LanOptics Announces Record 2007 First Quarter ResultsRevenues Totaling $3.9 Million, a 172% Increase Over First Quarter 2006

YOKNEAM, Israel, May 15 /PRNewswire-FirstCall/ -- LanOptics Ltd. , a provider of network processors, today announced results for the first quarter ended March 31, 2007.

Main Highlights: - Record revenues; increase of 172% over first quarter 2006 - NP-2 processor contributed over 60% of revenues - Substantial decline in net loss to $1.1 million - Non-GAAP net loss declined to $0.3 million

- First sampling of next generation NP-3 processor completed, started lab testing after end of first quarter

Total revenues in the first quarter of 2007 were $3.9 million, an increase of 15% compared to $3.4 million in the fourth quarter of 2006, and an increase of 172% compared to $1.4 million in the first quarter of 2006. All of LanOptics' revenues were attributable to its 78% owned EZchip Technologies Ltd. subsidiary.

Net loss for the first quarter of 2007 was $1.1 million, or $0.07 per share, compared to a net loss of $5.1 million, or $0.42 per share, in the fourth quarter of 2006, and a net loss of $2.7 million, or $0.24 per share, in the first quarter of 2006.

On a non-GAAP basis, net loss for the first quarter of 2007 was $0.3 million, or $0.02 per share, compared with a non-GAAP net loss of $0.8 million, or $0.06 per share, in the fourth quarter of 2006, and a non-GAAP net loss of $2.2 million, or $0.19 per share, in the first quarter of 2006.

Commencing with this earnings release, LanOptics is also providing information on a non-GAAP basis as management believes it is a better measure of the Company's actual performance and enables better comparison of the performance of the core business between periods on an on-going basis. Reconciliation of the non-GAAP measures to the most comparable GAAP measures are provided in the schedules attached to this release.

"This quarter was a significant quarter for LanOptics, both in terms of business development and financial performance," commented Eli Fruchter, Chairman of the Board of LanOptics and CEO of EZchip. "Two of the three leading tier-1 CESR vendors are building several of their strategic platforms based on EZchip's network processors. The first vendor that began production of several NP-2 based products in the third quarter last year, started production of several additional products this quarter, with more on the way. The second vendor received samples of a special version of our next generation NP-3 processor for testing. We are developing the NP-3 in two distinct versions, a special version jointly developed with Marvell specifically for this tier-1 customer and a second version intended for general availability and expected to sample later this year. All in all, we are extremely encouraged by EZchip's progress with our two major CESR customers."

Mr. Fruchter concluded, "We generated record revenues in the first quarter, showing substantial sequential growth with a continuing decline in our net loss. Our substantial revenue growth was primarily attributable to the strong ramp up in sales of EZchip's second-generation network processor, the NP-2, which we launched in July 2006, and contributed over 60% of the quarter's revenues. In terms of design wins, this was another strong quarter. During the quarter, EZchip added five new design wins for NP-2 and NP-3, while five prior design wins entered production. This brings our total design wins to date to a record 109, of which over 70 are for NP-2 and NP-3 and 32 are currently in production."

Use of Non-GAAP Financial Information

In addition to disclosing financial results calculated in accordance with United States generally accepted accounting principles (GAAP), this release of operating results also contains non-GAAP financial measures, which LanOptics believes are the principal indicators of the operating and financial performance of its business. The non-GAAP financial measures exclude the effects of stock-based compensation charges recorded in accordance with SFAS 123R, amortization of intangible assets, an in-process research and development charge and non-cash interest expense relating to redeemable preferred shares in EZchip. Management believes the non-GAAP financial measures provided are useful to investors' understanding and assessment of LanOptics' on-going core operations and prospects for the future, as the charges eliminated are not part of the day-to-day business or reflective of the core operational activities of the Company. Management uses these non-GAAP financial measures as a basis for strategic decisions, forecasting future results and evaluating the Company's current performance. However, such measures should not be considered in isolation or as substitutes for results prepared in accordance with GAAP. Reconciliation of the non-GAAP measures to the most comparable GAAP measures are provided in the schedules attached to this release.

Conference Call

The Company will be hosting a conference call later today, May 15, 2007 at 10:00am EDT, 07:00am PDT, 03:00pm UK time and 05:00pm Israel time. On the call, management will review and discuss the results, and will be available to answer investor questions. To participate, please call one of the following teleconferencing numbers below. Please begin placing your calls at least 10 minutes before the start of the conference call. If you are unable to connect using the toll-free numbers, please try the international dial-in number.

US Dial-in Number: +1-888-281-1167, Israel Dial-in Number: +972-(0)3-918-0610, UK Dial-in Number: +44(0)-800-917-5108 International Dial-in Number: +972-3-918-0610

The conference will be broadcast live on http://www.ezchip.com/. For those unable to listen to the live call, a replay of the call will be available the day after the call under the investor relations section of the website.

About LanOptics

LanOptics is focused on its majority-owned subsidiary, EZchip Technologies Ltd., a fabless semiconductor company providing high-speed network processors. EZchip's network processors provide the flexibility and integration that enable triple-play data, voice and video services in systems that make up the new Carrier Ethernet networks. Flexibility and integration make EZchip's solutions ideal for building systems for a wide range of applications in telecom networks, enterprise backbones and data centers.

For more information on LanOptics and EZchip, visit the web site at http://www.ezchip.com/.

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. Forward-looking statements are statements that are not historical facts and may include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future operations, products and services, and statements regarding future performance. These statements are only predictions based on LanOptics' current expectations and projections about future events. There are important factors that could cause LanOptics' actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statements. Those factors include, but are not limited to, the impact of competitive products, product demand and market acceptance risks, customer order cancellations, reliance on key strategic alliances, fluctuations in operating results, delays in development of highly-complex products and other factors indicated in LanOptics' filings with the Securities and Exchange Commission (SEC). For more details, refer to LanOptics' SEC filings and the amendments thereto, including its Annual Report on Form 20-F filed on March 30, 2007 and its Current Reports on Form 6-K. LanOptics undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in our expectations, except as may be required by law.

-- Financial Tables Follow -- LanOptics Ltd. Condensed Consolidated Statements of Operations (U.S. Dollars in thousands, except per share amounts) (Unaudited) Three Months Ended March 31, December 31, March 31, 2007 2006 2006 Revenues $ 3,905 $ 3,382 $ 1,435 Cost of revenues 1,668 1,422 634 Amortization of technology 498 103 86 Gross profit 1,739 1,857 715 Operating expenses: Research and development, net 1,697 2,032 2,260 In-process research and development charge -- 2,033 -- Selling, general and administrative 1,197 1,173 1,113 Total operating expenses 2,894 5,238 3,373 Operating loss (1,155) (3,381) (2,658) Financial and other income (expenses), net 28 (1,880) (81) Loss before minority interest (1,127) (5,261) (2,739) Minority interest in loss of EZchip 20 161 -- Net loss $ (1,107) $ (5,100) $ (2,739) Net loss per share $ (0.07) $ (0.42) $ (0.24) Weighted average number of shares used in per share calculation 15,709,081 12,043,240 11,633,952 LanOptics Ltd. Reconciliation of GAAP to Non-GAAP measures (U.S. Dollars in thousands, except per share amounts) (Unaudited) Three Months Ended March 31, 2007 GAAP Non-GAAP Revenues $ 3,905 $ 3,905 Cost of revenues 1,668 1,604 Amortization of technology 498 -- Gross profit 1,739 2,301 44.5% 58.9% Operating expenses: Research and development, net 1,697 1,588 In-process research and development charge -- -- Selling, general and administrative 1,197 1,110 Total operating expenses 2,894 2,698 Operating loss (1,155) (397) Financial and other income (expenses), net 28 89 Loss before minority interest (1,127) (308) Minority interest in loss of EZchip 20 20 Net loss $ (1,107) $ (288) Net loss per share $ (0.07) $ (0.02) Weighted average number of shares used in per share calculation 15,709,081 15,709,081 Non-GAAP net loss $ (288) Reconciliation items: Stock-based compensation (193) Amortization of intangible assets and discount on long-term loan (626) In-process research and development charge -- Accretion to redemption value of redeemable preferred shares in EZchip * GAAP net loss $ (1,107) LanOptics Ltd. Reconciliation of GAAP to Non-GAAP measures (U.S. Dollars in thousands, except per share amounts) (Unaudited) Three Months Ended December 31, 2006 GAAP Non-GAAP Revenues $ 3,382 $ 3,382 Cost of revenues 1,422 1,403 Amortization of technology 103 -- Gross profit 1,857 1,979 54.9% 58.5% Operating expenses: Research and development, net 2,032 1,927 In-process research and development charge 2,033 -- Selling, general and administrative 1,173 1,069 Total operating expenses 5,238 2,996 Operating loss (3,381) (1,017) Financial and other income (expenses), net (1,880) 85 Loss before minority interest (5,261) (932) Minority interest in loss of EZchip 161 161 Net loss $ (5,100) $ (771) Net loss per share $ (0.42) $ (0.06) Weighted average number of shares used in per share calculation 12,043,240 12,043,240 Non-GAAP net loss $ (771) Reconciliation items: Stock-based compensation (214) Amortization of intangible assets and discount on long- term loan (183) In-process research and development charge (2,033) Accretion to redemption value of redeemable preferred shares in EZchip * (1,899) GAAP net loss $ (5,100) LanOptics Ltd. Reconciliation of GAAP to Non-GAAP measures (U.S. Dollars in thousands, except per share amounts) (Unaudited) Three Months Ended March 31, 2006 GAAP Non-GAAP Revenues $ 1,435 $ 1,435 Cost of revenues 634 619 Amortization of technology 86 -- Gross profit 715 816 49.8% 56.9% Operating expenses: Research and development, net 2,260 2,158 In-process research and development charge -- -- Selling, general and administrative 1,113 1,068 Total operating expenses 3,373 3,226 Operating loss (2,658) (2,410) Financial and other income (expenses), net (81) 169 Loss before minority interest (2,739) (2,241) Minority interest in loss of EZchip -- -- Net loss $ (2,739) $ (2,241) Net loss per share $ (0.24) $ (0.19) Weighted average number of shares used in per share calculation 11,633,952 11,633,952 Non-GAAP net loss $ (2,241) Reconciliation items: Stock-based compensation (148) Amortization of intangible assets and discount on long-term loan (100) In-process research and development charge -- Accretion to redemption value of redeemable preferred shares in EZchip * (250) GAAP net loss $ (2,739) LanOptics Ltd. Condensed Consolidated Balance Sheet (U.S. Dollars in thousands) March 31, December 31, 2007 2006 (Unaudited) (Audited) ASSETS CURRENT ASSETS: Cash, cash equivalents and marketable securities $ 16,330 $ 17,658 Trade receivables, net 1,897 1,706 Other receivables 487 683 Inventories 4,633 3,489 Total current assets 23,347 23,536 LONG-TERM INVESTMENTS: Prepaid development and production costs, Net 233 290 Severance pay fund 2,028 1,951 Total long-term investments 2,261 2,241 PROPERTY & EQUIPMENT, NET 460 352 Goodwill 36,531 36,531 Intangible assets, net 3,127 3,633 TOTAL ASSETS $ 65,726 $ 66,293 LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Trade payables $ 864 $ 1,017 Other payables and accrued expenses 3,140 3,092 Total current liabilities 4,004 4,109 LONG TERM LIABILITIES: Accrued severance pay 2,662 2,464 Long-term loan 3,398 3,337 Total long-term liabilities 6,060 5,801 EMPLOYEE STOCK OPTIONS IN EZchip 751 557 PREFERRED SHARES IN EZchip 23,770 23,770 SHAREHOLDERS' EQUITY: Share capital 94 93 Additional paid-in capital 118,048 117,716 Accumulated other comprehensive loss (15) (19) Accumulated deficit (86,986) (85,734) Total shareholders' equity 31,141 32,056 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 65,726 $ 66,293 Contact: Ehud Helft / Ed Job CCGK Investor Relations info@gkir.com / ed.job@ccgir.com Tel: (US) +1-866-704-6710 / +1-646-213-1914

LanOptics Ltd.

CONTACT: Contact: Ehud Helft / Ed Job, CCGK Investor Relations,
info@gkir.com / d.job@ccgir.com, Tel: (US) +1-866-704-6710 / +1-646-213-1914

Valley Oak Systems Honored as 'Innovation All-Star'Governor's Commission for Jobs and Economic Growth Provides California Innovation Awards Honoring Top Businesses

SAN RAMON, Calif., May 15 /PRNewswire-FirstCall/ -- Valley Oak Systems, Inc., an Aon company , today announced it was honored as an "Innovation All-Star," representing the most innovative businesses in California. The company was selected based on several factors, including uniqueness of innovation, competitive advantages, and economic impact on jobs for California today and in the future.

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Valley Oak Systems (VOS) is the leader in claims management software, services, and support for the insurance industry, and acts as an independent subsidiary within Aon's eSolutions Group. Over the last five years, VOS has grown 493 percent, driven in large part by demand for its flagship product, iVOS(R), the "one-system" claims management solution that integrates core insurance processes, including medical bill review, policy underwriting, case management, billing, events management, and other related functions for multiple lines of insurance.

"We're honored to have been nominated by our clients and business partners," said Randy Wheeler, founder and chief executive officer of Valley Oak Systems. "This award is a tribute to our ongoing commitment to aggressively pursue technological innovation and to aggressively grow our company under our new Aon eSolutions leadership."

"We believe innovation and entrepreneurship are the drivers of economic growth in California," added Mark Mosher, Executive Director for the California Commission for Jobs and Economic Growth -- a nonprofit corporation whose members are chosen by the Governor to advise him on how to expand jobs and economic growth in the state. "These Innovation All-Stars are models for our state."

Managed by the California Space Authority (CSA), and administered through the California Labor & Workforce Development Agency (LWDA), the California Innovation Corridor is one of the state's initiatives to foster innovation and includes more than 60 partner organizations throughout 13 counties. It was Corridor partners that reviewed nearly 300 nominees before reducing the list to the 75 Innovation All-Stars.

About Aon

Aon Corporation (http://www.aon.com/) is a leading provider of risk management services, insurance and reinsurance brokerage, human capital and management consulting, and specialty insurance underwriting. There are 43,000 employees working in Aon's 500 offices in more than 120 countries. Backed by broad resources, industry knowledge and technical expertise, Aon professionals help a wide range of clients develop effective risk management and workforce productivity solutions.

About Valley Oak Systems, Inc.

Founded in 1994, Valley Oak Systems (http://www.valleyoak.com/) provides high quality software that enables its clients to achieve outstanding claims management performance. Due to its client-focused approach, Valley Oak Systems has established itself as an industry leader, and its iVOS claims system has been recognized for its business impact with the 2006 IASA Technology Achievement Award.

Contact: Cynthia Chow Valley Oak Systems 925-242-4600 cchow@valleyoak.com

This press release contains certain statements related to future results, or states our intentions, beliefs and expectations or predictions for the future which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from either historical or anticipated results depending on a variety of factors. Potential factors that could impact results include: general economic conditions in different countries in which we do business around the world, changes in global equity and fixed income markets that could affect the return on invested assets, fluctuations in exchange and interest rates that could influence revenue and expense, rating agency actions that could affect our ability to borrow funds, funding of our various pension plans, changes in the competitive environment, our ability to implement restructuring initiatives and other initiatives intended to yield cost savings, our ability to execute the stock repurchase program, potential regulatory or legislative changes that would affect our ability to sell, and be reimbursed at current levels for, our Sterling subsidiary's Medicare health product, changes in commercial property and casualty markets and commercial premium rates that could impact revenues, changes in revenues and earnings due to the elimination of contingent commissions, other uncertainties surrounding a new compensation model, the impact of investigations brought by state attorneys general, state insurance regulators, federal prosecutors, and federal regulators, the impact of class actions and individual lawsuits including client class actions, securities class actions, derivative actions, ERISA class actions, the impact of the analysis of practices relating to stock options, the cost of resolution of other contingent liabilities and loss contingencies, and the difference in ultimate paid claims in our underwriting companies from actuarial estimates. Further information concerning the Company and its business, including factors that potentially could materially affect the Company's financial results, is contained in the Company's filings with the Securities and Exchange Commission.

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CONTACT: Cynthia Chow of Valley Oak Systems, +1-925-242-4600,
cchow@valleyoak.com

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

Abercrombie & Fitch Selects Oracle(R) Retail Suite to Enable Business Growth and Support Continued Industry LeadershipWorld-Class Retailer Finds Long-Term, Strategic Partner in #1 Retail Software Company

REDWOOD SHORES, Calif., May 15 /PRNewswire-FirstCall/ -- Abercrombie & Fitch has entered into a strategic partnership with Oracle(R) Retail to create a multi-year deployment plan to enable its strategy for long-term business growth and continued retail leadership, Oracle announced today. As part of the agreement, Abercrombie & Fitch has purchased Oracle Retail's best-in-class merchandising, planning, supply chain and stores solutions while also licensing Oracle technology and back office capabilities.

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The retailer's historical approach to information systems relied heavily on legacy systems with the selective deployment of best-of-breed point solutions to address specific needs. Abercrombie & Fitch's executive leadership recognized that in order to sustain and build on the company's market leadership an enterprise approach to its retail systems was required.

"We see a tremendous opportunity to use innovative technology for unlocking value from within our business to better manage growth and enhance overall business performance," said Michael Kramer, Chief Financial Officer at Abercrombie & Fitch. "Oracle Retail's partnership and solutions will help improve our operational capabilities and allow us to maintain our commitment to fashion and providing customers with a world-class shopping experience in our stores."

Abercrombie & Fitch's first objective with the partnership is to improve access to its foundational data to enable more efficient core merchandising capabilities across the business. From there, additional functionality will be layered in the supply chain and in its more than 900 stores.

"We challenged Oracle Retail to provide us with solutions and technology across our entire retail footprint within an integrated framework," said Kristen Blum, CIO at Abercrombie & Fitch. "In the end, there was no one else in the market close to delivering the broad range of solutions that Oracle could for our business. They made it an easy decision for us to partner with them."

"Our strategic partnership with Abercrombie & Fitch marks a significant milestone for Oracle Retail and sends a strong message that we have a winning strategy for delivering measurable business value to retailers," said Duncan Angove, Senior Vice President and General Manager, Oracle Retail. "We have clearly seized momentum and are well-positioned to pull even further ahead of the competition as we continue to build on our #1 position in retail."

About Oracle Retail

Oracle is the number one provider of innovative and comprehensive industry software solutions for retailers -- enabling organizations to serve their customers better by applying insight into daily business decisions for more profitable results. With software that provides supply chain, operations, merchandising, store systems, optimization and information technology solutions, Oracle partners with the world's leading retail companies, including 17 of the top 20 retailers worldwide, to transform the economics of their businesses.

About Oracle

Oracle is the world's largest enterprise software company. For more information about Oracle, visit our Web site at http://www.oracle.com/.

Trademarks

Oracle is a registered trademark of Oracle Corporation and/or its affiliates. Other names may be trademarks of their respective owners.

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CONTACT: Kevin Ruane of Oracle, +1-617-621-5593, kevin.ruane@oracle.com;
or Mary Ellen Amodeo of Amodeo Associates, +1-612-963-5797,
mamodeo@amodeoassociates.com, for Oracle Corporation

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

Yahoo! Appoints Blake Jorgensen as Chief Financial OfficerThomas Weisel Co-Founder Brings Strong Track Record as Business-Builder and Broad Financial, Operating and Strategic Expertise to Yahoo!'s Executive Team

SUNNYVALE, Calif., May 15 /PRNewswire-FirstCall/ -- Yahoo! Inc. , a leading global Internet company, today announced that the Board of Directors has appointed Blake Jorgensen, the co-founder of Thomas Weisel Partners, as chief financial officer. Jorgensen will commence employment with the Company on or about June 4, 2007. Jorgensen will replace Susan Decker, who has moved into a new role as head of the advertiser and publisher group. Jorgensen will be a key member of Yahoo!'s executive team, overseeing the company's finance, investor relations and mergers and acquisitions (M&A) groups. He will report directly to Yahoo!'s Chairman and Chief Executive Officer, Terry Semel.

"Blake has a strong track record of building and running a successful investment banking franchise serving many clients in the Internet and technology industries. His broad financial, operating and strategic experience, which complements the deep financial expertise of our existing team, will make him a valuable addition to Yahoo!'s senior management," said Semel. "Blake will help Yahoo! continue to execute against our growth plan and identify emerging opportunities, as well as maintain our tradition of financial excellence and fiscal discipline."

Prior to his Yahoo! appointment, Jorgensen was with Thomas Weisel Partners, which he co-founded in 1998 and where he served as chief operating officer, co-director of investment banking and a member of the Executive Committee. In these roles, he was instrumental in managing all aspects of the publicly traded investment bank, working in close partnership with the CEO, members of the Executive Committee and the Board of Directors. Jorgensen also managed the firm's relationships with key investors and managed several strategic alliances with international partners.

Prior to joining Thomas Weisel Partners, Jorgensen was a managing director and principal at the corporate finance department of Montgomery Securities. Earlier in his career, he also worked as an independent management consultant and held roles at MAC Group/Gemini Consulting and Marakon Associates.

Jorgensen holds a Bachelor of Arts from Stanford University with a major in Economics, and a Masters of Business Administration from Harvard Business School.

"I couldn't be happier to be joining Yahoo! to help it achieve a new level of success as an Internet leader. And I'm excited about joining a finance team that, collectively, has such deep functional experience," said Jorgensen. "I believe Yahoo! is well positioned to deliver value to shareholders -- with unique audience, advertising and technology assets and a strong financial base -- and the company is pursuing the right strategy to achieve its great potential. Yahoo! has made significant strides in recent months and I am looking forward to working closely with Terry and the rest of Yahoo!'s impressive management team to continue the company's progress as it aggressively executes against its growth strategy."

Decker assumed her new role as part of the company's reorganization in December 2006. That reorganization was designed to align Yahoo!'s operations with the company's key customer segments -- audiences, advertisers and publishers -- and more effectively leverage Yahoo!'s significant strengths to capture future opportunities for growth.

"Blake's arrival will enable Sue to devote her full attention to her new responsibilities where she is building on the recent momentum we've achieved with Panama, major new partnerships and our agreement to acquire Right Media. With Blake's appointment, we're continuing to put the right people in the right places to execute against our strategy and adding outside talent to complement an already strong management team," added Semel.

About Yahoo!

Yahoo! Inc. is a leading global internet brand and one of the most trafficked Internet destinations worldwide. Yahoo!'s mission is to connect people to their passions, their communities and world's knowledge. Yahoo! is headquartered in Sunnyvale, California.

Yahoo! and the Yahoo! logo are trademarks and/or registered trademarks of Yahoo! Inc. All other names are trademarks and/or registered trademarks of their respective owners.

Yahoo! Inc.

CONTACT: media, Kelly Delaney, +1-408-349-2579, kellyd@yahoo-inc.com;
investors, Cathy La Rocca, +1-408-349-5188, cathy@yahoo-inc.com, both of
Yahoo! Inc.

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

Nevada Department of Corrections Selects Blue Coat to Optimize WAN for New Inmate Tracking SystemBlue Coat SG Appliances Combine WAN Optimization with Web Security to Make Critical Application Accessible at Remote Locations While Reducing Bandwidth Costs

SUNNYVALE, Calif., May 15 /PRNewswire-FirstCall/ -- Blue Coat Systems, Inc. , the leader in secure content and application delivery, today announced that the Nevada Department of Corrections (NDOC), the state's largest agency, has selected Blue Coat(R) SG(TM) appliances to optimize its Wide Area Network (WAN) by securing and accelerating its primary application, the Nevada Offender Tracking Information System (NOTIS), between its 20 prison facilities statewide. Without the use of Blue Coat appliances, this application would not work in many of the Department's remote locations.

Over 3,000 Nevada state employees rely on the department's critical NOTIS application, which manages everything from inmate sentences and facilities occupancy to information about potential threats to inmates among the prison population, such as opposing gang members who could pose a lethal menace to them. NDOC selected Blue Coat appliances to make NOTIS available to all of its locations across the state, even in the most remote areas. The solution also reduces bandwidth usage and enables Web security and policy control.

"Blue Coat is enabling us to deploy a new application that is critical to our effective operations," says Dan O'Barr, systems administrator, Nevada Department of Corrections. "It's important that the application has a fast enough response time to make its use interactive, even to our most remote locations."

