Companies news

Spansion Reports First Quarter 2007 Results

SUNNYVALE, Calif., April 18 /PRNewswire-FirstCall/ -- Spansion Inc. , the world's largest pure-play provider of Flash memory solutions, today announced first quarter 2007 results. For the quarter ended April 1, 2007, the company reported net sales of $628 million, an increase of 12 percent over net sales of $562 million for the first quarter of 2006. MirrorBit(R) ORNAND(TM) solutions sales for the high-end multimedia wireless segment totaled $60 million for the quarter and the company recognized its first revenue from its 4 bit-per-cell technology, MirrorBit Quad.

(Logo: http://www.newscom.com/cgi-bin/prnh/20060118/SFW077LOGO )

During the first quarter of 2007, Spansion successfully increased bit shipments sequentially and extended its lead on its closest competitor. ASP per bit decline in the first quarter was greater than the average seasonal patterns and higher than the company expected due to the intense competitive environment in the industry, contributing to a sequential quarterly total net sales decrease of 8.7 percent. Net loss for the first quarter of 2007 was $75 million, or $0.56 per share, compared with a net loss of $52 million, or $0.40 per share, in the first quarter of 2006.

"I believe Spansion gained share within a difficult pricing environment while accelerating the acceptance of new, more cost-effective technologies by its key customers," said Bertrand Cambou, president and CEO, Spansion Inc. "Looking forward, we are intensifying our cost reduction efforts, including our aggressive manufacturing ramp to advanced technologies."

During the quarter, Spansion converted many of its key customers to advanced technologies, including 90nm MirrorBit technology, which will lower cost per bit in the second quarter of 2007 and beyond. The company plans 90nm MirrorBit sales to grow from 12 percent of net sales in the first quarter of 2007 to approximately 25 percent in the second quarter of 2007.

In response to market conditions, the company will undertake large scale cost-cutting measures designed to improve overall financial performance. Those actions include the sale of non-performing assets, the consolidation of certain functional operations and other activities related to reducing expenses. The company's goal is to reduce 2007 planned expenses by approximately $50 million to $100 million.

Spansion has just started initial 65nm 300mm wafers at its SP1 facility, six months ahead of schedule. With 300mm 65nm revenue now planned for the second half of 2007, Spansion will be the first leading NOR Flash supplier producing Flash memory devices on 300mm wafers, further enhancing the company's competitive position. Spansion also has produced 45nm silicon on 300mm wafers at its Submicron Development Center, with volume production at SP1 scheduled for mid-2008.

Additional Highlights

-- On April 2, 2007, the company completed the sale of its older JV1 and JV2 facilities to Fujitsu raising almost $200 million. Fujitsu will continue to produce Spansion(R) Flash memory as a foundry.

-- Spansion has started to sample its 65nm MirrorBit ORNAND solutions aimed to bring further cost reductions into the wireless market. The company plans to ramp volume production of these solutions directly out of its SP1, 300mm facility.

-- Spansion announced its revolutionary MirrorBit Eclipse(TM) architecture that combines MirrorBit NOR, ORNAND and Quad technologies on a single die, enabling handset OEM's to save up to 30 percent on their memory bill of materials costs.

-- Spansion announced a collaboration with QUALCOMM to pre-qualify a new family of MirrorBit products for emerging wireless markets. Spansion also received the Samsung Supplier of the Year award for the second consecutive year, the only NOR company to receive the award.

Current Outlook

Spansion's outlook for the second quarter of 2007 is based on current expectations. The following statements are forward-looking, and actual results could differ materially depending on market conditions and other factors, including those set forth in the Cautionary Statement below.

-- ASP pressure experienced in the first quarter was higher than normal and likely to moderate in the second quarter of 2007 based on historical ASP trends. Due to the intensely competitive pricing environment, the company is not providing specific financial guidance for the second quarter of 2007 at this time.

-- The company anticipates total bit shipments in the second quarter to rise based on a planned doubling of shipments of 90nm MirrorBit technology, which is expected to further reduce cost per bit.

-- The company's long-term financial model remains unchanged and is supported by the acceleration of the company's 300mm strategy, which is expected to result in lower cost per bit.

Investor Conference Call

Spansion will host a conference call today, April 18, 2007, at 1:30 p.m. PT/ 4:30 p.m. ET to discuss the quarterly results. A live audio-only web cast of the call will be made available in the Investor Relations section of the company's web site at http://www.spansion.com/. A replay of the call will be made available on the company's investor relations web site at http://www.spansion.com/ following the call.

Cautionary Statement

This release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the expectation that 90nm MirrorBit sales will grow to approximately 25 percent in the second quarter of 2007; the expectation to lower cost per bit in the second quarter of 2007 and beyond; large scale cost-cutting measures designed to improve overall financial performance and other activities related to reducing expenses; the goal to reduce 2007 planned expenses by approximately $50 million to $100 million; the expectation of revenue from products made from 300mm wafers on 65nm process technology during the second half of 2007; the expectation that Spansion will be the first leading NOR Flash supplier producing Flash memory devices on 300mm wafers; the schedule for volume production of 45nm process technology on 300mm wafers at SP1 by mid-2008; the expectation that MirrorBit(R) Eclipse(TM) architecture will enable handset OEM's to save up to 30 percent on their bill of materials costs; the expectation that ASPs will likely moderate in the second quarter of 2007; and the anticipation of total bit shipments in the second quarter to rise based on a planned doubling of shipments of 90nm MirrorBit technology. Investors are cautioned that the forward-looking statements in this release involve risks and uncertainties that could cause actual results to differ materially from the company's current expectations. Risks that the company considers to be the important factors that could cause actual results to differ materially from those set forth in the forward- looking statements include the possibility that demand for the company's Flash memory products will be lower than currently expected; that the company will lose rights to key intellectual property arrangements and be subject to intellectual property infringement claims; that OEMs will increasingly choose NAND-based Flash memory products over NOR- and MirrorBit ORNAND architecture- based Flash memory products for their applications; that competitors may introduce new memory or other technologies that may make our Flash memory products uncompetitive or obsolete; that the company will fail to develop, or there will be a lack of customer acceptance of, MirrorBit NOR, MirrorBit ORNAND or MirrorBit Quad architecture-based Flash memory products; that the company will lose a significant customer; that the company will be adversely affected by its substantial indebtedness; that the company will not be able to raise sufficient capital to enable it to establish leading-edge capacity to meet product demand and maintain market share; that the company may not achieve facilities and capacity implementation schedules; that the company will not be able to reduce expenses; that the company will not successfully develop, introduce and commercialize new products and technologies or to accelerate our product development cycle; that the company will not be able to meet customer demand during cyclical industry or economic downturns; that the company may experience manufacturing constraints; that the company may be unable to diversify its customer base; that the company's investments in research and development may not lead to timely improvements in technology; that the company may not maintain manufacturing efficiency; the company's reliance on third-party manufacturers may harm it; that industry overcapacity may affect the company's prices and manufacturing capacity; that average selling prices may decline; and that the company's operations in foreign countries may be subject to economic and geopolitical risks. The company urges investors to review in detail the risks and uncertainties in the company's Securities and Exchange Commission filings, including but not limited to the company's Annual Report on Form 10-K for the fiscal year ended December 31, 2006. The company assumes no obligation to update any forward-looking statements or information included in this press release.

About Spansion

Spansion is a leading Flash memory solutions provider, dedicated to enabling, storing and protecting digital content in wireless, automotive, networking and consumer electronics applications. Spansion, previously a joint venture of AMD and Fujitsu, is the largest company in the world dedicated exclusively to designing, developing, manufacturing, marketing and selling Flash memory solutions. For more information, visit http://www.spansion.com/.

NOTE: Spansion(R), the Spansion Logo(R), MirrorBit(R), ORNAND(TM), HD- SIM(TM) and combinations thereof, are trademarks of Spansion LLC. Spansion, the Spansion Logo and MirrorBit are registered in the US and other countries. Other names used are for informational purposes only and may be trademarks of their respective owners.

Spansion Inc. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share amounts) Quarter Ended Apr. 1, Dec. 31, Mar. 26, 2007 2006 2006 (Unaudited) (Unaudited) (Unaudited) Net sales $627,771 $687,274 $561,929 Cost of sales 538,567 557,793 452,973 Gross profit 89,204 129,481 108,956 Other expenses: Research and development 101,846 78,739 83,757 Marketing, general and administrative 57,789 66,442 63,237 Operating loss (70,431) (15,700) (38,038) Interest and other income, net 8,931 7,940 5,979 Interest expense (24,146) (20,698) (18,794) Loss before income taxes (85,646) (28,458) (50,853) (Benefit) Provision for income taxes (10,167) (3,445) 1,024 Net loss $(75,479) $(25,013) $(51,877) Net loss per common share Basic and diluted $(0.56) $(0.19) $(0.40) Shares used in per share calculation -Basic and diluted 134,539 130,489 128,146 Spansion Inc. CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands) Apr. 1, Dec. 31, 2007 2006* Assets (Unaudited) Current assets: Cash, cash equivalents and marketable securities $701,500 $885,769 Accounts receivable, net 369,094 395,903 Inventories 475,859 455,840 Deferred income taxes 13,128 1,395 Prepaid expenses and other current assets 36,616 36,163 Total current assets 1,596,197 1,775,070 Property, plant and equipment, net 1,782,941 1,735,694 Deferred income taxes 17,675 13,556 Other assets 30,551 25,397 Total Assets $3,427,364 $3,549,717 Liabilities and Stockholders' Equity Current liabilities: Note payable to banks under revolving loans $25,500 $33,608 Accounts payable and accrued liabilities 441,196 493,242 Accrued compensation and benefits 56,150 51,598 Income taxes payable 9,645 4,333 Deferred income on shipments to distributors 37,382 32,496 Current portion of long-term debt and capital lease obligations 74,358 74,766 Total current liabilities 644,231 690,043 Deferred income taxes 193 188 Long-term debt and capital lease obligations 1,000,495 1,009,673 Other long-term liabilities 11,941 4,053 Stockholders' equity 1,770,504 1,845,760 Total liabilities and stockholders' equity $3,427,364 $3,549,717 * Derived from the December 31, 2006 audited financial statements of Spansion Inc.

Photo: http://www.newscom.com/cgi-bin/prnh/20060118/SFW077LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Spansion Inc.

CONTACT: investors, Bob Okunski, +1-408-616-1117, or
bob.okunski@spansion.com, or media, Courtney Brigham, +1-408-616-5056, or
courtney.brigham@spansion.com

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

Novellus Systems Reports First Quarter Results

SAN JOSE, Calif., April 18 /PRNewswire-FirstCall/ -- Novellus Systems, Inc. today reported net sales and results of operations for its first quarter ended March 31, 2007. Net sales for the first quarter were $397.0 million, down $41.5 million or 9.5 percent from fourth quarter 2006 net sales of $438.5 million, and up $31.1 million or 8.5 percent from first quarter 2006 net sales of $365.9 million. Net income for the first quarter was $53.8 million, or $0.42 per diluted share, up $11.2 million or 26.3 percent from fourth quarter 2006 net income of $42.6 million, and up $29.1 million or 117.6 percent from first quarter 2006 net income of $24.7 million.

The first quarter 2007 results did not include any unusual charges or benefits. Excluding certain unusual charges and benefits, fourth quarter 2006 net income would have been $79.0 million, or $0.63 per diluted share and first quarter 2006 net income would have been $33.5 million, or $0.25 per diluted share. A reconciliation of pro forma operating results to U.S. generally accepted accounting principles ("GAAP") results is included below.

Bookings in the first quarter were $412.2 million, down 6.7 percent from fourth quarter 2006 bookings of $441.6 million. Shipments of $389.1 million in the first quarter represent a decrease of $1.1 million or 0.3 percent from $390.2 million reported for fourth quarter 2006. Deferred revenue at the end of the first quarter was $89.4 million, a decrease of $10.9 million or 10.9 percent from $100.3 million at the end of the fourth quarter of 2006.

Cash, cash equivalents, restricted cash and short-term investments as of March 31, 2007 were $1.0 billion, essentially unchanged from the fourth quarter 2006.

The financial measures set forth above that present net income excluding certain charges and benefits, revenue on a shipments basis and bookings, are not in accordance with GAAP. We believe that these non-GAAP financial measures provide further insight into the results of operations and enhance the consistency and comparability of those results to results in prior periods because they assist shareholder understanding of the effects of certain charges and benefits on the quarter's results.

"The first quarter results represent another solid quarter of execution," said Richard S. Hill, Chairman of the Board and CEO. "We remain focused on initiatives to strengthen our product portfolio and improve our customer responsiveness, which will enable us to grow our market share and improve our financial performance."

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

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, including statements regarding (i) our belief that the non-GAAP measures will provide shareholders further insight into the results of operations and enhance the consistency and comparability of those results to results in prior periods, (ii) our continued progress to improve our bottom line performance resulting from the initiatives we have taken to strengthen our product portfolio and improve customer responsiveness and (iii) our expectation that these activities will enable us to grow our market share, as well as other matters discussed in this news release that are not purely historical data, are forward-looking statements. Forward-looking statements involve risks and uncertainties that may cause actual results to differ materially from those contemplated by such statements. These risks and uncertainties include, but are not limited to, the inability of the non-GAAP measures to provide shareholders further insight into the results of operations and enhance the consistency and comparability of those results to results in prior periods, the Company's ability to accurately assess and strengthen the Company's product portfolio and financial operating model due to market fluctuations and unanticipated economic and industry downturns; the Company's ability to continue to improve its customer responsiveness; and other risks indicated in our filings with the Securities and Exchange Commission (SEC), including our Annual Report on Form 10-K for the year ended December 31, 2006 and our Current Reports on Form 8-K and amendments to such reports. Forward-looking statements are made and based on information available to us on the date of this press release. We do not assume, and expressly disclaim, any obligation to update this information.

