Coherent, Inc. Reports First Fiscal Quarter Results; Announces NASDAQ Re-listing Date

SANTA CLARA, Calif., Feb. 12 /PRNewswire-FirstCall/ -- Coherent, Inc. (Pink Sheets: COHR) today announced financial results for its first fiscal quarter ended December 29, 2007, posting sales of $144.3 million and net income, on a U.S. generally accepted accounting principles basis (GAAP), of $4.7 million or $0.15 per diluted share compared to net sales of $147.5 million and net income of $10.8 million or $0.33 per diluted share for the first quarter of fiscal 2007. The Company also received confirmation that its shares of common stock will be re-listed on the NASDAQ Global Select Market with the opening of trading on Thursday, February 14, 2008 under the symbol, "COHR".

Net income for the first quarter of fiscal 2008 included an after tax charge of $2.8 million related to our restatement of financial statements and litigation resulting from our internal stock option investigation ($0.09 per diluted share) and after tax stock-based compensation expense of $1.9 million ($0.06 per diluted share). Excluding these charges, non-GAAP net income was $9.5 million or $0.30 per diluted share. GAAP net income for the first quarter of fiscal 2007 included an after tax charge of $1.0 million ($0.03 per diluted share) of stock option investigation costs, $2.2 million stock-based compensation expense, net of tax ($0.07 per diluted share) and a one-time tax benefit of $2.1 million ($0.07 per diluted share). Excluding these charges and the one-time benefit, non-GAAP net income for the first quarter of fiscal 2007 was $11.8 million or $0.37 per diluted share.

Orders received during the three months ended December 29, 2007 of $154.9 million increased 13.7% from the same prior year period and decreased by 5.4% compared to orders received in the immediately preceding quarter. The book-to-bill ratio was 1.07, resulting in backlog of $198.4 million at December 29, 2007 compared to a backlog of $188.4 million at September 29, 2007.

"The combined effect of seasonality and certain customers' inventory positions led to seasonally typical first quarter revenues. Any concerns around short-term revenue performance are more than offset by a strong inflow of orders," said John Ambroseo, Coherent's President and Chief Executive Officer. "We posted double-digit growth in bookings in the microelectronics, materials processing and OEM components and instrumentation markets as compared to the first quarter of fiscal 2007. We are also encouraged by the early feedback on our recently launched E-Series carbon dioxide laser system, which utilizes new design elements that facilitate ease of integration and scalability while significantly lowering the cost of ownership," he added.

At December 29, 2007, Coherent's cash, cash equivalents and short term investments totaled $388.4 million representing an increase of $26.5 million compared to September 29, 2007. The increase includes the receipt of the proceeds of approximately $16 million from the sale of the Auburn campus and the sale of the assets of our Coherent Imaging Optics Limited subsidiary in the prior quarter.

"With our imminent re-listing on the NASDAQ Global Select Market, and a track record of strong cash flows, we are in a position to launch a substantial stock repurchase program," commented John Ambroseo. "The buyback coupled with our previously announced three-year EBITDA goals provides a compelling opportunity for our shareholders," he added. For more information regarding Coherent's share repurchase program, please refer to the Company's Form 8-K filed with the Securities Exchange Commission on February 12, 2008.

Summarized statement of operations information is as follows (unaudited, in thousands except per share data): Three Months Ended Dec. 29, Sept. 29, Dec. 30, 2007 2007 2006 Net sales $144,296 $158,920 $147,509 Cost of sales (A) 83,802 92,494 85,535 Gross profit 60,494 66,426 61,974 Operating expenses: Research & development (A) 18,319 18,047 18,322 Selling, general & administrative (A) (B) (C) 38,818 43,979 33,484 Restructuring, impairment and other charges - - 137 Intangibles amortization 2,206 2,174 1,943 Total operating expenses 59,343 64,200 53,886 Income from operations 1,151 2,226 8,088 Other income, net (D) 5,881 1,415 5,274 Income before income taxes 7,032 3,641 13,362 Provision for income taxes (E) 2,303 4,967 2,604 Net income (loss) $4,729 $(1,326) $10,758 Net income (loss) per share: Basic $0.15 $(0.04) $0.34 Diluted $0.15 $(0.04) $0.33 Shares used in computation: Basic 31,417 31,417 31,339 Diluted 31,959 31,417 32,125 (A) The quarter ended December 29, 2007 includes $2,705 ($1,933 net of tax ($0.06 per diluted share)) of stock-based compensation expense as required by SFAS 123(R). Pretax stock-based compensation expense is recorded in the statement lines as follows: $385 to cost of sales; $320 to research and development; and $2,000 to selling, general and administrative. The quarter ended September 29, 2007 includes $1,089 ($938 net of tax ($0.03 per diluted share)) of stock-based compensation expense as required by SFAS 123(R). Pretax stock-based compensation expense is recorded in the statement lines as follows: $300 to cost of sales; $192 to research and development; and $597 to selling, general and administrative. The quarter ended December 30, 2006 includes $3,492 ($2,191 net of tax ($0.07 per diluted share)) of stock-based compensation expense as required by SFAS 123(R). Pretax stock-based compensation expense is recorded in the statement lines as follows: $437 to cost of sales; $560 to research and development; and $2,495 to selling, general and administrative. (B) The quarter ended December 29, 2007 includes $4,749 ($2,849 net of tax ($0.09 per diluted share)) of costs related to our restatement of financial statements and litigation resulting from our internal stock option investigation. The quarter ended September 29, 2007 includes $2,748 ($1,677 net of tax ($0.05 per diluted share)) of costs related to our restatement of financial statements and litigation resulting from our internal stock option investigation. The quarter ended December 30, 2006 includes $1,710 ($1,026 net of tax ($0.03 per diluted share)) of costs related to our internal stock option investigation. (C) The quarter ended September 29, 2007 includes a capital loss of $12,569 ($0.40 per diluted share) on the sale of our Auburn campus in Auburn, California, and a capital gain of $3,566 ($0.11 per diluted share) on the sale of our Condensa building in Santa Clara. (D) The quarter ended September 29, 2007 includes a $4,286 charge ($2,614 net of tax ($0.08 per diluted share)) to write off unamortized capitalized deferred issuance costs associated with the repayment of our convertible subordinated notes and a $973 ($681 net of tax ($0.02 per diluted share)) gain on the sale of substantially all of the net assets of our Coherent Imaging Optics Limited subsidiary (CIOL). (E) The quarter ended December 30, 2006 includes a tax benefit of $2,147 ($0.07 per diluted share) due to reinstatement of the research and development tax credit. Summarized balance sheet information is as follows (unaudited, in thousands): Dec. 29, Sept. 29, ASSETS 2007 2007 Current assets: Cash, cash equivalents and short-term investments $388,364 $361,823 Restricted cash (A) 2,514 2,460 Accounts receivable, net 96,971 102,314 Inventories 112,889 112,893 Prepaid expenses and other assets 87,094 86,088 Total current assets 687,832 665,578 Property and equipment, net 102,796 104,305 Other assets 193,577 177,717 Total assets $984,205 $947,600 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Current portion of long-term obligations $9 $9 Accounts payable 26,585 27,849 Other current liabilities 88,725 100,887 Total current liabilities 115,319 128,745 Other long-term liabilities 88,902 47,869 Total stockholders' equity 779,984 770,986 Total liabilities and stockholders' equity $984,205 $947,600 (A) Represents cash, cash equivalents and short-term investments for remaining close out costs associated with our purchase of the remaining outstanding shares of Lambda Physik AG. Reconciliation of GAAP to Non-GAAP net income (loss) (unaudited, in thousands, after-tax): Three Months Ended Dec. 29, Sept. 29, Dec. 30, 2007 2007 2006 GAAP net income (loss) $4,729 $(1,326) $10,758 Stock option investigation and related restatement of financial statements, and litigation expenses 2,849 1,677 1,026 Stock-based compensation expense 1,933 938 2,190 Capital gain on sale of Condensa facility - (3,566) - Capital loss on sale of Auburn campus - 12,569 - Write-off of unamortized capitalized deferred bond issuance costs - 2,614 - One-time tax benefit - - (2,147) Gain on sale of substantially all assets of CIOL - (681) - Non-GAAP net income $9,511 $12,225 $11,827 Non-GAAP net income per diluted share $0.30 $0.39 $0.37

The Company's conference call scheduled for 1:30 p.m. PT today will include discussions relative to the current quarter results and some comments regarding forward looking guidance on future operating performance. Readers are encouraged to refer to the risk disclosures described in the Company's reports on Forms 10-K, 10-Q and 8-K, as applicable and as filed from time-to-time by the Company.

Forward-Looking Statements

This press release contains forward-looking statements, as defined under the Federal securities laws. These forward-looking statements include the statements in this press release that relate to adjusted EBITDA percentage goals. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause our actual results to differ materially and adversely from those expressed in any forward-looking statement. Factors that could cause actual results to differ materially include risks and uncertainties, including but not limited to risks associated with quarterly and annual fluctuations in our net sales and operating results, our exposure to risks associated with worldwide economic slowdowns, our ability to increase our sales volumes and decrease our costs, and other risks identified in the Company's SEC filings. Readers are encouraged to refer to the risk disclosures described in the Company's reports on Forms 10-K, 10-Q and 8-K, as applicable and as filed from time-to-time by the Company. Actual results, events and performance may differ materially from those presented herein. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to update these forward-looking statements as a result of events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Founded in 1966, Coherent, Inc. is a world leader in providing photonics based solutions to the commercial and scientific research markets.

Please direct any questions to Leen Simonet, Chief Financial Officer at 408-764-4161. For more information about Coherent, visit the Company's Web site at http://www.coherent.com/ for product and financial updates.

THIS PRESS RELEASE IS FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE AN OFFER TO BUY OR THE SOLICITATION OF AN OFFER TO SELL SHARES OF COHERENT INC. COMMON STOCK. THE TENDER OFFER IS BEING MADE ONLY PURSUANT TO THE OFFER TO PURCHASE, LETTER OF TRANSMITTAL AND RELATED MATERIALS THAT COHERENT WILL DISTRIBUTE TO ITS STOCKHOLDERS AFTER COHERENT, INC. FILES WITH THE SECURITIES AND EXCHANGE COMMISSION ITS "SCHEDULE TO" AND OFFER TO PURCHASE. STOCKHOLDERS AND INVESTORS SHOULD READ CAREFULLY THE OFFER TO PURCHASE, LETTER OF TRANSMITTAL AND RELATED MATERIALS BECAUSE THEY CONTAIN IMPORTANT INFORMATION, INCLUDING THE VARIOUS TERMS OF, AND CONDITIONS TO, THE TENDER OFFER. AFTER COHERENT, INC. FILES ITS "SCHEDULE TO" AND OFFER TO PURCHASE WITH THE SECURITIES AND EXCHANGE COMMISSION ON FEBRUARY 15, 2008, STOCKHOLDERS AND INVESTORS MAY OBTAIN A FREE COPY OF THE TENDER OFFER STATEMENT ON "SCHEDULE TO," THE OFFER TO PURCHASE, LETTER OF TRANSMITTAL AND OTHER DOCUMENTS THAT COHERENT WILL BE FILING WITH THE SECURITIES AND EXCHANGE COMMISSION AT THE COMMISSION'S WEBSITE AT http://www.sec.gov/ OR BY CONTACTING GEORGESON SHAREHOLDER COMMUNICATIONS INC., THE INFORMATION AGENT FOR THE TENDER OFFER, AT 1 877-868-4962. STOCKHOLDERS ARE URGED TO CAREFULLY READ THESE MATERIALS PRIOR TO MAKING ANY DECISION WITH RESPECT TO THE TENDER OFFER.

Coherent, Inc.

CONTACT: Leen Simonet of Coherent, Inc., +1-408-764-4161

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

ANADIGICS Announces Fourth Quarter and Full Year 2007 ResultsAchieves Record Quarterly Net Sales of $67.6 million; up 13.5% sequentially and 39.4% From Year Ago QuarterAchieves Full-Year Net Sales of $230.6 million; up 38.5% From Full-Year 2006Delivers Quarterly GAAP EPS of $0.05; Pro Forma Diluted EPS of $0.13Delivers Full-Year GAAP EPS of $0.10; Pro Forma Diluted EPS of $0.39

WARREN, N.J., Feb. 12 /PRNewswire-FirstCall/ -- ANADIGICS, Inc. , a leading provider of semiconductor solutions in the rapidly growing broadband wireless and wireline communications markets, reported record fourth quarter 2007 net sales of $67.6 million, an increase of 13.5% compared with net sales of $59.5 million in the prior quarter, and an increase of 39.4% compared to net sales of $48.5 million in the year ago quarter.

Net income was $2.9 million, or $0.05 per share, compared with $2.4 million, or $0.04 per share, in the prior quarter and net loss of $0.1 million, or $0.00 per share, in the year ago quarter. Pro forma income for the fourth quarter 2007, which excludes non-cash stock compensation expense, discontinued operations and an impairment charge of $1.0 million on the company's investments in auction rate securities, was $7.8 million, or $0.13 per diluted share, compared with $6.5 million, or $0.11 per diluted share, in the prior quarter and $3.0 million, or $0.07 per diluted share, in the year ago quarter.

For the twelve months ended December 31, 2007, net sales were $230.6 million, an increase of 38.5%, compared with net sales of $166.4 million in the year ended December 31, 2006. Net income was $6.0 million, or $0.10 per diluted share, compared with a net loss of $8.8 million, or $0.20 per share. Pro forma income for the twelve months ended December 31, 2007, which excludes non-cash stock compensation expense, discontinued operations and an impairment charge on the company's investments in auction rate securities, was $23.1 million, or $0.39 per diluted share, compared with a pro forma income of $0.3 million, or $0.01 per share, in the prior year.

"ANADIGICS momentum in 3G and WLAN/WiMAX continued to accelerate at a solid pace with sequential revenue growth in the fourth quarter of 37.9% and 19.5%, respectively. We are expecting to buck seasonality in Wireless in the first quarter while working to build further market share with our top tier customers," said Dr. Bami Bastani, President and Chief Executive Officer of ANADIGICS. "Additionally, we continue to improve our manufacturing efficiencies and our production capacity plans continue to progress through equipment expansion in our New Jersey fab, qualifying external foundries and building our next fab in China."

As of December 31, 2007 cash and short and long-term marketable securities totaled $176.8 million compared with $176.4 million at September 29, 2007.

"We demonstrated continuous improvements in our manufacturing operation leading to higher than anticipated gross margins in the fourth quarter," said Tom Shields, Executive Vice President and Chief Financial Officer. "However, in the first quarter, we are expecting an unfavorable product mix shift related to lower revenue from cable infrastructure and increased investments in manufacturing, which will lower gross margins from the fourth quarter. We believe this shift is temporary, and therefore, we expect that we are better positioned to resume quarterly gross margin expansion in the second quarter."

Outlook for the First Quarter 2008

Net sales for the first quarter 2008 are expected to be unaffected by the typical industry seasonality and are estimated to be in the range of $68.0 million to $70.0 million, led by expected growth in wireless and WLAN. Net sales at this level would represent an approximate 37% to 41% increase on a comparable basis with first quarter 2007. Net income per share on a GAAP basis for the first quarter 2008 is expected to approximate $0.02 to $0.03. Pro forma diluted earnings per share, excluding non-cash stock compensation expense, are expected in the range of approximately $0.09 to $0.11, due to increased funding for manufacturing production in our New Jersey fab to meet customer demand, increased R&D investments and lower revenue in cable infrastructure, compared with the fourth quarter 2007. However, cable infrastructure may resume growth in the second quarter as customer orders and customer forecasts for the second quarter are stronger than in the first quarter. The net income and pro forma diluted earnings per share are based upon an estimated diluted weighted average outstanding common share count of 61.5 million.

The statements regarding outlook are forward looking and actual results may differ materially. Please see safe harbor statement at the end of the press release.

This press release includes financial measures that are not in accordance with GAAP, consisting of non-GAAP, or pro forma, net income or loss and non- GAAP, or pro forma, income or loss per share. Management uses non-GAAP net income or loss and non-GAAP income or loss per share to evaluate the company's operating and financial performance in light of business objectives, for planning purposes, when publicly providing our business outlook and to facilitate period-to-period comparisons. ANADIGICS believes that these measures are useful to investors because they enhance investors' ability to review the company's business from the same perspective as the company's management and facilitate comparisons of this period's results with prior periods. These non-GAAP measures exclude charges related to stock-based compensation, an impairment of auction rate securities and discontinued operations. Non-GAAP measures are used by some investors when assessing the performance of our Company. These financial measures are not in accordance with GAAP and may differ from non-GAAP methods of accounting and reporting used by other companies. Management acknowledges that stock-based compensation is a recurring cost and is an important part of our employee's compensation and impacts their performance. However the expense is non-cash in nature and there are various valuation methodologies and assumptions used in determining stock-based compensation that may be unrelated to operations, such as volatility and current interest rates. The presentation of the additional information should not be considered a substitute for net income or loss or income or loss per share prepared in accordance with GAAP.

Limitations of non-GAAP financial measures. The primary material limitations associated with the use of non-GAAP measures as compared to the most directly comparable GAAP financial measures are (i) they may not be comparable to similarly titled measures used by other companies in ANAD's industry, and (ii) they exclude financial information that some may consider important in evaluating our performance. We compensate for these limitations by providing reconciliations of reported net income or loss and income or loss per share to non-GAAP net income or net loss and non-GAAP income or loss per share, respectively, within this press release.

Conference Call

ANADIGICS' senior management will conduct a conference call today at 5:00 PM Eastern time. A live audio Webcast will be available at http://www.anadigics.com/. A recording of the call will be available approximately two hours after the end of the call on the ANADIGICS Web site or by dialing (800) 388-5895 (available until February 19).

Recent Highlights

November 27, 2007 - ANADIGICS Selects Rochester Electronics as Distributor for Obsolete Products

November 16, 2007 - New Jersey Technology Council Names ANADIGICS its "Electronics Company of the Year"

About ANADIGICS, Inc.

ANADIGICS, Inc. is a leading provider of semiconductor solutions in the rapidly growing broadband wireless and wireline communications markets. The Company's products include power amplifiers, tuner integrated circuits, active splitters, line amplifiers, and other components, which can be sold individually or packaged as integrated radio frequency and front end modules.

Safe Harbor Statement

Except for historical information contained herein, this press release contains projections and other forward-looking statements (as that term is defined in the Securities Exchange Act of 1934, as amended). These projections and forward-looking statements reflect the Company's current views with respect to future events and financial performance and can generally be identified as such because the context of the statement will include words such as "believe", "anticipate", "expect", or words of similar import. Similarly, statements that describe our future plans, objectives, estimates or goals are forward-looking statements. No assurances can be given, however, that these events will occur or that these projections will be achieved and actual results and developments could differ materially from those projected as a result of certain factors. Important factors that could cause actual results and developments to be materially different from those expressed or implied by such projections and forward-looking statements include those factors detailed from time to time in our reports filed with the Securities and Exchange Commission, including the Company's Annual Report on Form 10-K for the year ended December 31, 2006, and those discussed elsewhere herein.

ANADIGICS, INC. Consolidated Statements of Operations (Amounts in thousands, except per share amounts, unaudited) Three months ended Twelve months ended December December December December 31, 2007 31, 2006 31, 2007 31, 2006 Net sales $67,569 $48,456 $230,556 $166,442 Cost of sales 44,131 32,407 151,768 116,211 Gross profit 23,438 16,049 78,788 50,231 Research and development expenses 13,230 9,714 46,539 35,054 Selling and administrative expenses 8,109 6,579 30,171 23,660 Operating income (loss) 2,099 (244) 2,078 (8,483) Interest income 2,259 1,360 8,035 5,433 Interest expense (591) (956) (2,463) (4,816) Other expense (907) (25) (734) (4) Income (loss) from continuing operations 2,860 135 6,916 (7,870) Loss from discontinued operations(1) - (249) (965) (980) Net income (loss) $2,860 $(114) $5,951 $(8,850) Basic earnings (loss) per share Income (loss) from continuing operations $0.05 $- $0.13 $(0.18) Loss from discontinued operations(1) $- $- $(0.02) $(0.02) Net income (loss) $0.05 $- $0.11 $(0.20) Diluted earnings (loss) per share Income (loss) from continuing operations $0.05 $- $0.12 $(0.18) Loss from discontinued operations(1) $- $- $(0.02) $(0.02) Net income (loss) $0.05 $- $0.10 $(0.20) Basic shares outstanding 58,414 45,649 55,189 43,814 Basic & dilutive shares outstanding 60,802 45,649 58,621 43,814 Unaudited Reconciliation of GAAP to Pro Forma Non-GAAP Financial Measures GAAP net income (loss) $2,860 $(114) $5,951 $(8,850) Stock compensation expense in continuing operations Cost of sales 922 637 3,409 1,777 Research and development 1,517 1,129 5,855 3,271 Selling and administrative 1,564 1,078 6,012 3,121 Auction rate securities impairment 957 - 957 - Loss from discontinued operations(1) - 249 965 980 Pro forma net income $7,820 $2,979 $23,149 $299 Pro forma earnings per share * Basic $0.13 $0.07 $0.42 $0.01 Diluted $0.13 $0.07 $0.39 $0.01 (*) Calculated using related GAAP shares outstanding (1) The loss from discontinued operations reflects the divestiture of Telcom Devices, Inc., effective April 2, 2007. ANADIGICS, INC. Condensed Consolidated Balance Sheets (Amounts in thousands, unaudited) December 31, 2007 December 31, 2006 Assets Current assets: Cash and cash equivalents $57,786 $13,706 Marketable securities 103,778 60,892 Accounts receivable 45,664 26,707 Inventory 23,989 20,219 Prepaid expenses and other current assets 3,277 2,114 Assets of discontinued operations (1) - 1,429 Total current assets 234,494 125,067 Marketable securities 15,248 8,884 Plant and equipment, net 76,129 41,259 Goodwill and other intangibles, net of amortization 6,524 5,929 Other assets 1,066 1,463 $333,461 $182,602 Liabilities and stockholders' equity Current liabilities: Accounts payable $34,184 $17,879 Accrued liabilities 7,928 5,588 Capital lease obligations - 312 Liabilities of discontinued operations (1) - 252 Total current liabilities 42,112 24,031 Other long-term liabilities 3,243 3,348 Long-term debt 38,000 38,000 Long-term capital lease obligations - 1,463 Total Stockholders' equity 250,106 115,760 $333,461 $182,602 (1) The Company disposed of the assets of its subsidiary, Telcom Devices, Inc., on April 2, 2007.

ANADIGICS, Inc.

CONTACT: Investor Relations, Thomas Shields, ANADIGICS, Inc.,
+1-908-412-5995, tshields@anadigics.com

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

Oracle and Accenture Integrate Oracle(R) Fusion Middleware Into Accenture Communications SolutionsCompanies Offering Operational Support System (OSS) and Business Support System Solutions (BSS) for Communications Service Providers

MOBILE WORLD CONGRESS, BARCELONA, Spain, Feb. 12 /PRNewswire-FirstCall/ -- Oracle and Accenture have integrated Oracle Fusion Middleware into Accenture Communications Solutions, Accenture's suite of business offerings and assets designed to mitigate the risk of deploying, and reduce the time to deploy, OSS and BSS software applications. Oracle Fusion Middleware is a preintegrated portfolio of customer-proven software that spans from portals and process managers to application infrastructure and business intelligence.

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The newly integrated capabilities are intended to further enable communications service providers to rapidly launch new services and reduce the inherent risks -- such as exceeding project budget or project time limits -- which can be associated with new software implementations. Now that Oracle Fusion Middleware is integrated into Accenture's Communications Solutions, it can serve to further expand a service providers' ability to bring services to market more quickly.

