WASHINGTON–(BUSINESS WIRE)–Dr. David Blumenthal, HHS’ National Coordinator for Health Information Technology, today announced plans to make available $80 million in grants to help develop and strengthen the health information technology workforce. The grants that will be made available include $70 million for community college training programs and $10 million to develop educational materials to support these programs. Both programs will support the immediate need for skilled health information technology (health IT) professionals who will enable the broad adoption and use of health IT throughout the United States. Authorized by the American Recovery and Reinvestment Act (ARRA), the grants are the first in a series of programs to help strengthen and support the health IT workforce. Additional details regarding the grant programs for these and other key resource and training areas will be announced over the next several weeks. “Ensuring the adoption of electronic health records (EHRs), information exchange among health care providers and public health authorities, and redesign of workflows within health care settings all depend on having a qualified pool of workers,” Dr. Blumenthal said. “The expansion of a highly skilled workforce developed through these programs will help health care providers and hospitals implement and maintain EHRs and use them to strengthen delivery of care.” The Community College program will establish intensive, non-degree training that can be completed in six months or less by individuals with some background in either health care or IT fields. Participating colleges will coordinate their efforts through five regional consortia that span the nation. Graduates of this training will fill a variety of roles that both assist health care practices during the critical process of deploying IT systems and support these practices on an ongoing basis. The curriculum development program will make high quality educational materials available to the community colleges so these training programs can be established quickly to meet these workforce needs. Any U.S. non-profit institution of higher learning currently engaged in providing training in health IT that is interested in drafting curriculum or establishing a consortium that includes community colleges may apply for the grants. Information about grant applications will be available shortly at http://healthIT.HHS.gov/HITECHgrants . “Critical to achieving the goal of the Heath Information Technology for Economic and Clinical Health (HITECH) Act and supporting meaningful use of health IT is the availability of a skilled workforce that understands the unique technology and management needs within a clinical setting,” added Dr. Blumenthal. “These newly funded programs are designed to equip the most qualified and advanced IT workforce in the world with the tools they need to modernize our health system.” To learn more about the workforce plans and other HITECH grants programs visit http://HealthIT.HHS.gov/HITECHgrants . Note: All HHS press releases, fact sheets and other press materials are available at http://www.hhs.gov/news . Visit link: HHS Announces Plans to Make $80 Million Available to Support Health IT Workforce (Business Wire)

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As we all know by now government spending and the Fed’s liquidity programs have provided a substantial boost to the economy .  Some would argue that these government programs are simply delaying the inevitable and masking over the real problems in the system.  According to Annaly Capital Management , these programs are having an especially profound impact on the housing market.  As we’ve often argued, many of these programs are nothing more than grandiose wastes of taxpayer dollars and do nothing more than kick the can down the road while adding substantially to the debt burden of the future.  After all, this short-term painkiller does nothing to actually attack the long-term cancer that is plaguing the economy (it’s the debt, stupid! ).  Evidence of this false recovery is found perfectly in last months housing data as the government nearly let the homebuyers tax credit expire: We love the daily “event” of data releases.  On most mornings, you can look around our trading desk and gaze upon a sea of Bloomberg terminals all pointed to the ECO screen, the economic release calendar showing the estimates and actual of each data point to be released that day.  On 11/19/09, a data point showed up on the screen that we hadn’t really paid attention to before:  RPX Composite 28dy Index.  It came in at 193.96 for September 17, versus 200.29 in the prior period.  We didn’t know what any of that meant, but we are always in search of new data to track, so we went digging.  As it turns out, it’s pretty interesting. The data comes from Radar Logic , so we’ll let them explain in their own words what the numbers are: Radar Logic is a technology-driven data and analytics business that produces a daily “spot” price for residential real estate in major U.S. metropolitan areas. Data are captured from public sources and translated into the Radar Logic Daily TM Prices for 25 U.S. Metropolitan Statistical Areas (MSAs), the Manhattan condo market, and a 25-MSA composite.  The prices reflect the actual prices paid for residential real estate on any given day and are computed using proprietary and transparent algorithms. The 28 day index that we are looking at represents prices over the 28 day period ending September 17.  The index measures price per square foot.  There’s obviously a bit of a lag since we are just now getting September prices, but that’s fine because this particular time period is an interesting one.  The National Association of Realtors (NAR) had been on a campaign to keep potential users of the new homebuyer tax credit from missing the cutoff date.  All of the following quotes from NAR press releases are from NAR President Charles McMillan: 8/21/09 – potential homebuyers “should try to make contract offers by the end of September” 9/24/09 – “buyers have little time to act” 10/1/09 – buyers “must make a contract offer very soon to have a reasonable chance of qualifying” for the credit Based on the urgency of the message (Mr. McMillan is a practicing realtor himself in Texas), we’re guessing that the vast majority of buyers planning to use the credit had already made their offers by the end of September at the urging of their realtor.  Below, we take a look at the new housing recovery by graphing the Radar Logic price-per-square foot with another recent data point that disappointed, new single family housing starts. Interestingly enough, prices have already begun to fall by mid-September after a sharp rise following the initiation of the $8,000 first-time credit.  This is starting to remind us of another chart showing what happens when the government steps away.  The extension and expansion of the tax credit wasn’t approved by Congress until 11/5/09, so there was at least 1 month (October) of housing activity that we would call “normal”, unmolested by incentives.  It should be instructive to watch data releases for this month.  But alas, September data are still trickling in.  Our ECO screen tells us that next week we get  S&P/Case-Shiller and FHFA housing data for September.  Don’t worry, the housing market stimulus is back in effect until April 2010 , so we won’t have to worry about the housing market until then. Source: Annaly Capital Management See the rest here: WHAT HAPPENS WHEN THE GOVERNMENT STOPS PROPPING UP THE HOUSING MARKET?

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DALLAS, Nov. 20 /PRNewswire-FirstCall/ — Blockbuster Inc. (NYSE: BBI – News , BBI.B – News ), a leading global provider of media entertainment, today announced its Board of Directors has authorized a combination of its shares of Class A Common Stock and Class B Common Stock into a single class of shares of common stock. Blockbuster’s dual class capital structure was originally established in connection with Blockbuster’s prior ownership by Viacom. Blockbuster believes that elimination of the dual class capital structure will improve the liquidity of its common stock and end confusion regarding the differences between the two classes of common stock. The combination will be subject to obtaining the requisite stockholder approvals at Blockbuster’s annual stockholders meeting in 2010 and will not take effect until such approvals are obtained. Blockbuster’s Board of Directors may explore additional alternatives with respect to its capital structure if necessary to cure the price condition deficiency. In addition, on Nov. 17, 2009 the Company was notified by the New York Stock Exchange (”NYSE”) that it is not currently in compliance with the NYSE’s continued listing standard that requires the average closing price of the Company’s common stock be no less than $1.00 per share over a consecutive 30 trading-day period. Under NYSE rules, the Company has six months from the date of the notice to bring its share price and average price back to or above $1.00. During this time the Company’s common stock will continue to be listed and traded on the NYSE, subject to compliance with other NYSE continued listing requirements. If the Company has not cured the price condition deficiency by the end of the cure period, its common stock would be subject to delisting by the NYSE. In accordance with NYSE rules, Blockbuster will notify the NYSE within 10 business days from the receipt of the notice of its intent to cure the price condition deficiency. About Blockbuster Inc. Blockbuster Inc. is a leading global provider of rental and retail movie and game entertainment. The Company provides its customers with convenient access to media entertainment anywhere and any way they want it – whether in-store, by-mail, through vending and kiosks or digital download. With a highly recognized brand name and a library of over 125,000 movie and game titles, Blockbuster leverages its multi-channel presence to further build upon its leadership position in the media entertainment industry and to best serve the two million daily global customers and over 50 million annual global customers. The Company may be accessed worldwide at www.blockbuster.com . Forward Looking Statements This release contains “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. Forward-looking statements may also be included from time to time in our other public filings, press releases, our website and oral and written presentations by management. Specific forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts and include, without limitation, words such as “may,” “will,” “expects,” “believes,” “anticipates,” “plans,” “estimates,” “projects,” “predicts,” “targets,” “seeks,” “could,” “intends,” “foresees” or the negative of such terms or other variations on such terms or comparable terminology. These forward-looking statements are based on management’s current intent, belief, expectations, estimates and projections. These statements are not guarantees of future performance and involve risks, uncertainties, assumptions and other factors that are difficult to predict. Therefore, actual results may vary materially from what is expressed in or indicated by the forward-looking statements. The risk factors set forth under “Item 1A. Risk Factors” in our Annual Reports on Form 10-K and other matters discussed from time to time in our filings with the Securities and Exchange Commission, including the “Disclosure Regarding Forward-Looking Information” and “Risk Factors” sections of our Quarterly Reports on Form 10-Q, among others, could affect future results, causing these results to differ materially from those expressed in our forward-looking statements. These risks and uncertainties include the Company’s ability to achieve and maintain a share price and average price at or above $1.00 per share of its common stock by the expiration of the six-month period, the Company’s failure to continue to satisfy the NYSE’s other qualitative and quantitative listing standards for continued listing, the NYSE’s right to take more immediate action in the event that the stock trades at levels that are viewed as “abnormally low” on a sustained basis or based on other qualitative factors, and the approval by the Company’s stockholders of the combination of the Class A Common Stock and Class B Common Stock. In the event that the risks disclosed in our public filings and those discussed above cause results to differ materially from those expressed in our forward-looking statements, our business, financial condition, results of operations or liquidity could be materially adversely affected and investors in our securities could lose part or all of their investments. Accordingly, our investors are cautioned not to place undue reliance on these forward-looking statements because, while we believe the assumptions on which the forward-looking statements are based are reasonable, there can be no assurance that these forward-looking statements will prove to be accurate. Further, the forward-looking statements included in this release and those included from time to time in our other public filings, press releases, our website and oral and written presentations by management are only made as of the respective dates thereof. We undertake no obligation to update publicly any forward-looking statement in this release or in other documents, our website or oral statements for any reason, even if new information becomes available or other events occur in the future. Rule 14a-12 Legend Blockbuster and its directors and officers may be deemed to be participants in the solicitation of proxies from Blockbuster stockholders in connection with the proposal to combine the Class A Common Stock and Class B Common Stock. Information about Blockbuster’s directors and executive officers and their ownership of Blockbuster stock is set forth in the proxy statement for Blockbuster’s 2009 Annual Meeting of Stockholders. Investors can obtain more information when the proxy statement relating to stockholder approval of the combination of the Class A Common Stock and Class B Common Stock becomes available. This proxy statement, and any other documents filed by Blockbuster with the SEC, may be obtained free of charge at the SEC web site at www.sec.gov . Investors should read the proxy statement carefully, when it becomes available, before making any voting decision because it will contain important information. Originally posted here: Blockbuster Announces Plans to Combine Class A Common Stock and Class B Common Stock; Company Notified by NYSE of Non-Compliance with Continued…

