Companies news

Innotrac Announces Multi Year Agreement to Provide E-commerce Fulfillment Services for The North Face

ATLANTA, March 27 /PRNewswire-FirstCall/ -- Innotrac Corporation , today announced it has signed a multiyear agreement with The North Face, the world's premier supplier of authentic, innovative and technically advanced outdoor apparel, equipment and footwear, to provide product fulfillment services to support the expansion of their e-commerce initiative set to launch later this year.

"Innotrac's experience across a broad assortment of products including apparel, equipment, and footwear is impressive," said Lindsay Rice, Vice President of Retail, The North Face. "We have been pleased with Innotrac's willingness to work with The North Face and are thrilled to have their expertise, attention to detail, knowledge and quick follow-through for our product and gift card fulfillment needs."

"The North Face's decision to entrust Innotrac with their brand, a brand that stands for the highest quality, is a reflection of Innotrac's strong service reputation. Our ability to tailor our offerings to fulfill The North Face's specific needs is a testament to our infrastructure and the flexibility we've built throughout our national network," commented Scott Dorfman, President and Chief Executive Officer of Innotrac. "The addition of this new retail partner confirms and strengthens Innotrac's position as a leading fulfillment provider for e-commerce and retailers across the U.S."

About Innotrac

Innotrac Corporation , founded in 1984 and based in Atlanta, Georgia, is a full-service provider of customized order fulfillment and call center services. The Company operates fulfillment and call centers in Atlanta, Georgia; Reno, Nevada; Pueblo, Colorado; Chicago, Illinois; Hebron, Kentucky; and Columbus, Ohio. For more information about Innotrac, visit the Innotrac's website at http://www.innotrac.com/.

About The North Face(R)

The North Face, a division of VF Outdoor, Inc., was founded in 1968. Headquartered in San Leandro, California, the company offers the most technically advanced products in the market to accomplished climbers, mountaineers, snowsport athletes, endurance athletes, and explorers. The company's products are sold in specialty mountaineering, backpacking, running, and snowsport retailers, premium-sporting goods retailers and major outdoor specialty retail chains.

Information contained in this press release, other than historical information, may be considered forward-looking in nature. Forward-looking statements in this press release may include our expectations for future progress in our business and future generation of cash flows. Forward-looking statements are subject to various risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or expected. Among the key factors that may have a direct bearing on Innotrac's operating results, performance or financial condition are competition, the demand for Innotrac's services, Innotrac's ability to retain its current clients and attract new clients, realization of expected revenues from new clients, the state of the telecommunications and direct response industries in general, changing technologies, Innotrac's ability to maintain profit margins in the face of pricing pressures and numerous other factors discussed in Innotrac's 2006 Annual Report on Form 10-K and other filings on file with the Securities and Exchange Commission. Innotrac disclaims any intention or obligation to update or revise any forward-looking statement whether as a result of new information, future events or otherwise.

Innotrac Corporation

CONTACT: George Hare, Chief Financial Officer, Innotrac Corporation,
+1-678-584-4020, ghare@innotrac.com

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

AT&T Mobile TV - Coming to Your Wireless Phone in MayInnovative New Service to Broadcast on Two New AT&T Exclusive Handsets from LG and SamsungAT&T Will Feature Full-Length Television Content, including Two Exclusive Channels

SAN ANTONIO, March 27 /PRNewswire-FirstCall/ -- AT&T Inc. and MediaFLO USA Inc, a wholly owned subsidiary of Qualcomm Incorporated announced today the launch of AT&T Mobile TV with FLO, a mobile television service featuring high quality live programming. The mobile TV service will launch in May 2008 on two new exclusive handsets, the LG Vu(TM) and the Samsung Access(TM). AT&T Mobile TV will also feature two exclusive channels, which will be announced soon.

AT&T Mobile TV will deliver full-length television content and sporting events from top networks, including programming from leading entertainment brands CBS Mobile, Comedy Central, ESPN Mobile TV, FOX Mobile, MTV, NBC 2GO, NBC News2Go and Nickelodeon.

"AT&T Mobile TV is a powerful new mobile entertainment offering, which will give our customers a formidable lineup of sports, news and primetime shows, including two channels exclusive available to AT&T customers," said Mark Collins, vice president of Consumer Data for AT&T's wireless unit. "We are thrilled to team with MediaFLO USA to offer our customers an unmatched mobile entertainment experience that is changing the way we all look at TV."

"By making the FLO TV service available to AT&T customers, the nation's largest wireless carrier, MediaFLO USA continues to expand our award winning FLO TV service to consumers across the country," said Gina Lombardi, president of MediaFLO USA. "We look forward to working closely with AT&T to continue the momentum of making mobile TV a staple for more consumers."

The AT&T Mobile TV service will be launched on two stylish devices: the Vu from LG Electronics MobileComm U.S.A. Inc. (LG), and the Access from and Samsung Telecommunications America (Samsung).

-- LG Vu: A sleek and stunning device, the Vu gives you a clear view of TV, Web, pictures or videos on its large interactive touch screen. It also lets you get the utmost in mobile entertainment with a music player, 2.0 megapixel camera and Bluetooth(R) capabilities. -- Samsung Access: This stylish handset features a large landscape display, ideal for delivering a rich viewing experience and an internal antenna for exceptional reception. It's a great device for customers who are looking for advanced multimedia capabilities such as a camera, external stereo speakers, stereo Bluetooth, AT&T Music, CV, of course, AT&T Mobile TV.

More details on AT&T's soon-to-be-launched mobile TV service from MediaFLO USA and the company's exclusive handsets from LG and Samsung will be available soon. To learn more about AT&T's other mobile entertainment offerings, visit http://www.wireless.att.com/entertainment .

About AT&T

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

This AT&T news release and other announcements are available as part of an RSS feed at http://www.att.com/rss. For more information, please review this announcement in the AT&T newsroom at http://www.att.com/newsroom.

About MediaFLO USA Inc.

MediaFLO USA Inc. unleashes the power of TV for mobile consumers, combining the best content, an intuitive user interface and a superior multicast network to deliver a true TV experience. The award-winning FLO TV service from MediaFLO USA offers full-length simulcast and time-shifted programming from the world's best entertainment brands, including CBS, CBS College Sports, CBS News, Comedy Central, ESPN, FOX, FOX News, FOX Sports, MTV, NBC, NBC Sports, NBC News, CNBC, MSNBC, NickToons and Nickelodeon. Based in San Diego, Calif., MediaFLO USA is a wholly owned subsidiary of Qualcomm Incorporated. Further information is available at both http://www.mediaflousa.com/ and http://www.flotv.com/.

AT&T Inc.

CONTACT: Mark Siegel of AT&T Inc., +1-404-236-6312,
mark.a.siegel@att.com

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

General Motors Ranks as the Heaviest Online Advertiser Among Auto Manufacturers in January, According to comScore Ad MetrixGM Delivers 27 Percent More Display Ads than Toyota in Total, but Toyota Delivers 32 Percent More Ads per Person ReachedAuto Manufacturers Advertise Heavily on Portals and Auto Resource Sites

RESTON, Va., March 27 /PRNewswire-FirstCall/ -- comScore, Inc. , a leader in measuring the digital world, today released a study using data from the comScore Ad Metrix service that examines online advertising by auto manufacturers in January 2008. comScore Ad Metrix provides detailed reporting of the number and types of online display ads viewed by Internet users (from both the publisher and advertiser perspectives) for the U.S. market, with January marking the first public release of the advertiser- level data.

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

"The introduction of comScore Ad Metrix advertiser-level reporting represents a significant milestone for the online advertising industry," said Alistair Sutcliffe, vice president of comScore Advertising Solutions. "It is a major step towards greater media measurability and accountability and gives advertisers an in-depth view of who they're reaching with their online campaigns."

comScore Ad Metrix measures the number of times each advertisers' ads are viewed and where they are viewed, along with information on the demographics and online behavior of those Internet users being reached. comScore Ad Metrix also provides reach and frequency calculations, samples of the creative ad units delivered, and information on ad sizes.

GM Leads in Online Ads among Auto Manufacturers

General Motors was the top online advertiser among auto manufacturers in January, delivering nearly 1.7 billion total display ad views in the U.S., followed by Toyota (1.4 billion) and Ford Motor Company (1.1 billion). General Motors also led in reach, with approximately 103 million unique individuals receiving their display ads during the month, followed by Ford which reached 95 million people and Toyota which reached 62 million. But, both General Motors and Ford were outmuscled by Toyota in terms of ads delivered per person reached. Toyota delivered a frequency of 22 ads per person during the month, compared to 16 for General Motors and 11 for Ford.

Top Auto Manufacturer Online Advertisers by Total Display Ad Views January 2008 Total U.S. - Home/Work/University Locations Source: comScore Ad Metrix Advertiser Total Display Share of Ad-Exposed Average Ad Views (000) Voice* Unique Frequency Visitors (000) General Motors 1,687,065 32.8% 102,574 16.4 Toyota 1,356,782 26.4% 62,428 21.7 Ford Motor Company 1,075,831 20.9% 94,987 11.3 Honda 377,863 7.3% 57,923 6.5 Nissan 291,666 5.7% 31,262 9.3 Chrysler LLC 123,868 2.4% 22,142 5.6 Hyundai Motors Inc. 95,246 1.9% 16,723 5.7 Volkswagen 60,498 1.2% 7,126 8.5 Suzuki Motor Corporation 42,491 0.8% 5,389 2.8 Harley Davidson 35,287 0.7% 6,109 5.8 *Share of voice among Top 10 advertisers in the category

"GM has really led the auto industry in its use of online advertising," added Mr. Sutcliffe. "And, their recent announcement that half of their $3 billion annual advertising budget would be spent online in the coming years is likely to be a bellwether for many industries. Many traditional advertisers are beginning to understand that the Internet enables them to efficiently build their brands by achieving their demographic reach and frequency goals while at the same time reaching the most attractive, behaviorally-defined target segments. This is a winning recipe for achieving an attractive return on one's advertising investment."

Auto Manufacturers Advertise Heavily on Portals and Auto Resource Sites

The top publisher sites on which auto manufacturers advertise are primarily portals and auto resource sites. Yahoo! Sites (936 million display ad views) and Microsoft Sites (585 million display ad views) deliver the most total impressions for auto manufacturers, and both also deliver significant reach with these impressions.

Auto resource sites also factor prominently into auto manufacturers' online advertising strategies, with AutoTrader (114 million display ad views) and Edmunds.com (98 million display ad views) leading the way. Though these sites have a narrower reach than portals, they represent a desirable and highly targeted audience for auto manufacturers.

Top Properties where Auto Manufacturer Display Ads Appear January 2008 Total U.S. - Home/Work/University Locations Source: comScore Ad Metrix Property Total Display Share of Ad-Exposed Average Ad Views (000) Voice* Unique Frequency Visitors (000) Yahoo! Sites 935,550 18.0% 72,041 13.0 Microsoft Sites 584,889 11.2% 39,615 14.8 Fox Interactive Media 550,288 10.6% 41,660 13.2 AOL LLC 316,772 6.1% 33,808 9.4 AutoTrader 113,764 2.2% 3,698 30.8 Edmunds.com 97,579 1.9% 4,359 22.4 KBB.com 83,529 1.6% 4,669 17.9 eBay 80,918 1.6% 15,027 5.4 Time Warner - Excl. AOL 53,674 1.0% 8,855 6.1 Google Sites 50,306 1.0% 16,192 3.1

*Share of voice based on all publisher sites where Auto Manufacturer display ads appear

Toyota Scion xB Has Most Viewed Display Ad among Auto Manufacturers in January

comScore Ad Metrix also provides visibility into aspects of the display ads being viewed, including ad size and file type. The majority of the top 10 auto manufacturer display ads in January were for new model introductions, with the Toyota Scion xB 120 x 240 flash (swf) ad ranking atop the list with 12.6 percent of all display ad views in the category. Honda's "Battle of the Bands" ad ranked second with 2.9 percent, followed by a Chevy Malibu new model ad with a 2.4-percent share.

Top Online Display Ad (Creatives) among Auto Manufacturers January 2008 Total U.S. - Home/Work/University Locations Source: comScore Ad Metrix % of Total Display Ad Views among Strategy/ Ad Size Auto Company Make Model Promotion (Pixels) Type Manufacturers Toyota Scion xB New Model Promotion 120 X 240 swf 12.6% Honda Honda n/a Battle of the Bands 175 X 110 gif 2.9% General Motors Chevrolet Malibu New Model Promotion 350 X 200 swf 2.4% General Motors Saturn All All New Models Promotion 350 X 200 swf 2.2% General Motors Chevrolet Malibu New Model Promotion 728 X 90 swf 2.1% General Motors Chevrolet Malibu New Model Promotion 300 X 250 swf 2.0% General Motors Chevrolet Malibu New Model Promotion 300 X 250 swf 2.0% Toyota Toyota Sequoia New Model Promotion 300 X 250 swf 1.7% Toyota Toyota n/a Branding Logo 88 X 31 gif 1.5% Honda Acura n/a Certified Pre-Owned Vehicles 468 X 60 gif 1.3%

To request more information on comScore Ad Metrix, please visit: http://www.comscore.com/contact

About comScore

comScore, Inc. is a global leader in measuring the digital world. For more information, please visit http://www.comscore.com/boilerplate.

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

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

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

China 3C Group Files Annual Report on Form 10-K

Provides Clarification Related to 2008 Outlook

ZHEJIANG PROVINCE, China, March 27 /Xinhua-PRNewswire-FirstCall/ -- China 3C Group (BULLETIN BOARD: CHCG) , a rapidly growing retailer and distributor of consumer and business products in China, announced that the Company filed its Annual Report on Form 10-K with the SEC today. In the section of the Form 10-K entitled "Recent Developments", management provided additional insight into its 2008 financial forecast addressed on its earnings conference call that occurred March 16, 2008. This information includes the following:

-- Relative to the impact of snow storms in China on the Company's first quarter 2008 results, two points are to be clarified. First, while the snow storms had less impact in major cities like Shanghai, in other areas of the Company's operating region (Jiangsu, Anhui and Zhejiang provinces) snow storms had a much larger impact on transport systems that take people and products to stores. In addition to impacting traffic at stores where the Company has outlets, transportation impediments had a substantive impact on the ability of the Company to replenish products on the shelves. Because the Company operates on only several days of inventory, it is the belief of management that the supply chain interruptions resulted in a significant number of lost sales.

Additionally, the Company is providing additional disclosure related to why gross margin is expected to stabilize in the 13-14% range in 2008. These additional factors include:

-- The Company pays concession fees, or leasing fees, to its retail partners. These fees are typically passed on to the customers by being included in the price of goods sold. Approximately 50% of these concession agreements have fixed payments which are not tied to sales. As such, when sales per store decreases, as happened in the first quarter due to the snow storms, the leasing fees do not change which leads to decreased gross margin. -- The Company believes that the majority of the anticipated decrease in gross margin during 2008 will likely result from increased competition. The "Huadong" region where the Company operates has seen the growth of competitors who are increasingly utilizing the Company's successful "store-in-store" model. As a result, China 3C expects to conduct promotional campaigns in 2008 to maintain its competitive advantage.

These factors along with increased transportation costs as well as efforts by the government to control inflation which is expected to have a slight impact on consumer spending, are expected to result in a gross margin in the range of 13-14% for fiscal 2008.

While sales are expected to decrease in the first quarter by approximately 15%-20%, the Company believes it will be in a position for overall sales to increase in the mid-single digits for the remaining three quarters of the year. The lower year-over-year sales growth trends expected for 2Q08-4Q08 are primarily due to anticipated effects related to increased competition and a leveling of growth. These projections do not take into account any impact related to future acquisitions.

The Company believes that sales and margin trends can improve over time as it focuses its efforts on internal cost controls, improved logistics coordination, greater economies of scale, closure of underperforming store counters, expansion of well performing stores, adding new store counters in more productive locations, additional product introductions, new customer and supplier agreements, customer marketing and after sales support initiatives, acquisition opportunities and an increase in the overall managerial efficiency of the Company.

The Company currently has approximately $25 million of cash on its balance sheet, which it currently plans to use for consideration in connection with potential acquisitions.

About China 3C

China 3C Group is a leading retail chain operating approximately 908 retail outlets in Eastern China. The company specializes in selling 3C products (communication, information technology and digital) in China. Among China 3C's primary attributes is its efficient distribution network and rapid logistics system.

Forward-looking Statements

Certain of the statements set forth in this press release constitute "Forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. We have included and from time to time may make in our public filings, press releases or other public statements, certain forward-looking statements, including, without limitation, those under "Management's Discussion and Analysis of Financial Condition and Results of Operations" in Part II, Item 7. In some cases these statements are identifiable through the use of words such as "anticipate," "believe," "estimate," "expect," "intend," "plan," "project," "target," "can," "could," "may," "should," "will," "would" or words or expressions of similar meaning. You are cautioned not to place undue reliance on these forward- looking statements. In addition, our management may make forward-looking statements to analysts, investors, representatives of the media and others. These forward-looking statements are not historical facts and represent only our beliefs regarding future events, many of which, by their nature, are inherently uncertain and beyond our control. There can be no assurance that such forward-looking statements will prove to be accurate and China 3C Group undertakes no obligation to update any forward-looking statements or to announce revisions to any of the forward-looking statements.

China 3C Group

CONTACT: In the U.S.: Joe Levinson of China 3C Group at +1-646-884-0829;
or Bill Zima of ICR, Inc. at +1-203-682-8200; or In Asia: Dan Joseph of ICR,
Inc. at 86-21-6122-1077

Xyratex Ltd Announces Results for the First Quarter Fiscal Year 2008

HAVANT, England, March 27 /PRNewswire-FirstCall/ -- Xyratex Ltd , a leading provider of enterprise class data storage subsystems and storage process technology, today announced results for the first fiscal quarter ended February 29, 2008. Revenues for the first quarter were $217.1 million, a decrease of 8.2% compared to revenues of $236.4 million for the same period last year.

For the first quarter, GAAP net loss was $2.2 million, or $0.07 per diluted share, compared to GAAP net income of $10.1 million, or $0.34 per diluted share, in the same period last year. Non-GAAP net income decreased 94% to $0.7 million, or a diluted earnings per share of $0.03, compared to non- GAAP net income of $11.9 million, or $0.40 per diluted share, in the same quarter a year ago (1).

Gross profit margin in the first quarter was 15.1%, compared to 19.0% in the same period last year, primarily due to the decrease in Storage Infrastructure revenues.

Revenues from our Networked Storage Solutions products were $187.8 million as compared to $163.6 million in the same quarter a year ago, an increase of 14.8%. Gross profit margin in the Networked Storage Solutions business was 14.7% as compared to 13.6% a year ago. Revenues from our Storage Infrastructure products were $29.3 million as compared to $72.8 million in the same quarter a year ago, a decrease of 59.8%. Gross profit margin in the Storage Infrastructure business was 18.9% as compared to 31.6% a year ago.

