Competitive


LONDON and NEW YORK - Corvil, innovator of electronic trading and market data latency management systems, today announced Thomson Reuters Markets division as a new client of CorvilNet, the company's core software platform.

LONDON - The 2008 Frost & Sullivan European Polylactic Production Technology Innovation of the Year Award in the field of Polylactic Acid Production goes to PURAC, Sulzer Chemtech and Synbra Technology for jointly developing a new, cost-effective polymerisation process to produce high-quality polylactic acid (PLA) from a biorenewable resource.

GREENSBORO, North Carolina - Global Safety Textiles LLC ("GST") today announced that it has reached an agreement with a majority of its senior lenders to successfully restructure the Company's obligations and has filed a Plan of Reorganization with the Bankruptcy Court.

HAMILTON, Bermuda - Second Quarter 2009 Earnings Summary - Second quarter total revenues, excluding Real Estate, of $132.0 million - Same store RevPAR down 24% in local currency, 33% in US dollars - Adjusted EBITDA before Real Estate of $26.7 million Key Events - Raised $141.3 million of cash in common share offering in May 2009 primarily for debt reduction - Completed sale of Lapa Palace for $42.0 million (EUR29.4 million), or 22x 2008 EBITDA - Entered into sale agreement for Windsor Court Hotel - Entered into agreement with the New York Public Library to spread future payments over 24 months - Same store revenue drop offset by 54% through fixed and variable overhead savings - Completed $16 million re-financing of Australian properties - Implemented launch of corporate brand strategy, including new website - Obtained tangible net worth covenant waivers on two facilities referenced in 2008 Form 10-K Orient-Express Hotels Ltd.

TROY, Michigan and MARSEILLE, France - - CAE suite and use of finite element analysis streamline development processes in the development of medical devices Altair Engineering, Inc., a leading global provider of simulation technology and engineering services that empower client innovation and decision-making, and PROTOMED SA announced today that PROTOMED SA has chosen Altair Engineering's computer-aided engineering (CAE) software suite, HyperWorks, to enhance its numerical simulation capabilities.
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