Prior to deploying Blue Coat appliances, it took as long as 50 seconds for NOTIS screens to update at remote locations, rendering it unusable for many of the agency's facilities. Using Blue Coat SG appliances, pages now typically load in about five seconds, even over a satellite WAN link with limited bandwidth, an increase in responsiveness of 625 percent. Now the critical NOTIS application is now both functional and accessible to all of its prison facilities, many of which are separated by significant distances.

Another objective for NDOC is to reduce operational costs through decreasing the amount of bandwidth consumption. NDOC's Internet traffic has traditionally been backhauled over the WAN and then secured and filtered by central proxy servers at the data center. With Blue Coat appliances, NDOC can provide direct Internet access because external traffic can be secured and controlled directly at each branch office. This way, the Department can avoid "paying twice" for backhauled Internet traffic while still maintaining security and control.

Web security is an important issue for NDOC. Employee Internet access for web browsing or email is tightly controlled due to the sensitive nature of the information the agency's staff handles. The security and control features of the Blue Coat SG appliances help NDOC achieve its objective of protecting its resources and confidential information.

Currently SG appliances have been deployed at six of NDOC's twenty locations, some of which are in the most remote locations in the continental United States. Other locations should be deployed shortly. NDOC also plans to explore using Blue Coat SG appliances to enable streaming video and audio broadcasts over the WAN throughout the state, accelerate SSL-encrypted traffic that passes through state WAN links, and possibly encrypt certain links that are currently not encrypted.

"Blue Coat has enabled the Nevada Department of Corrections to implement its vision of a centralized system that provides real-time inmate information to all of its facilities, even at its most remote locations," said Chris King, director of strategic marketing, Blue Coat Systems, Inc. "The same Blue Coat SG appliances provide a platform for acceleration, security, and control for the Department while lowering operating expenses by using less bandwidth."

About Blue Coat Systems, Inc.

Blue Coat secures Web communications and accelerates business applications across the distributed enterprise. Blue Coat's family of appliances and client-based solutions -- deployed in branch offices, Internet gateways, end points, and data centers -- provide intelligent points of policy-based control enabling IT organizations to optimize security and accelerate performance between users and applications. Blue Coat has installed more than 30,000 appliances worldwide and is ranked #1 by IDC in the Secure Content and Application Delivery market. Blue Coat is headquartered in Sunnyvale, California, and can be reached at (408) 220-2200 or http://www.bluecoat.com/.

FORWARD LOOKING STATEMENTS: The statements contained in this press release that are not purely historical are forward-looking statements, including statements regarding Blue Coat Systems' expectations, beliefs, intentions or strategies regarding the future, and including statements regarding the capabilities and expected performance of Blue Coat Systems' products. All forward-looking statements included in this press release are based upon information available to Blue Coat Systems as of the date hereof, and Blue Coat Systems assumes no obligation to update any such forward-looking statements. Forward-looking statements involve risks and uncertainties, which could cause actual results to differ materially from those projected. These and other risks relating to Blue Coat Systems' business are set forth in Blue Coat Systems' most recently filed Form 10-Q for the quarter ended January 31, 2007 and Form 10-K for the year ended April 30, 2006, and other reports filed from time to time with the Securities and Exchange Commission.

NOTE: Blue Coat and other applicable product names are trademarks or registered trademarks of Blue Coat Systems, Inc. in the United States and other countries. All other trademarks, trade names or service marks used or mentioned herein belong to their respective owners.

Blue Coat Systems, Inc.

CONTACT: Media, Steve Schick of Blue Coat Systems, +1-408-220-2318,
steve.schick@bluecoat.com; or Kevin Kosh of CHEN PR, +1-781-672-3111,
kkosh@chenpr.com, for Blue Coat Systems; or Investors, Carla Chun of Blue Coat
Systems, carla.chun@bluecoat.com

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

Imation Designs Optical Media Compliant with Trade Agreements ActStorage leader launches Government Series CD and DVD media at GSA Expo; Full line of data storage products also on display

ORLANDO, Fla., May 15 /PRNewswire-FirstCall/ -- GSA EXPO -- Imation Corp , a worldwide leader in removable data storage media, today announced the availability of optical media designed to comply with the Trade Agreements Act (TAA). Imation Government Series Optical Media features CD-R, CD-RW, DVD-R and DVD+R discs uniquely packaged so dealers and resellers know TAA compliance is guaranteed when offering these products to their federal agency buyers using their GSA Federal Supply Schedule.

(Photo: http://www.newscom.com/cgi-bin/prnh/20070515/AQTU072-a) (Photo: http://www.newscom.com/cgi-bin/prnh/20070515/AQTU072-b)

GSA contract holders, like Imation and many of its dealers and resellers, must include only TAA compliant products on their schedule -- products that have been manufactured or substantially transformed in countries that comply with U.S. Federal Trade Agreements. Suppliers who sell products on their schedule that are not TAA-compliant can face substantial fines. Imation developed this unique offering to help make contract management easier for its dealers and resellers. As a result, dealers can guarantee compliance with the products they represent, and buyers are assured that contract regulations are met.

"With so many optical product choices available on the market today, we now can rely on Imation's Government Series CD and DVD products to ensure the optical portfolio we provide on GSA contract meets TAA requirements," said Steve Nuelle, president, ABM Federal. "With Imation's long-standing support for the government channel, including its dedicated sales team, products, service and support, we can be confident when recommending Imation Government Series Optical Media to our government customers."

"From a long history of working with the U.S. government, we understand these agencies' data storage needs," said Kevin Ciresi, public sector manager, Imation Corp. "We're committed to providing our partners with the latest technology they need to sell to the government channel. We designed Imation Government Series Optical Media so that they can act with assurance that the media they supply for government contracts is indeed TAA compliant."

In addition to its Government Series Optical Media, which is manufactured in the United States and Hong Kong, Imation offers additional removable media products on its GSA schedule. These include TAA compliant magnetic tape storage products, diskettes and select flash drives.

Imation's TAA-compliant optical media will be available through authorized Imation distributors beginning this month in several formats and configurations for market-competitive prices. Imation Government Series CD-R and CD-RW discs will be available in a 10-pack with slim jewel cases, and 25-, 50- and 100-pack spindles. Imation Government Series DVD+R and DVD-R discs will be available in 25- and 50-pack spindles.

Imation will showcase its full line of data storage products at the GSA Expo, May 16-17, in booth 911 at the Orange County Convention Center in Orlando, Fla. Products on display include:

-- The Imation DataGuard(TM) Transport and Storage Case, the first "terabyte-class" transport and storage case specifically designed to protect a company's high-capacity data storage tapes during transportation. -- A full line of USB flash drives, including the Imation Pivot Flash Drive with 256-bit AES Encryption for added security of critical data. -- A complete line of mid-range and data center tapes designed for secure backup and archiving. About Imation Corp

Imation Corp is the only company in the world solely focused on the development, manufacture and supply of removable data storage products spanning the four pillars of magnetic, optical, flash and removable hard disk storage. With more than 50 years of data storage leadership beginning with the development of the world's first computer tape, in 2006 Imation proudly marked its tenth anniversary as an independent company. In addition to the Imation brand, Imation Corp's global brand portfolio includes the Memorex brand, one of the most widely recognized names in the consumer electronics industry, famous for the slogan, "Is it live or is it Memorex?(TM)" Additional information about Imation is available at http://www.imation.com/ or by calling 1-888-466-3456.

Imation, the Imation logo, DataGuard rf, DataGuard, Memorex, the Memorex logo, AquaGuard and 'Is it live or is it Memorex?' are trademarks of Imation Corp and its subsidiaries. All other trademarks are property of their respective owners.

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20070515/AQTU072-a
http://www.newscom.com/cgi-bin/prnh/20070515/AQTU072-b
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Imation Corp

CONTACT: Mary Rawlings-Taylor of Imation Corp, +1-651-704-6796,
mjrawlings-taylor@imation.com; or Jamie Ernst of Brodeur, +1-210-495-5757,
jernst@brodeur.com, for Imation Corp

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

RightNow Delivers Enterprise-Class Integration Capabilities With RightNow ConnectLatest Version of CRM Solution Also Includes Global Capabilities With Support for 21 Languages and Dialects

BOZEMAN, Mont., May 15 /PRNewswire-FirstCall/ -- RightNow(R) Technologies today announced the availability of RightNow 8.1, the company's enterprise-class, on demand solution for customer service, sales, marketing and feedback. RightNow 8.1 includes RightNow Connect, a standards-based service oriented architecture (SOA) integration framework that helps companies connect their customer relationship management (CRM) solution with other systems in the organization. The new version of RightNow's CRM solution also includes support for 21 languages and dialects.

An exceptional customer experience can be the single most powerful way for companies to set themselves apart from competitors. To provide consistently excellent experiences, companies need to deliver relevant knowledge to their customers and to frontline employees, regardless of where that information may reside. With RightNow Connect, companies can get a complete view of customer activities from across every system and channel throughout their organizations.

"Large enterprises have customer data stored in multiple systems," said David Vap, vice president of products at RightNow. "With our standards-based approach to integration, RightNow Connect will help our clients leverage disparate data to provide customers with timely, personal and consistently high quality service, while minimizing the cost of integration. With RightNow Connect we also have a new online development community that will facilitate conversation, technical exchange and brainstorming between RightNow, partners and customers."

RightNow Connect can perform several types of integrations within the enterprise, including:

* Data integration -- moves data between RightNow and other computing platforms and databases, such as DB2, Oracle, SQL Server and legacy systems * Business process integration -- connects RightNow data or functionality with business process management systems such as WebMethods, WebLogic and WebSphere Business Integrator * Desktop integration -- combines the RightNow desktop with other desktop applications such as Microsoft Office * Packaged application integration -- connects RightNow to other packaged applications such as SAP, Siebel, JDE, and PeopleSoft * Communications integration -- provides seamless connectivity for RightNow applications to common call center technologies like the Genesys Customer Interaction Management Platform Genesys and Informatica Support RightNow Connect

RightNow has several partnerships that support the integration capabilities found in RightNow Connect. For example, RightNow Connect includes a pre-built adapter for Genesys 7.5, a market leading customer interaction management system. With this integration, when a customer engaged in a self-service session on the phone opts for agent assistance, the system automatically selects the best agent and provides that agent with the customer's history and context of his or her self-service session to maximize cross- and up-sell opportunities while delivering great customer service.

To enable enterprise wide data and packaged application integration, RightNow teamed with Informatica. To provide outstanding customer experiences, frontline employees often need information-such as the status of a shipment or a customer's recent transaction history -- that typically resides in multiple, disparate systems. Informatica makes it easier to integrate RightNow with ERP systems, data warehouses, analytics applications, and other IT resources that provide information to enhance the customer experience.

Global Reach with 21 Languages and Dialects

In support of RightNow's many multi-national clients, RightNow 8.1 allows enterprises to localize their CRM implementation with 21 languages and dialects including Chinese (simplified, traditional Cantonese and traditional Mandarin), Czech, Danish, Dutch, English (American, European and Australian), Finnish, French (European and Canadian), German, Italian, Japanese, Korean, Norwegian, Polish, Brazilian Portuguese, Spanish, and Swedish.

For more information about RightNow Connect go to: http://www.rightnow.com/products/enterprise-integration.html

About RightNow Technologies

RightNow delivers the high-impact technology solutions and services organizations need to cost-efficiently deliver a consistently superior customer experience across their frontline service, sales and marketing touch-points. Approximately 1,800 corporations and government agencies worldwide depend on RightNow to achieve their strategic objectives and better meet the needs of those they serve. RightNow is headquartered in Bozeman, Montana. For more information, please visit http://www.rightnow.com/.

RightNow is a registered trademark of RightNow Technologies, Inc. NASDAQ is a registered trademark of the NASDAQ Stock Market.

Note: Informatica is a trademark of Informatica Corporation in the United States and in jurisdictions throughout the world. All other company and product names may be trade names or trademarks of their respective owners.

This press release may contain forward-looking statements. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause our actual results to differ materially and adversely from those expressed in any forward-looking statement. The risks and uncertainties referred to above include, but are not limited to, risks associated with our business model, including recent changes we made to our model; our ability to develop or acquire, and gain market acceptance for new products in a cost-effective and timely manner; the market success of our recently released RightNow 8 product; the gain or loss of key customers; competitive pressures; our ability to expand operations; fluctuations in our earnings as a result of the impact of stock-based compensation expense;; interruptions or delays in our hosting operations; breaches of our security measures; our ability to protect our intellectual property from infringement, and to avoid infringing on the intellectual property rights of third parties; and our ability to expand, retain and motivate our employees and manage our growth. Further information on potential factors that could affect our financial results is included in our Annual Report on Form 10-K, quarterly reports of Form 10-Q, and in other filings with the Securities and Exchange Commission. The forward-looking statements in this release speak only as of the date they are made. We undertake no obligation to revise or update publicly any forward-looking statement for any reason.

RightNow Technologies

CONTACT: Katie O'Connell of RightNow Technologies, +1-925-674-1487, or
cell, +1-510-304-3707, koconnell@rightnow.com

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

Mobius Celebrates Customer Achievement at Annual European Users ConferenceAnnual awards ceremony honors customers whose deployments of Mobius technology drive significant value for their organizations

LONDON, May 15 /PRNewswire-FirstCall/ -- Mobius Management Systems, Inc. , a leading provider of integrated solutions for enterprise archiving and records management, today announced the winners of the 2007 Mobius Customer Achievement Awards for its European customers. The awards were presented at the 3rd annual Mobius Users Group (MUG) conference for customers in Europe, the Middle East and Africa (EMEA), held this year in London, UK. Reinforcing the conference theme, "Celebrating the Silver, Going for the Gold", award recipients were recognized in seven categories based upon demonstrated innovative, beneficial and strategic use of Mobius technology in their organizations. The winners were chosen from a wide selection of Mobius implementations that drive revenue, improve customer service, enable regulatory compliance, and reduce the costs of doing business.

"As we round off the celebrations of Mobius's 25th anniversary, this year's customer awards have special meaning," said Tulin Pledger, director of EMEA marketing at Mobius. "For the past 25 years, the Mobius solution suite has been helping organizations deal with the rising tide of digital information that may be scattered across the globe in disparate repositories. This capability is now more important than ever for our customers as they grapple with the mounting costs and risks associated with legal and regulatory compliance, increasing customer demands for information availability, and the business need to proactively manage and leverage all electronic assets across the enterprise. It's been a privilege to recognise this year's award winners, who are realising the potential of their investments in Mobius products and people."

The following EMEA-based organisations were recognised with Mobius Customer Achievement Awards for 2007:

Heinz, with a portfolio of leading food brands, won the award for the highest return on investment. By automating its SAP accounts payable process using Mobius's ViewDirect and capture technology from Mobius partner DICOM, Heinz has minimised both invoice processing costs and error rates.

Vattenfall AB, the leading Nordic utility provider, was recognized for the best application for lowering cost of doing business. Using Mobius software to deliver customer billing information over the Internet, Vattenfall has dramatically cut paper, postage and distribution costs.

Postbank, Germany's third largest retail bank, was honored with the award for most innovative use of technology, based on an implementation of Mobius's Total Content Integrator (TCI) to access information from multiple repositories, including a home grown archive, SAP, and a legacy archive system. The bank is also archiving transaction banking and payment information for three other German banks.

Commerzbank, another leading German bank, currently gives its 750,000 private customers Internet access to account information. Customers can download their bank account statements and print them locally, saving the bank 67,000 euros in paper costs in the last 3 months alone. Commerzbank won the award for best application for improving customer service.

e-utile, Italy's leading gas and electricity supplier and winner of the award for best compliance application, achieved compliance with Italian conservation laws using Mobius archiving together with a digital signature certified solution. e-utile currently archives up to 50,000 bills per day.

BNP Paribas, a leading international financial institution, was recognised for best strategic direction. Having used Mobius technology for archiving large reports produced by mainframe applications and distributing them across the enterprise, BNP Paribas is now rolling out the solution within the entire Group.

Mobius's French reseller, Avitis, was honoured as partner of the year. Enthusiasm, initiative and drive to grow the business have been instrumental in helping Avitis add a number of new accounts to the Mobius customer base.

The Mobius Users Group conference is an annual forum for users of Mobius software to convene and understand how to get the most out of their investments in Mobius by learning about new techniques, exploring innovative applications of the technology, gaining first-hand knowledge of cutting-edge new product releases and openly exchanging ideas with other Mobius customers and partners. The conference is held each year in the United States and Europe. Next year's conferences will be held in Orlando and Barcelona.

About Mobius

Mobius Management Systems, Inc. (http://www.mobius.com/) is a leading provider of integrated solutions for enterprise archiving and records management. The company's comprehensive software suite integrates content across disparate repositories, supports regulatory compliance, and provides content-enabled applications that automate business processes. Mobius solutions have achieved industry-wide recognition for breadth of functionality, breadth of supported formats, and high-volume, high-demand performance. The Mobius customer base is made up of leading companies across all industries, including more than sixty percent of the Fortune 100. The company, founded in 1981, is headquartered in Rye, New York, with sales offices in the U.S., Canada, the United Kingdom, France, Germany, Italy, Sweden, the Netherlands, Switzerland, Australia and Japan, as well as a network of agents in Central and South America, Europe, Middle East, Africa and Asia.

Statements contained in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties. In particular, any statements contained herein regarding expectations with respect to future sales and profitability, as well as product development and/or introductions, are subject to known and unknown risks, uncertainties and contingencies, many of which are beyond the company's control, which may cause actual results, performance or achievements to differ materially from those projected or implied in such forward-looking statements. Important factors that might affect actual results, performance or achievements include, among other things, market acceptance of Mobius's products, ability to manage expenses, fluctuations in period to period results, seasonality, uncertainty of future operating results, compliance with the Sarbanes-Oxley Act, long and unpredictable sales cycles, technological change, extended payment risk, product concentration, competition, international sales and operations, expansion of indirect channels, increased investment in professional services, protection of intellectual property, dependence on licensed technology, risk of product defects, product liability, management of growth, dependence on executive management, other key employees and subcontractors, concerns about transaction security on the Internet, changes in accounting for employee stock options, general conditions in the economy and the impact of recently enacted or proposed regulations. These risks and uncertainties are described in detail from time to time in Mobius's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K, filed on September 11, 2006, and its Quarterly Reports on Form 10-Q. Mobius accepts no obligation to update these forward-looking statements and does not intend to do so.

ViewDirect is a registered trademark of Mobius Management Systems, Inc. All other trademarks are property of their respective owners.

Mobius Management Systems, Inc.

CONTACT: Tulin Pledger of Mobius Management Systems,
+44 (0) 1784 484 710, tpledger@mobius.com; or Hannah Smith, Media Relations,
of Ruder-Finn, +44 207 462 8949, hsmith@ruderfinn.co.uk, for Mobius Management
Systems

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

Reminder - St. Bernard to Announce First Quarter Financial Results on May 15, 2007

SAN DIEGO, May 15 /PRNewswire-FirstCall/ -- St. Bernard Software, Inc. (BULLETIN BOARD: SBSW) , a global provider of security and hosted office solutions for small and midsize businesses (SMBs), will report financial results for the first quarter ended March 31, 2007 after the close of market on Tuesday, May 15, 2007. The company will host a conference call and Webcast that afternoon at 2:00pm PT.

What: St. Bernard's First Quarter 2007 Financial Results Conference Call When: Tuesday, May 15th at 2:00pm PT (5:00 pm ET) Dial In Number: 800-218-0204 (US and Canada) 303-262-2137 (International) Company name, 'St. Bernard' Webcast: To listen to the live Webcast, use the following link: http://www.videonewswire.com/event.asp?id=39138 Or, log onto http://www.stbernard.com/ under the Investor Relations section. Web Replay: 30 days Call Replay: A replay of the conference call will be available at http://www.stbernard.com/ in the Investor Relations area of the site starting two hours after the call through Tuesday, May 22, 2007 at 11:59 pm PT Replay Number: 800-405-2236 or 303-590-3000 (International) and enter the pass code: 11088442#

For the conference call, please dial-in five minutes in advance to ensure a proper connection. Questions and answers will be taken only from participants on the line. For the Webcast, please allow 15 minutes to register, download and install any necessary software.

About St. Bernard

St. Bernard Software, Inc. (BULLETIN BOARD: SBSW) is a global provider of comprehensive security and hosted office solutions for small and midsize businesses (SMBs). St. Bernard also provides the SMB market with a broad range of flexible and integrated hosted solutions, including secure content management, messaging continuity and collaboration.

The company's award-winning products deliver innovative security solutions that offer the best combination of ease-of-use, performance and value. Established in 1995 with headquarters in San Diego, CA and international offices in the United Kingdom, Australia and the Netherlands, St. Bernard sells and supports its products directly and through solution partners worldwide. For more information, please visit http://www.stbernard.com/.

(C)2007 St. Bernard Software Inc. All rights reserved. The St. Bernard Software logo, LivePrism, iPrism and Open File Manager are trademarks of St. Bernard Software Inc. All other trademarks and registered trademarks are hereby acknowledged.

This press release may contain forward-looking statements that involve risks and uncertainties, as well as assumptions that, if they prove incorrect, could cause our results to differ materially from those expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including, among other things, any projections of earnings, revenues (including where the underlying contract has already been signed), or other financial items; any statements of the plans, strategies, and objectives of management for future operations; any statements concerning proposed new products, services, or developments; any statements regarding future economic conditions or performance; statements of belief and any statement of assumptions underlying any of the foregoing. The risks, uncertainties and assumptions referred to above include, among other things, performance of contracts by customers and partners; employee management issues; the timely development, production and acceptance of products and services and their feature sets; the challenge of managing asset levels, including inventory; the flow of products into third-party distribution channels; and the difficulty of keeping expense growth at modest levels while increasing revenues. Announcements of contract awards should not be interpreted as reflecting revenue in any particular period and may relate to revenue recorded in prior periods. These and other risks and factors that could cause events or our results to differ from those expressed or implied by such forward-looking statements are described in our most recent annual report on Form 10-K and quarterly reports on Form 10-Q, as well as other subsequent filings with the Securities and Exchange Commission. We assume no obligation and do not intend to update these forward-looking statements.

St. Bernard Software, Inc.

CONTACT: Al Riedler of St. Bernard Software, Inc., +1-858-524-2050; or
Marie Dagresto or Todd Kehrli, both of MKR Group, Inc., +1-323-468-2300,
sbsw@mkr-group.com, for St. Bernard Software, Inc.

Web site: http://www.videonewswire.com/event.asp?id=39138

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

Reminder - Pro-Dex, Inc. Announces Fiscal 2007 Third Quarter Financial Results Conference Call and Webcast

SANTA ANA, Calif., May 15 /PRNewswire-FirstCall/ -- PRO-DEX, INC. invites shareholders and investors to listen to a broadcast review of the Company's fiscal 2007 third quarter financial results, and a discussion of the outlook for the third quarter.

The call is scheduled to be broadcast live over the Internet on Tuesday, May 15, 2007 at 4:30 p.m. Eastern Time and may be accessed by visiting the Company's website at http://www.pro-dex.com/. Mark Murphy, Chief Executive Officer and Jeff Ritchey, Chief Financial Officer, plan to host the call. If you would like to join the call, dial (866) 323-3543 U.S. and (706) 679-0672 International, conference I.D. 4620329. You may identify the call as the Pro-Dex Third Quarter Earnings Call.

An online archive of the broadcast will be available within one hour of the completion of the call and will be accessible on the Company's website for 30 days. Additionally, a telephone replay will be available 2 hours after the call for 48 hours by dialing (800) 642-1687 U.S. or (706) 645-9291 for international callers, conference ID number 4620329.

Pro-Dex Inc., with operations in Santa Ana, California, Beaverton, Oregon and Carson City Nevada, specializes in bringing speed to market in the development and manufacture of technology-based solutions that incorporate embedded motion control, miniature rotary drive systems and fractional horsepower DC motors, serving the medical, dental, semi-conductor, scientific research and aerospace markets. Pro-Dex's products are found in hospitals, dental offices, medical engineering labs, scientific research facilities and high tech manufacturing operations around the world.

For more information, visit the Company's website at http://www.pro-dex.com/.

Statements herein concerning the Company's plans, growth and strategies may include 'forward-looking statements' within the context of the federal securities laws. Statements regarding the Company's future events, developments and future performance, as well as management's expectations, beliefs, plans, estimates or projections relating to the future, are forward- looking statements within the meaning of these laws. The Company's actual results may differ materially from those suggested as a result of various factors. Interested parties should refer to the disclosure concerning the operational and business concerns of the Company set forth in the Company's filings with the Securities and Exchange Commission.

