CEO News

“Top Brokers Recognized, Achieve Double-Digit Returns in Rollercoaster Market”

BOSTON, July 28 /CEO News Info/ — First Coverage Inc., which provides the fastest-growing alpha capture platform worldwide and is the leader in North American equity trading content, today released its 2010 Mid-Year Top Performer Rankings, which recognize the best equity market institutional sales people and sell-side firms in the world.

Morgan Keegan & Company, one of the nation’s largest regional investment firms offering full-service investment banking, securities brokerage, wealth and asset management, ranked No. 1, outperforming more than 350 firms on the First Coverage platform. Blake Kukar, an Institutional Sales Representative in Morgan Keegan’s Memphis office, earned the top ranking in the individual salesperson category with an average return of 29.72 percent on all U.S. ideas sent to his clients through the First Coverage platform.

“We are delighted to recognize Blake Kukar for his exemplary, positive returns in a market when the S&P 500 was down 7.7 percent during the same period,” said Roland Beaulieu, CEO and President of First Coverage. “Despite an economic environment with myriad obstacles – high unemployment, modest income growth, tight credit and global financial crisis – Blake demonstrates that a solid stock picker can navigate even the most challenging market to make money for his clients. Congratulations to Blake and all our top performers!”

First Coverage rankings are derived from more than 100,000 actionable sell-side trade ideas communicated by thousands of sales people at more than 350 global firms that participated on the system in 2010 and represent a completely objective evaluation of the sell-side.

“We are pleased with this recognition from First Coverage. Morgan Keegan’s Institutional Equity platform is built on a foundation of high quality, in-depth research. The success of our salespeople using this alpha capture system is a reflection of both our research expertise and the experience and capability of our salespeople,” said Bill Jump, Director of Institutional Sales and Trading, Morgan Keegan. “Our Institutional Sales and Research departments work in tandem to achieve a very straightforward objective–to optimize value for our clients.”

First Coverage’s industry leading platform is a web-based solution that simplifies the way that buy-side investment professionals capture, organize and evaluate all types of information coming from their sell-side coverage. The technology allows portfolio managers to easily find and focus on the institutional sales people and information most likely to add value to their investment process.

“I am honored to accept this award and grateful to my research department and teammates at Morgan Keegan, whose support in part made this recognition possible,” said Blake Kukar. “Using the First Coverage platform, I can ensure that my high-conviction trade ideas are presented to the right portfolio managers at the right time – and they’re able to capture, filter and monitor recommendations in real-time, allowing them to objectively measure the value I provide to their investment process.”

2010 Mid-Year First Coverage Top Performer Rankings

Most Consistent Sales Representative Worldwide
Doug Bantum, Capstone Investments

Top Performing Sales Representative – US
1. Blake Kukar Morgan Keegan
2. Allen Seto Jesup & Lamont
3. Ken Tang B. Riley and Company
4. Richard Kneiser Morgan Joseph
5. Tyler Self Vision Research

Top Performing Sales Representative – Canada
1. John Ing Maison Placements
2. Liza Oulton Salman Partners
3. Ash Mehta Garp Research
4. Andrew Wanner TD Securities
5. Nicole Baker CIBC

Top Performing Sales Representative -
International
1. Brad Meikle Renewable Analytics
2. Ed Walsh Altium Securities
3. Brendon Byron Davy Equities
Panmure Gordon and
4. Bill Foley Company
5. Melvyn Brown Altium Securities

Top Performing Fundamental Firm -
US Top Quant Firm
Fusion Analytics
1. Morgan Keegan Securities LLC
2. Caris and Company
3. OTR Global
Merriman Curhan Ford and
4. Company
5. Longbow Research

Top Performing Fundamental Firm -
Canada
1. Thomas Weisel Partners
2. TD Securities
3. RBC Capital Markets
4. Brant Securities
5. Fraser MacKenzie

Top Performing Fundamental Firm -
International
1. Kempen
2. Edison Investments
3. Altium Securities
4. Panmure Gordon and Company
5. Davy Equities

For more information or a complete list of rankings, including top ideas by industry, please visit www.FirstCoverage.com or e-mail: Deborah.Jorge@FirstCoverage.com.

