Companies news

ST's MEMS and RF Devices Selected Top Products by EETimes

GENEVA, Jan. 4 /PRNewswire-FirstCall/ -- An ultracompact MEMS accelerometer and a multi-band RF synthesizer from STMicroelectronics were selected as top products in the quarterly EETimes and eeProductCenter Ultimate Products Survey.

ST's LIS244AL low-g linear accelerometer was chosen as a Top Ten product in the Interconnect/Passives and Electromechanical category. ST's accelerometer won acclaim from editors and readers as a motion-sensing device that combines accuracy with low-power consumption for battery-powered portable applications such as mobile phones, portable multimedia players and remote controls.

In RF and Microwave, EETimes' Ultimate Products list features ST's STW81103 RF synthesizer, the first single-chip device that operates up to 5 GHz, offering the highest frequency coverage in the market. ST's integrated RF synthesizer meets the increasing demand of equipment manufacturers for space and cost-efficient solutions in microwave-range radio applications, including wireless network infrastructures, CATV systems, and instrumentation and test equipment.

The Ultimate Products award is a peer-review program developed by EETimes and eeProductCenter. Each quarter the editors of eeProductCenter select the ten most significant new products in seven categories, and qualified readers are asked to score the products in terms of technical significance and usability.

About STMicroelectronics

STMicroelectronics is a global leader in developing and delivering semiconductor solutions across the spectrum of microelectronics applications. An unrivalled combination of silicon and system expertise, manufacturing strength, Intellectual Property (IP) portfolio and strategic partners positions the Company at the forefront of System-on-Chip (SoC) technology and its products play a key role in enabling today's convergence markets. The Company's shares are traded on the New York Stock Exchange, on Euronext Paris and on the Milan Stock Exchange. In 2006, the Company's net revenues were $9.85 billion and net earnings were $782 million. Further information on ST can be found at http://www.st.com/.

STMicroelectronics

CONTACT: Michael Markowitz of STMicroelectronics, +1-212-821-8959,
michael.markowitz@st.com

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

GameTech Announces Stock Buy Back

RENO, Nev., Jan. 4 /PRNewswire-FirstCall/ -- GameTech International, Inc. ("GameTech" or the "Company") , a leading designer, developer and marketer of electronic bingo equipment, bingo systems and video lottery terminals, announced that pursuant to the Company's previously announced stock repurchase plan has repurchased to date a total of 281,906 shares at a combined cost of $1,998,770.19. This repurchase amount represents 2.2% of the fully diluted shares outstanding as of October 31, 2007.

In addition, with strong cash flow from operations in the first nine months since the Summit Gaming acquisition, GameTech has paid down its outstanding loan from Ableco, which was used to finance the Summit Gaming acquisition, a combined total of $10.6 million, leaving a balance to date of $28.3 million plus any accrued interest. Our current cash position remains strong with $10.4 million in cash and cash equivalents as of December 31, 2007. With the acquisition of Summit Gaming and GameTech's new product development efforts in wireless and lottery areas, GameTech is on track in its goal of diversifying the company to a full-service Class II and Class III systems and product supplier.

GameTech International, Inc. is in the business of designing, manufacturing, and marketing computerized bingo and gaming equipment, systems, and services. Under the GameTech(R) brand the Company provides electronic bingo systems and equipment. Under the Summit Gaming(TM) brand the Company provides video lottery terminals and slot machine gaming devices. The Company also provides other gaming related equipment and services. GameTech International, Inc. is an innovator in advanced wireless gaming applications and devices as well as software and content for traditional slot machine games. GameTech International, Inc. serves customers in 41 U. S. States, Canada, Japan, Mexico, Norway, Philippines, and the United Kingdom. The company was incorporated in 1994 and is headquartered in Reno, Nevada.

Statements in this press release that are not historical facts are intended to be forward-looking statements subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. GameTech cautions that these statements are qualified by important factors that could cause actual results to differ materially from those reflected by the forward-looking statements contained herein. Such factors include risks associated with doing business in a regulated industry, our ability to retain customers and secure new customers, risks associated with rapid technological change, and those disclosed in documents filed by the Company with the Securities and Exchange Commission, including the Company's most recently filed Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. GameTech does not intend, and undertakes no obligation, to update our forward-looking statements to reflect future events or circumstances.

GameTech International, Inc.

CONTACT: Donald Tateishi, CFO of GameTech International, Inc.,
+1-775-850-6110

Web site: http://www.gametech-inc.com/

GTECH Corporation Promotes Michael K. Prescott to Senior Vice President, General Counsel, and Corporate Secretary

PROVIDENCE, R.I., Jan. 4 /PRNewswire-FirstCall/ -- GTECH Corporation, a wholly-owned subsidiary of Lottomatica S.p.A. (Pink Sheets: LTTOY), announced that Michael K. Prescott has been promoted to Senior Vice President, General Counsel, and Corporate Secretary of GTECH Corporation. Reporting to GTECH President and Chief Executive Officer Jaymin B. Patel, Prescott is responsible for managing and overseeing all legal matters for the Company, including legal strategy, legal compliance, litigation, regulatory matters, as well as global security.

(Photo: http://www.newscom.com/cgi-bin/prnh/20080104/NEF034 )

"We are very pleased to add such a talented and experienced executive to our senior management team. Michael has a thorough understanding of GTECH and the gaming industry, having served the Company as Deputy General Counsel for more than six years, and for several years prior to joining GTECH, as an outside legal advisor," said Mr. Patel. "Michael's extensive skills as a seasoned legal advisor on corporate transactions, along with his specialization in corporate litigation and regulatory matters, give him the breadth of experience needed to take on the additional challenges and responsibilities of this new role."

Prescott most recently served as GTECH's Vice President and Deputy General Counsel, a position he has held since joining the Company in 2001. Prior to joining GTECH, Prescott was a corporate attorney at Edwards Angell Palmer & Dodge LLP. He earned his Bachelor of Arts degree in Political Science and History from Northwestern University, with a Juris Doctor from Emory University School of Law. Prescott, 41, resides in Rhode Island with his wife, Robin, and their two children, Max and Sophia.

GTECH is a leading gaming technology and services company, providing innovative technology, creative content, and superior service delivery. Lottomatica is one of the world's largest commercial lottery operators and a market leader in the Italian gaming industry. GTECH and Lottomatica together create a fully integrated lottery operator and gaming technology solutions provider -- a combined company with worldwide scale, considerable financial strength, and industry-leading customer solutions. Lottomatica is majority owned by De Agostini, which belongs to a century-old publishing, media, and financial services group. Lottomatica is publicly traded on the Italian Stock Exchange (LTO), and in 2006, had more than euro 1.7 billion in revenues and 5,900 employees in over 45 countries when combined with GTECH.

Contact: Robert K. Vincent Public Affairs GTECH Corporation 401-392-7452

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20080104/NEF034
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com GTECH Corporation

CONTACT: Robert K. Vincent, Public Affairs, of GTECH Corporation,
+1-401-392-7452

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

AnalogicTech to Report Fourth Quarter and Fiscal 2007 Financial Results on February 14, 2008

SUNNYVALE, Calif., Jan. 4 /PRNewswire-FirstCall/ -- Advanced Analogic Technologies, Inc. ("AnalogicTech") , today announced that it will release financial results for the fourth quarter and fiscal year 2007 ended December 31, 2007, following the close of the market on Thursday, February 14, 2008. The company will host a corresponding conference call and live webcast at 4:30 p.m. Eastern Time (ET).

(Logo: http://www.newscom.com/cgi-bin/prnh/20050829/SFTU089LOGO)

To listen to the live conference call, please dial 800-218-0204 or 303-262-2125 at 4:20 p.m. ET on February 14, 2008. An audio replay of the call will be available to investors through February 18, 2008, by dialing 800-405-2236 and entering the passcode 11106339#. Callers outside the U.S. and Canada may access the replay by dialing 303-590-3000 and entering the passcode 11106339#.

A live webcast of the call will be available on the company's investor relations website at http://www.aati.com/ or via the corporate website at http://www.analogictech.com/.

About AnalogicTech

Advanced Analogic Technologies, Inc. (AnalogicTech) is a supplier of Total Power Management(TM) semiconductor solutions for mobile consumer electronic devices, such as wireless handsets, notebook and tablet computers, smartphones, digital cameras, wireless LAN, and personal media players. The company focuses its design and marketing efforts on the application-specific power management needs of consumer, communications, and computing applications in these rapidly evolving devices. AnalogicTech also develops and licenses device, process, package, and application-related technology. AnalogicTech is headquartered in Santa Clara, California and Macau, S.A.R., with offices in China (Beijing, Shanghai and Shenzhen), Hong Kong, Taiwan, Japan, South Korea, Sweden, France and United Kingdom, as well as a worldwide network of sales representatives and distributors. The company is listed on the NASDAQ exchange under the ticker symbol AATI. For more information, please visit the AnalogicTech website: http://www.analogictech.com/. (AnalogicTech - F)

AnalogicTech and the AnalogicTech logo are trademarks of Advanced Analogic Technologies, Inc.

Photo: http://www.newscom.com/cgi-bin/prnh/20050829/SFTU089LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Advanced Analogic Technologies, Inc.