Pro-Dex, Inc.

CONTACT: Mark Murphy, Chief Executive Officer of Pro-Dex, Inc.,
+1-714-241-4411; or Brett Maas, Investor Relations, of Hayden Communications,
Inc., +1-646-536-7331, for Pro-Dex, Inc.

Web site: http://www.pro-dex.com/

Channell Announces 2007 First Quarter Results

TEMECULA, Calif., May 15 /PRNewswire-FirstCall/ -- Channell Commercial Corporation , a designer and manufacturer of telecommunications equipment supplied to operators of communications networks worldwide and water harvesting solutions distributed in markets throughout Australia, today announced financial results for the three months ended March 31, 2007.

Highlights * GAAP EPS of $0.01 versus guidance of ($0.02) to break-even; non-GAAP EPS of $0.02, which excludes stock compensation expense and amortization of intangible assets. * Revenues grew 30.6% versus the first quarter of 2006 to $32.9 million. * Core Telecom results driven by strong demand from several customers, most notably Verizon, which represented 11% of sales. * Company sees Q2 GAAP EPS of $0.09-$0.12; non-GAAP EPS of $0.10-$0.13, which excludes stock compensation expense and amortization of intangible assets. First Quarter Results

Channell Commercial Corporation (the "Company") reported first quarter 2007 net sales of $32.9 million. This represents a 30.6% increase compared to net sales of $25.2 million for the first quarter of 2006. On a sequential basis, net sales expanded 33.2% compared to fourth quarter 2006 net sales of $24.7 million.

The Company also reported GAAP net income of $115,000 for the first quarter of 2007, or $0.01 per basic and diluted share, as compared to a net loss of $1.6 million or ($0.16) per basic and diluted share, for the first quarter of 2006. Included in the first quarter 2007 net income is stock compensation expense of $60,000 (accounted for under SFAS 123R), and intangible amortization expense of $46,000, which together equate to ($0.01) per basic and diluted share. Excluding these items, first quarter 2007 non-GAAP pro forma net income was $221,000 or $0.02 per basic and diluted share. A reconciliation of the adjustments made to GAAP net income per basic and diluted share to compute non-GAAP pro forma net income per basic and diluted share is contained in the financial tables of this press release.

Gross profit for first quarter 2007 was $10.0 million, or 30.4% of net sales, as compared to $7.6 million, or 30.2% of net sales, for the comparable period in the prior year.

Total operating expenses for first quarter 2007 were $9.9 million, or 30.1% of net sales, versus $9.1 million, or 36.3% of net sales, in the first quarter of 2006. Included in first quarter 2007 operating expenses was $106,000 of intangible amortization and stock based compensation expenses compared to $124,000 in first quarter 2006.

William H. Channell, Jr., Chief Executive Officer of the Company commented, "We are pleased with the return to profitability in the first quarter driven by the rebound in our core domestic telecommunications sector."

Mr. Channell continued, "Although we are optimistic the second quarter should generate strong earnings, our immediate focus is to deliver more consistent revenue results across all quarters of the year. We believe our global operations will be key contributors to achieving this goal due to a more robust telecom market combined with growing awareness regarding water harvesting leading to significant opportunities in the second half of 2007."

Liquidity

At March 31, 2007, the Company had total cash and cash equivalents of $1.2 million, which was $1 million less than the total at December 31, 2006. Total outstanding debt and capital lease obligations declined slightly to $13.5 million at March 31, 2007 versus a balance of $13.7 million at year end 2006. Net cash used from operating activities was $383,000 for the first quarter of 2007.

Days sales outstanding increased to 46 days during the first quarter of 2007 up from 43 days in both the comparable period a year ago and the fourth quarter of 2006. Days inventory was 62 days, up from 57 days inventory for the first quarter of 2006 but down slightly from 63 days during the fourth quarter of 2006. Days payables were 64 days for the first quarter, up from 59 days in the year-ago period and also up from 53 days in the prior quarter.

Business Outlook

For the second quarter of 2007, the Company expects net sales of $36 to $37 million and consolidated GAAP net income per basic and diluted share of $0.09 to $0.12. Second quarter non-GAAP pro forma net income per basic and diluted share, which excludes the impact of SFAS 123R and amortization of intangible assets, is expected to range from $0.10 to $0.13. Full-year 2007 net sales are now expected in the $135-$139 million range, with GAAP net income per basic and diluted share of $0.14 to $0.18. Full year 2007 non-GAAP pro forma net income per basic and diluted share, which excludes the impact of SFAS 123R and amortization of intangible assets, is expected to range from $0.18-$0.22. A summary of the Company's consolidated guidance is provided below:

Metric Second Quarter Full-Year 2007 Channell Consolidated Net Sales $36-$37M $135-$139M GAAP EPS $0.09-$0.12 $0.14-$0.18 Non-GAAP EPS $0.10-$0.13 $0.18-$0.22 Capital Expenditures ~$0.7-$0.8M ~$3.3M-$3.8M Non-GAAP Financial Measures

Non-GAAP pro forma net income (loss) and Non-GAAP pro forma net income (loss) per basic and diluted share are non-GAAP financial measures, and represent net income (loss), and net income (loss) per basic and diluted share, each adjusted to exclude certain non-cash and non-recurring items. For a reconciliation of non-GAAP pro forma net income (loss) to GAAP net income (loss), and non-GAAP pro forma net income (loss) per basic and diluted share to GAAP net income (loss) per basic and diluted share, for the periods presented, please see the financial tables attached to this press release. This press release and the attached financial information are also available in the investor relations section of the Company's web site at http://www.channell.com/.

The Company believes the presentation of non-GAAP financial measures assists investors to better understand the Company's operating performance. In addition, analyst estimates typically exclude the impact of non-cash and non-recurring items from earnings (loss) per diluted share; consequently, the Company believes that the presentation of these non-GAAP financial measures is helpful to investors in their review of information presented by analysts.

About Channell

Channell Commercial Corporation is a designer and manufacturer of telecommunications equipment supplied to communications network operators worldwide and water harvesting solutions distributed in markets throughout Australia. Major product lines include a complete line of thermoplastic and metal fabricated enclosures, advanced copper termination and connectorization products, fiber-optic cable management systems and polyethylene water storage tanks. The Company's headquarters and U.S. manufacturing facilities are in Temecula, California. International operations include facilities in Toronto (Canada), London (U.K.) and various locations throughout Australia. The Company's website is http://www.channell.com/

Forward-Looking Statements

This news release contains statements that are not historical in nature and that may be characterized as "forward-looking statements" within the meaning of the securities laws. Examples of forward looking statements would include statements about the expected future revenues, expenses and other financial results, and any other statements that are not historical facts. These statements are based on management's current expectation and are subject to a number of uncertainties and risks. Actual results may differ materially. Important factors that could cause actual results to differ materially from the Company's estimates or projections contained in the forward-looking statements include, but are not limited to: (1) obsolescence of Company products resulting from technological change, (2) ability to anticipate changes in technology and industry standards in order to successfully develop and introduce new products, (3) dependence on a few customers for a large percentage of sales, (4) dependence on the telecommunications industry to represent a substantial portion of the Company's total sales, (5) customer demand, (6) material costs and the availability of complementary products, (7) energy costs, (8) integration of acquired businesses, (9) delays in product development, (10) operating leverage, (11) seasonality and fluctuations in operating results and (12) worldwide economic conditions. Such uncertainties are discussed further in the Company's filings with the Securities and Exchange Commission, which you are encouraged to review in connection with this release.

- Financial Tables to Follow - CHANNELL COMMERCIAL CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (UNAUDITED) (amounts in thousands, except per share data) Three months ended March 31, 2007 2006 Net sales $32,853 $25,152 Cost of goods sold 22,879 17,563 Gross profit 9,974 7,589 Operating expenses Selling 5,246 5,339 General and administrative 4,223 3,267 Research and development 429 536 9,898 9,142 Income (loss) from operations 76 (1,553) Interest income 13 18 Interest expense (185) (120) Loss before income tax benefit (96) (1,655) Income tax benefit (146) (18) Net income (loss) before minority interest 50 (1,637) Minority interest in loss of subsidiaries (65) (81) Net income (loss) $115 $(1,556) Net income (loss) per share Basic and diluted $0.01 $(0.16) Net income (loss) $115 $(1,556) Other comprehensive income (loss), net of tax Foreign currency translation adjustment 397 (342) Comprehensive income (loss) $512 $(1,898) CHANNELL COMMERCIAL CORPORATION CONSOLIDATED BALANCE SHEETS (UNDAUDITED) (amounts in thousands, except per share data) March 31, December 31, 2007 2006 ASSETS Current assets Cash and cash equivalents $1,225 $2,235 Accounts receivable, net of allowance for doubtful accounts of $139 at March 31, 2007 and $220 at December 31, 2006 16,684 11,673 Inventories, net 15,698 13,018 Prepaid expenses and other current assets 965 931 Income taxes receivable 783 881 Deferred income taxes, net 736 719 Total current assets 36,091 29,457 Property and equipment, net 18,564 18,799 Deferred income taxes, net 1,041 1,017 Goodwill 10,075 9,848 Intangible assets, net 2,101 2,097 Other assets 790 660 $68,662 $61,878 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Accounts payable $16,212 $10,902 Short-term debt (including current maturities of long-term debt) 13,522 13,723 Current maturities of capital lease obligations 179 138 Accrued expenses 5,365 4,371 Total current liabilities 35,278 29,134 Capital lease obligations, less current maturities 491 384 Other long-term liabilities 1,338 1,332 Commitments and contingencies (Note 7) -- -- Minority interest 833 878 Stockholders' equity Preferred stock, par value $.01 per share, authorized - 1,000 shares, none issued and outstanding -- -- Common stock, par value $.01 per share, authorized - 19,000 shares; issued - 9,787 at March 31, 2007 and December 31, 2006; outstanding - 9,543 shares at March 31, 2007 and December 31, 2006 98 98 Additional paid-in capital 31,153 31,093 Treasury stock - 244 shares in 2007 and 2006 (1,871) (1,871) Accumulated deficit (45) (160) Accumulated other comprehensive income - Foreign currency translation 1,387 990 Total stockholders' equity 30,722 30,150 $68,662 $61,878 CHANNELL COMMERCIAL CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (amounts in thousands) Three months ended March 31, 2007 2006 Cash flows from operating activities: Net income (loss) $115 $(1,556) Adjustments to reconcile net income (loss) to net cash used in operating activities: Depreciation and amortization 1,187 1,149 Stock-based compensation 60 81 Loss on disposal of fixed assets 23 -- Amortization of deferred gain on sale leaseback (15) (15) Provision for doubtful accounts (7) (174) Provision for inventory obsolescence 33 -- Minority interest in income loss of subsidiaries (65) (81) Changes in operating assets and liabilities: Accounts receivable (4,824) (3,420) Inventories (2,583) 125 Prepaid expenses and other current assets (25) (208) Income taxes receivable 105 (258) Other assets (128) 50 Accounts payable 4,795 3,043 Accrued expenses and other liabilities 946 (439) Net cash used in operating activities (383) (1,703) Cash flows from investing activities: Purchase of property and equipment (339) (300) Proceeds from the sales of property and equipment 66 -- Net cash used in investing activities (273) (300) Cash flows from financing activities: Repayment of debt (792) (532) Borrowings from credit facilities 402 1,807 Repayment of obligations under capital lease (61) (13) Net cash used in financing activities (451) 1,262 Effect of exchange rates on cash 97 (50) Decrease in cash and cash equivalents (1,010) (791) Cash and cash equivalents, beginning of period 2,235 3,148 Cash and cash equivalents, end of period $1,225 $2,357 Cash paid during the period for: Interest $289 $172 Income taxes $11 $21 Non-cash investing activities: Purchases of property and equipment which are included in obligations under capital leases and accounts payable $295 $37 Channell Commercial Reconciliation Tables of GAAP Financial Measures to Non-GAAP Financial Measures Reconciliation of GAAP net income (loss) per basic and diluted share to non-GAAP pro forma net income (loss) per basic and diluted share (Unaudited) Quarter Ended Quarter Ended March 31, 2007 March 31, 2006 GAAP net income (loss) per basic and diluted share $0.01 ($0.16) Add: Stock compensation expense under SFAS 123R and intangibles amortization $0.01 0.01 Non-GAAP pro forma net income (loss) per basic and diluted share $0.02 ($0.15) Reconciliation of GAAP net income (loss) to non-GAAP pro forma net income (loss) (Unaudited) (in thousands) Quarter Ended Quarter Ended March 31, 2007 March 31, 2006 GAAP earnings (loss) $115 ($1,556) Add: Stock compensation expense under SFAS 123R and intangibles amortization $106 $124 Non-GAAP net income earnings (loss) $221 ($1,432) Channell Commercial Corporation Reconciliation Tables of GAAP Financial Measures to Non-GAAP Financial Measures Reconciliation of GAAP net income per basic and diluted share estimate to non-GAAP pro forma net income (loss) per basic and diluted share estimate (Unaudited) Second Quarter Full Year 2007 2007 Low High Low High Estimated GAAP net income (loss) per basic and diluted share $0.09 $0.12 $0.14 $0.18 Add: Estimated stock compensation expense under SFAS 123R and intangibles amortization $0.01 $0.01 $0.04 $0.04 Estimated non-GAAP net income per basic and diluted share $0.10 $0.13 $0.18 $0.22

Channell Commercial Corporation

CONTACT: Michael Perica, Treasurer of Channell Commercial Corporation,
+1-915-719-2600, mperica@channellcorp.com

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

Alliance Atlantis Reports Consolidated Revenue Growth of 32% to $358.0 million and Diluted EPS Growth of 100% to $0.98 For The First Quarter of 2007www.allianceatlantis.com TSX: AAC.A, AAC.B- Advertising revenue for Q1 increased by 16.1% to $41.9 million - Broadcasting EBITDA increased 23.9%, excluding Slice re-launch costs and digital media initiatives - CSI revenue increased 74.3% to $162.3 million for Q1 due to continued strong international licensing arrangements - CSI direct profit increased 79.0% to $62.3 million for Q1 - Net earnings increased 91.6% to $41.2 million for Q1 - Subsequent to quarter end, Alliance Atlantis shareholders approved the Arrangement whereby a corporation wholly owned by CanWest MediaWorks Inc. will acquire all of the outstanding shares of Alliance Atlantis for $53.00 cash per share

TORONTO, May 15 /PRNewswire-FirstCall/ -- Alliance Atlantis Communications Inc. (the "Company") reported strong revenue and earnings growth for the quarter ended March 31, 2007, driven by growth in broadcast advertising sales and worldwide sales of the CSI franchise.

"We are pleased to announce that our advertising revenue increased by 16.1% due to strong audience growth and our subscriber revenue increased 8.5% due to steady gains in subscriber volumes made by all our channels," said Phyllis Yaffe, Chief Executive Officer of Alliance Atlantis. "The CSI franchise continued its exceptional performance, recording revenue growth of 74.3% during the quarter, fuelled by strong international second window sales."

First Quarter Financial Results Broadcasting

During the quarter, Broadcasting recorded revenue growth of 11.9% to $78.0 million from $69.7 million in the prior year. Subscriber revenue grew by 8.5% to $35.7 million in the quarter as a result of steady growth in the number of subscribers across all of the Company's channels. Advertising revenue grew by 16.1% to $41.9 million in the quarter from $36.1 million in the prior year due primarily to growth in audiences.

Broadcasting operating expenses for the quarter were $23.4 million, up from $17.3 million in the prior year's period. The increase is primarily related to the re-launch of Slice (formerly Life Network) ($2.5 million) and digital media initiatives ($1.7 million).

Broadcasting EBITDA of $20.7 million increased $0.6 million or 3.0% in the quarter. Excluding the impact of the Slice re-launch and digital media expenses, Broadcasting EBITDA was $24.9 million, representing an increase of $4.8 million or 23.9%.

Entertainment

CSI revenue of $162.3 million increased by 74.3% compared to the prior year's period. The Company continued to recognize significant second window international licensing arrangements and also delivered an increased number of episodes internationally. The positive impact of foreign exchange in the current quarter was $2.3 million, as the rate for the quarter was $1.17 compared to $1.15 in the prior year.

CSI direct profit of $62.3 million increased $27.5 million or 79.0% due primarily to higher international sales as well as the positive impact of foreign exchange of $1.5 million.

Other revenue increased modestly to $8.2 million from $8.0 million in the prior year's period. This was due to higher revenue from the Company's library of film and television programs, particularly the kids and drama genres.

Other direct profit decreased $0.6 million primarily due to higher royalty and residual costs in the current quarter.

Motion Picture Distribution

Revenue was $109.5 million during the quarter compared to $100.6 million for the prior year's period, representing an increase of $8.9 million or 8.8%.

Direct profit for the quarter was $20.1 million reflecting a margin of 18.4% compared to $16.1 million or a margin of 16.0% for the prior year's period.

EBITDA increased $2.3 million during the quarter to $8.5 million.

Motion Picture Distribution LP released their first quarter results on May 9, 2007. For further information on Motion Picture Distribution LP, please refer to their press release or go to their website at http://www.moviedistributionincomefund.com/.

Corporate and Other

Operating expenses in Corporate and Other were $18.4 million in the quarter compared to $10.5 million in the same period in the prior year. The increase is primarily due to professional fees and other expenses related to the proposed acquisition of the Company, which totaled $8.8 million in the current period. Offsetting this increase is a decrease of $1.6 million in stock based compensation costs related to lower Performance Share Appreciation Plan costs.

Amortization

Amortization was $4.2 million for the quarter compared to $2.7 million for prior year's period. The increase in the quarter is due to a write-down of intangible assets recorded by Motion Picture Distribution LP, as well as increased amortization of property and equipment due to the Company's launch of its two high-definition television channels.

Interest

Interest expense decreased $2.3 million to $4.0 million during the quarter. The decrease is the result of higher interest income earned on long-term accounts receivable balances. These decreases were partially offset by increases in the Company's average cost of borrowing, which was 6.6% during the quarter compared to 6.1% in the prior year's period.

Earnings From Operations Before Undernoted (Operating Earnings)

Operating earnings for the quarter were $60.1 million compared to $39.3 million for the prior year's period. During fiscal year 2006, the Company revised its definition of operating earnings to exclude non-controlling interest in order to enhance users' understanding of the Company's effective tax rate. As such, prior year comparatives have been adjusted.

Income Taxes

The income tax provision for the first quarter increased from $13.9 million to $20.8 million compared to the prior year's period. This represents an effective tax rate of 30.8% compared to 34.8% in the prior year's period. The increase is mainly the result of an increase in taxable earnings partially offset by the mix of earnings between different tax jurisdictions.

Net Earnings

The net earnings for the three months ended March 31, 2007 were $41.2 million compared to net earnings of $21.5 million for the three months ended March 31, 2006. On a basic and diluted basis, the net earnings per share were $1.00 and $0.98, respectively for the three months ended March 31, 2007, compared to basic and diluted net earnings per share of $0.50 and $0.49, respectively for the three months ended March 31, 2006.

Liquidity and Capital Resources

Net debt decreased by $53.8 million, from $366.4 million at March 31, 2006 to $312.6 million at March 31, 2007. The decrease results from strong free cash flow generation, which increased cash and cash equivalent balances as well as regularly scheduled term loan payments. This decrease in net debt is inclusive of $75.3 million used to repurchase shares during the last twelve months.

Net debt, excluding debt of Motion Picture Distribution LP which is non-recourse to the Company, decreased by $67.5 million, from $300.3 million at March 31, 2006 to $232.8 million at March 31, 2007.

Operating Highlights Broadcasting

Several of Alliance Atlantis' specialty television channels delivered record Adult 25-54 audiences during the Winter 2007 season. HGTV Canada, History Television, National Geographic Channel, Discovery Health Channel, and IFC all recorded peak Adult 25-54 Mo-Su 6am-6am average minute audiences(1). Subsequent to quarter end, Food Network Canada experienced its highest weekly average minute audience since its launch in October 2000(2).

Alliance Atlantis' specialty television channels continued their strong record of top rankings for the Winter 2007 period. During the first quarter, three of the Company's established analog channels ranked in the top 10 of all Canadian English language specialty networks, with HGTV ranking 4th, History 6th and Showcase ranking 7th(3).

For Winter 2007, among the digital specialty networks launched since 2001, four of Alliance Atlantis' digital channels ranked in the top 10 for adult 25-54 audiences with Showcase Action ranking 1st, National Geographic Channel ranking 2nd, Showcase Diva ranking 5th, and IFC ranking 7th(4).

During the first quarter, the Company re-launched Life Network as Slice. Many new programs that aired on Slice during Spring 2007 have resulted in significant AMA growth compared to the corresponding time periods in Spring 2006. The time periods airing The Real Housewives of Orange County have seen 57% AMA growth for Adults 18-49 and 50% AMA growth for Women 18-49 vs. Spring 2006. The time periods airing Brat Camp have seen 107% AMA growth for Adults 18-49 and 111% AMA growth for women 18-49 vs. Spring 2006(5).

Entertainment

During the first quarter of 2007, the CSI franchise continued to deliver exceptional results. CSI: Crime Scene Investigation is currently in its 7th season and ranked the # 1 drama on U.S. television with an average of 20.5 million viewers per week. CSI: Miami is currently in its 5th season and ranked within the top 5 most watched dramas on U.S. television and the # 1 drama in syndication in the US with 17.1 million viewers per week. Finally, CSI: NY is currently in its 3rd season and remains as the # 1 series in its timeslot with an average of more than 14.0 million viewers per week(6).

Transaction Update

At a Special Meeting of Shareholders held on April 5, 2007, shareholders of Alliance Atlantis passed a special resolution approving an arrangement pursuant to section 192 of the Canada Business Corporations Act whereby AA Acquisition Corp. (formerly 6681859 Canada Inc.), a corporation wholly owned by CanWest MediaWorks Inc., will acquire all of the outstanding Class A and Class B shares of Alliance Atlantis for $53.00 cash per share. The Arrangement was approved by 99.7% of the votes cast by holders of outstanding Class A shares and 99.99% of the votes cast by holders of outstanding Class B Non-Voting shares present in person or represented by proxy at the meeting. As previously announced by Alliance Atlantis and CanWest Global Communications Corp. the Arrangement has cleared Canadian Competition Bureau review. The Arrangement remains subject to court approval as well as certain other conditions, including the receipt of certain regulatory approvals.

The Company continues to expect the Arrangement to be completed in July or early August 2007.

---------------------------- (1) Source: BBM/NMR Mo-Su 6am-6am Average Minute Audience Adults 25-54 Winter 2007 = 01/01/2007-04/01/2007 Period since launch = October 1997-March 2007 HGTV Canada and History Television. Period since launch = September 2001-March 2007 IFC, DHC, NGC (2) Source: BBM/NMR: Mo-Su 6am-6am Ad 25-54 Average Minute Audience 03/26/07-04/22/07 as compared to any 4 week period October 2000- current. (3) Source: BBM/NMR Mo-Su 6am-6am Average Minute Audience Adults 25-54 Winter 2007 = 01/01/2007-04/01/2007 (4) Source: BBM/NMR Mo-Su 6am-6am Average Minute Audience Adults 25-54 Winter 2007= 01/01/2007-04/01/2007 (5) Source: BBM/NMR 04/10/06-07/03/06, 03/05/07-04/15/07 (6) Source: National Nielsen Ratings: Primetime Season to Date Ranking - Regular Programming for Demographic PER2+: 09/18/06 to 05/06/07 About Alliance Atlantis Communications --------------------------------------

Alliance Atlantis offers Canadians 13 well-branded specialty television channels boasting targeted, high-quality programming. The Company also co-produces and distributes the hit CSI franchise and indirectly holds a 51% limited partnership interest in Motion Picture Distribution LP, a leading distributor of motion pictures in Canada, with a presence in motion picture distribution in the United Kingdom and Spain. The Company's common shares are listed on the Toronto Stock Exchange - trading symbols AAC.A and AAC.B. The Company's Web site is http://www.allianceatlantis.com/.

