Tuesday, September 27, 2011

Eko Rail's Trains Begin Journey to Lagos


Governor Fashola inspecting the trains with Michael Schabas (Eko Rail)


27 Sep 2011 14:35 Africa/Lagos


Eko Rail's Trains Begin Journey to Lagos

PR Newswire

LAGOS, Nigeria, Sept. 27, 2011

First of Toronto's Former Fleet Set for Refurbishment, Delivery

LAGOS, Nigeria, Sept. 27, 2011 /PRNewswire-USNewswire/ -- The first of hundreds of Toronto subway cars that will furnish a new surface rail line in Lagos, Nigeria, has left Canada for the last time, and is now en route to Africa's largest city.

A Nigerian company, Eko Rail, has agreed to purchase 255 of the Toronto Transit Commission's (TTC) best-equipped subway cars for use in a much-needed Lagos Blue Line mass transit system. The TTC is in the process of purchasing larger "Rocket" trains to increase passenger capacity on their lines.



As the electric-powered cars become surplus and are pulled offline in Toronto, they will be individually trucked to the United States for a rebuilding by a team of world-class rail engineers. The cars will also undergo track-width (or "gauge") conversion and interior refurbishment before being shipped to Lagos.

The trains have been inspected by the Governor of Lagos State, Babatunde Fashola, who endorsed the plan to purchase them following his official visit to Toronto in May 2011.




"The shipment of the first car is an important step in Eko Rail's efforts to support the Governor's transformation agenda for the city," said David Potter, Eko Rail's Chief Engineer. "Ultimately, the Blue Line, with this modernized fleet, will bring massive benefits to Lagos' economic development and improve Lagosians' quality of life."

Each of the TTC cars come equipped with air conditioning, automatic sliding doors, solid-state traction control, energy saving regenerative braking, and a wide range of modern safety features and amenities. Once equipped with a state-of-the-art, GPS-based train control system made by General Electric, Eko Rail's trains will provide faster, safer, cheaper and more reliable transportation for Lagosians.

Eko Rail is entering into an innovative public-private partnership with the government of Lagos State to equip, operate and maintain the Blue Line for 25 years. Negotiations are being finalized and a concession agreement is expected to be signed in the near future. Lagos State has already started to make significant progress with building the rail tracks and stations. Eko Rail is utilizing URS Scott Wilson, one of the world's leading railway infrastructure consultancies, to ensure that the infrastructure is built to global standards.

With financing led by Investec Plc, financiers of more than 25 rail projects around the globe, Eko Rail expects to invest about $400 million to equip the Lagos Blue Line, including construction of a dual-fuel electric power generating station, modern train control system, communications and power distribution, as well as depot and maintenance facilities. When the entire line is operational, Eko Rail expects to attract at least 300,000 passengers per day, with trains running every 5 minutes.

The Eko Rail consortium – led by Nigerian-based emerging markets investment firm Verod Capital – brings together a world-class team of manufacturers, technical advisors, metro operators and public private partnership experts from the UK, Canada and South Africa.

SOURCE Eko Rail

CONTACT: Bill Turenne, BTurenne@BGRPR.com, +1-202-333-4936

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Releases displayed in Africa/Lagos time
27 Sep 2011
14:35 Eko Rail's Trains Begin Journey to Lagos
26 Sep 2011
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Monday, September 26, 2011

USA / Background Briefing: Preview of High-Level Meeting on Somalia


Terrorists in Somalia. Photo Credit: Foreign Policy

In al-Shabab-controlled regions of Somalia, anything deemed un-Islamic is outlawed. This includes mustaches, the World Cup, wearing bras, and dancing at weddings. The militant Islamist group recently added something new to that list: Samosas.
~ Sophia Jones Wednesday, July 27, 2011 - 2:18 PM.

26 Sep 2011 08:35 Africa/Lagos


USA / Background Briefing: Preview of High-Level Meeting on Somalia

WASHINGTON, September 26, 2011/African Press Organization (APO)/ -- Special Briefing

Senior Senior Official, Office of the Spokesperson

Washington, DC

September 23, 2011


SENIOR STATE DEPARTMENT OFFICIAL TWO: Good morning, everybody. Sorry for the delay. We have two background briefs this morning. The first is to read out the Secretary's meeting with the EU – with her EU counterparts from the transatlantic dinner last night, and then when [Senior State Department Official One] arrives, we will preview the Somalia-Horn of Africa meeting later today. We're just flipping the order because [Senior State Department Official One] is running a little bit late.