"I was pleased with our first quarter results which were towards the top end of our expectations, which reflected the continued capital spending constraints in the Hard Drive Industry. As anticipated we are now seeing evidence of an increase in demand for capital equipment from our customers and I am encouraged with regard to the healthy fundamentals we see within the two markets we serve," said Steve Barber, CEO of Xyratex. "Though the global economic conditions remain uncertain, I believe the markets we serve will remain healthy and that our customers are well positioned within their respective markets. We will continue to work with our customers to make them more competitive in their respective markets and remain flexible in meeting their technology and product demands. We remain focused on executing as efficiently and effectively as possible in this uncertain economic environment."

The company today also announced that, effective immediately, Adam Wray has stepped down from his role as its Executive Vice President of the Storage Infrastructure Division and that Steve Barber will take a more active role in leading this division. "I would like to personally thank Adam for his contribution to the company and in his most recent role, for his dedication and leadership in developing the Storage Infrastructure business to where it is today. I wish Adam every success as he pursues other interests," said Steve Barber.

Business Highlights -- We announced a new High-Performance RAID Controller and Advanced Power Management Software for our High-Density RAID System. The Xyratex F6412E sets a new standard for performance and efficiency, delivering up to twice the performance (IOPS) of the previous generation controller while minimizing electronic waste through optimal battery design. In addition, the company's new Advanced Power Management software can save up to 40 percent in power dissipation by automatically spinning down disk drives when not needed. -- We announced that the Xyratex F5412E RAID system is certified for VMware ESX Server 3.5. The Xyratex F5412E 4Gb FC-SAS/SATA-II RAID product joins the company's F5402 system as products certified for use in VMware virtualization environments. -- We commenced installation of equipment as part of a major process automation project within a new production facility for a current Storage Infrastructure customer. -- We undertook significant steps to prepare our facilities in Sacramento and Seremban, Malaysia in anticipation of volume ramps as we move through the fiscal year. Business Outlook

The following statements are based on current expectations. These statements are forward-looking, and actual results may differ materially. These statements do not include the potential impact of any future acquisitions or divestitures.

-- Revenue in the second quarter of 2008 is projected to be in the range $232 to $252 million. -- Fully diluted earnings are anticipated to be between $(0.06) loss per share and $0.06 earnings per share on a GAAP basis in the second quarter. On a non-GAAP basis, fully diluted earnings per share are anticipated to be between $0.03 and $0.15. Non-GAAP earnings per share excludes non-cash equity compensation, amortization of intangible assets, certain non-recurring items and related taxation expense. Conference Call/Webcast Information

Xyratex quarterly results conference call will be broadcast live via the internet at http://www.xyratex.com/investors on Thursday, March 27, 2008 at 2:00 p.m. Pacific Time/5:00 p.m. Eastern Time. It can also be accessed by a conference call by dialing +1 (888) 679-8018 in the United States and +1 (617) 213-4845 outside of the United States, passcode 72136533. The press release will be posted to the company web site http://www.xyratex.com/.

A replay will be available through April 3, 2008 following the live call by dialing +1 (888) 286-8010 in the United States and +1 (617) 801-6888 outside the United States, replay code 42753368.

(1) Non-GAAP net income and diluted earnings per share excludes (a) amortization of intangible assets, (b) equity compensation expense, (c) specified non-recurring items, such as income from sale of a product line, (d) the related tax effects and (e) the effect of changes in exchange rates on the income tax expense. Reconciliation of non-GAAP net income and diluted earnings per share to GAAP net income (loss) and GAAP diluted earnings (loss) per share is included in a table immediately following the condensed consolidated statements of cash flow below.

The intention in providing these non-GAAP measures is to provide supplemental information regarding the company's operational performance while recognizing that they have material limitations and that they should only be referred to with reference to the corresponding GAAP measure.

The Company believes that the provision of these non-GAAP financial measures is useful to investors and investment analysts because it enables comparison to the Company's historical operating results, those of competitors and other industry participants and also provides transparency to the measures used by management in operational and financial decision making. In relation to the specific items excluded: (a) intangible assets represent costs incurred by the acquired business prior to acquisition, are not cash costs and will not be replaced when the assets are fully amortized and therefore the exclusion of these costs provides management and investors with better visibility of the costs required to generate revenue over time; (b) equity compensation expense is non-cash in nature, is outside the control of management during the period in which the expense is incurred and in addition has not been measured consistently as a result of the implementation of FAS123R; (c) the income from the sale of the product line is non-recurring and does not form part of the Company's core operations; (d) the exclusion of the related tax effects of excluding items (a) to (c) is necessary to show the effect on net income of the change in tax expense that would have been recorded if these items had not been incurred; (e) the effect of changes in exchange rates on deferred tax balances is non-cash and is not comparable across periods or with other companies.

Safe Harbor Statement

This press release contains forward-looking statements. These statements relate to future events or our future financial performance, including our projected revenue and fully diluted earnings per share data (on a GAAP and non-GAAP basis) for the second quarter. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from any future results, levels of activity, performance or achievements expressed or implied by these forward looking statements. Factors that might cause such a difference include our inability to compete successfully in the competitive and rapidly changing marketplace in which we operate, failure to retain key employees, cancellation or delay of projects and adverse general economic conditions in the United States and internationally. These risks and other factors include those listed under "Risk Factors" and elsewhere in our Annual Report on Form 20-F as filed with the Securities and Exchange Commission (File No. 000-50799). In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expects," "intends," "plans," "anticipates," "believes," "estimates," "predicts," "potential," "continue," or the negative of these terms or other comparable terminology. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements.

About Xyratex

Xyratex is a leading provider of enterprise class data storage subsystems and storage process technology. The company designs and manufactures enabling technology that provides OEM and disk drive manufacturer customers with data storage products to support high-performance storage and data communication networks. Xyratex has over 20 years of experience in research and development relating to disk drives, storage systems and high-speed communication protocols. Founded in 1994 in an MBO from IBM, and with headquarters in the UK, Xyratex has an established global base with R&D and operational facilities in Europe, the United States and Southeast Asia. For more information, visit http://www.xyratex.com/.

XYRATEX LTD UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS Three Months Ended, February 29, February 28, 2008 2007 (US dollars in thousands, except per share amounts) Revenues: Networked Storage Solutions $187,776 $163,616 Storage Infrastructure 29,278 72,791 Total revenues 217,054 236,407 Cost of revenues 184,283 191,372 Gross profit: Networked Storage Solutions 27,599 22,286 Storage Infrastructure 5,526 22,994 Equity compensation (354) (245) Total gross profit 32,771 45,035 Operating expenses: Research and development 19,279 18,794 Selling, general and administrative 14,979 14,800 Amortization of intangible assets 1,379 1,651 Total operating expenses 35,637 35,245 Operating income (loss) (2,866) 9,790 Other income - 890 Interest income, net 899 655 Income (loss) before income taxes (1,967) 11,335 Provision (benefit) for income taxes 252 1,221 Net income (loss) $(2,219) $10,114 Net earnings (loss) per share: Basic $(0.08) $0.35 Diluted $(0.07) $0.34 Weighted average common shares (in thousands), used in computing net earnings (loss) per share: Basic 29,125 28,847 Diluted 29,738 29,699 XYRATEX LTD UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS February 29, November 30, 2008 2007 (US dollars and amounts in thousands) ASSETS Current assets: Cash and cash equivalents $57,866 $70,678 Accounts receivable, net 101,544 122,327 Inventories 113,131 91,662 Prepaid expenses 3,934 2,994 Deferred income taxes 2,926 3,000 Other current assets 6,281 8,275 Total current assets 285,682 298,936 Property, plant and equipment, net 37,952 37,421 Intangible assets, net 54,282 54,175 Deferred income taxes 18,953 19,743 Total assets $396,869 $410,275 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Accounts payable $92,747 $96,046 Employee compensation and benefits payable 11,385 13,280 Deferred revenue 8,194 15,212 Income taxes payable 1,537 1,165 Other accrued liabilities 12,907 11,311 Total current liabilities 126,770 137,014 Long-term debt - - Total liabilities 126,770 137,014 Shareholders' equity Common shares of Xyratex Ltd (in thousands), par value $0.01 per share 70,000 authorized, 29,214 and 29,117 issued and outstanding 292 291 Additional paid-in capital 359,099 356,268 Accumulated other comprehensive income 688 1,847 Accumulated deficit (89,980) (85,145) Total shareholders' equity 270,099 273,261 Total liabilities and shareholders' equity $396,869 $410,275 XYRATEX LTD UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS Three Months Ended February 29, February 28, 2008 2007 (US dollars in thousands) Cash flows from operating activities: Net income (loss) $(2,219) $10,114 Adjustments to reconcile net income (loss) to net cash provided by operating activities: Depreciation 3,485 3,037 Amortization of intangible assets 1,379 1,651 Non-cash equity compensation 2,200 1,660 Changes in assets and liabilities, net of impact of acquisitions and divestitures Accounts receivable 20,783 (6,996) Inventories (21,469) 6,443 Prepaid expenses and other current assets (602) (2,995) Accounts payable (3,299) 3,451 Employee compensation and benefits payable (1,895) (5,306) Deferred revenue (7,018) (3,458) Income taxes payable 372 558 Deferred income taxes (125) 608 Other accrued liabilities 1,596 (502) Net cash provided by/(used in) operating activities (6,812) 8,265 Cash flows from investing activities: Investments in property, plant and equipment (4,016) (3,642) Acquisition of intangible assets - (4,790) Acquisition of business, net of cash received - (1,661) Net cash used in investing activities (4,016) (10,093) Cash flows from financing activities: Payments of long-term borrowings - (1,000) Repurchases of common shares (2,618) - Proceeds from issuance of shares 634 502 Net cash used in financing activities (1,984) (498) Change in cash and cash equivalents (12,812) (2,326) Cash and cash equivalents at beginning of period 70,678 56,921 Cash and cash equivalents at end of period $57,866 $54,595 XYRATEX LTD SUPPLEMENTAL INFORMATION Summary Reconciliation Of GAAP Net Three Months Ended Income (Loss) To Non-GAAP Net February 29, February 28, Income 2008 2007 (US dollars in thousands, except per share amounts) GAAP net income (loss) ($2,219) $10,114 Amortization of intangible assets 1,379 1,651 Equity compensation 2,200 1,660 Other income - (890) Tax effect of non-GAAP adjustments (1,073) (674) Effect on deferred tax of changes to UK exchange rates 462 - Non-GAAP net income $749 $11,861 Summary Reconciliation Of Diluted GAAP Earnings (Loss) Per Share To Diluted Non-GAAP Earnings Per Share Diluted GAAP earnings (loss) per share ($0.07) $0.34 Amortization of intangible assets 0.05 0.06 Equity compensation 0.07 0.05 Other income - (0.03) Tax effect of non-GAAP adjustments (0.04) (0.02) Effect on deferred tax of changes to UK exchange rates 0.02 - Diluted non-GAAP earnings per share $0.03 $0.40 Summary Of Equity Compensation Cost of revenues $354 $245 Research and development 708 491 Selling, general and administrative 1,138 924 Total equity compensation $2,200 $1,660

Xyratex Ltd

CONTACT: Brad Driver of Xyratex, +1-408-325-7260,
bdriver@us.xyratex.com

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

TIBCO Software Reports Record First Quarter Financial ResultsTotal Revenue Up 17% Year over Year

PALO ALTO, Calif., March 27 /PRNewswire-FirstCall/ -- TIBCO Software Inc. today announced record results for its first quarter, which ended on March 2, 2008.

Total revenue for the first quarter of fiscal 2008 was $146.6 million and net income was $5.5 million, or $0.03 per diluted share. This compares to total revenue of $125.7 million and net income of $10.4 million, or $0.05 per diluted share, as reported for the first quarter of fiscal 2007. Cash flow from operations was $60.2 million in the quarter compared with $42 million in the first quarter a year ago. This quarter's performance included results from Spotfire, Inc., which was acquired in the third quarter of fiscal 2007. Overall, TIBCO's results for total revenue, operating margin and earnings per share were at the upper end of or exceeded previously provided guidance.

On a non-GAAP basis, net income for the first quarter of fiscal 2008 was $14.1 million or $0.07 per diluted share, compared with $15.2 million or $0.07 per diluted share for the first quarter of fiscal 2007. Non-GAAP operating income for the first quarter of fiscal 2008 was $18.9 million, resulting in a non-GAAP operating margin of 13%. This compares to non-GAAP operating income of $19.4 million, resulting in a non-GAAP operating margin of 15% in the first quarter of fiscal 2007. Non-GAAP results exclude stock-based compensation expense and amortization of acquired intangible assets, and assume a non-GAAP effective tax rate of 34% for fiscal 2008 and 37% for fiscal 2007.

"TIBCO delivered a healthy start to our fiscal year with our Q1 results," said Vivek Ranadive, TIBCO's chairman and chief executive officer. "Our innovative technology offerings are seeing increased demand, especially in light of the growing adoption of SOA and infrastructure software."

First Quarter Fiscal 2008 Highlights -- Total revenue rose 17% year over year to $146.6 million. -- License revenue rose 11% year over year to $57.8 million. -- Services and maintenance revenue rose 21% year over year to $88.8 million. -- Cash flow from operations rose 43% from a year ago to $60.2 million. -- Total deferred revenue rose 41% from a year ago to $149.4 million. -- The number of license deals over $100,000 rose 16% from a year ago to 87, with 14 deals over $1 million. -- TIBCO expanded its business with leading companies in Q1 such as AT&T Mobility, Alberta Electric Systems Operator, Deutsche Bank AG, Emirates Bank, Fannie Mae, Infinity Property & Casualty Co., Kuwait Middle East Financial Investment Company, LexisNexis, Live Nation, National Australia Bank, Pioneer Investments and Reliance Communications. Conference Call Details

TIBCO has scheduled a conference call for 4:30 pm ET / 1:30 pm PT today to discuss its first quarter results.

The conference call will be hosted by Thomson Financial and may be accessed over the internet at http://www.tibco.com/ or via dial-in at (877) 719-9799 or (719) 325-4824. Please join the conference call at least 10 minutes early to register. A replay of the conference call will be available until midnight on April 27, 2008 at http://www.tibco.com/ or via dial-in at (888) 203-1112 or (719) 457-0820. The pass code for both the call and the replay is 4035043.

About TIBCO

TIBCO digitized Wall Street in the '80s with its event-driven "Information Bus" software, which helped make real-time business a strategic differentiator in the '90s. Today, TIBCO's infrastructure software gives customers the ability to constantly innovate by connecting applications and data in a service-oriented architecture, streamlining activities through business process management, and giving people the information and intelligence tools they need to make faster and smarter decisions, what we call The Power of Now. TIBCO serves more than 3,000 customers around the world with offices in 40 countries and an ecosystem of over 200 partners. Learn more at http://www.tibco.com/.

TIBCO, The Power of Now, Spotfire and TIBCO Software are trademarks or registered trademarks of TIBCO Software Inc. in the United States and/or other countries. All other product and company names and marks mentioned in this document are the property of their respective owners and are mentioned for identification purposes only.

About Non-GAAP Financial Information

This press release includes non-GAAP financial measures. For a description of these non-GAAP financial measures, including the reasons management uses each measure, and reconciliations of these non-GAAP financial measures to the most directly comparable financial measures prepared in accordance with Generally Accepted Accounting Principles (GAAP), please see the section entitled "About Non-GAAP Financial Measures" and the accompanying table entitled "Reconciliation of GAAP to Non-GAAP Measures."

Legal Notice Regarding Forward-Looking Statements

This release contains forward-looking statements within the meaning of the "safe harbor" provisions of the federal securities laws. The final financial results for first quarter of fiscal year 2008 may differ materially from the preliminary results presented in this release due to factors that include, but are not limited to, risks associated with the final review of the results and preparation of financial statements. In addition, forward-looking statements such as statements regarding the future strength of the market opportunity for infrastructure software and TIBCO's ability to capitalize on such opportunity are subject to risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. These risks include but are not limited to: adverse changes in general economic or market conditions resulting in delays or reductions in information technology spending; successful execution of TIBCO's business plans; and competitive factors, including but not limited to pricing pressures, industry consolidation and new product introductions. Additional information regarding potential risks is provided in TIBCO's filings with the SEC, including its most recent Annual Report on Form 10-K for the year ended November 30, 2007. TIBCO assumes no obligation to update the forward-looking statements included in this release.

TIBCO Software Inc. Condensed Consolidated Balance Sheets (unaudited) (in thousands) March 2, November 30, 2008 2007 ASSETS Current assets: Cash and cash equivalents $203,242 $170,237 Short-term investments 83,222 95,534 Accounts receivable, net 113,580 161,730 Prepaid expenses and other current assets 49,039 53,540 Total current assets 449,083 481,041 Property and equipment, net 109,629 111,390 Goodwill 409,635 412,256 Acquired intangible assets, net 104,151 110,930 Long-term deferred income tax assets 40,805 35,307 Other assets 46,023 47,535 Total assets $1,159,326 $1,198,459 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $8,299 $12,076 Accrued liabilities 75,662 95,526 Accrued excess facilities costs 4,927 5,421 Deferred revenue 138,018 127,200 Current portion of long-term debt 1,951 1,924 Total current liabilities 228,857 242,147 Accrued excess facilities costs, less current portion 9,557 10,811 Long-term deferred revenue 11,374 14,319 Long-term deferred income tax liabilities 18,107 25,821 Long-term income tax liabilities 11,843 - Long-term debt, less current portion 44,060 44,558 Other long-term liabilities 4,756 5,006 Total long-term liabilities 99,697 100,515 Total liabilities 328,554 342,662 Minority interest 407 401 Total stockholders' equity 830,365 855,396 Total liabilities and stockholders' equity $1,159,326 $1,198,459 TIBCO Software Inc. Condensed Consolidated Statements of Operations (unaudited) (in thousands, except net income per share) Three Months Ended March 2, March 4, 2008 2007 Revenue: License revenue $57,753 $52,185 Service and maintenance revenue: Service and maintenance 86,858 71,939 Reimbursable expenses 1,967 1,530 Total service and maintenance revenue 88,825 73,469 Total revenue 146,578 125,654 Cost of revenue: License 7,280 4,071 Service and maintenance 35,770 30,828 Total cost of revenue 43,050 34,899 Gross Profit 103,528 90,755 Operating expenses: Research and development 25,454 21,015 Sales and marketing 54,388 42,949 General and administrative 13,798 12,752 Amortization of acquired intangible assets 4,140 2,470 Total operating expenses 97,780 79,186 Income from operations 5,748 11,569 Interest income 3,258 6,390 Interest expense (842) (368) Other income (expense), net 238 (1,265) Income before provision for income taxes and minority interest 8,402 16,326 Provision for income taxes 2,833 5,923 Minority interest, net of tax 55 12 Net income $5,514 $10,391 Net income per share: Basic $0.03 $0.05 Diluted $0.03 $0.05 Shares used to compute net income per share: Basic 186,315 208,398 Diluted 190,064 216,306 TIBCO Software Inc. Condensed Consolidated Statements of Cash Flows (unaudited) (in thousands) Three Months Ended March 2, March 4, 2008 2007 Cash flows from operating activities: Net income $5,514 $10,391 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation of property and equipment 4,015 4,080 Amortization of acquired intangible assets 7,957 3,872 Stock-based compensation 5,150 3,936 Deferred income tax (5,368) (588) Tax benefits related to stock benefit plans 3,887 1,991 Excess tax benefits from stock-based compensation (3,801) (2,561) Minority interest, net of tax 55 12 Other non-cash adjustments, net 67 (76) Changes in assets and liabilities: Accounts receivable 47,491 46,844 Prepaid expenses and other assets 1,096 558 Accounts payable (3,778) (1,700) Accrued liabilities and excess facilities costs (9,776) (24,759) Deferred revenue 7,666 (48) Net cash provided by operating activities 60,175 41,952 Cash flows from investing activities: Purchases of short-term investments (34,999) (70,900) Maturities and sales of short-term investments 48,264 51,477 Purchases of private equity investments (9) (20) Proceeds from private equity investments 222 - Purchases of property and equipment (2,256) (2,607) Restricted cash pledged as security (124) (725) Net cash provided by (used for) investing activities 11,098 (22,775) Cash flows from financing activities: Proceeds from issuance of common stock 3,464 9,428 Repurchases of the Company's common stock (45,271) (41,814) Excess tax benefits from stock-based compensation 3,801 2,561 Principal payments on long-term debt (471) (620) Proceeds from minority investors - 189 Net cash used for financing activities (38,477) (30,256) Effect of foreign exchange rate changes on cash and cash equivalents 209 (682) Net change in cash and cash equivalents 33,005 (11,761) Cash and cash equivalents at beginning of period 170,237 138,912 Cash and cash equivalents at end of period $203,242 $127,151 About Non-GAAP Financial Measures

TIBCO provides non-GAAP measures for operating income, net income and net income per share data as supplemental information regarding TIBCO's business performance. TIBCO believes that these non-GAAP financial measures are useful to investors because they exclude non-operating charges. TIBCO's management excludes these non-operating charges when it internally evaluates the performance of TIBCO's business and makes operating decisions, including internal budgeting, performance measurement and the calculation of bonuses and discretionary compensation, because these measures provide a consistent method of comparison to historical periods. Moreover, management believes these non-GAAP measures reflect the essential revenue generation activities of TIBCO. Accordingly, management excludes gains and losses on equity investments, costs related to formal restructuring plans, stock-based compensation related to employee stock options, the amortization of acquired intangible assets and charges for acquired in-process research and development, and the income tax effects of the foregoing, as well as adjustments for the impact of changes in the valuation allowance recorded against TIBCO's deferred tax assets when making operational decisions.

