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Companies news of 2008-04-11 (page 2)

  • Sunrise Telecom to Host Stockholder DayCompletes 2006 Filings
  • Powerful New Employment Screening Website Launched By American Background
  • CCID Consulting: Cable DTV Achieves Rapid Development in 2007
  • AsiaInfo to Announce First Quarter 2008 Results on April 23, 2008
  • Global Resource Corporation Prototype GRFR1 Machine Successfully Completes Early Stage...
  • Current Technology's Celevoke Appoints 20th Century Fox Federal Credit Union GPS Tracking...
  • Ikanos Communications Announces First Quarter 2008 Earnings Conference Call and Webcast
  • Imation Hosts 15th Annual End User Council (EUC) SymposiumInvite-only summit to discuss...
  • Webcast Alert: Johnson Controls Energy Efficiency Indicator Webcast
  • Foundry Networks Reports Preliminary First Quarter 2008 Results
  • Featured Stocks on Today's Edition of WallSt.net's 3-Minute Press Show: RCCH, DPAC
  • SmartCard Marketing Systems Inc. (Pink Sheets: SMKG) Mobile Merchant Services Program for...
  • Blizzard Entertainment(R)'s World of Warcraft(R): The Burning Crusade(R) Surpasses One...
  • Valeo Park4U(TM) System Receives Allianz 2008 Genius Safety Award
  • Le système Valeo Park4U(TM) reçoit le prix 2008 de la sécurité << Genius >> de la...
  • UTStarcom Announces Date of 2008 Annual Meeting



    Sunrise Telecom to Host Stockholder DayCompletes 2006 Filings

    SAN JOSE, Calif., April 11 /PRNewswire-FirstCall/ -- Sunrise Telecom (Pink Sheets: SRTI), a leader in test and measurement solutions for today's telecom, wireless and cable networks, announced it will host a Stockholder Day on Wednesday, May 14, 2008 from 10:00am to 11:30am Pacific Time at its corporate headquarters. The event will feature presentations by Paul Marshall, Chief Executive Officer, and Richard Kent, Chief Financial Officer.

    The company also announced it has filed its Form 10-K for the year ended December 31, 2006 with the Securities and Exchange Commission (the "SEC").

    A live webcast of the Stockholder Day can be accessed through the investor relations section of Sunrise Telecom's website at http://admin.sunrisetelecom.com/presentations/05142008/index.html and a replay will be available for 30 days following the event.

    About Sunrise Telecom

    Sunrise Telecom develops and delivers high-quality communications test and measurement solutions for today's telecom, cable and wireless networks. The Company's robust portfolio of feature-rich, easy-to-use products enables service providers to deliver premium voice, video, data and next-generation digital multimedia services quickly, reliably, and cost-effectively. Based in San Jose, California, Sunrise Telecom distributes its products through a direct sales force and a global network of sales representatives and distributors. For more information, visit http://www.sunrisetelecom.com/ or email info@sunrisetelecom.com.

    Sunrise Telecom

    CONTACT: Richard D. Kent, Chief Financial Officer of Sunrise Telecom,
    +1-408-363-8000, rkent@sunrisetelecom.com; or Investor Relations, Linda
    Rothemund of Market Street Partners, +1-415-445-3236,
    linda@marketstreetpartners.com, for Sunrise Telecom

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




    Powerful New Employment Screening Website Launched By American Background

    WINCHESTER, Va., April 11 /PRNewswire/ -- American Background Information Services, Inc. (ABI), a leading provider of comprehensive employment screening and verification solutions, today launched http://www.americanbackground.com/, a new website with added features, superior technology, and a dynamic new look.

    "This new website allows us to completely maximize and share globally more than 25 years of experience and knowledge on the best practices in employment screening," says Global Sales & Marketing Executive Vice President Scott Smith. "It is the perfect gateway to our screening platform."

    The new site provides users with a much improved online experience that includes:

    Improved Navigation -- Web pages function in an intuitive and consistent manner, simplifying the process for users to find what they are looking for, and know where they are within the site.

    Improved Look and Feel -- Enhanced graphics and the new page layouts providing users with a fresh and up-to-date experience.

    New Features -- Many new features as well as more detailed product information, news, and resources.

    Clients will be able to access all facets of the ABI secure online screening service, including: order entry, reports, and real time monitoring of applicants' processing.

    About American Background and Screening International, LLC

    American Background is a wholly owned subsidiary of Screening International, LLC, created in May 2006 as a joint venture between Intersections Inc. and Control Risks Group of the United Kingdom. Located in Winchester, Virginia, ABI is a leading provider of employment screening solutions to corporate and institutional clients. Based on a strategic approach, backed by proven metrics, ABI reduces the risks associated with organization-wide hiring programs and returns significant savings to the bottom line. Learn More at http://www.americanbackground.com/

    Contact Information Laura Whiteford - Email lwhiteford@americanbackground.com American Background Information 629 Cedar Creek Grade Winchester, VA 22601 http://www.americanbackground.com/

    American Background Information Services, Inc.

    CONTACT: Laura Whiteford of American Background Information Services,
    Inc., lwhiteford@americanbackground.com

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




    CCID Consulting: Cable DTV Achieves Rapid Development in 2007

    BEIJING, April 11 /Xinhua-PRNewswire/ -- China's authoritative ICT research and management consulting company, and the first Chinese consulting firm listed in Hong Kong (Hong Kong Stock Exchange: HK08235), recently released the 2007-2008 China's DTV Industry Annual Report.

    The report shows that China's DTV industry achieved steady growth in 2007 and Cable DTV was still the principal part of analog-to-digital conversion. Driving by mass conversion of CATV to Cable DTV in 2006, 30 more cities completed the conversion in 2007. In October, national DTTB standard signals were telecasted in Shenzhen for the first time; development of satellite DTV was hindered by the postponed launch of the direct broadcast satellite and relevant policies have not been clarified; IPTV was still in the test period with a fast-growing subscriber population. In 2007, there were 13.052 millions of new DTV subscribers, 12.051 millions of which were Cable DTV subscribers, increasing the quantity of China's DTV subscribers to 27.186 millions.