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STURTEVANT, Wis.–(BUSINESS WIRE)–JohnsonDiversey, Inc. (“JohnsonDiversey”) today announced the pricing of its private placement of $400 million in aggregate principal amount of 8.25% senior notes due November 15, 2019. The notes are being offered by JohnsonDiversey in connection with the recapitalization transactions announced by JohnsonDiversey on October 7, 2009, which will include the entry into new $1.25 billion senior secured credit facilities. JohnsonDiversey expects to use the net proceeds from the senior notes offering, together with amounts borrowed under the new senior secured credit facilities, to provide a portion of the funds necessary to consummate the recapitalization transactions, including to fund the repurchase or redemption by JohnsonDiversey of its outstanding senior subordinated notes and to repay outstanding borrowings under its existing senior secured credit facilities. This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act of 1933. This press release is for information purposes only and is not an offer to sell, or the solicitation of an offer to buy, the notes described herein. The notes have not been and will not be registered under the Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act of 1933. The notes will be offered inside the United States only to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933 and to persons outside the United States in reliance on Regulation S under the Securities Act of 1933. ABOUT JOHNSONDIVERSEY JohnsonDiversey, Inc. is committed to a cleaner, healthier future. Its products, systems and expertise make food, drink and facilities safer and more hygienic for consumers and for building occupants. With sales into more than 175 countries, JohnsonDiversey is a leading global provider of commercial cleaning, sanitation and hygiene solutions. The company serves customers in the building management, lodging, food service, retail, health care, and food and beverage sectors. JohnsonDiversey is headquartered in Sturtevant, Wisconsin, USA. Forward-Looking Statements This press release contains forward-looking statements about JohnsonDiversey. All forward-looking statements in this press release represent the judgment of JohnsonDiversey only as the date of this press release. Actual events may differ from current expectations. Therefore, the reader is cautioned not to rely on these forward-looking statements. JohnsonDiversey disclaims any intent or obligation to update these forward-looking statements. Additional information concerning risk factors of JohnsonDiversey may be found in previous press releases issued by JohnsonDiversey and in its public periodic filings with the Securities and Exchange Commission. Read the original here: JohnsonDiversey Announces Pricing of Private Placement of Senior Notes (Business Wire)

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BEIJING, Nov. 19 /PRNewswire-Asia/ — eFuture Information Technology Inc. (Nasdaq: EFUT, the “Company” or “eFuture”), a leading provider of software and services in China’s rapidly growing retail and consumer goods industries, today announced its unaudited financial results for the fiscal quarter ended June 30, 2009 (the “Second Quarter”) and restatement of unaudited financial results for the fiscal quarter ended March 31, 2009 (the “First Quarter”). As noted in previous press releases, the Company reviewed its accounting for certain matters in the First Quarter and has determined that a restatement of unaudited financial information for the First Quarter is appropriate. The Company previously released unaudited financial information for the First Quarter in a press release dated June 9, 2009 (the “Press Release”). Investors should no longer rely upon the financial information contained in the Press Release. Investors should rely solely upon the unaudited financial information for the First Quarter contained herein. Second Quarter Financial Highlights: RMB Unaudited Unaudited Quarter Ended Quarter Ended June 30, 2008 June 30, 2009 Reported Adjusted Reported Profit and Loss (selected) Total Revenue 24,160,436 24,160,436 22,205,838 Total Cost of 10,368,762 10,368,762 12,387,931 Revenue Gross profit 13,791,673 13,791,673 9,817,907 Total Expenses 12,560,484 12,698,084 19,568,210 Income (loss) from operations 1,231,189 1,093,589 (9,750,303) Net Income 2,814,162 969,364 (11,383,275) (loss) Comprehensive 0 0 0 Income/Loss Net Income per share – Basic 0.94 0.32 (3.39) – Diluted 0.94 0.32 (3.39) — Total revenues decreased 8.09% year-over-year to RMB22.21 million (US$3.25 million). – Revenue from software license sales increased 21.81% year-over-year to RMB10.61 million (US$1.55 million). – Revenue from hardware sales was nil, compared to RMB2.92 million in the second quarter of 2008. – Service fee income decreased 7.49% year-over-year to RMB11.59 million (US$1.70 million). — Gross profit decreased 28.81% year-over-year to RMB9.82 million (US$1.44 million). Gross margin decreased to 44.21% from 57.08% in the second quarter of 2008. — Operating loss was RMB9.75 million (US$1.43 million), compared to net income of RMB1.09 million in the second quarter of 2008. — Net loss was RMB11.38 million (US$1.67 million), compared to net income of RMB0.97 million in the second quarter of 2008. — Diluted net loss per share was RMB3.39 (US$0.50), as compared to net income per share of RMB0.32 for the second quarter of 2008. — Operating cash flow was -RMB14.42 million (-US$2.11 million). — Adjusted net loss (non-GAAP) was RMB6.71 million (US$0.98 million), compared to an adjusted net income of RMB4.52 million in the second quarter of 2008. — Non-GAAP adjusted diluted loss per share was RMB1.98 (US$0.29). Mr. Adam Yan, Chairman and Chief Executive Officer of eFuture, said, “Our results for the second quarter reflect the challenges we have faced from the market slow-down, especially in our logistics and department store and shopping mall business. However, these challenges were mitigated somewhat by healthy software license revenues driven by a rebound in demand in our Supermarket, Specialty Store and Key Accounts SBUs. We have continued to execute on our strategic, business and operational imperatives, which are to solidify our core enterprise software business, grow value-added services revenues, expand the scope and depth of our eService offering, including our B2B service and SaaS service for SCM and B2C eShopping platform and invest in building our presence in the second and third tier cities. We believe our business remains fundamentally sound, and we continue to be well positioned to capitalize on the growth opportunities in the software market for retail and consumer goods industries.” Second Quarter Unaudited Financial Results Revenue Revenue for the Second Quarter decreased 8.09% to RMB22.21 million (US$3.25 million) from RMB24.16 million in the second quarter 2008 mainly due to a slow-down in hardware sales. Software license revenues increased by 21.08% year-over-year to RMB10.6 million, primarily attributable to the recovery from Supermarket, Specialty Store and Key Account SBUs. Service fee income decreased by 7.49% year-over-year, and as a percentage of revenue continued to increase and accounted for 55.21% of total revenue in the Second Quarter, as compared to 51.87% in the same period last year. Revenue Breakdown 2008Q2 2009Q2 Restated RMB ‘000 RMB ‘000 USD ‘000 Y-o-Y Change Software license sales 8,712 10,611 1,554 21.80% Hardware sales 2,916 — – — Service fee income 12,533 11,595 1,698 (7.48%) Total 24,160 22,206 3,251 (8.09%) Cost of Revenues The cost of revenue for the Second Quarter increased 19.47% to RMB12.39 million (US$1.81 million) from RMB10.37 million in the second quarter 2008. Cost of Revenues Breakdown 2008Q2 2009Q2 Restated RMB ‘000 RMB USD Y-o-Y ‘000 ‘000 Change Cost of software license sales 2,040 3,526 516 72.84 % Cost of hardware sales 2,549 — – — Cost of service see 2,983 4,937 723 65.49 % Amortization of acquired technology 1,905 3,019 442 58.49 % Amortization of software costs 892 906 133 1.57 % Total 10,369 12,388 1,814 19.47 % The increase in cost of revenue was partially attributable to a one-time recognized cost from a few unprofitable projects and the amortization of acquired technology from Crownhead and Proadvancer. Gross Profit Second Quarter gross profit decreased 28.81% year-over-year to RMB9.82 million (US$1.44 million), from RMB13.79 million in the second quarter of 2008. Consolidated gross margin for the Second Quarter was 44.21% compared with 57.08% in the second quarter of 2008. Operating Expenses Research and development expenses for the Second Quarter decreased 58.81% year-over-year to RMB92,179 (US$13,496) compared with RMB223,792 in the second quarter of 2008. The year-over-year decrease was a result of cost reallocation to cost of revenue and to intangibles to be capitalised in future. General and administrative expenses for the Second Quarter increased 22.35% year-over-year to RMB10.03 million (US$1.47 million), or 45.18% of total revenues, compared with RMB8.20 million, or 33.94% of total revenue in the second quarter of 2008 and RMB7.88 million, or 56.97% of total revenue in the First Quarter. The increase in general and administrative expenses as a percentage of revenues was primarily due to the RMB2.7 million bad debt provision from Wangku, our increased investment in the business expansion of bFuture. Selling and distribution expenses for the Second Quarter increased 120.91% year-over-year to RMB9.44 million (US$1.38 million), or 42.53% of total revenues, compared with RMB4.27 million, or 17.69% of total revenue in second quarter 2008 and RMB5.58 million, or 40.33% of total revenue in the First Quarter. The significant increase was due to our continued investment in building our regional sales/marketing teams to enhance our presence in tier 2 and 3 cities. Operating Income/Loss Operating loss in the Second Quarter was RMB9.75 million (US$1.43 million), compared with an operating income of RMB1.09 million in the second quarter of 2008. Net Income/Loss and EBITDA As a result of the foregoing, Second Quarter net loss was RMB11.38 million (US$1.67 million) compared with a net income of RMB0.97 million in the second quarter of 2008. Basic and diluted losses per share in the Second Quarter were both RMB3.39 (US$0.50), compared to basic and diluted net income per share of RMB0.32 in the second quarter of 2008. Adjusted net loss (non-GAAP) for the Second Quarter was RMB6.71 million (US$0.98 million), compared to an adjusted net income of RMB4.52 million in the second quarter of 2008. Second quarter 2009 adjusted non-GAAP diluted loss per share was RMB1.98 (US$0.29). EBITDA (non-GAAP) for the Second Quarter was -RMB4.79 million (-US$0.70 million), compared with RMB4.73 million in the second quarter of 2008. Balance Sheet and Cash Flow In the Second Quarter, net cash loss from operating activities was RMB14.42 million (US$2.11 million), while net cash used in investing activities was RMB7.20 million (US$1.05 million). As of June 30, 2009, cash and cash equivalents decreased 7.82% from March 31, 2009 to RMB39.20 million (US$5.74 million), mainly due to normal seasonal patterns in which cash flow decreases in the first half while peaking in the second half of the fiscal year. Total accounts receivable as of June 30, 2009 decreased 41.38% to RMB12.51million (US$1.83 million) from RMB21.33 million as of March 31, 2009. This decrease was mainly attributable to improvement in collection and Wangku’s increase in write off. Inventories as of June 30, 2009 increased 11.37% quarter-over-quarter to RMB7.65 million (US$1.12 million) due to the increase in work-in process. Restatement of First Quarter 2009 Unaudited Financial Results RMB Unaudited Unaudited Quarter Ended Quarter Ended March 31, 2008 March 31, 2009 Reported Adjusted Reported Restated Profit and Loss (selected) Total Revenue 14,014,472 14,014,472 13,977,378 13,824,292 Total Cost of 9,300,139 9,300,139 8,992,326 9,315,216 Revenue Gross profit 4,714,333 4,714,333 4,985,052 4,509,077 Total Expenses 11,797,143 11,797,143 11,726,713 13,544,747 Income (loss) from operations (7,082,810) (7,082,810) (6,741,662) (9,035,671) Net Income (loss) (9,225,286) (6,340,016) (4,968,403) (7,469,813) Other Comprehensive Income/Loss 0 0 0 0 Net income (loss) per share Basic (3.14) (2.16) (1.96) (2.22) Diluted (3.14) (2.16) (1.96) (2.22) The effects of the restatement on some of the key items of our unaudited results of the First Quarter are as follows: — Total revenue slightly decreased by 1.10% to RMB13.82 million — Total cost of revenue has increased by 3.59% to RMB9.32 million — Gross profit decreased by 9.55% to RMB4.51 million — Total expenses have increased by 15.50% to RMB13.54 million — Income loss has increased by 34.03% to RMB9.04 million — Recognized gains on derivatives of RMB1.30 million — Foreign exchange loss reduced by 93.69% to RMB0.06 million — Net Income loss has increased by 13.07% to RMB7.47 million — Minority shareholder income was restated from RMB1.97 million to RMB0 million — Net loss per common share, basic and diluted was restated from RMB1.96 to RMB2.22 — Non-GAAP adjusted diluted loss per share was RMB0.82 (US$0.12). — Operating cash flow was restated from -RMB15.10 million to -RMB15.30 million The comparison of the restated unaudited results of the First Quarter against similarly calculated financial information for the results of the first quarter of 2008, is as follows : — Total revenues decreased slightly more to 1.36% year-over-year to RMB13.82 million (US$2.02 million). – Revenue from software license sales decreased 34.58% year-over-year to RMB4.95 million (US$0.72 million). – Revenue from hardware sales decreased 0.99% year-over-year to RMB1.40 million (US$0.20 million). – Service fee income was restated from an increase of 51.3% to 48.40% year-over-year to RMB7.48 million (US$1.09 million). — Gross profit decreased 4.35% year-over-year to RMB4.51 million (US$0.66 million). Gross margin decreased to 32.62% from 33.64% in the first quarter of 2008. — Operating loss was RMB9.04 million (US$1.32 million), compared to an operating loss of RMB7.08 million in the first quarter of 2008. — Net loss increased to RMB7.47 million (US$1.09 million), compared to a net loss of RMB6.34 million in the first quarter of 2008. — Diluted net loss per share was RMB2.22 (US$0.33), as compared to net loss per share of RMB2.16 for the first quarter of 2008. — Adjusted net loss (non-GAAP) was RMB2.80 million (US$0.41 million), compared to an adjusted net loss of RMB0.77 million in the first quarter of 2008. Miss Yu Ping, Chief Financial Officer of eFuture, said, ” I am very pleased to report that the accounting adjustment process has been completed with the restatement of first quarter 2009 financial results. The intent is to ensure adequate reserve of social security benefits for our employees and to enhance the accurate recognition of our revenue and cost base that will enable us to better reflect our expanding business and operational performance. We believe we are emerging from this process in a more sound position than when we started and are better positioned to ensure accurate and consistent financial reporting moving forward.” Notes on Restatement of First Quarter Unaudited Financial Results The Company identified several errors in its consolidated financial statements for the First Quarter. As a result, certain amounts in the consolidated financial statements were corrected from the amounts previously reported. The