First Business Bank and 1st Pacific Bank of California Agree to Merger

17 Jul 2009 01:10 Africa/Lagos

First Business Bank and 1st Pacific Bank of California Agree to Merger

Combined Banks to Have Approximately $500 Million in Assets, 11 Local Offices and a Business Banking Focus

SAN DIEGO, July 16 /PRNewswire-FirstCall/ -- First Business Bank (OTC Bulletin Board: FBBN) and 1st Pacific Bancorp (NASDAQ:FPBN) today announced that they have signed a definitive merger agreement under which 1st Pacific Bank of California, 1st Pacific Bancorp's banking subsidiary, will merge with First Business Bank.


Under the terms of the agreement, each outstanding share of 1st Pacific Bancorp will receive $1.40 per share in cash and a percentage of the recoveries of certain charged-off loans and a lawsuit. The initial cash payment to 1st Pacific Bancorp shareholders represents a transaction value of approximately $7.0 million. Shareholders of First Business Bank will become the shareholders of 1st Pacific Bancorp.


The banking subsidiary will operate a total of 11 branch offices and will retain the name 1st Pacific Bank of California. First Business Bank's three full-service offices in Del Mar Heights, Carlsbad and Ramona will be rebranded. Corporate headquarters functions will be consolidated at 1st Pacific Bank's corporate headquarters in University Towne Center. 1st Pacific Bank's eight offices in La Jolla, Solana Beach, University Towne Center, Mission Valley, Tri-Cities, Inland North County, El Cajon and Downtown San Diego will also continue to operate.


Nathan L. Rogge, President and Chief Executive Officer of First Business Bank, will continue in that capacity for the combined company. In addition, the six directors of First Business Bank will become the directors of 1st Pacific Bancorp and the merged bank. When the transaction is completed, two members of 1st Pacific Bank's Board of Directors are also expected to continue on as part of the board.


The transaction is subject to shareholder and regulatory approvals and is expected to close in the fourth quarter of this year.


"This transaction meets the needs of both companies," said Rogge. "We have wanted to expand into additional markets in the region, and the bank's increased asset size and combined resources will allow us to operate more efficiently and profitably while delivering more products and services to a larger customer base."


Ronald Carlson, 1st Pacific's Chairman, President and Chief Executive Officer, added, "First Business Bank is one of the highest capitalized banks in the San Diego market and the financial strength of the combined company will be of great value to our customers."


As of June 30, First Business Bank had a total risk-based capital ratio of 23.75% and a leverage ratio of 16.85%. A 10% total risk-based capital ratio is required for a bank to be considered "well-capitalized." Rogge noted that First Business Bank's principal shareholder, Ernest Auerbach, has committed to infuse substantial additional capital into the bank to facilitate the transaction and to enhance the regulatory capital ratios of the combined bank.


Rogge said the combined company will continue to emphasize a strategy of providing commercial banking services to small and medium-sized businesses and professionals that can best be served by a local bank offering a portfolio of loan and deposit products tailored to meet their specialized needs.


"Both companies have experienced managements and talented staffs with deep local market knowledge in the San Diego business banking community," said Rogge. "With a strong capital base, safe and sound banking practices, and dedicated local ownership and management, we expect the combination to be a formidable competitor in this region for many years to come."


First Business Bank was advised by Keefe, Bruyette & Woods, Inc. and Horgan, Rosen, Beckham & Coren, L.L.P. 1st Pacific Bancorp was advised by Sandler O'Neill + Partners, L.P. and Luce, Forward, Hamilton & Scripps LLP.


First Business Bank is exclusively focused on serving the special needs of professionals and small and medium-sized enterprises. Established in 2001, First Business Bank is dedicated to providing business professionals with simple, fast and effective solutions. Experienced bankers deliver highly tailored financial solutions while providing customers with educational and networking opportunities. For more information, contact First Business Bank at (858) 847-4780, 12265 El Camino Real, Suite 100, San Diego, CA 92130, or visit the company's website at www.fbbank.com.


1st Pacific Bank of California is a San Diego community business bank. The bank offers a full complement of business products and services to meet the financial needs of professional firms, small to mid-sized businesses, their owners and the employees who work there. For additional information about 1st Pacific Bank, visit the company's website at www.1stpacbank.com.


Contacts: Rumpasri Chicharoen, First Business Bank 858-847-4780
Dan Peoples, Peoples & Company 858-552-1456

Ronald J. Carlson, Chairman, President and CEO,
1st Pacific Bank of California
858-875-2005
James H. Burgess, EVP/Chief Financial Officer,
1st Pacific Bank of California
858-875-2008

Forward-Looking Statements


This release may contain forward-looking statements, which are included in accordance with the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and, accordingly, the cautionary statements contained in 1st Pacific Bancorp's Annual Report on Form 10-K for the year ended Dec. 31, 2008 (See Item I -- Business, and Item 7 -- Management's Discussion and Analysis of Consolidated Financial Condition and Results of Operations), and other filings with the Securities and Exchange Commission or the Board of Governors of the Federal Reserve System are incorporated herein by reference. These factors include, but are not limited to: the effect of interest rate and currency exchange fluctuations; competition in the financial services market for both deposits and loans; the ability to efficiently incorporate acquisitions into current operations; the ability of the two institutions to increase their customer bases; the effect of regulatory and legislative action; and regional and general economic conditions. Actual results and performance in future periods may be materially different from any future results or performance suggested by the forward-looking statements in this release. Such forward-looking statements speak only as of the date of this release. First Business Bank and 1st Pacific Bancorp expressly disclaim any obligation to update or revise any forward-looking statements found herein to reflect any changes in their expectations of results or any change in events.


