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Archive for August 9th, 2013

Chin Hu Lim to join Telstra Board

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HONG KONG /PRNewswire/ — The Telstra Board today announced the appointment of Chin Hu Lim, 54, as a non-executive Director. Mr Lim is based in Singapore and will bring almost 30 years of experience in the technology sector across the Asia Pacific region.
Mr Lim is managing partner of venture capital firm Stream Global and has a professional history including Hewlett Packard, Sun Microsystems and BT Global Services.
Telstra Chairman Catherine Livingstone said Mr Lim would add to Telstra’s depth of Asian expertise as well as contributing to the company’s consideration of technology opportunities.
“Chin Hu Lim has a significant range of skills and experience to bring to the Telstra Board from the perspectives of technology, geography, healthcare, venture capital and broader pan-Asian business,” Ms Livingstone said.
“It is essential the Board continue to evolve its skills and diversity base to reflect the needs of the business and the interests of shareholders. We are very pleased Chin Hu will join us.”
Mr Lim said the Telstra position was highly aligned with his business experiences and appreciated the opportunity to join as the company extended its regional footprint. “Telstra is a successful Australian telecommunications and technology company developing its presence across Asia and I’m delighted to become part of that expansion,” he said.
Mr Lim’s firm, Stream Global is appointed by Singapore’s National Research Foundation to provide seed funding for technology startups. His current Board positions include Kulicke & Soffa Inc (NASDAQ: KLIC), a semiconductor equipment assembly manufacturer; G-Able, an IT systems integration and professional services company in Thailand; Changi General Hospital and Integrated Health Information Systems, a healthcare IT services solutions provider for public hospitals in Singapore. He serves as a council member in the Singapore Institute of Directors and Infocomm Development Authority — Personal Data Protection Advisory Committee. Previous directorships include Director/CEO of Frontline Technologies and BT South East Asia.
Mr Lim started his career in Hewlett Packard and held various sales, marketing and management positions with HP in Singapore, Melbourne and south-east Asia. He was previously Managing Director for Sun Microsystems in Singapore and country director for Sun in Thailand, Indonesia, Philippines and Vietnam. He holds a Bachelor of Applied Science from La Trobe University in Melbourne and a Diploma in electrical and electronics engineering from Ngee Ann Polytechnic in Singapore.
Mr Lim’s appointment is effective 9 August 2013. He will stand for election by shareholders at Telstra’s next annual general meeting in Sydney on 15 October.
Upon this appointment, the Telstra Board will comprise Chairman Catherine Livingstone, CEO David Thodey and directors Geoffrey Cousins, Russell Higgins, Chin Hu Lim, John Mullen, Nora Scheinkestel, Margaret Seale, Steven Vamos and John Zeglis.
Media contact: Jason Laird +61 488 126823
Email: media@team.telstra.com
http://www.telstra.com.au/abouttelstra/media-centre/
Reference: 169/2013
Note: A hi-res picture of Chin Hu Lim will be available at http://www.telstra.com.au/abouttelstra/company-overview/executives-directors/
Source: Telstra International Group

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August 9, 2013 at 4:29 pm

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Far East Energy Announces 2013 Drilling Program Update and Filing of the Form 10-Q for the Period Ending June 30, 2013