TIBCO believes that providing the non-GAAP measures that management uses to its investors is useful to investors for a number of reasons. The non-GAAP measures provide a consistent basis for investors to understand TIBCO's financial performance on a trended basis across historical periods. In addition, it allows investors to evaluate TIBCO's performance using the same methodology and information as that used by TIBCO's management.

Non-GAAP measures are subject to material limitations as these measures are not in accordance with, or a substitute for, GAAP and thus TIBCO's definition may be different from similar non-GAAP measures used by other companies and/or analysts. However, TIBCO's management compensates for these limitations by providing the relevant disclosure of the items excluded in the calculation of non-GAAP operating income, non-GAAP net income and non-GAAP net income per share. In addition, some items such as restructuring charges that are excluded from non-GAAP net income and non-GAAP earnings per share can have a material impact on cash flows and stock compensation charges can have a significant impact on earnings. Management compensates for these limitations by evaluating the non-GAAP measure together with the most directly comparable GAAP measure. TIBCO has historically provided non-GAAP measures to the investment community as a supplement to its GAAP results, to enable investors to evaluate TIBCO's business performance in the way that management does.

The non-GAAP adjustments, and the basis for excluding them, are outlined below:

Stock-based Compensation

TIBCO incurs stock-based compensation expense under SFAS 123(R). TIBCO excludes this item for the purposes of calculating non-GAAP operating income, non-GAAP net income and non-GAAP net income per share because it is a non-cash expense that TIBCO believes is not reflective of its business performance. The nature of the stock-based compensation expense also makes it very difficult to estimate prospectively, since the expense will vary with changes in the stock price and market conditions at the time of new grants, varying valuation methodologies, subjective assumptions and different award types, making the comparison of current results with forward-looking guidance potentially difficult for investors to interpret. The tax effects of stock-based compensation expenses may also vary significantly from period to period, without any change in underlying operational performance, thereby obscuring the underlying profitability of operations relative to prior periods (including prior periods following the adoption of SFAS 123(R)). The exclusion of stock-based compensation from the non-GAAP measures also allows a consistent comparison of TIBCO's relative historical financial performance, since the method for accounting for stock-based compensation changed at the beginning of fiscal 2006 when TIBCO adopted SFAS 123(R). Finally, TIBCO believes that non-GAAP measures of profitability that exclude stock-based compensation are widely used by analysts and investors in the software industry.

Amortization of Intangible Assets

TIBCO has incurred amortization of intangible assets, included in its GAAP financial statements, related to various acquisitions TIBCO has made. Management excludes these items, for the purposes of calculating non-GAAP operating income, non-GAAP net income and non-GAAP net income per share. TIBCO believes that eliminating this expense from its non-GAAP measures is useful to investors, because the amortization of intangible assets can be inconsistent in amount and frequency and is significantly impacted by the timing and magnitude of TIBCO's acquisition transactions, which also vary substantially in frequency from period to period.

The following table is a reconciliation of GAAP measures to non-GAAP for the first quarter and year ended March 2, 2008.

TIBCO Software Inc. Reconciliation of GAAP to Non-GAAP Measures (unaudited) (in thousands, except net income per share) Three Months Ended, March 2, 2008 March 4, 2007 Operating Net Operating Net Income Income Income Income GAAP $5,748 $5,514 $11,569 $10,391 Amortization of intangible assets - cost of revenue 3,817 3,817 1,402 1,402 Amortization of intangible assets - operating expense 4,140 4,140 2,470 2,470 Stock-based compensation - cost of revenue 595 595 481 481 Stock-based compensation - R&D expense 1,019 1,019 868 868 Stock-based compensation - S&M expense 1,730 1,730 1,220 1,220 Stock-based compensation - G&A expense 1,806 1,806 1,367 1,367 Income tax adjustment for non-GAAP (1) (4,480) (3,007) Non-GAAP $18,855 $14,141 $19,377 $15,192 Diluted net income per share: GAAP $0.03 $0.05 Non-GAAP $0.07 $0.07 Shares used to compute diluted net income per share 190,064 216,306 (1) The estimated non-GAAP effective tax rate was 34% and 37% for the first quarter of fiscal 2008 and 2007, respectively, and has been used to adjust the provision for income taxes for non-GAAP purposes.

TIBCO Software Inc.

CONTACT: media, Phillip Tree, +1-650-846-8529, ptree@tibco.com, or
investors, Matthew Langdon, +1-650-846-5747, mlangdon@tibco.com, both of
TIBCO Software Inc.

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

Alliance Distributors Holding Inc. Reports 2007 Fourth Quarter and Year End Financial Results

NEW YORK, March 27 /PRNewswire-FirstCall/ -- Alliance Distributors Holding Inc. (Pink Sheets: ADTR), a distributor of interactive video games and gaming products, announced its financial results for the fourth quarter and year ended December 31, 2007.

Net sales for the quarter increased 28% to $36.1 million in the fourth quarter of 2007 from $28.3 million in the fourth quarter of 2006. Net income was $750,000, or $0.01 per share, in the fourth quarter of 2007, compared to $90,000 or $0.00 per share in the fourth quarter of 2006.

For the year ended December 31, 2007, net sales increased 16% to $81.6 million, compared to $70.3 million in 2006. The company incurred a net loss of $1.3 million, or $0.03 per share, in the year ended December 31, 2007, which includes a $430,000 charge for separation pay to the company's former President. This compares with a net loss of $214,000, or $0.00 per share that the company incurred in the year ended December 31, 2006.

Jay Gelman, Chairman and Chief Executive Officer, said "The first half of 2007 was a particularly challenging time in video game distribution. Scarcity of hardware systems from Nintendo, Sony and Microsoft coupled with a reduced number of new software titles meant limited product available to drive revenues and profit. During the second quarter in particular, we aggressively sold inventory at reduced prices to drive sales and increase inventory turns."

Gelman continued, "Although we could not make up the entire loss we incurred during the first half of 2007, I am still very pleased with the trend we showed in revenue growth and bottom-line profitability during the second half of 2007. We made $1.1 million of adjusted EBITDA in the second half of 2007, resulting in $350,000 of adjusted EBITDA for the full 2007 year."

About Alliance Distributors Holding Inc.

Alliance Distributors Holding Inc. (http://www.alliancedistributors.com/), which does business as Alliance Distributors, is a full-service wholesale videogame distributor, specializing in gaming products and accessories for all key manufacturers and 3rd party publishers. Alliance Distributors offers support on: PS3, PSP, PS2, X-Box 360, Wii, DS and GBA SP, peripherals and software titles.

Safe Harbor

Certain statements contained in this press release contain forward-looking statements including without limitation, statements concerning our operations, economic performance, and financial condition. The words "estimate," "believe," "expect," and "anticipate" and other similar expressions generally identify forward-looking statements, which speak only as of their dates. Investors are cautioned that all forward-looking statements, which are based largely on our current expectations, involve risks and uncertainty. Actual results, events and circumstances (including future performance, results and trends) could differ materially from those set forth in such statements due to various factors, risks and uncertainties, including without limitation, risks associated with technological change, competitive factors and general economic conditions, changes in marketing and distribution strategies by manufacturers, continued shortages of new platform systems, difficulty in integrating and deriving synergies from acquisitions, potential undiscovered liabilities of companies that we acquire, changes in our business or growth strategy, the emergence of new or growing competitors, various other competitive and technological factors. There can be no assurance that the results referred to in the forward-looking statements contained in this release will occur. The Company has no duty and undertakes no obligation to update any forward-looking information, whether as a result of new information, future developments or otherwise.

ALLIANCE DISTRIBUTORS HOLDING INC. STATEMENTS OF OPERATIONS (In thousands, except per share amounts) Three Months ended Year ended December 31, December 31, (unaudited) (audited) 2007 2006 2007 2006 NET SALES $36,119 $28,279 $81,582 $70,318 COST OF GOODS SOLD 32,841 25,956 74,141 63,425 GROSS PROFIT 3,278 2,323 7,441 6,893 OPERATING COSTS AND EXPENSES: Selling and administrative expenses 2,266 1,787 7,908 6,054 Terminated transaction costs - 53 - 310 Total operating expenses 2,266 1,840 7,908 6,364 INCOME (LOSS) FROM OPERATIONS 1,012 483 (467) 529 Interest expense 262 239 854 790 INCOME (LOSS) BEFORE PROVISION FOR (BENEFIT FROM) INCOME TAXES 750 244 (1,321) (261) Provision for (benefit from) income taxes - 154 - (47) NET INCOME (LOSS) $750 $90 $(1,321) $(214) Net income per share: Basic and diluted $0.01 $- $(0.03) $- Weighted average common shares outstanding: Basic 50,968 48,721 49,615 48,584 Diluted 51,208 50,751 49,615 48,584 ALLIANCE DISTRIBUTORS HOLDING INC. CONDENSED BALANCE SHEET DECEMBER 31, 2007 (Audited, In Thousands) ASSETS CURRENT ASSETS: Cash and equivalents $320 Accounts receivable-net 6,645 Inventory 10,322 Due from vendors 72 Prepaid expenses and other current assets 144 Deferred income taxes 141 Total current assets 17,644 PROPERTY AND EQUIPMENT - NET 606 DEFERRED INCOME TAXES 77 OTHER ASSETS 59 TOTAL $18,386 LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES: Notes payable - bank $6,787 Accounts payable 8,937 Current portion of long term obligations 5 Accrued expenses and other current liabilities 545 Total current liabilities 16,274 DEFERRED LEASE OBLIGATIONS 50 STOCKHOLDERS' EQUITY 2,062 TOTAL $18,386 ALLIANCE DISTRIBUTORS HOLDING INC. Statement of Stockholders' Equity YEARS ENDED DECEMBER 31, 2007 AND 2006 (In thousands) Total Preferred Stock Common Stock Additional Accumu- Stock- Shares Amount Shares* Amount Paid in lated holders' Capital Deficit Equity Balance, January 1, 2006 347 - 47,369 47 3,224 (20) 3,251 Conversion of Preferred Stock A into Common Stock (85) 1,352 2 (2) - Stock option compensation expense 193 193 Net loss - - - - - (214) (214) Balance, December 31, 2006 262 $- 48,721 $49 $3,415 $(234) $3,230 Conversion of Preferred Stock A into Common Stock (256) - 4,064 4 (4) - Stock option compensation expense 153 153 Net loss - - - - - (1,321) (1,321) Balance, December 31, 2007 6 $- 52,785 $53 $3,564 $(1,555) $2,062 * - As of March 27, 2008, there were approximately 53,883,000 shares of common stock outstanding, including 1 million shares of restricted stock that were granted in February 2008.

Alliance Distributors Holding Inc.

CONTACT: Steve Gelman, VP of Marketing and Communications, Alliance
Distributors Holding Inc., +1-718-536-2248, steve@alliancedis.com

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

Global Payments Reports Third Quarter Earnings

ATLANTA, March 27 /PRNewswire-FirstCall/ -- Global Payments Inc. today announced results for its third quarter ended February 29, 2008. For the third quarter, revenue grew 19 percent to $310.6 million compared to $260.4 million in the prior year. Excluding the favorable impact of a non-recurring, non-cash operating tax item (included in sales, general and administrative expenses), diluted earnings per share grew 5 percent to $0.44 compared to $0.42 in the prior year quarter.

(Logo: http://www.newscom.com/cgi-bin/prnh/20010221/ATW031LOGO)

For the nine months ended February 29, 2008, revenue grew 19 percent to $930.4 million compared to $781.4 million in the prior year period. Excluding the impact of current period restructuring charges and the operating tax item described above, diluted earnings per share grew 9 percent to $1.46 from $1.34 in the prior year period.

In accordance with GAAP, the current quarter and year-to-date periods include restructuring charges and the operating tax item described above (see attached reconciliation schedule). These items are reflected in our GAAP diluted earnings per share amounts. For the three and nine months ended February 29, 2008, GAAP diluted earnings per share were $0.50 and $1.51, respectively, compared to $0.42 and $1.34, respectively, in the prior year comparable periods.

Comments and Outlook

Chairman, President and CEO, Paul R. Garcia, stated, "We delivered solid financial results for our fiscal third quarter, largely driven by our merchant services segment. Our domestic ISO channel continues to favorably impact our financial results through organic expansion. Our growth also continues to benefit from favorable currency exchange rates in both Canada and the Czech Republic. I am also very pleased with the strong revenue growth from our Asia-Pacific joint venture with HSBC."

"Based on these results and trends, we are providing annual fiscal 2008 revenue guidance of $1,250 million to $1,260 million. This revenue guidance reflects an expected 18 percent to 19 percent growth versus $1,061.5 million in fiscal 2007. In addition, we are providing annual fiscal 2008 diluted earnings per share guidance of $1.95 to $1.97, or 10 percent to 11 percent growth versus $1.77 in fiscal 2007.(1) This includes the impact of stock option expenses as a result of our June 1, 2006 adoption of FAS 123R. Our guidance excludes the impact of future significant acquisitions, and these earnings per share ranges exclude the impact of the operating tax item described above, in addition to restructuring and other charges," said Garcia.

Conference Call

Global Payments will hold a conference call today, March 27, 2008 at 5:00 p.m. ET to discuss financial results and business highlights. The conference call may be accessed by calling 1-888-599-4884 (U.S. and Canada) or 1-913-312-0961 (outside U.S. and Canada) and using a pass code of "GPN" for both numbers, or via Web cast at http://www.globalpaymentsinc.com/. A replay of the call will be available on the Global Payments Web site through April 10, 2008.

(1) Fiscal 2007 diluted earnings per share was $1.75 on a GAAP basis, which includes restructuring and other charges equivalent to $0.02 in diluted earnings per share.

Global Payments Inc. is a leading provider of electronic transaction processing services for consumers, merchants, Independent Sales Organizations (ISOs), financial institutions, government agencies and multi- national corporations located throughout the United States, Canada, Latin America, Europe and the Asia-Pacific region. Global Payments offers a comprehensive line of processing solutions for credit and debit cards, business-to-business purchasing cards, gift cards, electronic check conversion and check guarantee, verification and recovery including electronic check services, as well as terminal management. The company also provides consumer money transfer services from the U.S. and Europe to destinations in Latin America, Morocco and the Philippines. For more information about the company and its services, visit http://www.globalpaymentsinc.com/.

This announcement and comments made by Global Payments' management during the conference call contain certain forward-looking statements within the meaning of the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including revenue and earnings estimates and management's expectations regarding future events and developments, are forward looking statements and are subject to significant risks and uncertainties. Important factors that may cause actual events or results to differ materially from those anticipated by such forward- looking statements include the following: continued certification by credit card associations, foreign currency risks, competition and pricing, product demand, market and customer acceptance, development difficulties, the effect of economic conditions and consumer spending, security breaches or system failures, costs of capital, changes in immigration patterns, changes in state, federal or foreign laws and regulations affecting the electronic money transfer industry, increases in credit card association fees, utility or system interruptions, the ability to consummate and integrate acquisitions, and other risks detailed in the company's SEC filings, including the most recently filed Form 10-Q or Form 10-K, as applicable. The company undertakes no obligation to revise any of these statements to reflect future circumstances or the occurrence of unanticipated events.