Forward-Looking Statements --------------------------

This press release, in particular the "Transaction Update" section, contains forward-looking statements, which are based on certain assumptions and reflect current expectations of Alliance Atlantis Communications Inc. (collectively with its subsidiaries, the "Company"). Forward-looking statements are those that are not historical fact and include, but are not limited to, statements of the Company's expectations and intentions. The reader should not place undue reliance on them. They involve known and unknown risks, uncertainties and other factors that may cause them to differ materially from the anticipated future results or expectations expressed or implied by such forward-looking statements. Important factors that could cause actual results to differ materially from those set forth in the forward-looking statements include: failure to comply with the terms of the arrangement agreement (the "Arrangement Agreement") dated January 10, 2007 and entered into with a new acquisition company formed by CanWest, as amended, which is available on Sedar at http://www.sedar.com/; failure to complete, or a significant delay in completing, the transactions contemplated by the Arrangement Agreement; audience acceptance of the Company's filmed entertainment; technological change that increases competition or facilitates the infringement of the Company's intellectual property; the Company's ability to attract advertising revenue; actions of competitors; changes to the regulatory environment; cost of production financing; actions of the broadcasting distribution undertakings, or "BDUs" that distribute the Company's channels; the loss of key personnel; the Company's relationship with filmed entertainment content suppliers and changes in the general economy. Additional information about the factors listed above and information about other factors are described in materials filed by the Company with the securities regulatory authorities in Canada from time to time, including the Company's 2006 MD&A and the Company's MD&A for the quarter ended March 31, 2007. The Company undertakes no obligation to publicly update or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise.

This earnings release contains the unaudited interim consolidated financial statements for the three months ended March 31, 2007 and March 31, 2006.

Non-GAAP Financial Measures ---------------------------

The Company uses EBITDA, direct profit and free cash flow to gain a better understanding of the results of the business. These non-GAAP financial measures are not recognized under Canadian GAAP. These non-GAAP financial measures are provided to enhance the user's understanding of the Company's historical and current financial performance and its prospects for the future. Management believes that these measures provide useful information in that they exclude amounts that are not indicative of the Company's core operating results and ongoing operations and provide a more consistent basis for comparison between years. The Company uses EBITDA, direct profit and free cash flow to measure operating performance. The Company has defined EBITDA, calculated using figures determined in accordance with Canadian GAAP, as earnings before under noted, which are earnings before amortization, interest, equity losses in affiliates, investment (gains) losses, foreign exchange gains and losses, income taxes and non-controlling interest. Direct profit is defined as revenue less direct operating expenses, as defined in note 25 of the Company's consolidated financial statements included in the Company's 2006 Annual Report. Free cash flow is defined as the total of cash and cash equivalents provided by (used in) operating activities and provided by (used in) investing activities.

Net debt is defined as the Company's revolving credit facility and term loans, net of cash and cash equivalents.

While many in the financial community consider EBITDA to be an important measure of operating performance, it should be considered in addition to, but not as a substitute for net earnings, cash flow and other measures of financial performance prepared in accordance with Canadian GAAP which are presented in the attached unaudited interim consolidated financial statements. In addition, the Company's calculation of EBITDA may be different than the calculation used by other companies and therefore comparability may be affected. A reconciliation of these non-GAAP financial measures to the most directly comparable measures calculated in accordance with Canadian GAAP is presented in the Company's MD&A.

CONSOLIDATED FINANCIAL STATEMENTS For the Three Months Ended March 31, 2007 and March 31, 2006 (Unaudited) Management's responsibility for financial reporting

The accompanying unaudited interim consolidated financial statements and Management's Discussion and Analysis ("MD&A") of Alliance Atlantis Communications Inc. ("Alliance Atlantis", or collectively with its subsidiaries, "the Company") are the responsibility of management and have been approved by the Board of Directors.

The unaudited interim consolidated financial statements have been prepared by management in accordance with Canadian generally accepted accounting principles. When alternative methods of accounting exist, management has chosen those it deems most appropriate in the circumstances. The unaudited interim consolidated financial statements and information in the MD&A necessarily include amounts based on informed judgments and estimates of the expected effects of current events and transactions with appropriate consideration to materiality. In addition, in preparing the financial information management must make determinations as to the relevancy of information to be included, and make estimates and assumptions that affect reported information. The MD&A also includes information regarding the impact of current transactions and events, sources of liquidity and capital resources, operating trends, risks and uncertainties. Actual results in the future may differ materially from our present assessment of this information because future events and circumstances may not occur as expected.

The Company maintains a system of internal accounting and administrative controls. Such systems are designed to provide reasonable assurance that the financial information is relevant, reliable and accurate and the Company's assets are appropriately accounted for and adequately safeguarded.

The Board of Directors is responsible for ensuring that management fulfills its responsibilities for financial reporting, and is ultimately responsible for reviewing and approving the unaudited interim consolidated financial statements and MD&A. The Board carries out this responsibility through its Audit Committee.

The Audit Committee is appointed by the Board, and all of its members are independent directors. The Audit Committee meets periodically with management, as well as the independent external auditors, to discuss internal controls over the financial reporting process, auditing matters and financial reporting issues. The Audit Committee reviews the unaudited interim consolidated financial statements and the MD&A and reports its findings to the Board for consideration when the Board approves the unaudited interim consolidated financial statements and the MD&A for issuance to the shareholders.

May 14, 2007 Phyllis Yaffe David Lazzarato Chief Executive Officer Executive Vice President and Chief Financial Officer Alliance Atlantis Communications Inc. Consolidated Balance Sheets (unaudited) (In millions of Canadian dollars) March 31, December 31, March 31, 2007 2006 2006 ------------------------------------------------------------------------- Assets Cash and cash equivalents 121.4 114.4 68.5 Accounts and other receivables 508.7 486.4 331.3 Investment in film and television programs (note 3) 573.5 577.1 593.9 Property and equipment 47.0 49.3 38.0 Investments (note 2) 42.1 4.7 6.8 Future income taxes 73.7 73.3 79.0 Other assets 3.8 11.5 14.8 Loans receivable from tax shelters (note 14) 47.3 95.6 97.5 Broadcast licences 105.0 105.0 106.0 Goodwill (note 6 and 13) 179.2 179.1 204.3 -------------------------------------- 1,701.7 1,696.4 1,540.1 ------------------------------------------------------------------------- Liabilities Revolving credit facilities (note 4) 42.0 49.0 26.5 Accounts payable and accrued liabilities 589.2 613.5 463.7 Income taxes payable 88.2 68.4 31.4 Deferred revenue 23.9 20.4 35.7 Term loans (note 5) 392.0 398.1 408.4 Tax shelter participation liabilities (note 14) 47.3 95.6 97.5 -------------------------------------- 1,182.6 1,245.0 1,063.2 Non-controlling interest 60.2 61.0 58.7 ------------------------------------------------------------------------- Shareholders' Equity Share capital and other (note 7) 710.0 706.0 726.7 Deficit (275.0) (312.5) (301.4) Accumulated other comprehensive income (loss) (note 2 and 8) 23.9 (3.1) (7.1) -------------------------------------- 458.9 390.4 418.2 -------------------------------------- 1,701.7 1,696.4 1,540.1 ------------------------------------------------------------------------- Alliance Atlantis Communications Inc. Consolidated Statements of Earnings For the three months ended March 31, (unaudited) (In millions of Canadian dollars - except per share amounts) 2007 2006 ------------------------------------------------------------------------- Revenue Broadcasting 78.0 69.7 Entertainment 170.5 101.1 Motion Picture Distribution 109.5 100.6 -------------------------- 358.0 271.4 Direct operating expenses 230.6 181.6 Direct profit Broadcasting 44.1 37.4 Entertainment 63.2 36.3 Motion Picture Distribution 20.1 16.1 -------------------------- 127.4 89.8 Operating expenses Selling, general and administrative 48.1 37.8 Transaction expenses (note 17) 8.8 - Stock based compensation 2.2 3.6 -------------------------- 59.1 41.4 Earnings (loss) before undernoted Broadcasting 20.7 20.1 Entertainment 57.5 32.6 Motion Picture Distribution 8.5 6.2 Corporate and Other (18.4) (10.5) -------------------------- 68.3 48.4 Amortization 4.2 2.7 Interest (note 10) 4.0 6.3 Equity losses in affiliates - 0.1 ------------------------------------------------------------------------- Earnings from operations before undernoted 60.1 39.3 Foreign exchange gains (7.4) (0.7) ------------------------------------------------------------------------- Earnings before income taxes and non-controlling interest 67.5 40.0 Provision for income taxes 20.8 13.9 Non-controlling interest 5.5 4.6 ------------------------------------------------------------------------- Net earnings for the period 41.2 21.5 ------------------------------------------------------------------------- Earnings per Common Share (note 11) Basic $1.00 $0.50 Diluted $0.98 $0.49 ------------------------------------------------------------------------- Alliance Atlantis Communications Inc. Consolidated Statements of Deficit For the three months ended March 31, (unaudited) (In millions of Canadian dollars) 2007 2006 ------------------------------------------------------------------------- Deficit - beginning of period, previously reported (312.5) (310.3) Adjustment on implementation of new accounting standards (note 2) (3.7) - -------------------------- Deficit - beginning of period, revised (316.2) (310.3) Net earnings for the period 41.2 21.5 Shares repurchased and cancelled under issuer bid (note 7) - (12.6) ------------------------------------------------------------------------- Deficit - end of period (275.0) (301.4) ------------------------------------------------------------------------- Consolidated Statements of Comprehensive Income For the three months ended March 31, (unaudited) (In millions of Canadian dollars) 2007 2006 ------------------------------------------------------------------------- Net earnings for the period 41.2 21.5 Other comprehensive income (loss) Unrealized gains on available-for-sale investments, net of tax of $2.9 14.9 - Unrealized loss on interest rate swap designated as cash flow hedge, net of tax of $0.5 (1.0) - Unrealized foreign currency translation gains (losses) on net assets of self-sustaining foreign operations (3.6) 2.5 Unrealized foreign currency translation gains (losses) on term loans designated as a hedge on certain net investments in self-sustaining foreign operations, net of tax of $0.4 (March 31, 2006 - $0.1) 1.6 (0.5) ------------------------- 11.9 2.0 ------------------------------------------------------------------------- Total comprehensive income 53.1 23.5 ------------------------------------------------------------------------- Alliance Atlantis Communications Inc. Consolidated Statements of Cash Flows For the three months ended March 31, (unaudited) (In millions of Canadian dollars) 2007 2006 ------------------------------------------------------------------------- Cash and cash equivalents provided by (used in) Operating activities Net earnings for the period 41.2 21.5 Items not affecting cash Amortization of film and television programs (note 12) 108.0 90.1 Amortization of property and equipment 3.3 2.7 Amortization of other assets 0.2 0.6 Equity losses in affiliates - 0.1 Write down of other intangible assets 0.9 - Non-controlling interest 5.5 4.6 Future income taxes (6.6) 8.1 Unrealized net foreign exchange gains 0.7 1.9 Non-cash stock based compensation 0.9 1.0 Investment in film and television programs (note 12) (106.2) (103.5) Net changes in other non-cash balances related to operations (27.3) (33.2) -------------------------- 20.6 (6.1) ------------------------------------------------------------------------- Investing activities Purchases of property and equipment (1.0) (1.0) -------------------------- (1.0) (1.0) ------------------------------------------------------------------------- Financing activities Repayment of revolving credit facility (7.0) (6.5) Repayment of term loans (2.8) (2.6) Distributions paid to non-controlling interest (6.3) (5.8) Issue of share capital 3.7 3.7 Shares purchased and cancelled under issuer bid - (24.3) -------------------------- (12.4) (35.5) ------------------------------------------------------------------------- Effect of exchange rate changes on cash and cash equivalents (0.2) 0.5 ------------------------------------------------------------------------- Change in cash and cash equivalents 7.0 (42.1) Cash and cash equivalents - beginning of period 114.4 110.6 -------------------------- Cash and cash equivalents - end of period 121.4 68.5 -------------------------------------------------------------------------

Alliance Atlantis Communications Inc.

CONTACT: Andrew Akman, Senior Vice President, Finance - Corporate
Development & Investor Relations, Tel: (416) 966-7701,
andrew.akman@allianceatlantis.com; Nicola McIsaac, Manager, Corporate & Public
Affairs, Tel: (416) 969-4405, nicola.mcisaac@allianceatlantis.com

FNDS, IGT and MCHP Update the Investment Community in All-New Interviews With WallSt.net

NEW YORK, May 15 /PRNewswire/ -- On May 14, David Fann, President of FundsTech Corp. (BULLETIN BOARD: FNDS) updated the investment community in an all-new interview with http://www.wallst.net/. Interview highlights include detailed discussions on the following topics:

-- the company's two core product lines, and their market opportunities -- trends in the pre-paid debit card market -- strategic partnerships with financial institutions -- international market opportunity, and steps the company is taking to establish an international presence -- building "a potential, long-term, recurring revenue stream" -- current capitalization -- timeline for achieving profitability -- reasons the company has a competitive edge in its target markets -- upcoming strategic and financial milestones for investors to watch for

To hear the interview in its entirety, and to read an in-depth report on the company, visit http://www.wallst.net/superstocks/superstocks_profile.asp?ticker=fnds

On April 27, Patrick Cavanaugh, Executive Director of Investor Relations for International Game Technology updated the investment community in an all-new interview with http://www.wallst.net/. Interview highlights include detailed discussions on the following topics:

-- expansion trends in the global gaming market -- how the company has adapted their technology to conform with gaming regulations -- the company's recent investment in Digideal Corp., and how it expands IGT's intellectual property -- why the company is "very good at getting products approved and pushed through various regulatory queues around the globe" -- upcoming milestones for investors to watch for

To hear the interview in its entirety, and to read an in-depth article on the company, visit http://wallst.net/editorials/article.asp?id=696

On May 4, Steve Sanghi, Chairman and CEO of Microchip Technology, Inc. updated the investment community in an all-new interview with http://www.wallst.net/. Interview highlights include detailed discussions on the following topics:

-- how the semiconductor industry has changed since October 2006 -- key drivers behind the company's year-end performance -- inventory correction in the semiconductor industry, and how its completion has aided the company in its growth -- trends in the microcontroller industry that bolster the company's growth prospects -- new product introductions -- upcoming milestones for investors to watch for

To hear the interview in its entirety, visit http://wallst.net/audio/audio.asp?ticker=MCHP&id=3345

About WallSt.net:

http://www.wallst.net/ is owned and operated by WallStreet Direct, Inc., a wholly owned subsidiary of Financial Media Group, Inc. The website is a leading provider of financial news, media, tools and community-driven applications for investors. http://www.wallst.net/ offers visitors free membership to its in-depth executive interviews, exclusive editorial content, breaking news, and several proprietary applications. In addition to its website, WallStreet Direct organizes investor conferences, publishes a newspaper, and provides multimedia advertising solutions to small and mid-sized publicly traded companies. We have received one hundred ninety two thousand three hundred eight restricted shares of FNDS from FundsTech Corp. for media and advertising services. For a complete list of our advertisers, and advertising relationships, visit http://www.wallst.net/disclaimer/disclaimer.asp.

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PRN Photo Desk, photodesk@prnewswire.com WallStreet Direct, Inc.

CONTACT: Nick Iyer of Digital Wall Street, Inc., 1-800-WALL-ST

Web site: http://www.wallst.net/

Catapult Communications to Present at the JPMorgan Technology Conference

MOUNTAIN VIEW, Calif., May 15 /PRNewswire-FirstCall/ -- Catapult Communications Corporation , today announced that company CEO Dr. Richard A. Karp will be presenting at the JPMorgan 35th Annual Technology Conference at the Westin Waterfront in Boston, MA on Monday, May 21, 2007 at 3:40 p.m. The presentation will be a "fireside chat" format and will highlight Catapult's market positioning and growth opportunities.

Catapult's presentation will be available live and, subsequently, on demand via the Internet. To listen to the web cast and simultaneously view the corresponding slides, investors should visit the Investor Relations section of Catapult's website at: http://www.catapult.com/. Investors should visit the site at least 15 minutes prior to the beginning of the scheduled presentation to register, download and install any necessary multimedia streaming software. The software plug-ins required for the live event can be either RealPlayer or Windows Media Player. The presentation will be archived and available until midnight on August 21, 2007.

About Catapult Communications

Catapult Communications is a leading supplier of advanced digital telecom test systems to global equipment manufacturers and service providers, including Ericsson, Alcatel-Lucent, Motorola, NEC, NTT DoCoMo, Nortel and Nokia Siemens Networks. The Catapult DCT2000(R) and MGTS(R) systems deliver superior high-end test solutions for hundreds of protocols and variants -- spanning IMS, WiMAX, 4G/3G/2.5G/2G UMTS, VoIP, GPRS, SS7, Intelligent Network, ATM, ISDN and other network environments.

Catapult is headquartered at 160 South Whisman Road, Mountain View, CA 94041. Tel: 650-960-1025. International offices are located in the U.K., Germany, France, Finland, Sweden, Canada, Japan, China, Australia and India. Information about Catapult Communications can be found on the Web at http://www.catapult.com/.

Contact: Leigh Salvo Investor Relations (650) 314-1000 ir@catapult.com

Catapult Communications Corporation

CONTACT: Leigh Salvo, Investor Relations of Catapult Communications,
+1-650-314-1000, ir@catapult.com

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

Secure Computing Launches Industry's First Self-Serve Domain Health CheckNew service allows anyone to get a free report on the security reputation of their domain

SAN JOSE, Calif., May 15 /PRNewswire-FirstCall/ -- Secure Computing Corporation , a leading enterprise gateway security company, today announced the launch of Domain Health Check, a free web service that provides users with a behavior-based view of the messaging and web reputation of their domains. This is a first-of-its-kind service that provides users with a free report about the security of their domain as seen and correlated from thousands of points around the globe. In today's ever-changing security landscape, where attacks routinely use compromised computers as hosts and mobile workforce computers can easily become infected outside the office, it is important for corporate IT departments to regularly monitor and track the behavior of systems within their networks. Users can access the Domain Health Check at http://www.securecomputing.com/domain_health_check.cfm.

Those who request a Domain Health Check from Secure Computing will receive a report that provides a snapshot of their domain's security reputation as it pertains to web and email traffic. Reputation scores are calculated based on behavior data captured in real-time by Secure Computing's TrustedSource(TM) reputation service. Like a credit score, a reputation score indicates whether a site is in good standing, or if it may have been compromised and is being used in nefarious ways. As part of the report, participants will receive remediation tips that serve as a starting point for further action.

"TrustedSource is the most extensive Internet reputation system in the market and enables all of our gateway security appliances to accurately block malware, spam and phishing attacks at more than half the Fortune 500 companies," said Atri Chatterjee, senior vice president of worldwide marketing for Secure Computing. "Domain Health Check provides this valuable information to anyone needing insight into the security of their websites and domains."

Key Features Domain Health Check provides: - Simple web access, sign-up and verification that lets one run a report for their domain - An easy-to-read and understand report that provides: - Web reputation and site categorization information - Message reputation information including any malicious senders, suspected zombies, dormant email senders within the domain, and phishing incidents for the domain as observed by TrustedSource - Summary and interpretation of results - Remediation suggestions including recommended next steps About TrustedSource

With up to 95 percent of email now classified as spam, and 90 percent of all spam sent through zombie computers, Secure Computing's TrustedSource reputation system provides advanced spam blocking and tackling. With sensors in 51 countries, including 15 classifier machines and 20 TrustedSource real- time responders, TrustedSource scans billions of messages each month and blocks 6.2 TB of spam. It provides users with a 92 percent spam block rate, also blocking 83 percent of total mail volume well before spam reaches anti- spam filters. In addition, TrustedSource collects 100 GB of statistics daily.

TrustedSource is integrated into Secure Computing's leading enterprise gateway security appliances in addition to partner products, providing customers with the industry's state-of-the-art line of spam defense.

About Secure Computing:

Secure Computing , a leading provider of enterprise gateway security, delivers a comprehensive set of solutions that help customers protect their critical Web, email and network assets. Over half the Fortune 50 and Fortune 500 are part of our more than 20,000 global customers in 106 countries, supported by a worldwide network of more than 2,300 partners. The company is headquartered in San Jose, Calif., and has offices worldwide. For more information, see http://www.securecomputing.com/.

All trademarks used herein are the property of their respective owners. This press release contains forward-looking statements regarding the free web service that provides users with a behavior-based view of the messaging and web reputation of their domains, and such statements involve a number of risks and uncertainties. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are technical difficulties, delays in product development, undetected software errors or bugs, competitive pressures, and the risk factors detailed from time to time in Secure Computing's periodic reports and registration statements filed with the Securities and Exchange Commission.

CONTACTS: Ally Zwahlen Ross Levanto Secure Computing Schwartz Communications 925-288-4175 781-684-0770 Ally_zwahlen@securecomputing.com ciphertrust@schwartz-pr.com (Logo: http://www.newscom.com/cgi-bin/prnh/20060808/LATU027LOGO )

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AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Secure Computing Corporation

CONTACT: Ally Zwahlen of Secure Computing, +1-925-288-4175,
Ally_zwahlen@securecomputing.com; or Ross Levanto of Schwartz Communications,
+1-781-684-0770, ciphertrust@schwartz-pr.com, for Secure Computing

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

Wireless & Internet Veteran Joins Linktone Board of Directors

Former Yahoo! Executive Allan Kwan Succeeds Director David Wang

SHANGHAI, China, May 15 /Xinhua-PRNewswire/ -- Linktone Ltd. , a leading provider of wireless interactive entertainment products and services to consumers in China, today announced that Allan Kwan was appointed to the Company's Board of Directors effective May 14, 2007. Kwan succeeds David Wang who is resigning from the Board due to other commitments, and will serve as a Class 1 Director of the Company.

Wang stated: ''It has been my pleasure to serve as a director of Linktone. I believe that the Company is well-positioned to achieve long-term value for its shareholders.'' Mr. Wang had been a Linktone director since the Company's initial public offering in March of 2004.

''On behalf of the Board of Directors and Linktone's management, I would like to extend our sincere thanks to David. His extensive contributions are most appreciated by the Company,'' said Michael Li, CEO of Linktone.

Kwan, age 48, is a Venture Partner on behalf of Oak Investment Partners, where he consults on investment opportunities and portfolio company operations in Asia. Prior to joining Oak, Kwan served in various executive roles at Yahoo! Inc. spanning six years. Most recently, Kwan was Vice President of Yahoo! International, following Yahoo!'s US$1B investment into Alibaba.com in August 2005. Kwan also has served as Yahoo!'s Managing Director of North Asia regional operations. Prior to Yahoo!, Kwan was Chairman and Chief Executive Officer of Asia.com. Kwan has also spent more than six years at Motorola Inc., where he served as an Officer and led the paging products division in Greater China. Kwan's high tech career started with a decade of service at Nortel across engineering, product development, distribution, and marketing.

''With more than 24 years of leadership in telecommunications, Internet and public companies, Allan's extensive experience and successful track record made him a natural candidate to succeed David on our Board, and we look forward to benefiting from his expertise,'' stated Chairperson of the Board, Elaine LaRoche.

''I'm pleased to join Linktone, an innovator and leader in wireless interactive entertainment services and products geared towards the Chinese consumer market,'' said Kwan. ''I look forward to working with my fellow directors and the Linktone management to assist the company in achieving long- term value for its shareholders and partners.''

About Linktone Ltd.

Linktone Ltd. is a leading provider of wireless interactive entertainment products and services in China. Linktone provides a diverse portfolio of services to wireless consumers, with a particular focus on media, entertainment and communications. These services are promoted through the Company's own marketing channels and through the networks of the mobile operators in China. Through in-house development and alliances with international and local branded content partners, the Company develops, aggregates, and distributes innovative and engaging products to maximize the breadth, quality and diversity of its offerings. Linktone categorizes China's wireless services landscape as ''MAGIC'' -- Music, Advanced Gaming, Graphics, Instant Messaging and Community.

For more information, please contact: Edward Liu Linktone Ltd. Tel: +86-21-6361-1583 Email: edward.liu@linktone.com Brandi Piacente The Piacente Group, Inc. Tel: +1-212-481-2050 Email: brandi@thepiacentegroup.com

Linktone Ltd.

CONTACT: Edward Liu of Linktone Ltd., +86-21-6361-1583, or
edward.liu@linktone.com; or Brandi Piacente of The Piacente Group, Inc.,
+1-212-481-2050, or brandi@thepiacentegroup.com

Xbox 360 Lets No. 1 Dads and A+ Grads Get Their Game OnCelebrate Father's Day or graduation with great gifts inspired by Xbox 360 and Games for Windows.