In addition to providing a world-class alpha-capture platform, First Coverage offers filtered mainstream news, blogs, research and other communications based on the individual interests of buy-side users. The First Coverage Market Sentiment Index, a proprietary indicator derived from actionable sell-side trade ideas sent by the sell-side to their buy-side clients over the First Coverage platform, is syndicated in Barron’s weekly and available live on Bloomberg terminals.

In 2009, data flowing through First Coverage more than doubled, following a year when content grew by more than 400 percent. Last fall, the firm announced its strategic alliance with Integrity Research Associates, LLC, an information and solutions provider specializing in the investment research industry.

About First Coverage Inc.

Established in 2006 by the founders of First Call and StreetEvents, First Coverage provides a web-based technology, which was developed in collaboration with both the buy-side and sell-side to help money managers more efficiently generate alpha by eliminating the “noise” that they encounter on a daily basis, allowing them to focus on the people and information that matter most to their holdings. The firm’s clients comprise large money managers, including top ten firms, hedge funds and pension plans, which direct trillions of dollars in assets under management and have access to sentiment analyses of “The Street” and the media as well as the highest-conviction, actionable recommendations submitted to First Coverage by thousands of sell-side participants, who consistently have outperformed the benchmarks. For more information, visit www.FirstCoverage.com.

Source: First Coverage Inc.

CONTACT: Deborah Jorge, First Coverage Inc., +1-617-303-0067,
Deborah.Jorge@FirstCoverage.com

Web Site: http://www.firstcoverage.com/

WASHINGTON, July 28 /PRNewswire-FirstCall/ — Cogent Communications Group, Inc. (NASDAQ:CCOI), one of the largest Internet service providers in the world, today announced that Dave Schaeffer, Cogent’s chief executive officer, will present at Oppenheimer’s Annual Technology, Media & Telecommunications Conference at 2:00 p.m. ET, August 10th. The conference is being held at the Four Seasons Hotel Boston in Boston, MA.

Investors and other interested parties may access a live audio webcast of the presentation by going to the Investor Relations section of Cogent’s website (http://www.cogentco.com/us/ir_events.php) to access the link to the live audio webcast. A replay of the webcast will be available on Cogent’s IR website for 90 days following the presentation.

About Cogent Communications

Cogent Communications (NASDAQ:CCOI) is a multinational, Tier 1 facilities-based ISP, consistently ranked as one of the top five networks in the world. Cogent specializes in providing businesses with high speed Internet access and point-to-point transport services. Cogent’s facilities-based, all-optical IP network backbone provides IP services in over 145 markets located in North America and Europe.

Since its inception, Cogent has unleashed the benefits of IP technology, building one of the largest and highest capacity IP networks in existence. This network enables Cogent to offer large bandwidth connections at highly competitive prices. Cogent also offers superior customer support by virtue of its end-to-end control of service delivery and network monitoring.

Cogent Communications is headquartered at 1015 31st Street, NW, Washington, D.C. 20007. For more information, visit www.cogentco.com. Cogent Communications can be reached in the United States at (202) 295-4200 or via email at info@cogentco.com.

Information in this release may involve expectations, beliefs, plans, intentions or strategies regarding the future. These forward-looking statements involve risks and uncertainties. All forward-looking statements included in this release are based upon information available to Cogent Communications Group, Inc. as of the date of the release, and we assume no obligation to update any such forward-looking statement. The statements in this release are not guarantees of future performance and actual results could differ materially from our current expectations. Numerous factors could cause or contribute to such differences. Some of the factors and risks associated with our business are discussed in Cogent’s registration statements filed with the Securities and Exchange Commission and in its other reports filed from time to time with the SEC.

Source: Cogent Communications Group, Inc.

