Players from Around the Globe 'Zoom Out' to Provide a Fresh Perspective on Wireless at Qualcomm's Annual BREW Conference, May 28-30 in San Diego

SAN DIEGO, April 16 /PRNewswire-FirstCall/ -- Qualcomm Incorporated , a leading developer and innovator of advanced wireless technologies and data solutions, today announced its exciting agenda for the BREW(R) 2008 Conference, set for May 28-30 at the Manchester Grand Hyatt in San Diego. Themed "Zoom Out," BREW 2008 will provide attendees with a renewed perspective on mobility by showcasing the innovations and new possibilities that are shaping the industry. In addition to Qualcomm CEO Dr. Paul E. Jacobs' annual keynote address, Andrew Gilbert, Qualcomm's newly appointed executive vice president and president of Qualcomm Internet Services, MediaFLO Technologies and Qualcomm Europe, will be giving his first BREW Conference keynote to share his vision for success in the global wireless market.

"Voice and text services are utilities and multi-service is the new reality. BREW is the industry's leading solution for monetizing services," Gilbert said. "BREW 2008 is essential for any operator, developer or vendor that wants to be at the leading edge of the multi-service mobile world." Gilbert will be joined by industry experts, operators and developers as Qualcomm lays out its future vision, not just for BREW, but also for content delivery for the mobile market.

This year's conference will feature a variety of technical, business and advanced programming sessions, as well as panels covering the latest trends in the wireless industry ranging from mobile retailing and direct-to-consumer offerings to opportunities for growth in new mobile content areas. Approximately 70 sponsors and exhibitors, including BREW operators, handset manufacturers, content providers, publishers and developers, will be showcasing the latest innovations in wireless applications and services. Key sponsors include Verizon Wireless, GlobalLogic, Obopay, FusionOne, Glu, Innaworks, RCR Wireless News and more.

Qualcomm is pleased to introduce new locations for both the Welcome Reception and BREWfest this year. Attendees will kick off the conference networking at the Welcome Reception being held at the Children's Museum San Diego on Wednesday, May 28, followed by BREWfest the evening of Thursday, May 29 in San Diego's Gaslamp Quarter. This year's BREWfest features the rock group Live. The band's album "Throwing Copper," featuring the hits "Lightning Crashes" and "I Alone," was the only one in Billboard history to stay on the charts for 52 weeks and then reach Number One.

The annual BREW Developer Awards, which honor the achievements of notable BREW publishers and developers, have evolved to reflect growing opportunities in the wireless space. BREW Developer Award winners will be announced on Thursday, May 29. The BREW 2008 Developer Awards program consists of the following seven categories:

* Best Up and Coming Application * Best Public or Private Sector Business Application * Best Location-Based Service Application * Best Community/Social Networking Application * Best Personalization or Infotainment Application * Best Game Application * People's Choice Award

For more information on the BREW 2008 Conference, and to register and reserve hotel accommodations, please visit: http://www.brew2008.com/. When booking travel, please consider that this year's agenda has expanded to include a full day of activities on Wednesday, May 28. Interested attendees are encouraged to register now as registration is limited.

Qualcomm Internet Services enables mobile retailing solutions and Internet services that accelerate consumer adoption and usage of mobile data worldwide for its operator, brand & affinity and content provider customers. BREW and BrandXtend(TM) are comprehensive solutions for customers seeking to bring high-value wireless services to market and enhance the mobile experience for consumers. Customers also can benefit from a portfolio of adaptable, modular products that can be used to address specific mobile retail challenges from general merchandizing to personalized recommendations.

Qualcomm Incorporated (http://www.qualcomm.com/) is a leader in developing and delivering innovative digital wireless communications products and services based on CDMA and other advanced technologies. Headquartered in San Diego, Calif., Qualcomm is included in the S&P 500 Index and is a 2007 FORTUNE 500(R) company traded on The Nasdaq Stock Market(R) under the ticker symbol QCOM.

Qualcomm and BREW are registered trademarks of Qualcomm Incorporated. BREW Gaming and BrandXtend are trademarks of Qualcomm Incorporated. All other trademarks are the property of their respective owners.

Qualcomm Contacts: Chris Grandis, Qualcomm Internet Services Phone: 1-858-651-6022 Email: qis-pr@qualcomm.com Emily Kilpatrick, Corporate Communications Phone: 1-858-845-5959 Email: corpcomm@qualcomm.com John Gilbert, Investor Relations Phone: 1-858-658-4813 Email: ir@qualcomm.com

Qualcomm Incorporated

CONTACT: Chris Grandis, Qualcomm Internet Services, +1-858-651-6022,
qis-pr@qualcomm.com, Emily Kilpatrick, Corporate Communications,
+1-858-845-5959, corpcomm@qualcomm.com, or John Gilbert, Investor Relations,
+1-858-658-4813, ir@qualcomm.com, all of Qualcomm Incorporated

Web site: http://www.qualcomm.com/
http://www.brew2008.com/

Mobile TeleSystems Announces Financial Results for the Fourth Quarter and Full Year Ended December 31, 2007

MOSCOW, April 16 /PRNewswire-FirstCall/ -- Mobile TeleSystems OJSC ("MTS") , today announced its consolidated US GAAP financial results for the three months (unaudited) and full year ended December 31, 2007.

Key Financial Highlights of FY 2007 - Consolidated revenues up 29% y-o-y to $8,252 million

- Consolidated OIBDA[1] up 31% to $4,223 million y-o-y with 51.2% OIBDA margin

- Consolidated net income up 93% year on year to $2,072 million - Free cash-flow[2] generation of $964 million Key Corporate and Industry Highlights - Allocation of 3G licenses in Russia, Uzbekistan and Armenia - Countrywide rebranding of operations in Ukraine - Launch of a CDMA network in Ukraine

- Entry into Armenia through acquisition of leading operator, K-Telecom (VivaCell)

- Launch of Blackberry enterprise service in Ukraine and Russia (2008) - Payment of $747 million dividend and adoption of MTS Dividend Policy - Acquisition of Bashcell, a small Russian regional operator - Consolidation of ownership stake in Uzdunrobita (MTS Uzbekistan) - Adoption of employee remuneration program for over 420 managers Group Outlook for 2008 - Group revenue growth of 25% - Group OIBDA margin of 50% - Group CAPEX of $2.5 bn

Leonid Melamed, President and Chief Executive Officer, highlighted, "2007 was another year of strong growth and enhanced profitability. In successfully implementing our corporate strategy, we have realized even stronger growth in our financial position and enhanced our leadership in the region. Given our solid foundation and record of success, we are confident that 2008 will continue to provide opportunities to further develop our business and generate greater returns for shareholders.

Financial Summary[3] US$ million Q4'07 Q4'06 y-o-y Q3'07 q-o-q 2007 2006 y-o-y Revenues 2,326 1,806 29% 2,216 5% 8,252 6,384 29% OIBDA 1,127 938 20% 1,175 -4% 4,223 3,230 31% - margin 48.4% 51.9% -3.5pp 53.0% -4.6pp 51.2% 50.6% +0.6pp NOI[4] 644 649 -1% 802 -20% 2,734 2,134 28% - margin 27.7% 35.9% -8.2pp 36.2% -8.5pp 33.1% 33.4% -0.3pp Net income 460 110[5] 317% 655 -30% 2,072 1,076[6] 93% Group Operating Review Market Growth

Each market of operation reporting increased mobile penetration[7] in 2007:

- Up from 114% to 119% in Russia; - Up from 115% to 120% in Ukraine; - Up from 16% to 22% in Uzbekistan; - Up from 6% to 7% in Turkmenistan; - Up from 69% to 73% in Belarus. Subscriber Development

The Company added approximately 4.0 million new customers during the fourth quarter of 2007 on a consolidated basis that were all added organically. During the quarter MTS added:

- 3.0 million subscribers in Russia; - 0.1 million subscribers in Ukraine; - 0.5 million subscribers in Uzbekistan; - 67 thousand subscribers in Turkmenistan; - 0.3 million subscribers in Armenia.

Our Belarus operations added 135.3 thousand subscribers during the quarter.

Since the end of the fourth quarter to March 31, 2008, MTS has organically added a further 2.97 million users, expanding its consolidated subscriber base to 84.94 million.