CONTACT: Investors, Lisa Laukkanen of The Blueshirt Group,
+1-415-217-4967, lisa@blueshirtgroup.com, for Advanced Analogic Technologies,
Inc.

Web site: http://www.analogictech.com/
http://www.aati.com/

First Industrial Realty Trust to Present at Deutsche Bank Securities 2008 Real Estate Outlook Conference

CHICAGO, Jan. 4 /PRNewswire-FirstCall/ -- First Industrial Realty Trust, Inc. , a leading provider of industrial real estate supply chain solutions, today announced that it will be participating in the Deutsche Bank Securities 2008 Real Estate Outlook Conference on January 10, 2008.

(Logo: http://www.newscom.com/cgi-bin/prnh/20040106/FRLOGO)

Michael W. Brennan, president and chief executive officer, will be speaking on a merchant building panel at 10:15 a.m. EST.

A webcast of the panel discussion will be available on First Industrial's website at http://www.firstindustrial.com/ under the "Investor Relations" tab. A replay will be available approximately one hour after the discussion through January 31, 2008.

First Industrial Realty Trust, Inc. provides industrial real estate solutions for every stage of a customer's supply chain, no matter how large or complex. Across more than 30 markets in the United States, Canada, The Netherlands and Belgium, our local market experts buy, (re)develop, lease, manage and sell industrial properties, including all of the major facility types -- R&D/flex, light industrial, manufacturing, and regional and bulk distribution centers. We continue to receive leading customer service scores from Kingsley Associates, an independent research firm, and in total, we own, manage, and have under development more than 100 million square feet of industrial space. For more information, please visit us at http://www.firstindustrial.com/.

This press release contains forward-looking information about the Company. A number of factors could cause the Company's actual results to differ materially from those anticipated, including changes in: national, international, regional and local economic conditions generally and real estate markets specifically, legislation/regulation (including changes to laws governing the taxation of real estate investment trusts), availability of financing, interest rate levels, competition, supply and demand for industrial properties in the Company's current and proposed market areas, potential environmental liabilities, slippage in development or lease-up schedules, tenant credit risks, higher-than-expected costs, changes in general accounting principles, policies and guidelines applicable to real estate investment trusts, and risks related to doing business internationally (including foreign currency exchange risks). For further information on these and other factors that could impact the Company and the statements contained herein, reference should be made to the Company's filings with the Securities and Exchange Commission.

Contacts: Sean O'Neill SVP, Investor Relations and Corporate Communications 312-344-4401 Art Harmon Senior Manager, Investor Relations and Corporate Communications 312-344-4320

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20040106/FRLOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com First Industrial Realty Trust, Inc.

CONTACT: Sean O'Neill, SVP, Investor Relations and Corporate
Communications, +1-312-344-4401, or Art Harmon, Senior Manager, Investor
Relations and Corporate Communications, +1-312-344-4320, both of First
Industrial Realty Trust, Inc.

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

Harris Corporation CFO Gary L. McArthur to Speak at the 10th Annual Needham Growth Stock Conference

MELBOURNE, Fla., Jan. 4 /PRNewswire-FirstCall/ -- Gary L. McArthur, vice president and chief financial officer of Harris Corporation , an international communications and information technology company, will be a featured speaker at the Tenth Annual Needham Growth Stock Conference on January 8, 2008, in New York City. Mr. McArthur's presentation is scheduled to begin at 3:00 p.m. Eastern Time. A live webcast and replay of the presentation will be available on the Internet at http://www.harris.com/.

About Harris Corporation

Harris is an international communications and information technology company serving government and commercial markets in more than 150 countries. Headquartered in Melbourne, Florida, the company has annual revenue of over $4 billion and more than 16,000 employees -- including nearly 7,000 engineers and scientists. Harris is dedicated to developing best-in-class assured communications(TM) products, systems, and services. Additional information about Harris Corporation is available at http://www.harris.com/

Forward-Looking Statements

Certain statements and assumptions in the discussion and presentation described in this release that are not historical facts will contain or be based upon forward-looking statements that reflect management's current expectations, assumptions, and estimates of future performance and economic conditions. Such statements are made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Harris cautions investors that any forward- looking statements are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements. Harris' consolidated results and the forward-looking statements could be affected by many factors. Information relating to factors that may impact Harris' results and forward-looking statements are disclosed in Harris' filings with the SEC. Harris disclaims any intention or obligation, other than imposed by law, to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Harris Corporation

CONTACT: Investor Relations, Pamela Padgett, +1-321-727-9383,
pamela.padgett@harris.com, or Media, Jim Burke, +1-321-727-9131,
jim.burke@harris.com

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

Aladdin Knowledge Systems Announces Date of Fourth Quarter and Fiscal Year 2007 Results Release, Conference Call and Webcast

TEL AVIV, Israel, Jan. 4 /PRNewswire-FirstCall/ -- Aladdin Knowledge Systems, Ltd. , an information security leader specializing in authentication, software DRM and content security, today announced it will release financial results for the fourth quarter and fiscal year ended December 31, 2007 before the opening of trading in New York on Thursday, January 24, 2008. The financial results will be released over the news wires and will also be posted to the Aladdin Web site.

(Logo: http://www.newscom.com/cgi-bin/prnh/20040416/CGALADDINLOGO)

The Company will host a conference call, to be simultaneously Webcast, on Thursday, January 24, 2008 at 9:00 a.m. Eastern Time / 4:00 p.m. Israel Time. A question and answer session will follow management's presentation. To participate, please call the following numbers ten minutes before the hour:

Phone Number + 1 (888) 642 5032 (North America) Phone Number +972 (3) 918 0692 (International)

A live Webcast of the conference call will be available on the Aladdin Web site at http://www.aladdin.com/. Please visit the Web site at least 15 minutes early to register for the Webcast and download any necessary audio software.

A replay of the call will be available February 23, 2008 at 11:59 p.m., Eastern Time. Please call:

Phone Number +1 (888) 254 7270 (North America) Phone Number +972 (3) 925 5948 (International) Access Code: 4368718 About Aladdin

Aladdin Knowledge Systems' Software Rights Management products are the #1 choice of software developers and publishers to protect intellectual property, increase revenues, and reduce losses from software piracy. Aladdin eToken is the world's #1 USB-based authentication solution. The Aladdin eSafe secure Web gateway provides the most advanced protection against the latest Web-based threats and attacks. Aladdin has offices in 12 countries, a worldwide network of channel partners, and has won numerous awards for innovation. For more information, visit the Aladdin Web site at http://www.aladdin.com/.

(C)2007 Aladdin Knowledge Systems, Ltd. All rights reserved. Aladdin Knowledge Systems and the Aladdin logo are trademarks or registered trademarks of Aladdin Knowledge Systems, Ltd. All other product and brand names mentioned in this document are trademarks or registered trademarks of their respective owners.

Press Contact: Matthew Zintel Zintel Public Relations matthew.zintel@zintelpr.com 310.574.8888 Investor Relations Contact: Erik Knettel/Andrea Costa Global Consulting Group aladdin@hfgcg.com 646.284.9400

Photo: http://www.newscom.com/cgi-bin/prnh/20040416/CGALADDINLOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Aladdin Knowledge Systems

CONTACT: Matthew Zintel of Zintel Public Relations, +1-310-574-8888,
matthew.zintel@zintelpr.com; or investors, Erik Knettel or Andrea Costa, both
of Global Consulting Group, +1-646-284-9400, aladdin@hfgcg.com, all for
Aladdin Knowledge Systems

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

Hittite Microwave Corporation to Present at Thomas Weisel Partners Technology, Telecom & Internet Conference 2008

CHELMSFORD, Mass., Jan. 4 /PRNewswire-FirstCall/ -- Hittite Microwave Corporation today announced that it will present at the Thomas Weisel Partners Technology, Telecom & Internet Conference 2008 on Monday, February 4, 2008, at the Fairmont Hotel in San Francisco, CA.

Hittite's presentation is currently scheduled for 3:15 p.m. PST. Representing the company at the conference will be Stephen Daly, Chairman and Chief Executive Officer, and William Boecke, Vice President and Chief Financial Officer. A webcast of the company's presentation will be available on the investor relations page of the company's website at http://www.hittite.com/.

About Hittite Microwave Corporation

Hittite Microwave is an innovative designer and developer of high performance integrated circuits, or ICs, modules and subsystems for technically demanding radio frequency, or RF, microwave and millimeterwave applications. Products include amplifiers, attenuators, data converters, frequency dividers and detectors, frequency multipliers, mixers and converters, modulators and demodulators, oscillators, passives, phase shifters, power detectors, sensors, switches, synthesizers and variable gain amplifiers. Hittite's products are used in a variety of applications and end markets including automotive, broadband, cellular infrastructure, fiber optic, microwave and millimeterwave communications, military, space, and test and measurement. The company utilizes radio frequency integrated circuits (RFIC), monolithic microwave integrated circuits (MMIC), multi-chip modules (MCM) and microwave integrated circuit (MIC) technologies. The company is headquartered in Chelmsford, MA.

