Showing posts with label Receives. Show all posts
Showing posts with label Receives. Show all posts

Wednesday, 21 August 2013

eDoorways Receives Significant Increase to Existing Credit Facility

Austin, TX (Vocus) November 25, 2009

eDoorways Corporation (PINKSHEETS: EDWY) announced it will receive a $ 1.5 million addition to its existing $ 500,000 credit facility following successful negotiations with the lending division of AJENE WATSON LLC, bringing the total available in the company’s revolver to $ 2.0 million.

Gary Kimmons, Chairman and CEO of eDoorways Corporation, said, “With the increase in our revolving line of credit, we believe we now have sufficient liquidity to not only bring our business plan into action at an accelerated pace but also to support the forward progress of complementing our endeavors.”

Ajene Watson, Managing Member of AJENE WATSON, LLC, stated, “The expansion of the credit facility with eDoorways should be seen as our vote of confidence as to the direction of the company and in its management.”

The financial business development and management division of Watson’s firm initially took the lead when AJENE WATSON, LLC was engaged by eDoorways to a 15-month consulting agreement in early 2008. After nearly a year of assisting the company with restructuring, organizing, developing and deploying its business plan, the lending division of Watson’s firm determined the viability of providing the web-based consumer problem-solving gateway, lifestyle information source, and online business-to-consumer marketplace with a non-collateralized credit facility of $ 500,000. At an interest rate of prime plus 2% and no requirement of registration of common stock convertibles, this financing offered the company greater flexibility with limited market dilution.

“We signed on to eDoorways when the company was trading at $ 0.006 per share, had two hundred or so shareholders, roughly a $ 180,000 market cap trading by appointment, and for all intent and purposes, not much of a company structure,” said Watson. “We renewed our consulting agreement with the company for 6 additional months in October of ’09 and today, eDoorways has traded as high as $ 0.15 per share, has approximately 4,000 shareholders and growing, a $ 30 million plus market cap and maintains a consistent trading volume of a couple of million shares daily. The company also now boasts a consulting/management staff of nearly 30 professionals and entities, including PhDs, professors, government technology contractors and professionals with access to the upper levels of the Department of Defense. The company is also demonstrating better corporate governance, financial protocol and overall operations. There is no question that the company has made significant quantifiable progress in the past two years.”

Similar to the original $ 500,000 capital infusion, the new credit facility of $ 1.5mm is also a non collateralized loan, payable year-end 2010 at a rate of prime plus 2%.

Sources close to the company indicate that despite intervening holidays, due to the current financial health of the company and available man power, eDoorways appears to be on schedule and should release its Beta 1.0 in mid to late December — keeping the company on target for the roll out of the additional versions of “SOLVE” (Beta 2.0, Beta 2.5, and the platform’s “SOLVE” Version 3.0) slated for release during 2010.

About eDoorways Corporation

For more information on eDoorways Corporation and/or the “eDoorways” initiative, please e-mail a package request to info@eDoorwaysCorp.com. You can also visit our corporate website at http://www.eDoorwaysCorp.com, make comments via the corporate blog (http://www.eDoorways.wordpress.com), follow us on Twitter (http://twitter.com/edoorways), or call toll free at (866) 482-3829.

Safe Harbor

Statements in this news release that are not historical facts, including statements about plans and expectations regarding products and opportunities, demand and acceptance of new or existing products, capital resources and future financial results are forward-looking. Forward-looking statements involve risks and uncertainties which may cause the Company’s actual results in future periods to differ materially from those expressed. These uncertainties and risks include changing consumer preferences, lack of success of new products, loss of the Company’s customers, competition and other factors discussed from time to time in the Company’s filings with the Securities and Exchange Commission.

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eDoorways Receives Significant Increase to Existing Credit Facility

Friday, 29 March 2013

Zemanta Adds Seed Funding From Union Square Ventures Seedcamp 2007 Winner Receives First Investment from U.S. Firm

London (PRWEB) September 15, 2008

Zemanta (http://www.zemanta.com), the leading provider of content creation and discovery tools for bloggers around the world, today announced that the company had received seed funding from Union Square Ventures, the first American investor for the Slovenia founded company. The funds will be used to expand the company’s business development operations in the US.

