| 2008-02-20 | Merger/Acquisition | Agilysys, Inc. , a leading provider of innovative IT and hospitality software solutions, today announced it has acquired Eatec Corporation, a privately held developer and marketer of inventory and procurement software with U.S. headquarters in Emeryville, Calif.
Eatec's software, EatecNetX, is a recognized leading, open architecture based, inventory and procurement management system. It provides customers with the data and information necessary to increase sales, reduce product costs, improve back office productivity and increase profitability. Eatec customers include well known restaurants, hotels, stadiums and entertainment venues in North America and around the world as well as many public service institutions.
EatecNetX's core functions include purchasing, inventory, recipe, forecasting, production and sales analysis. Additionally, the solution offers catering, restaurant, concessions, manufacturing, retail/merchandising and airline catering modules in one integrated solution.
"This acquisition further enhances our position as a leading inventory and procurement solution provider to the hospitality and foodservice markets," said Arthur Rhein, chairman, president and chief executive officer of Agilysys. "Similar to our previous acquisitions of Visual One Systems and InfoGenesis, the Eatec acquisition complements and expands our offerings, allowing us to better serve our customers."
In addition to being a stand alone software application, EatecNetX will be interfaced with Agilysys' point of sale offerings to create a complete end to end solution for customers in the foodservice industry.
Agilysys hospitality solution offerings are among the most comprehensive in the market, with solutions to cover the hospitality industry's information technology needs. Agilysys hospitality solutions include property management, inventory procurement, point of sale, golf management, club management, condo accounting, spa, sales and catering, dining reservations, business analytics and document management.
The purchase price of $23.2 million, net of cash, will be funded with cash on hand. Eatec has revenues of approximately $8 million and EBITDA margins in excess of 20%. |
| 2008-02-11 | Contract/Agreements | Landmark Hotel Implements MMS 3.0 with Enhanced Features and Functionality
BOCA RATON, Fla., Feb. 11 /PRNewswire FirstCall/ Agilysys, Inc. , a leading provider of innovative information technology and hospitality software solutions, announced today that the Hotel del Coronado in San Diego, Calif. has implemented the latest version of the Materials Management System (MMS) inventory procurement solution with enhanced features and functionality that will enable the 679 room landmark property to increase efficiency and streamline operations.
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Recognized as the hospitality industry's leading inventory and procurement system, the MMS solution automates the entire procurement process from food and beverage to general property materials and provides a fast and measurable return on investment by reducing labor costs and waste and eliminating time consuming and error prone paper documents. With MMS, tasks that once took hours or days can be completed with the click of a mouse, enabling buyers to focus on the strategic elements of the purchasing process.
"We have used the MMS solution by Agilysys for years and were eager to take advantage of the latest technology," said Kevin Wetter, director of purchasing at Hotel del Coronado. "We are particularly impressed with the system's new automated e mail bid feature, which expands the pool of qualified vendors from whom we can obtain bids and, as a result, reduces our overall costs."
In addition to the automated e mail bid capability, features of MMS 3.0 include: point and click functionality; the ability to route purchase requisitions for approval via e mail or personal digital assistant (PDA); enhanced browser capabilities; and multiple par level functionality that enables the property to establish inventory levels based on seasons, days of the week or special events.
"The latest version of the Materials Management System will provide Hotel del Coronado with the technology it needs to stay competitive and ensure the property obtains the most favorable prices on everything from linens to food and beverage," said Tina Stehle, senior vice president and general manager at Agilysys Hospitality Solutions. "The enhanced MMS version 3.0 will improve financial controls, reduce costs and streamline the hotel's entire inventory and procurement process."
Built in 1888, the Hotel del Coronado is an elegant example of Victorian architecture and is considered one of America's most beautiful resorts. The property recently unveiled several exciting enhancements, including a state of the art spa with 21 treatment rooms and an expansive private terrace; a fitness center offering personal training and a studio for aerobics, Pilates and spin classes; and a new signature restaurant, 1500 OCEAN, featuring Southland coastal cuisine and an outdoor sunset bar. The new oceanfront cottages and villas at Beach Village offer a private luxury enclave within the resort's legendary setting. Hotel del Coronado is managed by KSL Resorts in La Quinta, Calif.