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HOUSTON /PRNewswire/ — Far East Energy Corporation (OTCBB:FEEC), which operates the Shouyang coalbed methane (CBM) Production Sharing Contract (PSC) in Shanxi Province, People’s Republic of China, is pleased to update the market on recent drilling and fracing activities.
Far East Energy is progressing though a robust drilling and development program for the 2013 work year and as of July 31, 2013, a total of 53 wells have been spudded since January 1. As of July 31, 2013, 26 wells have been fraced (23 wells in the 1H Pilot Area and 3 appraisal wells) and 7 wells are waiting to be fraced. In addition, 4 wells are in the early stages of the dewatering process, are pumping and producing water from the #15 coal seam. Additional groups of wells are in the process of having surface facilities installed to commence pumping operations. After reaching a peak of 31 drilling rigs in late June, 25 rigs remain in the field focused on the drilling of additional production wells.
Commenting, CEO Michael McElwrath said, “We are pleased with the progress of our 2013 drilling program and with the efficiencies we are seeing in field operations managing the program. Our focus is now on adding production wells for dewatering and gas production, and it is gratifying to see a real well pattern filling in so rapidly with 25 rigs masterfully managed. As for results, we are encouraged with the initial rates of water production from our core production area, which is essential to the dewatering process. We also just received positive preliminary gas content results from 18 of our recently drilled appraisal wells.”
Of the 53 wells spudded in 2013, 27 are appraisal wells that continue to confirm the lateral extension of the #15 seam throughout the company’s block and defining the real extent of the #9 and #3 coal seams. The appraisal program includes core retrieval and evaluation, pressure testing, mud logging and sample collection. The 18 appraisal wells undergoing testing reveal excellent preliminary gas content averaging 500 scf/ton.
Continuing, McElwrath said, “We are very encouraged with the initial laboratory reports for gas content and saturation levels, which seem to confirm that virtually the entirety of our block is blessed with very high gas content. This information will be fed into future reserve and resource estimates.”
Additionally, Far East Energy today announced that it has filed its Quarterly Report on Form 10-Q for the period ending June 30, 2013, which is available on the SEC’s website at http://www.sec.gov and on the company’s website at http://www.fareastenergy.com under the tab “Investor Relations” in the “SEC Filings” section.
Far East Energy Corporation
Based in Houston, Texas, with offices in Beijing, and Taiyuan City, China, Far East Energy Corporation is focused on coalbed methane exploration and development in China.
Statements contained in this press release that state the intentions, hopes, estimates, beliefs, anticipations, expectations or predictions of the future of Far East Energy Corporation and its management are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. It is important to note that any such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties. Actual results could differ materially from those projected in such forward-looking statements. Factors that could cause actual results to differ materially from those projected in such forward-looking statements include: the preliminary nature of well data, including permeability and gas content; there can be no assurance as to the volume of gas that is ultimately produced or sold from our wells; the fracture stimulation and drilling programs may not be successful in increasing gas volumes; due to limitations under Chinese law, we may have only limited rights to enforce the gas sales agreement between Shanxi Province Guoxin Energy Development Group Limited and China United Coalbed Methane Corporation, to which we are an express beneficiary; additional wells may not be drilled, or if drilled may not be timely; additional pipelines and gathering systems needed to transport our gas may not be constructed, or if constructed may not be timely, or their routes may differ from those anticipated; the pipeline and local distribution/compressed natural gas companies may decline to purchase or take our gas, or we may not be able to enforce our rights under definitive agreements with pipelines; conflicts with coal mining operations or coordination of our exploration and production activities with mining activities could adversely impact or add significant costs to our operations; our lack of operating history; limited and potentially inadequate management of our cash resources; risk and uncertainties associated with exploration, development and production of coalbed methane; our inability to extract or sell all or a substantial portion of our reserves and other resources; we may not satisfy requirements for listing our securities on a securities exchange; expropriation and other risks associated with foreign operations; disruptions in capital markets affecting fundraising; matters affecting the energy industry generally; lack of availability of oil and gas field goods and services; environmental risks; drilling and production risks; changes in laws or regulations affecting our operations, as well as other risks described in our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and subsequent filings with the Securities and Exchange Commission.
Source: Far East Energy Corporation
Related stocks: OTC-PINK:FEEC

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August 9, 2013 at 11:40 am

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Updated White Paper from PR Newswire Explores China’s Changing Media Landscape