Contact: Jane M. Elliott 770-829-8234 Voice 770-829-8267 Fax investor.relations@globalpay.com UNAUDITED CONSOLIDATED STATEMENTS OF INCOME GLOBAL PAYMENTS INC. AND SUBSIDIARIES (In thousands, except per share data) Three Months Ended February 29/28, 2008 2007 Revenues $310,641 $260,418 Operating expenses: Cost of service 117,661 103,555 Sales, general and administrative 133,069 105,670 250,730 209,225 Operating income 59,911 51,193 Other income (expense): Interest and other income 4,767 4,728 Interest and other expense (2,198) (2,399) 2,569 2,329 Income before income taxes and minority interest 62,480 53,522 Provision for income taxes (19,265) (17,148) Minority interest, net of tax (3,160) (2,078) Net income $40,055 $34,296 Earnings per share: Basic $0.51 $0.43 Diluted $0.50 $0.42 Weighted average shares outstanding: Basic 79,219 80,421 Diluted 80,650 81,972 UNAUDITED CONSOLIDATED STATEMENTS OF INCOME GLOBAL PAYMENTS INC. AND SUBSIDIARIES (In thousands, except per share data) Nine Months Ended February 29/28, 2008 2007 Revenues $930,397 $781,423 Operating expenses: Cost of service 350,483 307,511 Sales, general and administrative 394,023 306,889 Restructuring 1,317 - 745,823 614,400 Operating income 184,574 167,023 Other income (expense): Interest and other income 14,643 12,052 Interest and other expense (5,339) (6,298) 9,304 5,754 Income before income taxes and minority interest 193,878 172,777 Provision for income taxes (64,071) (55,749) Minority interest, net of tax (7,864) (7,221) Net income $121,943 $109,807 Earnings per share: Basic $1.53 $1.37 Diluted $1.51 $1.34 Weighted average shares outstanding: Basic 79,584 80,098 Diluted 81,023 81,756 CONSOLIDATED CONDENSED BALANCE SHEETS GLOBAL PAYMENTS INC. AND SUBSIDIARIES (In thousands) February 29, May 31, 2008 2007 (Unaudited) Assets Cash and cash equivalents $388,467 $308,872 Accounts receivable, net 83,209 76,168 Claims receivable, net 2,296 2,187 Settlement processing assets 15,647 32,853 Other current assets 39,153 24,349 Current assets 528,772 444,429 Property and equipment, net 134,695 118,495 Goodwill 472,543 451,244 Other intangible assets, net 176,555 175,620 Other assets 13,204 10,841 Total assets $1,325,769 $1,200,629 Liabilities and Shareholders' Equity Lines of credit $1,126 $- Settlement processing obligations 33,643 20,617 Payable to money transfer beneficiaries 7,594 6,589 Accounts payable and other accrued liabilities 126,695 115,671 Current liabilities 169,058 142,877 Other long-term liabilities 82,431 85,043 Total liabilities 251,489 227,920 Minority interest in equity of subsidiaries 16,129 14,933 Shareholders' equity 1,058,151 957,776 Total liabilities and shareholders' equity $1,325,769 $1,200,629 UNAUDITED CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOW GLOBAL PAYMENTS INC. AND SUBSIDIARIES (In thousands) Nine Months Ended February 29/28, 2008 2007 Cash flows from operating activities: Net income $121,943 $109,807 Non-cash items Depreciation and amortization 32,220 30,344 Minority interest in earnings 7,794 7,664 Other, net 22,217 18,586 Changes in working capital, which provided (used) cash Settlement processing assets and obligations, net 26,297 21,608 Other, net (26,561) (24,081) Net cash provided by operating activities 183,910 163,928 Cash flows from investing activities: Capital expenditures (31,926) (23,234) Business and intangible asset acquisitions (12,051) (80,230) Net cash used in investing activities (43,977) (103,464) Cash flows from financing activities: Net borrowings on lines of credit 1,126 - Principal payments under capital leases - (746) Repurchase of common stock (87,020) - Net proceeds under share-based compensation plans and dividends 17,829 17,263 Distributions to minority interests, net (7,085) (6,751) Net cash (used in) provided by financing activities (75,150) 9,766 Effect of exchange rate changes on cash 14,812 3,354 Increase in cash and cash equivalents 79,595 73,584 Cash and cash equivalents, beginning of period 308,872 218,475 Cash and cash equivalents, end of period $388,467 $292,059 UNAUDITED CONSOLIDATED STATEMENTS OF INCOME GLOBAL PAYMENTS INC. AND SUBSIDIARIES Reconciliation to Exclude an Operating Tax Item from Normalized Results (In thousands, except per share data) Three Months Ended February 29/28, 2008 2007 Opera- ting Tax Normalized Item(1) GAAP GAAP Revenues $310,641 $- $310,641 $260,418 Operating expenses: Cost of service 117,661 - 117,661 103,555 Sales, general and administrative 140,117 (7,048) 133,069 105,670 257,778 (7,048) 250,730 209,225 Operating income 52,863 7,048 59,911 51,193 Other income/(expense): Interest and other income 4,767 - 4,767 4,728 Interest and other expense (2,198) - (2,198) (2,399) 2,569 - 2,569 2,329 Income before income taxes 55,432 7,048 62,480 53,522 Provision for income taxes (16,936) (2,329) (19,265) (17,148) Minority interest, net of tax (3,160) - (3,160) (2,078) Net income $35,336 $4,719 $40,055 $34,296 Diluted shares 80,650 - 80,650 81,972 Diluted earnings per share $0.44 $0.06 $0.50 $0.42 (1) Relates to the favorable impact of a non-recurring, non-cash operating tax item included in sales, general and administrative expenses. We define operating taxes as those that are unrelated to income taxes, such as sales and property taxes. During the three months ended February 29, 2008, we determined that a contingent liability relating to an operating tax item was no longer deemed probable. As such, we released the related liability. Also reflects the related income tax benefit using the company's effective tax rate, which is defined as the provision for income taxes divided by income before income taxes and minority interest. UNAUDITED CONSOLIDATED STATEMENTS OF INCOME GLOBAL PAYMENTS INC. AND SUBSIDIARIES Reconciliation to Exclude Restructuring Charges and an Operating Tax Item from Normalized Results (In thousands, except per share data) Nine Months Ended February 29/28, 2008 2007 Opera- ting Restruc- Tax Normalized turing(1) Item(2) GAAP GAAP Revenues $930,397 $- $- $930,397 $781,423 Operating expenses: Cost of service 350,483 - - 350,483 307,511 Sales, general and administrative 401,071 - (7,048) 394,023 306,889 Restructuring - 1,317 - 1,317 - 751,554 1,317 (7,048) 745,823 614,400 Operating income 178,843 (1,317) 7,048 184,574 167,023 Other income/(expense): Interest and other income 14,643 - - 14,643 12,052 Interest and other expense (5,339) - - (5,339) (6,298) 9,304 - - 9,304 5,754 Income before income taxes 188,147 (1,317) 7,048 193,878 172,777 Provision for income taxes (62,191) 449 (2,329) (64,071) (55,749) Minority interest, net of tax (7,864) - - (7,864) (7,221) Net income $118,092 $(868) $4,719 $121,943 $109,807 Diluted shares 81,023 - - 81,023 81,756 Diluted earnings per share $1.46 $(0.01) $0.06 $1.51 $1.34 (1) Restructuring charges consist of employee termination benefits relating to a facility closure. Also reflects the related income tax benefit using the company's effective tax rate, which is defined as the provision for income taxes divided by income before income taxes and minority interest. (2) Relates to the favorable impact of a non-recurring, non-cash operating tax item included in sales, general and administrative expenses. We define operating taxes as those that are unrelated to income taxes, such as sales and property taxes. During the nine months ended February 29, 2008, we determined that a contingent liability relating to an operating tax item was no longer deemed probable. As such, we released the related liability. Also reflects the related income tax benefit using the company's effective tax rate, which is defined as the provision for income taxes divided by income before income taxes and minority interest. SEGMENT INFORMATION GLOBAL PAYMENTS INC. AND SUBSIDIARIES (In thousands) Three Months Ended February 29/28, 2008 2007 Revenues Domestic direct $171,372 $135,896 Canada 61,256 54,630 Asia-Pacific 18,977 14,737 Central and Eastern Europe 14,455 12,244 Domestic indirect and other 10,666 11,564 Merchant services 276,726 229,071 Domestic 28,007 26,903 Europe 5,908 4,444 Money transfer 33,915 31,347 Total revenues $310,641 $260,418 Operating income Merchant services(1) $72,118 $62,033 Money transfer 1,156 2,249 Corporate (13,363) (13,089) Operating income $59,911 $51,193 (1) Includes the favorable impact of a non-recurring, non-cash operating tax item of $7.0 million in the three months ended February 29, 2008. SEGMENT INFORMATION GLOBAL PAYMENTS INC. AND SUBSIDIARIES (In thousands) Nine Months Ended February 29/28, 2008 2007 Revenues Domestic direct $504,709 $403,860 Canada 193,705 170,314 Asia-Pacific 53,467 35,072 Central and Eastern Europe 42,365 38,767 Domestic indirect and other 32,894 35,178 Merchant services 827,140 683,191 Domestic 86,003 86,093 Europe 17,254 12,139 Money transfer 103,257 98,232 Total revenues $930,397 $781,423 Operating income Merchant services(1) $219,316 $196,275 Money transfer 6,117 10,995 Corporate (39,542) (40,247) Restructuring (1,317) - Operating income $184,574 $167,023 (1) Includes the favorable impact of a non-recurring, non-cash operating tax item of $7.0 million in the nine months ended February 29, 2008.

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20010221/ATW031LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Global Payments Inc.

CONTACT: Jane M. Elliott of Global Payments Inc., +1-770-829-8234 Voice,
+1-770-829-8267 Fax, investor.relations@globalpay.com

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

Spectrum Control Reports First Quarter ProfitIncreased Operating Cash Flow; $2.4 Million used for Stock Buyback Program

FAIRVIEW, Pa., March 27 /PRNewswire-FirstCall/ -- Spectrum Control, Inc. , a leading designer and manufacturer of electronic control products and systems, today reported results for the first quarter ended February 29, 2008.

For the first quarter of fiscal 2008, the Company reported net income of $1.8 million or 13 cents per share on sales of $31.2 million, compared to net income of $2.1 million or 16 cents per share on sales of $32.9 million for the same period last year.

Dick Southworth, the Company's President and Chief Executive Officer, commented, "During the fourth quarter of last year, we began to detect some softness in portions of our telecom equipment markets, as well as delays in the release of orders for certain military/defense programs. This soft demand continued throughout the first quarter of fiscal 2008, negatively impacting our total customer orders and shipments. Despite these market conditions, we are pleased to report significant first quarter profits and near record cash flows. Even more importantly, we believe the excess inventory levels, which led to lower demand by certain of our telecom equipment customers, have been substantially consumed and that customer inventory levels are now properly aligned with current business requirements. Accordingly, we anticipate orders from these customers will increase in the second quarter of fiscal 2008. In addition, we expect orders for several key military/defense programs, which were delayed in the first quarter, will be released in the second quarter of fiscal 2008. With customer orders and production requirements expected to rebound in the second quarter, we have maintained our production capacity and workforce to respond quickly and effectively to the anticipated increase in business levels."

First Quarter Highlights: -- During the first quarter of fiscal 2008, we activated our stock buyback program. Under this program, which was previously approved by our Board of Directors, Management was authorized to buyback on the open market up to $2.4 million of the Company's Common Stock. The amount and timing of the actual purchases was to be determined based upon Management's ongoing evaluation of the Company's stock price, liquidity, and other relevant factors. During the three month period ended February 29, 2008, we repurchased 244,684 shares at an aggregate cost of $2.4 million. We believe these stock repurchases are a positive reflection of our future business outlook and strong financial position. -- Our operating cash flow continues to increase. Net cash provided by operating activities was $3.5 million in the first quarter of fiscal 2008, up $2.0 million or 134.8% from the first quarter of fiscal 2007. In fiscal 2008, our positive operating cash flow enabled us to fund all of our capital equipment expenditures of $895,000 and our stock repurchases of $2.4 million, without incurring any additional bank borrowings or other external financing. Business Segment Discussion

Our operations are currently conducted in four reportable segments: signal and power integrity components; microwave components and systems; power management systems; and sensors and controls.

Our Signal and Power Integrity Components Business designs and manufactures a broad range of products including low pass electromagnetic interference ("EMI") filters, filter plates, filtered connectors, circular connectors, specialty ceramic capacitors, power entry modules, power line filters, antennas, and various value-added assemblies. These products are used in numerous industries including military and defense, communications equipment, medical and industrial instrumentation, and commercial aerospace.

Our Microwave Components and Systems Business designs and manufactures microwave filters, amplifiers, frequency mixers, oscillators, synthesizers, multiple channel filter banks, and related products and integrated assemblies. These components and systems are predominantly used in various military and defense applications including secure communications, smart weapons and munitions, countermeasures for improvised explosive devices, radar systems, and military aircraft.

During the first quarter of fiscal 2008, the current market conditions negatively impacted both of these business segments. Shipments of our signal and power integrity components were $13.2 million in the current quarter, down $2.1 million or 13.8% from the first quarter last year. Total customer orders received for these products amounted to $12.8 million in the current period, a decrease of 4.5% from the comparable period of fiscal 2007. Shipments of our microwave components and systems were $10.4 million in the first quarter of fiscal 2008, down $694,000 or 6.3% from the same period a year ago. Customer orders received for our microwave products totaled $8.0 million in the current quarter, down 37.1% from a year ago. We believe the excess inventory levels, which led to soft demand by certain of our telecom equipment customers, have been substantially consumed and that customer inventories are now properly aligned with current business requirements. Accordingly, we anticipate orders from these customers to increase in the second quarter of fiscal 2008. In addition, we expect orders for several key military and defense programs, which were delayed in the first quarter of fiscal 2008, will be released in the second quarter of fiscal 2008.

Our Sensors and Controls Business designs and manufactures rotary and linear precision sensors, temperature sensing probes, thermistors, resistance detector sensors, and related assemblies. Shipments of our sensors and controls amounted to $5.2 million in the first quarter of fiscal 2008, up $185,000 or 3.7% from the same period a year ago. Customer orders for these products totaled $7.1 million in the current quarter, up $1.3 million or 22.0% from the first quarter of last year. In particular, demand for our custom position sensors (which are used in various medical equipment, commercial weather instruments, and military aircraft and vehicles) continues to grow.

Our Power Management Systems Business designs and manufactures power distribution units, breaker and fuse interface panels, custom power outlet strips, and our Smart Start power management systems. Shipments of our power management systems increased by $890,000 or 57.1%, with shipments of $2.4 million in the current quarter and $1.6 million in the comparable period last year. Customer orders for these systems amounted to $3.7 million in the first quarter of fiscal 2008, an increase of $1.7 million or 79.5% from a year ago. Demand for these products was particularly strong in applications for servers, optical networking equipment, voice-over-internet protocol ("VoIP") equipment, and switching gear.

Current Business Outlook

Mr. Southworth added, "Based upon our existing sales order backlog, recent customer order trends, and the forecasted requirements for certain major customers and programs, we currently expect customer orders of $38.0 to $40.0 million and shipments of $33.0 to $35.0 million for our second quarter ending May 31, 2008. If this sales level is achieved, we anticipate generating earnings of 18 to 20 cents per share for the second quarter of fiscal 2008. While the first quarter market weakness may moderate our growth expectations for the full year, we believe our future results will increasingly reflect the leverage and effectiveness of our business model. We continue to build a diversified platform of products, while strengthening our status as a key supplier to all of our major customers. With our broad product portfolio and participation in a wide variety of markets, we are increasingly insulated from sustained weakness in any particular market sector. We firmly believe that this business strategy will deliver long-term shareholder value across all market cycles."

Forward-Looking Information

This press release contains statements that are forward-looking statements within the meaning of the Private Securities Reform Act of 1995. These statements are based on current expectations, estimates and projections about the Company's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors and risks discussed from time to time in the Company's Securities and Exchange Commission filings and reports. In addition, such statements could be affected by general industry and market conditions and growth rates, and general domestic and international economic conditions. Such forward-looking statements speak only as of the date on which they are made and the Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release.

Simultaneous Webcast and Teleconference Replay

Spectrum Control, Inc. will host a teleconference to discuss its first quarter results on Thursday, March 27, 2008, at 4:45 p.m., Eastern Time. Internet users will be able to access a simultaneous webcast of the teleconference at http://www.spectrumcontrol.com/ or http://www.vcall.com/. A taped replay of the call will be available through March 28, 2008, at 877-660- 6853, access account 286, conference 278454, or for 30 days over the Internet at the Company's website.

About Spectrum Control

Spectrum Control, Inc. designs and manufacturers a wide range of components and systems used to condition, regulate, transmit, receive, or govern electronic performance. The Company's largest markets are military/defense and communications equipment, with applications in secure communications, smart weapons and munitions, countermeasures for improvised explosive devices, missile defense systems, wireless base stations, broadband switching gear, and global positioning systems. For more information about Spectrum Control and its products, please visit the Company's website at http://www.spectrumcontrol.com/.

Table Follows Spectrum Control, Inc. and Subsidiaries Condensed Consolidated Statements of Income (Unaudited) (Amounts in Thousands, Except Per Share Data) Three Months Ended February 29, February 28, 2008 2007 Net sales $31,154 $32,887 Cost of products sold 24,303 25,085 Gross margin 6,851 7,802 Selling, general and administrative expense 4,211 4,437 Income from operations 2,640 3,365 Other income (expense) Interest expense (42) (167) Other income and expense, net 241 165 199 (2) Income before provision for income taxes 2,839 3,363 Provision for income taxes 1,050 1,244 Net income $1,789 $2,119 Earnings per common share: Basic $0.13 $0.16 Diluted $0.13 $0.16 Average number of common shares outstanding : Basic 13,363 13,230 Diluted 13,642 13,587 Spectrum Control, Inc. and Subsidiaries Selected Financial Data (Unaudited) Three Months Ended February 29, February 28, 2008 2007 Selected Financial Data, as a Percentage of Net Sales : Net sales 100.0 % 100.0 % Cost of products sold 78.0 76.3 Gross margin 22.0 23.7 Selling, general and administrative expense 13.5 13.5 Income from operations 8.5 10.2 Other income (expense) Interest expense (0.1) (0.5) Other income and expense, net 0.7 0.5 Income before provision for income taxes 9.1 10.2 Provision for income taxes 3.4 3.8 Net income 5.7 % 6.4 % Selected Operating Segment Data: (Dollar Amounts in Thousands) Signal and power integrity components: Customer orders received $12,771 $13,366 Net sales 13,150 15,264 Microwave components and systems: Customer orders received 8,043 12,781 Net sales 10,392 11,086 Power management systems: Customer orders received 3,737 2,082 Net sales 2,448 1,558 Sensors and controls: Customer orders received 7,077 5,801 Net sales 5,164 4,979 Spectrum Control, Inc. and Subsidiaries Condensed Consolidated Balance Sheets (Unaudited) (Dollar Amounts in Thousands) February 29, November 30, 2008 2007 Assets Current assets Cash and cash equivalents $5,595 $5,183 Accounts receivable 22,032 25,461 Inventories 26,148 25,458 Deferred income taxes 1,332 1,332 Prepaid expenses and other current assets 1,264 911 Total current assets 56,371 58,345 Property, plant and equipment, net 25,970 26,177 Noncurrent assets Goodwill 35,669 35,669 Other 6,321 6,728 Total assets $124,331 $126,919 Liabilities and Stockholders' Equity Current liabilities Short-term debt $2,000 $2,000 Accounts payable 6,556 6,764 Income taxes payable 875 1,391 Accrued liabilities 3,387 4,813 Current portion of long-term debt 100 100 Total current liabilities 12,918 15,068 Long-term debt 962 1,031 Other liabilities 1,118 1,370 Deferred income taxes 7,696 7,582 Stockholders' equity 101,637 101,868 Total liabilities and stockholders' equity $124,331 $126,919 FlashResults Spectrum Control, Inc. (SPEC) (Numbers in Thousands, Except Per Share Data) 1st quarter ended 1st quarter ended 2/29/2008 YTD 2/28/2007 YTD Sales $31,154 $31,154 32,887 32,887 Net Income 1,789 1,789 2,119 2,119 Average Shares 13,642 13,642 13,587 13,587 EPS $0.13 $0.13 $0.16 $0.16

Spectrum Control, Inc.