Participants in a Solicitation


This release does not constitute an offer to sell securities or a solicitation of an offer to buy and does not constitute solicitation material in respect of the proposed acquisition of 1st Pacific Bancorp by First Business Bank. In connection with the proposed transaction, First Business Bank and 1st Pacific Bancorp will prepare a Proxy Statement/Prospectus containing all relevant disclosures which either will be filed with the SEC or, pursuant to an exemption, will be filed with the California Department of Corporations. SHAREHOLDERS OF 1ST PACIFIC BANCORP AND FIRST BUSINESS BANK ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS BECAUSE IT WILL CONTAIN IMPORTANT INFORMATION ABOUT 1ST PACIFIC BANCORP AND FIRST BUSINESS BANK AND THE PROPOSED TRANSACTION. The Proxy Statement/Prospectus will be mailed to shareholders in advance of special meetings of shareholders that will be held to consider the proposed transaction.


First Business Bank, 1st Pacific Bancorp, and their directors, executive officers and other members of their management and employees, may be deemed to be participants in the solicitation of proxies in respect of the proposed acquisition. Information about the directors and executive officers of First Business Bank and 1st Pacific Bancorp and their stock ownership of their respective institution will be included in the Proxy Statement/Prospectus, when it becomes available.


Source: First Business Bank

CONTACT: Rumpasri Chicharoen of First Business Bank, +1-858-847-4780; or
Dan Peoples of Peoples & Company, +1-858-552-1456, for First Business Bank; or
Ronald J. Carlson, Chairman, President and CEO, +1-858-875-2005, or James H.
Burgess, EVP/Chief Financial Officer, +1-858-875-2008, both of 1st Pacific
Bank of California


Web Site: http://www.fbbank.com/
http://www.1stpacbank.com/


Releases displayed in Africa/Lagos time
17 Jul 2009
12:24
New York Life International Asia Restructures Senior Management Team for Success
12:05
CNOOC Ltd and Sinopec Jointly Acquire 20% Interests of Block 32 in Angola
12:00
Bank of America Earns $3.2 Billion in Second Quarter
12:00
A. O. Smith Announces Second Quarter Results Exceeding Analysts' Estimates; Company Increases and Narrows Annual Guidance
11:49
Sierra Bancorp Declares Quarterly Cash Dividend
11:33
TANDBERG Reports 2nd Quarter 2009 Results
11:00
Finkelstein Thompson LLP Announces Pendency of Class Action Against UTStarcom, et al. and Proposed Settlement
11:00
APAX Global Payment and Technologies Expanding Services Within the Latin American and Caribbean Market
11:00
Prosperity Bancshares, Inc.(R) Reports Strong Second Quarter Earnings
11:00
Baidu to Report Second Quarter 2009 Financial Results on July 23, 2009
08:40
Jean-Laurent Granier appointed CEO of the Mediterranean-Latin America Region and joins AXA's Executive Committee
08:00
Tetragon Financial Group Limited (TFG) Monthly Update For June 2009
07:30
MultiNational Underwriters Is Now HCC Medical Insurance Services
07:00
Endeavour to Present at Annual Enercom Oil and Gas Conference
06:37
Essilor : First Half 2009 Revenue
06:35
Essilor: Chiffre d'affaires du 1er semestre 2009
02:00
SVB Financial Group Announces Date and Time of Quarterly Earnings Call
01:10
First Business Bank and 1st Pacific Bank of California Agree to Merger
01:03
Meredith to Report Fiscal 2009 and Fourth Quarter Results
00:30
The First American Corporation to Hold Conference Call to Discuss Financial Results for the Second Quarter 2009

Video: Esurance Launches Bollywood Casting Call

Esurance Launches Bollywood Casting Call


Lucky Winner Will Get Animated in a Bollywood Music Video with Erin Esurance
SAN FRANCISCO, CA - July 16, 2009 - /PRNewswire/ — Esurance, the direct-to-consumer personal auto insurance company, announced the recent launch of its Bollywood Casting Call, in partnership with IFC and Saavn, the world's largest digital distributor of Bollywood entertainment.

Visitors to http://www.esurance.com/Bollywood will have the chance to enter the Esurance Bollywood Casting Call Contest. Participants will submit videos of re-enactments of their favorite Bollywood movie scenes. The winning entrant will star in an Esurance Bollywood music video that will premiere in September during "Wake Up To Bollywood," a special presentation of Bollywood films airing each Sunday morning at 10 AM ET/PT, exclusively on IFC.