So with regard to the U.S.-EU ministerial last night, the Secretary met with EU High Representative Ashton and the 27 member states of the European Union. You won't be surprised that meeting focused on the Middle East. They discussed the Arab Spring and the need for the U.S. and the EU to work together to support transitions in the Middle East. The Secretary also underlined that unity of the U.S. and the EU against the continuing brutality of the Syrian regime has been very important in tightening the noose on Asad, and she thanked the EU for its seventh round of sanctions a couple of weeks ago.

The Secretary and EU foreign ministers also discussed the way ahead on Israeli-Palestinian issues, and they all agreed that a negotiated settlement is the only way to a durable peace. As you know, Quartet envoys are meeting again this morning to see how we can help the parties back to the negotiating table.

The Secretary then went into the traditional annual dinner of transatlantic allies and partners. This brings together the foreign ministers of all of the NATO and EU countries. It's informal and very small. She used that opportunity, obviously, to reinforce the importance of close cooperation on all the pressing security challenges of the day. She and her counterparts took stock in particular of where we are in Libya and reaffirmed their commitment to protecting civilians and continuing to support the TNC as Libya goes through its transition. They also noted that NATO has an indispensible role in supporting the Libyan people and must continue to stay engaged.

The Secretary expressed our view that the integration of the Western Balkans into the Euro-Atlantic institutions remains unfinished business. The ministers stressed their commitment to supporting their efforts towards reform and further dialogue to achieve regional security and stability. As you know, the Secretary meets later today with the Serbian foreign minister. She met earlier this week with the Kosovo leadership.

And finally, the Secretary noted that the United States is pleased to be hosting the next NATO summit, which will be May 20 to 21, 2012 in Chicago.

QUESTION: Is the Quartet meeting – that's envoys, when does it start, or has it actually begun?

MODERATOR: Quartet envoys are meeting this morning. I believe they started at 9 o'clock, continuing to try to be supportive to the Israelis and the Palestinians in getting them back to the negotiating table.

QUESTION: [Senior State Department Official Two], did they meet last night? (Inaudible) came out last night and said they might meet again last night and then again tomorrow? Did they meet last night and now it's again this morning?

STATE DEPARTMENT OFFICIAL TWO: They didn't sit in Quartet format last night. What they did instead was have small meetings in different formations to try to work through ideas and preparations for this morning's meeting.

QUESTION: Were the U.S.-Russian meetings last night?

SENIOR STATE DEPARTMENT OFFICIAL TWO: I can't speak to that, but I do know that David Hale was in contact with his Russian counterpart last night. I don't know whether they sat down or just spoke on the phone.

Okay. We are delighted to have with us this morning [Senior State Department Official One], hereafter known as Senior Administration Official Number One – Senior State Department Official Number One – to talk to us about the Secretary's activities on Africa this week, but also to preview the high-level meeting on Somalia later today.

Senior Official Number One.

SENIOR STATE DEPARTMENT OFFICIAL ONE: Okay. Thank you very much. It's – glad to be here. This afternoon, the Secretary will participate in a meeting hosted by Secretary General Ban Ki-moon on the political and security situation in Somalia. As you all know, the Horn of Africa is the most complex, volatile, and climatically challenged region in Africa today. Somalia is at the center of these many challenges and faces a humanitarian crisis, a security crisis, and a political set of challenges.

This afternoon's meeting will focus largely on two things: how well the AMISOM and TFG forces are doing in carrying out their UN Security Council mandate to protect TFG officials, to protect and defend TFG institutions, and to train and strengthen the TFG as TFG military. It will also focus on how effectively the TFG has been operating as a government. The meeting will also highlight the recent Mogadishu Accord that was signed by the TFG and a number of other political forces inside of Somalia, and witnessed and also signed by the secretary general's special representative.

That accord is particularly important for advancing the political agenda in Somalia. It calls on the TFG to carry out elections before August 2012, to complete a new constitution by (inaudible), and to make progress in the political, security, governance, and reconciliation arenas. The Mogadishu Accord has specific goals and timelines, and there will be many in the room, including Secretary Clinton, who will endorse the significance and importance of this Mogadishu Accord, and will urge all Somali political parties to live up to it, complete it in accordance to the roadmap – the Mogadishu Roadmap – and will call on the international community to continue to provide support.

