth
2011 non-GAAP net income of $105.2 million, as compared to $62.9 million in 2010, 67% growth
2011 non-GAAP diluted earnings per share of $2.77, as compared to $1.74 in 2010
Company expects first quarter 2012 net revenue to be in the range of $310 million to $325 million, with non-GAAP operating margin in the range of 11% to 12%

NETGEAR, Inc. (NASDAQGM: NTGR), a global networking company that delivers innovative products to consumers, businesses and service providers, today reported financial results for the fourth quarter and full year ended December 31, 2011.

Net revenue for the fourth quarter ended December 31, 2011 was $309.2 million, as compared to $258.5 million for the fourth quarter ended December 31, 2010, and $301.8 million in the third quarter ended October 2, 2011. Net income, computed in accordance with GAAP, for the fourth quarter of 2011 was $22.8 million, or $0.60 per diluted share. This compared to GAAP net income of $13.6 million, or $0.37 per diluted share, for the fourth quarter of 2010, and to GAAP net income of $26.7 million, or $0.70 per diluted share, in the third quarter of 2011.

Gross margin on a non-GAAP basis in the fourth quarter of 2011 was 31.1%, as compared to 32.0% in the year ago comparable quarter, and 32.4% in the third quarter of 2011. Non-GAAP operating margin was 12.4% in the fourth quarter of 2011, as compared to 11.4% in the fourth quarter of 2010, and 12.5% in the third quarter of 2011. Non-GAAP net income was $0.69 per diluted share in the fourth quarter of 2011, as compared to non-GAAP net income of $0.44 per diluted share in the fourth quarter of 2010, and non-GAAP net income of $0.79 per diluted share in the third quarter of 2011.

The differences between GAAP and non-GAAP financial measures include adjustments, net of any tax effect, for amortization of purchased intangibles, stock-based compensation, restructuring charges, acquisition related compensation and transitional expenses, impact to cost of sales from acquisition accounting adjustments to inventory, and litigation reserves. The accompanying schedules provide a reconciliation of financial measures computed on a GAAP basis to financial measures computed on a non-GAAP basis.

Net revenue for the full year 2011 was $1.18 billion, a 31% increase as compared to $902.1 million for 2010. Net income, computed in accordance with GAAP, for 2011 was $91.4 million, or $2.41 per diluted share. This net income was an 80% increase compared to net income of $50.9 million for 2010. Earnings per share, computed in accordance with GAAP, was $1.41 per diluted share for the full year 2010.

Patrick Lo, Chairman and Chief Executive Officer of NETGEAR commented, "We are extremely pleased with our full year 2011 business performance amid a challenging macroeconomic environment. Q4 2011 represented another new record in quarterly revenue, and our full year 2011 revenue well exceeded the $1 billion mark. In the fourth quarter 2011 we benefited from strong holiday retail sales, specifically in North America. This is particularly encouraging after the strong back to school season we experienced in Q3. We also experienced healthy year-over-year growth in all three geographic regions as we continue to carry positive momentum out of a very strong third quarter. Our new products continue to exceed our expectations and enable us to gain market share."

"Our Retail Business Unit revenue was up 2% sequentially, and up 11% for the full year, while the Service Provider Business Unit was up 14% sequentially, and up 102% in 2011 as compared to 2010. The Commercial Business Unit revenue was down 8% sequentially, reflective of a shorter selling period in the quarter due to the holidays. The Commercial Business Unit revenue for the full year increased 16% as compared to 2010."

"We introduced another 18 new exciting products in the fourth quarter 2011 as we continue to build on our new product momentum. Notable products include the brand new desktop 2 and 4 Bay ReadyNAS® Duo and NV+ which were instant hits. In our managed switch lineup the new entry level 24 port Layer 2 Gigabit Managed Switch redefines price performance, and the Dual Band WiFi repeater further expanded our lead in the WiFi signal booster product segment. In January, at the Las Vegas International Consumer Electronics Show, we announced 8 new products, three of which were recipients of 2012 Innovations Design and Engineering awards: the Media Storage Router, the WiFi Dual Band Gigabit DSL Modem Router, and the mobile version of the NETGEAR Genie® home network configuration and management tool."

Christine Gorjanc, Chief Financial Officer of NETGEAR, said, "We ended the fourth quarter of 2011 with $353.7 million in cash, cash equivalents and short-term investments driven by cash flow from operations of $32.9 million. Our net inventory ended at $163.7 million, with 5.2 turns, and DSO's of 76 days in the fourth quarter 2011 in line with seasonal trends."

Looking forward, Mr. Lo added, "In these times of economic uncertainty, we continue to win market share on new product introductions. We believe our growth in 2012 will continue to be based on our strong new product pipeline and our expansion into new channels and emerging markets. Specifically, for the first quarter of 2012, we expect net revenue in the range of approximately $310 million to $325 million, with non-GAAP operating margin to be in the range of 11% to 12%."

Investor Conference Call / Webcast Details

NETGEAR will review the fourth quarter and full year 2011 results and discuss management's expectations for the first quarter of 2012 today, Tuesday, February 7, 2012 at 5 p.m. EST (2 p.m. PST). The dial-in number for the live audio call is (201) 689-8471. A live webcast of the conference call will be available on NETGEAR's website at http://investor.netgear.com. A replay of the call will be available 2 hours following the call through midnight EST (9 p.m. PST) on Tuesday, February 14, 2012 by telephone at (858) 384-5517 and via the web at http://investor.netgear.com. The account number to access the phone replay is 387561.

About NETGEAR, Inc.