About Agilysys, Inc.
Agilysys is a leading provider of innovative IT solutions to corporate and public sector customers, with special expertise in select markets, including retail and hospitality. The company uses technology including hardware, software and services to help customers resolve their most complicated IT needs. The company possesses expertise in enterprise architecture and high availability, infrastructure optimization, storage and resource management, identity management and business continuity; and provides industry specific software, services and expertise to the retail and hospitality markets. Headquartered in Boca Raton, Fla., Agilysys operates extensively throughout North America, with additional sales offices in the United Kingdom and China. For more information, visit http://www.agilysys.com. s.server=server() s.channel="news release" s.pageName="n |
| 2008-02-08 | Contract/Agreements | Recognized For Its Outstanding Growth In 2007
BOCA RATON, Fla., Feb. 8 /PRNewswire FirstCall/ Agilysys, Inc. , a leading provider of innovative IT solutions, has received the IBM Global Services Business Partner Sales Leadership Award for exceptional services sales contributions by IBM business partners with services revenue exceeding $10 million, the highest category possible. Based on year to year growth percentage of total services signings, Agilysys experienced a remarkable 30 percent growth from calendar year 2006 to 2007.
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Several service elements such as maintenance, labor based services, business continuity and recovery services, ServicePacs, e business hosting services and IBM Express Managed Services, were included in the calculation of total services.
"Selling services has been a strategic initiative for Agilysys as we have focused on growing our established information technology solutions business and accelerating our growth as a solution provider," said Pete Coleman, executive vice president for Agilysys. "This award is a tremendous honor and serves as a strong testament to the dedication of our employees and the excellent relationship we possess with IBM."
"We value the contributions of all of our business partners and these awards serve to congratulate them for their hard work and results," said Archie James, director, Channel Services Sales, IBM Global Technology Services. "We appreciate Agilysys' contributions to IBM Global Services, and thank them for their services focus, teamwork and performance."
Receiving the IBM Global Services Business Partner Sales Leadership Award not only demonstrates the expertise of Agilysys IBM Technology Solutions, but also the knowledge and capability to integrate IBM solutions within Agilysys' award winning Hospitality Solutions and Retail Solutions businesses.
IBM will honor Agilysys at a formal recognition event in June.
About Agilysys, Inc.
Agilysys is a leading provider of innovative IT solutions to corporate and public sector customers, with special expertise in select markets, including retail and hospitality. The company uses technology including hardware, software and services to help customers resolve their most complicated IT needs. The company possesses expertise in enterprise architecture and high availability, infrastructure optimization, storage and resource management, identity management and business continuity; and provides industry specific software, services and expertise to the retail and hospitality markets. Headquartered in Boca Raton, Fla., Agilysys operates extensively throughout North America, with additional sales offices in the United Kingdom and China. For more information, visit http://www.agilysys.com. s.server=server() s.channel="news release" s.pageName="news_release_agilysys wins coveted ibm global services business partner sales leadership award" s.prop2="109" s.prop3="02 08 2008" /************* DO NOT ALTER ANYTHING BELOW THIS LINE ! **************/ var s_code=s.t();if(s_code)document.write(s_code); // |
| 2008-02-04 | Contract/Agreements | Agilysys Further Distinguishes Itself by Earning a Microsoft Competency in Business Process and Integration Solutions, Data Management Solutions,
ISV/Software Solutions and Networking Infrastructure Solutions
BOCA RATON, Fla., Feb. 4 /PRNewswire FirstCall/ Agilysys, Inc. , a leading provider of innovative information technology software solutions, today announced it has attained Gold Certified Partner status in the Microsoft Partner Program with competencies in Business Process and Integration Solutions, Data Management Solutions, ISV/Software Solutions and Networking Infrastructure Solutions, recognizing Agilysys' expertise and impact in the technology marketplace. As a Gold Certified Partner, Agilysys has demonstrated expertise with Microsoft technologies and a proven ability to meet customers' needs. Microsoft Gold Certified Partners receive a rich set of benefits, including access, training and support, giving them a competitive advantage in the channel.