Hittite Microwave Corporation

CONTACT: William Boecke, Vice President and Chief Financial Officer of
Hittite Microwave Corporation, +1-978-250-3343

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

Maine's Public Utilities Commission Approves Amended AgreementFairPoint moves closer to acquisition of Verizon's wireline business in Maine

CHARLOTTE, N.C., Jan. 4 /PRNewswire-FirstCall/ -- FairPoint Communications, Inc. today announced the Maine Public Utilities Commission (PUC) voted to approve an amended stipulation recommending the approval of the merger agreement between FairPoint and Verizon, with a few additional provisions. In addition to FairPoint, the amended stipulation was signed by Verizon New England Inc., the Advocacy Staff of the Maine PUC, the Office of the Public Advocate in Maine, Cornerstone Communications, LLC, Biddeford Internet Corp d/b/a Great Works Internet, Oxford Networks and the American Association of Retired Persons (with respect to certain aspects of the amended stipulation).

This was a major hurdle in Maine and the Maine PUC is expected to issue an order officially approving the transaction following deliberations on any remaining issues not covered in the amended stipulation agreement as modified.

FairPoint's acquisition of Verizon's wireline operations in Maine is part of a larger, previously announced transaction in which FairPoint would also acquire Verizon's wireline operations in New Hampshire and Vermont.

Commenting on the PUC's decision, Gene Johnson, FairPoint's chairman and CEO, stated, "The PUC's decision clearly demonstrates the Maine PUC has confidence in FairPoint's ability and desire to provide essential telecommunications and broadband services to the residents and businesses in Maine. We accept the conditions set forth in the negotiated agreement and we believe we can meet those conditions."

Johnson continued, "The PUC's decision will also allow FairPoint to make good on its commitment to create 280 new positions throughout Maine. We look forward to receiving approval from the New Hampshire Public Utilities Commission, the Vermont Public Service Board and the Federal Communications Commission and we remain committed to closing this transaction in a timely manner."

Several key conditions approved by the Maine PUC and most of which were noted in the December 21 amended settlement agreement include the following:

-- High-Speed Internet Availability: FairPoint commits to expand its broadband initiative currently on record in Maine with a five-year, $40 million investment. This, combined with the previously announced estimated $17.55 million investment, is expected to allow FairPoint to achieve a 90 percent broadband addressability rate within a five-year period. -- Financial Strength: As part of the settlement, Verizon will provide at or before closing a contribution to the working capital of the Verizon subsidiary merging into FairPoint. That contribution will increase working capital by $235.5 million in addition to the amount specified for working capital in the current distribution agreement. FairPoint will use this additional contribution from Verizon to reduce debt resulting from the transaction and to facilitate investment in infrastructure and improved services. -- FairPoint has agreed to accept a condition requiring a reduction in the anticipated post-merger dividend rate of 35 percent, beginning with the first full quarterly dividend to be paid after the merger closing date. The company would not be allowed to increase its dividend until certain financial conditions are met. FairPoint will be required to deploy the approximately $49.7 million resulting from this dividend reduction annually to permanently reduce the amount of debt incurred as part of the transaction. Additionally, FairPoint agreed that if it did not reach a debt-to-EBITDA ratio below 3.6 by December 31, 2011, then it will reduce debt by $150 million by December 31, 2012. -- Employee Matters: FairPoint previously agreed to honor existing collective bargaining agreements with respect to matters that are within FairPoint's control and is willing to extend such agreements on generally the same conditions in the current agreements for a period of at least two years.

In addition to receipt of a final order by the Maine PUC, completion of the transaction between FairPoint and Verizon is also conditioned upon receipt of approval from the New Hampshire Public Utilities Commission, the Vermont Public Service Board and the Federal Communications Commission.

About FairPoint

FairPoint Communications, Inc. is an industry leading provider of communications services to rural and small urban communities across the country. Today, FairPoint owns and operates 30 local exchange companies in 18 states offering advanced communications with a personal touch including local and long distance voice, data, Internet, video and broadband services. FairPoint is traded on the New York Stock Exchange under the symbol FRP. Learn more at http://www.fairpoint.com/.

This press release may contain forward-looking statements by FairPoint that are not based on historical fact, including, without limitation, statements containing the words "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates" and similar expressions and statements. Because these forward-looking statements involve known and unknown risks and uncertainties, there are important factors that could cause actual results, events or developments to differ materially from those expressed or implied by these forward-looking statements. Such factors include those risks described from time to time in FairPoint's filings with the Securities and Exchange Commission ("SEC"), including, without limitation, the risks described in FairPoint's most recent Annual Report on Form 10-K on file with the SEC. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. All information is current as of the date this press release is issued, and FairPoint undertakes no duty to update this information. Source: FairPoint Communications, Inc., http://www.fairpoint.com/.

FairPoint has filed, and the SEC has declared effective, a registration statement in connection with the proposed merger. FairPoint urges investors to read this document and other materials filed and to be filed by FairPoint relating to the proposed merger because they contain and will contain important information. Investors can obtain copies of the registration statement, as well as other filed documents containing information about FairPoint and the proposed merger, at http://www.sec.gov/, the SEC's website. Investors may also obtain free copies of these documents and FairPoint's other SEC filings at http://www.fairpoint.com/ under the Investor Relations section, or by written request to FairPoint Communications, Inc., 521 E. Morehead Street, Suite 250, Charlotte, NC 28202, Attention: Investor Relations.

This communication shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

Investor Contact: Brett Ellis (866) 377-3747 bellis@fairpoint.com Media Contact: Rose Cummings (704) 602-7304 rcummings@fairpoint.com

FairPoint Communications, Inc.

CONTACT: Investors, Brett Ellis, +1-866-377-3747, bellis@fairpoint.com,
or Media, Rose Cummings, +1-704-602-7304, rcummings@fairpoint.com, both of
FairPoint Communications, Inc.

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

Stamps.com to Present at Needham & Company 10th Annual Growth Stock Conference

LOS ANGELES, Jan. 4 /PRNewswire-FirstCall/ -- Stamps.com(R) will be presenting at the Needham & Company 10th Annual Growth Stock Conference at the New York Palace Hotel in New York on January 10, 2008. The Company will be presenting at 10:30a.m. EST and a web cast will accompany the presentation and can be accessed via the investor relations website at http://investor.stamps.com/.

About Stamps.com and PhotoStamps

Stamps.com is a leading provider of Internet-based postage services. Stamps.com (http://www.stamps.com/) enables small businesses, enterprises, and consumers to print U.S. Postal Service-approved postage with just a PC, printer and Internet connection, right from their home or office. The Company targets its services to small businesses and home offices, and currently has partnerships with companies including Microsoft, CompUSA, EarthLink, HP, NCR, Office Depot, Vendio and the U.S. Postal Service.

PhotoStamps (http://www.photostamps.com/) is a patented Stamps.com product that couples the technology of PC Postage with the simplicity of a web-based image upload and order process. Since launching PhotoStamps for the third market test in May 2005, more than 45 million individual PhotoStamps have been shipped to customers. PhotoStamps is currently available under authorization of the U.S. Postal Service for its fourth phase market test with an authorization through May 16, 2008.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements about our anticipated results and our PhotoStamps spend that involve risks and uncertainties. Important factors, including the Company's ability to complete and ship its products, maintain desirable economics for its products and obtain or maintain regulatory approval, which could cause actual results to differ materially from those in the forward-looking statements, are detailed in filings with the Securities and Exchange Commission made from time to time by STAMPS.COM, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2006, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. STAMPS.COM undertakes no obligation to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Stamps.com, the Stamps.com logo and PhotoStamps are trademarks or registered trademarks of Stamps.com Inc. All other brands and names are property of their respective owners.

Stamps.com Investor Contact: Press Contact: Stamps.com Investor Relations Brew Media Relations (310) 482-5830 (310) 600-7160 http://investor.stamps.com/ dena@brewpr.com

Stamps.com

CONTACT: Investors, Stamps.com Investor Relations, +1-310-482-5830; or
Press, Brew Media Relations, +1-310-600-7160, dena@brewpr.com, for Stamps.com

Web site: http://www.stamps.com/
http://www.photostamps.com/
http://investor.stamps.com/

Firesky Moves Name Change to January

ORANGE, Calif., Jan. 4 /PRNewswire-FirstCall/ -- Firesky Media Corp. (Pink Sheets: FSKM) http://www.fireskymedia.com/, announced today that it will decide upon and announce its new name during January. The Company had originally planned to select a new name and announce the name change during the fourth quarter, which ended December 31, 2007. The new management team coming into Firesky requested that the final decision on the new name be postponed until after the holiday period.

About Firesky Media

Firesky Media Corp., based in Orange, California, is focusing on the electronic hardware and computer component industry. As the Company nears completion of its restructuring activities, the company is in the process of reorganizing its management team and board of directors.

More information about Firesky Media can be found at: http://www.fireskymedia.com/.

Notes about forward-looking statements:

Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties.

Certain Statements contained in this release that are not historical facts constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created by that Act. Reliance should not be placed on forward-looking statements because they involve unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to differ materially from those expressed or implied. Forward-looking statements may be identified by words such as "estimates," "anticipates," "projects," "plans," "expects," "intends," "believes," "may," "should" and similar expressions and by the context in which they are used. Such statements are based upon current expectations of the company and speak only as of the date made. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date when they are made.

Contact: Chet Hong 650-557-2182

Firesky Media Corp.