NETGEAR (NASDAQGM: NTGR) is a global networking company that delivers innovative products to consumers, businesses and service providers. For consumers, the company makes high performance, dependable and easy to use home networking, storage and digital media products to connect people with the Internet and their content and devices. For businesses, NETGEAR provides networking, storage and security solutions without the cost and complexity of Big IT. The company also supplies top service providers with retail proven, whole home solutions for their customers. NETGEAR products are built on a variety of proven technologies such as wireless, Ethernet and powerline, with a focus on reliability and ease-of-use. NETGEAR products are sold in approximately 29,000 retail locations around the globe, and through approximately 36,000 value-added resellers. The company's headquarters are in San Jose, Calif., with additional offices in 25 countries. NETGEAR is an ENERGY STAR partner. More information is available at http://investor.netgear.com or by calling (408) 907-8000. Connect with NETGEAR at http://twitter.com/NETGEAR and http://www.facebook.com/NETGEAR.

© 2012 NETGEAR, Inc. NETGEAR, the NETGEAR logo, ReadyNAS and Genie are trademarks or registered trademarks of NETGEAR, Inc. in the United States and/or other countries. Other brand and product names are trademarks or registered trademarks of their respective holders. The information contained herein is subject to change without notice. NETGEAR shall not be liable for technical or editorial errors or omissions contained herein. All rights reserved.

Contact:
Joseph Villalta
The Ruth Group
(646) 536-7003
jvillalta@theruthgroup.com

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 for NETGEAR, Inc.:

This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. The words "anticipate," "expect," "believe," "will," "may," "should," "estimate," "project," "outlook," "forecast" or other similar words are used to identify such forward-looking statements. However, the absence of these words does not mean that the statements are not forward-looking. The forward-looking statements represent NETGEAR, Inc.'s expectations or beliefs concerning future events based on information available at the time such statements were made and include statements, among others, regarding NETGEAR's expected revenue and operating margin, our ability and intent to launch new product offerings and continue product development efforts, expectations regarding the Company's existing and anticipated new products, expectations for increased market share, and the Company's ability to expand into new channels and emerging markets. These statements are based on management's current expectations and are subject to certain risks and uncertainties, including, without limitation, the following: future demand for the Company's products may be lower than anticipated; consumers may choose not to adopt the Company's new product offerings or adopt competing products; product performance may be adversely affected by real world operating conditions; the Company may be unsuccessful or experience delays in manufacturing and distributing its new and existing products; telecommunications service providers may choose to slow their deployment of the Company's products or utilize competing products; the Company may be unable to collect receivables as they become due; the Company may fail to manage costs, including the cost of developing new products and manufacturing and distribution of its existing offerings; the Company may fail to successfully continue to effect operating expense savings; channel inventory information reported is estimated based on the average number of weeks of inventory on hand on the last Saturday of the quarter, as reported by certain of NETGEAR's customers; changes in the level of NETGEAR's cash resources and the Company's planned usage of such resources; changes in the Company's stock price and developments in the business that could increase the Company's cash needs, fluctuations in foreign exchange rates, and the actions and financial health of the Company's customers. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in such forward-looking statements. Further information on potential risk factors that could affect NETGEAR and its business are detailed in the Company's periodic filings with the Securities and Exchange Commission, including, but not limited to, those risks and uncertainties listed in the section entitled "Part II - Item 1A. Risk Factors," pages 48 through 67, in the Company's Quarterly Report on Form 10-Q for the quarter ended October 2, 2011, filed with the Securities and Exchange Commission on November 8, 2011. NETGEAR undertakes no obligation to release publicly any revisions to any forward-looking statements contained herein to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Use of Non-GAAP Financial Information:

To supplement our consolidated financial statements presented on a GAAP basis, NETGEAR uses non-GAAP financial measures, which are adjusted to exclude certain expenses and tax benefits, where applicable. We believe non-GAAP financial measures are appropriate to enhance an overall understanding of our past financial performance and also our prospects for the future. These adjustments to our current period GAAP results are made with the intent of providing both management and investors a more complete understanding of NETGEAR's underlying operational results and trends and our marketplace performance. For example, the non-GAAP results are an indication of our baseline performance before charges that are considered by management to be outside of our core operating results. In addition, these adjusted non-GAAP results are among the primary indicators management uses as a basis for our planning and forecasting of future periods. The presentation of this additional information is not meant to be considered in isolation or as a substitute for financial measures prepared in accordance with generally accepted accounting principles in the United States.

-Financial Tables Attached-
NETGEAR, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands)
(Unaudited)

	December 31,	December 31,
	2011	2010

ASSETS
Current assets:
Cash and cash equivalents	$ 208,898	$ 126,173
Short-term investments	144,797	144,564
Accounts receivable, net	261,307	226,731
Inventories	163,724	127,394
Deferred income taxes	23,088	19,332
Prepaid expenses and other current assets	32,415	23,850
Total current assets	834,229	668,044
Property and equipment, net	15,884	17,503
Intangibles, net	20,956	6,241
Goodwill	85,944	74,198
Other non-current assets	14,357	14,335
Total assets	$ 971,370	$ 780,321

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable	$ 117,285	$ 89,155
Accrued employee compensation	26,896	24,130
Other accrued liabilities	120,480	110,413
Deferred revenue	40,093	27,538
Income taxes payable	4,207	3,487
Total current liabilities	308,961	254,723
Non-current income taxes payable	18,657	19,719
Other non-current liabilities	4,995	5,443
Total liabilities	332,613	279,885
Stockholders' equity:
Common stock	38	36
Additional paid-in capital	364,243	316,108
Cumulative other comprehensive income	23	281
Retained earnings	274,453	184,011
Total stockholders' equity	638,757	500,436
Total liabilities and stockholders' equity	$ 971,370	$ 780,321

NETGEAR, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share data)
(Unaudited)

	Three months ended			Year ended
	December 31,	October 2,	December 31,	December 31,	December 31,
	2011	2011	2010	2011	2010