About Novellus:

Novellus Systems, Inc. is a leading provider of advanced process equipment for the global semiconductor industry. The Company's products deliver value to customers by providing innovative technology backed by trusted productivity. An S&P 500 company, Novellus is headquartered in San Jose, CA with subsidiary offices across the globe. For more information please visit http://www.novellus.com/

NOVELLUS SYSTEMS, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share amounts) (Unaudited) Three Months Ended March 31 December 31 April 1 2007 2006 2006 Net sales $396,974 $438,505 $365,906 Cost of sales 202,065 212,985 198,366 Gross profit 194,909 225,520 167,540 % 49.1% 51.4% 45.8% Operating expenses: Selling, general and administrative 67,100 68,932 58,482 Research and development 60,400 56,475 63,783 Restructuring and other charges (benefits) - (1,894) 12,629 Legal settlement - - 3,250 Total operating expenses 127,500 123,513 138,144 % 32.1% 28.2% 37.8% Income from operations 67,409 102,007 29,396 % 17.0% 23.3% 8.0% Other income, net 11,107 10,881 6,079 Income before income taxes and cumulative effect of a change in accounting principle 78,516 112,888 35,475 Provision for income taxes 24,733 70,314 11,706 Income before cumulative effect of a change in accounting principle 53,783 42,574 23,769 Cumulative effect of a change in accounting principle, net of tax - - 948 Net income $53,783 $42,574 $24,717 Net income per share: Basic Income before cumulative effect of a change in accounting principle $0.43 $0.35 $0.18 Cumulative effect of a change in accounting principle, net of tax - - 0.01 Basic net income per share $0.43 $0.35 $0.19 Diluted Income before cumulative effect of a change in accounting principle $0.42 $0.34 $0.18 Cumulative effect of a change in accounting principle, net of tax - - 0.01 Diluted net income per share $0.42 $0.34 $0.19 Shares used in basic per share calculation 123,979 122,766 131,102 Shares used in diluted per share calculation 127,137 124,447 132,264 NOVELLUS SYSTEMS, INC. RECONCILIATION OF THE STATEMENTS OF OPERATIONS (EXCLUDING CERTAIN CHARGES AND BENEFITS) (1) (In thousands, except per share amounts) (Unaudited) Three Months Ended March 31 December 31 April 1 2007 2006 2006 Net income excluding certain charges and benefits: $53,783 $78,979 $33,535 Restructuring and other (charges) benefits - 1,894 (12,629) Legal settlement - - (3,250) Cumulative effect of a change in accounting principle - - 1,542 Total charges and benefits - 1,894 (14,337) Adjustments on provision for income taxes: Tax effect of the above charges and benefits - (720) 5,519 Settlement of IRS audit - 8,527 - Tax charge associated with new global business structure - (46,106) - Net income $53,783 $42,574 24,717 Net income per diluted share excluding certain charges and benefits $0.42 $0.63 $0.25 Charges and benefits: Restructuring and other (charges) benefits - 0.02 (0.09) Legal settlement - - (0.02) Cumulative effect of a change in accounting principle - - 0.01 Adjustments on provision for income taxes: Tax effect of the above charges and benefits - (0.01) 0.04 Settlement of IRS audit - 0.07 - Tax charge associated with new global business structure - (0.37) - Net income per diluted share $0.42 $0.34 $0.19 (1) The reconciliation of the statements of operations (excluding certain charges and benefits) is intended to present our operating results, excluding certain charges, benefits and related adjustments on provisions for income taxes. The reconciliation of the statements of operations is not in accordance with or an alternative for GAAP and may be different from similar measures by other companies. NOVELLUS SYSTEMS, INC. SCHEDULE OF SHARE-BASED COMPENSATION (In thousands) Three Months Ended (Unaudited) March 31 December 31 April 1 2007 2006 2006 (1) (2) (3) Cost of sales $510 $179 $308 Selling, general and administrative 5,697 5,792 5,439 Research and development 2,895 2,713 3,061 Total share-based compensation expenses 9,102 8,684 8,808 Benefit from income taxes 2,276 2,866 3,391 Net share-based compensation expenses $6,826 $5,818 $5,417

(1) Amounts include amortization expense related to stock options of $4.9 million, employee stock purchase plan of $0.6 million and restricted stock awards of $3.6 million.

(2) Amounts include amortization expense related to stock options of $5.9 million, employee stock purchase plan of $0.6 million and restricted stock awards of $2.2 million.

(3) Amounts include amortization expense related to stock options of $6.5 million, employee stock purchase plan of $0.6 million and restricted stock awards of $1.7 million.

NOVELLUS SYSTEMS, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands) March 31, December 31, 2007 2006 (Unaudited) * ASSETS Current assets: Cash and short-term investments $856,547 $853,328 Accounts receivable, net 371,697 310,888 Inventories 234,106 198,571 Deferred taxes and other current assets 140,274 142,506 Total current assets 1,602,624 1,505,293 Property and equipment, net 346,975 364,599 Restricted cash 144,120 143,769 Goodwill 228,576 225,431 Intangible and other assets 122,078 123,400 Total assets $2,444,373 $2,362,492 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Accounts payable and accrued liabilities $264,076 $261,659 Deferred profit 46,535 41,351 Income taxes payable 21,757 38,879 Current obligations under lines of credit 20,545 19,480 Total current liabilities 352,913 361,369 Long-term debt 129,842 127,862 Other liabilities 51,208 38,556 Total liabilities 533,963 527,787 Shareholders' equity: Common stock 1,423,347 1,393,914 Retained earnings and accumulated other comprehensive income 487,063 440,791 Total shareholders' equity 1,910,410 1,834,705 Total liabilities and shareholders' equity $2,444,373 $2,362,492

* The December 31, 2006 condensed consolidated balance sheet was derived from our audited consolidated financial statements.

Novellus Systems, Inc.

CONTACT: William H. Kurtz, Executive Vice President and Chief Financial
Officer, or Investor Relations, Robin Yim, both of Novellus Systems, Inc.,
+1-408-943-9700

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

Exponent Reports Strong First Quarter 2007 Results

MENLO PARK, Calif., April 18 /PRNewswire-FirstCall/ -- Exponent, Inc. today reported financial results for the first quarter ended March 30, 2007.

For the first quarter of 2007, revenues before reimbursements increased 15% to $45,433,000, as compared to $39,619,000 in the same period of 2006. Total revenues increased 16% to $48,873,000, as compared to $42,027,000 in 2006. Net income increased 32% to $5,055,000, or $0.31 per diluted share, as compared to $3,822,000, or $0.21 per diluted share, in 2006.

EBITDAS(1) for the first quarter of 2007 increased 36% to $10,754,000, as compared to $7,921,000 in the same period of 2006. Exponent closed the first quarter of 2007 with $55.6 million in cash, cash equivalents and short-term investments. During the quarter, Exponent repurchased $2.5 million of common stock as part of its ongoing repurchase program.

"We are pleased with our first quarter financial results and progress in strategic areas, which position us well for a solid year of growth," commented Michael Gaulke, CEO and President. "In addition to revenue and earnings growth, we were successful in improving utilization while also increasing full-time equivalent employees as compared to the same period last year. Notably, in the first quarter we had strong performance from our electrical, mechanics and materials, ecological sciences, civil and health practices.

"As we look to the remainder of 2007, we will continue to focus on improving our operating performance and utilization for the full year, which should drive higher year-over-year bottom line growth. As we celebrate our 40th birthday this year, Exponent is uniquely positioned to provide a multidisciplinary approach to problem solving. We have exceptional talent and unparalleled technical experience and we will continue to make key hires across our practice areas. We had an excellent start to the year and are well on our way to achieving low double-digit revenue growth and improved margins for the full year," concluded Mr. Gaulke.

Today's Conference Call Information

Exponent will discuss its financial results in more detail on a conference call today, April 18, 2007, starting at 4:30 p.m. Eastern Daylight Time/1:30 p.m. Pacific Daylight Time. The audio on the conference call is available by dialing 800-257-7087. A live webcast of the call will be available on the Investor Relations section of the Company's web site at http://www.exponent.com/investors. For those unable to listen to the live webcast, a replay of the call will also be available on the Exponent web site, or by dialing 800-405-2236 and entering reservation #11087879.

About Exponent Exponent is an engineering and scientific consulting firm providing solutions to complex problems. Exponent's multidisciplinary organization of scientists, physicians, engineers, and business consultants brings together more than 90 technical disciplines to address complicated issues facing industry and government today. The firm's consultants analyze failures and accidents to determine their causes and provide answers to help prevent such problems. In addition, Exponent evaluates human health and environmental concerns to find cost-effective solutions.

Exponent may be reached at (888) 656-EXPO, info@exponent.com, or http://www.exponent.com/.

This news release contains, and incorporates by reference, certain "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995, and the rules promulgated pursuant to the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended thereto under) that are based on the beliefs of the Company's management, as well as assumptions made by and information currently available to the Company's management. Such forward-looking statements are subject to the safe harbor created by the Private Securities Litigation Reform Act of 1995. When used in this document and in the documents incorporated herein by reference, the words "anticipate," "believe," "estimate," "expect" and similar expressions, as they relate to the Company or its management, identify such forward-looking statements. Such statements reflect the current views of the Company or its management with respect to future events and are subject to certain risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, the Company's actual results, performance, or achievements could differ materially from those expressed in, or implied by, any such forward- looking statements. Factors that could cause or contribute to such material differences include the possibility that the demand for our services may decline as a result of changes in general and industry specific economic conditions, the timing of engagements for our services, the effects of competitive services and pricing, the absence of backlog related to our business, our ability to attract and retain key employees, the effect of tort reform and government regulation on our business, and liabilities resulting from claims made against us. Additional risks and uncertainties are discussed in our Annual Report on Form 10-K under the heading "Risk Factors" and elsewhere in the report. The inclusion of such forward-looking information should not be regarded as a representation by the Company or any other person that the future events, plans, or expectations contemplated by the Company will be achieved. The Company undertakes no obligation to release publicly any updates or revisions to any such forward-looking statements.

(1) EBITDAS is a non-GAAP financial measure defined by the Company as net income before income taxes, interest income, depreciation and amortization, and stock-based compensation. The Company regards EBITDAS as a useful measure of operating performance and cash flow to complement operating income, net income and other GAAP financial performance measures. Additionally, management believes that EBITDAS provides meaningful comparisons of past, present and future operating results. Generally, a non-GAAP financial measure is a numerical measure of a company's performance, financial position or cash flow that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with GAAP. This measure, however, should be considered in addition to, and not as a substitute or superior to, operating income, cash flows, or other measures of financial performance prepared in accordance with GAAP. A reconciliation of EBITDAS to GAAP is set forth below.

EXPONENT, INC. CONDENSED CONSOLIDATED STATEMENTS OF INCOME For the Quarters Ended March 30, 2007 and March 31, 2006 (in thousands, except per share data) Quarter Ended March 30, March 31, 2007 2006 Revenues Revenues before reimbursements $45,433 $39,619 Reimbursements 3,440 2,408 Revenues 48,873 42,027 Operating expenses Compensation and related expenses 30,022 26,746 Other operating expenses 5,137 4,765 Reimbursable expenses 3,440 2,408 General and administrative expenses 2,815 2,718 41,414 36,637 Operating income 7,459 5,390 Other income Interest income, net 484 498 Miscellaneous income, net 395 378 879 876 Income before income taxes 8,338 6,266 Income taxes 3,283 2,444 Net income $5,055 $3,822 Net income per share: Basic $0.34 $0.23 Diluted $0.31 $0.21 Shares used in per share computations: Basic 15,049 16,496 Diluted 16,377 17,788 EXPONENT, INC. CONDENSED CONSOLIDATED BALANCE SHEETS March 30, 2007 and December 29, 2006 (in thousands) March 30, December 29, 2007 2006 Assets Current assets: Cash and cash equivalents $5,748 $5,238 Short-term investments 49,847 52,844 Accounts receivable, net 56,638 48,208 Prepaid expenses and other assets 3,859 4,634 Deferred income taxes 2,528 2,232 Total current assets 118,620 113,156 Property, equipment and leasehold improvements, net 29,408 29,577 Goodwill 8,607 8,607 Other assets 10,212 9,876 $166,847 $161,216 Liabilities and Stockholders' Equity Current liabilities: Accounts payable and accrued liabilities $8,171 $4,887 Accrued payroll and employee benefits 18,907 22,923 Deferred revenues 3,793 4,066 Total current liabilities 30,871 31,876 Other liabilities 3,768 3,938 Deferred rent 1,095 1,097 Total liabilities 35,734 36,911 Stockholders' equity: Common stock 16 16 Additional paid-in capital 55,141 50,799 Accumulated other comprehensive income 121 93 Retained earnings 103,667 101,226 Treasury stock, at cost (27,832) (27,829) Total stockholders' equity 131,113 124,305 $166,847 $161,216 EXPONENT, INC. EBITDAS (1) For the Quarters Ended March 30, 2007 and March 31, 2006 (in thousands) Quarter Ended March 30, March 31, 2007 2006 Net Income $5,055 $3,822 Add back (subtract): Income taxes 3,283 2,444 Interest income, net (484) (498) Depreciation and amortization 917 882 Stock-based compensation 1,983 1,271 EBITDAS (1) $10,754 $7,921 (1) EBITDAS is a non-GAAP financial measure defined by the Company as net income before income taxes, interest income, depreciation and amortization, and stock-based compensation. The Company regards EBITDAS as a useful measure of operating performance and cash flow to compliment operating income, net income and other GAAP financial performance measures. Additionally, management believes that EBITDAS provides meaningful comparisons of past, present and future operating results. Generally, a non-GAAP financial measure is a numerical measure of a company's performance, financial position or cash flow that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with GAAP. This measure, however, should be considered in addition to, and not as a substitute or superior to, operating income, cash flows, or other measures of financial performance prepared in accordance with GAAP.

Exponent, Inc.

CONTACT: Brinlea Johnson, +1-415-489-2189

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

Deepwater Industry Leaders Affirm Commitment to U.S. Coast Guard Modernization ProgramIntegrated Coast Guard Systems Reports Progress, Support for Program Evolution Before House Committee on Transportation and Infrastructure

WASHINGTON, April 18 /PRNewswire/ -- Representatives from Integrated Coast Guard Systems (ICGS) today presented testimony on the Integrated Deepwater System program before the House Committee on Transportation and Infrastructure.

Leo Mackay, Lockheed Martin Coast Guard Systems vice president and general manager, and James Anton, Northrop Grumman Ship Systems vice president of Deepwater program, highlighted recent successes and outlined ongoing progress throughout the program.

"The capabilities we are providing through Deepwater are already enabling Coast Guard operational facilities and units, ashore and at sea, to perform more effectively, providing increased readiness, enhanced mission performance and a safer working environment," said Mackay.

"As Adm. Thad Allen has stated, both industry and the Coast Guard have taken steps to improve management, oversight and performance to ensure that the Deepwater program of tomorrow will be fundamentally better than the Deepwater program of today," he said.

Mackay cited positive customer feedback regarding the nearly complete HH-65 helicopter re-engining program, the successful legacy cutter command and control upgrades, the recently opened National Security Cutter training center, and continued deliveries of the HC-144A maritime patrol aircraft, as examples of Deepwater accomplishments which are already making a productive impact throughout the Coast Guard.

Anton highlighted progress in National Security Cutter construction. "The National Security Cutter continues to set new standards in lead ship quality and efficiency that routinely outperform other programs," he said.

