Total : 27 View more »
Whirlpool Corporation on October 28 announced that it is the recipient of stimulus funds as part of the U.S.
McStain Neighborhoods and Brock Built have both been selected to receive a Whirlpool Corporation Excellence in Sustainability award for their sustainable insight in the building community.
Whirlpool Corporation Named One of the Top 50 U.S. Companies for Social Responsibility.
BENTON HARBOR, MICH.—Whirlpool Corp. announced it has been named to the 2009/2010 Dow Jones Sustainability Index (DJSI), an international stock portfolio that evaluates corporate performance using economic, environmental, and social criteria.
Total : 35 View more »
Nov 04, 2009 (M2 PRESSWIRE via COMTEX) --
STOCK MARKETING INC PRESENTS :
(OTCBB: IWEB - IceWEB, Inc.)
(OTCBB: IVOT - iVoice Technology, Inc.)
(NYSE: WHR - Whirlpool Corp.)
(NASDAQ: TSTF - TeamStaff, Inc.)
(OTCBB: ALIF - Artificial Life, Inc.)
(PINKSHEETS: SKTO - SK3 Group, Inc.)
www.StockMarketingInc.com
To sign up for our free Profiles & Alerts :: visit http://www.StockMarketingInc.com
email us!! info@StockMarketingInc.com or call 1-866-583-8960
------------------------------------------------------------------------------------------------------------------------------------------------------------
(OTCBB: IWEB - IceWEB, Inc.)
LATEST NEWS!!
IceWeb Awarded Significant Iplicity Storage Contract by Federal Agency
--Iplicity Platform Provides Government Increased Storage Scalability & Performance
STERLING, Va., Nov 04, 2009 -- IceWEB, Inc.(TM) (OTC Bulletin Board: IWEB) , www.IceWEB.com, announced today that the Company has been awarded a significant contract by a Federal Agency to provide its Iplicity Unified Storage Platform to support a large Unix environment. The initial award is for a storage area network providing more than 100 terabytes of disk capacity, and will enable the Agency to capture and archive critical log data.
"Iplicity was chosen for this contract because of its ease of use, high performance, and advanced data replication capabilities," said Tim McNamee, VP of Federal Channels. "The system will provide both fibre channel attached host and NFS NAS (network attached storage) capabilities to the Agency. This initial deployment has the potential to grow in size to a petabyte (1000 terabytes) of storage in the short-term."
"The performance, management features and pricing of the Iplicity platform made it a compelling and cost effective solution for this customer," said Gary Dunham, SVP of Product Development and Engineering for IceWEB. "In the case of this Federal Agency, it made perfect sense to augment their existing storage infrastructure with Iplicity. The feature sets built into Iplicity, all of which were critical to this agency, would have cost them more than our entire solution were they to have purchased them from their legacy storage vendor."
About IceWEB, Inc.
Headquartered just outside of Washington, D.C., IceWEB manufactures and markets purpose built appliances, network and cloud attached storage solutions and delivers on-line cloud computing application services. Its customer base includes U.S. government agencies, enterprise companies, and small to medium sized businesses (SMB). For more information, please visit www.IceWEB.com.
------------------------------------------------------------------------------------------------------------------------------------------------------------
(OTCBB: IVOT - iVoice Technology, Inc.)
LATEST NEWS!!
B Green Innovations, Inc. Signs Distribution Agreement With Whirlpool Corporation; Whirlpool to Sell "VibeAway(TM)" Anti-Vibration Pad Made From 100% Recycled Pads Made From Scrap Tires
Whirlpool Corporation Is the World's Leading Manufacturer and Marketer of Major Home Appliances, With Annual Sales of Approximately $19 Billion; "Recycling the Planet One Tire at a Time"
MATAWAN, NJ, Nov 04, 2009 -- I GREEN INNOVATIONS, Inc. (OTCBB: IVOT), announced today its wholly owned subsidiary B Green Innovations, Inc. has signed a distribution agreement with Whirlpool Corporation (NYSE: WHR) to sell "VibeAway(TM)" anti-vibration pad made from 100% recycled pads made from scrap tires. Whirlpool Corporation will distribute the "VibeAway(TM)" to customers nationwide seeking an environmentally responsible solution.
The distribution agreement is a terrific opportunity for B Green Innovations, Inc. to distribute products with a great brand on a national basis. We believe that our "Green" product offering, matched with great service and the strong consumer appeal of the Whirlpool brand will enable us to build market share and provide a meaningful source of revenue and profit.
The demand for environmentally responsible acoustical products has increased significantly in the past few years. The VibeAway(TM) is a welcome addition to growing lists of products we offer to our customers which focus on reducing the environmental impact of each project.
About B Green Innovations:
The B Green Innovations, Inc. ("B Green"), a wholly owned subsidiary of I Green, "Go Green" mission from its inception, is to create a "Green" company for the development of solutions to eliminate waste from the world's environment. B Green offers consumers a realistic and necessary solution to the problem of waste around the world. We believe that to truly have an impact on the planet, one must be committed to the environment and seek out environmentally friendly products.
------------------------------------------------------------------------------------------------------------------------------------------------------------
(NYSE: WHR - Whirlpool Corp.)
LATEST NEWS!!
Whirlpool(R) Brand Hangs Smelly Clothes Out to Dry
--Wash, Dry and Save with Newest from the Laundry Leader
BENTON HARBOR, Mich., Nov 02, 2009 -- Have you ever left your laundry in the washing machine by accident, only to find it smelly and wrinkled when you finally remembered to put it in the dryer? Whirlpool brand has heard consumers' call, and in response, is arming consumers with the best defense -- a washer with the ability to keep clothes smelling fresh for up to 10 hours after the cycle ends with the industry-changing FanFresh(TM) option.
(Logo: http://www.newscom.com/cgi-bin/prnh/20081218/WHIRLPOOLBRANDLOGO )
The Whirlpool(R) Duet(R) steam washer's FanFresh(TM) option intermittently tumbles clothes in the wash drum for up to 10 hours after the cycle ends. Meanwhile, a quiet fan draws out moisture through a vent to help keep clothes smelling fresh and prevents wrinkles from setting in. According to a 2007 online survey conducted by Whirlpool brand, 72 percent of respondents said it is important that their clothes never smell sour when left in the washer, yet only 47 percent are satisfied that their current washer completes this task.*
"Whirlpool brand is focused on offering consumers the flexibility to live their lives rather than plan around their laundry," said Brandon Buckingham, senior brand manager, Whirlpool laundry. "The FanFresh(TM) option provides consumers with the opportunity to load their washer, run errands and go to the movies, and not worry about getting back in time to switch the wash."
