HF Financial Corp. (Nasdaq: HFFC) today announced the Company's participation at the Rodman & Renshaw Global Investment Conference, to be held at the Palace Hotel in New York from September 12 – 15, 2010.

The Company will present at the Community and Regional Banking Track of the conference at the following time:

  • September 15 (Wednesday), 2010 at 12:30 pm, EDT
  • Adams Salon, 4th Floor, Palace Hotel, NY

For more information on the Rodman & Renshaw Conference or to schedule a one-on-one meeting with HF Financial Corp.'s management team, please visit http://www.rodm.com.  To register or listen to HF Financial Corp.'s webcast of the presentation, please visit the Company's corporate website at www.homefederal.com.

About HF Financial

HF Financial Corp., based in Sioux Falls, SD, is the parent company for financial services companies, including Home Federal Bank, Mid America Capital Services, Inc., dba Mid America Leasing Company, Hometown Investment Services, Inc. and HF Financial Group, Inc.  The largest publicly traded savings association headquartered in South Dakota, HF Financial Corp. operates with 33 offices in 19 communities, throughout Eastern South Dakota and one location in Marshall, Minnesota.  Internet banking is also available at www.homefederal.com. HF Financial Corp., based in Sioux Falls, SD, is the parent company for financial services companies, including Home Federal Bank, Mid America Capital Services, Inc., dba Mid America Leasing Company, Hometown Investment Services, Inc. and HF Financial Group, Inc.  The largest publicly traded savings association headquartered in South Dakota, HF Financial Corp. operates with 33 offices in 19 communities, throughout Eastern South Dakota and one location in Marshall, Minnesota.  Internet banking is also available at www.homefederal.com.

This news release and other reports issued by the Company, including reports filed with the Securities and Exchange Commission, contain "forward-looking statements" that deal with future results, expectations, plans and performance.  In addition, the Company's management may make forward-looking statements orally to the media, securities analysts, investors or others.  These forward-looking statements might include one or more of the following:

  • Projections of income, loss, revenues, earnings or losses per share, dividends, capital expenditures, capital structure, tax benefit or other financial items.
  • Descriptions of plans or objectives of management for future operations, products or services, transactions, investments and use of subordinated debentures payable to trusts.
  • Forecasts of future economic performance.
  • Use and descriptions of assumptions and estimates underlying or relating to such matters. Forward-looking statements can be identified by the fact they do not relate strictly to historical or current facts.  They often include words such as "optimism," "look-forward," "bright," "pleased," "believe," "expect," "anticipate," "intend," "plan," "estimate" or words of similar meaning, or future or conditional verbs such as "will," "would," "should," "could" or "may."

Forward-looking statements about the Company's expected financial results and other plans are subject to certain risks, uncertainties and assumptions.  These include, but are not limited to the following: possible legislative changes and adverse economic, business and competitive conditions and developments (such as shrinking interest margins and continued short-term environments); additional other-than-temporary impairment credit loss incurred in the Company's trust preferred securities portfolio; deposit outflows, reduced demand for financial services and loan products; changes in accounting policies or guidelines, or in monetary and fiscal policies of the federal government; changes in credit and other risks posed by the Company's loan and lease portfolios; the ability or inability of the Company to manage interest rate and other risks; unexpected or continuing claims against the Company's self-insured health plan; the ability or inability of the Company to successfully enter into a definitive agreement for and close anticipated transactions; technological, computer-related or operational difficulties; adverse changes in securities markets; results of litigation; and the other risks detailed from time to time in the Company's SEC filings, including but not limited to, its annual report on Form 10-K for the fiscal year ending June 30, 2009, and its subsequent quarterly reports on Form 10-Q.

Forward-looking statements speak only as of the date they are made.  The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.  Although the Company believes its expectations are reasonable, it can give no assurance that such expectations will prove to be correct.  Based upon changing conditions, should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described in any forward-looking statements.

SOURCE HF Financial Corp.