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BEIJING /PRNewswire/ — PR Newswire, the world’s leading provider of multimedia platforms that enable corporate communicators to leverage content to engage with all their key audiences, has updated its white paper on the media in China, “Navigating China’s Complex Media Landscape.”
PR Newswire White Paper: Navigating China’s Complex Media Landscape
PR Newswire White Paper:
Navigating China’s Complex Media Landscape
Using statistics from a wide range of media studies, as well as drawing on the deep institutional knowledge of PR Newswire’s in-house team of industry experts, the paper offers a wide-ranging look at the state of Chinese media, hard figures on how it has been changing over the past several years and insight on which trends are most important to anyone who is thinking of entering the market in this rapidly-growing country.
Some of the topics covered include:
The relationship between state-run media and commercial media
Why print is still a valuable medium in China
The dominance of television advertising
The rise of social media and the most important players in the space
“This rate of change in China’s media industry is not slowing down,” said Sasha Zhao, Manager of Media Development at PR Newswire in China, “and with China’s recent shifts to a more consumer-driven economy, the need for interested businesses to stay on top of what’s happening in the industry is more important than ever. This white paper is essential reading not only for any business leaders and entrepreneurs thinking of entering the China market, but also for all communication professionals who need to operate within this space.”
The full report can be downloaded here:
http://misc.prnasia.com/atd/custeventreg.php?event_id=77
For any questions about the topics covered in the white paper, or to inquire about how you can access PR Newswire’s full range of media services for your business, contact +86 10 5953 9588 or info@prnasia.com
About PR Newswire
PR Newswire is the premier global provider of multimedia platforms that enable communication professionals to leverage content to engage with all their key audiences. We provide end-to-end solutions to produce, optimize and target content — from rich media to online video to multimedia — and then distribute content and measure results across traditional, digital, mobile and social channels. PR Newswire serves tens of thousands of clients from offices in the Americas, Europe, Middle East, Africa and the Asia-Pacific region, and is a UBM plc company.
Media Contact:
Selina Cui
Senior Marketing Manager, PR Newswire China
selina.cui@prnasia.com
+86 10 5953 9598
Source: PR Newswire

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August 9, 2013 at 11:18 am

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Changing the Future with Agile Network

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Huawei Launches the Industry’s First Service and User Experience Centered Agile Network and S12700 Agile Switch

BEIJING, Aug. 8, 2013 /PRNewswire/ — Huawei, a leading global information and communications technology (ICT) solutions provider, today launched the industry’s first agile network architecture technology and agile switch, the S12700. With a design that has been developed from a service and user experience perspective, the Huawei S12700 switch supports higher reliability and larger Ethernet frames. This innovative new technology features the key attributes required to support new industry trends including; cloud computing, bring your own device (BYOD), software-defined network (SDN), internet of things (IoT), and big data related analytics for business use.

Huawei S12700 series agile switches have been officially launched by Mr. William Xu (left), Chief Executive Officer, Huawei Enterprise Business Group, and Mr. Swift Liu (right), President of Enterprise Networking Product Line, Huawei Enterprise Business Group.
Huawei S12700 series agile switches have been officially launched by Mr. William Xu (left), Chief Executive Officer, Huawei Enterprise Business Group, and Mr. Swift Liu (right), President of Enterprise Networking Product Line, Huawei Enterprise Business Group.

By launching the first service and user experience centered agile network architecture, Huawei has introduced SDN architecture into campus networks for the first time. This has enabled networks to provide more efficient and agile services and evolve from single-node service processing into full-scale management and control. Huawei’s S12700 switch forms part of the industry’s most advanced series of agile switches, and is expected to lead a new revolution in Ethernet switching technology and network construction. Featuring automatic network deployment and management, the S12700 supports end-to-end (E2E) security collaboration with the flexibility for fast-changing services and full programmability.

“The inevitable trends of broadband services, multimedia, mobility and social networking are shifting the focus of networks from technologies and devices to services, users and experiences,” said Mr. William Xu, Chief Executive Officer, Huawei Enterprise Business Group. “Huawei is committed to customer-centric innovation and open collaboration with the industry, and leveraging our 10 years’ experience in enhancing IP network capabilities to best meet the needs of our customers. With the launch of industry’s first agile network and agile switch that focus on service efficiency and user experience, I am confident that we will change the future of next-generation enterprise networks.”

In a fast-changing era with emerging technologies and trends such as cloud computing, big data, mobility, and Social Networking Service (SNS), the management of networks now faces three great challenges: insufficient service processing capability, fault location difficulties, and slow service responses. Leadership teams look forward to the availability of networks that can provide more agile services and flexibility to respond to changes in service requirements on demand.