Get Singing. Get Dancing. Get Animated. Esurance Bollywood Casting Call!*
Fans of Bollywood and newcomers alike can enter the Esurance Bollywood Casting Call at http://www.esurance.com/Bollywood. Show off your moves by re-enacting your favorite Bollywood movie scene and submit your video. The person who enters the winning submission will be animated into an Esurance Bollywood-style music video featuring the company's animated icon Erin Esurance. Bollywood fans can submit their videos for the Esurance Bollywood Casting Call until noon Pacific Time on July 31, 2009.

Stay tuned for the premiere of the Esurance Bollywood music video in September on IFC. To enter today, and for full contest rules, visit http://www.esurance.com/Bollywood

About Esurance®
Esurance, a subsidiary of White Mountains Insurance Group, Ltd. (NYSE: WTM), provides personal auto insurance direct to consumers online and through select online agents. Esurance is dedicated to constantly improving the way people shop for, buy, and manage their auto insurance. By combining the best of technology with industry know-how, Esurance is able to offer hassle-free coverage with 24/7 customer service and claims handling at competitive prices.

Esurance has differentiated itself with its animated advertising campaign featuring the iconic cartoon secret agent, Erin Esurance. The advertisements have garnered attention for their unique use of Flash animation, and, in 2008, live action elements featuring real customers. Visitors to Esurance's award-winning Web site can view all the auto insurance company's unique user-generated content promotions at http://www.esurance.com.

About IFC
Operating under the mantra "always, uncut," IFC (The Independent Film Channel) recommends and creates genre-bending content that indulges the alternative culture obsessions of our influential audience and makes it available across multiple platforms: on-air, online (http://www.ifc.com) and On Demand. In pursuit of what's new, next and relevant, IFC creates original non-traditional comedies like The Whitest Kids U' Know and Z Rock and irreverent non-fiction such as The IFC Media Project. IFC's original programming airs alongside a comprehensive independent film library of award-winning titles and cult classics, as well as content inspired by music, web, gaming, animation, news, culture and more. IFC broadens the audience for independent culture through its exclusive live coverage of notable film and music events like the Independent Spirit Awards and South by Southwest. The network's On Demand offering, IFC Free, gives audiences the opportunity to watch premieres of all of IFC's original series before they air on the linear network. IFC Media Lab Studios offers financing, professional development and distribution opportunities for aspiring film makers. IFC is a subsidiary of Rainbow Media Holdings LLC.

About Saavn
Saavn brings the best of Bollywood and Indian entertainment to the world. As the largest digital distributor in Bollywood, Saavn owns the digital rights thousands of movies, music tracks, music videos, and ringtones. Saavn programs, packages and distributes its exclusive catalog and new Bollywood releases to more than 75 global media companies including Time Warner Cable, Cablevision, NetFlix, Verizon Wireless and Apple's iTunes. Saavn is a joint venture of [212]MEDIA and Hungama Mobile, and the company has offices in Mumbai, London, New York, Los Angeles, and Toronto. To find out more, visit: http://www.saavn.com.

*NO PURCHASE NECESSARY TO ENTER OR WIN. A PURCHASE WILL NOT INCREASE YOUR CHANCES OF WINNING. No purchase necessary. Open to legal residents of 1 of the 50 US states or DC, age of majority or older. Contest ends noon PDT 7/31/09. Void where prohibited. See official rules at esurance-dot-com-slash-Bollywood.

Esurance Contact:
Susan MacTavish Best
Best Public Relations
susan@bestpr.net
415.505.0301

REVEALED TODAY – THE ALL NEW 2010 JAGUAR XJ

REVEALED TODAY – THE ALL NEW 2010 JAGUAR XJ

The All New XJ brings a bold and daring new spirit to automotive luxury

MAHWAH, N.J., JULY 9, 2009 /PRNewswire/ — Jaguar proudly revealed the all new 2010 Jaguar XJ today in London. The iconic XJ offers a seductive mix of striking design and robust performance made possible by Jaguar's aerospace-inspired light weight aluminum body technology. The all new Jaguar XJ will go on sale in December 2009, with a starting price of $72,500 MSRP. It is available to order today for delivery in early 2010.

Building on the success of the XK and XF, the new XJ is the third step in the revitalization of the Jaguar brand and redefines the world's perception of a large sports sedan. The new XJ will be available in both standard and long wheelbase models. The long wheelbase offers an even more sumptuous and refined environment for rear-seat passengers with an additional five inches of legroom while the XJ's trunk features power opening and closing for convenient access to the 15.2 cu. ft. storage space (with standard alloy space saver spare wheel).

The all new Jaguar XJ brings new standards of sustainability to the luxury vehicle segment. Its lightweight aluminum structure makes it at least 300 lbs. lighter over steel body construction, and is made with 50 percent recycled material allowing the XJ to minimize its carbon footprint and create a potential savings of three tons of CO2 per vehicle, compared to a body shell made entirely of new aluminum. These aerospace-inspired aluminum body technologies also provide benefits to performance, handling and fuel economy, while delivering increased strength, refinement and safety.