Key Subscriber Statistics (mln) Q4'06 Q1'07 Q2'07 Q3'07 Q4'07 Total consolidated 72.86 74.16 74.67 77.97 81.97 subscribers, eop Russia 51.22 51.50 52.68 54.42 57.43 Ukraine 20.00 20.75 19.81 19.91 20.00 Uzbekistan[8] 1.45 1.70 1.95 2.29 2.80 Turkmenistan 0.18 0.20 0.24 0.29 0.36 Armenia - - - 1.07 1.38 MTS Belarus[9] 3.21 3.37 3.48 3.66 3.80 Market Share

MTS was able to maintain its leading position in the majority of its markets of operation during 2007. At the end of the fourth quarter, MTS' subscriber market share:

- Maintained at 33% in Russia; - Declined from 37% to 36% in Ukraine; - Maintained at 54% in Uzbekistan; - Increased from 86% to 88% in Turkmenistan; - Reached 74% in Armenia. In Belarus, the market share declined slightly to 53% from 54%. Customer Segmentation

Subscriptions to MTS' pre-paid tariff plans accounted for 86% of gross additions in Russia and 96% in Ukraine in the fourth quarter. At the end of the fourth quarter 2007, 88% of MTS' customers in Russia were signed up to pre-paid tariff plans. In Ukraine, the share of customers signed to pre-paid tariff plans remained at 92%.

Russia Highlights US$ mln Q4'07 Q4'06 y-o-y Q3'07 q-o-q 2007 2006 y-o-y Revenues 1,723 1,332 29% 1,667 3% 6,181 4,666 32% OIBDA 822[10] 692 19% 881[11] -7% 3,153[12] 2,330 35% - margin 47.7% 52.0% -4.3pp 52.8% -5.1pp 51.0% 49.9% +1.1pp Net income 344 10[13] 3,332% 508 -32% 1,616 670[14] 141% CAPEX 490 317 55% 207 137% 919 1,078 -15% - as % of 28.4% 23.8% +4.6pp 12.4% +16.0pp 14.9% 23.1% -8.2pp rev Q4'06 Q1'07 Q2'07 Q3'07 Q4'07 2006 2007 ARPU (US$) 8.5 8.2 9.2 10.0 10.0 7.9 9.2 MOU (min) 133 134 151 167 187 129 157 Churn rate 5.1 6.1 5.2 7.1 5.1 23.3 23.1 (%) SAC (US$) 29.1 26.2 28.9 24.3 26.6 23.2 26.3 Ukraine Highlights US$ mln Q4'07 Q4'06 y-o-y Q3'07 q-o-q 2007 2006 y-o-y Revenues 425 400 6% 439 -3% 1,608 1,490 8% OIBDA 195 202 -3% 220 -11% 782 764 2% - margin 45.8% 50.4% -4.6pp 50.1% -4.3pp 48.6% 51.3% -2.7pp Net income 75 100 -25% 95 -21% 319 375 -15% CAPEX 169 185 -9% 126 34% 545 576 -5% - as % of 39.7% 46.3% -6.6pp 28.7% +11.0pp 33.9% 38.7% -4.8pp rev Q4'06 Q1'07 Q2'07 Q3'07 Q4'07 2006 2007 ARPU (US$) 7.2 5.7 6.4 7.3 7.1 7.3 6.6 MOU (min) 147 135 152 162 163 142 154 Churn rate 8.2 7.8 14.1 12.5 14.4 29.9 49.0 (%) SAC (US$) 7.8 11.2 13.7 10.9 12.7 10.2 12.1 Uzbekistan Highlights US$ mln Q4'07 Q4'06 y-o-y Q3'07 q-o-q 2007 2006 y-o-y Revenues 77 46 66% 66 16% 248 137 82% OIBDA 49 30 64% 41 18% 158 84 89% - margin 63.6% 64.0% -0.4pp 62.5% +1.1pp 63.5% 61.1% +2.4pp Net income 31 16 93% 25 25% 90 37 140% CAPEX 13 3 294% 5 168% 30 52 -42% - as % of 16.4% 6.9% +9.5pp 7.1% +9.3pp 12.1% 37.7% -25.6pp rev Q4'06 Q1'07 Q2'07 Q3'07 Q4'07 2006 2007 ARPU (US$) 12.0 10.3 10.4 10.3 10.0 11.1 9.7 MOU (min) 515 463 549 565 574 437 516 Churn rate 10.7 16.8 17.9 14.3 13.5 50.0 58.2 (%) SAC (US$) 3.1 4.1 3.7 4.4 4.8 3.5 4.3 Turkmenistan Highlights US$ mln Q4'07 Q4'06 y-o-y Q3'07 q-o-q 2007 2006 y-o-y Revenues 47 30 58% 45 3% 168 106 59% OIBDA 29 14 99% 28 2% 93 52 81% - margin 61.4% 48.5% +12.9pp 62.0% -0.6pp 55.5% 48.9% +6.6pp Net income 3 -16 - 27 -89% 40 -7 - CAPEX 27 8 258% 1 2,620% 32 16 96% - as % of 58.3% 25.7% 32.6% 2.2% +56.1pp 18.9% 15.3% +3.6pp rev Q4'06 Q1'07 Q2'07 Q3'07 Q4'07 2006 2007 ARPU (US$) 60.2 61.4 63.4 57.4 48.1 69.9 51.9 MOU (min) 239 227 264 299 282 225 250 Churn rate 5.1 6.1 6.3 8.6 5.5 12.5 24.4 (%) SAC (US$) 37.7 47.7 26.9 20.8 19.7 32.2 24.7 Armenia Highlights US$ mln Q4'07 Q3'07[15] q-o-q 2007 Revenues 58 8 n/a 67 OIBDA 33 5 n/a 38 - margin 56.2% 59.8% n/a 56.5% Net income 7 0.1 n/a 7 CAPEX 14 n/a n/a 14 - as % of 24.0% n/a n/a 21.0% rev Q3'07 Q4'07 2007 ARPU (US$) 15.7 15.8 15.5 SAC (US$) 12.9 15.2 9.7 Group Financial Position

MTS' expenditure on property, plant and equipment in the fourth quarter totaled approximately $581 million, of which $386 million was invested in Russia, $153 million in Ukraine, $4 million in Uzbekistan, $27 million in Turkmenistan and $11 million in Armenia. The Company's expenditure on property, plant and equipment for the full year 2007 totaled approximately $1,317 million, of which $740 million in Russia, $519 million in Ukraine, $16 million in Uzbekistan, $32 million in Turkmenistan and $11 million in Armenia.

MTS spent approximately $133 million on the purchase of intangible assets during the fourth quarter, of which $105 million was spent in Russia, $16 million in Ukraine, $9 million in Uzbekistan and $3 million in Armenia. The Company spent approximately $222 million on the purchase of intangible assets during the full year 2007, of which $179 million in Russia, $25 million in Ukraine, $14 million in Uzbekistan and $3 million in Armenia.

As of December 31, 2007, MTS' total debt[16] was at $3.4 billion, resulting in a ratio of total debt to OIBDA of 0.8 times. Net debt amounted to $2.8 billion at the end of the quarter and the net debt to OIBDA of 0.7 times.

Mobile TeleSystems OJSC ("MTS") is the largest mobile phone operator in Russia and the CIS. Together with its subsidiaries, the Company services over 84.94 million subscribers. The regions of Russia, as well as Armenia, Belarus, Turkmenistan, Ukraine, and Uzbekistan, in which MTS and its associates and subsidiaries are licensed to provide GSM services, have a total population of more than 230 million. Since June 2000, MTS' Level 3 ADRs have been listed on the New York Stock Exchange (ticker symbol MBT). Additional information about MTS can be found on MTS' website at http://www1.mtsgsm.com/.

Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of MTS, as defined in the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify forward looking statements by terms such as "expect," "believe," "anticipate," "estimate," "intend," "will," "could," "may" or "might," and the negative of such terms or other similar expressions. We wish to caution you that these statements are only predictions and that actual events or results may differ materially. We do not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. We refer you to the documents MTS files from time to time with the U.S. Securities and Exchange Commission, specifically the Company's most recent Form 20-F. These documents contain and identify important factors, including those contained in the section captioned "Risk Factors" that could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, potential fluctuations in quarterly results, our competitive environment, dependence on new service development and tariff structures, rapid technological and market change, acquisition strategy, risks associated with telecommunications infrastructure, risks associated with operating in Russia and the CIS, volatility of stock price, financial risk management and future growth subject to risks.

Attachments to the Fourth Quarter and Full Year 2007 Earnings Press Release

Attachment A

Non-GAAP financial measures. This press release includes financial information prepared in accordance with accounting principles generally accepted in the United States of America, or US GAAP, as well as other financial measures referred to as non-GAAP. The non-GAAP financial measures should be considered in addition to, but not as a substitute for, the information prepared in accordance with US GAAP.

