PROFNET EXPERT ALERTS: Business & Technology
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Jan. 22, 2008 1. Advertising: Super Bowl Advertising 2. Advertising: Companies Forthcoming with Super Bowl Advertising Plans 3. Automotive: PHEVs and the Hybrid Car Market 4. Business: Interim CEOs Provide 'Change Agent' for Transformations 5. Business: NASCAR Sponsorships 6. Business: Talent Retention During Layoffs 7. Business: Effect of a Weak Dollar on U.S. M&A Activity 8. Business: Proposed ID Theft Law Threatens to Steal from Small Businesses 9. Finance: Wesley Snipes' Tax Trial and Advice for Others in Same Boat 10. Finance: Savvy Retirement Planning 11. Personal Finance: Credit Score Optimization Critical in 2008 12. Technology: Nanotechnology in Consumer Products 13. Workplace: Anti-Discrimination Policies Often Poorly Communicated **1. ADVERTISING: SUPER BOWL ADVERTISING. TIM CALKINS, clinical professor of marketing, Kellogg School of Management at NORTHWESTERN UNIVERSITY: "There is no question that the Super Bowl is the biggest advertising event of the year, and that's been the case for a long time. What's amazing is that the Super Bowl keeps getting more and more important." During the broadcast of Super Bowl XLII, both perennial advertising powerhouses and newcomers alike will spend an unprecedented $2.7 million dollars to secure one 30-second spot. The high demand for ad space fueled this record average price tag, setting the stage for arguably the most anticipated Super Bowl advertising display ever. Calkins is available to comment on the added pressure advertisers are under, what to expect differently in Super Bowl XLII, criteria for an effective Super Bowl ad and the best Super Bowl ads of the past. News Contact: Mavourneen Ryan, Mavourneen.Ryan@mslpr.com Phone: +1-312-861-5247 (1/21/08) **2. ADVERTISING: COMPANIES FORTHCOMING WITH SUPER BOWL ADVERTISING PLANS. DEREK RUCKER, assistant professor of marketing, Kellogg School of Management at NORTHWESTERN UNIVERSITY: "There is added pressure this year because companies are more forthcoming with their Super Bowl plans. By building expectations in the mind of your consumer, you better deliver." During the broadcast of Super Bowl XLII, both perennial advertising powerhouses and newcomers alike will spend an unprecedented $2.7 million dollars to secure one 30-second spot. The high demand for ad space fueled this record average price tag, setting the stage for arguably the most anticipated Super Bowl advertising display ever. Rucker is available to comment on the added pressure advertisers are under, what to expect differently in Super Bowl XLII, criteria for an effective Super Bowl ad and the best Super Bowl ads of the past. News Contact: Mavourneen Ryan, Mavourneen.Ryan@mslpr.com Phone: +1-312-861-5247 (1/21/08) **3. AUTOMOTIVE: PHEVs AND THE HYBRID CAR MARKET. STEVEN LETENDRE, professor and energy economist at GREEN MOUNTAIN COLLEGE in Poultney, Vt., and one of the nation's leading experts on plug-in hybrids and V2G, can discuss what Toyota's PHEV will mean to the hybrid car market: "This (PHEV) is the next generation of vehicles. A hybrid that gets 60 miles per gallon can get the equivalent of 100 mpg after it is converted to a PHEV, with the additional miles as a cost equivalent of a dollar a gallon." Letendre and his students are currently testing the performance of a plug-in hybrid for Central Vermont Public Service. News Contact: Laura Snyder, laura@dickjonescomm.com Phone: +1- 814-867-1963 (1/16/08) **4. BUSINESS: INTERIM CEOs PROVIDE 'CHANGE AGENT' FOR CORPORATE TRANSFORMATIONS. RON NORELLI, chairman of THE NORELLI GROUP, a high-level advisory firm for private equity firms: "Companies in need of a quick infusion of transformative thinking may be well served to bring in an interim CEO to serve as a change agent. If the current CEO had the ability to fix the company, that person would have already done so. An interim CEO must be able to assess a situation quickly, generate consensus around a solution, gain credibility and implement needed changes, which might include cost reductions, implementation of new business strategies or creation of a bridge between generations in a family-owned business. Many interim CEOs are willing to share the risk by tying their compensation to the achievement of specific financial goals." Norelli can provide a comprehensive review of the role of interim CEOs, including how to select a temporary chief executive and expectations for this individual. News