nature of these errors included a net understatement of revenue on certain software maintenance contracts, failure to apply step acquisition accounting, improper timing of recognition for contingent acquisition payments, improper calculation of deferred tax liabilities, understatement of payroll accruals, and improper recording of convertible notes. The convertible notes, issued on March 13, 2007, contained a beneficial conversion feature and a make-whole provision that were originally recorded at their intrinsic values according to EITF 00-27 “Application of Issue No. 98-5 to Certain Convertible Instruments.” The Series A Warrants, Series B Warrants and Placement Agent Warrants issued in connection with these notes were recorded as equity instruments at their grant date fair value. It was subsequently determined that the make-whole provision, beneficial conversion feature, and Series A and B warrants contained provisions that triggered derivative treatment under SFAS 133 “Accounting for Derivatives.” Adjustments were subsequently made to record the make-whole provision, beneficial conversion feature, and optional early redemption right as a bundled derivative liability. The Series A Warrants, Series B Warrants and Placement Agent Warrants were considered separable instruments and recorded as a separate derivative liability. Changes in the fair values of these derivatives are recorded as gains and losses on derivatives in the consolidated statement of operations. Currency Convenience Translation For the convenience of readers, certain RMB amounts in the restatement of the First Quarter financial results have been translated into US dollars at the rate of RMB6.8329 to US$1.00, the noon buying rate for US dollars in effect on March 31, 2009 for cable transfers of RMB per U.S. dollar as certified for customs purposes by the Federal Reserve Bank of New York. And certain RMB amounts in the Second Quarter financial results have been translated into US dollars at the rate of RMB6.8302 to US$1.00, the noon buying rate for US dollars in effect on June 30, 2009 for cable transfers of RMB per U.S. dollar as certified for customs purposes by the Federal Reserve Bank of New York. Third Quarter 2009 Results and Conference Call eFuture expects to release unaudited financial results for the third fiscal quarter of 2009 after the close of U.S. markets on Monday, December 7, 2009. The earnings press release will be available on the investor relations page of its website at http://www.e-future.com.cn/eng/newslist.asp?lm=36&lmname=LM2 . Following the earnings announcement, eFuture’s senior management will host a conference call on Tuesday, December 8, 2009 at 5:00 am (Pacific) / 8:00 am (Eastern) / 9:00 pm (China) to discuss its third quarter 2009 financial results and recent business activity. The conference call may be accessed by calling: United States toll free 1-866-519-4004 China (Landline) 800-819-0121 China (Mobile) 400-620-8038 United Kingdom toll free 0808-234-6646 Hong Kong toll free 800-930-346 Conference ID 43021457 Please dial-in 10 minutes before the call is scheduled to begin. A replay of the conference call may be accessed by phone at the following numbers until 11:00 pm (Eastern), December 15, 2009: United States toll free 1-866-214-5335 China North 10-800-7140386 China South 10-800-1400386 United Kingdom toll free 0800-731-7846 Hong Kong toll free 800-901-596 Conference ID 43021457 Additionally, a live and archived webcast of the conference call will be available on the investor relations section of eFuture’s website at http://www.e-future.com.cn/ENG/newshow.asp?id=513 . Use of Non-GAAP Financial Measures To supplement eFuture’s unaudited consolidated financial results presented in accordance with U.S. GAAP, eFuture uses the following non-GAAP measures defined as non-GAAP financial measures by the SEC: adjusted EBITDA excluding amortization of acquired software technology, amortization of intangibles, share-based compensation expenses, depreciation, adjusted net income excluding amortization of acquired software technology, amortization of intangibles, share-based compensation expenses and accretion on convertible notes, adjusted basic and diluted earnings per share excluding amortization of acquired software technology, amortization of intangibles, share-based compensation expenses and accretion on convertible notes. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP. eFuture believes that these non-GAAP financial measures provide meaningful supplemental information regarding its performance and liquidity by excluding expenses that may not be indicative of its operating performance from a cash perspective or be indicative of its operating performance. eFuture believes that both management and investors benefit from referring to these non-GAAP financial measures in assessing the Company’s performance and when planning and forecasting future periods. These non-GAAP financial measures also facilitate management’s internal comparisons to eFuture’s historical performance and liquidity. eFuture computes its non-GAAP financial measures using the same consistent method from quarter to quarter. The Company believes these non-GAAP financial measures are useful to investors in allowing for greater transparency with respect to supplemental information used by management in its financial and operational decision-making. The accompanying paragraphs have more details on the reconciliations between GAAP financial measures that are most directly comparable to non-GAAP financial measures. eFuture’s management also believes that EBITDA, defined as earnings before interest, income tax expense, depreciation and amortization is a useful financial metric to assess its operating and financial performance before the impact of investing and financing transactions and income taxes. In addition, eFuture’s management believes that EBITDA is widely used by other companies in the software industry and may be used by investors as a measure of its financial performance. Given the significant investments that eFuture has made in property, equipment, depreciation and amortization expense comprises a meaningful portion of the Company’s cost structure. eFuture’s management believes that EBITDA will provide investors with a useful tool for comparability between periods because it eliminates depreciation and amortization expense attributable to capital expenditures. The presentation of EBITDA should not be construed as an indication that the Company’s future results will be unaffected by other charges and gains eFuture considers to be outside the ordinary course of its business. The use of EBITDA and adjusted EBITDA has certain limitations. Depreciation and amortization expense for various long-term assets, income tax expense, interest expense and interest income have been and will be incurred and are not reflected in the presentation of EBITDA. Further, share-based compensation expenses have been and will be incurred and are not reflected in the presentation of adjusted EBITDA. Each of these items should also be considered in the overall evaluation of eFuture’s financial results. The term EBITDA or adjusted EBITDA is not defined under U.S. GAAP, and EBITDA or adjusted EBITDA is not a measure of net income, operating income, operating performance or liquidity presented in accordance with U.S. GAAP. When assessing eFuture’s operating and financial performance, you should not consider this data in isolation or as a substitute for its net income, operating income or any other operating performance measure that is calculated in accordance with U.S. GAAP. In addition, the Company’s EBITDA and adjusted EBITDA may not be comparable to EBITDA or similarly titled measures utilized by other companies since such other companies may not calculate EBITDA in the same manner as eFuture does. Statement Regarding Unaudited Financial Information The unaudited financial information set forth above is subject to adjustments that may be identified when audit work is performed on the Company’s year-end financial statements, which could result in significant differences from this unaudited financial information. About eFuture Information Technology Inc. eFuture Information Technology Inc. (NASDAQ: EFUT – News ) is a leading provider of software and services in China’s rapidly growing retail and consumer goods industries. eFuture provides integrated software and services to manufacturers, distributors, wholesalers, logistics companies and retailers in China’s front-end supply chain (from factory to consumer) market, especially in the retail and fast moving consumer goods industries. eFuture currently serves over 15 Fortune 500 companies, over 1,000 retailers and over 5,000 suppliers operating in China. eFuture is one of IBM’s premier business partners in Asia Pacific and is a strategic partner with Oracle, Microsoft, JDA, Motorola and Samsung Network China. eFuture has more than 600 employees and 20 branch offices across China. For more information about eFuture, please visit http://www.e-future.com.cn/ . Safe Harbor This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, 2009 financial outlook and quotations from management in this announcement, as well as strategic and operational plans, contain forward-looking statements. eFuture may also make written or oral forward-looking statements in periodic reports to the Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to second parties. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: eFuture’s anticipated growth strategies; eFuture’s future business development, results of operations and financial condition; expected changes in the Company’s revenues and certain cost or expense items; eFuture’s ability to attract customers and leverage its brand; trends and competition in the software industry; the Company’s ability to control expenses and maintain profit margins; the Company’s ability to hire, train and retain qualified managerial and other employees; the Company’s ability to develop new software and pilot new business models at desirable locations in a timely and cost-effective manner; the performance of third parties under contracts with the Company; the expected growth of the Chinese economy software market in retail and consumer goods industries; and Chinese governmental policies relating to private managers and operators of software and applicable tax rates. Further information regarding these and other risks is included in eFuture’s annual report on Form 20-F and other documents filed with the SEC. All information provided in this press release and in the attachments is as of November 19, 2009, and the Company undertakes no duty to update such information or any other forward-looking information, except as required under applicable law. For more information, please contact: Investor Contact: Troe Wen, Company Secretary eFuture Information Technology Inc. Tel: +86-10-5293-7699 Email: ir@e-future.com.cn Investor Relations (US): Mahmoud Siddig Taylor Rafferty Tel: +1-212-889-4350 Email: eFuture@Taylor-Rafferty.com Investor Relations (HK): Ruby Yim Taylor Rafferty Tel: +852-3196-3712 Email: eFuture@Taylor-Rafferty.com Media Contact: Jason Marshall Taylor Rafferty Tel: +1-212-889-4350 Email: eFuture@Taylor-Rafferty.com EFUTURE INFORMATION TECHNOLOGY INC. AND SUBSIDIARY CONDENSED CONSOLIDATED BALANCE SHEETS March March March March 31, 2009 31, 2009 31, 2008 31, 2008 (Reported) (Restated) (Reported) (Restated) ASSETS Current assets Cash and cash RMB RMB RMB RMB equivalents 42,460,982 42,524,982 59,283,677 59,283,677 Trade receivables, less allowance for doubtful accounts 23,184,359 21,333,449 13,845,503 13,845,503 Refundable value added tax 1,677,975 1,578,129 2,351,243 2,351,243 Deposits — – 209,660 209,660 Advances to employees 3,957,154 4,778,897 2,815,950 2,815,950 Advances to suppliers 1,186,250 1,395,298 657,724 657,724 Notes receivable – related party — – — – Other receivables 1,396,544 3,673,343 5,681,883 5,681,883 Prepaid expenses 993,138 455,515 880,875 880,875 Inventory 14,093,665 6,869,625 13,771,667 13,771,667 Total current assets 88,950,066 82,609,237 99,498,181 99,498,181 Non-current assets Long-term investments 654,192 654,192 4,901,912 4,901,912 Long term deferred expense — 285,000 — – Deferred loan costs 673,888 1,097,696 4,539,826 7,252,043 Deferred assets 6,552,316 — 171,583 171,583 Property and equipment, net of accumulated depreciation 3,155,857 3,509,836 1,969,249 1,969,249 Intangible assets, net of accumulated amortization 57,915,045 48,988,255 42,288,011 42,288,011 Goodwill 69,595,844 91,284,735 46,814,929 46,814,929 Total non-current assets 138,547,142 145,819,714 100,685,509 103,397,726 Total assets RMB RMB RMB RMB 227,497,208 228,428,951 200,183,690 202,895,907 LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities Trade accounts payable RMB RMB RMB RMB 4,667,102 2,290,929 4,052,516 4,052,516 Other payable 3,454,587 12,784,897 2,209,216 2,209,216 Accrued expenses 3,893,034 4,708,929 3,566,471 3,566,471 Accrued interest — (27,332) 76,619 69,872 Taxes payable 6,000,035 5,782,023 5,101,258 5,101,258 Deferred Revenues 7,228,517 — – — Deferred Tax 4,698,487 — 4,826,454 4,826,454 Advances from customers 23,014,933 26,400,130 15,564,504 15,564,504 Royalstone acquisition obligation, current portion 6,415,374 6,426,752 15,860,198 15,860,198 Health Field acquisition obligation 552,855 553,908 3,175,318 3,175,318 Proadvancer System acquisition obligation 14,555,799 30,004,186 — – BFuture acquisition obligation — 392,877 — – Make-whole obligation, current portion — – 707,312 — Convertible note payable, current portion 322,397 — 2,785,890 — Deferred tax, current portion — 1,164,898 — – Total current liabilities 74,803,120 90,482,197 57,925,757 54,425,808 Long-term liabilities Royalstone acquisition obligation, net of current portion — – 6,093,683 6,093,683 Make-whole obligation, net of current portion 719,094 — 9,290,082 — 3% – 10% convertible note payable, net of unamortized discount 674,517 31,073 6,770,666 135,076 Derivative liabilities — 3,828,952 — (3,776,075) Deferred tax — 5,458,232 — – Minority shareholder interests 1,972,733 — (375,070) (375,070) Total long-term liabilities 3,366,345 9,318,257 21,779,360 2,077,613 Shareholders’ equity Ordinary shares, $0.0756 U.S. dollars par value; 6,613,756 shares authorized;3,362,241 shares outstanding 2,038,631 2,039,196 1,839,898 1,839,898 Additional paid-in capital 224,849,534 173,819,877 169,131,602 197,548,234 Statutory reserves 3,084,020 3,084,020 3,084,020 3,084,020 Accumulated deficit (80,644,442) (50,314,596) (53,576,948) (56,079,667) Total shareholders’ equity 149,327,743 128,628,497 120,478,573 146,392,486 Total liabilities and RMB RMB RMB RMB shareholders’ equity 227,497,208 228,428,951 200,183,690 202,895,907 EFUTURE INFORMATION TECHNOLOGY INC. AND SUBSIDIARY CONDENSED CONSOLIDATED INCOME STATEMENTS March March 31, March March 31, 31, 2009 2009 31, 2008 2008 (Reported) (Restated) (Reported) (Restated) Revenues Software sales RMB RMB RMB RMB 4,956,292 4,949,335 7,565,110 7,565,110 Hardware sales 1,395,170 1,395,170 1,409,113 1,409,113 