Companies news

WiderThan Announces Board AppointmentsAndrew P. Kaplan and Chong-Sang Ahn Elected, Antti Kokkinen Re-Elected Members of Board of Directors at General Shareholders' Meeting

SEOUL, South Korea, July 14 /PRNewswire-FirstCall/ -- WiderThan Co., Ltd. , a leading global provider of integrated mobile entertainment solutions for wireless carriers, today announced the election of two new members to its board of directors. Shareholders approved the nominations of Andrew P. Kaplan and Chong-Sang Ahn at the Company's Extraordinary General Shareholders' Meeting held on Monday, July 3, 2006.

Mr. Kaplan is presently Executive Vice President and Chief Financial Officer of Audible, Inc. and has served in such position since June 1999. Previously, Mr. Kaplan served as chief financial officer of each of Thomson Corporation Publishing International, Vertis Inc. and Time-Life Inc. Earlier in his career, Mr. Kaplan was with Ernst & Young. A Certified Public Accountant, Mr. Kaplan received his bachelor's degree in business administration from Florida State University and his master's degree in business administration from Harvard Business School. Mr. Kaplan will also serve as a member of the company's Audit and Board Nomination and Corporate Governance Committees.

Mr. Ahn is presently a Professor at the Seoul School of Integrated Sciences and Technologies. Previously, Mr. Ahn served as President & CEO of both Dacom System Technologies and Dacom International, Inc. Earlier in his career, Mr. Ahn worked for a number of years with the Samsung Group. Mr. Ahn received his bachelor's degree of Science in Textile Engineering from Seoul National University, and master's degrees in business administration from Seoul National University and the Harvard Graduate School.

Also at the meeting, Antti Kokkinen, who has served on the Board of Directors of the Company since 2002, was re-elected for an additional three- year term.

About WiderThan

WiderThan is a leading provider of integrated mobile entertainment solutions for wireless carriers. Our applications, content and services enable wireless carriers to a broad range of mobile entertainment, such as ringback tones, music-on-demand, mobile games, ringtones, messaging and information services, to their subscribers. WiderThan currently provides mobile entertainment solutions to more than 45 wireless carriers in over 20 countries, including SK Telecom in Korea, Cingular Wireless, Sprint Nextel, T-Mobile USA and Verizon Wireless in the United States, Bharti Airtel in India and Globe Telecom in the Philippines.

WiderThan Co., Ltd.

CONTACT: Media: Maya Lee of Fleishman-Hillard, +1-212-453-2317,
leemay@fleishman.com, for WiderThan; Investors: Tania Almond of WiderThan,
+1-571-521-1080, ir@widerthan.com

Web site: http://www.widerthan.com/

Captaris to Present at the 8th Annual Pacific Crest Securities Technology Forum

BELLEVUE, Wash., July 14 /PRNewswire-FirstCall/ -- Captaris, Inc. , a leading provider of Business Information Delivery solutions, today announced that David P. Anastasi, President and Chief Executive Officer, and Peter Papano, Chief Financial Officer, will present at the 8th Annual Pacific Crest Securities Technology Forum at the Sonnenalp Resort, Vail, Colorado on Monday, August 7th at 3:30 p.m. Mountain Time.

The company will host a live Web cast of the conference presentation that can be accessed from the web address http://www.wsw.com/webcast/pc4/capa/ or from the Investor Relations section of the Captaris Web site at http://www.captaris.com/. The Web cast will be archived on the company's website until Monday August 14, 2006.

About Captaris, Inc.

Captaris, Inc. is a leading provider of software products that automate business processes, manage documents electronically and provide efficient information delivery. Our product suite of Captaris RightFax, Captaris Workflow and Captaris Alchemy Document Management is distributed through a global network of leading technology partners. We have customers in financial services, healthcare, government and many other industries, and our products are installed in all of the Fortune 100 and many Global 2000 companies. Headquartered in Bellevue, Washington, Captaris was founded in 1982 and is publicly traded on the NASDAQ National Market under the symbol CAPA. For more information please visit http://www.captaris.com/.

NOTE: The following are registered trademarks of Captaris: Captaris, Alchemy, RightFax, Captaris Document Management, Captaris Interchange and Captaris Workflow. All other brand names and trademarks are the property of their respective owners.

Captaris, Inc.

CONTACT: Melanie Canto of Captaris, Inc., +1-425-638-4048, or
InvestorRelations@Captaris.com; or Todd Kehrli or Jim Byers, both of MKR
Group, LLC, +1-818-556-3700, or captaris@mkr-group.com, for Captaris, Inc.

Web site: http://www.captaris.com/

March Networks Completes Acquisition of Trax Retail Solutions

OTTAWA, ON, July 14 /PRNewswire-FirstCall/ -- March Networks(TM) (TSX:MN; AIM:MNW), a leading provider of Internet Protocol (IP)-based digital video surveillance solutions, announced today that it has completed the acquisition of certain assets of Trax Retail Solutions, Inc. and its affiliated company. Trax is a leading provider of enterprise software for loss prevention, store operations control and profit optimization solutions within the retail sector.

The acquisition of Trax, originally announced on June 6, 2006, was completed for approximately $7.8 million of cash and assumed liabilities, plus an earn-out component.

About March Networks

March Networks(TM) (TSX:MN; AIM:MNW) is a leading provider of innovative IP-based video applications used for security surveillance and monitoring. Our software and hardware solutions allow businesses to increase operational efficiencies, address risk, and manage assets with an integrated set of video- based intelligence tools that support enhanced decision-making. Today, we are ISO 9001:2000 certified and serve the needs of leading banks, retail organizations and transportation authorities in more than 40 countries throughout the world. For more information, please visit http://www.marchnetworks.com/.

Forward-Looking Statements

This release contains certain forward-looking information which is based on the Company's current expectations and assumptions that are subject to a variety of risks and uncertainties that are difficult to predict and that may be beyond March Networks' control. The Company's expectations and assumptions include certain assumptions of future business following the consummation of the acquisition, March Networks' ability to achieve the expected synergies as a result of the acquisition and the strengthening of March Networks' position in the retail vertical market as a result of the acquisition. Actual results could differ materially from those expressed in any forward-looking statements due to risk factors such as (1) the integration of the TRAX business and employees into March Networks and the achievement of expected synergies, (2) the accuracy of the Company's forecasting of acquisition-related restructuring costs, allocation of the purchase price to intellectual property, goodwill and other acquisition related inventory, and other asset adjustments, (3) the ability of March Networks' to compete successfully in a highly competitive and rapidly changing retail marketplace, and (4) the ability of March Networks' to retain key employees of the acquired business. These and other risks and factors are identified in March Networks' public filings with regulatory authorities in Canada. March Networks assumes no obligation to update these forward-looking statements as a result of new information or future events.

(x)MARCH NETWORKS and the MARCH NETWORKS logo are trademarks of March Networks Corporation. All other trademarks are the property of their respective owners.

MARCH NETWORKS CORPORATION

CONTACT: Anil Dilawri, March Networks Corporation,
(613) 591-8181, adilawri@marchnetworks.com

Consolidated Communications Holdings Agrees to Repurchase and Retire 3.8 Million Common Shares in Private Transaction with Providence Equity- Reduces Dividend Obligation by $5.9 Million and Increases Net Cash Flow by $3.0 Million Annually -

MATTOON, Ill., July 14 /PRNewswire-FirstCall/ -- Consolidated Communications Holdings, Inc. today announced that it has entered into an agreement to repurchase and retire approximately 3.8 million shares of its common stock from Providence Equity for approximately $56.7 million, or $15.00 per share. This price per share was based on negotiations between Providence Equity and the company, and represents a 6.5 percent discount to the average closing price of the company's common stock during the last 20 trading days. The closing of the transaction, which is currently expected to occur on July 28, 2006, is subject to certain conditions, including the company's receipt of an amendment to its credit agreement.

Bob Currey, Consolidated's president and chief executive officer, said: "This transaction accomplishes a number of strategic goals. In addition to removing the market overhang related to this large position, it improves cash flow by decreasing our annual dividend obligation by 12.8 percent and improving our payout ratio. Providence has been a great business partner since we re-formed the company in 2002 and we thank the firm for its support."

With this transaction, Providence Equity will have sold its entire position in Consolidated, which, prior to the transaction, totaled approximately 12.7 percent of Consolidated's outstanding shares of common stock. This is a private transaction and will not decrease the company's publicly available shares. The company expects to finance this repurchase using approximately $15.0 million of cash on hand and $41.7 million of additional term-loan borrowings. These additional borrowings are expected to increase the company's after-tax interest expense by approximately $2.5 million annually. After the transaction, the company's total debt is expected to be approximately $596.7 million, which would have resulted in a net debt leverage ratio of 4.23 times for the last twelve months ended March 31, 2006.

About Consolidated

Consolidated Communications Holdings, Inc. is an established rural local exchange company (RLEC) providing voice, data and video services to residential and business customers in Illinois and Texas. Each of the operating companies has been operating in their local markets for over 100 years. With approximately 241,000 local access lines and over 43,000 digital subscriber lines (DSL), Consolidated Communications offers a wide range of telecommunications services, including local and long distance service, custom calling features, private line services, dial-up and high-speed Internet access, digital TV, carrier access services, and directory publishing. Consolidated Communications is the 17th largest local telephone company in the United States.

Safe Harbor

This release contains forward-looking statements regarding future events and the future performance of Consolidated Communications Holdings, Inc. that involve risks, uncertainties and assumptions that could cause actual results to differ materially including, but not limited to, economic conditions, customer demand, increased competition in the relevant market and others. Please see the section entitled "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2005, as well as the documents that we file from time to time with the Securities and Exchange Commission, which contain additional important factors that could cause our actual results to differ from our current expectations and from the forward-looking statements discussed during in this presentation. Because of these risks, uncertainties and assumptions, you should not place undue reliance on the forward-looking statements. Furthermore, forward-looking statements speak only as of the date they are made. We do not undertake any obligation to update or review any such forward-looking information, whether as a result of new information, future events of otherwise.

Consolidated Communications Holdings, Inc.

CONTACT: Stephen Jones, Vice President, Investor Relations of
Consolidated Communications Holdings, Inc., +1-217-258-9522,
investor.relations@consolidated.com; or Investor Relations, Kirsten Chapman of
Lippert - Heilshorn & Associates, +1-415-433-3777, Kirsten@lhai-sf.com, for
Consolidated Communications Holdings, Inc.

Web site: http://www.consolidated.com/

ChipMOS REPORTS JUNE 2006 REVENUE

HSINCHU, Taiwan, July 14 /Xinhua-PRNewswire-FirstCall/ -- ChipMOS TECHNOLOGIES (Bermuda) LTD. ("ChipMOS" or the "Company") today reported its unaudited consolidated revenue for the month of June 2006.

Revenue for the month of June 2006 was NT$1,636.5 million or US$50.6 million, an increase of 5% from NT$1,553.6 million or US$48.0 million for the month of May 2006 and an increase of 28% from NT$1,278.4 million or US$39.5 million for the same period in 2005. (All translations from NT dollars to U.S. dollars were made at the exchange rate of NT$32.37 against US$1.00 as of June 30, 2006.)

ChipMOS' June 2006 consolidated revenue included revenues of ChipMOS TECHNOLOGIES INC., ChipMOS Japan Inc., ChipMOS U.S.A., Inc., ChipMOS TECHNOLOGIES (H.K.) Limited, MODERN MIND TECHNOLOGY LIMITED and its wholly-owned subsidiary ChipMOS TECHNOLOGIES (Shanghai) LTD., and ThaiLin Semiconductor Corp.

About ChipMOS TECHNOLOGIES (Bermuda) LTD.:

ChipMOS ( http://www.chipmos.com.tw/ ) is a leading independent provider of semiconductor testing and assembly services to customers in Taiwan, Japan, and the U.S. With advanced facilities in Hsinchu and Southern Taiwan Science Parks in Taiwan and Shanghai, ChipMOS and its subsidiaries provide testing and assembly services to a broad range of customers, including leading fabless semiconductor companies, integrated device manufacturers and independent semiconductor foundries.

Forward-Looking Statements

Certain statements contained in this announcement may be viewed as "forward-looking statements" within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual performance, financial condition or results of operations of the Company to be materially different from any future performance, financial condition or results of operations implied by such forward-looking statements. Further information regarding these risks, uncertainties and other factors is included in the Company's most recent Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (the "SEC") and in the Company's other filings with the SEC.

Contacts: In Taiwan R.O.C. Dr. S.K. Chen ChipMOS TECHNOLOGIES (Bermuda) LTD. Tel: +886-6-507-7712 Email: s.k._chen@chipmos.com.tw In the U.S. David Pasquale The Ruth Group Tel: +1-646-536-7006 Email: dpasquale@theruthgroup.com

ChipMOS TECHNOLOGIES (Bermuda) LTD.

CONTACT: Dr. S.K. Chen of ChipMOS TECHNOLOGIES (Bermuda) LTD.,
+886-6-507-7712, or s.k._chen@chipmos.com.tw; or David Pasquale of The Ruth
Group for ChipMOS TECHNOLOGIES (Bermuda) LTD., +1-646-536-7006, or
dpasquale@theruthgroup.com

Web site: http://www.chipmos.com.tw/

Charles M. Boesenberg Joins Interwoven Board of DirectorsExperienced CEO of High-Growth Companies Further Deepens Board Expertise

SUNNYVALE, Calif., July 14 /PRNewswire-FirstCall/ -- Interwoven, Inc. , provider of Enterprise Content Management (ECM) solutions for business, today announced that Charles M. Boesenberg, the former CEO and chairman of NetIQ, has been appointed to the Interwoven board of directors.

(Logo: http://www.newscom.com/cgi-bin/prnh/20030430/IWOVLOGO )

"Mr. Boesenberg's experience in the governance of leading technology companies, as both CEO and independent director, will add to the strength of our board," said Frank Fanzilli, Interwoven chairman. "I expect that Chuck will contribute in a broad range of areas as an Interwoven director."

"The Interwoven people who I've met are talented and motivated," Boesenberg said. "The company has a great customer base, and its solutions solve real needs for its clients. I look forward to working with the Interwoven management team."

Chuck Boesenberg brings to the Interwoven board more than 30 years of experience in accelerating growth for high-tech companies. He has held senior executive positions at IBM and Apple Computer, and served as president and CEO of Central Point Software, Magellen Corporation, and Integrated Systems, and was president of MIPS Computer Systems. Boesenberg is a member of the boards of Callidus Software and Onyx Software, and served on the boards of Macromedia, Symantec, Epicor, and Maxtor.

About Interwoven

Interwoven, Inc., provider of Enterprise Content Management solutions for business, enables organizations to unify people, content and processes to minimize business risk, accelerate time-to-value and sustain lower total cost of ownership. Interwoven delivers deep industry-specific solutions which reduce business process cycle time from initial collaboration through design, production, sales, marketing, legal review, IT, and service. Interwoven leads the industry with a service-oriented architecture today and easy-to-use, best- in-class components and solutions. Today, over 3,500 enterprises, law firms, and professional services organizations worldwide are Interwoven customers including BT, Ford, Freshfields Bruckhaus Deringer, Jones Day, Motorola and Yamaha. Interwoven is headquartered in Sunnyvale, Calif., with offices around the world. For more information visit http://www.interwoven.com/.

Investor Relations Contact: Brian Andersen Interwoven, Inc. 408-530-5801 bandersen@interwoven.com Media Relations Contact: Eric Doyle Cohn & Wolfe 415-365-8526 eric_doyle@cohnwolfe.com

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20030430/IWOVLOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Interwoven, Inc.

CONTACT: investors, Brian Andersen of Interwoven, Inc., +1-408-530-5801,
or bandersen@interwoven.com; or media, Eric Doyle of Cohn & Wolfe,
+1-415-365-8526, or eric_doyle@cohnwolfe.com, for Interwoven, Inc.

Web site: http://www.interwoven.com/

Alcatel's Genesys Helps Betfair, the World's Leading Online Betting Exchange, to Increase Productivity by 50 Per Cent

PARIS, July 14 /PRNewswire-FirstCall/ -- Genesys Telecommunications Laboratories, an Alcatel company (NYSE: ALA; Paris: CGEP.PA), announced today that its Genesys Express Outbound solution has enabled Betfair, the world's leading online betting exchange, to increase the productivity of its outbound customer care centre by fifty per cent. Betfair's outbound operations were established in 2005 to enhance customer satisfaction and retention, as well as ensure new users know how to use the website effectively. The solution, deployed by Genesys partner BT, uses preview dialing to reduce the time agents spend dialing customers - significantly increasing the number of calls that they can make per day.

"The Genesys Outbound Voice solution has provided us with the high levels of functionality and manageability that we need in our outbound operation. We've achieved such rapid results because testing during the implementation process with BT was so thorough that by the time we were fully operational there were no unforeseen problems," commented Paul Holmes, Contact Centre Analyst, Betfair. "While we were deploying the solution, the expertise of BT ensured that we got the most from the powerful Genesys solution, so now that we have been fully operational for around a year, we have been able to realize some significant benefits from the solution."

