Archive for the ‘Uncategorized’ Category

Real Estate Contacts Inc. Receives Approval to Trade Under Stock Symbol REAC

NEW CASTLE, Pa., March 19, 2012 (GLOBE NEWSWIRE) -- Real Estate Contacts, Incorporated (OTCBB:REAC.OB - News) is proud to announce that its shares are now publicly quoted under the stock symbol REAC. RealEstateContacts.com provides a service that enables real estate professionals to capture, cultivate, and convert leads which cater to prospective home buyers and sellers. The Company's business is conducted solely within the internet and the online video arena, which includes our real estate search engine, social community and video real estate network. We match buyers, sellers, brokers and professionals anywhere in the world through our portal website. RealEstateContacts.com is a partner for real estate professionals to market their listings and promote their services. Our goal as a real estate portal is to send consumers to the listing broker or agents website where they can find out more information about the property and the listing agent.

Robert De Angelas President and CEO, of Real Estate Contacts comments, "Real Estate Contacts is very excited to begin trading and looks forward to the future with the company's revolutionary technology that could potentially be a game changer in several different industries."

About Real Estate Contacts Inc.

Real Estate Contacts, Inc. conducts an online real estate advertising and marketing real estate portal including a real estate video listings network that offers real estate professionals the opportunity to reach consumers interested in buying or selling property in their respective geographic area through the internet and video. With our current real estate search portal http://www.realestatecontacts.com and our national real estate video listings channel http://www.realestatevideochannels.com we will operate the most definitive online real estate search portal and real estate video channel in cities across the United States. e Contacts, Incorporated

Safe Harbor Statement

This press release may contain forward-looking statements covered within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future events or revenues depend upon our ability to develop and supply products, which we may not produce today and that may need to meet defined specifications. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in pervasive markets.

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Real Estate Contacts Inc. Receives Approval to Trade Under Stock Symbol REAC

Apple Shopping Spree: What Could Tim Cook Buy

Apple says it is buying back $10 billion in stock and launching a dividend payment to spend just under half of its cash pile on shareholders in the next three years.

While Apple has avoided big acquisitions instead favoring buying smaller companies with admired technology, that other half of the pile could still go to making some pretty big acquisitions.

[More from WSJ.com: IPad Exposed]

Allow Deal Journal to imagine Tim Cook is viewing his situation similarly to Richard Pryor in Brewsters Millions. In this case Uncle Steve has left him a mountain of cash, and Tim has to spend it to make even more riches for shareholders and himself.

This is what Deal Journal sees him potentially shopping for if thats the case.

NetflixIf Apple is looking for a jolt to its entertainment business, it could find a good deal in Netflix and muscle movie studios the way it muscled music studios with iTunes. An with Apple launching into the television world, a source of streaming TV could be a big help.

Research in MotionA deal would create a behemoth in smartphone technology, so much so that Google an others would likely have a good argument for antitrust authorities to put a stop to it. But if the iPhones biggest weakness is corporate concerns about email and security, the patents RIM holds would be dear to Apple.

[More from WSJ.com: Mets Owners to Pay $162 Million to Madoff Trustee]

SamsungSee above, antitrust would be a serious headache and even Apples cash wouldnt be enough, but given that Samsung makes a lot of Apple parts. A family of iPhones on different budgets would have plenty of new demographic targets.

T-MobileMaybe Apple is content to let RIM wallow in its attempt to catch up, and would rather take to giving iPhone users the service for the device. Just like it built iTunes up to feed iPods and the App Store to sell to iPhones, Apple wants to control a users entire experience. Acquiring a cell network would do that to a new degree. (Sorry, Phil Falcone, even these money bags are unlikely to take a bet and bail you out of Lightsquared.)

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Apple Shopping Spree: What Could Tim Cook Buy

Turkish cybersquatter registers Pope Benedict's name as .xxx internet domains

March 19, 2012 - 16:02 AMT

PanARMENIAN.Net - A Turkish cybersquatter has registered at least a dozen variants of Pope Benedict's name as .xxx internet domains and is using them to promote Islam, The Register reports.

Cybersquatted sites including PopeBenedict.xxx currently proclaim "Everyone will find Islam" alongside pictures of the Quran and Kaaba.

Unsurprisingly, the sites also state that "This Web Site is For Sale".

PopeBenedict.xxx is registered to one Bulent Ozcan, a resident of Turkey, according to Whois records. Other domains evidently squatted by the same person include: josephaloisiusratzinger.xxx, josephaloisiusratzinger.com, benedictus.xxx, benedictxvi.xxx, ratzinger.xxx, xvibenedictus.xxx, xvibenedictus.com benedictusxvi.xxx pontificio.xxx holyfather.xxx and josephratzinger.xxx.

While the pope is not the first person to be cybersquatted in the new .xxx domain Sir Richard Branson recently recovered richardbranson.xxx from a squatter this does seem to be the most comprehensive effort to trash an individual by linking their name to .xxx porn (and to promote a "competitor").

The Vatican's quickest option for shutting down the domains might be to file a Rapid Evaluation Service complaint with the National Arbitration Forum, the U.S. body hired by .xxx manager ICM Registry to handle this kind of case.

RES complaints cost $1,300 to file, but cybersquatted domains can be permanently suspended in as little as two working days. Because the policy covers personal names, the Pope won't need to show trademark rights in his name.