CONTACT: Investor Relations, John P. Freeman, Senior Vice President and
Chief Financial Officer of Spectrum Control, Inc., +1-814-474-4310

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

ICOP Digital Announces 2007 Year-End Operational and Financial ResultsInvestor Teleconference and Webcast to Begin at 4:15 PM ET

LENEXA, Kan., March 27 /PRNewswire-FirstCall/ -- ICOP Digital, Inc. , an industry-leading company engaged in advancing digital surveillance solutions, today announced its operational and financial results for the three and 12 months ended December 31, 2007.

"2007 was a very important year for ICOP - one that we will look back on as a period in our history in which critical building blocks were put into place. The digital convergence in video surveillance that we anticipated and systematically planned for is clearly underway," stated Dave Owen, Chairman and CEO of ICOP.

Continuing, he noted, "We are very proud of the positive traction we are experiencing in our efforts to ultimately dominate the market for community surveillance solutions, as reflected by three consecutive years of near double revenue growth of our flagship product. We are equally proud of our success in expanding from being a single product company to offering a superior suite of highly innovative surveillance products that are available now. Today, ICOP is capable of empowering our customers with a full complement of tools and technologies essential to promoting greater officer and public safety, while also delivering unimpeachable evidence for use when prosecuting offenders."

"ICOP's future has never looked more promising and our confidence in our ability to deliver is at an all-time high." Concluding, Owen said," Looking ahead, we fully expect to achieve a number of mission-critical milestones that will provide confirmation that ICOP is indeed the industry leader."

Operational highlights for 2007: -- In 2007, ICOP processed re-orders for ICOP Model 20/20(R)-W digital in- car video systems from approximately 40% of its customer base, with approximately 180 agencies representing first time buyers who initiated fleet deployments of the system during the year. -- The Company responded to 77 Requests for Proposals (RFP) from law enforcement agencies around the nation in 2007. Of the 69 orders awarded thus far (8 are still pending), ICOP won approximately one out of every three - or 23 in total. This 30% award rate was realized despite the market seeing nearly 20 new competitors join the field of companies all hoping to capitalize on the growing adoption of digital surveillance technologies by law enforcement. -- Shipped over 2,000 ICOP Model 20/20(W) units and related ancillary products during 2007 to over 300 agencies; however, the largest single order occurred in December with 170 units shipping to an agency in Maryland. Other orders exceeding $100,000 were shipped to agencies in Alaska, California, Connecticut, Michigan, Mississippi, Montana, Ohio and Wyoming. -- ICOP has been named as a final contender in protracted field tests and competitive analyses currently being conducted by a number of international, metropolitan and state agencies seeking to deploy digital in-car video systems in their respective patrol fleets. In addition, ICOP has been informed that it is being awarded an initial order of reasonable size from a major law enforcement agency in the international market place, which it expects to book in the second quarter. -- In 2007, ICOP expanded its global sales and marketing teams, providing for the addition of select new manufacturers representatives and dealers in both its domestic and international channels. As a result, the Company now has nearly 70 direct and independent sales representatives marketing its products to first responder agencies worldwide. -- Considerable investment was made in the Company's product expansion initiative in 2007, providing for the following new products: * ICOP Model 20/20(R)-W - representing ICOP's second generation digital in-car video system for law enforcement that began shipping in mid 2007, this unit offers all of the same robust features and benefits as the legacy system, but also provides for wireless upload of video and operates in multiple languages. * ICOP iVault MMS(TM) - a state-of-the-art video and case file management system, the ICOP iVault MMS (Media Management System) enables the secure storage and management of digital evidence, is PC or server-based, includes web-based file sharing with the highest levels of security, supports most file formats and generates chain of custody reports - a critical requirement for use in prosecuting offenders. ICOP iVault MMS has been installed successfully in over 25 law enforcement agencies. * ICOP EXTREME(TM) Wireless Mic - Used in conjunction with the ICOP Model 20/20-W, this auto-synchronizing wireless microphone began shipping to customers in early 2008. It captures high quality audio for a range of over 2,000 feet (within line-of-sight), representing an industry best. Audio is often more important than video in recording events for first responders. Many competing wireless microphones deliver poor audio quality at short ranges. * ICOP Model 4000(TM) - The ICOP Model 4000 (mobile four or eight channel DVR) combines the advantages of high resolution digital video recording with shockproof mounts to deliver high quality video for mass transit systems. It is capable of live streaming video, making it an ideal solution for entities seeking a robust security solution for public buses, school buses (and rail later this year). The first commercial production run of the ICOP Model 4000 will commence shipping to customers in Q2 2008. * ICOP LIVE(TM) - another industry-first pioneered by ICOP, ICOP LIVE is an enabling technology that permits the live streaming of audio and video from mobile vehicles through the same platform and user interface, offering secure access without a need to upload viewing software on the receiving device. Moreover, it is the only platform on the market that simultaneously streams to multiple web-enabled Windows(R)-devices, including laptops, PDAs, smartphones and desktops. ICOP LIVE was recently demonstrated at the True American Hero Benefit Motorcycle Ride in Sarasota, FL, streaming live audio and video from the ICOP motorcycle to 75 simultaneous viewers across the U.S. And, in March 2008, the Company initiated a nationwide beta test of ICOP LIVE involving a major metropolitan police department, a mid-size city agency and a small first responder agency. -- In spring 2007, ICOP formed a collaborative marketing partnership with Sprint Nextel to co-market ICOP LIVE enabled by Sprint's Mobile Broadband Network. Throughout the year, the Companies have remained actively engaged in jointly participating in a broad range of industry conferences, trade shows, training seminars and sales presentations. -- In October 2007, the Company signed a collaborative marketing agreement with Strix Systems, the leader in high-performance wireless mesh networking, forming a co-marketing partnership and integrated video surveillance mobility solution enabling the companies to collaborate on pursuing mutually beneficial sales opportunities on a global basis for their advanced surveillance and wireless mesh networking solutions, respectively. -- During 2007, ICOP materially enhanced its full-time workforce, increasing to 53 employees, up from 41 at the end of 2006. Key management changes included the hiring of a new CFO, new Director of Engineering, new Director of National Sales and a new Director of Technology. The Company also expanded its Board of Advisors with the addition of Bryan Ferguson, senior executive with Shaw Group (a Fortune 500 company); Tully Plesser, Chairman of Consensus Research Group, one of the foremost marketing companies in the world, serving such clients as Time, Inc, Chase, Citicorp, UBS, ABC-TV and Wal-Mart, among many other notable companies; and Colonel John Garrett, USMC (retired), a National Homeland Security expert with Patton Boggs in Washington, D.C.

Financial highlights for the fiscal year ended December 31, 2007 compared to the fiscal year ended December 31, 2006:

-- Revenues rose 79% to $11.84 million, up from $6.62 million. -- Gross profit margin on sales improved to 43.9% from 42.3%. -- Adjusted EBITDA (see definition and reconciliation of Adjusted EBITDA below) increased 55% to $(3.8) million, when compared to Adjusted EBITDA of $(2.4) million in the comparable fiscal year ended December 31, 2006. -- Net loss increased 55% to $5.46 million, or $0.75 per basic and diluted share, from $3.52 million, or $0.58 per basic and diluted share. The increase was largely due to enhanced investment of $1.80 million in research and development of several new products, which compared to R&D expense of $903,000 in the prior year; several staff additions to the Company's management, sales, engineering and support teams; and non- cash charges of $1.53 million related to the accounting for stock-based compensation expense during 2007, compared to $977,000 in non-cash stock-based compensation expense in 2006.

Financial highlights for the three months ended December 31, 2007 compared to the three months ended December 31, 2006:

-- Revenues totaled $3.29 million, a 14% increase over $2.89 million. -- Gross profit margin on sales declined to 38% from 41.9%. -- Adjusted EBITDA increased 288% to $(1.7) million, when compared to Adjusted EBITDA of $(440,000) in the comparable three month period ended December 31, 2006. -- Net loss was $1.93 million, or $0.26 per basic and diluted share, from $813,000, or $0.12 per basic and diluted share. As noted above, the increase was attributable to higher R&D expense, staff expansion and non-cash stock-based compensation expense.

As of December 31, 2007, the Company had $3.17 million in cash; accounts receivables of $2.92 million; $4.14 million in inventory and working capital of $9.08 million. Total shareholders' equity was $10.6 million.

Adjusted EBITDA is defined as operating loss excluding depreciation and amortization and stock-based compensation expenses. While depreciation and amortization are considered operating costs under U.S. GAAP, these expenses primarily represent a non-cash current period allocation of costs associated with long-lived assets acquired in prior periods. Similarly, the expense recorded for stock-based compensation does not represent a current or future period cash cost.

We believe that Adjusted EBITDA is an important measure of operating performance, leverage capacity, its ability to service its debt, and its ability to make capital expenditures for its stockholders. These calculations are commonly used as a basis for investors, analysts and credit rating agencies to evaluate and compare the operating performance and value of companies within the digital surveillance industry.

Management believes the use of this non-U.S. GAAP measure provides a useful basis for evaluating underlying business unit performance, but should not be considered in isolation and is not a substitute for evaluating business unit performance utilizing U.S. GAAP financial information. Management uses non-U.S. GAAP measures in its budgeting and forecasting processes and to further analyze its financial trends and "operational run-rate," as well as making financial comparisons to prior periods presented on a similar basis. The Company believes that providing such adjusted results allows investors and other users of ICOP's financial statements to better understand ICOP's recurring comparative operating performance for the periods presented.

ICOP's management uses non-U.S. GAAP financial measures, such as Adjusted EBITDA, in its own evaluation of the Company's performance, particularly when comparing performance to past periods. ICOP's non-U.S. GAAP measures may differ from similar measures by other companies, even if similar terms are used to identify such measures. Although ICOP's management believes non-U.S. GAAP measures are useful in evaluating the performance of its business, ICOP acknowledges that items excluded from such measures may have a material impact on the Company's income from operations, pretax income, net income and earnings per share calculated in accordance with U.S. GAAP. Therefore, management typically uses non-U.S. GAAP measures in conjunction with U.S. GAAP results. Investors and users of our financial information should also consider the above factors when evaluating ICOP's results.

The attached schedule provides a full reconciliation of this non-U.S. GAAP financial measure to the most directly comparable corresponding U.S. GAAP financial measure.

ICOP will host a teleconference today beginning at 4:15 PM Eastern, and invites all interested parties to join management in a discussion regarding the Company's third quarter financial results, corporate progression and other meaningful developments. The conference call can be accessed via telephone by dialing toll free 1-800-218-8862 or via the web at http://www.icop.com/. For those unable to participate at that time, a replay of the webcast will be available for 90 days at http://www.icop.com/.

ICOP DIGITAL, INC. Condensed Balance Sheet (Unaudited) Year Ended December 31, 2007 Assets Current assets: Cash and cash equivalents $ 3,166,213 Accounts receivable, net of allowances for doubtful accounts of $114,000 2,915,897 Inventory, at lower of cost or market 4,143,781 Prepaid expenses 502,320 Total current assets 10,728,211 Property and equipment, net of accumulated depreciation of $706,819 1,359,630 Other assets: Deferred patent costs 87,621 Investment 25,000 Security deposit 18,258 Total Assets $ 12,218,720 Liabilities and Shareholders' Equity Current liabilities: Accounts payable $ 735,382 Accrued liabilities 553,105 Unearned revenue 359,937 Total current liabilities 1,648,424 Shareholders' equity: Preferred stock, no par value; 5,000,000 shares authorized, no shares issued and outstanding - Common stock, no par value; 50,000,000 shares authorized, 7,455,054 shares issued and outstanding 29,710,064 Accumulated other comprehensive income 7,729 Retained deficit (19,147,497) Total shareholders' equity 10,570,296 Total Liabilities and Shareholders' Equity $ 12,218,720 ICOP DIGITAL, INC. Condensed Statements of Operations (Unaudited) Three Months Ended Year Ended December 31, December 31, 2007 2006 2007 2006 Sales, net of returns and allowances $3,289,388 2,888,782 $11,842,415 6,620,781 Cost of sales 2,039,410 1,678,563 6,645,018 3,819,842 Gross profit 1,249,978 1,210,219 5,197,397 2,800,939 Operating expenses: Selling, general and administrative 2,784,893 1,637,272 9,040,256 5,535,989 Research and development 443,697 437,465 1,799,555 903,125 Total operating expenses 3,228,590 2,074,737 10,839,811 6,439,114 Operating Loss (1,978,612) (864,518) (5,642,414) (3,638,175) Other income (expense): Realized income on foreign currency translation -- -- 11,691 29,982 Loss on disposal of property and equipment (7,870) (61,795) (15,025) -- Interest income 38,148 120,329 223,810 120,329 Interest expense -- (30,381) (37,802) (30,381) Other income 16,456 22,893 1,456 -- Loss before income taxes (1,931,878) (813,472) (5,458,284) (3,518,245) Income tax provision -- -- -- -- Net loss $(1,931,878) (813,472) $(5,458,284) (3,518,245) Basic and diluted net loss per share $(0.26) (0.12) $(0.75) (0.58) Basic and diluted weighted average common shares outstanding 7,455,054 6,998,370 7,320,699 6,034,032 ICOP Digital, Inc. Reconciliation of Operating Loss to Adjusted EBITDA (unaudited) Three Months Ended Year Ended December 31, December 31, 2007 2006 2007 2006 Operating Loss $(1,978,612) $(864,518) $(5,642,414) $(3,638,175) Add: Depreciation and amortization 109,064 57,955 363,828 238,063 Add: Share-based compensation 128,647 367,000 1,526,309 977,000 Earnings before interest, taxes, depreciation, amortization and share- based compensation (Adjusted EBITDA) $(1,740,901) $(439,563) $(3,752,277) $(2,423,112) About ICOP Digital, Inc.

ICOP Digital, Inc. operates on the core principle that 'without local security, there is no national security.' It endeavors to protect people, assets and profits for communities with innovative, mission- critical security, surveillance and communication solutions. The Company engineers, manufactures and markets mobile and stationary surveillance products for use in the public and private sectors, and facilitates the delivery of live video to first responders. (GSA Contractor)

The ICOP Model 20/20(R)-W, ICOP's flagship, award-winning product, is the leading digital in-car video recorder system for law enforcement. ICOP LIVE(TM) delivers live streaming video to and from first responder vehicles and headquarters, empowering first responders with enhanced real-time situational awareness and actionable intelligence, optimizing the outcome of a crisis. ICOP LIVE delivers live video wirelessly to first responders over any wireless network and to multiple internet enabled Windows(R) devices simultaneously. The ICOP Model 4000(TM), ICOP's newest advanced surveillance solution, is the next generation transit/rail DVR system. The ICOP Model 4000 uses less power than traditional DVR's, which means less heat and translates into a more reliable unit with less downtime. In addition, the ICOP Model 4000 boasts many advanced and innovative features and capabilities, such as wireless file uploading and wireless video streaming, among many others. For more information, please view the following video presentations at http://www.icopdigital.com/why_icop.html and http://www.icop.com/veil.html, or visit http://www.icop.com/.

Safe Harbor Statement

This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The Company may experience significant fluctuations in future operating results due to a number of economic, competitive, and other factors, including, among other things, our reliance on third-party manufacturers and suppliers, government agency budgetary and political constraints, new or increased competition, changes in market demand, and the performance or reliability of our products. These factors and others could cause operating results to vary significantly from those in prior periods, and those projected in forward-looking statements. Additional information with respect to these and other factors, which could materially affect the Company and its operations, are included in certain forms the Company has filed with the Securities and Exchange Commission.

For more information, contact: For ICOP Investor/Media Relations: Laura E. Owen, COO & President Elite Financial Communications 16801 West 116th Street Group/Elite Media Group Lenexa, KS 66219 USA Dodi Handy, President and CEO Phone: (913) 338-5550 Phone: (407) 585-1080 Fax: (913) 312-0264 ICOP@efcg.net Lowen@ICOP.com http://www.icop.com/

ICOP Digital, Inc.

CONTACT: Laura E. Owen, COO & President of ICOP Digital, Inc.,
+1-913-338-5550, Fax: +1-913-312-0264, Lowen@ICOP.com; or Dodi Handy,
President and CEO of Elite Financial Communications Group-Elite Media Group,
+1-407-585-1080, ICOP@efcg.net

Web site: http://www.icop.com/
http://www.icopdigital.com/why_icop.html
http://www.icop.com/veil.html

DigitalFX International to Hold Conference Call Monday, March 31, to Discuss 2007 Financial Results

LAS VEGAS, March 27 /PRNewswire-FirstCall/ -- DigitalFX International , a digital communications company, is hosting a conference call Monday, March 31, to discuss its 2007 financial results ending Dec. 31, 2007. DigitalFX intends to release the financial results after the close of the trading day on March 31.

DigitalFX's Chief Executive Officer, Craig Ellins, and Mickey Elfenbein, DigitalFX's Chief Operating Officer, will host the investor conference call.

The conference call is at 4:30 p.m. EDT / 1:30 p.m. PDT and is accessible via live audio webcast at http://www.vcall.com/. Allow extra time prior to the call to download streaming media software. An online recording also will be available one hour after the webcast.

About DigitalFX International, Inc. DigitalFX International is a creator of digital communications and social networking solutions, as showcased on its social network http://www.helloworld.com/. The company develops and markets proprietary communication and collaboration services, and social networking software applications, including video email, video instant messaging and live webcasting. DigitalFX International, Inc. is democratizing the world of online streaming video and digital media archiving with its flagship product, called The Studio. The Studio is an affordable, cross digital platform web-based solution. Only the DigitalFX Studio brings together all this capability, simply and in one place.

For more information about Digital FX please visit us at http://www.digitalfx.com/.

To receive public information, including press releases, conference calls, SEC filings, profiles, investor kits, News Alerts and other pertinent information, please click on the following link: http://www.b2i.us/irpass.asp?BzID=1407&to=ea&s=0

FORWARD-LOOKING STATEMENTS

The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward- looking statements. An example of a forward-looking statement includes anticipated completion of the beta testing of Company's new 5.0 product. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward- looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The safe harbor for forward-looking statements contained in the Securities Litigation Reform Act of 1995 protects companies from liability for their forward-looking statements if they comply with the requirements of the Act.

Contact Info: Alison Simard Media Relations Stern & Co. 323-650-7117 Investor Relations Mike Flanigan or Ted Tackaberry Communication Initiatives 888-724-0208 IR@digitalfx.com Corporate Development Amy Black Founder and President VMdirect 702-743-9412

DigitalFX International

CONTACT: Alison Simard, Media Relations, Stern & Co., +1-323-650-7117;
Investor Relations - Mike Flanigan or Ted Tackaberry, both of Communication
Initiatives, 1-888-724-0208, IR@digitalfx.com; Corporate Development - Amy
Black, Founder and President, VMdirect, +1-702-743-9412, all for DigitalFX

Web site: http://www.digitalfx.com/
http://www.helloworld.com/
http://www.b2i.us/irpass.asp?BzID=1407&to=ea&s=0

B.O.S. Better Online Solutions Reports Fourth Quarter and Year 2007 Financial ResultsOutlook for 2008 - Growth of 123% in Proforma revenues to $55 million and EBITDA over $2 million

RISHON LEZION, Israel, March 27 /PRNewswire-FirstCall/ -- B.O.S. Better Online Solutions Ltd. ("BOS" or the "Company") , a leading provider of comprehensive Mobile and RFID solutions and Supply Chain solutions for the enterprise, reported today its results for the fourth quarter and the year ended December 31, 2007.