REDMOND, Wash., May 15 /PRNewswire-FirstCall/ -- Tired of lackluster responses to the same old neckties, sweater vests and engraved gold pens? This year with your favorite dads and grads, score some serious points (in more ways than one) when you reward their hard work and dedication with gifts inspired by the Xbox 360(TM) video game and entertainment system. Whether your dads and grads prefer to rock out in front of a crowd or make a hole-in-one on a quiet course, both will have a blast all year long with the latest games and accessories from Xbox 360. And, if you're lucky, they may share with the entire family.

(Logo: http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO ) Great Gifts for Dedicated Dads

Being a great dad is hard work: the soccer games, the rides to school, the late nights waiting up on the couch. After everything he's done for you, doesn't Dad deserve a chance to enjoy himself? This Father's Day, you and Xbox 360 can make sure Dad has a little fun for a change.

o Xbox 360 Elite

For the dad who deserves the very best, the new Xbox 360 Elite is the console that offers the ultimate gaming and entertainment experience. Shellacked in black with metallic detail, the Xbox 360 Elite includes a 120GB hard drive, a high-definition multimedia interface (HDMI) port, a high- definition cable, a wireless controller and an Xbox 360 Headset. Does your dad deserve any less?

ERP $479.99 o "Guitar Hero II" (Xbox 360)

What better way to let Dad know you're his No. 1 fan than a chance to rock out in front of a whole stadium of fans? With the revolutionary X-Plorer Guitar Controller and more than 70 jaw-dropping tracks, Dad can say thanks with a performance of "Sweet Child O' Mine." The whole family can join in on the fun with cooperative mode, or go head-to-head in Pro Face-Off mode to determine once and for all the real rock star of the house. Let's face it; the family that rocks together stays together.

Rated T (Teen); ERP $89.99 o "Forza Motorsport 2" and the Xbox 360 Wireless Racing Wheel (Xbox 360)

Can't decide whether to get Dad a Ferrari or a Porsche this Father's Day? With "Forza Motorsport(TM) 2," give him both and throw in a Lamborghini. The sequel to the award-winning, fully customizable driving simulator "Forza Motorsport," this game allows Dad to collect, tune and hit the road with more than 300 of the world's hottest cars. Pedal-pushing pops will appreciate an unparalleled racing experience with the Xbox 360 Wireless Racing Wheel, featuring cutting-edge technology such as dual rumble motors and powerful force feedback.

Rated E (Everyone); ERP $59.99 Xbox 360 Wireless Racing Wheel: ERP $149.99 o "Tiger Woods PGA Tour 07" (Xbox 360)

"Fore" the dad who is on par for greatness, "Tiger Woods PGA Tour 07" allows Dad to experience one of his favorite sports from the living room sofa. With Tiger Woods and other pros breathing down his neck, Dad will survive the pressure-packed world of championship golf from Pebble Beach's plush fairways to the treacherous winds at Bandon Dunes. Dad will tee off as one of the best as he joins 15 of the world's top players on newly licensed championship courses.

Rated E (Everyone); ERP $59.99 o "NCAA Football 08" (Xbox, Xbox 360)

Give Dad a chance to relive his glory years as a top college athlete ... regardless of whether he actually made the team. With in-season recruiting, coaching contracts and the deepest stat-tracking system ever, Dad can build his alma mater into a collegiate powerhouse and then share the highlights with college buddies on Xbox LIVE(R) via the NCAA(R) Photo Album. Featuring unprecedented graphics that capture every moment in complete detail - from the authenticity of the stadiums, mascots and marching bands to the true-to-life look and feel of the players on the field - "NCAA Football 08" delivers the most realistic college football experience ever.

Rated E (Everyone); ERP $59.99 o "Flight Simulator X" (Games for Windows)

A game that has been flying high for two decades, "Flight Simulator X" puts your dad in the cockpit as he experiences what it's like to be an aviator traveling the globe solo or online with others. With more than 50 new missions to choose from, dads will be able to captain the flight deck of dozens of new aircraft, including the Aircreation 582SL Ultralight and Maule M7-260C Orion with wheels and skis. Through enhanced graphics that take full advantage of Windows Vista(TM), dads will experience the thrill of flight in beautifully rich and realistic locations around the globe, whether they choose to be the pilot, copilot or air traffic controller. Interact with other aviators around the world chatting online in real time via headset and keyboard. Plus, you can take off and land from 24,000 airports with fully simulated jetways, fuel trucks and moving baggage carts. With the state of gas prices, there's no better way to travel this summer.

Rated E (Everyone); ERP $49.95 o "Halo 3" Pre-order (Xbox 360)

Make sure the Master Chief of the house has a reserved copy of the most anticipated game of the year. Dad will be counting down the days until the release of "Halo(R) 3," the third chapter in the highly successful and critically acclaimed "Halo" franchise. With next-generation high-definition graphics and new weapons, vehicles and more, this is an international phenomenon dads will not want to miss.*

Rated M (Mature); ERP Legendary Edition $129.99, Limited Edition $69.99, Standard Edition $59.99

Duncan Mackenzie, Xbox(R) Dad columnist and family gaming expert, knows just how much dads appreciate a Father's Day gaming treat. "My family knows that the latest games from Xbox 360 are at the top of my Father's Day wish list, but seeing how much fun my wife and kids have playing games together, I have to wonder who they're really buying games for," he said. To check out Duncan's tips for fun and safe family gaming, visit the Xbox Dad column on Xbox.com: http://www.xbox.com/en-us/community/personality/xboxdad.

Great Gifts for Groovy Grads

Graduating is no small feat, and learning to navigate the real world can be just as tricky. Let the grads in your life know that you recognize their hard work with a chance to kick back with the best in entertainment from Xbox 360.

o Xbox 360 Elite

A special gift for the A+ grad, Xbox 360 Elite comes packed with components and accessories for the ultimate high-definition entertainment experience. Cramped dorm room? Xbox 360 Elite doubles as a media center to watch DVDs, listen to music and download entertainment of all kinds through Xbox LIVE - with a 120GB hard drive to store it all. The console's black finish and signature metallic detailing lets grads know that they're at the top of the class.

ERP $479.99 o Xbox LIVE Video Chat Gold Kit

As grads embark on college life, they can keep in touch with family back home or their friends across the miles using the Xbox LIVE Video Chat Gold Kit. The Kit includes an Xbox LIVE Vision camera, a 12-month Xbox LIVE Gold Membership, an Xbox 360 Headset, downloads of three full-version Xbox LIVE Arcade games and 200 Microsoft(R) Points. From the living room to the dorm room, your favorite grad will love being able to chat and play games across the miles with family and friends, using a television.

Xbox LIVE Vision Camera: ERP $39.99 Xbox LIVE Video Chat Gold Kit: ERP $79.99 o Xbox 360 Wireless Gaming Receiver for Windows (Games for Windows)

There's a reason why gamers choose the Xbox 360 Wireless Controller over other game pads: It delivers a mean combination of precision, speed and accuracy. Now gamers can bring the power of Xbox 360 accessories to their Windows(R) XP- or Windows Vista-based PC with the Xbox 360 Wireless Gaming Receiver for Windows.

As a great gift for a grad or yourself, the Xbox 360 Wireless Gaming Receiver for Windows opens up a whole new world of Windows gameplay by allowing the Xbox 360 Wireless Controller for Windows, Xbox 360 Wireless Headset and Xbox 360 Wireless Racing Wheel to work on your Windows Vista- or Windows XP-based PC.

Xbox 360 Wireless Gaming Receiver: ERP $19.99

Xbox 360 Wireless Controller for Windows (receiver and controller): ERP $59.95

o "Dance Dance Revolution UNIVERSE" (Xbox 360)

For the grad who's sure to be the life of the dorm room party, help her boogie down with "Dance Dance Revolution UNIVERSE(TM)." Designed exclusively for Xbox 360, the game features all new nonstop mega mixes, more than 70 new songs, and a variety of difficulty levels for both beginners and dancing kings and queens. With a souped-up version of the original Workout mode, "Dance Dance Revolution UNIVERSE" is the perfect game to get grads off the couch and cuttin' some rug.

Rated E10 (Everyone 10+); ERP $49.99 for software only; $79.99 for bundle (software and dance mat)

o "Guitar Hero II" (Xbox 360)

Give grads a chance to rock out with "Guitar Hero II" for Xbox 360, featuring more than 70 songs and the revolutionary X-Plorer Guitar Controller. Your grad's Xbox 360 console will be the rock 'n' roll center of the dorms, as new friends jam with multiplayer modes or enroll in Rock Star 101 with practice modes. With Xbox LIVE, grads can grab exclusive new songs, themes and picture packs, and find out how they rank on the "Guitar Hero II" leaderboard.

Rated T (Teen); ERP $89.99 o "Major League Baseball 2K7" (Xbox 360)

Looking for the perfect gift for the grad who's always a hit? Congratulate him for blasting one out of the ballpark with the top-selling "Major League Baseball 2K7(R)." Featuring true, next-generation visuals, the revolutionary "Signature Style" animation system and fantasy drafts for online leagues, the game lets grads experience all the action of the major leagues. Gameplay is enhanced with commentary from All-Star duo Jon Miller and Hall of Famer Joe Morgan and a killer soundtrack including songs by Nirvana, Sublime and The Stooges.

Rated E (Everyone); ERP $59.99 o Xbox LIVE Arcade

Xbox LIVE Arcade is your grad's destination for trying, buying and downloading great games, including puzzle games, card and board titles, retro arcade favorites, and action games. With new games released each week, "3D Ultra Minigolf Adventures," "Pinball FX" and "PAC-MAN(R)" are just a few of the games grads will enjoy.

-- "3D Ultra Minigolf Adventures" (Sierra Entertainment Inc., 800 Microsoft Points). Up to four players can join the minigolf fun on a variety of clever mind-bending, imaginative courses and animated, stylish 3-D characters. In "3D Ultra Minigolf Adventures," gamers collect over-the-top power-ups and play through imaginative traps across three major theme courses: Classic Carnival, Old West and Outer Space. "3D Ultra Minigolf Adventures" also includes a customizable course editor that allows gamers to build their own courses.

-- "Pinball FX" (ZEN Studios Ltd., 800 Microsoft Points). A unique pinball experience for novices and experts alike, "Pinball FX" sets a new pinball video game standard with its realistic ball physics and graphical detail. Go for the high score on Xbox LIVE leaderboards by playing on three vibrant, 3-D pinball tables. Gamers also will have the option to download additional tables in the future. Experience real-time, head-to-head mode for online multiplayer competition for up to four players.

-- "PAC-MAN" (Namco Bandai Games America Inc., 400 Microsoft Points). One of the all-time classic video games, "PAC-MAN" for Xbox LIVE Arcade will take you down a memory maze, with original gameplay and hundreds of levels. The graphics have been upgraded to high-definition but still maintain the charm and retro look of the original coin-op arcade machine.

Father's Day is June 17 and graduation is right around the corner, so now's the time to make sure that both dads and grads will be singing your praises when they receive the latest from Xbox 360. Whether it's the newest puzzle game from Xbox LIVE Arcade or the top-of-the-line Xbox 360 Elite console, there's a gift for every deserving dad and grad on your list.

About Xbox 360

Xbox 360 is the most powerful video game and entertainment system, delivering the best games, the next generation of the premier Xbox LIVE online gaming network and unique digital entertainment experiences that revolve around gamers. Xbox 360 has a catalog of more than 160 high-definition games and is available in 37 countries. More information can be found online at http://www.xbox.com/xbox360.

About Xbox LIVE

Xbox LIVE is the first and most comprehensive unified online entertainment network seamlessly integrated throughout the entire console experience, making it easy for people to find the friends, games and entertainment they want from the moment they power on their Xbox 360 system. Xbox LIVE connects millions of members across 25 countries to enjoy hundreds of multiplayer games, downloadable games via Xbox LIVE Arcade, free and premium playable game demos, music videos, TV shows and movies in the United States as well as new game levels, characters and vehicles for all their favorite retail games. More information can be found online at http://www.xbox.com/en-us/live.

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.

* The "Halo 3" multiplayer beta will require gamers to have access to an Xbox 360 console equipped with a hard drive as well as an Xbox LIVE Gold Membership.

NOTE: Microsoft, Xbox 360, Forza Motorsport, Xbox LIVE, Windows Vista, Halo, Xbox and Windows 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.

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PRN Photo Desk photodesk@prnewswire.com Microsoft Corp.

CONTACT: Kristen Banach, +1-323-202-1034, or kristen.banach@edelman.com,
or Alexanne Brown, +1-206-268-2263, or alexanne.brown@edelman.com, both of
Edelman, for Microsoft

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

BabyUniverse Announces 1st Quarter and Continuing Performance of BabyTV.comInternet Broadcast and Social Network site demonstrates significant increase in content offering, visitors, program viewership and advertisers

JUPITER, Fla., May 15 /PRNewswire-FirstCall/ -- BabyUniverse, Inc. , a leading Internet content, commerce, and new media company in the pregnancy, baby and toddler marketplace, announced that BabyTV.com has experienced significant growth in its content offering, visitors/viewership and advertisers since its launch in late December 2006.

-- Unique visitors to BabyTV.com increased from 4,790 in January, its first operating month, to a current average of over 160,000 monthly unique visitors. -- Viewership of the '24/7' programming schedule, as measured by the delivery of linear video streams, has increased from 12,293 video streams in January to a current average of over 180,000 monthly video streams. -- Average length of visit per viewer continues to gain momentum, from 2.8 minutes in January to a current average stay of 6.6 minutes. -- The number of advertisers increased from 5 boutique-level advertisers in early January to a current slate of over 50 well known brands. Notable major brand advertisers now include American Express, Ancestry.com, Baby Einstein, Cingular, Dell, Hitachi, Microsoft, Monster.com, OralB, Ritz Camera, TIAA CREF Investment, Tivo, Verizon, and Washington Mutual. These new advertisers join our existing partners in the baby products marketplace including BabyPlanet, BOB Strollers, Bugaboo, Chicco, Combi, Evenflo, Kolcraft, Medela, and Skip*Hop. -- The BabyTV.com video library has increased during the first quarter to over 350 titles of unique programming from content partners Alpha Mom, Oxygen Network, HarperCollins/Newscorp, The HealthCentral Network, and MomMe TV. BabyTV.com's most recent content agreement with Real Savvy Moms(TM) brings an additional 31 segments of award-winning programming to the BabyTV.com content offering. -- In April 2007, BabyTV.com produced and aired its first original programming, JPMA Live, in partnership with the Juvenile Products Manufacturers Association (JPMA). Broadcasting 'live' from the trade show floor, BabyTV.com provided parents with an unprecedented early look at new product lines in the baby and juvenile marketplace. As a demonstration of its ability to acquire and produce high-quality, low-cost video content, BabyTV.com attracted sufficient advertising support to achieve a profit through the production of its very first live broadcast event. -- BabyTV.com has received noteworthy news coverage since its launch, with features in the Wall Street Journal, The Chicago Tribune, and Entertainment Weekly; as well many parenting focused blog sites and publications.

"At its current pace, BabyTV.com is showing the steady growth in viewers, content and capabilities necessary to become one of the leading parenting resource sites on the Internet," said John Textor, chairman and chief executive officer of BabyUniverse. "The interest we've seen in BabyTV.com, as well as the influx of programming partners and advertisers, suggests that we are moving in the right direction in creating an unprecedented new media hybrid that is distinctive and valuable within the parenting content marketplace."

More About BabyTV.com

Launched in late 2006 to viewers through the Internet, BabyTV.com brings a rich user experience with high quality video content and interactive functionality for parents, parents-to-be, and caregivers. BabyTV.com offers an extensive catalog of streaming television programming targeted to new and expectant parents from recognized experts throughout the industry.

Viewers can tune into the 24/7 linear schedule of programming and video-on-demand (VOD) library filled with entertaining and informative videos; share self-produced videos through the MyBabyTV section of the site; and easily use interactive functionality to share their opinions about BabyTV content by providing feedback on specific videos, participate in polls, and post original comments in video forums. BabyTV also offers a library of text-based articles written by industry experts that are available to users of the site.

About BabyUniverse, Inc.

BabyUniverse, Inc. is a leading Internet content, commerce and new media company in the pregnancy, baby and toddler marketplace. Through its websites, BabyUniverse.com and DreamtimeBaby.com, the company is a leading online retailer of brand-name baby, toddler and maternity products in the United States. Through its websites PoshTots.com and PoshLiving.com, the company has extended its offerings in the baby and toddler market as a leading online provider of luxury furnishings to the country's most affluent female consumers. Through BabyTV.com, PoshCravings.com and ePregnancy.com, BabyUniverse has also established a recognized platform for the delivery of content and new media resources to a national audience of expectant parents. BabyUniverse is pursuing a dual strategy of organic growth and acquisition growth that is designed to establish BabyUniverse as the leader in the online baby marketplace. Beyond the baby segment, the company intends to leverage its growing platform to acquire other female-oriented content, commerce and new media companies. The overall objective of BabyUniverse is to establish a market-leading content, commerce and new media business focused on the high-growth female marketplace.

BabyUniverse and its affiliates operate a multi-channel portfolio of Internet properties, including e-commerce sites such as http://www.babyuniverse.com/, http://www.poshtots.com/, http://www.poshliving.com/ and http://www.dreamtimebaby.com/, and content sites such as http://www.poshcravings.com/, http://www.epregnancy.com/, and http://www.babytv.com/.

Additional Information About the Merger with eToys Direct, Inc. and Where to Find It

This document does not constitute an offer of any securities for sale. The proposed transaction between BabyUniverse and eToys Direct, Inc. will be submitted to BabyUniverse's shareholders for their consideration. In connection with the proposed merger, BabyUniverse will file a registration statement, a proxy statement/prospectus and other materials with the SEC. WE URGE INVESTORS TO READ THE REGISTRATION STATEMENT AND THE PROXY STATEMENT/PROSPECTUS AND THESE OTHER MATERIALS CAREFULLY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT BABYUNIVERSE, ETOYS DIRECT, INC. AND THE PROPOSED MERGER. Investors can obtain more information about the proposed transaction by reviewing the Form 8-K filed by BabyUniverse in connection with the announcement of the transaction and any other documents filed with the SEC when they become available. Investors will be able to obtain free copies of the proxy statement/prospectus (when available) as well as other filed documents containing information about BabyUniverse at http://www.sec.gov/, the SEC's Web site. Free copies of BabyUniverse's SEC filings are also available on BabyUniverse's Web site at http://www.babyuniverse.com/.

Participants in the Solicitation

BabyUniverse and its executive officers and directors may be deemed, under SEC rules, to be participants in the solicitation of proxies from BabyUniverse's shareholders with respect to the proposed merger. Information regarding the officers and directors of BabyUniverse is included in its Annual Report on Form 10-K for the year ended December 31, 2006 filed with the SEC on April 2, 2007. More detailed information regarding the identity of potential participants, and their direct or indirect interests, by securities holdings or otherwise, will be set forth in the proxy statement/prospectus and other materials to be filed with the SEC in connection with the proposed merger.

Special Note Regarding Forward-Looking Statements

This press release contains forward-looking statements that involve risks and uncertainties relating to future events or our future financial performance. These statements involve known and unknown risks, uncertainties and other factors that may cause the actual results to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, factors detailed in our Securities and Exchange Commission filings. You are advised to consult further disclosures we may make on related subjects in our future filings with the Securities and Exchange Commission.

In some cases, you can identify forward-looking statements by terminology such as "may," "could," "should," "expect," "plan," "intend," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of such terms or other comparable terminology. These statements are only predictions. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements.

BabyUniverse, Inc.

CONTACT: Georgianne Brown of BabyUniverse, +1-561-277-6405, or
georgianne.brown@babyuniverse.com; or Jim Hughes of Fleishman-Hillard,
+1-213-489-8221, or jim.hughes@fleishman.com, for BabyUniverse

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

AerCap Holdings N.V. Reports First Quarter 2007 Financial Results

AMSTERDAM, Netherlands, May 15 /PRNewswire-FirstCall/ --

Highlights -- First quarter 2007 net income was $60.5 million, up 70% over first quarter 2006. -- We changed our method of accounting for certain maintenance obligations as required by the issuance of a FASB Staff Position. The results for first quarter 2007 and 2006 include the application of the new method. -- First quarter 2007 basic and diluted earnings per share were $0.71, up 58% over first quarter 2006. -- First quarter 2007 revenue was $309.5 million, up 123% over first quarter 2006. -- Sales revenue in the first quarter 2007 totaled $148.9 million and were generated from the sale of five aircraft, ten engines and sale of parts inventory. -- Total assets were $4.0 billion at March 31, 2007, a 27% increase over total assets of $3.2 billion at March 31, 2006. -- Committed purchases of aviation assets for the full year 2007 are $746 million, of which $248 million were purchased in the first quarter of 2007. -- We closed a refinancing of debt on 70 aircraft on May 8, 2007 through the issuance of $1.66 billion of securitized bonds. -- We signed an agreement for the purchase of an additional 10 new A330- 200 aircraft with Airbus on May 14, 2007. Summary of Financial Results

AerCap Holdings N.V. (the "Company" or "AerCap") announced the results of its operations for the quarter ended March 31, 2007. The Company recorded net income for the first quarter 2007 of $60.5 million, or $0.71 per basic and diluted common share. This result represents an increase of 70% over the net income for the first quarter 2006. Klaus Heinemann, CEO of AerCap, commented, "Our strong net income in the first quarter 2007 reflects the successful operation of our integrated business model in a healthy industry environment. With the increase of our A330 forward order commitment with Airbus from 20 to 30 aircraft, the total number of aircraft under contract or letter of intent, now equals 121. This committed growth provides us with increased economies of scale for future operations and positions us to take advantage of customer demand for new technology aircraft in the future." AerCap's CFO, Keith Helming, added, "Our strong first quarter performance as compared to the prior year first quarter is evidence of the execution of our growth strategy and improvement of the economics in the aircraft operating lease industry."

Detailed Financial Data ($ in Millions) Operating results % increase over First Quarter 2007 First Quarter 2006 First Quarter 2006 Revenues $309.5 $139.1 123% Net income 60.5 35.5 70% Revenue breakdown: % increase (decrease) over First Quarter First Quarter First Quarter 2007 2006 2006 Lease revenue $139.7 $87.9 59% Sales revenue 148.9 33.2 348% Management fees, interest income and other revenue 20.9 17.9 17% Total revenue $309.5 $139.0 123% Effective tax rate

The effective tax rate for our aircraft business was 13.2% and was 38% for our engine and parts business, resulting in an overall consolidated effective tax rate of 14.3% during the first quarter 2007. We have adopted FIN 48 "Accounting for Uncertainty in Income Taxes - an interpretation of FASB Statement No. 109" effective January 1, 2007. The adoption of FIN 48 was immaterial to our financial statements.

Financial position % Increase over March 31, March 31, March 31, 2007 2006 2006 Flight equipment held for lease $3,076.8 $2,280.1 35% Total assets 4,030.1 3,174.8 27% Total liabilities 3,184.6 2,695.2 18% Total equity 813.8 455.2 79%

As of March 31, 2007, our portfolio consisted of 341 aircraft and 71 engines that were either owned, on order, under contract or letter of intent, or managed. The number of aircraft and engines in our portfolio increased 35% since March 31, 2006 (303 aircraft and 2 engines).

ALS Securitization Refinancing

On May 8, 2007 we completed a refinancing of ALS, a securitization vehicle we established in September 2005, with the issuance of $1.66 billion of securitized bonds in one class of AAA-rated G-3 floating rate bonds. The proceeds from the refinancing, in addition to the issuance to AerCap of new class E-2 junior notes were used to redeem $812.1 million of G-1A, G-2A, C-1 and D-1 classes of ALS debt and to finance 28 additional aircraft that had been secured by a variety of other debt structures within the AerCap group. Net cash proceeds to AerCap after payment of all expenses and repayment of previously existing debt on the securitized aircraft total approximately $150 million. The G-3 bonds issued were priced at one-month LIBOR + 26 basis points. We estimate that the interest savings from this refinancing will be approximately $16 million per year, excluding any additional earnings generated from the reinvestment of the cash proceeds. Coincident with the ALS refinancing, the AerFunding warehouse was amended and restructured, resulting in a reduced interest rate spread and a two year extension to the revolving period. The size of the AerFunding facility remains $1.0 billion, which provides us with significant committed debt funding capacity for future acquisitions. As a result of the ALS refinancing, we expect to incur charges in the second quarter of 2007 of approximately $26 million for the write-off of unamortized debt issuance costs from the refinanced debt in addition to ALS bond prepayment and other related fees.