Net revenue	$ 309,155	$ 301,800	$ 258,531	$ 1,181,018	$ 902,052
Cost of revenue	214,182	205,490	177,377	811,572	602,805
Gross profit	94,973	96,310	81,154	369,446	299,247

Operating expenses:
Research and development	13,597	12,738	10,158	48,699	39,972
Sales and marketing	39,278	39,600	36,354	154,562	131,570
General and administrative	8,379	10,851	9,523	39,423	36,220
Restructuring and other charges	-	-	(12)	2,094	(88)
Litigation reserves, net	33	44	-	(201)	211

Total operating expenses	61,287	63,233	56,023	244,577	207,885
Income from operations	33,686	33,077	25,131	124,869	91,362
Interest income	127	115	124	477	426
Other income (expense), net	(198)	(267)	(176)	(1,136)	(564)
Income before income taxes	33,615	32,925	25,079	124,210	91,224
Provision for income taxes	10,780	6,178	11,457	32,842	40,315
Net income	$ 22,835	$ 26,747	$ 13,622	$ 91,368	$ 50,909

Net income per share:
Basic	$ 0.61	$ 0.71	$ 0.38	$ 2.46	$ 1.44
Diluted	$ 0.60	$ 0.70	$ 0.37	$ 2.41	$ 1.41

Weighted average shares outstanding used to compute net income per share:
Basic	37,590	37,483	35,906	37,121	35,385
Diluted	38,260	38,080	36,843	37,932	36,124

Stock-based compensation expense was allocated as follows:
Cost of revenue	$ 262	$ 259	$ 205	$ 999	$ 913
Research and development	603	606	562	$ 2,476	2,271
Sales and marketing	1,187	1,264	1,171	$ 5,136	4,710
General and administrative	1,376	1,325	1,052	$ 5,151	4,307

NETGEAR, INC.
NON-GAAP CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
Excluding amortization of purchased intangibles, stock-based compensation, restructuring, acquisition related compensation, impact to cost of sales from acquisition accounting adjustments to inventory, and litigation reserves, net of tax.
(In thousands, except per share data)
(Unaudited)

	Three months ended			Year ended
	December 31,	October 2,	December 31,	December 31,	December 31,
	2011	2011	2010	2011	2010

Net revenue	$ 309,155	$ 301,800	$ 258,531	$ 1,181,018	$ 902,052
Cost of revenue	212,872	204,167	175,849	805,306	596,599
Gross profit	96,283	97,633	82,682	375,712	305,453

Operating expenses:
Research and development	12,994	12,132	9,576	46,183	37,015
Sales and marketing	38,091	38,336	35,183	149,426	126,860
General and administrative	7,003	9,526	8,471	34,272	31,913

Total operating expenses	58,088	59,994	53,230	229,881	195,788
Income from operations	38,195	37,639	29,452	145,831	109,665
Interest income	127	115	124	477	426
Other income (expense), net	(198)	(267)	(176)	(1,136)	(564)
Income before income taxes	38,124	37,487	29,400	145,172	109,527
Provision for income taxes	11,635	7,561	13,347	39,935	46,601
Net income	$ 26,489	$ 29,926	$ 16,053	$ 105,237	$ 62,926

Net income per share:
Basic	$ 0.70	$ 0.80	$ 0.45	$ 2.83	$ 1.78
Diluted	$ 0.69	$ 0.79	$ 0.44	$ 2.77	$ 1.74

Weighted average shares outstanding used to compute net income per share:
Basic	37,590	37,483	35,906	37,121	35,385
Diluted	38,260	38,080	36,843	37,932	36,124

NETGEAR, INC.
RECONCILIATIONS OF GAAP MEASURES TO NON-GAAP MEASURES
(In thousands, except per share data)
(Unaudited)

STATEMENT OF OPERATIONS DATA:
	Three months ended			Year ended
	December 31,	October 2,	December 31,	December 31,	December 31,
	2011	2011	2010	2011	2010

GAAP gross profit	$ 94,973	$ 96,310	$ 81,154	$ 369,446	$ 299,247
Amortization of intangible assets	1,048	1,064	1,323	4,658	5,293
Stock-based compensation expense	262	259	205	999	913
Impact to cost of sales from acquisition accounting adjustments to inventory	-	-	-	609	-
Non-GAAP gross profit	$ 96,283	$ 97,633	$ 82,682	$ 375,712	$ 305,453
Non-GAAP gross margin	31.1%	32.4%	32.0%	31.8%	33.9%

GAAP research and development	$ 13,597	$ 12,738	$ 10,158	$ 48,699	$ 39,972
Stock-based compensation expense	(603)	(606)	(562)	(2,476)	(2,271)
Acquisition related compensation	-	-	(20)	(40)	(686)
Non-GAAP research and development	$ 12,994	$ 12,132	$ 9,576	$ 46,183	$ 37,015

GAAP sales and marketing	$ 39,278	$ 39,600	$ 36,354	$ 154,562	$ 131,570
Stock-based compensation expense	(1,187)	(1,264)	(1,171)	(5,136)	(4,710)
Non-GAAP sales and marketing	$ 38,091	$ 38,336	$ 35,183	$ 149,426	$ 126,860

GAAP general and administrative	$ 8,379	$ 10,851	$ 9,523	$ 39,423	$ 36,220
Stock-based compensation expense	(1,376)	(1,325)	(1,052)	(5,151)	(4,307)
Non-GAAP general and administrative	$ 7,003	$ 9,526	$ 8,471	$ 34,272	$ 31,913

