Arizona Federal to Present at Compuware Quality Management WebcastArizona Federal to Discuss How They Successfully Leveraged Test Automation and a Structured Process to Deliver Applications Without Sacrificing Cost, Time or Quality

DETROIT, March 12 /PRNewswire-FirstCall/ -- Compuware Corporation today announced that it will sponsor a webcast on March 13, 2008, at 1:00 p.m. Eastern time, titled: "Improving Quality in Your Application Delivery Process -- A Success Story at Arizona Federal." In this webcast, Kevin Bingham, Assistant Vice President, Information Technology at Arizona Federal will present how his organization leveraged test automation and a structured process to deliver applications without sacrificing budget, time or quality by using Compuware TestPartner.

"Our business requires quality in every aspect. Using Compuware TestPartner, my team was able to reduce our testing cycle from 60 days to 25 days, increasing productivity by 96 percent," said Bingham. "The significant reduction in time and resources required for testing has enabled our business partners to focus more on delivering improved service quality to our members."

During this webcast, attendees will learn strategies for successfully implementing automation, including how Arizona Federal:

-- improved productivity through prioritizing testing goals and achieving business buy-in -- facilitated increased collaboration and involvement of business partners upfront through a structured approach -- reduced risk by building maintainable assets.

To register for this webcast, go to: http://w.on24.com/r.htm?e=104744&s=1&k=39E27B3EA25881B611149DB14CAC95FE&partne rref=CW3 .

Compuware Corporation

Compuware Corporation maximizes the value IT brings to the business by helping CIOs more effectively manage the business of IT. Compuware solutions accelerate the development, improve the quality and enhance the performance of critical business systems while enabling CIOs to align and govern the entire IT portfolio, increasing efficiency, cost control and employee productivity throughout the IT organization. Founded in 1973, Compuware serves the world's leading IT organizations, including more than 90 percent of the Fortune 100 companies. Learn more about Compuware at http://www.compuware.com/ .

For Compuware Sales or Marketing Information

Compuware Corporation, One Campus Martius, Detroit, MI 48226, 800-521-9353, http://www.compuware.com/

Compuware Press Contact

Kayla White-Siefker, Compuware Communications and Investor Relations, 313-227-1402, kayla.siefker@compuware.com

Compuware is a registered trademark of Compuware Corporation. All other product and company names are trademarks or registered trademarks of their respective owners.

Compuware Corporation

CONTACT: Kayla White-Siefker, Compuware Communications and Investor
Relations, +1-313-227-1402, kayla.siefker@compuware.com

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

Company News On-Call: http://www.prnewswire.com/comp/112310.html

Tharaldson Property Management Inc signs agreement to upgrade 371 properties with Guest-Tek

CALGARY, March 12 /PRNewswire-FirstCall/ -- Guest-Tek Interactive Entertainment Ltd., ("Guest-Tek") (TSX:GTK) has announced an agreement (the "Agreement") with Tharaldson Property Management, Inc. ("TPM") one of the largest hotel property management companies in North America to upgrade high speed internet access ("HSIA"). Tharaldson Property Management, Inc. properties include an expansive list of well known brands of hotels in North America.

"We are very pleased we have been selected to upgrade this very impressive portfolio of North American managed properties," said Arnon Levy, CEO for Guest-Tek. "Tharaldson Property Management, Inc. is a leader in hospitality property management, we understand this agreement has required careful consideration to select a HSIA service provider that can deliver a top-quality high speed internet access service across a large and diverse portfolio of hotels."

This agreement was reached through consultation with the client regarding the network upgrades recommended by Guest-Tek. Over the next 12 months Guest-Tek will upgrade and certify each properties' HSIA network to improve the level of service provided by increasing the quality of the network.

"Guest's usage and expectations for consistent HSIA service continue to grow. For hoteliers to meet these expectations requires a well designed and documented network along with a team of experts to support it. Guest-Tek's experience across over 3,000 hotel networks has proven how critical this is to the quality of service a guest receives," said Arnon Levy. "This is a significant milestone for Guest-Tek to have a customer like TPM take a strong stance and invest in the quality of the HSIA service for all of their guests. Other hotels have been very pleased with the results of the upgrade process and we look forward to working with TPM on this project."

Guest-Tek has taken proactive steps to upgrade existing HSIA hospitality properties to meet set standards of equipment, network quality, and support. The main objective of the program is to provide the hotelier quality HSIA network. The end result of the objective is to increase profitability for both the property owner and Guest-Tek through consumer satisfaction and customer retention.

"We are pleased to extend our relationship with Guest-Tek and anticipate an increased level of customer satisfaction with the enhancement program we have defined with Guest-Tek", said Rick Larson, President of Tharaldson Property management.

ABOUT GUEST-TEK

Guest-Tek (Toronto Stock Exchange: GTK) is the world's largest provider of IP based technology solutions for the hospitality industry. Guest-Tek's OneView platform provides hotels with converged data, video and telephony services. Guest-Tek is a preferred vendor to major hotel brands, providing services including network design, procurement, implementation, and post sales customer support to over 3,019 properties and over 504,000 rooms. The company's head offices are in Calgary, Alberta, and it has major support facilities in Irvine, California, and Warsaw, Poland as well as Sales offices located throughout North America and Europe. For more information about Guest-Tek, go to http://www.guest-tek.com/ .

ABOUT THARALDSON PROPERTY MANAGEMENT

Based in Fargo, North Dakota Tharaldson Property Management, Inc.(TPM) , an employee-owned company is the largest independent hotel property management company in the nation, operating under contract 375 hotels in 36 states. For more information about Tharaldson Property Management, Inc, go to http://www.tharaldson.com/ .

Guest-Tek Interactive Entertainment Ltd.

CONTACT:

Moog to Present at JPMorgan 6th Annual Aviation and Transportation Conference on March 18, 2008

EAST AURORA, N.Y., March 12 /PRNewswire-FirstCall/ -- Moog Inc. announced today that Bob Brady, Chairman and CEO, and John Scannell, CFO, will present at the JPMorgan Aviation and Transportation Conference on Tuesday, March 18, 2008 at 2:45 p.m. EDT.

Listeners can access the conference call live over the Internet at http://www.moog.com/Home/Investors/Webcast/. Please allow 15 minutes prior to the call to visit the site to download and install any necessary audio software.

Moog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog's high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, and medical equipment.

Additional information about the company can be found at http://www.moog.com/.

Moog Inc.

CONTACT: Ann Marie Luhr, Moog Inc., +1-716-687-4225

Web site: http://www.moog.com/
http://www.moog.com/Home/Investors/Webcast

Two Upcoming Domino's Pizza Investor Events

ANN ARBOR, Mich., March 12 /PRNewswire-FirstCall/ -- Domino's Pizza, Inc. announces the following Web cast events:

What: Citi Investment Research 2008 Small and Mid-Cap Conference When: Wednesday, March 19, 2008 starting at 1:05 p.m. Pacific Where: http://www.dominosbiz.com/ How: Live over the Internet. Simply log on to the Web address above. What: JPMorgan Gaming, Lodging and Restaurants Conference '08 When: Wednesday, March 26 starting at 11:00 a.m. Pacific Where: http://www.dominosbiz.com/ How: Live over the Internet. Simply log on to the Web address above. Both Web casts will also be archived on the Domino's Web site for replay. Contact: Lynn Liddle: (734) 930-3008 About Domino's Pizza(R)

Founded in 1960, Domino's Pizza is the recognized world leader in pizza delivery. Domino's is listed on the NYSE under the symbol "DPZ." Through its primarily franchised system, Domino's operates a network of 8,624 franchised and Company-owned stores in the United States and more than 55 countries. The Domino's Pizza(R) brand, named a Megabrand by Advertising Age magazine, had global retail sales of over $5.4 billion in 2007, comprised of $3.2 billion domestically and $2.2 billion internationally. Domino's Pizza was named "Chain of the Year" by Pizza Today magazine, the leading publication of the pizza industry and is the "Official Pizza of NASCAR(R)." Customers can place orders online in English and Spanish by visiting http://www.dominos.com/ or from a Web-enabled cell phone by visiting mobile.dominos.com. More information on the Company, in English and Spanish, can be found on the Web at http://www.dominos.com/. Domino's Pizza. You Got 30 Minutes(TM).

Domino's Pizza

CONTACT: Lynn Liddle, Domino's Pizza, +1-734-930-3008

Web site: http://www.dominos.com/
http://www.dominosbiz.com/

Herley Reports Second Quarter ResultsConference Call Scheduled for Thursday, March 13, 2008

LANCASTER, Pa., March 12 /PRNewswire-FirstCall/ -- Herley Industries, Inc. today reported financial results for the second quarter ended February 3, 2008.

Net sales for the fourteen weeks ended February 3, 2008 were approximately $34.7 million. Net loss for the period was approximately $3.8 million or $(.28) per share.

Myron Levy, the Company's Chairman and CEO, will host a conference call on March 13, 2008 at 9:00 a.m. Eastern time to discuss financial results for the second quarter ended February 3, 2008. To join the conference call dial 1 (888) 425-4188, referencing Conference ID 37410642.

A taped replay of the call will be available on March 13, 2008 at 11:00 a.m. through March 20, 2008 at 11:59 p.m. Eastern time. To listen to the replay dial: 1 (800) 642-1687 (U.S.) or 1 (706) 645-9291 (International), and Conference ID 37410642.

In addition, the conference call will be broadcast live over the Internet and can be accessed through the following URL: http://www.videonewswire.com/event.asp?id=46459 . To listen to the live call on the Internet, go to the web site at least 15 minutes early to register, download and install any necessary audio software.

Herley Industries, Inc. is a leader in the design, development and manufacture of microwave technology solutions for the defense, aerospace and medical industries worldwide. Based in Lancaster, PA, Herley has eight manufacturing locations and approximately 985 employees. Additional information about the company can be found on the Internet at http://www.herley.com/

Safe Harbor Statement - Except for the historical information contained herein, this release may contain forward-looking statements. Such statements are inherently subject to risks and uncertainties. When used in this report, words such as "anticipated," "believes," "could," "estimates," "expects," "may," "plans," "potential" and "intends" and similar expressions, as they relate to the Company or its management, identify forward-looking statements. Such forward-looking statements are based on the belief of the Company's management, as well as assumptions made by and information currently available to the Company's management. The Company's results could differ materially based on various factors, including, but not limited to, cancellation or deferral of customer orders, difficulties in the timely development of new products, difficulties in manufacturing, increased competitive pressures, the effects of the indictment of the Company and general economic conditions. The Company undertakes no obligation to update forward-looking statements as a result of future events or developments.

For information at Herley contact: Peg Guzzetti Tel: (717) 735-8117 Investor Relations http://www.herley.com/ HERLEY INDUSTRIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands, except share data) February 3, 2008 July 29, (Unaudited) 2007 ----------- ----------- ASSETS Current Assets: Cash and cash equivalents $24,808 $35,181 Trade accounts receivable, net 19,326 28,058 Income Taxes Receivable 819 819 Costs incurred and income recognized in excess of billings on uncompleted contracts and claims 18,779 14,448 Other receivables 2,911 2,816 Inventories, net 54,787 51,815 Deferred income taxes 7,176 4,254 Other current assets 1,878 1,069 ----------- ----------- Total Current Assets 130,484 138,460 Property, Plant and Equipment, net 31,223 29,996 Goodwill 73,885 74,044 Intangibles, net of accumulated amortization of $6,381 at February 3, 2008 and $5,256 at July 29, 2007 17,276 18,431 Other Assets 586 1,662 ----------- ----------- Total Assets $253,454 $262,593 =========== =========== LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities: Current portion of long-term debt $1,372 $1,346 Current portion of employment settlement agreement - (net of imputed interest of $163 at February 3, 2008 and $245 at July 29, 2007) 1,194 1,113 Current portion of litigation settlement (net of imputed interest of $18) 1,482 - Accounts payable and accrued expenses 20,091 19,049 Billings in excess of costs incurred and income recognized on uncompleted contracts 864 99 Income taxes payable 340 3,518 Accrual for contract losses 1,190 1,564 Accrual for warranty costs 1,017 1,106 Advance payments on contracts 6,954 7,163 ----------- ----------- Total Current Liabilities 34,504 34,958 Long-term Debt 5,267 5,951 Long-term Portion of Employment Settlement Agreement - (net of imputed interest of $505 at February 3, 2008 and $580 at July 29, 2007) 3,488 4,117 Long-term portion of litigation settlement (net of imputed interest of $214) 1,786 - Other Long-term Liabilities 1,438 1,311 Deferred Income Taxes 7,123 6,615 Accrued Income Taxes Payable 3,244 - ----------- ----------- Total Liabilities 56,850 52,952 ----------- ----------- Commitments and Contingencies Shareholders' Equity: Common stock, $.10 par value; authorized 20,000,000 shares; issued and outstanding 13,502,677 at February 3, 2008, and 13,977,115 at July 29, 2007 1,350 1,398 Additional paid-in capital 100,734 107,094 Retained earnings 92,973 99,404 Accumulated other comprehensive income 1,547 1,745 ----------- ----------- Total Shareholders' Equity 196,604 209,641 ----------- ----------- Total Liabilities and Shareholders' Equity $253,454 $262,593 =========== =========== HERLEY INDUSTRIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands except per share data) (Unaudited) Twenty- Twenty- Fourteen Thirteen seven six Weeks Weeks Weeks Weeks Ended Ended Ended Ended February January February January 3, 2008 28, 2007 3, 2008 28, 2007 ------- ------- ------- ------- Net sales $34,661 $37,997 $69,794 $78,113 ------- ------- ------- ------- Cost and expenses: Cost of products sold 29,668 28,010 54,808 57,841 Selling and administrative expenses 9,098 7,398 17,918 16,420 Litigation settlement - - 6,042 - Employment contract settlement costs - - - 8,914 ------- ------- ------- ------- 38,766 35,408 78,768 83,175 ------- ------- ------- ------- (Loss) income from operations (4,105) 2,589 (8,974) (5,062) ------- ------- ------- ------- Other income (expense): Investment income 379 263 808 479 Interest expense (238) (222) (263) (365) Foreign exchange transactions (loss) gain (194) 266 (48) 283 ------- ------- ------- ------- (53) 307 497 397 ------- ------- ------- ------- (Loss) income before income taxes (4,158) 2,896 (8,477) (4,665) (Benefit) provision for income taxes (318) 1,223 (2,046) (327) ------- ------- ------- ------- Net (loss) income $(3,840) $1,673 $(6,431) $(4,338) ======= ======= ======= ======= (Loss) earnings per common share - Basic $(.28) $.12 $(.47) $(.31) ======= ======= ======= ======= Basic weighted average shares 13,617 13,902 13,791 13,882 ======= ======= ======= ======= (Loss) earnings per common share - Diluted $(.28) $.12 $(.47) $(.31) ======= ======= ======= ======= Diluted weighted average shares 13,617 14,405 13,791 13,882 ======= ======= ======= ======= HERLEY INDUSTRIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (In thousands) Twenty-seven Twenty-six weeks weeks ended ended February 3, January 28, 2008 2007 ---------- ---------- Cash flows from operating activities: Net Loss $(6,431) $(4,338) ---------- ---------- Adjustments to reconcile net loss to net cash provided by operating activities: Depreciation and amortization 3,718 3,507 Stock-based compensation costs 513 225 Excess tax benefit from exercises of stock options (47) (212) Employment contract settlement costs (includes $196 of stock option modification costs) - 5,914 Litigation settlement costs 5,942 - Imputed interest 226 111 Deferred tax benefit (2,391) (2,307) Loss (gain) on sale of fixed assets 8 (107) Foreign exchange transaction losses (gains) 48 (68) Inventory valuation reserve charges 859 424 Reduction in accrual for contract losses (826) (664) Warranty reserve charges 566 634 Changes in operating assets and liabilities: Trade accounts receivable 8,638 2,162 Costs incurred and income recognized in excess of billings on uncompleted contracts and claims (4,331) 920 Other receivables (95) (888) Inventories (3,914) (1,499) Other current assets (809) (315) Accounts payable and accrued expenses 1,042 (5,266) Billings in excess of costs incurred and income recognized on uncompleted contracts 765 146 Income taxes payable 113 1,774 Accrual for contract losses 452 (321) Employment settlement payments (705) (130) Litigation settlement payments (2,500) - Advance payments on contracts (209) 1,517 Other, net (462) 201 ---------- ---------- Total adjustments 6,601 5,758 ---------- ---------- Net cash provided by operating activities 170 1,420 ---------- ---------- Cash flows from investing activities: Acquisition of technology license - (179) Proceeds from sale of fixed assets - 202 Capital expenditures (2,886) (2,235) ---------- ---------- Net cash used in investing activities (2,886) (2,212) ---------- ---------- Cash flows from financing activities: Borrowings under bank line of credit 9,400 8,500 Borrowings - other - 1,746 Proceeds from exercise of stock options 170 1,087 Excess tax benefit from exercises of stock options 47 212 Payments of long-term debt (733) (440) Payments under bank line of credit (9,400) (8,500) Purchase of treasury stock (7,138) - ---------- ---------- Net cash (used in) provided by financing activities (7,654) 2,605 ---------- ---------- Effect of exchange rate changes on cash (3) 8 ---------- ---------- Net (decrease) increase in cash and cash equivalents (10,373) 1,821 Cash and cash equivalents at beginning of period 35,181 22,303 ---------- ---------- Cash and cash equivalents at end of period $24,808 $24,124 ========== ==========

Herley Industries, Inc.