"In today's rapidly evolving and competitive carrier environment, there is intense pressure to drive innovation and deliver value to customers while remaining laser-focused on obtaining bottom-line growth," said Andy Zimmerman, managing director of Accenture's Communications practice. "Our ongoing collaboration with Oracle is intended to facilitate and drive advanced solutions to help our clients achieve success in implementing and operating their mission-critical business processes and objectives."

Accenture has a 16-year history of working with Oracle's comprehensive suite of software products for the communications industry, including Oracle's Siebel CRM, Oracle Communications Billing and Revenue Management, Service Fulfillment and Oracle E-Business Suite offerings.

"Accenture's adoption of Oracle Fusion Middleware significantly enhances our collective ability to deliver product-based end-to-end business solutions to the communications market," said Bhaskar Gorti, senior vice president and general manager, Oracle Communications. "And with the planned availability of the Oracle Applications Integration Architecture for Accenture Communications Solutions we will have the ability to deliver even greater competitive business value to service providers worldwide by helping them transform their businesses, launch next-generation services and offer superior customer experiences."

Accenture is also adopting Oracle's Application Integration Architecture for Communications to deliver additional solutions for the communications industry. Delivered through Accenture Communications Solutions, Accenture intends to leverage these pre-built software products that will enable service providers to bring services to market more quickly, identify new revenue streams through enhanced data analysis, and capitalize on new opportunities by rapidly adapting streamlined business processes.

Oracle's Application Integration Architecture is based upon Oracle Fusion Middleware and delivers pre-built, extensible, mission-critical business process integrations across Oracle Communications product applications including Oracle's Siebel CRM, Oracle Communications Billing and Revenue Management, Oracle Communications Service Fulfillment Suite, Oracle E-Business Suite, Oracle Service Delivery Platform, as well as third-party and legacy applications.

About Oracle Communications

Oracle is #1 in Communications globally with 20 of the world's top 20 telecommunications companies running Oracle applications. Oracle Communications integrates industry-specific BSS and OSS solutions with the capabilities of Oracle's industry-leading enterprise applications, business intelligence tools, and carrier-grade middleware and database technologies. Oracle Communications enables service providers to deliver next generation convergent services rapidly, increase customer satisfaction and loyalty, and reduce costs in the business and the network. For more information, visit http://www.oracle.com/industries/communications.

About Oracle

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

About Accenture

Accenture is a global management consulting, technology services and outsourcing company. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world's most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. With more than 175,000 people in 49 countries, the company generated net revenues of US$19.70 billion for the fiscal year ended Aug. 31, 2007. Its home page is http://www.accenture.com/.

Trademarks

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

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CONTACT: Caroline Yu of Oracle, +1-650-506-8920, caroline.yu@oracle.com;
or Cam Granstra of Accenture, +1-312-693-5992,
cameria.l.granstra@accenture.com

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

Aware, Inc. Reports Fourth Quarter and 2007 Financial Results

BEDFORD, Mass., Feb. 12 /PRNewswire-FirstCall/ -- Aware, Inc. , a leading supplier of broadband technology and biometrics software, today reported financial results for its fourth quarter ended December 31, 2007.

Revenues for the fourth quarter of 2007 were $6.8 million, an increase of 5% compared to $6.4 million in the same quarter last year. For the year ended December 31, 2007, revenues increased 10% to $26.4 million, compared to $24.1 million for the year ended December 31, 2006.

The Company reports its net income and basic and diluted net income per share in accordance with U.S. generally accepted accounting principles (GAAP), and additionally, on a non-GAAP basis. Non-GAAP net income, where applicable, excludes the effect of stock-based compensation expense. The company uses the non-GAAP information internally to evaluate its operating performance and believes these non-GAAP measures are useful to investors as they provide additional insight into the underlying operating results. However, non-GAAP measures are not stated in accordance with, should not be considered in isolation from, and are not a substitute for, GAAP measures. A reconciliation of GAAP to non-GAAP results has been provided in the attached financial tables.

GAAP net income for the fourth quarter of 2007 was $0.2 million, or $0.01 per diluted share, which included $0.3 million of stock-based compensation charges in accordance with the provisions of FAS 123(R). This compared to GAAP net income of $0.9 million, or $0.04 per diluted share, for the same period a year ago. GAAP net income for the year ended December 31, 2007 was $0.2 million, or $0.01 per share, compared to net income of $1.0 million, or $0.04 per diluted share, for the year ended December 31, 2006.

Non-GAAP net income for the fourth quarter of 2007, excluding the effect of stock-based compensation, was $0.5 million, or $0.02 per diluted share. For the year ended December 31, 2007, the company had non-GAAP net income, excluding the effect of stock-based compensation, of $1.3 million, or $0.05 per share.

Michael Tzannes, Aware's chief executive officer, said, "Our 2007 results reflect healthy revenue growth in our DSL test and diagnostics hardware and software product lines as well as biometrics software applications. Looking forward to 2008, we are expecting a rebound in our DSL licensing business. Each of these three product lines, DSL test and diagnostics hardware and software, biometrics and medical imaging software and DSL licensing are well positioned for positive revenue and earnings growth."

Note: Aware's conference call will be broadcast live over the Internet today, February 12, 2008 at 5:00 p.m. Eastern Time. To listen to the call, please go to http://www.aware.com/ir. The conference call may also be heard by calling 617-213-4864 and referencing the confirmation number 36075315. A replay of the call will be archived on our website after the call.

About Aware

Aware is a leading technology supplier for the telecommunications industries. For more than ten years, Aware has pioneered innovations at telecommunications standards-setting organizations and continues to develop and market DSL silicon intellectual property and test and diagnostics products. Its StratiPHY(tm) IP product line supports DSL standards, including ADSL2+ and VDSL2, and has been broadly licensed to leading semiconductor companies. Telecom equipment vendors and phone companies use Aware's DSL test and diagnostics modules and Dr. DSL(R) software to help provision DSL circuits globally. Aware is also a veteran of the biometrics industry, providing biometric and imaging software components used in government systems worldwide since 1992. Aware's interoperable, standard-compliant, field-proven imaging products are used in a number of applications, from border management to criminal justice to medical imaging. Aware is a publicly held company based in Bedford, Massachusetts. http://www.aware.com/

Safe Harbor Warning

Portions of this release contain forward-looking statements regarding future events and are subject to risks and uncertainties, such as estimates or projections of future revenue and earnings and the growth of the DSL and biometrics markets. Aware wishes to caution you that there are factors that could cause actual results to differ materially from the results indicated by such statements. The DSL factors include, but are not limited to: we have a unique business model, our quarterly results are difficult to predict, we depend on a limited number of licensees, we derive a significant amount of revenue from a small number of customers, we depend on equipment companies to incorporate our technology into their products, we face intense competition from other DSL vendors, DSL technology competes with other technologies for broadband access, and our business is subject to rapid technological change. The biometric factors include, but are not limited to: market acceptance of our biometric products, changes in contracting practices of government or law enforcement agencies, announcements or introductions of new products by our competitors, delays, failures or problems in our biometric products, delays in the adoption of new industry biometric standards, and competitive pressures resulting in lower software product revenues. We refer you to the documents Aware files from time to time with the Securities and Exchange Commission, specifically the section titled Risk Factors in our annual report on Form 10-K for the fiscal year ended December 31, 2006 and other reports and filings made with the Securities and Exchange Commission.

Aware, StratiPHY, and Dr. DSL are trademarks or registered trademarks of Aware, Inc.

AWARE, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share data) (unaudited) Three Months Ended Year Ended December 31, December 31, 2007 2006 2007 2006 Revenue: Product sales $5,158 $2,637 $17,491 $7,610 Contract revenue 1,077 2,644 6,337 12,569 Royalties 518 1,168 2,609 3,877 Total Revenue 6,753 6,449 26,437 24,056 Costs and expenses: Cost of product sales(1) 912 303 3,998 918 Cost of contract revenue(1) 1,110 1,422 5,425 5,182 Research and development(1) 3,134 2,391 10,869 10,591 Selling and marketing(1) 930 841 3,738 3,359 General and administrative(1) 967 1,030 4,237 4,405 Total costs and expenses 7,053 5,987 28,267 24,455 Net income (loss) from operations (300) 462 (1,830) (399) Interest income 496 498 2,016 1,840 Net income before provision for income taxes 196 960 186 1,441 Provision for income taxes (3) (77) (26) (407) Net income $193 $883 $160 $1,034 Net income per share - basic $0.01 $0.04 $0.01 $0.04 Net income per share - diluted $0.01 $0.04 $0.01 $0.04 Weighted average shares - basic 23,818,467 23,596,832 23,737,715 23,474,048 Weighted average shares - diluted 24,917,360 24,998,093 25,083,700 24,964,958 (1) Effective January 1, 2006 the Company adopted Statement of Financial Accounting Standard No. 123 (Revised), "Share-Based Payment" (FAS 123(R)). The amounts in the tables above include stock-based compensation as follows (in thousands): Three Months Ended Year Ended December 31, December 31, 2007 2006 2007 2006 Cost of product sales $5 $3 $13 $15 Cost of contract revenue 43 51 176 149 Research and development 172 118 483 904 Sales and marketing 41 23 119 289 General and administrative 85 48 347 580 Total stock-based compensation costs $346 $243 $1,138 $1,937 AWARE, INC. Non-GAAP Financial Measures and Reconciliation (In thousands, except per share data) (unaudited) Three Months Ended Year Ended December 31, December 31, 2007 2006 2007 2006 GAAP net income $193 $882 $160 $1,034 Stock-based compensation 346 243 1,138 1,937 Non-GAAP net income $539 $1,125 $1,298 $2,971 Three Months Ended Year Ended December 31, December 31, 2007 2006 2007 2006 GAAP diluted net income per share $0.01 $0.04 $0.01 $0.04 Stock-based compensation per share 0.01 0.01 0.04 0.08 Non-GAAP diluted net income per share $0.02 $0.05 $0.05 $0.12 AWARE, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands) (unaudited) December 31, December 31, 2007 2006 ASSETS Cash and investments $38,549 $39,802 Accounts receivable, net 7,661 4,738 Inventories, net 1,424 819 Property and equipment, net 7,872 8,123 Other assets, net 877 1,104 Total assets $56,383 $54,586 LIABILITIES AND STOCKHOLDERS' EQUITY Total current liabilities $2,817 $2,886 Long-term deferred revenue 330 330 Total stockholders' equity 53,236 51,370 Total liabilities and stockholders' equity $56,383 $54,586

Aware, Inc.

CONTACT: Keith Farris of Aware, Inc., +1-781-276-4000

Web site: http://www.aware.com/
http://www.aware.com/ir

Company News On-Call: http://www.prnewswire.com/comp/107679.html

Genoptix Reports Strong Financial Results for the Fourth Quarter and Full Year 2007Annual Revenues Increase 147% In First Full-Year Of Profitability

CARLSBAD, Calif., Feb. 12 /PRNewswire-FirstCall/ -- Genoptix, Inc. , a specialized laboratory service provider, today reported revenues of $18.6 million for the fourth quarter ended December 31, 2007, an increase of 137% over revenues of $7.8 million for the comparable period in 2006. For the full year ended December 31, 2007, the Company reported revenues of $59.3 million, an increase of 147% over revenues of $24.0 million for the same period in 2006.

"We are proud of our accomplishments in 2007, moving first to profitability then to the public markets, all while growing our core business and building a solid infrastructure for continued expansion," said Tina Nova Bennett, Ph.D., President and CEO of Genoptix.

Fourth Quarter 2007

Gross profit for the fourth quarter of 2007 improved to $11.0 million, or 59% of revenues, from $4.0 million, or 51% of revenues, for the fourth quarter of 2006, a 175% improvement year-over-year resulting from an increase in sales and the leverage gained from additional case volumes.

Operating expenses for the fourth quarter of 2007 increased to $6.9 million from $4.3 million in the fourth quarter of 2006. These expenses were driven by investment in rapid organizational growth and ultimately contributed to operating income of $4.1 million in the fourth quarter of 2007, or 22% of revenues, as compared to a loss of $304 thousand during the same period in 2006.

GAAP net income for the fourth quarter of 2007 was $4.7 million, or diluted earnings per share (EPS) of $0.27, compared to a net loss of $358 thousand, or a net loss of $2.40 per diluted share, for the comparable period in 2006.

Full Year 2007

Gross profit for the full-year 2007 reached $35.2 million, pushing gross margins to 59%, up from $10.9 million, or 45% of revenues, for all of 2006. This improvement was primarily due to increases in case volume and service revenues resulting from an expanded sales effort and a net increase in Medicare reimbursement rates.

Operating expenses for 2007 increased to $22.2 million from $14.8 million for the full-year 2006, decreasing as a percentage of revenues to 37% for 2007, compared to 62% for all of 2006. Increased expenses were driven by the cost of additional personnel hired to support continued growth and infrastructure expansion. Operating income improved on a year-over-year basis, growing to just over $13 million at the end of 2007 from a loss of $3.9 million in 2006.

For the year, GAAP net income in 2007 increased to $13.4 million, $3.3 million of which is allocable to common shareholders, resulting in EPS of $0.78 on 4.2 million shares of weighted average common stock outstanding during the period. This compares to a net loss of $3.8 million, or a net loss of $33.74 per diluted share, for the full year 2006.

As of December 31, 2007, the Company's cash and cash equivalents and investment securities available-for-sale totaled $85.5 million compared to $3.9 million in the same period one year ago. Following completion of its IPO in November 2007, the Company received net proceeds of $72.5 million (after underwriting discounts, commissions and offering costs). For the full year ended December 31, 2007, cash generated from operations was $13.1 million, while purchases of capital equipment for the same period totaled $1.2 million.

"Once again, we improved our performance metrics over prior periods, ending the year with DSOs lowered to 52 days and further reducing bad debt expense to approximately 2% of our total revenues," said Sam Riccitelli, Genoptix EVP and COO. "Our solid operational execution and resulting cash flows support our reinvestment in future growth as we seek to enhance operational performance and provide added value to our core customers."

2008 Performance Outlook

For the full-year 2008, Genoptix expects revenues of approximately $90 million, resulting from expanded sales efforts and additional increases in case volumes.

The company also expects net income for 2008 of between $15 and $17 million (assuming an annual tax rate of 5% after utilizing our net operating loss carryforwards), which includes the impact of an estimated $6 million in non-cash stock-based compensation, an increase resulting primarily from expenses associated with the initiation of the Company's equity incentive programs. GAAP earnings per diluted share are expected to be in the range of $0.85 to $0.95 for the full year 2008.

Based on continued infrastructure expansion and implementation of its strategic plan, the Company is projecting capital expenditures of between $4 million and $6 million for the full-year 2008.

Conference Call Information

A conference call will take place on Tuesday, February 12, 2008, at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time), hosted by President and CEO Tina Nova Bennett, Ph.D., and other members of senior management. To access the live conference call via phone, dial 888-713-4214 in the U.S. or Canada and 617-213-4866 for international callers. The participant code for the call is 56532675. A replay of the call will be available through Friday, February 22, 2008. Interested parties can access the rebroadcast by dialing 1-888-286-8010 or 1-617-801-6888 internationally and entering the reservation number 77232785.

The conference call will also be webcast live on the Internet and is accessible through the investor relations section of the Genoptix website at http://www.genoptix.com/, or by accessing the external website, http://www.fulldisclosure.com/. An online replay is planned to follow shortly after and will be available until Wednesday, March 12, 2008. To participate in the webcast, please connect to the Genoptix website several minutes prior to start time to register, download and install any necessary software that may be required.

About Genoptix, Inc.

Genoptix is a specialized laboratory service provider focused on delivering personalized and comprehensive diagnostic services to community-based hematologists and oncologists. Genoptix is headquartered in Carlsbad, California.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Any statements in this press release regarding the Company's business that are not historical facts may be considered "forward-looking statements," including statements regarding the value of the Company's services, the success of the Company's business model, the Company's ability to continue to expand its business and consistently provide specialized, personalized and comprehensive diagnostic services, the Company's growth prospects, DSOs, and the Company's financial guidance for 2008. Forward-looking statements are based on management's current preliminary expectations and are subject to risks and uncertainties, which may cause the Company's results to differ materially and adversely from the statements contained herein. Some of the potential risks and uncertainties that could cause actual results to differ from the results predicted include, without limitation, commercial and governmental reimbursement decisions, compliance and regulatory risks and the Company's ability to hire personnel and manage its growth and the competitive landscape within our industry. Certain other risks and uncertainties are detailed in the annual report on Form 10-K for the full-year period ended December 31, 2007 that was filed with the United States Securities and Exchange Commission on February 12, 2008. Undue reliance should not be placed on forward-looking statements, which speak only as of the date they are made. Genoptix undertakes no obligation to update any forward-looking statements to reflect new information, events or circumstances after the date they were made, or to reflect the occurrence of unanticipated events.

[Financial tables follow] GENOPTIX, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands) December 31, 2007 2006 Assets Current assets: Cash and cash equivalents $50,624 $3,865 Investment securities available-for-sale 34,836 - Accounts receivable, net of allowance for doubtful accounts 9,013 4,766 Other current assets 1,409 270 Total current assets 95,882 8,901 Property and equipment, net 1,950 1,287 Other long-term assets - 14 Total assets $97,832 $10,202 Liabilities and Stockholders' Equity Current liabilities: Accounts payable and accrued expenses $4,312 $1,987 Accrued compensation 2,496 1,058 Deferred revenue 95 39 Current portion of long-term debt - 1,524 Total current liabilities 6,903 4,608 Deferred rent 324 267 Long-term debt, net of current portion - 1,262 Commitments and contingencies Stockholders' equity : Preferred stock - 52 Common stock 16 - Additional paid-in capital 132,532 59,362 Accumulated other comprehensive income 53 - Accumulated deficit (41,996) (55,349) Total stockholders' equity 90,605 4,065 Total liabilities and stockholders' equity $97,832 $10,202 GENOPTIX, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share data) Three Months Ended Years Ended December 31, December 31, 2007 2006 2007 2006 (unaudited)(unaudited) Revenues $18,562 $7,828 $59,332 $24,018 Cost of revenues 7,563 3,823 24,106 13,131 Gross profit 10,999 4,005 35,226 10,887 Operating expenses: Sales and marketing expenses 3,780 2,127 11,649 6,264 General and administrative expenses 2,979 1,962 9,976 6,930 Research and development expenses 96 220 559 1,080 Impairment and lease exit costs - - - 542 Total operating expenses 6,855 4,309 22,184 14,816 Income (loss) from operations 4,144 (304) 13,042 (3,929) Interest income 817 53 1,062 246 Interest expense (122) (96) (353) (384) Other income - (11) 41 308 Income (loss) before income taxes 4,839 (358) 13,792 (3,759) Provision for income taxes (165) - (439) - Net income (loss) $4,674 $(358) $13,353 $(3,759) Net income (loss) per share(1)(2): Basic $0.30 $(2.40) $1.20 $(33.74) Diluted $0.27 $(2.40) $0.78 $(33.74) Shares used to compute net income (loss) per share: Basic 10,367 149 2,756 111 Diluted 11,909 149 4,246 111 (1) As a result of the conversion of the Company's preferred stock into 11,032 shares of common stock upon completion of the Company's IPO in November 2007, there is a lack of comparability in the basic and diluted net income (loss) per share amounts for the periods presented above. See Note 1 to the Notes to Consolidated Financial Statements in the Annual Report on Form 10-K for the year ended December 31, 2007 for calculations of the pro forma net income (loss) per share for the periods presented. (2) For the three months ended December 31, 2007, $1,514 of the Company's net income of $4,674 was allocated to preferred stockholders for purposes of calculating net income per share pursuant to the terms of the preferred stock, resulting in $3,160 of net income allocable to common stockholders. For the year ended December 31, 2007, $10,036 of the Company's net income of $13,353 was allocated to preferred stockholders for purposes of calculating net income per share pursuant to the terms of the preferred stock, resulting in $3,317 of net income allocable to common stockholders. See Note 1 to the Notes to Consolidated Financial Statements in the Annual Report on Form 10-K for calculations of the pro forma net income (loss) per share for the periods presented.

Genoptix, Inc.

CONTACT: Marcy Graham, Sr. Director, Investor Relations of Genoptix,
Inc., +1-760-930-7150, investorrelations@genoptix.com; or Joleen Schultz,
Principal of Mentus, +1-858-455-5500, ext 215, jschultz@mentus.com, for
Genoptix, Inc.

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

Thomson Healthcare's Clinical Xpert Navigator Tops KLAS Annual Performance Ranking in Mobile Data Systems for Sixth Consecutive Year

STAMFORD, Conn., Feb. 12 /PRNewswire/ -- Thomson Healthcare, the leading provider of integrated decision support solutions that assist healthcare organizations in their efforts to improve clinical and business performance, announced that its Clinical Xpert Navigator solution has been recognized as the Category Leader for Mobile Data Systems in the "Top 20: 2007 Year-End Best in KLAS" report released in December 2007.

For the sixth year in a row, Thomson Healthcare's Clinical Xpert Navigator (MercuryMD MData Mobile) has been ranked number one in the Mobile Data System category. The continued dominance of the category reflects Thomson Healthcare's continued commitment to quality and customer satisfaction, and is the result of customers' satisfaction and confidence in the solution.

Clinical Xpert Navigator scored 93 percent on key business indicators such as "core to IS plan," "would buy again," and "keeps promises." More than three-quarters of customers surveyed ranked Thomson Healthcare as "client's best vendor." In addition, the solution scored 8.19 out of a possible 9 on performance indicators around expectations, including "value of the investment to customers" and "overall quality."

"Our dominance in this category is a reflection of our commitment to customer service and quality," said Terry Cameron, executive vice president for provider decision support. "We have added support for the BlackBerry platform and redesigned our desktop interface, and we continue to expand the capabilities of our Clinical Xpert Navigator solution. Among the factors that differentiate Thomson Healthcare is our willingness to listen to our customers and deliver solutions that go well beyond their immediate needs. The confidence our customers have in our solutions has made us a category winner year after year."

In compiling the report, KLAS monitors vendor performance through the participation of thousands of healthcare organizations. This process includes confidential customer interviews with CIOs, healthcare executives, managers, and clinicians. "Sustained performance in the KLAS rankings is a sure indicator of product quality and dedication to customer service," said Jason Hess, KLAS Director of Research for Clinical Ancillary. "Thomson Healthcare customers continue to show the highest level of confidence in the Clinical Xpert Navigator solution."

About Thomson Healthcare

Thomson Healthcare is the leading provider of decision support solutions that help organizations across the healthcare industry improve clinical and business performance. Thomson Healthcare products and services help clinicians, hospitals, employers, health plans, government agencies, and pharmaceutical companies understand healthcare markets, access medical and drug information, manage costs, and improve the quality of healthcare.

Thomson Healthcare is a part of The Thomson Corporation, a provider of value-added information, software tools and applications to professionals in the fields of healthcare, law, tax, accounting, scientific research, and financial services. The Corporation's common shares are listed on the New York and Toronto stock exchanges (NYSE: TOC; TSX: TOC). For more information, visit http://www.thomsonhealthcare.com/.

About KLAS

KLAS was established in 1996 to provide the healthcare information technology (HIT) industry with unbiased factual information on HIT vendor performance. With an average of 25 years in HIT/healthcare experience, KLAS executives collect information about HIT vendors and personally interview healthcare executives on their HIT vendor experience. KLAS has partnered with thousands of healthcare professionals (executives like CFOs and CIOs along with Directors, Managers and Clinicians) creating a dynamic database of performance information on the Healthcare Information Technology software vendors. The KLAS database benefits all players in the healthcare market by reporting vendor performance data from 4500+ healthcare facilities, 300 HIT vendors and 500 different products. KLAS subscribers see the latest, most current performance information because the database is continually updated with reports from healthcare professionals across the U.S., Canada and selected countries around the world. For further information contact KLAS at 801-226-5120 or at http://www.healthcomputing.com/ .