By applying advanced text-processing algorithms, Zemanta reads user-created text, such as a blog post, article or web page, and recognizes the contextual content. Zemanta then combs the web for the most relevant images, smart links, keywords and text, and instantly serves these results so the user can enrich his or her content.

“I’ve been using Zemanta for several months on my personal blogs and it’s changed the way I work. Now I write and do my research at the same time, it’s a more efficient way to blog. In addition to recommending related content for me to read (and link to), Zemanta recommends images, hyperlinks and tags, all of which are incredibly useful to me,” said Fred Wilson, partner, Union Square Ventures. “But as I’ve used Zemanta more and more, I’ve come to realize that it can and should recommend many other things to me while I create content. What Zemanta has really built is the equivalent of adwords for content creators.”

Zemanta was founded in May 2007 by Botjan petič and Andra Tori, with the goal of simplifying the creation of online content. In September 2007, Zemanta was chosen as one of the winners of Seedcamp, an annual week-long event that brings together EMEA-based entrepreneurs who compete for venture capital funding. In March, Zemanta launched its beta service for bloggers which has been enthusiastically adopted among early adopters.

“Since HTML was introduced 10 years ago, online content tools have been largely unchanged,” said Botjan petič, Zemanta’s director of products, Zemanta. “We are changing the way people blog today and our mission is to transform the way online content is produced. Now, with the guidance and connections of Union Square Group, we can take our work to the next level.”

To date, Zemanta has also raised investment capital from Eden Ventures and The Accelerator Group.

About Zemanta

Zemanta the leading provider of content creation and discovery tools for bloggers around the world, has created an easy-to-use way to up your blogging game. With Zemanta, you can reach across the Internet to bring the photos, links, tags, reblogs and documents that add depth, credibility and entertainment to your blog. More importantly they help you increase you readership and hold onto your audience. A browser plug-in that also works within your blogging service, Zemanta delivers “smart sources”, which appear as you are typing. Available for FireFox and Internet Explorer, Zemanta works with multiple blogging engines including WordPress, MovableType and TypePad, Blogger, and 7 more. Zemanta is backed by Union Square Ventures, Eden Ventures and The Accelerator Group.

Press Contact:

Bostjan Spetic

Zemanta ltd.

+386 31 565 846

bostjan @ zemanta.com

Clarissa Horowitz

Sparkpr for Zemanta

415.321.1881

clarissa @ sparkpr.com

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Zemanta Adds Seed Funding From Union Square Ventures Seedcamp 2007 Winner Receives First Investment from U.S. Firm

Saturday, 16 February 2013

Coverys Receives RPLU Supporter Award from PLUS

Boston, MA (PRWEB) November 13, 2012

Coverys, a leading provider of medical professional liability insurance, is pleased to announce that it has received the 2012 Registered Professional Liability Underwriter (RPLU) Supporter Award from the Professional Liability Underwriting Society (PLUS). The RPLU Supporter Award is given annually to an organization that participates in PLUS activities and supports the RPLU program by encouraging its professional liability staff to pursue the designation.

Coverys places a strong emphasis on education for its staff and is a dedicated supporter of PLUS in particular. As a co-sponsor of RPLU classes, Coverys continually promotes RPLU study internally with resources such as tuition reimbursement and in-house classes and instructors. Coverys employee Jennifer Burke, RPLU, senior manager product development, is also the current chair of the PLUS New England Chapter Steering Committee.

As active supporters of PLUS, we are proud to receive this award, said Gregg L. Hanson, chief executive officer and president of Coverys. PLUS provides a strong curriculum and is an excellent resource that so many of our employees have utilized for both continuing education and sharing best practices. We thank PLUS for this recognition, and also our employees who give their personal time and energy for the development of themselves and their colleagues.