CONTACT: Peg Guzzetti, Investor Relations of Herley Industries, Inc.,
+1-717-735-8117

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

Judge Orders Complete Dismissal of Securities Class Action Against IkanosCourt Says 'Case Closed' for Suit Against Company, Individuals and Banks

FREMONT, Calif., March 12 /PRNewswire-FirstCall/ -- Ikanos Communications, Inc. , a leading developer and provider of Fiber Fast(TM) broadband solutions, today announced that the U.S. District Court for the Southern District of New York has dismissed the securities class action suit filed against the Company, certain of its directors and officers and two investment banks.

As previously disclosed in the company's SEC filings, plaintiffs first filed the case in November 2006. The complaint alleged the Company's September 2005 IPO prospectus and March 2006 secondary offering prospectus failed to disclose various facts purportedly known to management. The twenty-one page order of dismissal reviewed all of the plaintiffs' allegations in detail, and determined that there was no basis to proceed further against the defendants. Pointing to the actual statements contained in the Company's offering documents, the court noted that Ikanos' disclosures "were more than adequate. They are of sufficient precision and clarity to alert prudent investors to the nature of the offerings and the risks entailed."

"We are very pleased with the court's ruling," said Noah D. Mesel, vice president and general counsel of Ikanos. "With this ruling, we are able to focus all of our efforts on managing our business."

Plaintiffs have thirty days from entry of judgment to appeal the decision.

The Company and the individual defendants were represented by Michael Torpey and James Kramer at Orrick, Herrington & Sutcliffe.

About Ikanos Communications, Inc.

Ikanos Communications, Inc. develops chipsets that enable carriers to offer Fiber Fast(TM) bandwidth and Gigabit network processing for enhanced triple play services. Ikanos' multi-mode VDSL2/ADSLx and network processor solutions power access infrastructure and customer premises equipment for many of the world's leading network equipment manufacturers. Ikanos' solutions enable fast and cost-effective carrier rollouts of interactive broadband services, including IPTV. For more information, visit http://www.ikanos.com/.

(C) 2008 Ikanos Communications, Inc. All Rights Reserved. Ikanos Communications, Ikanos, the Ikanos logo, Ikanos Programmable Operating System, Arion, CleverConnect, Eagle, Fiber Fast, Fusiv, Fx, FxS, LoopNostics, Maximus, Palladia, RRA, SmartLeap and VLR are among the trademarks or registered trademarks of Ikanos.

Cautionary Statement

This press release contains forward-looking statements that involve risks, uncertainties and assumptions regarding the future conduct of the securities litigation described herein. The risks and uncertainties include whether plaintiffs decide to appeal the court's order dismissing the case. If such risks or uncertainties materialize or such assumptions prove incorrect, the company would face on-going defense costs and management distraction, and the company's results could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. For a further discussion of the risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see the section entitled "Risk Factors" in Ikanos' Annual Reports on Form 10-K and its most recent Quarterly Reports on Form 10-Q. Ikanos cannot assure that the events and circumstances reflected in any forward-looking statements will be achieved or occur, nor does Ikanos undertake any obligation to update any forward-looking statements for any reason after the date of this press release.

Ikanos Communications, Inc.

CONTACT: Investor Relations, Bonnie Mott, +1-510-438-5360,
bmott@ikanos.com, or Media Relations, Margo Westfall, +1-510-438-6276,
mwestfall@ikanos.com, both of Ikanos Communications, Inc.

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

Solera Holdings, Inc. to Present at Citi 2008 Small and Mid-Cap Conference

SAN DIEGO, March 12 /PRNewswire-FirstCall/ -- Solera Holdings, Inc. , the leading global provider of software and services for the automobile insurance claims processing industry, today announced that its management will present to investors on Tuesday, March 18 at 4:25 PM (PDT) as part of the Citi 2008 Small and Mid-Cap Conference. The Conference is being held at the Four Seasons Hotel in Las Vegas, NV.

The audio portion of Solera's presentation will be webcast live in listen- only mode and can be accessed by visiting the Investor Relations section of the Company's website on Tuesday afternoon: http://www.solerainc.com/. A replay of the audio webcast will be available beginning at 5:25 PM (PDT) on Tuesday and remain on the Solera website until April 1, 2008.

About Solera

Solera is the leading global provider of software and services for the automobile insurance claims processing industry. Solera is active in over 50 countries across six continents. The Solera companies include Audatex in the United States, Canada, and in more than 45 additional countries, Informex in Belgium, Sidexa in France, ABZ in the Netherlands, Hollander serving the North American recycling market, and IMS providing medical review services. For more information, please refer to the Company's website at http://www.solerainc.com/.

Contacts: Investor Relations: Kamal Hamid Solera Holdings, Inc. 858-946-1676 kamal.hamid@audatex.com Media Relations: Kendra DeWitt Solera Holdings, Inc. 858-946-1453 kendra.dewitt@audatex.com

Solera Holdings, Inc.

CONTACT: Investors, Kamal Hamid, +1-858-946-1676,
kamal.hamid@audatex.com; Media, Kendra DeWitt, +1-858-946-1453,
kendra.dewitt@audatex.com, both of Solera Holdings, Inc.

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

Virgin Mobile USA Reports Pro Forma Earnings Per Share of $0.06 for the Full Year 2007Adjusted EBITDA of $99.2 million grew 107% for the Full Year 2007; Net income of $4.2 million

WARREN, N.J., March 12 /PRNewswire-FirstCall/ --

Fourth Quarter 2007 Highlights * Adjusted EBITDA of $9.3 million, an improvement of $32.8 million from ($23.5) million in Q4 2006 * Churn of 5.1% * Net service revenue of $293.6 million, up 8% from Q4 2006 * Net loss of ($14.7) million, up from ($44.9) million in Q4 2006 * Pro forma loss per share of ($0.28) * As reported loss per share of ($0.30) * $3.6 million of free cash flow, up from ($39.7) million in Q4 2006 Full Year 2007 Highlights * Surpassed 5 million subscribers as of year end * Churn of 4.9% * Net service revenue of $1.2 billion, up 20% from FY 2006 * As reported diluted earnings per share of $0.08 * $11.2 million of free cash flow, up from ($73.3) million for FY 2006

Virgin Mobile USA, Inc. , a leading national provider of wireless communications services and plans without annual contracts, today reported its financial and operational results for the fourth quarter and full year ended December 31, 2007.

(Logo: http://www.newscom.com/cgi-bin/prnh/20070613/VIRGINMOBILE )

"2007 was a year of substantial growth for Virgin Mobile USA," said Dan Schulman, Chief Executive Officer, Virgin Mobile USA. "We grew our customer base to nearly 5.1 million, net service revenues 20% to over $1.2 billion, and Adjusted EBITDA over 100% to $99.2 million. Most importantly, 2007 was our first year of profitability, with net income of $4.2 million generating a pro forma earnings per share of $0.06.

"Our results for the full year reflect a clear focus on attracting and retaining customers who deliver a strong return on investment. We maintained a disciplined customer acquisition strategy; while competitors were aggressively lowering prices in the fourth quarter to impact gross adds, we chose not to pursue what historically have proven to be low-value, low-tenure customers. This focus on the value of our customers, combined with the low, predictable cost structure of the MVNO business model, allows us both growth and profitability in a competitive retail environment."

Schulman continued, "We think we have one of the most attractive value propositions in the market, and that our business is well-positioned for the future. Throughout our five-year operating history, we have driven industry innovation by consistently reinventing our consumer offer. We will continue to simplify and evolve our product and service offers to better serve our more than five million customers and to generate increasing demand."

Overview and Basis of Presentation

The financial results for all periods presented in this release reflect the retroactive consolidation of Virgin Mobile USA, Inc., Virgin Mobile USA, L.P., and Bluebottle USA Investments L.P. Virgin Mobile USA, Inc. is a holding company formed for the purpose of an initial public offering, or IPO, that was completed on October 16, 2007. In connection with the IPO, the Company, Virgin Mobile USA, LLC and certain other entities completed an internal reorganization. As part of the reorganization, Virgin Mobile USA LLC converted to a limited partnership and changed its name to Virgin Mobile USA L.P. (the "Operating Partnership"). On October 16, 2007, Virgin Mobile USA, Inc. and certain selling stockholders sold 27,500,000 shares of Virgin Mobile USA, Inc. Class A common stock at $15.00 per share. The net proceeds from the IPO to the Company were approximately $352.7 million after deducting underwriting commissions and discounts of $23.7 million, estimated offering expenses of $7.4 million. The Company used $136 million of the IPO proceeds to pay Sprint Nextel for a portion of Sprint Nextel's limited liability company interests in Virgin Mobile USA, LLC that the company purchased in connection with the reorganization and IPO. The remaining net proceeds of $216.7 million were used to (1) repay $150 million of outstanding borrowings and $0.8 million of accrued interest under the senior secured credit facility and (2) repay $45 million of indebtedness and $0.6 million of accrued interest owed to Sprint Nextel under the subordinated secured revolving credit facility. Subsequent to the IPO, the remaining net proceeds of approximately $20 million were used for general corporate purposes. Prior to the IPO, Virgin Mobile USA, Inc. had not engaged in any business or other activities except in connection with its formation and the reorganization transactions described in its prospectus, dated October 10, 2007. Virgin Mobile USA is also presenting its earnings per share on a pro forma basis which converts the historical weighted average number of units of limited liability company interests in Virgin Mobile USA, LLC outstanding, to common stock based on a conversion rate used in the reorganization and reflects the shares issued in the IPO as outstanding for all periods presented.

This press release uses several financial performance metrics, including Adjusted EBITDA, Adjusted EBITDA margin, ARPU, CCPU, CPGA and free cash flow, which are not calculated in accordance with GAAP. The Company believes that these non-GAAP financial metrics are helpful in understanding its operating performance from period to period and, although not every wireless company defines these metrics in the same way, believes that these metrics as used by Virgin Mobile USA facilitate comparisons with other wireless communication providers. These metrics should not be considered substitutes for any performance metrics determined in accordance with GAAP. For a reconciliation of non-GAAP financial measures, please refer to the section entitled "Definition of Terms and Reconciliation of Non-GAAP Financial Measures" included at the end of this release.

Key Financial & Operating Results for the Fourth Quarter and Full Year 2007

Virgin Mobile USA, Inc. Unaudited Three Months Ended Fiscal Year Ended December 31, December 31, 2007 2006 2007 2006 Net Service Revenue $293,581 $271,046 $1,227,045 $1,020,055 Total Operating Revenue 326,529 298,099 1,312,935 1,110,579 Operating Income (2,635) (31,295) 57,801 17,507 Net (loss) income (14,713) (44,908) 4,218 (36,941) Adjusted EBITDA 9,321 (23,493) 99,244 47,884 Adjusted EBITDA Margin 3.2% (8.7)% 8.1% 4.7% Earnings (loss) per common share - basic(1) $(0.30) $(1.74) $0.13 $(1.45) Earnings (loss) per common share - diluted(1) $(0.30) $(1.74) $0.08 $(1.45) Pro Forma Earnings (loss) per common share - diluted(1) $(0.28) $(0.85) $0.06 $(0.71) Interest expense - net 11,611 13,189 53,391 52,180 Capital Expenditures 9,299 12,046 28,443 34,453 (1) The calculation of basic and diluted earnings (loss) per share and pro forma diluted earnings (loss) per share converts the historical weighted average number of units of limited liability company interests in Virgin Mobile USA, LLC outstanding for the periods ended December 31, 2007 and 2006 to common stock based on a conversion rate used in the reorganization. In addition, the pro forma basic and diluted earnings (loss) per share reflects the shares issued in the IPO as if they were outstanding for all periods presented. Virgin Mobile USA, Inc. Unaudited Three Months Ended Fiscal Year Ended December 31, December 31, 2007 2006 2007 2006 Gross Additions 957,541 1,293,541 3,384,460 3,013,781 Churn 5.1% 5.6% 4.9% 4.8% Net Customer Additions 209,669 613,752 511,796 729,313 EOP Customers 5,085,886 4,574,090 5,085,886 4,574,090 ARPU $20.14 $22.16 $21.02 $21.48 CCPU $11.56 $14.20 $12.84 $13.15 CPGA $120.87 $96.43 $111.71 $120.55 Free Cash Flow (in thousands) $3,563 $(39,701) $11,206 $(73,327)

During the fourth quarter 2007, Virgin Mobile USA's net service revenue increased 8% versus the prior year period to $293.6 million. Virgin Mobile USA's net service revenue for the full year 2007 increased 20% to $1.2 billion. This was driven by growth in the customer base, as well as by a 28% increase in data service revenues during the full year of 2007 as compared to 2006.

Adjusted EBITDA in the fourth quarter of 2007 grew to $9.3 million, compared to an Adjusted EBITDA loss of ($23.5) million in the fourth quarter 2006. Adjusted EBITDA for the year ended December 31, 2007 increased by 107%, to $99.2 million, compared to $47.9 million in the full year 2006, with Adjusted EBITDA margin of 8.1% for the full year 2007. This primarily resulted from growth in customers and service revenue, as Virgin Mobile USA continued to realize the benefits of its increasing scale.

Virgin Mobile USA's net income for the year ended December 31, 2007 was $4.2 million, compared to net loss of ($36.9) million for the same period in 2006. Virgin Mobile USA reported a net loss for the fourth quarter 2007 of ($14.7) million, compared to a net loss of ($44.9) million for the fourth quarter 2006. Improvement in net loss for the fourth quarter and profitability for the year were related to the Company's increasing scale, the strategic decision not to invest in cut price handsets, and an amendment made to an agreement with Virgin Mobile's network partner, locking in network rates for 2007 and 2008. This amendment also resulted in a fourth quarter 2007 benefit to net income from the reversal of an accrual made throughout the year for anticipated Sprint network rate adjustments.

Virgin Mobile USA achieved its first full year of profitability in 2007, reporting pro forma diluted earnings per share of $0.06, compared to a pro forma loss per share of ($0.71) in the full year 2006. The passing of the profitability inflection point reflects Virgin Mobile USA's larger customer base, and Virgin Mobile USA expects to produce strong profitability growth in 2008. Pro forma loss per share for the fourth quarter 2007 was ($0.28), compared to a pro forma loss per share of ($0.85) in the fourth quarter 2006. As reported, diluted earnings per share for the year ended December 31, 2007 was $0.08 per share, compared to a net loss per share of ($1.45) for the full year 2006. Net loss per share for the fourth quarter 2007 was ($0.30) compared to a net loss per share of ($1.74) for the fourth quarter 2006.

Free cash flow for the year totaled $11.2 million, an increase of $84.5 million from the full year 2006. Free cash flow for the fourth quarter 2007 was $3.6 million, an increase of $43.3 million over the fourth quarter 2006. Strong improvements in free cash flow are the result of the Company's increasing scale and ongoing low capital needs. Capital expenditures for the full year 2007 were $28.4 million, compared to $34.5 million for the full year 2006.

In October 2007, Virgin Mobile USA, Inc. successfully completed its initial public offering, using $195 million of proceeds to repay debt under its senior secured credit facility and subordinated secured revolving credit facility, significantly delevering the Company. As a result, under the terms of those loan agreements to which Virgin Mobile USA is currently subject, Virgin Mobile USA's interest payments and debt amortization are expected to significantly decline going forward. Interest expense for the fourth quarter was $11.6 million. Interest expense for the year ended December 31, 2007 was $53.4 million. As adjusted to reflect the debt repayments related to the IPO, pro forma interest expense for 2007 would have been $38.8 million, or reduced by 27%.