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IceWEB™, Inc. (OTC Bulletin Board: IWEB), www.iceweb.com, a leading provider of Unified Data Storage and building blocks for cloud storage networks, sees favorable trends in merger and acquisition activity in the data storage market.

John R. Signorello, Chairman and CEO of IceWEB, Inc., commented, "We are seeing some very exciting activity in the data storage market over the past few years.  The recent bidding war for data storage provider 3PAR between Hewlett-Packard and Dell has triggered a great deal of attention to the sector."

On Monday, August 23, 2010, Hewlett-Packard Co. launched a bidding war for data-storage provider 3PAR Inc., making a $1.8 billion bid that is one-third higher than what rival Dell Inc. agreed to pay for the company.  On Friday, August 27, Dell matched HP's offer of $1.8 billion, only to be countered again by HP offering $2 billion for the company.  On Thursday, September 2, after a two-week bidding war between the technology giants, HP offered $33 per share putting the final price tag at $2.35 billion and Dell threw in the towel.  

Both PC makers were looking at 3PAR as a way to build up their "cloud computing" businesses, delivering software, data storage and other services to customers via the Internet.  3PAR could also help them cut data storage expenses.

The offer from HP comes as technology companies appear to be increasing merger and acquisition activity as cash levels sit at record levels, highlighted by the $7.68 billion deal between Intel Corp. and McAfee Inc.  The all-cash deal announced Thursday, August 19, 2010, marks the biggest acquisition in Intel's 42-year history.  It is the sixth biggest deal globally between two technology companies over the past 3 1/2 years, according to Capital IQ, a division of Standard & Poor's.

In 2009, EMC acquired all of the outstanding shares of Data Domain common stock for $33.50 per share in cash.

In 2008, HP Acquired LeftHand Networks for $360 million.  Also in 2008, Dell acquired EqualLogic for $1.4 billion.

The most attractive acquisition candidates offer something innovative that no other company offers.  For example, the software 3PAR offers is designed to maximize available space on data storage hardware -- a cost-cutting step -- by using a technique called "thin provisioning," by which extra capacity can be added as needed.  

According to Senior Analyst, James E Bagley, of Storage Strategies NOW, IceWEB's Unified Storage, "Has a combination of technologies to maximize the capacity efficiency of the storage infrastructure.  Built in compression ensures that highly compressible files are stored efficiently.  Thin Provisioning means that blocks are not allocated until written to, meaning the administrators can assign arbitrarily large volumes to servers without paying the penalty of a lot of wasted space.  The most significant advantage is inline deduplication.  Similar files used by multiple servers or virtual desktops are stored as single images within the storage pool.  This can result in efficiencies as high as 95% in environments with many similar servers.  This combination of features is unprecedented and together means that the overall cost per usable terabyte is one of the best in the industry."

About IceWEB, Inc.

Headquartered just outside of Washington, D.C., IceWEB manufactures and markets data storage products.  For more information, please visit www.IceWEB.com.

This press release may contain forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. In some cases you can identify those so-called "forward looking statements" by words such as "may," "will," "should," "expects," "plans," "targets," "believes," "anticipates," "estimates," "predicts," "potential," or "continue" or the negative of those words and other comparable words. These forward looking statements are subject to risks and uncertainties, product tests, commercialization risks, availability of financing and results of financing efforts that could cause actual results to differ materially from historical results or those anticipated. Further information regarding these and other risks is described from time to time in the Company's filings with the SEC, which are available on its website at: http://www.sec.gov. We assume no obligation to update or alter our forward-looking statements made in this release or in any periodic report filed by us under the Securities Exchange Act of 1934, as amended,  or any other document, whether as a result of new information, future events or otherwise, except as otherwise required by applicable federal securities laws.

Contact:

IceWEB, Inc.

Investor Relations, 571.287.2400

investor@iceweb.com

or

Stephen D. Axelrod, CFA, 212.370.4500

steve@wolfeaxelrod.com

Wolfe Axelrod Weinberger Associates, LLC.