"Outbound calls are an important part of the majority of businesses in the UK, for reasons varying from customer service to customer wins," added Mark Turner, Vice President and Managing Director, Genesys UK and Ireland. "Being able to initiate contact with customers helped to increase the interactivity of a business, and enables it to stay reactive to the ever-changing needs of the customer. Our solution will also help Betfair to gain greater visibility of its operation and to continually improve its service through enhanced processes. "

Genesys outbound voice allows contact centres to provide additional levels of customer service by creating, modifying, running and reporting on outbound service campaigns using comprehensive software dialer technology. Outbound voice gathers customer data from host systems or corporate databases, and then places outbound calls and connects callers to agents. It also intelligently leverages existing customer data to ensure that campaigns are contacting the right customers.

About Betfair

Betfair is the world's leading online betting exchange, a concept it has pioneered. Driven by cutting-edge technology, Betfair enables punters to chose their own odds and bet against each other, even after an event has started. Betfair processes 5 million transactions a day and more than 300 bets per second. For more information: http://www.betfair.com/.

About Genesys Telecommunications Laboratories, Inc.

Genesys, an Alcatel company, is 100 per cent focused on software for contact centers. Leading companies in the Global 2000 and Fortune 1000 use Genesys to deliver interactions that drive better business. With 3,300 customers in 80 countries, Genesys directs more than 100 million customer interactions every day. Genesys allows enterprises to achieve key business objectives by tying together customer interactions, people, and customer information in both traditional telephony and IP environments. Sophisticated routing and reporting across voice, e-mail, documents and Web interactions, coupled with integrated self-service, ensure that customers are quickly connected to the right resource - the first time. Genesys solutions stop customer frustration and allow enterprises to deliver superior customer satisfaction and improved business results. For more information visit us at http://www.genesyslab.com/.

About Alcatel

Alcatel provides communications solutions to telecommunication carriers, Internet service providers and enterprises for delivery of voice, data and video applications to their customers or employees. Alcatel brings its leading position in fixed and mobile broadband networks, applications and services, to help its partners and customers build a user-centric broadband world. With sales of EURO 13.1 billion and 58,000 employees in 2005, Alcatel operates in more than 130 countries. For more information, visit Alcatel on the Internet: http://www.alcatel.com/ .

Genesys Telecommunications Laboratories Inc.

CONTACT: media, Regine Coqueran, +33-0-1-40-76-49-24, or
regine.coqueran@alcatel.com, or Mireille Holopherne, +33-0-1-40-76-51-85, or
mireille.holopherne@alcatel.com, or investors, Pascal Bantegnie,
+33-0-1-40-76-52-20, or pascal.bantegnie@alcatel.com, or Nicolas Leyssieux,
+33-0-1-40-76-37-32, or nicolas.leyssieux@alcatel.com, or Maria Alcon,
+33-0-1-40-76-15-17, or maria.alcon@alcatel.com, or Charlotte
Laurent-Ottomane, +1-703-668-7016, or charlotte.laurent-ottomane@alcatel.com,
all of Alcatel; or Lucille Jackson, +44-118-9747100, or
ljackson@genesyslab.co.uk, or David Radoff, +1-650-466-1078, or
dradoff@genesyslab.com, both of Genesys

Web site: http://www.betfair.com/

Web site: http://www.alcatel.com/

Web site: http://www.genesyslab.com/

Quantum Announces Fiscal First Quarter Results Conference Call

SAN JOSE, Calif., July 14 /PRNewswire-FirstCall/ -- Quantum Corp. , a global leader in storage, will release financial results for the first quarter of fiscal 2007, ended June 30, 2006, on Wednesday, July 26, 2006, after the close of the market. Shortly after the news release is issued, Quantum will hold a conference call at 2 p.m. PDT.

Conference Call: Wednesday, July 26, 2006, 2 p.m. PDT Dial-in Number: (303) 262-2139 (U.S. & International)

A replay of the conference call and webcast will be available once a transcript has been filed with the Securities and Exchange Commission, which Quantum expects will take about 24 hours.

Replay Numbers: (800) 405-2236 (U.S.) (303) 590-3000 (International) Access Code: 11066078 Replay Expiration: Wednesday, August 2, 2006 Audio Webcast:

Quantum will provide a live audio webcast of the first quarter results conference call on Wednesday, July 26, 2006, at 2 p.m. PDT. In addition, an archived webcast will be available for one year.

Webcast Site: http://investors.quantum.com/ About Quantum

Quantum Corp., a global leader in storage, delivers highly reliable backup, recovery and archive solutions that meet demanding requirements for data integrity and availability with superior price/performance and comprehensive service and support. Quantum offers customers of all sizes an unparalleled range of solutions, from leading tape drive and media technologies, autoloaders and libraries to disk-based backup systems. Quantum is the world's largest volume supplier of tape automation, one of the leading providers of tape drives, and a pioneer in the development of disk-based systems optimized for backup and recovery. Quantum Corp., 1650 Technology Drive, Suite 700, San Jose, CA 95110, 408-944-4000, http://www.quantum.com/.

Quantum Corp.

CONTACT: Brad Cohen, Public Relations of Quantum Corp., +1-408-944-4044,
or brad.cohen@quantum.com, or Jenny Lee, Investor Relations of Quantum Corp.,
+1-408-944-4450, or IR@quantum.com

Web site: http://www.quantum.com/

Broadcom Provides Preliminary Report on Equity Award ReviewSelect Highlights of Today's Release- Broadcom's Audit Committee has preliminarily concluded that, for certain option grants awarded during the years 2000-2002, the allocations to individual recipients and/or formal corporate approvals had not been completed as of the original accounting measurement dates.- Consequently, the company expects to record additional non-cash stock- based compensation expense estimated to likely be in excess of $750 million. It believes that substantially all of that expense will be recorded in the years 2000-2003.- No issues have been identified that affect equity awards issued to Broadcom's co-founders or CEOs or any member of the Board of Directors. No equity award has been identified that was not authorized, or where any officer or director approved an individual equity award from which he or she personally benefited.- The additional non-cash stock-based compensation expense will not affect the company's current cash position or financial condition or previously reported revenues and will be offset by corresponding increases in additional paid-in capital, thus leaving shareholders' equity unaffected.- The Audit Committee has determined, with the concurrence of the company's independent auditors, that Broadcom should restate its financial statements for each of the years 2000 through 2005 as well as for the first quarter of 2006 and that the company's financial statements and the related auditors' reports for the affected periods should not be relied upon pending completion of the restatements.- Broadcom's equity incentive award program is very broad-based. Since its inception, approximately 95% of the total stock options and restricted stock units awarded through equity incentive programs have gone to employees of the company other than executive officers.- The company's voluntary equity award review is ongoing. Additional expenses will be incurred and additional issues may be identified for one or more of the periods under review (1998 to present).The foregoing highlights are by necessity brief and are qualified in their entirety by the actual text of the press release set forth below. Investors are urged to read the entire release carefully.

IRVINE, Calif., July 14 /PRNewswire-FirstCall/ -- Broadcom Corporation today provided a preliminary report regarding its voluntary review of equity award practices commenced May 18, 2006.

(Logo: http://www.newscom.com/cgi-bin/prnh/20060609/BROADCOMLOGO )

The review, which is being directed by the Audit Committee of the Board of Directors with the assistance of the company's outside counsel, has not yet been completed, and the Audit Committee has not reached any final conclusions. The company is working closely with Ernst & Young LLP, its independent registered public accounting firm, which must audit any accounting adjustments before they are finalized.

Although the review is ongoing, the Audit Committee has preliminarily concluded that, pursuant to the requirements of Accounting Principles Board Opinion No. 25, Accounting for Stock Issued to Employees (APB 25), the accounting measurement dates for certain stock option grants awarded during the years 2000-2002 differ from the measurement dates previously used for such awards. Specifically, the Committee has determined that, as to the affected grants, allocations to individual recipients and/or formal corporate approvals had not been completed as of the original accounting measurement dates. As a result, new accounting measurement dates will apply to the affected option grants.

Consequently, the company presently expects to record additional non-cash stock-based compensation expense. Although the review is ongoing, and the company is not yet in a position to quantify the expected adjustments, it is currently estimated that the aggregate additional non-cash stock-based compensation expense to be recorded pursuant to APB 25 is likely to be in excess of $750 million. The company currently believes that substantially all of that non-cash expense will be recorded in the years 2000-2003. Most of the additional non-cash expense relates to a broad-based employee focal grant awarded May 26, 2000 (see discussion below).

The additional non-cash stock-based compensation expense under APB 25 will not affect the company's current cash position or financial condition or previously reported revenues and will be offset by corresponding increases in additional paid-in capital, thus leaving shareholders' equity unaffected.

Additional non-cash stock-based compensation expense will also be recorded in the first quarter of 2006 pursuant to the provisions of Statement of Financial Accounting Standards No. 123R, Share-Based Payment (SFAS 123R), although the estimated amount of that expense has not yet been assessed.

Based upon its preliminary conclusions described above, the Audit Committee has determined that the company should restate its financial statements for each of the years ended December 31, 2000 through December 31, 2005 as well as for the first quarter of 2006. After the restatements are completed and audited, the company expects to file an amended Annual Report on Form 10-K for the year ended December 31, 2005, as well as an amended Quarterly Report on Form 10-Q for the quarter ended March 31, 2006, with the Securities and Exchange Commission (SEC).

The Audit Committee has also concluded, with Ernst & Young's concurrence, that the company's financial statements and the related reports of Ernst & Young, and all earnings press releases and similar communications issued by the company, relating to periods after 1999 should not be relied upon pending completion of the restatements.

Because the company's equity award review and Ernst & Young's audit or review of the results thereof have not been completed, it is possible that additional issues concerning equity award accounting measurement dates or the time periods affected could be identified. At this time it appears unlikely that the company will complete its review and the requisite restatements, and that Ernst & Young will complete its audit and review procedures, in time to permit timely filing of the company's Quarterly Report on SEC Form 10-Q for its second quarter ended June 30, 2006.

Although the company cannot yet estimate the extent and timing of the various adjustments that will be required, the aggregate non-cash adjustments for many of the reporting periods are likely to be substantial. The company will record as deferred compensation the intrinsic value of each affected stock option grant valued as of the new accounting measurement date and amortize that value as non-cash stock-based compensation expense over each employee's respective service period. An offsetting credit will be recorded to additional paid-in capital. Any additional non-cash stock-based compensation expense recorded for the periods in question would have the effect of decreasing income from operations, net income, and net income per share (basic and diluted) in periods in which the company reported a profit, and increasing loss from operations, net loss, and net loss per share in periods in which the company reported a loss. In addition, the company's accumulated deficit will increase in each restated period by the cumulative amount of additional non- cash stock-based compensation expense incurred prior to that period-end, which will be offset by a corresponding decrease in deferred compensation, leaving total shareholders' equity unaffected. For periods prior to 2006, adjustments will be required to the company's calculations of pro forma net income (loss) and net income (loss) per share information contained in the footnotes to its financial statements pursuant to the disclosure-only alternative method of SFAS No. 123, Accounting and Disclosure of Stock-Based Compensation (SFAS 123).

The preliminary expense amounts shown in this release have been estimated in accordance with the provisions of APB 25 and related interpretations and do not reflect additional expense amounts to be determined based upon the provisions of SFAS 123, SFAS 123R and any other accounting standard or rule that may be applicable to the periods under review. Broadcom has not yet completed its assessment of the amount or timing of such additional expenses. The company also has not yet completed its assessment of the tax implications of any adjustments.

Based on the results of the review to date, no issues have been identified as to the equity awards issued to Broadcom's co-founders (Henry Samueli and Henry T. Nicholas III), to either of the chief executive officers who succeeded Dr. Nicholas (Alan E. Ross and Scott A. McGregor), or to any member of Broadcom's Board of Directors. The company also has not identified any equity award that was not authorized, or any instance where an officer or director approved an individual equity award from which he or she personally benefited.

"We are making good progress in our equity award review and toward the eventual resolution of this issue," said Mr. McGregor, Broadcom's President and Chief Executive Officer. "In today's announcement, we have presented a comprehensive overview of our progress and conclusions to date. As we have noted before, the overwhelming majority of our employees receive incentive equity awards as an important part of their compensation package. The number of stock options awarded plus the volatility and high valuation of our stock several years ago caused the sizeable additional non-cash expense estimate that we announced today."

Background and Other Preliminary Conclusions of the Review

Broadcom's equity incentive award program is very broad-based. Substantially all U.S. domestic and most international employees receive periodic equity awards to provide incentive compensation in a form that aligns their interests with those of Broadcom's shareholders while reducing the company's cash compensation costs. Since inception, approximately 95% of the total stock options and restricted stock units awarded through equity incentive programs have gone to employees other than executive officers.

Based on the results of the review to date, the issues concerning the timing of formal corporate approvals and allocations to individual recipients with respect to the determination of appropriate equity award accounting measurement dates appear to be limited to the 2000-2002 time period. Nevertheless, because most of the options granted during the 2000-2002 time period had employee service periods of four years or longer, under APB 25 the changes in the affected accounting measurement dates will cause non-cash stock-based compensation expense to be recorded in periods through 2007. The company is not yet in a position to estimate the magnitude of such non-cash charges in the 2004-2007 periods.

Based on the results of the review to date, most of the company's additional non-cash stock-based compensation expense under APB 25 will relate to the broad-based employee focal grant awarded May 26, 2000, in which options to purchase 8.5 million* shares of Broadcom common stock were granted to nearly all employees and officers at that time other than the co-founders. The company's review has determined that, although the aggregate option pool was set aside on May 26, 2000, allocations to individual recipients were not completed until the summer of 2000, a period during which there was a rapid, extraordinary increase in the company's stock price ($75-90 per share* above the May 26 price).

It should be noted that none of the May 26, 2000 options has ever been exercised, and substantially less than 1% of those options remain outstanding.

Similar issues as to the timing of allocations to individual recipients and some issues as to the timing of formal corporate approvals have been identified in a few additional instances with respect to other stock option grants made during the period 2000-2002. Although the magnitude of the accounting adjustment that may be required due to each of these issues is currently expected to be less significant than that related to the May 26, 2000 grant, the resulting adjustments could be substantial.

On July 20, 2006 Broadcom expects to announce revenues for its second quarter ended June 30, 2006 and its cash position at that date, as well as third quarter revenue guidance. The company does not expect to be in a position to announce additional financial results for the second quarter until the Audit Committee and Ernst & Young have completed their equity award reviews and audit procedures, respectively, appropriate accounting adjustments and restated financial statements have been finalized for the first quarter of 2006 and prior periods, and the amended Forms 10-K and 10-Q have been filed with the SEC.

***** * Quantities of options and stock prices described in this release have been adjusted to reflect the company's three-for-two stock split effected through a stock dividend paid February 21, 2006. About Broadcom

Broadcom Corporation is a global leader in semiconductors for wired and wireless communications. Our products enable the delivery of voice, video, data and multimedia to and throughout the home, the office and the mobile environment. Broadcom provides the industry's broadest portfolio of state-of- the-art system-on-a-chip and software solutions to manufacturers of computing and networking equipment, digital entertainment and broadband access products, and mobile devices. These solutions support our core mission: Connecting everything(R).

Broadcom, one of the world's largest fabless semiconductor companies with annual revenue of more than $2.5 billion, is headquartered in Irvine, Calif., and has offices and research facilities in North America, Asia and Europe. Broadcom may be contacted at +1.949.450.8700 or at http://www.broadcom.com/.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:

All statements included or incorporated by reference in this release, other than statements or characterizations of historical fact, are forward- looking statements. These forward-looking statements are based on our current expectations, estimates and projections about our business and industry, management's beliefs, and certain assumptions made by us, all of which are subject to change. Forward-looking statements can often be identified by words such as "anticipates," "expects," "intends," "plans," "predicts," "believes," "seeks," "estimates," "may," "will," "should," "would," "could," "potential," "continue," "ongoing," similar expressions, and variations or negatives of these words, and include, among others, the statements of our current expectations regarding the ultimate outcome of our ongoing equity award review, the anticipated stock-based compensation expenses to be recorded related thereto and the potential impact on our historical and future financial statements. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause our actual results to differ materially and adversely from those expressed in any forward-looking statement.

These risks and uncertainties include, but are not limited to, the possibility that the Audit Committee, in consultation with the company's independent registered public accounting firm and/or the Securities and Exchange Commission (SEC), will determine that the proper accounting for Broadcom's prior stock option grants differs from the accounting treatment upon which the assumptions and forward-looking statements in this release are based; that the scope of the issues as to the timing and accuracy of measurement dates for option awards and the timing of formal corporate approvals may change; that the amount and timing of additional stock-based compensation expenses and other additional expenses to be recorded in connection with affected option grants, and the corresponding restatement of our financial statements, may change based upon the Audit Committee's ongoing analysis; that our ability to file required reports with the SEC on a timely basis may be impaired; that our ability to meet the requirements of the NASDAQ Stock Market for continued listing of our shares may be impaired; that potential claims and proceedings may arise relating to such matters, including shareholder litigation and action by the SEC or other governmental agencies, that might impact the outcome of the Audit Committee's review; that other actions may be taken or required as a result of the Audit Committee review; and that the anticipated accounting adjustments and other factors described above could have negative tax or other implications for the company.