Anton also confirmed that industry is actively applying lessons learned across the board. "We are always working to improve the way ships are built," he added. "We stand ready to work with the Coast Guard and Congress to ensure that much needed Deepwater capabilities are delivered to the fleet."

He also responded specifically to the situation involving eight 123' patrol boats which the Coast Guard plans to decommission.

"We agree with the Coast Guard's recent announcement that significant analyses have not predicted nor identified the specific cause to the issues that have been experienced by the eight 123' vessels," said Anton. "ICGS has and will continue to work with the Coast Guard in seeking to determine the root cause of the issues and a path forward to assist the Coast Guard with its mission needs."

The industry team again affirmed that program decisions are made with continuous Coast Guard oversight and involvement and emphasized the importance of government-industry partnership as the program has expanded to meet the service's post-9/11 missions.

"The Deepwater program uses the depth of capabilities and experience of its industry partners to provide solutions in accordance with Coast Guard requirements," said Mackay. "The results so far indicate that Deepwater has made a difference in the effectiveness of the Coast Guard with regard to numbers of drug seizures, migrant interdictions and lives saved."

Industry leaders acknowledged that the Integrated Deepwater System is evolving, and they reaffirmed their commitment to work with the Coast Guard to meet changing requirements.

"We remain dedicated to delivering maximum value, based on solid analysis and proven design standards, to the customer," said Anton. "ICGS remains ready to support the reorganization of the Coast Guard to ensure the contract meets its evolving needs and provides best value to the American taxpayer."

About Integrated Coast Guard Systems

ICGS is a joint venture of Lockheed Martin and Northrop Grumman . ICGS was awarded the Deepwater contract in June 2002 and has been renewed through January 2011. Headquartered in Rosslyn, Va., core leadership teams are co-located in Virginia, Louisiana, Mississippi, New Jersey, and Washington, D.C.

Integrated Coast Guard Systems

CONTACT: Margaret Mitchell-Jones, Communications Director of Integrated
Coast Guard Systems, +1-571-218-3352, +1-571-216-5653, mmj@dwicgs.com

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

Company News On-Call: http://www.prnewswire.com/comp/534163.html

AT&T U-Verse TV Expanding to New Markets, Experiencing Rapid Subscriber GrowthVideo Service Has Approximately 18,000 SubscribersWill Launch in Los Angeles Area in Coming Weeks With New Markets Following

SAN ANTONIO, April 18 /PRNewswire-FirstCall/ -- AT&T Inc. announced today that deployment and sales of the innovative IP-based television service, AT&T U-verse(SM) TV, are accelerating, reflecting strong momentum in the company's overall video strategy. The company plans to launch AT&T U-verse in the Los Angeles area in the coming weeks. Additional launches are planned for later this year and next.

AT&T U-verse TV has grown rapidly since January, with approximately 18,000 U-verse television and Internet subscribers currently in service. AT&T's average installation rate has ramped to approximately 2,000 installations a week -- five times greater than its average rate in January.

In the first three months of 2007, AT&T launched U-verse services in new markets, including Milwaukee, Kansas City, and Dallas-Fort Worth. Earlier this month, AT&T announced that U-verse services were available to more than 200,000 households in the Dallas-Fort Worth area, less than one month after introducing service in that market.

"Our video strategy is showing strong momentum as we add new subscribers at an increasing rate," said Ralph de la Vega, group president-Regional Wireline Operations, AT&T. "Consumers are clearly hungry for an alternative to the cable companies, and AT&T U-verse is a very attractive choice. We offer more High Definition channels than local cable companies in the markets we serve, the ability to record up to four programs at once, and the ability to set DVR recordings remotely using the AT&T Yahoo!(R) portal or, soon, a mobile device."

AT&T Satellite Services Offer Additional Entertainment Choices

Sales are gaining momentum across AT&T's video portfolio. Following a strong fourth-quarter 2006 in which AT&T added 111,000 bundled satellite television users, the company added a record number of users in the first quarter of 2007. Including U-verse and satellite customers, AT&T added more than 180,000 video users in the most recent quarter, which is more than the four largest reporting cable companies combined added for the full year in 2006.*

AT&T offers satellite service across its 22-state local service area through relationships with satellite broadcast providers. Satellite customers in AT&T's traditional 13-state local service area include subscribers to AT&T Homezone(SM) service. The innovative service integrates AT&T Yahoo!(R) High Speed Internet and AT&T | DISH Network satellite services.

AT&T Promotes Three-Screen and HD Content

As part of AT&T's initiative to market video services to customers, the company offers innovative features to connect the three screens consumers value the most -- the PC, the TV and the wireless device. For example, AT&T Homezone subscribers can program their DVR via the Internet and their wireless phones, and this capability soon will be extended to AT&T U-verse customers. AT&T also recently launched AT&T U-verse OnTheGo, a premium service that allows AT&T U-verse customers to view live television on a PC using any broadband Internet connection.

Adding to the value of AT&T's bundled video portfolio, the company is a leader in offering content in High Definition (HD). AT&T U-verse TV offers subscribers access to more than 25 HD channels - more than cable providers offer in markets where AT&T U-verse is currently offered. AT&T also recently announced that qualifying new subscribers can enjoy access to HD TV programming free for one year. This offer is available for a limited time to new subscribers of AT&T satellite and U-verse offerings.

For the complete array of AT&T offerings, visit http://www.att.com/

*The four largest reporting cable companies are Cablevision, Time Warner, Comcast and Charter. Cox Communications does not publicly report subscribers.

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

Cautionary Language Concerning Forward-Looking Statements

Information set forth in this press release contains forward-looking statements that are subject to risks and uncertainties, and actual results might differ materially. A discussion of factors that may affect future results is contained in AT&T's filings with the Securities and Exchange Commission. AT&T disclaims any obligation to update and revise statements contained in this document based on new information or otherwise.

For more information, visit the company's Web site at http://www.att.com/investor.relations.

About AT&T

AT&T Inc. is a premier communications holding company. Its subsidiaries and affiliates, AT&T operating companies, are the providers of AT&T services in the United States and around the world. Among their offerings are the world's most advanced IP-based business communications services and the nation's leading wireless, high speed Internet access and voice services. In domestic markets, AT&T is known for the directory publishing and advertising sales leadership of its Yellow Pages and YELLOWPAGES.COM organizations, and the AT&T brand is licensed to innovators in such fields as communications equipment. As part of its three-screen integration strategy, AT&T is expanding its TV entertainment offerings. Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at http://www.att.com/.

For more information and detailed disclaimer information, please review this announcement in the AT&T newsroom at http://www.att.com/newsroom.

(C) 2007 AT&T Knowledge Ventures. All rights reserved. AT&T and the AT&T logo are trademarks of AT&T Knowledge Ventures. For more information, please review this announcement in the AT&T newsroom at http://www.att.com/newsroom.

AT&T Inc.

CONTACT: Wes Warnock of AT&T Inc., +1-210-351-2858, wes.warnock@att.com

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

At SimplyRFID, Zebra Technologies'(R) R110Xi(TM) Printer/Encoder Passes One-Million RFID Label Mark - And Still Going StrongSimplyRFID, a Zebra channel partner, relies on its OD2007 software solution and Zebra's high performance RFID printer/encoders to simplify compliance for DoD suppliers

VERNON HILLS, Ill., April 18 /PRNewswire-FirstCall/ -- Zebra Technologies Corporation , a global leader in on-demand printing solutions for business improvement, announced today that SimplyRFID, a Zebra value added reseller (VAR), has reported that one of its Zebra R110Xi printer/encoders recently passed the one million mark in terms of radio frequency identification (RFID) labels successfully printed for customers. SimplyRFID uses a total of three R110Xi printer/encoders as part of its on-demand service offering, which provides pre-printed labels to manufacturers in the military and defense sector to ensure compliance with the U. S. Department of Defense's RFID and Unique Identification (UID) labeling mandates.

According to Carl Brown, president of SimplyRFID, "We are delighted, but not surprised, by the outstanding performance of the Zebra R110Xi printer/encoders, given their track record for rugged construction and long-term reliability. In the past nine months alone, SimplyRFID has printed about 1.5 million labels for customers -- at a run rate of 50,000 per week -- and we also have sold more than ten R110Xi printer/encoders to customers who license our OD2007 software."

SimplyRFID is a leading systems integrator and RFID hardware and media provider to more than 1,000 suppliers serving the U.S. Department of Defense and military branches. For high volume users, the company offers its OD2007 on-demand software solution, complete with Zebra R110Xi printer/encoders, to produce RFID case tags and UID labels to military specifications. For lower volume users -- typically requiring fewer than 5,000 labels per year -- SimplyRFID offers its label printing/encoding service solution in which customers order RFID and UID tags electronically and can receive next-day delivery.

Pioneer Industries Inc. of Farmingdale, NY, is one of the nation's largest distributors of military and aerospace components to government agencies and commercial enterprises. The ISO 9001:2000 firm ships 5,000 to 8,000 line items per year, including plumbing supplies, hardware, electronics, and automotive and aerospace parts.

David Yormack, Pioneer Industries' vice president, notes: "We print/encode about 500 RFID tags per month and generate UID tags as needed. The SimplyRFID on-demand solution, combined with three Zebra R110Xi printer/encoders, allows us to comply with DoD labeling requirements. Moreover, the system has provided Pioneer with a streamlined technology platform for the production and management of more than a dozen different military labels, and made our processing more accurate and efficient."

E W Packaging Corporation, which provides packaging and shipping services for suppliers of aircraft parts, ground support equipment, computer spare parts and other parts and materials, is an end user of SimplyRFID's pre-programmed RFID label service. For about a year, the company has ordered an estimated 50 tags per week from SimplyRFID for RFID and UID compliant shipping. Elliott Wolf, president of the Fort Lauderdale, FL firm, reports: "We have found the next-day service to be very reliable and cost-efficient, since the current volume of our RFID tag usage does not justify the expense of installing our own printers and scanners."

For more information on Zebra's on-demand RFID printing/encoding solutions, visit http://www.rfid.zebra.com/ or call +1 800 423 0442.

About Zebra Technologies

Zebra Technologies Corporation delivers innovative and reliable on-demand printing solutions for business improvement and security applications in 100 countries around the world. More than 90 percent of Fortune 500 companies use Zebra-brand printers. A broad range of applications benefit from Zebra-brand thermal bar code, "smart" label, receipt, and card printers, resulting in enhanced security, increased productivity, improved quality, lower costs, and better customer service. The company has sold more than 5 million printers, including RFID printer/encoders and wireless mobile solutions, as well as ZebraDesigner label formatting software, ZebraLink connectivity solutions, Genuine Zebra supplies and ZebraCare services and support. Information about Zebra bar code, card and RFID products can be found at http://www.zebra.com/ .

About SimplyRFID

Headquartered in Warrenton, VA (near Washington, DC), SimplyRFID offers RFID solutions, primarily to companies supplying products to the U.S. Department of Defense and its military branches. The company licenses its OD2007 RFID "plug-and-print" software solution to high-volume users, and supplies pre-printed bar code, RFID and UID compliant labels as a service to more than 1,000 customers. SimplyRFID also offers a selection of top brand bar code scanners, RFID readers, Zebra-brand RFID printer/encoders, and RFID tag/label supplies. For additional information, call +1-800-909-5524 or visit http://www.simplyrfid.com/ .

CONTACT: Michelle Meek +1 312 873 3424 michelle@outlookmarketingsrv.com

Zebra Technologies Corporation

CONTACT: Michelle Meek of Zebra Technologies Corporation,
+1-312-873-3424, michelle@outlookmarketingsrv.com

Web site: http://www.zebra.com/
http://www.simplyrfid.com/
http://www.rfid.zebra.com/

SEDONA Announces Fiscal Year 2006 Operating ResultsFiscal Year 2006 Revenues Increase 96% Over Previous Year

KING OF PRUSSIA, Pa., April 18 /PRNewswire-FirstCall/ -- SEDONA(R) Corporation (BULLETIN BOARD: SDNA) (http://www.sedonacorp.com/), a leading provider of Customer and Member Relationship Management (CRM/MRM) solutions for small and mid-size financial services organizations, today announced operating results for fiscal year 2006.

Revenues reported for the period ending December 31, 2006 were $1,415,000, a 96% increase over the $723,000 reported a year ago.

License revenues increased 363% to $577,000, compared to $159,000 reported in fiscal 2005 due to the delivery of new product licenses. Total services revenue increased 149% to $838,000, compared to $524,000 in the same period a year ago. The increase is a result of installation, training and customization services provided to new licensees of Intarsia as well as additional services provided to our existing customers.

Fourth quarter 2006 revenues increased to $248,000 compared to $139,000 reported in the fourth quarter of 2005 due to the delivery of $91,000 in new license sales during the quarter.

The Company's gross profit margin increased 13% in fiscal year 2006 to $1,116,000 or 79% of revenues compared to $475,000 or 66% of revenues, reported in the same period a year ago. Gross profit increased 17% to $180,000 or 73% of revenues compared to $78,000 or 56% of fourth quarter 2005 revenues.

Net loss applicable to common stockholders decreased 25% to ($2,372,000) or ($0.03) per share, compared to ($3,164,000) or ($0.04) per share, reported in fiscal year 2005. In the fourth quarter 2006, net loss applicable to common stockholders decreased 13% to ($761,000) or ($0.01) per share compared to ($874,000) or ($0.01) per share reported in the fourth quarter of 2005.

In fiscal year 2006 and 2005, excluding charges of $237,000 and $7,000 respectively for the expensing of stock options as required by Statement of Financial Accounting Standard No. 123(R). SEDONA decreased its operating expenses 13% to $2,607,000 compared to $2,985,000 reported one year ago. The decrease in expenses is attributable to savings in personnel and related expenses. In addition, the Company also continued to monitor its other expenses and attain savings, whenever possible. In the fourth quarter of 2006 operating expenses, excluding a charge of $43,000 in 2006 for the expensing of stock options, decreased 10% to $694,000 compared to $762,000 reported in the same period in 2005 again attributable to a decrease in savings in personnel and related expenses.

At December 31, 2006 the Company reported a revenue backlog of $538,000, substantially all of which is expected to be realized as revenue in fiscal year 2007. In addition, SEDONA reported a 421% increase in current and non-current accounts receivable and associated deferred revenue for monthly subscription fees from its distribution partners' ASP sales. At December 31, 2006 deferred revenue increased to $413,000 compared to $98,000 reported at December 31, 2005. This deferred revenue will be recognized ratably over the terms of the various contracts.