Service fee income 7,625,916 7,479,788 5,040,249 5,040,249 Total Revenues 13,977,378 13,824,292 14,014,472 14,014,472 Cost of Revenue Cost of software 1,298,681 1,092,129 1,845,125 1,845,125 Cost of hardware 1,367,984 1,370,114 1,204,786 1,204,786 Cost of service fee income 2,311,579 2,952,121 1,493,129 1,493,129 Amortization of acquired technology 3,110,375 2,996,500 3,860,243 3,860,243 Amortization of software costs 903,707 904,352 896,856 896,856 Total Cost of Revenue 8,992,326 9,315,216 9,300,139 9,300,139 Gross Profit 4,985,052 4,509,077 4,714,333 4,714,333 Operating Expenses Research and development 242,261 93,566 167,288 167,288 General and administrative 5,742,794 7,876,101 7,870,673 7,870,673 Selling and distribution expenses 5,741,659 5,575,080 3,759,182 3,759,182 Total Operating Expenses 11,726,713 13,544,747 11,797,143 11,797,143 Profit from operations (6,741,662) (9,035,671) (7,082,810) (7,082,810) Interest income 180,273 180,273 112,611 112,611 Interest expense (110,484) (145,097) (314,520) (307,773) Interest expense- amortization of discount on notes payable (199,648) (6,648) (488,504) (29,348) Interest expense- amortization of deferred loan costs (55,387) (86,062) (242,378) (403,212) Income on investments — – (558,389) (558,389) Gain on derivative liabilities — 1,290,861 — 3,776,075 Loss on extinguishment of convertible notes — – — – Foreign currency exchange gain/(loss) (883,409) (55,769) (805,787) (2,001,661) Outside business receives 6,320 — – — Outside business disburses — – — – Loss before taxation (7,803,997) (7,858,113) (9,379,777) (6,494,507) Income tax — 388,299 — – Minority interest in loss of consolidated subsidiary 1,197,422 — 154,491 154,491 Net loss RMB RMB RMB RMB (6,606,575) (7,469,813) (9,225,286) (6,340,016) EFUTURE INFORMATION TECHNOLOGY INC. AND SUBSIDIARY CONDENSED CONSOLIDATED BALANCE SHEETS June June June 30, 2009 30, 2008 30, 2008 (Reported) (Reported) (Restated) ASSETS Current assets Cash and cash equivalents RMB RMB RMB 39,198,012 58,822,685 58,822,685 Trade receivables, less allowance for doubtful accounts 12,506,545 22,261,041 22,261,041 Refundable value added tax 2,242,320 2,564,891 2,564,891 Deposits — 209,660 209,660 Advances to employees 4,114,868 4,288,058 4,288,058 Advances to suppliers 1,082,244 817,830 817,830 Notes receivable – related party — – — Other receivables 3,896,064 4,034,326 4,034,326 Prepaid expenses 2,147,132 1,098,565 1,098,565 Inventory 7,650,692 18,729,440 18,729,440 Total current assets 72,837,877 112,826,496 112,826,496 Non-current assets Long-term investments 654,192 767,119 767,119 Long term deferred expense 817,382 — – Deferred loan costs 1,011,697 4,261,251 1,367,605 Deferred assets — 171,083 171,083 Property and equipment, net of accumulated depreciation 4,028,150 3,847,802 3,847,802 Intangible assets, net of accumulated amortization 48,052,877 43,540,399 43,540,399 Goodwill 91,284,735 46,357,407 46,357,407 Total non-current assets 145,849,033 98,945,061 96,051,415 Total assets RMB RMB RMB 218,686,910 211,771,556 208,877,910 LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities Trade accounts payable RMB RMB RMB 2,601,091 4,433,913 4,433,913 Other payable 13,724,591 8,833,770 8,833,770 Accrued expenses 5,520,983 3,348,548 3,348,548 Accrued interest (27,321) 74,874 68,145 Taxes payable 5,965,735 4,817,410 4,817,410 Deferred Revenues — 3,206,685 3,206,685 Deferred Tax — 4,716,502 4,716,502 Advances from customers 23,617,532 20,819,237 20,819,237 Royalstone acquisition obligation, current portion 6,424,213 15,360,066 15,360,066 Health Field acquisition obligation 553,689 3,102,981 3,102,981 Proadvancer System acquisition obligation 29,992,330 — – BFuture acquisition obligation 392,877 — – Make-whole obligation, current portion — 479,561 — Convertible note payable, current portion — 2,890,708 — Deferred tax, current portion 776,599 — – Total current liabilities 89,542,319 72,084,256 68,707,259 Long-term liabilities Royalstone acquisition obligation, net of current portion — 6,093,683 6,093,683 Make-whole obligation, net of current portion — 9,290,082 — 3% – 10% convertible note payable, net of unamortized discount 31,238 6,770,666 27,134 Derivative liabilities 5,502,956 — (7,552,150) Deferred tax 5,458,232 — – Minority shareholder interests 359,045 (3,496,172) (3,496,172) Total long-term liabilities 11,351,471 18,658,259 (4,927,505) Shareholders’ equity Ordinary shares, $0.0756 U.S. dollars par value; 6,613,756 shares authorized;3,362,241 shares outstanding 2,039,196 1,849,061 1,849,061 Additional paid-in capital 174,572,189 170,675,900 199,092,532 Statutory reserves 3,084,020 3,084,020 3,084,020 Accumulated deficit (61,902,285) (54,579,940) (58,927,456) Total shareholders’ equity 117,793,120 121,029,041 145,098,157 Total liabilities and shareholders’ equity RMB RMB RMB 218,686,910 211,771,556 208,877,910 EFUTURE INFORMATION TECHNOLOGY INC. AND SUBSIDIARY CONDENSED CONSOLIDATED INCOME STATEMENTS June 30, June 30, 2009 2008 June 30, 2008 (Reported) (Reported) (Restated) Revenues Software sales RMB RMB RMB 10,611,112 8,711,537 8,711,537 Hardware sales — 2,915,871 2,915,871 Service fee income 11,594,726 12,533,027 12,533,027 Total Revenues 22,205,838 24,160,436 24,160,436 Cost of Revenue Cost of software 3,526,283 2,039,796 2,039,796 Cost of hardware — 2,549,247 2,549,247 Cost of service fee income 4,937,353 2,983,426 2,983,426 Amortization of acquired technology 3,018,653 1,904,687 1,904,687 Amortization of software costs 905,642 891,606 891,606 Total Cost of Revenue 12,387,931 10,368,762 10,368,762 Gross Profit 9,817,907 13,791,673 13,791,673 Operating Expenses Research and development 92,179 223,792 223,792 General and administrative 10,032,444 8,061,899 8,199,499 Selling and distribution expenses 9,443,587 4,274,793 4,274,793 Total Operating Expenses 19,568,210 12,560,484 12,698,084 Profit from operations (9,750,303) 1,231,189 1,093,589 Interest income 162,491 873,560 873,560 Interest expense (174,914) (504,649) (504,668) Interest expense- amortization of discount on notes payable (204) (857,519) (598) Interest expense- amortization of deferred loan costs (87,176) (278,575) (408,432) Income on investments — 47,802 47,802 Gain on derivative liabilities (1,673,706) — 3,776,075 Loss on extinguishment of convertible notes — – (22,529,228) Foreign currency exchange gain/(loss) 12,059 711,914 16,893,223 Outside business receives — 23,400 — Outside business disburses — (161,000) — Loss before taxation (11,511,752) 1,086,122 (758,676) Income tax 283,108 (140,695) (140,695) Minority interest in loss of consolidated subsidiary (154,631) 1,868,735 1,868,735 Net loss RMB RMB RMB (11,383,275) 2,814,162 969,364 EFUTURE INFORMATION TECHNOLOGY INC. AND SUBSIDIARY NON-GAAP MEASURES OF PERFORMANCE March 31,2009 June 30,2009 RMB RMB US$ (Unaudited) (Unaudited) (Unaudited) NON-GAAP OPERATING INCOME (LOSS) AND ADJUSTED EBITDA Operating income (loss) (GAAP Basis) (9,035,671) (9,750,303) (1,426,964) Adjustments for non-GAAP measures of performance: Add back amortization of acquired software technology 2,996,500 3,018,653 441,782 Add back amortization of intangibles 904,352 905,642 132,541 Add back share-based compensation expenses 765,226 752,311 110,101 Adjusted non-GAAP operating income (4,369,593) (5,073,697) (742,540) Add back depreciation 145,241 286,790 41,972 Adjusted EBITDA (Earnings before interest, taxes, depreciation and amortization) (4,224,353) (4,786,907) (700,567) NON-GAAP OPERATING INCOME (LOSS) AND ADJUSTED EBITDA, as a percentage of revenue Operating income (loss) (GAAP BASIS) -65% -44% -44% Adjustments for non-GAAP measures of performance: Amortization of acquired software technology 22% 14% 14% Amortization of intangibles 7% 4% 4% Share-based compensation expenses 6% 3% 3% Adjusted non-GAAP operating income -32% -23% -23% Depreciation 1.1% 1.3% 1.3% Adjusted EBITDA (Earnings before interest, taxes, depreciation and amortization) -31% -22% -22% NON-GAAP EARNINGS PER SHARE Net Income(Loss) (7,469,813) (11,383,275) (1,665,951) Amortization of acquired software technology 2,996,500 3,018,653 441,782 Amortization of intangibles 904,352 905,642 132,541 Accretion on convertible notes 6,648 204 30 Share-based compensation expenses 765,226 752,311 110,101 Adjusted Net income (2,797,088) (6,706,465) (981,497) Adjusted non-GAAP diluted earnings per share (0.82) (1.98) (0.29) Shares used to compute non-GAAP diluted earnings per share 3,394,099 3,384,625 3,384,625 EFUTURE INFORMATION TECHNOLOGY INC. AND SUBSIDIARY CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS Chinese Yuan (Renminbi) U.S. Dollars December 31, June 30, June 30, 2008 2009 2009 (Unaudited) (Unaudited) (Unaudited) Cash flows from operating activities: Net income (loss) (4,478,112) (18,853,088) (2,760,254) Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: Depreciation 891,183 432,031 63,253 Amortization of intangible assets 16,940,774 7,802,991 1,142,425 Impairment of intangible assets 2,143,290 — – Amortization of discount on notes payable 33,212 6,852 1,003 Amortization of deferred loan costs 978,204 173,237 25,363 Gain on derivatives (33,122,465) 382,845 56,052 Loss on extinguishment of convertible notes 22,529,233 — – Investment (income)/loss 3,552,902 — – Loss on disposition of property and equipment 385,995 — – Provision for doubtful debt 2,340,706 (601,051) (87,999) Provision for loss in inventory and work in process 1,449,542 — – Compensation expense for options issued to employees 3,109,903 1,517,537 222,181 Deferred taxes 481,774 (776,598) (113,701) Foreign exchange loss (2,222,996) — – Minority interest 204,414 154,631 22,639 Change in assets and liabilities: Accounts receivable (2,526,441) 7,562,535 1,107,220 Refundable value added tax 935,333 513,382 75,163 Deposits 156,695 — – Advances to employees 370,994 (1,138,969) (166,755) Advances to suppliers 991,888 (883,492) (129,351) Other receivables 136,565 (4,798,228) (702,502) Prepaid expenses 305,014 (1,497,998) (219,320) Inventories 1,421,159 (4,725,723) (691,886) Trade payables 1,230,861 (3,086,149) (451,839) Other payables 7,269,063 6,781,730 992,904 Accrued expenses 2,360,449 (1,351,672) (197,896) Accrued interest (278,420) (27,321) (4,000) Taxes payable (1,084,826) (2,781,130) (407,181) Advances from customers 4,542,952 778,002 113,906 Net cash provided by operating activities 31,048,845 (14,415,643) (2,110,574) Cash flows from investing activities: Purchases of property and equipment (1,618,331) (861,635) (126,151) Payments for intangible assets (2,930,247) (6,338,725) (928,044) Long-term investments — – — Acquisition of business (28,278,247) — – Loan to Guarantor — – — Amounts due from a related party — – — Net cash used in investing activities (32,826,825) (7,200,360) (1,054,195) Cash flows from financing activities: Issuance of ordinary shares for cash, net of offering costs paid — – — Proceeds from exercise of warrants 3,657,908 — – Issuance of convertible notes — – — Payment of make-whole obligation (8,054,079) — – Repayment of short-term loans — – — Net cash provided by (used in) financing activities (4,396,171) — – Effect of exchange rate changes on cash (265,463) 26,281 3,848 Net increase (decrease) in cash (6,439,614) (21,589,722) (3,160,921) Cash and cash equivalents at beginning of period 67,227,348 60,787,734 8,899,847 Cash and cash equivalents at end of period 60,787,734 39,198,012 5,738,926 Supplemental cash flow information Interest paid 1,525,200 210,130.87 30,765.00 View original post here: eFuture Announces Second Quarter 2009 Unaudited Financial Results and First Quarter 2009 Unaudited Restated Financial Results (PR Newswire)

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eFuture Announces Second Quarter 2009 Unaudited Financial Results and First Quarter 2009 Unaudited Restated Financial Results (PR Newswire)

SHENZHEN, China, Nov. 19 /PRNewswire-FirstCall/ – Hard to Treat Diseases (HTDS; http://www.htdsmedical.com ) and its China subsidiary Mellow Hope announce, that the first shipment of H1N1 Influenza A Vaccine for Chilean market had been agreed upon with the Chilean government. Mellow Hope already applied for the export license and the vaccine will ship shortly. Earlier this week the Chilean Institute of Public Health (ISP; http://www.ispch.cl ) issued the Registration Certificate for Mellow Hope’s H1N1 Influenza A Vaccine (Virion Split) The government tenders the bid in the scope of 4 to 6 million doses and had already secured the first order of 200,000 doses. This vaccine, worth approximately $1.8 million USD, will ship to the Chilean private market HTDS’ CEO Terry Yuan said “The Government of Chile showed a great agility in the fight against the H1N1. The Government does everything in its power to assure the safety of Chilean citizens and the vaccine negotiations had been exemplary ones.” Mr. Yuan said further “Yes, the first 200,000 doses had been scheduled, but the final number tendered by the government is somewhere between 4 to 6 million doses. The final figures still need be worked out with the Chilean health authorities, but this is a tremendous start to our South American Expansion and we are looking forward to work with other governments in this region.” Hard to Treat Diseases (HTDS) operates two medical subsidiaries in Europe and Mainland China. HTDS is a parent company with operations in East European Serbia based pharmaceutical company Slavica Bio Chem Co and in China Mellow Hope Inc. To receive future updates via email, including quarterly newsletters and company updates that may not be newsworthy, however important to the reader and followers of the company, please sign up today free at www.minamargroup.com/updates . Safe Harbor Statement Information in this news release may contain statements about future expectations, plans, prospects or performance of Hard to Treat Diseases Inc. that constitute forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases “can be”, “expects”, “may affect”, “believed”, “estimate”, “project” and similar words and phrases are intended to identify such forward-looking statements. Hard to Treat Diseases Inc. cautions you that any forward-looking information provided by or on behalf of Hard to Treat Diseases Inc. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. Hard to Treat Diseases Inc.’s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond Hard to Treat Diseases Inc.’s control. In addition to those discussed in Hard to Treat Diseases Inc.’s press releases, public filings, and statements by Hard to Treat Diseases Inc.’s management, including, but not limited to, Hard to Treat Diseases Inc.’s estimate of the sufficiency of its existing capital resources, Hard to Treat Diseases Inc.’s ability to raise additional capital to fund future operations, Hard to Treat Diseases Inc.’s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match Hard to Treat Diseases Inc.’s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. Hard to Treat Diseases Inc. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events. CONTACT: For any investor relations matters, please contact www.minamargroup.net/helpdesk ; Investor Relations Department Inquiry, www.minamargroup.net (IR); For (M&A) and Corporate Matters, www.minamargroup.com Go here to see the original: Hard To Treat Diseases (HTDS) Chilean first order of 200,000 doses – worth approximately $1.8 million USD (PR Newswire)