While the FanFresh(TM) option solves one of consumers' biggest laundry problems today, the new Duet(R) steam washer garners one of the most efficient energy ratings available from the Consortium for Energy Efficiency (CEE) -Tier III - meaning the machine features advanced water and energy savings for the consumer. In addition, the new Duet(R) dryer is the first in the front-load category to offer an Eco cycle that uses 40 percent less energy than a conventional dryer's normal cycle when paired with a Duet(R) washer.**
According to Whirlpool Corporation research conducted by Harris Interactive in 2008, nearly three quarters (72 percent) of adults actively look for the ENERGY STAR(R) label when making purchasing decisions. With advanced water and energy savings for the consumer, the Whirlpool(R) Duet(R) steam washer is ENERGY STAR qualified and can save consumers more than $1,000 in lifetime water and energy costs when compared to a pre-2004 conventional washer, based on a 10-year life cycle. Couple this with the money saved in the dryer, and the savings of the Duet washer practically pays for the cost of the dryer. In fact, the new Duet(R) pair is the industry's most efficient laundry care system available based on time and energy usage.
The Whirlpool(R) Duet(R) steam washer has a capacity of 4.5 cu. ft., giving consumers the ability to wash up to 18 pairs of jeans in a single load. The Delay Wash setting can be used to set the washer to begin up to 18 hours later, perfect for timing during off-peak hours when utility rates may be lower or when unloading the washer is more convenient.
In addition, the Whirlpool(R) Duet(R) steam washer comes with the industry-first NightQuiet(TM) option, which further reduces operational sound and is great for those whose laundry rooms are close to living areas or bedrooms.
The Whirlpool(R) Duet(R) steam wash system adds the power of steam to select wash cycles to steam out tough stains, virtually eliminating the need to pretreat, and removes up to 95 percent of tested allergens, including dust mites and pet dander. The Whirlpool(R) Duet(R) steam wash system received the highest rating for water efficiency, cleaning and capacity from a leading consumer magazine.
And steam is not just for the washer. The Duet(R) steam dryer utilizes the power of steam to eliminate 99.9 percent of common household bacteria, ideal for those items that should not be washed such as backpacks, stuffed animals and pillows. And for those who want to avoid ironing and cut down on dry cleaning costs, the dryer offers a Quick Refresh steam cycle that tumbles small loads and uses steam technology to break down odors and smooth out wrinkles. In just 15 minutes, clothes are ready-to-wear.
The Whirlpool(R) Duet(R) steam washer (WFW9750W) will be available in White, Cranberry and Lunar Silver with an MSRP starting at $1,599, and the Whirlpool(R) Duet(R) steam dryer (electric WED9750W or gas WGD9750W) will be available in the same colors with an MSRP starting at $1,599 later this fall.
*Whirlpool 2007 Fabric Care Consumer Needs Quantitative Study, 2007
** Electric dryer only
Methodology
The 2008 survey was conducted online within the United States by Harris Interactive via its QuickQuery(SM) online omnibus service on behalf of Whirlpool Corporation between December 29 and 31, 2008, among 2,042 U.S. adults aged 18 years and older. Results were weighted as needed for region, age within gender, education, household income and race/ethnicity. Propensity score weighting was also used to adjust for respondents' propensity to be online. No estimates of theoretical sampling error can be calculated; a full methodology is available.
All sample surveys and polls, whether or not they use probability sampling, are subject to multiple sources of error which are most often not possible to quantify or estimate, including sampling error, coverage error, error associated with nonresponse, error associated with question wording and response options, and post-survey weighting and adjustments. Therefore, Harris Interactive avoids the words "margin of error" as they are misleading. All that can be calculated are different possible sampling errors with different probabilities for pure, unweighted, random samples with 100% response rates. These are only theoretical because no published polls come close to this ideal.
Respondents for this survey were selected from among those who have agreed to participate in Harris Interactive surveys. The data have been weighted to reflect the composition of the U.S. adult population. Because the sample is based on those who agreed to be invited to participate in the Harris Interactive online research panel, no estimates of theoretical sampling error can be calculated.
About Whirlpool Brand
Whirlpool Corporation is the world's leading manufacturer and marketer of major home appliances, with annual sales in 2008 of approximately $19 billion, 70,000 employees, and 67 manufacturing and technology research centers around the world. Whirlpool brand recognizes that consumers lead busy, active lives and continues to create solutions that help consumers optimize productivity and efficiency in the home. In addition to designing appliance solutions based on consumer insight, Whirlpool brand is dedicated to creating ENERGY STAR(R) qualified appliances like the new Duet(R) washer which uses 74 percent less water and 80 percent less energy than a traditional top load washer manufactured before 2004. When used with the washer, the new Duet(R) Resource Saver(R) dryer improves dryer energy usage by 40 percent as compared to traditional top-load laundry pairs, average size load. Whirlpool is one of Habitat for Humanity's largest corporate partners, donating a refrigerator and range to every new Habitat for Humanity home built in North America. For more information on Whirlpool brand, please visit www.whirlpool.com. Additional information about Whirlpool Corporation can be found at www.whirlpoolcorp.com.
------------------------------------------------------------------------------------------------------------------------------------------------------------
(NASDAQ: TSTF - TeamStaff, Inc.)
LATEST NEWS!!
TeamStaff Announces Revised Business Strategy; Chief Executive Officer to Step Down on Completion of Search For Successor
SOMERSET, N.J., Nov 03, 2009 -- TeamStaff, Inc. (Nasdaq: TSTF), a national provider of healthcare and administrative staffing services, today announced that the Company has completed an in-depth strategic review of its businesses in light of recent economic conditions, trends in government spending, and changing dynamics in the healthcare market. The analysis was performed by a newly formed strategic planning committee of the board of directors and the executive management team led by Rick J. Filippelli, the Company's Chief Executive Officer, and with the assistance of two management consulting firms. Each business unit of the Company was evaluated for their future prospects, and various initiatives to achieve sustainable earnings growth were considered. Based on this review, it was concluded that the interests of the shareholders would be best served by focusing the Company's resources on the development and expansion of the Company's core government staffing subsidiary, TeamStaff Government Solutions.