Our Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K, and other SEC filings discuss the foregoing risks as well as other important risk factors that could contribute to such differences or otherwise affect our business, results of operations and financial condition. The forward-looking statements in this release speak only as of the date they are made. We undertake no obligation to revise or update publicly any forward-looking statement for any reason.

Broadcom(R), the pulse logo, Connecting everything(R) and the Connecting everything logo are among the trademarks of Broadcom Corporation and/or its affiliates in the United States, certain other countries and/or the EU. Any other trademarks or trade names mentioned are the property of their respective owners.

Broadcom Business Press Contact Bill Blanning Vice President, Public Relations 949-926-5555 blanning@broadcom.com Broadcom Investor Relations T. Peter Andrew Vice President, Investor Relations 949-926-5663 andrewtp@broadcom.com

Photo: http://www.newscom.com/cgi-bin/prnh/20060609/BROADCOMLOGO Broadcom Corporation; BRCM Corporate

CONTACT: Bill Blanning, Vice President, Public Relations,
+1-949-926-5555, blanning@broadcom.com, or T. Peter Andrew, Vice President,
Investor Relations, +1-949-926-5663, andrewtp@broadcom.com, both of Broadcom

Web site: http://www.broadcom.com/

Managing Director of e-Smart Korea to Address the 6th Annual CardTech Conference in Seoul, Korea

WASHINGTON, July 14 /PRNewswire-FirstCall/ -- e-Smart Technologies, Inc., ("e-SMART" or the "Company") is pleased to announce that Richard Kim, the Managing Director of e-Smart Korea, will be a featured speaker at the 6th Annual CardTech Korea Conference on July 12-14th in Seoul, Korea.

The Korea CardTech Conference is the largest smart card and RFID international exhibition in Korea and the industry's leading trade show and conference representing the latest in security solutions, including smart cards, electronic payments, e-Government, RFID, contact/contactless cards, banking, IT security, retail, electronic payment and transportation applications.

Mr. Kim, e-Smart Korea's Managing Director will speak about "Bio-technical security systems and the multifunction card," focusing on the multi-application use of the advanced biometric Super Smart Card(TM) and the Biometric Verification Security System (BVS2)(TM). Other speakers include Rudolf Ohnesorge, Infineon Technology, Spencer Clark, Dynamic Card Solutions, Sung Hyun Kim, Samsung Electronics Co., Ltd, Hiroshi Shimada, NICSS, Lyung Joo Lee, Cyclops Inc., Tae Hyun Lee, Hyundai Information Technology, Jim Dray, NIST (USA), Jae Suk Lee, Ministry of Information and Communication, Korea, and Jong Myun Lee of Samsung SDS, to name a few.

"It's an honor and a pleasure," said Mr. Kim, "to have the opportunity to share with so many of the world's leaders in smart card technology the unique multi-application security advantages of our Super Smart Card(TM) and Biometric Verification Security System(TM)." The need for safe, efficient and effective security solutions continues to be a priority," said Mr. Kim, "and e-Smart has the solutions to meet today's security needs."

e-Smart is the exclusive licensee in the US and Asia of the Super Smart Card(TM), the Super Smart Passport(TM) and the Biometric Verification Security System (BVS2)(TM). The Company seeks to be the leading provider of high technology security systems that can be used to combat fraud and terrorism. e-Smart's systems and products enable government agencies and commercial enterprises to continuously and securely verify the identity of citizens, personnel, customers and any other persons seeking physical or logical access. e-Smart Technologies offers what experts believe to be the highest form of identity-based and credential-based security with no profiling or erosion of civil rights.

SAFE HARBOR STATEMENT

Statements in this news release that relate to future plans, financial results or projections, events or performance are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. While these statements are made to convey to the public the Company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent the management's opinion. While management believes such representations to be true and accurate based on information available to the Company, at this time, actual results may differ materially from those described.

For more information about e-Smart Technologies, please visit e-Smart's New Website http://www.e-smart.com/ or contact e-Smart Media Relations at 703-768-7477.

e-Smart Technologies, Inc.

CONTACT: e-Smart Media Relations, +1-703-768-7477

Web site: http://www.e-smart.com/

ChipMOS ANNOUNCES ITS REGAINING COMPLIANCE WITH NASDAQ REQUIREMENTS

HSINCHU, Taiwan, July 14 /Xinhua-PRNewswire-FirstCall/ -- ChipMOS TECHNOLOGIES (Bermuda) LTD. ("ChipMOS" or the "Company") announced today that, on July 10, 2006, the board of directors of ChipMOS appointed Mr. Takaki Yamada, President of OKI Semiconductor Manufacturing Company and Assistant Operation Officer of OKI Semiconductor Group, as an independent director to the board of directors to fill the existing vacancy on the board. At a meeting of the board of directors of ChipMOS on June 29, 2006, the board of directors also appointed Mr. Rong Hsu, one of the Company's independent directors, to fill the vacancy on the audit committee.

The Company received a Nasdaq staff letter dated July 13, 2006 confirming that with the appointment of Mr. Yamada to the board of directors and the appointment of Mr. Hsu to the audit committee, the Company has a majority of the board being comprised of independent directors and an audit committee comprising of three independent directors and thus complies with the requirements under Nasdaq Marketplace Rules 4350(c)(1) and 4350(d)(2)(a).

About ChipMOS TECHNOLOGIES (Bermuda) LTD.:

Forward-Looking Statements

ChipMOS TECHNOLOGIES (Bermuda) LTD.

Web site: http://www.chipmos.com.tw/

AsiaInfo to Develop Phase II Prepaid Service Management Platform For Shanghai Netcom

BEIJING and SANTA CLARA, Calif., July 14 /Xinhua-PRNewswire-FirstCall/ -- AsiaInfo Holdings, Inc. , a leading provider of telecom software solutions and security products and services in China, announced today it has entered into a contract with Shanghai Netcom to construct a phase II prepaid service management platform.

(Logo: http://www.newscom.com/cgi-bin/prnh/20040312/CNF002LOGO )

''Through AsiaInfo's enhanced prepaid service management platform, Shanghai Netcom will be able to increase their prepaid service offerings and improve the quality and speed of customer services,'' said Steve Zhang, President and Chief Executive Officer of AsiaInfo. ''The platform will also integrate their support functions and increase general operating efficiency.''

The phase II prepaid service management platform will allow Shanghai Netcom to provide a greater variety of prepaid services to customers and improve the management of all prepaid service data. In addition, it will connect the process management system to the integrated accounting system. It will also reduce complicated system interfaces and enhance the real-time performance and accuracy of information transfer.

In 2005, AsiaInfo developed an integrated accounting system for Shanghai Netcom. The system streamlined the accounting process by linking key functions such as order processing, billing and account settlement. The phase II prepaid service management platform will seamlessly incorporate the accounting system with other business support functions including customer management, customer service, and business resource management.

About AsiaInfo Holdings, Inc.

AsiaInfo Holdings, Inc. is a leading provider of high-quality telecom software solutions and security products and services to some of China's largest enterprises as well as many small and medium sized companies in China. An established leader in the Chinese telecommunications industry, AsiaInfo became a prominent supplier of security products and services in China with the acquisition of Lenovo's non-telecom related IT services business in 2004.

Organized as a Delaware corporation, AsiaInfo began operations in the United States in 1993. The Company moved major operations to China in 1995 and played a significant role in the construction of the national backbones and provincial access networks for all of China's major national telecom carriers, including China Telecom, China Mobile, China Unicom and China Netcom. Since 1998, AsiaInfo has continued diversifying its product offerings and is now a major provider of telecom software solutions in China.

For more information about AsiaInfo, please visit http://www.asiainfo.com/ .

The information contained in this document is as of July 14, 2006. AsiaInfo assumes no obligation to update any forward-looking statements contained in this document as a result of new information or future events or developments.

This document contains forward-looking information about AsiaInfo's operating results and business prospects that involve substantial risks and uncertainties. You can identify these statements by the fact that they use words such as "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," and other words and terms of similar meaning in connection with any discussion of future operating or financial performance. Among the factors that could cause actual results to differ materially are the following: government telecommunications infrastructure and budgetary policy in China; our ability to maintain our concentrated customer base; the long and variable cycles for our products and services that can cause our revenues and operating results to vary significantly from period to period; our ability to meet our working capital requirements; our ability to retain our executive officers; our ability to attract and retain skilled personnel; potential liabilities we are exposed to because we extend warranties to our customers; risks associated with cost overruns and delays; our ability to develop or acquire new products or enhancements to our software products that are marketable on a timely and cost-effective basis; our ability to adequately protect our proprietary rights; the competitive nature of the markets we operate in; political and economic policies of the Chinese government. A further list and description of these risks, uncertainties, and other matters can be found in our Annual Report on Form 10-K for the fiscal year ended December 31, 2004, and in our periodic reports on Forms 10-Q and 8-K (if any) filed with the United States Securities and Exchange Commission and available at http://www.sec.gov/ .

For more information, please contact: For Investors: Eileen Chu AsiaInfo Technologies (China), Inc. Tel: +86-10-8216-6017 Email: ir@asiainfo.com For Media: Rory Macpherson Ogilvy Public Relations Worldwide Tel: +86-10-8520-6553 Email: rory.macpherson@ogilvy.com

Photo: NewsCom:
http://www.newscom.com/cgi-bin/prnh/20040312/CNF002LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, +1-888-776-6555 or +1-212-782-2840 AsiaInfo Holdings, Inc.

CONTACT: Eileen Chu of AsiaInfo Technologies (China), Inc.,
+86-10-8216-6017, or ir@asiainfo.com; Rory Macpherson of Ogilvy Public
Relations Worldwide, +86-10-8520-6553, or rory.macpherson@ogilvy.com, for
AsiaInfo

Silicon Motion Technology Corporation Announces 2006 Second Quarter Earnings Conference Call

SAN JOSE, Calif. and TAIPEI, Taiwan, July 14 /PRNewswire-FirstCall/ -- Silicon Motion Technology Corporation , a fabless semiconductor company that designs, develops, and markets universally compatible, high-performance, low-power semiconductor solutions for the multimedia consumer electronics market, plans to release its 2006 second quarter results after the market closes on July 27, 2006. The Company will host a conference call on July 28, at 10 am, Eastern Time, to discuss its results.

(Speakers) Wallace Kou, President & CEO Richard Wei, CFO CONFERENCE CALL ACCESS NUMBERS: USA (Toll Free): 1 866 825 1692 USA (Toll): 1 617 213 8059 Taiwan (Toll Free) 0080 114 8420 Participant Passcode: 3582 8777 REPLAY NUMBERS (for 7 days): USA (Toll Free): 1 888 286 8010 USA (Toll): 1 617 801 6888 Participant Passcode: 6957 7224

This call will be webcasted on the Company's web site at http://www.siliconmotion.com/. The webcast will also be distributed through the Thomson StreetEvents Network to both institutional and individual investors. Individual investors can listen to the call at http://www.fulldisclosure.com/, Thomson/CCBN's individual investor portal. Institutional investors can access the call via Thomson's password-protected event management site, StreetEvents (http://www.streetevents.com/).

Silicon Motion Technology Corporation

CONTACT: Investor contact, Selina Hsieh of Silicon Motion Technology
Corporation, +886-3-552-6860, Fax +886-3-552-6988, or ir@siliconmotion.com

Web site: http://www.siliconmotion.com/

Cingular Brings 3G Wireless Broadband to San AntonioMobile Broadband Services Transform Mission City Into Metropolitan Hot Spot

SAN ANTONIO, Texas, July 14 /PRNewswire/ -- Cingular Wireless today launched its super-charged wireless network in San Antonio, capable of providing customers with high-speed access to voice or data information in a world that has gone mobile.

The new 3G (third generation) network allows high-speed access to cell phones designed for the higher speed, as well as process wireless data over consumers' high-speed capable phones or on a laptop.

Cingular customers can now more quickly access e-mail, browse the internet, connect to business applications, or watch video clips while on-the-go in the San Antonio area from Somerset to New Braunfels and from Fair Oaks Ranch to St. Hedwig. Customers now have contiguous 3G coverage in the greater San Antonio area and through Austin and the surrounding areas.

"People want mobile access to communications and information services, whether they are visiting the Alamo, dining on the Riverwalk or traveling to and from Austin," said Andy Shibley, vice president and general manager for Cingular in San Antonio. "Our 3G network complements the broadband experience customers already receive at work and home by extending an 'invisible wire' throughout our service area."

Cingular's 3G network is available in 54 communities nearby the major markets of Austin, Dallas-Fort Worth, Houston, Atlanta, Baltimore, Boston, Chicago, Gary (Ind.), Las Vegas, Phoenix, Portland (Ore.), Salt Lake City, San Diego, San Francisco, San Jose (Calif.), Seattle, Tacoma (Wash.) and Washington D.C. The company will expand its 3G network coverage area to most major markets by the end of 2006.

The Cingular 3G network uses HSDPA/UMTS (High Speed Downlink Packet Access/Universal Mobile Telephone System) technology. This technology makes it possible for people to enjoy a wide variety of wireless content. HSDPA/UMTS gives Cingular the advantage of offering simultaneous voice and data services to customers and is based on the global standard for wireless communications - GSM. For businesses and consumers, this means more feature- rich services and content, and for Cingular, a more economical method for carrying traffic and more efficient use of spectrum.

Personal mobility - fast and furious

Customers who want to watch video highlights of last night's Astros game, or get a preview of HBO's Entourage series, can see it all -- and more -- by signing up for Cingular Video. Cingular Video is an on-demand streaming video service with a large selection of popular mobile content that can be viewed on 3G-capable Cingular phones.

"We've tailored Cingular Video so that customers can quickly and easily personalize and access some of their favorite entertainment and information sites," said Shibley. "Imagine a soccer mom who can now get regular weather video updates every 30 minutes from her phone on the way between her son or daughter's activities."

Cingular Video includes local weather forecasts in 100 cities across the country, three times more cities than any other service provider. Basic Cingular Video service includes more options for families from media outlets including ABC TV, Cartoon Network, Adult Swim, CNN, Disney Channel, Disney Mobile Studios, ESPN, FOX Sports, FOX News, FOX TV, FUEL, HBO Family (premium), HBO Mobile (premium), iFilm, Jayski Alerts, Music Choice, NASCAR.com To Go (premium), NCAA Championship Sports Content, NBC, Richard Childress Racing, SPEED, The Weather Channel and TV Guide Channel.

Cingular currently offers 3G service on the powerful LG CU500 handset, a new addition to the 3G handset offering, along with the LG CU320 and Samsung SGH-ZX10 handsets. Cingular will add several other handsets to its product line, including adding support for HSDPA, in the coming months. Cingular Video requires a $19.99 MEdia Net Unlimited data package. Premium content, such as HBO Mobile, is available on an additional monthly subscription basis, while other content, such as music video clips from Music Choice, is available on a pay-per-view basis for a 24-hour period of time.

Cingular Video offers quick access to content users care about most. Cingular Video users can create a personalized home page with up to three links to their favorite video sites. In addition, the service is pre-set to automatically stream localized weather information to a user's personalized "News & Weather" page each day and provides local weather forecasts in 100 cities across the country, three times more cities than any other service provider.

Cingular Video provides the most complete basic-service package of content options available in the U.S. market. Cingular Video is the only service to offer Fox News clips in addition to news broadcasts from CNN and NBC.

Mobilizing business at high-speed

Utilizing its 3G network, Cingular's LaptopConnect solutions give businesses the ability to use their laptops to access the Internet or e-mail, download large files and attachments, or run corporate business applications at average data speeds between 400-700Kbps (kilobits per second) on the downlink, with bursts to more than a megabit per second.

"Businesses need the same fast reliable access to information whether they're working from a desktop in their office or making a presentation to a customer at an offsite location," Shibley said. "They don't want to wait for a large contract to download or access their company's intranet site to check inventory status. With BroadbandConnect, they don't have to anymore."

Cingular LaptopConnect combines either an external LaptopConnect card or an integrated modem within a Laptop and Cingular's Communication Manager to provide access to the 3G network.

Customers can purchase either an Option Wireless GT Max, Novatel U730 or Sierra Wireless AC860 laptop modem card for $99.99, after rebate, when they sign up for a qualifying voice plan and two-year, Unlimited Data Connect plan. Customers can also purchase a Dell Latitude D620 or Dell Latitude D820 at http://www.cingular.com/dell. Cingular's Unlimited DataConnect plan is currently $59.99 those customers who sign up for a two year term and have a qualifying voice plan with Cingular.