SOURCE IceWEB, Inc.

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Liberty Media Corporation (Nasdaq:  LCAPA, LCAPB, LINTA, LINTB, LSTZA, LSTZB), and QVC, Inc. today announced the refinancing of QVC's bank credit facilities with a new Revolving Credit Facility (the "Revolver").  The Revolver is a multi-currency facility, provides a line of credit of up to $2 billion and replaces QVC's existing credit facilities set to expire between 2011 and March 2014.  Of the $2 billion of capacity available on the Revolver, QVC drew the USD equivalent of $1.83 billion at closing.  

"We are pleased with the successful refinance of QVC's bank debt," said Greg Maffei, President and CEO of Liberty.  "The new facilities enhance QVC's credit profile and further strengthen its balance sheet by providing additional financial flexibility and liquidity."

The interest rate on the Revolver is at a lower rate than the weighted average rate of the previous bank credit facilities and the Revolver extends maturities to September 2015.  QVC's maximum leverage ratio covenant under the Revolver is 3.5x (as compared to 3.75x currently), through September 2012 and 3.25x thereafter.  The Revolver is secured by the stock of QVC and certain of its subsidiaries.  

About Liberty Media Corporation

Liberty Media owns interests in a broad range of electronic retailing, media, communications and entertainment businesses. Those interests are attributed to three tracking stock groups: (1) the Liberty Interactive group (Nasdaq:  LINTA, LINTB), which includes Liberty Media's interests in QVC, Provide Commerce, Backcountry.com, BUYSEASONS, Bodybuilding.com, IAC/InterActiveCorp, and Expedia, (2) the Liberty Starz group (Nasdaq:  LSTZA, LSTZB), which includes Liberty Media's interest in Starz Entertainment, and (3) the Liberty Capital group (Nasdaq:  LCAPA, LCAPB), which includes all businesses, assets and liabilities not attributed to the Interactive group or the Starz group including its subsidiaries Starz Media, LLC, Atlanta National League Baseball Club, Inc., and TruePosition, Inc., Liberty Media's interest in SIRIUS XM Radio, Inc., and minority equity investments in Time Warner Inc. and Live Nation.

Contact:

Courtnee Ulrich


(720) 875-5420



SOURCE Liberty Media Corporation

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Home Service, a leading provider of home emergency repair programs with hundreds of thousands of policies in place, is doing their share to keep homeowners protected. Previously reaching customers through partner utility companies, Home Service has announced that they will be offering their protection program directly to select area homeowners.

The water service line is the pipe that brings freshwater into a home and it is typically the homeowner's responsibility to maintain it. On most properties, this line starts from the curb or well casing and goes all the way into the home, connecting to the water heater, sinks, showers and more. Temperature changes, shifting soil or the age of the line can all be causes of damage. Many times this will result in a loss of water pressure or a loss of water altogether. In other instances, the effects will not be noticed until there is a spike in the water bill due to an underground leak.

Home Service is able to offer emergency solutions that protect homeowners from the hassle and expense of unexpected repairs. "Emergencies do happen and unfortunately, there's very little someone can do to prepare for them," says Jonathan King, Chief Executive Officer of Home Service. "Rather than having to scramble and pay thousands of dollars in the midst of a home emergency, Home Service takes care of the legwork from start to finish."

Home Service will be offering its Water Service Line Protection Plan via a direct mail campaign. This plan offers consumers thousands of dollars in coverage for a low monthly fee. When enrolled in the program, customers have access to a 24-hour emergency hotline that will dispatch a Home Service contractor to make any necessary repairs.

Home Service has established a locally based network of licensed and qualified contractors to serve the area. Every contractor is fully screened, assessed and trained before joining the Home Service network and making repairs at the policyholder's home. "We aim to provide every customer with first class service and make sure that our contractors do the same," says King.  