To implement this strategic shift in the Company's business plans, the board and Mr. Filippelli mutually agreed that a change of leadership to an executive with experience and relationships in the governmental services industry would provide the new strategy with the best opportunity for success. Accordingly, Mr. Filippelli has elected to resign his position with TeamStaff effective at the end of January 2010 and assist with the transition to a new Chief Executive Officer. The board has also created a search committee and retained DHR International to identify potential candidates for Chief Executive Officer.
About TeamStaff, Inc.
Headquartered in Somerset, New Jersey, TeamStaff serves clients and their employees throughout the United States as a full-service provider of medical and administrative staffing through its two subsidiaries, TeamStaff GS and TeamStaff Rx. TeamStaff GS specializes in providing medical, logistic, information technology and office administration professionals through nationwide Federal Supply Schedule contracts with both the United States General Services Administration and the United States Department of Veterans Affairs. TeamStaff Rx is a leading provider of travel nursing and travel allied healthcare professionals. TeamStaff Rx operates throughout the U.S. and specializes in the supply of travel allied medical employees and travel nurses typically placed on 13 week assignments. For more information, visit the TeamStaff web site at www.teamstaff.com.
------------------------------------------------------------------------------------------------------------------------------------------------------------
(OTCBB: ALIF - Artificial Life, Inc.)
LATEST NEWS!!
Artificial Life Reveals Statistics for iPhone Downloads
LOS ANGELES, BERLIN and HONG KONG, Nov 4, 2009 -- Artificial Life, Inc. (OTCBB:ALIF) (http://www.artificial-life.com) today revealed its current iPhone sales and download numbers and key ranking statistics.
The Company announced that as of October 31st, 2009, it has produced and released 21 games for the iPhone and iPod touch during the last 12 months. So far, the best selling game was downloaded close to 1.8 million times, the second best over 1.4 million times and the third best over 0.55 million times. The average number of downloads per game was about 0.22 million.
Despite the large amount of games available on the Apple App Store, 20 (or 95%) of our games have climbed up to the Top 100 most downloaded rank or higher; 17 games have been ranked in the Top 50; 15 in the Top 10 downloads; and 11 games have achieved Top 5 or higher. The best games have reached Top 10 download rankings in 56 countries, i.e. 73% of all countries in which the iPhone is officially sold. 8 of our games have even hit rank 1 in 23 countries.
13 of the produced games are based on licensed and branded intellectual property from a variety of licensors, 8 games are based on Artificial Life's proprietary IP. The games have been sold into 72 countries worldwide. The top 5 countries in terms of numbers of downloads for our products are: United States, United Kingdom, Germany, Australia and France (with 45.93%, 12.08%, 5.38%, 3.88% and 3.64% of sales respectively).
12 games have stayed in the Top 100 for over 30 days, 8 games for over 90 days and 6 for over 180 days. The longest continuous Top 100 ranked game has been in the ranks for over 300 days already.
The best performing game categories were motor sports and racing games as well as cartoon based games in which 10 of our games have achieved rankings in the Top 10.
The number of iPhone game downloads is approximately equivalent to 37.8% of the overall number of games sold by the Company so far in 2009. The development time for a high quality iPhone game was on average 3-4 months.
The Company also announced that it has scheduled the release of a series of new iPhone games which will be published in the near future. This includes a motor racing game for Robbie Williams and the first massively multi-player music game for Linkin Park.
"The iPhone/iPod touch market is very competitive with thousands of games offered to download. However, our numbers and especially our ranking statistics clearly show that Artificial Life has proven its success as one of the world's leading iPhone content developers and publishers. Encouraged by the performance of our games we will continue to develop and launch more exciting games for our fans and customers in the coming weeks and months," said Eberhard Schoneburg, CEO of Artificial Life, Inc.
(iPod is a trademark of Apple Inc., registered in the US and other countries. iPhone is a trademark of Apple Inc. App Store is a service mark of Apple Inc.)
About Artificial Life, Inc.
Artificial Life, Inc. (OTCBB:ALIF) is a public U.S. corporation headquartered in Los Angeles, with its production center in Hong Kong and additional offices in Berlin (EMEA headquarter) and Tokyo. As a leading, full-service provider of mobile broadband 3G technology, mobile participation TV, mobile gaming, and content and business applications, Artificial Life provides 2D and 3D multi- and single- player rich-media applications for 3G, 3.5G and 4G network-enabled mobile phones. Recognized internationally for outstanding content quality and technology, Artificial Life transcends traditional modes of mobile communications and interactive gaming. For more information, please visit http://www.artificial-life.com
------------------------------------------------------------------------------------------------------------------------------------------------------------
(PINKSHEETS: SKTO - SK3 Group, Inc.)
LATEST NEWS!!
SK3 Group Commences Marketing to 19,000 Clients
CARLSBAD, CALIFORNIA, Nov 03, 2009 -- SK3 Group, Inc. (PINK SHEETS: SKTO) announces that it has begun marketing its product line to more than 19,000 Leading Edge members and will provide 24/7 nurse support for medical related issues including: general information on all types of health concerns, answers about medication usage and interaction and chiropractic referral to name a few.
Robert Steinberg, CEO of Leading Edge, states, "There is a need in America for access to simple and accessible healthcare information and resources. People just don't know that there are options for them at an affordable level. This marketing push with SK3 Group will educate our existing client base and in turn save them hard earned dollars."
About Leading Edge Benefits, Inc.
Leading Edge Benefits Programs offer discounts from 10% up to 60% on healthcare services and products at over 350,000 providers nationwide. Leading Edge is not a direct-to-consumer company. They create custom branded products, marketing materials and websites at reasonable or no cost to marketing partners with viable sales strategies. These unique plans can be used immediately, for a low monthly access fee. Information can be found at www.leadingedgeben.com.
About SK3 Group, Inc.
SK3 Group has two divisions that provide medical related services to its customers. Nurses On-Line is a subscription service for employers who are seeking pre-screening of workers' compensation injuries by a registered nurse prior to disposition of medical treatment - first aid, clinical referral, or emergency hospital. Nurses On-Line provides a 24/7 telephone triage system for employees and employers, which helps reduce overall exposure to financial risk and has been demonstrated to reduce reportable claims to insurance companies by as much as 61%. SK3 Group also markets preferred medical services through its facilitation partners to its client base.