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NATICK, Mass.–(BUSINESS WIRE)– BJ’s Wholesale Club, Inc. (NYSE: BJ – News ) today reported net income of $17.7 million, or $0.32 per diluted share, for the third quarter of 2009. These results included a charge of $11.7 million pre-tax ($6.9 million post-tax), or $0.13 per diluted share, to establish a reserve in connection with the proposed settlement of a legal claim. The settlement, which is subject to court approval, resolves wage and hour job classification claims. For the third quarter of 2008, the Company reported net income of $28.2 million, or $0.48 per diluted share. These results included post-tax expense of $0.5 million, or $0.01 per diluted share, related to the closing of the Company’s Greenville, South Carolina, club. Results for the third quarter of 2008 also reflected a number of unplanned income and expense items which resulted in a net benefit of approximately $0.10 per diluted share. These items included gasoline income which exceeded plan by approximately $0.17 per share, due primarily to unprecedented market conditions which resulted in unusually strong gasoline sales and profits. Unplanned expenses related to severance costs and an adjustment to the Company’s reserve for state sales tax audits were worth approximately $0.04 per share in total. In addition, expenses for higher than planned bonus accruals, triggered by earnings that were above plan, were worth approximately $0.03 per diluted share. For the first nine months of 2009, net income was $77.1 million, or $1.41 per diluted share. These results included the third quarter charge, as mentioned above. For the first nine months of 2008, the Company reported net income of $81.9 million, or $1.38 per diluted share. Results for the first nine months of 2008 included the club closing expense and unusual income and expense items from the third quarter, as mentioned above, and income of $0.03 per share related to state income tax audit settlements recorded during the second quarter. Net sales for the third quarter ended October 31, 2009, increased by 2.0% to $2.45 billion from $2.40 billion. For the first nine months of fiscal 2009, net sales decreased by 1.2% to $7.22 billion from $7.30 billion. Comparable club sales for the third quarter and nine-month period were as follows:     Three Months Ended October 31, 2009       Nine Months Ended October 31, 2009 Merchandise comparable club sales 3.9 % 4.7 % Impact of gasoline sales (6.4 %) (8.8 %) Comparable club sales (2.5 %) (4.1 %) BJ’s introduced the wholesale club concept to New England in 1984, and has since expanded to become a leading warehouse chain in the eastern United States. As of the end of the third quarter of 2009, the Company operated 184 clubs in 15 states. BJ’s press releases and filings with the SEC are available on the Internet at www.bjs.com . C onference Calls on Third Quarter and Fiscal Year-End Financial Results As previously announced, BJ’s management will hold a conference call to discuss the third quarter financial results and management’s outlook for the rest of the year today at 8:30 a.m. Eastern Time. To access the webcast (including financial and other statistical information being presented, as well as reconciliation information with respect to non-GAAP financial measures), visit www.bjsinvestor.com/events.cfm . An archive of the webcast will be available for approximately 90 days following the call. On Wednesday, March 3, 2010, BJ’s management plans to report the Company’s results for the fourth quarter and fiscal year ending on January 30, 2010. Additional Information Supplemental financial information, including detailed sales information for the third quarter and earnings guidance for the fourth quarter and full year, 2009, which historically has been provided during the Company’s third quarter earnings conference call, is available on the Form 8-K, submitted by the Company today to the SEC. To access this information, visit www.bjsinvestor.com/sec.cfm . -See Financial Tables-   BJ’s Wholesale Club, Inc. and Consolidated Subsidiaries                   STATEMENTS OF INCOME (Unaudited) (Dollars in Thousands Except Per Share Amounts)   Thirteen Weeks Ended Thirty-Nine Weeks Ended   October 31, November 1, October 31, November 1, 2009 2008 2009 2008     Net sales $ 2,450,435 $ 2,402,644 $ 7,216,043 $ 7,300,152 Membership fees 45,949 44,513 135,591 132,875 Other revenues 12,674 11,784 37,529 36,350 Total revenues 2,509,058 2,458,941 7,389,163 7,469,377 Cost of sales, including buying and occupancy costs 2,245,068 2,202,440 6,598,473 6,735,831 Selling, general and administrative expenses 231,608 207,472 652,415 596,795 Preopening expenses 1,954 1,016 7,316 1,677 Operating income 30,428 48,013 130,959 135,074 Interest income (expense), net (125) 188 (376) 793 Income from continuing operations before income taxes 30,303 48,201 130,583 135,867 Provision for income taxes 12,529 19,181 53,214 52,854 Income from continuing operations 17,774 29,020 77,369 83,013 Loss from discontinued operations, net of income taxes (104) (776) (298) (1,089) Net income $ 17,670 $ 28,244 $ 77,071 $ 81,924   Basic earnings per common share: Income from continuing operations $ 0.33 $ 0.50 $ 1.44 $ 1.42 Loss from discontinued operations – (0.01) – (0.02) Net income $ 0.33 $ 0.49 $ 1.44 $ 1.40   Diluted earnings per common share: Income from continuing operations $ 0.32 $ 0.49 $ 1.42 $ 1.40 Loss from discontinued operations – (0.01) (0.01) (0.02) Net income $ 0.32 $ 0.48 $ 1.41 $ 1.38     Number of common shares for earnings per share computations: Basic 53,756,055 57,786,650 53,645,880 58,441,759 Diluted 54,794,276 58,749,554 54,633,062 59,417,655       BJ’s clubs in operation – end of period 184 177             BJ’s Wholesale Club, Inc. and Consolidated Subsidiaries   CONDENSED BALANCE SHEETS (Unaudited) (Dollars in Thousands)   October 31, November 1, 2009 2008   ASSETS Current assets: Cash and cash equivalents $ 55,066 $ 52,831 Accounts receivable 125,644 102,145 Merchandise inventories 971,868 977,995 Current deferred income taxes 12,820 29,211 Prepaid expenses 43,378 29,749 Total current assets 1,208,776 1,191,931 Property, net of depreciation 949,889 880,886 Deferred income taxes 5,511 3,894 Other assets 26,574 22,676 TOTAL ASSETS $ 2,190,750 $ 2,099,387     LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Current installments of long-term debt $ 597 $ 557 Accounts payable 713,388 666,835 Closed store lease obligations 1,727 2,639 Accrued expenses and other current liabilities 318,795 307,442 Total current liabilities 1,034,507 977,473 Long-term debt, less portion due within one year 696 1,293 Noncurrent closed store lease obligations 8,575 9,206 Other noncurrent liabilities 112,103 115,710 Stockholders’ equity 1,034,869 995,705 TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 2,190,750 $ 2,099,387             BJ’s Wholesale Club, Inc. and Consolidated Subsidiaries   CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) (Dollars in Thousands)   Thirty-Nine Weeks Ended   October 31, November 1, 2009 2008     CASH FLOWS FROM OPERATING ACTIVITIES Net income $ 77,071 $ 81,924 Provision for club closing costs 274 1,101 Depreciation and amortization 83,264 80,193 Share-based compensation expense 16,201 14,423 Deferred income taxes 3,638 (2,444) (Increase) decrease in merchandise inventories, net of accounts payable 12,618 (51,379) Decrease in closed store lease obligations (1,220) (1,657) Other 781 2,033 Net cash provided by operating activities 192,627 124,194   CASH FLOWS FROM INVESTING ACTIVITIES Property additions (131,181) (90,714) Property disposals – 8,605 Purchase of marketable securities (436) (245) Sale of marketable securities 31 349 Net cash used in investing activities (131,586) (82,005)   CASH FLOWS FROM FINANCING ACTIVITIES Excess tax benefit from exercise of stock options 1,036 3,276 Purchase of treasury stock (70,391) (113,190) Proceeds from issuance of common stock 12,645 23,636 Repayment of long-term debt (422) (394) Net cash used in financing activities (57,132) (86,672)   Net increase (decrease) in cash and cash equivalents $ 3,909 $ (44,483) Visit link: BJ’s Wholesale Club Reports Third Quarter Results (Business Wire)

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SAN FRANCISCO, Nov. 17 /PRNewswire-FirstCall/ – Salesforce.com (NYSE: CRM – News ), the enterprise cloud computing company, today announced results for its fiscal third quarter ended October 31, 2009. (Logo: http://www.newscom.com/cgi-bin/prnh/20050216/SFW105LOGO ) “We are pleased to report record revenue, profit, and customer additions in Q3,” said Marc Benioff, chairman and CEO, salesforce.com. “This gives us fantastic momentum as we head into Dreamforce, where we will announce our biggest product news of the year.” Salesforce.com delivered the following results for its third quarter, fiscal year 2010: Revenue : Total Q3 revenue was $330.5 million, an increase of 20% on a year-over-year basis. Subscription and support revenues were $306.9 million, an increase of 21% on a year-over-year basis. Professional services and other revenues were $23.7 million, an increase of 3% on a year-over-year basis. Earnings per Share: Q3 GAAP diluted earnings per share were approximately $0.16, including approximately $20.4 million in stock-based compensation expense and approximately $2.6 million in amortization of purchased intangibles related to previously announced acquisitions. For purposes of the Q3 GAAP EPS calculation, there was an average of approximately 129 million diluted shares outstanding during the quarter. Customers : Net paying customers rose approximately 4,700 during the quarter to finish at approximately 67,900. Compared with the year ago quarter, net paying customers have grown by approximately 16,100 or 31%. Cash : Cash generated from operations for the fiscal third quarter was approximately $36 million, up approximately 107% year-over-year. Total cash, cash equivalents and marketable securities finished the quarter at approximately $1.07 billion, an increase of approximately $265 million from the year prior . Deferred Revenue : Deferred revenue on the balance sheet as of October 31, 2009 was $545 million, an increase of 16% on a year-over-year basis. As of November 17, 2009, salesforce.com is initiating guidance for its fourth quarter, fiscal year 2010. For its full fiscal year 2010, the company is raising its prior revenue and EPS guidance. In addition, the company is initiating revenue guidance for its full fiscal year 2011. Q4 FY10 : Revenue for the company’s fourth fiscal quarter is projected to be in the range of approximately $340 million to approximately $342 million. GAAP diluted EPS is expected to be in the range of approximately $0.14 to approximately $0.15. Stock-based compensation expense is expected to be approximately $26 million, and amortization of purchased intangibles of previously announced acquisitions is expected to be approximately $2.6 million. For purposes of the Q4 GAAP EPS calculation, the company is expecting an average diluted share count of approximately 132 million shares, a GAAP tax rate of approximately 40% and a noncontrolling interest charge of approximately $1.5 million. Full Year FY10: The company today is raising the full year revenue guidance it provided on August 20, 2009 with revenue now expected to be approximately $1.292 billion to approximately $1.294 billion. The company is also raising its earnings outlook for the full year, expecting GAAP diluted EPS to be in the range of approximately $0.62 to approximately $0.63. Stock-based compensation expense is expected to be approximately $89 million, and amortization of purchased intangibles of previously announced acquisitions is expected to be approximately $9.9 million. For purposes of the full fiscal year 2010 GAAP EPS calculation, the company is expecting an average diluted share count of approximately 127 million shares, a GAAP tax rate of approximately 42%, and a noncontrolling interest charge of approximately $3.5 million. Full Year FY11: The company is initiating revenue guidance for its full fiscal year 2011 with projected revenue growth in the range of approximately 15% to 16% when compared to projected fiscal year 2010. The company expects to update this guidance, as well as provide its expectations for FY11 GAAP EPS when it announces its fourth quarter, fiscal year 2010 results planned for February, 2010. Quarterly Conference Call Salesforce.com will host a conference call to discuss its third quarter fiscal 2010 results at 2:00 p.m. Pacific Standard Time today. A live audio webcast of the conference call, together with detailed financial information, can be accessed through the company’s Investor Relations Web site at http://www.salesforce.com/investor . In addition, an archive of the webcast can be accessed through the same link. Participants who choose to call in to the conference call can do so by dialing domestically 866-901-SFDC or 866-901-7332 and internationally at 706-902-1764. A replay will be available at (800) 642-1687 or (706) 645-9291, passcode 39679783, until midnight (EST) December 8, 2009. About salesforce.com Salesforce.com is the enterprise cloud computing company. The company’s portfolio of Salesforce CRM applications, available at http://www.salesforce.com/products/ , has revolutionized the ways that companies collaborate and communicate with their customers across sales, marketing and service. The company’s Force.com Platform ( http://www.salesforce.com/platform/ ) enables customers, partners and developers to quickly build powerful business applications to run every part of the enterprise in the cloud. Based on salesforce.com’s real-time, multi-tenant architecture, Salesforce CRM and Force.com offer the fastest path to customer success with cloud computing. As of October 31, 2009, salesforce.com manages customer information for approximately 67,900 customers including Allianz Commercial, Dell, Dow Jones Newswires, Japan Post, Kaiser Permanente, KONE, and SunTrust Banks. Any unreleased services or features referenced in this or other press releases or public statements are not currently available and may not be delivered on time or at all. Customers who purchase salesforce.com applications should make their purchase decisions based upon features that are currently available. Salesforce.com has headquarters in San Francisco, with offices in Europe and Asia, and trades on the New York Stock Exchange under the ticker symbol “CRM”. For more information please visit http://www.salesforce.com , or call 1-800-NO-SOFTWARE. “Safe harbor” statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements about expected revenue and GAAP earnings per share for the fourth fiscal quarter of 2010 and the full fiscal year, expected revenue for fiscal year 2011, and our expected tax rate, stock-based compensation