This session this afternoon will not deal very much with the humanitarian crisis. That will be dealt with largely tomorrow at a session on humanitarian affairs in which AID Administrator Raj Shah will be in the chair for the Administration. All of you know that the crisis on the ground is enormous. Some 750,000 Somalis are threatened over the next four months with the possibility of loss of life, and there are some 4 million people who are in serious need in the region out of some 14 million. We continue to believe that it is al-Shabaab which is causing the greatest hardship there because of their refusal to allow international aid groups to come in in the past. We note that if they had been cooperative weeks and months ago, we would have – not have seen the mass exodus of Somalis into Kenya, Ethiopia, and into other parts of the region. We continue to appeal to al-Shabaab to let in groups and to stop their callous treatment of their own Somali neighbors and relatives.

Two other quick notes for me is that the Secretary has had two major bilaterals this week with African leaders. One was a meeting with Foreign Minister Mashabane of South Africa. It was a broad-ranging discussion covering a number of the political issues confronting the continent, but it was also an opportunity for the Secretary to reaffirm her desire to move forward with the Strategic Dialogue with South Africa, indicating that she might, in fact, if her schedule permits, travel to South Africa for the next round of dialogues sometime in 2012.

The Secretary also had an excellent meeting with President Goodluck Jonathan, the Nigerian president. Again, she had an opportunity to express her condolences to the Nigerian president on the destruction of the UN headquarters in Abuja some three and a half weeks ago, but also to discuss the Strategic Dialogue that we have with Nigeria. Our relations with Nigeria are excellent, and we consider them a strong partner.

I'll stop there.

QUESTION: I just have two things (inaudible), one on the Somalia, on – given the situation there, how realistic is it, I mean, to demand or call for them to have elections in 2012? I mean, is that feasible?

SENIOR STATE DEPARTMENT OFFICIAL ONE: It is feasible. We believe that it is important that the Somali parties who have signed on to the Mogadishu Roadmap on September 6 live up to the commitments that they made in that document. That document has specific goals and timelines. We think those goals and timelines are reasonable and can, in fact, be met. We should not, some two weeks after signing that document, begin to question the feasibility of whether it can be implemented some 10 months from now. We are determined to work with the UN Special Representative Augustine Mahiga, the IGAD countries who are also signers and signatories to this, as well as the international community to do it.

I might underscore that these are not direct elections. These are not elections in which every Somali in every village will be able to walk into his or her neighborhood polling booth. These are indirect elections. They can be managed. They can be managed well. It is a timeline which is perfectly realizable, if Somalis and those in the region are determined to see it. Our desire – and you will hear that from the Secretary today – is to see that the roadmap is completed according to the way it has been drawn and the timelines that have been laid out.

SENIOR STATE DEPARTMENT OFFICIAL TWO: Let's take one more from the room. Then we have some folks on the phone. Anybody?

QUESTION: (Off-mike.)

SENIOR STATE DEPARTMENT OFFICIAL TWO: Go ahead, Matt.

QUESTION: It's just about the South Africa meeting. Did the Mideast come up in that at all?

SENIOR STATE DEPARTMENT OFFICIAL ONE: Pardon me?

QUESTION: Middle East?

SENIOR STATE DEPARTMENT OFFICIAL ONE: There was very little on the Middle East in that discussion.

QUESTION: Did the Secretary raise the issue of the possibility of Security Council and make a case for South Africa to not support a full membership?

SENIOR STATE DEPARTMENT OFFICIAL ONE: Let me just say that the – over the last few days in all of the conversations that we have had with senior African officials, presidents, and foreign ministers, this has been an important priority topic for every one of them. Sometimes it has been 15 or 20 minutes, sometimes it has been several sentences. But in each case, it has been made very clear what our position is. The President made that clear in his speech. It is something that the Secretary has iterated in her discussions with African leaders she's met and something that we continue to iterate as well. It is a priority for us. The Palestinian issue is a priority, and it is one of the things that is driving our discussions with everyone, whether it is President Goodluck Jonathan or South Africa. Both are members of the Security Council.

SENIOR STATE DEPARTMENT OFFICIAL TWO: From the – on the phone, anybody?

OPERATOR: I'm not showing any questions from the phone at this time. Once again, it is *1.

SENIOR STATE DEPARTMENT OFFICIAL TWO: Thank you. Anything else for [Senior State Department Official One]?

OPERATOR: We do have one question. Did you want to take that now?