------------------------------------------------------------------------------------------------------------------------------------------------------------
About StockMarketingInc.com
StockMarketingInc.com is a website that profiles stocks of interest. We are not licensed brokers or financial consultants. The information here is believed to be reliable, but not guaranteed to be accurate by StockMarketingInc.com. Please be advised that the information contained may or may not be complete and is solely for informational purposes only. This is not to be construed as an offer to sell, hold or the solicitation of an offer to buy. Investors are encouraged to seek opinions by their registered brokers or financial advisors after extensive due diligence is performed.
CONTACT: StockMarketingInc.com e-mail: info@StockMarketingInc.com Tel: +1 866 583 8960
((M2 Communications disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.
Tags: accident australia business california ceo clinical consulting consumer contract corporate defense earnings education email e-mail emergency energy energy efficiency engineering environment executive expansion federal france gasoline germany government habitat health healthcare hong kong hospital household information technology insurance investment opinion magazine manufacturer manufacturing market market share marketing medical michigan music nasdaq new jersey north america nyse online otc population product development productivity products profit property rates research revenue sales schedule silver sports statistics sterling subscription technology tokyo travel tv united kingdom united states unix utilities virginia washington water web
Companies: IceWEB, Inc. (IWEBE)
MATAWAN, NJ, Nov 04, 2009 (MARKETWIRE via COMTEX) --
I GREEN INNOVATIONS, Inc. (OTCBB: IVOT), announced today its wholly owned subsidiary B Green Innovations, Inc. has signed a distribution agreement with Whirlpool Corporation (NYSE: WHR) to sell "VibeAway(TM)" anti-vibration pad made from 100% recycled pads made from scrap tires. Whirlpool Corporation will distribute the "VibeAway(TM)" to customers nationwide seeking an environmentally responsible solution.
The distribution agreement is a terrific opportunity for B Green Innovations, Inc. to distribute products with a great brand on a national basis. We believe that our "Green" product offering, matched with great service and the strong consumer appeal of the Whirlpool brand will enable us to build market share and provide a meaningful source of revenue and profit.
The demand for environmentally responsible acoustical products has increased significantly in the past few years. The VibeAway(TM) is a welcome addition to growing lists of products we offer to our customers which focus on reducing the environmental impact of each project.
About B Green Innovations:
The B Green Innovations, Inc. ("B Green"), a wholly owned subsidiary of I Green, "Go Green" mission from its inception, is to create a "Green" company for the development of solutions to eliminate waste from the world's environment. B Green offers consumers a realistic and necessary solution to the problem of waste around the world. We believe that to truly have an impact on the planet, one must be committed to the environment and seek out environmentally friendly products.
About Whirlpool:
Whirlpool Corporation today is the world's leading manufacturer and marketer of major home appliances. Whirlpool realizes annual sales of approximately $19 billion, has 70,000 employees and maintains 69 manufacturing and technology research centers around the world. We market Whirlpool, Maytag, KitchenAid, Jenn-Air, Amana, Brastemp, Consul, Bauknecht and other major brand names to consumers in nearly every country around the world.
Certain information included in this press release from I Green Innovations, Inc., may contain forward-looking statements about our current and expected performance trends, growth plans, business goals and other matters. These statements may be contained in our filings with the Securities and Exchange Commission, in our press releases, in other written communications, and in oral statements made by or with the approval of one of our authorized officers. Information set forth in this press release contains various "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The Private Securities Litigation Reform Act of 1995 (the "Act") provides certain "safe harbor" provisions for forward-looking statements. The reader is cautioned that such forward-looking statements are based on information available at the time and/or management's good faith belief with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the statements. Forward-looking statements speak only as of the date the statement was made. We assume no obligation to update forward-looking information to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information. Forward-looking statements are typically identified by the use of terms such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "might," "plan," "predict," "project," "should," "will," and similar words, although some forward-looking statements are expressed differently. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
For more information please visit:
http://www.bgreeninnovations.com/
Contact: Dolores Serafin 732-441-7700
SOURCE: I Green Innovations
Tags: business communications consumer environment manufacturer manufacturing market market share nyse products profit research revenue securities technology
Companies: iVoice Technology Inc (IVOT), Whirlpool Corp. (WHR)
BENTON HARBOR, Mich., Oct 28, 2009 /PRNewswire-FirstCall via COMTEX/ --
Whirlpool Corporation (NYSE: WHR) today announced that it is the recipient of stimulus funds as part of the U.S. Department of Energy's (DOE) Smart Grid Investment Grant program.
(Logo: http://www.newscom.com/cgi-bin/prnh/20040202/DETU004LOGO)
The grant of $19.3 million over a two year period - which Whirlpool will match with its own investments - will help the company accelerate its work to deliver to consumers smart appliances that can connect with the smart grid. For example, the company recently announced that in 2011 it would deliver one million U.S. manufactured smart dryers capable of reacting intelligently to signals from the smart grid by modifying their energy consumption to save consumers money on their home electric bills. In markets where utilities offer variable or time-of-use pricing, these dryers could save a typical consumer $20 to $40 per year, while also benefitting the environment.
"The grants announced today are a great example of public and private partnerships that will create the next generation of energy saving solutions," said Mike Todman, president, Whirlpool Corporation North America. "Smart appliances combined with time of use pricing offer consumers the greatest ability to save money on energy costs while benefitting the environment. Whirlpool Corporation continues to leverage its strong U.S. footprint to deliver the innovations that both meet consumers' needs and help to address environmental and energy concerns."
In addition, the funds will complement the company's commitment that by 2015 all of the electronically controlled appliances it produces - everywhere in the world - will be capable of receiving and responding to signals from the smart grid. This commitment is dependent on two important public-private partnerships: the development by the end of 2010 of an open, global standard for transmitting signals to and receiving signals from a home appliance; and appropriate policies that reward consumers, manufacturers and utilities for using and adding these new peak demand reduction capabilities.
About Whirlpool Corporation
Whirlpool Corporation is the world's leading manufacturer and marketer of major home appliances, with annual sales of approximately $19 billion in 2008, 70,000 employees, and 67 manufacturing and technology research centers around the world. The company markets Whirlpool, Maytag, KitchenAid, Jenn-Air, Amana, Brastemp, Consul, Bauknecht and other major brand names to consumers in nearly every country around the world. Additional information about the company can be found at http://www.whirlpoolcorp.com.