John Feehan, Chief Financial Officer of Virgin Mobile USA commented, "By successfully completing our IPO during the fourth quarter, we now have a stronger, more flexible balance sheet, which dovetails with our low, variable- cost model resulting in a financially stronger company. This improved structure resulted in positive free cash flow for the full year 2007 of $11.2 million, an increase of $84.5 million from the full year 2006. We believe our low capital needs, scalable model and enhanced balance sheet will allow us to continue to generate growing profitability and free cash flow."

Key Metric Performance Review for the Fourth Quarter and Full Year 2007

Gross customer additions, or new Virgin Mobile USA customers who activated their accounts during the fourth quarter of 2007, totaled 958,000, down from 1,294,000 in the fourth quarter 2006. This decline was primarily attributable to the strategic decision by Virgin Mobile USA management not to participate in the practice of temporary, aggressive handset pricing engaged by competitors in the holiday season, instead choosing to maintain a long-term focus on return on investment.

For the full year, gross customer additions totaled 3,384,000, up 12% from 3,014,000 in the prior year. Overall increase in gross customer additions reflected the strong growth of "hybrid" plans, as well as demand for Virgin Mobile USA's affordable handsets, including the success of the high-end Wild Card launched in October 2007. Launched in June 2006, Virgin Mobile's hybrid plans allow its customers to pay in advance for monthly buckets of minutes, offering all the convenience of a postpaid plan without an annual contract. Hybrid customers continued to grow as a percentage of the total gross customer additions and as a percentage of Virgin Mobile USA's total base, representing 29% of gross customer additions in 2007 and 22% of end-of-period subscribers as of December 31, 2007. Gross customer addition quarterly trends will continue to reflect the seasonality of the Company's business, with the highest level of gross additions typically occurring in the fourth quarter.

The Company's cost per gross addition (CPGA) for the fourth quarter 2007 was $120.87, compared to CPGA of $96.43 in the fourth quarter 2006, due in part to lower total gross customer additions in the fourth quarter 2007. CPGA for the full year 2007 was $111.71, down 7% from $120.55 for 2006. The full year decline in CPGA was the result of Virgin Mobile USA's increased handset cost efficiencies as the Company has gained scale, as well as its ability to successfully combat bulk buying.

Fourth quarter 2007 average monthly customer turnover, or churn, declined to 5.1% from 5.6% in the fourth quarter 2006. Churn for the full year was 4.9%, up slightly from 4.8% during the prior year. During the fourth quarter 2007, Virgin Mobile USA added 209,669 net new customers to its base, compared to 613,752 in the fourth quarter 2006. As of December 31, 2007, the Company had approximately 5.1 million customers, an increase of 11% over the same period December 31, 2006. Virgin Mobile USA added 511,796 net new customers to its base during the full year 2007, a decrease of 30% compared to the same period in 2006. This decrease was attributable to the size of Virgin Mobile's customer base, the aforementioned aggressive pricing by competition during the fourth quarter, and declining consumer spending.

Average revenue per user (ARPU) for the fourth quarter was $20.14, reflecting a decline from the prior year's fourth quarter ARPU of $22.16. This decline was the result of lowered customer usage of the traditional prepaid plans, which the Company attributes to an overall decline in consumer spending. For the full year 2007, ARPU was $21.02, versus $21.48 in 2006. ARPU strength continues to be driven primarily by sales of Virgin Mobile USA's hybrid plans, which was offset in part by declining usage on the traditional prepaid side within a challenging economic environment.

Outlook

The Company believes that the economic conditions that affected the consumer market and the wireless industry in the fourth quarter will continue to impact 2008. Nonetheless, Virgin Mobile USA's management believes that its significant experience in delivering strong results in a historically competitive industry will enable it to successfully position the Company through the current macroeconomic conditions. Additionally, the Company's lean and variable cost structure, combined with an improved capital structure, provides Virgin Mobile USA the opportunity to produce profitable results even in a challenging economic environment.

2008 * Virgin Mobile USA believes that, while the strong value and flexibility of its handsets and service plans may increase demand for its products during challenging economic times, its customers may also reduce usage because of personal budget constraints. Due to this possibility, the Company expects net service revenues for 2008 to be broadly in line with net service revenues for 2007. * Adjusted EBITDA for the full year 2008 is expected to be $105 to $130 million. * Compared to the full year 2007 pro forma earnings per share, EPS growth is expected to be more than 200%, or $0.19 to $0.35 per share. * Capital expenditures are expected to be approximately $30-$35 million for the year. * Free cash flow for 2008 is expected to be in the range of $45 to $65 million. First Quarter 2008 * Net customer additions for the first quarter are expected to be in the range of 5,000 - 20,000. * Net service revenues for the first quarter are expected to be in the range of $293 - $303 million. * Adjusted EBITDA for the first quarter is expected to be in the range of $22 - $25 million. * EPS of $0.01 to $0.04. Recent Highlights * In the fourth quarter, Virgin Mobile USA surpassed the 5 million customer mark -- reaching 5 million subscribers in just over 5 years of operation. * Virgin Mobile USA launched the Wild Card handset, a dual-screen messaging phone that features a full QWERTY keyboard, Bluetooth(R) Wireless, high-res camera, web browser and pre-loaded features like Headliner, Virgin Mobile's mobile music magazine -- all for just $99.99. At the same time, Virgin Mobile USA added Unlimited Messaging (including text, picture, email and/or IM) for $19.99 per month to its portfolio. * Wild Card continues to be a significant contributor to Virgin Mobile USA subscriber growth and revenue, as data usage for Wild Card customers is more than triple that of our average subscriber. Wild Card helps to improve profitability and increase the lifetime value of a customer, and allows data services to emerge as a significant growth driver. * With the launch of Studio V, Virgin Mobile USA customers can not only customize their phones with self-created wallpaper and ringtones, they can also sell their creations on the Virgin Mobile website and use payments received as credit towards airtime. * On behalf of its pro-social initiative, The RE*Generation, Virgin Mobile USA participated in a campaign with Congress to designate November 2007 as National Homeless Youth Awareness Month and generated a series of activities to focus attention on this national crisis. * Virgin Mobile USA just launched Flare, our second phone from LG Electronics, and our first with a Spanish-language interface. * Virgin Mobile USA continues to expand on the success of Sugar Mama, our innovative mobile advertising activity that lets customers earn airtime for engaging with like-minded brands. Currently, more than 650,000 Virgin Mobile USA customers use Sugar Mama, collectively earning more than 23.7 million minutes of free airtime. * Virgin Mobile USA recently announced the dates for the third year of its annual rock event. The upcoming Virgin Mobile Festival will take place in Baltimore, Maryland on August 9-10, 2008. The complete lineup for the festival will be announced in early April. * On select Virgin Mobile USA phones, access controls for Surf the Web have been added, allowing that feature to be disabled by parents concerned about the content kids can access on cell phones with web browsing. Earnings Conference Call

Virgin Mobile USA will host a conference call Wednesday, March 12th, 2008 at 5:00 P.M. (ET) with access available via Internet and telephone. Investors and analysts may participate in the live conference call by dialing 888.354.3598 (toll-free domestic) or 706.643.8861 (international); passcode: 37431006. Please register at least 10 minutes before the conference call begins. A replay of the call will be available for one week via telephone starting approximately two hours after the call ends. The replay can be accessed at 800.642.1687 (toll-free domestic) or 706.645.9291 (international); passcode: 37431006. The webcast will be archived on Virgin Mobile USA's web site for 30 days after the call at http://investorrelations.virginmobileusa.com/ .

About Virgin Mobile USA, Inc.

Virgin Mobile USA offers more than five million customers control, flexibility and choice in wireless service, rich data content and innovative products without annual contracts. Voice pricing plans range from monthly options with unlimited nights and weekends to by-the-minute offers, allowing consumers to adjust how and what they pay according to their needs. Virgin Mobile USA's full slate of smart, stylish and affordable handsets, including the Wild Card, Super Slice and Cyclops, are available at top retailers in more than 40,000 locations nationwide and online at http://www.virginmobileusa.com/ , with Top-Up cards available at more than 140,000 locations.

J.D. Power and Associates ranked Virgin Mobile highest in customer satisfaction among wireless prepaid services in both 2006 and 2007, and its customers report a 94% satisfaction rate. Virgin Mobile contributes profits from downloadable content to The RE*Generation, its pro-social initiative to help homeless youth, and provides postage-paid return envelopes in every new package for customers to recycle old phones. Virgin Mobile USA's national coverage is powered by the nationwide Sprint PCS network.

Safe Harbor Statement

This press release contains certain forward-looking statements and information relating to us that are based on the beliefs of our management as well as assumptions made by, and information currently available to, us. These statements include, but are not limited to, statements about our strategies, plans, objectives, expectations, intentions, expenditures, and assumptions and other statements contained in this document that are not historical facts. When used in this press release, words such as "anticipate," "believe," "estimate," "expect," "intend," "plan" and "project" and similar expressions, as they relate to us are intended to identify forward-looking statements. These statements reflect our current views with respect to future events, are not guarantees of future performance, and involve risks and uncertainties that are difficult to predict. Further, certain forward-looking statements are based upon assumptions as to future events that may not prove to be accurate. Many factors could cause our actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements. The potential risks and uncertainties that could cause actual results to differ from the results predicted include, among others, those risks and uncertainties discussed in our filings with the Securities and Exchange Commission, copies of which are available on our investor relations website at http://investorrelations.virginmobileusa.com/ and on the SEC website at http://www.sec.gov/. We neither intend nor assume any obligation to update these forward-looking statements, which speak only as of their dates.

Media Contact: Investor Contact: Jayne Wallace Erica Bolton Virgin Mobile USA Virgin Mobile USA 908-607-4014 908-607-4108 jayne.wallace@virginmobileusa.com erica.bolton@virginmobileusa.com Virgin Mobile USA, Inc. Consolidated Balance Sheets (In thousands, except share amounts) (Unaudited) As of December 31, 2007 2006 Assets Current assets: Cash and cash equivalents $19 $8 Accounts receivable, less allowances of $610 and $471 57,956 70,961 Due from related parties 321 12,301 Other receivables 14,613 15,103 Inventories 137,364 90,815 Prepaid expenses and other current assets 19,722 26,188 Total current assets 229,995 215,376 Property and equipment 154,162 126,324 Accumulated depreciation and amortization (108,249) (74,796) Property and equipment, net 45,913 51,528 Other assets 6,131 10,043 Total assets $282,039 $276,947 Liabilities and Stockholders' deficit Current liabilities: Accounts payable $111,753 $95,243 Due to related parties 56,486 41,569 Book cash overdraft 2,045 34,769 Accrued expenses 73,142 96,465 Deferred revenue 128,125 127,434 Current portion of long-term debt 32,669 37,029 Total current liabilities 404,220 432,509 Long-term debt 244,037 423,500 Related party debt 45,000 58,000 Other liabilities 3,981 7,417 Total non-current liabilities 293,018 488,917 Commitments and contingencies Stockholders' deficit: Common stock: Class A common stock, par value $0.01 per share - 200,000,000 shares authorized and 53,136,839 shares, net of 13,251 treasury shares and 25,682,187 shares issued and outstanding at December 31, 2007 and 2006, respectively 532 257 Class C common stock, par value $0.01 per share - 999,999 shares authorized and 115,062 shares issued and outstanding at December 31, 2007 and 2006 1 1 Class B common stock, par value $0.01 per share - 1 share authorized, issued and outstanding at December 31, 2007 and 2006 Additional paid-in-capital 340,382 112,750 Accumulated deficit (754,860) (759,078) Accumulated other comprehensive (loss) income (1,254) 1,591 Total stockholders' deficit (415,199) (644,479) Total liabilities and stockholders' deficit $282,039 $276,947 Virgin Mobile USA, Inc. Consolidated Statements of Operations and Comprehensive Income (Loss) (In thousands, except per share amounts) (Unaudited) Three Months Ended Year Ended December 31, December 31, 2007 2006 2007 2006 Operating revenue Net service revenue $293,581 $271,046 $1,227,045 $1,020,055 Net equipment revenue 32,948 27,053 85,890 90,524 Total operating revenue 326,529 298,099 1,312,935 1,110,579 Operating expenses Cost of service (exclusive of depreciation and amortization) 76,224 87,786 349,555 299,130 Cost of equipment 133,106 130,093 425,263 378,981 Selling, general and administrative (exclusive of depreciation and amortization) 111,576 107,687 446,708 401,964 (Gain) loss from litigation (4,000) (15,384) Depreciation and amortization 8,258 7,828 33,608 28,381 Total operating expenses 329,164 329,394 1,255,134 1,093,072 Operating income (loss) (2,635) (31,295) 57,801 17,507 Other expense (income) Interest expense - net 11,611 13,189 53,391 52,180 Other (income) expense 146 424 (129) 2,268 Total other expense 11,757 13,613 53,262 54,448 Income (loss) before provision for income taxes (14,392) (44,908) 4,539 (36,941) Provision for income taxes 321 321 Net income (loss) (14,713) (44,908) 4,218 (36,941) Other comprehensive(loss) income: Unrealized (loss) gain on interest rate swap (1,144) 143 (2,845) 1,131 Total comprehensive (loss) income $(15,857) $(44,766) $1,373 $(35,810) Basic and diluted loss per share information: Earnings (loss) per common share - basic $(0.30) $(1.74) $0.13 $(1.45) Earnings (loss) per common share - diluted $(0.30) $(1.74) $0.08 $(1.45) Weighted average common shares outstanding - basic 48,364 25,797 31,495 25,497 Weighted average common shares outstanding - diluted 48,364 25,797 53,211 25,497 Virgin Mobile USA, Inc. Consolidated Statements of Cash Flows (In thousands) (Unaudited) Year Ended December 31, 2007 2006 Operating Activities Net income (loss) $4,218 $(36,941) Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: Depreciation and amortization 33,608 28,381 Loss from asset disposal 450 Amortization of deferred financing costs 3,643 4,021 Non-cash charges for stock-based compensation and stock issuance 7,423 9,024 Non-cash charges associated with barter transactions (3,195) Non-cash cost of royalties and services 693 2,692 Provision for bad debts 202 375 Changes in assets and liabilities: Accounts receivable 12,803 (2,787) Due from related parties 11,980 (547) Other receivables (2,504) (9,053) Inventories (46,549) (46,413) Prepaid expenses and other assets 6,885 (8,471) Accounts payable 16,510 17,475 Due to related parties 15,136 (14,347) Deferred revenue 691 31,036 Accrued expenses and other liabilities (25,540) (10,124) Net cash provided by (used in) operating activities 39,649 (38,874) Investing Activities Capital expenditures (28,443) (34,453) Net cash used in investing activities (28,443) (34,453) Financing Activities Net change in book cash overdraft (32,724) 34,769 Repayment of long-term debt (183,794) (37,000) Net change in related party debt (13,000) 58,000 Financing fees (1,013) Net proceeds from public offering of Class A common stock 352,672 Proceeds paid to a stockholder for a portion of Virgin Mobile USA, L.P. (136,010) Return of capital to stockholders (8) Proceeds from exercise of options 1,669 Net cash provided by financing activities (11,195) 54,756 Net (decrease) increase in cash and cash equivalents 11 (18,571) Cash and cash equivalents at beginning of year 8 18,579 Cash and cash equivalents at end of year $19 $8 Supplemental disclosure of cash flow information: Cash paid for interest $51,451 $52,328 Non-cash activities Contributions by stockholders $1,255 $ 2,692 Equity earned by stockholders $ 8,079 Conversion of SARs to equity $906 Definition of Terms and Reconciliation to Non-GAAP Financial Measures

This earnings press release includes several historical key performance metrics used in the wireless communications industry to manage and assess our financial performance. These metrics include gross additions, churn, net customer additions, end-of-period customers, Adjusted EBITDA, Adjusted EBITDA margin, average revenue per user, or ARPU, cash cost per user, or CCPU, cost per gross addition, or CPGA and free cash flow. Trends in key performance metrics such as ARPU, CCPU and CPGA will depend upon the scale of our business as well as the dynamics in the marketplace and our success in implementing our strategies. These metrics are not calculated in accordance with generally accepted accounting principles in the United States, or GAAP. A non-GAAP financial metric is defined as a numerical measure of a company's financial performance that (i) excludes amounts, or is subject to adjustments that have the effect of excluding amounts, that are included in the comparable measure calculated and presented in accordance with GAAP in the statement of operations or statement of cash flows; or (ii) includes amounts, or is subject to adjustments that have the effect of including amounts, that are excluded from the comparable measure so calculated and presented. We believe that the non-GAAP financial metrics that we use are helpful in understanding our operating performance from period to period and, although not every company in the wireless communication industry defines these metrics in precisely the same way, we believe that these metrics as we use them facilitate comparisons with other wireless communication providers. These metrics should not be considered substitutes for any performance metric determined in accordance with GAAP.

