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EVCA.OB, FNGN, FISI, & FNSR: Finisar Corporation Acquires Broadway Networks, Ltd


 

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EVCARCO (OTC:EVCA),

EVCARCO (OTC.BB:EVCA - News) is pleased to present to the shareholders of EVCARCO the latest update from its Italian manufacturer TAZZARI.

FROM TAZZARI GROUP ITALY www.tazzari-zero.com

Over 6 months have passed since ZERO was launched. While a discerning public admires its technological features, ecological concept, its design and the performance of this all-electric vehicle built using cutting-edge techniques, the TAZZARI team is busy planning and defining the vehicle's coming innovations.

What's in store for 2011:

Planned for spring next year there will be a number of innovations that are currently at an advanced stage of development.

These include a driver control panel with touch-screen technology. Part of the dashboard, the new control panel will give the driver easy, finger-tip control over a range of vehicle functions. Its design is essential and ultra-modern and this instrument represents a major innovation in the automotive sector, bringing it closer to that of latest-generation communication devices such as the iPod.

Externally, there will be a number of new optional features such as LED lights and front fog lamps. As far as drivability is concerned, adjustable suspensions are being developed to suit all road types, from urban freeways to off-road surfaces. Further developments for ZERO remain top-secret for the time being, but will be disclosed at the end of the year and will be available in 2011.

Spring 2012 will see the Roadster take to the roads.

Just 18 months before we will see the open top version of the TAZZARI ZERO ready for those star-filled summer nights. Available in Spring 2012, the TAZZARI ZERO Roadster is perfect for the free-spirited lovers of driving sensations.

Click on the following link in this newsletter to view a sneak preview of the official design concept and give us your opinion: http://www.tazzari-zero.com/index.asp?lan=eng&pag=ZERO%20Roadster

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About EVCA:

EVCARCO is the first automotive retail group dedicated to deploying a coast-to-coast network of eco-friendly dealerships and vehicles.and vehicles. EVCARCO is bringing to market the most advanced clean technologies available in plug-in electric, alternative fuel, and pre-owned hybrid vehicles. EVCARCO has developed a dealer network allowing growth into most US States by 2012.

EVCA has alternative fuel vehicles, plug-in electric cars, hydrogen fuel injection cars , and hybrid systems from well-known auto makers and eco-friendly car makers you haven't heard of…yet.

The company, which is focused on the sale of alternative energy vehicles, has seen a dramatic increase in inquires from South America as well as specific government requests to supply all electric units for fleet use.

To See The Vehicles EVARCO Has To Offer, Go To: www.evcarco.com.

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Financial Engines (NASDAQ:FNGN)

Financial Engines is the leading independent investment advisor committed to providing everyone the trusted retirement help they deserve. The company helps investors with their total retirement picture by offering personalized retirement plans for saving, investment, and retirement income. To meet the needs of different investors, Financial Engines offers both Online Advice and Professional Management. Co-founded in 1996 by Nobel Prize-winning economist Bill Sharpe, Financial Engines works with America's leading employers and retirement plan providers to make retirement help available to millions of American workers.

Financial Engines, the leading independent provider of investment management and advice to participants in retirement plans, called for plan sponsor involvement, flexibility and choice in the development of retirement income solutions at this week's joint hearing on lifetime income options for retirement plans hosted by the U. S. Department of Labor's Employee Benefits Security Administration (EBSA) and the Department of the Treasury.

Financial Engines' testimony, delivered by Christopher Jones, Financial Engines' executive vice president of investment management and chief investment officer, emphasized that defined contribution plans and plan sponsors must play a significant role in helping 401(k) participants generate retirement income. The company called for flexibility and choice on behalf of 401(k) participants and plan sponsors, emphasizing the complexity and high stakes involved in turning accumulated 401(k) assets into retirement income. Financial Engines believes that any proposed default retirement income solution must avoid placing participants into a situation where they could permanently lose access to their money without having made an explicit choice.

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Financial Institutions, Inc. (Nasdaq:FISI)

Financial Institutions, Inc. provides diversified financial services through its subsidiaries, Five Star Bank and Five Star Investment Services, Inc. Five Star Bank provides a wide range of consumer and commercial banking services to individuals, municipalities and businesses through a network of over 50 offices and more than 70 ATMs in Western and Central New York State. Five Star Investment Services provides brokerage and insurance products and services within the same New York State markets. The consolidated entity employs over 600 individuals.

Financial Institutions, Inc. announced that its Board of Directors declared a cash dividend of $0.10 per common share. The Company also announced dividends of $0.75 per share on Series A 3% Preferred Stock and $2.12 per share on Series B-1 8.48% Preferred Stock. All dividends are payable on October 4, 2010 to shareholders of record on September 13, 2010.

Peter G. Humphrey, President and CEO stated, "Declaring this quarterly dividend is a reflection of our confidence in the future performance of the company. Our strong second quarter earnings reflect the ongoing efforts to unlock our full potential."

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Finisar Corporation (NASDAQ:FNSR)

Finisar Corporation, a global technology leader for subsystems and components for fiber optics communications, today announced that it had acquired Broadway Networks, Ltd., for an undisclosed sum in an all-cash transaction.

Broadway Networks, Ltd., was started in 2006 to develop transceiver products that incorporate additional "system level" functionality for FTTx networks. Broadway has developed a pluggable transceiver that incorporates an EPON ONU in an SFP and enables switches, routers and other customer premises equipment (NYSE:CPE) to connect directly to PON networks. This "System on a Transceiver" approach offers particular advantages in the case of PON networks that are deployed for broadband services to multi-dwelling units, businesses and for wireless backhaul. Finisar expects to follow a product roadmap which will eventually extend Broadway's innovative technology to the GPON market. According to industry analyst Ovum, approximately 65% of new EPON subscribers and a smaller but growing percentage of GPON subscribers reside in multi-dwelling units.

Broadway has also developed a "Smart SFP" with built-in remote management functionality designed to enable telecom carriers to monitor and diagnose the fiber links connecting customer sites, and reduce operating costs in the process.

 

 

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