SENIOR STATE DEPARTMENT OFFICIAL TWO: Yes, please.

OPERATOR: Indira Lakshmanan, Bloomberg News.

QUESTION: Hi, [Senior State Department Official Two]. This was actually a question for you regarding the first briefing. Do you want me to ask that now or after [Senior State Department Official One] leaves?

SENIOR STATE DEPARTMENT OFFICIAL TWO: Why don't we just make sure we use [Senior State Department Official One]'s time well. Anybody with a question for [Senior State Department Official One]? Okay. Thank you very much.

SENIOR STATE DEPARTMENT OFFICIAL ONE: Okay. Very good.

QUESTION: Thank you.

SENIOR STATE DEPARTMENT OFFICIAL ONE: Yeah. Okay. Thanks.

SENIOR STATE DEPARTMENT OFFICIAL TWO: Indira, go ahead.

QUESTION: You were saying how the folks last night did not meet in Quartet format. By that, I guess you meant – you were talking about the foreign ministers and the Secretary. But what can you tell us about the Quartet meetings that did go on last night?

SENIOR STATE DEPARTMENT OFFICIAL TWO: No, Indira. What I meant was that envoys did not meet altogether last night.

QUESTION: On the what? I'm sorry. I couldn't hear you properly.

SENIOR STATE DEPARTMENT OFFICIAL TWO: That we are talking about Quartet envoys at the David Hale level. They met yesterday afternoon, as I read out yesterday, for nearly three hours. They then had smaller meetings and phone conversations in the evening in different formations in preparation for another Quartet envoy's meeting this morning.

QUESTION: Great. Okay. So what I was asking is could you give us a little more readout on the smaller meetings last night that were after the last briefing you told us about?

SENIOR STATE DEPARTMENT OFFICIAL TWO: Again, this is onward diplomacy effort to try to work towards a Quartet statement that will be helpful to getting the parties back to the negotiating table.

QUESTION: So when are you expecting that?

SENIOR STATE DEPARTMENT OFFICIAL TWO: When are we expecting what, Indira?

QUESTION: When are you expecting a Quartet statement? When are you aiming for that?

SENIOR STATE DEPARTMENT OFFICIAL TWO: Stand by.

QUESTION: Okay.

SENIOR STATE DEPARTMENT OFFICIAL TWO: Anything else from the room?

QUESTION: Well, I mean, just on that. I mean, if you could just – do you have any idea how close they are? I mean, is it (inaudible) distinct possibility at this point? Or is it – do things look good? What's –

SENIOR STATE DEPARTMENT OFFICIAL TWO: I'm not going to get betting off, but we continue to believe that a statement is important, and we're continuing to work for it. We'll have more information for you later in the day if there's something to report.

QUESTION: Are you still hopeful that – well, if something is coming, then – I mean, this is basically just logistical and planning. If something –

SENIOR STATE DEPARTMENT OFFICIAL TWO: After we finish here, let's do a little minute and –

QUESTION: That's fine.

SENIOR STATE DEPARTMENT OFFICIAL TWO: Yeah. Anything on anything else?

QUESTION: Forgive me for being late, but did you address Yemen already?

SENIOR STATE DEPARTMENT OFFICIAL TWO: I did not. What's the question?

QUESTION: The U.S. hasn't gotten any indication that his return (inaudible) is more inclined to begin the transition?

SENIOR STATE DEPARTMENT OFFICIAL TWO: Well, as you know, there have been meetings going on for a number of weeks between his vice president and the acting President Hadi trying to broker a deal. And as you know, the GCC envoy was there all this week trying to broker a deal. So we remain committed to a path forward for Yemen along the lines of the GCC proposal. So we want to see that go forward. Okay?

QUESTION: Question on Pakistan. Have there been any conversations between the U.S. and Pakistan since Admiral Mullen's testimony yesterday?

SENIOR STATE DEPARTMENT OFFICIAL TWO: Conversations with Pakistan continue at all levels, including with our Embassy out there. I think you know where we are on this issue, and you've seen a number of Administration principals have good exchanges, important exchanges, with their Pakistani counterparts. We do believe that Haqqani* Network was responsible for the attack on the U.S. Embassy in Kabul on ISAF headquarters and a number of other recent attacks. This is not a new concern of the United States, but it's obviously a greatly heightened concern after these recent attacks, and we are continuing intensive conversation with the Pakistani Government at all levels. As you know the Secretary met with her counterpart, and other senior officials have also been meeting with their counterparts.