Thomson Healthcare

CONTACT: D. Nikki Wheeler of Thomson Healthcare, +1-303-486-9031,
Nikki.wheeler@thomson.com

Web site: http://www.thomsonhealthcare.com/
http://www.healthcomputing.com/

Coherent, Inc. Announces Intent to Repurchase Up to $225 Million of Its Common Stock Through a Modified 'Dutch Auction' Tender Offer

SANTA CLARA, Calif., Feb. 12 /PRNewswire-FirstCall/ -- Coherent, Inc. (Pink Sheets: COHR) today announced that it expects to commence a modified "Dutch Auction" tender offer to purchase up to 7,628,000 shares of its common stock at a price per share not less than $26 and not greater than $29.50. The tender offer is expected to begin on February 15, 2008, and to expire on March 17, 2008, unless extended. The number of shares proposed to be purchased in the tender offer represents approximately 24.2 percent of Coherent's currently outstanding shares. Tenders of shares must be made prior to the expiration of the tender offer and may be withdrawn at any time prior to that time.

Upon the terms and subject to the conditions of the tender offer, Coherent's stockholders will have the opportunity to tender some or all of their shares at a price within the $26 to $29.50 per share range. Based on the number of shares tendered and the prices specified by the tendering stockholders, Coherent will determine the lowest per-share price within the range that will enable it to buy 7,628,000 shares, or such lesser number of shares that are tendered and not withdrawn. All shares accepted in the tender offer will be purchased at the same price per share even if the stockholder tendered at a lower price. If stockholders tender more than 7,628,000 shares at or below the purchase price per share, Coherent will purchase the shares tendered at or below the determined purchase price by those stockholders, subject to proration and certain other factors.

The tender offer will not be contingent upon any minimum number of shares being tendered. The tender offer, however, will be subject to certain conditions. None of Coherent, its board of directors, the dealer manager, the depositary, or the information agent is making any recommendations to stockholders as to whether to tender or refrain from tendering their shares into the tender offer. Stockholders must decide how many shares they will tender, if any, and the price within the stated range at which they will offer their shares for purchase by Coherent. The terms and conditions of the tender offer will be described in an offer to purchase (the "Offer to Purchase") and related letter of transmittal (the "Letter of Transmittal") to be distributed to holders of Coherent common stock.

Coherent's directors and executive officers have advised Coherent that they do not intend to tender any of their shares in the tender offer. Additionally, Coherent has approved a repurchase program of up to an additional $25 million worth of its common stock following the completion or termination of the tender offer and terminating no later than February 11, 2009 under its stock repurchase program.

Merrill Lynch & Co. will act as dealer manager for the tender offer. The information agent is Georgeson Shareholder Communications Inc., and the depositary is American Stock Transfer & Trust Company. The Offer to Purchase, the Letter of Transmittal and related documents shortly will be mailed to stockholders of record and also will be made available for distribution to beneficial owners of Coherent's common stock. For questions and information, please call the information agent toll-free at 1-877-868-4962.

THIS PRESS RELEASE IS FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE AN OFFER TO BUY OR THE SOLICITATION OF AN OFFER TO SELL SHARES OF COHERENT INC. COMMON STOCK. THE TENDER OFFER IS BEING MADE ONLY PURSUANT TO THE OFFER TO PURCHASE, LETTER OF TRANSMITTAL AND RELATED MATERIALS THAT COHERENT WILL DISTRIBUTE TO ITS STOCKHOLDERS AFTER COHERENT, INC. FILES WITH THE SECURITIES AND EXCHANGE COMMISSION ITS "SCHEDULE TO" AND OFFER TO PURCHASE. STOCKHOLDERS AND INVESTORS SHOULD READ CAREFULLY THE OFFER TO PURCHASE, LETTER OF TRANSMITTAL AND RELATED MATERIALS BECAUSE THEY CONTAIN IMPORTANT INFORMATION, INCLUDING THE VARIOUS TERMS OF, AND CONDITIONS TO, THE TENDER OFFER. AFTER COHERENT, INC. FILES ITS "SCHEDULE TO" AND OFFER TO PURCHASE WITH THE SECURITIES AND EXCHANGE COMMISSION ON FEBRUARY 15, 2008, STOCKHOLDERS AND INVESTORS MAY OBTAIN A FREE COPY OF THE TENDER OFFER STATEMENT ON "SCHEDULE TO," THE OFFER TO PURCHASE, LETTER OF TRANSMITTAL AND OTHER DOCUMENTS THAT COHERENT WILL BE FILING WITH THE SECURITIES AND EXCHANGE COMMISSION AT THE COMMISSION'S WEBSITE AT http://www.sec.gov/ OR BY CONTACTING GEORGESON SHAREHOLDER COMMUNICATIONS INC., THE INFORMATION AGENT FOR THE TENDER OFFER, AT 1-877-868-4962. STOCKHOLDERS ARE URGED TO CAREFULLY READ THESE MATERIALS PRIOR TO MAKING ANY DECISION WITH RESPECT TO THE TENDER OFFER.

Forward Looking Statements

This press release contains forward-looking statements, as defined under the Federal securities laws. These forward-looking statements include statements regarding Coherent's expectation regarding the timing for filing its Schedule TO, Offer to Purchase and other tender offer documents and launching and completing its common stock tender offer. These forward-looking statements are not guarantees and are subject to risks, uncertainties and assumptions that could cause the timing of the filing of the Schedule TO, Offer to Purchase and other tender documents and launching and completing the tender offer to differ materially and adversely from the timing expressed in the forward-looking statements in this press release. Factors that could cause actual results to differ materially include risks and uncertainties, including but not limited to risks associated with the completion of the review and preparation of such filings and the review and completion of our application by the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as to Coherent's expectations as of the date hereof. Coherent undertakes no obligation to update these forward-looking statements as a result of events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Notwithstanding anything in this press release, the safe harbor protections of the Private Securities Litigation Reform Act of 1995, do not apply to statements made in connection with a tender offer.

Founded in 1966, Coherent, Inc. is a world leader in providing photonics based solutions to the commercial and scientific research markets.

Please direct any questions to Leen Simonet, Executive Vice President and Chief Financial Officer at 408-764-4161.

Coherent, Inc.

CONTACT: Leen Simonet of Coherent, Inc., +1-408-764-4161

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

comScore CEO and CFO to Speak at Deutsche Bank Small and Mid-Cap Growth Conference on February 14

RESTON, Va., Feb. 12 /PRNewswire-FirstCall/ -- comScore, Inc. , a leader in measuring the digital world, today announced that Dr. Magid Abraham, CEO & Co-Founder, and John Green, CFO, will give an update on the company's business at the Deutsche Bank Small and Mid-Cap Growth Conference at 2:40 p.m. ET on Thursday, February 14.

(Logo: http://www.newscom.com/cgi-bin/prnh/20080115/COMSCORELOGO)

The presentation will also be available via live webcast at the link below and via replay from the same link for 90 days beginning approximately one hour after the conclusion of the presentation.

Listen to Webcast: http://www.corporate-ir.net/ireye/confLobby.zhtml?ticker=W211069&item_id=1748619 About comScore

comScore, Inc. is a global leader in measuring the digital world. This capability is based on a massive, global cross-section of more than 2 million consumers who have given comScore permission to confidentially capture their browsing and transaction behavior, including online and offline purchasing. comScore panelists also participate in survey research that captures and integrates their attitudes and intentions. Through its proprietary technology, comScore measures what matters across a broad spectrum of behavior and attitudes. comScore analysts apply this deep knowledge of customers and competitors to help clients design powerful marketing strategies and tactics that deliver superior ROI. comScore services are used by nearly 900 clients, including global leaders such as AOL, Microsoft, Yahoo!, BBC, Carat, Cyworld, Deutsche Bank, France Telecom, Best Buy, The Newspaper Association of America, Financial Times, ESPN, Fox Sports, Nestle, Starcom, Universal McCann, the United States Postal Service, Verizon, ViaMichelin, Merck and Expedia. For more information, please visit http://www.comscore.com/.

Photo: http://www.newscom.com/cgi-bin/prnh/20080115/COMSCORELOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com comScore, Inc.

CONTACT: Andrew Lipsman of comScore, Inc., +1-312-775-6510,
press@comscore.com

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

Southwest Airlines Helps Customers Find LUV in Time for Valentine's DayAirline and Cupid.com Partner for World's Largest Speed Dating Event

DALLAS, Feb. 12 /PRNewswire-FirstCall/ -- Southwest Airlines is helping people make connections -- and not just to their next flight! Southwest Airlines, known as the "LUV Airline," is partnering with Cupid.com to host the World's Largest Speed-Dating Night in five cities across the nation -- Dallas, Los Angeles, Pittsburgh, Baltimore, and New Orleans. What better time to find LUV than just before Valentine's Day?

The event invites participants of all ages to mix and mingle and make matches in a safe, relaxed, and casual environment. One participant from each event will leave with roundtrip tickets for two to any of the 64 cities Southwest Airlines serves.

"Southwest Airlines has been in the matchmaking business for awhile," said Linda Rutherford, Southwest Airlines Vice President of Public Relations and Community Affairs. "With our open-seating policy, you wouldn't believe the amount of letters we get from couples who've met on our planes! We see our partnership with Cupid.com as extending our FUN outside the airport to celebrate Valentine's Day and bring people together."

Each couple gets six minutes to find out if there's a "LUV" connection, and when time's up they will hear ... "DING! You're now Free to Move About the Country," and then it's on to the next date. Southwest Airlines will provide peanuts while guests sip on "LUV" potions.

Southwest Airlines will give away everything needed to be a successful speed dater -- mints, lip balm, pens, and notepads. LUV will be in the air with festive decorations and music.

Cupid.com ensures that participants are comfortable with no pressure to set a date or give personal information. A Match Sheet card given to participants at the door allows speed-daters to discreetly make notes throughout the evening and sign onto the Cupid.com Web site to confidentially log their selections-simply deciding "Let's Talk" or "No Thanks."

Southwest Airlines is known as the LUV Airline, comprising not only a Company of planes but, more importantly, a Company of hearts.

After nearly 37 years of service, Southwest Airlines continues to offer the best value in airline travel, allowing Customers the opportunity to travel nonstop throughout the country at a very low fare. Southwest offers a very comfortable ride with all premium leather seats and plenty of legroom. Southwest does not charge Customers an extra fee for changing their reservation and continues to offer free amenities. Customers enjoy complimentary pillows, blankets, snacks, juice, soda, and water on all flights. Since 1987, the airline has maintained the lowest ratio of Customer complaints to enplanements as published in the Department of Transportation's Air Travel Consumer Report. Southwest Airlines , the nation's largest carrier in terms of domestic passengers enplaned, currently serves 64 cities in 32 states. Based in Dallas, Southwest currently operates more than 3,400 flights a day and has more than 34,000 Employees systemwide.

http://www.southwest.com/

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20040715/DATH028-a
http://www.newscom.com/cgi-bin/prnh/20010718/SWNULOOK
http://www.newscom.com/cgi-bin/prnh/20010724/SWALOGO
PRN Photo Desk, photodesk@prnewswire.com Southwest Airlines

CONTACT: Public Relations of Southwest Airlines, +1-214-792-4847

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

Blue Nile Announces Fourth Quarter and Fiscal Year 2007 Financial ResultsReports Record Fourth Quarter Net Sales of $111.9 Million, up 23.3%Earnings per Diluted Share Increase 28.6% to $0.45Expands Stock Repurchase Program

SEATTLE, Feb. 12 /PRNewswire-FirstCall/ -- Blue Nile, Inc. today reported financial results for its fourth quarter and fiscal year ended December 30, 2007.

Net sales grew 23.3% to $111.9 million, compared to $90.7 million in the fourth quarter of 2006. Operating income for the quarter rose 24.0% to $10.1 million from $8.1 million in the fourth quarter of 2006. Net income totaled $7.5 million, an increase of 31.1% over the fourth quarter last year. Earnings per diluted share increased 28.6% to $0.45, compared to $0.35 in the fourth quarter last year. Non-GAAP adjusted EBITDA increased 26.1% to $12.4 million for the quarter, compared to $9.8 million for the fourth quarter of 2006.

For the full year, Blue Nile reported net sales of $319.3 million, an increase of 26.9% from fiscal year 2006. Operating income rose 35.4% to $22.4 million from $16.6 million for the prior year. Net income for the year increased 33.6% to $17.5 million, and net income per diluted share increased 36.8% to $1.04. Non-GAAP adjusted EBITDA for 2007 increased 31.4% to $29.9 million.

"We are very pleased with our financial performance for the fourth quarter, which reflects excellent growth in sales and profitability. We believe our results are even more impressive given the overall weakness in the retail jewelry category during the holiday season," said Mark Vadon, Executive Chairman. "The year 2007 was exceptional for Blue Nile -- we delivered outstanding sales growth, even stronger earnings growth, and ended the year with a very healthy cash balance of $123 million. We expanded our market share domestically and made significant progress in our international business.

"As we enter 2008, we are well positioned to enhance our category leadership," continued Vadon. "Our competitive position is strong, and we have an incredible team that is among the best in all of e-commerce. Given the current economic environment, however, we believe it is prudent to be extremely cautious in our expectations for the year. There is tremendous uncertainty in the luxury retail sector, which is experiencing a widely reported consumer slowdown. Within this challenging environment, we will be disciplined in our execution of our unique business model. We will continue to focus obsessively on our customers, providing an exceptional Blue Nile experience. I firmly believe that challenging times can provide opportunities to create great value for our shareholders over the long term."

Blue Nile announced today that its Board of Directors authorized the repurchase of up to an additional $100 million of the Company's common stock over 24 months. The Company's current repurchase authorization now totals $150 million. The timing and amount of any shares repurchased will be determined by the Company's management based on its evaluation of market conditions and other factors. Repurchases may also be made under a Rule 10b5-1 plan, which would permit shares to be repurchased when the Company might otherwise be precluded from doing so under insider trading laws.

In a separate release today, the Company announced Mark Vadon has assumed the new role of Executive Chairman of Blue Nile. Diane Irvine has been named the new Chief Executive Officer.

Selected Financial Highlights -- Gross profit for the quarter grew 25.9% to $23.7 million, from $18.8 million for the fourth quarter of 2006. Gross profit as a percentage of sales increased to 21.1% for the quarter, compared to 20.7% for the fourth quarter of 2006. -- Selling, general and administrative expense for the quarter was $13.6 million, compared to $10.7 million in the fourth quarter of 2006. Selling, general and administrative expense for the quarter includes stock-based compensation expense of $1.7 million, compared to $1.2 million in the fourth quarter of the prior year. -- Net income per diluted share for the quarter includes stock-based compensation expense of $0.06, compared to $0.04 for the fourth quarter of 2006. -- International sales totaled $7.2 million in the quarter, an increase of 155% year over year. For the full year, international sales totaled $17.2 million, a 108% increase compared to sales of $8.3 million for fiscal 2006. -- For the full year, net cash provided by operating activities was $41.5 million compared to $40.5 million for fiscal year 2006. Non-GAAP free cash flow for the year totaled $36.6 million, compared to $38.6 million in the prior year. Free cash flow for 2007 includes the change in deferred income taxes related to the full utilization of net operating losses for income tax purposes in 2006, as well as higher capital expenditures for 2007 related primarily to the expansion of the Company's domestic fulfillment center. -- The Company's cash and cash equivalents totaled $122.8 million at December 30, 2007. -- The effective tax rate for the quarter was 33.3%, compared to 35.5% for the fourth quarter of 2006. The lower tax rate is primarily due to deferred tax asset adjustments. The Company's effective tax rate for fiscal year 2007 was 34.3%, compared to 34.6% for fiscal year 2006. -- Capital expenditures in the fourth quarter totaled $1.3 million, compared to $0.2 million in the fourth quarter of 2006. Full year 2007 capital expenditures totaled $4.9 million compared to $1.9 million in 2006. The higher capital expenditures for 2007 relate primarily to the expansion of the Company's domestic fulfillment center. -- During the quarter, the Company repurchased 94,100 shares of its common stock for $6.5 million. For the full year, the Company repurchased 438,755 shares of its common stock for $20.0 million. Financial Guidance

The Company announced its initial financial guidance for the first quarter and fiscal year 2008. The following forward-looking statements reflect Blue Nile's expectations as of February 12, 2008. Actual results may be materially affected by many factors, such as consumer spending, economic conditions and the various factors detailed below.

Expectations for the first quarter 2008 (Quarter Ending March 30, 2008): -- Net sales are expected to be relatively flat with Q1 2007. -- Net income is expected to be in a range of $0.11 to $0.14 per diluted share. The estimated net income per diluted share includes the estimated impact of stock compensation expense of approximately $0.07 per diluted share, compared to $0.05 per diluted share in the first quarter of 2007. -- The effective tax rate for the quarter is expected to be approximately 35%. Expectations for fiscal year 2008 (Year Ending January 4, 2009): -- Our goal is to grow net sales by at least 10% for the year and to grow non-GAAP adjusted EBITDA by at least 10%. -- Our net income per diluted share goal for 2008 is to achieve a GAAP EPS level that approximates 2007. -- Stock compensation expense for the year is estimated at approximately $0.29 per diluted share, an incremental impact of $0.07 per diluted share compared to 2007. -- The effective tax rate for the year is expected to be approximately 35%. -- Capital expenditures are expected to be approximately $2.5 million.

Blue Nile reports fiscal results on a 52/53-week format. The Company's fiscal 2008 reporting period includes 53 weeks, with the additional week falling into the fourth quarter.

Forward-Looking Statements

This press release contains forward-looking statements that include risks and uncertainties, including, without limitation, all statements related to future financial performance, estimated stock-based compensation expense, anticipated effective tax rate, anticipated capital expenditures and plans to grow our business. Words such as "expect," "anticipate," "believe," "will" and similar expressions are intended to identify forward-looking statements. These forward-looking statements are based upon our current expectations. Forward-looking statements involve risks and uncertainties. Our actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of these risks and uncertainties, which include, without limitation, risks related to our fluctuating operating results, seasonality in our business, our ability to acquire products on reasonable terms, our online business model, demand for our products, our ability to attract customers in a cost effective manner, our limited operating history, the strength of our brand, competition, fraud, system interruptions, our ability to fulfill orders and other risks detailed in our filings with the Securities and Exchange Commission, including our quarterly reports on Form 10-Q for the quarters ended April 1, 2007, July 1, 2007, and September 30, 2007, and our Annual Report on Form 10-K for the year ended December 31, 2006. Additional information will also be set forth in our Annual Report on Form 10-K for the year ended December 30, 2007, which we expect to file with the Securities and Exchange Commission on or before February 28, 2008. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement, and Blue Nile undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date hereof.

Conference Call

The Company will host a conference call to discuss its fourth quarter and full year 2007 financial results today at 2:00 p.m. PT/5:00 p.m. ET. A live webcast of the conference call may be accessed at http://investor.bluenile.com/. Following the completion of the call, a recorded replay of the webcast will be available for 30 days at the same Internet address. This call will contain forward-looking statements and other material information regarding the Company's financial and operating results. In the event that any non-GAAP financial measure is discussed on the conference call that is not described in this release, related complementary information will be made available at http://investor.bluenile.com/ as soon as practicable after the conclusion of the conference call.

Non-GAAP Financial Measures

To supplement Blue Nile's consolidated financial statements presented in accordance with generally accepted accounting principles ("GAAP"), Blue Nile uses non-GAAP adjusted EBITDA and non-GAAP free cash flow as measures of certain components of financial performance. Blue Nile defines non-GAAP adjusted EBITDA as earnings before interest and other income, taxes, depreciation and amortization, adjusted to exclude the effects of stock-based compensation expense. Blue Nile defines non-GAAP free cash flow as net cash provided by operating activities less cash outflows for purchases of fixed assets, including internal use software and website development. Blue Nile's management does not itself, nor does it suggest that investors should, consider such non-GAAP financial measures in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. Investors should also note that the non-GAAP financial measures used by Blue Nile may not be the same non-GAAP financial measures, and may not be calculated in the same manner, as that of other companies. Whenever Blue Nile uses such non-GAAP financial measures, it provides a reconciliation of non-GAAP financial measures to the most closely applicable GAAP financial measures. Investors are encouraged to review the related GAAP financial measures and the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures.

Blue Nile's management believes that non-GAAP adjusted EBITDA and non-GAAP free cash flow, as defined, provide meaningful supplemental information to the company and to investors. Blue Nile believes that both management and investors benefit from referring to these non-GAAP measures in assessing the performance of Blue Nile and when planning and forecasting future periods. Further, management believes that the inclusion of the non-GAAP adjusted EBITDA and non-GAAP free cash flow calculations provide consistency in Blue Nile's financial reporting and comparability with similar companies in Blue Nile's industry.

A reconciliation of non-GAAP adjusted EBITDA is as follows (in thousands): Quarter ended Quarter ended December 30, December 31, 2007 2006 Net income $7,543 $5,753 Income tax expense 3,761 3,163 Other income, net (1,224) (786) Depreciation and amortization 588 427 Stock-based compensation 1,688 1,242 Adjusted EBITDA $12,356 $9,799 Year ended Year ended December 30, December 31, 2007 2006 Net income $17,459 $13,064 Income tax expense 9,128 6,916 Other income, net (4,175) (3,423) Depreciation and amortization 1,772 1,868 Stock-based compensation 5,735 4,339 Adjusted EBITDA $29,919 $22,764

A reconciliation of differences of non-GAAP free cash flow from the comparable GAAP measure of net cash provided by operating activities is as follows (in thousands):

Quarter ended Quarter ended December 30, 2007 December 31, 2006 Net cash provided by operating activities $55,495 $47,280 Purchases of fixed assets, including internal-use software and website development (1,320) (218) Non-GAAP free cash flow $54,175 $47,062 Year ended Year ended December 30, 2007 December 31, 2006 Net cash provided by operating activities $41,455 $40,518 Purchases of fixed assets, including internal-use software and website development (4,897) (1,908) Non-GAAP free cash flow $36,558 $38,610 About Blue Nile, Inc.

Blue Nile, Inc. is the leading online retailer of diamonds and fine jewelry. The Company delivers the ultimate customer experience, providing consumers with a superior way to buy engagement rings, wedding rings and fine jewelry. Blue Nile offers in-depth educational materials and unique online tools that place consumers in control of the jewelry shopping process. The Company has some of the highest quality standards in the industry and offers thousands of independently certified diamonds and fine jewelry at prices significantly below traditional retail. Blue Nile can be found online at http://www.bluenile.com/, http://www.bluenile.ca/ and http://www.bluenile.co.uk/. Blue Nile's shares are traded on the Nasdaq Stock Market LLC under the symbol NILE.