"The launch of the all new Jaguar XJ marks a major milestone for Jaguar in North America, which is expected to be the world's largest Jaguar XJ market," says Gary Temple, President of Jaguar Land Rover North America. "The debut of our ultimate four-door flagship follows recent recognition for exceptional dependability and clearly demonstrates our commitment to producing the finest cars in the world – fast, beautiful cars that offer luxury, performance and first-rate quality."

The first impression of the all new XJ is its visual assertiveness. The XJ's sleek lines are complemented by a taut waistline, which further accentuates the impression of length and elegance, and creates a natural tension as it fades from the front arch into the middle section of the car before reappearing as a strong haunch towards the rear.

The New XJ offers a modern reinterpretation of a number of key XJ design cues while maintaining the highest standards of personal luxury. This is evident in how the strong, muscular lower half of the car contrasts with the slim and graceful quality of the roofline – a nod to the original 1968 XJ sedan.

A standard panoramic glass roof is an integral part of the all new XJ's design, enabling the car to have a lower, more streamlined roofline, while dramatically enhancing the feeling of light and space inside. The LED light clusters wrap stylishly over the rear fenders, and feature three dramatic red vertical strips while the elongated teardrop shape of the side windows establishes the car's silhouette. The rear of the all new XJ is notable for its pure, sculpted shape. With a conscious absence of ornamentation, the rear features only a single leaping Jaguar.

The face of the all new 2010 XJ is confident, with a wide front track and short overhang contributing to the finely judged proportions. The nose of the car follows Jaguar's new design language with a bold and assertive treatment – the powerful mesh grille and slim xenon headlights create a strong road presence while the wrap-around rear screen reduces the visual weight of the pillars and gives the impression of an exotic "floating" roof.

"The new XJ is a thoroughly modern interpretation of the quintessential Jaguar," says Ian Callum, Design Director, Jaguar Cars. "Its visual impact stems from the elongated teardrop shape of the car's side windows; that powerful stance and its wide track. It is the most emphatic statement yet of Jaguar's new design direction."

The sleek design and refined luxury is continued inside the all new XJ by mixing newly advanced technologies and contemporary design to create an environment more akin to a state-of-the-art living space than a car cabin. The overriding impression from the interior is a sense of personal space that is enhanced by the clean, simple form of the leather-wrapped instrument panel sitting low across the vehicle. At the center of the instrument panel is an analog clock with individual chrome chaplets, a spun metal face and iridescent blue background; a look inspired by luxury watches.

The all new XJ's cabin is a marvel in its own right, blending elegant, contemporary design with the comfort, luxury and unmistakable sporting style of a Jaguar. Chrome and piano black detailing provide an eye-catching contrast to the beautifully crafted leather and veneer surfaces. To further complement the cabin design is a level of choice in colors, veneers and leathers not seen before in a Jaguar. Four specification levels – XJ, XJL, Supercharged and Supersport – allow the customer to tailor the car to suit their tastes. The top-of-the-range Supersport provides the ultimate expression of performance and luxury, with a specification that includes a leather headlining, semi-aniline leather seats and veneers with laser inlays.

Stunning, 12.3-inch high-definition Virtual Instruments™ complement an innovative 8-inch Touch-screen that displays vehicle functions ranging from audio and video to navigation and climate control. Premium surround sound options include the top-of-the-range 1200W Bowers & Wilkins system, which is standard on the Supercharged and Supersport models. Advanced infotainment features also include hard drive-based audio and navigation systems, and comprehensive connectivity for portable audio and video devices via the powerful Media Hub.

The all new XJ's beauty is much more than skin-deep. All engines transmit power through an enhanced version of Jaguar's acclaimed electronically controlled, six-speed automatic transmission which has a fully-adaptive shift system that delivers extremely smooth gear changes and works to balance performance and economy.

With the XJ, Jaguar has built upon its leading quality performance using the latest virtual product technologies. These proven Jaguar dynamic technologies are taken to new levels in the all new XJ. Features such as air suspension, Adaptive Dynamics (continuously variable damping), Active Differential Control (on Supercharged and Supersport) and quick-ratio power steering deliver the blend of responsive, dynamic handling and a refined, supple ride expected from a Jaguar.

The new XJ will be available in the US with a choice of three engines – a 5.0 liter 385hp naturally aspirated V8, 5.0 liter 470hp supercharged V8 and a 5.0 liter 510hp supercharged V8. In naturally-aspirated form, the XJ develops 380 lb.-ft. of torque. The supercharged versions develop 424 lb.-ft. and 461 lb.-ft. of torque, respectively. All three engines combine deft performance, unparalleled character, peerless pedigree, and have a classic Jaguar blend of strength and precision.

The all new 2010 Jaguar XJ delivers a driving experience that is just as memorable as the car's sleek and alluring appearance, combining responsive, sporting dynamics with the luxurious drive expected from a Jaguar.