CONTACT: Chet Hong of Firesky Media Corp., +1-650-557-2182

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

Spectrum Control to Release Fourth Quarter and Fiscal 2007 Results; Host Conference Call on January 8, 2008

FAIRVIEW, Pa., Jan. 4 /PRNewswire-FirstCall/ -- Spectrum Control, Inc. , a leading designer and manufacturer of electronic control products and systems, announced today that it will release its fourth quarter and fiscal 2007 results on Tuesday, January 8, 2008, after the close of the market. Following the release, Spectrum Control will host a conference call at 4:45 PM, Eastern Time, to discuss the Company's operating results for the quarter and fiscal year ended November 30, 2007.

The call will be available as a live web cast via the Internet at http://www.spectrumcontrol.com/ or http://www.vcall.com/. Please allow 15 minutes to register, download and install any necessary audio software. A replay of the conference call will be available through January 8, 2008, at 877-660-6853, access account 286, conference 268373 or for 30 days over the Internet at the Company's website.

Spectrum Control is a leading designer and manufacturer of components and systems used to condition, regulate, transmit, receive, or govern electronic performance. The Company's largest markets are military/defense and telecommunications equipment, with applications in secure communications, smart weapons and munitions, missile defense systems, wireless base stations, broadband switching equipment, and global positioning systems. Automotive represents an emerging market for the Company's products, with significant applications in DC motors, telematics, and electronic safety controls. Other markets for the Company's products include medical instrumentation, industrial equipment, computers, and storage devices.

For more information, please visit our website at http://www.spectrumcontrol.com/.

Spectrum Control, Inc.

CONTACT: Mary Beth Himes of Spectrum Control, Inc., +1-814-474-4360

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

Freedom Wireless Corporation Appoints President of Sales

WINTER PARK, Fla., Jan. 4 /PRNewswire-FirstCall/ -- TMT Capital Corporation (BULLETIN BOARD: TMTP) and its subsidiary Freedom Wireless Corporation ("Freedom") a provider of wireless services and solutions, today announced that Freedom has appointed Michael De Prado as President of Sales.

Michael De Prado brings an exceptional track record for driving revenues and profitability for major growth companies such as, Theglobe.com, Ntera Holdings and Lucent Technologies. Chris van der Merwe, CEO of Freedom states, "Michael has successfully built and managed sales and marketing teams with full responsibility for P&L that consistently exceeded expectations. We believe his experience, combined with a deep understanding of the telecom markets, will make major contributions as we look to the acceleration of commercialization of our brands. Michael has developed important relationships in the field of telecom that we believe will immediately benefit Freedoms commercial plans." Michael is responsible for volume sales of the core product portfolio of branded Sim Cards, Data Cards, Calling Cards, Phone Plans and VoIP Plans.

"I am excited to be a part of an exciting and unique organization where I can use my previous telecommunications executive management experience in launching Freedom Wireless sales objectives and produce targeted revenue goals," states Michael De Prado.

About Freedom Wireless Corporation

Freedom Wireless Corporation is a majority owned subsidiary of TMT Capital Corporation. Freedom is a licensed MNVO in the 50 United States and Canada and produces and promotes multi-network hardware and services focused on wireless and voice over internet protocol (VOIP) products, including GSM / CDMA - VoIP - WIFI - POTS technology. The Freedom patent pending technology has developed a new service which allows users to bridge their current cell phones, Wi-Fi phones, POTS phones and calling cards directly to the Internet for domestic and international long distance calling. The Company can be reached at info@freedomwirelesscorp.com or contact public relations at 407-622-5999.

About TMT Capital Corporation

TMT Capital Corporation operates as a holding company representing various growth industries and companies. Currently, TMT and its subsidiaries are involved in multiple focused business activities including Wireless Communications, Beer Brewing and Real Estate. Our mission is to grow shareholder equity by acquiring companies with unique business models and capitalizing on current trends in multi-billion dollar industries. The Company can be reached at info@tmtcapitalcorp.com or contact public relations at 407-622-5999.

Forward-Looking Statements: This release may contain forward-looking statements, including, without limitation, statements concerning our business and possible or assumed future results of operations. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons including: our ability to continue as a going concern, adverse economic changes affecting markets we serve; competition in our markets and industry segments; our timing and the profitability of entering new markets; greater than expected costs, customer acceptance of wireless networks or difficulties related to our integration of the businesses we may acquire; and other risks and uncertainties as may be detailed from time to time in our public announcements and SEC filings. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and our future results, levels of activity, performance or achievements may not meet these expectations. We do not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in our expectations, except as required by law. Additional information about the Company can be found in periodic filings with the Securities and Exchange Commission available at http://www.sec.gov/.

TMT Capital Corporation

CONTACT: TMT Capital Corporation Public Relations, +1-407-622-5999,
info@tmtcapitalcorp.com

Hughes Announces Agreement to Acquire Helius, Inc.Helius to Enhance Hughes' Business IPTV and Managed Network Service Offerings

GERMANTOWN, Md., Jan. 4 /PRNewswire-FirstCall/ -- Hughes Communications, Inc. (HUGHES), the global leader in broadband satellite network solutions and a leading broadband managed network services provider, announced today that it has entered into a definitive agreement to acquire Helius, Inc., a portfolio company of Canopy Ventures. The acquisition is expected to be completed on or about February 4, 2008. Upon completion of the acquisition, Helius will become a wholly owned subsidiary of Hughes and will operate closely with Hughes' North America and International enterprise businesses.

The acquisition will combine the skills of Helius, a recognized leader in providing business IPTV solutions for applications such as training, corporate communications, and digital signage, with the extensive broadband networking experience and customer base of Hughes. Hughes plans to deploy Helius' innovative IP video technologies to enhance its existing HughesNet(R) service offerings.

Hughes has a large and growing customer base of government, retail, hospitality, and petroleum customers with an interest in business IPTV applications. Recent developments in broadband and video compression technologies allow internal and customer-facing digital media applications to be delivered for a fraction of the cost of previous systems. When combined with Hughes' networking services, the Helius product suite provides a cost- effective and compelling enterprise networking and communications solution.

"As a premier managed network services provider to enterprise and SMB customers, Hughes saw a natural fit in teaming with Helius to better address the market for digital media solutions," said Pradman Kaul, president and CEO of Hughes. "We believe this acquisition will uniquely position Hughes as a cost-effective, end-to-end service provider offering content management, hardware, installation, maintenance, network operations, and services."

"Businesses around the globe are looking for better ways to communicate with their customers and employees," said Mike Tippets, president and CEO of Helius. "Together with Hughes we are able to provide those organizations, and the integrators who service them, with end-to-end solutions that are easy to buy and easy to use."

About Helius

Founded in 1995, Helius is a worldwide leader in business-class data broadcasting solutions and has been focused on the data broadcasting and IP- over-satellite markets for nearly a decade. Helius offers a comprehensive portfolio of digital signage, training, distance learning, and content distribution network solutions. Helius is a privately held firm with funding from The Canopy Group.

About Hughes Communications, Inc.

Hughes Communications, Inc. is the 100 percent owner of Hughes Network Systems, LLC. Hughes is the global leader in providing broadband satellite networks and services for enterprises, governments, small businesses, and consumers. HughesNet encompasses all broadband solutions and managed services from Hughes, bridging the best of satellite and terrestrial technologies. Its broadband satellite products are based on the IPoS (IP over Satellite) global standard, approved by the TIA, ETSI, and ITU standards organizations. To date, Hughes has shipped more than 1.2 million systems to customers in over 100 countries.

Headquartered outside Washington, D.C., in Germantown, Maryland, USA, Hughes maintains sales and support offices worldwide. For more information, please visit http://www.hughes.com/.

Hughes and HughesNet are registered trademarks of Hughes Network Systems, LLC.

Hughes Communications, Inc.

CONTACT: Judy Blake of Hughes Network Systems, LLC, +1-301-601-7330,
jblake@hns.com; or Wunmi Bamiduro of Brodeur for Hughes Network Systems, LLC,
+1-202-775-2656, wbamiduro@brodeur.com

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

LoJack Corp. to Present at Needham Conference in January

WESTWOOD, Mass., Jan. 4 /PRNewswire-FirstCall/ -- LoJack Corporation , the leading provider of tracking and recovery systems for stolen mobile assets, announced today that Ronald V. Waters, Chief Operating Officer, will deliver a presentation at the Needham & Company, LLC Growth Conference on January 8 at 4PM EST at the New York Palace Hotel in New York, NY.

The Needham & Company, LLC Growth Conference will be web cast and can be accessed on the LoJack website, http://www.lojack.com/, from the Investor Relations page.

About LoJack

LoJack Corporation, the company that invented the stolen vehicle recovery market more than two decades ago, is the global leader in recovering valuable mobile assets. The company's time-tested system is optimized for recovering stolen mobile assets through its proven Radio Frequency technology and unique integration with law enforcement agencies in the United States that use LoJack's in-vehicle tracking equipment to recover cars, trucks, commercial vehicles, construction equipment and motorcycles. The company's Stolen Vehicle Recovery System delivers a better than 90 percent success rate and has helped recover more than $4 billion in stolen LoJack-equipped assets worldwide. Today LoJack operates in 26 states and the District of Columbia, and in 32 countries throughout North America, South America, Europe, Africa and Asia.