Fiscal Year 2006 SEDONA Highlights: -- NAFCU Services Corporation (NSC), a wholly owned subsidiary of the National Association of Federal Credit Unions (NAFCU), selected SEDONA as NSC's Preferred Partner for MRM application and services. -- IntegraSys, a business unit of Fiserv, Inc., that serves more than 1,500 credit unions, selected SEDONA's MRM technologies as the foundation for its MRM solution. -- Data Systems of Texas, a Sharetec Systems Provider, selected SEDONA as its MRM application and services provider.

SEDONA has also achieved significant milestones subsequent to the end of fiscal year 2006:

-- Entered a reseller agreement with Profit Technologies Corporation, under which Profit Technologies has the non-exclusive rights to market, sell, distribute and support Intarsia in order to deliver enhanced CRM and MRM services to financial institutions. -- Announced that GBS, a Sharetec Systems provider, had selected SEDONA as its MRM application and services provider. -- Announced an international partnership with Haydrian Corporation based in Bellevue, Washington and with locations across the globe. SEDONA and Haydrian will create a co-branded version of SEDONA's CRM/MRM application, Intarsia. Haydrian will immediately begin to market, sell and support Intarsia to local and regional financial institutions in the developing countries of the world. Haydrian will also offer Intarsia integrated with Haydrian's anti-money laundering solution, XM3. -- Announced the delivery of the first version of Intarsia for the higher education market at one of the country's most prestigious universities. The product is anticipated to be generally available in May 2007.

For more information regarding SEDONA's 2006 results, please refer to the Company's Form 10-KSB filed with the Securities and Exchange Commission on April 17, 2006.

About SEDONA Corporation

SEDONA(R) Corporation (BULLETIN BOARD: SDNA) provides multi-vertical Customer/Member Relationship Management (CRM/MRM) solutions and services specifically tailored to the small to mid-size financial services market. SEDONA's CRM/MRM solution, Intarsia(R), is designed and priced to support and meet the needs of the multiple lines of business of small-to-midsize banks and credit unions. Intarsia provides the entire financial services institution with a complete and accurate view of their customers' and prospects' relationships and interactions. By utilizing SEDONA's CRM/MRM solution and services, SEDONA's clients effectively identify, acquire, foster, and retain loyal, profitable customers. For additional information, visit the SEDONA web site at http://www.sedonacorp.com/ or call 1-800-815-3307.

Forward-Looking Statements

Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement containing words such as "believes," "anticipates," "plans," or "expects," and other statements which are not historical facts contained in this release are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements.

SEDONA(R) and Intarsia(R) are registered trademarks of SEDONA Corporation. All other trade names are the property of their respective owners. This press release and prior releases are available on the SEDONA Corporation web site at http://www.sedonacorp.com/.

SEDONA Corporation

CONTACT: INVESTOR CONTACT - Steve Ficyk, +1-216-373-6856,
stevef@sedonacorp.com; MEDIA CONTACT - Michelle Brown, +1-610-337-8400,
michelleb@sedonacorp.com, both of SEDONA Corporation

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

EMC Technology Racks Up Awards At AIIM ConferenceEMC Documentum Software Honored with Readers' Choice and ACE Awards

BOSTON, April 18 /PRNewswire/ -- AIIM Conference & Expo 2007 -- EMC Corporation, the world leader in information infrastructure solutions, today announced that its enterprise content management software solutions were honored as winners of the Readers' Choice Awards by E-Doc magazine, as well as the ACE Awards by ECM Connection. EMC received the awards yesterday at the annual AIIM Conference and Exposition currently taking place in Boston, Massachusetts.

EMC won Readers' Choice Awards in four categories. The awards recognize the best products in the enterprise content management (ECM) industry as selected by the readers of AIIM E-Doc magazine. The EMC Documentum platform was honored in the ECM Suites category, the Documentum Records Manager solution won in the Records Management category, Documentum ECI Services for Google was honored in the Search category, and the Documentum Digital Asset Manager and Web Publisher solutions won in the Web Content Management category.

"We are truly honored that the readers of E-Doc magazine named the EMC Documentum offerings their preferred software solutions in four key categories," said Balaji Yelamanchili. "These awards are further proof of EMC's ongoing commitment to delivering to customers the highest-quality information infrastructure solutions."

In addition to the E-Doc Readers' Choice Awards, EMC received the ACE Award by ECM Connection in the government industry for its efforts in promoting the education and adoption of enterprise content management (ECM) technologies within the industry. The ACE Awards are given to hardware and software vendors who provide innovative and feature-rich product offerings; produce information-rich materials that educate end users and partners on ECM; and deliver quality training, consulting and technical support services. EMC was selected for the ACE Award because it successfully demonstrates each of the criteria within the government vertical. EMC was also selected by the judges of the ACE Awards as a finalist in the healthcare and financial services categories.

EMC customers were also recognized at the AIIM Conference. DLA Piper, a global legal firm, was recognized as a finalist for the Carl E. Nelson Best Practices Awards for its use of Documentum eRoom collaboration software. The secure collaboration software is saving DLA Piper, its clients and co-counsel approximately 15,000 hours annually by enabling proactive contract management and streamlining payments and invoice processes - all while meeting rigorous confidentiality and security requirements.

Another EMC customer, CMC, was named a finalist for the Best Practice Award from AIIM for its use of EMC Documentum and EMC Captiva(R) InputAccel(R) software for the capture and management of various content types throughout its organization. CMC provides a variety of services to financial institutions and retailers with credit and debit card programs. The company is using Documentum to manage and store customer transaction reports, audio recordings of customer calls into the call center, customer correspondence and other information. CMC selected Documentum software because its encryption capabilities help protect customers' financial information. CMC is also leveraging Captiva document capture technology to capture data from the more than 70,000 pages of paper correspondence it receives monthly.

About AIIM - The Association for Information and Image Management

AIIM - the international authority on Enterprise Content Management (ECM), is leading the way to the understanding, adoption and use of ECM technologies. These technologies, tools and methods are used to capture, manage, store, preserve and deliver content across an enterprise in support of business processes. As a non-profit association for more than 60 years, AIIM provides news, information and resources through its website and ongoing education through programs that include market analysis, industry standards development, e-learning courses, publications, local chapters and regional events. Complete information about the association is available on the Web at http://www.aiim.org/ .

About EMC

EMC Corporation is the world's leading developer and provider of information infrastructure technology and solutions that enable organizations of all sizes to transform the way they compete and create value from their information. Information about EMC's products and services can be found at http://www.emc.com/ .

EMC and Documentum are registered trademarks of EMC Corporation and its subsidiaries. All other trademarks are the property of their respective owners.

CONTACT: Sarah Needham 858-320-1016 needham_sarah@emc.com

EMC Corporation

CONTACT: Sarah Needham of EMC Corporation, +1-858-320-1016,
needham_sarah@emc.com

Web site: http://www.aiim.org/
http://www.emc.com/

Cognizant Technology Solutions Schedules First Quarter 2007 Earnings Release and Conference Call

TEANECK, N.J., April 18 /PRNewswire-FirstCall/ -- Cognizant Technology Solutions Corporation , a leading provider of global IT and business process outsourcing services, will announce results for the first quarter ended March 31, 2007 on Wednesday, May 2, 2007 pre-market open.

Following the release, Cognizant management will conduct a conference call at 10:00 a.m. (Eastern) to discuss operating performance for the quarter. To participate in the conference call, domestic callers can dial (888) 652-6834 and international callers can dial (706) 679-3288.

The conference call will also be available live via the Internet by accessing the Cognizant web site at http://www.cognizant.com/. Please go to the web site at least fifteen minutes prior to the call to register, download and install any necessary audio software.

For those who cannot access the live broadcast, a replay will be available by dialing (800) 642-1687 for domestic callers and (706) 645-9291 for international callers and entering "6267812" from two hours after the end of the call until 11:59 p.m. (Eastern) on May 9, 2007. The replay will also be available at Cognizant's web site http://www.cognizant.com/ for thirty days following the call.

About Cognizant

Cognizant is a leading provider of global IT and business process outsourcing services. Focused on delivering strategic information technology solutions that address the complex business needs of its clients, Cognizant uses its own on-site/offshore outsourcing model to provide applications management, development, integration, and reengineering; infrastructure management; business process outsourcing; and numerous related services, such as enterprise consulting, technology architecture, program management, and change management.

Cognizant has more than 43,000 employees who are committed to partnerships that sustain long-term, proven value for customers by delivering high-quality, cost-effective solutions through its development centers in India and on-site client teams. Cognizant maintains P-CMM, SW-CMM and CMMI Maturity Level 5 assessments from an independent third-party assessor and ranked among the top information technology companies in Business Week's Hot Growth Companies. Cognizant is a member of the NASDAQ-100 Index and the S&P 500 Index. Find additional information about Cognizant at http://www.cognizant.com/.

This press release includes statements which may constitute forward- looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the accuracy of which are necessarily subject to risks, uncertainties, and assumptions as to future events that may not prove to be accurate. Factors that could cause actual results to differ materially from those expressed or implied include general economic conditions and the factors discussed in our most recent Form 10-K and other filings with the Securities and Exchange Commission. Cognizant undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Cognizant Technology Solutions Corporation

CONTACT: Gordon Coburn, Chief Financial and Operating Officer of
Cognizant Technology Solutions Corporation, +1-201-801-0233,
gcoburn@cognizant.com; or Investors: Gordon McCoun, or Media: Brian Maddox or
Scot Hoffman, scot.hoffman@fd.com, all of Financial Dynamics, +1-212-850-5600,
for Cognizant Technology Solutions Corporation

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

Leisure Bay Industries Selects AT&T to Provide Network ServicesAT&T Will Serve as Primary Network and Data Services Provider for Florida-Based Retailer

LAKE MARY, Fla., April 18 /PRNewswire-FirstCall/ -- AT&T Inc. today announced a new contract to provide network services to Leisure Bay Industries, a nationwide retailer with headquarters in Lake Mary, Fla. Leisure Bay Industries, the nation's largest retailer of above-ground swimming pools, portable spas, billiard tables, tanning beds, gas grills and patio furniture, operates 33 satellite retail outlets across the United States under the name Recreational Factory Warehouse.

Under the terms of the three-year contract, AT&T will serve as the primary network and data services provider to Leisure Bay Industries, integrating AT&T's MPLS Virtual Private Network (VPN) for an enhanced communications network among retail outlets.

AT&T VPN is a fully managed network solution that will give Leisure Bay Industries the required network infrastructure and increased bandwidth to meet the company's growing demand for interoperability with its Internet Protocol (IP) operations. The solution will provide Leisure Bay Industries with a secure network that will enable reliable connectivity and can be accessed simultaneously by all locations.

"The unified network provided by AT&T will provide us with a safe, flexible and efficient platform in which to streamline communications among all of our nationwide locations," said Harvey Adams, IT manager, Leisure Bay Industries. "This will ultimately result in our ability to meet and exceed the growing demands of our customers nationwide."

This solution, which aligns with AT&T's customer-focused convergence strategy, is backed by AT&T's IP backbone for the highest levels of efficiency and redundancy. In addition, the solution will protect the integrity of Leisure Bay Industries' data as it is transferred across the network.

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

About Leisure Bay Industries

Leisure Bay Industries, with their retail stores operating under the name Recreational Factory Warehouse, is the largest retailer of above ground swimming pools, portable spas, billiard tables, tanning beds, gas grills, and patio furniture in the United States and the largest factory direct source of home recreational products in the world. Don and Gary Doebler founded the company in 1974 with a retail outlet located in North Tonawanda a suburb of Buffalo, New York. The company started with five employees selling primarily above ground pools. The company now supplies hundreds of pool and spa dealers throughout the country and around the globe. For more information, visit http://www.leisurebay.com/.

About AT&T

(C)2007 AT&T Knowledge Ventures. AT&T and the AT&T logo are trademarks of AT&T Knowledge Ventures. For more information, please review this announcement in the AT&T newsroom at http://www.att.com/newsroom.

AT&T Inc.

CONTACT: Kelly Starling of AT&T Inc., +1-561-301-1414,
kelly.starling@att.com

Web site: http://www.att.com/
http://www.leisurebay.com/

Raytheon Demonstrates New DCGS Web-Portal Capabilities to Improve Intelligence Sharing Across Military Services

GARLAND, Texas, April 18, 2007 /PRNewswire/ -- Raytheon Company recently demonstrated new key Web-portal capabilities, much like the Internet, that will improve intelligence sharing across the military services and intelligence agencies and facilitate closer collaboration.

After the 9/11 Commission stressed that the military services need to collaborate more closely through improved technologies, Raytheon demonstrated to program officials in various scenarios an industry-first hybrid version of its Distributed Common Ground System (DCGS) Block 10.2. In the demonstration, Raytheon showed how appropriate personnel could easily access and view real- world operational mission data.

"The hybrid demonstration depicts how the DCGS can greatly improve intelligence sharing in the network-centric environment," said Anthony DiFurio, director for the Tactical Intelligence System business of Raytheon's Intelligence and Information Systems. "The 10.2 system and its tools will enhance the user's ability to access and exploit vast amounts of intelligence data through the DCGS metadata catalog."

The Raytheon team additionally executed a search of the intelligence data from the experimental Distributed Common Ground System (DGS-X) metadata catalog. Advanced Synthetic Aperture Radar System data were picked from the search query and then displayed. The DGS-X system was the first DCGS Block 10.2 system to be accepted by the Air Force in August 2006.

When fully fielded, DCGS Block 10.2 will be a worldwide distributed, network-centric enterprise architecture that enables sharing, discovery and collaborative intelligence operations and production. Its environment provides for both the physical and electronic distribution of intelligence, surveillance and reconnaissance data, processes, and systems. Raytheon was the first defense contractor to implement and deliver a service-oriented architecture to modernize the Air Force's ISR systems.

Based in Garland, Texas, Raytheon IIS is a leading provider of information and intelligence solutions to the government. Raytheon IIS has annual revenues of approximately $2.6 billion and employs more than 8,000 engineering and technical professionals worldwide. Raytheon IIS recently achieved a strategic milestone in earning CMMI Level 3 accreditation across its enterprise.

Raytheon Company, with 2006 sales of $20.3 billion, is a technology leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning more than 80 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems, as well as a broad range of mission support services. With headquarters in Waltham, Mass., Raytheon employs 73,000 people worldwide.

Contact: Keith D. Little 703.849.1675

Raytheon Company

CONTACT: Keith D. Little, of Raytheon Company, +1-703-849-1675

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

Prime Companies Purchases RepairPage.com; Projects $5 to $7 Million Yearly Revenue

YUBA CITY, Calif., April 18 /PRNewswire-FirstCall/ -- Prime Companies, Inc. today announced its continued aggressive push toward capturing another key slice of the multi-million dollar Dental Industry by acquiring RepairPage.com.

