Palangkaraya Post News

press release

With the decade of developmental endeavors, Pulian International Enterprise Co., LTD (Pulian) makes a good performance on manufacturing high-quality waste recycling machinery based on customer orientation and merged with the idea of environmental protection.

(PRWEB) — As a well-experienced plastic and rubber processing machinery manufacturer, Pulian International Enterprise Co., LTD. (Pulian), officially founded in 1994 and located in Taichung, Taiwan, has been well-known for high technology and high quality since its first product – Auto Mix AM Series – was released to market. Holding a factory area of 100m and 4-person workforce only in the beginning, Pulian now makes a successful enlargement on a total factory area of 5,000m and 35-person workforce to fulfill all the machinery and production requirements of plastic crusher equipment, plastic granulator equipment, plastic recycling machines, etc.
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Citing Low Corporate Governance Score from Leading Proxy Firm RiskMetrics Group, Software Industry Professional and Experienced Micro Cap Investor Announces his Intentions Relating to Asure Software Going-Private Proposal

Phoenix, AZ (PRWEB) — Michael Chadwick, a private investor who currently holds 500,000 shares of Forgent Networks, Inc. d/b/a Asure Software (“Asure”) representing approximately 1.6% of Asure’s outstanding shares, citing independent research by a leading corporate governance rating agency, expressed his displeasure with the current management and Board of Directors of Asure and announced his intent to vote against the go-private proposal.

As of May 7, 2009, proxy advisor RiskMetrics Group (a.k.a. Institutional Shareholder Services) reported Asure Software’s Corporate Governance Quotient (CGQ®) was 81.4% worse than all Software and Services companies in its industry group (Source: Yahoo Finance). According to RiskMetrics Group’s website, the corporate governance rating is derived by scoring 7,400 universe companies individually using 63 variables across four chief criteria: 1) board of directors, 2) audit, 3) anti-takeover provisions, and 4) executive and director compensation.
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The Internal Revenue Service has awarded almost $8 million in matching grants to support its Volunteer Income Tax Assistance program.

Under the VITA Grant Program, the IRS awarded matching grants to 111 organizations that plan to offer free tax preparation sites in 2009. The sites will be located in all 50 states and the District of Columbia.

“This is the first time we’ve been able to provide matching grants to support the VITA program. These grants can be used to expand free services to some of the millions of taxpayers served each year by these VITA sites and their volunteer tax preparers,” said Richard E. Byrd, Jr., IRS Commissioner, Wage and Investment Operating Division.
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The recent $700 billion rescue package to bolster the financial system also threw a lifeline to thousands of people who owed taxes on stock options dating to the technology-stock crash of 2000.

Some individual tax bills exceeded $1 million for shares that later plunged in value. A five-paragraph section tucked into the bailout bill effectively erased those taxes, at an estimated cost to the Treasury of $2.3 billion.

Most of the people affected weren’t top executives, but lower-level workers and middle managers at tech firms in the 1990s. Stock options give holders the right, but not the obligation, to purchase stock at a preset price, known as the strike price. For most stock options, holders must pay income tax on the difference between the strike price and the share price when the options are exercised, or converted to shares.
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Remember those economic-stimulus checks the government was handing out this year? Many taxpayers didn’t qualify for the full amount — or for any payment at all — because their 2007 income exceeded a certain threshold.

But many people who lost their jobs this year, or whose incomes fell for some other reason, will get a second chance next year, thanks to a little-noticed tax-law twist.

Like many other people, Colleen Kilbreath of Westminster, Colo., thought eligibility for the program was based solely on what she had reported on her tax return for 2007 — and assumed she wouldn’t get anything because her income for that year was too high. Ms. Kilbreath, a construction-project manager, was laid off in June “and could really use the assistance,” she wrote in a recent email.
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Japan’s Panasonic Corp. will enter talks to buy rival Sanyo Electric Co., the two companies announced Friday, in a deal precipitated by the global economic turmoil.

Sanyo, a world leader in fast-growing businesses like solar power and batteries for electronics and cars, said financing the huge investments needed to expand production had become increasingly precarious. Meanwhile, Panasonic said it is looking for new engines of growth as it braces for a tough economic climate and sluggish demand in Japan, its main market.

The deal would also allow Goldman Sachs Group Inc., one of Sanyo’s biggest shareholders, to offload a key investment in Japan and bolster its balance sheet. Goldman and Japanese financial companies Sumitomo Mitsui Banking Corp. and Daiwa Securities SMBC Co. together acquired Â¥300 billion in preferred shares in 2006.
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