Archive for the ‘Word Press’ Category

McKinnie tweets of cut; no word from Ravens

Updated: September 4, 2012, 2:27 PM ET

Left tackle Bryant McKinnie said on Twitter on Tuesday that he's no longer with the Baltimore Ravens but later told NFL.com in a text that there still might be a chance he stays with the team.

He wrote: "Decision is made! I'm gone!" And when asked by the Baltimore Sun whether he was no longer on the team, he replied in a text message "yes," the newspaper reported.

However, he later told NFL.com in a text, "Not officially over yet just got a call." That followed a text to the website in which McKinnie said he was being released because "we couldn't come to an agreement on the restructure of my contract."

The Ravens haven't made an official announcement of any move regarding the offensive tackle.

The Ravens had been asking the 32-year-old McKinnie to take a pay cut from his $3.2 million base salary this season.

If McKinnie is released, Michael Oher would move to left tackle and rookie Kelechi Osemele would likely start at right tackle.

The 6-foot-8, 354-pound McKinnie had an average 2011 season and told team officials in March that he would get in better shape this year. A rocky offseason continued when the team kept him off the practice field for mandatory minicamp in June so he could focus on conditioning.

The Ravens picked up his $500,000 roster bonus in March after a face-to-face meeting in which he agreed to get in better shape.

McKinnie starred with Minnesota from 2002-2010 before the Vikings gave up on their former No. 1 draft pick last summer. McKinnie joined the Ravens on Aug. 24 of last year and started every game at left tackle -- considered by many to be the most important position on the offensive line.

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McKinnie tweets of cut; no word from Ravens

Mum's the word for gold medallist

Winning gold was a family affair for Belfast runner Michael McKillop when his mother presented him with his medal.

The emotional athlete, who runs for Ireland, had not been told of his mother Catherine's involvement prior to the ceremony for the T37 1,500m race. He had tears in his eyes as the medal was placed around his neck.

The pair embraced to loud cheers from the crowds at the Olympic Stadium, the outside of which was bathed in green light to honour the Irish athlete. Flowers were given to McKillop by Paralympics veteran Baroness Tanni Grey-Thompson.

It is thought to be the first time a mother has presented her son with a medal at the Games and was organised by Paralympics partner P&G.

Liam Harbison, Paralympics Ireland chef de mission said: "This is a fantastic achievement for Michael. For him to race in front of his mum at this level for the first time is special but to receive his gold medal from his mum will be a memory he will treasure forever. As a supporter of Paralympics Ireland, we are delighted P&G were able to enable an Irish athlete to enjoy such a moment."

Nathan Homer, Olympics & Paralympics Project Director at P&G, said: "This is an extraordinary accomplishment, and on behalf of P&G, I am delighted for Michael, his mum Catherine and family. And to see Catherine hand over a gold medal to her son during such an historic occasion really is something very special that the family can treasure. Congratulations."

Speaking before the medal ceremony, McKillop said of his win: "It feels unbelievable, it feels fantastic to be able to do it in a crowd so big and cheering you on the whole way.

"Even though there was a British guy in my race I felt like they were cheering for me also.

"There was nobody going to beat me on the night, especially in front of the crowd with my friends and family there."

McKillop, who has cerebral palsy, won the 800m in Beijing but was denied the chance to do the double because the longer distance was not on the programme in 2008.

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Mum's the word for gold medallist

Subtle word shifts reveal RBA readiness to act

In its announcement that it had decided to leave its cash rate unchanged at 3.5 per cent today the Reserve bank reached exactly the same conclusion as it did when it left rates on hold a month ago.

Interest rates are already "a little below their medium-term averages", it says, as it did on August 7. Inflation is not threatening to get out of control, Australia's economic growth is close to trend, and "with a more subdued international outlook than was the case a few months ago, the stance of monetary policy remained appropriate," it says, perfectly replicating its concluding statement four weeks ago.

Subtle changes in the latest communiqu suggest, however, that the the Reserve's bias towards another rate cut has become more pronounced.

It said on August 7 that current assessments were that global gross domestic product would grow "at no more than average pace in 2012." It says the same thing in today's announcement, but adds a new comment that "risks to the outlook (are) still on the downside."

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It notes again that commodity prices have declined, but also refers tacitly to the more recent startling drop in the price of iron ore, Australia's most important export earner, saying "some commodity prices of importance to Australia have fallen sharply in recent weeks."

China, Europe weakness

Its commentary on China's growth is also more cautious. A month ago, it said that China's growth had "moderated to a more sustainable pace, but does not appear to be slowing further." Today it says "Growth in China remained reasonably robust in the first half of this year, albeit well below the exceptional pace seen in recent years. Some recent indicators have been weaker, which has added to uncertainty about near-term growth"

The central bank board repeats its view of a month ago that financial markets have reacted positively to signs of progress in addressing Europe's sovereign debt problems - a reference mainly to the plan that European Central Bank President Mario Draghi is working on, to forge an ECB-European Union alliance to buy European sovereign debt, in Spain, notably, driving borrowing costs down in the process.

Now however it also says that "expectations for further progress are high" - a reference to the fact that the markets have already rallied, and that Draghi must now deliver, beginning on Thursday night when the ECB meets to draw up its plan in detail, even as interests including Germany's Bundesbank lobby against ECB intervention.