All New Jaguar XJ At-A-Glance

As the company's ultimate four-door flagship, the all new XJ extends the appeal of the legendary XJ line to a new generation of customers.
The all new XJ will be available in the US with a choice of three engines – a 5.0 liter 385hp naturally aspirated V8, 5.0 liter 470hp supercharged V8 and a 5.0 liter 510hp supercharged V8. In naturally-aspirated form, the XJ develops 380 lb. ft. of torque. The supercharged versions develop 424 lb. ft. and 461 lb. ft. of torque, respectively.
The new XJ features both standard and long wheelbase models. The long wheelbase offers an even more sumptuous and refined environment for rear-seat passengers with an additional five inches of legroom while the XJ's trunk features power opening and closing for convenient access to the 15.2 cu. ft. storage space (with standard alloy space saver spare wheel).
The new Jaguar XJ is constructed using Jaguar's aerospace-inspired aluminum body technology, which makes the XJ at least 300 lbs. lighter over steel body construction; providing benefits to performance, handling and fuel economy, while delivering increased strength, refinement and safety.
Key driver aids on the new XJ include Adaptive Dynamics (continuously variable damping), Active Differential Control (available only on Supercharged and Supersport), and Sequential Shift System for manual gear selection, with shift paddles mounted behind the steering wheel and quick-ratio power steering.
The new XJ comes standard with a CD/DVD player, HD radio, and a SIRIUS™ satellite radio receiver. In addition, the Media Hub provides flexible connectivity through two USB ports, Bluetooth® audio streaming and an auxiliary input, which allow the user to connect with iPods®, iPhones™, laptops and Blackberrys®.
A 12.3-inch high-definition screen, which uses sophisticated – and beautifully detailed – Virtual Instruments™, provides all of the functions performed by traditional dials.
A panoramic glass roof is an integral part of the all new XJ's design, enabling the car to have a lower, more streamlined roofline, while dramatically enhancing the feeling of light and space inside.
The all new Jaguar XJ can be ordered today for delivery in early 2010 and will go on sale in December 2009, with a starting price of $72,500 MSRP.
The All New XJ Model Line Will Include:

5.0-liter naturally aspirated XJ and XJL (385hp) with a $72,500 and 79,500 MSRP, respectively
5.0-liter XJ and XJL Supercharged (470hp) with a $87,500 and $90,500 MSRP, respectively
5.0-liter XJ and XJL Supersport (510hp) with a $112,000 and $115,000 MSRP, respectively


From its beginning as a manufacturer of motorcycle sidecars in 1922, Jaguar Cars has grown to become one of the world's premier manufacturers of luxury sedans and sports cars and with that, one of the most recognized commercial brands. The company's vision is simple: To produce beautiful fast cars that are desired the world over. The company operates two manufacturing plants in the United Kingdom and is fully engaged in environmental programs, community work and brand awareness exercises such as motorsports.


Related Links
www.interactivejaguar.com

www.thenewsmarket.com/jaguar

www.jaguarxjmedia.com

http://us.mediajaguar.com

www.jaguarpicturedesk.com

Related Documents
Revealed Today - The All New 2010 Jaguar XJ

Jaguar Canada Announces All New 2010 XJ

All New XJ Press Pack

All New XJ Tech Specs

Contacts
Stuart Schorr
Vice President of Communications
201.760.8561

sschorr@jaguarlandrover.com


Leah Watkins-Hall
Manager of Corporate,
Interactive & Lifestyle Communications
201.760.8578

lwatki40@jaguarlandrover.com


Mia Bae
Media Communications Officer
201.818.8025

mbae1@jaguarlandrover.com

Photos: Samsung Announces First TCO Certified Netbook - Mercury Free, Ultra Energy-Efficient and Ergonomically Designed.

Samsung announces first TCO Certified Netbook - mercury free, ultra energy-efficient and ergonomically designed.
Stockholm, Sweden

The Samsung N120 ultralight netbook is today announced as the first in the world to achieve the leading environmental and usability standard, TCO Certified. Free from mercury and other hazardous materials, offering outstanding energy efficiency and ergonomically designed keyboard and display - the N120 now adds the worlds toughest environmental and usability certifications - TCO Certified - to its list of features.

A TCO certified netbook is completely mercury free and offers an LED backlit display, making it significantly more energy efficient than other portable computers. This particular netbook has met the toughest energy standards on the market today and has been fully tested by Nemko, an independent test laboratory, comments Helena Nordin Product Manager, Notebooks at TCO. Nordin continues "Now users can choose a netbook that meets the TCO requirements - that's a really positive development for consumers looking to make a product choice that offers high performance with minimal impact on the climate and natural environment. TCO Certified is really more than an eco-label. We go beyond green by combining features such as good picture quality and ergonomic design with the toughest environmental requirements on the market today."

Netbooks - small, thin, lightweight and energy efficient portable computers have experienced explosive growth among consumers, students and even business users looking for an easy to use, mobile and cost effective alternative to a full size notebook computer. Its smaller size is also a green advantage, as less energy is used in the manufacture and use phases of the product life.

"We are proud that the N120 is the first netbook achieving TCO certification which leads consumers to regard Samsung computers as safe and user friendly products. Samsung's commitment to the environment is one of our top values and we are constantly trying to develop our products to be qualified for TCO standards." comments Kyu Uhm, Vice President of Samsung Computer Systems Division.