“Campus network infrastructure is experiencing rapid evolution due to the dynamic nature of enterprise mobility and BYOD rollouts, cloud services and applications, real time multi-media and unified communication applications, as well as the need for a comprehensive approach to security across enterprise IT infrastructure. These innovation trends urge enterprises to enhance their abilities to support business and application needs. Huawei’s next generation network architecture is aligned with these trends, which along with its built-in programmable chip will enable enterprises to meet future network requirements through emerging networking architectures such as SDN,” said Rohit Mehra, Vice President, Network Infrastructure, IDC.

As a leading global device vendor in the IP field, Huawei is committed to meeting the needs of the Ethernet market by launching its groundbreaking new agile network architecture and agile switches. This latest innovation from Huawei marks a significant step in Huawei’s efforts to bring more value to its customers and facilitate business transformation, changing the future of the industry.

About Huawei

Huawei is a leading global ICT solutions provider. Through our dedication to customer-centric innovation and strong partnerships, we have established end-to-end advantages in telecom networks, devices and cloud computing. We are committed to creating maximum value for telecom operators, enterprises and consumers by providing competitive solutions and services. Our products and solutions have been deployed in over 140 countries, serving more than one third of the world’s population. For more information about Huawei ICT solutions, please visit: http://enterprise.huawei.com/

Source: Huawei

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August 9, 2013 at 11:03 am

2nd Generation (2G) Cellulosic Ethanol Demo Plant by Praj Sees Ground-Breaking

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PUNE, India, Aug. 8, 2013 /PRNewswire/ —

  • South Asia’s 1st Cellulosic Ethanol Demo plant gets underway
  • 2G Cellulosic ethanol demo plant will also enable development of the entire value chain including biomass impact on the capex and opex
  • Innovative concept of Biorefinery for production of Biochemicals launched

Praj Industries, the global process solutions company for bioethanol, alcohol and brewery, water and wastewater & critical process equipment has emerged as the first Company in South Asia to set up an integrated 2nd Generation (2G) Cellulosic ethanol plant.

(Logo: http://photos.prnewswire.com/prnh/20121106/573460 )

Praj’s Executive Chairman Mr. Pramod Chaudhari did the groundbreaking today at Shirala in Sangli District in Maharashtra (India) along with Chairman of Viraj Alcohols & Allied Industries Limited (VAAIL), Mr. Mansinghrao Naik.

The 2G Cellulosic ethanol demo plant will operate on different variety of biomasss with a capacity of 100 dry tonnes of biomass per day, which includes agricultural wastes such as corn stover, cobs and bagasse.  The demo plant will enable Praj to consolidate its 6 years of R&D efforts, starting with laboratory trials to pilot scale trials. The same plant will also enable Praj to develop various biochemicals and bioproducts.

The demo plant will seek to demonstrate various technical parameters including optimization of water and energy integration and its impact on the capex and opex. The plant will also develop the entire value chain including biomass handling and biomass composition and its impact on the operations. Praj expects the project cost to be in the region of US$ 25 million (Rs. 145-150 crore). 

For this project, Praj will associate with VAAIL, an existing ethanol producer located in Western Maharashtra and a long term client of Praj. VAAIL will provide the land and allied services for the smooth operation of the project. 

Commenting on the ground-breaking, Mr. Pramod Chaudhari, Executive Chairman, Praj Industries, said: “Ground breaking of 2G Cellulosic ethanol plant is a giant leap in biotechnology and towards a more sustainable world. The greenhouse gas savings from Cellulosic ethanol is greater than those from 1st Generation crop-based biofuels as well as fossil-based fuel and hence this project will play a vital role in reducing carbon footprints.  The project site at Shirala gives us a locational advantage in terms of sourcing of biomass, utilities and manpower. We are delighted to work with VAAIL who has been our long term client.”

On this occasion, Mr. Mansinghrao Naik, Chairman, VAAIL said: “Viraj has more than a decade’s experience in operating ethanol plants based on both, molasses as well as grains. Praj has supplied both these plant. It gives me great pride to be associated with Praj as it will give us the opportunity of participating in a path-breaking project.”

