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avg technologies (AVG) Key Developments

AVG Technologies N.V. Announces the Release of AVG Cleaner for Android 2.1 on the Google Play Store

AVG Technologies N.V. announced the release of AVG Cleaner(TM) for Android(TM) 2.1 on the Google Play(TM) store. The refreshed app features enhanced battery life functionality and has been integrated into AVG Zen(TM) so customers can easily tune-up and check the performance status of their PC, Mac(R) and mobile devices at any time, all from their PC or Android device. AVG Cleaner for Android helps users to keep their devices running smoothly by listing the top apps that consume the most resources and clean up leftover cache files. The 'Battery Saver' feature also helps users save battery life by turning off power-draining features, and the new PRO version adds a choice of three location-based 'Battery Profiles' -- Home, Office, and Car - offering further smart ways to optimize power consumption based on selected location. About AVG Cleaner FREE for Android: Free up storage space by clearing out unwanted apps and junk files including leftover cache files from all installed apps, temporary browsing files, clipboard and history lists of previously used apps and Google Play store visits. Improve overall performance by identifying apps with the top data usage, battery consumption or size on Android devices and offering an uninstall option. In addition to all of the above, AVG Cleaner for Android offers features to extend battery life by showing what features and built-in devices, such as GPS or Auto-rotation, are causing battery drain and having the option to turn them off. Routine automatic cleaning to regularly clean cache, history and advice on additional items that could be removed. About AVG Cleaner PRO for Android: In addition to all the above, the PRO version offers the battery profiles Home, Office and Car profiles to maximize device battery life based on the users location and what you're doing. Available for a monthly subscription at $0.99 or annual $4.99 (US only retail pricing). Users get 30 days free of the PRO features to try out, after which functionality reverts to FREE version. For users wanting to optimize the running of all their devices including PC, Mac(R) and mobile smartphones and tablets, the AVG Performance package is available for an annual subscription of $39.99/year (US only) and includes AVG Cleaner for Android PRO, AVG Cleaner for Mac, AVG PC TuneUp(R), and much more, including the AVG Zen(TM) multi-platform software which allows to monitor all of devices. AVG Cleaner for Android is now also available in 30 languages with the addition of 10 new languages including Finnish, Norwegian, Portuguese (European), Slovak, Spanish (European), and Swedish.

AVG Technologies N.V. Appoints Ronan Dunne as Independent Supervisory Director

AVG Technologies N.V. announced that it has held its annual general meeting of shareholders on June 11, 2014 where Ronan Dunne has been appointed as an independent supervisory director of company's supervisory board for a period of four years ending immediately following the AGM 2018.

AVG Technologies N.V. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Provides Earnings Guidance for the Fiscal 2014

AVG Technologies N.V. announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported total revenue of $93,546,000 compared to $104,726,000 a year ago. Operating income was $24,729,000 compared to $32,298,000 a year ago. Income before income taxes and loss from investment in equity affiliate was $24,672,000 compared to $30,212,000 a year ago. GAAP net income available to ordinary shareholders - basic was $17,943,000, or $0.34 per basic and diluted share, compared with $24,442,000, or $0.45 per basic and diluted share in the prior-year period. Non-GAAP adjusted net income was $30,025,000, or $0.56 per share, compared to $31,812,000, or $0.58 per share in the comparable period in the prior year. Net cash provided by operating activities was $32,712,000 compared to $43,267,000 a year ago. Purchase of property and equipment and intangible assets was $2,717,000 compared to $3,738,000 a year ago. Non-GAAP adjusted operating income was $34,371,000 compared to $39,077,000 a year ago. Non-GAAP adjusted profit before taxes was $34,314,000 compared to $36,991,000 a year ago. Free cash flow was $29,995,000 compared to $39,529,000 a year ago. For the fiscal year 2014, revenue is expected to be in the range of $365 million to $405 million. Non-GAAP adjusted net income is expected to be in the range of $96 million to $112 million; non-GAAP diluted EPS is expected to be in the range of $1.80 to $2.10. GAAP net income is expected to be in the range of $54 million to $70 million; GAAP diluted EPS is expected to be in the range of $1.00 to $1.30. The company's expectation of non-GAAP adjusted net income for fiscal year 2014 excludes share-based compensation expense, acquisition amortization, rationalization and other charges, and assumes a normalized tax rate of 12.5%.

AVG Technologies N.V. Appoints Ronan Dunne to Supervisory Board

AVG Technologies N.V. announced the appointment of Ronan Dunne, Chief Executive Officer of Telefonica UK (O2), to AVG's Supervisory Board. Mr. Dunne became a member of the Telefonica SA Executive Committee in March 2014. Mr. Dunne joined O2 in 2001 and previously held senior positions at the Banque Nationale de Paris, Exel plc. and at Waste Management International plc. Currently, he is also Chairman of Tesco Mobile, Telefonica's highly successful mobile joint venture with Tesco plc. and a non-executive director of the Guardian Media Group.

AVG Technologies N.V., Annual General Meeting, Jun 11, 2014

AVG Technologies N.V., Annual General Meeting, Jun 11, 2014., at 09:30 Central European Standard Time. Location: The offices of Allen & Overy LLP. Agenda: To consider financial statements for the financial year 2013, including the Dutch statutory annual report and annual accounts as well as the annual financial statements filed with the SEC on form 20-F; to consider implementation of the remuneration policy in 2013; to adopt Dutch statutory annual accounts for the financial year 2013; to consider dividend policy and appropriation of the 2013 result; to release from liability of the Management Board members in respect of the exercise of their duties during the financial year 2013; to consider re-appointment of Mr. Little Management Board member; to consider re-appointment of Mr. Fuller and Mr. Eichler as Supervisory Board member; to appoint Mr. Dunne as Supervisory Board member; to approve options for Mr. Dunne; to consider Management Board as competent body to issue shares; to consider increase of the option and RSU pool; to consider authorization of the Management Board to repurchase shares; and to consider questions.

 

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