“As we move through the bottom of this cycle, maintaining capital, managing credit and driving revenues are priorities and we have to organise staff accordingly,” Daniel Mudd, Fannie Mae chief executive, said.

Fannie said Stephen Swad, its chief financial officer, had chosen to leave the company after little more than a year to pursue work in the private equity field and has been replaced. Peter Niculescu, will take on an expanded role.

One of the oldest and most innovative search engine marketing companies, Metamend continues to chart the direction of the search marketing industry by recognizing change and developing a set of tools and services to best suit client needs. The introduction of the freshly designed website highlights the evolution of Metamend as the company expands its services to cover a larger range of critical online marketing needs.

The website gives clients and visitors expert insights into the value, practice, application and analytics of search and Internet marketing. Featuring a long list of free SEO tools and a library of search marketing articles, whitepapers, and multimedia presentations, the website presents a comprehensive overview of search and Internet marketing.

“Designed with our clients and prospects in mind, we hope Metamend’s new website is received as a useful resource”, says Metamend President Glenn Convey. “For instance, over the years, Metamend had positive feedback on our search engine optimization tool set. In the redesign, we have enhanced the tool section to give our clients a better understanding of our work. Our goal is to give people something of value and we think we’ve accomplished this in the redesign.”

This commitment to value is shown in the widely read Metamend Search Marketing Blog which has been noted as a trusted and influential voice in the search marketing world. The Metamend blog continues to feature contributions from long-time search marketing expert Jim.

Metamend was founded in 1999 and boasts a talented rosters in the online marketing industry including; president Glenn Convey, VP of Sales Murray Owen, head writer Jim Hedger, and an array of experienced technical staff headed by Jade Carter. Metamend staff members routinely speak at major search marketing events such as the Search Engine Strategies and Search Marketing Expo conferences.

About Metamend Software & Design Ltd.
http://www.metamend.com/metamend-launches-new-website-for-search-marketing.html

The auction is the first of its kind in Oman, where CD auctions are reserved for the central bank will be open to local and foreign investors, Bank Muscat Chief Executive Abdulrazak Ali Issa said at a news conference.

Director of geothermal utilization at the Energy and Mineral Resources Ministry Sugiharto Harsoprayitno said Monday IP would exploit geothermal reserves in Cisolok Sukarame and Tangkuban Perahu concessions, which have capacities of 45 and 220 MW respectively.

WIKA won the bidding for the Tampomas concession, which has a capacity 20 MW.

“The two companies won tenders for the lowest geothermal electricity price they offered to state power firm PT PLN. They are the first companies to win geothermal tenders held by the regional government,” Sugiharto said. thejakartapost.com

The current raise in the debts means that consumers may come across with problems relating to demand management, monetary commitments and even transport expenses. Men are the worst affected by this problem. An average man is shown under the unsecured debts of 9,500 pounds (which is around 13% rise in the preceding 3 months) while women are in much comfortable position, sitting pretty with a total average debt of 8,670 pounds.

Due to this needless financial shortcoming, more and more people are now resorting to insolvency which heavily comprises of men. Many people are also considering the option of IVA (Individual Voluntary Arrangements). According to Andy Davie, spokesperson, IVA and a renowned writer on debt told the press, “ The credit squeeze has left people with far fewer options when trying to deal with rising unsecured debt. The normal boulevard of remortgaging to pay off unsecured debts has been severely narrowed and the reduction of mortgage products available is resulting in many to consider formal insolvency.” Julian Donnelly, BankruptcyHelp representative also added that, “ It would seem that men are generally falling into debt more rapidly than women as many try to maintain their traditional role as the family’s main provider, at the expense of getting further into debt.” He further added that this could ultimately result in the increase in the number of wage earners who are opting for insolvency over the rest of the year. Currently facing ‘credit crunch’, UK economy is hopeful of getting out from this one.

For more information on the subject of this news, or for a sample, copy or demo, please contact webmaster or visit http://www.online-unsecured-loans.co.uk/

London (Shakespearefinance) August 21, 2008: According to FSA, mortgage lenders have shown a lot of immaturity while tackling their customers with bad credit history. This harsh statement has come after, FSA observed a considerable rise in the number of house repossessions. This has resulted in the decrease in the number of residential loans request. According to FSA, the total sum lent as a part of residential loans, stood at 102 billion pounds in the earlier period. But now it has gone down to as low as 75 billion pounds.