For more information:

Vinati Moghe, Vice President, Corporate      
vinatimoghe@praj.net, +91-9822430906     

Sohini Dam, Assistant Manager, Corporate Communication
sohinidam@praj.net, ph – +91-020-22951511         

Source: Praj Industries Limited

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August 9, 2013 at 10:43 am

Posted in All releases

CPhI Pharma Evolution Hosts Live Chat on How to Optimize Processes & Reduce Costs, Featuring API & Process Design Expert

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NEW YORK, Aug. 8, 2013 /PRNewswire/ — On Thursday, August 8, at 10:00 a.m. ET, CPhI Pharma Evolution’s Editor-in-Chief, Agnes Shanley, will be hosting a live chat with Girish Malhotra, API process expert. This interactive chat will give users the opportunity to ask specific technical questions and receive real-time advice on PharmaEvolution.com.

This chat, “Process Optimization — Simplifying for Savings,” will cover topics ranging from improving small molecule processes to reducing environmental impact and costs. Girish Malhotra has over 43 years of industrial experience in pharmaceuticals; specialty, custom, and fine chemicals; as well as coatings, resins and polymers, and additives. His expertise ranges from manufacturing to process and technology development and business development. The author of Chemical Process Simplification: Improving Productivity and Sustainability (Wiley 2011), Mr. Malhotra specializes in enhancing profitability by simplifying technology and manufacturing practices using engineering and science principles.

CPhI Pharma Evolution is a CPhI community created to provide a safe environment where pharma professionals can exchange thoughts and network with each other. Participation is free, and attendees have the opportunity to post questions for the guests in real-time via the site’s live chat feature.

For more information and to participate in the live chat: http://www.pharmaevolution.com/messages.asp?piddl_msgthreadid=15706

CPhI Pharma Evolution (www.pharmaevolution.com) is published by CPhI and UBM DeusM (www.deusm.com), the marketing services division of UBM specializing in building and operating highly engaged communities of qualified users within specialist B2B markets using a strategy of best-practices focused on content and technology.

Contact
Amy Averbook
Sr. Marketing Director
UBM DeusM
+1-917-743-2693
averbook@deusm.com

About UBM DeusM
UBM DeusM (www.deusm.com) is an integrated marketing services company owned by UBM plc, targeting the fastest growing segment of the online publishing industry: business social media. The company is led by Managing Director Stephen Saunders, Min’s Marketer of the Year 2010. He and the other UBM DeusM principals have built and delivered more than 45 successful sites and online communities over the last two years. UBM DeusM’s service is based on a unique platform, called Community in a Box (CiaB), which employs a structured system of proven B2B web publishing best-practices, combined with a breakthrough integrated multimedia publishing platform (“n-Server”) to enable marketers to quickly and profitably set up specialized communities for their target customers.

About CPhI Worldwide
CPhI Worldwide was first held in 1990 and 2012 marks the 23rd edition of this prestigious and industry leading event. From just 250 delegates at the inaugural convention, visitors’ numbers have subsequently grown more than a hundred-fold to more than 30,000 attendees from over 133 countries. The event now hosts 2,200 exhibitors and is the market leader for the global pharmaceutical industry. CPhI Worldwide has three collocated events: ICSE, P-MEC Europe, and InnoPack. These events focus on specific sub-sectors of the pharma ingredients industry and provide visitors and exhibitors with additional capability to network and do business in dedicated areas.

Source: CPhI Pharma Evolution

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August 9, 2013 at 10:19 am

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Swiff’s Chip & PIN Solution is Now Approved by the Visa Ready Program

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SINGAPORE, Aug. 8, 2013 /PRNewswire/ — Swiff, SCCP Group’s innovative mobility payment solution, has received approval for its Chip & PIN solution for use with Visa payments through the Visa Ready Program. The Swiff mobile payment Chip & PIN terminals will alleviate payment barriers for merchants, acquirers and customers by displacing cash and checks with mobile payment acceptance.

This new step in the partnership between Swiff and Visa follows the announcement by Visa Inc. on June 5th, that Swiff had been selected as one of the leading mobile point-of-sale (mPOS) providers to join the Visa Ready Program. The program is designed to provide innovators with an easy way to collaborate with Visa and gives merchants and consumers the peace-of-mind they need when transacting with a mobile phone.

We believe that the approval by Visa rewards the level of security and flexibility of our Chip & PIN solution,” comments Etienne van den Bogaert, Swiff Chief Technology Officer. “Both Swiff’s hardware and software have been approved by Visa to ensure the solution meets all quality and security metrics for mobile payment acceptance.”