Operating Income Before Depreciation and Amortization (OIBDA) and OIBDA margin. OIBDA represents operating income before depreciation and amortization. OIBDA margin is defined as OIBDA as a percentage of our net revenues. Our OIBDA may not be similar to OIBDA measures of other companies; is not a measurement under accounting principles generally accepted in the United States and should be considered in addition to, but not as a substitute for, the information contained in our consolidated statement of operations. We believe that OIBDA provides useful information to investors because it is an indicator of the strength and performance of our ongoing business operations, including our ability to fund discretionary spending such as capital expenditures, acquisitions of mobile operators and other investments and our ability to incur and service debt. While depreciation and amortization are considered operating costs under generally accepted accounting principles, these expenses primarily represent the non-cash current period allocation of costs associated with long-lived assets acquired or constructed in prior periods. Our OIBDA calculation is commonly used as one of the bases for investors, analysts and credit rating agencies to evaluate and compare the periodic and future operating performance and value of companies within the wireless telecommunications industry. OIBDA can be reconciled to our consolidated statements of operations as follows:

Group (US$ mln) Q4'06 Q1'07 Q2'07 Q3'07 Q4'07 2006 2007 Operating income 648.8 597.2 691.0 801.8 643.8 2,133.7 2,733.8 Add: D&A 289.2 305.9 327.7 372.9 483.0 1,095.9 1,489.6 OIBDA 938.0 903.1 1,018.7 1,174.7 1,126.9 3,229.7 4,223.4 Russia (US$ Q4'06 Q1'07 Q2'07 Q3'07 Q4'07 2006 2007 mln) Operating 479.0 463.6 531.1 612.0 469.3 1,510.8 2,076.1 income Add: D&A 213.3 218.3 236.8 268.8 352.7 819.3 1,076.6 OIBDA 692.3 681.9 767.9 880.9[17] 822.0[18] 2,330.1 3,152.7[19] Ukraine (US$ mln) Q4'06 Q1'07 Q2'07 Q3'07 Q4'07 2006 2007 Operating income 137.6 92.9 120.6 136.7 106.7 530.5 456.8 Add: D&A 64.1 75.5 78.3 83.1 88.1 233.7 325.0 OIBDA 201.7 168.4 198.8 219.7 194.8 764.3 781.8 Uzbekistan (US$ Q4'06 Q1'07 Q2'07 Q3'07 Q4'07 2006 2007 mln) Operating income 22.1 23.6 28.5 27.0 35.2 56.6 114.3 Add: D&A 7.5 7.7 8.2 14.1 13.5 26.9 43.5 OIBDA 29.6 31.3 36.7 41.1 48.7 83.6 157.8 Turkmenistan (US$ Q4'06 Q1'07 Q2'07 Q3'07 Q4'07 2006 2007 mln) Operating income 10.1 17.2 10.8 22.6 22.9 35.7 73.5 Add: D&A 4.3 4.4 4.4 5.4 5.7 15.9 20.0 OIBDA 14.4 21.6 15.2 28.1 28.6 51.7 93.5 Armenia (US$ mln) Q3'07 Q4'07 2007 Operating income 3.5 9.7 13.2 Add: D&A 1.5 23.0 24.5 OIBDA 5.0 32.7 37.7 OIBDA margin can be reconciled to our operating margin as follows: Group Q4'06 Q1'07 Q2'07 Q3'07 Q4'07 2006 2007 Operating margin 35.9% 34.3% 35.1% 36.2% 27.7% 33.4% 33.1% Add: D&A 16.0% 17.6% 16.6% 16.8% 20.7% 17.2% 18.1% OIBDA margin 51.9% 51.9% 51.7% 53.0% 48.4% 50.6% 51.2% Russia Q4'06 Q1'07 Q2'07 Q3'07 Q4'07 2006 2007 Operating margin 35.9% 35.4% 35.9% 36.6% 27.2% 32.4% 33.5% Add: D&A 16.0% 16.7% 16.0% 16.1% 20.5% 17.5% 17.4% OIBDA margin 51.9% 52.1% 51.8% 52.8% 47.7% 49.9% 51.0% Ukraine Q4'06 Q1'07 Q2'07 Q3'07 Q4'07 2006 2007 Operating margin 34.4% 26.5% 30.7% 31.2% 25.1% 35.6% 28.4% Add: D&A 16.0% 21.5% 19.9% 18.9% 20.7% 15.7% 20.2% OIBDA margin 50.4% 48.0% 50.6% 50.1% 45.8% 51.3% 48.6% Uzbekistan Q4'06 Q1'07 Q2'07 Q3'07 Q4'07 2006 2007 Operating margin 47.8% 48.0% 50.1% 41.0% 45.9% 41.4% 46.0% Add: D&A 16.2% 15.7% 14.4% 21.5% 17.6% 19.7% 17.5% OIBDA margin 64.0% 63.7% 64.4% 62.5% 63.6% 61.1% 63.5% Turkmenistan Q4'06 Q1'07 Q2'07 Q3'07 Q4'07 2006 2007 Operating margin 33.9% 48.8% 26.1% 50.0% 49.1% 33.8% 43.7% Add: D&A 14.6% 12.4% 10.8% 12.0% 12.3% 15.1% 11.8% OIBDA margin 48.5% 61.2% 36.8% 62.0% 61.4% 48.9% 55.5% Armenia Q3'07 Q4'07 2007 Operating margin 41.9% 16.7% 19.8% Add: D&A 17.9% 39.5% 36.8% OIBDA margin 59.8% 56.2% 56.6% Attachment B

Net debt represents total debt less cash and cash equivalents and short-term investments. Our net debt calculation is commonly used as one of the bases for investors, analysts and credit rating agencies to evaluate and compare our periodic and future liquidity within the wireless telecommunications industry. The non-GAAP financial measures should be considered in addition to, but not as a substitute for, the information prepared in accordance with US GAAP.

Net debt can be reconciled to our consolidated balance sheets as follows: US$ million As of As of Dec 31, Dec 31, 2006 2007 Current portion of debt and of capital 150.6 713.3 lease obligations Long-term debt 2,924.5 2,686.5 Capital lease obligations 3.3 1.9 Total debt 3,078.5 3,401.7 Less: Cash and cash equivalents (220.0) (634.5) Short-term investments (56.0) (15.8) Net debt 2,802.4 2,751.4

Free cash-flow can be reconciled to our consolidated statements of cash flow as follows:

US$ million For the year For the ended Dec year 31, 2006 ended Dec 31, 2007 Net cash provided by operating 2,378.9 3,350.2 activities Less: Purchases of property, plant and (1,450.0) (1,316.7) equipment Purchases of intangible assets (272.0) (222.9) Proceeds from sale of property, plant 11.0 22.0 and equipment Purchases of other investments (3.9) 2.8 Investments in and advances to 20.0 2.0 associates Acquisition of subsidiaries, net of (38.2) (873.1) cash acquired Free cash-flow 645.9 964.4 Attachment C Definitions

Subscriber. We define a "subscriber" as an individual or organization whose account shows chargeable activity within sixty one days in the case of post-paid tariffs, or one hundred and eighty three days in the case of our pre-paid tariffs, or whose account does not have a negative balance for more than this period.

Average monthly service revenue per subscriber (ARPU). We calculate our ARPU by dividing our service revenues for a given period, including interconnect and guest roaming fees, by the average number of our subscribers during that period and dividing by the number of months in that period.

Average monthly minutes of usage per subscriber (MOU). MOU is calculated by dividing the total number of minutes of usage during a given period by the average number of our subscribers during the period and dividing by the number of months in that period.

Churn. We define our "churn" as the total number of subscribers who cease to be a subscriber as defined above during the period (whether involuntarily due to non-payment or voluntarily, at such subscriber's request), expressed as a percentage of the average number of our subscribers during that period.

Subscriber acquisition cost (SAC). We define SAC as total sales and marketing expenses and handset subsidies for a given period. Sales and marketing expenses include advertising expenses and commissions to dealers. SAC per gross additional subscriber is calculated by dividing SAC during a given period by the total number of gross subscribers added by us during the period.

For further information and full financial disclosure please visit http://www.mtsgsm.com/news/reports.

[1] See Attachment A for definitions and reconciliation of OIBDA and OIBDA margin to their most directly comparable US GAAP financial measures.

[2] See Attachment B for reconciliation of free cash-flow to net cash provided by operating activity.

[3] Q4 2007 statements are unaudited. [4] Net Operating Income (NOI).

[5] Reflecting the $320 mln write-off of Bitel LLC; y-o-y growth rate of 7% excluding the write-off.

[6] Reflecting the $320 mln write-off of Bitel LLC; y-o-y growth rate of 48% excluding the write-off.

[7] The source for all market information based on the number of SIM cards in Russia and Ukraine in this press release is AC&M-Consulting.

[8] MTS employs a two-month inactive churn policy in Uzbekistan

[9] MTS owns a 49% stake in Mobile TeleSystems LLC, a mobile operator in Belarus, which is not consolidated.

[10] Including intercompany of $0.4 mln. [11] Including intercompany of $2.2 mln. [12] Including intercompany of $2.6 mln.

[13] Reflecting the $320 mln write-off of Bitel LLC; y-o-y growth rate of 4% excluding the write-off.