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"We are extremely pleased to have attained Gold Certified Partner status in the Microsoft Partner Program," said Bob Bailey, executive vice president, Agilysys. "This allows us to clearly promote our expertise and relationship with Microsoft to our customers and the benefits provided through our Gold Certified Partner status will allow us to continue to enhance the offerings that we provide for customers."
"Customers are looking for partner companies that can bridge the gap between their business demands and technology capabilities," said Allison Watson, vice president of the Worldwide Partner Sales and Marketing Group at Microsoft Corp. "They need to trust in a company that can act as an expert adviser for their long term strategic technology plans. Microsoft Gold Certified Partners, which have certified expertise and direct training and support from Microsoft, can build a positive customer experience with our technologies. Today, Microsoft recognizes Agilysys as a new Gold Certified Partner for demonstrating its expertise providing customer satisfaction using Microsoft products and technology."
The Microsoft Partner Program was launched in October 2003 and represents Microsoft's ongoing commitment to the success of partners worldwide. The program offers a single, integrated partnering framework that recognizes partner expertise, rewards the total impact that partners have in the technology marketplace and delivers more value to help partners' businesses be successful.
About Agilysys, Inc.
Agilysys is a leading provider of innovative IT solutions to corporate and public sector customers, with special expertise in select markets, including retail and hospitality. The company uses technology including hardware, software and services to help customers resolve their most complicated IT needs. The company possesses expertise in enterprise architecture and high availability, infrastructure optimization, storage and resource management, identity management and business continuity; and provides industry specific software, services and expertise to the retail and hospitality markets. Headquartered in Boca Raton, Fla., Agilysys operates extensively throughout North America, with additional sales offices in the United Kingdom and China. For more information, visit http://www.agilysys.com.
The names of actual companies and products mentioned herein may be the trademarks of their respective owners. s.server=server() s.channel="news release" s.pageName="news_release_agilysys attains gold certified partner status in microsoft partner program" s.prop2="109" s.prop3="02 04 2008" /************* DO NOT ALTER ANYTHING BELOW THIS LINE ! **************/ var s_code=s.t();if(s_code)document.write(s_code); // |
| 2008-02-01 | Earnings/Dividends | Net sales increased 65% for the quarter including 12% organic growth and 61% for the first nine months including 13% organic growth Operating income of $2.5 million for the quarter was flat compared with
last year
Company repurchased 8.4 million or 27% of outstanding shares to date
BOCA RATON, Fla., Feb. 1 /PRNewswire FirstCall/ Agilysys, Inc. , a leading provider of innovative IT solutions, today announced fiscal 2008 unaudited third quarter results for the period ended December 31, 2007.
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Third Quarter Results of Operations
Sales for the third quarter increased 65.1% to $250.1 million, compared with $151.5 million in the third quarter of fiscal 2007. Organic revenue grew $17.9 million, or 11.8%, compared with last year's third quarter, and represented 18.2% of the sales increase. Revenue from the company's four recent acquisitions contributed $80.7 million, or 81.8% of the sales increase.
Fiscal 2008 third quarter sales of hardware products were $189.3 million, up 57.8%, compared with $120.0 million for last year's third quarter. Software sales were $25.5 million, up 119.5% from $11.6 million a year ago. Services revenue was $35.3 million, up 77.3% from $19.9 million a year ago.
Gross margin for the third quarter was $57.7 million, or 23.1% of sales, compared with $35.5 million, or 23.4% of sales, for the third quarter of fiscal 2007. The slight decline in gross margin percentage was due to the change in customer and product mix in the quarter compared with the year ago quarter.
Selling, general and administrative (SG&A) expenses for the third quarter were $55.2 million, or 22.1% of sales, compared with $33.0 million, or 21.8% of sales, in the same quarter a year ago. The $22.2 million increase in SG&A expenses was principally due to incremental operating expenses from the company's recent acquisitions, which contributed $19.1 million, or 86.0% of the increase in expenses. Depreciation and amortization expense for the quarter was $8.2 million compared with $1.9 million last year.
Net interest income for the third quarter was $1.4 million compared with $1.0 million in the same period last year. The improvement was due to the company's higher cash position, which was partially offset by a slight decline in the yield earned on the company's short term investments.