Additionally, business customers traveling outside the United States can select one of two international data plans. Cingular DataConnect North America ($109.99 for 100MB) for travel within Canada and Mexico, and DataConnect Global ($139.99 for 100MB), an overseas plan -- both include unlimited data usage on Cingular's domestic data networks. Cingular is the first and only carrier in the world to offer a single card/single rate plan solution for international travelers.

All Cingular LaptopConnect cards and Integrated modems are dual-band HSDPA/UMTS (850/1900Mhz) and quad-band EDGE/GPRS (Enhanced Data Rates for Global Evolution/General Packet Radio Service) in four bands (850/900/1800/1900Mhz), which means the devices are interoperable between the company's nationwide EDGE network and it's 3G network. The Option Wireless GT Max card also includes the 2100Mhz band, offering either HSDPA or UMTS broadband speeds in select countries.

The technology: hsdpa/umts

HSDPA is the high-speed evolution of GSM/EDGE (Global System for Mobile Communication), which shares a common core network and therefore is backward compatible with EDGE/GPRS.

In areas where the 3G network is not available, customers will automatically receive service on the company's EDGE network. The Cingular EDGE network is available in more than 13,000 cities and towns and in areas along 40,000 miles of highways, providing average data speeds between 70-135Kbps. GSM is the world's most popular wireless technology, which is used by more than 1.8 billion people in 210 countries. Cingular customers can make/receive voice calls in more than 190 countries and access data services in more than 100 countries.

The launch is part of the company's $346 million investment in its Texas network this year, which includes $156 million in the South Texas part of the state, including San Antonio. Over the past three years, Cingular has invested more than $1 billion in its Texas network, integrating and deploying GSM/GPRS/EDGE technology, preparing for its 3G (UMTS) deployment, and improving overall coverage and capacity.

About Cingular Wireless

Cingular Wireless is the largest wireless carrier in the United States, serving 55.8 million customers. Cingular, a joint venture between AT&T Inc. and BellSouth Corporation , has the largest digital voice and data network in the nation -- the ALLOVER(TM) network -- and the largest mobile-to-mobile community of any national wireless carrier. Cingular is a leader in third generation wireless technology. Its 3G network is the first widely available service in the world to use HSDPA (High Speed Downlink Packet Access) technology. Cingular is the only U.S. wireless carrier to offer Rollover(R), the wireless plan that lets customers keep their unused monthly minutes. Details of the company are available at http://www.cingular.com/. Get Cingular Wireless press releases emailed to you automatically. Sign up at http://cingular.mediaroom.com/.

Cingular Wireless

CONTACT: Frank Merriman, +1-469-229-7613, or +1-214-538-3496, or
frank.merriman@cingular.com, or Ritch Blasi, +1-973-637-9449, or wireless,
+1-908-612-1760, or ritch.blasi@cingular.com, both of Cingular Wireless

Web site: http://www.cingular.com/
http://www.cingular.com/dell
http://cingular.mediaroom.com/

Garmin(R) Debuts Open Array RadarFour- and Six-Foot Antennas Give Boaters the Big Picture

OLATHE, Kan., July 14 /PRNewswire-FirstCall/ -- Garmin International Inc., a unit of Garmin Ltd. , today announced the debut of the GMR(TM) 404 and GMR 406, two powerful 4kW X-band digital open array radar scanners that offer outstanding clarity, precision and target definition.

The GMR 404 is a 4-foot scanner with 1.8-degree beam width for superior target separation. The GMR 406's 6-foot antenna takes beam width down to 1.1- degrees for an even higher level of detail. Both scanners have a maximum range of 72 nautical miles.

"Our new line of open-array scanners solidifies Garmin as a top choice for mariners who own larger motor yachts," said Gary Kelley, Garmin's vice president of marketing. "The GMR 404 and 406 are great additions to our feature-packed and easy-to-use Garmin Marine Network family."

All radar data is digitally processed within the GMR 404 and 406's pedestal via a digital signal processor, and is efficiently presented on Garmin's GPSMAP(R) 3000 series of chartplotter/multifunction displays (MFDs). Digital processing allows for more precise recognition, enhancement, and filtering of radar echoes -- making the finished display easier to read and interpret.

The sleek, windswept styling of the GMR 404 and 406 is also designed to look great atop any modern yacht. The radar pedestal also features a unique access panel for maintenance in the field -- awkward struggles with a heavy and cumbersome radar pedestal are things of the past.

The GMR 404 and 406 both have radar overlay capability, allowing boaters to reconcile radar signatures with known objects on the chartplotter. The units also offer MARPA (Mini Automatic Radar Plotting Aid) capability, which allow boaters to track the bearing, course, speed and predicted closest approach (by both time and distance) of up to 10 targets. MARPA functionality requires an optional heading sensor.

Both radar arrays feature automatic and manual sensitivity and tuning controls, including gain, sea clutter, and rain clutter -- which allows boaters to spend less time tuning the unit and more time navigating. The units also boast selectable interference rejection, which mitigates the effect of nearby radar transmissions.

Other specifications for the GMR 404 and GMR 406 include: -- Antenna type: End fed slotted waveguide -- Pedestal size: 24" x 11" x 16" -- Beam width: 1.8 (404) and 1.1 (406) degrees horizontal / 25 degrees vertical (both 404 & 406) -- Polarization: Horizontal -- Antenna Gain: 29 dB (404), 30 dB (406) -- Antenna RPM's: 24 rpm and 48 rpm -- Receiver noise figure: Less than 4 dB -- Power output: 4KW -- Maximum range: 72 nm; Minimum range: 20 meters -- Range scales (range rings): 20 meter or +/- 1.5% of range scale, whichever is greater -- Scanning operation Temperature: Range: -10 degrees C to 60 degrees C, and a relative humidity up to 95% at 35 degrees C -- Wind velocity (relative): Withstands up to 100 Kts without performance degradation -- Range ring accuracy: 20 meter +/- 1.5% of range scales, whichever is greater -- Bearing accuracy: 1 degree -- Presentation modes: North up, Course up, Heading up -- MARPA: Tracks up to 10 MARPA targets (heading sensor is required) -- VRM/EBL: 2 user adjustable, capable of floating -- Guard zone alarm: 2 zones, user adjustable -- Zoom mode: 2x and 4x -- Trails: short, medium, and long -- Cable length: 15 meters -- Waterproofing: IEC 60529 IPX6 standards

The Garmin Marine Network can provide important situational awareness data like GPS, radar, sonar, and near real-time graphical weather data and audio channels directly on the GPSMAP 3000 series MFD, through a subscription to XM WX Satellite Weather and XM Radio.

The GMR 404 and GMR 406 are expected to be available in August 2006. The GMR 404 has a suggested retail price of $3599.99, and the GMR 406 has an MSRP of $4399.99. See http://www.garmin.com/ for more details.

Garmin International Inc. is a member of the Garmin Ltd. group of companies, which designs and manufactures navigation, communication and information devices -- most of which are enabled by GPS technology. Garmin is a leader in the general aviation and consumer GPS markets and its products serve aviation, marine, outdoor recreation, automotive, wireless and OEM applications. Garmin Ltd. is incorporated in the Cayman Islands, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. For more information, visit Garmin's virtual pressroom at http://www.garmin.com/pressroom or contact the Media Relations department at 913-397-8200. Garmin and GPSMAP are registered trademarks, and GMR and Garmin Marine Network are trademarks of Garmin Ltd. or its subsidiaries. Anticipated product availability dates are based on management's current expectations and are not guaranteed.

Notice on forward-looking statements:

This release includes forward-looking statements regarding Garmin Ltd. and its business. All statements regarding the company's future product introductions and expected product availability dates are forward-looking statements. Such statements are based on management's current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors listed in the Annual Report on Form 10-K for the year ended December 31, 2005 filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983). A copy of Garmin's Form 10-K can be downloaded at http://www.garmin.com/aboutGarmin/invRelations/finReports.html . No forward- looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made and Garmin undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

Garmin International Inc.

CONTACT: Ted Gartner or Jessica Myers, both of Garmin International
Inc., +1-913-397-8200, media.relations@garmin.com

Web site: http://www.garmin.com/

AT&T Delivers Know-How to Consumers Making the Most of Digital LifestyleOnline Tutorials Will Provide Consumers With Information on Photo Sharing, Digital Video Recorders, Wireless Phones and Related AT&T Services

SAN ANTONIO, July 14 /PRNewswire-FirstCall/ -- Just in time for going back to school, AT&T Inc. has announced a new set of lesson plans designed to help consumers get the most out of the "Digital Lifestyle." New online tutorials, available at http://www.att.com/choice , invite consumers to a hands-on experience with communications and entertainment products and services offered by AT&T, including AT&T Yahoo! High Speed Internet, AT&T| DISH Network and Cingular Wireless.

"Consumers have a strong desire for the next greatest gadget, and we want to ensure that our customers experience all of the benefits of AT&T technologies and services, including wireless phones and content for personal computers and TV devices," said Mikal Harn, vice president of marketing, AT&T Consumer. "The AT&T tutorials and interactive demos are designed to give consumers a hands-on 'how to' experience to help them more fully use the technologies that they currently own but may be underutilizing -- as well as the opportunity to sample technologies they are considering or intending to buy."

The site will launch with demos focused around AT&T's most popular services and features. The company will add additional tutorials every few weeks. The tutorials, through 60-second live action video vignettes, will demonstrate how easy AT&T products and services are to use. Initially, consumers will learn easy tips and tricks for:

-- Storing and sharing photos online -- Recording and viewing digital content on a digital videorecorder -- Setting up and managing a wireless home network

The online tutorial program is another tool designed to position AT&T as a trusted communications and entertainment services provider for consumers. The tutorials illustrate how the innovative and advanced features of AT&T products and services can help make consumers' lifestyles more manageable. New demonstrations in August will include:

-- Setting up and managing TV and Internet parental controls -- Downloading wireless ring tones -- Sharing photos using a Cingular phone

"Competition for the consumer is increasing, and AT&T is uniquely positioned to not only provide consumers with incredible value and flexibility but to also give our customers access to the latest in new technologies and services that complement a digital lifestyle," said Harn. "We want our customers to experience the full value and enjoyment our services offer."

Note: This AT&T release and other news announcements are available as part of an RSS feed at http://www.att.com/rss .

About AT&T

AT&T Inc. is one of the world's largest telecommunications holding companies and is the largest in the United States. Operating globally under the AT&T brand, AT&T companies are recognized as the leading worldwide providers of IP-based communications services to business and as leading U.S. providers of high speed DSL Internet, local and long distance voice, and directory publishing and advertising services. AT&T Inc. holds a 60 percent ownership interest in Cingular Wireless, which is the No. 1 U.S. wireless services provider with 55.8 million wireless customers. Additional information about AT&T Inc. and AT&T products and services is available at http://www.att.com/.

Subsidiaries and affiliates of AT&T Inc. provide products and services under the AT&T brand.

AT&T Inc.

CONTACT: Sue McCain for AT&T Inc., +1-314-982-8664, or
smccain@attnews.us

Web site: http://www.att.com/choice
http://www.att.com/rss

Blue Coat Systems Announces Voluntary Review of Historical Stock Option Practices and Delays Filing Form 10-K for Fiscal 2006

SUNNYVALE, Calif., July 14 /PRNewswire-FirstCall/ -- Blue Coat(R) Systems, Inc. , announced today that it is currently conducting a voluntary review of its historical practices in granting stock options to members of senior management and employees of the Company. Blue Coat has filed a Form 12b-25 with the Securities and Exchange Commission stating that it will be unable to file timely an annual report on Form 10-K for the fiscal year ended April 30, 2006 until this review has been completed.

The Company's Board of Directors has appointed a committee of independent directors to conduct this review. The committee is being assisted by independent legal counsel and accounting experts. The review covers all option grants since the Company's initial public offering in November 1999. The independent committee has also advised the Company's independent registered public accounting firm, Ernst & Young LLP, of its review.

The independent committee has reached a preliminary conclusion that the actual measurement dates for financial accounting purposes of certain stock option grants issued in the past likely differ from the recorded grant dates of such awards. The independent committee has not completed its investigation and is continuing its review of these matters. Based on the preliminary conclusions of the independent committee, the Company believes it may record additional non-cash charges for stock-based compensation expense, but is not yet able to determine the amount of such charges or the resulting tax impact of these actions. The Company similarly is not yet able to determine whether any such compensation charges would be material and require the Company to restate previously issued financial statements.

In light of the ongoing review, the Company stated that it is withdrawing its previously-issued financial outlook for the first fiscal quarter of 2006 (ending July 31, 2006), and that it expects to incur significant legal and professional fees in this quarter.

About Blue Coat Systems

Blue Coat secures Web communications and accelerates business applications across the distributed enterprise. Blue Coat's family of appliances and client-based solutions -- deployed in branch offices, Internet gateways, end points, and data centers -- provides intelligent points of policy-based control enabling IT organizations to optimize security and accelerate performance between users and applications. Blue Coat has installed more than 25,000 appliances worldwide and is ranked #1 by IDC in the Secure Content and Application Delivery segment. Blue Coat is headquartered in Sunnyvale, California, and can be reached at 408-220-2200 or http://www.bluecoat.com/ .

FORWARD LOOKING STATEMENTS: Statements in this press release regarding Blue Coat's financial statements for prior periods and the possible conclusions or determinations to be made by the Board of Directors or the independent committee are forward-looking statements and are subject to the Safe Harbor provisions created by the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current information and expectations, and involve a number of risks and uncertainties. Actual results may differ materially from those projected in such statements due to various factors, including but not limited to, the final conclusions of the Board of Directors, the Audit Committee, the independent committee, and the Company's independent public accountants concerning matters related to the company's stock option grants.

Blue Coat Systems, Inc.

CONTACT: Carla Chun of Blue Coat Systems, Inc., +1-408-220-2318, or
carla.chun@bluecoat.com

Web site: http://www.bluecoat.com/

Conversion Services International to Participate in Shared Insights Business Intelligence & Data Warehousing Conference in San Francisco- Executive from Leading Professional Services Firm to Present Case Study on Business Intelligence and ROI -

EAST HANOVER, N.J., July 14 /PRNewswire-FirstCall/ -- Conversion Services International, Inc. , a premier professional services firm focused on delivering the value in business intelligence, data warehousing and data management solutions to Global 2000 organizations and other businesses, today announced its participation at the Shared Insights' Business Intelligence and Data Warehousing Conference in San Francisco, August 15-17, 2006.

William McKnight, senior vice president of Data Warehousing at Conversion Services International (CSI), will present a client case study on Providing ROI With Business Intelligence with Victor Dudemaine, director, Data Warehouse, Scotiabank, on Wednesday, August 16. This case study provides a framework to help IT professionals research, measure, and present the economic value of a proposed or existing BI initiative.

According to McKnight, "Business intelligence plays a critical role in supporting strategic business initiatives, yet many executives question economic payback. Scotiabank is an example of a client who has achieved tremendous measurable payback from business intelligence. This presentation will cover the process of demonstrating cost-benefit analysis and return-on-investment with business intelligence, and the theory will be demonstrated by Scotiabank's best practices."

In addition, the conference keynote panel consisting of leading business intelligence experts from the vendor community will explore the major issues in today's business intelligence environments in an engaging, fast-paced, informative format moderated by McKnight.

About Shared Insights

Shared Insights' mission is to provide customers with access to the people, information and tools to make better business and technology decisions. Shared Insights leverages the concepts of collaboration, content and community across Live Events, Professional Networks and Hosted Communities to maximize peer interactions and the sharing of best practices, lessons learned and industry trends. Whether an individual seeks an answer to a question, or a company strives for more effective ways to interact with its customers, Shared Insights offers solutions combining the best of established face-to-face practices, with the latest online networking and collaboration technologies.

For more information please visit http://www.sharedinsights.com/ or call 781.995.4740 to speak with a representative today.

About Conversion Services International, Inc.

Conversion Services International, Inc. (CSI) is a leading provider of professional services focusing on strategic consulting, data warehousing, business intelligence, business process reengineering, as well as integration and information technology management solutions. CSI offers an array of products and services to help companies define, develop, and implement the warehousing and strategic use of both enterprise-wide and specific categories of strategic data. CSI's current customers include ADP, Coach, Goldman Sachs, Liberty Mutual, Merck, Morgan Stanley, Pfizer, and Verizon Wireless. Information about CSI can be found on the web at http://www.csiwhq.com/ or by calling its corporate headquarters at 888-CSI-5036.

Note on Forward-Looking Statements

Except for the historical information contained herein, this press release contains, among other things, certain forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. Such statements may include, without limitation, statements with respect to CSI's plans, objectives, expectations and intentions and other statements identified by words such as "may," "could," "would," "should," "believes," "expects," "anticipates," "estimates," "intends," "plans" or similar expressions. These statements are based upon the current beliefs and expectations of CSI's management and are subject to significant risks and uncertainties, including the ability of CSI to be in compliance with all applicable American Stock Exchange continued listing requirements, the ability to maintain revenue growth, the ability to locate and acquire other businesses and to successfully integrate such acquisitions, the ability to decrease operating expenses, and those detailed in CSI's filings with the Securities and Exchange Commission. Actual results may differ from those set forth in the forward-looking statements. These forward-looking statements involve certain risks and uncertainties that are subject to change based on various factors (many of which are beyond CSI's control). CSI undertakes no obligation to update publicly any forward-looking statements.