    Figure 1, China's DTV subscriber scale in 2003 -2007 http://www.ccidconsulting.com/upload/12930.gif Source: CCID Consulting; Jan., 2008 Table 1 China's DTV subscriber structure during 2003 -2007 2003 2004 2005 2006 2007 Number of Cable DTV Subscribers: 10,000 16.8 77.3 369.4 1312.6 2517.7 Number of Satellite DTV Subscribers: 10,000 8.5 10.7 13.8 22.3 32.3 Number of Terrestrial DTV Subscribers: 10,000 0.2 1.3 5.1 23.5 49.9 Number of IPTV Subscribers: 10,000 1.8 4.6 26.7 55.0 118.7 Total 27.3 93.9 415.0 1413.4 2718.6 Source: CCID Consulting; Jan., 2008 Mass conversion from CATV to Cable DTV takes the expressway

    In 2007, Cable DTV operators accelerated operating platform digitization and infrastructure reconstruction and reinforced new service development on this basis. Technical and service capacities of CATV were improved, and the scale of the DTV industry has expanded rapidly. In 2007, the mass conversion from CATV to Cable DTV started in some western provinces, such as Inner Mongolia, Xinjiang and Gansu and was reinforced in major cities like Beijing, Guangzhou, Chongqing and Tianjin. The number of China's Cable DTV subscribers topped 25 millions in 2007.

    Figure 2, China's Cable DTV subscriber scale in 2003 -2007 http://www.ccidconsulting.com/upload/12932.gif Source: CCID Consulting; Jan., 2008 Table 2 Mass conversion from CATV to Cable DTV in China during 2003 -2007 Number of Number of Number of Year Cable DTV CATV Analog-to-digital unconverted Subscribers: subscribers: proportion subscribers: 10,000 10,000 10,000 2003 16.8 10925.6 0.2% 10908.8 2004 77.3 11878.2 0.7% 11800.9 2005 369.4 12842.1 2.9% 12472.7 2006 1312.6 13725.6 9.6% 12413.0 2007 2517.7 14342.1 17.6% 11824.4 Source: CCID Consulting; Jan., 2008

    By the end of 2007, the number of CATV subscribers in China reached 143 million and the mileage of CATV networks exceeded 3 million km. So far, there are 31 provincial network companies, 321 city-level network companies, 1,000 county-level cable networks and 2,000 special television networks in China. The demand for Cable DTV front-end platform construction and transmission network reconstruction is growing along with the expansion of network size and number of subscribers, and the Cable DTV industry in China is growing year by year in the process of CATV digitalization.

    Cable DTV front-end platform is basically ready

    DTV front-end devices, relative to subscribers' terminal equipment, are fundamental devices of DTV network operators, which include coders, multiplexers, scramblers, adapters, QAM modulators, satellite flow transponders and network administration systems of such devices are the core of DTV operating system.

    At present, China's Cable DTV network operators are boosting the digitization: the majority of network companies at city level or above have completed digitization and half of county-level cable networks and most of special television networks have started digitalization and will complete in the next few years. In 2007, the sales volume of DTV front-end devices in China reached 313 million Yuan.

    Figure 3, China's DTV front-end device market scale in 2003- 2007 http://www.ccidconsulting.com/upload/12934.gif Source: CCID Consulting; Jan., 2008

    At present, major manufacturers in China's DTV front-end device market include both foreign manufacturers, such as British Tandberg, American SA, American Harmonic, Israel Scopus and American Bigband, and domestic manufacturers, such as Sumavision, Huawei, V- Shine and COMPUNICATE. It is expected that enterprises restructuring through acquisitions, mergers or even shutting down of business in likely in both international market and domestic market over the next few years and DTV front-end devices manufacturing would be concentrated to a few enterprises.

    Figure 4, China's DTV front-end device market structure in 2007 http://www.ccidconsulting.com/upload/12935.gif Source: CCID Consulting; Jan., 2008

    FTTX (FTTH, FTTB) reconstruction drives development of DTV transmission devices

    CATV networks transmission equipment mainly includes optical network transmission devices (optical transmitters, optical receivers, optical workstations and optical platforms) and cable transmission devices (amplifiers, branch distributors and so on). Presently, a great number of CAT networks in China have achieved the target of installing "optical fiber to residential districts", while planning to have optical fiber coverage in buildings and even to the door, which will require doubled growth of network transmission devices.

    In 2007, the network reconstruction of the vast majority of network companies above city level was in the initial stage and needs to be further developed; the reconstruction of cable networks and special TV networks at the majority of counties and cities had just started.

    Figure 5, China's CATV transmission device market scale and growth in 2003-2007

    http://www.ccidconsulting.com/upload/12939.gif Source: CCID Consulting; Jan., 2008

    Major CATV network transmission device manufacturers in China include EY, Kingtype, Wanlong, Photon, Makway, Leihua, Roton, ACE, Jiuzhou, Mike, Yinhe, Huawei and Jesmay.

    Figure 6, China's CATV network device market structure in 2007 http://www.ccidconsulting.com/upload/12936.GIF Source: CCID Consulting; Jan., 2008

    In accordance with the timetable for converting CATV to Cable DTV in China established by SARFT, the number of Cable DTV subscribers should reach 30 million by the end of 2005, but this has not been achieved until now. Therefore, it is predicted that SARFT would further boost network reconstruction and mass conversion of subscribers in the next few years in the hope of completing transformation of all CATV subscribers to Cable DTV subscribers before 2015.

    Table 3 Forecast of Conversion from CATV to Cable DTV in China during 2008- 2012

    Number of Number of Number of Year Cable DTV CATV Analog-to-digital unconverted Subscribers: subscribers: proportion subscribers: 10,000 10,000 10,000 2008 3968.1 14923.3 26.6% 10955.2 2009 5678.3 15442.6 36.8% 9764.3 2010 7658.6 15917.1 48.1% 8258.5 2011 9888.3 16339.4 60.5% 6451.1 2012 12348.3 16750.1 73.7% 4401.8 Source: CCID Consulting; Jan., 2008 About CCID Consulting

    CCID Consulting Co., Ltd. (hereinafter known as "CCID Consulting"), the first Chinese consulting firm listed in the Growth Enterprise Market of the Stock Exchange (GEM) of Hong Kong (stock code: HK08235), is directly affiliated to the China Center for Information Industry Development (hereinafter known as "CCID Group"). Headquartered in Beijing, CCID Consulting has set up branch offices in Shanghai, Guangzhou, Shenzhen, and Harbin, with over 300 professional consultants and industry experts. The company's business covers over 200 large and medium-sized cities in China. Apart from home market development, CCID Consulting establishes international cooperation links across the United States, the Asia-Pacific region and Europe with agents in the U.S., Japan, South Korea, Australia, Singapore, Italy and Russia, with the aim of going global.