PLUS is an international, non-profit association with over 7,000 members worldwide. Membership is open to persons interested in the promotion and development of the professional liability industry. The organization provides educational opportunities and programs on professional liability to enhance the professionalism of its members and the professional liability community as a whole. For more information about PLUS visit http://www.plusweb.org.

For more information about Coverys please contact Katharine Gould at kgould(at)coverys(dot)com or (617) 946-8665, or visit the companys website at http://www.coverys.com.

About Coverys

Coverys is one of the top 10 medical professional liability insurance providers in the country based on direct written premium. Coverys member companies insure more than 20,000 physicians, surgeons, dentists, certified nurse midwives and allied healthcare providers, as well as nearly 500 hospitals, health centers and clinics in 23 states from coast to coast. Coverys is committed to financial strength and stability with net admitted assets in excess of $ 3.2 billion, direct written premium of $ 375 million and policyholder surplus of $ 1.1 billion, as of December 31, 2011. In addition, all Coverys insurance member companies have a Bests Rating of A- (Excellent). Coverys emphasizes physician education and patient safety, and the company is acknowledged as a leader in providing supportive risk management services and resolute claim defense to the healthcare community. Coverys also offers a variety of interactive and relevant continuing medical education (CME) activities to healthcare providers across the country. For more information visit the Coverys website at http://www.coverys.com. Timely industry and company news can also be found on the Coverys blog at coverys.wordpress.com, on Twitter (@Coverys) and on the companys Facebook page.

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Coverys Receives RPLU Supporter Award from PLUS

Friday, 15 February 2013

Greg Albright Receives Award for Distinguished Achievement from Direct Marketing Association of Washington


VIENNA, VA (PRWEB) November 14, 2012

Greg Albright, co-founder and principal of Production Solutions, Inc. (PS), a direct marketing solutions company, will receive the Direct Marketing Association of Washington (DMAW)s highest honor, the Award for Distinguished Achievement on November 28, 2012 at the Best of Direct Spotlight on Achievement Awards Ceremony at the National Press Club.

According to the President of SmartGiving, Phyllis Freedman, Greg Albright represents the very best of the direct marketing industry and of our larger community. Through Production Solutions, he has been an innovator in the practice of direct marketing and has shared this knowledge freely for the professional advancement of individuals and the fundraising advancement of causes. More importantly, he has used his company and his own personal energy to make a difference. He has given his time and expertise tirelessly in support of the DMAW and the nonprofit sector.

During his 25 year tenure at PS, Greg conceived of and developed several innovative technology tools currently in use by PS, an internet-based bidding system, http://www.BidToPrint.com, and the firms proprietary production management software, ProSIS. He also launched and managed two company subsidiaries offering complementary data management and design services.

Greg has been a member of the DMAW for over 20 years. He currently serves on the Membership Committee of the Direct Marketing Association Nonprofit Federation (DMANF). He is also a member of the Direct Marketing Fundraisers Association (DMFA) and Association of Fundraising Professionals DC Chapter (AFPDC).

For the past six years, he has served as a member of the Sitar Arts Center Board of Directors in Washington, DC, an after-school arts program for children and families of low income. He also served as president of the Advisory Council for Training Futures, the job training and placement program of Northern Virginia Family Service (NVFS), from 1996 -2004.

Tiffany Neill, Senior Vice President of one of the premier fundraising agencies in the country, Lautman, Maska, Neill and Company, uniquely summed up Albrights reason for being honored by DMAW: It is not only for his ability to stay on the cutting edge of the industry as well as his volunteer work for the industry and organizations about which he is passionate, but, she goes on to say, he [also] deserves it for what he has not done. Greg says ‘no’ when he can’t give 100 percent to something, when he doesn’t have the capacity or the answers. And, then he generously finds someone else who can help. As a result, when he does something, he always excels.