From time to time, information provided by the company or statements made by its employees may contain "forward-looking" information, which involve risks and uncertainties. Any statements in this news release that are not statements of historical fact are forward-looking statements (including, but not limited to, statements concerning the characteristics and growth of the company's market and customers, the company's objectives and plans for future operations and products and the company's expected liquidity and capital resources). Such forward-looking statements are based on a number of assumptions and involve a number of risks and uncertainties, and accordingly, actual results could differ materially. Factors that may cause such differences include, but are not limited to: the continued and future acceptance of the company's products and services; the effectiveness of the company's marketing initiatives; the rate of growth in the industries of the company's customers; the presence of competitors with greater technical, marketing, and financial resources; the company's ability to promptly and effectively respond to technological change to meet evolving customer needs; the extent of the company's use of third party installers and distributors; capacity and supply constraints or difficulties; the company's ability to successfully expand its operations and changes in general economic or geopolitical conditions. For a further discussion of these and other significant factors to consider in connection with forward-looking statements concerning the company, reference is made to the company's Annual Report on Form 10-K for the year ended December 31, 2006.

The company undertakes no obligation to release publicly the result of any revision to the forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Contact: Michael Umana, Chief Financial Officer (781) 251-4712 John Swanson Swanson Communications, Inc. (516) 671-8582

LoJack Corporation

CONTACT: Michael Umana, Chief Financial Officer of LoJack Corporation,
+1-781-251-4712; or John Swanson of Swanson Communications, Inc. for LoJack
Corporation, +1-516-671-8582

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

Diguang International Announces Acquisition of Dongguan S&T

SHENZHEN, China, Jan. 4 /Xinhua-PRNewswire/ -- Diguang International Development Co., Ltd. (BULLETIN BOARD: DGNG) ("Diguang"), an emerging, China-based leader in the manufacture of CCFL and LED backlights for the LCD display industry, today announced the acquisition of Dongguan Diguang Electronic Science and Technology ("Dongguan S&T").

(Logo: http://www.newscom.com/cgi-bin/prnh/20070830/CNTH005LOGO )

Dongguan S&T is a related company controlled by Song Yi, Chairman and CEO of Diguang International, and his brother Song Hong, Diguang's Director and Chief Operating Officer. Dongguan S&T owns Diguang's principal manufacturing facilities and the land they occupy in the city of Dongguan, and has been receiving rent from Diguang as noted in the Company's disclosure documents regularly filed with the U.S. Securities and Exchange Commission.

The purchase consideration totals US$4.2 million, with a $2 million initial deposit paid on December 30, 2007 and the balance, including accrued interest, payable in four installments of $550,000, by June 2009. Completion of various required registration and approval procedures is expected to take approximately six months.

"As we expand our manufacturing facilities in accordance with the Company's 2008 strategic growth plan, it is important that we do so with a strengthened ownership structure," commented Song Yi. "This acquisition allows us to fully comply with government mandates in China that the usage of a property must match its ownership. So direct ownership by Diguang, rather than indirect utilization of these properties, helps us avoid any questions of business purpose.

"Because we will own these properties instead of renting them, this transaction allows us to realize significant cost savings in our operations," Mr. Song continued. "Diguang will benefit from a prospectively appreciating asset in the long term and the continued appreciation of local currency. The possession of the property and its consequent appreciation as a result of the booming property market in China will provide a valuable pledge for the bank borrowings for our future business expansion."

The financial statements upon which the acquisition was based were compiled in accordance with U.S. generally accepted accounting principles (GAAP) and reviewed by the Company's auditors. The valuation report was prepared by an independent property surveying firm with global operations.

"By owning its own land and factory, Diguang further strengthens its ability to serve key Southern China customers, primarily LCD assembly companies," Mr. Song concluded. "We are pleased to consummate this acquisition using internally generated, positive cash flow to optimum advantage."

About Diguang International Development Co., Ltd.

Diguang, through its subsidiaries, specializes in the research, development, production, sale and distribution of backlights and backlight technologies. A backlight is the typical light source of a liquid crystal display (LCD). The Company is focused on providing LED and CCFL backlights for international producers of televisions, monitors, cellular phones, digital cameras, DVDs and other home appliances. Diguang currently develops an average of approximately 50 new products per month. Diguang is a Nevada corporation with its manufacturing subsidiary located in Shenzhen, PRC, and its sales and marketing subsidiary located in the British Virgin Islands.

Safe Harbor Statements

This press release contains forward-looking statements made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward looking statements are based upon the current plans, estimates and projections of Diguang's management and are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements. Therefore, you should not place undue reliance on these forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: uncertainties related to the integration of acquired operations, business conditions in China, weather and natural disasters, changing interpretations of generally accepted accounting principles; outcomes of government reviews; inquiries and investigations and related litigation; continued compliance with government regulations; legislation or regulatory environments, requirements or changes adversely affecting the businesses in which Diguang is engaged; fluctuations in customer demand; management of rapid growth; intensity of competition from other providers of backlights; timing approval and market acceptance of new product introductions; general economic conditions; geopolitical events and regulatory changes, as well as other relevant risks, including but not limited to risks outlined in the Company's filings on Forms 10K and 10Q and other periodic filings with the U.S. Securities and Exchange Commission. Diguang does not assume any obligation to update the information contained in this press release.

For more information, please contact: Company Contact: T.C. Shen, Assistant to the President Diguang International Development Co., Ltd. Tel: +1-626-593-5486 Investor Relations Contact: Sean Collins, Senior Partner CCG Elite Tel: +1-310-477-9800 x202

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20070830/CNTH005LOGO
PRN Photo Desk, +1-888-776-6555 or +1-212-782-2840 Diguang International Development Co., Ltd.

CONTACT: Company Contact: T.C. Shen, Assistant to the President of
Diguang International Development Co., Ltd., +1-626-593-5486; or Investor
Relations Contact: Sean Collins, Senior Partner of CCG Elite, +1-310-477-9800
x202, for Diguang

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

Hughes Announces Agreement to Acquire Helius, Inc.

GERMANTOWN, Maryland, January 4 /PRNewswire/ --

- Helius to Enhance Hughes' Business IPTV and Managed Network Service Offerings

Hughes Communications, Inc. (HUGHES), the global leader in broadband satellite network solutions and a leading broadband managed network services provider, announced today that it has entered into a definitive agreement to acquire Helius, Inc., a portfolio company of Canopy Ventures. The acquisition is expected to be completed on or about February 4, 2008. Upon completion of the acquisition, Helius will become a wholly owned subsidiary of Hughes and will operate closely with Hughes' North America and International enterprise businesses.

Hughes has a large and growing customer base of government, retail, hospitality, and petroleum customers with an interest in business IPTV applications. Recent developments in broadband and video compression technologies allow internal and customer-facing digital media applications to be delivered for a fraction of the cost of previous systems. When combined with Hughes' networking services, the Helius product suite provides a cost-effective and compelling enterprise networking and communications solution.

About Helius

Founded in 1995, Helius is a worldwide leader in business-class data broadcasting solutions and has been focused on the data broadcasting and IP-over-satellite markets for nearly a decade. Helius offers a comprehensive portfolio of digital signage, training, distance learning, and content distribution network solutions. Helius is a privately held firm with funding from The Canopy Group.

About Hughes Communications, Inc.

Hughes Communications, Inc. (Nasdaq: HUGH) is the 100 percent owner of Hughes Network Systems, LLC. Hughes is the global leader in providing broadband satellite networks and services for enterprises, governments, small businesses, and consumers. HughesNet encompasses all broadband solutions and managed services from Hughes, bridging the best of satellite and terrestrial technologies. Its broadband satellite products are based on the IPoS (IP over Satellite) global standard, approved by the TIA, ETSI, and ITU standards organizations. To date, Hughes has shipped more than 1.2 million systems to customers in over 100 countries.

Headquartered outside Washington, D.C., in Germantown, Maryland, USA, Hughes maintains sales and support offices worldwide. For more information, please visit http://www.hughes.com.

Hughes and HughesNet are registered trademarks of Hughes Network Systems, LLC.

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

Hughes Communications, Inc.

Judy Blake of Hughes Network Systems, LLC, +1-301-601-7330, jblake@hns.com; or Wunmi Bamiduro of Brodeur for Hughes Network Systems, LLC, +1-202-775-2656, wbamiduro@brodeur.com

Industry Analysts, Print Media Leading Influencers in IT DecisionsBlogs, financial analysts lag behind in influence with global c-suite, according to new study

NEW YORK, Jan. 4 /PRNewswire/ -- According to a new survey released by Hill & Knowlton, technology industry analysts are the most influential source of information for major technology decision makers around the world. The new H&K survey also found that the global c-suite views industry analysts, trade magazines and major business publications as more influential than financial analysts and bloggers in making final technology buying decisions.

"Influencing technology purchases requires more than just a good article in a major business or trade publication," said Joe Paluska, Director, H&K's Worldwide Technology Practice. "The IT buying process is hierarchical and cultural, which means tech vendors must smartly influence the right touch points using a variety of media channels around the world. We conducted our tech influencer survey so that we can counsel our clients on how to deliver greater impact."

In H&K's third survey on reputation and technology, 420 technology decision makers in the US, UK, China and Canada were interviewed for their views on what influences them in the IT decision-making process.

