ABN Newswire

Amcom (ASX:AMM) L7 Solutions Business Awarded EMC #1 Partner

newsroom@abnnewswire.net — Thu, 12 Apr 2012 13:11:14 GMT

Amcom (ASX:AMM) is pleased to announce that its recently acquired L7 Solutions business has taken the honour as EMC's West Australian and South Australian 2012 Partner of the Year for the second year running.

The prestigious annual award was presented as part of the recent 2nd Annual EMC Australia and New Zealand 2012 Velocity Partner Summit in Sydney and recognises innovative and outstanding contributions to the IT&T industry across a variety of categories.

"We are delighted to award L7 Solutions as our WA & SA EMC Partner of the Year for the second year. The award is in recognition of their commitment to excellence in engineering delivery and sales achievements," said Brett Harris, General Manager Channels - Australia and New Zealand.

Amcom Group Executive - Managed IT Services, Matt Sullivan, added: "We are proud of our relationship with EMC and look forward to continuing to meet the needs of our customers through the delivery of first class solutions. These awards reflect the underlying quality of our partnerships and customer relationships as well as our continuing business investment in the cloud market."

Amcom's L7 Solutions business has built on an established relationship with EMC. In 2010, L7 Solutions was appointed as an EMC Signature Partner, ranking number one for WA market share in 2009 and 2010 for Unified Storage and Backup/Recovery Systems product sets. Additionally, L7 Solutions was the first West Australian IT integrator to achieve VCE Vblock certification, the Virtual Computing Environment Company, which was formed by EMC and Cisco, and is the only training provider accredited to resell EMC Training in Western Australia.

Through its recently acquired L7 Solutions business, Amcom has been working with EMC for over 7 years. Amcom is a EMC Signature Partner, Cisco Gold Partner, VMware Enterprise Solution Provider and Virtual Computing Environment (VCE) certified systems integrator.

Over the past 12 months, Amcom has achieved strong organic sales growth from its core fibre-based data, internet and unified communications services and expanding business services offering including data centre management, cloud, managed IT services and IT integration services.

Matt Sullivan
Group Executive - Managed IT Services
Tel: +61-8-6466-7779
Email: matt.sullivan@amcom.com.au

Asian Markets Overview of February 4

newsroom@abnnewswire.net — Thu, 4 Feb 2010 13:30:51 GMT

Wall Street fell on Wednesday led by healthcare sector as drug maker Pfizer delivered a lower-than-estimate fourth-quarter earnings and disappointing revenue outlook. The market was also weighed by President Barack Obama's pledge on banking and healthcare reform.

Asian markets closed mostly higher on Wednesday as materials shares were boosted by strong commodities prices. Japan's Nikkei average rose 0.3 percent as exporters gained on strong U.S. data and weakness in yen against greenback. But the rises were pulled back by a drop in shares of Toyota Motor Corp after its recall woes hit its sales. South Korea's Kospi added 1.2%, Hong Kong's Hang Seng Index rose 2.2% and China's Shanghai Composite gained 2.4%.

Company News

A consortium made up of Korea Electric Power Corp. (SEO:015760) (NYSE:KEP) Korea Hydro and Nuclear Power Co., and Korea Resources Corp is expected to bid for a stake in one of the world's largest undeveloped uranium deposits, said sources. The Korean companies are in talks to jointly take a stake of around 15% in Extract Resources Ltd.'s (ASX:EXT) Rossing South uranium mine development in Namibia.

South Korea's Hyundai Heavy Industries (SEO:009540) said it had agreed to take a 10 percent stake in Brazilian shipbuilder Offshore Services X (OSX), a deal that could help it bid for future orders. Hyundai Heavy would provide technology support for OSX's new shipyard as part of the deal.

Toshiba Corp.(TYO:6502) said Wednesday that the company will consolidate its domestic flash memory production operations in Japan by shutting down one of its manufacturing plants in the country, in a move to strengthen its product development capabilities. Toshiba also said it aims to boost its overseas production ratio for back-end processes to about 80% by the end of fiscal year 2010. The ratio currently stands at around 70%.

Rio Tinto Alcan, a subsidiary of Rio Tinto (ASX:RIO), has sold its 80% share in Ghana Bauxite Company Ltd. to Chinese company Bosai Minerals Group. Value of the deal was not revealed. Ghana's government owns the other 20% and this week gave its approval for the sale of the share.

Singapored based DBS Group Holdings Ltd. (SIN:D05), Southeast Asia's largest bank by assets, is open to a potential investment in a Chinese bank but has no specific investment targets yet. The bank said it is interested in issuing yuan-denominated bonds in China. The bank expects to open 12 more branches over the next five years in China.

Michelle Liang
Asia Business News Asia Bureau
TEL: +61-2-9247-4344
Email: michelle.liang@abnnewswire.net

Australian Market Report of August 11: Look to Earnings Reports

newsroom@abnnewswire.net — Tue, 11 Aug 2009 13:00:07 GMT

Wall Street finished slightly lower overnight after the US stocks hit a fresh high on Friday. Investors locked in profits ahead of economic data due to release this week, including monthly retail sales figures and the Federal Reserve's statement on interest rates and the economy.

The Australian market yesterday ended with little change as investors were awaiting the corporate earnings this week. The benchmark S&P/ASX 200 index closed 4.7 points, or 0.1 per cent higher, at 4304.1, while the broader All Ordinaries index gained 6.1 points, or 0.1 per cent, to 4309.2.