Presently facing ‘credit crunch’, FSA has requested all the moneylenders to acquire a more mature outlook while dealing with customers who are finding it extremely hard to discharge their financial obligations. FSA has also asked them to resort to legal action, only if there is no other option left. They have also asked customers to get their priorities right, before availing loan. If confused, they can certainly take the help of financial consultants. FSA, in a bid to implement TCF guidelines strictly has claimed to be severe on those who were found guilty of not following the rules and regulations appropriately.

FSA also expressed that most of the culprits are the minor specialist loan providers. Also many firms were found guilty of having a poor infrastructure for educating people properly about the pros and cons about a particular loan. FSA has also asked loan providers to provide more flexible repayment options. They also asked companies to be more careful in future regarding the procedure that is being adopted by loan providers is fair enough or not.

For those who are facing difficulties in raising deposit for property in adverse market conditions, availing loan at cheap rate of interest may be a good option.

For more information on the subject of this news, or for a sample, copy or demo, please contact webmaster or visit http://www.shakespearefinance.co.uk/

(Fayetteville, NC) In July, more than 10,000,000 people used tyBit (www.tybit.com) a revolutionary new search engine to find their way across the Internet. Searches are doubling every month according to company officials. tyBit’s has added a channel reseller program called “AdVAR” for Advertising Value Added Reseller (www.tyBit.com/advars.php). AdVAR is a new and unique interactive advertising program designed to help, search engine affiliates, third party web hosting providers, and advertising agencies, create or expand their revenue opportunities in the multi-billion dollar on-line paid search industry. tyBit AdVAR’s receive a 20% commission on all advertising they purchase and manage for their clients. “The beauty of becoming a tyBit AdVAR is the ability to monetize your existing client base by providing online advertising. Early adopters can create an account for a mere 10 dollars until September 1, 2008. After Labor Day, the account set up charges will climb to $100.00. In comparison to the revenue potential of an AdVAR those are relatively nominal amounts to get started beyond that initial cost all you need is a computer and an Internet connection.” says Mike Noble, Director of Strategic Partnerships for tyBit.

In mid-June, tyBit announced the first production release of the long-anticipated tyBit search engine and toolbar. The innovative new search system is on schedule for a third quarter 2008 release, when partners, affiliates and advertisers will be able to sign up and begin using the application for profit. The tyBit ADVAR program allows value-added resellers to provide low cost, highly effective advertising to their existing clients. “We did this over thirteen years ago with web hosting with great success,” said Clarence Briggs CEO and Founder of tyBit and AIT (Brigg’s first multi-million dollar company). “Our advantage then and now is our large reseller base and their individual customer bases and presence within their communities. We don’t have to find users or advertisers, our partners and AdVARS do this. While we benefit from a lower marketing expense our resellers get to put personalized service back into an Internet ‘faceless’ business like paid search advertising.” Briggs and company predict that they will rapidly capture market share because tyBit revolves around serving its partners, advertisers and end users with superior search results and an unheard-of revenue share – up to 40% of gross.

By design, tyBit is a major shift for the online search industry, moving away from the centralized search engine model to a patent-pending, decentralized application that distributes web crawling, indexing, and browser content delivery. According to Sean McCoy, Chief Marketing Officer of the company, “tyBit will change the way we search and buy, and now with our AdVAR program anyone can become an Internet based ad agency with just a few clicks of the mouse.” The primary reason why small businesses and large enterprises alike should seriously consider tyBit is the highly lucrative PPC (Pay-Per-Click) ad module. “We have 6,000 advertisers using our PPC module in beta alone,” says Kitti Jo Finch, tyBit General Manager who expects to see a serious reaction to the AdVAR program. “We anticipate a rush of AdVAR signups by Ad Agencies, Webmasters and consultants who want to help their clients manage cost effective interactive advertising campaigns.”tyBit is an interesting initiative. It combines unique technology with a business model that allows traditional media to get back into the game and earn their share in the advertising market,” comments Paul Stapleton, managing director of DH Capital, LLC.