BLUE NILE, INC. Condensed Consolidated Balance Sheets (in thousands) December 30, December 31, 2007 2006 (Unaudited) Assets Current assets: Cash and cash equivalents $122,793 $78,540 Restricted cash -- 117 Marketable securities -- 19,767 Trade accounts receivable 2,452 1,484 Other accounts receivable 1,124 156 Inventories 20,906 14,616 Deferred income taxes 799 598 Prepaids and other current assets 1,072 740 Total current assets 149,146 116,018 Property and equipment, net 7,601 3,391 Intangible assets, net 286 319 Deferred income taxes 3,489 2,285 Other assets 64 93 Total assets $160,586 $122,106 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $85,866 $66,625 Accrued liabilities 9,549 7,315 Current portion of long-term financing obligation 38 -- Current portion of deferred rent 238 197 Total current liabilities 95,691 74,137 Long-term financing obligation, less current portion 880 -- Deferred rent, less current portion 538 666 Stockholders' equity: Common stock 20 19 Additional paid-in capital 134,207 115,751 Deferred compensation (3) (180) Accumulated other comprehensive income (loss) 75 (2) Retained earnings 24,569 7,110 Treasury stock (95,391) (75,395) Total stockholders' equity 63,477 47,303 Total liabilities and stockholders' equity $160,586 $122,106 Note: The balance sheet at December 31, 2006 has been derived from the audited financial statements at that date. BLUE NILE, INC. Condensed Consolidated Statements of Operations (Unaudited) (in thousands, except per share data) Quarter ended Year ended December 30, December 31, December 30, December 31, 2007 2006 2007 2006 Net sales $111,906 $90,729 $319,264 $251,587 Cost of sales 88,251 71,946 254,060 200,734 Gross profit 23,655 18,783 65,204 50,853 Selling, general and administrative expenses 13,575 10,653 42,792 34,296 Operating income 10,080 8,130 22,412 16,557 Other income (expense), net: Interest income, net 1,037 787 3,760 3,323 Other income (expense) 187 (1) 415 100 Total other income (expense), net 1,224 786 4,175 3,423 Income before income taxes 11,304 8,916 26,587 19,980 Income tax expense 3,761 3,163 9,128 6,916 Net income $7,543 $5,753 $17,459 $13,064 Basic net income per share $0.47 $0.36 $1.10 $0.79 Diluted net income per share $0.45 $0.35 $1.04 $0.76 Shares used for computation (in thousands): Basic 16,039 16,011 15,919 16,563 Diluted 16,925 16,673 16,814 17,278 BLUE NILE, INC. Condensed Consolidated Statements of Cash Flow (Unaudited) (in thousands) Year ended December 30, December 31, 2007 2006 Operating activities: Net income $17,459 $13,064 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 1,772 1,868 (Gain) loss on disposal of fixed assets (8) 5 Stock-based compensation 5,832 4,434 Deferred income taxes (1,407) 2,654 Tax benefit from exercise of stock options 6,848 2,739 Excess tax benefit from exercise of stock options (1,847) (172) Changes in assets and liabilities: Receivables, net (1,935) 236 Inventories (6,291) (2,852) Prepaid expenses and other assets (306) 88 Accounts payable 19,241 16,468 Accrued liabilities 2,234 2,194 Deferred rent and other (137) (208) Net cash provided by operating activities 41,455 40,518 Investing activities: Purchases of property and equipment (4,897) (1,908) Proceeds from the sale of property and equipment 23 1 Purchases of marketable securities (20,230) (75,030) Proceeds from the sale of marketable securities 40,000 98,000 Transfers of restricted cash 120 2 Net cash provided by investing activities 15,016 21,065 Financing activities: Repurchase of common stock (19,996) (57,387) Proceeds from stock option exercises 5,875 2,251 Excess tax benefit from exercise of stock options 1,847 172 Principal payments under long-term financing obligation (22) -- Net cash used in financing activities (12,296) (54,964) Effect of exchange rate changes on cash and cash equivalents 78 -- Net increase in cash and cash equivalents 44,253 6,619 Cash and cash equivalents, beginning of period 78,540 71,921 Cash and cash equivalents, end of period $122,793 $78,540

Blue Nile, Inc.

CONTACT: investors, Eileen Askew, +1-206-336-6745, eileena@bluenile.com,
or media, Liz Powell, +1-206-336-6755, lizpo@bluenile.com, both of Blue Nile,
Inc.

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

ATK Delivers 250th Composite Structure for Delta Launch Vehicle250th Delivery by ATK Sparks Plant-Wide Celebration

IUKA, Miss., Feb. 12 /PRNewswire-FirstCall/ -- Alliant Techsystems will commemorate the delivery of the 250th Delta launch vehicle composite structure with a plant-wide celebration on February 13, 2008. The United Launch Alliance Delta program has been a cornerstone for the ATK Iuka facility since its opening in August of 1998. ATK has expended nearly 2.1 million man-hours since the program inception.

"ATK began production at the Iuka facility in 1998 as a greenfield site hiring technicians and operators with almost no experience in the aerospace industry or with the manufacture of composite structures. Today, this facility has one of the most skilled workforces competing in one of the fastest growing segments of the aerospace industry," said Sherry Grady, Vice President Launch Structures of ATK Aerospace Structures. "I am extremely proud of this team. This milestone signifies our dedication to the United Launch Alliance and highlights our expertise in producing reliable and affordable large scale composite structures."

The ATK Iuka facility provides the composite structures for both the Delta II and Delta IV launch vehicles. The structures range in size from 3 to 5 meters (10 to 16.6 feet) in diameter and up to 63 feet in length. The Delta family of launch vehicles' primary mission involves boosting U.S. Government payloads aimed at improving the forecasting of weather, collection of scientific data, and fulfillment of national security objectives. The Delta program has helped to broaden our understanding of the universe by providing proven, reliable and versatile expendable launch vehicles since 1960.

ATK has been operating in the Tri-State Industrial Park in Tishomingo County since 1998. ATK currently employs over 200 people in Iuka including production and machine operators as well as a salaried professional staff of engineers, program managers and executives. ATK is dedicated to long term growth of its Iuka operation producing state of the art composite structures for launch vehicles and commercial aircraft.

ATK is an advanced weapon and space systems company with annual revenues in excess of $4.1 billion that employs more than 17,000 people in 21 states. News and information can be found on the Internet at http://www.atk.com/.

Media Contact: Investor Contact: Heather Kralik Steve Wold Phone: 801-698-3808 Phone: 952-351-3056 E-mail: heather.kralik@atk.com E-mail: steve.wold@atk.com

ATK

CONTACT: Media, Heather Kralik, +1-801-698-3808, heather.kralik@atk.com,
or Investors, Steve Wold, +1-952-351-3056, steve.wold@atk.com, both of ATK

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

Huntsville Pediatric Associates Selects DST Health Solutions' Practice Management Solution for Billing, Accounts ReceivableMDr PracticeManager to Help Pediatric Group Improve Claims Processing, Appointment Scheduling and Patient Statements

BIRMINGHAM, Ala., Feb. 12 /PRNewswire-FirstCall/ -- DST Health Solutions has completed an agreement with Huntsville Pediatric Associates to provide MDr PracticeManager(TM), a comprehensive physician practice management solution that helps improve appointment scheduling, medical billing, electronic claims submission, payment and accounts receivable processing. DST Health Solutions will host the MDr PracticeManager software and hardware from its data center in Kansas City, Mo.

"Productivity is crucial in modern medical practice," said Steve Sabino, president, DST Health Solutions. "MDr PracticeManager helps streamline the processes that impact financial and administrative efficiency."

Huntsville Pediatric Associates averages 57,000 annual encounters with patients from birth to age 21. MDr PracticeManager will help Huntsville improve the efficiency of administrative functions, such as appointment scheduling and claims processing.

"This solution will help eliminate manual processes, and related paperwork," said Robin Riggs, administrator, Huntsville Pediatric Associates. "By modernizing our practice management system, we will improve productivity and patient satisfaction."

About DST Health Solutions

DST Health Solutions delivers solutions and business process outsourcing services that improve efficiency, reduce operational costs, increase speed to market and improve customer service for health plans, consumer-directed plans, government plans (Medicare Advantage/Part D and Medicaid) and physician practices. DST Health Solutions' enterprise applications, and ASP and BPO services support 390 healthcare clients, representing more than 38 million covered lives, 360 million health plan claims, 35 million physician business transactions and 700,000 consumer-directed members annually. For more information about DST Health Solutions, contact 800.272.4799 or inforequests@dsthealthsolutions.com or visit http://www.dsthealthsolutions.com/.

About Huntsville Pediatric Associates

Huntsville Pediatric Associates has been serving the children of Huntsville since 1965. The practice is home to six board certified pediatricians and 45 staff members, with services including mental health and speech therapy. Huntsville Pediatrics averages 57,000 yearly encounters with patients ranging from birth to age 21.

The information and comments above may include forward-looking statements respecting DST and its businesses. Such information and comments are based on DST's views as of today, and actual actions or results could differ. There could be a number of factors affecting future actions or results, including those set forth in DST's latest periodic financial report (Form 10-K or 10-Q) filed with the Securities and Exchange Commission. All such factors should be considered in evaluating any forward-looking comment. The Company will not update any forward-looking statements in this press release to reflect future events.

DST Health Solutions

CONTACT: Chris Goldman, Media Relations of DST Health Solutions,
+1-816-843-9087

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

Investor Relations Conference Call AdvisoryGCI Announces Fourth Quarter 2007 Earnings Question & Answer Call-In Information

ANCHORAGE, Alaska, Feb. 12 /PRNewswire-FirstCall/ --

WHO: GCI WHAT: GCI will issue its fourth quarter 2007 earnings release after the market closes on Thursday, March 6, 2008. The financial release will be available via First Call, PR Newswire and at http://www.gci.com/. A conference call to discuss operating results will take place on Friday, March 7, 2008 from 2-3 p.m. (Eastern Time). Senior management will conduct the briefing. HOW: To access the briefing on March 7, call the conference operator between 1:50-2 p.m. (Eastern Time) at 800-779-1507 (international callers should dial 210-234-0000). Identify your call as "GCI." Callers will be placed on music hold until the briefing commences. After the direct by GCI, callers may ask questions via the conference operator. The conference call also is accessible via net conferencing. To participate online, log on to http://www.gci.com/ and follow the instructions. Beginning at 4 p.m. (Eastern Time) on March 7, a rebroadcast of the briefing will be available for 72 hours by dialing 866-505-6378, access code 7461. (International callers should dial 203-369-1866.) Callers may utilize the following options during the rebroadcast: -- Press "7" to rewind the call 30 seconds -- Press "8" to pause the call -- Press "9" to fast-forward the call 30 seconds

GCI

CONTACT: Bruce Broquet of GCI, +1-907-868-6660, bbroquet@gci.com

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

Optical Cable Corporation Named 2008 Exporter of the Year

ROANOKE, Va., Feb. 12 /PRNewswire-FirstCall/ -- Optical Cable Corporation today announced that it is has been named 2008 Exporter of the Year in Information Technology/Telecommunications by ThinkGlobal Inc. ThinkGlobal is the publisher of Commercial News USA, the official export promotion magazine of the U.S. Department of Commerce.

The Exporter of the Year award recognizes fifteen U.S. companies for their commitment to international sales. The companies honored were chosen based on a number of criteria, including the number of export deals completed in 2007, the percentage increase in export sales in 2007 compared to the prior year, exports as percentage of total sales, commitment to exporting, commitment to customer service, and innovation and originality in marketing products or services.

Management Comments

"Optical Cable is honored to be a recipient of the 2008 Exporter of the Year award. We thank our loyal customers and commend the Optical Cable sales team whose efforts made this achievement possible," said Mr. Neil Wilkin, President and CEO of Optical Cable Corporation.

"At the core of Optical Cable's growth and value creation strategy is selling products on a worldwide basis. Our international sales team has successfully executed on this strategy and increased our export business- selling to customers in 56 countries with sales outside of the U.S. representing approximately 28% of our total sales in fiscal 2007," stated Mr. Wilkin.

Mr. Michael Newman, Vice President of Sales, International, stated, "Optical Cable views export sales as a long-term commitment. Our international sales team is committed to establishing lasting partnerships with customers around the globe and Optical Cable provides the products and service that demonstrate our commitment."

Company Information

Optical Cable Corporation is a leading manufacturer of fiber optic cables primarily sold into the enterprise market, and the premier manufacturer of military ground tactical fiber optic cables for the U.S. military. Founded in 1983, Optical Cable Corporation pioneered the design and production of fiber optic cables for the most demanding military field applications, as well as fiber optic cables suitable for both indoor and outdoor use. The Company's current broad product offering is built on the evolution of these fundamental technologies, and is designed to provide end-users with fiber optic cables that are easy and economical to install, provide a high degree of reliability and offer outstanding performance characteristics. Optical Cable Corporation sells its products worldwide for uses ranging from commercial and campus installations to customized products for specialty applications and harsh environments, including military applications. The Company manufactures its high quality fiber optic cables at its ISO 9001:2000 registered and MIL-STD- 790F certified facility located in Roanoke, Virginia.

Further information about Optical Cable Corporation is available on the World Wide Web at http://www.occfiber.com/.

FORWARD-LOOKING INFORMATION

This news release by Optical Cable Corporation (the "Company") may contain certain "forward-looking" information within the meaning of the federal securities laws. The forward-looking information may include, among other information, (i) statements concerning the Company's outlook for the future, (ii) statements of belief, anticipation or expectation, (iii) future plans, strategies or anticipated events, and (iv) similar information and statements concerning matters that are not historical facts. Such forward-looking information is subject to risks and uncertainties that may cause actual events to differ materially from the Company's expectations. Factors that could cause or contribute to such differences include, but are not limited to, the level of sales to key customers, including distributors; timing of certain projects and purchases by key customers; the economic conditions affecting network service providers; corporate and/or government spending on information technology; actions by competitors; fluctuations in the price of raw materials (including optical fiber); the Company's dependence on a single manufacturing facility; the Company's ability to protect its proprietary manufacturing technology; market conditions influencing prices or pricing; the Company's dependence on a limited number of suppliers; the loss of or any dispute with one or more key suppliers or customers; an adverse outcome in litigation, claims and other actions, and potential litigation, claims and other actions against the Company; an adverse outcome in regulatory reviews and audits and potential regulatory reviews and audits; adverse changes in state tax laws and/or positions taken by state taxing authorities affecting the Company; technological changes and introductions of new competing products; changes in end-user preferences of competing technologies, including copper cable and wireless, relative to fiber optic cable; economic conditions that affect the telecommunications sector, certain technology sectors or the economy as a whole; terrorist attacks or acts of war, and any current or potential future military conflicts; changes in the level of military spending by the United States government; ability to retain key personnel; inability to recruit needed personnel; poor labor relations; the impact of changes in accounting policies, including those by the Securities and Exchange Commission and the Public Company Accounting Oversight Board; the Company's ability to successfully comply with, and the cost of compliance with, the provisions of Section 404 of the Sarbanes-Oxley Act of 2002 or any revisions to that act which apply to the Company; impact of future consolidation among competitors and/or among customers adversely affecting the Company's position with its customers and/or our market position; actions by customers adversely affecting the Company in reaction to the expansion of the Company's product offering in any manner, including, but not limited to, by offering products that compete with its customers, and/or by entering into alliances with, and/or making investments in or with, parties that compete with and/or have conflicts with customers of the Company; adverse reactions by customers, vendors or other service providers to unsolicited proposals regarding the acquisition of the Company by another company; the additional costs of considering and possibly defending the Company's position on such unsolicited proposals regarding the acquisition of us by another company; impact of weather or natural disasters in the areas of the world in which the Company operates and markets its products; economic downturns and/or changes in market demand, exchange rates, productivity, or market and economic conditions in the areas of the world in which the Company operates and markets its products and the Company's success in managing the risks involved in the foregoing. The Company cautions readers that the foregoing list of important factors is not exclusive and the Company incorporates by reference those factors included in current reports on Form 8-K.

AT THE COMPANY: Neil Wilkin Michael R. Newman President & CEO Vice President of Sales, International (540) 265-0690 (540) 265-0690 investorrelations@occfiber.com sales@occfiber.com AT JOELE FRANK, WILKINSON BRIMMER KATCHER: Andrew Siegel Jaime Wert (212) 355-4449 ext. 127 (212) 355-4449 ext. 173 asiegel@joelefrank.com jwert@joelefrank.com

Optical Cable Corporation

CONTACT: Neil Wilkin, President & CEO, +1-540-265-0690,
investorrelations@occfiber.com, or Michael R. Newman, Vice President of Sales,
International, +1-540-265-0690, sales@occfiber.com, both of Optical Cable
Corporation; or Andrew Siegel, +1-212-355-4449 ext. 127,
asiegel@joelefrank.com, or Jaime Wert, +1-212-355-4449 ext. 173,
jwert@joelefrank.com, both of Joele Frank, Wilkinson Brimmer Katcher

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

Tralliance Issues Reminder to Customers Regarding Bulk Purchase Program

FORT LAUDERDALE, Fla., Feb. 12 /PRNewswire-FirstCall/ -- Tralliance Corporation would like to take this opportunity to remind customers of the bulk purchase program established on December 17, 2007.

Tralliance Corporation, the Registry of the .travel top level domain, has developed a bulk purchase program designed to expand the Registry and to promote wide-spread use of the .travel domain name. Tralliance is soliciting expressions of interest from eligible travel businesses that will be required to commit to a minimum purchase of 25,000 domain names within one year.

All terms are negotiable and subject to change, but Tralliance will provide favorable promotional rebates and credit arrangements with qualified parties. All expressions of interest are confidential.

Please contact: Manager, Bulk Purchase Program at bulkpurchase@tralliance.travel.

About Tralliance Corporation

Tralliance Corporation is a wholly-owned subsidiary of theglobe.com (BULLETIN BOARD: TGLO) that, as the .travel Registry, develops products and services to promote the efficiencies and convenience of e-commerce for travel and tourism companies on the Internet. Designed to serve the global travel and tourism community, the major aims of the .travel sponsored Top Level Domain (sTLD) are improved Internet identity, creation of advanced distribution channels, and the establishment of a strong trust factor between the industry and its customers. For more information visit, http://www.tralliance.travel/, or http://www.travel.travel/.

Safe Harbor

This press release includes forward-looking statements related to theglobe.com, inc. and its subsidiary, Tralliance Corporation, that involve risks and uncertainties, including, but not limited to, risks and uncertainties relating to product delivery, product launch dates, risks relating to the Internet, development and protection of technology, the availability of financing or other capital to fund its plans and operations, the management of growth, market acceptance of our products, our ability to compete successfully against established competitors with greater resources, the uncertainty of future governmental regulation (particularly as it pertains to the Internet), and other risks. These forward-looking statements are made in reliance on the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. For further information about these and other factors that could affect theglobe.com's future results and business plans, please see the Company's filings with the Securities and Exchange Commission, including in particular our Annual Report on Form 10-K for the year ended December 31, 2006, and our Quarterly Report on Form 10-Q for the quarter ended September 30, 2007. Copies of these filings are available online at http://www.sec.gov/. Prospective investors are cautioned that forward-looking statements are not guarantees of performance. Actual results may differ materially and adversely from management expectations.

Contact: Edward Cespedes 954-769-5948 edc@corp.theglobe.com

theglobe.com

CONTACT: Edward Cespedes of theglobe.com, +1-954-769-5948, or
edc@corp.theglobe.com

Web site: http://www.theglobe.com/
http://www.tralliance.travel/
http://www.travel.travel/

Hifn Facilitates New IEEE 1619 Disk and Tape Encryption Standards for Interoperable Secure Storage Solutions

LOS GATOS, Calif., Feb. 12 /PRNewswire-FirstCall/ -- The Institute of Electrical and Electronics Engineers, Inc. (IEEE) has approved two new storage security standards, setting the stage for a new generation of interoperable and highly secure storage solutions powered by encryption technology from security market leaders such as Hifn(TM) , the catalyst behind storage and networking innovation.

(Logo: http://www.newscom.com/cgi-bin/prnh/20070723/CLM036LOGO)

"Many issues in security and storage result from the lack of standards so the interoperability enabled with the IEEE 1619 developments is a huge value proposition for customers to deploy security across a diverse set of storage solutions from multiple vendors," said Russell Dietz, Chief Technology Officer at Hifn. "These new encryption standards were started by Tier 1 storage OEMs, and driven by Hifn, because standards have become imperative for the market to grow, to deliver simplified, broad, secured storage solutions."

The first standard, IEEE 1619(TM) "Standard for Cryptographic Protection of Data on Block-Oriented Storage Devices", addresses data storage on disk drives. The second approved standard, IEEE 1619.1(TM) "Standard for Authenticated Encryption with Length Expansion for Storage Devices", deals with data encryption on enterprise-class tape drives. The new standards provide a high level of interoperability for disk and tape products from different vendors, ensuring that data encrypted on a disk or tape drive from one vendor can be accurately decrypted and read back on devices from other vendors. One of the first commercial products to benefit from the 1619 standardization work is the new LTO-4 tape technology, utilizing encryption mechanisms and encoding models that are recognized by IEEE 1619.1.

Hifn was one of more than a dozen companies that actively participated in the IEEE Security in Storage Working Group that crafted the new disk and tape encryption standards. The company's strong support of storage and security standardization is nothing new and is the latest example of the company's market and technology leadership with a 10-year history of developing high-performance cryptographic processors. Hifn is committed to being an active participant in nurturing emerging standards related to securing information, whether the information is in transit across the network or data at rest residing on removable or fixed media systems.

"Our commitment is to making sure customers can use security in their storage systems," said Dietz. We've simplified the installation and deployment process for encryption ASPs to make security happen in storage systems. By also supporting storage security standardization Hifn is working to accelerate the use of encryption for data at rest."

Hifn's full line of Applied Services Processors as well as its board-level security acceleration products currently support, and are compliant with, the encryption algorithms specified in the IEEE 1619 standards. Hifn's processor architecture leverages a zero-impact design making it a simple process for OEMs to quickly add standardized security functionality to their storage products.

About Hifn

Hifn delivers the key channel and OEM ingredients for 21st century storage and networking environments. Leveraging over a decade of leadership and expertise in the development of purpose-built Applied Service Processors (ASPs), we are a trusted partner to industry leaders for whom infrastructure innovation in storage and networking is critical to success. With the majority of secure networked communications flowing through Hifn technology, the 21st century convergence of storage and networking drives our product roadmap forward. For more information, please visit: http://www.hifn.com/.

"Safe Harbor" Statement under the U.S. Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Specifically, statements regarding the Company's future financial performance including, without limitation, statements related interoperability enabled with the IEEE 1619 developments is a huge value proposition for customers to deploy security, standards have become imperative for the market to grow, and accelerating the use of encryption for data at rest are all forward-looking statements within the meaning of the Safe Harbor that may cause actual results to differ materially from the forward-looking statements contained herein. Factors that could cause actual results to differ materially from those described herein include, but are not limited to: dependency on a small number of customers; customer demand and customer ordering patterns; and orders from Hifn's customers may be below the company's current expectations. These and other risks are detailed from time to time in Hifn's filings with the Securities and Exchange Commission. Hifn expressly disclaims any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20070723/CLM036LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Hifn, Inc.

CONTACT: Corporate Communications of Hifn, Inc., +1-408-399-3520,
press@hifn.com; or Judy Smith of JPR Communications, +1-818-386-0403,
judys@jprcom.com, for Hifn

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

La prochaine génération d'innovations Microsoft est centrée sur les clients mobiles

BARCELONE, Espagne, February 12 /PRNewswire/ --

- La société accepte d'acquérir Danger Inc et dévoile de nouveaux partenariats industriels destinés à rehausser l'expérience des utilisateurs d'informations et de loisirs mobiles

Prenant des measures pour mettre ses technologies dans les mains de plus en plus d'utilisateurs mobiles, Microsoft Corp a annoncé aujourd'hui l'acquisition de Danger Inc, une société créatrice de logiciels et de services utilisés par de nombreux téléphones grand public prisés. Microsoft a également annoncé l'adoption et le déploiement de ses logiciels et ses services par de nouvelles sociétés internationales de premier plan.