About Home Service

Home Service USA Corp (HSUSA) is an independent provider of homeowner assistance services. The company was established in 2003 and has grown to protect hundreds of thousands of homeowners against the expense and inconvenience of water, electrical and other home emergencies.    

For more information about Home Service, please go to www.hsusacorp.com.

SOURCE Home Service

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The John Hancock Global Opportunities Fund (JGPAX) won the #1 spot among global equities funds as determined by Bloomberg Markets Magazine in its annual rankings, published in the October issue.  With a 30.7 percent total return for the year ending June 30 and a 10.2 percent five-year total return, the Global Opportunities Fund posted the top score of 97.7 in the overall Bloomberg rankings.

MFC Global Investment Management's Christopher H. Arbuthnot, CFA, is the lead portfolio manager for the Fund.

In addition, the John Hancock Strategic Income Fund (JHFIX) placed sixth among top global bond funds, with a score of 73.2 points, in the Bloomberg rankings.  Managed by MFC Global Investment Management (MFC GIM) senior portfolio managers Daniel S. Janis III and Thomas C. Goggins, the fund posted a one-year total return of 19.3 percent, 6.9 percent for three years, and 5.8 percent for five years.

"We're pleased with Bloomberg's recognition of outstanding performance by these MFC Global Investment Management sub-advised funds," said Keith F. Hartstein, President & CEO.  "The Global Opportunities and Strategic Income funds are a reflection of the overall excellence of the John Hancock family of funds today.  Through our partnership with MFC GIM and 11 other world-class sub-advisors, we are committed to providing access to premier institutional investment strategies which will help shareholders meet their investment goals and objectives."

Bloomberg's mutual fund rankings include only active, open-end, U.S.-domiciled funds with more than $250 million in total assets. Excluded in the rankings were institutional-class, index, sector and market-neutral funds. For the global equity and global bond rankings, the universe was limited to funds with at least one-third of their assets invested outside the U.S.  The Bloomberg scoring model included five equally weighted criteria:  total returns for one, three and five years, and Sharpe ratios for three and five years, all as of June 30.  Sharpe ratios were added because they show how well the return of a fund compensates investors for the risk taken.

In addition to the Bloomberg rankings, the Wall Street Journal's monthly Mutual Fund Review for September 2010 ranked John Hancock Global Opportunities as a "Category King," claiming the top spot of the Global Stock category for its year to date return.  The John Hancock High Yield Fund was also a "Category King," ranked among the top High Yield Taxable funds for its year to date performance.

About John Hancock Funds

The Boston-based mutual fund business unit of John Hancock Financial, John Hancock Funds manages more than $54.6 billion in open-end funds, closed-end funds, private accounts, retirement plans and related party assets for individual and institutional investors at June 30, 2010.  

About John Hancock Financial and Manulife Financial Corporation

John Hancock Financial is a unit of Manulife Financial Corporation, a leading Canadian-based financial services group serving millions of customers in 22 countries and territories worldwide. Operating as Manulife Financial in Canada and in most of Asia, and primarily as John Hancock in the United States, Manulife Financial Corporation offers clients a diverse range of financial protection products and wealth management services through its extensive network of employees, agents and distribution partners. For more than 120 years, clients have looked to Manulife for strong, reliable, trustworthy and forward-thinking solutions for their most significant financial decisions. Funds under management by Manulife Financial and its subsidiaries were Cdn$454 billion (US$428 billion) as at June 30, 2010.

Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE, and under '945' on the SEHK. Manulife Financial may be found on the Internet at www.manulife.com.

The John Hancock unit, through its insurance companies, comprises one of the largest life insurers in the United States. John Hancock offers a broad range of financial products and services, including life insurance, fixed and variable annuities, fixed products, mutual funds, 401(k) plans, long-term care insurance, college savings, and other forms of business insurance. Additional information about John Hancock may be found at www.johnhancock.com.

SOURCE John Hancock Funds

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