CONTACT: Public Relations, Travis Wachter, Cogent Communications,
+1-202-295-4217, twachter@cogentco.com, or Investor Relations, Cogent
Communications, +1-202-295-4212, investor.relations@cogentco.com

Web Site: http://www.cogentco.com/

CHICAGO, July 8 /CEO News Info/ — Michael McKiernan, Avison Young Principal and Managing Director of the company’s Chicago office, announced today that two leading commercial real estate brokers have joined Avison Young’s brokerage operation.

Effective immediately, Jason Kleiman becomes a Principal of Avison Young and a member of the office tenant representation group in Chicago. Kleiman was formerly Managing Principal at Lakefront Advisory Services, a corporate real estate advisory practice that focuses on the representation of users of office space.

Bob Budington joins Avison Young as senior director of Chicago’s office tenant representation group. He was most recently a Vice-President with Colliers Bennett & Kahnweiler Inc. and formerly with Golub and Company and Jones Lang LaSalle.

Avison Young is Canada’s largest independently-owned commercial real estate services company. The firm opened its first U.S. office in Chicago, IL in 2009, followed by U.S. offices in Washington, DC, Atlanta, GA and Houston, TX over the past half year.

“We are pleased to be able to unite two energetic, experienced brokers who will help Avison Young realize its vision for further growth and success in the Chicago marketplace. Their backgrounds, coupled with their strong work ethic, will provide clients with the highest quality of service,” says McKiernan.

He continues: “Jason’s experience is extensive and his focus on tenant representation is augmented by his background in corporate services. Avison Young now has a presence in the central business district and will continue to grow.”

“Bob brings a diverse background to Avison Young. His analytical experience at Jones Lang LaSalle, his landlord representation role at Golub and Company, and his tenant representation activities at Colliers provide Bob and his clients with a unique perspective on the market. Everyone here at Avison Young and our clients look forward to taking advantage of Bob’s skill sets,” says McKiernan.

Over the past 18 months, Avison Young has grown from 11 to 18 offices and from 300 to 600-plus real estate professionals in Canada and the U.S.

“In order to remain at the forefront of our highly competitive industry, Avison Young recognizes the need to continually add new resources to the company. Jason and Bob are both experienced tenant representatives with excellent reputations in the market and among their clients,” says Earl Webb, Avison Young’s President, U.S. Operations.

“They both have strong relationships with a number of Chicago-area clients with whom they have been working over the years. As we begin to build our Chicago business downtown as well as in the suburbs, we are pleased that Jason and Bob have come on board to begin what will be a rapidly-growing downtown tenant representation practice,” adds Webb.

“I am excited to be joining an organization with such an enviable track record of success, and one that is committed to expanding in all facets of the commercial real estate industry,” notes Kleiman. “I look forward to being an integral part of Avison Young’s growth and success in the U.S. marketplace.”

“I am pleased to be continuing my career at Avison Young and providing innovative real estate solutions to a wide range of clients,” says Budington. “Avison Young’s vision to build its brand across North America and beyond is something I look forward to being a part of.”

Jason Kleiman

Kleiman has more than a decade of direct transactional experience in the Downtown Chicago commercial real estate market. Prior to joining Avison Young, he was Managing Principal and founder of Lakefront Advisory Services, a corporate real estate advisory practice that focuses primarily on the representation of users of office space. Before that, he held senior brokerage roles at both the Trammell Crow Company and CB Richard Ellis.

Through his real estate career, Kleiman has developed an expertise in tenant representation with a focus on office properties. Along with a deep knowledge of the Downtown Chicago office market, Kleiman specializes in the representation of tenants with a multi-market and multi-national presence. He has been successful in the use of best practices to assist corporate clients in the creation of consistent real estate processes across a wide variety of property portfolios. On behalf of his clients, he has successfully negotiated leasing transactions in nearly every major market throughout North America.

Kleiman’s clients have included: IKON Office Solutions, Oce North America, Professional Service Industries, Dykema Gossett, IA Interior Architects, Backstop Solutions Group, PSA-Dewberry, and the French Consulate. Kleiman holds a Bachelor of Science in Business/Marketing from Indiana University and is a member of the Chicago Office Leasing Brokers Association (COLBA).