    Based on four major competitive areas: powerful data channels, industrial resources, intense knowledge and a deep understanding of information technology, CCID Consulting provides customers with consulting, research and IT outsourcing services covering strategic planning, IT applications, marketing strategies, human resources and information technology outsourcing. Customers range from industrial IT users, telecommunications companies, energy companies, finance companies, and automobile companies, to government departments at all levels and diversified industrial parks. CCID Consulting commits itself to be the number 1 consultant in strategy consulting, the number 1 advisor for enterprise management and the number 1 consultant for government decision-making.

    For more information, please contact: Cynthia Liu Coordinating Manager CCID Consulting Co., Ltd. Tel: +86-10-8855-9080 Email: liuyan@ccidconsulting.com

    CCID Consulting Co., Ltd.

    CONTACT: Cynthia Liu of CCID Consulting Co., Ltd., +86-10-8855-9080, or
    liuyan@ccidconsulting.com

    Web site: http://en.ccidconsulting.com/




    AsiaInfo to Announce First Quarter 2008 Results on April 23, 2008

    BEIJING and SANTA CLARA, Calif., April 11 /Xinhua-PRNewswire-FirstCall/ -- AsiaInfo Holdings, Inc. , a leading provider of telecom software solutions and IT security products and services in China, today announced that it will report its first quarter 2008 financial results on Wednesday, April 23, 2008.

    (Logo: http://www.newscom.com/cgi-bin/prnh/20040312/CNF002LOGO )

    AsiaInfo management will hold an earnings conference call at 5:00 p.m. Pacific Time / 8:00 p.m. Eastern Time on April 23 (8:00 a.m. Beijing/Hong Kong Time on April 24, 2008). Management will discuss results and highlights of the quarter and answer questions. The dial-in numbers for the conference call are as follows:

    U.S. Toll Free: +1-866-549-1292 China Toll Free: 8008-697-678 Hong Kong and International: +852-3005-2050

    The passcode for the call is 408313. To participate on the call, please R.S.V.P. to Justin Knapp by email at justin.knapp@ogilvy.com or by phone at +86 (10) 8520-6556.

    A replay of the call will be available from 8:00 p.m. Pacific Time on April 23, 2008 until 8:00 p.m. Pacific Time on May 24, 2008 by dialing one of the following numbers:

    U.S Toll Free: +1-866-753-0743 China Toll Free: 8008-697-680 Hong Kong and International: +852-3005-2020 The passcode for the replay is 134936.

    Additionally, a live and archived web cast of this call will be available on the Investor Relations section of the AsiaInfo web site at http://www.asiainfo.com/ .

    About AsiaInfo Holdings, Inc.

    AsiaInfo Holdings, Inc. is a leading provider of high- quality telecom software solutions and IT security products and services to some of China's largest enterprises as well as many small and medium sized companies in China. An established leader in the Chinese telecommunications industry, AsiaInfo became a prominent supplier of IT security products and services in China with the acquisition of Lenovo's non-telecom related IT services business in 2004.

    Organized as a Delaware corporation, AsiaInfo began operations in the United States in 1993. The Company moved major operations to China in 1995 and played a significant role in the construction of the national backbones and provincial access networks for all of China's major national telecom carriers, including China Telecom, China Mobile, China Unicom and China Netcom. Since 1998, AsiaInfo has continued diversifying its product offerings and is now a major provider of telecom software solutions in China.

    For more information about AsiaInfo, please visit http://www.asiainfo.com/ . For Investors and Media: Justin Knapp Ogilvy Public Relations Worldwide Tel: +86-10-8520-6556 Email: justin.knapp@ogilvy.com

    Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20040312/CNF002LOGO
    PRN Photo Desk, 888-776-6555 or 212-782-2840 AsiaInfo Holdings, Inc.

    CONTACT: For Investors and Media, Justin Knapp of Ogilvy Public
    Relations Worldwide, +86-10-8520-6556, or justin.knapp@ogilvy.com

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




    Global Resource Corporation Prototype GRFR1 Machine Successfully Completes Early Stage Testing

    WEST BERLIN, N.J., April 11 /PRNewswire-FirstCall/ -- Global Resource Corp. (Pink Sheets: GBRC), a developer of a patent-pending microwave technology and machinery for extracting oil and gas, announced today favorable results in the early stages of testing of the GRFR1 prototype machine for converting waste materials into fuel oil and natural gas.

    The GRFR1 machine is running in automatic mode, moving material from input to output as designed and is holding vacuum pressure under full speed better than required. The most recent vacuum pressure test showed that the GRFR1 unit achieved full, required vacuum pressure of 20 inches mercury (Hg), after only 5 minutes of start-up time. The machine's full performance reached a peak pressure of 25.7 inches Hg in 15 minutes. Following the powering down of the vacuum the system stayed above a critical point of 5 inches Hg for 48 minutes. Following a 1 hour period post shutdown the machine was still holding 2.6 inches Hg of vacuum pressure. The machine is capable of processing one ton of material per hour.

    Jeff Kimberly, the Chief Operating Officer of Global Resource Group, stated, "This is a major milestone in the development and commercialization of our microwave technology. We are pleased to be moving towards the production of further machines in the near future. Our channel partners have informed us that there is significant interest in our technology for use in various applications including waste tires, shale, oil sands and sludge."

    In the end of April Global Resource will begin phase 1 microwave testing, which will include a series of tests to ensure maximum energy is received to the product and minimal energy is bounce-backed in the waveguides. Phase 2 microwave testing will include generating energy in full automatic cycle. When all testing of the unit is complete the Company will then provide a full demonstration of the prototype machine, validating the efficiency of our machines and technology for larger applications such as our flagship 15-ton machine.

    Some photos of the prototype unit in Rockford are shown on our website and can be accessed by selecting the "Our Partners" tab and then scrolling down to the Ingersoll Production Systems (IPS) area of the tab.

    About Global Resource Corp.

    Global Resource Corp., (GBRC), is a developer of a patent-pending microwave technology and machinery that extracts oil and petroleum products from shale deposits, tar sands, capped oil wells, bituminous coal and processed materials such as tires and plastics as well as dredged soil from harbors and river bottoms. Its process produces significantly greater yields and lower costs than are available using existing technologies. Because the process takes place in an enclosed environment it is emission-free and an efficient and cost-effective tool for cleaning environmental wastes and toxic materials. For more information see: http://www.globalresourcecorp.com/.

    Forward-Looking Statements

    This news release contains forward-looking statements regarding Global Resource Corp.'s business strategies and future plans of operations. Forward-looking statements involve known and unknown risks and uncertainties. The forward-looking statements contained in this news release speak only as of the date hereof and Global Resource disclaims any obligation to provide public updates, revisions or amendments to any forward-looking statements made herein to reflect changes in Global Resource's expectations or future events.