Maintenance Adjustment

On September 8, 2006, the Financial Accounting Standards Board issued FSP No. AUG AIR-1 ''Accounting for Planned Major Maintenance Activities'' ("FSP"). The FSP amends certain provisions in the AICPA Industry Audit Guide, "Audit of Airlines" and is applicable for our financial year beginning January 1, 2007. The FSP eliminates the "accrue in advance" methodology in accounting for certain future maintenance payments. As a result of the FSP, our previous method of accruing for the payment of top-up or lessor contribution obligations at the signing of a lease is no longer permitted. Accordingly, we have adjusted our historical financial statements in accordance with Statement of Financial Accounting Standards No. 154 "Accounting Changes and Error Corrections" ("FAS 154") to reflect the application of the new policy for top- up and lessor contribution obligations. Under our new policy, we will recognize an expense at the time of the occurrence of a lessor contribution or top-up payment, except in instances where we have established an accrual as an assumed liability for such payment, in connection with the purchase of an aircraft with a lease attached.

Following is a summary of the full-year 2005 and full-year 2006 effect of the adjustment on each financial statement line item affected by the change:

As Originally Effect of Reported As Adjusted Adjustment Year ended December 31, 2005 (A) Lease revenue $348.9 $335.7 $(13.2) Sales revenue 92.1 88.3 (3.8) Depreciation 112.3 112.4 0.1 Leasing expenses 21.9 27.4 5.5 Income tax provision 14.7 10.0 (4.7) Net income 83.4 65.5 (17.9) Year ended December 31, 2006 Depreciation 102.4 102.5 0.1 Leasing expenses 47.4 21.5 (25.9) Income tax provision 16.3 21.2 4.9 Net income 88.0 108.9 20.9 (A) The figures above for the year ended December 31, 2005 include the aggregation of results for the six months ended June 30, 2005 for AerCap B.V. (the predecessor company) and the results for the period from June 27, 2005 to December 31, 2005 for AerCap Holdings N.V. (the successor company). Of the net income impact of the maintenance adjustment of ($17.9) million, $0.4 million relates to the period from June 27, 2005 to December 31, 2005. The aggregation of these two periods is not in accordance with US GAAP as AerCap B.V. and AerCap Holdings N.V. are different reporting entities for accounting purposes. This aggregated information is presented for information purposes only. The following table presents the originally reported US GAAP results by period: Six Months Period from June 27, 2005 Non-GAAP Ended June to December Aggregation 30, 2005 31, 2005 of Periods Lease revenue $175.3 $173.6 $348.9 Sales revenue 79.6 12.5 92.1 Depreciation 66.4 45.9 112.3 Leasing expenses 9.7 12.2 21.9 Income tax provision (4.1) (10.6) (14.7) Net income 33.7 49.7 83.4 There is no impact on our cash flows from the change in accounting policy. Notes Regarding Financial Information Presented In This Press Release The financial information presented in this press release is not audited. Annual General Meeting of Shareholders

The Company held its 2006 annual general meeting (AGM) of shareholders on May 11, 2007 in Amsterdam. The AGM adopted the annual accounts and voted for all other items which required a vote.

Conference Call

In connection with the earnings release, management will host an earnings conference call on Tuesday, May 15, 2007 at 9:30 A.M. eastern time. All interested parties are welcome to participate on the live call. The conference call can be accessed by (800) 218-9073 (U.S. domestic) or 001 303 262-2211 (International); there is no passcode.

A webcast of the conference call will be available at http://www.aercap.com/.

For those who are not able to listen to the live call a replay will be available through May 22, 2007 and can be accessed by dialing toll-free (800) 405-2236 (U.S. domestic) or 001 303 590-3000 (International), pass code 11088128.

About AerCap Holdings N.V.

AerCap is an integrated global aviation company with a leading market position in aircraft and engine leasing, trading and parts sales. AerCap also provides aircraft management services and performs aircraft and engine maintenance, repair and overhaul services and aircraft disassemblies through its certified repair stations. AerCap has a fleet of over 300 aircraft owned, managed or under contracted orders and a diversified commercial engine portfolio. AerCap is headquartered in The Netherlands and has offices in Ireland and the United States.

Forward Looking Statements

Certain items in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including, but not necessarily limited to, statements relating to future operations. Words such as "expect(s)" and similar expressions are intended to identify such forward-looking statements. These statements are based on management's current expectations and beliefs and are subject to a number of factors that could lead to actual results materially different from those described in the forward-looking statements. AerCap's expectations may not be attained. There are important factors that could cause actual results, level of activity, performance or achievements to differ from the results, level of activity, performance or achievements expressed or implied in the forward-looking statements. In light of these risks, uncertainties and assumptions, the future performance or events described in the forward-looking statements in this press release may not occur. Accordingly, you should not rely upon forward-looking statements as a prediction of actual results and we do not assume any responsibility for the accuracy or completeness of any of these forward-looking statements. Such forward-looking statements speak only as of the date of this press release. AerCap expressly disclaims any obligation to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with regard thereto or change in events, conditions or circumstances on which any statement is based.

For more information regarding AerCap and to be added to our email distribution list, please visit http://www.aercap.com/.

Financial Statements Follow AerCap Holdings N.V. Consolidated Balance Sheets - Unaudited (In thousands of U.S. Dollars) December 31, 2006 March 31, 2007 (adjusted) March 31,2006 Assets Cash and cash equivalents $140,103 $131,201 $252,516 Restricted cash 99,459 112,277 130,542 Trade receivables, net of provisions 32,458 25,058 7,444 Flight equipment held for operating leases, net 3,076,815 2,969,111 2,280,121 Notes receivables, net of provisions 166,344 167,451 171,170 Prepayments on flight equipment 150,621 166,630 122,514 Investments 16,091 18,001 5,056 Goodwill 6,776 6,776 - Intangibles 49,080 34,229 35,290 Inventory 72,115 82,811 - Derivative assets 18,764 17,871 23,638 Deferred income taxes 88,939 97,841 90,515 Other assets 112,489 92,431 55,944 Total Assets $4,030,054 $3,921,688 $3,174,750 Liabilities and Shareholders' equity Accounts payable $7,222 $6,958 $3,491 Accrued expenses and other liabilities 70,828 92,466 68,218 Accrued maintenance liability 261,653 263,563 163,327 Lessee deposit liability 72,591 77,686 55,094 Term debt 2,665,987 2,555,139 2,245,256 Accrual for onerous contracts 72,718 111,333 130,008 Deferred revenue 29,065 28,391 23,712 Derivative liabilities - - 6,053 Deferred income taxes 4,490 3,383 - Total liabilities 3,184,554 3,138,919 2,695,159 Minority interest 31,685 31,938 24,400 Ordinary share capital 699 699 646 Additional paid-in capital 593,999 591,553 369,354 Retained earnings 219,117 158,580 85,191 Total shareholders' equity 813,815 750,832 455,191 Total Liabilities and Shareholders' equity $4,030,054 $3,921,688 $3,174,750 AerCap Holdings N.V. Consolidated Income Statements - Unaudited (In thousands of U.S. Dollars, except per share data) Three months ended March 31, 2007 (A) 2006 Revenues Lease revenue $139,703 $87,941 Sales revenue 148,885 33,215 Interest revenue 7,272 8,934 Management fee revenue 3,025 3,681 Other revenue 10,587 5,322 Total Revenues 309,472 139,093 Expenses Depreciation 33,968 24,360 Cost of goods sold 118,003 20,502 Interest on term debt 50,484 28,203 Operating lease in costs 6,237 6,356 Leasing expenses 4,032 4,528 Provision for doubtful notes and accounts receivable (141) (1,298) Selling, general and administrative expenses 26,585 11,133 Total Expenses 239,168 93,784 Income from continuing operations before income taxes and minority interest 70,304 45,309 Provision for income taxes (10,019) (10,423) Net income before minority interest 60,285 34,886 Minority interest, net of taxes 252 600 Net Income $60,537 $35,486 Basic and diluted earnings per share $0.71 $0.45 Weighted average shares outstanding - basic and diluted 85,036,957 78,236,957 (A) - Includes the results of operations of AeroTurbine AerCap Holdings N.V. Consolidated Statements of Cash Flows - Unaudited Three months ended March 31, 2007 2006 Net income 60,537 35,486 Adjustments to reconcile net income to net cash provided by operating activities Minority interest (252) (600) Depreciation and amortisation 33,968 24,360 Amortisation of debt issuance cost 1,708 1,821 Amortisation of intangibles 1,944 3,281 Gain on elimination of fair value guarantee (10,736) - Provision for doubtful notes and accounts receivable (141) (1,298) Capitalised interest on pre- delivery payments (1,564) (1,367) Gain on disposal of assets (24,961) (12,713) Change in fair value of derivative instruments (893) (7,252) Deferred taxes 10,009 10,089 Share-based compensation 2,446 - Changes in assets and liabilities Trade receivables and notes receivable, net (6,152) 25,880 Inventories 10,779 - Other assets (7,498) (1,013) Accounts payable and accrued expenses, including accrued maintenance liability, lessee deposits (51,185) (24,333) Deferred revenue 674 1,703 Net cash provided by operating activities 18,683 54,044 Purchase of flight equipment (223,585) (108,250) Proceeds from sale/disposal of assets 126,905 33,215 Prepayments on flight equipment (18,650) (28,000) Purchase of investments - (2,056) Purchase of intangibles (16,794) - Movement in restricted cash 12,818 27,188 Net cash used in investing activities (119,306) (77,903) Issuance of term debt 246,503 133,057 Repayment of term debt (135,655) (60,797) Debt issuance costs paid (1,459) (4,210) Capital contributions from minority interests - 25,000 Net cash provided by financing activities 109,389 93,050 Net (decrease) increase in cash and cash equivalents 8,766 69,191 Effect of exchange rate changes 136 (229) Cash and cash equivalents at beginning of period 131,201 183,554 Cash and cash equivalents at end of period 140,103 252,516

AerCap Holdings

CONTACT: Investors: Keith Helming, Chief Financial Officer,
+011-31-20-655-9670, khelming@aercap.com; Peter Wortel, +011-31-20-655-9658,
pwortel@aercap.com, both of AerCap Holdings; Media: Frauke Oberdieck,
Corporate Communications, +011-31-20-655-9616, foberdieck@aercap.com

Seismic Exchange Uses Isilon IQ to Advance Oil and Gas DiscoveryIsilon IQ Enables Leading Seismic Data Exchange Company to Maximize the Value of Critical Data Assets in the Highly Competitive Oil and Gas Market

SEATTLE, May 15 /PRNewswire-FirstCall/ -- Isilon(R) Systems , the leader in clustered storage, today announced that Seismic Exchange, Inc. (SEI(R)) has deployed Isilon IQ as the central repository for its massive library of proprietary 3D seismic data. SEI is using Isilon IQ, powered by Isilon's OneFS(R) operating system software, to unify more than 30,000 total square miles of 3D seismic imaging data into one seamlessly expandable pool of high-performance storage. Using Isilon IQ, SEI has dramatically accelerated the delivery of its vital stores of seismic information, providing its customers with a competitive advantage in the high- stakes race of oil and gas exploration.

"Seismic data literally fuels oil and gas discovery, as it provides critical information that underpins the ability to efficiently and cost- effectively locate and extract new oil and gas reserves," said Scott Custer, Infrastructure Manager, SEI. "As a seismic data provider, we must be able to access our data sets immediately and reliably, 24x7x365, and then process it quickly and accurately to provide our customers with the highest quality information to drive their operations. With Isilon IQ, we know our data is always available and secure, enabling us to focus on growing our business and stop worrying about storage management."

Prior to Isilon IQ, SEI had deployed a traditional SAN-based architecture to manage their catalog of 3D seismic data. This legacy system saddled SEI's operations with undue complexity and low data performance, slowing its geoscientist's ability to process and deliver seismic data. With the traditional SAN system, SEI's geoscientists were forced to pull large, 3D files off of the SAN, save the data to a local client, process it, and then save the new versions back to the SAN -- a tedious process that created performance bottlenecks and hindered productivity. Now, by deploying Isilon IQ to unify its 3D seismic data into one, single, seamlessly expandable file system and single volume, SEI's geoscientists can access and manage the data directly on the Isilon clustered storage, enabling a dramatic increase in productivity and project turnaround. Additionally, Isilon IQ delivers consistently high data performance, allowing SEI to accurately predict project completion times to better serve their customers' needs.

"As the price per barrel for oil continues to climb, the premium on quality seismic data -- which is absolutely vital to successful oil and gas discovery -- is rising in parallel and creating new opportunities for companies that provide this critical information," said Brett Goodwin, VP of Marketing & Business Development, Isilon Systems. "However, seismic data is only valuable if it is accurate, and deliverable on demand. SEI's success in speeding access to their data and accelerating their business operations with Isilon IQ is exemplary of how leading oil and gas companies are using clustered storage to power the next phase of global oil and gas discovery."

To deliver high quality seismic data to its customers, SEI must not only store and immediately access its vast data stores on an around the clock basis, but also run a wide variety of standard seismic processing applications to correctly format the data for interpretation and use. This process requires a network of both Windows and Linux clients running data management applications concurrently to meet deadlines and deliver accurate results. By deploying Isilon IQ, which is completely interoperable with both Windows and Linux, SEI and their cross-platform integrator Network Touch, along with the Houston Information Team, created a high performance, heterogeneous computing environment which allows SEI's geoscientists to seamlessly process seismic data with no network interruptions.

Powered by OneFS, Isilon IQ delivers the industry's first single file system that unifies and provides instant and ubiquitous access to the rapidly growing stores of digital content and unstructured data, eliminating the cost and complexity barriers of traditional storage architectures. OneFS is a unified operating system software layer that powers all of Isilon's award- winning IQ family of clustered storage systems including the Isilon IQ 200, 1920, 3000, 6000, Accelerator, and EX 6000. Isilon also provides a robust suite of software applications including SnapshotIQ(TM), SmartConnect(TM), MigrationIQ(TM) and SyncIQ(R) that leverage OneFS and clustered storage, providing the highest levels of data protection and automated data management.

About Isilon Systems

Isilon Systems is the worldwide leader in clustered storage systems and software for digital content, enabling enterprises to transform data into information -- and information into breakthroughs. Isilon's award-winning family of IQ clustered storage systems combines Isilon's OneFS operating system software with the latest advances in industry-standard hardware to deliver modular, pay-as-you-grow, enterprise-class storage systems. Isilon's clustered storage solutions speed access to critical business information while dramatically reducing the cost and complexity of storing it. Information about Isilon can be found at http://www.isilon.com/.

About Seismic Exchange, Inc. (SEI)

Seismic Exchange, Inc. (SEI(R)) is a full service 2D and 3D seismic data marketing firm established in 1975, with offices located in Dallas, Houston, Denver, New Orleans, Oklahoma City, Corpus Christi and Tulsa, and with a strong presence in Lafayette, Jackson, Midland, and Bakersfield. SEI owns more than 1,745,000 miles of domestic 2D proprietary seismic data and has over 11,300 square miles of domestic onshore and transition zone 3D proprietary data, plus over 19,500 square miles of 3D proprietary data in the Gulf of Mexico. SEI offers a comprehensive seismic search department to expedite requests for data availability. Information about SEI can be found at http://www.seismicexchange.com/.

The names of companies mentioned herein are the trademarks of their respective owners.

Isilon Systems

CONTACT: Lucas Welch of Isilon Systems, +1-206-315-7621,
lucas.welch@isilon.com; or Harry Duffey of Network Touch, LTD,
+1-713-721-6403, harry@networktouch.com, or Ken Clark of Houston Information
Team, LLC, +1-713-436-0397, kclark@houit.com, both for Isilon Systems

Web site: http://www.isilon.com/
http://www.seismicexchange.com/

Atlantis Holding Corp Signs LOI With Quad Dimensional Products for Product License

TUSTIN, Calif., May 15 /PRNewswire-FirstCall/ -- Atlantis Holding Corp (Pink Sheets: AHDG) is pleased to announce that it has signed a letter of intent with Quad Dimensional Products of Philadelphia, Pennsylvania to acquire a license for a unique line of containers that can be provided with 3D lenticular printing for specialty advertising and promotional marketing.

Atlantis Holding Corp intends to add these new products to the existing 3D lenticular business product lines offered by its wholly-owned subsidiary company, Z-Max Dimensional Products, Inc. Terms of the license have yet to be finalized, but will probably include the U.S. distribution rights for several select markets for these products. Several patents have been filed and received on the design of these containers and the application of 3D lenticular printing. These containers can be produced in various sizes and dimensions, and can be sold to the food and beverage industry, as well as many other potential applications for retail merchandising.

Atlantis Holding Corp is a publicly-traded company (AHDG) currently trading on the OTC Pink Sheets with three operating divisions: the Energy, Environmental and Engineering Division, the Automotive Division and the new Dimensional Media Products Division. For more information on Atlantis Holding Corp please refer to the company Internet website at http://www.atlantisholdingcorp.com/.

Investor Relations Contact: Chuck Prebay Atlantis Holding Corp Phone: 714-258-7070 E-mail: chuck.prebay@atlantisholdingcorp.com Disclaimer

This press release may contain forward-looking statements that are inherently subject to risks and uncertainties, some of which cannot be predicted, or quantified. Future events and actual results could differ materially from those projected on the basis of such forward-looking statements. Such forward-looking statements are made based upon management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise.

Atlantis Holding Corp

CONTACT: Chuck Prebay of Atlantis Holding Corp, +1-714-258-7070,
chuck.prebay@atlantisholdingcorp.com

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

The Allied Defense Group's Subsidiary, Global Microwave Systems, Receives Distinguished Innovation AwardGMS Wins STAR Award at NAB2007

VIENNA, Va., May 15 /PRNewswire-FirstCall/ -- The Allied Defense Group, Inc. announces its Global Microwave Systems (GMS) subsidiary was awarded the highly coveted TV Technology Star Award given by the editorial staff of TV Technology magazine at the National Association of Broadcasters (NAB2007) trade show.

Now in its seventh year, the STAR Awards (for Superior Technology Award Recipient) are designed to celebrate and showcase the preeminent technological innovations available to the broadcast industry. A panel of judges consisting of TV Technology editors and columnists reviewed a variety of products, examined the technical applications and their overall contribution to the industry, and then submitted their award nominees.

The award was given to GMS for its Messenger Two transmitter (M2T). The M2 series products incorporate the AVC/ H.264 (MPEG-4, part 10) compression standard, the latest in video encoding technology. M2 can process all standard and high definition video formats up to 1080p with only 45 mS of latency.

Sam Nasiri, President of GMS said, "We believe that in a short time, all wireless-camera links will employ AVC compression to transmit High Definition (HD), as well as Standard Definition video formats. As always, we are proud to be a leader in HD video deployment."

Major General (Ret) John J. Marcello, Chief Executive Officer and President of The Allied Defense Group, said, "We continue to see recognition of GMS as an innovation leader in the wireless industry and are proud of this latest award. GMS expects to release this product for production in the next 60 days."

About Global Microwave Systems

Global Microwave Systems (GMS) is a full service engineering and development company. Incorporated in 1990, GMS pioneered the development of technologically advanced communications products for the commercial television broadcast and law enforcement surveillance industries. GMS designs and manufactures miniature and sub-miniature FM and digital transmitters, receivers, and related equipment for investigative, surveillance, and security applications, and live TV news/sports/entertainment coverage. To learn more about GMS, please visit their web site: http://www.gmsinc.com/.

About The Allied Defense Group, Inc.

The Allied Defense Group, Inc. is a diversified international defense and security firm which: develops and produces conventional medium caliber ammunition marketed to defense departments worldwide; designs, produces and markets sophisticated electronic and microwave security systems principally for European and North American markets; manufactures battlefield effects simulators and other training devices for the military; and designs and produces state-of-the-art weather and navigation software, data, and systems for commercial and military customers.

For more Information, please visit the Company web site: http://www.allieddefensegroup.com/

Certain statements contained herein are "forward looking" statements as such term is defined in the Private Securities Litigation Reform Act of 1995. Because statements include risks and uncertainties, actual results may differ materially from those expressed or implied and include, but are not limited to, those discussed in filings by the Company with the Securities and Exchange Commission.

For More Information, Contact: Crystal B. Leiderman Director, Investor Relations 800-847-5322

The Allied Defense Group, Inc.

CONTACT: Crystal B. Leiderman, Director, Investor Relations of The
Allied Defense Group, Inc., +1-800-847-5322

Web site: http://www.allieddefensegroup.com/
http://www.gmsinc.com/

SAP and Novell Deliver Expanded Linux Support Options for CustomersCompanies Further Relationship to Offer Long-Term Support and Maintenance Strategy for Linux as an Open Platform for SAP(R) Applications

VIENNA, Austria, May 15 /PRNewswire-FirstCall/ -- SAP AG and Novell today announced that they have extended their relationship to offer a new joint support solution for customers who run their SAP(R) applications on SUSE(R) Linux Enterprise Server from Novell(R). With today's announcement, customers who run their SAP applications on SUSE Linux Enterprise Server now have a single support entry point, from the operating system through the application, to streamline resolution of support incidents, reduce complexity and lower the total cost of ownership. Branded as "SUSE Linux Enterprise Server Priority Support" for SAP applications, the offering is available starting today and is a maintenance and support package provided by Novell that will be integrated through the SAP(R) Solution Manager application management solution into the SAP global support backbone for managing the entire life cycle of SAP applications. Through this agreement, SAP continues its commitment to deliver value to customers who choose to run open source and commercial software based on open standards. The announcement was made at SAPPHIRE(R) '07 Vienna, SAP's international customer conference being held in Vienna, Austria, May 14 - 16.

(Logo: http://www.newscom.com/cgi-bin/prnh/20050310/SFTH009LOGO-a)

Novell and SAP plan to work together in the future to further optimize SUSE Linux Enterprise Server for SAP application platforms, including SAP NetWeaver(R), and SAP Business Suite. Further, SAP recommends SUSE Linux Enterprise Server as a preferred platform for customers who want to deploy SAP applications on Linux. The combination of SAP Business Suite on SUSE Linux Enterprise Server will provide consistent manageability of SAP applications in mixed, open source and commercial software environments.

"Customers want choice, and since most of them run heterogeneous IT environments, using both open source and commercial software, we recognize the need to make service and support as smooth as possible," said Gerhard Oswald, member of the executive board, Global Service and Support, SAP AG. "SAP has a long-standing commitment to the open source community, including working with key technical standards organizations to create interoperability with commercial software. Our agreement with Novell makes it truly possible for companies to get long-term support and maintenance when deploying SAP applications on Linux, and continues to illustrate the openness and flexibility of business process platforms enabled by SAP and focused on the business and technical standards that drive business process agility and innovation."

SUSE Linux Enterprise Server Priority Support for SAP applications is focused on optimizing price performance for customers' mission-critical workloads and includes volume discounts designed for application configurations. Customers who purchase in the next 90 days will receive an additional discount on the first year. Please visit http://www.sdn.sap.com/ or http://www.novell.com/sapsupport for further details.

"This deal is an example of two industry leaders coming together on behalf of customers," said Ron Hovsepian, president and CEO, Novell. "Both SAP and Novell have heard from our customers that they are looking for a complete stack solution, from the operating system up to the application, with an integrated source of technical support that will help them lower cost and reduce complexity. SUSE Linux Enterprise Server is a recommended Linux distribution and internal development platform for SAP applications, and its further optimization will deliver the performance, reliability, scalability that customers demand when running their operations on SAP."

An Integrated and Supported Linux Solution for SAP Customers

In the future, SAP and Novell plan to explore other ways in which to further optimize SUSE Linux Enterprise Server for an SAP applications environment. The two vendors have a longstanding relationship working together, including having SUSE Linux Enterprise Server as a development platform for SAP applications, a scalable part of the infrastructure available via SAP Developer Network (SDN). The companies have previously announced several joint technical solutions including an optimized high-availability solution. By leveraging the scalability of SUSE Linux Enterprise Server -- including its ability to scale to 1024 CPUs and more than 10TB of physical memory -- Novell and SAP can offer a Linux-based solution with the performance required by customers who run their mission-critical business operations on SAP applications.

For quotes from hardware vendors and systems integrators on today's announcement, please see addendum to the press release

About Novell

Novell, Inc. delivers infrastructure software for the Open Enterprise. Novell is a leader in enterprise-wide operating systems based on Linux and open source and provides the enterprise management services required to operate mixed IT environments. Novell helps customers minimize cost, complexity and risk, allowing them to focus on innovation and growth. For more information, visit http://www.novell.com/.

