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Cavit Sciences, Inc. ("Cavit") (OTCBB: CVIT) (January 30, 2008)announced that it has completed the relocation and occupancy of its corporate headquarters to a research and technology complex in North Miami, Florida. The Company has developed two unique supplement lines and is developing treatments for diseases. The new Cavit facility is significantly larger than the Company's previous space and accommodates our research and development, operations and marketing. The space has been designed to meet Cavit's unique requirements for two separate facilities; one for the development of the supplement lines and the second for the development of cancer and viral infection treatments. The facility includes research labs, clinical testing labs, clean rooms, development labs, corporate offices and warehouse space.
Colm King, Cavit's CEO, commented, "The Company is experiencing the planned growth of our business strategy. Cavit's space needs have grown with the development of our supplement lines and the ongoing development of treatments for diseases. As we continue to grow, our new facilities will allow us to develop and commercialize additional products." Cavit's New Address: 20 NW 181st Street Miami, FL 33169 Tel: 305-493-3304 Fax: 305-493-3308
Cavit Sciences, Inc. ("Cavit") is a biotechnology company that has developed two supplement lines with products that enhance, improve, maintain and support the body by beneficially effecting various conditions and is engaged in developing treatments and prevention for cancer, viral infections, opportunistic infections, related diseases and the immune system.
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Law Enforcement Associates Corporation (AMEX: AID)(January 30, 2008), the largest U.S. developer and manufacturer of undercover surveillance equipment, announced earlier today it has received a $655,000 order for 30 of the company's Wireless Video Kits. The order was placed by an unnamed agency of the U.S. Government, which has purchased several dozen of the advanced surveillance systems following an initial order in May 2005. Total value of the kits purchased to date by the agency is approximately $3.5 million. LEA expects to recognize the full value of the latest contract during the current quarter ending March 31, 2008.
Paul Feldman, president of LEA, said the order was originally anticipated during the second half of fiscal 2007, but changes in the customer's procurement procedures delayed the contract. "We are encouraged this order is finally in place, and are optimistic it will serve as the cornerstone for a year of improved financial performance and overall growth at LEA."
LEA is a leading security and surveillance technology company that manufactures and markets a diverse product line to the worldwide law enforcement, military, security and corrections markets. The company's Audio Intelligence Devices (AID) division has been serving the law enforcement sector for more than 30 years and is one of the most respected names in the surveillance equipment industry. LEA's products are used by a wide variety of government and non-governmental agencies, as well as public and private companies. These include military bases, nuclear facilities, embassies, government installations, oil refineries, United Nations and NATO locations. The company enjoys close working relationships with other prominent players in the security and surveillance industry, such as Smith & Wesson (NASDAQ: SWHC), one of the world's largest manufacturers of quality firearms and firearm safety/security products; and FLIR Systems, Inc., a world leader in the design, manufacture and marketing of thermal imaging and stabilized camera systems. LEA's products have been used at high-profile events such as the Summer & Winter Olympics, Super Bowl, U.S. Golf Championship, and the Democratic and Republican National Conventions. Its products include the Under Vehicle Inspection System (UVIS), Smith & Wesson-branded UVIS Swift, EDK123 (Explosive Detection Kit), Bloodhound and Birddog GPS Tracking Systems, Graffiti Cam, Letter-bomb Visualizer Spray, and a wide variety of Audio & Video Surveillance Equipment. Headquartered in Youngsville, N.C., the company has been featured in many industry publications and websites.
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Symyx Technologies, Inc. (NASDAQ: SMMX) announced recently that it will release 2007 fourth quarter and full year financial results on Wednesday, February 13, 2008.
Isy Goldwasser, chief executive officer, and Rex Jackson, executive vice president and chief financial officer, will host a webcast at 5:00 pm ET, 2:00 pm PT, to discuss Symyx's recent business and financial results and outlook. A question and answer session will follow immediately.