[14] Reflecting the $320 mln write-off of Bitel LLC; y-o-y growth rate of 63% excluding the write-off.

[15] Date of purchase was September 14, 2007.

[16] Total debt is comprised of the current portion of debt, current capital lease obligations, long-term debt and long-term capital lease obligations; net debt is the difference between the total debt and cash and cash equivalents and short-term investments; see Attachment B for reconciliation of net debt to our consolidated balance sheet.

[17] Including intercompany of $2.2 mln. [18] Including intercompany of $0.4 mln. [19] Including intercompany of $2.6 mln. For further information, please contact: Mobile TeleSystems, Moscow Investor Relations Tel: +7-495-223-2025 E-mail: ir@mts.ru

MTS Mobile TeleSystems

CONTACT: For further information, please contact: Mobile TeleSystems,
Moscow, Investor Relations, Tel: +7-495-223-2025, E-mail: ir@mts.ru

Shell and Computershare Take Top Honours at Global Equity Organization Awards

LONDON, April 16 /PRNewswire/ -- Computershare (ASX:CPU) and Shell (NYSE:RDS.A) are delighted to announce that Shell has been awarded the 'Best Use of Technology' accolade for its ambitious and ground breaking global tax calculator at the 7th annual Global Equity Organization Awards.

Taking place in San Francisco this year, the awards recognise innovation and achievement in the share plan industry, focusing specifically on how technology is used to develop appropriate and comprehensive technological solutions to share plan administration, communication, and internal project management.

During 2006 and 2007 Computershare, along with Deloitte, devised a completely new and automated system of handling the tax implications of share plan membership for 15,000 employees across 120 countries.

This automated solution is capable of performing a large number of simultaneous tax calculations, enabling participants to receive net proceeds in most countries and in most currencies within three working days. It also enables Shell to make tax withholding payments to various authorities within the required time frame.

"Shell's business is all about facing and conquering challenges. In Computershare, we have a partner with the people and the capability to share our approach," commented Pam Roffe, Manager, Global Stock Plans, Royal Dutch Shell plc. "We are really pleased to have received this award."

Iain Wilson, Head of Business Development for Computershare Plan Managers, said: "We are delighted that GEO has recognised Computershare's work with Shell as the 'Best Use of Technology' in the world of global equity. The Shell global tax calculator is unique in that we deliver Deloitte's tax expertise to each plan member instantly, at the click of a mouse. In combining tax compliance with an excellent service to employees, this service is a triumph that has very quickly become the benchmark for the industry."

The award comes on the back of an extremely successful 18 months for Computershare's plans business - Computershare was also behind the creation of BHP's Global Share Plan, Shareplus, the recipient of a GEO and two ifs ProShare awards for its effectiveness and originality.

About Computershare Limited (CPU)

Computershare (ASX:CPU) is a global leader in share registration, employee equity plans, proxy solicitation and other specialised financial and communication services. Many of the world's largest companies employ our innovative solutions to maximise the value of their relationships with investors, employees, customers and members.

Computershare has approximately 10,000 employees across the world and serves 14,000 corporations and 90 million shareholders and employee accounts in 18 countries across five continents.

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

Media Enquiries: Lucy Newcombe, Marketing Director Tel: +44(0)870-7030041 Email: lucy.newcombe@computershare.co.uk

Computershare

Media Enquiries: Lucy Newcombe, Marketing Director, Tel: +44(0)870-7030041, Email: lucy.newcombe@computershare.co.uk

Tommy Hilfiger and Sony BMG Unveil TommyTV, a New Online Global Music TV Concept

AMSTERDAM, April 16 /PRNewswire/ -- Tommy Hilfiger continues to bring music and fashion together with the global launch of TommyTV (http://www.tommytv.com), an online evolution of the Hilfiger Sessions music series, staged in creative collaboration with Sony BMG Europe, that brings the excitement of live music to audiences around the globe.

TommyTV, which goes live today, builds on the existing success of The Hilfiger Sessions, a series of established and successful music events. The Hilfiger Sessions feature high profile artists playing with new and upcoming talent in intimate gigs in cities around the world, with recent Sessions taking place in Madrid, Berlin and Amsterdam hosted by artists such as Wyclef Jean and Kelly Rowland.

The live recordings of The Hilfiger Sessions form the centrepiece of TommyTV, allowing music fans to enjoy exclusive content and experience the thrill of live musical performances via unprecented online video presentation. TommyTV features:

- Exclusive content from the global Hilfiger Sessions concerts.

- Exclusive artist interviews and backstage footage.

- The chance to discover new music talent or for new artists to be discovered through the Hilfiger Auditions.

Tommy Hilfiger said: "I have always been inspired by music and our Company was one of the first to truly fuse fashion and music through a variety of initiatives. The launch of TommyTV takes our musical heritage to the next level by offering the exclusive Hilfiger Sessions performances to a wider audience. With Sony BMG as our partner, we are thrilled to be at the forefront of bringing music and fashion together with the latest technological and online innovations."

Fred Gehring, CEO Tommy Hilfiger Group, said: "We first started the Hilfiger Sessions' concerts out of our love for live music and a pure desire to support upcoming talent. The Sessions grew to develop major followings in cities across Europe, and we have been actively seeking ways to bring the amazing spirit of these live evenings to a broader audience. We are extremely excited to unveil TommyTV as a highly innovative new platform which will inspire and extend the Sessions as well as strengthening our brand's commitment to its heritage of music," commented Fred Gehring.

Maarten Steinkamp, CEO Sony BMG Europe, said: "Great live music provides an audience with a truly unique shared experience, and the partnership of SONY BMG and Tommy Hilfiger, on TommyTV, allows an even wider audience to enjoy that excitement. In a digital age we are looking for innovative and engaging ways to bring our excellent content to our customers, TommyTV will give online exposure to a wide range of popular and established Sony BMG artists, as well as a vibrant mix of new and upcoming talent."

The TommyTV online experience

Alongside featuring globally renowned superstars and up and coming new talent, TommyTV will also offer music fans many other community and interactive options. The multimedia platform will stream across four segments, utilizing state-of-the-art Papervision3D technology to further enhance the online viewing experience.

Sessions

- Unique live clips

- Exclusive backstage footage (rehearsals, interviews)

- Session photos

- Information on upcoming sessions

Auditions

- A new channel for new and upcoming talent

- The ability to upload your own music

- Competitions

Artists

- Premium content from SONY BMG's archives

- Including live performances and interviews with artists

My TommyTV

- Create playlists of your favourite TommyTV clips

- Manage your own account

- Subscribe to a regular news update

The Hilfiger Sessions

Now in its third year, The Hilfiger Sessions have enabled a fashion and music-loving audience to enjoy an electrifying mix of music styles and cultures in an intimate atmosphere. Founded in Amsterdam, The Hilfiger Sessions - an ongoing series of jam sessions coupling established and local and new musicians - have grown into a European phenomenon. The launch of the TommyTV online experience will bring the Sessions to an even wider audience.

Partnerships

Launched by Tommy Hilfiger, Fred Gehring, CEO Tommy Hilfiger Group and Maarten Steinkamp, CEO Sony BMG Europe, TommyTV is a strategic and creative collaboration that offers premium channel content featuring internationally successful Sony artists and emerging talent. The exclusive partnership with Sony BMG Europe - the second largest record company in the world - also brings unique live and previously unavailable material from Sony artists to TommyTV. The TommyTV concept and online platform has been designed and developed by cross media architects Media Republic ( http://www.mediarepublic.com). Tommy Hilfiger and Sony BMG have also partnered with YouTube(tm) and Joost(tm) in order to feature TommyTV content in online communities around the world.

The Tommy Hilfiger Group

Tommy Hilfiger is a leading premium lifestyle brand and one of the largest designer apparel brands globally. Tommy Hilfiger Group, through its subsidiaries, designs, sources and markets men's and women's casual wear, sportswear, jeans, children's wear and footwear. The Group's products can be found in its network of dedicated retail stores in Europe, the United States and Canada, as well as in leading specialty and department stores throughout Europe and North America. Through over 40 licensees, Tommy Hilfiger-branded products, including a broad array of related apparel, accessories, fragrance and home furnishings, are distributed worldwide, including in Mexico, Central and South America, Japan, Australia India, China and elsewhere throughout Asia.

SONY BMG MUSIC ENTERTAINMENT is a global recorded music joint venture with a roster of current artists that includes a broad array of both local artists and international superstars, as well as a vast catalogue that comprises some of the most important recordings in history. SONY BMG is 50% owned by Bertelsmann A.G. and 50% owned by Sony Corporation of America.