    Jeff Andrews, CFO Global Resource Corporation Bloomfield Business Park 408 Bloomfield Dr. Unit 3 West Berlin, NJ 08091 Main: 856-767-5661 JAndrews@GlobalResourceCorp.com Investor Contact: Alan Sheinwald, President Alliance Advisors, LLC Tel: (914) 669-0222 asheinwald@allianceadvisors.net PR/Media Relations Contact: Richard Stern Stern & Co. richstern@sternco.com Tel: 212-888-0044

    Global Resource Corp.

    CONTACT: Jeff Andrews, CFO of Global Resource Corp., +1-856-767-5661,
    JAndrews@GlobalResourceCorp.com; or Investor, Alan Sheinwald, President of
    Alliance Advisors, LLC, for Global Resource Corp., +1-914-669-0222,
    asheinwald@allianceadvisors.net; or PR/Media Relations, Richard Stern of Stern
    & Co. for Global Resource Corp., +1-212-888-0044, richstern@sternco.com

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




    Current Technology's Celevoke Appoints 20th Century Fox Federal Credit Union GPS Tracking System Distribution Partner

    VANCOUVER, British Columbia and NEW YORK, April 11 /PRNewswire-FirstCall/ -- Current Technology Corporation (OTCBB: CRTCF) and MSGI Security Solutions Inc. (OTCBB: MSGI) today announced Texas-based Celevoke, Inc. ("Celevoke") has appointed 20th Century Fox Federal Credit Union through DMC a distribution channel partner for its proprietary Telematics solutions. Celevoke CEO Chuck Allen stated, "Having completed a successful beta test with 20th Century Fox Federal Credit Union and delivered 130 units, we are pleased to report the next step is a national rollout to federal credit unions across the United States."

    20th Century Fox Federal Credit Union Vice-President of Marketing Mark L. Collens said, "We are marketing Celevoke's GPS tracking systems not only to our thousands of members, but to the hundreds of credit unions which are members of the National Association of Federal Credit Unions. Protecting assets, such as automobiles, which we finance is our primary goal, and we feel Celevoke's technology is perfectly suited to the task and will be embraced nationally. We believe our initial goal of distributing at least 1000 units per month will quickly prove to be just a starting point."

    "This is another example of an initiative that has gone from successful beta testing to commencement of national rollout," states Current Technology CEO Robert Kramer. "Our focus is activating channels of distribution with the potential to move tens of thousands of units per year. We shall be reporting on more such initiatives over the coming weeks and months."

    About Celevoke

    Celevoke is poised to become a market leader in the projected $38.3 billion (by 2011) global market for Telematics (according to ABI Research), which is the integrated use of telecommunications and informatics. More specifically, it is the science of sending, receiving and storing information wirelessly via telecommunication devices. Celevoke has integrated Telematics and Global Positioning Systems (GPS) with sensing technology. This proprietary suite of hardware and software products enables users to remotely monitor, track, control and protect a wide variety of asset classes. Examples include people, automobiles and trucks, shipping containers and covert vehicles used for law enforcement and intelligence gathering in a global marketplace. In 2005, Celevoke acquired the assets of San Francisco based Televoke, Inc.; a telematics pioneer backed by Softbank Venture Capital, Cardinal Venture Capital, W.I. Harper Group and others, representing more than $15 million in funding. These assets provided the foundation for Celevoke's development of patented technology utilized today by Celevoke's many clients. Celevoke is a 51% owned subsidiary of Current Technology Corporation (OTCBB: CRTCF).

    The news release contains forward-looking statements concerning the Company's business operations, and financial performance and condition. When used in the news release the words "believe," "anticipate," "intend," "estimate," "expect," "project," and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such words. These forward-looking statements are based on current expectations and are naturally subject to uncertainty and changes in circumstances that may cause actual results to differ materially from those expressed or implied by such forward-looking statements. Factors that may cause such differences include but are not limited to technological change, regulatory change, the general health of the economy and competitive factors. Many of these factors are beyond the Company's control; therefore, future events may vary substantially from what the Company currently foresees. You should not place undue reliance on such forward-looking statements.

    Current Technology Corporation

    CONTACT: Corporate, Robert Kramer of Current Technology Corporation,
    1-800-661-4247; or Jeremy Barbera of MSGI Security Solutions, +1-917-339-7134;
    or Investor Relations, Richard Hannon of Polestar Communications,
    1-866-858-4100; or Keith Fetter or Darren Bankston, +1-678-455-3696, both of
    Piedmont IR, LLC, all for Current Technology Corporation

    Web site: http://www.current-technology.com/




    Ikanos Communications Announces First Quarter 2008 Earnings Conference Call and Webcast

    FREMONT, Calif., April 11 /PRNewswire-FirstCall/ -- Ikanos Communications, Inc. , a leading developer and provider of Fiber Fast(TM) broadband solutions, today announced that its first quarter 2008 financial results conference call and webcast is scheduled for Thursday, April 24, 2008, at 2:00 p.m. Pacific Time. The call will be hosted by Michael A. Ricci, president and CEO, and Cory Sindelar, chief financial officer.

    A webcast of the call and the accompanying slides will be available on the investor relations site located at http://ir.ikanos.com/. To access the conference call, dial 706-902-1343 and enter pass code 43224033. A replay of the conference call will be available until midnight Pacific Time, April 30, 2008. To access the replay, dial 706-645-9291 and enter pass code 43224033.

    About Ikanos Communications, Inc.

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

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

    Ikanos Communications, Inc.

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

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




    Imation Hosts 15th Annual End User Council (EUC) SymposiumInvite-only summit to discuss the future of storage and tape technologies, industry best practices and emerging trends

    OAKDALE, Minn., April 11 /PRNewswire-FirstCall/ -- Imation Corp. , a worldwide leader in removable data storage, today announced it will host its 15th Annual End User Council (EUC) Symposium at the Hyatt Regency Coconut Point Resort & Spa in Bonita Springs, Fla, April 12-15, 2008. An invitation-only conference, the three-day symposium brings together top IT professionals from across the country, representing various industries, to network with each other and learn about key industry trends, best practices and emerging technologies from well-known industry speakers and leading storage OEMs.

    "We expect approximately 50 customers representing a variety of industries from the banking, transportation, shipping, and utility sectors, and look forward to discussing their storage needs, concerns and future expectations," said Keith Schwartz, director North America Sales and Marketing, Commercial Division of Imation Corp. "For 14 years, the Imation EUC has served as a forum for maximizing customers' storage investments, and we look forward to another successful year."