About TCO Certified
TCO Certified is a third party certification for high performance ICT products that are also designed for minimal environmental impact. Since 1992 the TCO certification program has had a significant influence on improved image quality and ergonomics for displays and PCs, as well as the reduction of electromagnetic emissions from ICT products. Energy Efficiency and reduced usage of hazardous substances are also key aspects of TCO Certified. Computer users and purchasers use TCO Certified as a tool to select products that meet their green objectives while at the same time ensuring the performance they demand.

About Samsung Electronics
Samsung Electronics Co., Ltd. is a global leader in semiconductor, telecommunication, digital media and digital convergence technologies with 2007 consolidated sales of US$105 billion. Employing approximately 150,000 people in 134 offices in 62 countries, the company consists of four main business units: Digital Media Business, LCD Business, Semiconductor Business, and Telecommunication Business. Recognized as one of the fastest growing global brands, Samsung Electronics is a leading producer of digital TVs, memory chips, mobile phones and TFT-LCDs.

For more information contact:
Helena Nordin, Product Manager, Notebook Computers, TCO Development, +46, 8 782 91 09,
helena.nordin@tco.se

Emma Sjögren, Project Manager, Environment, TCO Development, +46 8 782 91 95,
emma.sjogren@tco.se

Clare Hobby, Regional Manager North America, TCO Development 310-801 8769,
clare.hobby@tco.se

Contacts at Samsung:
Mini Yun , Senior Manager , Strategic Marketing Team, Computer System Div.
miniyun@samsung.com

For more information on TCO Certified, log onto www.tcodevelopment.com or our Press room at PR Newswire www.prnewswire.com


Contacts:
Helena Nordin
Product Manager Notebooks
TCO Development
+46 8 782 9109
helena.nordin@tco.se


Clare Hobby
Regional Manager North America
TCO Development
+1 310 801 8769
clare.hobby@tco.se
Martin Söderberg
Regional Manager Asia
TCO Development
+886 2 2729 0186
martin.soderberg@tco.se


Marianne Welin
Manager PR & Media
TCO Development
+46 8 782 91 87
marianne.welin@tco.se


Translations
Arabic
Chinese Simplified
Chinese Traditional
French
German
Hindi
Japanese
Korean
Malay
Norwegian
Portuguese
Spanish
Swedish

As We Launch Startup Weekend Nigeria...

While we are still mourning Michael Jackson, I cannot help but remind millions of his fans all over the word about the lyrics of one of his all time classic Pop songs Keep the Faith and this song is quite an awesome inspiration for my mission and vision for the launch of Startup Weekend Nigeria.

Our faith is the greatest pillar of our strength on earth.
The level of your faith will determine the level of your strength to overcome all the temptations, trials and weaknesses of life and to achieve the zenith of success.

Keep The Faith lyrics

If You Call Out Loud
Will It Get Inside
Through The Heart Of Your Surrender
To Your Alibis
And You Can Say The Words
Like You Understand
But The Power's In Believing
So Give Yourself
A Chance * 'Cause You Can
Climb The Highest Mountain
Swim The Deepest Sea, Hee
All You
Need Is The Will To Wart It
And Uhh, Little Self-Esteem
So Keep The Faith
Don't Let Nobody Turn You 'Round
You Gotta Know When It's Good To Go
To Get Your Dreams
Up Off The Ground
Keep The Faith, Baby, Yea
Because It's Just
A Matter Of Time
Before Your Confidence Will Win Out
Believe In Yourself
No Matter What It's Gon' Take
You Can Be A Winner
But You Got
To Keep The Faith
...Gon' Keep It Brother
You Got It * And When You Think Of Trust
Does It Lead You Home
To A Place That You Only Dream Of
When You're All Alone
And You Can Go
By Feel 'Stead Of Circumstance
But The Power's In Beliving
So Give Yourself A Chance
I Know That You Can Sail Across The Water
Float Across The Sky, High
Any Road That You Take
Will Get You There
If You Only Try
So Keep The Faith, Ow
Don't Let Nobody Take You Down,
Brother
Just Keep Your Eyes On The Prize And Your Feet
Flat On The Ground
Keep The Faith, Baby, Yea
Because It's Just A Matter Of Time
Before Your Confidence Will Win Out *
I Told My Brother How To Do The Thing Right
Lift Up Your Head And Show The World You Got Pride
Go For What You Want
Don't Let 'Em Get In Your Way
You Can Be A Winner
But You Got To Keep The Faith
Gon' Keep It Brother
You Got It
I Know That Keepin' The Faith
Means Never Givin' Up On Love
But The Power That Love Has To Make It Right
Makes It Makes It Right
Keep The Faith
Don't Let Nobody Turn You 'Round Brother
You Got To KnowWhen It's Good To Go
To Get Your Dreams Up Off The Ground
Keep The Faith Baby, Yea
Because It's Just A Matter Of Time
Before Your Confidence Will Win Out
Better Stand Up And Act Like You Wanna Do Right
Don't Play The Fool For The Rest Of Your Life
Work On It Brother And You'll Make It
Someday Go For What You Want
And Don't Forget The Faith
Look At Yourself
And What You Doin' Right Now
Stand Back A Minute
Just To Check Yourself Out
Straighten Out Your Life
And How You're Livin' Each Day
Get Yourself Together
'Cause You Got To Keep The Faith
Uh, Uh, Uh
Don't Let Nobody Take You Down, Brother
Just Keep Your Eyes On The Prize
And Your Feet Flat On The Ground
Keep The Faith, Baby, Yea
Because It's Just A Matter Of Time
Before Your Confidence Will Win Out
Lift Up Your Mind
Before Your Mind Gets Blown
Some Things In Life
You Best Just Leave Them Alone
Go For What You Want
Don't Let It Get In Your Way
You Can Make It Happen
But Ya Got Ta Keep The Faith
Gon' Keep It Brother
You Got To Keep The Faith
Yeah Keep The Faith
Gon' Keep It Sister
You Got To Keep The Faith
Now, Now
I'll Show My Brotha
How To Do The Thing Right
Lift Up Your Head
And Show The World You Got Pride
Go For What You Want
Don't Let 'Em Get In Your Way
You Can Be A Winner
If You Keep The Faith
Straighten Out Yourself
And Get Your Mind On Track
Dust Off Your Butt
And Get Your Self-Respect Back
You've Known Me Long Enough
To Know That I Don't Play
Take It Like You Want It
But You Got To Keep The Faith Gon'
Don't Let Nobody Take You Down
Just Keep Your Eyes On The Prize
And Get Your Feet Back On The Ground
Keep The Faith, Baby, Yea
Because It's Lust
A Matter Of Time
Before Your Confidence Will Win Out
But Till That Day I Said You've Got To Keep The Faith!