A live audio webcast of the event and slide show presentation will accompany management's discussion and will be available through the investors section of the Symyx website at www.symyx.com. For audio only, the dial-in numbers are 877-397-0297 (U.S. and Canada) and 719-325-4916 (international). Interested parties may access a replay which will be available for approximately two weeks on Symyx's website or by dialing 888-203-1112 (U.S. and Canada) and 719-457-0820 (international), reservation 6347270. The webcast and audio are open to all interested parties.
Symyx Technologies, Inc. is the scientific R&D integration partner to companies in the life sciences, chemicals, energy, electronics and consumer products industries. With scientific R&D under tremendous economic and technical pressure, we help companies reduce R&D risk and enhance R&D productivity to help them bring more and better products to market quickly and cost-effectively. Our integrated technology platform combines Symyx Software (electronic laboratory notebooks, content, laboratory logistics and analysis), Symyx Tools (software-driven integrated workflows) and Research (collaborative research and directed services) to support the entire R&D process. In October 2007, Symyx acquired MDL Information Systems, Inc., a leading provider of innovative informatics software, databases and services that accelerate successful scientific R&D by improving the speed and quality of scientists' decision making. Information about Symyx, including reports and other information filed by Symyx with the Securities and Exchange Commission, is available at www.symyx.com.
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Symantec Corp. (NASDAQ: SYMC)(January 30, 2008) released the Symantec IT Risk Management Report Volume II, revealing that awareness of the importance of IT risk management is increasing, however several myths persist. Despite the finding that practitioners are embracing a more balanced approach that encompasses security, availability, compliance and performance risks, misunderstandings of IT risk management can lead to potential IT system failures, and ultimately impact business continuity. The report also indicates process issues cause 53 percent of IT incidents, while IT often underestimates the frequency of data loss incidents.
The comprehensive report, driven by the analysis of more than 400 in-depth, structured surveys with IT professionals worldwide, identifies key issues and trends, and analyzes and dispels the following four myths commonly associated with IT risk: -- The myth that IT risk management is focused only on IT security; -- The myth that IT risk management is project driven; -- The myth that technology alone can manage IT risk; -- The myth that IT risk management has already become a formal discipline.
Myth One: IT Risk is Security Risk Despite traditional perceptions associating IT risk primarily with security risks, survey results indicate the emergence of a broader view among IT professionals. Of the survey respondents, 78 percent gave "critical" or "serious" ratings to availability risk as opposed to security, performance and compliance risks, with 70, 68 and 63 percent respectively. The fact that only 15 percent separate the highest and lowest scoring risk-types indicates that IT professionals are adopting a more balanced, less security-centric view of IT risk.
Myth Two: IT Risk Management is a Project The myth that IT risk management can be addressed in a single project, or even as a series of point-in-time exercises across budget periods or years, ignores the dynamic nature of the internal and external IT risk environment. IT risk management should be approached as an ongoing process in order to keep pace with the changing landscape businesses face today. IT security, availability, compliance and performance incidents can impact the modern organization at an alarming rate. The report revealed the following regarding the frequency of different types of IT incidents: -- 69 percent expect a minor IT incident once a month; -- 63 percent expect a major IT failure at least once a year; -- 26 percent expect a regulatory non-compliance incident at least once a year; -- 25 percent expect a data-loss incident at least once a year.
The report shows that the most effective organizations take a more holistic approach. However, many organizations appear to be failing to implement some fundamental risk management controls, such as asset classification and management, where only 40 percent of participants rate their performance as 75 percent effective or higher. In addition, only 34 percent of participants believe that they have an up-to-date inventory for their wireless and mobile devices, which are essential in today's business world.
Myth Three: Technology Alone Mitigates IT Risk While technology plays a critical role in risk mitigation, the people and processes supported by technology also determine the effectiveness of an IT risk management program. According to the report, process issues cause 53 percent of IT incidents. Several controls also showed a decline in ratings from the previous report one year ago, causing increasing concerns. For instance, process controls such as training and awareness decreased from nearly 50 percent in Volume I to only 43 percent of respondents rating their training and awareness programs as more than 75 percent effective.