    During the symposium, customers will hear from leading IT industry experts, like well known author and keynote speaker, Fred Moore, founder and president of Horison Information Technologies; Bill Peldzus, vice president, data center and business continuity, disaster recovery services, GlassHouse Technologies; and Henry Newman, chief technology officer, Instrumental, Inc. In addition, leading tape storage OEMs will discuss their newest releases, development efforts and future product direction. Additionally, Imation representatives will be on hand to deliver strategic insight and information into the company's new cutting-edge storage technologies such as RFID, solid state drives and adjacent track write-and-read technologies.

    "Imation's EUC Symposium provides a unique opportunity for users to hear industry pundits and network with peers sharing best practices in a stress-free, knowledge-rich atmosphere focused on improving your own business objectives," Peldzus said.

    For more information on Imation's EUC please visit http://www.imation.com/euc.

    About Imation Corp.

    Imation Corp. is the only company in the world solely focused on the development, manufacture and supply of removable data storage products spanning the four pillars of magnetic, optical, flash and removable hard disk storage. With more than 50 years of data storage leadership beginning with the development of the world's first computer tape, in 2006 Imation proudly marked its 10th anniversary as an independent company. In addition to the Imation brand, Imation Corp.'s global brand portfolio includes the Memorex brand, one of the most widely recognized names in the consumer electronics industry, famous for the slogan, "Is it live or is it Memorex?" Imation is also the exclusive licensee of the TDK Life on Record brand, one of the world's leading recording media brands. And as co-developer of Nickelodeon's Npower brand of consumer electronics, Imation helps empower kids of all ages to use the latest technology. Additional information about Imation and its brands is available at http://www.imation.com/ or by calling 1-888-466-3456.

    Imation, the Imation logo, Memorex, 'Is it live or is it Memorex?' are trademarks of Imation Corp and its subsidiaries. The TDK Life on Record logo is a trademark of TDK Corporation. All other trademarks are property of their respective owners.

    Imation Corp.

    CONTACT: Mary Rawlings-Taylor of Imation Corp., +1-651-704-6796,
    mjrawlings-taylor@imation.com; or Jamie Ernst, +1-210-495-5757,
    jernst@brodeur.com, or Lisa Grau, +1-760-635-8640, lgrau@brodeur.com, both of
    Brodeur, for Imation Corp.

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




    Webcast Alert: Johnson Controls Energy Efficiency Indicator Webcast

    MILWAUKEE, April 11 /PRNewswire/ -- Johnson Controls will release the results of the second annual Energy Efficiency Indicator, a research report that examines the perceptions of North American businesses with regard to rising energy prices, energy independence and climate change, and looks at the ways in which they plan to respond. Immediately following the presentation, a panel of executives representing various organizations will describe their strategies for managing energy costs.

    (Logo: http://www.newscom.com/cgi-bin/prnh/20070930/AQSU001LOGO) What: Johnson Controls Energy Efficiency Indicator Webcast When: April 14, 2008 at 10:00 a.m. - noon CDT Where: http://www.videonewswire.com/event.asp?id=46411 Who: Research presented by C. David Myers, President, Johnson Controls, Building Efficiency and Clay Nesler, Vice President, Johnson Controls, Global Energy & Sustainability Panel moderated by Joel Makower, Founder, Greener World Media Panel includes executives from JohnsonDiversey, Philips Lighting, and Seattle-Tacoma International Airport How: Live over the Internet -- Simply log on to the Web at the URL above About Johnson Controls:

    Johnson Controls is the global leader that brings ingenuity to the places where people live, work and travel. By integrating technologies, products and services, we create smart environments that redefine the relationships between people and their surroundings. Our team of 140,000 employees creates a more comfortable, safe and sustainable world through our products and services for more than 200 million vehicles, 12 million homes and one million commercial buildings. Our commitment to sustainability drives our environmental stewardship, good corporate citizenship in our workplaces and communities, and the products and services we provide to customers. For additional information, please visit http://www.johnsoncontrols.com/. Minimum requirements to listen to broadcast:

    The Windows Media Player software, downloadable free from http://www.microsoft.com/ and at least a 56Kbps connection to the Internet or Real Player software, downloadable free from http://www.realplayer.com/.

    If you experience problems listening to the Webcast, send an E-mail to: webcast@multivu.com. Audio: http://www.videonewswire.com/event.asp?id=46411

    Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20070930/AQSU001LOGO
    AP Archive: http://photoarchive.ap.org/
    PRN Photo Desk, photodesk@prnewswire.com Audio: http://www.videonewswire.com/event.asp?id=46411 Johnson Controls

    CONTACT: Darryll Fortune of Johnson Controls, +1-414-791-8464,
    darryll.fortune@jci.com; or Holly Langdon, +1-414-227-3414, hlangdon@ckpr.biz,
    or Tina Daniell, +1-414-227-3475, tdaniell@ckpr.biz, both for Johnson
    Controls

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

    Company News On-Call: http://www.prnewswire.com/comp/473547.html




    Foundry Networks Reports Preliminary First Quarter 2008 Results

    SANTA CLARA, Calif., April 11 /PRNewswire-FirstCall/ -- Foundry Networks(R), Inc. , a performance and total solutions leader for end-to-end switching and routing, today announced preliminary results for its first quarter ended March 31, 2008.

    Foundry's revenue for the first quarter of 2008 is expected to range between $148.0 million and $150.0 million, compared to $135.8 million in the first quarter of 2007. GAAP net income is expected to range between $13.0 million and $14.0 million, or $0.08 and $0.09 per diluted share including approximately $8.5 million of tax-effected stock-based compensation, compared to $9.1 million or $0.06 per diluted share in the first quarter 2007, including $5.8 million of tax-effected stock-based compensation.

    "Entering the quarter we expressed our view that Foundry would experience typical seasonality, however during the first quarter a more challenging macroeconomic environment evolved from the financial market crises which we believe led some customers to delay their purchase decisions," said Bobby Johnson, President and CEO of Foundry Networks. "While business activity remained robust, order closure rates in most geographies fell below our expectations. We believe the recent investments we've made in our sales organization have strengthened our capabilities and together with our strong product portfolio will have a potentially positive impact particularly as the macroeconomic environment becomes more settled."

    Conference Call

    The Company will provide additional financial and operating details for the first quarter 2008, as well as qualitative outlook for the second quarter, in conjunction with its regularly scheduled earnings announcement on Thursday, April 24, 2008 at 2:00 p.m. Pacific Time. The call can be accessed via a webcast at http://www.foundrynetworks.com/. A Web replay will also be available for approximately 90 days at this same Web address.

