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CDC reverses deficit to P28 M retained earnings

| Thursday, April 13, 2006

By BERNIE CAHILES–MAGKILAT

For the first time since its establishment 13 years ago, Clark Development Corp. achieved a positive retained earnings of P28.2 million from a deficit of P67.66 million.



CDC documents showed that the state-owned firm’s financial position is going towards a positive track.

CDC president Antonio R. Ng said the company’s revenues increasedby P64.2 million last year or 11 percent compared to 2004, primarily due to improved results of Holiday Inn and Mimosa operations.

Its net income also tripled compared to 2004 from P29.6 million to P87.4 million.

"This was achieved by primarily keeping its overall cost flat such that any incremental revenue goes to the bottomline," he said.

This has also allowed CDC to declare dividends for the first time to the national government through its parent firm, the Bases Conversion Development Authority (BCDA).

CDC has also provided financial support to its subsidiary, Clark International Airport Corp. in form of loans and operating expenses amounting to P456 million.

Last year, the Bureau of Internal Revenue and the Bureau of Customs were able to collect taxes and duties to Clark industries amounting to P1.145 billion from P913.897 million in 2004 and P366.764 million in 2003.

To further improve its services, Ng reported that its Green Lane has achieved a 95 percent on time delivery to its 10-minute goal.

The CDC has set a target to complete all processing for export, import, bring in/bring out and permit processing to only 10 minutes.

It is also moving towards paperless transactions for good governance.

Ng said the RosettaNet eCustoms trade system was adopted in Mau 2005 and is currently being piloted by Tokumi, Phil-Shin Ei, and Nanox.

The system, based on the leading international standard for business-tobusiness (B2B) transactions, will streamline import imports, export documents, and other trade document processing via online, with "faceless" transactions available 24x7.(BCM)

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Web Acceleration Now Available with MegaBoost Web Accelerator

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Up to 1400% Web Acceleration Now Available with MegaBoost Web Accelerator from i.Core.
Delta, BC, April 7, 2006: i.Core, a wholesale service provider to ISP businesses and enterprise organizations throughout USA and Canada, today announced the launch of MegaBoost, a web accelerator that delivers the next generation of web content acceleration. MegaBoost doubles the acceleration power of the current web accelerators, being up to 14 times faster than a standard 56K dialup connection. Standard accelerators are only up to 7 times faster.
"MegaBoost provides ISPs new opportunities to diversify and differentiate their product portfolio." said i.Core's CEO Amrit Dhillon. "We are continually seeking ways to improve our quality of service and deliver the latest innovations to Internet Service Providers. To our knowledge, i.Core is the first wholesale provider to make the new technology available to non facilities based ISPs."

MegaBoost combines patented image compression techniques with newly developed concurrent image delivery that enables subscribers to view higher resolution images and increasingly image rich web pages up to 14X faster! Web pages are fully viewable and usable almost immediately and maximum quality images are loaded progressively as users view the page.

MegaBoost, based on SlipStream's proprietary technology, is designed to accelerate web and email traffic for any low/mid bandwidth network connection. This means that MegaBoost can accelerate a large set of underlying network environments, including WiFi, Cellular, Dialup, ISDN and Broadband Lite. MegaBoost web accelerator is suited for connections using network bandwidth up to and including 384Kbps.

About i.Core Technologies

Since 2000, i.Core has developed enhanced and differentiated solutions to empower Internet Service Providers and telecom operators. These solutions help the ISP community offer economical and value-added services to customers.

By leveraging i.Core's B2B services, Internet providers can generate new revenue streams and enjoy a rapid return on investment without investing in expensive hardware facilities. i.Core offers products that focus on helping service providers retain and increase market share while expanding their profitability.

For more information about MegaBoost visit http://www.vispcenter.com.
For more information about i.Core visit http://www.icore.net.

MegaBoost is a trademark of i.Core Technologies Inc.

For More Information:
Beverly Cramp
Media Relations
i.Core Technologies Inc.
bcramp@icore.net

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WAR creates interactive expert for Araldite

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The creative boundaries of innovation have been pushed to the max with the latest pioneering online campaign created for Huntsman's Araldite® Adhesives by Ware Anthony Rust (WAR).

WAR's original brief was to develop a simple email campaign to increase customer dialogue and encourage interaction with their local Araldite® sales manager. WAR took the idea one step further and developed the concept of using a real live person to engage with the audience online.

Customers click on a website banner 'Ask the Expert' and are taken to a simulated movie, where a virtual expert encourages them to ask a question. The pre-recorded footage consists of an actor delivering a series of scripted lines to the camera, edited to work as an interactive tool. The illusion of a real live expert is all the more convincing when he remembers the visitor if they choose to return and pose another question.

Confident in their expertise, Huntsman sent structural engineers across Europe an email challenging them to come up with an adhesive-related question the expert couldn't answer and they responded in droves.

WAR account director Gareth Brookman commented: 'The campaign is a great example of the way we're embracing the new digital opportunities and executing them with good old fashioned strategic insight and creativity. The way the movie is scripted and edited essentially predicts how most conversations will go - so users feel they are almost interacting with a live person online. It's been very successful in dramatising the expert credentials of the brand, opening up dialogues and relationships with our target audience, and providing hard sales leads for Huntsman.'

WAR provides a seamless communications service for a host of clients in B2C, B2B and healthcare sectors, bringing together talented and creative individuals with specific expertise in their own fields.

The agency disciplines of advertising, design, public relations, interactive and direct marketing are blended to give clients holistic, strategic and creative campaigns, or offered independently to suit client needs.

WAR works with international and national companies based across the UK and overseas including: Multiyork, Van Dal, Acushnet (Titleist, FootJoy and Cobra), Johnson & Johnson, Huntsman (Araldite), Corgi Toys, Corinthian, Sekonda, Mundipharma, Plasti-kote, Linx Printing Technologies, Visa Europe, Zapf Creation, Stream Foods and Cambridgeshire Horizons.

reference: http://war.uk.com

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