Startup Weekend Nigeria is part of the startups revolution of the successful Startup Weekend in America and our goal is to propel Nigerians into the dot-com bubble as dot-com companies did for America in the late 1990s when such awesome phenomenal startups like Amazon.com and eBay and others were launched and millions of new jobs were created.

Startup Weekend Nigeria will propel the dotcom boom that will fast-track the MDGs for the realization of the ultimate goals of our Vision 2020.

We invite you to join us today for the nation building of a New Nigeria in the leadership of Africa in the comity of nations.

Book of the Month: Power Ambition Glory by Steve Forbes

Power Ambition Glory


Editorial Reviews
From Publishers Weekly
Forbes magazine's editor and CEO collaborates with classical scholar Prevas to examine the lives of the ancient world's greatest leaders, including Julius Caesar, Hannibal and Alexander the Great, and the lessons they have for today's business people. Interspersed throughout are 20th- and 21st-century examples of leaders whose careers parallel those of the ancient leaders, men like Alfred Sloan, who, like Augustus consolidating the Roman Empire, transformed the motley collection of automobile companies that was General Motors in the early 1920s into the world's largest corporation. Unfortunately, the historical studies rest uneasily alongside the contemporary business cases, which are often tenuously related to the ancient stories. Worse, the entire work rests on the unsubstantiated claim that businesses are like military empires, and the lessons drawn are often banal; for example, from the story of Hannibal's daring winter march over the Alps to take the Romans by surprise, the authors suggest we should think outside the box, respond to attacks and pay attention to detail. (June)
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.

Review
“Power Ambition Glory serves as a remarkable historical guide. It’s both a reference guide to the rise and fall of empires, as well as a fresh look at modern business leaders and how they fit the framework of history.”
—From the foreword by Mayor Rudy Giuliani

“An appealing read that draws a remarkable correlation between great leaders of the ancient world and highly profiled leaders of our time. It is both interesting and instructive to learn of these striking parallels and to realize that extolled leadership at any time often includes similar vision, like deployment and unconventional strategies. It is also interesting to find that notable personal failings of recent times have roots in yesterday. Those who are interested in leadership can profit greatly from reading this novel piece.”
—Larry Bossidy, coauthor of Execution and former CEO of Honeywell

“Power Ambition Glory crystalizes the commonalities of highs and lows of modern and ancient leaders. The book is, in fact, an inspiration in showing how simple tenets such as focusing, setting an example, and embracing diversity lead to true greatness. It is a book that speaks to today’s void. What we lack today, Steve Forbes and John Prevas remind us can be regained again by learning from the lessons of the classic ancient leaders and even some modern CEOs that lived by their examples.”
—Meredith Whitney, CEO and founder of Meredith Whitney Advisory Group

“Steve Forbes knows the importance of history, and this book brings that to our attention in a fascinating and pertinent way. Power Ambition Glory is a wonderful read from beginning to end, and people in all fields will learn and be inspired by it. Steve is one guy everyone should listen to!”
—Donald J. Trump

“Steve Forbes and John Prevas have brilliantly woven together the ancient world and permanent princi...