About SAP

SAP is the world's leading provider of business software*. Today, more than 39,400 customers in more than 120 countries run SAP(R) applications -- from distinct solutions addressing the needs of small businesses and midsize companies to suite offerings for global organizations. Powered by the SAP NetWeaver(R) platform to drive innovation and enable business change, SAP software helps enterprises of all sizes around the world improve customer relationships, enhance partner collaboration and create efficiencies across their supply chains and business operations. SAP solution portfolios support the unique business processes of more than 25 industries, including high tech, retail, financial services, healthcare and the public sector. With subsidiaries in more than 50 countries, the company is listed on several exchanges, including the Frankfurt stock exchange and NYSE under the symbol "SAP." (Additional information at )

(*) SAP defines business software as comprising enterprise resource planning and related applications such as supply chain management, customer relationship management, product life-cycle management and supplier relationship management.

Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should" and "will" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.

Copyright (C) 2007 SAP AG. All rights reserved. SAP, R/3, mySAP, mySAP.com, xApps, xApp, SAP NetWeaver and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries all over the world. All other product and service names mentioned are the trademarks of their respective companies. Data contained in this document serve informational purposes only. National product specifications may vary.

Note to Editors

Webcasts, keynotes, presentations and podcasts from SAPPHIRE '07 Vienna will be available as of Monday, May 14 at http://www.sapsapphire.com/emea2007/replays.epx. To review the announcements, keynote presentations and other content from SAPPHIRE '07 Atlanta, held in Atlanta, Georgia, April 22-25, visit SAPPHIRE '07 Atlanta Online, http://www.sapsapphire.com/usa2007/podcast.epx and http://www.sapsapphire.com/usa2007/webcastsandreplays.epx. Broadcast-standard video content about SAP is available at http://www.thenewsmarket.com/sap. Registration on the site and video is free to the media.

For customers interested in learning more about SAP products: Global Customer Center: +49 180 534-34-24 United States Only: 1 (800) 872-1SAP (1-800-872-1727)

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AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com SAP AG

CONTACT: Kevan Barney of Novell, +1-801-861-2931, kbarney@novell.com,
MDT; or Jason Loesche, +1-610-661-8541, j.loesche@sap.com, EDT; Angelika
Pfahler, +49-0-6227-7-63596, angelika.pfahler@sap.com, CET; SAP Press Office,
+49-6227-7-46315, CET or +1-610-661-3200, press@sap.com, EDT; all of SAP AG;
During SAPPHIRE (from May 14 to 16), to speak with press contacts on site,
please dial the SAP press room at +49-6227-7-74069

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

Addendum to Press Release: 'SAP and Novell Deliver Expanded Linux Support Options for Customers'Quotes from Partners Supporting SAP-Novell Agreement

VIENNA, Austria, May 15 /PRNewswire-FirstCall/ -- "Today's announcement that SUSE Linux Enterprise Server from Novell will be integrated into the SAP Solution Center is good news for AMD customers who enjoy choice and demand high-performing solutions. SAP on the SUSE Linux Enterprise platform is a strong example of the customer-centric industry collaboration that AMD supports working with technology partners like SAP and Novell."

Terri Hall, AMD Vice President, Software Alliances and Commercial Systems Marketing

(Logo: http://www.newscom.com/cgi-bin/prnh/20050310/SFTH009LOGO-a )

"As a leading IT professional services organization, we are constantly delivering the best out of technology to our customers, and in particular these days the capability to combine proprietary solutions and open standards. For this reason, Capgemini has developed a strong relationship with Novell and we are extremely excited by SAP's endorsement of SUSE Linux Enterprise Server, which fits our vision of the needs of our customers. As a global strategic partner of SAP, we look forward to further collaborating with Novell and SAP on joint projects."

Patrick Nicolet, Capgemini Group Sales Director

"Dell is answering the call from customers to deliver complete solutions that help simplify their IT operations. We're accomplishing this by aligning with industry leaders like Novell and SAP who share our goal of helping customers reduce the complexity of their heterogeneous data center environments so they can focus on growing their business."

Judy Chavis, Dell Product Group Director of Enterprise Marketing and Alliances

"Customers are rapidly moving to next-generation Linux-based IT architectures and they are demanding best-of-breed technologies that are integrated and well supported. Novell and SAP share our vision for mission-critical Linux in the Dynamic Data Center. With FlexFrame for SAP we offer a proven dynamic IT solution with business-critical SUSE Linux Enterprise support. Customer feedback shows that our FlexFrame with Linux provides a maximum of adaptability, availability and cost efficiency of SAP systems running on SUSE Linux Enterprise Server. The new offering from SAP and Novell support will enable us to provide enterprises with stress-free IT operations, to increase reliability and improve application availability at dramatically lowered costs."

Bernd Kosch, Fujitsu Siemens Computers Vice President, Alliances

"When industry leaders align, as Novell and SAP have today, it's customers that ultimately benefit as they are better able to manage and transform their IT environments to optimize business outcomes. HP has worked closely with SAP and Novell for many years to develop, test and validate Linux-based solutions. HP server platforms have always been the right fit. As a proof point, a recently announced two-tier SAP Sales and Distribution Standard Application Benchmark running on an HP ProLiant DL380 server with SUSE Linux Enterprise from Novell earned the top 2-processor Linux result. Our joint customers can deploy SAP solutions confident in the knowledge that they have the power of HP, SAP and Novell behind them."

Christine Martino, HP Vice President, Open Source & Linux Organization

"Both Novell and SAP are long-time partners of IBM, with SAP's offerings frequently deployed on IBM servers at both large and small customers. Strengthening SAP on the SUSE Linux Enterprise platform is a natural move, and we're thrilled to see Novell and SAP collaborate on behalf of customers."

Jim Stallings, IBM General Manager, System z

SOURCE SAP AG

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AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com

CONTACT: Kevan Barney of Novell, +1-801-861-2931, kbarney@novell.com,
MDT; or Jason Loesche, +1-610-661-8541, j.loesche@sap.com, EDT; Angelika
Pfahler, +49-0-6227-7-63596, angelika.pfahler@sap.com, CET; SAP Press Office,
+49-6227-7-46315, CET or +1-610-661-3200, press@sap.com, EDT; all of SAP AG;
During SAPPHIRE (from May 14 to 16), to speak with press contacts on site,
please dial the SAP press room at +49-6227-7-74069

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

BabyUniverse Reports 2007 First Quarter Results

JUPITER, Fla., May 15 /PRNewswire-FirstCall/ -- BabyUniverse, Inc. announced today its financial results for the quarter ended March 31, 2007.

BabyUniverse announced the following: - Net sales for the first quarter of 2007 totaled $8.5 million, compared to net sales of $8.7 million for the fourth quarter of 2006 and $9.5 million for the first quarter of 2006. - Net loss for the first quarter of 2007 was $1,743,680 or $0.31 per share compared to a net loss of $2,044,656 or $0.36 per share for the fourth quarter of 2006 and a net loss of $196,721 or $0.04 per share, for the first quarter of 2006. - Contributing to the reduced loss for the first quarter of 2007 compared to the fourth quarter of 2006 was an increase in gross profit for the first quarter of 2007 by 12.4% to $2,452,543 or 28.7% of net sales, as compared to gross profit of $2,181,758 or 25.1% of net sales for the fourth quarter of 2006.

Results for the first quarter of 2006 reflect financial and operating conditions of BabyUniverse.com, DreamTimeBaby.com and PoshTots.com which were substantially operating independently prior to the company's previously described integration and restructuring efforts.

Commenting on the first quarter of 2007, John Textor, Chairman and CEO, said: "Our proposed merger with eToys Direct is progressing as per our expectations. We hope to be in a position to file our merger proxy statement shortly and hope that the merger will close in the third quarter of this year."

Mr. Textor continued: "As outlined in our recent fourth quarter earnings call, our overall business as related to revenue generation and cost savings initiatives effectively remains in a holding pattern pending the completion of the above-discussed merger with eToys. Notwithstanding the delay in these business improvement initiatives, we are encouraged by a number of positive trends:"

- Our first quarter roll out of BabyTV.com, our flagship new media property, has met or exceeded our expectations related to new visitor growth, low cost content acquisition, acceptance by strategic partners and advertisers and overall market visibility. - Unique visitors to this site increased from less than 5,000 people in January to a current run rate of over 160,000 monthly unique visitors while viewership of our programming has increased from 12,293 linear video streams in January to a current run rate of over 180,000 linear video streams per month. Furthermore, our average length of visit per viewer continues to gain momentum, increasing from 2.8 minutes in January to a current average stay of 6.6 minutes. - Net sales at DreamtimeBaby.com, which were greatly affected by the company's integration and restructuring process, have continued their recovery by increasing 23.5% to $1,778,482 in the first quarter of 2007 as compared to net sales of $1,439,533 in the fourth quarter of 2006. - Net sales at PoshTots.com, which generally were not affected by the integration, increased 22.2% to $2,241,584 in the first quarter of 2007 as compared to net sales of $1,834,102 for the first quarter of 2006.

Commenting on the recent quarters, Mr. Textor stated, "In the most recent two quarters we made significant investments in a business that is intending to transform itself from a pure eCommerce business model into a balanced business model that combines, in complementary fashion, the businesses of eCommerce and content/new media. Expenses related to these strategic initiatives were designed to position our company for a business combination that would enable the company to implement this balanced business model on a significantly larger scale.

Mr. Textor concluded, "As we witnessed the reduction of our overall operating expenses from the fourth quarter of 2006 into the first quarter of 2007, we are pleased to have seen early evidence that such a balanced content and commerce business model is attractive. Our BabyUniverse.com eCommerce business is now benefiting from increased visibility of product offerings through BabyTV.com, while our new media business at BabyTV.com is experiencing significant increases in audience through its promotional positioning on the front page of BabyUniverse.com. These successes, and the above-described positive trends of the first quarter of 2007 as compared to the fourth quarter of 2006, suggest that we have regained traction as we work to conclude the proposed merger transaction with eToys Direct."

The Company will host a conference call today May 15, 2007 at 8:00 a.m. EDT to discuss its 2007 first quarter financial results. An audio replay of this call will be available for five business days after we file a Form 8-K, which includes a transcript of the call as an exhibit, with the Securities and Exchange Commission, and can be accessed by dialing (888) 203-1112 (toll-free) or (719) 457-0820 (toll call) and referencing replay passcode 4670013. This conference call may contain forward-looking statements and other material information regarding BabyUniverse's financial and operating results.

The conference call will also be webcast live through the BabyUniverse Investor Relations website at http://investor.babyuniverse.com/events.cfm. A replay of the audio webcast will be available after the conference call through the Investor Relations link on the BabyUniverse website, http://www.babyuniverse.com/, or directly at http://investor.babyuniverse.com/events.cfm after the Company files a Form 8-K, which includes a transcript of the call as an exhibit, with the Securities and Exchange Commission.

About BabyUniverse, Inc.

BabyUniverse, Inc. is a leading Internet content, commerce and new media company in the pregnancy, baby and toddler marketplace. Through its websites, BabyUniverse.com and DreamtimeBaby.com, the company is a leading online retailer of brand-name baby, toddler and maternity products in the United States. Through its websites, PoshTots.com and PoshLiving.com, the company has extended its offerings in the baby and toddler market as a leading online provider of luxury furnishings to the country's most affluent female consumers. Through BabyTV.com, PoshCravings.com and ePregnancy.com, BabyUniverse has also established a recognized platform for the delivery of content and new media resources to a national audience of expectant parents. BabyUniverse is pursuing a dual strategy of organic growth and acquisition growth that is designed to establish BabyUniverse as the leader in the online baby marketplace. Beyond the baby segment, the company intends to leverage its growing platform to acquire other female-oriented content, commerce and new media companies. The overall objective of BabyUniverse is to establish a market-leading content, commerce and new media business focused on the high- growth female marketplace.

BabyUniverse and its affiliates operate a multi-channel portfolio of Internet properties, including e-commerce sites such as http://www.babyuniverse.com/, http://www.poshtots.com/, http://www.poshliving.com/ and http://www.dreamtimebaby.com/, and content sites such as http://www.poshcravings.com/, http://www.epregnancy.com/, and http://www.babytv.com/.

Additional Information About the Merger with eToys Direct, Inc. and Where to Find It

This document does not constitute an offer of any securities for sale. The proposed transaction between BabyUniverse and eToys Direct, Inc. will be submitted to BabyUniverse's shareholders for their consideration. In connection with the proposed merger, BabyUniverse will file a registration statement, a proxy statement/prospectus and other materials with the SEC. WE URGE INVESTORS TO READ THE REGISTRATION STATEMENT AND THE PROXY STATEMENT/PROSPECTUS AND THESE OTHER MATERIALS CAREFULLY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT BABYUNIVERSE, ETOYS DIRECT, INC. AND THE PROPOSED MERGER. Investors can obtain more information about the proposed transaction by reviewing the Form 8-K filed by BabyUniverse in connection with the announcement of the transaction and any other documents filed with the SEC when they become available. Investors will be able to obtain free copies of the proxy statement/prospectus (when available) as well as other filed documents containing information about BabyUniverse at http://www.sec.gov/, the SEC's Web site. Free copies of BabyUniverse's SEC filings are also available on BabyUniverse's Web site at http://www.babyuniverse.com/.

Participants in the Solicitation

BabyUniverse and its executive officers and directors may be deemed, under SEC rules, to be participants in the solicitation of proxies from BabyUniverse's shareholders with respect to the proposed merger. Information regarding the officers and directors of BabyUniverse is included in its Annual Report on Form 10-K for the year ended December 31, 2006 filed with the SEC on April 2, 2007. More detailed information regarding the identity of potential participants, and their direct or indirect interests, by securities holdings or otherwise, will be set forth in the proxy statement/prospectus and other materials to be filed with the SEC in connection with the proposed merger.

Special Note Regarding Forward-Looking Statements

This press release contains forward-looking statements that involve risks and uncertainties relating to future events or our future financial performance. These statements involve known and unknown risks, uncertainties and other factors that may cause the actual results to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, factors detailed in our Securities and Exchange Commission filings. You are advised to consult further disclosures we may make on related subjects in our future filings with the Securities and Exchange Commission.

In some cases, you can identify forward-looking statements by terminology such as "may," "could," "should," "expect," "plan," "intend," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of such terms or other comparable terminology. These statements are only predictions. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements.

BabyUniverse, Inc. and Subsidiaries Consolidated Balance Sheets March 31, December 31, 2007 2006 (Unaudited) Assets Cash $1,217,322 $3,473,278 Accounts Receivable 632,309 732,186 Inventory, Net 1,832,839 2,048,485 Prepaid Expenses 613,716 331,457 Total Current Assets 4,296,186 6,585,406 Fixed Assets - Net 2,011,242 1,936,740 Intangible Assets - Net 2,752,190 2,811,627 Deposits 142,640 137,760 Goodwill 18,832,041 18,832,041 Total Assets $28,034,299 $30,303,574 Liabilities and Stockholders' Equity Accounts Payable $4,154,782 $4,664,107 Accrued Expenses 304,102 501,704 Gift Certificate Liability 148,463 115,192 Note And Capital Lease Payable - Current Portion 1,083,020 561,090 Deferred Revenue 770,301 787,758 Total Current Liabilities 6,460,668 6,629,851 Deferred Rent 227,411 189,542 Note And Capital Lease Payable - Long Term Portion 5,324,495 5,777,841 Total Liabilities 12,012,574 12,597,234 Stockholders' Equity Preferred Stock, $.001 par value, 10,000,000 shares authorized, no shares issued - - Common Stock, $.001 par value, 50,000,000 shares authorized, 5,686,470 shares issued and outstanding at March 31, 2007 and December 31, 2006 5,686 5,686 Additional Paid in Capital 24,002,254 23,943,189 Accumulated Deficit (7,986,215) (6,242,535) Total Stockholders' Equity 16,021,725 17,706,340 Total Liabilities and Stockholders' Equity $28,034,299 $30,303,574 BabyUniverse, Inc. and Subsidiaries Consolidated Statements of Operations For the Three Months Ended March 31, (Unaudited) 2007 2006 Gross sales $9,164,620 $9,997,810 Less - discounts & returns (626,544) (529,648) Net sales 8,538,076 9,468,162 Cost of goods sold 6,085,533 6,513,621 Gross profit 2,452,543 2,954,541 Operating expenses: Advertising 1,349,211 981,188 Salaries and benefits 1,218,005 793,050 Share based compensation 50,779 38,032 Technology 67,257 88,484 Restructuring - 116,585 General and administrative 1,292,621 1,049,005 Total operating expenses 3,977,873 3,066,344 Operating income (loss) (1,525,330) (111,803) Other income (expense): Interest income 31,229 47,293 Interest expense (249,579) (111,211) Income (loss) before provision for income taxes (1,743,680) (175,721) Provision for income taxes - 21,000 Net income (loss) ($1,743,680) ($196,721) Earnings (loss) per common share: Basic ($0.31) ($0.04) Diluted ($0.31) ($0.04) Weighted average common shares outstanding: Basic 5,686,470 5,296,308 Diluted 5,686,470 5,296,308 BabyUniverse, Inc. and Subsidiaries Consolidated Statements of Cash Flows For the Three Months Ended March 31, (Unaudited) Operating activities: 2007 2006 Net income (loss) ($1,743,680) ($196,721) Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: Depreciation and amortization 193,651 101,882 Share-based compensation 50,779 38,032 Amortization of prepaid finance costs 70,405 - Changes in operating assets and liabilities: (Increase) decrease in accounts receivable 99,877 (33,879) (Increase) decrease in inventory 215,646 (531,544) (Increase) in prepaid expenses (273,972) 30,264 (Increase) in deposits (4,880) (96,231) Increase (decrease) in accounts payable (509,325) 560,686 (Decrease) in accrued expenses (197,602) (31,777) Increase (decrease) in gift certificate liability 33,271 (12,994) (Decrease) increase in deferred revenue (17,457) 434,785 Increase in deferred rent 37,869 2,493 Net cash provided by (used in) operating activities: (2,045,418) 264,996 Investing activities: Purchase of fixed assets (208,716) (603,335) Cash paid in acquisition, net of cash received - (5,991,144) Net cash used in investing activities: (208,716) (6,594,479) Financing activities: Public offering costs - (14,742) Decrease in capital lease (1,822) (786) Net cash provided by financing activities: (1,822) (15,528) Net (decrease) increase in cash (2,255,956) (6,345,011) Beginning cash 3,473,278 9,925,806 Ending cash $1,217,322 $3,580,795

BabyUniverse, Inc.

CONTACT: Georgianne Brown for BabyUniverse, +1-561-277-6405,
georgianne.brown@babyuniverse.com; or Investor Contact: John Baldissera of
BPC Financial Marketing, 1-800-368-1217

Web site: http://www.babyuniverse.com/
http://investor.babyuniverse.com/events.cfm

Oxford University's Said Business School and Amdocs Hold Third International Media and Communications SummitAmdocs and Said Business School also embark on research on intentional customer experience

OXFORD, England, May 15 /PRNewswire-FirstCall/ -- The 3rd International Media and Communications Management Summit on Customer Experience Innovation -- Oxford University's Said Business School hosted the Customer Experience Innovation forum, sponsored by Amdocs , the leading provider of customer experience systems, yesterday. The summit focused on how service providers and media companies can create the intentional customer experience(TM) (ICE) -- one that is uniquely personal, consistently simple and immediately valuable -- the key to standing out from the competition and ensuring profitable customer relationships.

Building on Said Business School's previous two Media Management Summits, this year's event examined real strategies used to compete and win, including delivering content directly to mobile subscribers through different models; how media companies and operators should position themselves to make the most of the "on-portal" and "off-portal" media markets; what type of content consumers will pay for; and how important blogs are to consumers.

At this year's event, a unique gathering of academic, media and communications industry visionaries examined real strategies used to compete and win in the customer experience arena. Participants included:

-- Lawrence Aldridge, Senior Vice President, Corporate Alliances, The Walt Disney Company -- Chris Cramer, former Executive Vice President and Managing Director, CNN International -- Bob Crozier, Vice President and Publisher, Forbes International Editions -- Richard Cuthbertson, Research Fellow, Oxford Institute of Retail Management -- Tim Davie, Director of Marketing, Communications and Audiences, BBC -- Bill Diggins, Head of Digital Commerce for Media and Entertainment Qpass, Amdocs Digital Commerce Division -- Meg Geldens, Media Research, Man Securities -- Lisa Modisette, Vice President of Consulting, Customer Management Service Line, Amdocs -- Rene Olivieri, Chief Operating Officer, Wiley-Blackwell -- Wendy Seltzer, Fellow at Harvard's Berkman Center for Internet & Society and a Visiting Fellow at the Oxford Internet Institute -- Jonathan Wilson, Director of Marketing and Business Development, Wall Street Journal

Oxford University's Said Business School, in collaboration with Amdocs, has also embarked on important, ongoing research to bring academic rigor and real-world business sense to the application of ICE. Oxford is conducting a global market research study to identify the current state of ICE across a range of industries, including telecommunications, retail/grocery, airlines, financial services, and traditional media (e.g., print and television). Preliminary results of the survey are scheduled to be announced at the end of June and a whitepaper will be available in the fall 2007 timeframe.

"Oxford University's Said Business School is happy to be working closely with Amdocs in an ongoing research project looking into what has become a critical business concept: the intentional customer experience," said Richard Cuthbertson, senior research fellow, Oxford University. "By combining our academic research and rigor with Amdocs' 25 years of working with the world's largest, most complex service providers, we can start to develop the first- ever framework for understanding what it takes to deliver an intentional customer experience."

As part of this ongoing work, Oxford and Amdocs have launched the Customer Experience Center, an online forum dedicated to productive "dia-blog" about the customer experience. More information, including research, articles and blogs, can be found at http://www.customerexperiencecenter.org/.

"In our ever converging, and increasingly competitive world, delivering an intentional customer experience is an imperative for companies -- it is the only true source of differentiation they have," said Michael Matthews, chief marketing officer, Amdocs. "Their future depends on standing out from the pack, and maintaining profitable relationships. We are committed to this programme because we strongly believe in the value of this framework for our customers' future business."

About Said Business School

Established in 1996 the Said Business School is a full service business school and one of Europe's newest and fastest growing business schools. An integral part of Oxford University, the School embodies the academic rigour and forward thinking that has made Oxford a world leader in education. The School has an established reputation for research in a wide range of areas, including finance and accounting, organisational analysis, international management, strategy and operations management. The School is dedicated to developing a new generation of business leaders and entrepreneurs and conducting research not only into the nature of business, but the connections between business and the wider world. In the Financial Times ranking of MBA programmes (Jan 07), Said again improved its position and is ranked 19th in the world. This achievement follows the School's success in HM Treasury's 2005 ranking of the top 50 MBA programmes in the world, where it finished number one out of all the UK business schools. In the university league table published by The Guardian (May 2007), Said ranked first of all UK universities for undergraduate business. The University of Oxford also ranked top for business studies in The Times report published in June 2006. For more information, see http://www.sbs.ox.ac.uk/.

About Amdocs

Amdocs is the market leader in customer experience systems innovation, enabling world-leading service providers to deliver an integrated, innovative and the intentional customer experience(TM) -- at every point of service. Amdocs provides solutions that deliver customer experience excellence, combining the software, service and expertise to help our customers execute their strategies and achieve service, operational & financial excellence. A global company with revenue of $2.48 billion in fiscal 2006, Amdocs has over 16,000 employees and serves customers in more than 50 countries around the world. For more information, visit Amdocs at http://www.amdocs.com/.

Amdocs Forward-Looking Statement

This press release includes information that constitutes forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995, including statements about Amdocs' growth and business results in future quarters. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be obtained or that any deviations will not be material. Such statements involve risks and uncertainties that may cause future results to differ from those anticipated. These risks include, but are not limited to, the effects of general economic conditions, Amdocs' ability to grow in the business segments it serves, adverse effects of market competition, rapid technological shifts that may render the Company's products and services obsolete, potential loss of a major customer, our ability to develop long-term relationships with our customers, and risks associated with operating businesses in the international market. Amdocs may elect to update these forward-looking statements at some point in the future, however the Company specifically disclaims any obligation to do so. These and other risks are discussed at greater length in the Company's filings with the Securities and Exchange Commission, including in our Annual Report on Form 20-F for the fiscal year ended September 30, 2006, filed on December 13, 2006 and in our quarterly 6-K furnished on February 6 and May 11, 2007.