By utilizing RepairPage.com, and implementing its "support on demand" web tools, Prime Companies is positioned to better serve its customers and the entire dental industry at large. Both customers and non customers will have access to Prime Companies' new remote data support facility.

The RepairPage.com web site allows dentists, and others, to take advantage of its unique total access to a problematic computer as though a technical person were right on site. This allows for immediate solutions, minimizing inconvenience for patients, down time for dentists and also minimizing revenue loss.

Customers will be offered maintenance agreements allowing a defined amount of remote support time on a monthly, quarterly or yearly basis. Non-customers will also be offered support on a pay in advance basis. This will all be accomplished through RepairPage.com. It is projected that RepairPage.com will generate $5 to $7 million in annual revenue.

Norbert J. Lima, President and CEO of Prime Companies, said that "acquiring RepairPage.com affirms Prime Companies' commitment to the dental industry and on a national basis further supports both customers and non-customers by providing prompt and cost effective resolution to the multiplicity of data requirements within that industry. RepairPage.com clearly adds to Prime Companies' stated goal of being 'one stop shop' for the dental industry while at the same time providing immediate profitability and augmenting shareholder value."

About PRIME COMPANIES, INC.:

Prime Companies, Inc., through its wholly owned subsidiary Nacc-Tel, Corp, currently provides Broadband and telecommunications services (Voice and Data) to both commercial and consumer customers in the Northern California market area. The services offered include, Broadband, Data Networks, Interconnect, Voice Over the Internet (VOIP), and Voicemail Services. The recent Computer Resource Technologies asset purchase augmented Nacc-Tel, Corp's portfolio of services to include the provisioning of hardware and software products to the Dental and Medical industries in Colorado and the Midwest.

Safe Harbor:

Statements in this news release regarding Prime Companies, Inc. that are not historical facts are forward-looking statements and are subject to risks and uncertainties that could cause such statement to differ materially from actual future events or results. Any such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The following factors, among others, could cause Prime Companies, Inc.'s actual results to differ materially from those described in a forward-looking statement: limited history of offering Prime Companies, Inc.'s services in its current form; history of losses; increasing competition from existing or new competitors; increased telecommunications costs resulting from the expansion of Prime Companies, Inc.'s services; rapid technological change; possible unavailability of financing as and if needed; dependence on a limited number of vendors, including without limitation third-party vendors for the provision and roll-out of the Prime Companies, Inc. broadband service; inability to achieve telecommunication cost savings through efficient hardware utilization; possible industry consolidation; and potential fluctuations in quarterly and annual results. This list is intended to identify only certain of the principal factors that could cause actual results to differ. Readers are referred to the reports and documents filed by Prime Companies, Inc. with the Securities and Exchange Commission for a discussion of these and other important risk factors.

CONTACT: Prime Companies, Inc. Norbert J. Lima President and CEO 409 Center Street Yuba City, CA 95991-4500 (530) 755-3580 Paul Knopick E & E Communications pknopick@eandecommunications.com 949/707-5365

Prime Companies, Inc.

CONTACT: Norbert J. Lima, President and CEO of Prime Companies, Inc.,
+1-530-755-3580; or Paul Knopick of E & E Communications, +1-949-707-5365,
pknopick@eandecommunications.com, for Prime Companies, Inc.

South African Broadcasting Corporation Deploys Microsoft Dynamics CRM to Capitalize on New Business OpportunitiesNew Microsoft CRM implementation gives users access to real-time information, increasing productivity and sales efficiency.

REDMOND, Wash. and JOHANNESBURG, South Africa, April 18 /PRNewswire-FirstCall/ -- The South African Broadcasting Corporation (SABC) and Microsoft Corp. today announced the deployment of Microsoft Dynamics(TM) CRM across SABC's sales and marketing organization. The solution, which was implemented within eight months, will improve work-force productivity by automating the entire sales process and providing employees with easy access to real-time information. Phase one of the project was rolled out to 250 employees in the company's head office and is currently being deployed to its network of regional offices.

(Logo: http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO )

Over 24 million adults tune in to the SABC's network of 18 radio stations every day, and 19 million adults watch the three free-to-air television channels. SABC Commercial Enterprises, comprising commercial airtime sales across radio and television, program, sport and education sponsorships, and interactive media sales, currently accounts for 76 percent of the SABC's revenue. To manage its extensive network of market interaction, SABC needed a Microsoft CRM solution that could help make its customer relationship processes more consistent and effective.

"Given the contribution of the Commercial Enterprises division to SABC's overall business, we identified the need for a client-centric approach to manage business leads across various sales units," said Gab Mampone, group executive of SABC Commercial Enterprises. "The dynamic nature of the broadcast and sales industry not only required a flexible system that could be adapted to the ever-changing requirements of business, but one that could at the same time have a 360-degree view of client business at the push of a button."

"Our priority was to ensure that the solution could integrate seamlessly with Microsoft(R) Office and Outlook(R), which are currently standard tools of the trade. Ensuring a consistent and simple experience for our teams to go about their work was a key factor in SABC Commercial Enterprises' decision to deploy Microsoft Dynamics CRM," Mampone said. "The partners have in turn taken bold steps in the right direction. We are excited about the next phase of this innovative journey."

This relationship opens up numerous opportunities such as the automation of the sales process and customer information. Microsoft CRM automates the third-party movement of customers directly into the Microsoft Dynamics CRM database and integrates it into the division's existing data warehousing solution for reporting requirements, and feeds into its business management solution.

IMMIX Solutions (Pty) Ltd., a Microsoft Gold Certificate Partner, worked with the SABC to map out the company's complex customer relationships and create benchmarks upon which to measure success and improve on the user experience, ensuring standardized internal processes and the ability to measure return on investment.

The deployment of Microsoft Dynamics CRM resulted in numerous benefits for the SABC. The alliance resulted in a number of unique components seen as a "first" in the broadcast industry and ensures easy access to real-time information, thus increasing productivity. Simplified customer data entry reduces effort and increases productivity exponentially, with improvements in report compilation, job prioritization and general searches. In addition, where multiple account teams are dealing with different media planners, advertisers and clients, the system provides one view of all the sales engagements underway. Teams are also now able to turn proposals around much faster and take advantage of new opportunities quickly and effectively. Business managers are able to forecast, track budgets and monitor conversion rates, enabling them to train and reward employees accordingly.

"Being able to map SABC's customer relationships has been a major benefit of this deployment, as it has enabled the company to have a dynamic overview of their relationships with both existing and potential customers," said Warren O'Reilly, director of IMMIX Solutions. "Users can now see who is responsible for a client relationship, what contact they have had with the customer and, in the case of an issue, escalate it more quickly up the chain of command. Most important though for SABC, it is now 99 percent self-sufficient in maintaining the Microsoft CRM system and training employees."

"Microsoft CRM has delivered a radically better CRM value proposition than what SABC had before, providing it with an outstanding user experience delivered through the familiar desktop tools it uses every day, and a fast, flexible and easy-to-deploy platform based on common tools and industry standards," said Gabriele Di Piazza, managing director of the Media and Entertainment Business for the Communications Sector at Microsoft.

About SABC

The SABC is South Africa's national public broadcaster. Almost 24.4 million adults tune into the SABC's network of 18 radio stations everyday, and 19.1 million adults watch the three free-to-air television channels.

About Microsoft Dynamics

Microsoft Dynamics is a line of financial, customer relationship and supply chain management solutions that helps businesses work more effectively. Delivered through a network of channel partners providing specialized services, these integrated, adaptable business management solutions work like and with familiar Microsoft software to streamline processes across an entire business.

About Microsoft

Founded in 1975, Microsoft (Nasdaq "MSFT") is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.

Microsoft, Microsoft Dynamics and Outlook are trademarks of the Microsoft group of companies.

The names of actual companies and products mentioned herein may be the trademarks of their respective owners.

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk photodesk@prnewswire.com Microsoft Corp.

CONTACT: Press only, In the United States, Rose Tucker, +1-425-452-5463,
rtucker@webershandwick.com, or In Europe, the Middle East and Africa, Robin
Clark, +44-207-067-0522, rclark@webershandwick.com, both of Weber Shandwick
for Microsoft Corp.; or In South Africa, Dominique Pienaar of Microsoft Corp.,
Text 100 Public Relations for Microsoft, +27-11-361-7487,
v-dompie@microsoft.com

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

Lattice Incorporated Year-End Revenue Up 77% to $7.5MConference Call Scheduled for April 19 at 11 a.m.

PENNSAUKEN, N.J., April 18 /PRNewswire-FirstCall/ -- Lattice Incorporated (BULLETIN BOARD: LTTC) , a provider of advanced technological solutions to key government agencies and enterprise customers, announced today the company's year-end results for 2006.

Sales for the fiscal year increased by 77% to $7,495,000 compared to $4,235,000 in fiscal year 2005. Technology service revenues increased 93% to $5,803,000 from $3,011,000 in the prior year due to acquisitions, new contracts with government agencies and the expansion of existing contracts. Revenues from technology products increased 38% to $1,692,000 in 2006 from $1,224,000 in 2005 as a result of increased customer shipments.

The company's operating income for the year ended December 31, 2006, was $456,000 compared to a loss of $1,007,000 a year earlier. Excluding depreciation, amortization and share-based compensation, adjusted operating income in 2006 was $1,327,000 compared to a loss of $837,000 in 2005. Although a non-GAAP performance measure, the company believes adjusted operating income is a meaningful measure of its operations.

Gross margin in '06 improved to 55.2% from 46.3% in '05, driven mainly by higher revenues from in-house labor as opposed to subcontractor pass-through revenues as well as a shift towards higher margin fixed price contracts in the company's service segment. Excluding amortization and non-recurring expenses related to the RTI acquisition, the company's selling, general and administrative expenses decreased 15.2% from $2,481,000 in 2005 to $2,104,000 in 2006. As a percent of sales, total selling, general and administrative expenses decreased to 43.3% in 2006 from 59.9% in 2005. Total operating expenses decreased from 70.1% of sales in 2005 to 49.1% in 2006. These decreases were primarily attributable to continued cost cutting measures and administrative savings resulting from combining operations among subsidiaries.

The company reported a $16.9 million non-cash derivative expense in 2006 related to a financing in the third quarter. Due largely to this expense, the company incurred a net loss for the year of $16.3 million, or $1.37 per share, compared to a net loss of $863,000 in 2005, or $0.10 per share.

Lattice CEO Paul Burgess said, "2006 was a significant year for the company. We concluded a restructuring, completed an acquisition that will approximately double our revenues on top of strong growth in our existing operations. In addition to paying off a $2 million debenture during the year, we strengthened our capital structure with an equity financing in the third quarter and a reverse split in February and expanded availability on our line of credit facility from $1.0 million to $2.0 million in November 2006. Since the end of the year we also added three high-profile directors and re-branded the company to highlight the integration of our subsidiaries and our focus on advanced secure communications products and services. We now have an integrated products and services portfolio built to leverage our proprietary technologies among existing customers and in entirely new markets."

Lattice CFO Joe Noto stated, "We made significant financial improvements during 2006, realizing positive adjusted operating income in each quarter. Our operating results continued to improve significantly through aggressive cost controls and the expansion of existing contracts. Excluding the results of the RTI acquisition, both product and service segment revenues increased by more than 35% during the year. As a percent of sales, we were able to expand gross margins markedly while decreasing our SG&A expenses. We expect to complete the integration of our businesses in 2007 and gain further cost savings as we look ahead."

A copy of the financial statements follows.

The company will host a conference call with CEO Paul Burgess and CFO Joseph Noto on Thursday, April 19 at 11 a.m. Eastern Daylight Saving Time. The call will cover Lattice's 2006 financial results. Paul Burgess will open the conference call, followed by a question-and-answer session.

To participate in this call, dial (888) 200-8152 any time after 10:50 a.m. EDT on April 19. International callers should dial (973) 935-8764.

A live webcast of the call will be available at http://viavid.net/dce.aspx?sid=00003DF8. A podcast will also be available approximately 15 minutes after the live event ends at http://viavid.net/mp3/00003DF8.mp3. Each will be archived for approximately 90 days.

About Lattice Incorporated

Lattice Incorporated is a provider of advanced information and communications technology to the government and commercial markets. The company's technology services division designs, deploys and manages advanced technological solutions at key government agencies and mid- to large-sized enterprises. Lattice's technology products division consists of several core proprietary platforms used to develop customized software applications with military grade security in multiple vertical markets. For more information, visit http://www.latticeincorporated.com/.

An investment profile about Lattice Incorporated may be found at http://www.hawkassociates.com/lttcprofile.aspx.

For investor relations information regarding Lattice Incorporated, contact Frank Hawkins or Julie Marshall, Hawk Associates, at (305) 451-1888, e-mail: info@hawkassociates.com. An online investor relations kit including copies of press releases, current price quotes, stock charts and other valuable information for investors may be found at http://www.hawkassociates.com/ and http://www.americanmicrocaps.com/. To receive free e-mail notification of future releases for this company, sign up at http://www.hawkassociates.com/email.aspx.

Forward-Looking Statements: Statements in this press release may be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations, estimates and projections about Lattice Incorporated's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and probably will, differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those risks discussed from time to time in the company's filings with the Securities and Exchange Commission, including the Risk Factors in the Form 10-KSB for the year ended December 31, 2006 and Management's Discussion and Analysis of Financial Condition and Results of Operations included in the Form 10-KSB for the year ended December 31, 2006 and the Form 10-QSB for the quarter ended September 30, 2006. In addition, general industry and market conditions and growth rates, and general economic conditions and competitive conditions, particularly those relating to the our working capital and the market for our products and services and our dependence on government and government-related business, regulatory matters and other factors could affect such statements. Any forward-looking statement speaks only as of the date on which they are made, and the company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release.