expense, amortization expense, noncontrolling interest charge, and shares outstanding, the achievement of which involve risks, uncertainties and assumptions. If any such risks or uncertainties materialize or if any of the assumptions prove incorrect, our results could differ materially from the results expressed or implied by the forward-looking statements we make. The risks and uncertainties referred to above include – but are not limited to – risks associated with possible fluctuations in our financial and operating results, rate of growth and anticipated revenue run rate; errors, interruptions or delays in our service or our Web hosting; breaches of our security measures; the financial impact of any future acquisitions; the nature of our business model; our ability to continue to release, and gain customer acceptance of, new and improved versions of our service; successful customer deployment and utilization of our existing and future services; changes in our sales cycle; competition; various financial aspects of our subscription model; unexpected increases in attrition or decreases in new business; the emerging market in which we operate; our ability to hire, retain and motivate our employees and manage our growth; changes in our customer base; technological developments; regulatory developments; litigation; unanticipated changes in our effective tax rate; and fluctuations in the number of shares we have outstanding, the price of such shares, foreign currency exchange rates, interest rates, and general developments in the economy, financial markets, and credit markets. Further information on these and other factors that could affect our financial results is included in the reports on Forms 10-K, 10-Q and 8-K and in other filings we make with the Securities and Exchange Commission from time to time, including our Form 10-Q that will be filed for the quarter ended October 31, 2009 and our Form 10-K for the fiscal year ended January 31, 2009. These documents are available on the SEC Filings section of the Investor Information section of our website at www.salesforce.com/investor . Salesforce.com, inc. assumes no obligation and does not intend to update these forward-looking statements, except as required by law. Copyright (c) 2009 salesforce.com, inc. All rights reserved. Salesforce and the “no software” logo are registered trademarks of salesforce.com, inc., and salesforce.com owns other registered and unregistered trademarks. Other names used herein may be trademarks of their respective owners. salesforce.com, inc. Condensed Consolidated Statements of Operations (in thousands, except per share data) (Unaudited) Three Months Ended Nine Months Ended October 31, October 31, 2009 2008 2009 2008 —- —- —- —- Revenues: Subscription and support $306,870 $253,403 $882,078 $718,464 Professional services and other 23,679 23,084 69,456 68,722 —— —— —— —— Total revenues 330,549 276,487 951,534 787,186 Cost of revenues (1): Subscription and support 40,745 32,424 116,744 91,802 Professional services and other 24,825 23,924 73,122 69,935 —— —— —— —— Total cost of revenues 65,570 56,348 189,866 161,737 Gross profit 264,979 220,139 761,668 625,449 Operating expenses (1): Research and development 32,763 26,270 95,450 70,070 Marketing and sales 152,166 136,452 436,647 389,930 General and administrative 49,909 41,284 139,818 117,797 —— —— ——- ——- Total operating expenses 234,838 204,006 671,915 577,797 Income from operations 30,141 16,133 89,753 47,652 Interest, net 7,211 3,840 18,987 17,270 Other income (expense) (336) 534 (1,037) (1,069) —- — —— —— Income before provision for income taxes and noncontrolling interest 37,016 20,507 107,703 63,853 Provision for income taxes (15,573) (8,824) (45,426) (29,693) ——- —— ——- ——- Consolidated net income 21,443 11,683 62,277 34,160 Less: Net income attributable to noncontrolling interest (752) (1,559) (1,952) (4,485) —- —— —— —— Net income attributable to salesforce.com $20,691 $10,124 $60,325 $29,675 ======= ======= ======= ======= Earnings per share – basic and diluted: Basic net income per share attributable to salesforce.com common shareholders $0.17 $0.08 $0.49 $0.25 Diluted net income per share attributable to salesforce.com common shareholders $0.16 $0.08 $0.48 $0.24 Shares used in computing basic net income per share 124,561 121,635 123,871 120,759 Shares used in computing diluted net income per share 128,596 125,133 126,993 125,173 (1) Amounts include stock-based expenses, as follows: Cost of revenues $2,995 $2,817 $9,322 $8,149 Research and development 2,707 2,494 8,741 6,852 Marketing and sales 9,055 9,235 28,314 26,105 General and administrative 5,650 4,730 16,570 15,119 salesforce.com, inc. Condensed Consolidated Statements of Operations As a percentage of total revenues: (Unaudited) Three Months Nine Months Ended Ended October 31, October 31, 2009 2008 2009 2008 —- —- —- —- Revenues: Subscription and support 93% 92% 93% 91% Professional services and other 7 8 7 9 — — — — Total revenues 100 100 100 100 Cost of revenues: Subscription and support 12 12 12 12 Professional services and other 8 8 8 9 — — — — Total cost of revenues 20 20 20 21 Gross profit 80 80 80 79 Operating expenses: Research and development 10 10 10 9 Marketing and sales 46 49 46 49 General and administrative 15 15 15 15 — — — — Total operating expenses 71 74 71 73 Income from operations 9 6 9 6 Interest, net 2 1 2 2 Other income (expense) 0 0 0 0 — — — — Income before provision for income taxes and noncontrolling interest 11 7 11 8 Provision for income taxes (5) (3) (5) (4) — — — — Consolidated net income 6 4 6 4 Less: Net income attributable to noncontrolling interest 0 0 0 0 — — — — Net income attributable to salesforce.com 6% 4% 6% 4% === === === === Stock-based expenses as a percentage of total revenues, as follows: Cost of revenues 1% 1% 1% 1% Research and development 1 1 1 1 Marketing and sales 3 3 3 3 General and administrative 1 2 2 2 salesforce.com, inc. Condensed Consolidated Balance Sheets (in thousands) October 31, January 31, 2009 2009 —- —- (unaudited) Assets Current assets: Cash and cash equivalents $242,888 $483,834 Short-term marketable securities 202,446 213,769 Accounts receivable, net 191,297 266,555 Deferred commissions 37,065 39,384 Deferred income taxes 26,992 31,900 Prepaid expenses and other current assets 62,227 33,115 —— —— Total current assets 762,915 1,068,557 Marketable securities, noncurrent 624,758 184,962 Fixed assets, net 95,598 77,027 Deferred commissions, noncurrent 17,077 17,699 Deferred income taxes, noncurrent 30,695 26,589 Capitalized software, net 32,780 29,989 Goodwill 45,402 44,872 Other assets, net 33,976 30,127 —— —— Total assets $1,643,201 $1,479,822 ========== ========== Liabilities and stockholders’ equity Current liabilities: Accounts payable $15,617 $16,379 Accrued expenses and other current liabilities 174,309 163,205 Income taxes payable 3,050 3,619 Deferred revenue 533,502 583,763 ——- ——- Total current liabilities 726,478 766,966 Income taxes payable, noncurrent 19,298 12,490 Long-term lease liabilities and other 14,952 7,616 Deferred revenue, noncurrent 11,933 10,263 —— —— Total liabilities 772,661 797,335 salesforce.com stockholders’ equity: Common stock 125 123 Additional paid-in capital 775,838 648,724 Accumulated other comprehensive loss (3,239) (2,905) Retained earnings 86,167 25,842 —— —— Total stockholders’ equity controlling interest 858,891 671,784 Total stockholders’ equity noncontrolling interest 11,649 10,703 —— —— Total stockholders’ equity 870,540 682,487 ——- ——- Total liabilities and stockholders’ equity $1,643,201 $1,479,822 ========== ========== salesforce.com, inc. Condensed Consolidated Statements of Cash Flows (in thousands) (Unaudited) Three Months Ended Nine Months Ended October 31, October 31, 2009 2008 2009 2008 —- —- —- —- Operating activities: Consolidated net income $21,443 $11,683 $62,277 $34,160 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 13,601 7,910 37,890 24,938 Amortization of deferred commissions 15,698 14,784 45,959 43,414 Expenses related to stock- based awards 20,407 19,276 62,947 56,225 Excess tax benefits from employee stock plans (7,401) (17,706) (32,536) (42,247) Loss on securities – 2,052 – 2,052 Changes in assets and liabilities: Accounts receivable, net (22,515) (9,002) 75,355 64,077 Deferred commissions (18,013) (13,682) (43,018) (40,564) Prepaid expenses and other current assets (12,892) (6,313) (14,711) (12,406) Other assets (506) (2,943) (624) (429) Accounts payable 2,228 6,621 (762) 12,951 Accrued expenses and other current liabilities 27,045 14,733 35,165 23,497 Deferred revenue (3,575) (10,292) (48,591) (11,640) —— ——- ——- ——- Net cash provided by operating activities 35,520 17,121 179,351 154,028 —— —— ——- ——- Investing activities: Purchase of subsidiary stock – (16,693) – (16,693) Business combinations, net of cash acquired (4,500) (27,344) (4,500) (27,344) Purchase of marketable securities (218,056) (123,476) (980,519) (323,415) Sales of marketable securities 121,413 26,656 438,679 84,187 Maturities of marketable securities 55,400 66,557 119,566 200,387 Capital expenditures (14,089) (11,614) (46,845) (48,827) ——- ——- ——- ——- Net cash used in investing activities (59,832) (85,914) (473,619) (131,705) ——- ——- ——– ——– Financing activities: Proceeds from the exercise of stock options 18,559 6,595 32,866 40,605 Excess tax benefits from employee stock plans 7,401 17,706 32,536 42,247 Principal payments on capital lease obligations (2,398) (286) (5,904) (291) —— —- —— —- Net cash provided by financing activities 23,562 24,015 59,498 82,561 —— —— —— —— Effect of exchange rate changes (2,531) 49 (6,176) (1,665) —— — —— —— Net (decrease) increase in cash and cash equivalents (3,281) (44,729) (240,946) 103,219 Cash and cash equivalents, beginning of period 246,169 427,043 483,834 279,095 ——- ——- ——- ——- Cash and cash equivalents, end of period $242,888 $382,314 $242,888 $382,314 ======== ======== ======== ======== salesforce.com, inc. Additional Metrics (Unaudited) Oct 31, Jul 31, April 30, Jan 31, Oct 31, Jul 31, 2009 2009 2009 2009 2008 2008 —- —- —- —- —- —- Full Time Equivalent Headcount 3,814 3,653 3,607 3,566 3,318 3,046 Financial data (in thousands): Cash, cash equivalents and marketable securities $1,070,092 $1,030,406 $983,824 $882,565 $804,606 $823,417 Deferred revenue, current and noncurrent $545,435 $549,010 $549,373 $594,026 $469,534 $479,546 Three Months Ended Nine Months Ended October 31, October 31, 2009 2008 2009 2008 —- —- —- —- Revenues by geography (in thousands): Americas $232,802 $200,143 $679,460 $567,076 Europe 60,761 48,076 168,355 142,597 Asia Pacific 36,986 28,268 103,719 77,513 —— —— ——- —— $330,549 $276,487 $951,534 $787,186 ======== ======== ======== ======== As a percentage of total revenues: Revenues by geography: Americas 70% 72% 71% 72% Europe 18 17 18 18 Asia Pacific 12 11 11 10 — — — — 100% 100% 100% 100% === === === === Read the original: Salesforce.com Announces Fiscal Third Quarter Results (PR Newswire)

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Salesforce.com Announces Fiscal Third Quarter Results (PR Newswire)

3rd Q financials exemption used to Curb Oversold – Naked Short Sellers TORONTO, Nov. 16 /PRNewswire-FirstCall/ – HTDS www.htdsmedical.com – The issuer brings attention to its Nov. 11 news release where amongst other things HTDS addressed the issue of the Naked Short Sellers. HTDS is working continuously with Pink Sheets to resolve the issue as it affects the HTDS’ ranking on Pink Sheets. The ranking still warns buyers that the stock is under siege, and restricts certain normal trading activities of the security. The company brings attention to its filing Dated September 16 2009 http://www.pinksheets.com/pink/quote/quote.jsp?symbol=htds See direct link http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=24368 The issuer is of the opinion that it has met the threshold of the “Adequate Disclosure” requirement. Moreover the issuer brings attention to the Pink Sheets weekly report. The weekly report can be found at this link: Go to www.minamargroup.net Click on MARKET REPORT SELECT HTDS 09 Nov 2009 09:46 AM This is a pdf file that a user can download to their local drive or open it in a browser. The issuer brings attention to the TOP RIGHT HAND CORNER of that report. The issuer is ranked internally as CURRENT ISSUER and publically as Caveat Emptor. The issuer is of the opinion that the short sellers and “oversold” require the issuer to be in the TOP 2 tier ranking namely LIMITED INFORMATION or CURRENT INFORMATION in order for the short sellers to continue borrowing stocks from each other and shorting its security. The issuer being a non reporting SEC company will utilize its exemption status and not file its Q3 statements with Pink Sheets in an effort to thwart the short seller’s efforts, in an effort to force a short squeeze. The issuer continues its audit and its aspirations of up listing to OTCBB. The auditor is currently engaged on completing HTDS’ 2007-2008 financials. Audited statements are one of the requirements the company must obtain to meet the OTCBB listing threshold. HTDS management does not foresee any issues in meeting the audit requirements. HTDS management has a prearranged OTCBB vehicle already ready formulated and capitalized for its operating subsidiaries and the soon to be announced merger up list to OTCBB. In other company news, the issuer has received some very positive feedback on its MMR Vaccine and the Chinese SFDA’s decision. Details will be released shortly. In addition its Serbia Bio Chem subsidiary competition for the best technological innovation will be reported shortly as well. The issuer also brings attention to its SEC filing on Pink Sheets regarding Naked Short selling http://www.pinksheets.com/pink/quote/quote.jsp?symbol=htds To receive future updates via email, including quarterly newsletters and company updates that may not be newsworthy, however important to the reader and followers of the company, please sign up today free at www.minamargroup.com/updates Safe Harbor Statement Information in this news release may contain statements about future expectations, plans, prospects or performance of Hard to Treat Diseases Inc. that constitute forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases “can be”, “expects”, “may affect”, “believed”, “estimate”, “project” and similar words and phrases are intended to identify such forward-looking statements. Hard to Treat Diseases Inc. cautions you that any forward-looking information provided by or on behalf of Hard to Treat Diseases Inc. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. Hard to Treat Diseases Inc.’s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond Hard to Treat Diseases Inc.’s control. In addition to those discussed in Hard to Treat Diseases Inc.’s press releases, public filings, and statements by Hard to Treat Diseases Inc.’s management, including, but not limited to, Hard to Treat Diseases Inc.’s estimate of the sufficiency of its existing capital resources, Hard to Treat Diseases Inc.’s ability to raise additional capital to fund future operations, Hard to Treat Diseases Inc.’s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match Hard to Treat Diseases Inc.’s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. Hard to Treat Diseases Inc. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events. CONTACT: For any investor relations matters, please contact www.minamargroup.net/helpdesk ; Investor Relations Department Inquiry, www.minamargroup.net (IR); For (M&A) and Corporate Matters, www.minamargroup.com Read the original here: Hard to Treat Diseases’ (HTDS.PK) Short Sellers and “Skull and Bones” Rank (PR Newswire)