Income from continuing operations for the third quarter was $1.1 million, or $0.04 per share, compared with $2.5 million, or $0.08 per share, for the third quarter last year. Included in income from continuing operations was a loss of approximately $1.0 million associated with the company's equity investment.
EBITDA was $10.6 million for the current quarter, compared with $4.4 million a year ago. As a result of the March 2007 divestiture of the company's KeyLink Systems distribution business and recent acquisitions, the company believes that EBITDA from continuing operations (earnings before interest, taxes, depreciation, amortization, and results of discontinued operations) most accurately reflects the company's performance and provides more meaningful year over year comparisons. (NOTE: A reconciliation of EBITDA to net income is provided in the financial tables included in this release. This financial measure of profitability is included to supplement the unaudited condensed consolidated financial statements presented in accordance with generally accepted accounting principles ("GAAP") in this press release. See the "Use of Non GAAP Financial Information" section in this release for further information.)
Excluding one time discrete tax items, the effective income tax rate for continuing operations for the three months ended December 31, 2007 was 66.4% compared with 20.6% for the third quarter in the prior year. The effective income tax rate differs from the statutory rate principally because of the effects of losses related to the company's eq |
| 2008-01-14 | Contract/Agreements | Caribbean Resort Implements Property Management and Condo Accounting Systems
BOCA RATON, Fla., Jan. 14 /PRNewswire FirstCall/ Agilysys, Inc. , a leading provider of innovative information technology and hospitality software solutions, announced today that Point Grace Resort, located on the island of Providenciales in the Turks & Caicos Islands, has selected the Visual One Premiere Property Management System by Agilysys and the Visual One Condo Accounting module by Agilysys to enhance operations at the all suite boutique property. The Visual One by Agilysys solutions are now used at 10 properties in the Turks & Caicos Islands.
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"We wanted flexible and reliable solutions that work together to create more efficient business processes," said Caroline Altman, controller at Point Grace Resort. "Visual One solutions provided the complete package, with well designed systems that deliver measurable results and an implementation team that was responsive to our needs. These comprehensive solutions will ensure we have more control over our business and, as a result, our guests have the best possible experience during their stay."
The Visual One Premiere Property Management System is a flexible and reliable property management solution for hotels, resorts and conference centers ranging in size from nine rooms to 1,500 rooms. Operating under Microsoft Windows(R) NT with a Microsoft SQL(R) server database, the system uses the latest Microsoft products and enables Point Grace staff to build mailing lists, create charts and graphs and send reservation confirmations to guests.
The Visual One Condo Accounting module works with the Visual One Premiere Property Management System to enable the resort's condominium units to be reserved as hotel rooms. The module calculates expenses and revenue and provides a variety of monthly reports that allow Point Grace to oversee the financial positions of both the management company and condo owners. The module is ideal for properties that have a mix of condominium units and hotel rooms, allowing both to be part of the same reservation system.
"We are proud to add Point Grace Resort to our growing roster of customers in the Caribbean," said Tina Stehle, senior vice president and general manager of Agilysys Hospitality Solutions. "The Visual One Suite of Products by Agilysys is a perfect fit for properties like Point Grace that want fully integrated property management and accounting solutions. The technology will maximize staff efficiency and improve productivity, allowing the property to focus its efforts on meeting guest needs and providing exceptional service."
Point Grace Resort, situated at the point of a pristine 12 mile beach, offers a selection of oceanfront suites and penthouses, as well as poolside cottage suites. The property also offers gourmet dining and a full service European style spa. Known for unparalleled guest service, Point Grace Resort has received numerous awards, including recent recognition by World Travel Awards as the Caribbean's Leading Boutique Hotel.
About Agilysys, Inc.
Agilysys is a leading provider of innovative IT solutions to corporate and public sector customers, with special expertise in select markets, including retail and hospitality. The company uses technology including hardware, software and services to help customers resolve their most complicated IT needs. The company possesses expertise in enterprise architecture and high availability, infrastructure optimization, storage and resource management, identity management and business continuity; and provides industry specific software, services and expertise to the retail and hospitality markets. Headquartered in Boca Raton, Fla., Agilysys operates extensively throughout North America, with additional sales offices in the United Kingdom and China. For more information, visit http://www.agilysys.com. s.server=server( |
| 2008-01-07 | Contract/Agreements | Sale, Sales & Catering Systems
BOCA RATON, Fla., Jan. 7 /PRNewswire FirstCall/ Agilysys, Inc. , a leading provider of innovative information technology and hospitality software solutions, announced today that Aston Hotel, Sheffield, located in South Yorkshire, U.K., has selected a comprehensive Visual One Suite of Products by Agilysys to streamline operations at the 78 room property, which is scheduled to open in April 2008. Aston Hotel, Sheffield is owned and managed by Aston Hotels. Currently, two other Aston Hotels properties are using Visual One solutions.