LATTICE INCORPORATED (formerly Science Dynamics Corp.) AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS DECEMBER 31, 2006 2005 ASSETS Current assets: Cash and cash equivalents $392,275 $53,997 Accounts receivable - trade 2,412,164 706,255 Inventories 64,442 6,049 Other current assets 698,514 190,581 Total current assets 3,567,395 956,882 Property and equipment, net 37,187 35,279 Goodwill 2,547,866 2,063,833 Other Intangibles, net 7,344,235 1,077,110 Other assets 122,936 19,213 Total assets $13,619,618 $4,152,317 LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT) Current liabilities: Customer deposits $15,000 $150,199 Customer Prepayments 62,495 - Accounts payable 892,773 986,505 Accrued expenses 1,736,754 1,084,555 Current maturities notes payable 1,998,189 2,667,942 Derivative Liability 19,873,782 462,462 Total current liabilities 24,578,993 5,351,663 Non-Current Deferred Tax Liabilities 406,162 - Minority Interest 135,561 78,316 Shareholders' equity - (Deficit) Preferred stock - .01 par value 10,000,000 shares authorized 1,000,000 and 0 issued 10,000 - Common stock - .01 par value, 200,000,000 shares authorized, 16,642,428 and 8,967,477 issued 16,629,848 and 8,954,897 outstanding in 2006 and 2005 respectively. 166,425 89,675 Additional paid-in capital 25,571,152 19,609,720 (Deficit) (36,850,842) (20,579,224) (11,103,265) (879,829) Common stock held in treasury, at cost (397,833) (397,833) Total shareholders' equity (Deficit) (11,501,098) (1,277,662) Total liabilities and shareholders' Equity $13,619,618 $4,152,317 LATTICE INCORPORATED (formerly Science Dynamics Corp.) AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS Year Ended December 31, 2006 2005 Sales - Technology Products $1,692,052 $1,224,042 Sales - Technology Services 5,802,836 3,011,227 Total Sales 7,494,888 4,235,269 Cost of Sales - Technology Products 554,136 439,483 Cost of Sales - Technology Services 2,801,085 1,834,281 Total Cost of Sales 3,355,221 2,273,764 Total Gross Profit 4,139,667 1,961,505 Operating costs and expenses: Research and development 435,768 431,021 Selling, general and administrative 3,248,013 2,537,365 3,683,781 2,968,386 Operating income (Loss) before other income (expenses) 455,886 (1,006,881) Other income (expense): Derivative income (loss) (13,753,295) 370,027 Extinguishment gain (loss) (158,266) Interest Expense (704,178) (509,007) Finance Expense (2,054,520) (26,979) Total other expenses (16,670,259) (165,959) Net (Loss) from operations Before State Income tax benefit (16,214,373) (1,172,840) Benefit from State Taxes -- 216,058 Loss before minority interest (16,214,373) (956,782) Minority Interest (57,245) 93,679 Net Loss $(16,271,618) $(863,103) Basic and diluted earnings per common share $(1.37) $(0.10) Weighted average shares outstanding basic and diluted 11,888,458 8,508,529 LATTICE INCORPORATED (formerly Science Dynamics Corp.) AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS Year Ended December 31, 2006 2005 Cash flows from operating activities: Net (loss) $(16,271,618) $(863,103) Adjustments to reconcile net (loss) to net cash provided by (used for) operating activities: Depreciation 40,831 107,825 Amortization Intangible assets 739,454 56,690 Amortization of debt discount 371,753 154,702 Stock based compensation 90,612 5,000 Financing expense 2,054,520 26,979 Derivative (Income) expense 13,753,295 (370,027) Minority interest 57,245 (93,679) Extinguishment Loss 158,266 - Changes in operating assets and liabilities: (Increase) decrease in: Accounts receivable (818,847) 535,754 Inventories 23,150 44,969 Other current assets (69,472) (14,809) Other assets 1,649 (64,401) Increase (decrease) in: Accounts Payable and accrued expenses (270,269) 489,745 Customer Deposits (135,199) 150,199 Deferred Revenue 62,495 - Total adjustments 16,059,483 1,028,947 Net cash provided by (used for) operating activities (212,135) 165,844 Cash flows from investing activities: Acquisitions (3,665,638) (1,655,325) Cash acquired in acquisitions 156,772 5,519 Purchase of property and equipment (39,837) (12,212) Net cash (used) in investing activities (3,548,703) (1,662,018) Cash flows from financing activities: Issuance of common stock 1,293,906 - Repayment of convertible notes payable (Laurus) (1,000,000) - Financing fees in connection with Barrons financing and Revolving accounts receivable line (553,059) - Loans from Stockholders & Officers 250,000 188,301 Loans paid Stockholders & officers (245,629) (78,912) Payment of Bank Notes - (131,250) Issuance of Convertible Debt (Barrons) 4,450,000 1,867,500 Short term notes paid (234,000) (66,000) Net borrowing (Payment) on Revolving AR credit facility 137,898 (422,149) Net cash (used in) provided by financing activities 4,099,116 1,357,490 Net increase (decrease) in cash and cash equivalents 338,278 (138,684) Cash and cash equivalents - beginning of period 53,997 192,681 Cash and cash equivalents - end of period $392,275 $53,997 Supplemental information: Interest paid $315,470 $235,718 Taxes paid $ - $ - LATTICE INCORPORATED (formerly Science Dynamics Corp.) AND SUBSIDIARIES CONDENSED SEGMENT DATA Year Ended Year Ended December 31, December 31, 2006 2005 Revenue Technology Services $5,802,836(a) 3,011,227(a) Technology Products 1,692,052 1,224,042 Total Consolidated Revenue $7,494,888(a) $4,235,269(a) Net Income (loss) Technology Services 151,052(a) (575,456)(a) Technology Products (16,422,670) (287,647) Total Consolidated Net (Loss) $(16,271,618)(a) $(863,103)(a) Assets Technology Services $12,406,195(b) 3,896,321(b) Technology Products $1,213,422 255,996 Total Consolidated Assets $13,619,617(b) $4,152,317(b) (a) For the Year ended December 31, 2006, operating results reflect the period from September 19, 2006, the date of acquisition of RTI, to December 31, 2006. For the Year ended December 31, 2005, operating results reflect the period from February 14, 2005, the date of the SMEI acquisition, to December 31, 2005 (b) For the Year ended December 31, 2006, includes $2,063,833 of Goodwill related to the SMEI acquisition and $484,033 of Goodwill related to the RTI acquisition. For the Year ended December 31, 2005, includes $2,063,833 of Goodwill related to the SMEI acquisition. LATTICE INCORPORATED (formerly Science Dynamics Corp.) AND SUBSIDIARIES ADJUSTED OPERATING INCOME RECONCILIATION TO REPORTED OPERATING INCOME For the twelve months ended December 31, 2006 2005 Reported Operating Income (Loss) $455,886 $(1,006,881) Add-back: Non-cash Depreciation & Amortization expenses $780,285 $164,515 Share-based Compensation $90,612 $5,000 Adjusted Operating Income (Loss) $1,326,783 $(837,366)

Lattice Incorporated

CONTACT: Investor Relations, Frank Hawkins and Julie Marshall, of Hawk
Associates, Inc., +1-305-451-1888, info@hawkassociates.com, for Lattice
Incorporated

Web site: http://viavid.net/dce.aspx?sid=00003DF8
http://viavid.net/mp3/00003DF8.mp3
http://www.latticeincorporated.com/
http://www.hawkassociates.com/lttcprofile.aspx
http://www.hawkassociates.com/
http://www.americanmicrocaps.com/

EarthLink and RSA Enhance Relationship to Protect Consumers From PhishingCompanies join forces to help provide enhanced security and boost consumer confidence onlineCooperation helps block consumer access to phishing sites; EarthLink also joins RSA detection network for rapid discovery of attacks

BEDFORD, Mass., April 18 /PRNewswire/ -- RSA, The Security Division of EMC , today announced that it has broadened its strategic relationship with EarthLink .

The companies started working together in 2005 when EarthLink joined the RSA FraudAction(SM) Blocking Network in order to enhance its phisher blocking tools and services further. With today's announcement, EarthLink has also joined the RSA FraudAction worldwide detection network, a move that will augment RSA's ability to counter more attacks faster, and provide end-users with greater protection against online threats such as phishing.

"Consumers live in an 'always on' world; most have a constant broadband Internet connection and are 'always on' the lookout for threats that can compromise their computers," said Jonathan Young, EarthLink's vice president of security software, subscription and services. "Similarly, EarthLink is always on the offensive to make sure consumers have the tools they need for a safe online experience. Working with RSA and deploying products like EarthLink's ScamBlocker are only a few examples of our commitment to provide all Internet users with features that keep them safe from online threats."

"We are committed to helping organizations accelerate their online businesses and boost consumer confidence through enhanced security. Working with forward-thinking, customer-facing companies like EarthLink helps both parties achieve their aims in this regard," said Marc Gaffan, Director of Marketing, Consumer Solutions at RSA. "When dealing with online threats like phishing, speed is critical -- the faster we can detect attacks, the faster we can block access to them and shut them down. By expanding our relationship with EarthLink to include both detection and blocking, our customers and consumers everywhere will benefit from added protection and peace of mind."

Rapid Detection of Phishing Attacks

The RSA FraudAction service includes a broad detection network that is designed to allow RSA's 24x7 Anti-Fraud Command Center to be rapidly aware of unfolding attacks. RSA's fraud analysts then proceed to block and shut down the attacks to mitigate any potential damage. The RSA detection network includes feeds from a multitude of sources, including various anti-spam partners, domain-monitoring, honeypots and more. EarthLink, which encourages its users to report phishing attacks, sends RSA a feed of phishing attacks and the copies of phishing emails that are provided by its users; this additional source enhances RSA's detection capabilities and assists in mitigating attacks as soon as possible.

Blocking Access to Confirmed Fraudulent Sites

Since mid-2005, the RSA 24x7 Anti-Fraud Command Center has provided data to enhance ScamBlocker ( http://www.scamblocker.com/ ) -- EarthLink's consumer application designed to help protect Internet users from insidious phishing site scams. RSA sends EarthLink and its other blocking partners a feed of confirmed fraudulent sites. EarthLink's ScamBlocker then warns users before they access known or suspected phishing sites, and redirects them to an EarthLink-generated Web page that provides additional information about phishing and similar online scams, and details on the actions subscribers can take to further protect themselves. ScamBlocker is available to all Internet users, not just EarthLink access subscribers.

About RSA

RSA, The Security Division of EMC, is the premier provider of security solutions for business acceleration, helping the world's leading organizations succeed by solving their most complex and sensitive security challenges. RSA's information-centric approach to security guards the integrity and confidentiality of information throughout its lifecycle - no matter where it moves, who accesses it or how it is used.

RSA offers industry-leading solutions in identity assurance & access control, encryption & key management, compliance & security information management and fraud protection. These solutions bring trust to millions of user identities, the transactions that they perform, and the data that is generated. For more information, please visit http://www.rsa.com/ and http://www.emc.com/ .

RSA and eFraudNetwork are either registered trademarks or trademarks of RSA Security Inc. in the United States and/or other countries. EMC is a registered trademark of EMC Corporation. All other products or services mentioned are trademarks of their respective companies.

About EarthLink

"EarthLink. We revolve around you(TM)." As the nation's next generation Internet service provider, Atlanta-based EarthLink has earned an award-winning reputation for outstanding customer service and its suite of online products and services. Serving over five million subscribers, EarthLink offers what every user should expect from their Internet experience: high-quality connectivity, minimal online intrusions, and customizable features. Whether it's dial-up, high-speed, voice, web hosting, wireless or "EarthLink Extras" like home networking or security, EarthLink provides the tools that best let individuals use and enjoy the Internet on their own terms. Learn more about EarthLink by calling (800) EARTHLINK or visiting EarthLink's Web site at http://www.earthlink.net/ .

This release contains "forward-looking statements" as defined under the Federal Securities Laws. Actual results could differ materially from those projected in the forward-looking statements as a result of certain risk factors, including but not limited to: (i) adverse changes in general economic or market conditions; (ii) delays or reductions in information technology spending; (iii) risks associated with acquisitions and investments, including the challenges and costs of integration, restructuring and achieving anticipated synergies; (iv) competitive factors, including but not limited to pricing pressures and new product introductions; (v) the relative and varying rates of product price and component cost declines and the volume and mixture of product and services revenues; (vi) component and product quality and availability; (vii) the transition to new products, the uncertainty of customer acceptance of new product offerings and rapid technological and market change; (viii) insufficient, excess or obsolete inventory; (ix) war or acts of terrorism; (x) the ability to attract and retain highly qualified employees; (xi) fluctuating currency exchange rates; and (xii) other one-time events and other important factors disclosed previously and from time to time in the filings of EMC Corporation, the parent corporation of RSA Security Inc., with the U.S. Securities and Exchange Commission. RSA and EMC disclaim any obligation to update any such forward-looking statements after the date of this release.

CONTACT: Matt Buckley RSA, The Security Division of EMC (781) 515-6212 mbuckley@rsa.com Sandra Heikkinen OutCast Communications (212) 905-6043 sandra@outcastpr.com

EMC Corporation

CONTACT: Matt Buckley, RSA, The Security Division of EMC,
+1-781-515-6212, mbuckley@rsa.com , or Sandra Heikkinen, OutCast
Communications, +1-212-905-6043, sandra@outcastpr.com

Web site: http://www.scamblocker.com/
http://www.earthlink.net/
http://www.rsa.com/
http://www.emc.com/

Salesforce.com Introduces Campaignforce, New Salesforce Political Campaigns EditionNow political campaigns can use the same powerful tools as businesses to build enduring relationships, raise money, track news, and organize campaignsRomney campaign successfully uses Apex platform to build customized solutions for improved donor relations and increased fundraisingNew vertical product allows campaigns to manage fundraising and relationships with donors, track polls and buzz - all with only an Internet connection

SAN FRANCISCO, April 18 /PRNewswire-FirstCall/ -- Salesforce.com , the market and technology leader in on-demand business services, today introduced Campaignforce, Salesforce Political Campaigns Edition, the first on-demand application to provide campaign and advocacy groups the ability to strategically manage constituent and donor relations with ease and efficiency. From staffing and fundraising to tracking media buzz and furthering agenda issues, Salesforce Political Campaigns Edition enables political organizations to jump start their campaigns.

(Logo: http://www.newscom.com/cgi-bin/prnh/20050216/SFW105LOGO )

"Political campaigns are embracing the same trend that businesses are: harnessing the power of The Business Web to deepen relationships. Salesforce Political Campaigns Edition allows organizations to take full advantage of that power, providing a way to capture and share information, track the public's attention, collaborate on communicating the agenda, and maximize fundraising," said Marc Benioff, Chairman and CEO of salesforce.com.

Built on the award-winning Salesforce CRM application and the Apex on- demand platform, Salesforce Political Campaigns Edition is an industry- specific constituent relationship management application that puts polling data, contribution tallies and campaign efforts at the fingertips of campaign managers through a user-friendly Web-based control panel.

With the ability to customize and build an almost unlimited range of additional functionality using Apex, the world's first on-demand platform, and the wide array of additional applications available on the AppExchange, such as Netfile (for campaign finance management and Federal Election Committee reporting) and TubeMogul (for Web buzz tracking), Salesforce Political Campaigns Edition enables a revolutionary approach to campaign management. The Web buzz dashboard, for example, leverages Web 2.0 mash-up capabilities to enable tracking of press articles and blog entries, and also keep count of YouTube video viewings and Google searches so users can keep a constant finger on the pulse of donors and the larger voter community.