    About Foundry Networks

    Foundry Networks, Inc. is a leading provider of high- performance enterprise and service provider switching, routing, security and Web traffic management solutions, including Layer 2/3 LAN switches, Layer 3 Backbone switches, Layer 4-7 application switches, wireless LAN and access points, metro and core routers. Foundry's customers include the world's premier ISPs, metro service providers, and enterprises, including e-commerce sites, universities, entertainment, health and wellness, government, financial and manufacturing companies. For more information about the company and its products, call 1.888.TURBOLAN or visit http://www.foundrynet.com/.

    Forward-Looking Statements

    This press release contains forward-looking statements, as defined under federal securities laws. These forward-looking statements include management's statements regarding delayed customer purchase decisions and our positive expectations concerning our business and that the macroeconomic environment will improve. These statements are not historical facts or guarantees of future performance or events and are based on current expectations, estimates, beliefs, assumptions, goals and objectives, and involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from the results expressed or implied by these statements. These risks include the risk that (i) our final first quarter results could vary from the preliminary results announced today as we finalize our procedures with respect to the quarter; (ii) certain order opportunities may be cancelled or lost rather than delayed; (iii) the macroeconomic environment may remain challenging and unsettled and as a result, our investments in our sales organization and product portfolio will not have a positive impact; and (iv) the weak economic and market conditions may adversely affect our revenue, gross margins and expenses. These risks also include those risks and uncertainties included under the captions "Risk Factors" in Foundry's Annual Report on Form 10-K for the year ended December 31, 2007, which is on file with the SEC and is available on Foundry's investor relations website at http://www.foundrynet.com/company/ir/ir-sec and on the SEC website at http://www.sec.gov/.

    Foundry Networks, Inc.

    CONTACT: Dan Fairfax, Chief Financial Officer, +1-408-207-1700,
    dfairfax@foundrynet.com, or Michael Iburg, Treasurer, +1-408-207-1305,
    miburg@foundrynet.com, both of Foundry Networks, Inc.; or Investor Relations,
    Brendan Lahiff of FD, +1-415-293-4425, brendan.lahiff@fd.com, for Foundry
    Networks, Inc.

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




    Featured Stocks on Today's Edition of WallSt.net's 3-Minute Press Show: RCCH, DPAC

    NEW YORK, April 11 /PRNewswire/ -- WallSt.net's 3-Minute Press Show is a daily video program hosted by WallSt.net reporter Tracee Tolentino.

    Shows air Monday through Friday on: http://tv.wallst.net/3-min-press/3-min-press.php.

    WallSt.net's 3-Minute Press Show features in-depth interviews with public company executives on their company and most recent press releases. The show is designed to provide viewers with insight into a company's most recent press release, and its impact on the company's growth.

    The following executives were interviewed on today's show: -- Gene Newton, CEO of RCC Holdings Corp. (Pink Sheets: RCCH) (http://rccholdings.com/) -- Steve Runkel, President and CEO of Quatech, Inc., a DPAC Technologies Corp. company (BULLETIN BOARD: DPAC) (http://www.quatech.com/) About WallStreet Direct, Inc.

    WallStreet Direct, Inc. a wholly-owned subsidiary of Financial Media Group, Inc., owns and operates WallSt.net (http://www.wallst.net/), a leading source of up-to-the-minute business news, comprehensive financial tools and original multimedia content for the investment community. In addition to WallSt.net, WallStreet Direct owns and operates WallStRadio (http://radio.wallst.net/) an online hub for business podcasts from well-known business news personalities and publishers. We have received two thousand nine hundred ninety five dollars from RCC Holdings Corp. for media and advertising services. We have received nine hundred ninety five dollars from Quatech, Inc. for media and advertising services. To read our full disclaimer, and for a complete list of our advertisers, and advertising relationships, visit http://www.wallst.net/disclaimer/disclaimer.php.

    About RCC Holdings Corp.

    RCC Holdings Corp. through acquisitions offers consulting, financing and overall business structure in the public and private equity sectors. RCC Holdings Corp. specializes in finding undervalued small cap and microcap companies with exciting products, services or technology that are poised for explosive growth. RCC Holdings Corp. provides these companies with guidance and strategic counseling to help them succeed. RCC Holdings Corp. is currently in negotiations with several companies which meet these criteria.

    About Quatech, Inc.

    Quatech delivers high-performance device networking and connectivity solutions to help companies improve their bottom line results. Its products enable reliable machine-to-machine (M2M) communications via secure 802.11 wireless or traditional wired networks, with industrial grade embedded radios, modules, boards and external device servers and bridges. For local and mobile connections, Quatech's serial adapters provide secure connectivity and port expansion via any interface option.

    Contact WallSt.net 800-4-WALLST

    WallStreet Direct, Inc.; RCC Holdings Corp.; Quatech, Inc.

    CONTACT: WallSt.net, 1-800-4-WALLST

    Web site: http://rccholdings.com/
    http://www.quatech.com/
    http://www.wallst.net/




    SmartCard Marketing Systems Inc. (Pink Sheets: SMKG) Mobile Merchant Services Program for Businesses and Sales Forces 'On The Go' With Instant Signup Unlike any Other Financial Institution Offering

    SAN ANTONIO, April 11 /PRNewswire-FirstCall/ -- As Stated by SmartCard Marketing Systems Inc. (Pink Sheets: SMKG) "Velocitymoney.com is the most unique merchant service for "on the go" businesses and sales people. Our instant service signup and Pin debit encrypted solution over the internet creates the easiest and most affordable solution for under $35.00.

    We are entering a market segment presently dominated by Processors such as Moneris, Chase Paymentech, Beanstream, Bank of America and many more. This is a multi-billion dollar segment yearly in the USA alone and much more significant in Europe of which SmartCard Marketing with its proprietary platform and solutions can create opportunity to gain market share with a very aggressive strategy to become a dominant player.

    What creates such an impressive solution is the unique e-wallet setup with Pin debit services that are mobile and can be used worldwide with instant confirmation and the added security of card present transaction that no other method offers. This is becoming the clear choice of merchants, businesses and sales forces that Velocitymoney.com is winning over.

    Velocitymoney.com generates its revenues from sales of terminals, prepaid product and transactions processed from its clients with the addition of revenues generated from transfer requests between merchants and their customers."

    We seek safe harbor.

    SmartCard Marketing Systems Inc.