Bob Budington

Budington has more than 18 years of experience in commercial real estate with a diverse background in financial analysis, management and construction, marketing and leasing, investment and development, and acquisitions and dispositions. He has negotiated leases totaling over $200 million in value, assisted in acquisitions and dispositions of $300 million in assets, and implemented marketing and leasing programs for 3 million square feet (msf) of assets.

Specializing in strategic real estate planning and corporate advisory services, Budington joins Avison Young from Colliers Bennett & Kahnweiler Inc., where he focused on tenant representation in Downtown Chicago between 2005-2010. Prior to that, Budington was with Golub & Company where he oversaw the leasing of a 3-msf real estate portfolio. Budington began his career at LaSalle Partners (now Jones Lang LaSalle) as a financial analyst before moving to the leasing and management group in Chicago and New York.

Budington’s clients have included: Boston Options Exchange, Capital First Realty, Carlyle Group, Chicago Children’s Choir Academy, Chicago Municipal Employees Credit Union, Chicago Park District, City of Chicago, Clear Channel, Cypress Communications, International Education of Students, Krasnow Saunders Cornblath, Liston & Lafakis, Macquarie Rail, Mitsui Rail Capital, Northwestern Hospital, Northwestern University, Potbelly Sandwich Works, Premiere Radio, The PrivateBank and Trust Company, Government of Quebec, Romanucci & Blandin, Slalom Consulting, the Spencer Foundation, Two by Four Communication, and Visanow.com.

Budington is a member of the Commercial Office Leasing Brokers Association (COLBA) and Chicago Real Estate Organization (CREO). He is also a member of Metropolitan Family Services and City of Hope, and the founding member and President of the North Shore Lacrosse Club, a not-for-profit youth sports organization in suburban Chicago. He holds a Bachelor of Science degree in Business Management from Cornell University.

Founded in 1978, Avison Young is Canada’s largest independently-owned commercial real estate services company and the only national, Canadian-owned, principal-managed real estate brokerage firm in the country. Headquartered in Toronto, Ontario and ranked among Canada’s leading national commercial real estate organizations, Avison Young is a full-service commercial real estate company comprising more than 600 real estate professionals in 18 offices across Canada and in the U.S. The company provides value-added, client-centric investment sales, leasing, advisory, management, financing and mortgage placement services to owners and occupiers of office, retail, industrial and multi-residential properties.

Editors/Reporters: please click on links to view and download head shots

http://www.avisonyoung.com/library/pdf/Media_Releases/JKleiman.jpg

http://www.avisonyoung.com/library/pdf/Media_Releases/Bob_Budington_600.jp g

Editors/Reporters can now follow Avison Young on Twitter:

For industry news, press releases and market reports: www.twitter.com/avisonyoung

For Avison Young listings and deals: www.twitter.com/AYListingsDeals

Source: Avison Young (Canada) Inc.

CONTACT: comment/photos: Sherry Quan, National Director of
Communications & Media Relations: (604) 647-5098, cell: (604) 726-0959;
Michael McKiernan, Principal and Managing Director, Chicago: (847) 881-2236;
Jason Kleiman, Principal: (312) 957-7606; Bob Budington, Senior Director,
Office Tenant Representation Group, Chicago: (312) 957-7607; Earl Webb,
President, U.S. Operations: (847) 881-2237; Mark Rose, Chair and CEO: (416)
673-4028, www.avisonyoung.com

Silicon Valley Veteran to Drive Silex to Next Wave of Growth

JARFALLA, Sweden and BOSTON, July 7 /CEO News Info/ — Silex Microsystems, a leading pure-play foundry for MEMS, today announced the appointment of Gary Johnson as chief executive officer. Mr. Johnson is a Silicon Valley veteran, with 20-years experience driving large and small companies to accelerate their revenue growth and to establish leadership positions in fast-growing markets. Formerly CEO of PortalPlayer, Inc. and S3, Inc., Mr. Johnson is renowned for his ability to create defensible and early mover strategies that create significant value for customers, employees and shareholders.