SOURCE Whirlpool Corporation
http://www.whirlpoolcorp.com
Tags: consumer department of energy energy federal investment manufacturer manufacturing money north america nyse president research technology utilities
Companies: Whirlpool Corp. (WHR)
Benton Harbor, Mich., Oct 23, 2009 /PRNewswire via COMTEX/ --
Whirlpool Corporation (NYSE: WHR) announced today third-quarter 2009 earnings of $1.15 per diluted share compared to $2.15 per diluted share reported in the prior year. The company reported net sales of $4.5 billion, a decrease of 8 percent from the year-ago period. Excluding the impact of foreign exchange translation, the company's third-quarter sales declined approximately 3 percent.
(Logo: http://www.newscom.com/cgi-bin/prnh/20040202/DETU004LOGO)
Third-quarter operating profit increased 8 percent compared to the prior year and was favorably impacted by cost reduction and productivity initiatives. These favorable items were partially offset by lower global sales and production volumes, unfavorable foreign currency impact and lower monetization of certain tax credits. Third-quarter results included a previously announced expense of $43 million, or $0.50 per share net of tax, related to an affiliate settlement agreement with the Brazilian competition commission.
"Our strong operating performance improvement in the quarter highlights our successful cost reduction efforts, the strength of our global operating platform, our commitment to product innovation and strong consumer brands," said Jeff M. Fettig, chairman and chief executive officer of Whirlpool Corporation. "These factors, combined with our continued emphasis on marketplace execution, will remain key focal points as we manage through this challenging macroeconomic environment."
THIRD-Quarter RegionAL Review
Whirlpool North America
Third-quarter sales of $2.5 billion declined 9 percent from the prior year. Excluding the effects of currency, sales declined approximately 7 percent from the prior year. U.S. industry unit shipments of major appliances (T7)* declined 6 percent during the third quarter.
The North America region reported operating profit of $140 million compared to $74 million in the previous year. The improvement was primarily the result of cost reduction and productivity initiatives. These factors were partially offset by lower unit production volume, unfavorable foreign currency fluctuations and lower product price/mix.
Based on the current economic outlook, the company expects full-year 2009 U.S. industry unit shipments to decline approximately 10 percent compared with its prior expectation of a decline between 10 percent and 12 percent.
Whirlpool Europe
Whirlpool Europe reported third-quarter sales of $899 million, a 17 percent decrease from the prior year. Excluding the effects of currency, sales declined approximately 11 percent. Overall industry unit demand during the quarter declined approximately 10 percent from the prior year.
The region reported an operating profit of $14 million during the third quarter compared with $52 million reported in the previous year. Results were negatively impacted by substantially lower volumes and the non-recurrence of an asset sale and insurance settlement recorded in the previous year. These factors were partially offset by cost reduction and productivity initiatives.
The company continues to expect full-year 2009 industry unit shipments to decline approximately 13 percent from 2008 levels.
Whirlpool Latin America
Third-quarter net sales totaled $992 million compared to $989 million in the prior year. Excluding currency translation, sales increased approximately 12 percent. The sales increase was driven by a strong increase in Brazilian appliance demand. During the quarter, the company's Brazilian appliance sales increased 40 percent in local currency and the company continued to strengthen its leadership position in the marketplace.
Operating profit totaled $93 million in the third quarter compared with $116 million in the prior year. The lower profitability is primarily related to significantly lower monetization levels of certain tax credits and unfavorable foreign currency fluctuations. These items were partially offset by cost reduction and productivity initiatives and an overall increase in unit shipments.
The company currently anticipates full-year 2009 Brazilian appliance shipments will increase more than 15 percent compared to the previous expectation of more than 10 percent.
Whirlpool Asia
Whirlpool Asia reported third-quarter sales of $162 million, increasing 18 percent from the prior year. Excluding the impact of currency, sales increased 26 percent. Operating profit during the quarter totaled $8 million, an increase of $8 million from the prior year. The year-over-year increase in operating profit resulted from higher unit volume, higher productivity and cost reductions, and a $3 million asset sale gain. These favorable items were partially offset by unfavorable product price/mix.
The company anticipates full-year 2009 industry unit shipments in Asia to be up 10 percent compared to the previous expectation of unit shipments of flat-to-up 5 percent from 2008 levels.
Outlook
For the full-year 2009, Whirlpool Corporation expects earnings per diluted share to be approximately $4.25 compared with the prior expectation of $3.50 to $4.00 per diluted share. For the full year, the company expects to generate free cash flow** of approximately $500 million to $600 million compared with the prior expectation of $300 million to $400 million. The company's earnings and free cash flow projections are based upon current economic forecasts and business plans.
"Our improved outlook reflects our success in restructuring our business to aggressively align our capacity and resources to lower demand levels," said Fettig. "While we continue to see uncertain and volatile demand levels in many markets, we are well-positioned to deliver higher 2009 earnings and free cash flow compared with our previous expectations."
* T7 refers to the following household appliance categories: washers, dryers, refrigerators, freezers, dishwashers, ranges and compactors.
** A reconciliation of free cash flow, a non-GAAP financial measure, to cash provided by operations appears below under the heading "Cash Flow Reconciliation."
-- Whirlpool North America Region launched:
-- The Whirlpool Gold free-standing, double oven range. The upper oven
uses 50 percent less energy and pre-heats in half the time, compared
to a conventional full-sized oven.
-- The Maytag brand Performance Series front-load washing machine with
Fresh Hold option and Dynamic Venting Technology. The
high-efficiency, ENERGY STAR(R) qualified washing machine
incorporates Dynamic Venting Technology, an industry-first available
on certain models, and a fan to circulate air to help prevent odor.
-- The Maytag brand Bravos high-efficiency top-load laundry pair
featuring the largest capacity in the industry, faster spin speeds
and Maytag commercial technology. The high-efficiency top-load
laundry pair now has an even larger capacity of 5.0 cubic feet that
can wash up to 18 pounds of laundry per load.