QUESTION: Can you tell us – I mean, I asked the question of the briefer right after the Pakistani Meeting on Sunday night, whether the Secretary had presented intelligence about that attack to the foreign minister during that meeting. And he said, oh I can't talk about intelligence. And I'm not asking him or you to talk about the intelligence itself. What I am trying – what I would like though is, did the Secretary actually present such intelligence or evidence as you may have about this during that meeting?

SENIOR STATE DEPARTMENT OFFICIAL TWO: Again, I'm not going to comment on intelligence. I will say, as our briefer said, last – earlier in the week, that they had a very full and candid and clear exchange about our concerns about the Haqqani Network, and our sense – our shared sense that we've got to work together on this.

Go ahead.

QUESTION: How is it that – one last question. And I realize this is a difficult one for you to answer, but – how is it possible for you to do business with a government, one of who's arms you believe has encouraged a direct attack on one of your diplomatic facilities?

SENIOR STATE DEPARTMENT OFFICIAL TWO: The President, Secretary, other officials have spoken to this over the last number of months. The U.S. and Pakistan have a vital interest in continuing to work on these problems together. These are problems that threaten both of us. We have had some counterterrorism successes. We need to continue to fight this battle together, and we will.

SENIOR STATE DEPARTMENT OFFICIAL TWO: Can I just do something else here, or do you want to continue on this?

QUESTION: No, no. I want to go back to the (inaudible).

SENIOR STATE DEPARTMENT OFFICIAL TWO: Back on background on a second subject. We've had a number of questions over the last couple of days on the U.S. role in working for and supporting the release of Shane Bauer and Josh Fattal from Iran. I just want to underscore here that we in the State Department, throughout this ordeal, used all of our diplomatic tools to seek their release.

The President and the Secretary made more than 10 public statements calling for their release, making this case a priority for the United States. Both the President and Secretary raised their cases with a wide range of world leaders during their imprisonment, who we felt could have influence on the Iranian Government. We used our Persian social media sites to raise awareness in Iran, linking the news of their plight and statements made by other world leaders.

We were in continuous contact with the Swiss Protecting Power to demand consular and legal access to them, and we remained in continuous contact with their families as we sought their release, including personal contact by the Secretary.

We are very grateful for all the efforts of those who worked for their release, particularly the Swiss protecting power in Tehran, the Omani Government, the Iraqi Government, and many other world leaders who have raised their voices in support, as well as those inside Iran who pushed for justice.

Okay. That's it for me.


Source: US Department of State






Saturday, September 24, 2011

Nearly 400 Million Africans Live On $1.25 A Day


Majority of children in Africa either have no access to good schools or have no schools.


Nearly 400 million Africans live on $1.25 a day; the massive infrastructure deficit that leaves only one in four with access to electricity—and even fewer with access to clean water and sanitation; agricultural productivity that is still too low to help the 70 percent of the poor escape hunger and poverty—and now threatened by climate change; and weak institutions that often result in civil conflict, earning 21 of the 47 countries the label “fragile states".

~ Obiageli K. Ezekwesili, World Bank Vice President for the Africa Region from Africa’s Future in our Grasp


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Oxfam Ambassador Scarlett Johansson Visits Drought Stricken Horn of Africa

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Friday, September 23, 2011

Consumers Say 3D is Better Than Regular TV





23 Sep 2011 15:29 Africa/Lagos

3D TV Hits Home With Consumers

New Survey Shows Majority of Consumers Say 3D is Better Than Regular TV

PR Newswire

LOS ANGELES, Sept. 23, 2011

LOS ANGELES, Sept. 23, 2011 /PRNewswire/ -- Consumers love 3D TV, according to a new study of the TV marketplace. Conducted by well-known independent research firm Frank N. Magid Associates for Panasonic during Disney's D23 Expo in Anaheim last month, researchers found that a vast majority of consumers believe that 3D TV significantly improves their television viewing experience.

"We've always said that, just as with HDTV, once consumers experience 3D TV, they will want it," said Eisuke Tsuyuzaki, Panasonic Corporation of North America's Chief Technology Officer. "This survey proves it. We couldn't be happier with the results."