GAAP total operating expenses	$ 61,287	$ 63,233	$ 56,023	$ 244,577	$ 207,885
Stock-based compensation expense	(3,166)	(3,195)	(2,785)	(12,763)	(11,288)
Restructuring and other charges	-	-	12	(2,094)	88
Acquisition related compensation	-	-	(20)	(40)	(686)
Litigation reserves, net	(33)	(44)	-	201	(211)
Non-GAAP total operating expenses	$ 58,088	$ 59,994	$ 53,230	$ 229,881	$ 195,788

NETGEAR, INC.
RECONCILIATIONS OF GAAP MEASURES TO NON-GAAP MEASURES (CONTINUED)
(In thousands, except per share data)
(Unaudited)

STATEMENT OF OPERATIONS DATA (CONTINUED):
	Three months ended			Year ended
	December 31,	October 2,	December 31,	December 31,	December 31,
	2011	2011	2010	2011	2010

GAAP operating income	$ 33,686	$ 33,077	$ 25,131	$ 124,869	$ 91,362
Amortization of intangible assets	1,048	1,064	1,323	4,658	5,293
Stock-based compensation expense	3,428	3,454	2,990	13,762	12,201
Restructuring and other charges	-	-	(12)	2,094	(88)
Acquisition related compensation	-	-	20	40	686
Impact to cost of sales from acquisition accounting adjustments to inventory	-	-	-	609	-
Litigation reserves, net	33	44	-	(201)	211
Non-GAAP operating income	$ 38,195	$ 37,639	$ 29,452	$ 145,831	$ 109,665
Non-GAAP operating margin	12.4%	12.5%	11.4%	12.3%	12.2%

GAAP net income	$ 22,835	$ 26,747	$ 13,622	$ 91,368	$ 50,909
Amortization of intangible assets	1,048	1,064	1,323	4,658	5,293
Stock-based compensation expense	3,428	3,454	2,990	13,762	12,201
Restructuring and other charges	-	-	(12)	2,094	(88)
Acquisition related compensation	-	-	20	40	686
Impact to cost of sales from acquisition accounting adjustments to inventory	-	-	-	609	-
Litigation reserves, net	33	44	-	(201)	211
Tax effect	(855)	(1,383)	(1,890)	(7,093)	(6,286)
Non-GAAP net income	$ 26,489	$ 29,926	$ 16,053	$ 105,237	$ 62,926


NET INCOME PER DILUTED SHARE:
	Three months ended			Year ended
	December 31,	October 2,	December 31,	December 31,	December 31,
	2011	2011	2010	2011	2010

GAAP net income per diluted share	$ 0.60	$ 0.70	$ 0.37	$ 2.41	$ 1.41
Amortization of intangible assets	0.03	0.03	0.04	0.12	0.15
Stock-based compensation expense	0.09	0.09	0.08	0.36	0.34
Restructuring and other charges	-	-	(0.00)	0.06	(0.00)
Acquisition related compensation	-	-	0.00	0.00	0.02
Impact to cost of sales from acquisition accounting adjustments to inventory	-	-	-	0.02	-
Litigation reserves, net	0.00	0.00	-	(0.01)	0.01
Tax effect	(0.03)	(0.03)	(0.05)	(0.19)	(0.19)
Non-GAAP net income per diluted share	$ 0.69	$ 0.79	$ 0.44	$ 2.77	$ 1.74

NETGEAR, INC.
SUPPLEMENTAL FINANCIAL INFORMATION
(In thousands, except per share data, DSO, inventory turns, weeks of channel inventory and headcount)
(Unaudited)


	Three months ended
	December 31,	October 2,	July 3,	April 3,	December 31,
	2011	2011	2011	2011	2010

Cash, cash equivalents and short-term investments	$ 353,695	$ 321,059	$ 277,896	$ 279,173	$ 270,737
Cash, cash equivalents and short-term investments per diluted share	$ 9.24	$ 8.43	$ 7.32	$ 7.48	$ 7.35

Accounts receivable, net	$ 261,307	$ 218,653	$ 209,960	$ 197,622	$ 226,731
Days sales outstanding (DSO)	76	66	66	66	78

Inventories	$ 163,724	$ 135,963	$ 137,789	$ 140,113	$ 127,394
Ending inventory turns	5.2	6.0	5.8	5.5	5.6

Weeks of channel inventory:
U.S. retail channel	7.3	10.0	10.6	9.3	9.0
U.S. distribution channel	9.0	6.6	6.6	5.4	4.7
EMEA distribution channel	5.4	4.3	5.5	4.2	3.6
APAC distribution channel	6.7	3.9	5.1	4.0	5.5

Deferred revenue	$ 40,093	$ 23,934	$ 22,843	$ 18,381	$ 27,538

Headcount	791	756	731	686	654
Non-GAAP diluted shares	38,260	38,080	37,968	37,340	36,843


NET REVENUE BY GEOGRAPHY AND SEGMENT:
	Three months ended						Year ended
	December 31,		October 2,		December 31,		December 31,		December 31,
	2011		2011		2010		2011		2010
Americas	$ 156,574	51%	$ 149,009	49%	$ 134,281	52%	$ 587,056	50%	$ 466,542	52%
EMEA	125,027	40%	119,735	40%	101,539	39%	477,713	40%	340,249	38%
APAC	27,554	9%	33,056	11%	22,711	9%	116,249	10%	95,261	10%
Total	$ 309,155	100%	$ 301,800	100%	$ 258,531	100%	$ 1,181,018	100%	$ 902,052	100%


	Three months ended						Year ended
	December 31,		October 2,		December 31,		December 31,		December 31,
	2011		2011		2010		2011		2010
Retail	$ 129,719	42%	$ 127,082	42%	$ 118,665	46%	$ 481,795	41%	$ 435,484	48%
Commercial	83,646	27%	91,059	30%	72,773	28%	331,439	28%	284,539	32%
Service Provider	95,790	31%	83,659	28%	67,093	26%	367,784	31%	182,029	20%
Total	$ 309,155	100%	$ 301,800	100%	$ 258,531	100%	$ 1,181,018	100%	$ 902,052	100%

SOURCE NETGEAR, Inc.

