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Conversion Services International Completes Transactions to Strengthen Its Balance Sheet

July 10th, 2008 by admin

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EAST HANOVER, N.J., April 23 /PRNewswire-FirstCall/ — Conversion Services International, Inc. (”CSI”), a premier professional services firm focused on delivering business intelligence and business process optimization solutions to Global 2000 organizations and other businesses, today announced that it had converted $600,000 in debt to equity during March 2008.
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Bill Hendry, chief financial officer of CSI, stated, “In December 2007, we made the final payment of $250,000 to repay our debt to Sands Brothers Venture Capital LLC, and we converted $2.5 million of debt to equity. In March 2008, we converted another $600,000 of long-term debt to equity. We are very pleased to have completed this transaction as we continue to strengthen our balance sheet. Also, in March 2008, we replaced our previous line of credit with Laurus Master Fund Ltd. with a new line of credit with Access Capital, Inc.”
Hendry concluded, “We have made progress toward improving the Company’s capital structure during the last few months and we expect to continue to make further improvements.”
Scott Newman, chairman and chief executive officer of CSI, stated, “This strengthening of our capital structure will allow us to pursue our business strategy with greater flexibility and enhance our ability to pursue acquisitions that are complementary to our business. Despite the economic climate, we are continuing to win new contracts and expand our customer base.”
About Conversion Services International, Inc.
Conversion Services International, Inc. (CSI) is a provider of professional services focusing on strategic consulting, data warehousing, business intelligence, business process reengineering, as well as integration and information technology management solutions. CSI offers an array of products and services to help companies define, develop, and implement the warehousing and strategic use of both enterprise-wide and specific categories of strategic data. CSI’s customers include ADP, Coach, Goldman Sachs, Liberty Mutual, Merck, Morgan Stanley, and Pfizer. Information about CSI can be found on the web at or by calling its corporate headquarters at 888-CSI-5036.
Note on Forward-Looking Statements
Except for the historical information contained herein, this press release contains, among other things, certain forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. Such statements may include, without limitation, statements with respect to CSI’s plans, objectives, expectations and intentions and other statements identified by words such as “may,”"could,”"would,”"should,”"believes,”"expects,”"anticipates,”"estimates,”"intends,”"plans” or similar expressions. Actual results may differ from those set forth in the forward-looking statements. These forward-looking statements involve certain risks and uncertainties that are subject to change based on various factors (many of which are beyond CSI’s control). CSI undertakes no obligation to update publicly any forward-looking statements.
Investor Relations: Media Contact:
Porter, LeVay & Rose, Inc. Tracee Lee Beebe
Michael J. Porter, President Marketing & Communications
Jeffrey Myhre, VP — Editorial Conversion Services International, Inc.
212-564-4700 973-560-9400

Conversion Services International, Inc.

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TechWeb’s Internet Evolution Taps Terry Sweeney as Editor in Chief

June 16th, 2008 by admin

NEW YORK, April 28 /PRNewswire/ — TechWeb, the global leader in business technology media, today announced that Terry Sweeney will rejoin the company as the Editor in Chief of Internet Evolution (), a Web 2.0 site dedicated to investigating the future of the Internet. In this newly-created position, Sweeney will be responsible for the management of Internet Evolution’s broadband video documentaries and interviews; investigative reports, ThinkerNet blogosphere and user-generated content. He will report to Joseph Braue, TechWeb Senior Vice President and Group Director of Light Reading.
“Since its launch in October, Internet Evolution has been providing a keen perspective on the future of the Internet while rapidly building a diverse and highly vocal community,” Braue said. “Terry’s well-known technology journalism expertise will help us to expand the breadth and depth of provocative new Internet topics that will continue to engage our audience. We are very excited to welcome Terry to our team.”
With more than 20 years of experience in storage, networking, security and wireless, Sweeney has a long history with TechWeb. Prior, he was editor-in-chief of Byte & Switch (), storage networking’s most widely read website as well as the founding editor of the IT security website, Dark Reading () and Storage Pipeline. Earlier, Sweeney was news editor at InternetWeek and served as editor-in-chief of the print, online and video content for the ITU’s Telecom 99 conference in Geneva,. Sweeney has also contributed to the Washington Post, Crain’s New York Business, Red Herring, InformationWeek, Network World and SearchStorage.
Sweeney is based in TechWeb’s Irvine, California office and can be reached at .
About Internet Evolution
Internet Evolution () hosts more than 100 world-famous Internet experts — such as Kevin Mitnick, once the most-wanted computer hacker in the world; Dr. Lawrence Roberts, inventor of packet switching, and one of the world’s foremost authorities on telecom network architectures; Jack Uldrich, futurist, scholar, and author; Craig Newmark, the founder of Craigslist.com; David Weinberger, technologist and co-author of The Cluetrain Manifesto; Howard Schmidt, former White House cybersecurity adviser; and Norman J. Ornstein, political scientist and a resident scholar at the American Enterprise Institute (AEI) — all of whom are addressing today’s critical socio-economic issues within its ThinkerNet blogosphere. Internet Evolution also offers broadcast-quality broadband video documentaries and interviews; investigative reports; and user-generated content facilitated via the latest Web 2.0 technology. Internet Evolution is a joint production of Light Reading, the world’s leading publishing, event and research company focusing on communications service providers and InformationWeek, the largest, most influential community of IT buyers and providers, focusing on driving and setting the agenda for business innovation powered by technology.
About TechWeb ()
TechWeb, the global leader in business technology media, is an innovative business focused on serving the needs of technology decision-makers and marketers worldwide. TechWeb produces the most respected and consumed media brands in the business technology market. Today, more than 13.3 million* business technology professionals actively engage in our communities created around our global face-to-face events Interop, Web 2.0, Black Hat and VoiceCon; online resources such as the TechWeb Network, Light Reading, Intelligent Enterprise, InformationWeek.com, bMighty.com, and The Financial Technology Network; and the market leading, award-winning InformationWeek, TechNet Magazine, MSDN Magazine, Wall Street & Technology magazines. TechWeb also provides end-to-end services ranging from next-generation performance marketing, integrated media, research, and analyst services. TechWeb is a division of United business Media, a global provider of news distribution and specialist information services with a market capitalization of more than $2.5 billion.
*13.3 million business decision-makers: based on # of monthly connections