Conversion Services International, Inc.

CONTACT: Tracee Lee Beebe, Marketing & Communications, Conversion
Services International, Inc., +1-973-560-9400, tbeebe@csiwhq.com

Web site: http://www.csiwhq.com/
http://www.sharedinsights.com/

Mitek Systems and Parascript to Merge Operations and Form World's Largest Image Analytics and Intelligent Recognition Software Provider* Parascript unit holders to receive $80 million in cash and 52 million shares of the company* Creates global leader with Intelligent Recognition software products for the postal, mail automation, Business Process Outsourcing (BPO), banking and financial services industries* Combines complementary technologies for online and offline signature authentication used to combat check fraud and identity theft* Presents new growth opportunities and anticipated annual pre-tax cost synergies* Features strong R&D capabilities in Image Analytics* James DeBello to be CEO, Jeff Gilb to be President and COO* Corporate Headquarters will be based in Boulder, Colorado; Company name to be Parascript, Inc.

SAN DIEGO and BOULDER, Colo., July 14 /PRNewswire-FirstCall/ -- Mitek Systems, Inc., (BULLETIN BOARD: MITK) , located in San Diego, California, and Parascript, LLC, located in Boulder, Colorado, today announced that they have entered into an agreement to create the largest Image Analytics software provider with a broad product portfolio of Intelligent Recognition software and identity validation solutions. The primary driver of the combination is to create a strong platform to pursue growth in revenues and earnings based on the market opportunities for next-generation Image Analytics technology used to accurately capture handwritten or machine printed information from checks, forms, and mail, while dramatically reducing data entry expenses. Image Analytics technology is utilized in check and remittance processing, mail automation, check fraud prevention and identity theft detection. The company will pursue new opportunities for growth by delivering Image Analytics solutions to the government and life sciences industries. The combined company's increased scale, scope and global capabilities are anticipated to enhance long-term value for customers, employees and shareholders. The transaction, which was approved by the board of directors of Mitek and Managers of Parascript LLC., will build upon the complementary strengths of each company.

Strategic Fit Creates Global Leader in Next-Generation Image Analytics

"This combination is about a strategic fit between two experienced and well-respected leaders who together will become a more powerful force in Image Analytics," said James DeBello, President and CEO of Mitek who will become the CEO of the combined company. "A combined Mitek and Parascript will have strong leadership in the areas that will define next-generation recognition software technology, and boast one of the largest research and development capabilities focused on recognition software. We believe this transaction will create enhanced value for shareholders of Mitek and unit holders of Parascript who will benefit from owning what we intend to make the most dynamic, global player in the Image Analytics industry."

Jeff Gilb, President and CEO of Parascript who will become President and COO of the combined company said, "The combination of Parascript and Mitek presents new growth opportunities that were not available to Parascript when it was a privately held company. The recognition software industry is at the beginning of a significant transformation of applications and services -- one that is projected to enable higher performance and greater labor savings for our customers. This brings extraordinary opportunities for our combined business to accelerate its growth. The combination creates a new company with a comprehensive portfolio that will be poised to deliver significant benefits to customers, employees, and shareholders."

Overview of Strategic Combination

The combined company will be named Parascript, Inc. and will derive revenue primarily from North America, Europe and Asia. As of December 31, 2005, the companies had about 130 employees.

The combined company will have: * A strong financial base and anticipated annual pre-tax cost synergies * A formidable position in recognition software for mailing and shipping, check and remittance processing, fraud detection and prevention, and forms processing markets * A growing momentum in advanced fraud prevention and counterfeit detection technologies including security applications * Deep and strong, long-term relationships with major Independent Software Vendors (ISVs), systems integrators and solution providers around the world who service the postal, mail automation, Business Process Outsourcing (BPO), banking and financial services industries * First-rate R&D capabilities, including operations in Moscow, Russia * An experienced management team with a common vision and proven track record * A diversified customer base with a product presence in twenty-two countries A Broad Management Platform

The combined company will be managed by a team that reflects a balance between the two organizations, taking into account the best talents of each company and the multicultural nature of its workforce. Beginning immediately after closing, there will be a Management Committee that will work towards seamless integration, while ensuring continuity in the leadership of the two companies. The Management Committee of the combined company will be headed by Jeff Gilb, President and COO.

Commitments to Customers and Stakeholders

"We are committed to moving forward aggressively after closing and quickly combining our operations and integrating corporate cultures to ensure that we capture the full benefits of this combination for our customers, shareowners, and employees," James DeBello said. "We share a vision of where Image Analytics are going; a commitment to world-class customer service; and a highly skilled, motivated workforce. We are excited about the tremendous opportunity to establish the course for this future together."

Overview of the Transaction

Under the terms of the agreement, Parascript unit owners will receive $80 million in cash and 52 million shares of Mitek common stock. For tax and legal purposes, the transaction is a purchase by Mitek of substantially all of the assets along with associated liabilities of Parascript. For purposes of Generally Accepted Accounting Principles (GAAP), the transaction is anticipated to be treated as a reverse acquisition, with Parascript acquiring Mitek. The transaction is anticipated to be accretive to earnings per share in the first year post closing with synergies, excluding restructuring charges and amortization of intangible assets.

The combined company's common stock will continue to be traded on the Over the Counter Stock Exchange. It is anticipated that the combined company will take action such that it is eligible to be listed on NASDAQ, and to apply for such listing as soon as practicable.

Funding for this transaction is being provided by a combination of $35 million in subordinated convertible notes and $55 million in senior debt from Plainfield Asset Management, LLC. The subordinated notes will be convertible into approximately 22 million shares of Mitek common stock at a conversion price of $1.60 per share. From the remaining funds obtained from Plainfield, we estimate that approximately $9 million will be used for expenses related to the transaction and $1 million will be used for general working capital purposes. In addition, Plainfield has provided a revolving line of credit for up to $5 million. Upon completion of the combination and on a fully-diluted basis, Mitek shareholders will own approximately 22% of the combined company, Parascript unit holders approximately 55% and Plainfield approximately 23% on an as-if-converted basis.

The combined company created by the transaction will be a Delaware corporation, with executive offices located in Boulder, Colorado. The board of directors of the combined company will be composed of seven (7) members, including DeBello and Gilb, Mitek's Chairman John M. Thornton, Parascript director Aron Katz who will serve as Chairman of the combined company, and three (3) independent directors to be mutually agreed upon by Mitek and Parascript, who meet the requirements of NASDAQ.

The transaction is subject to approval by shareholders of Mitek and the unit holders of Parascript, as well as regulatory authorities and to other customary closing conditions. The transaction is expected to close within approximately 6 months. Until the merger is completed, both companies will continue to operate their businesses independently.

About Mitek

Mitek Systems (BULLETIN BOARD: MITK) develops and markets Image Analytics used by financial institutions to detect fraud and improve customer service. Mitek is the exclusive technology provider to the John H. Harland Company for its fraud-safe Validify(TM) check product. The Company also develops and markets a comprehensive suite of intelligent character recognition software used to test, clean, read and authenticate imaged checks and documents. Sold primarily through partners, the Company's software is used in the processing of over 8 billion transactions per year. For more information about Mitek Systems, contact the company at 8911 Balboa Avenue, San Diego, California 92123; 858-503-7810 or visit http://www.miteksystems.com/.

About Parascript

Parascript Intelligent Recognition engines capture, interpret and transform paper-based data into actionable information. Uncovering the hidden meaning of information, we help commercial and government organizations drive higher accuracy and productivity while automating costly data entry. Parascript has grown to be the Intelligent Recognition solution for the U.S. Postal Service and other Global 2000 organizations. Parascript is online at http://www.parascript.com/.

About Plainfield

Based in Greenwich, Connecticut, Plainfield Asset Management LLC is an investment advisor registered with the Securities and Exchange Commission. Plainfield manages approximately $1.3 billion of investment capital for institutions and high net worth individuals based in the United States and abroad. Funds for this transaction will be provided by Plainfield Direct LLC, an entity which makes direct loans to and investments in middle market companies primarily in the United States. Plainfield is online at http://www.pfam.com/.

Legal and Financial Advisors

Mitek's financial advisors on this transaction were Stephens, Inc., with Duane Morris, LLP as legal counsel. Parascript's legal counsel was Davis, Graham and Stubbs.

SAFE HARBOR FOR FORWARD LOOKING STATEMENTS

This press release contains statements regarding the proposed transaction between Parascript and Mitek, the expected timetable for completing the transaction, future financial and operating results, benefits and synergies of the proposed transaction and other statements about Parascript and Mitek 's managements' future expectations, beliefs, goals, plans or prospects that are based on current expectations, estimates, forecasts and projections about Parascript and Mitek and the combined company, as well as Parascript's and Mitek 's and the combined company's future performance and the industries in which Parascript and Mitek operate and the combined company will operate, in addition to managements' assumptions. These statements constitute forward- looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Words such as "expects," "anticipates," "targets," "goals," "projects," "intends," "plans," "believes," "seeks," "estimates," variations of such words and similar expressions are intended to identify such forward-looking statements which are not statements of historical facts. These forward-looking statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to assess. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. These risks and uncertainties are based upon a number of important factors including, among others: the ability to consummate the proposed transaction; difficulties and delays in obtaining regulatory approvals for the proposed transaction; difficulties and delays in achieving synergies and cost savings; potential difficulties in meeting conditions set forth in the definitive purchase agreement entered into by Parascript and Mitek ; fluctuations in the mail, commercial shipping, banking and financial services market; the pricing, cost and other risks inherent in long-term sales agreements; exposure to the credit risk of customers; reliance on a limited number of scientists and engineers that design the products we sell; the social, political and economic risks of our respective global operations; the complexity of products sold; changes to existing regulations or technical standards; existing and future litigation; difficulties and costs in protecting intellectual property rights and exposure to infringement claims by others; and compliance with environmental, health and safety laws. For a more complete list and description of such risks and uncertainties, refer to Mitek's Form 10-K for the year ended September 30, 2005 as well as other filings by Mitek with the US Securities and Exchange Commission. Except as required under the US federal securities laws and the rules and regulations of the US Securities and Exchange Commission, Parascript and Mitek disclaim any intention or obligation to update any forward-looking statements after the distribution of this press release, whether as a result of new information, future events, developments, changes in assumptions or otherwise.

IMPORTANT ADDITIONAL INFORMATION WILL BE FILED WITH THE SEC

In connection with the proposed transaction, Mitek intends to file relevant materials with the Securities and Exchange Commission (the "SEC"), including a Registration Statement on Form S-4, (containing, a Proxy Statement/Prospectus and related materials) to register the Mitek common stock to be issued to Parascript unit holders upon closing of the transaction and to be issuable upon conversion of the Convertible Notes to be issued to Plainfield. Parascript and Mitek plan to mail to security holders a Proxy Statement/Prospectus relating to the proposed transaction. The Registration Statement and the Proxy Statement/Prospectus will contain important information about the transaction and related matters. Investors and security holders of Mitek and Parascript are urged to read the Registration Statement and the Proxy Statement/Prospectus carefully when they are available. Investors and security holders will be able to obtain free copies of the Registration Statement and the Proxy Statement/Prospectus and other documents filed with the SEC by Mitek and through the web site maintained by the SEC at http://www.sec.gov/. In addition, investors and security holders will be able to obtain free copies of the Registration Statement and the Proxy Statement/Prospectus when they become available from Mitek by contacting Investor Relations at http://www.miteksystems.com/, by mail to 8911 Balboa Avenue, Suite B, San Diego, California 92123 or by telephone at 858-503-7810.

Mitek and its directors and executive officers also may be deemed to be participants in the solicitation of proxies from the stockholders of Mitek in connection with the transaction described herein. Information regarding the special interests of these directors and executive officers in the transaction described herein will be included in the Proxy Statement/Prospectus described above. Additional information regarding these directors and executive officers is also included in Mitek's proxy statement for its 2005 Annual Meeting of Stockholders, which was filed with the SEC on or about January 3, 2006. This document is available free of charge at the SEC's web site at http://www.sec.gov/ and from Mitek by contacting Investor Relations at http://www.miteksystems.com/, by mail to 8911 Balboa Avenue, Suite B, San Diego, California 92123 or by telephone at 858-503-7810.

Not a Proxy Statement

This press release is not a proxy statement or a solicitation of proxies from the holders of common stock of Mitek or Parascript and does not constitute an offer of any securities of Mitek for sale. Any solicitation of proxies will be made only by the joint proxy statement/prospectus of Mitek and Parascript that will be mailed to all security holders promptly after it is declared effective by the Securities and Exchange Commission. Investors and security holders of Mitek and Parascript are urged to read the proxy statement/prospectus of Mitek and Parascript and the relevant materials when they become available, because they will contain important information about Mitek and Parascript.

Mitek Systems, Inc.; Parascript, LLC

CONTACT: Tesfaye Hailemichael of Mitek Systems, Inc, +1-858-503-7810,
extension 327, or thailemichael@miteksystems.com; or Yuri G. Prizemin of
Parascript, LLC, +1-303-381-4171, yuri.prizemin@parascript.com

Web site: http://www.miteksystems.com/
http://www.parascript.com/

Schering AG and Avid Radiopharmaceuticals to Develop Novel Approach for Early Diagnostic Imaging of Alzheimer's Disease

BERLIN, Germany, July 14 /PRNewswire-FirstCall/ -- Schering AG, Germany (FSE: SCH, NYSE: SHR) will collaborate with Avid Radiopharmaceuticals Inc., Philadelphia, PA., to develop novel diagnostic imaging agents for Alzheimer's disease. The current lack of clinical methods for definitive diagnosis remains a significant impediment for the management of Alzheimer's patients, as well as for the development of new therapies for this devastating condition.

The compounds made by Avid directly bind to the amyloid plaques in the brain thought to cause Alzheimer's disease. They can be used with a variety of common, non-invasive imaging technologies such as positron emission tomography (PET) scanning. The potential of this compound class to accumulate preferentially in brain structures of Alzheimer's patients with high amyloid beta load has already been demonstrated in pilot human studies.

Under the terms of the agreement, Schering will have the option to assume exclusive rights for the development and commercialization of such compounds for use with PET scanning technology.

"We are committed to driving progress in the growing field of molecular imaging," said Dr. Hans Maier, Head of Global Business Unit Diagnostic Imaging at Schering. "With this novel approach we could be amongst the first to offer a method for early diagnosis of Alzheimer's disease using objective physical measures. We are looking forward to investigating the promise of such innovative agents."

"This collaboration validates our novel approach for early diagnosis of Alzheimer's disease and provides us with additional resources to develop our broad pipeline of molecular imaging pharmaceuticals," said Daniel Skovronsky, M.D., Ph.D., President and C.E.O. of Avid Radiopharmaceuticals. "We are particularly pleased to establish our first product collaboration with Schering AG given their strong commercial presence and track record as a global pioneer in the development of diagnostic imaging agents."

Alzheimer's disease affects an estimated 4.5 million people in the United States alone. That number has doubled since 1980 and is expected to exceed 12 million people by 2050 as the U.S. population ages. Worldwide representative epidemiological surveys estimate that 24.3 million people suffer from dementia today with about 4.6 million new cases every year. The number of people affected will double every 20 years to an estimated 81.1 million by 2040. Of these cases 50% to 75 % are associated with Alzheimer disease.

About Schering AG

Schering AG is a research-based pharmaceutical company. Its activities are focused on four business areas: Gynecology & Andrology, Oncology, Diagnostic Imaging as well as Specialized Therapeutics for disabling diseases. As a global player with innovative products, Schering AG aims for leading positions in specialized markets worldwide. With in-house R&D and supported by an excellent global network of external partners, Schering AG is securing a promising product pipeline. Using new ideas, Schering AG aims to make a recognized contribution to medical progress and strives to improve the quality of life: making medicine work

About Avid Radiopharmaceuticals, Inc.

Avid Radiopharmaceuticals, Inc. (Avid RP) is a product-focused molecular imaging company developing novel diagnostic agents to enable early diagnosis, treatment selection and therapeutic monitoring of serious diseases. The company is a pioneer in the development of agents for diagnosis of Alzheimer's disease. Its lead product candidates are being developed to identify amyloid plaques, which are thought to accumulate in the brain for years before the onset of disease. Avid RP's compounds may enable diagnosis of Alzheimer's disease and also allow researchers to better evaluate therapeutic drug candidates for the prevention or reversal of amyloid plaque build-up in the brain. Avid's technology can be used with a variety of imaging technologies such as positron emission tomography (PET) and single photon computed tomography (SPECT) and is being tested in pilot human studies. For more information, visit http://www.avidrp.com/.