Contact: Michael Henry, mhenry@wrayward.com Phone: +1- 704-926-1364 (1/21/08) **5. BUSINESS: NASCAR SPONSORSHIPS. DARREN MARSHALL, a noted market research specialist, has worked with NASCAR sponsors such as Miller, Home Depot and Supercuts: "Season-long TV ratings for the NASCAR Sunday cup races, the most important in the sport, dropped 18 percent in 2007 from their record-high year of 2005. With the 50th running of the Daytona now only a month away, the perceived slowdown in growth has forced NASCAR teams, sports marketing firms and sponsors to look closely at the business side of NASCAR." Marshall is available to speak on advice for new and existing NASCAR sponsors, including proven strategies to maximize those sponsorships, as well as the landscape of NASCAR and sports in general, from a business perspective. News Contact: Dan Lobring, dlobring@revolutionworld.com Phone: +1-312-529-5833 (1/21/08) **6. BUSINESS: TALENT RETENTION DURING LAYOFFS. Bob Kustka, a former Gillette HR executive and current HR consultant, can discuss talent retention during layoffs in light of forecasted large layoffs for 2008: "When businesses release employees, they need to make sure that retaining and recruiting skilled talent remains a priority or risk struggling to rebuild their personnel when the economy improves. Smart HR professionals will continue to invest in a staffing strategy that will pick the talent that will impact their company in the future." News Contact: T.K. Hall, tk@ictusinitiative.com Phone: +1-617-717-8294 (1/21/08) **7. BUSINESS: EFFECT OF A WEAK DOLLAR ON U.S. M&A ACTIVITY. TRACY LARSEN, managing partner of BARNES & THORNBURG's Grand Rapid, Mich.-based office, co- chair of the firm's business department and member of the management committee, is available to discuss the outlook for the M&A landscape in 2008: "With the dollar continuing to fall against foreign currencies, 2008 should see a great deal of M&A activity involving deals initiated by foreign corporations. A weak dollar generally encourages foreign investment, and with nearly half of all deals in the fourth quarter of 2007 having buyers from outside the United States -- more than $100 billion worth -- I expect this trend will continue deep into 2008." Larsen is a nationally recognized expert in corporate law, and is ranked one of the nation's top corporate attorneys by "The Best Lawyers in America" guide. Larsen has extensive experience in representing both domestic and foreign corporations in their acquisition strategies, and can offer an insider's view on deals in 2007, as well as what the business community can expect to see in 2008. News Contacts: Patrick Kane, pkane@lambert-edwards.com or Kristen Heffern, kwrightheffern@lambert- edwards.com Phone: +1-616-233-0500 (1/21/08) **8. BUSINESS: PROPOSED MASSACHUSETTS ID THEFT LAW THREATENS TO STEAL FROM SMALL BUSINESSES. MARK SCHREIBER, chair of the privacy group at Boston-based law firm EDWARDS ANGELL PALMER & DODGE: "In the wake of recent data security breaches at The Boston Globe and The TJX Companies Inc., we need stronger identity theft guidelines to protect consumers. However, the regulations proposed by the Massachusetts Office of Consumer Affairs and Business Regulation are so sweeping that many small businesses will be unable to meet them. State officials have to do a better job of educating businesses about the regulations and allow a grace period to comply once they go into effect. Businesses have until Jan. 25 to make their viewpoints heard before the public comment period closes." News Contact: Michelle Tsai, Michelle.Tsai@hillandknowlton.com Phone: +1-212-885-0366 (1/21/08) **9. FINANCE: WESLEY SNIPES' TAX TRIAL AND ADVICE FOR OTHERS IN SAME BOAT. RICHARD BOGGS, founder and president, NATIONWIDE TAX RELIEF: "High-profile entertainment figure Wesley Snipes is going to trial this week in Florida over what could be up to $15 million in back taxes. Does Snipes have a chance with his defense that he didn't know he owed the taxes? That's unlikely. Snipes should just admit that he made a mistake and try to make a deal with the feds. It's never too late to make a deal with the IRS." Boggs can provide advice for Snipes and others finding themselves up against the long arm of the IRS. He handles tax debts for individuals and companies with a minimum debt of $10,000, and has settled problems for as big as $50 million. He's based in L.A. and has plenty of entertainment experience to back up his perspective. News Contact: Sean