Weber Shandwick Hires Bradford Williams to Lead North American Technology Practice

Tue, 07 Feb 2012 20:46:50 +0000

Weber Shandwick Hires Bradford Williams to Lead North American Technology Practice

- Strengthens Global Technology Leadership Team -

PR Newswire

SAN FRANCISCO, Feb. 7, 2012 /PRNewswire/ -- Weber Shandwick, one of the world's leading global public relations firms, today announced Bradford Williams has joined the firm to lead the North American region of its Global Technology practice. Williams, who held a number of senior communications roles with leading global brands, will be based out of the firm's Sunnyvale office and report to Heidi Sinclair, president, Weber Shandwick's Global Technology practice.

Williams, with more than 25 years of technology and corporate communications experience, will lead the region's Technology practice, work with colleagues to support major client assignments and drive growth in North America.

Prior to joining Weber Shandwick, Williams served as vice president of global communications at Groupon. Before that, he held similar global and senior communications positions for leading technology companies including eBay, Yahoo! and VeriSign where he led corporate and brand positioning, elevated the companies' industry and thought leadership profiles, served as a corporate spokesman, and counseled senior management through high-profile financial transactions and other corporate issues.

"Brad is a recognized communications strategist across the industry and we are excited to have him join the team to help drive ongoing momentum and success for our technology practice," said Sinclair. "He has a strong sense of what technology clients are looking for from their agency partners. His talent, passion and experience will deliver great value to the firm and its clients."

Commenting on his appointment, Williams said: "I am very excited to be joining the firm and working alongside a world-class group of PR and technology practitioners and clients. Having experienced the firm in a client capacity, while at VeriSign, I had the unique opportunity to see Weber Shandwick's strengths and talents firsthand. I look forward to collaborating with the agency even more deeply in this new role."

Weber Shandwick's Global Technology practice is one of the largest worldwide networks of technology public relations professionals. With clients that span all segments of technology, from emerging business to some of the largest brands in the industry, Weber Shandwick's Technology practice is consistently recognized for delivering results that matter for clients in the marketplace.

About Weber Shandwick
Weber Shandwick is a leading global public relations agency with offices in 81 countries around the world. The firm's success is built on its deep commitment to client service, our people, creativity, collaboration and harnessing the power of Advocates - engaging stakeholders in new and creative ways to build brands and reputation. Weber Shandwick provides strategy and execution across practices such as consumer marketing, healthcare, technology, public affairs, financial services, corporate and crisis management. Its specialized services include digital/social media, advocacy advertising, market research, and corporate responsibility. In 2010, Weber Shandwick was named Global Agency of the Year by The Holmes Report for the second year in a row; an 'Agency of the Decade' by Advertising Age, Large PR Agency of the Year by Bulldog Reporter, a Digital Firm of the Year by PR News, and Top Corporate Responsibility Advisory Firm by CR Magazine. The firm has also won numerous 'best place to work' awards around the world. Weber Shandwick is part of the Interpublic Group (NYSE: IPG). For more information, visit http://www.webershandwick.com.

Rachel Manfredo
Weber Shandwick
212-445-8171
rmanfredo@webershandwick.com

SOURCE Weber Shandwick

Sugar Farmers Reject Bid To Remove Key Defendants From False Advertising Lawsuit Against Corn Processors

Tue, 07 Feb 2012 20:21:29 +0000

Sugar Farmers Reject Bid To Remove Key Defendants From False Advertising Lawsuit Against Corn Processors

PR Newswire

LOS ANGELES, Feb. 7, 2012 /PRNewswire/ -- Attorneys for the Sugar Association and sugar farmers it represents late Monday filed papers in federal court accusing members of the Corn Refiners Association (CRA) of attempting to evade liability for their roles in the creation and sponsorship of false advertising by the CRA about the sweetener high-fructose-corn-syrup (HFCS). Those claims by the CRA, which equate HFCS to natural sugar, have been made in a multi-million dollar advertising campaign underwritten by agricultural giants Archer-Daniels-Midland, Cargill and their allies, who are members of the CRA.

Federal Judge Consuelo B. Marshall already has ruled that the sugar farmers have shown "a reasonable probability of success on their argument that the statements are false," a conclusion to which a recent study in Metabolism lends additional scientific support. In their new filing, the sugar farmers allege that although several corporate members of the CRA voluntarily chose to fund, and "set the advertising campaign in motion and control it," in a "collaborative effort," they now seek to avoid the consequences of those acts. The new filing argues that these companies devised a "strategy to escape liability for their roles in the misconduct" in which they seek to "hide behind an inadequately capitalized trade association they control, govern and fund."

"The legal strategy of Archer-Daniels-Midland, Cargill and the other manufacturers of HFCS seems to borrow from the false advertising script by trying to paint the lawsuit as something that it is not," said the farmers' lead attorney, Adam Fox of Squire Sanders in Los Angeles. "These companies are trying to run away from the charges against them and the liability that goes with it."

Both sides are expected to be back in front of Judge Marshall next month.

SOURCE Sugar Association

OnTray Media® Launches "ROCKS, PAPER SCISSORS" Campaign

Tue, 07 Feb 2012 20:13:00 +0000

OnTray Media® Launches "ROCKS, PAPER SCISSORS" Campaign

OnTray Media® uses "rock" to make "paper" and effectively remove the need to "cut" down trees.