This press release has been published by Corporate Communication of Schering AG, Berlin, Germany.

Your contacts at Schering AG: Media Relations: Oliver Renner, T: +49-30-468-124-31, oliver.renner@schering.de Media Relations: Verena von Bassewitz, T: +49-30-46819-22-06, verena.vonbassewitz@schering.de Investor Relations: Peter Vogt, T: +49-30-468-128-38, peter.vogt@schering.de Your contacts at Avid Radiopharmaceuticals: Corporate: Dr. Daniel Skovronsky, T: +1-215-966-6208, skovronsky@avidrp.com Media Relations: Barbara Lindheim, GendeLLindheim BioCom Partners, T: +1-212-918-4650, blindheim@biocompartners.com Find additional information at: http://www.schering.de/eng

Certain statements in this press release that are neither reported financial results nor other historical information are forward-looking statements, including but not limited to, statements that are predictions of or indicate future events, trends, plans or objectives. Undue reliance should not be placed on such statements because, by their nature, they are subject to known and unknown risks and uncertainties and can be affected by other factors that could cause actual results and Schering AG's plans and objectives to differ materially from those expressed or implied in the forward-looking statements. Certain factors that may cause such differences are discussed in our Form 20-F and Form 6-K reports filed with the U.S. Securities and Exchange Commission. Schering AG undertakes no obligation to update publicly or revise any of these forward-looking statements, whether to reflect new information or future events or circumstances or otherwise.

Schering AG

CONTACT: Your contacts at Schering AG: Media Relations: Oliver Renner,
T: +49-30-468-124-31, oliver.renner@schering.de. Media Relations: Verena von
Bassewitz, T: +49-30-46819-22-06, verena.vonbassewitz@schering.de. Investor
Relations: Peter Vogt, T: +49-30-468-128-38, peter.vogt@schering.de. Your
contacts at Avid Radiopharmaceuticals: Corporate: Dr. Daniel Skovronsky, T:
+1-215-966-6208, skovronsky@avidrp.com. Media Relations: Barbara Lindheim,
GendeLLindheim BioCom Partners, T: +1-212-918-4650,
blindheim@biocompartners.com

(Logo: http://www.newscom.com/cgi-bin/prnh/20041117/LAW022LOGO ) Strategic Fit Creates Global Leader in Next-Generation Image Analytics

Overview of Strategic Combination

The combined company will be named Parascript, Inc. and will derive revenue primarily from North America, Europe and Asia. As of December 31, 2005, the companies had about 130 employees.

Commitments to Customers and Stakeholders

"Our customers will benefit from a partner with the scale and skill to design and deliver advanced Image Analytics software to the market with an unparalleled focus on execution, innovation and customer service. We will continue our commitment to exceeding customers' expectations and delivering the highest quality software," said Jeff Gilb. "Jim DeBello and I will work hard with our leadership team to draw upon the key strengths and culture of technical excellence within each company to uniquely position the combined company for success, growth and value creation from next-generation Image Analytics technology." "We are committed to moving forward aggressively after closing and quickly combining our operations and integrating corporate cultures to ensure that we capture the full benefits of this combination for our customers, shareowners, and employees," James DeBello said. "We share a vision of where Image Analytics are going; a commitment to world-class customer service; and a highly skilled, motivated workforce. We are excited about the tremendous opportunity to establish the course for this future together."

Overview of the Transaction

About Mitek

Mitek Systems develops and markets Image Analytics used by financial institutions to detect fraud and improve customer service. Mitek is the exclusive technology provider to the John H. Harland Company for its fraud-safe Validify(TM) check product. The Company also develops and markets a comprehensive suite of intelligent character recognition software used to test, clean, read and authenticate imaged checks and documents. Sold primarily through partners, the Company's software is used in the processing of over 8 billion transactions per year. For more information about Mitek Systems, contact the company at 8911 Balboa Avenue, San Diego, California 92123; 858-503-7810 or visit http://www.miteksystems.com/.

About Parascript

About Plainfield

Legal and Financial Advisors

Mitek's financial advisors on this transaction were Stephens, Inc., with Duane Morris, LLP as legal counsel. Parascript's legal counsel was Davis, Graham and Stubbs.

SAFE HARBOR FOR FORWARD LOOKING STATEMENTS

This press release contains statements regarding the proposed transaction between Parascript and Mitek, the expected timetable for completing the transaction, future financial and operating results, benefits and synergies of the proposed transaction and other statements about Parascript and Mitek 's managements' future expectations, beliefs, goals, plans or prospects that are based on current expectations, estimates, forecasts and projections about Parascript and Mitek and the combined company, as well as Parascript's and Mitek 's and the combined company's future performance and the industries in which Parascript and Mitek operate and the combined company will operate, in addition to managements' assumptions. These statements constitute forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Words such as "expects," "anticipates," "targets," "goals," "projects," "intends," "plans," "believes," "seeks," "estimates," variations of such words and similar expressions are intended to identify such forward-looking statements which are not statements of historical facts. These forward-looking statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to assess. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. These risks and uncertainties are based upon a number of important factors including, among others: the ability to consummate the proposed transaction; difficulties and delays in obtaining regulatory approvals for the proposed transaction; difficulties and delays in achieving synergies and cost savings; potential difficulties in meeting conditions set forth in the definitive purchase agreement entered into by Parascript and Mitek; fluctuations in the mail, commercial shipping, banking and financial services market; the pricing, cost and other risks inherent in long-term sales agreements; exposure to the credit risk of customers; reliance on a limited number of scientists and engineers that design the products we sell; the social, political and economic risks of our respective global operations; the complexity of products sold; changes to existing regulations or technical standards; existing and future litigation; difficulties and costs in protecting intellectual property rights and exposure to infringement claims by others; and compliance with environmental, health and safety laws. For a more complete list and description of such risks and uncertainties, refer to Mitek's Form 10-K for the year ended September 30, 2005 as well as other filings by Mitek with the US Securities and Exchange Commission. Except as required under the US federal securities laws and the rules and regulations of the US Securities and Exchange Commission, Parascript and Mitek disclaim any intention or obligation to update any forward-looking statements after the distribution of this press release, whether as a result of new information, future events, developments, changes in assumptions or otherwise.

IMPORTANT ADDITIONAL INFORMATION WILL BE FILED WITH THE SEC

In connection with the proposed transaction, Mitek intends to file relevant materials with the Securities and Exchange Commission (the "SEC"), including a Registration Statement on Form S-4, (containing, a Proxy Statement/Prospectus and related materials) to register the Mitek common stock to be issued to Parascript unit holders upon closing of the transaction and to be issuable upon conversion of the Convertible Notes to be issued to Plainfield. Parascript and Mitek plan to mail to security holders a Proxy Statement/Prospectus relating to the proposed transaction. The Registration Statement and the Proxy Statement/Prospectus will contain important information about the transaction and related matters. Investors and security holders of Mitek and Parascript are urged to read the Registration Statement and the Proxy Statement/Prospectus carefully when they are available. Investors and security holders will be able to obtain free copies of the Registration Statement and the Proxy Statement/Prospectus and other documents filed with the SEC by Mitek and through the web site maintained by the SEC at http://www.sec.gov/. In addition, investors and security holders will be able to obtain free copies of the Registration Statement and the Proxy Statement/Prospectus when they become available from Mitek by contacting Investor Relations at http://www.miteksystems.com/ , by mail to 8911 Balboa Avenue, Suite B, San Diego, California 92123 or by telephone at 858-503-7810.

Mitek and its directors and executive officers also may be deemed to be participants in the solicitation of proxies from the stockholders of Mitek in connection with the transaction described herein. Information regarding the special interests of these directors and executive officers in the transaction described herein will be included in the Proxy Statement/Prospectus described above. Additional information regarding these directors and executive officers is also included in Mitek's proxy statement for its 2005 Annual Meeting of Stockholders, which was filed with the SEC on or about January 3, 2006. This document is available free of charge at the SEC's web site at http://www.sec.gov/ and from Mitek by contacting Investor Relations at http://www.miteksystems.com/ , by mail to 8911 Balboa Avenue, Suite B, San Diego, California 92123 or by telephone at 858-503-7810.

Not a Proxy Statement

For more information, reporters may contact: For Mitek Systems, Inc: Tesfaye Hailemichael 858-503-7810, extension 327 thailemichael@miteksystems.com For Parascript, LLC: Yuri G. Prizemin 303-381-4171 yuri.prizemin@parascript.com

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20041117/LAW022LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Mitek Systems, Inc.; Parascript, LLC

CONTACT: Tesfaye Hailemichael of Mitek Systems, Inc., +1-858-503-7810,
ext. 327, thailemichael@miteksystems.com; or Yuri G. Prizemin of Parascript,
LLC, +1-303-381-4171, yuri.prizemin@parascript.com

Web site: http://www.parascript.com/

Web site: http://www.miteksystems.com/

ASE and Powerchip Form Joint Venture to Provide Memory Semiconductor Package and Test Services

TAIPEI, Taiwan, July 14 /Xinhua-PRNewswire-FirstCall/ -- Advanced Semiconductor Engineering, Inc. (TAIEX: 2311; NYSE: ASX) (hereinafter "ASE") and Powerchip Semiconductor Corp. (GTSM: 5346) (hereinafter "Powerchip") today jointly announced that the two companies will raise $50,000,000 USD and form Power ASE Technology, Inc. in Taiwan. This newly established company will focus on memory IC related package and testing services.

ASE will contribute $30,000,000 USD and Powerchip will contribute $20,000,000 USD. The newly established company will lease approximately 6,800 square meters of production space in ASE's Chungli Campus for future production, and will start recruiting employees and installing equipment. Mass production is currently scheduled for 4Q2006.

"ASE Group has historically focused on high-end core logic and ASIC package and testing services without extensive involvement in the memory semiconductor area. ", said Mr. Jason Chang, Chairman of ASE Group. "We believe the DRAM industry has become more consolidated than it was in previous cycles, with solid fundamentals, decreasing imbalance between supply and demand, and lower cyclicality risk. We expect the growth in demand for new generation DRAM and other memory devices will accelerate as we enter a brand new product cycle in personal computers. DRAM companies will align with backend subcontractors to support their ramp up, instead of using subcontractors as an overflow support. In addition, we expect the flash memory market to grow in conjunction with demand for various consumer appliances. This should reduce the risk of product concentration for the memory semiconductor industry."

Powerchip Chairman, Dr. Frank Huang, stated that with the growing market for high density data flash, worldwide demand for memory products has begun another period of growth. Powerchip at the same time is focusing on the production of DRAM and Flash products as well as on expanding its capacity in order to meet market demand. Considering that Powerchip already has three 12" Fabs that will be running at full capacity within the 12 months, together with the construction of Powerchip's four new fabs, to be located in CTSP's Houli park, Powerchip will draw upon past successes and gain another source for packaging and testing. Working together with ASE is an essential factor for Powerchp's growth, and furthermore provides support for Powerchip group's future growth.

Chairman Chang continues, "This JV creates a win-win solution for ASE and Powerchip. Adequate supply of backend capacity will support Powerchip's growth. The new company will make necessary investments in memory testing equipment and leverage ASE's economy of scale in packaging capacity and internal substrate capability. We believe that, with commitment from Powerchip, one of the leading DRAM companies in the world, the overall business risk for the new company will be significantly reduced. ASE can also benefit from the expertise in memory testing obtained from this venture to support the demand for memory testing when we provide SIP and SOC solutions to our customers. This new company enhances our coverage in IC package and testing, and we are very excited about it."

Jason Chang, the Chairman of ASE, will serve as the Chairman of the new JV. Other members of the new JV's management team will be appointed shortly.

Safe Harbor Notice

This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although these forward-looking statements, which may include statements regarding our future results of operations, financial condition or business prospects, are based on our own information and information from other sources we believe to be reliable, you should not place undue reliance on these forward-looking statements, which apply only as of the date of this press release. The words "anticipate", "believe", "estimate", "expect", "intend", "plan" and similar expressions, as they relate to us, are intended to identify these forward- looking statements in this press release. Our actual results of operations, financial condition or business prospects may differ materially from those expressed or implied in these forward-looking statements for a variety of reasons, including risks associated with cyclicality and market conditions in the semiconductor industry; demand for the outsourced semiconductor packaging and testing services we offer and for such outsourced services generally; the highly competitive semiconductor industry; our ability to introduce new packaging, interconnect materials and testing technologies in order to remain competitive; our ability to successfully integrate pending and future mergers and acquisitions; international business activities; our business strategy; general economic and political conditions; possible disruptions in commercial activities caused by natural or human-induced disasters; our future expansion plans and capital expenditures; the strained relationship between the Republic of China and the People's Republic of China; fluctuations in foreign currency exchange rates; and other factors. For a discussion of these risks and other factors, please see the documents we file from time to time with the Securities and Exchange Commission, including our 2005 Annual Report on Form 20-F filed on June 19, 2006.

Contact: ASE, Inc. Powerchip Semiconductor Corp. Room 1901, No. 333, Section 1 15F, 68, Sec. 3, Nanking East Road Keelung Road, Taipei, Taiwan, 110 Taipei, Taiwan Freddie Liu, Financial Controller Eric Tang, Vice ir@aseglobal.com President/Spokesperson pr@psc.com.tw Tel: +886-2-8780-5489 Fax: +886-2-2757-6121 Tel: +886-2-2517-0055 http://www.aseglobal.com/ Fax: +886-2-2517-9208 http://www.psc.com.tw/

Advanced Semiconductor Engineering, Inc.; Powerchip Semiconductor

CONTACT: Freddie Liu of ASE, Inc., +886-2-8780-5489, or fax,
+886-2-2757-6121, ir@aseglobal.com, or Eric Tang of Powerchip Semiconductor
Corp., +886-2-2517-0055, or fax, +886-2-2517-9208, or pr@psc.com.tw

Sand Hill IT Security Acquisition Corp. Files 8-K Announcing St. Bernard Software Second Quarter Billings of $7.5 Million

MENLO PARK, Calif., July 14 /PRNewswire-FirstCall/ -- Sand Hill IT Security Acquisition Corp. (Sand Hill) (BULLETIN BOARD: SHQC.ob) today announced that on July 12, 2006 an 8-K form was filed in connection with the merger with St. Bernard Software, Inc. (St. Bernard), a global provider of security solutions. On July 12, 2006, St. Bernard issued a press release reporting its 2006 second quarter billings of $7.5 million, which represents license and subscription contracts billed to customers during the quarter.

Performance was driven by St. Bernard's product iPrism, an award-winning Internet filtering appliance, which achieved billings of $4.4 million during the quarter. This highlights a 24 percent increase year over year for the product, after adjusting for a one-time event during 2005. Additionally, iPrism new customer billings grew by 41 percent over Q2, 2005.

"We are pleased with St. Bernard's performance over the last quarter. Market demand for their exceptional products validates our confidence in the company," said Humphrey Polanen, Chairman and CEO of Sand Hill. "We look forward to St. Bernard continuing to strengthen its position in the IT security market."

Sand Hill has filed a registration statement on Form S-4 and the proxy statement/prospectus with the SEC in connection with the proposed merger. Stockholders of Sand Hill and St. Bernard Software are urged to read the registration statement and the joint proxy statement/prospectus filed with the SEC because it contains important information. Copies of these documents may be obtained free of charge from the SEC's website at http://www.sec.gov/ or at Sand Hill's web site at http://www.sandhillsecurity.com/.

About Sand Hill IT Security Acquisition Corp.

Headquartered in Menlo Park, California, Sand Hill IT Security Acquisition Corp. is a public targeted acquisition corporation focused exclusively on IT security. Sand Hill consummated its initial public offering on July 30, 2004, through the sale of 4,100,000 units at $6.00 per unit. Each unit was comprised of one share of Sand Hill common stock and two warrants to purchase one share each of Sand Hill common stock. The net proceeds of the offering of approximately $22.1 million are held in a trust account with American Stock Transfer & Trust Company until consummation of a business combination with an operating business in the IT security industry. For more information, visit the Sand Hill web site at http://www.sandhillsecurity.com/.

About St. Bernard Software

St. Bernard Software is a global provider of security solutions, including Internet and email filtering appliances, patch management and data backup. Deployed across millions of computers worldwide, the company's award-winning products deliver innovative security solutions that offer the best combination of ease-of-use, performance and value. Established in 1995 with headquarters in San Diego, California and an international office in the United Kingdom, St. Bernard Software sells and supports its products directly and through partners, distributors and OEM worldwide. For more information, visit the St. Bernard Software web site at http://www.stbernard.com/.

Investor Information

Sand Hill stockholders are urged to read the joint proxy statement/ prospectus filed, and any other relevant materials filed by Sand Hill, because they contain, or will contain, important information about Sand Hill, St. Bernard Software and the proposed merger. These materials and other relevant materials (when they become available) and any other documents filed by Sand Hill with the SEC, may be obtained for free at the SEC's website at http://www.sec.gov/. Investors may obtain free copies of these documents by directing a request to Sand Hill IT Security Acquisition Corp., 3000 Sand Hill Road, Building 1, Suite 240, Menlo Park, CA 94025.