Gross additions represent the number of new customers that activated an account during a period, unadjusted for churn in the same period. In measuring gross additions, we begin with account activations and exclude retailer returns, customers who have reactivated and fraudulent activations. These adjustments are applied in order to arrive at a more meaningful measure of our customer growth.

Churn is used to measure customer turnover on an average monthly basis. Churn is calculated as the ratio of the net number of customers that disconnect from our service during the period being measured to the weighted average number of customers during that period, divided by the number of months during the period being measured. The net number of customers that disconnect from our service is calculated as the total number of customers that disconnect less the adjustments noted under gross additions above. These adjustments are applied in order to arrive at a more meaningful measure of churn. The weighted average number of customers is the sum of the average number of customers for each day during the period divided by the number of days in that period. Churn includes those pay-by-the-minute customers whom we automatically disconnect from our service when they have not replenished, or "Topped-Up," their accounts for 150 days, as well as those monthly customers whom we automatically disconnect when they have not paid their monthly recurring charge for 150 days (except for such monthly customers who replenish their account for less than the amount of their monthly recurring charge and, according to the terms of our monthly plans, may continue to use our services on a pay-by-the-minute basis), and such customers that voluntarily disconnect from our service prior to reaching 150 days since replenishing their account or paying their monthly recurring charge. We utilize 150 days in our calculation as it represents the last date upon which a customer who replenishes his or her account is still permitted to retain the same phone number. This calculation is consistent with the terms and conditions of our service offering. We believe churn is a useful metric to track changes in customer retention over time and to help evaluate how changes in our business and services offerings affect customer retention. In addition, churn is also useful for comparing our customer turnover to that of other wireless communications providers.

Net customer additions and end-of-period customers are used to measure the growth of our business, to forecast our future financial performance and to gauge the marketplace acceptance of our offerings. Net customer additions represent the number of new customers that activated an account during a period, adjusted for churn, during the same period. End-of-period customers are the total number of customers at the end of a given period.

Adjusted EBITDA is calculated as net income (loss) plus interest expense, income tax expense, depreciation and amortization, non-cash compensation expense, equity issued to a member, debt extinguishment costs and expenses of Bluebottle USA Investments, L.P. prior to the IPO. Adjusted EBITDA margin is calculated as Adjusted EBITDA divided by Net service revenue. We believe Adjusted EBITDA is a useful tool in evaluating performance because it eliminates items related to taxes, non-cash charges relating to depreciation and amortization as well as items relating to both the debt and equity portions of our capital structure. Adjustments relating to interest expense, income tax expense, and depreciation and amortization are each customary adjustments in the calculation of supplemental measures of performance. We believe such adjustments are meaningful because they are indicators of our core operating results, and our management uses them to evaluate our business. Specifically, our management uses them in its calculation of compensation targets, preparation of budgets and evaluations of performance. Similarly, we believe that the exclusion of non-cash compensation expense provides investors with a more meaningful indication of our performance as these non-cash charges relate to the equity portion of our capital structure and not our core operating performance. This exclusion is also consistent with how we calculate the measures we use for determining certain bonus compensation targets, preparing budgets and other internal purposes. Finally, we believe that the exclusion of equity issued to a member and debt extinguishment costs in 2006 is appropriate because these charges relate to the debt and equity portions of our capital structure and are not expected to be incurred in future periods.

The following table illustrates the calculation of Adjusted EBITDA and Adjusted EBITDA margin and reconciles Adjusted EBITDA to net income (loss) which we consider to be the most directly comparable GAAP financial measure.

Three Months Ended Fiscal Year Ended December 31, December 31, (In thousands, except 2007 2006 2007 2006 Adjusted EBITDA Margin) (Unaudited) (Unaudited) Net income (loss) $(14,713) $(44,908) $4,218 $(36,941) Plus: Depreciation and amortization 8,258 7,828 33,608 28,381 Interest expense 11,611 13,189 53,391 52,180 Income tax expense 321 321 Non-cash compensation expense 3,844 253 7,423 2,563 Bluebottle USA Investments L.P. expenses prior to the IPO 145 283 232 Debt extinguishment costs 1,469 Adjusted EBITDA $9,321 $(23,493) $99,244 $47,884 Net service revenue $293,581 $271,046 $1,227,045 $1,020,055 Adjusted EBITDA margin 3.2% (8.7)% 8.1% 4.7%

Average revenue per user, or ARPU, is used to measure and track the average revenue generated by our customers on a monthly basis. ARPU is calculated as net service revenue for the period divided by the weighted average number of customers for the period being measured, further divided by the number of months in the period being measured. The weighted average number of customers is the sum of the average customers for each day during the period measured divided by the number of days in that period. ARPU helps us to evaluate customer performance based on customer revenue and forecast our future service revenues.

The following table illustrates the calculation of ARPU and reconciles ARPU to net service revenue which we consider to be the most directly comparable GAAP financial measure.

Three Months Ended Fiscal Year Ended (In thousands, except December 31, December 31, number of months and 2007 2006 2007 2006 ARPU) (Unaudited) (Unaudited) Net service revenue $293,581 $271,046 $1,227,045 $1,020,055 Divided by weighted average number of customers 4,858 4,078 4,864 3,957 Divided by number of months in the period 3 3 12 12 ARPU $20.14 $22.16 $21.02 $21.48

Cash cost per user, or CCPU, is used to measure and track our costs to provide support for our services to our existing customers on an average monthly basis. The costs included in this calculation are (i) cost of service (exclusive of depreciation and amortization), excluding cost of service associated with initial customer acquisition, (ii) general and administrative costs, excluding any marketing, selling, and distribution expenses associated with initial customer acquisition, non-cash compensation expense and Bluebottle USA Investments L.P. general and administrative expenses prior to the IPO, (iii) net loss on equipment sold to existing customers, (iv) cooperative advertising expenses in support of existing customers and (v) other (income) expense, excluding debt extinguishment costs and Bluebottle USA Investments L.P. These costs are divided by our weighted average number of customers for the period being measured, further divided by the number of months in the period being measured. CCPU helps us to assess our ongoing business operations on a per customer basis, and evaluate how changes in our business operations affect the support costs per customer. Given its use throughout the industry, CCPU also serves as a standard by which we compare our performance against that of other wireless communication companies.

The following table illustrates the calculation of CCPU and reconciles total costs used in the CCPU calculation to cost of service, which we consider to be the most directly comparable GAAP financial measure.

Three Months Ended Fiscal Year Ended December 31, December 31, (In thousands, except number of 2007 2006 2007 2006 months and CCPU) (Unaudited) (Unaudited) Cost of service (exclusive of depreciation and amortization) $76,224 $87,786 $349,555 $299,130 Less: Cost of service associated with initial customer acquisition (586) (954) (2,261) (1,968) Add: General and administrative expenses (excluding Bluebottle USA Investments L.P. expenses prior to the IPO(1)) 79,582 74,087 338,548 288,414 Less: Non-cash compensation expense (3,843) (253) (7,423) (2,563) Add: Net loss on equipment sold to existing customers 16,604 13,242 69,026 38,042 Add: Cooperative advertising expenses in support of existing customers 344 (576) 2,348 2,362 Add: Other (income) expense, net of debt extinguishment costs and Bluebottle USA Investments L.P. 146 424 (135) 799 Total CCPU costs $168,471 $173,756 $749,658 $624,216 Divided by weighted average number of customers 4,858 4,078 4,864 3,957 Divided by number of months in the period 3 3 12 12 CCPU $11.56 $14.20 $12.84 $13.15 (1) Bluebottle USA Investments L.P. expenses were: $0 and $277 for the three months and fiscal year ended December 31, 2007 respectively, and $145 and $232 for for the three months and fiscal year ended December 31, 2006, respectively.

Cost per gross addition, or CPGA, is used to measure the cost of acquiring a new customer. The costs included in this calculation are our (i) selling expenses, (ii) net loss on equipment sales (cost of equipment less net equipment revenue), excluding the net loss on equipment sold to existing customers, (iii) equity issued to a member, (iv) cooperative advertising in support of existing customers, and (v) cost of service associated with initial customer acquisition. These costs are divided by gross additions for the period being measured. CPGA helps us to assess the efficiency of our customer acquisition methods and evaluate our sales and distribution strategies. CPGA also allows us to compare our average acquisition costs to those of other wireless communications companies.

The following table illustrates the calculation of CPGA and reconciles the total costs used in the CPGA calculation to selling expense, which we consider to be the most directly comparable GAAP financial measure.

Three Months Ended Fiscal Year Ended December 31, December 31, 2007 2006 2007 2006 (In thousands, except CPGA) (Unaudited) (Unaudited) Selling expenses $31,994 $33,455 $107,883 $113,318 Add: Cost of equipment 133,106 130,093 425,263 378,981 Less: Net equipment revenue (32,948) (27,053) (85,890) (90,524) Less: Net loss on equipment sold to existing customers (16,604) (13,242) (69,026) (38,042) Less: Cooperative advertising in support of existing customers (344) 576 (2,348) (2,362) Add: Cost of service associated with initial customer acquisition 586 954 2,261 1,968 Total CPGA costs $115,790 $124,783 $378,143 $363,339 Divided by gross additions 958 1,294 3,385 3,014 CPGA $120.87 $96.43 $111.71 $120.55

Free cash flow is calculated as net cash provided by (used in) operating activities less capital expenditures. Free cash flow is a non-GAAP financial measure that indicates cash generated by our business after operating expenses and capital expenditures. We believe this measure helps to (i) evaluate our ability to satisfy our debt and meet other mandatory payment obligations, (ii) measure our ability to pursue growth opportunities, and (iii) determine the amount of potential cash which may potentially be available to stockholders in the form of stock repurchase and/or dividends. Given that our business is not capital intensive, we believe this measure to be of particular relevance and utility. We also use free cash flow internally for a variety of purposes, including managing our projected cash needs.

The following table illustrates the calculation of free cash flow and reconciles free cash flow to cash flow from operations which we consider to be the most directly comparable GAAP financial measure.

Three Months Ended Fiscal Year Ended December 31, December 31, 2007 2006 2007 2006 (In thousands) (Unaudited) (Unaudited) Calculation of free cash flow: Net cash provided by (used in) operating activities $12,862 $(27,655) $39,649 $(38,874) Less: Capital expenditures 9,299 12,046 28,443 34,453 Free cash flow $3,563 $(39,701) $11,206 $(73,327)

Pro Forma Earnings Per Share (Unaudited). Virgin Mobile USA is presenting its earnings per share on a pro forma basis to reflect its IPO, which took place in October 2007.

The calculation of pro forma basic and diluted earnings (loss) per share converts the historical weighted average number of units of limited liability company interests in Virgin Mobile USA, LLC outstanding as of January 1, 2007 to common stock based on a conversion rate used in the reorganization. Shares issued in the IPO are assumed to be outstanding for all periods presented.

Three Months Ended Year Ended December 31, December 31, 2007 2006 2007 2006 (Unaudited) (Unaudited) Net income (loss) $(14,713) $(44,908) $4,218 $(36,941) Weighted average shares outstanding - diluted 48,364 25,797 53,211 25,497 Adjustments for proforma weighted average shares: Increase in common shares outstanding if IPO occurred on January 1, 2006 4,370 26,800 21,146 26,800 Sprint ownership in Virgin Mobile USA, L.P. converted in shares of common stock (8,672) Proforma Weighted average shares outstanding - diluted 52,734 52,597 65,685 52,297 Earnings (loss) per share - diluted $(0.30) $(1.74) $0.08 $(1.45) Proforma earnings (loss) per share - diluted $(0.28) $(0.85) $0.06 $(0.71) (1) The calculation of basic and diluted earnings (loss) per share and pro forma diluted earnings (loss) per share converts the historical weighted average number of units of limited liability company interests in Virgin Mobile USA, LLC outstanding for the periods ended December 31, 2007 and 2006 to common stock based on a conversion rate used in the reorganization. In addition, the pro forma basic and diluted earnings (loss) per share reflects the shares issued in the IPO as if they were outstanding for all periods presented.

Photo: http://www.newscom.com/cgi-bin/prnh/20070613/VIRGINMOBILE
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Virgin Mobile USA, L.P.

CONTACT: Media, Jayne Wallace, +1-908-607-4014,
jayne.wallace@virginmobileusa.com, or Investors, Erica Bolton,
+1-908-607-4108, erica.bolton@virginmobileusa.com, both of Virgin Mobile USA

Web site: http://www.virginmobileusa.com/
http://investorrelations.virginmobileusa.com/

Northrop Grumman to Sell Electro-Optical Systems to L-3 Communications

LOS ANGELES, March 12 /PRNewswire-FirstCall/ -- Northrop Grumman Corporation has signed a definitive agreement to sell its Electro-Optical Systems business for $175 million in cash to L-3 Communications . Completion of the transaction, subject to customary conditions including Hart-Scott-Rodino approval, is expected in the second quarter of 2008. Electro-Optical Systems, a part of the company's Electronic Systems sector, produces night vision and applied optics products and had sales of approximately $190 million in 2007. Headquartered in Garland, Texas, Electro-Optical Systems has approximately 1,000 employees.

Northrop Grumman Corporation is a $32 billion global defense and technology company whose 120,000 employees provide innovative systems, products, and solutions in information and services, electronics, aerospace and shipbuilding to government and commercial customers worldwide.

Northrop Grumman Corporation

CONTACT: media, Dan McClain, +1-310-201-3335, dan.mcclain@ngc.com, or
investors, Denny McSweeny, +1-310-229-1311, denny.mcsweeny@ngc.com, both of
Northrop Grumman Corporation

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

EFJ, Inc. Appoints Robert Barnett to Board of DirectorsFormer Motorola CGISS President & CEO to Serve on Audit & Compensation Committees

IRVING, Texas, March 12 /PRNewswire-FirstCall/ -- EFJ, Inc. announced today that Robert L. Barnett has been appointed to its board of directors. Barnett has decades of expertise and management experience in the telecommunications industry, including leading the transition of Motorola's commercial, government and industrial solutions sector (CGISS) to leading-edge technology production and its substantial business restructuring, including acquisitions, divestures and outsourcing. Barnett will serve the audit and compensation committees on EFJ, Inc.'s board of directors.

"Robert has been involved in every major shift in the telecommunications industry for the past 30 years, including the transition of electromechnical to electronic switching, the migration of analog to digital, copper to fiber optics, and most recently the transition of wire line to wireless service," said Michael Jalbert, chairman and CEO of EFJ, Inc. "His experience with government and enterprise will prove invaluable as we look to expand our business into new federal agencies, and add more Department of Defense and Department of Homeland Security business.

Following his tenure as vice chairman at Ameritech, Barnett joined Motorola in 1995 and was president and CEO of the commercial, government and industrial solutions sector. He was promoted to executive vice president of Motorola in 2003 and held that role for two years. Currently, Barnett serves on the board of directors for three companies: the Central Vermont Public Service, where he chairs the compensation committee, USG Corp., where he chairs the audit committee, and Johnson Controls, where he serves on the audit committee.

According to Barnett, "This is an excellent time to join the board of EFJ, in light of the shift of the public safety market toward convergent telecommunications solutions that allow easy and cost-efficient access to mission-critical information. I'm looking forward to helping Mike Jalbert and his team with expanding EFJ's business and reputation across federal, state and local, and industrial markets."

About EFJ, Inc.

Headquartered in Irving, Texas, EFJ, Inc. focuses on innovating, developing and marketing the highest quality secure communications solutions to organizations whose mission is to protect and save lives. The Company's customers include first responders in public safety and public service, the federal government, and industrial organizations. The Company's products are marketed under the EFJohnson, 3e Technologies International, and Transcrypt International names. For more information, visit http://www.efji.com/.

EFJ, Inc.

CONTACT: investor relations, Sally L. Beerbower, +1-703-744-7800,
sally@qorvis.com, for EFJ, Inc.

