PLATO Learning Announces Date for Release of Third Quarter Financial Results and Conference Call and InnerWorkings Appoints Two New Board Members
City of Industry, CA --(www.USEquityNews.com)-- 08/29/2008 - Business Services industry alert provided by U.S. Equity News. PLATO Learning, Inc. (NASDAQ: TUTR), announced recently it will report its third quarter financial results on Thursday, September 4, 2008, at 3 p.m. Central Daylight Time. The Company will hold its regular quarterly conference call following the release to discuss reported results. The call will be held on Thursday, September 4, 2008, at 3:45 p.m. Central Daylight Time. The dial-in number for this call is 1.888.276.0007 in the U.S. and Canada, and 1.612.332.0107 for international callers. Attendees should call 10 minutes prior to the start of the call and inform the operator they are participating in PLATO Learning's conference call. The conference call will also be webcast via PLATO Learning's web site at http://www.plato.com/Investor-Relations/Conference-Calls.aspx. A recording of the call will be available beginning at 6:00 p.m. Central Daylight Time on September 4, 2008, until midnight on September 11, 2008. To access the recording, call 1.800.475.6701 in the U.S. and Canada and 1.320.365.3844 internationally. At the prompt, enter pass code number 878951.
Advertising Material -- The Shuman Law Firm recently announced that it is investigating the proposed acquisition of IKON Office Solutions (``IKON'') (NYSE:IKN). On August 27, 2008, IKON announced that it has entered into a definitive merger agreement with Ricoh Company, Ltd. (``Ricoh''), a Japanese company. Under the terms of the agreement, Ricoh will acquire IKON for $17.25 per share, or approximately $1.6 billion in cash. The proposed acquisition is expected to close in the fourth quarter of 2008 and is subject to customary conditions and regulatory approval. Upon closing of the transaction, IKON will become a subsidiary of Ricoh. Ricoh's offer of $17.25 per share represents a mere $1.69 premium over IKON's closing stock price of $15.56 per share the day before the proposed merger was announced and raises questions regarding whether the proposed merger is in the best interests of IKON shareholders.
InnerWorkings, Inc. (NASDAQ: INWK), a leading global provider of managed print and promotional solutions to corporate clients, recently announced that Charles K. Bobrinskoy and Eric P. Lefkofsky have been appointed to its Board of Directors, effective September 2, 2008. "Charlie and Eric's backgrounds will augment the considerable management experience of our current Board," said John R. Walter, Chairman of InnerWorkings. "Charlie's strong domestic and international financial experience coupled with Eric's entrepreneurial acumen and background in launching successful technology-driven companies, including InnerWorkings, will help us guide the Company to its next level of growth." Mr. Bobrinskoy is currently Vice Chairman, Director of Research at Ariel Investments. Additionally, he is a Co-Portfolio Manager of Ariel Focus Fund, a concentrated portfolio investing in mid-to-large cap companies. Prior to Ariel, Mr. Bobrinskoy spent 21 years as an investment banker at Salomon Brothers and its successor company, Citigroup, where he held many leadership positions, most recently Managing Director and Head of North American Investment Banking Branch Offices. In addition to his work at Ariel, Mr. Bobrinskoy serves on the boards of the Museum of Science and Industry, La Rabida Children's Foundation, the Big Shoulders Fund, the Juvenile Protective Association and Duke University's Library Board. He holds a bachelor's degree from Duke University and a Masters in Business Administration from the University of Chicago.
All Asia Licensing Inc. (Pink Sheets: AASI), recently announced that it accepted an invitation for its chief scientist to lead a workshop September 23-25 in China at a major international conference on little-known animal diseases. "This prestigious invitation from an arm of China's Ministry of Agriculture is a direct result of our recently-announced Letter of Intent to enter the bio research market to test for BSE (Bovine Spongiform Encephalopathy) also known as 'Mad Cow' Disease," according to Anthony Lee, CEO of All Asia Licensing. The National Diagnostic Center for Exotic Animal Disease of China is the main sponsor of the Third OIE (Office International des Epizooties Regional Workshop and Working Group Meeting on BSE and other Prion Diseases. The conference is also co-sponsored in Qingdao, People's Republic of China by its Animal Health and Epidemiology Center (CAHEC). The main topics at the conference will be the control of Mad Cow Disease, Rapid Prion Testing and Prion disease diagnosis. Prions are a family of rare progressive neurodegenerative disorders. The Letter of Intent announced between All Asia and its proposed joint venture partner is subject to change, completion of due diligence by both parties, creation of a final contract and approval of both Boards of Directors, among other things. All Asia Licensing Inc. is a major conduit for investors to access the rapidly growing Chinese economy. By acquiring a controlling stake in unique Chinese businesses, using its contacts to work with governmental agencies, providing capital and international-minded management, the Company enables these companies to prosper in their own industries. Working with small-to-medium sized companies, All Asia assists clients by using a comprehensive suite of services of business management, consulting services and technical support.
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