“As a well-known Silicon Valley Veteran, Gary has proven experience driving companies to their next level of growth and global success,” said Lennart Jacobsson, senior partner at CapMan Plc and Silex Microsystems board member. “We believe his leadership skills will enable Silex to further expand the high-volume shipments they are delivering today to become one of the largest and technology-advanced pure-play MEMS foundries in the world.”

Most recently, Mr. Johnson was Chairman of Marwood Technology where he provided strategic advisory services to a variety of US & European Venture Capital firms, and also to a number of their respective portfolio companies. Before that, Mr. Johnson was the president and CEO of PortalPlayer Inc., the leading supplier of low-power application processors for personal media players including the first Apple iPods. He led PortalPlayer through a highly successful IPO on NASDAQ in 2004 and later merged the company with NVIDIA. Previously, Johnson was CEO of S3 Inc., a publicly-traded company on NASDAQ that became an industry-leading manufacturer of multimedia semiconductors. During Gary’s tenure at S3, the company established a successful joint venture foundry with UMC in Taiwan. Earlier in his career, Mr. Johnson spent 7 years at National Semiconductor where he founded two wireless business units. He started his career at British Telecom Research Laboratories at Martlesham Heath in the UK.

Mr. Johnson replaces Mr. Jan Nerdal who held the position of CEO since 2002 and will retire mid-year. During Mr. Nerdal’s tenure, Silex Microsystems grew from a small lab-based start-up to its current position as a leading manufacturer of Micro Electro Mechanical Systems (MEMS) on an industrial scale, with leading customers in Europe, United States and Asia.

“Silex has done an impressive job ramping from a small start-up to a high-volume MEMS foundry with a strong technology portfolio and an outstanding reputation in the industry,” said Johan Siberg, chairman of the board for Silex Microsystems. “I want to thank Jan for his tremendous contributions in bringing the company to this solid market position and we wish him much success in his future endeavors.”

MEMS are complex mechanical and electrical systems built in micro scale on one single chip. This market is credited with driving innovation in everyday applications and represents tremendous growth opportunities for pure play foundries such as Silex Microsystems. According to a recent report by iSuppli, the MEMS market is expected to grow by 11.1% to 6.5 billion in 2010 and as a leading supplier with strong IP and proven technology, Silex Microsystems is well positioned for future expansion.

“I look forward to working with the entire Silex team and capitalizing on the incredible technology and world-class customer base that Silex has developed over the past ten years,” said Gary Johnson, CEO of Silex Microsystems. “With the company’s core technology platforms and applicability across a broad and diverse set of markets, Silex is well positioned for strong growth.”

About Silex Microsystems

Silex Microsystems is a world leading pure-play MEMS foundry providing manufacturing capacity, advanced process technologies and proven standard process platforms to a wide range of high-tech companies. The company’s yearly-managed capacity exceeds 50 thousand 6-inch wafers and 100 thousand 8-inch wafers. For more information, please visit www.silexmicrosystems.com.

Silex Microsystems Public Relations:

Kelly Karr
Tanis Communications
+1 (408) 718-9350

Source: Silex Microsystems

CONTACT: Kelly Karr of Tanis Communications, +1-408-718-9350, for Silex
Microsystems

Web Site: http://www.silexmicrosystems.com/

New Not-for-Profit Is Devoted to Advancing Mission of TCS Educational System Affiliate Schools

CHICAGO, July 6 /CEO News Info/ — Timothy T. Shannon, Ph.D., was named this month as the founding president of TCS Foundation, an Illinois not-for-profit organization that oversees advancement initiatives for affiliates of TCS Education System (TCS ES), which comprises The Chicago School of Professional Psychology, Garfield Park Preparatory Academy, Pacific Oaks College, Pacific Oaks Children’s School, and Santa Barbara Graduate Institute.

“Tim brings to our learning communities a brilliant career of service and leadership in the disciplines of philanthropy, alumni relations, endowment management, grant writing, government relations, and international outreach,” said TCS ES President and CEO Michael Horowitz. “He takes on this responsibility at an exciting time. TCS Foundation is our bridge to opportunity. It connects our learning community to others who share our belief that education and service can transform our world.”