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

Synopsys CFO Brian Beattie to Speak at Citi Small and Mid-Cap Conference

MOUNTAIN VIEW, Calif., March 12 /PRNewswire-FirstCall/ -- Synopsys, Inc. , a world leader in software and IP for semiconductor design and manufacturing, today announced that Brian Beattie, CFO, will speak at the Citi Small and Mid-Cap Conference in Las Vegas, Nevada.

This event will be broadcast live on the Internet via the Synopsys corporate website at http://www.synopsys.com/corporate/invest/invest.html on Tuesday, Mar. 18, 2008 at 8:45 a.m. PT (11:45 a.m. ET). To access the live webcast presentation, please go to the website at least 10 minutes early to register and to download any necessary audio software. The webcast replay of the presentation can be accessed at the Synopsys corporate website within approximately one hour following the conclusion of the live event.

About Synopsys

Synopsys, Inc. is a world leader in electronic design automation (EDA) software for semiconductor design. The Company delivers technology-leading system and semiconductor design and verification platforms, IC manufacturing and yield optimization solutions, semiconductor intellectual property and design services to the global electronics market. These solutions enable the development and production of complex integrated circuits and electronic systems. Through its comprehensive solutions, Synopsys addresses the key challenges designers and manufacturers face today, including power management, accelerated time to yield and system-to-silicon verification. Synopsys is headquartered in Mountain View, California, and has more than 60 offices located throughout North America, Europe, Japan and Asia. Visit Synopsys online at http://www.synopsys.com/.

Synopsys is a registered trademark of Synopsys, Inc. All other trademarks or registered trademarks mentioned in this release are the intellectual property of their respective owners.

Investor Contact: Roberta Reid Synopsys, Inc. (650) 584-1901

Synopsys, Inc.

CONTACT: Investors, Roberta Reid of Synopsys, Inc., +1-650-584-1901

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

Time Warner Telecom to Change Name to tw telecom July 1, 2008- Focuses brand on customer experience, service, integrity, flexibility, and team work- Combines close customer relationships with innovative network solutions

LITTLETON, Colo., March 12 /PRNewswire-FirstCall/ -- Time Warner Telecom Inc. , a leading provider of managed voice, Internet and data networking solutions for businesses locally and across the country, today announced that the company will change its name to tw telecom inc., effective July 1, 2008. In the interim, Time Warner Telecom will co-brand with the tw telecom name while completing necessary legal and regulatory requirements and marketing and communications activities.

(Logo: http://www.newscom.com/cgi-bin/prnh/20080312/LAW511LOGO)

"The time is right to focus our brand around the tw telecom name and a vision, a set of values and a brand promise that we have built over the past decade," said Larissa Herda, Time Warner Telecom's Chairman, President, and CEO. "Our new brand name is a key milestone in the evolution of our company, as we become the true choice for business communications services -- anywhere. tw telecom acknowledges our heritage and reinforces our commitment to delivering the finest customer experience in the industry, just as we always have.

"As tw telecom, we will stay close to our roots and continue our determination to care for our customers. This company-wide mantra has always been driven by an unfailing commitment and dedication to helping customers succeed.

"We have built a company that is unmatched in delivering a powerful combination of nation-wide network assets, innovative solutions, success-based growth strategies, strong financials and a focus on the customer. We leverage these strengths to benefit each one of our customers and to grow long-term shareholder value.

"tw telecom is familiar; it is stable; it is consistent; it is clear, concise and focused -- it is who we are," Herda said.

tw telecom has more commercial buildings directly connected to a fiber infrastructure than any other U.S. competitive telecom services provider.

"This gives us the ability to quickly and seamlessly deliver Ethernet and other next generation services to businesses that require more efficient network connectivity," Herda said. "This strategy has translated into double-digit growth rates for us over the past several years."

Time Warner Telecom reported 2007 revenue of $1.084 billion and modified EBITDA of $339 million. The company employs 2,859, as of Dec. 31, 2007.

Time Warner Telecom, delivers high-speed, high-capacity communications services at up to 10 Gbps to businesses, organizations, government entities, and carriers over its own national fiber infrastructure and IP backbone. Time Warner Telecom operates in 75 U.S. metropolitan areas.

Time Warner Telecom has been operating under a name licensing agreement with Time Warner Inc. that will expire June 30, 2008.

About Time Warner Telecom

Time Warner Telecom Inc., headquartered in Littleton, Colo., provides managed network services, specializing in Ethernet and transport data networking, Internet access, local and long distance voice, VoIP and security, to enterprise organizations and communications services companies throughout the U.S. As a leading provider of integrated and converged network solutions, Time Warner Telecom delivers customers overall economic value, quality, service, and improved business productivity. Please visit http://www.twtelecom.com/ for more information.

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20080312/LAW511LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Time Warner Telecom Inc.

CONTACT: Bob Meldrum, +1-303-566-1354, bob.meldrum@twtelecom.com, or
Patrick Mulcahy, +1-303-566-1470, patrick.mulcahy@twtelecom.com, both of Time
Warner Telecom Inc.

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

Westwood One, Inc. Reports Results for the Full-Year and Fourth Quarter 2007Revenue - $451.4 MillionAdjusted EBITDA - $97.4 MillionNet Income - $24.4 MillionEarnings per Share - $0.28

NEW YORK, March 12 /PRNewswire-FirstCall/ -- Westwood One, Inc. a provider of analog and digital content, including news, sports, weather, traffic, video news services and other information, to the radio, TV and on-line industries, today reported its operating results for the full year and fourth quarter ended December 31, 2007.

Revenue for 2007 decreased 11.9% to $451.4 million compared with $512.1 million in 2006. The decrease in revenue is primarily attributable to lower audience and inventory levels, a reduction in the size of our sales force and increased competition. For 2007, we experienced revenue declines in both the National and Local/regional areas of our business. In 2007, National revenue declined 11.1% and Local/regional revenue decreased 12.5%. National revenue in 2006 benefited from the Company's exclusive broadcast of the Winter Olympic games, excluding that non-recurring revenue from 2006's amounts, National revenue would have declined approximately 9% in 2007. The decrease in National revenue was principally attributable to a reduction in RADAR rated network inventory resulting from our affiliates experiencing audience declines, lower compliance by certain affiliated stations and planned reductions in affiliate compensation, and the cancellation of certain programs, partially offset by revenue generated from new program launches. The decrease in Local/regional revenue was principally related to a reduction in our sales force from 2006, a reduction in :10 second inventory units to sell and from increased competition from radio stations.

Adjusted EBITDA for 2007, defined as operating income plus depreciation and amortization, special charges, and non-cash stock-based compensation and goodwill impairment, was $97.4 million compared with $114.6 million in 2006, a decrease of $17.2 million, or 15.0%. The decrease was principally attributable to lower revenue, partially offset by a reduction in operating costs.

Westwood One's President and CEO, Tom Beusse, stated, "We completed the year poised to stem the decline in revenue and Adjusted EBITDA we have experienced over the last several years." Mr. Beusse added, "The recently completed long-term agreement with CBS and the capital infusion and commitment we just received from Gores will allow us to make targeted investments in our business which will fuel revenue growth in the second half of 2008 and beyond. These investments will put us in a position to compete more effectively in all our businesses, some of which are in growing segments of media."

Free cash flow, defined as net income plus depreciation and amortization, special charges, stock-based compensation, and amortization of deferred financing costs less capital expenditures, in 2007 decreased approximately $22.5 million to $53.1 million, or $0.61 per diluted share, compared with $75.5 million, or $0.88 per diluted share in 2006. Capital expenditures were approximately $5.9 million in both periods.

Operating income in 2007 was $63.3 million compared with an operating loss of $436.0 million in 2006. In 2006 the Company recognized a goodwill impairment charge of $515.9 million. 2006 operating income before the goodwill impairment charge was $79.9 million.

Interest expense in 2007 decreased $2.0 million, or 7.7%, to $23.6 million from $25.6 million in 2006, due to a reduction in debt levels, partially offset by an increase in interest rates.

Income tax expense increased $6.9 million to $15.7 million in 2007 from $8.8 million in 2006. The Company's effective income tax rate for 2007 was 39.2%.

Net income for the year was $24.4 million, or $0.28 per diluted common share, compared with a 2006 net loss of $469.5 million, or $5.46 per diluted common share.

Three Months Ended December 31, 2007

Revenue for the three months ended December 31, 2007 decreased $15.8 million, or 11.8%, to $118.3 million from $134.1 million in the same period of 2006. The decrease is principally attributable to reduced audience and inventory levels, a reduction in our sales force and increased competition. Revenue declined in the National and Local/regional areas of our business in the quarter. National revenue declined 6.3% and Local/regional revenue decreased 16.9%.

Adjusted EBITDA for the fourth quarter of 2007 was $27.2 million compared with $37.6 million in the fourth quarter of 2006. The decrease is principally attributable to lower revenue, partially offset by a reduction in operating costs.

Free cash flow for the 2007 fourth quarter was $14.1 million compared with $34.9 million in the comparable 2006 quarter, a decrease of $20.8 million. Capital expenditures for the fourth quarter of 2007 were $1.8 million compared with $0.6 million in 2006. The decrease in free cash flow is principally attributable to lower adjusted EBITDA, higher income tax expense, and higher capital expenditures.

Interest expense in the fourth quarter of 2007 decreased $0.6 million, or 9.1%, to $5.9 million from $6.5 million in the fourth quarter of 2006.

Income tax expense in the fourth quarter of 2007 increased $9.6 million to $5.8 million from $(3.7) million in the same period of 2006.

For the fourth quarter of 2007, net income was $8.3 million, or $0.10 per diluted share, compared with a net loss in the fourth quarter of 2006 of $488.6 million, or $5.68 per diluted share. The 2006 net loss was principally attributable to the goodwill impairment charge that was recorded in the fourth quarter of 2006.

2008 Outlook

The Company expects 2008 revenue to increase low single digits and Adjusted EBITDA to decrease 15% - 20% as a result of making strategic investments in our core business. These investments will focus on increasing the audience we deliver to our advertisers and expanding our program offerings. We will also improve and expand our sales force. While improving these core elements of our business, we will increase our efforts in developing content for use across all media platforms.

About Westwood One

Westwood One is a platform-agnostic content company providing over 150 news, sports, music, talk, entertainment programs, features and live events to numerous media partners. Through its subsidiaries, Metro Networks/Shadow Broadcast Services, Westwood One provides local content to the radio and TV industries and to the Web. This content includes news, sports, weather, traffic, video news services and other information. SmartRoute Systems manages traffic information centers for state and local departments of transportation, and markets traffic and travel content to wireless, Internet, in-vehicle navigation systems and voice portal customers. Westwood One serves more than 5,000 radio stations. For more information please visit http://www.westwoodone.com/.

Certain statements in this release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward- looking statements. The words or phrases "guidance," "expect," "anticipate," "estimates" and "forecast" and similar words or expressions are intended to identify such forward-looking statements. In addition any statements that refer to expectations or other characterizations of future events or circumstances are forward-looking statements. Various risks that could cause future results to differ from those expressed by the forward-looking statements included in this release include, but are not limited to: changes in economic conditions in the U.S. and in other countries in which Westwood One, Inc. currently does business (both generally and relative to the broadcasting industry); advertiser spending patterns, including the notion that orders are being placed in close proximity to air, limiting visibility of demand; changes in the level of competition for advertising dollars; technological changes and innovations; fluctuations in programming costs; shifts in population and other demographics; changes in labor conditions; and changes in governmental regulations and policies and actions of federal and state regulatory bodies. Other key risks are described in the Company's reports filed with the SEC, including the Company's annual report on Form 10-K. Except as otherwise stated in this news announcement, Westwood One, Inc. does not undertake any obligation to publicly update or revise any forward-looking statements because of new information, future events or otherwise.

WESTWOOD ONE, INC. SUPPLEMENTAL DISCLOSURES REGARDING NON-GAAP FINANCIAL INFORMATION Adjusted EBITDA

The following tables set forth the Company's Adjusted EBITDA for the three month period and year ended December 31, 2007 and 2006. The Company defines "Adjusted EBITDA" as operating income (loss) from its Statement of Operations adjusted to exclude the following items: depreciation and amortization, stock-based stock compensation, special charges and goodwill impairment. Adjusted EBITDA is not a performance measure calculated in accordance with Generally Accepted Accounting Principles ("GAAP").

Adjusted EBITDA is used by the Company to, among other things, evaluate its operating performance, forecast and plan for future periods, value prospective acquisitions, and as one of several components of incentive compensation targets for certain management personnel. This measure is an important indicator of the Company's operational strength and performance of its business because it provides a link between profitability and operating cash flow. The Company believes the presentation of this measure is relevant and useful for investors because it allows investors to view performance in a manner similar to the method used by the Company's management, helps improve their ability to understand the Company's operating performance and makes it easier to compare the Company's results with other companies that have different financing and capital structures or tax rates. In addition, this measure is also among the primary measures used externally by the Company's investors, analysts and peers in its industry for purposes of valuation and comparing the operating performance of the Company to other companies in its industry. Adjusted EBITDA is also used to determine compliance with its debt covenants.

Since Adjusted EBITDA is not a measure of performance calculated in accordance with GAAP, it should not be considered in isolation of, or as a substitute for, net income as an indicator of operating performance. Adjusted EBITDA as the Company calculates it, may not be comparable to similarly titled measures employed by other companies. In addition, this measure does not necessarily represent funds available for discretionary use, and is not necessarily a measure of the Company's ability to fund its cash needs. As Adjusted EBITDA excludes certain financial information compared with operating income, the most directly comparable GAAP financial measure, users of this financial information should consider the types of events and transactions which are excluded. As required by the SEC, the Company provides below a reconciliation of Adjusted EBITDA to operating income, the most directly comparable amount reported under GAAP.

(In millions) Three Months Ended Year Ended December 31, December 31, 2007 2006 2007 2006 Adjusted EBITDA $27.2 $37.6 $97.4 $114.6 Less: Depreciation and amortization 5.1 5.3 19.9 20.8 Stock-based compensation 1.8 2.7 9.6 12.3 Special charges 0.6 0.1 4.6 1.6 Goodwill impairment 0.0 515.9 0.0 515.9 Operating Income (Loss) $19.7 ($486.4) $63.3 ($436.0) Free Cash Flow

Free cash flow is defined by the Company as net income (loss) plus depreciation and amortization, stock-based compensation, special charges and goodwill impairment less capital expenditures. The Company uses free cash flow, among other measures, to evaluate its operating performance. Management believes free cash flow provides investors with an important perspective on the Company's cash available to service debt and the Company's ability to make strategic acquisitions and investments, maintain its capital assets, repurchase its common stock and fund ongoing operations. As a result, free cash flow is a significant measure of the Company's ability to generate long term value. The Company believes the presentation of free cash flow is relevant and useful for investors because it allows investors to view performance in a manner similar to the method used by management. In addition, free cash flow is also a primary measure used externally by the Company's investors, analysts and peers in its industry for purposes of valuation and comparing the operating performance of the Company to other companies in its industry. Free cash flow per fully diluted weighted average Common shares outstanding is defined by the Company as free cash flow divided by the fully diluted weighted average Common shares outstanding.

As free cash flow is not a measure of performance calculated in accordance with GAAP, free cash flow should not be considered in isolation of, or as a substitute for, net income as an indicator of operating performance or net cash provided by operating activities as a measure of liquidity. Free cash flow, as the Company calculates it, may not be comparable to similarly titled measures employed by other companies. In addition, free cash flow does not necessarily represent funds available for discretionary use and is not necessarily a measure of the Company's ability to fund its cash needs. In arriving at free cash flow, the Company adjusts net cash provided by operating activities to remove the impact of cash flow timing differences to arrive at a measure which the Company believes more accurately reflects funds available for discretionary use. Specifically, the Company adjusts net cash provided by operating activities (the most directly comparable GAAP financial measure) for capital expenditures, special charges, and deferred taxes, in addition to removing the impact of sources and or uses of cash resulting from changes in operating assets and liabilities. Accordingly, users of this financial information should consider the types of events and transactions which are not reflected. The Company provides below a reconciliation of free cash flow to the most directly comparable amount reported under GAAP, net cash provided by operating activities.