Media Contacts: Amdocs Darcy Hansen Amdocs Corporate Communications Tel: 201-631-3226 E-Mail: Darcy.Hansen@amdocs.com Oxford University Said Business School Clare Fisher, Head of PR, Said Business School Direct telephone +44 (0) 1865 288851 clare.fisher@sbs.ox.ac.uk Josie Powell, Public Relations Coordinator, Said Business School Direct telephone: +44 (0) 1865 288403 pressoffice@sbs.ox.ac.uk

Amdocs

CONTACT: Darcy Hansen of Amdocs Corporate Communications,
+1-201-631-3226, Darcy.Hansen@amdocs.com; or Clare Fisher, Head of PR of Said
Business School, Clare Fisher, +44 1865-288851, clare.fisher@sbs.ox.ac.uk; or
Josie Powell, Public Relations Coordinator of Said Business School,
+44 1865-288403, pressoffice@sbs.ox.ac.uk, both for Oxford University

Web site: http://www.amdocs.com/
http://www.sbs.ox.ac.uk/
http://www.customerexperiencecenter.org/

US $100,000 Prize Announced for First International Environmental Design Engineering Competition of its Kind

LONDON, May 15 /PRNewswire/ --

- With Photos

- Global Distributor Premier Farnell Offers Unique Package of Legal, Marketing and Design Support for 'Live Edge' Winner

Premier Farnell plc (LSE:PFL), one of the world's leading distributors of electronic components, has launched a major international design competition called 'Live Edge' - Electronic Design for the Global Environment. Farnell, a Premier Farnell business, will support the competition throughout Europe, Australia and New Zealand.

(Photo: http://www.newscom.com/cgi-bin/prnh/20070515/257112-a )

(Photo: http://www.newscom.com/cgi-bin/prnh/20070515/257112-b )

Electronics engineers, students and academics around the world are invited to submit designs for an innovative product that utilises electronic components and has a positive impact on the environment, for example by increasing energy efficiency or reducing carbon emissions. Full details are available at: www.live-edge.com

The winning entrant will receive a cash prize of US $50,000 as well as the support to move the design towards production. The support package, estimated to be worth an additional US $50,000, will include the services of an electronic design consultancy that will develop the design to prototype stage, assistance with legal matters and IP registration, marketing and publicity, as well as Premier Farnell's help in securing investment funding. The group will actively market the end product to millions of customers globally through their leading edge web page, catalogue and direct marketing.

In addition, up to five entrants will be eligible for 'honourable mentions', each receiving a cash prize of US $5,000.

A prestigious and influential panel of judges from around the world will be announced shortly. It will feature a mix of innovators, engineers, entrepreneurs, academics, industry leaders and environmental campaigners; it will be chaired by a leading figure from the electronics industry.

Reflecting the environmentally friendly theme of the competition, Live Edge will be largely web-based to avoid unnecessary international travel and transportation. For example, the judges will confer online and it will be possible to view the award ceremony on the competition website.

Harriet Green, Chief Executive Officer of Premier Farnell plc, commented: "Our planet is facing environmental threats on an unprecedented scale. By unleashing the creativity that exists within the electronics industry, we can make a difference to these global challenges. Live Edge will give electronics design engineers the opportunity to have a positive impact on the future and see their vision become a reality. Live Edge is a unique design challenge for the world". A virtual press briefing from Harriet Green is available now on the website.

The closing date for registration is October 31st 2007 and entries must be submitted by November 30th 2007. The competition is open to anyone aged 18 or over and the winner will be announced in January 2008.

About Premier Farnell

Premier Farnell plc (LSE:PFL) is a leading high service, multi-channel distributor of electronic, maintenance, repair and operation products and specialist services throughout Europe, the Americas and Asia Pacific. It goes to market with a differentiated value proposition, world-class marketing, a stocked range of 400,000+ products, and access to 4,000,000 more items from 3,000 top manufacturers. The company has group sales of GBP823.1m and 4470 employees globally.

While global in scope, Premier Farnell recognizes the individual needs of each market and has continued to internationalize its model accordingly, trading locally under different brand names. Its primary electronics businesses trade as Farnell in the UK, Europe, Australia and New Zealand, Newark in the US, Canada and Mexico, and Premier Electronics in China. In Singapore, Malaysia, Hong Kong and Brazil the operation is known as Farnell Newark. For more information visit the website at www.premierfarnell.com

Notes to Editors

High-resolution photographs accompanying this release are also available through the PA Photowire. They can be viewed at www.mediapoint.press.net or www.prnewswire.co.uk

Premier Farnell Plc

Contact details for publication and editorial enquiries: Jenny Peters, Head of Corporate Communications, Premier Farnell plc, Tel: +44-(0)207-851-4102, Mobile:+44-(0)-7921740548, Email: JPeters@Premierfarnell.com; Issued by: Lewis Tonkinson, director, Pinnacle Marketing Communications Ltd, Prosperity House, Dawlish Drive, Pinner, Middlesex, HA5 5LN, UK Email: lewis@pinnaclemarcom.com, Tel: +44-(0)-1564-770900, Web: www.pinnacle-marketing.com

Tricon Geophysics Deploys Isilon IQ to Transform Seismic Data Into Breathroughs in Oil and Gas Exploration

SEATTLE, May 15 /PRNewswire-FirstCall/ -- Isilon(R) Systems , the leader in clustered storage, today announced that Tricon Geophysics, Inc. has deployed Isilon IQ to power new breakthroughs in seismic data processing. Using Isilon IQ, powered by Isilon's OneFS(R) operating system software, Tricon Geophysics has unified vast stores of seismic data into one, seamlessly expandable shared pool of high performance storage to streamline workflows and dramatically accelerate seismic processing operations in the global race to discover new sources of energy.

"The individual productivity of each of our geoscientists is our most important metric. Utilizing Isilon clustered storage improves that metric and helps give Tricon a competitive edge. Tricon is poised for substantial growth over the next five years and we need a solution that offers us the speed and ease of use that the Isilon provides," said John Contino, Executive VP, Tricon Geophysics.

"With the price of gas currently hovering at more than $3.50 per gallon on average in the US alone, the demand for new oil and gas reserves is at an all-time high, leading to an increased demand for the seismic processing services that drive discovery of these incredibly valuable natural resources," said Brett Goodwin, VP of Marketing, Isilon Systems. "Successful seismic processing entails analysis of vast amounts of seismic data, which, in turn, requires a storage solution designed specifically for this class of data. By deploying Isilon IQ to power its seismic processing operations, Tricon has removed the burdensome management constraints of traditional storage systems and is fully prepared for its next phase of growth and expansion."

The processing of raw seismic data is an intense process involving massive land, marine and transition zone data sets, as well as reprocessing 2D seismic data sets. Tricon Geophysics provides the entire range of seismic processing services required to extract value from raw seismic data, including 2D and 3D seismic imaging, pre-stack time migration and pre-stack depth migration, and integrated reservoir services. By leveraging Isilon IQ, Tricon has been able to insert valuable, previously disparate data back into its primary operations, eliminate the need to maintain costly, legacy storage systems, and maximize the opportunities of its rapidly growing business.

"As the oil and gas industry reaches unprecedented levels of exploration and production, our business is expanding with new customer acquisition, while, at the same time, our current customers are returning more frequently with larger projects," said Bryan Matthey, Corporate IT Director, Tricon Geophysics. "With this dramatic growth comes a massive increase in the amount of raw and processed seismic data we need to efficiently store and access on an around-the-clock basis. Isilon IQ provides the high scalability, performance and unmatched ease of use we require to keep pace with our business and data growth and speed our operations, while also reducing IT cost and complexity."

Powered by OneFS, Isilon IQ delivers the industry's first single file system that unifies and provides instant and ubiquitous access to the rapidly growing stores of digital content and unstructured data, eliminating the cost and complexity barriers of traditional storage architectures. OneFS is a unified operating system software layer that powers all of Isilon's award- winning IQ family of clustered storage systems including the Isilon IQ 200, 1920, 3000, 6000, Accelerator, and EX 6000. Isilon also provides a robust suite of software applications including SnapshotIQ(TM), SmartConnect(TM), MigrationIQ(TM) and SyncIQ(R) that leverage OneFS and clustered storage, providing the highest levels of data protection and automated data management.

About Isilon Systems

Isilon Systems is the worldwide leader in clustered storage systems and software for digital content, enabling enterprises to transform data into information -- and information into breakthroughs. Isilon's award-winning family of IQ clustered storage systems combines Isilon's OneFS operating system software with the latest advances in industry-standard hardware to deliver modular, pay-as-you-grow, enterprise-class storage systems. Isilon's clustered storage solutions speed access to critical business information while dramatically reducing the cost and complexity of storing it. Information about Isilon can be found at http://www.isilon.com/.

NOTE: The names of companies mentioned herein are the trademarks of their respective owners.

Isilon Systems

CONTACT: Press Only, Lucas Welch of Isilon Systems, +1-206-315-7621,
lucas.welch@isilon.com

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

Protection One Announces First Quarter 2007 ResultsCompany's Monitoring Unit Reports Higher Revenue, Lower Attrition, Increase in RMR BaseCompany to conduct conference call to review results today at 8:30 a.m. Eastern Time

LAWRENCE, Kan., May 15 /PRNewswire-FirstCall/ -- Protection One, Inc. , one of the leading providers of security monitoring services in the United States, today reported unaudited financial results for the first quarter ended March 31, 2007.

Richard Ginsburg, Protection One's President and CEO, commented, "As we headed into our April 2, 2007 merger with IASG, our Protection One Monitoring reporting unit was delivering faster retail growth and lower attrition. Retail RMR (recurring monthly revenue) grew at an annualized rate of 2.9% in the first quarter of 2007 compared to a 1.2% rate during all of 2006. Net growth of retail RMR was aided by our third consecutive quarter of declining retail RMR cancels."

First Quarter 2007 Results

As noted above, the merger with IASG was consummated on April 2, 2007, thus the results described below reflect the performance of Protection One before the merger and exclude IASG's results.

The Company recorded total revenue of $68.7 million in the first quarter of 2007, an increase of 3.0% over the $66.7 million reported for the first quarter of 2006. Net loss in the first quarter of 2007 was $(5.3) million, or $(0.29) per share compared to $(2.5) million, or $(0.14) per share in the same period last year.

Monitoring and related services revenue in the first quarter of 2007 was $62.1 million, up 1.0% from the $61.5 million for the same period in 2006 due to higher average RMR in its Protection One Monitoring segment.

Our monitoring and related services margin decreased approximately $0.8 million due to (i) declining revenue in the Company's Network Multifamily reporting unit, (ii) the relatively higher costs of servicing our growing commercial base and (iii) maintaining and upgrading systems required to provide cellular-based monitoring services.

Other revenue increased by $1.4 million, of which $0.8 million was due to an increase in amortization of deferred customer acquisition revenue and $0.6 million was from our growing installation activity.

Principally as a result of $3.3 million of increased amortization of deferred customer acquisition costs, other cost of revenue and selling expenses increased by a combined $3.9 million in the first quarter of 2007 compared to the first quarter of 2006, from $16.0 million to $19.9 million. These deferred costs are reflected on our balance sheet and have grown significantly since adoption of pushdown accounting in early 2005. Partially offsetting these cost increases, general and administrative costs declined by $0.5 million and amortization and depreciation declined by approximately $1.6 million in the first quarter of 2007 compared to the same period one year ago.

As a result of the net increase in direct and operating costs, operating income in the first quarter of 2007 was $4.4 million compared to $5.6 million in the first quarter of 2006.

Total other expense, which consists mainly of interest expense, increased by $1.5 million to $9.5 million in 2007's first quarter, from $8.0 million in 2006. The increase reflects a higher average debt outstanding from borrowings made in connection with the Company's May 2006 special dividend. Total other expense also includes non-cash amortization of debt costs and discounts of $1.8 million in 2007 and $1.5 million in 2006.

The Company had 18,239,953 weighted average number of shares outstanding in the first quarter of 2007 compared to 18,212,887 in the first quarter of 2006.

Recurring Monthly Revenue

Recurring monthly revenue (RMR) as of March 31, 2007 was $20.1 million, up 0.9% from $19.9 million as of March 31, 2006. The Company's Protection One Monitoring reporting unit ended the first quarter of 2007 with $17.5 million RMR, up 1.9% from one year earlier. In the first quarter of 2007, this reporting unit added approximately $523,000 of retail RMR through internal sales efforts, 4.6% more than it added in the first quarter of 2006. That same reporting unit reduced retail RMR cancels by 7.9% in the first quarter of 2007 compared to the year earlier period, excluding the impact of Hurricane Katrina.

The Company's Network Multifamily reporting unit ended the first quarter of 2007 with $2.6 million RMR, down 5.8% from one year earlier. Though RMR additions and cancels were relatively unchanged in this year's first quarter compared to last year's, RMR cancels declined significantly on a sequential quarter basis.

See "Non-GAAP Reconciliations" below for a reconciliation of RMR to reported revenue.

Customer Attrition

Excluding the benefit of move-in accounts (new residents in locations with pre-existing Company alarm systems), the annualized first quarter 2007 gross retail customer attrition rate for the Protection One Monitoring reporting unit decreased to 10.7% from 11.6% during the first quarter of 2006. (Please note that all of the 2006 attrition numbers reported herein exclude the impact of Hurricane Katrina.) Calculated on a trailing 12 months basis ending March 31, the gross retail customer attrition rate decreased to 12.1% in 2007 from 12.6% in 2006.

Including the benefit of move-in accounts, the annualized first quarter 2007 net retail customer attrition rate for the Protection One Monitoring reporting unit decreased to 8.7% from 9.4% during the first quarter of 2006. Calculated on a trailing 12 months basis ending March 31, the net retail customer attrition was 9.9% in 2007 compared to 10.2% for the same quarter a year ago.

The Company believes that its improving retail attrition rate in its Protection One Monitoring unit is benefiting from a slowdown in the new housing market and fewer customer moves.

For the Company's Network Multifamily reporting unit, the annualized first quarter 2007 customer attrition rate decreased to 7.1% from 7.4% during the first quarter of 2006. On a trailing 12 months basis ending March 31, the customer attrition rate was 11.8% in 2007 compared to 6.5% in 2006. The increase was due to an adjustment in the fourth quarter of 2006 to accrue for "at-risk" RMR and due to a higher number of contracts expiring in the former year's period. The number of contracts expiring in 2007 is approximately the same as the number that expired in 2006.

Adjusted EBITDA

Adjusted earnings before interest, taxes, depreciation, amortization and other items ("Adjusted EBITDA") in the first quarter of 2007 was $20.2 million. The Company reported adjusted EBITDA of $20.8 million in the first quarter of 2006. See "Non-GAAP Reconciliations" below for a reconciliation of Adjusted EBITDA to reported net loss and a discussion of certain uses and limitations related to Adjusted EBITDA.

Balance Sheet

The Company's total debt and capital leases outstanding, excluding debt discounts, as of March 31, 2007, was $410.5 million, compared to $410.8 million as of December 31, 2006. The Company had $297.0 million outstanding under its senior secured credit facility as of March 31, 2007.

The Company's cash and equivalents as of March 31, 2007 were $25.9 million compared to $24.6 million at December 31, 2006.

Non-GAAP Reconciliations Adjusted EBITDA

Adjusted EBITDA is used by management in evaluating operating performance and allocating resources, and management believes it is used by many analysts who follow the security industry. Management also believes that presentation of Adjusted EBITDA with standard GAAP financial measures is useful because such measures collectively allow investors and management to evaluate and compare the Company's operating results from period to period in a meaningful manner. Adjusted EBITDA should not be considered as an alternative to any measure of performance as promulgated under accounting principles generally accepted in the United States of America, such as income (loss) before income taxes or cash flow from operations. Items excluded from Adjusted EBITDA are significant components in understanding and assessing the consolidated financial performance of the Company. For example, Adjusted EBITDA does not reflect historical or future interest expense; principal payments; changes in working capital needs; cash requirements for acquiring new customers, replacing certain assets that are being depreciated or amortized, or other capital expenditures; or certain event-related expenses such as change in control, debt restructuring, consolidation, employee retention or sale-related expenses. Accordingly, Adjusted EBITDA has limitations as an analytical tool, and you should not consider it in isolation or as a substitute for analysis of the Company's results as reported under GAAP. The Company's calculation of Adjusted EBITDA may be different from the calculation used by other companies and comparability may be limited. See the table below for the reconciliation of Adjusted EBITDA to consolidated loss before income taxes.

Consolidated (dollar amounts in thousands) Quarter Ended March 31, 2007 2006 Loss before income taxes $(5,133) $(2,415) Plus: Interest expense 9,527 7,959 Amortization and depreciation expense 9,520 11,085 Amortization of deferred costs in excess of amortization of deferred revenue 6,046 3,531 Stock based compensation expense 272 528 Corporate consolidation costs (a) -- 20 Less: Other expense (income) (22) 46 Adjusted EBITDA $20,210 $20,754 (a) Corporate consolidation costs relate to the consolidation of management and other corporate functions of our Network Multifamily segment and include severance payments and accrued expenses relating to retention agreements. Recurring Monthly Revenue

The Company believes the presentation of recurring monthly revenue is useful to investors because the measure is often used by investors and lenders to evaluate companies such as Protection One with recurring revenue streams. Management monitors recurring monthly revenue, among other things, to evaluate the Company's ongoing performance.

The table below reconciles recurring monthly revenue to revenue reflected on the consolidated statements of operations.

Quarter ended March 31, 2007 2006 (dollar amounts in millions) Recurring Monthly Revenue at March 31 $20.1 $19.9 Amounts excluded from RMR: Amortization of deferred revenue 0.8 0.5 Other revenue (a) 2.6 2.1 Revenue (GAAP basis): March 23.5 22.5 January - February 45.2 44.2 Total period revenue $68.7 $66.7 (a) Revenue not pursuant to monthly contractual billings. Conference Call and Webcast

Protection One will host a conference call and audio webcast today at 8:30 a.m. Eastern Time to review these results. The call may be accessed by dialing (800) 565-5442 (inside the United States and Canada) or via a webcast at http://www.protectionone.com/. The reference code associated with the call is 7745708.

A webcast replay will be available shortly after the call at http://www.protectionone.com/. A telephonic replay of the call also will be available until May 30, 2007. To listen to the telephonic replay, dial (719) 457-0820 or (888) 203-1112 and enter the following passcode: 7745708.

Forward-looking Statements: Certain matters discussed in this news release are "forward-looking statements." The Private Securities Litigation Reform Act of 1995 has established that these statements qualify for safe harbors from liability. Forward-looking statements may include words or phrases such as "we believe," "we anticipate," "we expect" or words of similar meaning. Forward-looking statements may describe our future plans, objectives, expectations or goals. Such statements may address future events and conditions concerning customer retention, debt levels, debt service capacity, revenue stabilization and stabilization of our customer account base. Our actual results may differ materially from those discussed here as a result of numerous factors, including our significant debt obligations, net losses and competition. See our Annual Report on Form 10-K for the year ended December 31, 2006 and our Quarterly Report on Form 10-Q for the quarter ended March 31, 2007, which we expect will be filed with the SEC on May 15, 2007, for a further discussion of factors affecting our performance. Protection One disclaims any obligation to update any forward-looking statements as a result of developments occurring after the date of this news release.

Protection One is one of the largest vertically integrated national providers of sales, installation, monitoring and maintenance of electronic security systems to homes and businesses. Network Multifamily, Protection One's wholly owned subsidiary, is the largest security provider to the multifamily housing market. The company also owns the nation's largest provider of wholesale monitoring, Criticom Monitoring Services (CMS). For more information about Protection One, visit http://www.protectionone.com/.

Protection One and Subsidiaries Summary Income Statement (Amounts in thousands, except per share amounts) (unaudited) Quarter Ended March 31, 2007 2006 Revenue: Monitoring & related services $62,092 $61,493 Other 6,591 5,183 Total revenue 68,683 66,676 Cost of revenue: Monitoring & related services 18,780 17,396 Other 8,845 6,462 Total cost of revenue 27,625 23,858 Selling expense 11,117 9,566 General & administrative 16,049 16,557 Corporate consolidation costs -- 20 Amortization of intangibles and depreciation expense 9,520 11,085 Total operating expenses 36,686 37,228 Operating income 4,372 5,590 Other expense (income) Interest expense 9,896 8,234 Interest income (369) (275) Other (22) 46 Total other expense 9,505 8,005 Loss before income taxes (5,133) (2,415) Income tax expense (162) (92) Net loss $(5,295) $(2,507) Net loss per common share $(0.29) $(0.14) Other Data: Weighted average common shares outstanding 18,240 18,213 Protection One and Subsidiaries Summary Balance Sheet and Cash Flow Data (Amounts in thousands, except per share amounts) (unaudited) Balance Sheet Data: March 31, December 31, 2007 2006 ASSETS Current assets $64,804 $64,647 Restricted cash 1,923 1,900 Property and equipment, net 22,403 22,430 Customer accounts, net 192,949 200,371 Goodwill 12,160 12,160 Trade name 25,812 25,812 Deferred customer acquisition costs 111,543 105,954 Other assets 9,602 10,679 $441,196 $443,953 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities $66,076 $69,637 Long term debt, net of current portion 393,069 391,991 Deferred customer acquisition revenue 65,678 60,781 Deferred tax liability 245 251 Other liabilities 1,257 1,236 Total liabilities 526,325 523,896 Stockholders' equity (85,129) (79,943) $441,196 $443,953 Quarter Ended March 31, 2007 2006 Cash Flow Data: Net cash provided by operating activities $10,503 $13,684 Net cash used in investing activities $(8,290) $(7,368) Net cash used in financing activities $(911) $(589)

Protection One, Inc.

CONTACT: Media, Robin J. Lampe, +1-785-856-9350, or Investors,
Darius G. Nevin, +1-785-856-9368, both of Protection One

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

BEA Systems to Present at Deutsche Bank's 2007 Technology Conference on May 17, 2007

SAN JOSE, Calif., May 15 /PRNewswire-FirstCall/ -- BEA Systems, Inc. , a world leader in application infrastructure software, today announced that Eric Stahl, Senior Director Investor Relations, BEA Systems, Inc., will be presenting at Deutsche Bank's 2007 Technology Conference on Thursday, May 17 at 7:00 a.m. PT. The conference runs on May 16 and 17, 2007 and will be held at the Westin St. Francis Hotel in San Francisco.

The presentation will be webcast live on the BEA Investor Relations Web site at http://ir.bea.com/. A replay will be available for thirty days.

About BEA

BEA Systems, Inc. is a world leader in enterprise and communications infrastructure software. BEA's SOA 360 platform is the industry's most unified SOA platform for business transformation and optimization, in order to improve cost structures and grow new revenue streams. Information about how BEA is enabling customers to achieve Business LiquidITy(TM) can be found at http://www.bea.com/.

Copyright 1995-2007, BEA Systems, Inc. All rights reserved. BEA, BEA AquaLogic, BEA eLink, BEA WebLogic, BEA WebLogic Portal, BEA WebLogic Server, Connectera, Compoze Software, Jolt, JoltBeans, JRockit, SteelThread, Think Liquid, Top End, Tuxedo, and WebLogic are registered trademarks of BEA Systems, Inc. BEA Blended Application Development, BEA Blended Development Model, BEA Blended Strategy, BEA Builder, BEA Guardian, BEA Manager, BEA MessageQ, BEA microService Architecture, BEA SOA 360, BEA Workshop, BEA WorkSpace 360, Signature Editor, Signature Engine, Signature Patterns, Support Patterns, Arch2Arch, Arch2Arch Advisor, Dev2Dev, Dev2Dev Dispatch, Exec2Exec, Exec2Exec Voice, IT2IT, IT2IT Insight, Business LiquidITy, and Liquid Thinker are trademarks of BEA Systems, Inc. BEA Mission Critical Support, BEA Mission Critical Support Continuum, BEA SOA Self Assessment, and Fluid Framework are service marks of BEA Systems, Inc. All other company and product names may be the subject of intellectual property rights reserved by third parties. All other trademarks are the property of their respective companies.

BEA Systems, Inc.

CONTACT: Kevin Faulkner, Investor Relations of BEA Systems, Inc.,
+1-408-570-8293, or kevin.faulkner@bea.com

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

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