Prior to being named president of the Foundation, Dr. Shannon served as vice president of institutional advancement for The Chicago School of Professional Psychology. His other leadership posts in secondary and higher education include vice president for development and alumni relations at John Carroll University in Cleveland, Ohio, and president of the University of Detroit Jesuit High School and Academy. He also has extensive trustee credentials, having served on boards at Xavier University, Regis University, and a host of other nonprofits.

Dr. Shannon holds Ph.D. and M.B.A. degrees from Boston College and a De.U. in Philosophy from Loyola University in Chicago. A passionate international traveler, he has experienced more than 40 countries, lived oversees, and has participated in global development fellowships in Kenya, Tanzania, India, Nepal, Thailand, Australia, Peru, Chile, and Israel.

“Whether it’s our work in Africa, with veterans, or with early childhood education on Chicago’s West Side and Southern California, the projects underway at our schools are among the most compelling I’ve ever encountered,” said Dr. Shannon. “I am honored to be called on to serve in this new capacity. I look forward to working with the Foundation board, which is always seeking committed individuals searching for an opportunity to be involved with something new and exciting.”

About TCS Foundation:

An Illinois not-for-profit organization with principal offices in Chicago, TCS Foundation benefits TCS Education System by consolidating philanthropic activities under a single umbrella and coordinating the management of all charitable assets, including endowed funds. With this enhanced management capacity, the Foundation offers donors the opportunity to take an active role in advancing the mission of transformative education that defines each of the System’s affiliated organizations, in preparing graduates as innovative, engaged, purposeful agents of change, and in improving lives in the global community. For more information, visit www.tcsfound.org.

About TCS Education System:

TCS Education System (TCS ES) was founded in 2009 as a not-for-profit organization with a mission of preparing innovative, engaged, purposeful agents of change who serve our global community.

TCS ES features a network of specialized institutions, which are backed by a model of education that prepares socially responsible, culturally competent professionals in applied fields such as psychology, health and human services, and education. TCS ES’ collection of colleges and graduate schools — The Chicago School of Professional Psychology, Santa Barbara Graduate Institute, and Pacific Oaks College — each offer scholarship, training, and service opportunities directed to a specific career path while providing a transformative educational experience that ensures that the students’ personal, academic, and professional needs are met.

Other System affiliates include Garfield Park Preparatory Academy, a K-8 elementary school on Chicago’s West Side devoted to delivering a progressive, evidence-based curriculum; Pacific Oaks Children’s School in Pasadena, Calif., which provides experiential early childhood learning and daycare; TCS Online, an online education delivery and services affiliate; and TCS Foundation, which cultivates grants and charitable contributions to support community based student-learning opportunities throughout the System. For more information, visit www.tcsedsystem.org.

For a hi-res photo of Dr. Shannon, visit www.tcsfound.org/images/shannon_lg.jpg.

Source: TCS Foundation

CONTACT: Matt Nehmer of TCS Foundation, +1-312-329-6672,
mnehmer@tcsfound.org

Web Site: dhttp://www.tcsfound.org/

Industry Recognition Highlights Continuous Growth and Innovation

BOSTON, June 30 /CEO News Info/ — Carbonite, a leading provider of online backup, announced CEO and Co-Founder David Friend has been named winner of the Ernst & Young Entrepreneur Of The Year® 2010 Award in New England. Friend received the honor at a special gala event on June 24 at the Boston Renaissance Waterfront Hotel. As a result of this accomplishment, he now is competing for the national Entrepreneur of the Year award, which will be announced in November.

According to Ernst & Young LLP, the awards program recognizes entrepreneurs who demonstrate extraordinary success in the areas of innovation, financial performance and personal commitment to their businesses and communities. Friend was selected as a winner from nearly 40 finalists by a panel of independent judges.

“I’m humbled that my friends and colleagues who nominated me, and the distinguished E&Y judges who selected me, deem me worthy of this prestigious recognition,” said Friend. “Carbonite is my sixth startup since college and each has been more fun than the last. Frankly, the rewards of being an entrepreneur for 40 years have been enough to make me a very happy man. So being selected as E&Y Entrepreneur of the Year is really frosting on the cake.”