-- The Maytag brand ICE2O refrigerator with patented door seal to keep
cold air in and warm air out to maintain a steady temperature while
saving energy. The ICE2O also features a Beverage Chiller to keep
liquids four degrees cooler than the rest of the refrigerator, a
measured fill option with rotating faucet, Store-N-Door Ice
Dispensing System and a color LCD touch screen with a power outage
indicator.
-- A Maytag brand gas range with the industry's largest oven capacity
available and powerful 17,000 BTU burners, which boil water faster
than a standard burner.
-- The Amana brand top-freezer refrigerator in a new midnight blue
color.
-- Gladiator GarageWorks tool storage solutions for its classic and
premier product lines. Components are sold separately, but are
designed to work together:
-- The premier three-piece stacked tool chest consisting of a
seven-drawer roll-away, three-drawer intermediate chest and
six-drawer tool chest.
-- A classic three-piece stacked tool chest consisting of a
five-drawer roll-away, three-drawer intermediate chest and
nine-drawer tool chest.
-- The premier 41" wide tool chest consisting of a 10-drawer tool
chest and 12-drawer roll-away.
-- A premier 52" wide tool chest consisting of a 10-drawer tool
chest and 10-drawer roll-away.
-- Whirlpool Europe Region launched:
-- The Whirlpool brand iXelium stainless steel cooktop, the first
cooktop that never loses its shine. With the exclusive application
of nanotechnology to steel, the iXelium steel cooktop is quick and
easy to clean: its surface prevents food residue from becoming
attached. The cooktop is unaffected by chemical agents or mechanical
actions, and it never becomes stained or scratched.
-- The Whirlpool brand Green Generation washing machine. The washing
machine features Whirlpool exclusive 6TH SENSE technology, a
SuperEco cycle that reduces energy consumption by up to 40 percent
on a full load, and a Detergent Optimization System (DOS) capable of
reducing detergent use by up to 20 percent for every wash. In
addition, the hot fill connection, that uses water heated by solar
panels or other alternative sources, can reduce energy consumption
by up to 60 percent.
-- The Whirlpool brand no-frost Fresh Control refrigerator designed to
naturally keep food fresh for up to twice as long. Its active
sensors detect changes in temperature and humidity, and the
refrigerator adapts to these changes to maintain the optimal
environment for preserving food.
-- The Bauknecht brand EcoStyle dishwasher featuring sensors that
detect the soil level of the dishes to reduce water consumption by
up to 50 percent and cycle times by up to 60 percent.
-- The KitchenAid brand induction cooktop featuring a griddle function
and griddle accessory. When the griddle is placed on the cooktop
and the griddle function is selected, the cooktop automatically
adjusts the power level to maintain the correct temperature.
-- Whirlpool Latin America Region launched:
-- The Brastemp brand Ative! dishwasher featuring an LCD display and
seven wash cycles. The dishwasher uses eight times less water than
hand washing.
-- The Brastemp brand Gourmand line of kitchen appliances, offering
consumers the ability to create an aesthetically unified kitchen,
with state-of-the-art innovation and modern, robust design. Some
items in the new Gourmand line include two-door refrigerators,
dishwashers, microwaves, cooktops, a wine cellar, and five-burner
ranges - including one with a steamer in the stove. The line also
offers kitchen accessories, such as pots and utensils.
-- The Consul brand window air conditioner with humidifier to the
Brazilian market. The Consul Bem-Estar unit can be used to provide
both cool air and increased humidity for drier climates.
-- The Consul brand's first five-burner range. The Consul Facilite
range features a pre-heating sensor, a Super Flame function to aid
in the preparation of long-standing foods, tall feet for easier
cleaning under the unit, an iron handle and double grills.
-- Whirlpool Asia Region launched:
-- The SuperWash washing machine series featuring India's only
semi-automatic washing machine with built-in heater. Other washing
machine features in the series include large load capacities and a
patented wash system agitator.
THIRD-QUARTER 2009 AWARDS AND ACCOMPLISHMENTS
-- Whirlpool Corporation was named to the 2009/2010 Dow Jones
Sustainability Index (DJSI), an international stock portfolio that
evaluates corporate performance using economic, environmental and social
criteria. This is the fifth year in a row that Whirlpool has been named
to a Dow Jones Sustainability Index.
-- Whirlpool Corporation was named to the Newsweek Green Rankings, a list
of the 500 greenest big companies in America. Whirlpool ranked 78th on
the list.
-- Whirlpool Corporation became a member of The Demand Response and Smart
Grid Coalition (DRSG) and announced its commitment to make 1 million
smart-grid ready dryers by the end of 2011.
-- Whirlpool Corporation teamed up with Habitat for Humanity(R) to help
build eight homes in five days in Atlanta as part of the fourth annual
Whirlpool Building Blocks program.
-- Whirlpool Corporation was named to the Human Rights Campaign's Corporate
Equality Index 2010, receiving a top rating of 100 percent. The index
recognizes businesses that work with and provide for lesbian, gay,
bisexual and transgender workers and consumers. This marks the sixth
consecutive year on the index.
-- Whirlpool Latin America was named the Best Company to work for in Brazil
for the 13th consecutive year by Guia Voce S.A/Exame.
-- Whirlpool Latin America was named one of the 25 most innovative
companies in Brazil, according to a survey led by Epoca Negocios
magazine.
-- The Jenn-Air brand ductless downdraft cooktop was named one of the 100
Best New Products by Professional Builder for 2009, for innovation and
new technology.
-- The July issue of Building Products named the Whirlpool brand SteamClean
range a 2009 Most Valuable Product.
-- The Maytag Bravos high-efficiency top-load washing machine was named the
No. 1 top-load washer by a leading consumer magazine.
-- Three Amana brand refrigerators received Best Buy recognition by a
leading consumer magazine.
-- The Whirlpool brand was recognized with a 2009 Good Green Design Award
from the Chicago Athenaeum for its Duet fabric care system.
-- In China, the Whirlpool brand three-door refrigerator won an iF design
award. This marks Whirlpool Corporation's third iF Design Award this
year.
-- The Institut Francais du Design in Paris awarded the Whirlpool brand
PURE water filtration product with the prestigious Janus de l'Industrie
Award. This water filtration product, designed in Europe, meets growing
consumer demand for products that help achieve a more eco-friendly
lifestyle.
-- In Europe, the Whirlpool brand Max 28 grill microwave oven picked up a
Best Buy award in the August 2009 issue of U.K. consumer magazine,
Which?.