As mobile acceptance continues to increase at exponential rates, particularly among micro and small merchants, it is essential to arm these merchants and acquirers with technologies that meet Visa’s high standards of security and reliability. In the last year, the number of mPOS terminals increased 111 percent, and is expected to grow over 300 per cent by 2017[1].

As a member of the Visa Ready Program, Swiff is now operating under the guidance and best practices of Visa. To couple Visa’s tools and value-added services and Swiff’s ironclad authentication and security system marks a critical breakthrough in mobile payment offerings for both merchants and acquirers,” concludes Jerome Cle, Swiff founder and CEO.

About Swiff and SCCP Group

SCCP Group, the corporate holding company of Swiff, is a global innovator in secure mobile-based payment technologies. Incorporated in 2010, Swiff brings together a suite of end-to-end secure payment and loyalty processing solutions to card issuing and merchant acquiring services around the world. Using the company’s unique, and fully patented, proprietary technologies in payment processing and authentication, the merchant customers of financial institutions are able to deploy one integrated payment solution. Headquartered in Singapore, SCCP Group delivers tailored, white-label payment solutions for its customers in Asia Pacific, Africa, Europe, the Middle East, Russia and the Americas.

[1] Timetric, 2020 Foresight: Mobile Point of Sale Technology, April 2013, www.timetric.com

Source: SCCP Group

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August 9, 2013 at 10:07 am

Posted in All releases

Fast Retailing Signs the Accord on Fire and Building Safety in Bangladesh

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TOKYO, Aug.8, 2013 /PRNewswire/ — Fast Retailing Co., Ltd. (Fast Retailing) announces that earlier today it signed the Accord on Fire and Building Safety in Bangladesh, initiated by IndustriALL Global Union and UNI Global Union. The Accord commits to safeguard garment workers in Bangladesh against building collapse and fire and, using funds from its signatories, plans to survey all manufacturing facilities for related risks within the next two years and subsequently implement required reforms to improve working conditions.

Fast Retailing began a review of the Accord following the tragic collapse of the Rana Plaza manufacturing facility in Savar near Dhaka in April 2013. Upon disclosure of the full details of the Accord on July 8, Fast Retailing confirmed that it effectively ensures the safety of garment workers in Bangladesh and is committed to fully back the initiative.

Independent of its review of the Accord, Fast Retailing initiated on May 27 its own investigation into fire and building safety at the facilities run by its manufacturing partners in Bangladesh, working with an independent third party. This investigation is now complete, and follow-up confirmation of building safety is planned, working with experts from Japan. Full final results on the facilities run by its partners are expected by November 2013.

In 2004, Fast Retailing introduced a Code of Conduct for all of its manufacturing partners, and today continues to work with outside experts to monitor conditions at its partners’ facilities to ensure compliance. Fast Retailing’s current independent investigation is an aspect of this process, aimed at strengthening building and fire safety.

As another facet of its deep commitment to the country, Fast Retailing launched in 2010 a social business initiative in Bangladesh, focused on addressing poverty, education, hygiene, gender-inequality, and the environment. In July 2013, the company subsequently launched two stores in Dhaka, under the Grameen UNIQLO name, to further contribute to the local community, by sharing best work practices, creating jobs, and offering quality, affordable clothing to the people of Bangladesh.

While investing in not only manufacturing but also in brick and mortar stores in Bangladesh, Fast Retailing aims to advance the working environment in the country, and continue to contribute to the development of the local economy, and to improve people’s lives.

For further details on Grameen UNIQLO, please see the link – http://www.grameenuniqlo.com/en/about/

IndustriALL Global Union is headquartered in Geneva, Switzerland and represents 50 million workers in 140 countries in the mining, energy and manufacturing sectors. UNI Global Union is headquartered in Nyon, Switzerland, and represents 900 trade unions and 20 million workers across 150 countries worldwide.

For media queries, please contact: Fast Retailing, Corporate PR Department Aldo Liguori/Oliver Ormrod, Tokyo, Japan, Tel. +81 (0)3 6885 0960

Source: Fast Retailing

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August 9, 2013 at 9:48 am

Posted in All releases