However, it would probably be cheaper to file a complaint using the Uniform Dispute Resolution Policy, which unlike RES offers bulk discounts, instead.

The Vatican briefly got its cassocks in a twist last December when it mistakenly thought that vatican.xxx had been registered by a cybersquatter.

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Turkish cybersquatter registers Pope Benedict's name as .xxx internet domains

ICANN prez calls out own board over conflicts of interest

The board of directors of internet overseer ICANN is said to be fuming after its ethics were called into question by the organisation's outgoing president and CEO.

Rod Beckstrom, who is set to the leave the domain name policy group in July, took to the stage at ICANN's public meeting here in San Jose, Costa Rica on Monday to criticise what he called the "tangle of conflicting agendas" on the board.

ICANN must be able to act for the public good while placing commercial and financial interests in the appropriate context, he said. How can it do this if all top leadership is from the very domain name industry it is supposed to coordinate independently?

There is value in having community members with domain name industry experience but it is equally valuable to avoid even the perception of a conflict of interest, he said.

The address came a few weeks after an ICANN board meeting at which seven of its 16 directors, including the chair and vice-chair, acknowledged conflicts of interest relating to ICANN's new generic top-level domains initiative, which promises to create hundreds of new domain suffixes.

Chair Steve Crocker runs the consulting firm Shinkuro, which has a silent investment from domain name registry provider Afilias. Vice-chair Bruce Tonkin, meanwhile, is a senior executive with Melbourne IT, an Australian company that expects to help over 100 clients apply for new gTLDs.

All seven conflicted directors excused themselves from voting on or discussing new gTLDs, in adherence to new ethics rules approved by ICANN in December.

Beckstrom first raised conflicts of interest as a problem facing ICANN at its meeting in Singapore last June, just a few days before the organisation approved the new gTLD programme.

The programme enables any company to apply to run their own right-of-the-dot domain name either generic terms such as .web or .blog, geographic names such as .london, or branded extensions such as .canon and .hitachi.

The then-chair of ICANN, Kiwi trademark lawyer Peter Dengate Thrush, left the organisation shortly after the Singapore meeting to take on the well-paid executive chairman position at Top Level Domain Holdings, a start-up with big plans to apply for dozens of new gTLDs.

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ICANN prez calls out own board over conflicts of interest

GTCR Announces Investment in Zayo Group to Finance Zayo’s Pending Acquisition of AboveNet

CHICAGO--(BUSINESS WIRE)--

GTCR, a leading Chicago-based private equity firm, announced today it will invest in Zayo Group, LLC ("Zayo") to finance its pending acquisition of AboveNet, Inc. (NYSE: ABVT; "AboveNet") for $84.00 per share of AboveNet common stock and a total transaction value of $2.2 billion. As part of the transaction, GTCR will partner with Chief Executive Officer Dan Caruso and other senior executives from Zayo. Mr. Caruso and his team founded Zayo in 2006 and have built a leading bandwidth infrastructure provider with an excellent value creation track record.

AboveNet is a leading pure-play provider of fiber infrastructure services to enterprise and carrier customers in the United States and Europe. The AboveNet and Zayo business models are closely aligned with a disciplined focus on high bandwidth fiber-based communications services. The combination will create value for customers, employees and investors with a fiber network spanning 60,000 route miles.

GTCR Principal, Philip Canfield said, "We have followed the progress of Dan and his leadership team at Zayo for some time and, together, we have been looking for opportunities to do acquisitions in the bandwidth infrastructure domain. Dan and his team have a long history of success and value creation and exemplify the traits and characteristics associated with the GTCR Leaders Strategy. We look forward to working with Dan and all of Zayos existing shareholders to build upon their past success in the bandwidth infrastructure domain.

"GTCR's impressive track record of partnering with leaders to build companies through growth and acquisitions combined with their domain expertise in technology makes them a perfect partner for Zayo," commented Dan Caruso. "We are thrilled to have a new equity partner who shares our commitment to growing our business and providing vital bandwidth infrastructure to our customers."

Latham & Watkins LLP served as legal counsel to GTCR. GTCR's proposed equity investment to finance the transaction will be made from GTCR Fund X, a private equity fund raised in 2011 with $3.25 billion of committed capital.

About GTCR

Founded in 1980, GTCR is a leading private equity firm focused on investing in growth companies in the Financial Services & Technology, Healthcare and Information Services & Technology industries. The Chicago-based firm pioneered the Leaders Strategy finding and partnering with management leaders as the critical first step in identifying, acquiring and building market-leading companies through acquisitions and organic growth. Since its inception, GTCR has invested more than $9 billion in over 200 companies. For more information, please visit http://www.gtcr.com.

About Zayo Group

Zayo Group is a national provider of fiber-based bandwidth infrastructure and network-neutral colocation and interconnection services. Zayo serves wireline and wireless carriers, data centers, internet content and services companies, high bandwidth enterprises as well as federal, state and local government agencies. Zayo provides these services over regional, metro, national and fiber-to-the-tower networks. Zayos network assets include over 45,000 route miles, covering 42 states plus Washington D.C. Additionally, Zayo has approximately 5,200 buildings and 2,300 cell towers on-net, and over 94,000 square feet of billable colocation space. For more information, please visit http://www.zayo.com.

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GTCR Announces Investment in Zayo Group to Finance Zayo’s Pending Acquisition of AboveNet