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Subtle word shifts reveal RBA readiness to act

DGAP-Adhoc: SMARTRAC announces Changes in the Management Board

SMARTRAC announces Changes in the Management Board

Amsterdam, September 3, 2012 - The Dutch Company SMARTRAC N.V. (stock abbreviation SM7) announces changes in the Management Board of the Company. The Supervisory Board will propose the appointment of M. Gregory OHara as Director A and Member of the Management Board at the SMARTRAC General Meeting of Shareholders to be held at the end of October 2012. Mr. OHara shall also be appointed Chief Executive Officer and Chairman of the Management Board.

Dr. Christian Fischer will resign from his position as CEO and Chairman of the Management Board of SMARTRAC N.V., effective September 3rd, 2012. He will, however, continue to serve as Director A of SMARTRAC N.V until December 31, 2012, and support Mr. OHara in a transition role until the end of 2012.

Mr. M. Gregory OHara is currently Chairman of Certares International Bank, LLC., and most recently served as Chief Investment Officer of JPMorgan Chases Special Investments Group. Prior to joining the private equity arm of JPMorgans One Equity Partners in 2005, he served as Executive Vice President of Worldspan and was a member of its Board of Directors. Prior to this, Mr. OHara was a management partner advising Citicorp Venture Capital and Ontario Teachers Pension Plan; served as Senior Vice President of Sabre; and worked in various capacities for Perot Systems. He also serves on the Boards of Travel Leaders Group and TV Guide Network. Mr. OHara holds a Master of Business Administration degree from Vanderbilt University.

Dr. Christian Fischer joined SMARTRAC at the end of 2005 and has been a member of the Management Board since the incorporation of SMARTRAC N.V. in January 2006. He has held the position of Chief Executive Officer (CEO) and Chairman of the Management Board since July 1, 2007. During this time, the Company has not only grown sales from EUR 25 Mio. in 2005 to some EUR 250 Mio. expected for 2012, but has also become the global leader in the RFID market as developer, manufacturer, and supplier of transponders and inlays for a broad base of applications in all current frequency standards.

About SMARTRAC: SMARTRAC is the leading developer, manufacturer, and supplier of RFID and NFC transponders and inlays. The company produces ready-made and customized transponders and inlays used in access control, animal identification, automated fare collection, border control, RFID-based car immobilizers, electronic product identification, industry, libraries and media management, laundry, logistics, mobile & smart media, public transport, retail, and many more.

SMARTRAC was founded in 2000, went public in July 2006, and trades as a stock corporation under Dutch law with its registered headquarters in Amsterdam. The company currently employs about 4,000 employees and maintains a global research and development, production, and sales network.

If you have any questions, please contact: Tanja Moehler Head of Corporate Communications & Marketing SMARTRAC N.V. Phone: +31 20 30 50 157 Email: tanja.moehler@smartrac-group.com Internet: http://www.smartrac-group.com Twitter: http://www.twitter.com/SMARTRAC_NV

Forward-looking statements: To the extent that this press release contains forward-looking statements, such statements are based on assumptions, planning and forecasts at the time of publication of this press release. Forward-looking statements always involve uncertainties. Business and economic risks and developments, the conduct of competitors, political decisions and other factors may cause the actual results to be materially different from the assumptions, planning and forecasts at the time of publication of this press release. Therefore, SMARTRAC N.V. does not assume any responsibility relating to forward-looking statements contained in this press release. Furthermore, SMARTRAC N.V. does not assume any obligation to update the forward-looking statements contained in this press release.

03.09.2012 DGAPs Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at http://www.dgap-medientreff.de and http://www.dgap.de

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DGAP-Adhoc: SMARTRAC announces Changes in the Management Board

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Feeder buses will begin plying from Juru and Bandar Perda on the mainland today to link up with the Bridge Express Shuttle Transit (Best) bus service.

Graphic: Rapid Penang

This is another positive move by the Penang state government, working together with the federally owned Rapid Penang, to expand the use of public transport in the state.

Some 800 people are presently using Best. That is close to 800 vehicles fewer on the Penang Bridge during peak hours.

Unfortunately, the federal entity, Syarikat Prasarana Negara Berhad, has not responded to the Penang state governments other plan: to allocate RM10m a year for public buses to provide free transport during peak hours on the island. Why is Prasarana not cooperating?

From the Rapid Penang website:

BEST (Bridge Express Shuttle Transit) was first introduced by Penang State Government in March 2011 as the countrys first park and ride service. The BEST service is an effort by Penang State Government to promote the use of public transport. For the past two years the daily commuter has increased up to 800 commuters. As of 3 September 2012, Penang State Government expand the service by introducing two new feeder hub at Bandar Perda and Auto City at Juru.

The express service will now depart from Bandar Sunway, Bandar Perda and Auto City Juru to FIZ Bayan Lepas, in the morning and return from FIZ area in the evening the operating period for the express service is as follows:

Morning Session : 6.10am to 8.10am Evening Session : 4.30pm to 6.50pm

Car parking will be available at Sunway Carnival Mall, Bandar Perda (opposite LHDN) and Auto City Car Park. Factory personnel can park their vehicles around this area and board the express service to Bayan Lepas FIZ. The express service will cover all areas in FIZ 1,2,3,4 , Technoplex and BLIP.

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