Shmuel Koren, BOS' President & CEO said: "2007, which was my first year with the Company, was a very intensive year for us, as we focused on building the Company for 2008 and onwards. We consummated two important acquisitions: first of Summit Radio Corp. in the United States, and recently we closed the Dimex acquisition in Israel. In addition, we have upgraded our Research & Development and Sales & Marketing teams, and as a result can now offer more comprehensive solutions, mainly in the field of Mobile & RFID. With these in place, we are, for the first time, providing the market with forecasts relating to our operational business in 2008. I look forward to a challenging and prosperous 2008 "

Highlights -- Outlook for 2008 - Proforma revenues of $55 million and EBITDA over $2 million (giving effect to the acquisitions of Dimex, as if it had occurred on January 1, 2008). -- Net Loss from continuing operations for the year 2007 was $8.6 million, $7.3 million of which resulted from: * $5.6 million loss in BOS's holdings in New World Brands Inc. (OTC Bulletin Board: NWBD) and Qualmax Inc. (Pink Sheets: QMXI.PK), due to a decrease in the share price of these companies as of December 31, 2007. The Company received its holdings in New World Brands and Qualmax in the years 2005 and 2006 as consideration for selling its communication division and the results of these companies have no effect on our business or our cash flow planning; * $611 thousands, non cash expenses related to conversion of convertible notes into equity during June 2007; * $1.1 million related to amortizations and options compensation. -- Record revenues in the fourth quarter of $7.2 million and record back log of $12.9 million as of December 31, 2007. -- Net loss on a non-GAAP basis for the year 2007 was $1 million and for the fourth quarter of year 2007 was $671 thousands

Revenues for the fourth quarter of 2007 amounted to $7.2 million, an 18.7% increase over the revenues in the comparable quarter in 2006. Revenues for the year ended 2007 amounted to $23.8 million, a 13.6% increase over the revenues in 2006.

Our backlog as of December 31, 2007 amounted to a record number of $12.9 million, compared to $6.1 million at the end of 2006.

Gross profit for the fourth quarter of 2007 amounted to $1.1 million, compared to $1.3 million in the fourth quarter of 2006. On a non GAAP basis (i.e. excluding amortization of intangible assets and inventory write off), the gross profit of the fourth quarter of 2007 was $1.46 million compared to $1.3 million in the fourth quarter of 2006. Gross profit for the year 2007 amounted to $4.7 million which is the same amount as was in 2006. On a non GAAP basis (i.e. excluding amortization of intangible assets and inventory write off), the gross profit of the year 2007 was $5.0 million, compared to $4.7 million in the year 2006.

Operating loss in the fourth quarter of 2007 amounted to $1.3 million, compared to operating loss of $283 thousands in the fourth quarter of 2006. On a non GAAP basis (i.e. excluding amortization of intangible assets and inventory write off and options compensation), the operating loss for the fourth quarter of 2007 was $640 thousands compared to a loss of $81 thousands in the fourth quarter of 2006.

The increase in operating loss is attributed mainly to: (a) Extensive investments in expanding our direct and indirect sales channels worldwide, especially in the Americas. In addition, we made investments in technology to expand our product offerings, mainly by developing an RFID platform that supports a variety of solutions. This combination of investment in sales channels and significantly strengthening our technological offerings is expected to be our growth engine for the year 2008. (b) As a result of the sharp devaluation of the dollar against the NIS, in the rate of 9.9% during the year 2007, our payroll costs, which are quoted in NIS and translated into dollars for reporting purposes, increased by approximately $240 thousands in the year 2007 and by $60 thousand in the fourth quarter of 2007. We are in process of adjusting our pricing model, in order to reduce the effect of the devaluation of the dollar against the NIS on the year 2008 results. (c) During the year 2007 we explored several merger and acquisition opportunities, which did not mature into a transaction but resulted in an increase in our operating expenses.

Financial expenses in the fourth quarter of 2007 amounted to $47 thousands, as compared to $224 thousands in the fourth quarter of 2006. Financial expenses in the year 2007 amounted to $469 thousands, compared to $626 thousands in the year 2006. The reduction is related to the conversion of convertible notes in June 2007.

Other expenses in the fourth quarter of 2007 and for the year 2007 include a $5.6 million loss in BOS's holdings in New World Brands Inc. (OTC Bulletin Board: NWBD) and Qualmax Inc. (Pink Sheets: QMXI.PK), due to a decrease in the share price of these companies as of December 31, 2007. The Company received its holdings in New World Brands and Qualmax in the years 2005 and 2006 as consideration for selling its communication division and the results of these companies have no effect on our business or our cash flows planning.

On June 21, 2007, the holder of our convertible notes converted the entire outstanding principal amount of the notes, of approximately $ 2.2 million, into BOS Ordinary Shares. As a result of the conversion, the Company recorded a one-time non-cash expense in the second quarter of 2007, in the amount of $611 thousands.

Loss from continuing operations for the fourth quarter of 2007 amounted to $6.8 million, compared to loss of $445 thousands in the fourth quarter of 2006. On a non GAAP basis (i.e. excluding amortization of intangible assets, inventory write off, options compensation, loss related to holdings in New World Brands Inc. and Qualmax Inc., and expenses related to conversion of debt), the operating loss for the fourth quarter of 2007 was $671 thousands, compared to a loss of $308 thousands in the fourth quarter of 2006.

Loss from continuing operations for the year 2007 amounted to $8.6 million, compared to loss of $1.6 million in the year 2006. On a non GAAP basis (i.e. excluding amortization of intangible assets, inventory write off, options compensation, loss related to holding in New World Brands Inc. and Qualmax Inc. and expenses related to conversion of debt), the loss from continuing operations for year 2007 was $1.3 million compared to loss of $723 thousands in year 2006.

On November 21, 2007, we purchased 100% of the outstanding shares of Summit Radio Corp. This acquisition is an important addition to our international activities, especially in the United States. We believe that Summit's business is highly synergetic with the business of our supply-chain division. Summit's reputation, built over 50 years of operations, allows us to expand our supply-chain sales to major international aviation and aerospace manufacturers, as well as offer our RFID and enterprise software solutions to the US market.

On March 12, 2008, we completed the acquisition of the assets and activities of Dimex Systems Ltd. ("Dimex"). Dimex, Israeli private company incorporated in 1988, is an integrator of AIDC (Automatic Identification and Data Collection) solutions based on RFID and Barcode technology. We have already begun to leverage the substantial synergy between BOS and Dimex and offer integrated solutions that are very well received by the market and are leading us to becoming a significant player in the Mobile & RFID market.

Information with respect to non-GAAP reconciliation to GAAP accompanies the condensed financial statements in this release.

Liquidity and capital resources

Our cash and cash equivalents increased to $4.3 million as of December 31, 2007, from $2 million as of December 31, 2006. Shareholders equity increased to $14.4 million as of December 31, 2007 from $12.3 million as of December 31, 2006. Our liabilities increased to $16.7 million as of December 31, 2007 from $12.2 million as of December 31, 2006.

Edouard Cukierman BOS' Chairman of the Board added: "With the acquisitions of Summit and of Dimex, and the Company's increasing presence in the RFID market, we look forward to a positive impact on our results in the year 2008."

About BOS B.O.S Better Online Solutions Ltd. ("BOS") was established in 1990. BOS's operations consist of: (i) Fully integrated Mobile and RFID Solutions that combine: (a) Software Applications - RFID Server, system management application and data collection tools with seamless interface to business application, and (b) Mobile Infrastructure - Automatic identification and data collection equipment based on RFID and barcode technology; and (ii) Supply Chain Solutions, reselling electronic systems and components for security, aerospace and network.

BOS is traded on NASDAQ and on the Tel-Aviv Stock Exchange. Our website is http://www.boscorporate.com/.

For further information please contact: B.O.S Better Online Solutions Ltd. Mr. Zvi Rabin +972 50-560-0140 zvi@kwan.co.il or Mr. Eyal Cohen, CFO, +972-3-954-1000 eyalc@boscom.com

The forward-looking statements contained herein reflect management's current views with respect to future events and financial performance. These forward-looking statements are subject to certain risks and uncertainties that could cause the actual results to differ materially from those in the forward- looking statements, all of which are difficult to predict and many of which are beyond the control of BOS. These risk factors and uncertainties include, amongst others, the dependency of sales being generated from one or few major customers, the uncertainty of our being able to maintain current gross profit margins, inability to keep up or ahead of technology and to succeed in a highly competitive industry, inability to maintain marketing and distribution arrangements and to expand our overseas markets, uncertainty with respect to the prospects of legal claims against BOS; and additional risks and uncertainties detailed in BOS's periodic reports and registration statements filed with the U.S. Securities Exchange Commission. BOS undertakes no obligation to publicly update or revise any such forward-looking statements to reflect any change in its expectations or in events, conditions or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward-looking statements.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS U.S. dollars in thousands, except per share data Year ended Three months ended Dec 31, Dec 31, 2007 2006 2007 2006 Revenues: Mobile and RFID solutions $2,673 $2,344 $410 $717 Supply Chain Solutions 21,101 18,573 6,782 5,343 ----------------------------------------------------------------------- Total Revenues 23,774 20,917 7,192 6,060 Cost of revenues: Mobile and RFID solutions 1,237 943 166 313 Supply Chain Solutions 17,862 15,257 5,909 4,427 ----------------------------------------------------------------------- Total cost of revenues 19,099 16,200 6,075 4,740 Gross profit: Mobile and RFID solutions 1,436 1,401 244 404 Supply Chain Solutions 3,239 3,316 873 916 ----------------------------------------------------------------------- Total gross profit 4,675 4,717 1,117 1,320 Operating costs and expenses: Research and development 636 486 273 76 In-process research and development 170 - 170 - Sales and marketing 3,811 2,019 1,341 556 General and administrative 1,980 3,268 606 971 ----------------------------------------------------------------------- Total operating costs and expenses 6,597 5,773 2,390 1,603 Operating loss (1,922) (1,056) (1,273) (283) Financial expenses, net (469) (626) (47) (224) Expenses related to conversion of convertible note (611) - - - Other income (expenses), net (5,622) - (5,596) 29 Loss before taxes on income (8,624) (1,682) (6,916) (478) Taxes benefit (expenses) (9) 89 70 33 Loss from continuing operations (8,633) (1,593) (6,846) (445) Income related to discontinued operations 237 1,685 - 757 Net income (loss) (8,396) $92 $(6,846) $312 Basic and diluted net loss per share from continuing operations $(1.00) $(0.24)$ (0.69) $(0.07) Diluted net earnings per share from discontinued operations $0.02 $0.25 $ - $0.11 Basic and diluted net earnings (loss) per share $(0.97) $0.01 $(0.69) $0.04 CONDENSED CONSOLIDATED BALANCE SHEETS U.S. dollars in thousands, except per share data December 31, December 31, 2007 2006 ASSETS CURRENT ASSETS: Cash and cash equivalents $4,271 $2,033 Trade receivables, net 9,114 5,632 Other accounts receivable and prepaid expenses 945 858 Inventories 8,321 4,017 --------------------------------------------------------------------- Total current assets 22,651 12,540 LONG-TERM ASSETS: Severance pay fund 687 741 Investment in other companies 2,494 8,082 Other assets 42 65 --------------------------------------------------------------------- Total long-term assets 3,223 8,888 PROPERTY, PLANT AND EQUIPMENT, NET 719 520 GOODWILL 2,861 952 OTHER INTANGIBLE ASSETS, NET 1,678 1,629 $31,132 $24,529 LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Short-term bank loans and current maturities $5,028 $2,949 Current maturities of convertible note - 1,139 Trade payables 5,258 3,844 Employees and payroll accruals 552 460 Deferred revenues 116 103 Accrued expenses and other liabilities 1,290 999 --------------------------------------------------------------------- Total Current Liabilities 12,244 9,494 LONG-TERM LIABILITIES: Long-term bank loans, net of current maturities 3,286 - Convertible note, net of current maturities - 1,171 Deferred taxes 366 362 Accrued severance pay 798 916 Other long-term liabilities - 237 --------------------------------------------------------------------- Total long-term liabilities 4,450 2,686 SHAREHOLDERS' EQUITY 14,438 12,349 --------------------------------------------------------------------- Total liabilities and shareholder's equity $31,132 $24,529

Reconciliation of Non-GAAP Financial Measures in Accordance with SEC Regulation G

BOS reports financial results in accordance with U.S. GAAP and herein provides some non-GAAP measures. These non-GAAP measures are not in accordance with, nor are they a substitute for, GAAP measures. These non-GAAP measures are intended to supplement the Company's presentation of its financial results that are prepared in accordance with GAAP. The Company uses the non-GAAP measures presented to evaluate and manage the Company's operations internally. The Company is also providing this information to assist investors in performing additional financial analysis that is consistent with financial models developed by research analysts who follow the Company.

The reconciliation set forth below is provided in accordance with Regulation G and reconciles the non-GAAP financial measures with the most directly comparable GAAP financial measures.

Reconciliation of GAAP to Non-GAAP results of operation (U.S. dollars in thousands):

Year ended Dec 31, 2007 2006 GAAP Adjustments Non GAAP Adjust- Non basis GAAP basis ments GAAP (Unaudited) (Unaudited) Revenues : Mobile and RFID solutions $2,673 - $2,673 $2,344 - $2,344 Supply Chain Solutions 21,101 21,101 18,573 18,573 -------------------------------------------------------------------------- Total revenues 23,774 23,774 20,917 20,917 Gross profit: Mobile and RFID solutions 1,436 8a, 13b 1,457 1,401 - 1,401 Supply Chain Solutions 3,239 81a, 245b 3,565 3,316 - 3,316 -------------------------------------------------------------------------- Total gross profit 4,675 347 5,022 4,717 4,717 Operating costs and expenses: Research and development 636 636 486 - 486 In-process research and development 170 (170)a - - - - Sales and marketing 3,811 (206)a 3,309 2,019 (208)a 1,659 (296)c (152)c General and administrative 1,980 (219)c 1,761 3,268 (575)c 2,693 -------------------------------------------------------------------------- Total operating costs and expenses 6,597 (891) 5,706 5,773 (935) 4,838 Operating income (loss) (1,922) 1,238 (684) (1,056) 935 (121) Financial expenses, net (469) - (469) (626) - (626) Expenses related to conversion of convertible note (611) 611 d - - - - Other income (expenses), net (5,622) 5,588e (34) - - - Loss before taxes on income (8,624) 7,437 (1,187) (1,682) 935 (747) Taxes on income (9) (94) a (103) 89 (65)a 24 Income (loss) from continuing operations (8,633) 7,343 (1,290) (1,593) 870 (723) Income related to discontinued operations 237 - 237 1,685 - 1,685 Net income (loss) $(8,396) $7,343 $(1,053) $92 $870 $962 Three months ended Dec 31, 2007 2006 GAAP Adjust- Non GAAP Adjust- Non basis ments GAAP basis ments GAAP (Unaudited) (Unaudited) Revenues : Mobile and RFID solutions $410 - $410 $717 - $717 Supply Chain Solutions 6,782 - 6,782 5,343 - 5,343 Total revenues 7,192 7,192 6,060 6,060 Gross profit: Mobile and RFID solutions 244 4a, 13b 261 404 - 404 Supply Chain Solutions 873 81a, 245b 1,199 916 - 916 -------------------------------------------------------------------------- Total gross profit 1,117 343 1,460 1,320 - 1,320 Operating costs and expenses: Research and development 273 273 76 - 76 In-process research and development 170 (170)a - - - - Sales and marketing 1,341 (53)a(61)c 1,227 556 (52)a 504 General and administrative 606 (6)c 600 971 (150)c 821 -------------------------------------------------------------------------- Total operating costs and expenses 2,390 (290) 2,100 1,603 (202) 1,401 Operating income (loss) (1,273) 633 (640) (283) 202 (81) Financial expenses, net (47) - (47) (224) - (224) Other income (expenses), net (5,596) 5,588e (8) 29 - 29 Loss before taxes on income (6,916) 6,221 (695) (478) 202 (276) Taxes on income 70 (46)a 24 33 (65)a (32) Income (loss) from continuing operations (6,846) 6,175 (671) (445) 137 (308) Income related to discontinued operations - - - 757 - 757 Net income (loss) $(6,846) $6,175 $(671) $312 $137 $449 Notes to the Proforma: a) Amortization of intangible assets b) Inventory write-off c) Stock based compensation d) Expenses related to conversion of convertible note e) Loss related to holding in New World Brands Inc. (NWBD.OB) and Qualmax Inc. (QMXI.PK)

B.O.S. Better Online Solutions Ltd.

CONTACT: Mr. Zvi Rabin, +972 50-560-0140, zvi@kwan.co.il, or Mr. Eyal
Cohen, CFO, +972-3-954-1000, eyalc@boscom.com, both of B.O.S Better Online
Solutions Ltd.

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

Global Payments Reports Third Quarter Earnings

ATLANTA, March 27 /PRNewswire/ --

Global Payments Inc. (NYSE: GPN) today announced results for its third quarter ended February 29, 2008. For the third quarter, revenue grew 19 percent to US$310.6 million compared to US$260.4 million in the prior year. Excluding the favorable impact of a non-recurring, non-cash operating tax item (included in sales, general and administrative expenses), diluted earnings per share grew 5 percent to US$0.44 compared to US$0.42 in the prior year quarter.

(Logo: http://www.newscom.com/cgi-bin/prnh/20010221/ATW031LOGO)

For the nine months ended February 29, 2008, revenue grew 19 percent to US$930.4 million compared to US$781.4 million in the prior year period. Excluding the impact of current period restructuring charges and the operating tax item described above, diluted earnings per share grew 9 percent to US$1.46 from US$1.34 in the prior year period.

In accordance with GAAP, the current quarter and year-to-date periods include restructuring charges and the operating tax item described above (see attached reconciliation schedule). These items are reflected in our GAAP diluted earnings per share amounts. For the three and nine months ended February 29, 2008, GAAP diluted earnings per share were US$0.50 and US$1.51, respectively, compared to US$0.42 and US$1.34, respectively, in the prior year comparable periods.

Comments and Outlook

"Based on these results and trends, we are providing annual fiscal 2008 revenue guidance of US$1,250 million to US$1,260 million. This revenue guidance reflects an expected 18 percent to 19 percent growth versus US$1,061.5 million in fiscal 2007. In addition, we are providing annual fiscal 2008 diluted earnings per share guidance of US$1.95 to US$1.97, or 10 percent to 11 percent growth versus US$1.77 in fiscal 2007.(1) This includes the impact of stock option expenses as a result of our June 1, 2006 adoption of FAS 123R. Our guidance excludes the impact of future significant acquisitions, and these earnings per share ranges exclude the impact of the operating tax item described above, in addition to restructuring and other charges," said Garcia.