Friend has been a successful technology entrepreneur for more than 25 years. He previously co-founded five companies: Sonexis, FaxNet, Pilot Software, Computer Pictures Corp. and ARP Instruments. At Carbonite, Friend has driven product innovation and sustained the company’s success by raising more than $67 million in capital. Since 2006, Carbonite has backed up more than 39 billion files, restored more than 3.2 billion lost files for its customers, and backs up more than 100 million files every day.

This honor highlights a league of significant accomplishments, including:
– Carbonite CFO Andrew Keenan named as a Boston Business Journal: CFO of
the Year honoree
– Mass Technology Leadership Council selected Carbonite CTO Jeff Flowers
as the 2009 CTO of the Year
– Carbonite named as a finalist for the 2010 Red Herring 100 North
America Award
– The Smaller Business Association of New England, Inc. (SBANE) honored
Carbonite as a 2010 New England Innovation Awards Winner
– Carbonite ranked No. 6 in the 2010 Boston Business Journal: Best
Places to Work awards for creating a positive work environment that
attracts and retains employees through a combination of employee
satisfaction, working conditions and company culture
– Voted Shopper’s Choice by Computer Shopper readers
– 2009 CNET WebWare 100 Winner

Carbonite launched its online backup service for PC owners in 2006. In the last year, Carbonite enhanced its Remote File Access features beyond Web browsers to mobile accessibility through iPhone®, iPod Touch® and BlackBerry® smartphone devices. In January, the company raised approximately $20 million in a mezzanine financing round bringing total funding to approximately $67 million.

About Carbonite

The Carbonite industry-first offer of unlimited online backup service for a flat, low price revolutionized the market for consumer and small business backup services. Since 2006, the company has backed up more than 39 billion files and has restored more than 3.2 billion lost files for its customers. Carbonite backs up more than 100 million files every day to high-redundancy storage servers in its Boston and Somerville, Mass. data centers.

The Carbonite mission is to provide a simple, affordable, and secure backup solution for the mainstream computer user. Carbonite supports both the Windows and Mac platforms. Carbonite is available directly at www.carbonite.com, and through international distributors. For more information, please visit www.carbonite.com.

About Ernst & Young’s Entrepreneur Of The Year® Awards Program

Ernst & Young’s Entrepreneur Of The Year® is the world’s most prestigious business award for entrepreneurs. The award makes a difference through the unique way it encourages entrepreneurial activity among those with potential and recognizes the contribution of people who inspire others with their vision, leadership and achievement. As the first and only truly global award of its kind, Ernst & Young Entrepreneur Of The Year® celebrates those who are building and leading successful, growing and dynamic businesses, recognizing them through regional, national and global awards programs in more than 135 cities in 50 countries.

Ernst & Young refers to the global organization of member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young LLP is a client-serving member firm of Ernst & Young Global Limited located in the U.S.

Source: Carbonite

CONTACT: Tim Wieland, Airfoil Public Relations, for Carbonite,
+1-248-304-1414

Web Site: http://www.carbonite.com/

KIRKLAND, Wash., June 29 /CEO News Info/ — Sarath Sathkumara has joined Taiyo Pacific Partners as a Managing Director and will help evaluate and capitalize on new investment opportunities in Asia for Taiyo Pacific Partners.

Sarath has over 25 years of experience in international capital markets and investing. Most recently, Sarath was the Chief Investment Officer of SBI Venture Capital in Singapore, the overseas arm of the SBI Group, a Japanese private equity/venture capital firm with assets under management of $5 billion. From 2002 to 2008, Sarath was a Senior Portfolio Manager with the State Street Global Advisors’ Emerging Markets Group in Boston, with assets under management of $12 billion, focusing on Asian and Middle Eastern markets. Prior to that, Sarath spent seven years with Capital International in Singapore as part of Capital International’s Emerging Markets team, with assets under management of $20 billion, investing in India, Sri Lanka, Pakistan and Bangladesh. Prior to Capital International, Sarath spent 10 years with the HSBC Group in corporate finance and banking in Dubai, San Francisco and New York.