Tommy Hilfiger Group

For further information: Abdel El Hamri, Director of Communications, Tommy Hilfiger Europe B.V., Tel: +31(0)20-589-5701, Abdel.Elhamri@tommy.com; Marybeth Schmitt, Senior Vice President Communications, Tommy Hilfiger UAS Inc., Tel: +1-212-548-1952, Mschmitt@tommy-usa.com; Paul Bursche, Communications Director, SONY BMG MUSIC ENTERTAINMENT (UK), Tel: +44(0)207-384-8033, paul.bursche@sonybmg.com

U.S. Financial Services Professionals' Bonus Outlook and Job Confidence DeterioratesSurvey Finds Those Expecting Lower Bonuses Increased from 12% in January to 23% in March34% are Less Confident in Job Security since Bear Stearns Bailout

NEW YORK, April 16 /PRNewswire/ -- A recent survey by eFinancialCareers, the leading network of career sites for financial services professionals and the firms seeking to employ them, found U.S. financial services professionals' outlook on their 2008 bonuses has deteriorated over the last two months, along with confidence in their job security as Wall Street's financial troubles have intensified.

eFinancialCareers conducted a survey in late March of more than 1,200 U.S. financial services professionals, after conducting a similar survey in late January. The number of respondents that expected their 2008 bonus to be lower than their 2007 bonus swelled from 12 percent in January to 23 percent in March. This change was driven mainly by a decrease in the number of professionals who were previously unsure about their 2008 bonus which fell from 27 percent in January to 16 percent in March. Also, respondents not expecting a bonus in 2008 rose from 4 percent in January to 10 percent in March.

"While troubles in the capital markets have been making headlines since the summer of 2007, the reality of the potential effects on 2008 compensation are now really starting to resonate with financial services professionals," said John Benson, founder and Chief Executive Officer of eFinancialCareers.

The survey found there is still a degree of optimism on the 2008 bonus outlook, which could reflect the diversity of financial services jobs. Twenty-five percent of respondents expect their bonuses to climb this year (vs. 27 percent in January), while 27 percent believe bonuses will be about the same (vs. 30 percent in January).

Although 48 percent of respondents did not believe the bailout of Bear Stearns will have an adverse impact on their ability to maintain their jobs, 34 percent are less confident in their job security, while 14 percent have already lost their jobs.

"Over the first three months of the year, the number of resumes posted on eFinancialCareers in the U.S. has nearly doubled versus the same period in 2007. However, those worried about job security and compensation can take some comfort as hedge funds, asset management institutions and even investment banks, are still recruiting talented professionals," Mr. Benson noted.

Job Seeking

It appears recent events did not compel U.S. finance professionals to either jump into the job hunt, or take themselves out of it. The percentage of professionals intending to look for jobs in 2008 remained essentially unchanged from the January survey with approximately 58 percent of March respondents seeking new jobs in 2008. Seventy-two percent of those seeking a job were already looking for a new position before the latest Wall Street troubles.

However, bonus dissatisfaction could be motivation for finding a new job. In January, 54 percent said they planned to look for new jobs in 2008. Asked whether their 2007 bonus was driving them to look for a new job, more than half answered yes or partly.

2007 Bonuses

eFinancialCareers' January survey of U.S. financial services professionals found that contrary to media reports of widespread bonus cutbacks, more than two-thirds of respondents reported an increase in 2007 bonuses compared to 2006. Notably, 19 percent reported their bonuses jumped more than 50 percent compared with 2006. Another 9 percent reported receiving 31-50 percent more than the previous year, while 17 percent received 11-30 percent more. Twenty- one percent said their bonus declined from 2006, while 11 percent said they received no bonus in 2007.

Respondents' total compensation for 2007 showed a median of $140,000 and a mean of $205,158.

Survey Methodology

The January eFinancialCareers Bonus Survey was administered online throughout the month with more than 1,600 registered U.S. eFinancialCareers users responding. Registered users were invited to participate in the survey through e-mail. The follow-up survey was administered online during the two- week period subsequent to the bailout of Bear Stearns in March using the same methodology with more than 1,200 registered eFinancialCareers users responding.

For March and January comparisons, only respondents who indicated they received a 2007 bonus were included. Inconsistent responses were removed from the analysis and data presented.

eFinancialCareers currently lists more than 2,500 permanent, contract and consulting jobs nationwide for financial professionals and more than 12,000 positions worldwide.

Table 1: Do you expect your 2008 bonus to be higher or lower than your 2007 bonus?

January 2008 March 2008 Higher 27% 25% Same 30% 27% Lower 12% 23% Not sure 27% 16% What bonus? 4% 10%

Table 2: Has the recent bailout of Bear Stearns and the news of Wall Street's financial troubles changed your confidence in keeping your job?

March 2008 I am more confident 4% It has had no effect on my confidence 48% I am less confident 34% I've already lost my job 14% Table 3: Do you expect to be job hunting in 2008? January 2008 March 2008 Yes 54% 58% Maybe 24% 20% No 18% 15% Not Sure 4% 6% Table 4: How did your 2007 bonus compare to last year? January 2008 51+% higher 19% 31 - 50% more 9% 11 - 30% more 17% 0 - 10% more 23% 1 - 10% less 6% 11 - 30% less 6% 31 - 50% less 4% 51% less 5% Received no bonus in 2007 11% About eFinancialCareers

eFinancialCareers, a Dice Holdings, Inc. company, is the leading global career site network for professionals working in the investment banking, asset management and securities industries. The website provides financial services professionals with job opportunities, job market news and analysis, salary surveys and career advice. Recruiters and employers can post jobs targeting specific sectors within the financial services industry, both buy-side and sell-side, and can search the resume database for highly qualified and specialized professionals. eFinancialCareers has a network of co-branded career sites with industry-leading trade publications and offers local websites in 14 markets and five languages across North America, Europe, the Middle East and Asia-Pacific. http://www.efinancialcareers.com/

Media ICR Inc. Stephanie Sampiere, 646-277-1222, stephanie.sampiere@icrinc.com Matt Lindberg, 203-682-8214, matt.lindberg@icrinc.com

eFinancialCareers.com

CONTACT: Stephanie Sampiere, +1-646-277-1222,
stephanie.sampiere@icrinc.com, or Matt Lindberg, +1-203-682-8214,
matt.lindberg@icrinc.com, both of ICR Inc. for eFinancialCareers.com

Web site: http://www.efinancialcareers.com/
http://www.diceholdingsinc.com/

ION and LARGEO Announce Geophysical Alliance in RussiaJoint Center to Provide Advanced Seismic Data Processing Services

HOUSTON and MOSCOW, April 16 /PRNewswire-FirstCall/ -- ION Geophysical Corporation , previously known as Input/Output, Inc., and LARGEO, a Moscow-based seismic data processing company, announced today the formation of an alliance to provide advanced imaging services for seismic data acquired in the Russian market. The alliance, known as LARGEO-ION, combines the technological strengths of ION's GX Technology (GXT) Imaging Solutions group with the local market knowledge and extensive regional processing experience of LARGEO to bring best-in-class imaging services to E&P firms operating in Russia.

LARGEO General Director, Andrey Elistratov, stated, "Since our inception in 2004, LARGEO has rapidly gained a presence in the highly competitive Russian market by focusing on technical excellence and responsive service, which allows us to tackle the most complex imaging projects in Russia. Our alliance with ION's GXT group brings together two market leaders and reinforces our commitment to closely align our resources with the needs of our customers."

Nick Bernitsas, Senior Vice President of ION GXT Imaging Solutions, commented, "We believe our collective processing experience, advanced technology, market knowledge and personnel will allow LARGEO-ION to deliver the highest quality seismic imaging with reduced turnaround time. The opening of this Russian processing center marks a key milestone in the global expansion of GXT's data processing services."

Located in Moscow, the LARGEO-ION Imaging Center will deliver a broad range of advanced seismic data processing services with an initial focus on data acquired in the marine environment. The broad scope of imaging services includes: pre-stack depth and time migration, reverse time migration, azimuthal velocity analysis, full-wave imaging, AVO and inversion, velocity modeling, and data conditioning. It is expected that the center will later be expanded to process data acquired onshore, including seismic datasets that require state-of-the-art, high-density, wide-azimuth, full-wave imaging. The Moscow processing center has been outfitted with the latest Linux-based server hardware and advanced data processing technology provided by ION. The center will be staffed principally by LARGEO geophysicists who have been trained by GX Technology at other geophysical service centers around the world.

Alexandre Yakovlev, LARGEO General Manager offered, "The alliance between our two companies will create one of the most powerful seismic data processing centers in Russia. We believe LARGEO-ION will be capable of delivering the highest quality seismic images and will allow our E&P customers to rapidly take advantage of the latest data processing innovations such as reverse time migration and full-wave imaging."

TengBeng Koid, EVP of Global Business Development at ION, commented, "ION has had a long presence in Russia, the world's second largest oil producer and largest holder of proven natural gas reserves. Many Russian geophysical contractors are equipped with ION's VectorSeis(R) sensors that are well suited for acquiring full-wave data in challenging environments both offshore and onshore. We are delighted to be working with LARGEO to offer advanced seismic data processing services, including full-wave imaging techniques, to our customers."