Contact
Amy Averbook
TechWeb’s Internet Evolution
212-925-0020 x112

TechWeb

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Keane Wins $1.5 Million Electronic Medical Record (EMR) Implementation with Leading Long-Term Care Company

June 5th, 2008 by admin

SAN RAMON, Calif., May 29 /PRNewswire/ — Keane, Inc., a $1 billion-plus global services firm that specializes in enabling transformation of its clients’ business and IT functions, today announced that it has signed a $1.5 million five-year contract with Golden Living, a network of long-term care facilities that includes 331 skilled nursing facilities and 19 assisted living facilities in 22 states. As part of the agreement, Keane will install eCharting and ePrescribing components of its NetSolutions clinical application.
Keane’s eCharting and ePrescribing solutions will provide Golden Living with a safer, more efficient approach to order management, replacing manual processes traditionally used to administer medication and treatments. This implementation will give physicians at Golden Living immediate access to patient information using a secure, browser-based technology at the point of service.
“We are focused on providing the highest quality of care and quality of life to our residents and believe this implementation with Keane will place Golden Living on the leading edge of healthcare IT,” said John Derr, Senior Vice President and CIO of Golden Living. “We chose Keane’s NetSolutions product because of its proven clinical functionality for our physicians and nurses, as well as its ease of installation. We are pleased to continue our long-term partnership with Keane and look forward to working together on this implementation.”
“Patient safety is a top priority for all healthcare providers, and our NetSolutions suite of products provides long-term care facilities with the technology they need to substantially increase the safety of their patients,” said Walt Kaczor, Senior Vice President, Keane Healthcare Solutions Division (HSD). “Our eCharting and ePrescribing products provide an effective point-of-care system that provides more information at the time of service and encourages more complete documentation to better mitigate risk. We are pleased to build on our long-term relationship with Golden Living and believe this implementation validates our position as the premier IT vendor in the long-term care market.”
eCharting and ePrescribing are components of the Keane NetSolutions family of browser-based financial and clinical software. Built on .Net technology from Microsoft and packed with proven features, Keane NetSolutions helps long-term and post-acute care providers boost performance, improve care delivery, and accelerate productivity. Designed to support the increasing demands of post-acute care providers while lowering the total cost of ownership, Keane NetSolutions combines the depth of Keane’s software features with the strength of Web technology for improved accessibility.
About Golden Living
The Golden Living family of companies provides care and services that directly or indirectly serve the elderly and disabled, including companies that operate nursing homes and provide rehabilitation therapy, hospice care, home health services and temporary staffing services. There are 331 Golden Living Centers (skilled nursing facilities) and 19 Golden Living Communities (assisted living facilities) in 22 states. Golden Innovations companies are leading providers of integrated senior healthcare services, partnering with more than 1,000 nursing homes, hospitals and other healthcare organizations in 46 states. Golden Innovations companies include Aegis Therapies, AseraCare Hospice and Home Health, Aedon Staffing, Ceres Purchasing Solutions, and Vizia Healthcare Design Group. Collectively, the Golden Living family of companies has nearly 40,000 employees. For more information, visit .
About Keane’s Healthcare Solutions Division
Keane’s Healthcare Solutions Division (HSD) provides proprietary software and services to hospitals and long-term care facilities throughout the country. Since 1975, Keane’s software has been helping clients increase efficiencies, reduce medical errors, meet regulatory requirements, and enhance revenue cycle management. Keane’s core healthcare solutions include Keane Optimum, Patcom(R), and Keane NetSolutions. Information about Keane HSD is available on the Internet at .
About Keane
In business since 1965 and based in the United States, Keane is a global services firm that specializes in enabling transformation of its clients’ business and IT functions. The transformation partner of choice for clients across a broad array of industries, Keane is unique in its passion for building satisfying and enduring relationships with clients. Keane’s solutions — which comprise consulting, technology, and outsourcing services — are customized to address clients’ industry-specific challenges and enable dramatic improvements in business performance.
For more information on Keane’s services portfolio, industry solutions, and global locations, visit .
Contact:

Ed Meehan
VP Sales & Marketing
Keane HSD
631.824.5206

Mike Gallo
Gutenberg Communications
212.239.8594

Keane, Inc.

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