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Reuters has stopped distributing the full text of Moody’s Investors Service press releases on ratings actions, effective April 1, 2009. The text of this Moody’s Investor Service rating is available at www.moodys.com. © Thomson Reuters 2009 All rights reserved Read the original post: Moody’s afrms Liberty Global’s Ba3 CFR followg acqn announcement

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MINNEAPOLIS–(BUSINESS WIRE)–Nash Finch Company (NASDAQ: NAFC – News ), one of the leading food distribution companies in the United States, today announced financial results for the sixteen weeks (third quarter) ended October 10, 2009. Financial Results Total company sales for the third quarter 2009 were $1.633 billion compared to $1.416 billion in the prior-year quarter, an increase of 15.3%. Excluding the impact of the sales increase of $229.2 million attributable to the acquisition of three military distribution centers on January 31, 2009, sales decreased by 0.9% versus last year primarily due to price deflation. Sales for the first forty weeks of 2009 were $3.990 billion compared to $3.445 billion in the prior-year period, an increase of 15.8%. Excluding the impact of the sales increase of $508.4 million attributable to the acquisition of the three military distribution centers on January 31, 2009, total company sales increased 1.1% year-to-date. Net earnings for the third quarter 2009 were $21.9 million, or $1.64 per diluted share, as compared to net earnings of $7.7 million, or $0.58 per diluted share, in the prior year quarter. Net earnings for the first forty weeks of 2009 were $45.9 million, or $3.44 per diluted share, as compared to net earnings of $27.7 million, or $2.10 per diluted share, in the same prior-year period. Net earnings for both years were affected by several significant items which are presented in the table below. Net earnings for the third quarter and year-to-date 2009 benefited from significant items totaling $6.3 million and $10.9 million, or $0.47 and $0.82 per diluted share, respectively, which primarily resulted from the non-cash settlement agreement with Roundy’s Supermarkets, Inc. announced on September 14, 2009. Net earnings for the third quarter and year-to-date 2008 were negatively affected by significant items totaling, $5.9 million and $5.1 million, or $0.45 and $0.39 per diluted share, respectively, primarily due to high inflation in 2008 resulting in significant non-cash LIFO charges. In contrast, price deflation has resulted in modest LIFO credits to be realized in 2009. Consolidated EBITDA for the third quarter 2009 increased 4.6% to $46.0 million, or 2.8% of sales, as compared to $44.0 million, or 3.1% of sales, for the prior year quarter. The decrease in Consolidated EBITDA as a percent of sales was largely attributable to growth in our military segment which operates at a lower rate than the Company’s historical average Consolidated EBITDA margin and partially due to having higher than normal inflationary gains in our inventories last year. These impacts were partially offset by overhead expense reductions. For the first forty weeks of 2009, Consolidated EBITDA was $108.9 million, or 2.7% of sales, compared to $108.2 million, or 3.1% of sales, in the prior-year period. Consolidated EBITDA is a non-GAAP financial measure that is reconciled to the most directly comparable GAAP financial results in the attached financial statements. The following table identifies the significant net credits (charges) affecting our Consolidated EBITDA, net earnings and diluted earnings per share for the third quarter and year-to-date 2009 and prior year results:                                             3rd Quarter     3rd Quarter         YTD         YTD (dollars in millions except per share amounts)       2009     2008         2009         2008 Significant credits (charges) Reduction in customer bad debt reserves $ – - – 1.8 Gain on sale of intangible – 0.4 – 0.6 Lease buyout payment – - – (1.4 ) Acquisition and integration costs (0.9 ) – (2.3 ) – Pre-opening and start-up costs of new and remodeled stores – - (0.7 ) – Other   –       (0.1 )           (0.5 )         (0.8 ) Significant net credits (charges) impacting Consolidated EBITDA   (0.9 )     0.3             (3.5 )         0.2     Gain on acquisition of a business – - 6.7 – Gain on litigation settlement 7.6 – 7.6 – Prior year LIFO above current year rate – (8.8 ) – (12.6 ) Increase in share based compensation expense – - (1.4 ) – Net reduction (increase) in lease reserves (0.4 ) (0.5 ) (1.7 ) 2.1 Asset impairments and lease costs on closed retail stores (0.8 ) (0.7 ) (1.7 ) (1.0 ) Write-off of deferred financing charges – - – (1.0 ) Other   –       –             –           0.2   Total significant net credits (charges) impacting earnings before tax   5.5       (9.7 )           6.0           (12.1 ) Income tax on significant net credits (charges) 0.8 3.8 0.6 4.7 Income tax effect on gain on acquisition of a business – - 2.7 – Reversal of previously recorded income tax reserves and refunds   –       –             1.6           2.3   Total significant net credits (charges) impacting net earnings $ 6.3       (5.9 )         $ 10.9           (5.1 ) Diluted earnings per share impact       $ 0.47       (0.45 )         $ 0.82           (0.39 )                                                 “In light of having to maneuver through a very challenging economic environment, I am pleased with our third quarter performance”, said Alec Covington, President and CEO of Nash Finch Company. “After excluding the litigation settlement gain and the other significant items identified, our results were generally in line with our expectations with both Consolidated EBITDA and EPS coming in ahead of last year. Our food distribution segment experienced a decrease in year-over-year sales primarily due to significant price deflation in our inventories which was passed in the form of lower prices to our independent customers. In contrast, our military and retail segments posted very solid results. We were also successful in controlling and reducing SG&A expenses.” Food Distribution Results                                           (dollars in millions)         3rd Quarter     3rd Quarter     %     YTD     YTD     %           2009     2008     Change     2009     2008     Change Sales $ 818.2 839.9 (2.6 %) 2,040.0 2,034.1 0.3 % Segment EBITDA 1 $ 30.0 32.8 (8.7 %) 74.3 83.1 (10.6 %) Percentage of Sales           3.7 %     3.9 %           3.6 %     4.1 %         The decrease in the third quarter 2009 food distribution segment sales versus the comparable 2008 period was primarily attributable to a decrease in comparable sales to existing customers, partially offset by new account gains. The increase in the year-to-date 2009 food distribution segment sales versus the comparable 2008 period was primarily attributable to new account gains. The unfavorable variance in the food distribution segment EBITDA as compared to last year was largely due to high inflation in our inventories in 2008 which resulted in a higher than normal prior year gross margin performance. In addition, deflationary pressures caused by declines in commodity prices in the current year have negatively impacted gross margin performance. Military Distribution Results                                           (dollars in millions)         3rd Quarter     3rd Quarter     %     YTD     YTD     %           2009     2008     Change     2009     2008     Change Sales $ 637.1 390.2 63.3 % 1,508.3 956.6 57.7 % Segment EBITDA 1 $ 17.0 15.7 8.6 % 42.6 38.5 10.6 % Percentage of Sales           2.7 %     4.0 %           2.8 %     4.0 %         The military segment sales increase in the third quarter is reflective of the impact of the acquisition of three military distribution centers on January 31, 2009, and the continued positive organic growth of the pre-existing business. Adjusting for the sales impact of these three distribution centers of $229.2 million, military sales increased 4.5% in the third quarter due to strong sales to commissaries, both domestically and overseas. The military segment sales increase in year-to-date 2009 is reflective of the impact of the acquisition of three military distribution centers on January 31, 2009. Adjusting for the sales impact of these three distribution centers of $508.4 million, military sales increased 4.5% year-to-date. The military segment EBITDA increased by 8.6% and 10.6% in the third quarter and year-to-date 2009, respectively, compared to the prior year. The military EBITDA margin as a percentage of sales was 2.7% and 2.8% in the third quarter and year-to-date 2009, respectively, as compared to 4.0% in the prior year periods and includes acquisition and integration costs of approximately $0.9 million and $2.3 million, or 0.1% and 0.2% of sales, respectively. The military segment EBITDA margin was also negatively impacted by approximately 1.0% of sales in the third quarter and year-to-date 2009, respectively, as compared to 2008 due to the three newly acquired distribution centers which operate at a lower EBITDA margin than the rest of our military business. “We continue to make progress on converting these three facilities onto our standard suite of military systems and processes, which will improve efficiencies and productivity,” said Mr. Covington. “The final GSC warehouse is scheduled to be fully integrated in the first quarter of 2010.” Retail Results                                           (dollars in millions)         3rd Quarter     3rd Quarter     %     YTD     YTD     %           2009     2008     Change     2009     2008     Change Sales $ 178.0 186.2 (4.4 %) 441.9 454.3 (2.7 %) Segment EBITDA 1 $ 9.3 9.4 (2.0 %) 21.8 23.1 (5.8 %) Percentage of Sales           5.2 %     5.0 %           4.9 %     5.1 %         The retail segment sales decline in third quarter and year-to-date 2009 is primarily attributable to same store sales declines of 3.3% and 2.3% during the third quarter and year-to-date 2009, respectively. In addition, sales were also impacted by the closure of four retail stores and the opening of one store since the end of the second quarter 2008. The retail segment EBITDA in the third quarter 2009 was relatively flat to last year and the decrease in the retail segment EBITDA for year-to-date 2009 as compared to the prior year was primarily due to pre-opening and start-up costs that were incurred relating to one new and one remodeled store totaling $0.7 million in 2009 and gains on sales of assets of $0.6 million in 2008. Summary “We are committed to maintaining a strong balance sheet and are focused on improving working capital, debt reduction and prudent cost containment in this challenging economy”, said Mr. Covington. “As we look towards the rest of the year and into 2010, we remain committed to our strategic initiatives which are centered on adding new food distribution customers, improving the efficiency of our food distribution and military supply chain networks and making our warehouse operations more productive.” Liquidity Total debt decreased by $5.4 million during the third quarter 2009 to $333.4 million. Total debt to capital was 46% at the end of the quarter. The Company continues to focus on effectively managing its balance sheet and is currently in compliance with all of its debt covenants. The debt leverage ratio as of the end of the third quarter 2009 was 2.31x and availability on the Company’s revolving credit facility at the end of the quarter was $153.1 million. Share Repurchase On November 10, 2009, our Board of Directors approved a share repurchase program authorizing the Company to spend up to $25.0 million to purchase shares of the Company’s common stock. The program will take effect as soon as administratively practicable, but no earlier than November 16, 2009, and will continue until December 31, 2010. Financial Target Progress Substantial improvement on most financial targets has been achieved since the targets were announced as part of the Company’s strategic plan in November 2006. In particular, from Fiscal 2006 to the third quarter 2009, Consolidated EBITDA margin improved from 2.2% to 2.7% of sales and the debt leverage ratio has improved from 3.11x to 2.31x. The ratio of free cash flow to net assets metric is still one of the strongest in the industry, currently at 8.6% after excluding the impact of strategic projects. The organic revenue growth metric has benefited from the initiatives associated with our strategic plan. The following table charts the Company’s progress towards its long-term financial targets that are anticipated to be attained through successful execution of our strategic plan.                                         