The following table presents a reconciliation of the Company's net cash provided by operating activities to free cash flow:

(In millions except per share amounts) Three Months Ended Year Ended December 31, December 31, 2007 2006 2007 2006 Net Cash Provided by Operating Activities $7.3 $42.1 $27.8 $104.3 Plus Changes in assets and liabilities 6.7 (22.7) 20.1 (45.0) Special charges 0.6 0.1 4.6 1.6 Deferred taxes 1.3 16.0 6.4 20.5 Less Capital expenditures (1.8) (0.6) (5.8) (5.9) Free Cash Flow $14.1 $34.9 $53.1 $75.5 Diluted weighted-average shares outstanding 86.4 86.0 86.4 86.0 Free Cash Flow per Share $0.16 $0.41 $0.61 $0.88 WESTWOOD ONE, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share amounts) Three Months Ended Year Ended December 31, December 31, 2007 2006 2007 2006 NET REVENUE $118,317 $134,112 $451,384 $512,085 Operating Costs 90,021 96,091 350,440 395,196 Depreciation and Amortization 5,100 5,332 19,840 20,756 Goodwill Impairment - 515,916 - 515,916 Corporate General and Administrative Expenses 2,853 3,056 13,171 14,618 Special Charges 601 110 4,626 1,579 98,575 620,505 388,077 948,065 OPERATING (LOSS) INCOME 19,742 (486,393) 63,307 (435,980) Interest Expense 5,887 6,473 23,626 25,590 Other Income (257) (537) (411) (926) (LOSS) INCOME BEFORE INCOME TAXES 14,112 (492,329) 40,092 (460,644) INCOME TAXES 5,807 (3,749) 15,724 8,809 NET (LOSS) INCOME $8,305 $(488,580) $24,368 $(469,453) EARNINGS PER SHARE, common only: BASIC $0.10 $(5.68) $0.28 $(5.46) DILUTED $0.10 $(5.68) $0.28 $(5.46) WEIGHTED AVERAGE SHARES OUTSTANDING: BASIC 86,142 85,967 86,112 86,013 DILUTED 86,440 85,967 86,426 86,013 WESTWOOD ONE, INC. CONSOLIDATED BALANCE SHEETS (In thousands, except per share amounts) December 31, December 31, 2007 2006 ASSETS CURRENT ASSETS: Cash and cash equivalents $6,187 $11,528 Accounts receivable, net of allowance for doubtful accounts of $3,602 (2007) and $4,387 (2006) 108,271 115,505 Warrants, current portion 9,706 9,706 Prepaid and other assets 13,990 12,483 Total Current Assets 138,154 149,222 PROPERTY AND EQUIPMENT, NET 33,012 37,353 GOODWILL 464,114 464,114 INTANGIBLE ASSETS, NET 3,443 4,225 OTHER ASSETS 31,034 41,787 TOTAL ASSETS $669,757 $696,701 LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $17,378 $35,425 Amounts payable to related parties 30,859 26,344 Deferred revenue 5,815 8,150 Income taxes payable 7,246 6,149 Accrued expenses and other liabilities 29,562 43,841 Total Current Liabilities 90,860 119,909 LONG-TERM DEBT 345,244 366,860 OTHER LIABILITIES 6,022 7,001 TOTAL LIABILITIES 442,126 493,770 COMMITMENTS AND CONTINGENCIES SHAREHOLDERS' EQUITY Preferred stock: authorized 10,000 shares, none outstanding - - Common stock, $.01 par value: authorized, 300,000 shares; issued and outstanding, 87,105 (2007) and 86,311 (2006) 872 860 Class B stock, $.01 par value: authorized, 3,000 shares; issued and outstanding, 292 (2007 and 2006) 3 3 Additional paid-in capital 290,786 291,851 Unrealized gain on available for sale securities 5,955 4,570 Accumulated deficit (69,985) (94,353) TOTAL SHAREHOLDERS' EQUITY 227,631 202,931 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $669,757 $696,701 WESTWOOD ONE, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands) Year Ended December 31, 2007 2006 CASH FLOW FROM OPERATING ACTIVITIES: Net income $24,368 $(469,453) Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 19,840 20,756 Goodwill Impairment - 515,916 Deferred taxes (6,480) (20,546) Non-cash stock compensation 9,606 12,269 Gain on sale of property - - Amortization of deferred financing costs and other 481 359 47,815 59,301 Changes in assets and liabilities: Accounts receivable 7,234 17,278 Prepaid and other assets (990) 6,367 Deferred revenue (2,335) (936) Income taxes payable and prepaid income taxes 1,097 (15,724) Accounts payable and accrued expenses and other liabilities (29,435) 32,813 Amounts payable to related parties 4,515 5,152 Net Cash Provided By Operating Activities 27,901 104,251 CASH FLOW FROM INVESTING ACTIVITIES: Capital expenditures (5,849) (5,880) Proceeds from sale of property - - Purchase of loan receivable - - Collection of loan receivable - 2,000 Acquisition of companies and other - 75 Net Cash Used In Investing Activities (5,849) (3,805) CASH FLOW FROM FINANCING ACTIVITIES: Issuance of common stock under equity based compensation plans - 392 Borrowings under bank and other long-term obligations - - Debt repayments and payments of capital lease obligations (25,730) (60,685) Dividend payments (1,663) (27,640) Repurchase of common stock - (11,044) Deferred financing costs - (352) Excess windfall tax benefits from stock option exercises - 12 Net Cash Used in Financing Activities (27,393) (99,317) NET INCREASE IN CASH AND CASH EQUIVALENTS (5,341) 1,129 CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 11,528 10,399 CASH AND CASH EQUIVALENTS AT END OF PERIOD $6,187 $11,528

Westwood One, Inc.

CONTACT: Gary Yusko of Westwood One, Inc., +1-212-373-5311

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

Siemens Power Transmission & Distribution Division Recognizes Maxwell Technologies as Global Supplier of the Year for 2007Award Recognizes Quality and Operational Performance in Delivery of CONDIS(R) Products

ROSSENS, Switzerland, March 12 /PRNewswire-FirstCall/ -- Maxwell Technologies SA, the Swiss subsidiary of Maxwell Technologies Inc. , has been honored as Supplier of the Year for the third time by Siemens Power Transmission & Distribution (PTD) High Voltage Circuit Breakers division (H3).

This award was created to recognize the supplier that best demonstrates ongoing commitments to lowering operational costs, innovation in product quality and delivery performance, technical support and manufacturing expertise. According to Siemens, factors that led to Maxwell's selection included its high ratings in technological innovation, supply capabilities, and overall quality in supplying CONDIS(R) high voltage capacitor products.

Alain Riedo, General Manager of Maxwell SA, said that the award, in addition to supporting the company's strategic goal of becoming a preferred high voltage capacitor supplier to prime contractors for electric utility infrastructure worldwide, represents another milestone in Maxwell's ongoing multi-disciplinary initiatives for organizational excellence.

"This award reflects the priority Maxwell places on quality, operational process control and customer service," said Riedo. "Meeting and exceeding the requirements of customers such as Siemens is the basis of our success. We look forward to our continued work with Siemens and building our leading position as a supplier to the global electric utility infrastructure industry."

The Siemens PTD H3 award is the latest recognition reinforcing Maxwell's ongoing quality initiatives and process control strategy, including the auto industry-specific ISO-TS certification for its ultracapacitor production facilities in Rossens, San Diego, California and a contract manufacturing facility in Shenzhen, China, as well as Qualified Manufacturers Listing (QML) Class "Q" and "V" certifications for microelectronics products manufactured in San Diego.

Maxwell is a leading developer and manufacturer of innovative, cost-effective energy storage and power delivery solutions. Our CONDIS(R) high-voltage grading and coupling capacitors help to ensure the safety and reliability of electric utility infrastructure and other applications involving transport, distribution and measurement of high-voltage electrical energy. Our BOOSTCAP(R) ultracapacitor cells and multi-cell modules provide safe and reliable power solutions for applications in consumer and industrial electronics, automotive, transportation and telecommunications. Our radiation-mitigated microelectronic products include power modules, memory modules and single board computers that incorporate powerful commercial silicon for superior performance and high reliability in aerospace applications. For more information, please visit our website: http://www.maxwell.com/.

Maxwell Technologies

CONTACT: Sales-Technical - Worldwide, Matthias Stammbach,
+ 41 (26) 411 8575, mstammbach@maxwell.com, or Media-Investor, Michael Sund,
+1-858-503-3233, msund@maxwell.com, both of Maxwell Technologies

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

NYC Department of Sanitation and Office to Combat Domestic Violence Join Verizon Wireless to Recycle Cell Phones to Aid SurvivorsResidents Urged to Recycle Old Cell Phones at Spring Electronics Recycling Events, First Collection at Union Square This Sunday

NEW YORK, March 12 /PRNewswire/ -- Sanitation Commissioner John J. Doherty today announced that the New York City Department of Sanitation's Bureau of Waste Prevention, Reuse and Recycling is teaming up with Verizon Wireless to collect old cell phones at its annual Electronics Recycling and Clothing Donation events this spring. Doherty is urging all New York City residents to donate their old, unused wireless phones to help survivors of domestic violence.

Phones collected at the recycling events will be donated to the Verizon Wireless HopeLine(R) program, which will refurbish, recycle or sell the phones and donate the proceeds to domestic violence advocacy groups in the form of cash grants and prepaid wireless phones for victims. Phones that cannot be refurbished are disposed of in an environmentally sound manner.

"Joining forces with Verizon Wireless' HopeLine program creates a win-win situation for the residents of New York City," said Doherty. "We're always interested in programs that encourage reusing items that otherwise might end up in the waste stream. When you donate your old phone to HopeLine, you'll not only give a product a second life -- you'll also give a family in need a second chance at life."

The City's first 2008 Spring Electronics Recycling and Clothing Donation Event will be held this Sunday, March 16, in lower Manhattan's Union Square from 8 a.m. to 2 p.m., rain or shine. Donations will be accepted at the North Plaza on the southeast corner of 17th Street and Broadway. Cars are asked to enter at 16th Street and Union Square West.

Similar events will be held throughout the City, from 8 a.m. to 2 p.m., rain or shine, on the following days:

-- The Bronx: Saturday and Sunday, April 5 and 6, at the Soundview Composting Site; Randall Avenue near Metcalf Avenue, close to the Bruckner Expressway. -- Staten Island: Saturday and Sunday, April 12 and 13, at the Fresh Kills Composting Site; 310 West Service Road, near exit 7 off Route 440. -- Queens: Saturday, May 3, at St. John's University Alumni Hall parking lot; corner of Utopia Parkway and Union Turnpike; cars enter at Gate 4 on Union Turnpike and 175th Street. -- Brooklyn: Sunday, May 18, at Prospect Park; Willink Drive, next to the Carousel near corner of Flatbush Avenue and Empire Blvd; cars enter at corner of Parkside and Ocean Avenue.

Verizon Wireless was the first wireless carrier in the nation to collect and recycle old cell phones and has done so since January 1999 -- first in New York and then across the U.S. To date, thanks to conscientious consumers, the company's national HopeLine program has:

-- Kept more than 200 tons of electronics waste and batteries out of landfills. -- Collected nearly 4.5 million wireless phones. -- Properly disposed of nearly 1 million wireless phones. -- Recycled more than 170,000 pounds of batteries in cooperation with Call2Recycle(TM)

"HopeLine was created more than 10 years ago as a means for Verizon Wireless to put its products and services to work to help survivors of domestic violence and help the environment at the same time," said Pat Devlin, president of Verizon Wireless' New York Metro Region. "More than $5 million in cash grants has been awarded to local shelters and groups working to fight family violence across the nation, and nearly 60,000 wireless phones with airtime have helped survivors rebuild their lives."

Locally, HopeLine's direct and in-kind donations total nearly $900,000 including more than $150,000 to the New York City Family Justice Center Initiative.

"Many of us take our cell phones for granted," said Commissioner Yolanda Jimenez of the Mayor's Office to Combat Domestic Violence. "But for a woman who is being abused or stalked, it is often her first line of defense."

In addition to the City's neighborhood recycling events, HopeLine phone donations are accepted year-round at all Verizon Wireless Communications Stores in New York City and across the nation. For store locations and additional information, visit http://www.verizonwireless.com/hopeline.

About Verizon Wireless

Verizon Wireless operates the nation's most reliable wireless voice and data network, serving 65.7 million customers. The largest U.S. wireless company and largest wireless data provider, based on revenues, Verizon Wireless is headquartered in Basking Ridge, NJ, with 69,000 employees nationwide. The company is a joint venture of Verizon Communications and Vodafone (NYSE and LSE: VOD). Find more information on the Web at 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.

About New York City's Department of Sanitation

Since 1881, when the New York City Department of Sanitation -- originally known as the Department of Street Cleaning -- was founded, waste collection and disposal have come virtually full circle. At the end of the 19th century, one of the Department's most prolific commissioners, Colonel George Waring, instituted efficiencies and waste reduction programs that foretold the programs of today -- including recycling, street sweeping and a dedicated uniformed cleaning and collection force. Today, the Department is the world's largest, collecting over 12,000 tons of residential and institutional refuse and recyclables a day. The City's businesses, whose waste is collected by private carting companies, generate another 13,000 tons of refuse each day. And under the leadership of Commissioner John J. Doherty, New York City's streets are cleaner today then they have been in over 30 years.

Verizon Wireless

CONTACT: David Samberg of Verizon Wireless, +1-845-365-7212,
david.samberg@verizonwireless.com; or Vito Turso, NYC Department of
Sanitation, +1-646-885-5020, vturso@dsny.nyc.gov

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

ActivIdentity to Exhibit Smart Employee ID Solution at Novell BrainShare 2008 Conference

FREMONT, Calif., March 12 /PRNewswire-FirstCall/ -- WHAT: ActivIdentity Corporation , a global leader in digital identity assurance, will be exhibiting its Smart Employee ID, the all in one smart identity card for building, workstation, and network access, at the Novell BrainShare 2008 Conference. In addition, the company will be exhibiting ActivIdentity strong authentication solutions combined with Novell SecureLogin SSO at the conference. Novell BrainShare 2008 is designed to help IT experts with tools and knowledge to manage, simplify, secure and integrate heterogeneous IT environments at a reduced investment cost.

(Logo: http://www.newscom.com/cgi-bin/prnh/20051108/SFTU161LOGO)

WHERE: Novell BrainShare 2008 will take place from March 16th through March 21st 2008 in the Salt Palace Convention Center at Salt Lake City, UT.

WHEN: Visit Booth #414 to see firsthand how ActivIdentity solutions work with your existing systems to deliver higher security, greater productivity and reduced costs. ActivIdentity will provide demonstrations of its Smart Employee ID and Strong Authentication for Novell SecureLogin SSO. For more information on the conference please visit the Novell BrainShare 2008 Web site at http://www.novell.com/brainshare/.

About ActivIdentity

ActivIdentity(R) Corporation provides identity solutions to secure the business of enterprise, government, healthcare, and financial services organizations worldwide. Trusted identity is the core of the ActivIdentity platform enabling security for data, networks, applications, passwords and credentials, web, email and documents, transactions as well as converged security.

ActivIdentity solutions support the convergence of physical and logical identity through strong authentication with smart card lifecycle management, adding enterprise single sign on, and data encryption and digital signature.

ActivIdentity customers experience multiple benefits including increased network security, protection against identity theft and online fraud, enhanced workforce productivity, business process efficiencies, and regulatory compliance.

For more information, visit http://www.actividentity.com/.

ActivIdentity and ActivCard are registered trademarks in the United States and/or other countries. All other trademarks are the property of their respective owners in the United States and/or other countries.

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20051108/SFTU161LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com ActivIdentity Corporation

CONTACT: Timothy Polakowski of McGrath-Power Public Relations,
+1-408-727-0351, timothyp@mcgrathpower.com, for ActivIdentity Corporation

Web site: http://www.actividentity.com/
http://www.novell.com/brainshare

MGM Grand at Foxwoods Chooses Bally's System TechnologiesMGM Grand Foxwoods is well positioned for Bally's server-gaming technologies now and in the future

LAS VEGAS, March 12 /PRNewswire-FirstCall/ -- Bally Technologies, Inc. , a leader in slots, video machines, casino management systems and networked solutions for the global gaming industry, announced today that the new MGM Grand at Foxwoods has selected a Bally slot management system, the Bally iVIEW(TM) Networked Floor of the Future solution, and Bally's Power Winners(TM) and Power Promotions(TM) bonusing technologies.