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Aston Hotel, Sheffield was looking for a single vendor that could provide comprehensive and integrated solutions for property management, point of sale and sales & catering. The Visual One suite was ideal, with powerful yet scaleable systems that create more efficient business processes and deliver measurable results. The suite, which operates under Microsoft Windows(R) NT with a Microsoft SQL(R) server database, will enable the property to improve productivity in nearly every area of operations.
"We implemented the Visual One suite at our Dumfries and Darlington hotels with great success, so we therefore turned to Agilysys once again when selecting technology for our Sheffield property," said John Deighan, operations director at Aston Hotels. "We especially appreciate that the Visual One solutions are fully integrated, utilizing the same database and providing real time information exchanges. Using the same system at all of our hotels ensures standardized operations and continuity to customers. We are confident the software suite will enable our newest hotel to maximize performance which, in turn, allows us to provide guests with the best possible service."
Aston Hotel, Sheffield is implementing the following Visual One solutions:
Visual One Premiere Property Management System by Agilysys, a flexible
and reliable property management solution that offers a variety of
features and functionality, including front office operations, guest
history, housekeeping, night audit, reservations management, room
maintenance and travel agent management. The hotel also is implementing
the accounts receivable module, which automatically imports direct bill
check outs from the property management system to the appropriate
account receivable, and the web booking module, which enables guests to
view room rates and availability, make a reservation and obtain a real
time confirmation number.
Visual One Point of Sale (POS) System by Agilysys, a POS solution
designed especially for the hospitality industry. The system is both
touch screen and barcode controlled and operates in a variety of hotel
environments, including bars, fast food outlets, gift shops, spas and
table service restaurants.
Visual One Sales & Catering System by Agilysys, a powerful and flexible
software system that enables hotels to manage meeting room and banquet
operations. Functionality includes catering and banquet management,
group rooms management, meeting room management, menu planning and
sales account management.
"Aston Hotels understands the value of a 'total solutions' approach to technology," said Tina Stehle, senior vice president and general manager of Agilysys Hospitality Solutions. "The combined power of the Visual One Property Management System, Point of Sale System and Sales & Catering System will enable the company's newest hotel to manage day to day operations more efficiently. We are proud to add another Aston Hotels property to our customer base in the U.K. and look forward to a long and successful relationship."
About Agilysys, Inc.
Agilysys is a leading provider of innovative IT solutions to corporate and public sector customers, with special expertise in select markets, including retail and hospitality. The company uses |
| 2007-12-21 | Contract/Agreements | Represents Highest Level of Cisco Technical Competence
BOCA RATON, Fla., Dec. 21 /PRNewswire FirstCall/ Agilysys, Inc. , a leading provider of innovative IT solutions, today announced it has achieved Gold Certification from Cisco(R). The Cisco(R) Channel Partner program provides Agilysys with the resource framework to develop an expertise to sell, plan, design, implement and operate Cisco networking solutions. To earn Gold Certification, Agilysys had to meet or surpass the stringent personnel, training, customer satisfaction, specialization, and post sales support requirements set forth by Cisco. This partnership enables Agilysys to drive growth and differentiate its business by extending its capabilities to meet the rising demand for advanced networking solutions and end to end Data Center solutions.
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"Cisco is a recognized leader in the fast growing market for networking solutions, and we're honored to be recognized as a Cisco Gold Certified Partner," said John Orr, vice president and general manager, Agilysys Storage and Networking Solutions. "With this certification, Agilysys can implement a more complete and enhanced solution for our customers through selling, delivering and supporting Cisco solutions."