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

Avec l'acquisition de Danger, Microsoft tirera profit de la quasi décennie d'expertise de la société auprès des utilisateurs mobiles. Basée à Palo Alto, en Californie, Danger fournit des services qui permettent aux personnes de rester en contact, de s'organiser et de rester informés partout où ils se trouvent, grâce à des applications de messagerie mobile en temps réel, de services de réseaux sociaux, de navigation Web et de gestion d'informations personnelles. La combinaison de ces services et des technologies mobiles et de loisir connectées de Microsoft offrira les outils nécessaires pour accélérer la création d'expériences de communication et de loisirs de premier plan pour les utilisateurs.

En plus de l'acquisition de Danger, Microsoft a mis en exergue son partenariat avec Sony Ericsson Mobile Communications AB pour créer des téléphones Windows Mobile, annoncé le développement des services Windows Live et MSN Direct dans le monde entier, et a démontré comment l'adoption élargie du logiciel Microsoft offre aux utilisateurs plus de contrôle sur le contenu numérique. Parmi d'autres sociétés, Brightstar Corp, Cbeyond, MTS (Mobile TeleSystems OJSC), Omnifone Ltd, Orascom Telecom Holding, TechData, Telecom Italia, Telefonica, Wind Greece et Wind Italy ont annoncé aujourd'hui leurs intentions d'utiliser les dernières innovations technologiques de Microsoft.

Le président de la division divertissement et dispositifs de Microsoft, Robbie Bach, a annoncé ces nouvelles aujourd'hui dans un discours d'ouverture au salon Mobile World Congress 2008, où il a présenté la stratégie de Microsoft et de son partenaire mobile.

<< Selon nous, où que vous alliez, votre téléphone doit vous permettre d'accéder à votre monde >>, a déclaré M. Bach. << Microsoft construira sur son offre actuelle destinée aux utilisateurs commerciaux en proposant une nouvelle gamme complète d'expériences pour les utilisateurs mobiles. Nous avons les plus larges partenariats, les individus les plus talentueux, et les meilleurs logiciels et services pour y parvenir. >>

Microsoft bénéficie actuellement de partenariats avec quasiment tous les fabricants d'appareils et opérateurs mobiles dans le monde. Avec la nouvelle addition de Sony Ericsson hier, le système Windows Mobile est le seul à s'exécuter sur les téléphones de 50 fabricants utilisés par 160 opérateurs mobiles. Les logiciels et les services de Microsoft, y compris Windows Mobile, Windows Live Messenger, Hotmail et Windows Live Spaces, le service de blog le plus utilisé au monde, sont également utilisés par les fabricants d'appareils, notamment HTC Corp, LG Electronics, Motorola Inc, Nokia, Palm Inc, Research in Motion Ltd (RIM) et Samsung.

La création de nouvelles expériences pour les utilisateurs mobiles

L'offre de nouvelles expériences divertissantes, informatives et interactives s'inscrit dans la stratégie de Microsoft pour aider plus d'utilisateurs dans le monde à bénéficier de technologies mobiles de plus en plus puissantes.

Au salon 3GSM 2007, Microsoft avait dévoilé PlayReady, une nouvelle technologie d'accès de contenu qui permet aux propriétaires de contenu et aux fournisseurs de service de proposer et de gérer virtuellement tous types de contenu numérique en utilisant une large gamme de modèles d'entreprise. En un an à peine, cette technologie a gagné un élan considérable dans l'industrie, avec notamment l'annonce d'une récente collaboration avec Nokia pour la prise en charge de la technologie PlayReady sur les plates-formes mobiles Nokia S60 et série 40.

Aujourd'hui, certains des principaux opérateurs mobiles et fournisseurs de services dans le monde ont annoncé leur intention de déployer PlayReady, notamment Telefónica España, Telecom Italia, Omnifone Ltd et Weather Investments SpA, qui sert plus de 100 millions de clients dans neuf pays via les opérateurs mobiles Orascom Telecom Holding, Wind Italy et Wind Greece. Conçu pour les applications, les appareils et les services de loisirs numériques, avec l'objectif spécifique de répondre aux besoins de l'industrie mobile, PlayReady offre une facilité d'utilisation améliorée aux consommateurs cherchant à accéder, gérer et recevoir du contenu sur plusieurs sortes d'appareils.

Améliorant les nouvelles expériences mobiles, Microsoft a annoncé sa première présentation publique d'une application qui permet d'accéder au contenu de MSN Direct sur des téléphones Windows Mobile. Cette nouvelle application téléchargeable offre aux utilisateurs de Windows Mobile un accès instantané à des informations telles que les prévisions météorologiques et les cours de la bourse, les principales infos du jour, les actualités commerciales, sportives et de loisirs, directement sur leurs téléphones Windows Mobile. Les informations sont présentées dans un format compact facilement accessible depuis un écran de téléphone, et le contenu est mis à jour automatiquement pour que les utilisateurs aient un accès immédiat aux informations qui les intéressent le plus.

En outre, Telefonica, un des principaux opérateurs intégrés au monde, a annoncé aujourd'hui qu'il avait adopté Windows Live Services pour tous ses combinés WAP dans 12 pays en Amérique latine, spécifiquement ceux où la société offre ses services cellulaires sous la marque Telefonica movistar. Les clients de Telefonica movistar en Amérique latine auront accès à Windows Live Hotmail, Windows Live Messenger et Windows Live Spaces sur leurs téléphones, bénéficiant des premiers services de partage et de communication au monde.

Des partenariats critiques pour créer les téléphones et les services adaptés à un large public

Renforçant les partenariats de Microsoft avec les plus grands fabricants de téléphones au monde, la société a annoncé hier que Sony Ericsson proposera un téléphone Windows Mobile, le XPERIA X1, un téléphone à glissière qui réunit la communication Web mobile et les loisirs multimédias pour répondre à la demande des utilisateurs pour une expérience mobile convergente de qualité.

Approfondissant ses partenariats avec les développeurs, Microsoft a publié aujourd'hui plusieurs mises à jour du Windows Live Mobile Developer Program, y compris un nouveau SDK et une nouvelle plate-forme, Microsoft Mobile Services Protocol, offrant aux développeurs de nouvelles capacités pour utiliser Windows Live dans les services mobiles, et pour utiliser la plate-forme pour innover avec ces services.

Microsoft a également annoncé l'élargissement de l'offre destinée à ses opérateurs mobiles partenaires avec le lancement de Windows Live @mobile, un programme standardisé mondial, qui permet aux opérateurs de déployer plus rapidement une gamme de services mobiles standard Microsoft, tels que Windows Live et MSN Mobile. En déployant des services plus rapidement, Windows Live @mobile offre aux opérateurs mobiles partenaires de Microsoft de nouvelles opportunités de revenus.

De plus, Microsoft a annoncé l'expansion de son portefeuille de clients de publicité mobile avec des éditeurs mobiles leaders sur le marché français, notamment L'Équipe, Boursier.com et Autonews. Orange, un opérateur de premier plan en Espagne, a également choisi Microsoft comme partenaire pour sa publicité mobile en Espagne. Avec sa technologie de publicité mobile créée par le groupe Advertiser and Publisher Solutions Group de Microsoft et sa filiale ScreenTonic SA, un leader de la publicité mobile en Europe, Microsoft est à même de fournir des publicités adaptées aux opportunités changeantes du marché des téléphones mobiles. Cette annonce survient à la suite des récents lancements publicitaires sur les propriétés MSN de Microsoft aux États-Unis, au Royaume-Uni et en France.

Plus d'opportunités mobiles pour plus de sociétés et de clients dans le monde

Des sociétés internationales se sont jointes à Microsoft aujourd'hui pour annoncer le développement de la technologie mobile de Microsoft en Asie, en Europe et aux États-Unis, une preuve tangible de la gamme d'offres versatiles de Microsoft qui répondent aux attentes des utilisateurs dans le monde.

Selon une annonce faite aujourd'hui, Microsoft s'est associée à Brightstar Europe, une co-entreprise de Tech Data Corp et Brightstar Corp, des fournisseurs de technologies pour les revendeurs et de solutions pour les PME. Grâce à ce partenariat, Brightstar Europe soutiendra le déploiement Windows Mobile avec des services de formation et de soutien technique, et les réseaux de revendeurs de TechData et Brightstar dans la région offriront des téléphones Windows Mobile. Il s'agit du premier accord de cette sorte entre Microsoft et Brightstar Europe, et il offrira aux PME de l'Union européenne une offre mobile complète, y compris des serveurs, des appareils, des services et un soutien technique.

En outre, Microsoft et l'opérateur mobile russe MTS ont annoncé aujourd'hui leur coopération pour proposer de nouveaux services de communication mobiles aux clients de MTS. Dans le cadre de cet accord, MTS et Microsoft collaboreront et créeront une feuille de route pour offrir des services innovants destinés à satisfaire la demande croissante des 85 millions d'abonnés de MTS. Leur première offre commune proposera aux utilisateurs l'accès aux ordinateurs portables Windows Vista avec une capacité mobile haut débit intégrée, par abonnement. À des prix considérablement inférieurs à ceux des ordinateurs portables actuels avec des technologies 3G intégrées, MTS proposera la meilleure solution sur le marché, avec une conception de portable innovante, une gamme tarifaire adaptée à des utilisateurs et services variés, et un équipement testé et certifié pour répondre aux attentes élevées des clients de MTS. Le programme d'abonnement PC devrait être disponible aux clients de MTS dès juin 2008.

Le service Microsoft Exchange hébergé constitue la base d'un nouveau service de Cbeyond, un fournisseur américain de services de communication innovants destinés aux PME. Microsoft et Cbeyond ont annoncé aujourd'hui un nouveau service de messagerie, avec la prise en charge d'appareils mobiles, désormais disponible par le biais d'une offre groupée de services de communication ciblant spécifiquement les PME. L'offre groupée de Cbeyond comprend le matériel et le temps d'antenne pour le service de téléphonie mobile, le service téléphonique local et longue distance, l'accès Internet haut débit T-1, et une messagerie de classe entreprise basée sur Microsoft Exchange hébergé. Avec Microsoft Exchange hébergé de Cbeyond, les utilisateurs peuvent tirer profit de toutes les capacités offertes via une solution de messagerie de classe entreprise, y compris la planification des rendez-vous, les informations de contact partagées, la gestion des tâches et la synchronisation en liaison radio de toutes ces informations, toutes accessibles via Microsoft Office Outlook sur le bureau, un navigateur Web ou un smartphone.

Pour plus d'informations sur la stratégie mobile de Microsoft pour offrir ses technologies avancées à une audience mobile croissante, visitez http://www.microsoft.com/presspass/events/mobileworldcongress/default.mspx.

À propos de Microsoft

Fondée en 1975, Microsoft (Nasdaq : MSFT) est le numéro un mondial des solutions et services logiciels destinés à permettre aux individus et aux entreprises de réaliser leur plein potentiel.

À propos de Microsoft EMEA (Europe, Moyen-Orient et Afrique)

Microsoft exerce des activités dans la région EMEA depuis 1982. Dans cette région, Microsoft emploie plus de 16 000 personnes dans 64 filiales, fournissant des produits et des services dans plus de 139 pays et territoires.

Ce document a pour seul objectif d'être informatif. Microsoft Corp n'assure aucune garantie et condition concernant l'utilisation de ce document à d'autres fins. Microsoft Corp ne pourra, à aucun moment, être tenue responsable pour tout dommage spécial, direct, indirect ou consécutif, que ce soit dans l'action d'un contrat, d'une négligence ou de toute autre action provenant ou liée à l'utilisation ou à la performance du document. Rien de ce qui est mentionné ci-dessus ne constitue une garantie de quelque nature que ce soit.

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

Microsoft Corp.

Weber Shandwick, +1-425-452-5400, usmcb@webershandwick.com, pour Microsoft. Si vous désirez obtenir des informations supplémentaires sur Microsoft dans la zone EMEA, veuillez consulter http://www.microsoft.com/emea ou le centre de presse EMEA à l'adresse http://www.microsoft.com/emea/presscentre. Les liens hypertextes, les numéros de téléphone et les titres étaient corrects au moment de la publication, mais peuvent avoir changés depuis. Pour une assistance supplémentaire, les journalistes et les analystes peuvent contacter les numéros listés sur http://www.microsoft.com/emea/presscentre/contactus.mspx. Si vous désirez obtenir des informations supplémentaires sur Microsoft Corp, veuillez visiter la page Web de Microsoft à http://www.microsoft.com/presspass sur les pages d'information institutionnelles de Microsoft. Photos : NewsCom http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO, Archives AP : http://photoarchive.ap.org, PRN Photo Desk photodesk@prnewswire.com

Nocopi Technologies, Inc. Announces New WebsiteDetailing Technologies and Products Developed for Entertainment and Toy Products, Solutions Against Counterfeiting, Product Diversion, and For Brand Protection and Document Security Including Tamper Resistant Prescription Pads

WEST CONSHOHOCKEN, Pa., Feb. 12 /PRNewswire-FirstCall/ -- Nocopi Technologies, Inc., (BULLETIN BOARD: NNUP) announced today that the Company now has in place a new website (see http://www.nocopi.com/) that presents current and future information about the Company's Goals and Objectives, Technologies, Products, News, Contacts, and a Store Page for ordering products and obtaining licensing information to use ink technology for Entertainment and Security.

Michael A. Feinstein, M.D., Chairman and Chief Executive Officer of Nocopi, said, "We are presenting new information about the technologies and products that we have developed with our publishing partners in the large entertainment and toy products area. In addition, we explain our research and development activities to offer exciting technologies ideal for other business applications. These include developing solutions against counterfeiting, product diversion, document security, and authentication including our new Secure Rub Tamper Resistant Prescription Pads by the application of patented technologies including invisible inks, color changing inks, reactive thread and document security paper products.

Michael Minerva, of Minerva Design, located in Rochester, N.Y., said, "Our goal and purpose in working with Nocopi is to create communication tools that make their 'Simple and Secure' message stand out." Dr. Feinstein added, "We believe that we have gotten to the heart of what matters to Nocopi's target audiences by producing a website that is compelling, communicative, and presents crisp, clear, and colorful messages that lay a foundation for Nocopi's exciting technologies and products for entertainment, and also those for security. We enjoyed working with Minerva Design in the development of our new informative Nocopi website. We believe that we have presented the essence of what Nocopi is all about. The flashing messages that appear on our Home Page highlight Nocopi's Vision. They are as follows:

-- Using Ink for Creative Solutions -- From Counterfeiting to Activity and Game Books, Nocopi has the Solutions -- Patented Paper and Inks for Security and Entertainment -- Licensing Security & Entertainment Ink Technology

We are committed to continue working as a team with our publishing partners to develop new and innovative products for kids of all ages. In addition, we continue to research and develop products to deal with the ever increasing problems that manufacturers, distributors, and consumers are experiencing with product counterfeiting, product diversion, and identity theft. Our progress will continue as we introduce new and improved innovations targeting this market. Our new website will always be up-to-date reflecting the present and future developments at Nocopi Technologies."

FORWARD-LOOKING INFORMATION

The foregoing contains forward-looking information within the meaning of The Private Securities Litigation Act of 1995. Such forward-looking statements involve certain risks and uncertainties. Actual results may differ materially from such forward-looking statements (a summary of which may be found in the Company's Annual Report on Form 10-KSB for the year ended December 31, 2006 and its Quarterly Report on Form 10-QSB for the quarter ended September 30, 2007 under the caption "Risk Factors"). The Company does not undertake to publicly update or revise its forward-looking statements even if experience or further changes make it clear that any projected results (expressed or implied) will not be realized.

Nocopi Technologies, Inc.

CONTACT: Rudolph Lutterschmidt, Chief Financial Officer of Nocopi
Technologies, Inc., +1-610-834-9600

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

Acrongenomics en passe d'acquérir Molecular Vision

GENEVE, Suisse, February 12 /PRNewswire/ --

- La cible du premier trimestre a été acceptée

Acrongenomics, Inc. (OTC: AGNM), le groupe de développement technologique basé à Genève, est parvenu à un accord avec Molecular Vision et Imperial Innovations concernant le délai pour l'acquisition complète de Molecular Vision. Suite à l'acquisition initiale de 10,9 % des actions de Molecular Vision annoncée plus tôt ce mois-ci, toutes les parties ont convenu que l'acquisition complète de Molecular Vision serait terminée avant la fin du premier trimestre 2008.

Acrongenomics est une société renommée qui identifie, puis investit dans des technologies révolutionnaires. En mai 2006, la société a été la première à identifier la combinaison de microfluides et de polymères à réaction légère développée par Molecular Vision comme ayant le potentiel de révolutionner totalement le marché des diagnostics au point d'intervention (PoC - Point of Care). Dans un dispositif portatif compact et facile à utiliser, les fonctions analytiques de plusieurs pièces d'équipements standards de laboratoire peuvent être dupliquées. Cela signifie qu'un très large éventail de tests de diagnostic fondés sur les mêmes procédures que celles utilisées en laboratoire peut désormais être entrepris dans le cabinet d'un médecin, voire sur le terrain si, par exemple, on essaie d'identifier l'apparition d'une maladie infectieuse chez des animaux de la ferme. Ce potentiel d'utilisation étendue a été identifié par Acrongenomics et les a amenés à investir 4,6 millions de dollars US dans Molecular Vision, afin de développer un prototype de l'appareil portatif et d'entreprendre des essais en comparant les résultats obtenus avec l'appareil et ceux obtenus à partir des équipements standards quotidiennement utilisés dans les laboratoires de pathologie. Les résultats d'une étude comparative mesurant la créatinine dans l'urine devraient être présentés comparant l'appareil de Molecular Vision au Siemens DCA 2000. Ces résultats ont démontré une bonne corrélation. Un autre essai comparatif mesurant la vitamine C est en cours et divers tests sanguins sont prévus. Une fois ces essais comparatifs terminés, la société devrait commercialiser le premier tableau de diagnostic visant à contrôler la fonction rénale, suivi d'rénale, suivi d'un contrôle de la vitamine C.

Le Dr Dimitris Goundis, PDG d'Acrongenomics, commente : << Molecular Vision possède une équipe exceptionnelle qui travaille avec une technologie passionnante qui, nous le pensons, occupera une part prépondérante du marché de PoC, estimé à 11 milliards de dollars US. En raison de la nature compacte et mobile de cette technologie, nous l'envisageons comme ayant une application beaucoup plus large que lorsque nous avons fait l'investissement initial pour sécuriser les droits pour les applications rénales, cardiovasculaires et MST. Nous voyons désormais cela comme une unité standard qui sera utilisée dans les hôpitaux, les cliniques, les chambres de malade, les salles d'opération et les services d'urgence, en réalité dès lors que des résultats rapides sont requis pour une intervention rapide à une extrémité du spectre, ou pour le confort du patient en clinique ou en cabinet médical à l'autre extrémité. Cependant, la véritable polyvalence de cet appareil est telle que l'unité peut être emportée sur le terrain, non seulement pour soutenir les initiatives de santé orientées vers la communauté mais également dans le domaine de la sécurité intérieure et du domaine vétérinaire, où des tests in situ de maladie infectieuse peuvent être réalisés. Après avoir observé toutes ces applications possibles du dispositif, il nous semble maintenant opportun de protéger notre investissement primaire et de prendre le contrôle total de la commercialisation rapide de cette technologie exceptionnelle et polyvalente. >>

Le Dr Ian Campbell, PDG de Molecular Vision, ajoute : << Acrongenomics est un partenaire idéal pour soutenir la société puisque nous bénéficions désormais d'un accès garanti au financement qui permettra à l'équipe de se concentrer exclusivement sur la production de données comparatives pour une gamme croissante de tests diagnostiques. Depuis que nous avons présenté l'appareil pour la première fois en mars 2007, nous avons été en mesure de multiplier par 100 la sensibilité de détection grâce à une combinaison de sources optiques, de détecteurs optiques et de filtres optimisés, tous étant assemblés pour un faible coût, idéal pour le marché du diagnostic sur le point d'intervention. Nous devons maintenant montrer de façon irréfutable que ce système génère les mêmes données avec le même degré de précision que les tests basés en laboratoire. Cela devrait être relativement simple puisque les tests sont essentiellement identiques, mais nous avons l'avantage d'utiliser des microfluides rendant l'appareil portatif. Nous travaillons avec l'équipe d'Acrongenomics depuis 2006 et il est évident qu'elle comprend désormais la technologie et a remarqué des marchés beaucoup plus larges qui pourraient tirer profit de cette technologie. Nous pouvons nous concentrer sur ce en quoi nous excellons et laisser le côté administratif à une équipe tout aussi experte. >>

Notes aux rédacteurs

Le marché mondial des tests au point d'intervention (PoC) était estimé à 11,3 milliards de dollars US en 2007 et affiche une croissance annuelle de 11%. Les tests PoC représentent environ 34 % du marché mondial des tests diagnostiques in vitro (IVD) estimé à 33,6 milliards de dollars US.

Les deux sociétés ont conclu un accord conjoint de collaboration en mars 2006 afin de mettre en place une plateforme de détection hautement sophistiquée. Dans l'accord initial, Acrongenomics possédait des droits exclusifs sur l'utilisation du produit dans les domaines de la fonction rénale, des marqueurs cardiaques et des maladies sexuellement transmissibles.

Molecular Vision poursuit le développement de la technologie et le portefeuille de propriété intellectuelle et a déposé quatre brevets supplémentaires depuis la signature de l'accord premier avec Acrongenomics.

Un concept d'origine a été développé dans un démonstrateur sur PDA en mars 2007. En octobre 2007, l'appareil de seconde génération était alimenté par batterie, entièrement portatif et doté d'un écran LCD. Avant la fin du premier trimestre 2008, la technologie PoC consistera en une unité autonome robuste capable de mesurer la créatinine et la vitamine C simultanément dans l'urine, avec le même degré de précision et de sensibilité qu'un test en laboratoire pathologique utilisant un appareil à canaux multiples et ce, en moins de 5 minutes.

Des travaux sont en cours sur le développement de marqueurs cardiaques avec des données préliminaires démontrant que la myoglobine à 100 ng/ml peut être détectée par le système par immunofluorescence.

Informations importantes concernant les énoncés prospectifs

Tous les énoncés de ce communiqué de presse autres que ceux concernant des faits historiques sont des énoncés prospectifs, lesquelles reflètent nos attentes actuelles quant à nos résultats futurs. Ces énoncés prospectifs impliquent de nombreux risques et incertitudes. Nous avons tenté d'identifier ces énoncés prospectifs à l'aide de verbes tels que << anticiper >>, << croire >>, << pouvoir >>, << espérer >>, << avoir l'intention de >>, << devoir >> et autres expressions similaires. Bien que nous pensions que les attentes reflétées par ces énoncés soient raisonnables, nous ne pouvons donner aucune garantie que ces attentes s'avéreront correctes. Un certain nombre de facteurs peuvent affecter nos résultats futurs et peuvent amener ces résultats à être sensiblement différents de ceux indiqués dans les énoncés prospectifs. Ces facteurs comprennent notre historique d'exploitation limitée ; notre besoin considérable en capital pour financer la croissance interne ainsi que les acquisitions stratégiques ; notre capacité à attirer et retenir des salariés clés et des partenaires stratégiques ; notre capacité à atteindre et maintenir la rentabilité ; les fluctuations du prix d'échange et du volume de notre stock ; la concurrence d'autres fournisseurs de produits et services similaires ; et d'autres événements et conditions futurs non anticipés. Pour plus d'informations concernant les risques et incertitudes pouvant affecter nos résultats futurs, vous pouvez consulter les éléments contenus dans nos derniers dossiers déposés à la SEC, notamment notre rapport annuel le plus récent sur le formulaire 10-KSB, et les rapports trimestriels ultérieurs sur le formulaire 10-QSB. Sauf exigence contraire des lois fédérales, nous rejetons toute obligation de mettre à jour ou de revoir publiquement nos énoncés prospectifs, que ce soit en conséquence de circonstances modifiées, de nouvelles informations, d'événements futurs ou pour toute autre raison se produisant après la date de parution de ce communiqué.