D23: The Official Disney Fan Club provided the venue for the face-to-face study which queried more than 500 attendees at Disney's D23 Expo, the ultimate Disney fan event, which was held in Anaheim in August, and found that 99% of those surveyed who have seen 3D TV perceive it to be at least "somewhat better" than standard HDTV or "2D" TV. Equally as impressive is the fact that of those surveyed, 71% said that 3D TV is "much better" or "dramatically better" than 2D TV.

Consumers responded with a wide range of superlatives when asked to describe their thoughts about 3D TV. "I wish I had this in my home," said 50% of those surveyed, while 34% agreed that it "brings things alive in a way I've never seen before." "Fabulous" was the word that 27% agreed with when asked to describe their sense of the 3D TV experience.

"These are very positive and impressive responses," said Mike Vorhaus, President of Magid Advisors, a unit of Frank N. Magid Associates. "When it comes to 3D TV, consumers clearly like what they see. Their feelings are very reminiscent of the public's response to HDTV in its early days."

Unlike HDTV, however, 3D TV is off to a much faster start, with multiple full-time 3D channels available on cable and satellite just one year after the technology's launch, They include DirecTV's n3D Powered by Panasonic, Comcast's Xfinity 3D Channel, ESPN 3D, and Discovery's 3Net. By contrast, HDTV channels from these major content carriers were not available until at least four years from that technology's 1998 introduction.

In addition, Panasonic has created an entire eco-system to create and display the finest 3D images. Panasonic Hollywood Laboratory sets the standard for authoring and mastering of 3D Blu-ray Discs. Panasonic's AG-3DA1, the industry's first fully-integrated 3D camcorder recording to SD Memory Cards, was used aboard the final mission of the NASA Space Shuttle voyage and is routinely used in other sports and other 3D television production. A full line of 3D-capable camcorders and LUMIX digital cameras are available for consumers. And Panasonic's Full HD 3D HDTVs consistently win the highest praise from the nation's major consumer testing organizations.

"We're very pleased with the rapid-fire development of 3D TV," Mr. Tsuyuzaki said. "Panasonic has just completed the second year of its sponsorship of CBS Sports' expanded 3D broadcasts of the US Open Tennis Championships, a production which garnered an Emmy Award in its first year, and we are now looking forward to next year's 3D production of the London Olympic Games. With these and many other exciting 3D events and movies ready to amaze and entertain, consumers have every reason to step up to the glorious viewing experience of Full HD 3D television."

About Panasonic 3D Technology

Panasonic's range of Full HD 3D VIERA® Plasma HDTVs (VT30, GT30, ST30 Series), when coupled with Panasonic's 3D Blu-ray Disc players (DMP-BDT110, DMP-BDT210, DMP- BDT310), and 3D Blu-ray home theater systems (DMP-BTT370, DMP-BTT770) bring a new era of immersive visual entertainment into consumers' homes by creating a 3D experience that easily rivals the best that can be seen in cinemas. For more information on Panasonic's Full HD 3D technology, visit www.panasonic.com/3D.

About Panasonic Consumer Electronics Company:

Based in Secaucus, N.J., Panasonic Consumer Electronics Company (PCEC), a market and technology leader in High Definition television, is a Division of Panasonic Corporation of North America, the principal North American subsidiary of Panasonic Corporation (NYSE: PC) and the hub of Panasonic's U.S. marketing, sales, service and R&D operations. Panasonic is pledged to practice prudent, sustainable use of the earth's natural resources and protect our environment through the company's Eco Ideas programs. Information about Panasonic products is available at www.panasonic.com. Additional company information for journalists is available at www.panasonic.com/pressroom.

About Frank N. Magid Associates, Inc.

Frank N. Magid Associates, Inc. is a leading research-based consulting firm that helps its clients become more profitable by solving problems and helping them take advantage of opportunities. We are unique because, for 54 years, we have carefully studied human behavior and how communication affects it. We possess an uncanny understanding of what and how marketing and communication will motivate people to behave in certain ways. This understanding provides us with a unique consumer lens through which we analyze and develop strategies.

We use this expertise and perspective to help clients across industries develop and market products and services that successfully change or adapt to consumer attitudes, thereby influencing behavior in ways that lead to optimized financial performance. Clients include leaders in their respective industries, including Google, The Walt Disney Company, Verizon Wireless, Electronic Arts, Best Buy, General Mills, Nestlé, UnitedHealth Group, MetLife, Dr. Pepper/Snapple, and numerous others. Magid's 150 professionals demonstrate extensive experience in media, marketing, communications, product development, market research, operations, investment strategy and strategy consulting. We work with clients around the world from offices in New York, Los Angeles, Minneapolis, Dallas, San Francisco and Cedar Rapids, Iowa.