About ION

ION is a leading provider of geophysical technology, services, and solutions for the global oil & gas industry. ION's offerings allow E&P operators to obtain higher resolution images of the subsurface to reduce the risk of exploration and reservoir development, and enable seismic contractors to acquire geophysical data more efficiently. Additional information about ION is available at http://www.iongeo.com/.

About LARGEO

LARGEO LLC, a Moscow-based seismic data processing company, provides data processing and interpretation services to the oil & gas exploration industry. The company utilizes the latest industry standard software and computer hardware to apply seismic processing techniques to land, transition zone, and marine seismic data. Additional information about LARGEO is available at http://www.largeo.com/services_eng.html

The information included herein contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Actual results may vary fundamentally from those described in these forward-looking statements. All forward-looking statements reflect numerous assumptions and involve a number of risks and uncertainties. These risks and uncertainties include risk factors that are disclosed by ION from time to time in its filings with the Securities and Exchange Commission.

Contacts ION (Financial community) Chief Financial Officer Brian Hanson, +1 281.879.3672 ION (Media affairs) Director - Corporate Marketing Kelly Kline, +1 281.879.3593 kelly.kline@iongeo.com

ION Geophysical Corporation

CONTACT: financial community, Brian Hanson, Chief Financial Officer,
+1-281-879-3672, or media affairs, Kelly Kline, Director - Corporate
Marketing, +1-281-879-3593, kelly.kline@iongeo.com, both of ION Geophysical
Corporation

Web site: http://www.iongeo.com/
http://www.largeo.com/services_eng.html

Entergy Provides Preliminary First Quarter Earnings Guidance

NEW ORLEANS, April 16 /PRNewswire-FirstCall/ -- Entergy Corporation today indicated that it expects first quarter 2008 as-reported and operational earnings of approximately $1.55 per share compared to as-reported and operational results of $1.03 per share in first quarter 2007.

As-reported results are prepared in accordance with generally accepted accounting principles and are comprised of operational earnings (described below) and special items. Entergy had no special items included in earnings for either first quarter 2008 or first quarter 2007.

The increase in first quarter 2008 operational earnings is due primarily to higher earnings at Entergy Nuclear with slightly higher results at Utility, Parent and Other also contributing to the increase. Results at Entergy's Non-Nuclear Wholesale Assets business are expected to be approximately the same as first quarter 2007. In addition, Entergy's earnings for the current period include the positive effect of accretion associated with the company's share repurchase program.

The quarter on quarter increase in earnings at Entergy Nuclear is attributed to higher revenue from increased production made available by the addition of Palisades acquired in second quarter 2007 and fewer outage days, as well as higher energy pricing. These items were partially offset by higher expenses at Entergy Nuclear, primarily associated with including Palisades in the portfolio.

Entergy affirmed previously issued as-reported and operational earnings guidance for 2008 to be in the range of $6.50 to $6.90 per share.

Entergy's senior management will host its 2008 Analyst Meeting on April 25, 2008 in New Orleans, La. to discuss quarterly results and other business matters with investors. In addition, Entergy will webcast its analyst meeting including a presentation by its Chief Financial Officer Leo Denault, who will review quarterly results in his presentation. The analyst meeting webcast is scheduled to begin at 7:30 a.m. CT, with Mr. Denault's presentation scheduled for approximately 11:00 a.m. CT. The webcast and presentation slides can be accessed via Entergy's Web site at http://www.entergy.com/.

Entergy Corporation is an integrated energy company engaged primarily in electric power production and retail distribution operations. Entergy owns and operates power plants with approximately 30,000 megawatts of electric generating capacity, and it is the second-largest nuclear generator in the United States. Entergy delivers electricity to 2.7 million utility customers in Arkansas, Louisiana, Mississippi, and Texas. Entergy has annual revenues of more than $11 billion and approximately 14,300 employees.

Additional investor information can be accessed online at http://www.entergy.com/investor_relations

In this release, Entergy makes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are subject to risks and uncertainties. Many factors could cause the actual results to differ materially than the forward-looking information provided. These factors are discussed in more detail in Entergy Corporation's 2007 Annual Report on Form 10-K including (a) Forward-Looking Information, (b) Item 1A. Risk Factors, and (c) Item 7. Management's Financial Discussion and Analysis and subsequent SEC filings.

Entergy Corporation

CONTACT: media, Yolanda Pollard, +1-504-576-4238, ypollar@entergy.com,
or investors, Michele Lopiccolo, +1-504-576-4879, mlopicc@entergy.com

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

Shiner International Announces $7.2 Million in New Coated Film and BOPP Tobacco Film Contracts

HAINAN, China, April 16 /Xinhua-PRNewswire-FirstCall/ -- Shiner International, Inc. , an emerging global leader in the anti- counterfeiting and advanced packaging industry, today announced it has entered into a number of domestic and international contracts to supply 2,200 tons of coated and BOPP tobacco film at an approximate value of $7.2 million.

For the fiscal year-ended Dec. 31, 2007, Shiner reported that total coated film revenue grew 37 percent to $13.2 million, while BOPP tobacco film revenue grew nearly 49 percent to $11.8 million during the same period. With the addition of these new contract wins, the company remains on pace to generate continued growth in both the coated film and BOPP tobacco film business segments during 2008.

Shiner reported the coated film contracts include a mix of domestic and foreign customers who have gravitated toward the technological advantages inherent in its patented film products, as well as the Company's commitment to becoming a low-cost supplier of advanced packaging films in the flexible packaging industry. Domestically, the Company will supply Dongguan-based Hua Yuan and Dongguan-based Qi Miao with a total of 420 tons of coated film. On the international front, Shiner has entered into an agreement with Italy-based Il Park S.R.L. for 300 tons of coated film. Shiner's next-generation of coated film products are primarily used for the packaging of a variety of consumer goods such as food, drugs, cosmetics and other related products.

Under the terms of Shiner's agreement with Guizhou Province-based Guizhou Tobacco, it will supply 580 tons of BOPP tobacco film during 2008. BOPP tobacco film is a packaging film used to ensure product safety and authenticity. Shiner also has a direct sales relationship with FoShan-based Chao Chang, one of the largest domestic packaging companies, which is purchasing 900 tons of BOPP tobacco film in 2008.

Shiner International CEO Mr. Jian Fu commented: "These contracts further showcase Shiner's growing domestic and international market presence, as well as the apparent customer demand for cost competitive packaging solutions which serve to preserve brand identity, as well the freshness and quality of products being sold to millions of consumers throughout the world. We see these contracts as further validation of our sales model, which continues to leverage cross-selling opportunities between our various packaging film lines, while expanding our direct sales and distribution efforts."

About Shiner International, Inc.

Shiner International ( http://www.shinerinc.com/ ) is a U.S. corporation that has its primary operations in China. Headquartered in the city of Haikou - China's "Hawaii" - Shiner's products include coated packaging film, shrink- wrap film, common packaging film, anti-counterfeit laser holographic film and color-printed packaging materials. Approximately 60 percent of Shiner's current customers are located in China, with the remainder spanning Southeast Asia, Europe, the Middle East and North America. Shiner holds 13 patents on products and production equipment, and has additional patent applications pending. The Company's coated films meet the approval of U.S. FDA

requirements, as well as those required for food packaging sold in the EU. Shiner's product manufacturing process is certified under ISO 9001:2000.

Safe Harbor Statement

All statements in this press release that are not historical are forward- looking statements made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. You are cautioned not to place undue reliance on any forward-looking statements in this press release as they reflect Shiner International, Inc.'s current expectations with respect to future events and are subject to risks and uncertainties that may cause actual results to differ materially from those contemplated. Potential risks and uncertainties include, but are not limited to, the risks described in Shiner's filings with the Securities and Exchange Commission.

For more information, please contact: Company Contact: Shiner International, Inc. Ms. Maggie DanDan Xing Tel: +86-138-7668-7688 Email: info@shinerinc.com Investor Relations & Media Contact: Lambert, Edwards & Associates Noel Ryan, Pat Kane Tel: +1-616-233-0500 Email: nryan@lambert-edwards.com

Shiner International, Inc.

CONTACT: Ms. Maggie DanDan Xing of Shiner International, Inc. at +86-138-
7668-7688 or info@shinerinc.com; for Investor Relations & Media, Noel Ryan or
Pat Kane of Lambert, Edwards & Associates at +1-616-233-0500 or nryan@lambert-
edwards.com

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

Concur Announces Schedule for Upcoming Fiscal 2008 Second Quarter Earnings Webcast

REDMOND, Wash., April 16 /PRNewswire-FirstCall/ -- Concur , the world's leading provider of on-demand Employee Spend Management services, today announced that its fiscal 2008 second quarter earnings conference call will take place on Wednesday, April 30, 2008 beginning at 2:00 p.m. (PDT). Concur will open the event to the media and general public by broadcasting the call live over the Internet with presentation slides at http://www.concur.com/investors. The Webcast will also be archived on a temporary basis for later listening at the same Web address. The call will feature Steve Singh, chairman and chief executive officer for Concur, and John Adair, chief financial officer for Concur, who will discuss financial results for the second quarter of fiscal 2008 and Concur's business outlook.