The presidential campaign of Governor Mitt Romney recently illustrated how CRM can be a strategic tool for fundraising and pushing political agendas. Leveraging Salesforce CRM and the customization capabilities of the Apex platform, the Romney campaign team created "ComMITT," a tailored solution used to manage outreach to constituents and drive higher campaign contributions. "With salesforce.com, ComMITT is able to connect our fundraisers across the country, push essential information to the field, and provide access to critical data anytime, anywhere," said Deputy National Finance Director Ben Godley, who oversaw the salesforce.com implementation. "In doing so, it has allowed us to extend and empower the Romney fundraising machine, and at the same time cut our costs."

"CRM technology can have a significant impact on political campaigns. Look at Romney's 2008 presidential bid," said Paul Greenberg, author of "CRM at the Speed of Light: Essential Customer Strategies for the 21st Century," and president of The 56 Group. "I'm glad to see that salesforce.com has taken a market-leading position again by providing Salesforce Political Campaign Edition. As far as I see, it's the first donor relations management tool from any CRM vendor -- and not only is it first, but it's good."

Manage Political Campaigns Strategically While on the Campaign Trail

Election cycles often dictate that campaign and advocacy groups get up and running quickly -requiring orchestration of a dispersed team of staff and volunteers, and execution of donor outreach and events that support aggressive fundraising targets. Salesforce Political Campaigns Edition provides an application that eliminates the need for buying, implementing and maintaining hardware and software so campaign managers can hit the ground running and focus on their political goals.

Like all salesforce.com solutions, Salesforce Political Campaigns Edition centralizes data into a single location that eliminates the need for duplicate databases and helps ensure information is both accurate and up-to-date. Campaign data can be accessed through any browser or Internet-enabled mobile device, so fundraisers and field staff around the country always have information needed to run local efforts. With its preconfigured dashboards and ability to drill down into details on donors, staff and events, CampaignForce is an unmatched political management tool that gives campaign and advocacy groups the ability to:

* Maximize Fundraising -- gain a 360-degree view of donors, including key agenda concerns, events attended and donation history * Recruit and Manage Staff and Volunteers -- have visibility into available resources, contact details, assigned responsibilities and performance levels * Optimize Operations -- manage events, purchasing, accounts payable and receivable within the context of budgets and goals * Spread and Track Key Messages -- coordinate media relations and advertising efforts; track results against competition Pricing and Availability

Salesforce Political Campaigns Edition is currently scheduled to be available in calendar Q2 2007. Salesforce Political Campaigns Edition is currently scheduled to cost $65 per user per month for the Professional Edition and $125 per user per month for the Enterprise Edition. For more information, visit http://www.campaignforce.com/.

Apex and the AppExchange

Apex is the on-demand platform for the next generation of business applications. Apex reinvents traditional customization and integration and enables a whole new generation of on-demand applications that go beyond CRM. All Apex components and applications can be easily shared, exchanged and installed with a few simple clicks via salesforce.com's AppExchange directory, enabling all the innovation that Apex unleashes to benefit the entire on- demand community.

The Apex on-demand platform is generally available today. The Apex programming language is available today for developer preview, and is currently scheduled to be available in beta to salesforce.com customers later in 2007.

About salesforce.com

Salesforce.com is the market and technology leader in on-demand business services. The company's Salesforce suite of on-demand CRM applications allows customers to manage and share all of their sales, support, marketing and partner information on-demand. Apex, the world's first on-demand platform, enables customers, developers and partners to build powerful new on-demand applications that extend beyond CRM to deliver the benefits of multi-tenancy and The Business Web across the enterprise. All Apex components and applications can be easily shared, exchanged and installed via salesforce.com's AppExchange directory, available at http://www.salesforce.com/appexchange. Customers can also take advantage of Successforce, salesforce.com's world-class training, support, consulting and best practices offerings.

As of January 31, 2007, salesforce.com manages customer information for approximately 29,800 customers and approximately 646,000 paying subscribers including Advanced Micro Devices (AMD), America Online (AOL), Avis Budget Group, Inc, Dow Jones Newswires, Polycom and SunTrust Banks. Any unreleased services or features referenced in this or other press releases or public statements are not currently available and may not be delivered on time or at all. Customers who purchase salesforce.com applications should make their purchase decisions based upon features that are currently available. Salesforce.com has headquarters in San Francisco, with offices in Europe and Asia, and trades on the New York Stock Exchange under the ticker symbol "CRM". For more information please visit http://www.salesforce.com/, or call 1-800-NO-SOFTWARE.

NOTE: Salesforce.com is a registered trademark of salesforce.com, and Apex, AppExchange, The Business Web, IdeaExchange and Successforce are trademarks of salesforce.com, Inc., San Francisco, California. Other names used may be trademarks of their respective owners.

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20050216/SFW105LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk photodesk@prnewswire.com salesforce.com, Inc.

CONTACT: Jane Hynes, +1-415-901-5079, jhynes@salesforce.com, or David
Havlek, Investor Relations, +1-415-536-2171, dhavlek@salesforce.com, both of
salesforce.com

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

South African Broadcasting Corporation Deploys Microsoft Dynamics CRM to Capitalise on New Business Opportunities

REDMOND, Washington and JOHANNESBURG, South Africa, April 18 /PRNewswire/ --

- New Microsoft CRM implementation gives users access to real-time information, increasing productivity and sales efficiency.

The South African Broadcasting Corporation (SABC) and Microsoft Corp (Nasdaq: MSFT) today announced the deployment of Microsoft Dynamics(TM) CRM across SABC's sales and marketing organisation. The solution, which was implemented within eight months, will improve work-force productivity by automating the entire sales process and providing employees with easy access to real-time information. Phase one of the project was rolled out to 250 employees in the company's head office and is currently being deployed to its network of regional offices.

(Logo: http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO )

Over 24 million adults tune in to the SABC's network of 18 radio stations every day, and 19 million adults watch the three free-to-air television channels. SABC Commercial Enterprises, comprising commercial airtime sales across radio and television, programme, sport and education sponsorships, and interactive media sales, currently accounts for 76 per cent of the SABC's revenue. To manage its extensive network of market interaction, SABC needed a Microsoft CRM solution that could help make its customer relationship processes more consistent and effective.

IMMIX Solutions (Pty) Ltd., a Microsoft Gold Certificate Partner, worked with the SABC to map out the company's complex customer relationships and create benchmarks upon which to measure success and improve on the user experience, ensuring standardised internal processes and the ability to measure return on investment.

The deployment of Microsoft Dynamics CRM resulted in numerous benefits for the SABC. The alliance resulted in a number of unique components seen as a "first" in the broadcast industry and ensures easy access to real-time information, thus increasing productivity. Simplified customer data entry reduces effort and increases productivity exponentially, with improvements in report compilation, job prioritisation and general searches. And, where multiple account teams are dealing with different media planners, advertisers and clients, the system provides one view of all the sales engagements underway. Teams are also now able to turn proposals around much faster and take advantage of new opportunities quickly and effectively. Business managers are able to forecast, track budgets and monitor conversion rates, enabling them to train and reward employees accordingly.

"Being able to map SABC's customer relationships has been a major benefit of this deployment, as it has enabled the company to have a dynamic overview of their relationships with both existing and potential customers," said Warren O'Reilly, director of IMMIX Solutions. "Users can now see who is responsible for a client relationship, what contact they have had with the customer and, in the case of an issue, escalate it more quickly up the chain of command. Most important though for SABC, it is now 99 per cent self-sufficient in maintaining the Microsoft CRM system and training employees."

About SABC

The SABC is South Africa's national public broadcaster. Almost 24,4 million adults tune into the SABC's network of 18 radio stations everyday, and 19,1 million adults watch the three free-to-air television channels.

About Microsoft Dynamics

Microsoft Dynamics is a line of financial, customer relationship and supply chain management solutions that helps businesses work more effectively. Delivered through a network of channel partners providing specialised services, these integrated, adaptable business management solutions work like and with familiar Microsoft software to streamline processes across an entire business.

About Microsoft

Founded in 1975, Microsoft (Nasdaq "MSFT") is the worldwide leader in software, services and solutions that help people and businesses realise their full potential.

About Microsoft EMEA (Europe, Middle East and Africa)

Microsoft has operated in EMEA since 1982. In the region Microsoft employs more than 12,000 people in 60 subsidiaries, delivering products and services in 138 countries and territories.

This material is for informational purposes only. Microsoft Corp disclaims all warranties and conditions with regard to use of the material for other purposes. Microsoft Corp shall not, at any time, be liable for any special, direct, indirect or consequential damages, whether in an action of contract, negligence or other action arising out of or in connection with the use or performance of the material. Nothing herein should be construed as constituting any kind of warranty.

Microsoft, Microsoft Dynamics and Outlook are trademarks of the Microsoft group of companies.

The names of actual companies and products mentioned herein may be the trademarks of their respective owners.

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

Microsoft Corp.

Microsoft PR, In the United States, Rose Tucker, +1-425-452-5463, rtucker@webershandwick.com, or In Europe, the Middle East and Africa, Robin Clark, +44-207-067-0522, rclark@webershandwick.com, both of Weber Shandwick for Microsoft Corp.; or In South Africa, Dominique Pienaar of Microsoft Corp., Text 100 Public Relations, +27-11-361-7487, v-dompie@microsoft.com ; Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO , AP Archive: http://photoarchive.ap.org ,PRN Photo Desk photodesk@prnewswire.com ; NOTE TO EDITORS: If you are interested in viewing additional information on Microsoft in EMEA, please visit http://www.microsoft.com/emea or the EMEA Press Centre at http://www.microsoft.com/emea/presscentre. Web links, telephone numbers and titles were correct at the time of publication, but may since have changed. For additional assistance, journalists and analysts may contact the Microsoft EMEA Press Office at +44-870-243-0515 or other appropriate contacts listed at http://www.microsoft.com/emea/contactus. If you are interested in viewing additional information on Microsoft Corp, please visit the Microsoft web page at http://www.microsoft.com/presspass on Microsoft's corporate information pages.

MTI Technology Unveils New Health Check Service for Microsoft Exchange ServerConsulting Services Experts Ensure Customers Get Reliable and Fast Access to E-mail and Messaging Systems by Addressing the Performance, Reliability and Security of Their Mission-Critical Messaging Infrastructure

IRVINE, Calif., April 18 /PRNewswire/ -- MTI Technology Corporation , a global provider of end-to-end information infrastructure solutions, today announced the launch of its new Health Check Service for Microsoft Exchange Server 2000 and 2003. This onsite service provides a complete, in-depth analysis of the performance, reliability and security of a client's critical messaging infrastructure and deploys the same top-of-the-line consultants that Microsoft and other companies rely upon to solve their most pressing e-mail issues around their current Microsoft Exchange Server implementation or in preparation for a move to Microsoft Exchange Server 2007.

"Many companies suffer from sub-optimally and/or misconfigured Exchange Server implementations, which can have a negative impact upon current system performance and stability. MTI's Health Check helps businesses to recognize these deficiencies and to significantly increase system performance through tuning and reconfiguration," stated Thomas Raimondi, chairman, CEO and president of MTI. "Our expert consultants work closely with a customer's IT staff to ensure their e-mail and messaging systems deliver the availability, performance and security required to ensure they're receiving the full value of their messaging investment on their existing platforms and are prepared for any pending migration."

MTI is one of an elite group of companies that are Microsoft National Systems Integrators (NSI) who focus on delivery and marketing strategies across multiple geographies and product segments. "Microsoft is pleased that as a National Systems Integrator, MTI has taken the lead and developed this service around Exchange Server," said Jennifer Bogdalek, Director Managed NSI, Microsoft Corp. "MTI's Health Check for Exchange Server is an asset to companies and organizations who have chosen Exchange Server as their messaging platform."

The Health Check is the first in a suite of Exchange Server-focused offerings from MTI. MTI also offers migration and consolidation services, and strategic advice on new versions of Exchange Server, including when and how to migrate, as well as how to take advantage of its features. This service is primarily targeted at customers running Exchange Server 2000 or Exchange Server 2003, and is instrumental in helping to optimize a customer's current deployment, as well as laying the foundations for a smooth migration to Exchange Server 2007.

About MTI Technology

MTI is a global provider of end-to-end information infrastructure solutions for the mid to large size enterprise. With more than 20 years experience in delivering innovative technology solutions and more than 5 million hours of providing professional services, MTI is a leader in end-to-end information infrastructure solutions that span analysis, design, implementation and support. In addition to having served almost 4,000 direct customers as a trusted solutions provider, MTI has strategic technology and services relationships with industry leaders including EMC, Microsoft, VMWARE, Symantec and Cisco.

MTI is a registered trademark of MTI Technology Corporation. All other company, brand or product names are registered trademarks or trademarks of their respective holders.

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. Such statements include statements regarding MTI's expectations, hopes, beliefs or intentions regarding the future, including but not limited to statements regarding the success of MTI, the commercial relationship between MTI and its suppliers, the product offerings and solutions of MTI's suppliers, and the acceptance of MTI's service offerings. Forward-looking statements involve certain risks and uncertainties, and actual results may differ materially from those discussed in any such statement. Factors that could cause actual results to differ materially from such forward-looking statements include competition, evolving technology, and the economy and other world events. Other important factors are set forth in MTI's periodic filings with the U.S. Securities and Exchange Commission, including its Form 10-K for the year ended April 1, 2006. All forward-looking statements in this document are made as of the date hereof, based on information available to MTI as of the date hereof, and MTI assumes no obligation to update any forward-looking statement.

Media Contact: Jamie Brown Independent Marketing 626-432-4594 ext. 105 Jamie@independentmktg.com (Logo: http://www.newscom.com/cgi-bin/prnh/20051010/LAM084LOGO)

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20051010/LAM084LOGO MTI Technology Corporation

CONTACT: Jamie Brown of Independent Marketing, +1-626-432-4594,
ext. 105, Jamie@independentmktg.com, for MTI Technology Corporation

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

Irish Defence Forces Award Harris Corporation $3 Million in Contracts for Falcon(R) II Radios

ROCHESTER, NY, April 18 /PRNewswire-FirstCall/ -- Harris Corporation , an international communications and information technology company, has received contracts valued at $3 million from the Irish Defence Forces for Falcon(R) II tactical communications systems. The Harris Falcon II radios are already widely used by the Irish Defence Forces for peacekeeping missions around the world.