PR Newswire

PALM BEACH GARDENS, Fla., Feb. 7, 2012 /PRNewswire/ --OnTray Media®, the leading provider of customized advertising carriers for food and entertainment venues, now offers 42 unique designs of its patent-pending "OnTray Media®" product line in a 100% biodegradable paper and plastic alternative.

OnTray Media®'s founder, Dwight J. Smith, has created a paper replacement from a proprietary stone blend. This alternative to paper is 100% biodegradable and can hold 4-color process printing.

One of the massive benefits of Smith Paper® is that the stone compound used in its creation is easily manipulated. This allows for products from food trays to flatware to magazines to be manufactured using this 100% biodegradable alternative. This, compounded with the ability to hold 4-color process printing, makes the OnTray Media® product lines an incredibly attractive platform for advertisers.

Smith Paper® is also water resistant. Imagine your wedding album printed on water resistant paper, protecting your memories without sacrificing the quality of the pictures. This is what OnTray Media® is doing. They're effectively creating higher quality products with a substantially lower impact on our environment.

OnTray Media® is using "Rocks" to make "Paper" eliminating the need to "Cut" down trees.

About OnMedia International:
Located in Chicago, Illinois, OnMedia International, Inc. [www.ontraymedia.com] is the leading provider of customized advertising carriers for food and entertainment venues. OnMedia International offers advertisers an innovative way to communicate targeted messages and promotions on the panels of custom designed food and beverage carriers at America's leading stadiums, theaters, schools, colleges and universities, hospitals, shopping mall food courts, amusement parks, and other food and entertainment venues. OnMedia International's exciting food carriers deliver memorable consumer touch points for advertisers and reduce costs for food service providers while simultaneously promoting recycling and environmental awareness.

CONTACT:
Paul Evans
OnTray Media Public Relations
800-465-8720 ext. 4
http://www.ontraymedia.com
paul@ontraymedia.com

SOURCE OnTray Media

Icon Media Holdings, Inc. Announces New Board Member

Tue, 07 Feb 2012 20:00:00 +0000

Icon Media Holdings, Inc. (PINKSHEETS: ICNM) is pleased to announce the appointment of Lincoln Spoor as the newest member of the Icon Media Board of Directors.

Mr. Spoor is currently Founder, President and CEO of Westward Dough, LLC, a multifaceted owner and operator of restaurants and food concepts. Prior to founding Westward, Mr. Spoor spent 11 years as the Managing Director and Head of High Yield Origination with Banc of America Securities in New York.

"We are very pleased to have Lincoln join the Board and believe his contributions and insights will result in increased shareholder value," said Rob Deakin, President and CEO of Icon Media Holdings. "His experience in finance and expertise in business will assist the Company in executing its growth strategy and strategic initiatives."

About Icon Media Holdings, Inc. (ICNM):

Icon Media Holdings, Inc. is a diversified global e-commerce company. The Company currently owns and/or operates e-commerce websites including www.moviegoods.com, www.puntdogposters.com and sells globally on storefronts such as Amazon and eBay, among others. The Company also supports e-commerce companies through its financial services division IFX Financial Group. Corporate website: www.iconmediaholdings.com.

About Mr. Spoor:

Mr. Spoor received his MBA from the Tuck School of Business at Dartmouth College. In addition to Westward Dough, Lincoln sits on the Boards of Vegas Valley Angels, an early stage angel investor group in Las Vegas, NV and After School All Stars. He was also the past President of Sunrise Children's Hospital in Las Vegas.

Westward Dough, based in Las Vegas, NV, owns and operates the Krispy Kreme franchises in 5 western states, as well as Auntie Anne, Caribou Coffee and Capriotti's franchises. It also includes Kokopax.com, a designer and distributor of high end baby consumer products.

Forward-Looking Statements & Disclaimers:
The information in this Press Release includes certain "forward-looking" statements within the meaning of the Safe Harbor provisions of Federal Securities Laws, as that term is defined in section 27a of the United States Securities Act of 1933, as amended, and section 21e of the United States Securities Exchange Act of 1934, as amended. Statements in this document, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Investors are cautioned that such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date of this release, and the Company undertakes no obligation to update publicly any forward-looking statements to reflect new information, events, or circumstances after the date of this release except as required by law.

Contact:
Terry Kraemer
Phone: 919.237.5700 ext. 203
info@iconmediaholdings.com

Revinate Selected by AlwaysOn as an OnMedia Top 100 Winner

Tue, 07 Feb 2012 19:00:00 +0000

Revinate Selected by AlwaysOn as an OnMedia Top 100 Winner

Recognized for creating new opportunities in marketing, branding, advertising, and publishing.

PR Newswire

SAN FRANCISCO, Feb. 7, 2012 /PRNewswire-iReach/ -- Revinate, the leading provider of social media and online reputation management solutions for the hospitality industry, today announced that it has been chosen by AlwaysOn as one of the OnMedia Top 100 winners. Inclusion in the OnMedia 100 signifies leadership amongst its peers and game-changing approaches and technologies that are likely to disrupt existing markets and entrenched players. Revinate was specially selected by the AlwaysOn editorial team and industry experts spanning the globe based on a set of five criteria: innovation, market potential, commercialization, stakeholder value, and media buzz.

(Photo: http://photos.prnewswire.com/prnh/20120207/CG48374)

Revinate and the OnMedia Top 100 Companies will be honored at AlwaysOn's OnMedia NYC event on February 22st, 2012, at the Time Warner Center.

This two-day executive event features CEO presentations and high-level debates on which forces are disrupting user behavior and creating new opportunities in the marketing, branding, advertising, and public relations industries.