Not a Proxy Statement

This press release is not a proxy statement or a solicitation of proxies from the holders of common stock of Sand Hill or St. Bernard Software and does not constitute an offer of any securities of Sand Hill for sale. Any solicitation of proxies will be made only by the joint proxy statement/prospectus that has been mailed to all stockholders of Sand Hill. Investors and security holders of Sand Hill are urged to read the joint proxy statement/prospectus because it contains important information about Sand Hill and St. Bernard Software.

Media Contact Patricia Block Block Consulting 650-344-6691 pblock@blockconsulting.net

Sand Hill IT Security Acquisition Corp.

CONTACT: Patricia Block of Block Consulting, +1-650-344-6691, or
pblock@blockconsulting.net, for Sand Hill IT Security Acquisition Corp.

Web site: http://www.stbernard.com/
http://www.sandhillsecurity.com/

ASAT Holdings Limited Reports Fourth Quarter and Fiscal Year 2006 Financial Results

HONG KONG and MILPITAS, Calif., July 14 /PRNewswire-FirstCall/ -- ASAT Holdings Limited , a global provider of semiconductor package design, assembly and test services, today announced financial results for the fourth quarter and fiscal year 2006, ended April 30, 2006.

(Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20030414/ASATLOGO )

Net revenue in the fourth quarter of fiscal 2006 was $49.3 million, an increase of 2 percent compared with net revenue of $48.2 million in the third quarter of fiscal 2006.

Net loss in the fourth quarter of fiscal 2006 was $17.1 million, or a loss of $0.13 per American Depository Share (ADS). Fourth quarter net loss includes one-time related charges of $3.9 million for the write-off of property, plant and equipment, $2.7 million in reorganization charges, and $1.0 million in relocation and facilities expenses associated with the Company's move of its manufacturing operations to Dongguan, China.

Fourth quarter net loss compares with a third quarter net loss of $5.9 million, or a loss of $0.05 per ADS. Third quarter net loss included a $2.3 million reversal to other income for the previously accrued write-off of ASAT S.A., ASAT's business in France that was closed as part of ASAT's global restructuring in November 2001.

"We have successfully closed our assembly and test operations in Hong Kong and are completing our move to Dongguan, China," said Robert J. Gange, president and CEO of ASAT Holdings Limited. "The move was completed ahead of schedule with minimal disruption to our overall business. Now that our manufacturing is in the new low-cost facility, we expect the cost savings by operating in Dongguan will be reflected in the October quarter results."

Additional Fourth Quarter Results -- Net revenue for assembly was $46.0 million -- Net revenue for test was $3.3 million -- Capital expenditures were $3.8 million -- Cash and cash equivalents at the end of the fourth quarter were $11.9 million Fiscal 2006 Financial Results

Net revenue for fiscal 2006 was $182.1 million, compared with net revenue of $194.4 million in fiscal 2005. Net loss for fiscal 2006 was $42.4 million, or a loss of $0.32 per ADS. This compares with a net loss of $60.4 million, or a loss of $0.45 per ADS in fiscal 2005.

Financing Commitment

The Company is in the process of obtaining external financing to facilitate its required working capital needs. While ASAT believes receipt of the financing is likely, there can be no assurance that it will be obtained, and if such financing is not obtained for any reason, unless alternate financing is obtained, there may be questions regarding the Company's ability to continue as a going concern.

First Quarter Fiscal 2007 Outlook and Guidance

"The July quarter will mark the end of our move to China," said Mr. Gange. "During the last stage of the move some of our equipment was not available for production. Since we were not able to maximize our full revenue generating potential our July quarter revenue results will be in line with the April quarter."

For the first quarter of fiscal 2007, ending July 31, 2006, the Company expects revenue to be approximately flat with the April quarter.

Conference Call and Webcast

ASAT Holdings Limited is scheduled to hold a conference call today to discuss the financial results and other financial matters in its fourth quarter of fiscal 2006 at 8:30 a.m. ET/5:30 a.m. PT. To access the call, dial 973-582-2794. A live webcast of the call will also be available via the investor relations section of the Company's website at http://www.asat.com/. A replay of the call will be available until July 21, 2006. To access the replay, dial 973-341-3080. The passcode is 7587939.

ASAT Holdings Limited

ASAT Holdings Limited is a global provider of semiconductor package design, assembly and test services. With more than 17 years of experience, the Company offers a definitive selection of semiconductor packages and world- class manufacturing lines. ASAT's advanced package portfolio includes standard and high thermal performance ball grid arrays, leadless plastic chip carriers, thin array plastic packages, system-in-package and flip chip. ASAT was the first company to develop moisture sensitive level one capability on standard leaded products. Today the Company has operations in the United States, Asia and Europe. ASAT, Inc. is a wholly owned subsidiary of ASAT Holdings Limited and the exclusive representative of ASAT for services in North America. For more information, visit http://www.asat.com/.

Safe Harbor

This news release contains statements and information that involve risks, uncertainties and assumptions. These statements and information constitute "forward-looking statements" within the meaning of federal securities laws including Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Such forward-looking statements, including statements regarding expected revenues in the current fiscal quarter, trends in production levels in China, and our capital needs, involve known and unknown risks, uncertainties, assumptions and other factors that could cause the actual performance, financial condition or results of operations of ASAT Holdings Limited to differ materially from those expressed or implied in any forward-looking statement. Investors are cautioned that actual events and results could differ materially from those contained in these statements as a result of a variety of factors, including conditions in the overall semiconductor market and economy, the need for additional funding and the risk that the shareholder financing or the financing as described may not be obtained, our progress in ramping the new China facility, acceptance and demand for the Company's products and services, operational and technological risks and revisions to the preliminary unaudited financial results which may occur during preparation of financial statements and disclosures and the preparation of the Company's Annual report on Form 20-F. The risks, uncertainties and other factors also include, among others, our ability to successfully implement our diversification strategy and our long-term growth strategy, our ability to continue to realize operational efficiencies and improvements to our cost structure, and those risks, uncertainties, assumptions and other factors stated in the section entitled "Risk Factors" in our Annual Report on Form 20-F filed with the United States Securities and Exchange Commission on August 2, 2005 and the section entitled "Risk Factors" in our quarterly reports on Form 6-K filed with the United States Securities and Exchange Commission. The forward-looking statements in this release reflect the current beliefs and expectations of the Company as of this date, and the Company undertakes no obligation to update these projections and forward-looking statements to reflect actual results or events or circumstances that occur after the date of this news release.

Revenue Breakdown by Market Segment Three Months Ended April 30, January 31, 2006 2006 Market Segment % of Net % of Net Revenues Revenues (Unaudited) Communications 54 55 Automotive/Industrial & Other 22 24 Consumer 11 8 PC/Computing 13 13 Revenue Breakdown by Region Three Months Ended April 30, January 31, 2006 2006 Region % of Net % of Net Revenues Revenues (Unaudited) United States 77 76 Europe 12 14 Asia 11 10 Revenue Breakdown by Customer Type Three Months Ended April 30, January 31, 2006 2006 Customer Type % of Net % of Net Revenues Revenues (Unaudited) Fabless 65 61 IDM 35 39 Summary financial data follows ASAT Holdings Limited Consolidated Statements of Operations (USD in thousands, except ADS and share data) For the three months ended April 30, 2006, January 31, 2006 and April 30, 2005 and year ended April 30, 2006 and 2005 Three Months Ended April 30, January 31, April 30, 2006 2006 2005 (Unaudited) (Unaudited) (Unaudited) Net Sales 49,325 48,243 44,035 Cost of sales (Note A) 45,578 43,622 42,876 ----------- ----------- ----------- Gross profit 3,747 4,621 1,159 ----------- ----------- ----------- Operating expenses: Selling, general and administrative 8,578 7,286 7,709 Research and development 848 919 1,033 Reorganization charge (Note B) 2,715 656 215 Litigation settlement (Note C) -- -- 4,603 Facilities and relocation charges 1,054 -- -- Impairment of property, plant and equipment (Note D) 3,890 -- 19,944 ----------- ----------- ----------- Total operating expenses 17,085 8,861 33,504 ----------- ----------- ----------- Loss from operations (13,338) (4,240) (32,345) Other income, net (Note E) 436 2,423 207 Interest expense: - amortization of deferred charges (914) (529) (250) - third parties (3,949) (3,540) (3,592) ----------- ----------- ----------- Loss before income taxes (17,765) (5,886) (35,980) Income tax benefit (expense) 640 19 (743) ----------- ----------- ----------- Net Loss (17,125) (5,867) (36,723) =========== =========== =========== Net loss applicable to common stockholders: Net Loss (17,125) (5,867) (36,723) Preferred shares: Cumulative preferred share dividends (489) (487) -- Accretion of preferred shares (258) (242) -- ----------- ----------- ----------- Net loss applicable to common stockholders (17,872) (6,596) (36,723) =========== =========== =========== Basic and diluted loss per ADS: Basic and diluted: Net loss $(0.13) $(0.05) $(0.27) =========== =========== =========== Basic and diluted weighted average number of ADS outstanding 136,215,598 135,799,792 135,665,379 =========== =========== =========== Basic and diluted loss per ordinary share: Basic and diluted: Net loss $(0.03) $(0.01) $(0.05) =========== =========== =========== Basic and diluted weighted average number of ordinary shares outstanding 681,077,990 678,998,960 678,326,895 =========== =========== =========== Year Ended April 30, April 30, 2006 2005 (Unaudited) (Unaudited) Net Sales 182,115 194,411 Cost of sales (Note A) 168,859 182,319 ----------- ----------- Gross profit 13,256 12,092 ----------- ----------- Operating expenses: Selling, general and administrative 29,448 27,455 Research and development 4,059 4,481 Reorganization charge (Note B) 4,690 928 Litigation settlement (Note C) -- 4,603 Facilities and relocation charges 1,054 -- Impairment of property, plant and equipment (Note D) 3,890 19,944 ----------- ----------- Total operating expenses 43,141 57,411 ----------- ----------- Loss from operations (29,885) (45,319) Other income, net (Note E) 3,438 688 Interest expense: - amortization of deferred charges (1,947) (958) - third parties (14,686) (14,088) ----------- ----------- Loss before income taxes (43,080) (59,677) Income tax benefit (expense) 649 (748) ----------- ----------- Net Loss (42,431) (60,425) =========== =========== Net loss applicable to common stockholders: Net Loss (42,431) (60,425) Preferred shares: Cumulative preferred share dividends (976) -- Accretion of preferred shares (500) -- ----------- ----------- Net loss applicable to common stockholders (43,907) (60,425) =========== =========== Basic and diluted loss per ADS: Basic and diluted: Net loss $(0.32) $(0.45) =========== =========== Basic and diluted weighted average number of ADS outstanding 135,871,564 135,590,676 =========== =========== Basic and diluted loss per ordinary share: Basic and diluted: Net loss $(0.06) $(0.09) =========== =========== Basic and diluted weighted average number of ordinary shares outstanding 679,357,820 677,953,380 =========== =========== Note A: Includes $1,295, $112 and $748 inventory write-down in the three months ended April 30, 2006, January 31, 2006 and April 30, 2005, respectively. Includes $1,802 and $2,416 inventory write-down in the fiscal years ended April 30, 2006 and 2005, respectively. Note B: Includes charges of $2,715, $656 and $215 associated with headcount reductions, primarily in the Company's Hong Kong operations, in the three months ended April 30, 2006, January 31, 2006 and April 30, 2005, respectively. Includes charges of $4,690 and $928 associated with headcount reductions, primarily in the Company's Hong Kong operations, in the fiscal years ended April 30, 2006 and 2005, respectively. Note C: Represents a settlement amount of $4,603 consisting of cash, warrants and rebates on future business associated with a settlement agreement that was executed with Freescale Semiconductor, Inc. in July 2005. Note D: Represents charge of $3,890 for the write-off of certain property, plant and equipment in the three months ended and fiscal year ended April 30, 2006. Represents charge of $19,944 for the write-off and impairment related to certain property, plant and equipment in the three months ended and fiscal year ended April 30, 2005. Note E: For the three months ended January 31, 2006 and fiscal year ended April 30, 2006, other income included a $2,323 reversal for the previously accrued write-off of ASAT S.A., ASAT's business in France that was closed as part of ASAT's global restructuring in November 2001. The three-year statute of limitations, which began in the third quarter of fiscal 2003 and was applicable to the claims arising out of closure of ASAT S.A., expired during the third quarter of fiscal 2006. ASAT Holdings Limited Consolidated Balance Sheets (USD in thousands) As of April 30, 2006, January 31, 2006 and April 30, 2005 April 30, January 31, April 30, 2006 2006 2005 (Unaudited) (Unaudited) (Unaudited) ASSETS Current assets: Cash and cash equivalents 11,915 18,998 32,717 Accounts receivable, net 29,607 22,869 17,680 Inventories 23,319 22,433 18,139 Prepaid expenses and other current assets 8,084 8,433 7,155 ---------- ---------- ---------- Total current assets 72,925 72,733 75,691 Restricted cash 3,320 -- -- Property, plant and equipment, net 93,831 101,459 93,812 Deferred charges, net 7,115 7,623 6,297 Other non-current assets 4,270 2,214 2,946 ---------- ---------- ---------- Total assets 181,461 184,029 178,746 ========== ========== ========== LIABILITIES AND SHAREHOLDERS' DEFICIT Current liabilities: Short-term bank loan -- -- 4,227 Accounts payable 44,075 38,835 26,415 Accrued liabilities 23,698 12,587 18,766 Current portion of capital lease obligations 2,051 2,180 1,737 ---------- ---------- ---------- Total current liabilities 69,824 53,602 51,145 Accounts payable, net of current portion 1,830 3,663 -- Purchase money loan 6,382 5,985 -- 9.25% senior notes due 2011 150,000 150,000 150,000 Capital lease obligations, net of current portion 2,539 2,810 4,057 ---------- ---------- ---------- Total liabilities 230,575 216,060 205,202 ---------- ---------- ---------- Series A Redeemable Convertible Preferred Shares 4,143 3,885 -- ---------- ---------- ---------- Shareholders' deficit: Common stock 6,899 6,862 6,855 Less: Repurchase of shares at par (71) (71) (71) Additional paid-in capital 246,353 246,681 231,108 Deferred stock-based compensation (63) (121) (393) Accumulated other comprehensive loss (223) (240) (234) Accumulated deficit (306,152) (289,027) (263,721) ---------- ---------- ---------- Total shareholders' deficit (53,257) (35,916) (26,456) ---------- ---------- ---------- Total liabilities and shareholders' deficit 181,461 184,029 178,746 ========== ========== ========== ASAT Holdings Limited Consolidated Statements of Cash Flows (USD in thousands) For the three months ended April 30, 2006, January 31, 2006 and April 30, 2005 and for the year ended April 30, 2006 and 2005 Three Months Ended April 30, January 31, April 30, 2006 2006 2005 (Unaudited) (Unaudited)(Unaudited) Operating activities: Net loss (17,125) (5,867) (36,723) Adjustments to reconcile net loss to net cash (used in) provided by operating activities: Depreciation and amortization: Property, plant and equipment 6,543 6,839 8,415 Deferred charges and others 914 529 250 (Gain) Loss on disposal of property, plant and equipment (13) -- -- (Reversal) Amortization of stock-based compensation (23) (79) (55) Non-cash impairment of property, plant and equipment 3,890 -- 19,944 Changes in operating assets and liabilities: Accounts receivable, net (6,738) (842) 2,572 Inventories (842) (3,847) (208) Prepaid expenses and other current assets 349 2,033 (229) Restricted cash (3,320) -- -- Other non-current assets (2,056) (1,540) 14 Accounts payable 4,281 4,561 (2,376) Accrued liabilities 11,111 (5,426) 10,717 ---------- ---------- ----------- Net cash (used in) provided by operating activities (3,029) (3,639) 2,321 ---------- ---------- ----------- Investing activities: Proceeds from disposal of property, plant and equipment 114 -- -- Acquisition of property, plant and equipment (3,823) (9,656) (13,634) ---------- ---------- ----------- Net cash used in investing activities (3,709) (9,656) (13,634) ---------- ---------- ----------- Financing activities: Increase in short-term bank loan -- -- 4,831 Repayment of short-term bank loan -- -- (604) Proceeds from purchase money loan -- 9,150 -- Proceeds from stock options exercised 48 15 15 Proceeds from sale-leaseback transactions -- -- -- Proceeds from issuance of Series A Redeemable Convertible Preferred Shares -- -- -- Payment of debt issuance costs -- -- (68) Payment of financing costs (10) (106) (510) Repayment of capital lease obligations (400) (391) (406) ---------- ---------- ----------- Net cash (used in) provided by financing activities (362) 8,668 3,258 ---------- ---------- ----------- Net decrease in cash and cash equivalents (7,100) (4,627) (8,055) Cash and cash equivalents at beginning of period 18,998 23,611 40,810 Effects of foreign exchange rates change 17 14 (38) ---------- ---------- ----------- Cash and cash equivalents at end of period 11,915 18,998 32,717 ============ ========== =========== Supplemental disclosure of cash flow information: Cash paid during the period for: Interest expense 93 7,018 126 Income taxes -- 15 -- Purchase of property, plant and equipment by increasing capital lese obligations -- -- -- Non-cash financing activity: Waiver of payment to QPL in exchange of Series A Redeemable Convertible Preferred Shares -- -- -- Year Ended April 30, April 30, 2006 2005 (Unaudited) (Unaudited) Operating activities: Net loss (42,431) (60,425) Adjustments to reconcile net loss to net cash (used in) provided by operating activities: Depreciation and amortization: Property, plant and equipment 26,886 31,682 Deferred charges and others 1,947 958 (Gain) Loss on disposal of property, plant and equipment (14) 136 (Reversal) Amortization of stock-based compensation (186) 133 Non-cash impairment of property, plant and equipment 3,890 19,944 Changes in operating assets and liabilities: Accounts receivable, net (11,927) 8,744 Inventories (5,301) 3,408 Prepaid expenses and other current assets (929) (1,457) Restricted cash (3,320) -- Other non-current assets (1,324) (2,946) Accounts payable 19,735 (5,017) Accrued liabilities 5,914 6,726 ---------- ----------- Net cash (used in) provided by operating activities (7,060) 1,886 ---------- ----------- Investing activities: Proceeds from disposal of property, plant and equipment 116 13 Acquisition of property, plant and equipment (23,520) (40,740) ---------- ----------- Net cash used in investing activities (23,404) (40,727) ---------- ----------- Financing activities: Increase in short-term bank loan -- 4,831 Repayment of short-term bank loan (4,227) (604) Proceeds from purchase money loan 9,150 -- Proceeds from stock options exercised 109 233 Proceeds from sale-leaseback transactions -- 6,540 Proceeds from issuance of Series A Redeemable Convertible Preferred Shares 7,500 -- Payment of debt issuance costs -- (617) Payment of financing costs (1,677) (510) Repayment of capital lease obligations (1,204) (746) ---------- ----------- Net cash (used in) provided by financing activities 9,651 9,127 ---------- ----------- Net decrease in cash and cash equivalents (20,813) (29,714) Cash and cash equivalents at beginning of period 32,717 62,610 Effects of foreign exchange rates change 11 (179) ---------- ----------- Cash and cash equivalents at end of period 11,915 32,717 ============ ============ Supplemental disclosure of cash flow information: Cash paid during the period for: Interest expense 14,239 14,248 Income taxes 639 5 Purchase of property, plant and equipment by increasing capital lese obligations -- 6,540 Non-cash financing activity: Waiver of payment to QPL in exchange of Series A Redeemable Convertible Preferred Shares 7,500 --