Product Details
Format: Kindle Edition
File Size: 792 KB
Print Length: 320 pages
Publisher: Crown Business (June 16, 2009)
Sold by: Amazon Digital Services
Language: English
ASIN: B002C1Z3GG

MacArthur Foundation Grants $7.6 Million To 9 Universities in 7 Countries

MacArthur Foundation Grants $7.6 Million To 9 Universities in 7 Countries

FOR IMMEDIATE RELEASE; CONTACT: Amy Martin, 202-745-5118

MACARTHUR TO SUPPORT MASTER’S PROGRAMS AROUND THE WORLD OFFERING PROFESSIONAL TRAINING FOR FUTURE SUSTAINABLE DEVELOPMENT LEADERS

Chicago, IL, June 30, 2009 – Supporting rigorous professional training for future leaders in the field of sustainable development, the John D. and Catherine T. MacArthur Foundation announced today grants totaling $7.6 million to nine universities in seven countries to establish new Master’s in Development Practice (MDP) programs.

The Foundation has committed $15 million to seed the creation of such programs at up to 15 universities worldwide over the next three years. With MacArthur support, Columbia University is creating the first MDP Program, which will launch this fall.

MDP programs are designed to provide graduate students with training beyond the typical focus on classroom study of economics and management found in most development studies. The program’s core curriculum combines classroom study in a range of disciplines, including agriculture, policy, health, engineering, management, environmental science, education, and nutrition with field training experiences.

“Through our work around the globe, we at MacArthur understand that poverty, population, health, conservation, and human rights are all interconnected, requiring sustained and comprehensive interventions,” said Foundation President Jonathan Fanton. “These new programs are a model for training the next generation of these critically needed professionals.”

A Global Master’s in Development Practice Secretariat, supported by MacArthur and based at Columbia University’s Earth Institute, will help manage the MDP network of universities, develop an open-source repository for the MDP curriculum and other teaching materials, and will offer an online, Global Classroom on sustainable development for students worldwide.

The universities that will receive funding to establish the nine MDP programs are:

· Emory University (Atlanta, Georgia) will emphasize the health and governance-related aspects of sustainable development through its work with partners that include the U.S. Centers for Disease Control and Prevention, CARE and the Carter Center.

· The Energy Resources Institute University (New Delhi, India) will emphasize energy and climate sciences, building on its contributions to scientific and policy research in energy, environment, and sustainable development.

· James Cook University (Cairns and Townsville, Australia) will offer coursework at its two campuses and field training in the Philippines and Indonesia, focusing on the challenges to sustainable development and governance in tropical island nations in Southeast Asia and the Pacific.

· Trinity College Dublin and University College Dublin (Dublin, Ireland) will integrate their teaching in international development and also partner with the National University of Rwanda to offer field training and coursework in conservation and sustainable development.

· Tsinghua University (Beijing, China) will build on its English-language degrees and Master’s programs in international development and public administration to focus on development models for China.

· University of Cheikh Anta Diop (Dakar, Senegal) will focus on current development challenges facing Africa by integrating health, social and natural sciences, engineering, information technology, and management. It will also serve as a MDP program hub for French-speaking West African nations.

· University of Botswana (Gaborone, Botswana) will create a modular program designed for working professionals. Rigorous independent study will be complemented by two to three weeks of on campus training each semester. University of Botswana will partner with University of Florida to offer field training experiences in Botswana.

· University of Florida (Gainesville, Fla.) will implement a program that includes the core curriculum, building on University of Florida’s expertise in conservation and sustainable development, especially in Latin America. The program also incorporates faculty and student exchanges and a field-training program in Botswana, in partnership with University of Botswana.

· University of Ibadan (Ibadan, Nigeria) will build on existing graduate programs in health, science, and natural resources with the long-term goal of creating a Centre for Development Studies. It will also serve as a MDP program hub for English-speaking West African nations.

The universities are expected to produce 250 graduates with a Master’s in Development Practice degree by 2012, with a total of 750 students enrolled. They were selected based on five criteria, including support from top university leadership, excellent infrastructure and academic programs, and the ability to serve as regional hub; geographic representation among students and exceptional faculty across the four core competencies of the natural, health, and social sciences and management; and a timeline and business plan for financial sustainability when funding ends in three years. In 2010, MacArthur will fund up to five additional universities to create additional MDP programs.

The creation of the Master’s in Development Practice Program was a key recommendation of the International Commission on Education for Sustainable Development Practice, whose report was released in October 2008. Established in 2007, the year-long Commission was co-chaired by John McArthur, Chief Executive Officer of Millennium Promise, and Jeffrey Sachs, Director of the Earth Institute at Columbia University, and comprised of 20 top thinkers in the field of sustainable development from around the world.

The MacArthur Foundation supports creative people and effective institutions committed to building a more just, verdant, and peaceful world. In addition to the MacArthur Fellows, the Foundation works to defend human rights, advance global conservation and security, make cities better places, and understand how technology is changing children and society. More information is available at www.macfound.org.

###

Amy Martin

Managing Supervisor

GYMR Public Relations, LLC

1825 Connecticut Avenue, NW, Ste. 300

Washington, DC 20009

P: (202) 745-5118

amartin@gymr.com