Crown Media Holdings Selects Movaris Certainty Software For Sarbanes-Oxley Compliance Management.Business Editors/High-Tech Writers CUPERTINO, Calif.--(BUSINESS WIRE)--March 8, 2004 International Cable Network Implements the Most Comprehensive Sarbanes-Oxley Compliance Software Solution to Increase Investor Confidence Movaris, a leading provider of corporate compliance management software, today announced that Crown Media Holdings, Inc. (Nasdaq:CRWN CRWN Composite Reconfigurable Wireless Network ), owner and operator of the Hallmark Channel, which is currently distributed in more than 120 countries worldwide, has chosen Movaris' Certainty(TM) to help meet the rigorous requirements of Sarbanes-Oxley compliance. Certainty will drive down the total cost of compliance for Crown Media by automating many internal control activities, which were previously being completed manually, without the hiring of additional employees. Crown Media's Hallmark Channel reaches nearly 115 million subscribed viewers around the globe. Crown Media decided on Movaris Certainty after examining numerous compliance software options, because of Certainty's familiar interface and e-mail notification of scheduled compliance tasks, which allows employees to enter the application by simply clicking on a link in their e-mail. Certainty proactively follows up to ensure that all required tasks are completed correctly and on-time. Certainty is the only business process management-based (BPM) application designed specifically for Sarbanes-Oxley compliance. "We want to implement the most comprehensive software application available to manage our compliance initiative, because we are looking to go far beyond meeting the minimum requirements set forth by the Sarbanes-Oxley Act See SOX. . Our compliance initiative will drive additional business benefits including corporate transparency For other definitions of transparency, see . Corporate transparency is a form of radical transparency : The construct removing all barriers to - and facilitating of - free and easy public access to corporate, political and personal information and the laws, rules, social and investor confidence," said Mark Thompson This article is about the Director-General of the BBC. For other individuals with the same name, see Mark Thompson (disambiguation) Mark Thompson (born July 31 1957) is Director-General of the BBC, a post he has held since 2004, and a former chief executive of Channel 4. , senior vice president of Finance and Information Technology at Crown Media Holdings, Inc. "We looked at many vendors and spent a significant amount of time searching for compliance software that could help us address our entire obligation and drive down the cost of compliance. We chose Movaris Certainty because it allows for the continuous improvement of our internal controls, ensuring that we sustain compliance and the confidence of our investors year after year." "Crown Media has embraced Sarbanes-Oxley as an opportunity to demonstrate their commitment to delivering timely, transparent, high quality financial information to investors," said Kurt Garbe, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Movaris. "By choosing Certainty, the only Sarbanes-Oxley software solution to go beyond control documentation to active testing See testing types. and assertion preparation, Crown Media can demonstrate that all financial transactions are being accurately controlled and documented as part of their rigorous approach to full compliance." About Crown Media Holdings Crown Media Holdings, Inc. (Nasdaq:CRWN) owns and operates cable television channels dedicated to high quality, broad appeal, entertainment programming. The Company currently operates and distributes the Hallmark Channel in the U.S. and more than 120 countries. The combined channels have nearly 115 million subscribers worldwide. Through its subsidiary, Crown Media Distribution, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , the Company also distributes award-winning titles from the Hallmark Entertainment Collection for exhibition in a variety of television media including video-on-demand and high definition television. Significant investors in Crown Media Holdings include: Hallmark Entertainment Holdings, Inc., a subsidiary of Hallmark Cards Hallmark Cards, a privately owned American company based in Kansas City, Missouri, is the largest manufacturer of greeting cards in the United States. Approximately 50% of greeting cards sent in the United States every year are manufactured by Hallmark. , Incorporated, Liberty Media Corp., and J.P. Morgan Partners (BHCA (Busy Hour Call Attempts) The number of times a telephone call is attempted during the busiest hour of the day. See busy hour. ), LP, each through their investments in Hallmark Entertainment Investments Co.; VISN VISN Veterans Integrated Service Network VISN Virtual Integrated Sky Network (Loral Orion) VISN Visual Interactive Support Network Management Corp., a for-profit subsidiary of the National Interfaith Cable Coalition; and Hughes Electronics Corporation. About Certainty Movaris Certainty aligns the Sarbanes-Oxley compliance process with the COSO COSO Committee of Sponsoring Organizations of the Treadway Commission COSO Church of Spiral Oak COSO Corporate South COSO Class of Service Override COSO Combat Oriented Supply Operations (USAF) framework, the most widely used approach for designing and evaluating internal controls. Movaris Certainty is the only business process management-based application that spans all three phases of Sarbanes-Oxley compliance: documentation, monitoring and attestation preparation. Movaris Certainty proactively monitors and enforces controls, ensuring that all elements are carried out on time, completely and accurately, while automatically gathering the evidence of compliance that auditors require at attestation time. About Movaris Movaris is a corporate compliance management software company focused on Sarbanes-Oxley. The company's lead product, Certainty, is the only business process management-based application designed specifically to manage a company's entire Sarbanes-Oxley obligation. From initial control definition through ongoing testing and annual attestation preparation, Movaris Certainty ensures that companies will achieve and maintain compliance with Sarbanes-Oxley while reducing the total cost of compliance. Movaris' proven technology is used by customers such as AT&T, Corporate Express, Regis Corporation Regis Corporation is the largest hair salon chain in the world, with over 11,000 salons (including both company-owned and franchises), it is ranked 778 on the Fortune 1000. , Procter & Gamble, FLIR Systems, Electro Scientific Industries (ESI (Edge Side Includes) A markup language for Web pages that enables elements of a Web page to be dynamically assembled in servers distributed throughout the Internet. ), Crown Media Holdings, Inc. and Sun Healthcare Group, Inc. Movaris is privately owned with headquarters in Cupertino, California. For more information, please visit www.movaris.com, or call 888-800-7545. |
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