Among the findings: -- Industry analysts ranked as the number one source of information and influence on the IT buyer in the US, UK and China; -- Reputation, combined with positive experience, are at least as important in making final purchase decisions as superior products and services, in the US, UK and Canada; -- Bloggers have more influence over IT buyers in China than they do over UK IT buyers; -- Overall, internal and external recommendations have greater influence over the c-suite than IT managers; -- Traditional print media is more influential than online media and blogs in the US, UK and Canada; -- Most major media tends to be regional in its influence versus global; -- While Gartner is the most credible analyst firm in the US, in the UK Forrester is viewed as credible as Gartner. In Canada, IDC is the most credible.

Survey details: Interviews were conducted by Penn, Schoen & Berland by telephone with the c-suite, via online for IT managers, and in person in China. The margin of error overall was +/- 4.8 percent.

A summary of the results is available at http://www.hillandknowlton.com/techoutlook. Detailed survey results may be obtained by contacting Maureen Davenport.

About Hill and Knowlton, Inc.

Hill and Knowlton, Inc. is a leading international communications consultancy, providing services to local, multinational and global clients. The firm is based in New York, with 72 offices in 42 countries, as well as an extensive associate network. The agency is part of WPP , one of the world's largest communications services group.

Hill & Knowlton

CONTACT: Maureen Davenport for Hill & Knowlton, +1-202-944-1985

Web site: http://www.hillandknowlton.com/techoutlook

Ford Showcases Future of In-Car Satellite Communications at International CES 2008- Popular Ford SYNC system upgrades and other new in-car communications technologies to be unveiled at consumer electronics show on Sunday- Announcements include Ford's new SIRIUS Travel Link(TM) navigation system, which gives drivers and passengers up-to-the-minute information on current gas prices, traffic, coast-to-coast weather conditions, sports scores and movie listings

DEARBORN, Mich., Jan. 4 /PRNewswire-FirstCall/ --

- New SIRIUS Travel Link system is coupled to Ford's next-generation navigation - developed with industry leader Xanavi - The system includes full music "jukebox" capability - with space for up to 2,400 tracks and Gracenote(R) technology for album cover art and music voice control - All-new 2009 Lincoln MKS luxury sedan - on sale this summer - is first vehicle with Ford's full suite of new in-car communications technologies - Every new Ford, Lincoln and Mercury vehicle will be available with Ford's award-winning SYNC system by year end; 85 percent of Ford's retail volume will be offered with SYNC - including Bluetooth connectivity

Building on the success of SYNC, Ford Motor Company unveils the next generation of in-car communications at the International CES on Sunday.

The company will announce what comes next for SYNC - developed in partnership with Microsoft - as well as introduce International CES attendees to Ford's new SIRIUS Travel Link(TM) navigation system.

"Ford's goal is to deliver the smart, connected in-car experience that customers today demand and to lead the industry into a new era of in-vehicle connectivity," says Derrick Kuzak, Ford's group vice president of Global Product Development, who will attend the International CES, the world's largest consumer trade event and showcase for new technologies.

"Ford is answering the call with the best technology solutions from companies like Microsoft and SIRIUS, connecting customers with mobile devices, important information they need on the road and bringing the experience to life with the latest in navigation technology and branded audio," Kuzak adds.

SYNC is one of the rising stars in the auto industry today and is on track to reach 1 million sales in early 2009. SYNC connects people and their favorite portable devices while in the vehicle, including media players and Bluetooth-enabled mobile phones.

In addition to new SYNC features to be revealed at the International CES, Ford has confirmed that nearly every new Ford, Lincoln and Mercury vehicle will be available with SYNC by year end, when approximately 85 percent of company's retail volume will be offered with SYNC - including its Bluetooth connectivity.

Ford SIRIUS Travel Link(TM) navigation system

At the International CES, Ford also will announce it is moving in-car connectivity further forward with the launch of a next-generation navigation system, available for the first time ever with SIRIUS Travel Link.

With Travel Link, drivers and passengers will have access to up-to-the- minute information and entertainment content through the vehicle's navigation system. This includes: current gas prices from an estimated 120,000 filling stations; local, real-time traffic information for 78 markets; coast-to-coast weather conditions with five-day forecasts; sports scores, and movie listings.

Travel Link works through the existing SIRIUS satellite and repeater infrastructure - offering uninterrupted, coast-to-coast coverage. Specifically, the Ford SIRIUS Travel Link system provides information on:

-- Traffic Data: SIRIUS Travel Link combines real-time traffic speed and flow data with accident and incident information to allow the user to navigate around congested areas. -- Weather: SIRIUS Travel Link shows coast-to-coast weather data, current conditions and five-day forecasts, detailed storm cell information, hurricane and tropical storm tracking, local wind speeds, and even ski resort conditions. -- Fuel Prices: Drawing on information from more than 120,000 gas stations, SIRIUS Travel Link sorts fuel options by price, distance or alphabetically. If requested, the navigation system can route users to the gasoline station with the lowest fuel price. -- Sports: No matter your passion - NFL, NBA, MLB, NHL, NASCAR, NCAAF, NCAAB, and golf - SIRIUS Travel Link provides scores and schedules and can be personalized for the user's selected teams. -- Movies: With listings from more than 4,500 movie theaters, SIRIUS Travel Link helps consumers plan ahead by providing movie times, theater addresses, ratings and run lengths. Using the Ford navigation system, the data can be sorted by distance. If requested, the navigation system can route users to the selected movie theater.

"Having this information in a car is game-changing," said Doug Wilsterman, SIRIUS senior vice president and general manager for automotive OEMs. "This is technology that drivers will use everyday."

When introduced this summer, the all-new 2009 Lincoln MKS will be one of the first vehicles with Ford's full suite of new in-car communications technologies, including Travel Link. The service will be offered on multiple Ford, Lincoln, and Mercury vehicles by the end of the year.

A six-month introductory subscription to the SIRIUS Travel Link service - combined with the SIRIUS Satellite Radio audio service - will be included in every Ford, Lincoln and Mercury vehicle equipped with Ford's next-generation navigation system.

In-Car Communications Popularity Soars

American consumers increasingly expect to stay connected and enjoy instant access to information, studies show. Approximately 243 million Americans have mobile phones today and four of every five adults have regular access to the internet.

By 2009, trends indicate there will be as least 250 million portable media players in use.

A third of U.S. consumers are very interested in having Internet access in their vehicles, and the number is close to 50 percent for survey respondents between the ages of 16 and 25, according to a 2007 J.D. Power Automotive Emerging Technologies study.

"Consumers are increasingly demanding seamless connectivity between their house and office and car," noted Sheryl Connelly, Ford Global Trends and Futuring manager. "They want to be able to access information 'just in time' or on-demand, because they are used to having access to it wherever they go. More than anything, they want to stay connected and informed."

About Ford Motor Company

Ford Motor Company, a global automotive industry leader based in Dearborn, Mich., manufactures or distributes automobiles in 200 markets across six continents. With about 250,000 employees and about 100 plants worldwide, the company's core and affiliated automotive brands include Ford, Jaguar, Land Rover, Lincoln, Mercury, Volvo and Mazda. The company provides financial services through Ford Motor Credit Company. For more information regarding Ford's products, please visit http://www.ford.com/.

Ford Motor Company

CONTACT: Mark Schirmer, +1-313-390-8647, mschirme@ford.com, or Alan
Hall, +1-313-594-3744, Ahall32@ford.com, both of Ford Motor Company

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

The McGraw-Hill Companies to Present at the Citigroup 18th Annual Entertainment, Media and Telecommunications ConferencePresentation will be Webcast

NEW YORK, Jan. 4 /PRNewswire-FirstCall/ -- Harold McGraw III, chairman, president and CEO of The McGraw-Hill Companies , will present at the Citigroup 18th Annual Entertainment, Media and Telecommunications Conference in Phoenix, Arizona. Mr. McGraw is scheduled to speak on Tuesday, January 8, 2008 from 4:30 p.m. to 5:05 p.m. Mountain Time (6:30 p.m. to 7:05 p.m. Eastern Time). The presentation will be webcast and may include forward- looking information.

Webcast Instructions: Live and Replay

Interested parties may listen to a live audio-only webcast that will be available through the Corporation's Investor Relations Website at http://www.mcgraw-hill.com/investor_relations. An audio replay will be available beginning two hours after the presentation and will remain accessible for seven days, ending on January 15, 2008. Listeners will need Windows MediaPlayer.

The prepared remarks and slides will be available for downloading the next business day from the Investor Presentations section of the Corporation's Investor Relations Website at http://www.mcgraw-hill.com/investor_relations. Additional information presented during the conference presentation may be made available on the Investor Presentations page.

About The McGraw-Hill Companies:

Founded in 1888, The McGraw-Hill Companies is a leading global information services provider meeting worldwide needs in the financial services, education and business information markets through leading brands such as Standard & Poor's, McGraw-Hill Education, BusinessWeek and J.D. Power and Associates. The Corporation has more than 280 offices in 40 countries. Sales in 2006 were $6.3 billion. Additional information is available at http://www.mcgraw-hill.com/.