-- In Europe, the Whirlpool brand combi microwave oven was named Best Buy
and Best in Test in the September 2009 issue of French consumer
magazine, Que Choisir.
-- Whirlpool India received the Frost & Sullivan 2009 Business Development
Strategy Leadership Award in the Indian Residential Point-of-Use Water
Treatment Systems Market. The award is presented annually to a company
that is able to anticipate consumer needs and develop products and/or
services that meet consumer demands, successfully introduce products or
services to the industry and identify new market segments to expand the
existing consumer base.
Cash Flow Reconciliation
The table below reconciles actual 2009 and 2008 and projected 2009 cash provided by operations determined in accordance with generally accepted accounting principles (GAAP) in the United States to free cash flow, a non-GAAP measure. Management believes that free cash flow provides shareholders with a relevant measure of liquidity and a useful basis for assessing the company's ability to fund its activities and obligations. There are limitations to using non-GAAP financial measures, including the difficulty associated with comparing companies that use similarly named non-GAAP measures whose calculations may differ from the company's calculations. As defined by the company, free cash flow is cash provided by operations after capital expenditures and proceeds from the sale of assets/businesses.
Nine Months Ended
September 30
------------
(millions of dollars) 2009 2008 2009 Outlook
---- ---- ------------
Cash provided
by (used in) operations $652 $(6) $900 - $1,025
Capital expenditures (348) (378) (475) - (525)
Proceeds from sale of assets 69 35 75 - 100
--- --- --- ---
Free cash flow $373 $(349) $500 $600
=== === === ===
About Whirlpool Corporation
Whirlpool Corporation is the world's leading manufacturer and marketer of major home appliances, with annual sales of approximately $19 billion in 2008, 70,000 employees, and 67 manufacturing and technology research centers around the world. The company markets Whirlpool, Maytag, KitchenAid, Jenn-Air, Amana, Brastemp, Consul, Bauknecht and other major brand names to consumers in nearly every country around the world. Additional information about the company can be found at http://www.whirlpoolcorp.com.
Whirlpool Additional Information:
This document contains forward-looking statements about Whirlpool Corporation and its consolidated subsidiaries ("Whirlpool") that speak only as of this date. Whirlpool disclaims any obligation to update these statements. Forward-looking statements in this document may include, but are not limited to, statements regarding expected earnings per share, cash flow, productivity and material and oil-related prices. Many risks, contingencies and uncertainties could cause actual results to differ materially from Whirlpool's forward-looking statements. Among these factors are: (1) changes in economic conditions which affect demand for our products, including the strength of the building industry and the level of interest rates; (2) the effects of the global economic crisis on our customers, suppliers and the availability of credit; (3) Whirlpool's ability to continue its relationship with significant trade customers, including Sears Holding Corporation in North America (accounting for approximately 11% of Whirlpool's 2008 consolidated net sales of $18.9 billion) and the ability of these trade customers to maintain or increase market share; (4) intense competition in the home appliance industry reflecting the impact of both new and established global competitors, including Asian and European manufacturers; (5) the ability of Whirlpool to manage foreign currency fluctuations; (6) litigation including product liability and product defect claims; (7) the ability of Whirlpool to achieve its business plans, productivity improvements, cost control, leveraging of its global operating platform, and acceleration of the rate of innovation; (8) fluctuations in the cost of key materials (including steel, oil, plastic, resins, copper and aluminum) and components and the ability of Whirlpool to offset cost increases; (9) the ability of suppliers of critical parts, components and manufacturing equipment to deliver sufficient quantities to Whirlpool in a timely and cost-effective manner; (10) health care cost trends and regulatory changes that could increase future funding obligations for pension and other postretirement benefit plans; (11) Whirlpool's ability to obtain and protect intellectual property rights; (12) global, political and/or economic uncertainty and disruptions, especially in Whirlpool's significant geographic regions, including uncertainty and disruptions arising from natural disasters or terrorist attacks; (13) the effects of governmental investigations or related actions by third parties; (14) the impact of labor relations; (15) our ability to attract, develop and retain executives and other qualified employees; (16) the cost of compliance with environmental and health and safety regulations. Additional information concerning these and other factors can be found in Whirlpool Corporation's filings with the Securities and Exchange Commission, including the most recent annual report on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K.
WHIRLPOOL CORPORATION
CONSOLIDATED CONDENSED STATEMENTS OF INCOME (UNAUDITED)
FOR THE PERIOD ENDED SEPTEMBER 30
(Millions of dollars, except per share data)
Three Months Nine Months
Ended Ended
------------ -----------
2009 2008 2009 2008
---- ---- ---- ----
Net sales $4,497 $4,902 $12,235 $14,592
Expenses
Cost of products sold 3,877 4,217 10,537 12,541
Selling, general and
administrative (exclusive of
intangible amortization) 400 477 1,117 1,419
Intangible amortization 7 7 21 21
Restructuring costs 24 24 71 72
--- --- --- ---
Operating profit 189 177 489 539
Other income (expense)
Interest and
sundry income
(expense) (51) (3) (110) (34)
Interest expense (58) (52) (178) (150)
--- --- ---- ----
Earnings before
income taxes and
other items 80 122 201 355
Income tax benefit (13) (46) (51) (41)
--- --- --- ---
Net earnings 93 168 252 396
Less: Net earnings
available to
noncontrolling interests (6) (5) (19) (22)
--- --- --- ---
Net earnings available to
Whirlpool common
stockholders $87 $163 $233 $374
=== ==== ==== ====
Per share of common stock
Basic net earnings
available to Whirlpool
common stockholders $1.17 $2.18 $3.13 $4.96
===== ===== ===== =====