About Concur

Concur is the world's leading provider of on-demand Employee Spend Management services. Concur enables organizations to globally control costs by automating the processes they use to manage employee spending. Concur's end-to-end solutions seamlessly unite online travel booking with automated expense reporting, streamline meeting management and optimize the process of managing vendor payments, employee check requests and direct reimbursements. Organizations of all sizes trust Concur to help them control spend before it occurs while eliminating paper and optimizing supplier relations. Concur's unified approach to managing employee spend delivers a 360 degree view into all employee expenses, helping companies globally enforce policies and monitor vendor compliance, while delivering unprecedented control and valuable insight. Concur's suite of on-demand services reach millions of employees across thousands of organizations around the world -- streamlining business processes, reducing operating costs, improving internal controls and providing enhanced visibility and actionable expense analysis. More information about Concur is available at http://www.concur.com/.

Concur

CONTACT: Stefanie Johansen of Weber Shandwick, +1-425-452-5468,
SJohansen@WeberShandwick.com, for Concur; or Investors, John Torrey of Concur,
+1-425-497-5986, john.torrey@concur.com

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

Johnson Controls Reports Record Sales and Earnings in Q2 2008; Confirms Full-Year 2008 Outlook for Record Results

MILWAUKEE, April 16 /PRNewswire-FirstCall/ -- Johnson Controls, Inc. (JCI) today reported record sales and income from continuing operations for the second quarter of fiscal 2008. Sales increased 11% reflecting growth in each of its businesses. Diluted earnings per share from continuing operations increased to $0.48 from $0.44 last year (adjusted for a 3-for-1 stock split effective October 2, 2007); excluding non-recurring tax benefits in the second quarter of fiscal 2007, diluted earnings per share from continuing operations increased 30%, from $0.37. The reported earnings per share are at the top of the range forecast by the company in January. Each of the company's businesses increased quarterly profits by more than 25% versus last year.

(Logo: http://www.newscom.com/cgi-bin/prnh/20070930/AQSU001LOGO)

The company also confirmed its full-year 2008 earnings guidance of 18% year-over-year growth.

Chairman and Chief Executive Officer Stephen A. Roell said, "We continue to deliver strong sales and earnings growth in each of our businesses. We are executing on our growth strategies and improving our productivity and cost structure. Our focus on delivering greater value by improving comfort, safety and sustainability and our increasing presence in growing international markets will enable us to achieve a record performance in 2008."

Second-Quarter 2008 Results

Sales for the quarter ended March 31, 2008 rose 11% to a record $9.4 billion from $8.5 billion last year. Segment income was $453 million, up 29% from $351 million in the 2007 quarter. Income from continuing operations was $289 million, 28% higher than the prior year's $225 million (excluding the non-recurring tax benefits) due to the higher segment income.

Building efficiency sales increased 11% to $3.3 billion from $3.0 billion due to increased global demand for the company's offerings for nonresidential buildings that improve energy efficiency and reduce greenhouse gas emissions. The company reported strong revenue growth in systems and services as well as global workplace solutions. Segment income increased 29% to $177 million from $137 million in 2007, due to the higher global volumes and improved margins. The backlog of uncompleted contracts at March 31, 2008 was $4.5 billion, up 15% versus the previous year, reflecting strong demand in domestic and international markets. Johnson Controls said that in the second quarter it was selected to participate in a multi-billion dollar, multi-year infrastructure upgrade program with the U.S. Air Force. The company also released new Metasys facility management system technology that increases its wireless connectivity capabilities.

Power solutions sales were up 47% to $1.5 billion from $1.0 billion. The increase was primarily due to higher prices resulting from the pass-through of increased lead costs. Segment income increased 30% to $121 million from $93 million in the 2007 quarter due to operational efficiencies and improved performance of joint ventures in Asia. Excluding the impact of lead, power solutions margins in the 2008 quarter increased over the prior year. Johnson Controls said that it had successfully launched production of original equipment batteries for a new customer in the second quarter.

Automotive experience sales for the second quarter of 2008 totaled $4.6 billion, up 2% from $4.5 billion. Revenues in Europe increased 9% while North American sales were 7% lower. Asia/Pacific revenues increased 8%. Industry light vehicle production in North America was down 8%, while in Europe it increased 1%. Segment income increased 28% to $155 million versus $121 million for the prior year quarter. Reflecting the benefits of operational efficiencies and improved pricing, North America income increased to $25 million from a loss of $1 million a year ago despite the lower production volume in the 2008 quarter. Income in Asia increased to $10 million from $2 million last year. The company said that its backlog of new business continued to increase in the second quarter as it received new interiors orders from Dacia, First Auto Works, Ford, General Motors, Kia, Nissan and Volkswagen.

2008 Full Year and Third-Quarter Outlook

The fiscal 2008 full-year earnings outlook provided by the company on October 9, 2007 remains unchanged with diluted earnings per share from continuing operations increasing approximately 18% to $2.45 - $2.50 from $2.10 in 2007. The company increased its revenue forecast for the full year and now expects sales to grow 13% to $39 billion, versus the earlier guidance of $38 billion.

For the third quarter of fiscal 2008, the company forecasts diluted earnings per share from continuing operations to increase 12 to 15%, to $0.74 to $0.76. This forecast excludes the potential impact on vehicle production from a prolonged labor strike of a supplier to a North American automotive customer.

Mr. Roell said, "All three of our businesses participate in large, growing global markets. In addition, a significant portion of our revenues comes from recurring sources like commercial building services and aftermarket automotive batteries. Our business backlogs are strong and growing, giving us good visibility of our future earnings performance. We are focused on improving our cost structure, which will result in continued increases in the profitability of each of our businesses. With our diversified business portfolio, we are well positioned to achieve sustainable, profitable growth and are confident in our ability to achieve our financial targets."

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/

Johnson Controls, Inc. ("the Company") has made forward-looking statements in this document pertaining to its financial results for fiscal 2008 and beyond that are based on preliminary data and are subject to risks and uncertainties. All statements other than statements of historical fact are statements that are or could be deemed forward-looking statements and include terms such as "outlook," "expectations," "estimates," or "forecasts." For those statements, the Company cautions that numerous important factors, such as automotive vehicle production levels and schedules, energy prices, the ability to mitigate the impact of higher raw material costs, the strength of the U.S. or other economies, currency exchange rates, cancellation of commercial contracts, changes to domestic and foreign tax rates as well as other factors discussed in the Company's most recent Form 10-K filing (dated November 29, 2007) could affect the Company's actual results and could cause its actual consolidated results to differ materially from those expressed in any forward-looking statement made by, or on behalf of, the Company.