Conference Call

Global Payments will hold a conference call today, March 27, 2008 at 5:00 p.m. ET to discuss financial results and business highlights. The conference call may be accessed by calling +1-888-599-4884 (U.S. and Canada) or +1-913-312-0961 (outside U.S. and Canada) and using a pass code of "GPN" for both numbers, or via Web cast at www.globalpaymentsinc.com. A replay of the call will be available on the Global Payments Web site through April 10, 2008.

(1) Fiscal 2007 diluted earnings per share was US$1.75 on a GAAP basis, which includes restructuring and other charges equivalent to US$0.02 in diluted earnings per share.

Global Payments Inc. (NYSE: GPN) is a leading provider of electronic transaction processing services for consumers, merchants, Independent Sales Organizations (ISOs), financial institutions, government agencies and multi-national corporations located throughout the United States, Canada, Latin America, Europe and the Asia-Pacific region. Global Payments offers a comprehensive line of processing solutions for credit and debit cards, business-to-business purchasing cards, gift cards, electronic check conversion and check guarantee, verification and recovery including electronic check services, as well as terminal management. The company also provides consumer money transfer services from the U.S. and Europe to destinations in Latin America, Morocco and the Philippines. For more information about the company and its services, visit www.globalpaymentsinc.com.

This announcement and comments made by Global Payments' management during the conference call contain certain forward-looking statements within the meaning of the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including revenue and earnings estimates and management's expectations regarding future events and developments, are forward looking statements and are subject to significant risks and uncertainties. Important factors that may cause actual events or results to differ materially from those anticipated by such forward-looking statements include the following: continued certification by credit card associations, foreign currency risks, competition and pricing, product demand, market and customer acceptance, development difficulties, the effect of economic conditions and consumer spending, security breaches or system failures, costs of capital, changes in immigration patterns, changes in state, federal or foreign laws and regulations affecting the electronic money transfer industry, increases in credit card association fees, utility or system interruptions, the ability to consummate and integrate acquisitions, and other risks detailed in the company's SEC filings, including the most recently filed Form 10-Q or Form 10-K, as applicable. The company undertakes no obligation to revise any of these statements to reflect future circumstances or the occurrence of unanticipated events.

Contact: Jane M. Elliott +1-770-829-8234 Voice +1-770-829-8267 Fax investor.relations@globalpay.com (All amounts in USD unless otherwise specified) UNAUDITED CONSOLIDATED STATEMENTS OF INCOME GLOBAL PAYMENTS INC. AND SUBSIDIARIES (In thousands, except per share data) Three Months Ended February 29/28, 2008 2007 Revenues $310,641 $260,418 Operating expenses: Cost of service 117,661 103,555 Sales, general and administrative 133,069 105,670 250,730 209,225 Operating income 59,911 51,193 Other income (expense): Interest and other income 4,767 4,728 Interest and other expense (2,198) (2,399) 2,569 2,329 Income before income taxes and minority interest 62,480 53,522 Provision for income taxes (19,265) (17,148) Minority interest, net of tax (3,160) (2,078) Net income $40,055 $34,296 Earnings per share: Basic $0.51 $0.43 Diluted $0.50 $0.42 Weighted average shares outstanding: Basic 79,219 80,421 Diluted 80,650 81,972

UNAUDITED CONSOLIDATED STATEMENTS OF INCOME GLOBAL PAYMENTS INC. AND SUBSIDIARIES (In thousands, except per share data) Nine Months Ended February 29/28, 2008 2007 Revenues $930,397 $781,423 Operating expenses: Cost of service 350,483 307,511 Sales, general and administrative 394,023 306,889 Restructuring 1,317 - 745,823 614,400 Operating income 184,574 167,023 Other income (expense): Interest and other income 14,643 12,052 Interest and other expense (5,339) (6,298) 9,304 5,754 Income before income taxes and minority interest 193,878 172,777 Provision for income taxes (64,071) (55,749) Minority interest, net of tax (7,864) (7,221) Net income $121,943 $109,807 Earnings per share: Basic $1.53 $1.37 Diluted $1.51 $1.34 Weighted average shares outstanding: Basic 79,584 80,098 Diluted 81,023 81,756

CONSOLIDATED CONDENSED BALANCE SHEETS GLOBAL PAYMENTS INC. AND SUBSIDIARIES (In thousands) February 29, May 31, 2008 2007 (Unaudited) Assets Cash and cash equivalents $388,467 $308,872 Accounts receivable, net 83,209 76,168 Claims receivable, net 2,296 2,187 Settlement processing assets 15,647 32,853 Other current assets 39,153 24,349 Current assets 528,772 444,429 Property and equipment, net 134,695 118,495 Goodwill 472,543 451,244 Other intangible assets, net 176,555 175,620 Other assets 13,204 10,841 Total assets $1,325,769 $1,200,629 Liabilities and Shareholders' Equity Lines of credit $1,126 $- Settlement processing obligations 33,643 20,617 Payable to money transfer beneficiaries 7,594 6,589 Accounts payable and other accrued liabilities 126,695 115,671 Current liabilities 169,058 142,877 Other long-term liabilities 82,431 85,043 Total liabilities 251,489 227,920 Minority interest in equity of subsidiaries 16,129 14,933 Shareholders' equity 1,058,151 957,776 Total liabilities and shareholders' equity $1,325,769 $1,200,629

UNAUDITED CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOW GLOBAL PAYMENTS INC. AND SUBSIDIARIES (In thousands) Nine Months Ended February 29/28, 2008 2007 Cash flows from operating activities: Net income $121,943 $109,807 Non-cash items Depreciation and amortization 32,220 30,344 Minority interest in earnings 7,794 7,664 Other, net 22,217 18,586 Changes in working capital, which provided (used) cash Settlement processing assets and obligations, net 26,297 21,608 Other, net (26,561) (24,081) Net cash provided by operating activities 183,910 163,928 Cash flows from investing activities: Capital expenditures (31,926) (23,234) Business and intangible asset acquisitions (12,051) (80,230) Net cash used in investing activities (43,977) (103,464) Cash flows from financing activities: Net borrowings on lines of credit 1,126 - Principal payments under capital leases - (746) Repurchase of common stock (87,020) - Net proceeds under share-based compensation plans and dividends 17,829 17,263 Distributions to minority interests, net (7,085) (6,751) Net cash (used in) provided by financing activities (75,150) 9,766 Effect of exchange rate changes on cash 14,812 3,354 Increase in cash and cash equivalents 79,595 73,584 Cash and cash equivalents, beginning of period 308,872 218,475 Cash and cash equivalents, end of period $388,467 $292,059

UNAUDITED CONSOLIDATED STATEMENTS OF INCOME GLOBAL PAYMENTS INC. AND SUBSIDIARIES Reconciliation to Exclude an Operating Tax Item from Normalized Results (In thousands, except per share data) Three Months Ended February 29/28, 2008 2007 Opera- ting Tax Normalized Item(1) GAAP GAAP Revenues $310,641 $- $310,641 $260,418 Operating expenses: Cost of service 117,661 - 117,661 103,555 Sales, general and administrative 140,117 (7,048) 133,069 105,670 257,778 (7,048) 250,730 209,225 Operating income 52,863 7,048 59,911 51,193 Other income/(expense): Interest and other income 4,767 - 4,767 4,728 Interest and other expense (2,198) - (2,198) (2,399) 2,569 - 2,569 2,329 Income before income taxes 55,432 7,048 62,480 53,522 Provision for income taxes (16,936) (2,329) (19,265) (17,148) Minority interest, net of tax (3,160) - (3,160) (2,078) Net income $35,336 $4,719 $40,055 $34,296 Diluted shares 80,650 - 80,650 81,972 Diluted earnings per share $0.44 $0.06 $0.50 $0.42 (1) Relates to the favorable impact of a non-recurring, non-cash operating tax item included in sales, general and administrative expenses. We define operating taxes as those that are unrelated to income taxes, such as sales and property taxes. During the three months ended February 29, 2008, we determined that a contingent liability relating to an operating tax item was no longer deemed probable. As such, we released the related liability. Also reflects the related income tax benefit using the company's effective tax rate, which is defined as the provision for income taxes divided by income before income taxes and minority interest.

UNAUDITED CONSOLIDATED STATEMENTS OF INCOME GLOBAL PAYMENTS INC. AND SUBSIDIARIES Reconciliation to Exclude Restructuring Charges and an Operating Tax Item from Normalized Results (In thousands, except per share data) Nine Months Ended February 29/28, 2008 2007 Opera- ting Restruc- Tax Normalized turing(1) Item(2) GAAP GAAP Revenues $930,397 $- $- $930,397 $781,423 Operating expenses: Cost of service 350,483 - - 350,483 307,511 Sales, general and administrative 401,071 - (7,048) 394,023 306,889 Restructuring - 1,317 - 1,317 - 751,554 1,317 (7,048) 745,823 614,400 Operating income 178,843 (1,317) 7,048 184,574 167,023 Other income/(expense): Interest and other income 14,643 - - 14,643 12,052 Interest and other expense (5,339) - - (5,339) (6,298) 9,304 - - 9,304 5,754 Income before income taxes 188,147 (1,317) 7,048 193,878 172,777 Provision for income taxes (62,191) 449 (2,329) (64,071) (55,749) Minority interest, net of tax (7,864) - - (7,864) (7,221) Net income $118,092 $(868) $4,719 $121,943 $109,807 Diluted shares 81,023 - - 81,023 81,756 Diluted earnings per share $1.46 $(0.01) $0.06 $1.51 $1.34 (1) Restructuring charges consist of employee termination benefits relating to a facility closure. Also reflects the related income tax benefit using the company's effective tax rate, which is defined as the provision for income taxes divided by income before income taxes and minority interest. (2) Relates to the favorable impact of a non-recurring, non-cash operating tax item included in sales, general and administrative expenses. We define operating taxes as those that are unrelated to income taxes, such as sales and property taxes. During the nine months ended February 29, 2008, we determined that a contingent liability relating to an operating tax item was no longer deemed probable. As such, we released the related liability. Also reflects the related income tax benefit using the company's effective tax rate, which is defined as the provision for income taxes divided by income before income taxes and minority interest.

SEGMENT INFORMATION GLOBAL PAYMENTS INC. AND SUBSIDIARIES (In thousands) Three Months Ended February 29/28, 2008 2007 Revenues Domestic direct $171,372 $135,896 Canada 61,256 54,630 Asia-Pacific 18,977 14,737 Central and Eastern Europe 14,455 12,244 Domestic indirect and other 10,666 11,564 Merchant services 276,726 229,071 Domestic 28,007 26,903 Europe 5,908 4,444 Money transfer 33,915 31,347 Total revenues $310,641 $260,418 Operating income Merchant services(1) $72,118 $62,033 Money transfer 1,156 2,249 Corporate (13,363) (13,089) Operating income $59,911 $51,193 (1) Includes the favorable impact of a non-recurring, non-cash operating tax item of $7.0 million in the three months ended February 29, 2008.

SEGMENT INFORMATION GLOBAL PAYMENTS INC. AND SUBSIDIARIES (In thousands) Nine Months Ended February 29/28, 2008 2007 Revenues Domestic direct $504,709 $403,860 Canada 193,705 170,314 Asia-Pacific 53,467 35,072 Central and Eastern Europe 42,365 38,767 Domestic indirect and other 32,894 35,178 Merchant services 827,140 683,191 Domestic 86,003 86,093 Europe 17,254 12,139 Money transfer 103,257 98,232 Total revenues $930,397 $781,423 Operating income Merchant services(1) $219,316 $196,275 Money transfer 6,117 10,995 Corporate (39,542) (40,247) Restructuring (1,317) - Operating income $184,574 $167,023 (1) Includes the favorable impact of a non-recurring, non-cash operating tax item of US$7.0 million in the nine months ended February 29, 2008.

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

Global Payments Inc.

Jane M. Elliott of Global Payments Inc., +1-770-829-8234 Voice, +1-770-829-8267 Fax, investor.relations@globalpay.com; Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20010221/ATW031LOGO, AP Archive: http://photoarchive.ap.org, PRN Photo Desk, photodesk@prnewswire.com

Captaris Responds to Letter from Vector Capital

BELLEVUE, Wash., March 27 /PRNewswire-FirstCall/ -- Captaris, Inc. , a leading provider of software products that automate document-centric business processes, today announced that it has sent a letter to Vector Capital, a private equity firm which has made an unsolicited proposal to acquire all of the Company's outstanding shares. In the letter, the Company reiterated its invitation to Vector to participate in its strategic alternatives process on a fair and equal basis with other potential bidders.

As previously announced, Captaris' Board has established a special committee of independent directors to explore strategic alternatives available to the Company. As instructed by the special committee and consistent with its stated intent to conclude the process as expeditiously as possible, the Company's financial advisors are actively engaged in soliciting interest from potential bidders.

The full text of the letter that Captaris sent to Vector Capital follows: March 27, 2008 Vector Capital Corporation 456 Montgomery Street, 19th Floor San Francisco, CA 94104 Attention: Alex Slusky Dear Alex: We welcome Vector Capital's continued interest in Captaris. As communicated by our financial advisors in several communications with Vector representatives, as well as in our press release of March 18, 2008 and letter of March 21, 2008, your proposal to acquire the outstanding common stock of Captaris will be carefully considered and reviewed together with all other proposals that are developed during our on-going evaluation of strategic alternatives. We have recently initiated the process to evaluate Captaris' strategic alternatives and believe more firmly than ever that the best way to achieve maximum value for Captaris shareholders is through the successful completion of this process. We will, of course, evaluate any offer you make on an equal footing with proposals from other interested parties in the context of our consideration of all the alternatives available to us. Sincerely, Bruce L. Crockett Chairman of the Board cc: Peter Malloy, Esq. Andrew Bor, Esq.

Captaris has retained RBC Capital Markets as its financial advisor; in addition to RBC, Credit Suisse continues to be engaged as financial advisor. Perkins Coie LLP and Simpson Thacher & Bartlett LLP are acting as the Company's and the Board's legal advisors, respectively.

About Captaris, Inc.

Captaris, Inc. is a leading provider of software products that automate document centric business processes. Captaris specializes in document capture, recognition, routing, workflow, and delivery. Captaris integrated solutions provide interoperability with leading line of business applications and technology platforms. Captaris products include RightFax, Captaris Workflow, Alchemy, FaxPress, DOKuStar, RecoStar, Single Click Entry, and ID-Star which are distributed through a global network of leading technology partners. Captaris customers include the entire Fortune 100 and the majority of Global 2000 companies. Headquartered in Bellevue, Washington, Captaris was founded in 1982 and is publicly traded on NASDAQ Global Market under the symbol CAPA. http://www.captaris.com/.

The following are registered trademarks and trademarks of Captaris: Captaris, Alchemy, RightFax, FaxPress and Captaris Workflow. RecoStar, DOKuStar, ID-Star and Single Click Entry are trademarks of Captaris Document Technologies GmbH. All other brand names and trademarks are the property of their respective owners.

CONTACT: Investors Peter Papano, Captaris, Inc., +1-425-638-4200, peterpapano@captaris.com; or Todd Kehrli, MKR Group, Inc., +1-323-468-2300, capa@mkr-group.com; or Tim Lynch, Joele Frank, Wilkinson Brimmer Katcher, +1-212-355-4449, tlynch@joelefrank.com Web site: http://www.captaris.com/

Captaris, Inc.

CONTACT: Peter Papano of Captaris, Inc., +1-425-638-4200,
peterpapano@captaris.com; or Todd Kehrli of MKR Group, Inc., +1-323-468-2300,
capa@mkr-group.com; or Tim Lynch of Joele Frank, Wilkinson Brimmer Katcher,
+1-212-355-4449, tlynch@joelefrank.com

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

Verizon CEO Ivan Seidenberg Encourages America to 'Think Big' When it Comes to BroadbandCompany's Investment 'Creates Ripples of Economic Opportunity'; A Healthy Communications Industry 'Vital to America'Technology Could Be Used to Address Challenges in Society

BOSTON, March 27 /PRNewswire/ -- Verizon Chairman and Chief Executive Officer Ivan Seidenberg said Thursday (March 27) that technological innovation and investment are growth engines not only for the company, but for the country, and that the power of technology can be used to address the challenges in our society.

Speaking at the CEO Club of Boston, Seidenberg said, "Like all technology- driven businesses, we're big believers that investment and innovation are the keys to long-term growth. That's just as true for our country as it is for our company.

"If we want our citizens to be able to compete for jobs and wealth in this global information economy, America needs to think big when it comes to broadband -- doubling down on growth and encouraging investment that will rev up this vital growth engine."

In describing Verizon's initiatives in expanding broadband and wireless services, Seidenberg said the company is creating real and lasting value for its customers and shareowners. Verizon's capital investment of about $17 billion a year is helping the company to be the best network company, he said.

He noted that Verizon has spent $3 billion in Massachusetts -- an important market for Verizon -- over the past five years, giving the state a communications infrastructure "that rivals the best in the world." The company's wireless network offers voice and high-speed data services across the state. In addition, the company recently announced a $200 million capital plan that will bring the company's all-fiber FiOS services to 30 more communities in the state, expand and upgrade high speed Internet access in western and central parts of the state, and create an additional 200 customer service jobs.

Cell Phone as 'Universal Remote'

In the wireless arena, Seidenberg said, "We see the cell phone becoming a kind of 'universal remote' that lets you manage all your digital content -- music, video, news or voice -- and have it delivered anytime, anywhere, to whatever screen you have at hand."

But he noted that, "the innovation curve in wireless is just beginning," with the next generation of wireless technology to be embedded into all kinds of consumer electronics. The company, he said, is taking steps to lead this next phase of growth by announcing plans to deploy a fourth-generation wireless network, sponsoring an open network conference for inventors and manufacturers, and acquiring new spectrum to provide the capacity for these next-generation services.

With the company's continued success in the rollout of FiOS and the wireless initiatives, "We are tremendously excited about the growth prospects in our industry," Seidenberg said. But he noted that the impact of Verizon's investment in network technologies "creates ripples of economic opportunity" that go well beyond the company and the telecom field, with media providers, programmers, software developers, and hardware manufacturers working to put new capacity and services to work for consumers.

"That's how innovation works," he said. "When we innovate, our partners, suppliers, even our competitors, innovate."

Seidenberg gave credit to governments for letting the capital markets work in the wireless and cable industries. "The result of pro-investment policies like these has been hundreds of billions' worth of investment, thriving competition and lots of innovation and value being created for customers," he said. "Now, as we stand on the brink of a second great phase of technology- driven growth, the last thing we need is to discourage the very investment that will make growth possible.

"In a time of economic uncertainty, it's critical that we have a stable environment for long-term, value-creating investment," he said.

