Tag: Worldwide

Number of postal access points to financial services to be increased up to 1,200 in Azerbaijan

Posted by | May 15, 2007 | |

Within the scope of the Financial Services Development Project between the World Bank and the Government of Azerbaijan, aimed at improving payment systems for the utility bills collection, and access to financial services and basic business infrastructure in smaller urban and rural areas through the postal system, the country will increase the number of access points for financial services outside Baku to include 1,200 post offices.

The Deputy Minister of Communications and Information Technologies, Iltimas Mammadov, told APA-Economics that the target will be achieved by the end of 2008.

“We are planning to increase the number to 1,500 post offices, including points in Nakhchivan AR,” he said.

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New Pitney CEO banks on mail-stream technology

Posted by | May 15, 2007 | |

The new chief executive officer of Stamford-based Pitney Bowes Inc. has predicted that by the end of the decade half of its growth will come from new products and services focused on mail-stream technology, its core business.

Pitney Bowes will continue the growth strategy it established in 2000 to concentrate on mail-stream products, Murray Martin said yesterday after the company’s annual meeting at its headquarters.

Martin, who has been with Pitney Bowes since 1987, most recently as president and chief operating officer, succeeds Michael Critelli, who has been elevated to executive chairman after 11 years as chairman and CEO.

When Critelli assumed leadership of the company, it had USD 3.8 billion in revenue.

The company saw its revenue climb 4 percent in the first quarter, from USD 1.36 billion in 2006 to USD 1.41 billion in that period this year. Net income, however, fell from USD 153 million in the 2006 quarter to USD 145 million in the most recent quarter.

In 2006, Pitney Bowes’ total revenue grew by 7 percent, and earnings per share improved by 9.5 percent.

Pitney Bowes will see its international revenues play an increasingly important role, Martin predicted, noting that 27 percent of its total revenue is derived from outside the United States today, compared with 17 percent in 2000.

Under Critelli’s guidance, the company tripled its international revenue to USD 1.5 billion and made more than 65 acquisitions around the world.

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UPS Shareowners elect Board and reappoint Deloitte & Touche

Posted by | May 14, 2007 | |

Shareowners of UPS elected a Board of Directors for a one-year term and ratified the appointment of Deloitte & Touche LLP as the company’s independent registered public accountants.

Ten directors stood for election to the Board of Directors and all were overwhelmingly elected. The appointment of Deloitte & Touche to serve as the company’s independent auditors for 2007 also was ratified.

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UPS Small Business Contest expands beyond U.S.

Posted by | May 8, 2007 | |

From Bangor, Maine, to Beijing, China, if you came up with an idea that turned into a business that took off, UPS wants to hear from you. You could win USD 25,000.

Last year, several small businesses – including one dedicated to teaching children about money management and another that provides products and ideas to help people with dementia – were rewarded for their creative thinking and original business concepts. This year, UPS is taking its third annual UPS Best “Out-of-the-Box” Small Business Contest global.

The international contest will honor the most innovative small businesses and is designed for companies with annual 2006 revenues of at least USD 250,000 but not more than USD 10 million. Eligible businesses in the United States, Canada, Mexico, China, the Philippines and Singapore are asked to submit a 500-word essay explaining why they’re original and how they’ve been successful.

Small businesses entering the contest must submit a 500-word essay and complete the online entry process at www.ups.com/outofthebox . Entries may be submitted through Sept. 1, 2007, and must be completed by an employee or owner of an eligible business on behalf of that business, with a limit of one entry per business. For a complete description of the contest rules and regulations, small businesses should visit the Web site.

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