Brian Heywood, CEO of Taiyo Pacific Partners, said, “We are excited to have Sarath join our team. Few people have Sarath’s level of market experience and knowledge in the greater India region and we are confident that he will help Taiyo replicate its success in Japan in other Asian markets. We think that the ties between Japan and India are strengthening and that there is the potential for significant synergies between these two important countries.”

Taiyo Pacific Partners, located in Kirkland, Washington, was founded in 2003 by Asia-focused professionals dedicated to friendly shareholder activism in Japan and other Asian countries. The initial Taiyo Fund launched in Japan in June of 2003, and has grown to nearly $2 billion in assets across three Japan focused friendly activist funds. Taiyo managed funds are backed by large US as well as European pension plans and endowments.

Source: Taiyo Pacific Partners

CONTACT: Brian K. Heywood, +1-831-372-9601, bheywood@tppllc.com

LONGWOOD, Fla., June 29 /CEO News Info/ — Jesup & Lamont Inc. (AMEX:JLI), today announced that it was taking steps to reduce costs, determine strategic alternatives to maximize values for stake holders and terminating all non-essential personnel, except for Alan Weichselbaum, its CEO, who will continue on a non-salaried basis. Steven Rabinovici, formerly an Executive Chairman, will remain as a non-executive Chairman of the Board, also on a non-salaried basis. William Holub, Chief Financial Officer of Jesup & Lamont Securities Corp. and VP of finance of the parent will oversee the financial affairs of the parent. Except for the continuation of salaries to a limited staff, all salaries and draws have been terminated. All officers of JLI will report directly to its Audit Committee.

Jesup & Lamont also announced that Mark Wilton had resigned from the Board for health reasons and that Donald Wojnowski had resigned from the Board for personal reasons.

The above events follow FINRA’s order that Jesup & Lamont Securities Corp. cease conducting a Securities business, other than liquidating transactions, because of its failure to meet net capital rules. The Company continues to engage in dialogue with FINRA with respect to regaining compliance with the net capital rules.

About Jesup & Lamont

Established in 1877, Jesup & Lamont has an extensive history on Wall Street, with its origins encompassing such successes as providing brokerage services to Standard Oil and raising capital for the construction of Rockefeller Center. Jesup & Lamont is a full service broker-dealer with over 300 retail brokers in over 30 offices nationwide; institutional sales offices in New York, San Francisco, Los Angeles, Boston, Boca Raton and Orlando. The company also publishes proprietary research on several industries including Aerospace/Defense, Alternative Energy and Life Sciences/Healthcare and offers comprehensive investment banking services.

Forward-Looking Statement Disclaimer

This press release contains “forward looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risk, uncertainties or other factors which may cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Factors that might cause such a difference include, without limitation, fluctuations in the volume of transactional services provided by the Company, competition with respect to financial services commission rates, the effect of general economic and market conditions, factors affecting the securities brokerage industry as well as other risks and uncertainties detailed from time to time in the Company’s Securities and Exchange Commission filings. The company undertakes no obligation to revise or update any forward-looking statement.

Source: Jesup & Lamont, Inc.

CONTACT: Alan Weichselbaum, Jesup & Lamont, Inc.,
AWeichselbaum@jesuplamont.com, +1-212-307-2660

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By Christine McConville Blue Cross and Blue Shield of Massachusetts chief Bill Van Faasen says Gov. Deval Patrick has done what he set out to do when he …
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source: http://news.bostonherald.com/jobfind/news/healthcare/view/20100629blue_cross_ceo_its_time_to_find_real_cost_solutions/srvc=home&position=also

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Tumors are kicking our butt in the war on cancer. What's more, big drugmakers are cutting their budgets at the expense of some cancer treatments under.

Xconomy – http://www.xconomy.com/

source: http://www.xconomy.com/boston/2010/06/28/tesaro-former-medimmune-ceos-firm-writes-check-cancer-drug-vets-build-pipeline/