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20030414/ASATLOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com ASAT Inc.

CONTACT: Robert Gange, President and CEO of ASAT Holdings Limited,
ir@asat.com; or Jim Fanucchi of Summit IR Group Inc., +1-408-404-5400, or
ir@asat.com, for ASAT Holdings Limited

Web site: http://www.asat.com/

Greater China VoIP Product Exports Projected to Top 22 Million Units in 2006, up 14 Percent over 2005

HONG KONG, July 14 /Xinhua-PRNewswire-FirstCall/ -- Greater China manufacturers are expected to produce 29 million VoIP products in 2006. Exports are estimated to hit 22.66 million units -- an increase of 14 percent over 2005 estimates, according to Global Sources' China Sourcing Report: VoIP Products ( http://www.chinasourcingreports.com/ ).

(Logo: http://www.newscom.com/cgi-bin/prnh/20030303/LNM011LOGO-b )

Report publisher, Mark Saunderson, said: "Telephony solutions are expected to drive growth in the worldwide VoIP market. Telephony product exports for 2006 are forecast to increase 52 percent year-on-year, revolving around the integration of wireless technologies, led by Bluetooth and WLAN.

"The convergence of voice and video applications is also expected to gain ground this year. Several companies in Taiwan already are including VoIP videophones in their product line-ups," he said.

The report indicates that buyers sourcing VoIP products from Taiwan, Hong Kong and mainland China can expect a growing yet very dynamic supply market in the coming year. Findings are based on in-depth manufacturer interviews, factory visits and surveys.

Mainland China, Hong Kong and Taiwan Manufacturers Face Challenges

China Sourcing Report: VoIP Products notes that while Greater China's production and exports are growing, competition from makers in North America and Europe could reduce its worldwide market share. Taiwan's Market Intelligence Center forecasts that Greater China's share of the global market in 2006 could drop from 82 percent to 61 percent.

The report also shows: -- Worldwide subscriptions for residential VoIP are expected to hit 197.2 million users by 2010, up from 4.8 million in 2004 -- Taiwan leads product development and production in Greater China with VoIP gateways, phones, terminal adaptors and routers -- USB phones, USB gateways and high-end IP PBXs dominate VoIP production in mainland China

Hong Kong makers are positioning themselves in the middle ground between the high-volume capability of mainland China companies and the technological strength of the Taiwan makers.

China Sourcing Report: VoIP Products examines trends in manufacturing, design and pricing in the rapidly expanding VoIP industry. It provides in-depth profiles of 30 leading manufacturers in mainland China, Taiwan and Hong Kong, plus prices and specifications for 123 top-selling export products.

Global Sources' China Sourcing Reports provide proprietary market information from extensive factory visits and in-person interviews with China manufacturers. They help buyers make better-informed purchasing decisions.

China Sourcing Reports ( http://www.chinasourcingreports.com/ ) are part of Global Sources' sourcing and product information services, which include Global Sources trade magazines, Global Sources Online ( http://www.globalsources.com/ ) , Global Sources Direct ( http://www.globalsourcesdirect.com/ ) and the China Sourcing Fairs ( http://www.chinasourcingfair.com/ ) . For more information, visit http://www.corporate.globalsources.com/ .

China Sourcing Report: VoIP Products is available at http://www.chinasourcingreports.com/csr/Telecom-Products/VoIP- Products/p/CSRVOI/Main.htm?dmsource=HP102AML .

About Global Sources

Global Sources is a leading business-to-business (B2B) media company and a primary facilitator of two-way trade with Greater China. The core business is facilitating trade from Greater China to the world, using a wide range of English-language media. The other key business segment facilitates trade from the world to Greater China using Chinese-language media.

The company provides sourcing information to volume buyers and integrated marketing services to suppliers. It helps a community of over 484,000 active buyers source more profitably from complex, overseas supply markets. With the goal of providing the most effective ways possible to advertise, market and sell, Global Sources enables suppliers to sell to hard-to-reach buyers in 230 countries.

The company offers the most extensive range of media and export marketing services in the industries it serves. It delivers information on 1.8 million products and more than 130,000 suppliers annually through 11 online marketplaces, ten monthly magazines, over 100 sourcing research reports and 14 trade shows, including six China Sourcing Fairs. Suppliers receive more than 6.6 million sales leads annually from buyers through Global Sources Online ( http://www.globalsources.com/ ) alone.

Global Sources has been facilitating global trade for 35 years. In mainland China it has 1,400 team members in 44 locations, and a community of over 1 million registered online users and magazine readers for Chinese-language media.

Global Sources Press Contact in Asia: Camellia So Tel: +852-2555-5043 Email: cso@globalsources.com Global Sources Investor Contact in Asia: Eddie Heng Tel: +65-6547-2850 Email: eheng@globalsources.com Global Sources Press Contact in U.S.: James W.W. Strachan Tel: +1-602-978-7504 Email: strachan@globalsources.com Global Sources Investor Contact in U.S.: Kirsten Chapman & Moriah Shilton Lippert/Heilshorn & Associates, Inc. Tel: +1-415-433-3777 Email: kirsten@lhai-sf.com

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20030303/LNM011LOGO-b
PRN Photo Desk, photodesk@prnewswire.com Global Sources Ltd.

CONTACT: For media in Asia, Camellia So, +852-2555-5043 or
cso@globalsources.com, or in U.S., James W.W. Strachan, +1-602-978-7504, or
strachan@globalsources.com, both of Global Sources; For investors in Asia,
Eddie Heng of Global Sources, +65-6547-2850, or eheng@globalsources.com; or in
U.S, Kirsten Chapman & Moriah Shilton, +1-415-433-3777, or fax,
+1-415-433-5577, or kirsten@lhai-sf.com, both of Lippert/Heilshorn &
Associates, Inc., for Global Sources

Web site: http://www.globalsources.com/

Euro Tech Holdings Company Limited Reports Letter of Intent Signed to Form Manufacturing Joint Venture in China

HONG KONG, July 14 /Xinhua-PRNewswire-FirstCall/ -- Euro Tech Holdings Company Limited today announced that its majority owned subsidiary, PACT Asia Pacific Ltd. ("PACT") has entered into a letter of intent with Wuxi TONTAN Environmental Engineering Co., Ltd. ("TONT") in China, and PACT Engineering FZC ("PACTFZC"), a Middle Eastern water treatment company based in Dubai, to form a manufacturing joint venture ("JV") in China, whereby PACT will invest US$425,000 and have a 51% controlling interest of the joint venture, the shareholding of the other parties is 30% by TONT and 19% by PACTFZC.

TONT, which has been the main fabricator for PACT during the past 7 years, has been actively operating since 1999 for water and wastewater treatment equipment for local and multinational clients in China. TONT manufactures both standard equipment as well as custom built equipment used in the water and wastewater treatment industry. Some of TONT's products are: mechanical screens; clarifier scrapers; polymer feeders; decanters; dissolved air flotation units; belt and screw conveyors; package water treatment units; reverse osmosis skids; and water tanks.

PACTFZC through its expanding offices in the Middle East, North Africa and the EX Soviet Republics is expected to make some contribution to the sales volume of the JV.

The JV will operate from the existing facilities of TONT in Wuxi which consists of about 5,000 square meter covered fabrication area, office and storage facilities. The facilities are complete with a range of machinery used for mild steel and stainless steel prepping, cutting, welding, testing and painting.

Subject to the local government approval, the JV will be registered and formed in the 4th quarter of 2006. The JV will definitely have a positive effect on PACT for better control on quality and delivery of products.

Certain statements in this news release regarding the Company's expectations, estimates, present view of circumstances or events, and statements containing words such as estimates, anticipates, intends, or expects, or words of similar import, constitute forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements indicate uncertainty and the Company can give no assurance with regard to actual outcomes. Specific risk factors may include, without limitation, having the Company's offices and operations situated in Hong Kong and China, doing business in China, competing with Chinese manufactured products, competing with the Company's own suppliers, dependence on vendors, and lack of long term written agreements with suppliers and customers, development of new products, entering new markets, possible downturns in business conditions, increased competition, loss of significant customers, availability of qualified personnel, negotiating definitive agreements, new marketing efforts and the timely development of resources. See the "Risk Factor" discussions in the Company's filings with the Securities and Exchange Commission, including its Annual Report on Form 20-F for its fiscal year ended December 31, 2005.

CONTACT: Euro Tech Holdings Company Limited, Hong Kong T.C. Leung, Chairman and CEO, or Jerry Wong, CFO Tel: +852-2814-0311 Fax: +852-2873-4887 Website: http://www.euro-tech.com/ Pact's website: http://www.pactchina.com/

Euro Tech Holdings Company Limited

CONTACT: T.C. Leung, or Jerry Wong, both of Euro Tech Holdings Company
Limited, +852-2814-0311, or fax, +852-2873-4887

Web site: http://www.euro-tech.com/
http://www.pactchina.com/

AMCC Responds to Derivative Lawsuit

SUNNYVALE, Calif., July 13 /PRNewswire-FirstCall/ -- Applied Micro Circuits Corporation today announced that a derivative lawsuit has been filed in United States District Court for the Northern District of California against nine former officers of the Company alleging improper dating of stock options granted to these former officers on five occasions during the period from March 1998 through December 2000. The suit also names as defendants all of the current members of AMCC's Board of Directors. AMCC previously announced that its Audit Committee had begun a self-initiated review of the Company's historical stock option grant practices and related accounting. That review is still underway.

About AMCC

AMCC provides the essential building blocks for the processing, moving and storing of information worldwide. The company blends systems and software expertise with high-performance, high-bandwidth silicon integration to deliver silicon, hardware and software solutions for global wide area networks (WAN), embedded applications such as PowerPC and programmable SOC architectures, storage area networks (SAN), and high-growth storage markets such as Serial ATA (SATA) RAID. AMCC's corporate headquarters are located in Sunnyvale, California. Sales and engineering offices are located throughout the world. For further information regarding AMCC, please visit our web site at http://www.amcc.com/.

AMCC is a registered trademark of Applied Micro Circuits Corporation. All

other trademarks are the property of their respective owners.

Applied Micro Circuits Corporation

CONTACT: Investor Relations, Scott Dawson of Applied Micro Circuits
Corporation, +1-858-535-4217, sdawson@amcc.com; or Media/Editorial, Angela
Edgerton of The Ardell Group, +1-858-792-2941, angela@ardellgroup.com, for
Applied Micro Circuits Corporation

Web site: http://www.amcc.com/

Calling All MySpace Members! See Your Name in Lights! (Part 2)Every Single MySpace Member Who Adds the 'Mooby's Presents: Clerks II' Page to Their Friends List Will Have Their Name Added to the Ending Credits on the DVD of the Highly Anticipated Release of 'Clerks II'

NEW YORK, July 13 /PRNewswire/ -- After the recent promotion where 10,000 MySpace members added the "Mooby's Presents: Clerks II" to their friends list in under three hours, The Weinstein Company announced today that beginning tomorrow July 14, any and all MySpace members, no matter how many, who add that same page to their friends list will also have their names permanently listed in the ending credits on the DVD of the highly anticipated release of "Clerks II." "Clerks II" is the sequel to Kevin Smith's ("Chasing Amy," "Dogma," "Jay and Silent Bob Strike Back") 1994 Sundance hit "Clerks" and again stars the hilarious foursome including Dante Hicks (BRIAN O'HALLORAN), Randal Graves (JEFF ANDERSON), Jay (JASON MEWES) and Silent Bob (KEVIN SMITH), and their new sexy manager Becky Scott (ROSARIO DAWSON). "Clerks II" is a Weinstein Company presentation that will be distributed in theaters nationwide on July 21, 2006 by Metro-Goldwyn-Mayer Studios Inc. (MGM). Genius Products, Inc. (BULLETIN BOARD: GNPI) will distribute the "Clerks II" DVD.

ABOUT CLERKS II

Ten years ago, best friends Dante Hicks (BRIAN O'HALLORAN) and Randal Graves (JEFF ANDERSON) were New Jersey mini-mall clerks slacking off together in their early 20s. Now, Kevin Smith checks back in to see what kind of changes have rocked their lives -- in work, romance and their eternally raucous life philosophy. What he discovers is that never before have so many, still done so little while having so much fun doing it. Now working in the fast-food universe at Mooby's, Dante and Randal have managed to maintain, and even hone, their in-your-face attitudes, agile skill with vulgarities and unbridled love of screwing with the customers. But they're also faced with such shocking new prospects as marriage, leaving Jersey and finding real careers.

Smith pushes his nothing-is-sacred humor right to the edge and then takes a leap as Dante and Randal invade the world of Mooby's fast food restaurant, where the slogan is "I'm Eating It." Behind the counter, where the only other employees are an uber-nerd (TREVOR FERHMAN) and an entirely too sexy manager (ROSARIO DAWSON), Dante and Randal are free to offend anybody and everybody who, so much as orders fries, in their inimitably irreverent way. But, even as riotous debates rage between them over such burning matters as George Lucas v. Peter Jackson v. Jesus, change is on the horizon. When Dante announces that he's going to leave Jersey forever and marry Emma Bunting (JENNIFER SCHWALBACH), Randal plots a going-away party so shocking it will draw the police, the fire department and potential protests from PETA, while altering their lives forever.

The Weinstein Company and View Askew Productions present "Clerks II," written and directed by Kevin Smith. Scott Mosier and Smith produced the film, with Harvey Weinstein, Bob Weinstein and Carla Gardini serving as executive producers. The film features cameos by Jason Lee, Ben Affleck, Kevin Weisman ("Alias") and the comedians Wanda Sykes and Earthquake. It also features the triumphant return of New Jersey's inimitable duo Jay (JASON MEWES) and Silent Bob (KEVIN SMITH).

For more information on "Clerks II" visit http://www.clerks2.com/ or http://www.myspace.com/therealkevinsmith .

The Weinstein Company

CONTACT: Sarah Rothman, +1-646-862-3823, sarah.rothman@weinsteinco.com,
or Julie Cloutier, +1-646-862-3825, Julie.cloutier@weinsteinco.com, both of
The Weinstein Company

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