A propos d'Acrongenomics :

Acrongenomics Inc. est une entreprise publique axée sur les investissements dans et la commercialisation de plateformes technologiques novatrices concernant le secteur des sciences de la vie. Acrongenomics amène des concepts novateurs et réalistes sur le marché en transformant les innovations scientifiques en applications tangibles orientées vers le consommateur. Le siège de la société se trouve à Genève, Suisse.

A propos de Molecular Vision:

Molecular Vision est une société dérivée de l'Imperial College qui développe des appareils de diagnostic à bas coût destinés à la chirurgie et au domicile. Ses appareils propriétaires combinent des puces microfluidiques à des sources optiques à semi-conducteurs organiques et des photodétecteurs pour fournir des tests de diagnostic de la qualité de tests de laboratoire dans un format miniaturisé, facile à utiliser et jetable.

GENEVE, Suisse, February 12 /PRNewswire/ --

Acrongenomics, Inc.

Pour plus d'informations, veuillez contacter : Dr Dimitris Goundis, PDG, +41-227-165-300, Acrongenomics Inc. ; Dr Ian Campbell, PDG, +44-207-594-1430, Molecular Vision ; Mike Wort/Kevin Payne, +44-207-861-3838, De Facto Communications Limited

Outdoor Channel Launches on Wide Open WestLeader in Outdoor TV to Launch in Key Chicago, Detroit, Columbus and Cleveland Markets

TEMECULA, Calif., Feb. 12 /PRNewswire/ -- Outdoor Channel, America's Leader in Outdoor TV, today announced its rollout on Wide Open West (WOW! Internet, Cable and Phone). The network is now available to WOW! Digital Cable customers in the Chicago, Detroit, Columbus and Cleveland markets.

"Our partnership with WOW! supports our expansion into areas that have a particularly large concentration of avid hunters, anglers and people who appreciate the great outdoors," said Randy Brown, Senior Vice President, Affiliate Sales and Marketing at Outdoor Channel. "WOW! will not only drive new viewers to this exciting category, but also provide added value to those that have already discovered what Outdoor Channel has to offer."

"At WOW! we are committed to providing our customers with programming choices that are unique," said WOW! Vice President of Programming, Peter Smith. "We are excited to offer our customers Outdoor Channel with its top-rated, distinctive programming that cannot be found anywhere else."

About Outdoor Channel

Outdoor Channel is America's Leader in Outdoor TV, offering programming that captures the excitement of hunting, fishing, off-road motorsports, adventure and the Western lifestyle. The network can be viewed on multiple platforms including high definition, video-on-demand, as well as on a dynamic new web site. Outdoor Channel is a wholly owned subsidiary of Outdoor Channel Holdings, Inc. (NASDAQ GM: OUTD). For more information about Outdoor Channel, please visit http://www.outdoorchannel.com/.

About WOW!

WOW! is one of the nation's leading providers of high-speed Internet, cable television and telephone services serving customers in Michigan, Illinois, Indiana and Ohio. For more information about WOW!, please visit http://www.wowway.com/.

Outdoor Channel

CONTACT: Angela Hein of Bob Gold & Associates, +1-310-784-1040,
angela@bobgoldpr.com, for Outdoor Channel

Web site: http://www.outdoorchannel.com/
http://www.wowway.com/

Mediagrif Reports Q3 FY2008 Financial Results- Revenues of $12.2 million compared to $11.9 million in the previous year - Net earnings of $0.6 million compared to $1.6 million in the previous year - EPS of $0.04 compared to $0.09 in the previous year

LONGUEUIL, QC, Feb. 12 /PRNewswire-FirstCall/ -- Mediagrif Interactive Technologies Inc. (TSX: MDF), a world-leading developer of e-business networks and provider of complete e-business solutions, today announced its financial results for the third quarter of fiscal year 2008 ended December 31, 2008.

Revenues for the third quarter amounted to $12.2 million, as compared to $11.9 million in the corresponding quarter of the previous year. Again this quarter, most of Mediagrif's major e-business networks experienced good organic growth, especially the US government e-publishing sector which grew by 14%. Such growth was partly offset by a decrease in the revenues of Carrus Technologies and Power Source On-Line, and, foreign exchange variations which again negatively impacted quarterly revenues by over $0.8 million. The revenues also benefited from a full quarter of the two acquisitions made in Q2 of the current year.

Operating expenses increased to $8.9 million during the third quarter from $7.7 million in the corresponding quarter of the previous year mainly due to the impact of acquisitions, higher headcount, increase of the marketing activities and growing investments as part of our international expansion strategy.

As a result of such increase in operating expenses, earnings from operations amounted to $0.6 million as compared to $2.0 million for the corresponding period of the previous year. Net earnings and basic earnings per share for the third quarter amounted to $0.6 million or $0.04 per share, as compared to $1.6 million or $0.09 per share for the corresponding quarter of the previous year.

"Again this year, the continued rise of the Canadian dollar had a negative impact on our net earnings, which translated in a loss of $0.065 per share. However, during the third quarter, we successfully executed on our integration plan for the two acquisitions made during the previous quarter. We also announced a new partnership with Airports Council International in November. This is a great example of how MERX is able to apply its many years of e-publishing expertise to meet the specific needs of private-sector businesses, which is a sector we will continue to develop. Finally, we continued our development activities in Dubai, India and China, where we are promoting our brand through partnerships with different organizations," commented Denis Gadbois, President and Chief Executive Officer of Mediagrif.

KEY OPERATING HIGHLIGHTS OF Q3 FY2008:

On November 29th, 2007, our MERX subsidiary announced its partnership with Airports Council International to launch Aerobidz.com, an e-publishing service for the global airport industry.

KEY FINANCIAL HIGHLIGHTS OF Q3 FY2008:

Revenues for the quarter reached $12.2 million, as compared to $11.9 million in the corresponding quarter of the previous year. The foreign exchange fluctuation negatively impacted the quarterly revenues by $0.8 million. Most of Mediagrif's major e-business networks experienced good organic growth, especially the US government e-publishing sector. However, we continued to face a market slowdown in Carrus Technologies due to a tendering process by one of our partners. Power Source On-Line experienced revenue decrease caused by net additional members generating lower average revenue. During the quarter, the acquisitions contributed to total revenues for approximately $1.0 million.

Revenues for the nine-month period reached $35.6 million as compared to $34.8 million in the corresponding period of last year. The foreign exchange variation remains the main factor offsetting the organic growth with a negative impact on the revenues of $1.8 million.

For the quarter ended December 31, 2007, total operating expenses amounted to $8.9 million as compared to $7.7 million for the previous year. General and administrative expenses increased from $2.9 million to $3.1 million mainly due to the impact of the acquisitions and higher headcount. Sales and marketing expenses increased from $2.3 million last year to $2.9 million due to the acquisitions, growing marketing activities and continued investments in international operations. Technology expenses increased from $2.0 million to $2.1 million mainly due to the acquisitions.

For the nine-month period ended December 31, 2007, total operating expenses amounted to $25.2 million as compared to $21.5 million for the previous year. General and administrative charges increased from $7.9 million to $9.1 million, mainly due to the impact of the acquisitions, higher compensation costs due to increased overall headcount and higher variable remuneration. Sales and marketing expenses increased from $6.3 million last year to $7.9 million for the nine months ended December 31, 2007. This increase is attributable to the impact of our growing investments made as part of our international expansion strategy, the increase of the marketing activities and the acquisitions. Technology expenses increased from $5.8 million to $6.5 million, due to higher headcount in the technology department.

As a result, earnings from operations during the quarter amounted to $0.6 million, as compared to $2.0 million in the corresponding quarter of the previous year. As for the nine-month period ended December 31, 2007, earnings from operations amounted to $3.1 million as compared to $6.8 million, due to higher operating expenses and the negative impact of foreign exchange variations. Quarterly and year-to-date diluted earnings per share, for the current year, were $0.04 and $0.14 respectively, as compared to $0.09 and $0.28 for the same periods last year.

As of December 31, 2007, our cash and cash equivalents reached $26.6 million, an increase from $11.2 million as of March 31, 2007 and a decrease from $61.6 million as of December 31, 2006. As of December 31, 2007, we had no short-term investments as compared to $53.1 million as of March 31, 2007 and to nil as of December 31, 2006. Free cash flow, defined as cash flow from operating activities less capital expenditures, was $0.1 million during the third quarter, as compared to $2.9 million for the previous year, the variation mainly explained by the variation of earnings and changes in non-cash working-capital items.

On March 1, 2007, the Company announced the launch of a normal course issuer bid whereby it is authorized to purchase for cancellation for the twelve-month period starting March 5, 2007 up to 1,018,501 common shares. As such, during the first nine months of the year, the Company purchased 289,541 common shares for cancellation at an average price of $7.21, for total consideration of $2.1 million. Since the beginning of the program, the Company purchased 335,641 common shares for cancellation.

ADDITIONAL INFORMATION:

Management's Discussion and Analysis of third quarter results, along with detailed financial results, can be accessed on the Corporation's Web site at http://www.mediagrif.com/.

A live Web cast of Mediagrif's third quarter FY2008 financial results conference call can be heard at 10:00 am EST Wednesday, February 13, at the following link: http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=2160180

Please note that the Web cast will be available until April 12, 2008 at the above link.

To participate to the conference call: Local call-in number: (514) 861-1531 Toll-free call-in number: 1 866 223-7781

The conference call will also be available for listening until February 20, 2008 at the following number: 1 800 408-3053, access code 3224489#.

About Mediagrif Interactive Technologies Inc.

Mediagrif Interactive Technologies Inc. (TSX: MDF) is a world-leading operator of e-business networks and provider of complete e-business solutions. Mediagrif's e-business networks allow buyers and sellers within specific industries to source, purchase or sell products and to exchange documents more efficiently using the Internet. Mediagrif operates 15 networks, including industry leaders http://www.brokerforum.com/, http://www.powersourceonline.com/, http://www.telecomfinders.com/, http://www.globalwinespirits.com/ and http://www.polygon.net/. Mediagrif also owns MERX, http://www.merx.com/, the exclusive provider of e-publishing services to the Government of Canada, and is a leading provider of government bid aggregation services and e-procurement services in the U.S. Headquartered in Longueuil, Mediagrif has various offices in Canada, the U.S, China, India and Dubai. For more information, please visit us at http://www.mediagrif.com/ or call 1 877 677-9088.

This press release contains certain forward-looking statements with respect to the Company. These forward-looking statements, by their nature, necessarily involve risks and uncertainties that could cause actual results to differ materially from those contemplated by these forward-looking statements. We consider the assumptions on which these forward-looking statements are based to be reasonable, but caution the reader that these assumptions regarding future events, many of which are beyond our control, may ultimately prove to be incorrect since they are subject to risks and uncertainties that affect us. We disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities legislation. All amounts are in Canadian dollars.

MEDIAGRIF INTERACTIVE TECHNOLOGIES INC. CONSOLIDATED BALANCE SHEETS ------------------------------------------------------------------------- ------------------------------------------------------------------------- (Canadian dollars in Thousands) December 31, March 31, 2007 2007 (Unaudited) (Note 1) ------------------------------------------------------------------------- ------------------------------------------------------------------------- $ $ ASSETS Cash and cash equivalents 26,618 11,221 Short-term investments - 53,099 Accounts receivable 8,576 4,685 Tax credits receivable 2,722 1,672 Prepaid expenses 685 741 Future income taxes 254 254 ------------------------------------------------------------------------- 38,855 71,672 Premises and equipment 2,906 2,644 Intangible assets 4,891 5,054 Acquired intangible assets 8,418 4,754 Goodwill 28,166 22,261 Other assets 91 156 Future income taxes 1,065 831 ------------------------------------------------------------------------- 84,392 107,372 ------------------------------------------------------------------------- ------------------------------------------------------------------------- LIABILITIES Accounts payable and accrued liabilities 8,334 5,425 Income taxes payable 2,557 2,751 Deferred revenue 7,716 8,371 Current portion of purchase price payable 108 262 Current portion of deferred gain on licenses 647 676 Future income taxes 560 476 ------------------------------------------------------------------------- 19,922 17,961 Deferred gain on licenses - 479 ------------------------------------------------------------------------- 19,922 18,440 ------------------------------------------------------------------------- SHAREHOLDERS' EQUITY Capital stock (note 6) 50,669 60,912 Share purchase options (Note 6) 2,226 2,803 Contributed surplus (Note 6) 875 - Retained earnings 11,259 25,476 Accumulated other comprehensive income (loss) (Note 7) (559) (259) ------------------------------------------------------------------------- 64,470 88,932 ------------------------------------------------------------------------- ------------------------------------------------------------------------- 84,392 107,372 ------------------------------------------------------------------------- ------------------------------------------------------------------------- MEDIAGRIF INTERACTIVE TECHNOLOGIES INC. CONSOLIDATED STATEMENTS OF RETAINED EARNINGS - UNAUDITED FOR THE NINE MONTHS ENDED DECEMBER 31, ------------------------------------------------------------------------- ------------------------------------------------------------------------- (Canadian dollars in Thousands) 2007 2006 ------------------------------------------------------------------------- ------------------------------------------------------------------------- $ $ Retained earnings - Beginning of period 25,476 23,245 Net earnings for the period 2,269 4,981 Premium on purchase of common shares for cancellation (note 6) (16,486) (2,551) ------------------------------------------------------------------------- Retained earnings - End of period 11,259 25,675 ------------------------------------------------------------------------- ------------------------------------------------------------------------- MEDIAGRIF INTERACTIVE TECHNOLOGIES INC. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - UNAUDITED ------------------------------------------------------------------------- ------------------------------------------------------------------------- (Canadian dollars in Three months ended Nine months ended Thousands) December 31, December 31, 2007 2006 2007 2006 ------------------------------------------------------------------------- ------------------------------------------------------------------------- $ $ $ $ Net earnings for the period 590 1,625 2,269 4,981 Other comprehensive income (loss) Change in foreign currency translation of self-sustaining foreign subsidiaries (48) 211 (699) (56) Change in fair value of foreign exchange forward contracts designated as cash flow hedges, net of related income taxes (249) - 644 - Change in fair value of short-term investments, net of related income taxes - - (89) - ------------------------------------------------------------------------- Other comprehensive income (loss) (297) 211 (144) (56) ------------------------------------------------- ----------------------- Comprehensive income (loss) 293 1,836 2,125 4,925 ------------------------------------------------------------------------- ------------------------------------------------------------------------- MEDIAGRIF INTERACTIVE TECHNOLOGIES INC. CONSOLIDATED STATEMENTS OF ACCUMULATED OTHER COMPREHENSIVE INCOME - UNAUDITED FOR THE NINE MONTHS ENDED DECEMBER 31, ------------------------------------------------------------------------- ------------------------------------------------------------------------- (Canadian dollars in Thousands) 2007 2006 ------------------------------------------------------------------------- ------------------------------------------------------------------------- $ $ Balance - Beginning of period (259) (165) Cumulative impact of accounting changes (Note 1) (155) - Other comprehensive income (loss) (145) (56) ------------------------------------------------------------------------- Accumulated Other Comprehensive Income (Note 7) (559) (221) ------------------------------------------------------------------------- ------------------------------------------------------------------------- MEDIAGRIF INTERACTIVE TECHNOLOGIES INC. CONSOLIDATED STATEMENTS OF EARNINGS - UNAUDITED ------------------------------------------------------------------------- ------------------------------------------------------------------------- (Canadian dollars in Three months ended Nine months ended Thousands, except per December 31, December 31, share amounts) 2007 2006 2007 2006 ------------------------------------------------------------------------- ------------------------------------------------------------------------- $ $ $ $ Revenues 12,242 11,859 35,615 34,843 Cost of Revenues 2,686 2,174 7,281 6,455 ------------------------------------------------------------------------- Gross Margin 9,556 9,685 28,334 28,388 ------------------------------------------------------------------------- Operating expenses General and Administrative 3,146 2,885 9,102 7,906 Sales and Marketing 2,931 2,315 7,926 6,335 Technology 2,097 2,026 6,504 5,824 Amortization of acquired intangible assets 554 317 1,240 947 Stock-based compensation 199 128 448 527 ------------------------------------------------------------------------- 8,927 7,671 25,220 21,539 ------------------------------------------------------------------------- Earnings from operations 629 2,014 3,114 6,849 Other income, net (note 3 b)) 218 679 1,062 1,525 ------------------------------------------------------------------------- Earnings before income taxes 847 2,693 4,176 8,374 Provision for income taxes 257 1,068 1,907 3,393 ------------------------------------------------------------------------- Net earnings for the period 590 1,625 2,269 4,981 ------------------------------------------------------------------------- ------------------------------------------------------------------------- Earnings per share Basic 0.04 0.09 0.14 0.28 ------------ ----------- ----------- ----------- ------------ ----------- ----------- ----------- Diluted 0.04 0.09 0.14 0.28 ------------ ----------- ----------- ----------- ------------ ----------- ----------- ----------- Weighted average number of shares outstanding (note 6 c)) Basic 14,817,161 17,492,484 16,724,383 17,558,310 ------------ ----------- ----------- ----------- ------------ ----------- ----------- ----------- Diluted 14,845,063 17,796,922 16,800,379 17,880,996 ------------ ----------- ----------- ----------- ------------ ----------- ----------- ----------- Number of shares outstanding - End of period (note 6 b)) Basic 14,719,241 17,533,266 14,719,241 17,533,266 ------------ ----------- ----------- ----------- ------------ ----------- ----------- ----------- MEDIAGRIF INTERACTIVE TECHNOLOGIES INC. CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED ------------------------------------------------------------------------- ------------------------------------------------------------------------- (Canadian dollars in Three months ended Nine months ended Thousands) December 31, December 31, 2007 2006 2007 2006 ------------------------------------------------------------------------- ------------------------------------------------------------------------- $ $ $ $ CASH FLOWS FROM OPERATING ACTIVITIES Net earnings for the period 590 1,625 2,269 4,981 Adjustments for Amortization of premises and equipment 421 355 1,220 1,056 Amortization of intangible assets 748 637 2,167 1,892 Amortization of acquired intangible assets 554 317 1,240 947 Amortization of gains on licenses (169) (169) (507) (507) Stock-based compensation 199 128 448 527 Future income taxes (267) 18 (574) 619 Changes in non-cash working capital items (note 3 a)) (707) 844 (5,642) (292) ------------------------------------------------------------------------- Cash flows from (used in) operating activities 1,369 3,755 621 9,223 ------------------------------------------------------------------------- INVESTING ACTIVITIES Business acquisition (note 4) (53) (11) (6,414) (2,468) Acquisition of premises and equipment and intangible assets (1,279) (839) (3,192) (2,510) Short-term investments, net 130 2,234 53,099 36,354 Long-term receivable - - - 290 ------------------------------------------------------------------------- Cash flows from (used in) investing activities (1,202) 1,384 43,493 31,666 ------------------------------------------------------------------------- FINANCING ACTIVITIES Purchase of common shares for cancellation (note 6 b)) (1,434) - (27,342) (3,942) Issuance of common shares (note 6 b)) 124 205 463 768 Repayment of purchase price payable (477) (297) (739) (556) ------------------------------------------------------------------------- Cash flows from (used in) financing activities (1,787) (92) (27,618) (3,730) ------------------------------------------------------------------------- Net increase (decrease) in cash and cash equivalents (1,620) 5,047 16,496 37,159 ------------------------------------------------------------------------- Effect of exchange rate changes on cash and cash equivalents (448) 210 (1,099) (56) Cash and cash equivalents - Beginning of period 28,686 56,391 11,221 24,545 ------------------------------------------------------------------------- Cash and cash equivalents - End of period 26,618 61,648 26,618 61,648 ------------------------------------------------------------------------- ------------------------------------------------------------------------- NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS - UNAUDITED December 31, 2007 and 2006 1) Accounting Policies

The consolidated interim financial statements have been prepared by the Company in accordance with Canadian generally accepted accounting principles ("GAAP") applicable to interim financial statements and follow the same accounting policies and methods of their application found in the audited financial statements for the year ended March 31, 2007, with the exceptions for changes mentioned below. The March 31, 2007 balance sheet figures have been derived from the audited financial statements of the Company for the year ended March 31, 2007. These interim financial statements are unaudited and have not been reviewed by the Company's external auditors. The disclosures in these unaudited interim financial statements do not conform in all material respects to the requirements of GAAP for annual financial statements; therefore, these interim financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company's Annual Report for fiscal year 2007.

Changes to accounting policies a) Financial Instruments

On April 1, 2007, the Company adopted Section 3855 of the Canadian Institute of Chartered Accountants (CICA) Handbook, Financial Instruments - Recognition and Measurement. It establishes standards for recognition and measurement of financial assets, financial liabilities and non-financial derivatives. The standard specifies when and at which amount a financial instrument is to be recorded on the balance sheet. Financial instruments are to be recorded at fair value in some cases, and at cost in others. The section also provides guidance for disclosure of gains and losses on financial instruments. Upon the adoption of this section, the Company has made the following classification:

Short-term investments have been classified as available for sale and are measured at fair value. Resulting gains or losses are recorded in Accumulated Other Comprehensive Income until realization.

b) Comprehensive Income

On April 1, 2007, the Company adopted Section 1530 of the CICA Handbook, Comprehensive Income. It establishes standards for reporting and display of comprehensive income. Comprehensive income represents the change in the net assets of an entity for a period, other than changes attributable to transactions with shareholders. Comprehensive income has two components - Net Income and Other Comprehensive Income and its components should be presented in a financial statement with the same prominence as other financial statements. The comparative statements have been adjusted to reflect application of this section for changes in the balances of foreign currency translation of self-sustaining foreign operations.

On April 1, 2007, the initial adoption of this standard resulted in an increase in short-term investments of $131,085, an increase in Accounts payable of $358,329 and an accumulated other comprehensive loss of $154,640, net of related income taxes.

c) Hedges

On April 1, 2007, the Company adopted Section 3865 of the CICA Handbook, Hedges. It includes and replaces the guidance on hedging relationships that was previously contained in AcG-13, mostly those relating to the designation of hedging relationships and its documentation. The new standard specifies how to apply hedge accounting and which information has to be disclosed by the entity.

Foreign exchange forward contracts represent cash flow hedge of future anticipated sales denominated in foreign currency. Gains or losses from these derivatives financial instruments are recorded in Accumulated Other Comprehensive Income net of related income taxes and are reclassified to earnings as adjustments to sales in the same period as the respective hedged item affects earnings.

2) Related party transactions

Details of related party transactions not otherwise disclosed in the financial statements are as follows:

(Canadian dollars in Thousands) ------------------------------------------------------------------------- ------------------------------------------------------------------------- Three months ended Nine months ended December 31, December 31, 2007 2006 2007 2006 ------------------------------------------------------------------------- ------------------------------------------------------------------------- $ $ $ $ Revenues Joint ventures 366 337 1,096 1,057 Accounts receivable Joint ventures 504 171 504 171 Accounts payable Joint ventures 36 - 36 -

Balances and transactions with the joint ventures represent the amounts corresponding to the joint venturers' interest therein. All related party transactions occurred in the normal course of operations and were measured at the exchange amount, which is the amount of consideration agreed upon by the parties.