There are approximately 12 million small businesses in the USA but only an estimated 300,000 have a legitimate web presence, and even fewer still understand online advertising. Given these facts, the localized relevant search delivered by tyBit, combined with the millions of potential customers seeking products and services online, means the Affiliate/AdVAR offers real potential to dynamic Internet services entrepreneurs. It’s an interesting development that we will definitely keep our eye on,” says Berge Kaprelian, president and CEO of Beka Publishing and Channel Vision Magazine.

tyBit is a member of the Interactive Advertising Bureau, an industry trade association dedicated to maintaining the highest standards in online advertising. tyBit Inc. began development of its search engine and social network in late 2006, its beta version in the second quarter of 2008 and will “go live” end of third quarter 2008. “I have been one of the Beta advertisers,” said Wally Bell. “I am extremely impressed with the tyBit ad module, reports and results of my online PPC campaigns, so I will be advertising after the Beta.”

tyBit is affiliated with AIT (www.AIT.com), a technology company that has achieved 11 straight years of sustained profitability and has generated $100s of millions in revenue while creating a profound economic influence on its surrounding community. AIT has been named 2 times to the Inc. 500 list of fast growing firms, 3 times to the Deloitte & Touché Fast 500 list, and has been previously named as the NC Entrepreneur Firm of the Year.

The AxisMobile acquisition aims to make Synchronica the leading player in mass market mobile email and synchronization middleware for mobile operators and service providers. The addition of AxisMobile’s complimentary technology, customer base, and routes to market, combined with the injection of USD 10 million of additional funds will enable Synchronica to provide mass market mobile email solutions that work on more than three billion mobile phones in the market today.

AxisMobile’s consumer mobile email platform complements Synchronica’s award-winning Mobile Gateway software by adding email-to-SMS and email-to-MMS gateways, as well as a clientless solution for WAP / XHTML browser access. AxisMobile’s patented Optimizer email transcoding gateway further adds the ability to display a large variety of attachments, such as Word, Excel, and Powerpoint presentations on standard feature phones handsets that would otherwise be unable to support such functionality.

The AxisMobile acquisition will also enlarge Synchronica’s footprint in emerging markets by adding a strong sales force and key customer contracts in the relatively untapped areas of Eastern Europe, Commonwealth of Independent States (CIS), and Russia to Synchronica’s existing sales presence in the Middle East, Africa, and Latin America. Currently, AxisMobile has eight live customer installations with major mobile operators, predominantly in Central and Eastern Europe (CEE) and China.

Customers include: MTS, the largest mobile operator in Russia and CIS with 84 million customers; Megafon, a Russian mobile network operator with 34 million customers across 88 regions of the Russian federation including its Moscow subsidiary Sonic Duo; T-Mobile; IXI Mobile, consumer back-ends for USA, Switzerland, Turkey, Uruguay; E-Plus, Germany’s third largest mobile network operator with 13.6 million customers; as well as a major Chinese bank.

AxisMobile has also secured contract wins with a leading Ukrainian mobile network operator, a further leading tier one Russian mobile network operator, and a leading Swiss mobile network operator.

Commenting on the acquisition, Synchronica CEO Carsten Brinkschulte says: “The fundraising and the acquisition of AxisMobile is a dramatic acceleration for Synchronica, and I believe that it will build value for our shareholders. We aim to build a world leader in the market of consumer mobile email and synchronization solutions, and this acquisition is a key milestone which will improve our competitive positioning and accelerate our commercial growth. It will increase our ability to sell to customers, particularly to those in emerging economies where we see the largest potential growth for mobile email and synchronization. With the fundraising and the acquisition of AxisMobile, Synchronica now has sufficient mass and funding to take advantage of the outstanding opportunity to exploit the commercial potential of mass market mobile email. The next few years will be an exciting time for us all here at Synchronica and for our customers around the globe. We look forward with increased confidence from this inflect on point.”

Shai Schiller, Executive Chairman of AxisMobile, adds: “This is the start of an exciting new era for AxisMobile and our customers. There are real synergies between Synchronica’s products and target markets and our own, so it makes great commercial sense to combine forces. Both companies are committed to open standards and to developing products that work on even the most basic of handsets - a must given that the market for mass market mobile email is being fuelled by demand from the developing world. We are confident that the combined might of our two companies will prove to be greater than the sum of its parts.”

Forecasts point to emerging markets as a breakthrough area for mass market mobile email. Informa predicts that there will be 4.81 billion mobile phone subscribers by 2012, with the next billion subscribers coming from emerging markets where PC and fixed-line penetration is low.