Release issued: January 4, 2008

The McGraw-Hill Companies

CONTACT: Investor Relations:
Donald S. Rubin
Senior Vice President, Investor Relations
(212) 512-4321 (office)
donald_rubin@mcgraw-hill.com;
Media Relations:
Steven Weiss
Vice President, Corporate Communications
(212) 512-2247 (office)
(917) 699-9389 (mobile)
steven_weiss@mcgraw-hill.com;
Frank Briamonte
Senior Director, Corporate Communications
(212) 512-4145 (office)
(201) 725-6133 (mobile)
frank_briamonte@mcgraw-hill.com

Web site: http://www.mcgraw-hill.com/
http://www.mcgraw-hill.com/investor_relations

Morningstar Selects Robert S. Silberman of Strayer Education, Inc. as its 2007 CEO of the YearCEO of fastest-growing education company is passionate about quality education for all

CHICAGO, Jan. 4 /PRNewswire-FirstCall/ -- Morningstar, Inc. , a leading provider of independent investment research, today named Robert S. Silberman of Strayer Education, Inc. as its 2007 CEO of the Year. Morningstar's annual award recognizes a chief executive who exhibits exemplary corporate stewardship, demonstrates independent thinking, creates lasting value for shareholders, and has put his or her stamp on an industry. Strayer Education, Inc., based in Arlington, Va., is a for-profit education company with 51 campuses in 12 states and Washington, D.C. It serves students in all 50 states and 30 different countries through its online programs.

"Strayer is one of the top-performing companies in the for-profit education industry, and much of that is due to CEO Robert S. Silberman's stewardship," said Paul Larson, equities strategist and editor of Morningstar StockInvestor. "Silberman has encouraged a corporate culture dedicated to making quality education available to everyone, and in the process has achieved remarkable results."

Under Silberman's leadership, Strayer has compiled an impressive track record:

-- In 2007, the stock had a total return of 64 percent. Since the year 2000, the stock is up more than eight-fold. -- Graduate and undergraduate enrollment growth was 16.5 percent in 2007, while competitors struggled and some had declining enrollments in those areas. -- Compound annual revenue growth has topped 21 percent during the last three years, with the company expected to experience similar growth in 2008. -- Among the six publicly traded for-profit education companies followed by Morningstar, it is the fastest-growing education company with the best operating margins in the industry. -- The company avoided the stock option backdating and other regulatory challenges faced by its competitors.

Silberman has been the CEO of Strayer since 2001 and became chairman in 2003. Before joining Strayer in 2001, he was president and chief operating officer of CalEnergy (now a subsidiary of Berkshire Hathaway (BRK.B)) and was assistant to the chairman and chief executive officer of International Paper (IP). Silberman also served during the first Bush administration as U.S. assistant secretary of the Army in the Department of Defense.

Morningstar considers Strayer to have a wide economic moat -- a sustainable competitive advantage -- because of the industry's strict regulatory barriers to entry, government-aided financing, and a limited number of competitors focusing on adult education. Silberman and his team have also created a strong brand in their industry, at times maintaining long-term quality at the expense of short-term growth. Policies that align the interests of Strayer employees and executives with those of shareholders earn the company a Morningstar Stewardship Grade of "A" -- one of the few companies that has received a high grade.

"Ideally, we would like to see Strayer split the roles of CEO and chairman, but overall, we feel the management team is an excellent steward of shareholder capital," Larson said. "Strayer grants employees restricted stock as opposed to stock options, which gives employees downside risk and aligns their interests with those of common shareholders. Also, at least 50 percent of each board member's compensation is made up of restricted stock. In another example, Strayer management considers returns on invested capital a primary metric in making investment decisions. These kinds of practices reflect the company's shareholder friendliness."

Silberman and Strayer executives are also significant shareholders in the business. Silberman owns 2.3 percent of the company's stock, and all executive officers combined own 3.8 percent of the stock.

The Morningstar CEO of the Year award, introduced in January 2000, recognizes leaders who maximize shareholder value and demonstrate independent thinking. Winners are chosen by Morningstar stock analysts based on Morningstar's independent research.

For Morningstar's article about the winner, go to: http://www.morningstar.com/goto/ceooy

For the complete list of past winners, go to: http://corporate.morningstar.com/CEOhalloffame

About Morningstar, Inc.

Morningstar, Inc. is a leading provider of independent investment research in the United States and in major international markets. The company offers an extensive line of Internet, software, and print-based products and services for individuals, financial advisors, and institutions. Morningstar provides data on more than 260,000 investment offerings, including stocks, mutual funds, and similar vehicles. The company has operations in 18 countries and minority ownership positions in companies based in three other countries.

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

This press release contains forward-looking statements. These statements relate to future events or to future financial performance and involve known and unknown risks, uncertainties, and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by the use of words such as "may," "could," "expect," "intend," "plan," "seek," "anticipate," "believe," "estimate," "predict," "potential," or "continue" or the negative of these terms or other comparable terminology. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties and other factors that are, in some cases, beyond our control and that could materially affect actual results, levels of activity, performance, or achievements.

Other factors that could materially affect actual results, levels of activity, performance, or achievements can be found in Morningstar's filings with the SEC, including Morningstar's Annual Report on Form 10-K for the year ended Dec. 31, 2006. If any of these risks or uncertainties materialize, or if our underlying assumptions prove to be incorrect, actual results may vary significantly from what we projected. Any forward-looking statement you read in this press release reflects our current views with respect to future events and is subject to these and other risks, uncertainties, and assumptions relating to our operations, results of operations, growth strategy, and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, whether as a result of new information, future events, or otherwise.

(C)2008 Morningstar, Inc. All rights reserved. Media Contacts: Morningstar: Courtney Goethals Dobrow, 312-696-6241, courtney.dobrow@morningstar.com Strayer Education, Inc.: Sonya Udler, 703-247-2517, sonya.udler@strayer.edu

Morningstar, Inc.

CONTACT: Courtney Goethals Dobrow of Morningstar, Inc., +1-312-696-6241,
courtney.dobrow@morningstar.com; or Sonya Udler of Strayer Education, Inc.,
+1-703-247-2517, sonya.udler@strayer.edu

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

Smooth Global (China) Holdings, Inc Announces Letter to Shareholders

BEIJING, Jan. 4 /Xinhua-PRNewswire-FirstCall/ -- The Smooth Global (China) Holdings, Inc. (BULLETIN BOARD: SMGH) ("SMGH" or "Company"), a leading provider of International Call Forwarding Services in China, announced today that Zheng Shuying, CEO of the Company, will issue a letter to its shareholders of record. This letter to shareholders aims to provide more information about the Company and upcoming events. The Company has chosen to issue this shareholder letter, as part of this press release, to take advantage of the speed and economy of today's internet world. The text of this letter is provided below:

January 4, 2007 To the Smooth Global (China) Holdings, Inc. shareholders This letter will address the following important topics: The established website of our Company The new acquisition of GRT The future developments 1. The building of the website

We have created a website providing information about our Company for shareholders and investors. We aim to update the information as often as possible so that interested parties will know more about our Company's events and product developments.

2. The acquisition of Beijing GRT Information Services Limited

On November 12, 2007, the Company announced it had successfully acquired all the equity interest of Beijing GRT Information Services Limited (" Beijing GRT"). Beijing GRT is engaged in the business of providing telecommunications services in the People's Republic of China. It focuses on providing Chinese outbound travelers international call forwarding services ("ICFS"), and Beijing GRT is the first and only operator to provide international call forwarding services to outbound travelers in China. Our business model is to sign sales agent contracts with selected agents for the distribution of our mobile sim cards, which are to be used in the country where the traveler is going outbound. We will receive as non-refundable fixed entrance fee from the agent and a minimum quota of selling the foreign mobile sim-cards. The September results for Beijing GRT were very encouraging with recorded revenue of about $985,000 for the first nine months. Bear in mind that the Company started its business in Shanghai only.

3. Outlook for 2008

As we continue to generate monthly recurring revenue from the newly acquired ICFS business and other existing business, we expect 2008 to be the year with enormous growth for the Company. First of all, we will expand our business by opening new branches in 20 selected cities. We plan to establish more sales agents for the ICFS in various cities across China. To take advantage of the rapid growth in the outbound travelers sectors and the higher income of Chinese people, we will increase our sales agents to satisfy the demand of ICFS services with additional advertisements to support our goal. Remember, Beijing GRT has achieved revenue of about $985,000 for the first nine months from one city and we are targeting to open branches in 20 cities. Secondly, we will source other companies with good distribution channels to be our strategic partners in order to expand our business quickly. We expect to begin generating positive cash flow from operating activities and profit from operations during the first half of 2008.

About Smooth Global (China) Holdings, Inc.

Smooth Global (China) Holdings, Inc. was organized under the name Bralorne Mining Company (the "Company") under the laws of the State of Nevada on December 2, 1998. On November 2, 2006, The Company acquired all of the outstanding capital stock of Gold Profit (Asia) Group Limited ("Gold Profit"), which owns 100% of the registered capital of Beijing Quan Tong Chang Information Service Limited ("Beijing QTC"). Beijing QTC is a telecommunications service provider that delivers economical voice and data services domestically and internationally throughout China. It is engaged in the business of distributing telephone services through public pay phones and is also in the business of developing Internet phone solutions for commercial customers, focusing on a convenient local, domestic and international long distance call service with competitive price. On July 31, 2007, it changed its name to Smooth Global (China) Holdings, Inc. The Company contracted with the subsidiaries of China Netcom Group Corporation (Hong Kong) Limited, namely China Netcom (Shaoxing) Corporation Limited and China Netcom (Guangdong) Corporation Limited to distribute their VoIP call time in China. On October 24, 2007, the Company acquired 100% equity interest on Smooth Global Services Limited, which holds Beijing GRT Information Services Limited ("Beijing GRT"), a company providing International Call Forwarding Services ("ICFS"). Beijing GRT entered into the international call forwarding business by obtaining a license from China Netcom (Group) Company Ltd. Shanghai Branch and a license from China Netcom (Group) Company Ltd. Shaoxing Branch. The licenses were acquired in connection with the purchase by Beijing GRT of 2000 local telephone numbers. The licenses provide that the carriers will facilitate the international call forwarding business of Beijing GRT by (1) waiving all monthly fees for the company's local numbers, (2) guaranteeing Beijing GRT its lowest per-unit fee, and (3) assuring Beijing GRT that it will retain the local numbers for at least three years. The Company will focus international call forwarding to its lines of business.