When the $700 million, 825-room MGM Grand at Foxwoods opens this May, the new casino floor will feature high-speed Ethernet capabilities, enabling the casino and Bally to offer the latest technologies for a fully networked casino floor. MGM Grand at Foxwoods, Connecticut's third largest casino resort, will have 1,500 slot machines.

"We chose Bally because we know their technology will handle the huge transactional volumes we experience," said Barry Cregan, Acting President of Foxwoods. "Even more important, Bally's Networked Floor of the Future product offerings, many of which are available today, will provide us with an array of next-generation technologies to take our state-of-the-art new casino to a whole new level."

Among the cutting-edge technologies that Bally will provide to MGM Grand at Foxwoods are its iVIEW interactive player distribution and marketing network capable of cross-promoting everything from gaming promotions to dining outlets and entertainment venues.

Bally will also offer its Power Winners solution to give players the ability to participate in floor-wide random progressive jackpots, along with Power Promotions, which enables "cashless" credits to the slot machine, converts player points to credits, converts promo dollars to credits, and allows credits to be cashable and non-cashable.

Bally's technology will also enable MGM Grand at Foxwoods to do cross-property ticketing -- the ability to issue and redeem tickets at any of Foxwoods six casinos.

"Bally Technologies is proud of this endorsement of our technologies for this lavish new resort," said Richard M. Haddrill, Bally Technologies President and Chief Executive Officer. "We look forward to rolling out iVIEW and other server-gaming technologies to give the new casino a competitive edge."

About Bally Technologies, Inc.

With a history dating back to 1932, Las Vegas-based Bally Technologies designs, manufactures, operates and distributes advanced gaming devices, systems and technology solutions worldwide. Bally's product line includes reel-spinning slot machines, video slots, wide-area progressives, and Class II, lottery and central determination games and platforms. As the world's No. 1 gaming systems company, Bally also offers an array of casino management, slot accounting, bonusing, cashless and table management solutions. The Company also owns and operates Rainbow Casino in Vicksburg, Miss. For more information, please contact Laura Olson-Reyes, Director of Corporate Communications, at 702-584-7742, or visit http://www.ballytech.com/.

About MGM Grand at Foxwoods

The highly anticipated MGM Grand at Foxwoods will feature 825 luxurious guest rooms, 115,000 square feet of meeting space, a 4,000-seat MGM Grand Theater, 21,000-square-foot spa, celebrity chef restaurants, high-end retail and a state-of-the-art casino when it debuts in May 2008. Adding another distinctive gaming and entertainment destination, the new MGM Grand at Foxwoods will be Connecticut's third largest resort casino, evocative of the Las Vegas landmark: grand in every sense; classically elegant and refreshingly one-of-a-kind. The must-see MGM Grand at Foxwoods will enjoy the same amenities as Foxwoods Resort Casino, including access to Lake of Isles(TM), featuring two, 18-hole championship golf courses designed by Rees Jones and a state-of-the-art Golf Academy. The property is easily accessible from Boston, New York, Hartford and Providence. For more information, call 1-866-MGM-0050 or visit http://www.mgmatfoxwoods.com/.

This news release may contain "forward-looking" statements within the meaning of the Securities Act of 1933, as amended, and is subject to the safe harbor created thereby. Such information involves important risks and uncertainties that could significantly affect the results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements. Future operating results may be adversely affected as a result of a number of risks that are detailed from time to time in the Company's filings with the Securities and Exchange Commission. The Company undertakes no obligation to update the information in this press release and represents that the information is only valid as of today's date.

Investor Contact: Robert Caller Media Contact: Laura Olson-Reyes (702) 584-7982 (702) 584-7742 rcaller@ballytech.com lolson-reyes@ballytech.com

Bally Technologies, Inc.

CONTACT: investors, Robert Caller, +1-702-584-7982,
rcaller@ballytech.com, or media, Laura Olson-Reyes, +1-702-584-7742,
lolson-reyes@ballytech.com, both of Bally Technologies, Inc.

Web site: http://www.ballytech.com/
http://www.mgmatfoxwoods.com/

Mega Media Group Expands Interactive and Mobile Business Through Affiliate Agreements With Apple i-Tunes and Spark Network Services

NEW YORK, March 12 /PRNewswire-FirstCall/ -- Mega Media Group, Inc., (BULLETIN BOARD: MMDA) (http://www.megamediagroup.com/) announced today the execution of an affiliate agreement with Apple i-Tunes that will allow visitors of http://www.pulse87.com/ to purchase music of the station's current play list through the i-Tunes on-line store. It also announced today the execution of an agreement with Spark Network Services, a provider of SMS and IVR mobile technology and Matchlink Web, a leading online fee based dating service. Pulse 87 New York's will use the SMS technology provided by Spark Network Services for both premium and free text messaging for contests, voting and interactive services between listeners and on-air hosts. The Matchlink Web platform will be integrated into the http://www.pulse87.com/ website.

Commenting on the announcement, Mega Media's CEO, Alex Shvarts, stated, "We are actively branching out beyond radio broadcasting into ancillary activities that allow us to use our core business as a platform for new businesses. Our participation in the i-Tunes affiliate program allows our listeners to instantly purchase music they hear on air through our website while generating passive income for Mega Media. Similarly, the SMS and interactive platform provided by Sparks Network Services gives us the opportunity to communicate more effectively with our listeners and customers, and allows us to enter into the growing and lucrative interactive mobile market."

About Mega Media Group

Mega Media Group, Inc. is a multimedia entertainment company with several subsidiaries that offer a broad range of services, including radio broadcasting via Pulse 87FM, a Rhythmic Top 40 Radio station serving the New York Tri-State Area, recording, digital editing, and music and video production and distribution.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about Mega Media Group's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from those contained in any forward-looking statements. All information provided in this press release is as of March 12th, 2008, and Mega Media Group undertakes no duty to update such information, except as required under applicable law.

PRESS INQUIRIES: Ronn Torossian, 212.999.5585, rtorossian@5wpr.com or IR@megamediagroup.com

Mega Media Group, Inc.

CONTACT: Ronn Torossian, +1-212-999-5585, rtorossian@5wpr.com,
IR@megamediagroup.com

Web site: http://www.megamediagroup.com/
http://www.pulse87.com/

Vista International Inc. Announces Waste to Energy Project in New York City

ENGLEWOOD, Colo., March 12 /PRNewswire-FirstCall/ -- Vista International Technologies, Inc. (OTC BB: VVIT), is pleased to give investors an update on a recent addition to its list of projects in the US. Liberty Ashes, Inc, a commercial waste hauler located in Elmont, New York has signed a letter of intent with Vista International, Inc., VVIT's parent company, for the construction of a waste-to-liquid fuel project in the New York City metropolitan area which would deploy VVIT's gasification technology. The joint venture project is to be located in Jamaica, Queens, at a permitted transfer station currently owned and operated by Liberty. Liberty would provide the site as well as municipal solid waste, up to 1000 tons per day, as feedstock.

Barry Kemble, CEO of Vista International Technologies Inc. commented, "This opportunity to showcase our gasification technology in a market such as New York City and work with a company like Liberty Ashes allows us to address serious waste disposal issues and will serve as a model for future projects in the area. It will utilize VVIT's Thermal Gasifier technology, and will demonstrate the technology's usefulness in dealing with the growing problem of overcrowded landfills."

Management also believes that the deployment of the company's technology in a major market such as New York City will properly demonstrate the technology's ability to decrease our dependence on fossil fuels by providing clean energy from municipal solid waste in an urban environment. This project is another way in which VVIT is "Reducing our carbon footprint, one step at a time."

ABOUT VISTA INTERNATIONAL TECHNOLOGIES

Vista International Technologies, Inc. is presently comprised of two divisions devoted to providing environmentally friendly technology solutions for businesses and communities. Our divisions are focused in the areas of Waste-to-Energy. For more information on our solutions, please visit us at http://www.viti.us.com/

"Reducing the carbon footprint, one step at a time."

Statements in this press release other than historical facts are 'forward-looking' statements within the meaning of section 27A of the Securities Act of 1933, section 21E of the Securities Exchange Act of 1934. Since these statements involve risks and uncertainties and are subject to change at any time, the Company's actual results could differ materially from expected results. Future operating results of the Company are impossible to predict and no representation, guaranty, or warranty is to be inferred from those forward-looking statements. Readers are advised to review the 'forward-looking statements' included in our reports which are filed with the Securities and Exchange Commission.

Vista International Technologies, Inc.

CONTACT: investors, Howard Gostfrand or David Sasso, both for Vista
International Technologies, Inc., +1-305-918-7000, info@amcapventures.com

Web site: http://www.viti.us.com/

ShoreTel Showcases Enhanced Unified Communications Capabilities at VoiceCon Orlando 2008Partners Praise Ease-of-Use, Manageability and Low Total Cost of Ownership of ShoreTel's Unique Distributed Architecture

SUNNYVALE, Calif., March 12 /PRNewswire-FirstCall/ -- ShoreTel(R), Inc. , the world's fastest growing provider of distributed unified communications solutions, will preview several exciting enhancements to the company's award-winning unified communications system during VoiceCon Orlando 2008 in booth 817. The must-see demos highlight enhanced capabilities for facilitating mobility, fostering collaboration, managing presence and enriching business communications through video. Of particular note, the company will showcase new video and instant messaging capabilities, mobile offerings, and contact center products.

ShoreTel will also host a partner pavilion in booth 717. Products in the pavilion integrate fully with the ShoreTel unified communications system, offering customers the latest in HD video, mobility, SIP and security from companies such as DiVitas Networks, Enterasys Networks, Ingate Systems, and LifeSize Communications.

During the show, ShoreTel's Jeff Ridley, director of product management, and Robert L. Blanton, senior sales engineer, will present on a number of topics, including unified communications best practices and standards for quality of service and ease of use.

"There is a reason why our customers are so loyal and excited about our ShoreTel solutions," said Steve Timmerman, vice president of marketing. "ShoreTel continues to raise the bar on ease of use, interoperability and, above all, customer and partner satisfaction. We know that in today's fast-paced, intensely competitive environment, it takes a highly reliable technology that also features the most advanced capabilities. The combined power of the unique ShoreTel distributed architecture and the collection of cutting-edge technologies offered through our partner ecosystem delivers just such a platform."

By offering extremely reliable and scalable solutions that are easy to use, ShoreTel enables businesses to seamlessly integrate communications with business processes, creating a more collaborative and productive enterprise. ShoreTel's distributed architecture extends enterprise-class voice services to every office and outpost, keeping employees fully connected wherever they go. The IP-based ShoreTel solution delivers immediate results and can be easily expanded and customized for industry-specific needs, whether in financial services, education, government, professional services, healthcare, retail, or manufacturing.

About ShoreTel, Inc.

ShoreTel, Inc., is a leading provider of Pure IP unified communications systems. ShoreTel enables companies of any size to seamlessly integrate all communications-voice, data, messaging-with their business processes. Independent of device or location, ShoreTel's distributed software architecture eliminates the traditional costs, complexity and reliability issues typically associated with other solutions. ShoreTel continues to deliver the highest levels of customer satisfaction, ease of use and manageability while driving down the overall total cost of ownership. ShoreTel is headquartered in Sunnyvale, California, and has regional offices in the United Kingdom, Sydney, Australia and Munich, Germany. For more information, visit http://www.shoretel.com/ or call 1-877-80SHORE.

Contacts: Kim Rose Elyce Ventura ShoreTel, Inc. Eastwick Communications 408-331-3357 312-505-9756 krose@shoretel.com elyce@eastwick.com

ShoreTel, Inc.

CONTACT: Kim Rose of ShoreTel, Inc., +1-408-331-3357,
krose@shoretel.com; or Elyce Ventura of Eastwick Communications,
+1-312-505-9756, elyce@eastwick.com, for ShoreTel, Inc.

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

Raytheon Unveils New Bunker-Busting Technology

TUCSON, Ariz., March 12, 2008 /PRNewswire/ -- Raytheon Company has developed and tested a new conventional warhead technology to defeat hardened and deeply buried bunkers. The new technology, called Tandem Warhead System, consists of a shaped-charge precursor warhead combined with a follow- through penetrator explosive charge.

(Photo: http://www.newscom.com/cgi-bin/prnh/20080312/NEW019 )

During a Jan. 31 test, the newly developed 1,000-pound-class warhead set a record when it punched through 19 feet, 3 inches of a 20-foot, 330-ton, steel rod-reinforced concrete block rated at 12,600 pounds per square inch compressive strength. In fewer than 10 milliseconds, the explosion delivered into the target more than 110 million foot-pounds of energy via a high- velocity jet of molten metal.

Raytheon's large shape-charged test was the first against a target built to withstand more than 10,000 psi. Most conventional weapons in the same weight class as Raytheon's precursor warhead cannot penetrate targets rated at more than 6,000 psi.

"Bunkers are getting harder and deeper, and high-value ones are extremely well protected," said Harry Schulte, Missile Systems' vice president, Strike product line. "The warfighter has a need for increased capabilities against this challenging target set, but because conventional warheads in the inventory can't meet this requirement, Raytheon self-funded the development of this new warhead."

According to Schulte, innovative engineering techniques enabled Raytheon's engineers to take the warhead from the drawing board to the proving grounds in fewer than nine months.

"Now that we've demonstrated it's possible to create a conventional warhead that weighs approximately 1,000 pounds and provides unmatched capability, we're looking at scaling the technology," Schulte said. "We believe we can place a warhead that uses this new technology on any strike weapon system in the inventory in 18 months or less."

Raytheon engineers believe Tandem Warhead System, which is lighter and more powerful than current conventional systems, is suited for weapons with long standoff range and greater survivability against enemy threats.

Raytheon Company, with 2007 sales of $21.3 billion, is a technology leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning more than 85 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems, as well as a broad range of mission support services. With headquarters in Waltham, Mass., Raytheon employs 72,000 people worldwide.

Contact: Mike Nachshen 520.269.5697 (mobile) Michael_Nachshen@raytheon.com

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20080312/NEW019
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Raytheon Company

CONTACT: Mike Nachshen of Raytheon Company, +1-520-269-5697 (mobile),
Michael_Nachshen@raytheon.com

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

Emaji Postpones Stockholders MeetingAnnual Meeting to be Rescheduled

ALISO VIEJO, Calif., March 12 /PRNewswire-FirstCall/ -- Emaji, Inc., a Delaware corporation (Pink Sheets: EMJI), announced today that it has postponed its annual stockholders meeting originally scheduled for Wednesday, March 12, 2008, at 10 a.m. A new date, time and location of the meeting will be announced at a later date.

About Emaji

Emaji is currently adopting a new business model which will focus on the technology sector.

Notes about forward-looking statements

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

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

Emaji, Inc.

CONTACT: Tim Jilbert, +1-949-766-6994, for Emaji, Inc.

TDS Announces First Quarter 2008 DividendDividend rate increases 5%

CHICAGO, March 12 /PRNewswire-FirstCall/ -- The board of directors of Telephone and Data Systems, Inc. , a leading provider of telecommunications services, has declared a first quarter 2008 dividend of $.1025 per Common Share, Special Common Share and Series A Common Share. Payment will be made on April 7, 2008 to shareholders of record on March 24, 2008.

TDS has paid cash dividends on its common stock since 1974. About TDS

TDS provides wireless, local and long-distance telephone, and broadband services to more than 7.3 million customers in 36 states through its business units, U.S. Cellular (wireless) and TDS Telecom (wireline). Founded in 1969 and headquartered in Chicago, TDS employed 11,800 people as of year end.

For more information about TDS and its subsidiaries, visit the Web sites at:

TDS: http://www.teldta.com/ TDS Telecom: http://www.tdstelecom.com/

USM: http://www.uscellular.com/

Telephone and Data Systems, Inc.

CONTACT: Julie D. Mathews, Manager, Investor Relations, Telephone and
Data Systems, Inc., +1-312-592-5341, julie.mathews@teldta.com

Web site: http://www.teldta.com/
http://www.tdstelecom.com/
http://www.uscellular.com/

Lockheed Martin Unit to Honor Superlative Employees in New Jersey, Kansas, Pennsylvania, and Virginia

CHERRY HILL, N.J., March 12 /PRNewswire/ -- Lockheed Martin selected 10 employees from its Advanced Technology Laboratories (ATL) to receive that unit's highest award for superior performance in management, technology leadership, inventiveness, and support. About four percent of the unit's 235 employees receive the honor annually.