Financial Targets     Long-term     YTD Fiscal     Fiscal     Fiscal     Fiscal       Target     2009     2008     2007     2006 Organic Revenue Growth 2.0 % 0.8 % 3.1 % (2.1 %) (2.9 %) Consolidated EBITDA Margin 4.0 % 2.7 % 3.1 % 2.8 % 2.2 % Trailing Four Quarter Free Cash Flow 2 / Net Assets 7.6 % 12.0 % 9.2 % 8.7 % Trailing Four Quarter Free Cash Flow(2) / Net Assets Excluding Impact of Strategic Projects 10.0 % 8.6 % 14.0 % 9.7 % 8.7 % Total Leverage Ratio (Total Debt / Trailing Four Quarter Consolidated EBITDA)     2.5 – 3.0 x     2.31 x     1.75 x     2.20 x     3.11 x                                           2 Defined as cash provided from operations less capital expenditures for property, plant & equipment during the trailing four quarters. A conference call to review the third quarter 2009 results is scheduled for 10:00 a.m. CDT (11:00 a.m. EDT) on November 12, 2009. Interested participants can listen to the conference call over the Internet by logging onto the “Investor Relations” portion of Nash Finch’s website at http://www.nashfinch.com. A replay of the webcast will be available and the transcript of the call will be archived on the “Investor Relations” portion of Nash Finch’s website under the heading “Audio Archives.” A copy of this press release and the other financial and statistical information about the periods to be discussed in the conference call will be available at the time of the call on the “Investor Relations” portion of the Nash Finch website under the caption “Press Releases.” Nash Finch Company is a Fortune 500 company and one of the leading food distribution companies in the United States. Nash Finch’s core business, food distribution, serves independent retailers and military commissaries in 36 states, the District of Columbia, Europe, Cuba, Puerto Rico, the Azores and Egypt. The Company also owns and operates a base of retail stores, primarily supermarkets under the Econofoods®, Family Thrift Center®, AVANZA®, Family Fresh Market® and Sun Mart® trade names. Further information is available on the Company’s website at www.nashfinch.com . This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements relate to trends and events that may affect our future financial position and operating results. Any statement contained in this release that is not statements of historical fact may be deemed forward-looking statements. For example, words such as “may,” “will,” “should,” “likely,” “expect,” “anticipate,” “estimate,” “believe,” “intend, ” “potential” or “plan,” or comparable terminology, are intended to identify forward-looking statements. Such statements are based upon current expectations, estimates and assumptions, and entail various risks and uncertainties that could cause actual results to differ materially from those expressed in such forward-looking statements. Important factors known to us that could cause or contribute to material differences include, but are not limited to, the following: the effect of competition on our food distribution, military and retail businesses; general sensitivity to economic conditions, including the uncertainty related to the current state of the economy in the U.S. and worldwide economic slowdown; recent disruptions to the credit and financial markets in the U.S. and worldwide; changes in market interest rates; continued volatility in energy prices and food commodities; macroeconomic and geopolitical events affecting commerce generally; changes in consumer buying and spending patterns; our ability to identify and execute plans to expand our food distribution, military and retail operations; possible changes in the military commissary system, including those stemming from the redeployment of forces, congressional action and funding levels; our ability to identify and execute plans to improve the competitive position of our retail operations; the success or failure of strategic plans, new business ventures or initiatives; our ability to successfully integrate and manage current or future businesses we acquire, including the ability to manage credit risks and retain the customers of those operations; changes in credit risk from financial accommodations extended to new or existing customers; significant changes in the nature of vendor promotional programs and the allocation of funds among the programs; limitations on financial and operating flexibility due to debt levels and debt instrument covenants; legal, governmental, legislative or administrative proceedings, disputes, or actions that result in adverse outcomes; failure of our internal control over financial reporting; changes in accounting standards; technology failures that may have a material adverse effect on our business; severe weather and natural disasters that may impact our supply chain; unionization of a significant portion of our workforce; changes in health care, pension and wage costs and labor relations issues; costs related to multi-employer pension plan; product liability claims, including claims concerning food and prepared food products; threats or potential threats to security; and unanticipated problems with product procurement. A more detailed discussion of many of these factors, as well as other factors that could affect the Company’s results, is contained in the Company’s periodic reports filed with the SEC. You should carefully consider each of these factors and all of the other information in this release. We believe that all forward-looking statements are based upon reasonable assumptions when made. However, we caution that it is impossible to predict actual results or outcomes and that accordingly you should not place undue reliance on these statements. Forward-looking statements speak only as of the date when made and we undertake no obligation to revise or update these statements in light of subsequent events or developments. Actual results and outcomes may differ materially from anticipated results or outcomes discussed in forward-looking statements. You are advised, however, to consult any future disclosures we make on related subjects in future reports to the Securities and Exchange Commission (SEC). 1 Consolidated EBITDA, and segment EBITDA is calculated as earnings before interest, income tax, depreciation and amortization, adjusted to exclude extraordinary gains or losses, gains or losses from sales of assets other than inventory in the ordinary course of business, and non-cash charges (such as LIFO, asset impairments, closed store lease costs and share-based compensation), less cash payments made during the current period on non-cash charges recorded in prior periods. Consolidated EBITDA should not be considered an alternative measure of our net income, operating performance, cash flows or liquidity. Consolidated EBITDA is provided as additional information as a key metric used to determine payout pursuant to our Short-Term and Long-Term Incentive Plans.   NASH FINCH COMPANY AND SUBSIDIARIES Consolidated Statements of Income (In thousands, except per share amounts)                       Sixteen Forty Weeks Ended Weeks Ended October 10 October 4 October 10 October 4 2009 2008 2009 2008   Sales $ 1,633,304 1,416,308 3,990,218 3,445,052 Cost of sales 1,504,350   1,294,143 3,667,116   3,135,985 Gross profit 128,954 122,165 323,102 309,067   Other costs and expenses: Selling, general and administrative 84,716 89,937 222,055 216,109 Gain on acquisition of a business – - (6,682 ) – Gain on litigation settlement (7,630 ) – (7,630 ) – Depreciation and amortization 12,592 11,643 31,299 29,378 Interest expense 7,621   7,556 18,765   20,432 Total other costs and expenses 97,299 109,136 257,807 265,919   Earnings before income taxes 31,655 13,029 65,295 43,148   Income tax expense 9,728   5,344 19,410   15,415 Net earnings $ 21,927   7,685 45,885   27,733   Net earnings per share:   Basic $ 1.68 0.60 3.53 2.15 Diluted $ 1.64 0.58 3.44 2.10   Declared dividends per common share $ 0.18 0.18 0.54 0.54   Weighted average number of common shares outstanding and common equivalent shares outstanding: Basic 13,021 12,839 12,998 12,893 Diluted 13,377 13,174 13,344 13,176                 NASH FINCH COMPANY AND SUBSIDIARIES Consolidated Balance Sheets (In thousands, except per share amounts)     Assets 10/10/2009 01/03/2009 Current assets: Cash and cash equivalents $ 860 824 Accounts and notes receivable, net 284,746 185,943 Inventories 337,122 261,491 Prepaid expenses and other 12,349 13,909 Deferred tax assets 6,785   5,784   Total current assets 641,862 467,951   Notes receivable, net 24,524 28,353   Property, plant and equipment: 627,275 590,894 Less accumulated depreciation and amortization (415,566 ) (392,807 ) Net property, plant and equipment 211,709 198,087   Goodwill 217,516 218,414 Customer contracts and relationships, net 22,101 24,762 Investment in direct financing leases 3,232 3,388 Other assets 13,453   11,591   Total assets $ 1,134,397   952,546     Liabilities and Stockholders’ Equity Current liabilities: Current maturities of long-term debt and capitalized lease obligations $ 4,375 4,032 Accounts payable 279,836 220,610 Accrued expenses 59,131   73,087   Total current liabilities 343,342 297,729   Long-term debt 306,763 222,774 Capitalized lease obligations 22,275 25,252 Deferred tax liability, net 26,268 22,232 Other liabilities 40,071 35,539 Commitments and contingencies – - Stockholders’ equity: Preferred stock – no par value. Authorized 500 shares; none issued – - Common stock of $1.66 2/3 par value Authorized 50,000 shares, issued 13,673 and 13,665 shares respectively 22,790 22,776 Additional paid-in capital 105,143 98,048 Common stock held in trust (2,317 ) (2,243 ) Deferred compensation obligations 2,317 2,243 Accumulated other comprehensive income (10,575 ) (10,876 ) Retained earnings 307,306 268,562 Treasury stock at cost, 832 and 848 shares, respectively (28,986 ) (29,490 ) Total stockholders’ equity 395,678   349,020   Total liabilities and stockholders’ equity $ 1,134,397   952,546                       NASH FINCH COMPANY AND SUBSIDIARIES Consolidated Statements of Cash Flows (In thousands)   Forty Weeks Ended October 10 October 4 2009 2008 Operating activities: Net earnings $ 45,885 27,733 Adjustments to reconcile net earnings to net cash provided by operating activities:   Gain on acquisition of a business (6,682) – Gain on litigation settlement (7,630) – Depreciation and amortization 31,299 29,378 Amortization of deferred financing costs 1,357 1,867 Non-cash convertible debt interest 3,753 3,458 Amortization of rebateable loans 3,133 2,154 Provision for bad debts 1,070 (525) Provision for lease reserves 1,492 (1,515) Deferred income tax expense (1,237) 9,702 LIFO charge (732) 11,892 Asset impairments 1,738 1,490 Share-based compensation 7,421 6,978 Deferred compensation 990 222 Other (130) (995) Changes in operating assets and liabilities: Accounts and notes receivable (38,921) (7,031) Inventories (32,838) (73,369) Prepaid expenses 824 2,757 Accounts payable 23,294 37,992 Accrued expenses (14,529) (6,161) Income taxes payable 946 7,447 Other assets and liabilities 1,795 (2,305) Net cash provided by operating activities 22,298 51,169   Investing activities: Disposal of property, plant and equipment 507 361 Additions to property, plant and equipment (12,563) (17,716) Business acquired, net of cash (78,056) (6,566) Loans to customers (2,225) (17,579) Payments from customers on loans 3,411 1,059 Other (154) (202) Net cash used in investing activities (89,080) (40,643) Financing activities: Proceeds of revolving debt 80,500 128,800 Dividends paid (6,929) (6,922) Proceeds from exercise of stock options 196 329 Proceeds from employee stock purchase plan – 238 Purchase of Common Stock – (14,348) Payments of long-term debt (248) (118,940) Payments of capitalized lease obligations (2,649) (2,903) Increase (decrease) in book overdraft (1,346) 6,742 Payments of deferred financing costs (2,706) (3,573) Net cash provided (used) by financing activities 66,818 (10,577) Net increase (decrease) in cash and cash equivalents 36 (51) Cash and cash equivalents: Beginning of year 824 862 End of period $ 860 811     NASH FINCH COMPANY AND SUBSIDIARIES               Supplemental Data (Unaudited)   October 10 October 4 Other Data (In thousands) 2009 2008   Total debt $ 333,413 293,415 Stockholders’ equity $ 395,678 349,047 Capitalization $ 729,091 642,462 Debt to total capitalization 45.7 % 45.7 %     Non-GAAP Data Consolidated EBITDA – rolling 4 quarters (a) $ 144,372 138,448 Leverage ratio – rolling 4 quarters. (debt to consolidated EBITDA) (b) 2.31 2.12     Comparable GAAP Data Debt to earnings before income taxes (b) 4.39 5.38                 (a)   Consolidated EBITDA is calculated as earnings before interest, income tax, depreciation and amortization, adjusted to exclude extraordinary gains or losses, gains or losses from sales of assets other than inventory in the ordinary course of business, and non-cash charges (such as LIFO, asset impairments, closed store lease costs and share-based compensation), less cash payments made during the current period on non-cash charges recorded in prior periods. Consolidated EBITDA should not be considered an alternative measure of our net income, operating performance, cash flows or liquidity. Consolidated EBITDA is provided as additional information as a key metric used to determine payout pursuant to our Short-Term and Long-Term Incentive Plans.   (b) Leverage ratio is defined as the Company’s total debt at October 10, 2009 and October 4, 2008, divided by Consolidated EBITDA for the respective rolling four quarters. The most comparable GAAP ratio is debt at the same date divided by earnings from continuing operations before income taxes for the respective four quarters.   Derivation of Consolidated EBITDA; Segment Consolidated EBITDA; and Segment Profit (in thousands)                               FY 2009 2008 2009 2009 2009 Rolling Qtr 4 Qtr 1 Qtr 2 Qtr 3 4 Qtrs   Earnings from continuing operations before income taxes $ 10,643 17,526 16,114 31,655 75,938 Add/(deduct) LIFO 7,849 – (287 ) (445 ) 7,117 Depreciation and amortization 9,051 9,335 9,372 12,592 40,350 Interest expense 6,034 5,304 5,840 7,621 24,799 Gain on litigation settlement – - – (7,630 ) (7,630 ) Gains on sale of real estate – - – (54 ) (54 ) Closed store lease costs (317 ) 1,066 – 425 1,174 Asset Impairment 1,065 – 898 840 2,803 Stock Compensation 1,814 3,307 2,408 1,706 9,235 Gain on acquisition of a business – (6,682 ) – - (6,682 ) Subsequent cash payments on non-cash charges (635 ) (617 ) (714 ) (712 ) (2,678 ) Total Consolidated EBITDA $ 35,504   29,239   33,631   45,998   144,372       2008 2009 2009 2009 Rolling Segment Consolidated EBITDA Qtr 4 Qtr 1 Qtr 2 Qtr 3 4 Qtrs Food Distribution $ 26,568 20,930 23,432 29,964 100,894 Military 12,698 13,099 12,432 17,027 55,256 Retail 8,291 5,734 6,775 9,252 30,052 Unallocated Corporate Overhead (12,053 ) (10,524 ) (9,008 ) (10,245 ) (41,830 ) $ 35,504   29,239   33,631   45,998   144,372       2008 2009 2009 2009 Rolling Segment profit Qtr 4 Qtr 1 Qtr 2 Qtr 3 4 Qtrs Food Distribution $ 24,422 18,832 21,371 27,302 91,927 Military 12,200 12,036 11,098 15,183 50,517 Retail 5,692 3,328 4,297 5,882 19,199 Unallocated Corporate Overhead (31,671 ) (16,670 ) (20,652 ) (16,712 ) (85,705 ) $ 10,643   17,526   16,114   31,655   75,938       FY 2008   2007 2008 2008 2008 Rolling Qtr 4 Qtr 1 Qtr 2 Qtr 3 4 Qtrs Earnings from continuing operations before income taxes $ 11,416 16,281 13,838 13,029 54,564 Add/(deduct) LIFO 2,399 1,134 2,397 8,360 14,290 Depreciation and amortization 8,997 9,032 8,703 11,643 38,375 Interest expense 6,447 6,117 6,759 7,556 26,879 Closed store lease costs – (2,094 ) 99 480 (1,515 ) Asset Impairment 87 395 401 694 1,577 Stock Compensation 3,614 1,943 2,022 3,013 10,592 Gains on sale of real estate (1,720 ) – - – (1,720 ) Subsequent cash payments on non-cash charges (1,011 ) (2,184 ) (612 ) (787 ) (4,594 ) Total Consolidated EBITDA $ 30,229   30,624   33,607   43,988   138,448       2007 2008 2008 2008 Rolling Segment Consolidated EBITDA Qtr 4 Qtr 1 Qtr 2 Qtr 3 4 Qtrs Food Distribution $ 26,143 25,270 24,975 32,814 109,202 Military 10,545 11,234 11,554 15,678 49,011 Retail 4,000 6,645 7,003 9,443 27,091 Unallocated Corporate Overhead (10,459 ) (12,525 ) (9,925 ) (13,947 ) (46,856 ) $ 30,229   30,624   33,607   43,988   138,448       2007 2008 2008 2008 Rolling Segment profit Qtr 4 Qtr 1 Qtr 2 Qtr 3 4 Qtrs Food Distribution $ 23,796 22,940 22,885 30,028 99,649 Military 10,067 10,762 11,091 15,072 46,992 Retail 1,902 4,543 4,774 6,326 17,545 Unallocated Corporate Overhead (24,349 ) (21,964 ) (24,912 ) (38,397 ) (109,622 ) $ 11,416   16,281   13,838   13,029   54,564     See the article here: Nash Finch Reports Third Quarter 2009 Results (Business Wire)

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Nash Finch Reports Third Quarter 2009 Results (Business Wire)