SOURCE Panasonic

CONTACT: Chris De Maria (Panasonic), +1-201-348-7182, demariac@us.panasonic.com; Blayne Murphy (Cohn & Wolfe), +1-212-798-9763, blayne.murphy@cohnwolfe.com

Web Site: http://www.panasonic.com




Small Business Economy is Struggling



23 Sep 2011 13:46 Africa/Lagos


SB Authority Index Depicts the Small Business Economy is Struggling

The SB Authority Index Is Up .76% for August 2011

PR Newswire

NEW YORK, Sept. 23, 2011

NEW YORK, Sept. 23, 2011 /PRNewswire/ -- Newtek Business Services, NASDAQ: NEWT, The Small Business Authority, announced the release of the SB Authority Index for August 2011 reaching 108.06 points. The SB Authority Index is up .76% from July 2011. Approved SBA loan volumes, the Russell microcap index and Retail Sales caused the increase in the index. However, the index growth was limited by the flat and slight reduction within the other five components.

President and CEO, Barry Sloane said, "The small business economy continues to struggle along as consumer spending and employment trends are clearly reducing economic activity. The recent announcement of monetary policy by the Federal Reserve may increase interest rates to small businesses as most small businesses borrow on a prime rate basis and off the short end of the yield curve. If Federal Chairman Bernanke's "twist strategy" works, long term rates will decline but at the expense of short term interest rates increasing. Again, if the strategy works it will be most beneficial to the long end of the market, which drives residential mortgage rates lower and cost to refinance lower. This should put increased cash and disposable income in hands of consumers and may take several months before we see the effects. Short term rate hikes to small businesses will be effective immediately."

About Newtek Business Services, Inc.

Newtek Business Services, The Small Business Authority, provides the following products and services:

* Electronic Payment Processing : eCommerce, electronic solutions to accept non-cash payments, including credit and debit cards, check conversion, remote deposit capture, ACH processing, and electronic gift and loyalty card programs.

* Managed Technology Solutions (Cloud Computing): Full-service web host, which offers eCommerce solutions, shared and dedicated web hosting and related services including domain registration and online shopping cart tools.

* eCommerce : A suite of services that enable small businesses to get up and running on-line quickly and cost effectively, with integrated web design, payment processing and shopping cart services.

* Business Lending : Broad array of lending products including SBA 7(a) and SBA 504 loans.

* Insurance Services : Commercial and personal lines of insurance, including health and employee benefits in all 50 states, working with over 40 insurance carriers.

* Web Services : Customized web design and development services.
* Data Backup, Storage and Retrieval : Fast, secure, off-site data backup, storage and retrieval designed to meet the specific regulatory and compliance needs of any business.

* Accounts Receivable Financing : Receivable purchasing and financing services.
* Payroll : Complete payroll management and processing services.


Newtek Business Services, Inc., The Small Business Authority , is a direct distributor of a wide range of business services and financial products to the small- and medium-sized business market under the Newtek™ brand. Since 1999, Newtek has helped small- and medium-sized business owners realize their potential by providing them with the essential tools needed to manage and grow their businesses and to compete effectively in today's marketplace. Newtek provides its services to over 100,000 business accounts and has positioned the Newtek™ brand as a one-stop-shop provider of such business services. According to the U.S. Small Business Administration, there are over 27.5 million small businesses in the United States, which in total represent 99.7% of all employer firms.

Note Regarding Forward Looking Statements

Statements in this press release including statements regarding Newtek's beliefs, expectations, intentions or strategies for the future, may be "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. All forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from the plans, intentions and expectations reflected in or suggested by the forward-looking statements. Such risks and uncertainties include, among others, intensified competition, operating problems and their impact on revenues and profit margins, anticipated future business strategies and financial performance, anticipated future number of customers, business prospects, legislative developments and similar matters. Risk factors, cautionary statements and other conditions, which could cause Newtek's actual results to differ from management's current expectations, are contained in Newtek's filings with the Securities and Exchange Commission and available through http://www.sec.gov .

Rubenstein Public Relations
Telephone: (212) 843-9335
Contact: Liz Petrova / lpetrova@rubensteinpr.com

SOURCE Newtek Business Services, Inc.

Web Site: http://www.newtekbusinessservices.com

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