Key Economic Facts and Figures

Dun & Bradstreet's latest National Business Expectations Survey found that 44 per cent of firms expected sales to increase in the December quarter. However, 22 per cent of businesses forecasted a decline in sales by the end of the year. The survey also found 31 per cent of executives anticipated their profits would increase in the December quarter, while 20 per cent did not. The sharp rise business expectations among executives indicated that many believed the worst of the economic slowdown was over.

The Australian Bureau of Statistics is to release lending finance data for June. The National Australia Bank monthly business survey for July and the Manpower-Melbourne Institute Employment Report for August are also due on Tuesday.

M&A News

Shares in Felix Resources (ASX:FLX) were still placed on trading halt on Tuesday pending for an announcement on a potential change of control. China's Yanzhou Coal Mining (HKG:1171)(SHA:600188) has made a takeover bid for Felix for more than A$3 billion, said sources. The deal will be reviewed by Australia's Foreign Investment Review Board.

Important Corporate News

Fortescue Metals Group (ASX:FMG) on Monday posted net profit for the year ended June 30 was $US508.04 million, compared to a loss of $US771.77 million in previous year. Revenue rose to $US1.83 billion, from $US138.29 million, after production at its Cloudbreak mine in the Pilbara ramped up during 2008/09.

JB Hi-Fi (ASX:JBH) posted a 45 per cent rise in full-year profit to A$94.4 million in the year ended June 30, from A$65.1 million a year ago. The electronic retailer expects another year of sales and earnings growth and says fiscal 2010 sales should be about A$2.8 billion, up 20 per cent.

Australian Agricultural Co (ASX:AAC) booked a net loss for the six months ended June 30 of A$30.261 million, compared to the loss of A$2.164 million in the previous corresponding period. AACo said its result was negatively impacted by severe drought and flooding as well as delays in the sale of cattle due to poor prices and difficult conditions on most of its properties. But the company expects a return to profitability in the second half of calendar 2009.

Count Financial (ASX:COU) said its net profit for the year ended 30 June 2009 had dropped to A$19.37 million, down 9.1% per cent on the previous corresponding period. The company said the results have been impacted by the global financial crisis induced weak investment markets.

Hearing implant company Cochlear (ASX:COH) has lifted its annual profit by 13 per cent to A$130.54 million in the year ended June 30, up from A$115.23 million in the previous year. The company says its results in the new financial year will be driven by the roll out of new products.

Crane Group (ASX:CRG) warned that its earnings will fall further this year after its net profit for the year to June 30 fell 29 per cent. The company said any recovery in domestic building sector demand was not expected to improve Crane's results until the second half of fiscal 2010.

Storage system group Dexion Ltd (ASX:DEX) reported a net loss of A$1.705 million in the six months to June 30, down from a net profit of A$3.715 million in the previous corresponding period. It experienced major falls in sales in Australia, offset to some extent by improvements in Asia. Dexion maintained guidance for the year as it saw improvements in the second quarter.

Primary Health Care (ASX:PRY) posted a net profit of A$108.5 million, compared with a net profit of A$7.9m a year ago, exceeding market expectations. The result came on the back of trading revenue of A$1.33 billion.

Michelle Liang
Asia Business News Asia Bureau
Tel: +61-2-9247-4344
Email: michelle.liang@abnnewswire.net

Data-inCrypt and Surf Life Saving Australia Form Partnership

newsroom@abnnewswire.net — Tue, 22 Aug 2006 10:51:55 GMT

Synergy Equities Group Limited (ASX: SYG), a diversified Internet technology systems group, is delighted to announce that its wholly owned subsidiary Data‑inCrypt Pty Ltd ("Data‑inCrypt") has entered into a corporate partnership with Surf Life Saving Australia ("SLSA"), a great Australian icon.

Through the corporate partnership, Data‑inCrypt will provide its "online data backup and recovery service", which will form an integral component of SLSA's IT disaster recovery plans in each State and the Northern Territory.
See www.data-incrypt.com/slsa

SYNERGY Managing Director Ronald Moir said the SLSA corporate partnership was an important community and business initiative.

"Surf Life Saving is a fantastic Australian community service with which we are proud to be associated. Like Data‑inCrypt, Surf Lifesaving is there to save lives and minimise disasters. We are proud to commit on a pro-bono basis to assist SLSA in its IT disaster recovery plans.

We expect our involvement will generate additional brand awareness for SYNERGY and Data‑inCrypt and ultimately build value for our shareholders.

In any event SYNERGY's shareholder base is predominantly Australian and we believe it is important as corporate citizens in our community that we support a not-for-profit organisation - Surf Life Saving - that contributes so much to the fabric of our community".

Surf Life Saving WA Chief Executive Officer Paul Andrew said the partnership with Data‑inCrypt will provide data backup for all laptops and servers in each State and the Northern Territory.

"We are grateful to Data‑inCrypt for providing this much needed service to SLSA. The possibility of losing critical computer data is always a concern and having a common data disaster recovery service for all SLSA bodies nationwide provides great peace of mind", Mr Andrew said.

About Surf Life Saving Australia

SLSA is a volunteer organisation with more than 113,000 members spread across 304 affiliated surf life saving clubs in every Australian state and the Northern Territory. In 2007, SLSA will celebrate one hundred years since the formation of the Surf Bathing Association of NSW. In commemoration of this milestone, the Federal Government has declared that 2007 will be officially known as The Year of the Surf Lifesaver.

Please visit: www.slsa.com.au

Purple Communications
Level 3, 28 Kings Park Road, WEST PERTH WA 6005
Ph: +61 8 9485 1254
Fax: +61 8 6263 0455
purple@purplecom.com.au