Revenues with joint ventures include amortization of gains on licenses which derive from the creation of Polygon DMCC.

3) Changes in non-cash working capital items and Other income a) Changes in non-cash working capital items are as follows: (Canadian dollars in Thousands) ------------------------------------------------------------------------- ------------------------------------------------------------------------- Three months ended Nine months ended December 31, December 31, 2007 2006 2007 2006 ------------------------------------------------------------------------- ------------------------------------------------------------------------- $ $ $ $ Decrease (Increase) in Accounts receivable 918 19 657 642 Tax credits receivable (382) 1,320 (1,050) 537 Prepaid expenses 59 26 139 60 Increase (Decrease) in Accounts payable and accrued liabilities (238) (219) (3,428) (2,153) Income taxes (241) 446 (382) 1,155 Deferred revenues (823) (748) (1,578) (533) ------------------------------------------------------------------------- (707) 844 (5,642) (292) ------------------------------------------------------------------------- ------------------------------------------------------------------------- b) Other income consists of the following: (Canadian dollars in Thousands) ------------------------------------------------------------------------- ------------------------------------------------------------------------- Three months ended Nine months ended December 31, December 31, 2007 2006 2007 2006 ------------------------------------------------------------------------- ------------------------------------------------------------------------- $ $ $ $ Interest income 219 669 1,618 1,834 Interest expense (129) (103) (298) (308) Foreign exchange gain (loss) 52 71 (204) 87 Other 76 42 (54) (88) ------------------------------------------------------------------------- 218 679 1,062 1,525 ------------------------------------------------------------------------- ------------------------------------------------------------------------- 4) Business Acquisition

a) On April 17, 2007, the Company purchased the customer base of Telephone International ("TI"), an advertising and listing publication focused on the telecom industry for a cash consideration of US$ 165,480 ($186,893).

b) On July 11, 2007, the Company purchased Market Velocity Inc. ("MVI"), a leading service and technology provider for equipment trade-in, recycle, and donation programs in the US for a cash consideration of $5,650,000 (US$ 5,352,000).

c) On September 10, 2007, the Company purchased epipeline Inc. ("EPI"), a leading online source of research for U.S. government contractors for a cash consideration of $4,132,000 ($US3,926,000), including the repurchase of long-term notes of $2,030,000, which have been reimbursed at the moment of the acquisition.

The fiscal 2008 allocation of the purchase price to the identifiable assets acquired and liabilities assumed is detailed as follows:

(Canadian dollars in Thousands) MVI EPI Total ------------------------------------------------------------------------- Current assets 4,149 351 4,500 Premises and equipment 227 6 233 Future tax assets 1,140 - 1,140 Identifiable acquired intangible assets Customer base 2,154 579 2,733 Other items 718 1,263 1,981 ------------------------------------------------------------------------- 8,388 2,199 10,587 ------------------------------------------------------------------------- ------------------------------------------------------------------------- Current liabilities 4,154 3,209 7,363 Future tax liabilities 839 538 1,377 ------------------------------------------------------------------------- 4,993 3,747 8,740 Net identifiable assets acquired 3,395 (1,548) 1,847 Goodwill 2,255 3,650 5,905 ------------------------------------------------------------------------- Purchase price, net of long-term notes repurchased 5,650 2,102 7,752 Less: cash and cash equivalents acquired 1,021 27 1,048 Less: Balance of purchase price payable 11 466 477 ------------------------------------------------------------------------- Net cash paid 4,618 1,609 6,227 ------------------------------------------------------------------------- -------------------------------------------------------------------------

With respect to above allocations, the company is currently in the process of finalizing the amounts to be allocated to intangible assets. Accordingly, the above allocations are preliminary, the completion of which in the near future is expected to result in changes to the amounts allocated to the intangible assets and goodwill. Moreover, adjustments have been made in the current quarter for an addition of $53,000 of expenses related to business acquisition.

5) Segmented Information Geographical information The geographical information is as follows: For the three months ended Decemebr 31, 2007 2006 ------------------------------------------------------------------------- Premises and Premises and (Canadian dollars in equipment, equipment, Thousands) intangible intangible assets and assets and Revenues goodwill Revenues goodwill $ $ $ $ ------------------------------------------------------------------------- Canada 4,017 8,817 4,030 8,118 United States 5,556 35,457 4,687 26,662 Europe 751 - 906 - Asia and other 1,918 107 2,236 49 ------------------------------------------------ 12,242 44,381 11,859 34,829 ------------------------------------------------------------------------- ------------------------------------------------------------------------- For the nine months ended December 31, 2007 2006 ------------------------------------------------------------------------- Premises and Premises and equipment, equipment, intangible intangible assets and assets and Revenues goodwill Revenues goodwill $ $ $ $ ------------------------------------------------------------------------- Canada 11,683 8,817 11,991 8,118 United States 15,773 35,457 13,807 26,662 Europe 2,234 - 2,812 - Asia and other 5,925 107 6,233 49 ------------------------------------------------ 35,615 44,381 34,843 34,829 ------------------------------------------------------------------------- -------------------------------------------------------------------------

Revenues are attributed to geographic areas based on the location of the business places of the customers.

6) Capital Stock (Number in Thousands, Canadian dollars in Thousands, except per share amounts) a) Authorized, unlimited as to number Common shares Preferred shares, non-voting, retractable and redeemable

b) The following table summarizes the common shares activity for the periods ended December 31:

------------------------------------------------ ------------------------------------------------ Nine months ended December 31, 2007 2006 Number Amounts Number Amounts $ $ ------------------------------------------------ ------------------------------------------------ Balance before share purchase financing agreements - Beginning of period 17,802 61,036 18,021 61,069 Purchased for cancellation (i) & (ii) (3,163) (10,857) (416) (1,392) Exercise of stock options (iii) 80 490 154 873 ------------------------------------------------ Balance before share purchase financing agreements 14,719 50,669 17,759 60,550 Share purchase financing agreements (iv) - - (226) (477) ------------------------------------------------ Balance - End of period 14,719 50,669 17,533 60,073 ------------------------------------------------ ------------------------------------------------ i) During the nine-month period ending December 31, 2007, the Company purchased 289,541 (2007 - 415,600) of its own shares for cancellation for a cash consideration totaling $2,078,923 (2007 - 3,942,147). Capital stock has been reduced by the average issue price per share before the buy-back of $3.43 (2007 - $3,35) totaling $993,609 (2007 - 1,391,504) and the remaining amounts have been recorded against the retained earnings. ii) On September 25, 2007, as part of a substantial issuer bid, the Company purchased 2,873,563 of its own common shares for cancellation, at a price of $8,70 per share totaling $25M. The Company incurred $263,074 of costs in respect of this share buy- back, which represents $0.09 per share. Share capital has been reduced by the average cost per share before the buy-back of $3.43 per share totaling $9,862,509 and the remaining amounts as well as costs related to the share buy-back have been recorded against the retained earnings. iii) During the nine-month period ended December 31, 2007, 80,250 (2007 - 154,200) stock options were exercised to purchase 80,250 (2007 - 154,200) common shares for a cash consideration of $339,275 (2007 - $748,472) or $4.23 per share (2007 - $4.85). The balance of $150,268 (2007 - $123,737) credited to capital stock represents the stock-based compensation recorded for these options. iv) As at December 31, 2007, the Company had no receivable from its employees (2007 - $476,835) related to share purchase loans to them under this plan. At the end of the period, there was no share outstanding in respect to employee loans as compared to 225,929 in 2007, for which the market value was $2,089,843. The related shares are considered to be issued as the loan is repaid by the holder and the decrease in the loans has therefore been presented as an issuance of shares in the consolidated statement of cash flows, of $123,676 for the nine months ended December 31, 2007 (2007 - $19,974), in addition to the exercise price of stock options.

c) The following table summarizes the share purchase option activity for the periods ended December 31 :

------------------------ ------------------------ 2007 2006 ------------------------ ------------------------ $ $ Balance - Beginning of year 2,803 2,521 Compensation expense related to stock options 448 527 Transfer of accumulated compensation cost upon exercise of stock options (150) (124) Transfer of accumulated compensation cost upon forfeiture of stock options (875) - ------------------------ Balance - End of year 2,226 2,924 ------------------------ ------------------------ Stock-based compensation plan

The Company has a stock option plan as described in note 9 to the consolidated financial statement in the 2007 Annual Report.

During the nine-month period ended December 31, 2007, the Company granted 499,500 stock options to certain directors and employees at a weighted average exercise price of $9.45. The estimated fair value of the stock options issued under this grant amounts to $1,634,903, and will be expensed over their vesting period which do not exceed three years.

For stock options granted to employees and directors, the fair value of share purchase options was estimated using the Black-Scholes option pricing model with the following assumptions:

Fiscal 2008 Fiscal 2007 ------------------------------------------------ Risk-free interest rate 4.2% to 4.7% 3.9% to 4.2% Expected life of options 3.0 to 5.0 years 3.0 to 5.0 years Volatility 33.8% to 33.9% 37.3% to 37.9% Dividend rate 0% 0% Weighted average fair value of options granted per unit $3.27 $3.31 d) Weighted average number of shares outstanding

The following table outlines the weighted average number of shares used in the calculations of the basic and diluted net earnings per share:

------------------------------------------------ ------------------------------------------------ Three months ended Nine months ended December 31, December 31, 2007 2006 2007 2006 ------------------------------------------------ ------------------------------------------------ Basic weighted average number of shares outstanding 14,817 17,492 16,724 17,558 Dilutive effect of stock options 17 134 43 150 Dilutive effect of share purchase financing agreements 11 171 33 173 ------------------------------------------------ Diluted weighted average number of shares outstanding 14,845 17,797 16,800 17,881 ------------------------------------------------ ------------------------------------------------

Options to purchase 1,018,200 shares (2007 - 796,000) at a weighted average price of $9.88 per share (2007 - $10.36) were outstanding during the nine-month period ending December 31, 2007, but were not included in the calculation of diluted earnings per share because the options' exercise price was greater than the average price of the shares.

7) Accumulated Other Comprehensive Income (loss) Details of Accumulated Other Comprehensive Income are as follows: ------------------------------------------------------------------------- ------------------------------------------------------------------------- Nine months ended December 31, (Canadian dollars in Thousands) 2007 2006 ------------------------------------------------------------------------- ------------------------------------------------------------------------- $ $ Change in foreign currency translation of self-sustaining foreign subsidiaries (959) (221) Change in fair value of foreign exchange forward contracts designated as cash flow hedges, net of related income taxes 400 - ------------------------------------------------------------------------- (559) (221) ------------------------------------------------------------------------- ------------------------------------------------------------------------- 8) Comparative figures

Certain figures for fiscal 2007 have been reclassified in order to comply with the basis of presentation adopted in the current year.

MEDIAGRIF INTERACTIVE TECHNOLOGIES INC.

CONTACT: Mediagrif Interactive Technologies Inc.: Catherine Allard, Chief
Financial Officer, (450) 677-8797 ext. 2133, callard@mediagrif.com; Kathy
Roberge, Director, Communications, (450) 677-8797 ext. 3014,
kroberge@mediagrif.com

Vista Paint to Upgrade Service Contract With AT&T

FULLERTON, Calif., Feb. 12 /PRNewswire-FirstCall/ -- AT&T Inc. today announced a new contract with Vista Paint to upgrade its current services to an AT&T Virtual Private Network (VPN) solution. With 46 retail locations throughout California and Nevada, Vista Paint, a Fullerton-based company, is a leading manufacturer of fine architectural coatings for residential, industrial and commercial uses.

Under terms of the two-year agreement, Vista Paint will upgrade its current Internet Protocol (IP)-enabled Frame Relay services to a new AT&T VPN solution, which will provide continuity performance and the ability to maintain the prioritization of data traffic across the network. The AT&T solution will connect Vista Paint's retail locations across a wide area network (WAN) and enable the company to deploy voice, video and point-of-sale (POS) applications in an effort to control inventory loss and enhance communications among headquarters and the retail stores.

The enhanced bandwidth capacity of the VPN service provided by AT&T will enable Vista Paint to deploy its video surveillance system, enhance its current Voice over IP (VoIP) application and provide the prioritization for its newly deployed POS system. The upgraded solution also will provide the reliable performance the company desires.

"Our old network services were not meeting our growing needs for bandwidth, so we turned to AT&T for an upgrade capable of connecting our 46 retail locations under a single solution, with enhanced security and reliability," said Donald Notman, chief information officer with Vista Paint. "This upgrade not only meets our immediate needs but also provides us with the scalability and flexibility needed to implement additional applications throughout the next two years."

The VPN solution uses AT&T's Multiprotocol Label Switching (MPLS) network and provides business customers with a highly secure solution that can expand as their communications needs grow -- from customer service to order processing -- to ensure that all critical business functions can coexist. The MPLS network also provides high levels of availability for network reliability and provides the scalability to implement new technological applications in the future.

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

About Vista Paint

Vista Paint is recognized as a premier manufacturer of architectural coatings for residential, commercial, and industrial use. Vista Paint Corporation is one of the largest independently owned paint companies in the United States. In addition, Vista is the leading center for paint spray equipment sales, rentals, and repairs. Vista is also a major retailer of window and wall coverings. Vista Paint has retail locations throughout California and Las Vegas and is positioned for continued growth. For more information, visit http://www.vistapaint.com/.

About AT&T

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

(C) 2008 AT&T Intellectual Property. All rights reserved. AT&T, the AT&T logo and all other marks contained herein are trademarks of AT&T Intellectual Property and/or AT&T affiliated companies. For more information, please review this announcement in the AT&T newsroom at http://www.att.com/newsroom.

AT&T Inc.

CONTACT: Gina Pernetti of AT&T, +1-916-847-8542, gp7182@att.com

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

Verizon Wireless Unveils Newest Communications Store Design in Torrington, ConnecticutCustomers get hands-on experience with the latest voice, data, music and video devices

TORRINGTON, Conn., Feb. 12 /PRNewswire/ -- Verizon Wireless breaks new ground in wireless retail with the recent opening of its second location in Torrington, Connecticut. The first of its kind in the state, the new store design offers consumers hands-on experience with wireless voice, data, and music and video services.

Located inside Circuit City at 1880 E. Main Street, this store-within-a- store is open Monday through Thursday 10:00 a.m. to 9:00 p.m; Friday and Saturday 10:00 a.m. to 10:00 p.m; and Sunday from 10 a.m. to 8 p.m. The store can be reached at (860) 482-3616.

"This expansion reinforces our commitment to provide customers with increased convenience and an accessible, knowledgeable sales staff," commented Verizon Wireless store manager Jason Harris. "Demand for our wireless products continues to grow as customers leverage the value of our service plans with options for unlimited text, picture, video and instant messaging to anyone on any network in the United States."

Harris oversees a staff of five employees. The store features the full range of Verizon Wireless products and is staffed for customer service, allowing customers to speak with the company's highly trained representatives about their wireless needs.

Since 2000 Verizon Wireless has invested more than $2 billion throughout New England to enhance wireless capacity and coverage. Nationally the company has invested nearly $44 billion since it was formed -- $5.5 billion on average every year -- to increase the coverage and capacity of its national network and to add new services.

About Verizon Wireless

Verizon Wireless operates the nation's most reliable wireless voice and data network, serving 65.7 million customers. Headquartered in Basking Ridge, N.J., with 69,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications and Vodafone (NYSE and LSE: VOD). For more information, go to: http://www.verizonwireless.com/. To preview and request broadcast- quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at http://www.verizonwireless.com/multimedia.

Verizon Wireless

CONTACT: Michael Murphy of Verizon Wireless, +1-781-932-1213; or Marcia
Simon, +1-860-399-0191, for Verizon Wireless

Web site: http://www.verizonwireless.com/
http://www.verizonwireless.com/multimedia

US Dataworks, Inc. Announces Conference Call for Fiscal Third Quarter Financial Results

HOUSTON, Feb. 12 /PRNewswire-FirstCall/ -- US Dataworks, Inc. , a leading developer of payment processing solutions, announced today it will report its fiscal third quarter financial results ended December 31, 2007 on Thursday, February 14, 2008, before the financial markets open. The announcement will be followed by a conference call at 10:30 AM EST with the investment community, featuring Charles E. Ramey, Chairman and Chief Executive Officer of US Dataworks, Inc.

Interested parties may participate in the call by dialing (877) 869-3847; international callers dial (201) 689-8261 about 5-10 minutes prior to 10:30 AM EST. The conference call will also be available on replay starting at 12:30 pm EST on February 14, 2008, and ending on March 14, 2008. For the replay, please dial (877) 660-6853 (replay account # 269, replay conference # 274621). The access number for the replay for international callers is (201) 612-7415 (replay account # 269, replay conference # 274621).

About US Dataworks, Inc.

US Dataworks is a developer of payment processing solutions, focused on the Financial Services market, Federal, State and local governments, billers and retailers. Software developed by US Dataworks is designed to enable organizations to transition from traditional paper-based payment and billing processes to electronic solutions that automate end-to-end processes for accepting and clearing checks. Additional information about US Dataworks is available at http://www.usdataworks.com/.

CONTACTS: John Figone, SVP, Business Development US Dataworks, Inc. Tel. (713) 934-3855 Fax (713) 934-8127 Donald C. Weinberger/Alisa Steinberg (media) Wolfe Axelrod Weinberger Assoc. LLC Tel. (212) 370-4500 Fax (212) 370-4505

US Dataworks, Inc.

CONTACT: John Figone, SVP, Business Development of US Dataworks, Inc.,
+1-713-934-3855, Fax, +1-713-934-8127; or, Donald C. Weinberger or Alisa
Steinberg (media), both of Wolfe Axelrod Weinberger Assoc. LLC,
+1-212-370-4500, Fax, +1-212-370-4505, for US Dataworks, Inc.

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

Cablevision Significantly Expands Availability of Free Video On Demand With New Titles From Discovery NetworksHundreds Of New Titles Added From Leading Discovery Networks Including Discovery Channel, TLC, Animal Planet, and Discovery Kids, All Available To iO TV (SM) Customers At No Additional Charge

BETHPAGE, N.Y., Feb. 12 /PRNewswire-FirstCall/ -- Cablevision Systems Corp. today announced a significant expansion of free video on demand (VOD) content available to its iO TV digital cable customers, with the addition of new programming categories from Discovery. New titles include popular shows like Discovery Channel's Man vs. Wild and MythBusters, TLC's Trading Spaces and LA Ink, Animal Planet's Orangutan Island and Planet's Funniest Animals, Discovery Kids' Hi-5 and much more.

Discovery on Demand content includes hundreds of top programs and more from Discovery Channel, TLC, Animal Planet, Discovery Kids, The Military Channel, The Travel Channel, Science Channel and Investigation Discovery (ID.), formerly known as Discovery Times.

"This is a significant expansion of the free VOD that is available to our iO TV customers, from leading cable channels that have broad appeal and a proven history of delivering quality and highly compelling programming," said John Trierweiler, Cablevision's senior vice president of product management. "We continue to enhance the value of our service through the addition of quality, branded VOD content that offers viewers more choices and greater control over their home entertainment experience."

In addition to popular programs from each network, Discovery On Demand viewers can enjoy sneak peeks of key episodes and view behind the scenes, outtakes and special features of their favorite shows as well as "VODisodes" featuring original content beyond the show.

Programming from each Discovery network is accessible at no additional charge to digital cable customers with a digital set top box through the Free On Demand menu available through the iO TV user interface. On Demand programs include full DVD-like functionality including the ability to pause, fast- forward and rewind programs through the remote control.

With nearly 2.6 million iO TV customers, approximately 83 percent of Cablevision's cable customers are iO TV digital cable customers, the highest digital penetration in the nation. iO TV offers customers access to 360 channels, including 53 premium movie channels, 48 channels of commercial-free digital music, more than 2,000 titles available on demand at all times, an interactive programming guide, 45 high-definition programming services and groundbreaking interactive television applications including News 12 Interactive.

About Cablevision

Cablevision Systems Corporation is one of the nation's leading entertainment and telecommunications companies. Its cable television operations serve more than 3 million households in the New York metropolitan area. The company's advanced telecommunications offerings include its iO: Interactive Optimum(R) digital television, Optimum Online(R) high-speed Internet, Optimum Voice(R) digital voice-over-cable, and its Optimum Lightpath integrated business communications services. Cablevision's Rainbow Media Holdings LLC operates several successful programming businesses, including AMC, IFC, WE tv and other national and regional networks. In addition to its telecommunications and programming businesses, Cablevision owns Madison Square Garden and its sports teams, the New York Knicks, Rangers and Liberty. The company also operates New York's famed Radio City Music Hall, and owns and operates Clearview Cinemas.

Cablevision

CONTACT: Patrick MacElroy of Cablevision, +1-516-803-1249,
pmacelro@cablevision.com

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

Autodesk Enhances Geospatial Software Solutions for Utilities, Telecommunications and GovernmentLatest Applications Deliver Fully Integrated Platform for Managing Spatial Data, Design Assets

SAN FRANCISCO, Feb. 12 /PRNewswire-FirstCall/ -- At its World Press Days event, Autodesk, Inc. today announced the latest versions of its geospatial software solutions, which provide users in utility and telecommunications organizations and government agencies with a powerful, affordable and flexible geospatial platform. Enhancements in AutoCAD Map 3D 2009, Autodesk MapGuide Enterprise 2009 and AutoCAD Raster Design 2009 software applications build on the solutions' fundamental properties of open data access and interoperability with other design, GIS and IT systems. In addition, the new products offer an enhanced, intuitive user environment and new tools to help organizations quickly capitalize on their staff's expertise with AutoCAD software and with existing spatial data.

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"Global infrastructure is falling farther behind the needs of emerging and developed nations, and the organizations and agencies that must address the issue are grappling with a shortage of experienced workers," said Lisa Campbell, vice president, Autodesk Geospatial. "Autodesk geospatial solutions combine design and geospatial information without requiring difficult customization, so that users can make fast, insightful decisions and improve engineering standards -- and ultimately, accelerate project completion."

With its 2009 geospatial solutions, Autodesk is expanding on two key principles that address customers' needs: an open, flexible and interoperable geospatial platform, and tools that are easy to learn and use. The latest enhancements build on an open architecture that preserves data integrity and helps ensure that vital design and spatial asset information moves in and out of systems easily. The software applications and their open application programming interfaces serve as the basis for solutions purpose-built for utility companies by Autodesk and third-party software developers.

Geospatial Platform Is Even Easier to Use

As part of its commitment to interoperability and flexibility, Autodesk has continued to take steps to help customers make the most of their hardware and software investments. AutoCAD Map 3D 2009 software reflects that effort: The software has been validated with Citrix Presentation Server software through the Citrix Ready program, offering customers more deployment options. Customers can take advantage of AutoCAD Map 3D software and the Citrix application delivery environment's support for consolidated delivery and single-point management, in pursuit of efficient, cost-effective design and spatial data solutions.

Other significant new functionality in AutoCAD Map 3D 2009 enhances the user environment and builds on Feature Data Object or FDO technology, a central component of the Autodesk geospatial platform that allows customers to work with the data format they prefer and helps ensure consistent access to data regardless of source or location.