Lockheed Martin ATL honored the following employees: -- Greg Barnett, Merchantville, N.J., for developing and integrating radio-frequency technologies for the U.S. Army Communications- Electronics Command. -- Rick Buskens, Robbinsville, N.J., for developing advanced software processes and technologies for Lockheed Martin and for work on brain- inspired computing for the Defense Advanced Research Projects Agency and the National Geospatial-Intelligence Agency. -- Jason Cohen, Voorhees, N.J., for developing and leading advance software programs for the U.S. government. -- Jon Darvill, Philadelphia, Pa., for developing and leading technology in brain-inspired computing for the Defense Advanced Research Projects Agency and the National Geospatial-Intelligence Agency. -- Harold Dick, Leavenworth, Kan., for shaping warfighter-specific design of advanced cognitive aids for the Defense Advanced Research Projects Agency and the U.S. Army. -- Rich Dickinson, Medford, N.J., for developing and implementing Intelligent Agent technology for the Defense Advanced Research Projects Agency and the U.S. Navy. -- Mike Junod, Bensalem, Pa., for managing multiple advanced software programs for the U.S. government. -- Brian Kettler, Arlington, Va., for integrating social science-based computational models into advanced decision aids for the Defense Advanced Research Projects Agency and the Department of Defense. -- Daniel Miksch, Turnersville, N.J., for outstanding performance as legal counsel. -- Susan Harkness Regli, Philadelphia, Pa., for outstanding technical development and leadership in user interfaces for the Office of Naval Research.

ATL will celebrate Honors Night at a black-tie dinner and dance with honorees and their companions on May 3, 2008, at the Adventure Aquarium, Camden, N.J. ATL's Lockheed Martin Senior Fellow Henry Mendenhall, Shamong, N.J., and Fellows Patrick Muckelbauer, Moorestown, N.J., and Carl Hein, Cherry Hill, N.J. also will attend.

ATL is an advanced computing, applied research and development asset of Lockheed Martin Corporation. It develops and applies advanced computing technologies for next-generation defense systems for Lockheed Martin, Department of Defense, and civil sector. Areas of interest include autonomous vehicles; network-centric operations; user-centered interfaces; dynamic, reconfigurable systems; and information exploitation. With its main office in Cherry Hill, N.J., ATL has sites in West Lake Village, Calif., Kennesaw, Ga., and Arlington, Va.

Headquartered in Bethesda, Md., Lockheed Martin employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation reported 2007 sales of $41.9 billion.

For additional information on Lockheed Martin Corporation, visit our website: http://www.lockheedmartin.com/.

Lockheed Martin

CONTACT: Stephen P. O'Neill of Lockheed Martin, +1-856-792-9815,
soneill@atl.lmco.com

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

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

EverQuest(R) Celebrates Nine Years of Online Gaming AdventuresGround Breaking Online PC Game Continues to Deliver Exciting Game Play Experience

SAN DIEGO, March 12 /PRNewswire/ -- Sony Online Entertainment LLC (SOE) is proud to celebrate the ninth anniversary of the launch of the ground-breaking MMORPG, EverQuest(R) this weekend. After its launch in 1999, EverQuest would prove to be a monumental entertainment property, spawning more than a dozen expansion packs, numerous cross-platform game properties and introducing millions of players to the virtual world of Norrath.

"It's a great feeling to know that after nearly a decade, and fourteen expansions, EverQuest still resonates so positively with people all over the world," said Clint Worley, Producer, Sony Online Entertainment. "Alongside its flourishing community, the in game world is still going strong and changing daily, further proving EverQuest is a living and breathing virtual world that will stay active into the foreseeable future."

In honor of the ninth anniversary, EverQuest is hosting a variety of in game and fabled events throughout the year, the first of which are connected to the Planes of Power. On March 16th, a scavenger hunt will start with the NPC Garin Tvalish in Plane of Tranquility in which Garin will give players a clue book and a bag. Players will then get to figure out which items from the Planes of Power expansion those clues refer to, and combine them together in the bag to receive an in game reward. Also kicking off March 16th is a month-long in game event linked to the divinities and servants of the Planes of Power. Players will also notice that the might has increased for their favorites, such as the Thunder Giant Hreidar Lynhiilig and Rallos Zek the Warlord, allowing them to challenge the current player base. The gods have also been updated with commensurate loot to properly reward adventurers who are willing to take them on.

For more information about anniversary events and special downloadable items, such as the EverQuest timeline poster, or to jump back into EverQuest log onto http://www.station.com/.

About Sony Online Entertainment

Sony Online Entertainment LLC (SOE) is a recognized worldwide leader in massively multiplayer online games, with hundreds of thousands of subscribers around the globe. SOE creates, develops and provides compelling entertainment for the personal computer, online, game console and wireless markets. Known for its blockbuster franchises and hit titles including EverQuest(R), EverQuest(R) II, Champions of Norrath(R), Untold Legends(TM), and PlanetSide(R), as well as for developing Star Wars Galaxies(TM), SOE continues to redefine the business of online gaming and the creation of active player communities while introducing new genres on various entertainment platforms. Headquartered in San Diego, CA, with additional development studios in Austin, TX, Seattle, WA, Denver, CO, Los Angeles, CA and Taiwan, SOE has an array of cutting-edge games in development.

SOE, the SOE logo, EverQuest and PlanetSide are registered trademarks of Sony Online Entertainment LLC. Untold Legends is a trademark of Sony Online Entertainment LLC. All other trademarks and trade names are properties of their respective owners.

Sony Online Entertainment LLC

CONTACT: Katie Hanson of Sony Online Entertainment, +1-858-577-3167,
khanson@soe.sony.com

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

Microsoft to Expand Investment in Desktop Virtualization With Acquisition of KidaroAddition to Microsoft Desktop Optimization Pack will provide IT professionals with capability for managing Virtual PCs across the enterprise.

REDMOND, Wash., March 12 /PRNewswire-FirstCall/ -- Microsoft Corp. today announced its intended acquisition of Kidaro, a leading provider of desktop virtualization solutions for enterprises. In combining Kidaro's virtualization technology with its suite of desktop management tools, known as the Microsoft Desktop Optimization Pack for Software Assurance, Microsoft will enable IT professionals to optimize their desktop infrastructure by providing management capabilities for Virtual PCs, streamlining deployments and easing application compatibility issues.

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

"The acquisition of Kidaro is an important component of our virtualization strategy, and it delivers a powerful new tool to help enterprise customers optimize their desktops," said Shanen Boettcher, general manager of Windows product management at Microsoft. "Virtual PCs can help businesses address a number of challenges around application compatibility, mobility and business continuity. Kidaro's seamless user interface and management capabilities allow enterprises to more easily use and manage Virtual PCs. Incorporating Kidaro's innovative solutions into the Microsoft Desktop Optimization Pack further enables virtualization across the enterprise, and is another example of how we are helping customers keep up with the changing needs of their business."

Turning Virtualization Into Tangible Benefits

Managing desktops across an enterprise can be time-consuming, complex and costly. Adding Kidaro's desktop virtualization capabilities to the Microsoft Desktop Optimization Pack suite will provide Microsoft Software Assurance customers who have purchased the add-on subscription with the enhanced ability to do the following:

-- Accelerate Windows Vista migrations by minimizing compatibility issues between applications and the operating system -- Easily deploy managed Virtual PCs to Windows desktops -- Drive business continuity by enabling rapid reconstitution of corporate desktops -- Minimize the tension between IT control and user flexibility by applying policies in locked-down corporate Virtual PCs while giving users more open access to the underlying host operating system -- Speed user adoption of desktop virtualization by making Virtual PCs "invisible" to end users -- Reduce IT investment in desktop image management by delivering virtual images independent of hardware or local desktop configuration

"Virtualization technology has tremendous potential to help companies reduce costs and increase control over their desktops, while simultaneously delivering benefits to end users," said Kevin Brown, chief executive officer of Kidaro. "By adding Kidaro's technology to Microsoft Desktop Optimization Pack, Microsoft can deliver sophisticated virtual desktop capabilities and management to a wide variety of enterprise customers."

Kidaro technologies will be incorporated into future updates of the Microsoft Desktop Optimization Pack for Software Assurance, which currently includes five key technologies that help enterprises manage their desktops:

-- Microsoft Application Virtualization -- Microsoft Asset Inventory Service -- Microsoft Advanced Group Policy Management -- Microsoft Diagnostics and Recovery Toolset -- Microsoft System Center Desktop Error Monitoring

More information about the acquisition of Kidaro and its role in Microsoft's virtualization strategy is available in the Windows Virtualization team blog at http://blogs.technet.com/virtualization/. More information about the Microsoft Desktop Optimization Pack is available at http://www.windowsvista.com/optimizeddesktop, and details about Microsoft's virtualization solutions are at http://www.microsoft.com/virtualization.

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

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

CONTACT: Julia Kelly-Echeverio of Waggener Edstrom Worldwide,
+1-503-443-7000, juliake@waggeneredstrom.com, or Rapid Response Team, Waggener
Edstrom Worldwide, +1-503-443-7070, rrt@waggeneredstrom.com

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

Actel's SVP Fares Mubarak Explains Why Power Matters at Semico Summit

SCOTTSDALE, Az., March 12 /PRNewswire-FirstCall/ -- Highlighting key issues facing designers of portable consumer products, Fares Mubarak, senior vice president for Actel Corporation, will participate in a consumer panel at Semico Summit, being held March 16 - 18 in Scottsdale, Arizona. Mubarak will discuss how today's converged consumer devices are forcing designers to examine power down to the last microwatt, significantly impacting power budgets and design requirements. With 99 cent, 5 microwatt programmable logic devices now available, Mubarak details the opportunities for their use and widespread adoption in the power-conscious, portable consumer market.

What: Consumer Panel When: Monday, March 17, 2008; 10:15 - 11:45 a.m. Where: Semico Summit; Camelback Inn Scottsdale, Arizona Panel Participants: Dr. Levy Gerzberg, Co-Founder, President and CEO, Zoran John Watson, Vice President and Founder, ElementCXI Fares Mubarak, Senior Vice President, Actel Bart Ladd, General Manager, NEC Electronics America About Semico Summit

The Semico Summit is an annual executive that is widely revered as the semiconductor event of the year. The Summit provides ample opportunities for interaction with top-level leaders in a casual setting, where the industry's best and brightest gather. Hot button issues are pressed with featured presentations delivered by internationally recognized leaders and followed by lively Q&A sessions.

About Actel

Attacking power consumption from both the chip and the system levels, Actel Corporation's innovative FPGAs and programmable system chip solutions enable power-efficient design. The company is traded on the NASDAQ National Market under the symbol ACTL and is headquartered at 2061 Stierlin Court, Mountain View, Calif., 94043-4655. For more information about Actel, visit http://www.actel.com/.

Actel Corporation

CONTACT: Stephanie Mrus of Actel Corporation, +1-650-318-4614,
Stephanie.mrus@actel.com; or Diane Orr of Orr & Company, +1-408-358-1617,
diane@orr-co.com, for Actel Corporation

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

Signature Devices, Inc. Receives Development Royalties From Major Publisher for First Person Shooter Arcade Game

REDWOOD CITY, Calif., March 12 /PRNewswire-FirstCall/ -- Signature Devices, Inc. (Pink Sheets: SDVI), is pleased to announce that the Company continues to receive royalty payments and recently received a third royalty payment. Signature Devices is receiving royalty payments of $100.00 per unit for each Standard or Deluxe cabinet which contains the Game and $50.00 per software upgrade kit for the development of Paradise Lost, a first person shooter arcade game. Signature Devices is currently signed with a major publisher of arcade style games and intends to continue signing with additional well-known publishers in 2008.

Paradise Lost is a unique first person shooter arcade game that provides seats for two players and a variety of weapons, including rockets and grenades, to help defeat evil forces. The game includes over 50 missions with each getting progressively more difficult, and replicated firearms that control player movement and mimic live fire. Paradise Lost is a game for all ages that boasts a 52" LCD monitor to track player movement across three tropical islands and through the jungle.

"We are excited about receiving more royalty checks on our first game to come out of our deal with a major publisher of arcade style video games. The Company believes this is the first of many royalties to come from other arcade style games that we are currently developing. We have negotiated the same or higher royalties on three other games that are nearing completion," stated Kenneth Hurley, CEO of Signature Devices, Inc. and Graffiti Entertainment, LLC.

About Signature Devices, Inc. and Graffiti Entertainment LLC:

Based in Redwood City, Calif., Signature Devices, Inc. creates, develops and manufactures advanced information technology, including computer systems, software and electronics products. One of the Company's premiere technologies includes a blend of hardware and software for image generation technology used in video games and simulations. Signature Devices also owns Graffiti Entertainment, LLC, (http://www.graffitientertainment.com/), a publisher of interactive entertainment software for advanced entertainment consoles.

The information in this press release includes certain "forward-looking" statements within the meaning of the Safe Harbor provisions of Federal Securities Laws. Investors are cautioned that such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date of this release, and the Company undertakes no obligation to update publicly any forward-looking statements to reflect new information, events, or circumstances after the date of this release except as required by law.

Contact: Investor Relations + 1-866-THE-APPL(E) For more information, please visit http://www.signaturedevices.com/.

Signature Devices, Inc.

CONTACT: Investor Relations of Signature Devices, Inc.,
+1-866-THE-APPL(E)

Web site: http://www.signaturedevices.com/
http://www.graffitientertainment.com/

TDS Founder LeRoy T. Carlson to Become Director EmeritusTDS board nominates Prudence E. Carlson to fill directorship

CHICAGO, March 12 /PRNewswire-FirstCall/ -- Telephone and Data Systems, Inc. today announced that the company's founder, chairman emeritus, and board member LeRoy (Roy) T. Carlson, will not seek reelection to the TDS board of directors at the company's 2008 annual meeting of shareholders on May 22, 2008. Accordingly, his term as director will expire at that time and he will become a director emeritus, a non-voting position. Mr. Carlson will remain a director of U.S. Cellular, TDS' publicly traded subsidiary.

"Roy Carlson's vision and passion for the business have been invaluable contributions to the company and to the board," said Walter Carlson, chairman of the TDS board. "We are delighted that, as director emeritus, he will continue to share his insights, which help us bring excellent communication services to the communities we serve."

"Roy Carlson's positive and thoughtful guidance while serving on the TDS board has shaped TDS immeasurably," said LeRoy T. Carlson, Jr., TDS President and CEO. "Roy's commitment to this company's future will have a lasting, positive impact on our business, our associates and employees, our customers, and the communities we serve. We appreciate his willingness to continue to serve as a director emeritus."

"My goal has always been to start and add to things in motion and then let our sterling team bring them to sustainable fruition," said Roy Carlson. "This is another step in that process."

Prudence E. Carlson nominated for director

The TDS board has nominated Prudence E. Carlson, 56, for election at the annual meeting to fill the directorship currently held by Mr. Carlson. Ms. Carlson's nomination will be voted upon by the holders of TDS Series A Common Shares and TDS Preferred Shares. Ms. Carlson is a significant shareholder of TDS. She received a bachelor of arts degree from Harvard University. Ms. Carlson is the daughter of LeRoy (Roy) T. Carlson and the sister of Walter Carlson, LeRoy T. Carlson, Jr., and Letitia G. Carlson, MD.

"I am honored to be nominated to serve on the board of TDS," said Ms. Carlson. "I look forward to contributing to this talented board and to the success of TDS."

About TDS

TDS provides wireless, local and long-distance telephone, and broadband services to more than 7.3 million customers in 36 states through its business units, U.S. Cellular (wireless) and TDS Telecom (wireline). Founded in 1969 and headquartered in Chicago, TDS employed 11,800 people as of year end.

For more information about TDS and its business units, visit our web sites:

TDS: http://www.teldta.com/ USM: http://www.uscellular.com/

TDS Telecom: http://www.tdstelecom.com/

Telephone and Data Systems, Inc.

CONTACT: Mark A. Steinkrauss, Vice President, Corporate Relations,
+1-312-592-5384, mark.steinkrauss@teldta.com, or Julie D. Mathews, Manager,
Investor Relations, +1-312-592-5341, julie.mathews@teldta.com, both of
Telephone and Data Systems, Inc.

Web site: http://www.teldta.com/
http://www.uscellular.com/
http://www.tdstelecom.com/

page 1     page 2     page 3     page 4     page 5    

News archive of November 2009
1  2  3  4  5  6  7  8  9  10  11  12  13  14  15  16  17  18  19  20  21  22  23  24  25  26  27  28  29  30