    CONTACT: Max Barone, Smart Card Marketing Systems Inc., 1-866-774-2555,
    maxbarone@gosmartcard.com

    Web site: http://velocitymoney.com/
    http://www.gosmartcard.com/




    Blizzard Entertainment(R)'s World of Warcraft(R): The Burning Crusade(R) Surpasses One Million Peak Concurrent Player Milestone in Mainland China

    SHANGHAI, China, April 11 /Xinhua-PRNewswire/ -- The9 Limited (''The9''), a leading online game operator in China, today announced that Blizzard Entertainment(R)'s World of Warcraft(R), the subscription-based massively multiplayer online role-playing game (MMORPG) has achieved a record peak concurrency of 1 million, the highest concurrency since the game's commercial launch in June 2005, following the launch of its new expansion pack, World of Warcraft: The Burning Crusade(R), in mainland China on September 6, 2007.

    World of Warcraft: The Burning Crusade is the first expansion pack for the massively multiplayer online role-playing game developed by Blizzard Entertainment and operated by The9 in mainland China. In addition to continuing World of Warcraft's epic story line, Blizzard Entertainment's Burning Crusade expansion pack has extended the existing game content in a variety of ways, raising the original game to new heights. After the launch of the expansion pack, many existing players returned to the game and numerous new players have also been attracted to participate in the experience. It is no doubt that the epic game content and quality of Blizzard Entertainment's World of Warcraft: The Burning Crusade has once again written a new chapter in mainland China's online game history.

    About The9 Limited

    The9 Limited is a leading online game operator in China. The9's business is primarily focused on operating and developing high-quality games for the Chinese online game market. The9 directly or through affiliates operates licensed MMORPGs, consisting of MU(R), Blizzard Entertainment(R)'s World of Warcraft(R), Soul of The Ultimate Nation(TM), Granado Espada, and its first proprietary MMORPG, Joyful Journey West(TM), in mainland China. It has also obtained exclusive licenses to operate additional MMORPGs and advanced casual games in mainland China, including Hellgate: London, Ragnarok Online 2, Emil Chronicle Online, Huxley(TM), FIFA Online 2, Audition 2, Field of Honor and Audition. In addition, The9 is also developing various proprietary games, including Warriors of Fate Online(TM) and Fantastic Melody Online(TM).

    About Blizzard Entertainment, Inc.

    Best known for blockbuster hits including World of Warcraft(R) and the Warcraft(R), StarCraft(R), and Diablo(R) series, Blizzard Entertainment, Inc. ( http://www.blizzard.com/ ), a division of Vivendi Games, is a premier developer and publisher of entertainment software renowned for creating some of the industry's most critically acclaimed games. Blizzard Entertainment's track record includes ten #1-selling games and multiple Game of the Year awards. The company's online-gaming service, Battle.net(R), is one of the largest in the world, with millions of active users.

    Safe Harbor Statement

    This announcement contains forward-looking statements. These statements are made under the ''safe harbor'' provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as ''will,'' ''expects,'' ''anticipates,'' ''future,'' ''intends,'' ''plans,'' ''believes,'' ''estimates'' and similar statements. Among other things, the business outlook and quotations from management in this press release contain forward-looking statements. The9 may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission on Forms 20-F and 6-K, etc., in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about The9's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, The9's limited operating history as an online game operator, political and economic policies of the Chinese government, the laws and regulations governing the online game industry, information disseminated over the Internet and Internet content providers in China, intensified government regulation of Internet cafes, The9's ability to retain existing players and attract new players, license, develop or acquire additional online games that are appealing to users, anticipate and adapt to changing consumer preferences and respond to competitive market conditions, and other risks and uncertainties outlined in The9's filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 20-F. The9 does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

    For further information, please contact: Ms. Dahlia Wei Senior Manager, Investor Relations The9 Limited Tel: +86-21-5172-9990 Email: IR@corp.the9.com Web: http://www.corp.the9.com/

    The9 Limited

    CONTACT: Ms. Dahlia Wei, Senior Manager, Investor Relations of The9
    Limited, +86-21-5172-9990, or IR@corp.the9.com

    Web site: http://www.corp.the9.com/




    Valeo Park4U(TM) System Receives Allianz 2008 Genius Safety Award

    PARIS, April 11 /PRNewswire/ -- Valeo announces today that its Park4U(TM) system has been awarded the 2008 Genius Safety Award by German insurance company Allianz. The award was presented during a ceremony organized yesterday at the Volkspalast in Leipzig on the occasion of the Auto Mobil International (AMI) show by Dr. Karl-Walter Gutberlet, Member of the board of Allianz, and received by Martin Haub, Valeo Vice-President Research & Development and Product Marketing.

    The Genius safety award recognizes innovations that are already on the road and which contribute to a safer automotive environment by reducing the number and severity of road accidents. Park4U(TM) was selected by the "Allianz Zentrum für Technik" Automotive GmbH (Allianz Center of Automotive Technology) based on its contribution to preventing damage when parking. This significantly reduces repair costs for drivers and insurance companies. In Germany, for example, one out of three damage claims to car insurers comes from failed parking maneuvers.

    "We are honored to receive this safety award for our Park4U(TM) system," said Martin Haub during the ceremony. "This award demonstrates Valeo's ability to offer systems that are not only convenient and easy to use for drivers but that also offer significant safety improvements on the road."

    Park4U(TM) offers a new standard of simplicity and safety. After accurately evaluating the available parking space, the system automatically steers the car into the parking slot in a matter of seconds. The driver remains in control by operating acceleration and braking during the maneuver.

    Park4U(TM) is a technological breakthrough and an ever-growing commercial success. By 2010, sixteen models will be equipped with the Valeo system. Today it is available on Volkswagen Touran, CrossTouran, Tiguan, Passat and Passat Variant. The next cars featuring the system will be the Volkswagen Passat Coupe and the new Skoda Superb.

    Valeo is an independent industrial group dedicated to the design, production and sale of components, integrated systems and modules for cars and trucks. It is one of the world's leading automotive suppliers. The Group has 125 production sites, 62 R&D centers, 9 distribution platforms, and employs 61,200 people in 28 countries.