Mahoney, smahoney@inkincpr.com or +1-310-867-0670 Web site: http://www.nationwidetaxrelief.com (1/21/08) **10. FINANCE: SAVVY RETIREMENT PLANNING. ALAN KLAYMAN, finance expert and founder of MYINCOMESTRATEGY.COM, can address savvy retirement planning: "It's time to recession-proof your retirement income. How many 300+ point drops in the Dow does it take until you realize that having your retirement income depend on the movement of the stock market month to month is a dangerous game? For some, it won't happen until they have to liquidate positions to produce an income. At that point, they'll decide there is nothing they want to sell. Too many funds are depressed, or the outlook for some stocks/funds looks too promising. But people who have relied on the stock market alone have no choice; they have to sell. Unfortunately, this realization happens after the plunge. I advise people to stop relying on models that try to predict the future. Instead, they should choose an income strategy that ignores monthly market volatility. It's time to make smart choices so you don't run out of money." News Contact: Michelle Tennant, michelle@publicityresults.com Phone: +1-828-749-3200 (1/21/08) **11. PERSONAL FINANCE: CREDIT SCORE OPTIMIZATION CRITICAL IN 2008. DAVID G. CHUNG is managing director of CREDITXPERT, the leading provider of credit optimization technology: "With the credit market tightening in 2008, credit scores will increasingly affect financial decisions. Credit scores influence mortgage rates, credit card terms, insurance rates and even employment opportunities. Consumers with high holiday credit balances may not realize their scores have dipped. To protect themselves, consumers should find out their scores and take action to improve their credit." Chung can discuss how consumers can adopt better credit practices and use credit optimization technology to improve their finances in 2008. News Contact: Denise Bauwens, dbauwens@marcomexchange.com Phone +1-610-891-7560 (1/21/08) **12. TECHNOLOGY: NANOTECHNOLOGY IN CONSUMER PRODUCTS. CATHY FLEISCHER, Ph.D., president and chief technology officer of New York-based NATURALNANO, can comment on the growth of nanotechnology in consumer products: "Nanotechnology-enabled products will redefine even the most basic of consumer goods, from creating flame resistant furniture to stronger, tear-resistant fabrics. I expect to see nanotechnology breakthroughs grow at an exponential rate, as forecasts estimate nearly $1 trillion worth of such products on the market by 2015, and more than $1.4 billion in federal R&D investment expected in 2008." Fleischer can also speak to extended-release applications, often considered the next generation of nanotechnology, which can create products such as longer-lasting perfumes or more effective sunscreens. Fleischer is a 20+ year industry veteran whose experience includes some of the most innovative polymer-based work done by Eastman Kodak. She holds a Ph.D. in polymer science from the University of Connecticut, a master's degree in chemical engineering from the Massachusetts Institute of Technology, and earned her bachelor's in bioengineering/material science from the University of Pennsylvania. News Contact: Patrick Kane, pkane@lambert-edwards.com Phone: +1-616-233-0500 (1/21/08) **13. WORKPLACE: ANTI-DISCRIMINATION POLICIES ARE OFTEN POORLY COMMUNICATED. KEVIN P. OAKES, CEO of the INSTITUTE FOR CORPORATE PRODUCTIVITY: "In many companies and organizations, anti-discrimination policies are often poorly communicated to its employees. Most companies and organizations have a formal anti-discrimination policy in place and consider anti-discrimination training to be very important. Discrimination policies are often well documented and comprehensive to serve as a buffer against litigation. However, most companies and organizations report that employee claims are frequent. Shortcomings in the communication of these policies are where we see problems. Training of front-line managers is not reinforced with any frequency. There may also be difficulty in communicating policies to employees in geographically dispersed worksites, part-time employees, seasonal employees and independent contractors. The most common discrimination complaints reported by companies and organizations revolved around the issues of race, sexual harassment, gender and age." News Contact: Patricia Vaccarino, patricia@xanthuscom.com Phone: +1-206-979-3380 (1/21/08) SOURCE ProfNet
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