Albright will now be ranked among such greats in the direct marketing community who have been bestowed the same honor: Rick Whelan of Marketing General, Pat Silver of Silver Marketing and Roger Craver, founder of Craver, Mathews, Smith and Company. For more information about the Best of Direct on Wednesday, November 28, from 6pm 9pm at the National Press Club, visit: http://www.dmaw.org.

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Production Solutions (PS) is one of the nations top nonprofit production management and marketing solutions companies. Established in 1986, PS innovates formats and manages the mailings of hundreds of millions of pieces of fundraising and marketing materials every year for organizations such as American Heart Association and Habitat for Humanity. PS commitment to logistics, detail, ease-of-process, consistency and quality keeps their reputation steady and growing. http://productioninterrupted.wordpress.com







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Greg Albright Receives Award for Distinguished Achievement from Direct Marketing Association of Washington

Wednesday, 30 January 2013

Direct Marketing Leader, Greg Albright Receives Highest Honor by DMAW


VIENNA, VA (PRWEB) December 04, 2012

Greg Albright, co-founder and partner of Production Solutions, Inc. (PS), a national direct marketing solutions company, received the highest honor of achievement by the Direct Marketing Association of Washington (DMAW)s Best of Direct Spotlight on Achievement Awards Ceremony yesterday at the National Press Club, Washington, DC.

Surrounded by direct marketing heavy-hitters the likes of Rick Whelan of Marketing General, Alexandria, VA and Phyllis Freedman, President of SmartGiving, Washington, DC, Albright graciously accepted the Award for Distinguished Achievement before an audience of over 250 marketers, and his family from CA and NY.

This achievement can be directly linked to my passion for what I do every daywithout passion, this would just be a job. Promoting philanthropy by marketing non-profit organizations missions and messages is my life, he shared with the crowd that gave him two standing ovations.

During his 25 year tenure at PS, Greg conceived of and developed several innovative technology tools currently in use by PS, an internet-based bidding system, http://www.BidToPrint.com , and the firms proprietary production management software, ProSIS. He also launched and managed two company subsidiaries offering complementary data management and design services.

Greg has been a member of the DMAW for over 20 years. He currently serves on the Membership Committee of the Direct Marketing Association Nonprofit Federation (DMANF). He is also a member of the Direct Marketing Fundraisers Association (DMFA) and Association of Fundraising Professionals DC Chapter (AFPDC).

A long-time resident of Adams Morgan, Washington, DC, Greg has volunteered on the Sitar Arts Center Board of Directors in Washington, DC, an after-school arts program for children and families of low income for the past six years. He also served as president of the Advisory Council for Training Futures, the job training and placement program of Northern Virginia Family Service (NVFS), from 1996 -2004.

Tiffany Neill, partner of one of the top fundraising agencies in the country, Lautman, Maska, Neill and Company, uniquely summed up Albrights reason for being honored by DMAW: It is not only for his ability to stay on the cutting edge of the industry as well as his volunteer work for the [direct marketing world] and organizations about which he is passionate, but, she goes on to say, he [also] deserves it for what he has not done. Greg says ‘no’ when he can’t give 100 percent to something, when he doesn’t have the capacity or the answers. And, then he generously finds someone else who can help. As a result, when he does something, he always excels.

Albright will now be ranked among such greats in the direct marketing community who have been bestowed the same honor: Austin Kiplinger of the Kiplinger Report, and Roger Craver, founder of Craver, Mathews, Smith and Company and founder/publisher of Washington, DCs famous, the Hotline, a precursor of The National Journal.

For more information about the Best of Direct visit: http://www.dmaw.org/2012/the-best-of-direct-wednesday-november-28/.

Production Solutions (PS) is one of the nations top nonprofit production management and marketing solutions companies. Established in 1986, PS innovates formats and manages the mailings of hundreds of millions of pieces of fundraising and marketing materials every year for organizations such as Heifer International, American Heart Association and Habitat for Humanity. PS commitment to logistics, detail, ease-of-process, consistency and quality keeps their reputation steady and growing. http://productioninterrupted.wordpress.com








Direct Marketing Leader, Greg Albright Receives Highest Honor by DMAW