-- Automatic installation of AutoCAD 2009 software -- Installation of AutoCAD Map 3D 2009 software automatically installs AutoCAD 2009 software, so customers can take advantage of proven, reliable, industry-leading software (see related press release, "Autodesk Introduces Productivity Boosts to AutoCAD Software," Feb. 12, 2008). -- Powerful user interface enhancements -- The new Expression Builder provides a consolidated user interface for all functions, including query and math functions from FDO data sources. -- Faster data creation and editing -- Key editing and attribute creation tasks have been simplified and improved with the addition of standard AutoCAD commands for geospatial data accessed through FDO technology. New split and merge rules enable easy editing of polygon objects. -- Cleaner, more informative maps and plans -- Labeling and annotation updates enhance designs, maps and plans that use data accessed through FDO technology. Tools Extend Value of Scanned Data

AutoCAD Raster Design 2009 software plays a part in more efficient spatially enabled design, as well. The application extends the power of AutoCAD software and AutoCAD-based applications to make the most of scanned drawings, maps, aerial photos, satellite imagery and digital elevation models. AutoCAD Raster Design 2009 works with Autodesk geospatial solutions and other AutoCAD 2009 software-based applications, and includes a new ribbon-style interface for quicker, visual access to commands that helps improve user productivity.

Web Mapping Platform Features Innovation from Open Source Community

Autodesk MapGuide Enterprise software provides a powerful mapping platform for delivering geospatial information quickly, easily and cost-effectively via the Web. Based on MapGuide Open Source, Autodesk MapGuide Enterprise couples the innovation of a broad community of developers with quality assurance and support characteristic of a proprietary application.

The latest release incorporates Flexible Web Layouts, based on the recent contribution of Fusion technology to the MapGuide Open Source community by DM Solutions Group. Flexible Web Layout technology helps speed development of Web mapping applications created with Autodesk MapGuide Enterprise 2009 and with MapGuide Open Source 2.0 (recently released at http://www.osgeo.org/mapguide). With Flexible Web Layouts, Web designers and software developers do not need specific geospatial application development expertise to create Web mapping applications.

Autodesk MapGuide Studio 2009 software, the authoring environment within Autodesk MapGuide Enterprise software, also supports Flexible Web Layouts and makes it easy for developers to switch between a set of design templates and click-and-drag application functionality options.

Support for Efficient, Cost-Effective Engineering Services

"We are a long-time user of Autodesk geospatial software, and Autodesk solutions help us improve our business processes by leveraging engineering design information to better manage our assets," said Greg Braswell, water/wastewater information manager of the San Francisco Department of Public Works. "Autodesk products allow us to integrate our asset management and GIS with our engineering, design and construction teams; improve our workflow and data accuracy while saving money; and get the right information to the right people at the right time."

Availability

AutoCAD Map 3D 2009, the Autodesk MapGuide 2009 family of products and AutoCAD Raster Design software are scheduled to be available in the spring. Product availability will vary by country. Details and purchasing options will be accessible starting March 25, 2008, at http://www.autodesk.com/purchaseoptions. Information and selected content from Autodesk World Press Days may be found at http://www.worldpressdays08.com/.

About Autodesk

Autodesk, Inc. is the world leader in 2D and 3D design software for the manufacturing, building and construction, and media and entertainment markets. Since its introduction of AutoCAD software in 1982, Autodesk has developed the broadest portfolio of state-of-the-art digital prototyping solutions to help customers experience their ideas before they are real. Fortune 1000 companies rely on Autodesk for the tools to visualize, simulate and analyze real-world performance early in the design process to save time and money, enhance quality and foster innovation. For additional information about Autodesk, visit http://www.autodesk.com/.

Autodesk, AutoCAD and Autodesk MapGuide are registered trademarks or trademarks of Autodesk, Inc., in the USA and/or other countries. All other brand names, product names, or trademarks belong to their respective holders. Autodesk reserves the right to alter product offerings and specifications at any time without notice, and is not responsible for typographical or graphical errors that may appear in this document.

(Logo: http://www.newscom.com/cgi-bin/prnh/20050415/SFF034LOGO) Contact: Brett Smith, 415-547-2405 Toni Cole, 202-270-6160 Email: brett.smith@autodesk.com toni.cole@edelman.com

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

CONTACT: Brett Smith, +1-415-547-2405, brett.smith@autodesk.com; or Toni
Cole, +1-202-270-6160, toni.cole@edelman.com

Web site: http://www.autodesk.com/
http://www.worldpressdays08.com/

Autodesk Puts the Cost Saving and Time-to-Market Benefits of Digital Prototyping within Reach of Mainstream Manufacturers2009 Product Lineup Features Powerful Productivity Gains - Enabling Greater Innovation, Larger Designs and Improved Interoperability

SAN FRANCISCO, Feb. 12 /PRNewswire-FirstCall/ -- Today Autodesk unveiled the latest versions of its industry-leading design software for manufacturing, enhancing the ability of manufacturers to implement the process of Digital Prototyping -- giving them the ability to virtually design a complete product and simulate how it will work under real world conditions before it is built. With updates to Autodesk Inventor, AutoCAD Mechanical, AutoCAD Electrical, Autodesk AliasStudio, Autodesk Showcase and Autodesk Productstream software products unveiled at the company's annual World Press Days event, users can further exploit Digital Prototyping by connecting the industrial design, engineering and manufacturing teams through the use of a single digital model. Digital Prototyping reduces a manufacturer's reliance on physical prototypes, which in turn helps reduce cost and speeds time to market in highly competitive industries.

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"Autodesk is changing the way companies think about their design processes, with workflows more efficient and effective than ever before," said Robert "Buzz" Kross, senior vice president of Autodesk Manufacturing Solutions. "With the release of our 2009 product line, we're helping manufacturers address their business-critical issues such as innovation, support for larger designs, and working with other people's data. By putting powerful Digital Prototyping technology within the reach of mainstream manufacturers, they can experience the future results of their work with analysis, simulation tools and detailed visualization."

Digital Prototyping Improves Manufacturers Competitive Strengths

International Data Corporation (IDC) analyst Gisela Wilson, Director of IDC's Product, Project and Portfolio Management Solutions Program recently issued a report on the competitive advantage that Digital Prototyping provides in today's manufacturing area. "Manufacturers are embracing Digital Prototyping as a way to stay ahead of market trends, such as the growing demand for superior styling of consumer goods and the need for accelerated time-to-market." Wilson said, "Additionally, designers can try a larger number of design choices because designs can be executed much more rapidly than with physical prototypes."

The report emphasized Autodesk's strong competitive position within the Digital Prototyping marketplace, due to its comprehensive and ever-evolving product portfolio. "Autodesk is poised to become the clear leader in Digital Prototyping -- from industrial design and high end visualization through to manufacturing -- with its broad product offering for new product design, development and data management," said Wilson.

Inventor 2009: The Foundation of Digital Prototyping

Since its initial release in 1999, manufacturers in a variety of fields -- from automotive and consumer products, to industrial equipment and machinery -- have relied on Inventor software to streamline their workflows. As the foundation of Digital Prototyping, the products in the Inventor product family produce 3D models that validate the form, fit and function of a design before it is built. The Inventor 2009 product line makes enhancements to many of the core design tools within the Inventor product line, offering significant increases in productivity. New features include:

-- Enhanced Sheet Metal Design -- Inventor 2009 simplifies the design of a large range of widely used sheet metal constructs by providing accurate digital prototypes that faithfully represent the as-manufactured part. -- Enhanced Simulation -- Numerous enhancements to the dynamic simulation environment make the tools more accessible and easier to use, allowing users to more efficiently validate their digital prototypes very early in the design process. -- Native 64 Bit Support -- Inventor 2009 ships with 32 bit and 64 bit implementations so users can take full advantage of newer 64 bit computers. Users can confidently approach even larger projects knowing that they will be able to work with very large part counts and not have to worry about the memory barrier of 32 bit systems. -- Large Assembly Capacity -- Using assembly substitutes, users have the advantages of lighter assemblies that still preserve accurate mass properties, including center of gravity, assembly constraints and bill of materials data. -- Interoperability -- Native translators support direct data exchange between Autodesk Inventor and UGS, SolidWorks or Pro/ENGINEER by importing and exporting Parasolid, importing UG-NX, importing SolidWorks, importing and exporting Granite and importing Pro/E. -- Self Draining Pipe Runs -- Inventor Routed Systems Suite 2009 allows users to define tube and pipe styles to support the design of self draining lines. Users can also auto-route self draining lines by automatically generating hygienic pipe routes with the correct runoff to eliminate horizontal segments. -- Enhanced Design Accelerators -- Inventor 2009 reduces the learning curve associated with rapidly designing, analyzing and creating commonly used machine components such as bolted connections, gears and shafts by using real-world attributes, such as speed, power and material properties. -- Frame Generator -- In Inventor 2009, users can publish their profiles to the Content Center for use in Frame Generator. A new Frame Shape Authoring tool has been developed to facilitate the publishing operations.

"Digital Prototyping has changed the way we think about our design processes and helped us create more productive workflows for the equipment we build," said Jeff Thompson, a CAD Manager and Design Drafter at Allied Systems. "The enhancements in Inventor 2009 will make it faster for us to analyze and optimize our designs before anything is built. In particular, the new Sheet Metal tools will provide instant productivity, reducing the overall time of the design and manufacturing process." Leaders in the engineering and manufacturing of specialized heavy lift and material handling equipment, Allied Systems originally served the wood products industry, but now spans multiple product lines.

Digital Prototyping Solutions for Every Stage of Design

Along with Inventor, Autodesk is releasing new versions of its Digital Prototyping (http://www.autodesk.com/digitalprototyping) applications which extend and enhance the workflows of its customers, including:

-- AutoCAD Mechanical 2009 -- AutoCAD Mechanical is the AutoCAD software for manufacturing, purpose-built to accelerate the mechanical design process with standards-based symbol libraries, engineering calculators and a mechanical-specific workflow created to significantly improve productivity for AutoCAD users in manufacturing. New features such as support for the international GOST drafting standard and instant access to a Favorites List of standard parts save countless hours of effort, allowing users to spend more time innovating and less time drafting. -- AutoCAD Electrical 2009 -- AutoCAD Electrical is the AutoCAD software for controls designers, purpose-built to design electrical controls systems quickly and accurately with automated tasks, comprehensive symbol libraries, and an electrical-specific workflow designed to dramatically increase productivity in controls engineering. The new release delivers the tools needed to develop designs faster and more accurately than ever before, including a Circuit Builder that allows users to dynamically generate circuits based upon functional requirements. -- AliasStudio 2009 -- The Autodesk AliasStudio product line provides a set of tools for the industrial design process, helping companies create superior designs in less time. It enables designers to work and capture their ideas digitally, from initial sketches to 3D concept models. From its unique integrated paint tools, to its enhanced modeling and reverse engineering capabilities, the AliasStudio products address the unique creative requirements of the entire industrial design workflow in product and transportation design. -- Showcase 2009 -- Autodesk Showcase software helps users create accurate, highly realistic representations from 3D CAD data, enabling informed decision making on digital prototypes. With updated ambient shadow features and an expanded library of realistic materials, this latest release of Showcase makes it easier than ever to present and review designs for important product decisions or presentations. Showcase gathers data from various 3D sources now including reading in data from Inventor. -- Productstream 2009 -- Autodesk Productstream securely stores and manages engineering design data and related documents. Powerful new search engine technology is incorporated into the latest release, along with a multi-site replication module which allows digital information to be shared easily between sites, thereby speeding up data search, increasing design reuse and collaboration. Availability

Product availability will vary by country. Details and purchasing options will be accessible starting March 25, 2008, at: http://www.autodesk.com/purchaseoptions. Information and selected content from Autodesk World Press Days may be found at http://www.worldpressdays08.com/. Users of any of the AutoCAD 2009 family of products will also benefit from the availability of free Autodesk Design Review 2009 (http://usa.autodesk.com/adsk/servlet/index?siteID=123112&id=4086277) software, which allows team members to participate in the digital review process with tools to view, mark up and revise designs electronically.

About Autodesk

Autodesk, Inc. is the world leader in 2D and 3D design software for the manufacturing, building and construction, and media and entertainment markets. Since its introduction of AutoCAD software in 1982, Autodesk has developed the broadest portfolio of state-of-the-art digital prototyping solutions to help customers experience their ideas before they are real. Fortune 1000 companies rely on Autodesk for the tools to visualize, simulate and analyze real-world performance early in the design process to save time and money, enhance quality and foster innovation. For additional information about Autodesk, visit http://www.autodesk.com/.

Autodesk, AutoCAD, AutoCAD Electrical, AutoCAD Mechanical, AliasStudio, Showcase, Productstream, Autodesk Inventor and Inventor are registered trademarks of Autodesk, Inc., in the USA and/or other countries. All other brand names, product names or trademarks belong to their respective holders. Autodesk reserves the right to alter product offerings and specifications at any time without notice, and is not responsible for typographical or graphical errors that may appear in this document.

IDC, "Autodesk Acquires Three Visualization Companies, Opening the Door for Broader Use of Digital Prototyping in Manufacturing" (September 2007)

*Free products are subject to the terms and conditions of the end-user license agreement that accompanies download of the software

(Logo: http://www.newscom.com/cgi-bin/prnh/20050415/SFF034LOGO ) Contact: Christine Stoner 416.874.8841 Alyson Howard 312.297.7430 Email: christine.stoner@autodesk.com alyson.howard@edelman.com

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20080212/AQTU096-a
http://www.newscom.com/cgi-bin/prnh/20080212/AQTU096-b
http://www.newscom.com/cgi-bin/prnh/20050415/SFF034LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Autodesk

CONTACT: Christine Stoner, +1-416-874-8841,
christine.stoner@autodesk.com, or Alyson Howard, +1-312-297-7430,
alyson.howard@edelman.com

Web site: http://www.autodesk.com/
http://www.worldpressdays08.com/

Onstream Media Corporation to Report Fiscal 2008 First Quarter Financial Results on February 14Management to Update Fiscal 2008 Outlook During 4:30 p.m. ET Conference Call

POMPANO BEACH, Fla., Feb. 12 /PRNewswire-FirstCall/ -- Onstream Media Corporation , an online service provider of live and on-demand internet video, today announced that its management will conduct a conference call at 4:30 p.m. ET on Thursday, February 14, 2008, to discuss its fiscal 2008 first quarter financial results for the period ended December 31, 2007. The Company anticipates releasing financial results and filing its Form 10-QSB after the close of trading on February 14.

During this conference call, Mr. Randy Selman, President and Chief Executive Officer of Onstream Media Corporation and the Company's CFO, Robert Tomlinson, will discuss the Company's financial results as well as an update for the fiscal 2008 outlook. Management discussion will be followed by an open Q&A session.

The teleconference and related webcast will occur on Thursday, February 14, 2008 at 4:30 p.m. Eastern Time. Interested parties may listen to the presentation live online at http://www.visualwebcaster.com/event.asp?id=46022 or by calling 1-866-682-6100 or 201-499-0416. It is recommended to dial in approximately 10 to 15 minutes prior to the scheduled start time. An audio rebroadcast of the conference call will be archived for one year online at http://www.visualwebcaster.com/event.asp?id=46022.

About Onstream Media:

Onstream Media Corporation is an online service provider of live and on-demand internet video, corporate web communications and content management applications. Onstream Media's pioneering Digital Media Services Platform (DMSP) provides customers with cost effective tools for encoding, managing, indexing, and publishing content via the Internet. The DMSP provides our clients with intelligent delivery and syndication of video advertising, and supports pay-per-view for online video and other rich media assets. The DMSP also provides an efficient workflow for transcoding and publishing user- generated content in combination with social networks and online video classifieds. In addition, Onstream Media provides live and on-demand webcasting, webinars, web and audio conferencing services. In fact, almost half of the Fortune 1000 companies and 78% of the Fortune 100 CEOs and CFOs have used Onstream Media's services.

Select Onstream Media customers include: AOL, AAA, AXA Equitable Life Insurance Company, Bonnier Corporation, Dell, Deutsche Bank, Disney, National Press Club, NHL, MGM, PR Newswire, Rodale, Inc., Televisa, WireOne, Shareholder.com (NASDAQ), and the U.S. Government. Onstream Media's strategic relationships include Akamai, Adobe, eBay, FiveAcross/Cisco and Qwest. For more information, visit Onstream Media at http://www.onstreammedia.com/ or call 954-917-6655.

Certain statements in this document and elsewhere by Onstream Media are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such information includes, without limitation, the business outlook, assessment of market conditions, anticipated financial and operating results, strategies, future plans, contingencies and contemplated transactions of the company. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors which may cause or contribute to actual results of company operations, or the performance or achievements of the company or industry results, to differ materially from those expressed, or implied by the forward-looking statements. In addition to any such risks, uncertainties and other factors discussed elsewhere herein, risks, uncertainties and other factors that could cause or contribute to actual results differing materially from those expressed or implied for the forward- looking statements include, but are not limited to fluctuations in demand; changes to economic growth in the U.S. economy; government policies and regulations, including, but not limited to those affecting the Internet. Onstream Media undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. Actual results, performance or achievements could differ materially from those anticipated in such forward-looking statements as a result of certain factors, including those set forth in Onstream Media Corporation's filings with the Securities and Exchange Commission.

Media Relations: Investor Relations: Beth Amorosi Brett Maas FastLane Communications Hayden Communications 973.582.3498 646-536-7331 bamorosi@fast-lane.net brett@haydenir.com

Onstream Media Corporation

CONTACT: Media, Beth Amorosi of FastLane Communications,
+1-973-582-3498, bamorosi@fast-lane.net, or Investors, Brett Maas of Hayden
Communications, +1-646-536-7331, brett@haydenir.com, both for Onstream Media
Corporation

Web site: http://www.onstreammedia.com/
http://www.visualwebcaster.com/event.asp?id=46022

Autodesk Launches 3ds Max 2009 Entertainment Software and Introduces 3ds Max Design 2009 for Design Professionals3ds Max Design Meets New Requirements for Advanced Visual Communication

SAN FRANCISCO, Feb. 12 /PRNewswire-FirstCall/ -- At its annual World Press Days event, Autodesk, Inc. today announced two new versions of its Autodesk 3ds Max modeling, animation and rendering software -- the leading asset creation tool for game development. The company launched Autodesk 3ds Max 2009 software for entertainment professionals, and debuted 3ds Max Design 2009 software, a tailored 3D application for architects, designers and visualization specialists. Both versions of the software offer new rendering capabilities, improved interoperability with industry-standard products including Revit software, as well as additional time-saving animation and mapping workflow tools. 3ds Max Design 2009 further provides lighting simulation and analysis technology.

(Photo: http://www.newscom.com/cgi-bin/prnh/20080212/AQTU080)

"Every design has a story to tell," explained Marc Petit, senior vice president, Autodesk Media & Entertainment. "Entertainment technology enables design professionals to explore ideas, validate concepts and communicate design intent. It allows them to experience their designs before they are real."

"Autodesk 3ds Max now comes in two distinct flavors to better meet the specific needs of our entertainment and visualization customers," Petit added. "3ds Max 2009 and 3ds Max Design 2009 provide users with tailored online experiences, user interface and application defaults, tutorials, samples, and more. This simplifies the learning process and makes it easier for users to find the information that's most relevant to them."

New Feature Highlights

Key features in Autodesk 3ds Max 2009 include the new Reveal rendering toolset, which streamlines iterative workflows; and the ProMaterials material library for simulating real-world surfaces. The release also delivers numerous biped enhancements and new UV editing tools. Improved OBJ and Autodesk FBX file formats import and export vastly enhance interoperability with Autodesk Mudbox, Autodesk Maya, Autodesk MotionBuilder software programs and other third-party applications. In addition, Recognize, a new scene-loading technology, significantly improves the inter-application workflow with Revit Architecture 2009.

"Autodesk 3ds Max has never failed to deliver; now it's even stronger with specialized versions," said Technical Director Yunus "Light" Balcioglu. "3ds Max 2009 offers great new features that allow me to be more productive and creative. The new biped improvements make it easy to build quadrupeds, Reveal rendering lets me iterate faster, and reworked OBJ import makes it easier than ever to jump between 3ds Max and Mudbox".

3ds Max Design 2009 includes all features offered in Autodesk 3ds Max 2009, with the exception of the software development toolkit (SDK). The SDK is a set of development tools used in the entertainment markets to integrate software into a production pipeline and develop in-house tools to be used in conjunction with the application. 3ds Max Design also includes Exposure technology for simulating and analyzing sun, sky, and artificial lighting to assist with LEED 8.1 certification.

"At SHoP Architects we rely on computer-aided design technology not only to produce innovative architectural forms, but also to create new efficiencies and cost-savings in the design and construction process," said David Fano, designer at SHoP Architects. "Autodesk 3ds Max Design will help us further this pursuit. The newly enhanced daylight simulation tools and improvements to the rendering workflow will allow us to iterate more freely and create better quality work faster. Also, the FBX-based interoperability with Revit will give us a continuous digital workflow by leveraging our Building Information Model for advanced visualization in 3ds Max during all stages of design."

For more information about 3ds Max 2009 and 3ds Max Design 2009, visit: http://www.worldpressdays08.com/.

Pricing and Availability

Autodesk anticipates that 3ds Max 2009 and 3ds Max Design 2009 will be available in English during spring 2008. The Autodesk suggested retail price for 3ds Max 2009 or 3ds Max Design 2009 software is US$3,495*. The Autodesk suggested retail price to upgrade from 3ds Max 2008 to either 3ds Max 2009 or 3ds Max Design 2009 is US$895*. Product availability will vary by country. Details and purchasing options are expected to be accessible starting March 25, 2008, at: http://www.autodesk.com/purchaseoptions. Information and selected content from Autodesk World Press Days may be found at http://www.worldpressdays08.com/.

From March 31, 2008 to July 17, 2008, existing Autodesk VIZ 2008 software Subscription customers will be able to cross-grade to 3ds Max Design 2009 for US$249**. During this same timeframe, Autodesk VIZ 2006, 2007, and 2008 customers who are not on Autodesk Subscription will be able to cross-grade to 3ds Max Design 2009 for US$895**, if they purchase Autodesk Subscription for 3ds Max Design 2009.

Autodesk Subscription will be available for purchase simultaneously with the product purchase or upgrade. The Autodesk suggested retail price for Autodesk Subscription for 3ds Max or 3ds Max Design will be US $495* per year.

* International pricing may vary.

** International pricing may vary. This promotion only applies to Autodesk VIZ purchases made prior to February 12, 2008.

About Autodesk

Autodesk, Inc. is the world leader in 2D and 3D design software for the manufacturing, building and construction, and media and entertainment markets. Since its introduction of AutoCAD software in 1982, Autodesk has developed the broadest portfolio of state-of-the-art digital prototyping solutions to help customers experience their ideas before they are real. Fortune 1000 companies rely on Autodesk for the tools to visualize, simulate and analyze real-world performance early in the design process to save time and money, enhance quality and foster innovation. For additional information about Autodesk, visit http://www.autodesk.com/.

Autodesk, AutoCAD, Exposure, FBX, Maya, MotionBuilder, Mudbox, ProMaterials, Recognize, Reveal, Revit and 3ds Max are registered trademarks or trademarks of Autodesk, Inc., in the USA and/or other countries. All other brand names, product names, or trademarks belong to their respective holders. Autodesk reserves the right to alter product offerings and specifications at any time without notice, and is not responsible for typographical or graphical errors that may appear in this document.

Contacts: Brittany Bonhomme, 514-954-7419; Karen Raz, 310-450-1482 Email: brittany.bonhomme@autodesk.com; karen@razpr.com (Logo: http://www.newscom.com/cgi-bin/prnh/20050415/SFF034LOGO)

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20080212/AQTU080
http://www.newscom.com/cgi-bin/prnh/20050415/SFF034LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Autodesk, Inc.

CONTACT: Brittany Bonhomme of Autodesk, Inc., +1-514-954-7419,
brittany.bonhomme@autodesk.com; or Karen Raz, +1-310-450-1482,
karen@razpr.com, for Autodesk, Inc.

Web site: http://www.autodesk.com/
http://www.worldpressdays08.com/

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News archive of November 2009
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