Similar to Volume I, the new report also shows very little improvement for the low rating of the asset and inventory classification control. Finally, only 43 percent of participants rate data lifecycle management "greater than 75 percent" effective, a 17 percent decline from Volume I. Weakness of these controls suggests that assets will be treated equally, so that some systems, processes and objects will be overprotected and others under protected from IT risk, resulting in cost and service inefficiencies.
Volume II of the IT Risk Management Report highlighted a 10 percent improvement in the number of participants rating secure application development "more than 75 percent effective." The report also signals that problem management is rising on the agenda.
Myth Four: IT Risk Management Has Already Become a Formal Discipline The report makes it clear that IT risk management is an evolving business discipline, rather than a precise science, due to reliance on the experience accumulated by individuals and organizations as they keep pace with a changing business and technology environment. There is a growing understanding that IT risk management incorporates elements of operational risk management, quality control and business and IT governance. In addition, practitioners may come to see IT risk management as a set of fixed principles and relationships, universally applicable across industries and geographies.
The report also sheds light on the state of IT risk management within particular industries. Highlights include that healthcare participants expected the most IT incidents of any industry sector. Given the complexity and highly personal nature of healthcare services, as well as stringent compliance requirements, this is cause for some concern. Telecommunications ranked highest in deploying IT risk management controls, followed closely by banking and financial services. This success is likely driven by increased governance and compliance scrutiny of these sectors and concerns over the protection of personal data.
Symantec is a global leader in infrastructure software, enabling businesses and consumers to have confidence in a connected world. The company helps customers protect their infrastructure, information, and interactions by delivering software and services that address risks to security, availability, compliance and performance. Headquartered in Cupertino, Calif., Symantec has operations in 40 countries.
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Viyya Technologies, Inc. (PINKSHEETS: VYON)(January 30, 2008), the developer and marketer of the world's most advanced, web-based content aggregation application, announced earlier today the start of the delivery phase of its contract with the New York State Political Campaign Committee, an agreement signed in December 2007, for the aggregation and dissemination of customized information for the committee and its user community.
In response to the pressure of the year's critical Presidential election campaign, party officials and Viyya have kicked off project delivery with the power of the Viyya core technology for gathering and disseminating specific, pre-selected information and data. As explained in the contract-signing announcement in December 2007, the solution contains a two-phase approach to providing the final customized solution. In the first phase, which is now underway, Viyya will provide a proprietary platform consisting of information viewers, customized content, and email alert and notification -- all in a Web 2.0 user collaboration environment. This first phase includes software to fulfill the needs of the committee's search and retrieval objectives for their internal operations. On approval, the second phase potentially extends these capabilities to their millions of external users with the provision of daily factual updates viewable from virtually any digital source or website.
Well known in the modern Internet environment, quantities of information increase rapidly and perpetually. Viyya's core leading edge technology uses its innovative approach to solving current information overload through automated web-intermediary services that enables for searching, aggregation, processing and organizing of all forms of data on a daily basis.
"The committee recognizes the need and the value of the Viyya solution in handling the data collection and dissemination challenge of this presidential election year and election year data challenges in the future," said John Bay, President of Viyya. "Decisions must be made quickly and accurately on the basis of selective, timely, and accurate data." Viyya officials indicate that the contract between the parties does not permit disclosure of the group's name at this time or the specifics of the monetary value. However, Viyya management can identify that the contract contains a fixed fee, and recurring fees for phase one as well as the potential to generate an annualized user fee as the group's end users become registered users of the Viyya application.
Viyya Technologies is the developer and marketer of the world's most advanced, web-based information management application. Viyya's proprietary XScipt extraction engine, used in conjunction with RSS feeds and today's popular search engines from NASDAQ listed Google , Yahoo , MSN , and NYSE listed AOL , and others, provides Viyya users with a level of information management not available from other vendors.
The company's core technology manages disparate information from the Internet, corporate intranets, databases, newsgroups, email, and third-party feeds by enabling users to customize the way they collect, process, distribute and store data. VIYYA gives users the ability to retrieve filtered content from many sources, determine the relevancy of the information, and have the information processed into notifications, daily reminders, newspapers, or archived for future use.
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