"The make-up of OnMedia 100 represents forward-thinking media companies in a year charged with disruptive change. The emergence of Web-fueled TV and the explosive growth of smartphones and tablets are challenging the media world to transform itself into a global, consumer-focused industry. Coupled with the socialization of everything, this year's digital media and entertainment startups are boldly charging into future, ready to reinvent the establishment with new, invigoration products and services," says Tony Perkins, founder and editor of AlwaysOn. "Web analytics are now embracing a social world, providing marketing and advertising companies with the targeted data that delivers on the promise of reaching consumers with meaningful, actionable messages."

The OnMedia 100 winners were selected from among hundreds of other technology companies nominated by investors, bankers, journalists, and industry insiders. The AlwaysOn editorial team conducted a rigorous three-month selection process to finalize the 2012 list.

Designed to meet the unique needs of the hospitality industry, Revinate is a software platform that tames and demystifies the all-important realm of social media by monitoring all online reviews and mentions of an individual property, restaurant or brand. Revinate gives owners and employees the chance to turn user-generated feedback into opportunities to delight guests, as well as the data they need to implement operational improvements. Unlike basic monitoring tools, which focus only on the individual-property level, Revinate provides the business intelligence and solutions that can be used by management companies and entire brands to drive measurable results.

A full list of all the OnMedia Top 100 winners can be found on the AlwaysOn website at:

http://www.aonetwork.com/AOStory/Announcing-2012-OnMedia-100-Top-Private-Companies

"I am incredibly proud that AlwaysOn has selected Revinate as an OnMedia Top 100 Winner," says Jay Ashton, Co-Founder and CEO of Revinate. "In the two years that we have been selling our software service into the hospitality vertical, we have seen incredible progress in the way that hotels and restaurants are adapting to social media and innovative new technology. As a result, they are able to reach customers and provide better service than was ever possible before. We look forward to helping our customers continue to drive sales and raise the bar when it comes to service and loyalty," Ashton added.

About Revinate

With user generated content and reviews increasing in both number and importance, hotel and restaurant owners and operators have a simple choice: either ignore the cacophony of social media and hope for the best or proactively track and manage what is being said online in a way that deepens customer relationships, strengthens brands and boosts revenue. If you opt for the latter, then Revinate's user-friendly software platform, custom-designed for the unique needs of the hospitality industry, is an irreplaceable tool. Revinate's powerful technology monitors all of the important social media venues – including Twitter, Facebook and TripAdvisor – and provides instant alerts whenever your property or brand is mentioned. With information comes power: in this case, the power to please a disgruntled customer, monitor the competition and set yourself apart when it comes to guest satisfaction and loyalty. Based in San Francisco, Revinate counts the world's leading hospitality brands as clients. To learn more, please visit www.revinate.com

About AlwaysOn

AlwaysOn is the leading business media brand networking the Global Silicon Valley. AlwaysOn helped ignite the social media revolution in early 2003 when it launched the AlwaysOn network. In 2004, it became the first media brand to socially network its online readers and event attendees. AlwaysOn's preeminent executive event series includes the Silicon Valley Innovation Summit, OnMedia, OnHollywood, IMPACT Venture Summit Mid-Atlantic, Venture Summit East, OnDemand, Venture Summit Silicon Valley, OnMobile, and GoingGreen Silicon Valley. The AlwaysOn network and live event series continue to lead the industry by empowering its readers, event participants, sponsors, and advertisers like no other media brand.

Media Contact: Michelle Wohl Revinate, 415.290.3707, michelle@revinate.com

News distributed by PR Newswire iReach: https://ireach.prnewswire.com

SOURCE Revinate

Wheeling Island Casino Selects AIM for Critical Casino CRM

Tue, 07 Feb 2012 18:58:29 +0000

Wheeling Island Casino Selects AIM for Critical Casino CRM

PR Newswire

LAS VEGAS, Feb. 7, 2012 /PRNewswire/ -- Wheeling Island Hotel-Casino-Racetrack announced the installation of the Advanced Intelligence Marketing (AIM™) system, which will serve as a database management tool for the casino.

"We are constantly seeking an advantage in an increasingly competitive market. AIM enables my staff to accomplish more in less time," said Deborah Murray, Vice President of Marketing at Wheeling Island Hotel-Casino-Racetrack. "My three priorities to increase revenues are CRM, player development and fast, accurate campaign and database analysis to make better decisions. AIM is the best solution for all three and it provides my staff with the information they need to strengthen player relationships."

"Wheeling Island tested and chose AIM as their CRM solution. Marketing Results, Inc. invested decades of development with input from the best casino marketers to design a powerful but simple solution that casino operators are increasingly adopting," said Marketing Results Vice President of Database Marketing, Craig Border. "Wheeling Island is an innovative and aggressive competitor and we are proud to participate with them."

About Wheeling Island Hotel-Casino-Racetrack

Wheeling Island Hotel-Casino-Racetrack offers 37 table games, 9-table poker room, over 1,650 slot machines, 151-room luxury hotel, live greyhound racing, five restaurants, 1,000-seat showroom, meeting and banquet services and gift shop. Wheeling Island was the winner of 17 first place "Best of Gaming" Awards by Casino Player Magazine's July 2011 readers poll including Best Casino, Best Reel Slots, Best Buffet, Best Promotions and Best Service. For visitors information on Wheeling Island Hotel-Casino-Racetrack, call 877-WIN-HERE (877-946-4373), for hotel reservations call 877-WHEELING (877-943-3546) or log on to www.wheelingisland.com.

Wheeling Island Gaming, Inc. owns and operates Wheeling Island Hotel-Casino-Racetrack, a premier gaming and entertainment complex located in Wheeling, West Virginia. It is the largest operation of Delaware North Companies Gaming & Entertainment, a wholly owned subsidiary of Delaware North Companies, Inc.