Forward-looking statements

This report 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. All statements other than statements of historical facts included in this report are forward-looking statements. Forward-looking statements involve risks and uncertainties including, but not limited to, economic and political factors; developments of the Chinese and North American markets and changes in regulatory matters; our business strategies and future plans of operations; the market acceptance and amount of sales of our products and services; our historical losses; the competitive environment within the industries in which we compete; and our ability to raise additional capital, currently needed for expansion.

The Company cautions that forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements due to several important factors.

Smooth Global (China) Holding, Inc.

CONTACT: Mr. David Guo of Smooth Global (China) Holdings, Inc., +86-10-
6496-0170, or BLNM8899@yahoo.com

Tyco Electronics to Report Fiscal First Quarter Results on Feb. 6, 2008

PEMBROKE, Bermuda, Jan. 4 /PRNewswire-FirstCall/ -- Tyco Electronics Ltd. will report fiscal first quarter results before trading begins on Wednesday, Feb. 6, 2008. The company will hold a conference call for investors at 8:30 a.m. EST. The call can be accessed in the following ways:

-- At Tyco Electronics' website: http://investors.tycoelectronics.com/. -- By telephone: For both "listen-only" participants and those participants who wish to take part in the question-and-answer portion of the call, the telephone dial-in number in the United States is (800) 230-1766. The telephone dial-in number for participants outside the United States is (612) 332-0418. -- An audio replay of the conference call will be available beginning at 10:30 a.m. on Feb. 6, 2008 and ending at 11:59 p.m. on Feb. 13, 2008. The dial-in number for participants in the United States is (800) 475-6701. For participants outside the United States, the replay dial-in number is (320) 365-3844. The replay access code for all callers is 904795.

Tyco Electronics Ltd. is a leading global provider of engineered electronic components, network solutions, wireless systems and undersea telecommunication systems, with fiscal 2007 sales of US$13.5 billion to customers in more than 150 countries. We design, manufacture and market products for customers in industries from automotive, appliance and aerospace and defense to telecommunications, computers and consumer electronics. With approximately 8,000 engineers and worldwide manufacturing, sales and customer service capabilities, Tyco Electronics' commitment is our customers' advantage. More information on Tyco Electronics can be found at http://www.tycoelectronics.com/.

Tyco Electronics Ltd.

CONTACT: Media Relations, Sheri Woodruff, Office, +1-610-893-9555,
Mobile, +1-609-933-9243, swoodruff@tycoelectronics.com, or Investor Relations,
John Roselli, Office, +1-610-893-9559, john.roselli@tycoelectronics.com, or
Keith Kolstrom, Office, +1-610-893-9551, keith.kolstrom@tycoelectronics.com,
all of Tyco Electronics Ltd.

Web site: http://www.tycoelectronics.com/
http://investors.tycoelectronics.com/

Paul Spingola Promoted to Director of Promotion & New Media for WTNH News Channel 8 & WCTX MyTV9

NEW HAVEN, Conn., Jan. 4 /PRNewswire/ -- WTNH & WCTX are pleased to announce the promotion of Paul Spingola to Director of Promotion & New Media, effective immediately. Prior to this move, Spingola served as the Director of Promotion and Brand Management for WTNH News Channel 8 & WCTX MyTV9.

(Logo: http://www.newscom.com/cgi-bin/prnh/20080104/NYF006LOGO )

In his new role, Spingola will oversee content, marketing and development for all online and mobile initiatives associated with WTNH News Channel 8 & WCTX MyTV9. Over the past year, the television stations have expanded their platforms to include: wtnh.com, myZone.tv, huskiesallaccess.com, connpolitics.com and mobilewtnh.com. Spingola will also continue to manage the on-air and outside media promotion of the stations' programming and News Channel 8 newscasts.

"As the television business continues to evolve, we need someone who can help us maximize our opportunities in the new media landscape," said Jon Hitchcock, Vice-President and General Manager of WTNH and WCTX. "Paul has the experience and ability to take on that leadership role."

During his tenure at WTNH & WCTX Paul Spingola has served as Director of Promotion and Brand Management, Creative Services Director, and Promotion manager. He is also a past president of the ABC affiliate Marketing Advisory Board.

About the Company

WTNH-TV and WCTX-TV are LIN Television stations. LIN TV delivers quality television, digital media and online news operations through 29 owned and/or operated television stations and 30 websites in 17 cities located primarily in the top 100 markets, servicing 9.25% of U.S. television households.

LIN TV has and continues to identify and implement innovative business strategies, including being an early adopter of digital television, in order to provide superior viewing quality to our customers. Financial information and overviews of our stations are available at http://www.lintv.com/.

Photo: http://www.newscom.com/cgi-bin/prnh/20080104/NYF006LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com WTNH-TV and WCTX-TV

CONTACT: Karen Zeitlin of WTNH-TV, +1-203-784-8854,
Karen.Zeitlin@wtnh.com

Web site: http://www.wtnh.com/
http://www.lintv.com/

PECO II Chairman and CEO Takes on Additional Responsibilities as CFO and Treasurer, Will Continue to Take Half of Salary in Restricted Stock as Act of Confidence in Company

GALION, Ohio, Jan. 4 /PRNewswire-FirstCall/ -- PECO II, Inc. , a full-service provider of engineering and installation on-site services and a manufacturer of communications power systems and equipment to the communications industry, announced today the election of Chairman, President and Chief Executive Officer John G. Heindel to the additional positions of Chief Financial Officer and Treasurer and his appointment as Principal Financial Officer, effective January 1, 2008.

The positions were previously held by Sandra A. Frankhouse, who resigned as Chief Financial Officer, Treasurer and Secretary, effective December 31, 2007. In addition, PECO II announced the election of Kevin Borders, Vice President, Marketing and Product Development, to the additional position of Secretary and the appointment of Scott Wallace, Corporate Controller, to the additional position of Principal Accounting Officer, also effective January 1, 2008.

The Company also announced that the Board of Directors has approved a proposal under which half of Heindel's base salary for the first quarter of 2008 will be paid in restricted stock instead of cash. A similar arrangement was in place for the fourth quarter of 2007, reflecting Heindel's strong confidence in PECO II's future and continued commitment to enhancing shareholder value.

For the period January 1 to March 31, 2008, half of Heindel's base salary will be payable in cash. The other half will be payable in the form of 43,333 shares of the Company's restricted stock, which will vest in three installments during that period.

Heindel became President of PECO II in July 2005 and Chairman of the Board in June 2006. He has been a member of the Company's Board of Directors since July 2005.

About PECO II, Inc.

PECO II, headquartered in Galion, Ohio, provides engineering and on-site installation services and designs, manufactures and markets communications power systems and power distribution equipment. As the largest independent full-service provider of telecommunications power systems, the Company provides total power quality and reliability solutions, and supports the power infrastructure needs of communications service providers in the local exchange, long-distance, wireless, broadband and Internet markets. Additional information about PECO II can be found at http://www.peco2.com/.

PECO II, Inc.

CONTACT: John G. Heindel, Chairman, President and Chief Executive
Officer, +1-419-468-7600

Web site: http://www.peco2.com/

SafePay Terminates SafePay Solutions AgreementCompany to Change Name, Pursue New Technology

ALISO VIEJO, Calif., Jan. 4 /PRNewswire-FirstCall/ -- SafePay Solutions, Inc., a Delaware corporation (Pink Sheets: SFPS) announced today that its Board of Directors has terminated its agreement with SafePay Solutions, Inc., the original Nevada corporation, whereby SafePay Delaware was to acquire SafePay Nevada's online payment processing technology. SafePay Delaware will change its name and plans to pursue a new business model in the technology sector.

The SafePay Board of Directors originally notified SafePay Nevada of the termination on or about June 25, 2007. SafePay Nevada acknowledged the termination on or about August 17, 2007.

In addition, SafePay's Board of Directors also ceased all ongoing acquisition negotiations and has directed the Chief Executive Officer to review all agreements connected with the SafePay Nevada transaction and report back to the board. As part of the termination, all shares issued and/or transferred by either of the parties in connection with the original acquisition transaction have been cancelled and/or returned to each respective entity.

About SafePay

SafePay is currently in the process of changing its name and adopting a new business model. The new business model is anticipated to be in the technology sector.

Notes about forward-looking statements

Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties.

CONTACT: Tim Jilbert 949-766-6994

SafePay Solutions, Inc.

CONTACT: Tim Jilbert of SafePay Solutions, Inc., +1-949-766-6994