    For more information about the Group and its activities, please visit our web site http://www.valeo.com

    For all additional information, please contact: Claire Vidal-Pilo, Media relations, Tel: +33-1-40-55-21-26 claire.vidal-pilo@valeo.com Sylvie Delion, Media relations, Tel: +33-1-40-55-20-96 sylvie.delion@valeo.com

    Valeo Management Services

    For all additional information, please contact: Claire Vidal-Pilo, Media relations, Tel: +33-1-40-55-21-26, claire.vidal-pilo@valeo.com; Sylvie Delion, Media relations, Tel: +33-1-40-55-20-96, sylvie.delion@valeo.com




    Le système Valeo Park4U(TM) reçoit le prix 2008 de la sécurité << Genius >> de la compagnie d'assurance Allianz

    PARIS, April 11 /PRNewswire/ -- Valeo annonce aujourd'hui que la société d'assurance allemande Allianz lui a décerné le prix de la sécurité << Génius 2008 >> pour son système Park4U(TM). Lors d'une cérémonie organisée hier au Palais du peuple à Leipzig, à l'occasion du Salon Automobile International (AMI), Dr. Karl-Walter Gutberlet, membre du Directoire d'Allianz, a remis le prix à Martin Haub, Vice Président Recherche et Développement et Marketing Produits de Valeo.

    Le Prix de la sécurité << Genius >> récompense les innovations déjà disponibles contribuant à une meilleure sécurité sur la route par la réduction du nombre d'accidents et de leur gravité. Park4U(TM) a été sélectionné par << l'Allianz Zentrum für Technik" Automotive GmbH >> (centre de technologie automobile Allianz) pour sa contribution à la prévention des accrochages liés aux manoeuvres de stationnement. Ce système réduit de manière significative les coûts de réparation pour les conducteurs et les assureurs. En Allemagne par exemple, un tiers des déclarations d'assurance porte sur des créneaux ratés.

    << Nous sommes honorés de recevoir ce prix de la sécurité pour notre système Park4U(TM) >> a déclaré Martin Haub lors de la cérémonie. << Ce prix récompense la capacité de Valeo à offrir des systèmes non seulement faciles à utiliser mais aussi améliorant la sécurité sur la route. >>

    Park4U(TM) offre un nouveau standard de simplicité et de sécurité. Après avoir calculé avec précision la longueur de la place de stationnement disponible, le système gare automatiquement la voiture en quelques secondes. Le conducteur garde à tout moment le contrôle de l'accélération et du freinage.

    Park4U(TM) est une avancée technologique et un succès commercial grandissant. D'ici à 2010, seize modèles seront équipés du système Valeo, aujourd'hui disponible sur les Volkswagen Touran, Cross Touran, Tiguan, Passat et Passat Variant. Les prochaines voitures équipées du système seront la Volkswagen Passat Coupé et la nouvelle Skoda Superb.

    Valeo est un Groupe industriel indépendant dédié à la conception, la fabrication et la vente de composants, systèmes intégrés et modules pour automobiles et poids lourds. Il se classe parmi les premiers équipementiers mondiaux. Le Groupe possède 125 sites de production, 62 centres de Recherche et Développement, 9 plates-formes de distribution et emploie 61.200 collaborateurs dans 28 pays.

    Pour toute information complémentaire, veuillez contacter : Claire Vidal Pilo Presse Produits et Technologies Tél.: +33-1-40-55-21-26 claire.vidal-pilo@valeo.com Sylvie Delion Presse Produits et Technologies Tél. : +33-1-40-55-20-96 sylvie.delion@valeo.com

    Pour en savoir plus sur le Groupe et ses activités, consultez notre site Internet à l'adresse http://www.valeo.com

    Valeo Management Services

    Pour toute information complémentaire, veuillez contacter : Claire Vidal Pilo, Presse Produits et Technologies Tél.: +33-1-40-55-21-26, claire.vidal-pilo@valeo.com; Sylvie Delion, Presse Produits et Technologies Tél. : +33-1-40-55-20-96, sylvie.delion@valeo.com




    UTStarcom Announces Date of 2008 Annual Meeting

    ALAMEDA, Calif., April 10 /PRNewswire-FirstCall/ -- UTStarcom, Inc. today announced that its 2008 Annual Meeting of Stockholders will be held on Friday, June 27, 2008 at 1:00 p.m., local time. The meeting will be held at the Company's offices located at 1275 Harbor Bay Parkway, Alameda, California 94502. Stockholders of record as of the close of business on April 29, 2008 are entitled to notice of and vote at the 2008 Annual Meeting.

    (Logo: http://www.newscom.com/cgi-bin/prnh/20051013/SFTH063LOGO) Rule 14a-8 Stockholder Proposal Deadline

    Pursuant to Rule 14a-8 under the Securities Exchange Act of 1934, as amended, UTStarcom previously set a deadline of March 26, 2008 for the receipt of any stockholder proposals submitted pursuant to Rule 14a-8 for inclusion in UTStarcom's proxy materials for the 2008 Annual Meeting. As a result, the deadline for the receipt of stockholder proposals under Rule 14a-8 has passed.

    Bylaws Advance Notice Deadline

    In accordance with the requirements for advance notice set forth in UTStarcom's Bylaws, in order for (i) a stockholder proposal submitted outside of Rule 14a-8 for consideration at the 2008 Annual Meeting or (ii) a director nomination submitted by a stockholder for election at the 2008 Annual Meeting to be considered timely, such proposal or nomination must be received at the principal executive offices of the Company by close of business on Monday, April 21, 2008 at the address noted above. Such proposals or nominations must comply with Article II, Section 2.5 of UTStarcom's Bylaws. UTStarcom recommends that such proposals be sent by certified mail, return receipt requested.

    This press release constitutes a public announcement of the date of the 2008 Annual Meeting for purposes of Article II, Section 2.5 of UTStarcom's Bylaws. A copy of UTStarcom's Bylaws is available by submitting a written request to the address noted above, Attention: Investor Relations, or by accessing the corporate governance section of UTStarcom's website at http://www.utstar.com/.

    About UTStarcom, Inc.

    UTStarcom is a global leader in IP-based, end-to-end networking solutions and international service and support. The company develops, manufactures and markets its broadband, wireless, and terminal solutions to network operators in both emerging and established telecommunications markets worldwide. UTStarcom enables its customers to rapidly deploy revenue-generating access services using their existing infrastructure, while providing a migration path to cost-efficient, end-to-end IP networks. UTStarcom was founded in 1991 and is headquartered in Alameda, California, the company has research and development centers in the USA, Canada, China, Korea and India.

    For more information about UTStarcom, please visit the UTStarcom Web site at http://www.utstar.com/.

    Photo: http://www.newscom.com/cgi-bin/prnh/20051013/SFTH063LOGO
    AP Archive: http://photoarchive.ap.org/
    PRN Photo Desk photodesk@prnewswire.com UTStarcom, Inc.

    CONTACT: Barry Hutton, Senior Director, Investor Relations of UTStarcom,
    Inc., +1-510-769-2807, barry.hutton@utstar.com

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

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