About Delaware North Companies

Delaware North Companies is one of the world's leading hospitality and food service providers. Its family of companies includes Delaware North Companies Parks & Resorts, Delaware North Companies Gaming & Entertainment, Delaware North Companies Travel Hospitality Services, Delaware North Companies Sportservice, Delaware North Companies International and Delaware North Companies Boston, owner of TD Garden. Delaware North Companies is one of the largest privately held companies in the United States with revenues exceeding $2 billion annually, serving customers in the United States, Canada, the United Kingdom, Australia and New Zealand. For more information, visit www.delawarenorth.com.

About Marketing Results, Inc.

Marketing Results is a full-service marketing and communications agency that specializes in marketing for the best brands in the casino industry. The company is engaged in creative services and communications, campaign management and consulting for casinos throughout North America and Canada. For more information, visit www.marketingresults.net.

About Advanced Intelligence Marketing (AIM)

AIM is a casino database-marketing tool providing results-driven technology. AIM is an easy to use, secure in-house solution that turns data into meaningful marketing intelligence producing information segmented by key player characteristics. The AIM campaign management system empowers casino marketers, creates efficiencies and productivity in database marketing and analysis. The system features a player development module that connects marketers to vital player statistics. For more information, visit www.mriaim.com.

SOURCE Marketing Results, Inc.

5W Public Relations Named Agency of Record for Gripevine.com

Tue, 07 Feb 2012 18:51:07 +0000

5W Public Relations Named Agency of Record for Gripevine.com

PR Newswire

NEW YORK, Feb. 7, 2012 /PRNewswire/ -- 5W Public Relations, one of the 25 largest independent Public Relations agencies in the U.S., today announced its selection as the agency of record for Gripevine.com, a social media company that focuses on consumer complaint-resolution management. 5W Public Relations will execute an extensive integrated public relations program in order to promote Gripevine to targeted influential media. Key elements will include media relations, thought leadership, and company award recognition to increase awareness of Gripevine's brand in the CRM – Customer Service space.

"Gripevine.com is an innovative solution that is ultimately filling a great void in the customer service response market. We are delighted to have been selected as the company's PR agency of record and are confident that our experience will prove to be a valuable compliment to Gripevine's growth," said Ronn Torossian, Founder of 5WPR. "The service offered by Gripevine.com will give businesses an opportunity to improve their business to consumer relations on a global scale."

Gripevine connects customers and companies on a fair and level public playing field that empowers them to create win-win resolutions to common consumer complaints. By leveraging the power of social media to get their stories heard, users can ultimately affect a company's Customer Satisfaction Index on Gripevine, which provides an effective scale for the quality of customer service.

"We're thrilled to have brought on an agency with such a strong understanding and proven track record in the technology and social media fields," said Richard Hue, Co-Founder of Gripevine.com. "We believe 5W Public Relations' results driven mindset and knowledge of the industry will put us in the best position to grow as leaders in providing a viable solution for the current void in online complaint-resolution response management."

About Gripevine.com

Gripevine (www.gripevine.com), connects customers and companies on a fair and level public playing field that empowers them to create win-win resolutions to common consumer complaints. Companies can use their Customer Satisfaction Index on Gripevine to show the world the quality of their customer service. Customers can use Gripevine to leverage the power of social media to get their stories heard.

About 5W Public Relations

Founded in 2003 by Ronn Torossian, 5W Public Relations is headquartered in New York with an office in Los Angeles. Named to the Inc. 500 list of fastest growing companies, 5WPR is one of the 25 largest Public Relations firms in the U.S. From media relations to corporate communications, technology marketing, consumer goods, Health Care and special events, "WE GET IT". 5WPR is described in a leading trade publication as "aggressive in a way that clearly resonates with clients looking for a firm staffed with type a-plus personalities, a BS-free approach, and results from day one."

Contact: Ronn Torossian, 212-999-5585, ronn@5wpr.com

SOURCE 5W Public Relations

John Anderson Featured in NJ Monthly as 2012 Five Star Wealth Manager

Tue, 07 Feb 2012 18:17:00 +0000

John Anderson Featured in NJ Monthly as 2012 Five Star Wealth Manager

Recognition Solidifies Tempewick Among Elite Wealth Management Firms Specializing in Estate and Insurance Planning

PR Newswire

MORRISTOWN, N.J., Feb. 7, 2012 /PRNewswire/ -- John A. Anderson, CLU, has been named a 2012 Five Star Wealth Manager and featured in New Jersey Monthly magazine under the estate planning category. Out of the 41,400 registered representatives in New Jersey who are considered for the award, 326 were named. Mr. Anderson is representing less than 1 percent of the eligible Wealth Managers in the New Jersey.

"We are delighted to be acknowledged as a Five Star Wealth Manager by New Jersey Monthly, and are proud that such a large number of our peers have faith in our knowledge of the field, the quality of our services, and our overall capabilities in estate and insurance planning. This recognition solidifies Tempewick among the elite wealth management firms in New Jersey," said John Anderson, Managing Principal of Tempewick Wealth Management.

New Jersey Magazine and Five Star Professional partnered to administer a survey to evaluate the wealth managers in New Jersey who satisfy 10 objective eligibility and evaluation criteria that are associated with wealth managers who provide quality services to their clients. Wealth managers do not pay a fee to be considered or placed on the final list of 2012 Five Star Wealth Managers. The Five Star award is not indicative of the wealth manager's future performance.

About Tempewick Wealth Management:

Based in Morristown, NJ, Tempewick Wealth Management is a boutique wealth advisory firm with over 60 years of collective experience. Tempewick's professionals specialize in estate and investment planning, business succession and wealth transfer. The firm helps its clients grow and ultimately transfer their wealth through a variety of services and in cooperation with their client's existing advisory team. For more information, visit www.tempewick.com.

SOURCE Tempewick Wealth Management