Diluted net earnings
available to Whirlpool
common stockholders $1.15 $2.15 $3.10 $4.89
===== ===== ===== =====
Dividends $0.43 $0.43 $1.29 $1.29
===== ===== ===== =====
Weighted-average
shares outstanding
(in millions)
Basic 74.7 74.6 74.4 75.4
Diluted 75.7 75.5 75.2 76.4
WHIRLPOOL CORPORATION
CONSOLIDATED CONDENSED BALANCE SHEETS
(Millions of dollars, except share data)
(Unaudited)
September 30, December 31,
2009 2008
------------ ------------
Assets
Current assets
Cash and equivalents $725 $146
Accounts receivable, net of
allowance for uncollectible
accounts of $74 and $66 at
September 30, 2009 and
December 31, 2008, respectively 2,742 2,103
Inventories 2,418 2,591
Deferred income taxes 388 580
Other current assets 649 624
--- ---
Total current assets 6,922 6,044
----- -----
Other assets
Goodwill, net 1,728 1,728
Other intangibles, net of accumulated
amortization of $123 and $96 at
September 30, 2009 and December 31,
2008, respectively 1,802 1,821
Other assets 1,339 954
----- ---
Total other assets 4,869 4,503
----- -----
Property, plant and equipment
Land 74 74
Buildings 1,221 1,186
Machinery and equipment 8,107 7,549
Accumulated depreciation (6,336) (5,824)
------ ------
Total property, plant and
equipment 3,066 2,985
----- -----
Total assets $14,857 $13,532
======= =======
Liabilities and stockholders' equity
Current liabilities
Accounts payable $3,067 $2,805
Accrued expenses 686 530
Accrued advertising and promotions 476 440
Employee compensation 463 306
Notes payable 45 393
Current maturities of long-term debt 371 202
Other current liabilities 649 887
--- ---
Total current liabilities 5,757 5,563
----- -----
Noncurrent liabilities
Long-term debt 2,503 2,002
Pension benefits 1,495 1,505
Postretirement benefits 774 822
Other liabilities 636 567
--- ---
Total noncurrent liabilities 5,408 4,896
----- -----
Commitments and contingencies
Stockholders' equity
Common stock, $1 par value, 250 million
shares authorized, 104 million shares
issued at September 30, 2009 and
December 31, 2008, respectively,
74 million and 73 million shares
outstanding at September 30, 2009
and December 31, 2008, respectively 104 104
Additional paid-in capital 2,040 2,033
Retained earnings 4,130 3,993
Accumulated other comprehensive income
(loss) (845) (1,259)
Treasury stock, 30 million shares and
31 million shares at September 30, 2009
and December 31, 2008, respectively (1,839) (1,865)
------ ------
Total Whirlpool stockholders'
equity 3,590 3,006
----- -----
Noncontrolling interests 102 67
--- --
Total equity 3,692 3,073
----- -----
Total liabilities and stockholders' equity $14,857 $13,532
======= =======
WHIRLPOOL CORPORATION
CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED)
NINE MONTHS ENDED SEPTEMBER 30
(Millions of dollars)
2009 2008
---- ----
Operating activities
Net earnings $252 $396
Adjustments to reconcile earnings to cash
provided by (used in) operating activities:
Depreciation and amortization 388 467
Curtailment gain (92) -
Decrease in LIFO inventory reserve (23) -
Gain on disposition of assets (10) (16)
Changes in assets and liabilities:
Accounts receivable (524) (67)
Inventories 332 (459)
Accounts payable 94 68
Restructuring charges, net of cash paid (40) -
Taxes deferred and payable, net (92) (116)
Accrued pension (16) (96)
Employee compensation 165 1
Other 218 (184)
--- ----
Cash provided by (used in) operating activities 652 (6)
--- ---
Investing activities
Capital expenditures (348) (378)
Proceeds from sale of assets 69 35
Other (15) -
--- ---
Cash used in investing activities (294) (343)
---- ----
Financing activities
Proceeds from borrowings of long-term debt 863 502
Net (repayments)/proceeds from short-term borrowings (340) 561
Repayments of long-term debt (206) (131)
Dividends paid (96) (98)
Purchase of treasury stock - (247)
Common stock issued - 21
Other (37) (1)
--- ---
Cash provided by financing activities 184 607
--- ---
Effect of exchange rate changes on cash and equivalents 37 (34)
-- ---
Increase in cash and equivalents 579 224
Cash and equivalents at beginning of period 146 201
--- ---
Cash and equivalents at end of period $725 $425
==== ====
SOURCE Whirlpool Corporation
http://www.whirlpoolcorp.com
Tags: accounting advertising annual report art asia brazil business ceo china commercial consumer copper corporate currency debt dividends dow jones earnings energy environment equity europe food foreign exchange gaap gasoline gold habitat health index india insurance interest rates labor local machinery magazine manufacturer manufacturing market market share north america nyse oil paris plant politics prices productivity products property regulations research residential restructuring sales sec-8k steel tax taxes technology trade treasury water wine
Companies: Whirlpool Corp. (WHR)
Total : 218 View more »
Aircraft Photo by Mark Kalfas, N1904W, 1994 Gulfstream Aerospace G-IV, Whirlpool Corp., Gulfstream G-IV, N1904W, left turn after departure RWY 2L KDPA.
Whirlpool Corporation Reports Record Results; Record Revenues and Strong Cash Flow; Earnings Impacted by Slowing U.S.
The world's leading major home appliance manufacturer! We've made advances in quality, innovation, and energy efficiency. We're investing to create exceptional homes.
http://suppliers.housingzone.com/Company/3873670-Whirlpool_Corp.
Whirpool Cuts Forecast, Will Cut 5K Jobs by End of Next Year; Royal Caribbean 3Q Profit Rises, EPS Beat by Over Twenty Cents; http://www.clipsyndicate.com/video/playlist/1998/731830?cpt=8&wpid=523
http://www.zibb.com/article/4256589/Video+Stocks+to+Watch+Whirpool+Royal+Caribbean+Cruises
Total : 32,500,000 View more »
Home Page Description ... Whirlpool brand Quartz washing machine; Consul Aquarela microwave oven; Amana Jot Refrigerator
Whirlpool Corporation (NYSE: WHR) is a Fortune 500 company and a global manufacturer and marketer of major home appliances, with annual sales of approximately $20 billion, more ...
® Registered trademark/TM Trademark of Whirlpool, U.S.A. © Whirlpool Corporation. All Rights Reserved. All other trademarks are owned by their respective companies.
Whirlpool Corporation announced today that it will participate in the Raymond James 30th Annual Institutional Investors Conference on Monday, March 9 at 11:35 a.m. EDT at the JW Marriott Grande Lakes in ...
Kirby Corporation announced today that Joe Pyne, Kirby's President and Chief Executive Officer, will present at the Morgan Keegan 2008 Equity Conference on Thursday, September 4, 2008, at 1:00 p.m. central ...