Synchronica’s Mobile Gateway delivers push email and mobile synchronization of calendar and contact data, targeting consumer and business users with connectors to mass market mailboxes, such as Yahoo or Gmail, as well as business mailboxes, such as Microsoft Exchange or Lotus Domino. Unlike other solutions, Mobile Gateway does not require users to install additional software on the handset or behind the firewall and instead uses the dominant open industry standards Push IMAP and SyncML (OMA DS) to synchronize the built-in email and PIM applications pre-installed on more than 1.5 billion handsets in the market.

With the injection of AxisMobile technology, even the most basic phones will be able to send and receive email, further expanding the addressable market for Mobile Gateway in the consumer sector and in particular in emerging markets where low-end devices are dominating the market.

Virtual Press Conference on the Announcement

Synchronica will be hosting a virtual press conference on August 18, 2008, 11.00 BST, for members of the press and analyst communities. In addition to a presentation by Carsten Brinkschulte, Synchronica’s Chief Executive Officer, Paul Cornelius the industry-respected analyst from FinnCap will add his perspective to the announcement.

Access to the web conference can be obtained by emailing david.clark@synchronica.com on 18 August before 10:30 U.K. time.

About AxisMobile

AxisMobile was founded in early 2000. It is a leader in the emerging market of consumer mobile email which allows consumers to access email via mobile telephone handsets. AxisMobile’s objective is to provide software that drives the mass market adoption of mobile email and related products by making multimedia information portable, ubiquitous, and easy to access on subscribers’ existing mobile handsets at an attractive cost. AxisMobile’s email platform provides a one-stop-shop for consumer mobile as it supports Web, WAP, IMAP4, MMS, SMS, and J2ME interfaces. Such interfaces cover most methods of transmitting mobile data communications. AxisMobile’s platform means that mobile operators no longer need to integrate platforms from different vendors. This reduces costs. AxisMobile aims to leverage customer relationships by offering additional products and services based on its technology platform, hence producing cross sales and increasing the value to customers and to its shareholders. Further information on AxisMobile is available from the web site http://www.axismobile.com

About Synchronica

Synchronica plc develops and markets industry standard mobile email and synchronization solutions for the vast majority of devices in the market today. Mobile operators, device manufacturers, and service providers in emerging and developed markets use Synchronica products to offer mobile email, PIM synchronization, and backup and restore services to their consumer and corporate customer base. Products include the push email and synchronization solution Mobile Gateway and the mass market device backup solution Mobile Backup. Headquartered in the U.K., with a development center in Germany and presences in the USA, Hong Kong, and Dubai. Synchronica plc is a public company traded on the AIM list of the London Stock Exchange (SYNC.LN). More information is available at http://www.synchronica.com

The announcement was made today by Philip A. Odeen, non-executive Chairman of the Board of Convergys, who in welcoming Mr. Nelson to the Board said: “Ron’s deep business and financial experience will be of great value to us during a challenging time for the business. Ron has extensive experience in services businesses and deep involvement in both acquisitions and divestitures.”

Mr. Odeen also said that Sidney Ribeau, Ph.D., the outgoing President of Bowling Green State University, was resigning from the Convergys Board. Dr. Ribeau has recently been named the 16th President of Howard University in Washington, D.C. Mr. Odeen thanked Dr. Ribeau for his years of service as a Board member to Convergys and regretted that the demands of his new role at Howard resulted in his decision to resign from the Board. “We are losing a valuable colleague and a good friend. The Board and I will miss him greatly.”

Prior to his role at Avis Budget Group, which is the successor entity to Cendant Corporation following the spin-offs of the Cendant Real Estate and Hospitality Operations, Nelson, 56, served as President, Chief Financial Officer, and a Director, of Cendant. In those capacities, he was responsible for strategic and financial planning, treasury, financial reporting and accounting, internal audit, tax, investor relations, and corporate communications, as well as the administrative functions that served Cendant’s business units.

Prior to joining Cendant, Nelson served as Co-Chief Operating Officer of DreamWorks SKG since that company’s founding in 1994. Nelson also served as Executive Vice President, Chief Financial Officer, and a Director at Paramount Communications, Inc., formerly Gulf & Western Industries, Inc., where he was responsible for all financial functions, including mergers and acquisitions and strategy.