Noting that tax increases or anticipatory regulations could hamper growth and international competitiveness, Seidenberg suggested that governments "be focused on breaking down barriers to capital formation, not erecting new ones."

As an example, Seidenberg suggested that a streamlined video-franchising process in Massachusetts would help to bring cable choice and competition faster to consumers.

On a broader basis, he said, companies and governments can use the power of technologies to create whole new industries and address the social issues of our time.

He credited Massachusetts with developing a billion-dollar biotech initiative that would provide the region with a jumpstart in industries that have the potential to find new sources of fuel, engineer new drugs and revolutionize agriculture.

Seidenberg, who is chairman of the Business Roundtable's Health and Retirement Task Force, said that health care information technology is one example among many of how technology and further investment can be put to work for the greater good. Stating that health care is one of the few sectors of the economy not revolutionized by information technology, Seidenberg cited the state's initiatives in expanding access to health care, and the proposed state and federal legislation to introduce and set standards for electronic medical records.

"What we need now is the political will to move the ball forward immediately," he said. "As we use our technology to address the big social challenges of our time, we will only become a more vibrant force in the world and in the economy in the years to come." He continued:

"A healthy communications industry is vital to America. We can slow this value-creating engine down with new taxes and regulatory burdens, if we're not careful. Or we can rev it up -- by encouraging investment, stimulating innovation, and working together to apply America's unparalleled ingenuity and technological know-how to deliver essential public services and create a better society for our customers and citizens."

Verizon Communications Inc. , headquartered in New York, is a leader in delivering broadband and other wireline and wireless communication innovations to mass market, business, government and wholesale customers. Verizon Wireless operates America's most reliable wireless network, serving nearly 66 million customers nationwide. Verizon's Wireline operations include Verizon Business, which delivers innovative and seamless business solutions to customers around the world, and Verizon Telecom, which brings customers the benefits of converged communications, information and entertainment services over the nation's most advanced fiber-optic network. A Dow 30 company, Verizon employs a diverse workforce of nearly 235,000 and last year generated consolidated operating revenues of $93.5 billion. For more information, visit http://www.verizon.com/.

VERIZON'S ONLINE NEWS CENTER: Verizon news releases, executive speeches and biographies, media contacts, high quality video and images, and other information are available at Verizon's News Center on the World Wide Web at http://www.verizon.com/news. To receive news releases by e-mail, visit the News Center and register for customized automatic delivery of Verizon news releases.

Verizon

CONTACT: Peter Thonis of Verizon, +1-212-395-2355,
Peter.Thonis@Verizon.com

Web site: http://www.verizon.com/
http://www.verizon.com/news

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

Gameloft Set to Develop for WiiWare

PARIS, March 27 /PRNewswire-FirstCall/ -- Gameloft(R), a leading developer and publisher of video games for mobile phones, announced today it is developing a strong line-up for WiiWare(TM), Nintendo's new downloadable game service for the Wii system(TM).

With games set to launch in Europe, Unites States and Japan, Gameloft is planning a diverse line-up that consists of Block Breaker Deluxe, Midnight Pool, Midnight Bowling and TV Show King. Each game will either be completely original to WiiWare or vastly enhanced and redone for the platform. In addition, all the games are created to complement the Wii Remote(TM), a motion sensing controller which allows the player to interact with the screen.

"We are delighted to be working with Nintendo on the WiiWare," said Michel Guillemot, president of Gameloft. "We have great confidence in the games that we are developing, several of which include award winning established brands and original creations specifically for WiiWare."

- Block Breaker Deluxe is the best selling brick-breaking game, over 8 million copies sold, that has been vastly enhanced and improved for WiiWare. The longest, most feature-rich brick-breaker game created, the game is easy to navigate by moving the Wii Remote left and right to shift the pad and connect with the ball.

- TV Show King is an original game only available on WiiWare. The game takes on the role of a mock game show testing players general knowledge.

- Midnight Pool and Midnight Bowling, are top sellers on the mobile platform, but have been completely redone with new features for WiiWare. For Midnight Pool, the Wii Remote is used as a cue and in Midnight Bowling it substitutes for the bowling motion.

Gameloft is a Nintendo Official Publisher in Europe and the United States.

Gameloft is a leading international publisher and developer of video games for mobile phones. Established in 1999, it has emerged as one of the top innovators in its field. The company creates games for mobile handsets equipped with Java, Brew or Symbian technology. The total number of games-enabled handsets is anticipated to exceed two billion units in 2008.

Partnership agreements with leading licensors and sports personalities such as Ubisoft Entertainment, Universal Pictures, ABC, Dreamworks Animations SKG, Endemol, 20th Century Fox, Viacom, Sony Pictures, Touchtone Television, Warner Bros., FifPro, Lamborghini, Paris Hilton, Gus Hansen, Kobe Bryant, Derek Jeter, Reggie Bush, Llewton Hewitt, Jonny Wilkinson or Robinho allow Gameloft to form strong relationships with international brands. In addition to the partnerships, Gameloft owns and operates titles such as Block Breaker Deluxe, Asphalt: Urban GT and New York Nights.

Through agreements with major telephone wireless carriers, handset manufacturers, specialized distributors and its online shop, Gameloft has a distribution network in over 80 plus countries.

Gameloft has worldwide offices in New York, San Francisco, Seattle, Montreal, Mexico, Buenos Aires, Paris, London, Cologne, Vienna, Milan, Madrid, Lisbon, Copenhagen, Warsaw, New Delhi, Seoul, Beijing, Hong Kong, Tokyo and Sydney. Gameloft is listed on Euronext Paris (ISIN: FR0000079600, Bloomberg: GFT FP, Reuters: GLFT.PA)

For more information visit http://www.gameloft.com/

WiiWare, Wii , and Wii Remote ARE TRADEMARKS OF NINTENDO. Press contact: Gameloft, Anne-Laure Descleves, Corporate Communications Manager, email: anne-laure.descleves@gameloft.com, Tel: +33-1-58-16-20-82.

Gameloft

CONTACT: Press contact: Gameloft, Anne-Laure Descleves, Corporate
Communications Manager, email : anne-laure.descleves@gameloft.com, Tel :
+33-1-58-16-20-82.

New Survey Shows 83 Percent of Consumers Continue to Rely on Landline Voice Service for Its Quality, Safety FeaturesVerizon Survey Shows Vast Majority Plan to Retain Their Home Phone Service Indefinitely

NEW YORK, March 27 /PRNewswire/ -- American consumers have a wide array of choices for personal communication services, but, when it comes to their home, an overwhelming majority -- including those who have a cell phone -- say they plan to keep and continue using their landline home phone indefinitely. Most often the service's proven reliability and safety were given as reasons in a new nationwide survey commissioned by Verizon.

The telephone survey, conducted by KRC Research last month, polled more than 800 consumers aged 18 and over who pay their landline phone bill. It found that:

-- Eighty-three percent of the respondents intend to continue using their landline home phone indefinitely -- a strong vote of consumer confidence for landline voice service in a survey group that included a large number of participants who also have a cell phone (74 percent). -- Ninety-four percent of the respondents cited reliability and 91 percent cited safety as the key factors for retaining landline service. -- Seventy-six percent of landline phone owners use their landline phone every day.

(Note: Downloadable graphics that illustrate key points of the survey are available at http://verizon.wieck.com/.)

"These survey results underscore the reasons why we have a large and loyal base of home phone customers," said Virginia Ruesterholz, Verizon Telecom president. "Of course, Verizon offers a tremendous cell phone service too, and these consumers see their wireline phone as a critically important phone in their homes.

"For decades, the landline home phone has set the standard for unmatched performance and consistent communications quality. The day-in, day-out dependability of Verizon's landline voice service gives customers a deep sense of comfort, so they maintain a strong commitment to their landline home phone," said Ruesterholz.

Verizon's landline network processes more than 1 billion calls a day, with 99.9 percent reliability.

Consumers Value Voice Quality, Reliability and Consistency of Service

Reflecting the significant amount of technological improvements and preventive maintenance that Verizon routinely performs on its landline network, 92 percent of respondents said they are satisfied with their landline phone service.

Ninety-eight percent of landline users consider their connection to be reliable on a typical day, and 91 percent rate their connection as reliable even on days when the weather is inclement. In 2007, Verizon invested $11 billion in its landline network, and has pumped $43.4 billion into its landline network over the past five years.

Not surprisingly, nearly 100 percent of those surveyed said voice quality -- audio volume, voice clarity and tone -- is important when making phone calls, and eight of 10 landline owners said voice quality is very important.

Survey respondents included users of many different cell phone services. Three-quarters (74 percent) said their landline home phone trumped their mobile phone in terms of voice quality, reliability and consistency of service.

Landline Loyalty Key to Verizon Bundling Strategy

In order to realize the most value for their spending, nearly two-thirds of consumers -- including people who live in urban areas, younger adults and those who earn more than $75,000 annually -- say they would consider bundling their landline home phone with television, Internet services and wireless plans. In fact, those who have both a landline and cellular phone are more likely than those without a cellular phone to bundle their communication services, the survey found.

"Deepening further the loyalty of our existing base of landline phone customers is essential to our bundling strategy, which seeks to deliver an array of top-quality services at value-based prices," said Marilyn O'Connell, Verizon Telecom chief marketing officer. "These bundles are popular with consumers who believe that cable competitors can't offer the same level of reliability as we do with the traditional Verizon home phone service."

Verizon offers competitive pricing on bundles of broadband and entertainment services including its High Speed Internet service, FiOS Internet and FiOS TV, along with a convenient billing option for Verizon Wireless customers. By year-end 2007, bundled services continued to attract and retain Verizon customers, with more than half of all new customers choosing a bundle.

Dependability a key quality of traditional service

Nearly half of the landline phone owners surveyed said they would feel unsafe if their home did not have a landline connection, reflecting the importance of having a phone they know will be ready to dial at a moment's notice.

Typical reasons those surveyed gave for staying true to their landline home phone include: "My telephone line is my lifeline." "That's the one I use the most and it doesn't have to be recharged." "It's most ready in case of an emergency." "It gives me security that I can reach 911." "When the electricity goes out I can still use the landline phone." And, "I can depend on it 24 hours a day, 365 days a year."

The survey revealed that women, senior citizens, middle-income earners ($50,000 to $75,000 annually) and those living outside of metropolitan areas are more likely to continue using their landline phones indefinitely.

Eighty-eight percent of respondents in the survey said they owned cordless landline phones; 61 percent own a corded landline phone; and 49 percent own both types. Consumers who use only a traditional corded phone in their residence are more likely than those with only a cordless phone to want to keep their phone indefinitely, and they could not imagine living without their landline phone, according to the survey.

Eighty-seven percent of females, versus 80 percent of males, plan to continue using their landline phone for the foreseeable future, whereas 90 percent of persons older than 65 said they will keep their landline phone forever as opposed to 82 percent of those under the age of 65.

VERIZON'S ONLINE NEWS CENTER: Verizon news releases, executive speeches and biographies, media contacts, high-quality video and images, and other information are available at Verizon's News Center on the World Wide Web at http://www.verizon.com/news. To receive news releases by e-mail, visit the News Center and register for customized automatic delivery of Verizon news releases.

Verizon Communications Inc.

CONTACT: Bill Kula, APR, +1-972-718-6924, william.kula@verizon.com, or
Ellen Yu, +1-908-559-3496, ellen.yu@verizon.com, both of Verizon

Web site: http://www.verizon.com/
http://verizon.wieck.com/

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

Gameloft Set to Develop for WiiWare

- TV Show King is an original game only available on WiiWare. The game takes on the role of a mock game show testing players general knowledge.

Gameloft is a Nintendo Official Publisher in Europe and the United States.

Through agreements with major telephone wireless carriers, handset manufacturers, specialized distributors and its online shop, Gameloft has a distribution network in over 80 plus countries.

For more information visit http://www.gameloft.com/

Gameloft

CONTACT: Press contact: Gameloft, Anne-Laure Descleves, Corporate
Communications Manager, email : anne-laure.descleves@gameloft.com, Tel :
+33-1-58-16-20-82.

TAT Technologies Ltd. Signed an Agreement to Purchase 27% of Bental

GEDERA, Israel, March 27 /PRNewswire-FirstCall/ -- TAT Technologies Limited announced today that following the announcement from January 3, 2008 the company has signed an Agreement to purchase 27% of Bental Industries Ltd. ("Bental") in addition to options to purchase an additional 18% of Bental. In addition, the Company intends to enter into an agreement for the purchase of additional 10% of Bental's shares from another Bental shareholder - Mivtach Shamir Investments (1993) Ltd. ("Mivtach").

Since TAT Industries Ltd., the major stockholder of the company, already holds 15% of Bental, after the consummation of the above transactions, the TAT Group will hold 52% of Bental and up to 70% of Bental after the exercise of the options.

Bental which was established in 1983 and has around 140 employees specializes in innovative motion technologies for military and aviation purposes.

Bental is the leading supplier in its field to Israel's defense industries. Its products are also supplied to military aerospace and industrial companies worldwide.

The transaction structure is as follows: The evaluation of Bental for the transaction is $12,500,000.

a) At the Closing, the company will purchase from Bental Hashkaot Ltd. ("Bental Hashkaot") 27% of outstanding stock capital of Bental in consideration of $3,375,000. The parties determined that the exchange rate of the dollar to shekel will range between 3.70-3.95. (if the rate is less than 3.70, then the price will be increased). For example: if the rate is 3.60 the difference will be 3.70/3.60=1.02777x3,375,000=3,468,724. If the rate is more than 3.95 then the price will be respectively decreased. If the exchange rate is within the above range, the price will remain in tact.

b) Bental Hashkaot granted the company a call option to purchase additional 18% of the outstanding stock capital of Bental (in up to 4 installments) in consideration of $2,250,000 (under the same conditions of the exchange rate of the dollar to shekel as specified above). The consideration for the option shares shall bear interest of 2% per annum. The call option shall be valid for a period of 4 years as of 1/1/2009.

c) The company granted Bental Hashkaot a put option in the amount of $2,137,500 (under the same conditions of the exchange rate of the dollar to shekel as specified above). The put option will be valid for a period of 2 years as of 1/1/2011.

d) In case of an "Exit" (as defined in the agreement) by the company within 3 years as of the closing, Bental Hashkaot will be entitled to additional consideration which shall range between 10%-30% from the difference between the exit transaction consideration and the consideration in the above mentioned transaction.

The closing will be subject to certain conditions, inter alia, the approval of Antitrust Commissioner, Chief Scientist, bank approvals and the closing of the transaction with Mivtach as specified above.

TAT Technologies is principally engaged in the manufacture, repair and overhaul of heat transfer equipment, such as heat exchangers, precoolers and oil/fuel hydraulic coolers used in aircraft, defense systems, electronic equipment and other applications. In addition, the Company manufactures aircraft accessories and systems such as pumps, valves, Power Systems, Turbines and overhauls aircraft Auxiliary Power Units (APUs), landing gears and propellers.

TAT Technologies Ltd

CONTACT: Company Contact: Mr. Israel Ofen, Executive Vice-President and
Chief Financial Officer, +972-8-859-5411

Gameloft éditeur pour Nintendo WiiWare

PARIS, March 27 /PRNewswire/ -- Gameloft(R), premier développeur et éditeur de jeux vidéo sur mobiles, prépare le lancement de ses premiers jeux pour WiiWareTM, le nouveau service de téléchargement de jeux en ligne de la WiiTM.

Gameloft a prévu de lancer en Europe, aux Etats-Unis et au Japon un catalogue diversifié incluant Block Breaker Deluxe, Midnight Pool, Midnight Bowling et TV Show King. Ce dernier est une création et les autres sont complètement refondus et adaptés à WiiWare. Ils se joueront avec la Wii Mote, la manette de reconnaissance de mouvement qui permet aux joueurs d'interagir directement avec l'écran.

<< Nous sommes tout particulièrement satisfaits de travailler avec Nintendo pour WiiWare >> déclare Michel Guillemot, Président de Gameloft. << Nous avons de grandes ambitions pour les jeux que nous développons, dont plusieurs sont des marques établies qui ont été vendues à des millions d'exemplaires chacun, et d'autres sont des créations originales. >>

- Block Breaker Deluxe, le célèbre jeu de casse brique déjà vendu à plus de 8 millions d'exemplaires s'est enrichi pour WiiWare. Casse-brique le plus abouti jamais créé, il jouit d'une prise en main très facile grâce au procédé de reconnaissance du mouvement de la Wii Mote, qui permet de déplacer la palette de gauche à droite pour faire rebondir la balle.

- TV Show King est un jeu spécifiquement développé pour WiiWare. Il met en scène jusqu'à 4 joueurs qui testeront leur culture générale dans une ambiance de plateau TV.

- Midnight Pool et Midnight Bowling, deux best sellers sur mobile, ont été complètement réinventés avec de nouvelles fonctionnalités adaptées à WiiWare. Pour Midnight Pool, la Wii Mote est utilisé comme queue de billard et pour Midnight Bowling, elle se substitue au mouvement de lancé de la boule.

Gameloft est éditeur officiel Nintendo en Europe et aux Etats-Unis.

Gameloft est le premier éditeur et développeur mondial de jeux pour téléphones mobiles.

Fondé en 1999 et aujourd'hui leader dans son domaine, Gameloft conçoit des jeux pour les téléphones incluant les technologies Java, Brew ou Symbian, dont le parc installé devrait dépasser quatre milliards d'unités en 2011.

Des accords de partenariat avec de grands détenteurs de droits comme Ubisoft Entertainment, Universal Pictures, ABC, Touchtone Television, Dreamworks Amimations SKG, Endemol, 20th Century Fox, Viacom, Sony Pictures, Warner Bros., Paris Hilton Ent., FifPro, Lamborghini, Lleyton Hewitt, Gus Hansen, Kobe Bryant, Robinho, Patrick Vierra, Christophe Dominici ou Jonny Wilkinson permettent à Gameloft d'associer de très fortes marques internationales à ses jeux. En plus de ces marques, Gameloft possède ses propres marques comme Block Breaker Deluxe, Asphalt: Urban GT ou New York Nights.

Grâce à des accords avec l'ensemble des principaux opérateurs télécom, des fabricants de téléphones, des distributeurs spécialisés ainsi que sa boutique http://www.gameloft.com, Gameloft distribue ses jeux dans 80 pays.

Gameloft est présent à New York, San Francisco, Seattle, Montréal, Mexico, Buenos Aires, Paris, Londres, Cologne, Copenhague, Milan, Madrid, Vienne, Varsovie, New Dehli, Beijing, Tokyo, Hong Kong, Séoul et Sydney. Gameloft est cotée au Compartiment B de la bourse de Paris (ISIN: FR0000079600, Bloomberg: GFT FP, Reuters: GLFT.PA).

Pour plus d'informations, visitez http://www.gameloft.com

Contact presse: Gameloft Aude Fouquier PR Manager email : aude.fouquier@gameloft.com Tel : +33-(1)-58-16-21-55

Gameloft

Contact presse: Gameloft, Aude Fouquier, PR Manager, email : aude.fouquier@gameloft.com, Tel: +33(1)-58-16-21-55