"We are committed to creating the tools, training and programs that help drive channel partner profitability through improved productivity and return on invested capital," said Keith Goodwin, vice president, Worldwide Channel for Cisco. "With specializations in Advanced Unified Communications, Routing and Switching, Security, Wireless LAN, and Data Center Storage Networking, Agilysys has secured the training, skills and knowledge to play a pivotal role in accelerating the adoption of Cisco technology solutions."
The program delivers state of the art technical and sales training so that certified partners can increase their ability to deliver services related to the latest Cisco technologies for maximized productivity. Cisco Gold Certified partners are recognized and rewarded for employing some of the industry's best trained network technicians who can demonstrate their expertise in planning, designing, implementing and supporting Cisco network solutions. These teams of network technicians are audited annually to ensure that they consistently deliver industry leading support and maintain the rigorous Cisco standards for network expertise and support capabilities.
As a Cisco Gold Certified Partner, Agilysys enjoys several benefits, most notably, access to the latest Cisco customer satisfaction tool, Partner Access online (PAL). The new PAL tool is based on the same technology that Cisco uses to monitor and improve its own customer satisfaction. Other benefits include increased access to the Cisco technical support teams as well as access to password protected Websites with real time product and training information.
Cisco Gold Certified partners provide 24x7 technical services with one hour response time for problem resolution and four hour on site response capabilities. These rigorous support requirements highlight Agilysys' commitment to supporting its strategic business network and sustainable business models.
In addition to being a Cisco Gold Certified Partner, Agilysys operates a Solutions Center in Southern California where it offers end users the ability to see in operation the entire Cisco Data Center product portfolio including VFrame Data Center Solutions, as well as other complementary Cisco technologies, such as Security Unified Communications and Wireless.
About Agilysys
Agilysys is a leading provider of innovative IT solutions to corporate and public sector customers, with special expertise in select markets, including retail and hospitality. The company uses technology including hardware, software and services to help customers resolve their most complicated IT needs. The company possesses expertise |
| 2007-12-10 | Contract/Agreements | Leading Inventory and Procurement Software
BOCA RATON, Fla., Dec. 10 /PRNewswire FirstCall/ Agilysys, Inc. , a leading provider of innovative IT solutions, including specifically designed hospitality industry solutions, announced today that MGM Grand Macau in Macau, China has selected the Materials Management System (MMS) inventory and procurement solution from Agilysys to streamline operations, increase efficiency and reduce costs at the new 600 room luxury property, which is scheduled to open in December 2007.
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Recognized as the hospitality industry's leading inventory and procurement system, the MMS solution automates the entire procurement process from food and beverage to general property materials and provides a fast and measurable return on investment by reducing labor costs and waste and eliminating time consuming and error prone paper documents. With MMS, tasks that once took hours or days can be completed with the click of a mouse, enabling buyers to focus on the strategic elements of the purchasing process. The scaleable software system includes modules for bar coding, inventory, menu & recipe analysis, nutritional analysis, purchasing and retail.
"In a highly competitive market like Macau, hotels that want to gain a competitive advantage need technology that allows them to work smarter and more efficiently," said Tina Stehle, senior vice president and general manager, Agilysys Hospitality Solutions. "The Materials Management System streamlines the entire inventory and procurement operation and enables buyers to make more intelligent purchasing decisions. Hotels that use the system can expect to conserve resources and increase profitability, both immediately and in the long run."
About Agilysys, Inc.
Agilysys is a leading provider of innovative IT solutions to corporate and public sector customers, with special expertise in select markets, including retail and hospitality. The company uses technology including hardware, software and services to help customers resolve their most complicated IT needs. The company possesses expertise in enterprise architecture and high availability, infrastructure optimization, storage and resource management, identity management and business continuity; and provides industry specific software, services and expertise to the retail and hospitality markets. Headquartered in Boca Raton, Fla., Agilysys operates extensively throughout North America, with additional sales offices in the United Kingdom and China. For more information, visit http://www.agilysys.com. s.server=server() s.channel="news release" s.pageName="news_release_mgm grand macau selects materials management system by agilysys" s.prop2="109" s.prop3="12 10 2007" /************* DO NOT ALTER ANYTHING BELOW THIS LINE ! **************/ var s_code=s.t();if(s_code)document.write(s_code); // |