Under the terms of the contracts, Harris will provide its RF-5800H HF (High Frequency) manpack radios and accessories. The RF-5800H uses software- defined radio technology to provide advanced waveforms and IP networking capabilities, allowing reliable, long-range voice and data communication under demanding conditions.

"The Falcon II HF and VHF radios have become essential to the Irish Defence Forces' support of ongoing UN and Partnership for Peace operations abroad," said Colonel Brian McQuaid, director of CIS for the Irish Defence Forces. "Our forces operate under difficult conditions on three different continents. The Harris Falcon II systems have become a lifeline for our men and women serving abroad."

"The Irish Defence Forces' continued investment in Harris Falcon II radio systems is a tribute to the system's superior performance in harsh and challenging environments," said Ed Lockwood, vice president of International Sales, Harris RF Communications.

The Harris Falcon II family of tactical radios is designed for manpack, vehicular, base station and handheld use. The software-based radios provide a common platform, operation, and logistics, and also feature upgradeable, embedded security.

About Harris Corporation

Harris RF Communications Division is a leading supplier of secure voice and data communications products, systems, and networks to military, government, and commercial organizations worldwide. Harris Corporation is an international communications and information technology company serving government and commercial markets in more than 150 countries. Headquartered in Melbourne, Florida, the company has annual revenue of about $4 billion and more than 14,000 employees - including more than 6,000 engineers and scientists. Harris is dedicated to developing best-in-class assured communications(TM) products, systems, and services for global markets, including government communications, RF communications, broadcast communications, and wireless transmission network solutions. Additional information about Harris Corporation is available at http://www.harris.com/.

Harris Corporation

CONTACT: Kevin Aman, RF Communications Division, +1-585-241-8186,
Kevin.aman@harris.com, or Jim Burke, Harris Media Relations,
+1-321-727-9131, Jim.burke@harris.com, both of Harris Corporation

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

SGI Enables Fox Sports Australia to Meet Increased Bandwidth Demands of Two New 24/7 ChannelsSGI Altix XE Servers Transcode Video Streams 2X Faster and SGI InfiniteStorage Provides a Reliable Way to Archive.

SUNNYVALE, Calif. and SYDNEY, Australia, April 18 /PRNewswire-FirstCall/ -- To meet anticipated bandwidth demands for two new 24/7 television channels, Premier Media Group, operators of FOX SPORTS Australia, selected technology from SGI to support its growth in digital program outputs. SGI(R) InfiniteStorage systems and SGI(R) Altix(R) XE ingest and transmission servers are the backbone of Premier Media Group's complete digital infrastructure for end-to-end D10/MXF operation. Installed in early 2004, the original SGI solution was purchased to overcome the workflow restrictions of tape-based ingest. Due to SGI's highly scalable architecture, Premier Media Group has been consistently -- and easily -- adding to their infrastructure to support live ingest and broadcast, SAN, archive and library management needs, as their growth demands.

With four highly popular 24/7 existing channels -- FOX SPORTS 1, FOX SPORTS 2, FUEL TV and HOW TO -- as well as interactive services, Premier Media Group launched two more: FOX SPORTS 3 and FOX SPORTS NEWS. The new channels will add more international sports and sports news. In preparation for the launch, the company expanded its SGI(R) InfiniteStorage Shared Filesystem CXFS(TM) based Storage Area Network (SAN) with 4Gb Fibre Channel fabric, and an SGI(R) InfiniteStorage TP9700 system. The SGI SAN, with the Ardendo suite of ingest and asset management software tools for content management, now totals upwards of 33TB.

The company then looked at handling the bandwidth demands of two new channels. Premier Media Group considered other server clusters, but early last Fall decided on 18 SGI(R) Altix(R) XE servers, when its own tests showed that the SGI servers running Dual Core Intel(R) Xeon(R) processors transcoded 2X faster than other systems under consideration with the same Intel Dual Core Xeon processors.

"We chose SGI XE clusters because SGI was one of the first to come out with the new dual-core machines, and SGI works well with Linux, which is important because Ardendo runs on Linux," said Michael Day, Chief Engineer, Premier Media Group, Australia. "The Altix XE systems transcode twice as fast as any others we tested. Because of the extra load of the new channels, we've got lots more FTPs coming and going, lots more storage, and lots more library. With Ardendo's ability to manage the increased amount of material, we just had to beef up the bandwidth in every way possible. We upgraded the SGI SAN first and then threw the new Altix XE systems on the back of that, because we knew it would be able to support it. SGI has been supporting us very well, so we were quite keen to get all our archive, our SAN, and our archive management system all on the same reliable platform."

Based in Sydney, New South Wales, and employing approximately 300 people on its premises, Premier Media Group currently accesses 25-30 remote feeds to generate upwards of 17 hours of live sports daily while shooting, editing and airing a huge variety of sports-related programming. Premier Media Group originally selected SGI due to its comprehensive approach to meeting all requirements for broadcast applications, and essential to its decision, the SGI CXFS shared filesystem, which enables FOX SPORTS Australia to expand seamlessly for its planned future growth. SGI Australia Professional Services is the prime contractor for the digital archive solution, integrating key SGI components with the Ardendo applications, a Sony(R) PetaSite(R) archive (which has now almost doubled in size to more than 530TB), interfaces to 10 nonlinear editing systems (NLEs), the existing traffic system and TV automation.

"It's been a real evolution, going from tape to digital, and from two channels to four and now to six channels, 24 hours a day, seven days a week," said Day, who has overseen the process from day one. "The SGI SAN and the whole system has become a real powerhouse by just adding components to it."

"The SGI scalable architecture consistently delivers a robust flow of easily accessible digital information ranging from television broadcast ingest, archive, edit and transmission to any data in any endeavor -- all of which can be processed in the wink of an eye," said Louise Ledeen, market segment manager, Digital Content Management and Media, SGI.

"In a nutshell, the essence of the SGI InfiniteStorage SAN is the ability to incrementally add components to it," added Ledeen. "Premier Media Group originally selected SGI for our robust infinitely expandable infrastructure and comprehensive end-to-end solution. SGI's scalability has proven itself many times over in FOX SPORTS Australia's day-to-day production. Far-sighted broadcasters around the globe rely on SGI solutions, not only for archiving, but for their entire broadcast workflow, from ingest to production and editing to playout."

About Premier Media Group

Premier Media Group is the operator of FOX SPORTS 1, FOX SPORTS 2, FOX SPORTS 3, FOX SPORTS NEWS, FUEL TV and HOW TO channels and is a leader in sports television, offering the most relevant, comprehensive, live and exclusive coverage of sport on Australian television. Premier Media Group's sports programming is shown on its three main sports channels and features an average of 20 hours daily of live sports. Every day FOX SPORTS brings Australia more of its favorite sport including AFL, Rugby League, Rugby Union, Soccer, Cricket, Tennis, Golf, Basketball, Baseball, Athletics, Swimming, Motor Sports and more. Local productions include NRL on FOX, Inside Rugby, Inside Cricket and The Golf Show. More information can be found on the Web at http://www.foxsports.com.au/ .

SGI - Innovation for Results(TM)

SGI is a leader in high-performance computing. SGI delivers a complete range of high-performance server and storage solutions along with industry-leading professional services and support that enable its customers to overcome the challenges of complex data-intensive workflows and accelerate breakthrough discoveries, innovation and information transformation. SGI solutions help customers solve their computing challenges whether it's enhancing the quality of life through drug research, designing and manufacturing safer and more efficient cars and airplanes, studying global climate, providing technologies for homeland security and defense, or helping enterprises manage large data. With offices worldwide, the company is headquartered in Sunnyvale, Calif., and can be found on the Web at http://www.sgi.com/ .

(C) 2007 SGI. All rights reserved. SGI, Altix, XFS, the SGI cube and the SGI logo are registered trademarks, and CXFS is a trademark of SGI in the United States and/or other countries worldwide. Linux is a registered trademark of Linus Torvalds in several countries. Intel and Xeon are trademarks or registered trademarks of Intel Corporation or its subsidiaries in the United States and other countries. All other trademarks mentioned herein are the property of their respective owners.

This news release contains forward-looking statements regarding financial and contractual commitments and the installation and performance of hardware and software that are subject to risks and uncertainties. Such risks and uncertainties include reliance on performance of third-party partners, timely delivery of the system, acceptance of the system by the customer, and other risks detailed from time to time in the company's most recent SEC reports.

MEDIA CONTACT Lisa Pistacchio pistacchio@sgi.com 650.933.5683 SGI PR HOTLINE 650.933.7777 SGI PR FACSIMILE 650.933.0714

SGI

CONTACT: Lisa Pistacchio of SGI, +1-650-933-5683, pistacchio@sgi.com,
SGI PR HOTLINE, +1-650-933-7777, SGI PR FACSIMILE, +1-650-933-0714

Web site: http://www.sgi.com/
http://www.foxsports.com.au/

Sender ID Framework Reaches Tipping PointOver 20 million fraudulent e-mails blocked daily at Windows Live Hotmail.

BOSTON, April 18 /PRNewswire-FirstCall/ -- Today, at the third annual Authentication and Online Trust Summit, Microsoft Corp. published results culminating from a two-year-long study on the effectiveness of Sender ID Framework e-mail authentication in helping counter deceptive e-mail. With Windows Live(TM) Hotmail(R) alone detecting over 3.8 billion deceptive messages daily, Sender ID is helping provide real results as a cost-effective solution. Sender ID has enjoyed a threefold increase in adoption, accelerating to 8 million domains worldwide in just under a year.* This technology is helping to realize the promise established by the industry and government agencies to improve trust and confidence in e-mail communications for consumers and marketers alike.

(Logo: http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO )

"Spam and phishing attacks continue to undermine user productivity, trust and online confidence. The business value of Sender ID is now providing tangible benefits," said Ryan Hamlin, general manager of the Technology Care and Safety Group at Microsoft. "Widespread adoption of the Sender ID Framework, continued collaboration with industry, businesses and governments, and a commitment to user education are all promising steps toward protecting the inbox. To help stem this tide of deceptive e-mail, businesses must implement today to protect their brand, their customers and their employees."

Key Results From the Study o Every day, 20 million forged messages are detected by Sender ID-enabled domains. o Reputable marketers that have adopted Sender ID have realized improved deliverability, with up to 85 percent fewer messages mistakenly marked as spam in Windows Live Hotmail. o With spam increasing 40 percent in the past 12 months, spam in Hotmail users' inboxes has actually been reduced by 50 percent; Sender ID contributed 8 percent of that reduction. Benefits Being Realized by Brand Marketers and Online Service Providers

Sender ID is helping major brands, Internet service providers and corporate networks throughout the world improve trust and confidence in their e-mail communications. Industry-leading brands such as eBay and PayPal are increasingly relying on Sender ID to improve trust in their communications with their customers. GoDaddy.com(R), the world's largest domain name registrar, receives over 30 million communications to its e-mail customers daily. By implementing Sender ID, GoDaddy.com customers are receiving less spam and having fewer legitimate e-mails junked. Over 50,000 of GoDaddy.com's DNS customers are Sender ID-compliant today.

Complete copies of this study may be downloaded from http://www.microsoft.com/senderid .

Founded in 1975, Microsoft is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.

* As reported by MarkMonitor and Microsoft(R) DNS analysis completed April 15, 2007.

NOTE: Microsoft, Windows Live and Hotmail are trademarks of the Microsoft group of companies.

The names of actual companies and products mentioned herein may be the trademarks of their respective owners.

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk photodesk@prnewswire.com Microsoft Corp.

CONTACT: press only, Onsite during event (April 18-19), Carla Vicens of
Blast PR, +1-919-606-7386, carla@blastpr.com; After event, Andy Nordhoff,
+1-503-443-7000, anordhoff@waggeneredstrom.com, or Rapid Response Team,
+1-503-443-7070, rrt@waggeneredstrom.com, both of Waggener Edstrom Worldwide,
all for Microsoft

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

More Help for Businesses at Verizon's Small-Business Web Portal'Verizon Small Business Center' (http://business.verizon.net) is the Place for Business Owners to Find the Information, Solutions and Support They Need to Help Them Run Their Business Successfully

NEW YORK, April 18 /PRNewswire/ -- Verizon business broadband customers will now find more features and an easier-to-navigate Web site when they log onto the Verizon Small Business Center at http://business.verizon.net/. The updated Web site is a free resource for all small businesses with special content exclusively for Verizon's business broadband customers.

"A lot of small businesses count on our site," said Michael Schaefer, director of business broadband services for Verizon. "On average, we get over 600,000 unique visitors who visit the Web site to do such tasks as research, check their e-mail and look at news relevant to their industry."

Verizon's business broadband customers will see significant changes when they go to the account management section, where the best of the "My Account" tools are right up front so making changes is fast and easy. Common tasks include changing a password, adding a sub-account, setting up a "vacation" auto-reply, viewing a bill statement, or editing a personal Web space.

Additionally, Verizon has added several new payment options, including credit card billing and recurring bank account debiting.

Visitors to the site will also enjoy a new informative "Security" area, which answers a host of questions and provides solutions regarding viruses, hacking and other concerns. Other information enhancements include regional news and links to other useful business sites, all in one place for users' convenience. With the redesigned site, users will find more engaging pages and more streamlined navigation.

"The Verizon Small Business Center will go through more updates and changes on a regular basis so we always have relevant information for our business customers," said Schaefer.

For example, later this year, the company will add more content and options under the tabs of "Resources" and "Shop."

Verizon offers a broad range of products and services that allow businesses to customize the solutions they need to better compete in the marketplace, including innovations like e-mail encryption and the Verizon Broadband Toolbar for Businesses (http://business.verizon.net/toolbar).

For more information about Verizon's small business products visit http://www.verizon.com/business.

Verizon Communications Inc. , headquartered in New York, is a leader in delivering broadband and other wireline and wireless communication innovations to mass market, business, government and wholesale customers. Verizon Wireless operates America's most reliable wireless network, serving more than 59 million customers nationwide. Verizon's Wireline operations include Verizon Business, which operates one of the most expansive wholly owned global IP networks, and Verizon Telecom, which is deploying the nation's most advanced fiber-optic network to deliver the benefits of converged communications, information and entertainment services to customers. A Dow 30 company, Verizon has a diverse workforce of approximately 242,000 and last year generated consolidated operating revenues of more than $88 billion. For more information, visit http://www.verizon.com/.

Verizon Communications Inc.

CONTACT: Ellen Yu, +1-908-559-3496, ellen.yu@verizon.com, or Jim Smith,
+1-908-559-3477, james.albert.smith@verizon.com, both of Verizon
Communications Inc.

Web site: http://www.verizon.com/
http://business.verizon.net/
http://business.verizon.net/toolbar

Company News On-Call: http://www.prnewswire.com/comp/094251.html