JOHNSON CONTROLS, INC. CONDENSED CONSOLIDATED STATEMENTS OF INCOME (in millions, except per share data; unaudited) Three Months Ended March 31, 2008 2007 Net sales $9,406 $8,492 Cost of sales 8,096 7,299 Gross profit 1,310 1,193 Selling, general and administrative expenses (888) (861) Financing charges - net (66) (69) Equity income 31 19 Income from continuing operations before income taxes and minority interests 387 282 Provision for income taxes 81 17 Minority interests in net earnings of subsidiaries 17 3 Income from continuing operations 289 262 Loss from discontinued operations, net of income taxes - (4) Loss on sale of discontinued operations, net of income taxes - (30) Net income $289 $228 Diluted earnings per share from continuing operations $0.48 $0.44 Diluted earnings per share $0.48 $0.38 Diluted weighted average shares 601 598 Shares outstanding at period end 593 591 JOHNSON CONTROLS, INC. CONDENSED CONSOLIDATED STATEMENTS OF INCOME (in millions, except per share data; unaudited) Six Months Ended March 31, 2008 2007 Net sales $18,890 $16,702 Cost of sales 16,273 14,435 Gross profit 2,617 2,267 Selling, general and administrative expenses (1,838) (1,664) Financing charges - net (135) (138) Equity income 48 48 Income from continuing operations before income taxes and minority interests 692 513 Provision for income taxes 145 70 Minority interests in net earnings of subsidiaries 23 13 Income from continuing operations 524 430 Loss from discontinued operations, net of income taxes - (10) Loss on sale of discontinued operations, net of income taxes - (30) Net income $524 $390 Diluted earnings per share from continuing operations $0.87 $0.72 Diluted earnings per share $0.87 $0.65 Diluted weighted average shares 602 596 Shares outstanding at period end 593 591 JOHNSON CONTROLS, INC. CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (in millions; unaudited) March 31, September 30, 2008 2007 ASSETS Cash and cash equivalents $233 $674 Accounts receivable - net 6,451 6,600 Inventories 2,209 1,968 Other current assets 1,716 1,630 Current assets 10,609 10,872 Property, plant and equipment - net 4,324 4,208 Goodwill 6,401 6,131 Other intangible assets - net 793 773 Investments in partially-owned affiliates 854 795 Other noncurrent assets 1,638 1,326 Total assets $24,619 $24,105 LIABILITIES AND SHAREHOLDERS' EQUITY Short-term debt and current portion of long-term debt $1,017 $1,163 Accounts payable and accrued expenses 6,242 6,440 Other current liabilities 2,254 2,317 Current liabilities 9,513 9,920 Long-term debt 3,301 3,255 Minority interests in equity of subsidiaries 150 128 Other noncurrent liabilities 2,060 1,895 Shareholders' equity 9,595 8,907 Total liabilities and shareholders' equity $24,619 $24,105 JOHNSON CONTROLS, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (in millions; unaudited) Three Months Ended March 31, 2008 2007 Operating Activities Net income $289 $228 Adjustments to reconcile net income to cash provided by operating activities: Depreciation and amortization 194 188 Equity in earnings of partially-owned affiliates, net of dividends received (22) (15) Minority interests in net earnings (loss) of subsidiaries 17 3 Deferred income taxes (29) (54) Loss on sale of discontinued operations - 30 Other - net 13 28 Changes in working capital, excluding acquisition and divestiture of businesses: Receivables (57) (277) Inventories (68) (43) Accounts payable and accrued liabilities 47 353 Change in other assets and liabilities (86) 14 Cash provided by operating activities 298 455 Investing Activities Capital expenditures (174) (211) Sale of property, plant and equipment 17 9 Acquisition of businesses, net of cash acquired (43) - Business divestitures - 35 Other - net (42) 2 Cash used in investing activities (242) (165) Financing Activities Decrease in short and long-term debt - net (89) (270) Payment of cash dividends (78) (126) Other - net (63) 26 Cash used in financing activities (230) (370) Decrease in cash and cash equivalents $(174) $(80) JOHNSON CONTROLS, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (in millions; unaudited) Six Months Ended March 31, 2008 2007 Operating Activities Net income $524 $390 Adjustments to reconcile net income to cash provided by operating activities: Depreciation and amortization 385 374 Equity in earnings of partially-owned affiliates, net of dividends received - (32) Minority interests in net earnings of subsidiaries 23 13 Deferred income taxes (20) (49) Non-cash restructuring costs - 30 Other - net 52 46 Changes in working capital, excluding acquisition and divestiture of businesses: Receivables 429 (128) Inventories (150) (90) Accounts payable and accrued liabilities (763) 73 Change in other assets and liabilities (4) (20) Cash provided by operating activities 476 607 Investing Activities Capital expenditures (361) (441) Sale of property, plant and equipment 32 17 Acquisition of businesses, net of cash acquired (69) - Business divestitures - 35 Other - net (90) (54) Cash used in investing activities (488) (443) Financing Activities Decrease in short and long-term debt - net (196) (209) Payment of cash dividends (143) (130) Other - net (90) 54 Cash used in financing activities (429) (285) Decrease in cash and cash equivalents $(441) $(121) FOOTNOTES 1. Business Unit Summary Three Months Ended Six Months Ended March 31, March 31, (in millions) (unaudited) (unaudited) 2008 2007 % 2008 2007 % Net Sales Building efficiency $3,299 $2,963 11% $6,543 $5,885 11% Automotive experience 4,650 4,541 2% 9,239 8,761 5% Power solutions 1,457 988 47% 3,108 2,056 51% Net Sales $9,406 $8,492 $18,890 $16,702 Segment Income Building efficiency $177 $137 29% $340 $260 31% Automotive experience 155 121 28% 233 156 49% Power solutions 121 93 30% 254 235 8% Segment Income $453 $351 $827 $651 Financing charges - net (66) (69) (135) (138) Income from continuing operations before income taxes and minority interests $387 $282 $692 $513 Net Sales Products and systems $7,593 $6,841 11% $15,302 $13,533 13% Services 1,813 1,651 10% 3,588 3,169 13% $9,406 $8,492 $18,890 $16,702 Cost of Sales Products and systems $6,725 $6,034 11% $13,467 $11,944 13% Services 1,371 1,265 8% 2,806 2,491 13% $8,096 $7,299 $16,273 $14,435 Building efficiency -- Provides facility systems and services including comfort, energy and security management for the non-residential buildings market and provides heating, ventilating, and air conditioning products and services for the residential and non-residential building markets. Automotive experience -- Designs and manufactures interior systems and products for passenger cars and light trucks, including vans, pick-up trucks and sport/crossover utility vehicles. Power solutions -- Services both automotive original equipment manufacturers and the battery aftermarket by providing advanced battery technology, coupled with systems engineering, marketing and service expertise. Beginning in fiscal year 2007, Company management, including the chief operating decision maker, adjusted their measurement of business unit performance, changing from operating income to segment income, which represents income from continuing operations before income taxes and minority interests excluding restructuring charges and net financing charges. The primary reason for the modification was to reflect equity income in earnings for each business operation given its growing significance to the Company's global business strategies. 2. Income Taxes In June 2006, FASB issued FASB interpretation No. 48, "Accounting for Uncertainty in Income Taxes -- an interpretation of FASB Statement No. 109" (FIN 48). FIN 48 prescribes a comprehensive model for how a company should recognize, measure, present, and disclose in its financial statements uncertain tax positions that a company has taken or expects to take on a tax return. The Company adopted FIN 48 as of October 1, 2007. Upon adoption, the Company increased its existing reserves for uncertain tax positions by $93 million. The increase was recorded as a cumulative effect adjustment to shareholders' equity of $68 million and an increase to goodwill of $25 million related to prior year business combinations. As of the adoption date, the Company had gross tax affected unrecognized tax benefits of $616 million of which $475 million, if recognized, would affect the effective tax rate. Also as of the adoption date, the Company had accrued interest expense and penalties related to the unrecognized tax benefits of $75 million (net of tax benefit). The Company recognizes interest and penalties related to unrecognized tax benefits as a component of income tax expense or goodwill, when applicable.

The tables below show a reconciliation of the provision for income taxes for the three and six months ended March 31, 2007 (in millions):

Three Months Ended Six Months Ended March 31, 2007 March 31, 2007 Amount Tax Rate Amount Tax Rate (unaudited) (unaudited) Federal, state and foreign income tax expense $59 21.0% $107 21.0% Effective tax rate adjustment (5) - Change in tax status of foreign subsidiary (22) (22) Income tax audit resolutions (15) (15) Provision for income taxes $17 6.3% $70 13.6%

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20070930/AQSU001LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Johnson Controls, Inc.

CONTACT: Investors, Glen Ponczak, +1-414-524-2375, or Media, Monica
Levy, +1-414-524-2695, both of Johnson Controls, Inc.

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

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

VimpelCom's Subsidiary To Manage Sky Mobile's Operations in Kyrgyzstan

MOSCOW and NEW YORK, April 16 /PRNewswire-FirstCall/ -- Open Joint Stock Company "Vimpel-Communications" ("VimpelCom" or the "Company") , a leading provider of telecommunications services in Russia and the Commonwealth of Independent States ("CIS"), announced that the Company's Kazakhstan subsidiary, TOO KaR-Tel ("KaR-Tel"), signed a management agreement to assist in operation and management of the network of LLC Sky Mobile ("Sky Mobile"), a leading GSM operator in Kyrgyzstan.

Pursuant to this agreement, KaR-Tel will assist in operation and management of Sky Mobile's mobile network and will assist Sky Mobile, on an exclusive basis, with provision of products and services on the territory of Kyrgyzstan.

Sky Mobile is 100% owned by Crowell Investments Limited ("Crowell"). Crowell also owns 50% less one share of KaR-Tel's parent company, Limnotex Development Limited ("Limnotex"). VimpelCom indirectly owns the remaining 50% plus one share of Limnotex.

In February 2008, VimpelCom advanced to Crowell a loan in the principal amount of US$350 million for a term of 18 months at an interest rate of 10% per annum. To secure its borrowing, Crowell granted VimpelCom a security interest over 25% of the shares of Limnotex. In connection with the loan, Crowell also granted VimpelCom two call options over the entire issued share capital of Sky Mobile's parent company.

The VimpelCom Group is a telecommunications operator, providing voice and data services, covered through a range of wireless, fixed and broadband technologies. The Group includes companies operating in Russia, Kazakhstan, Ukraine, Uzbekistan, Tajikistan, Georgia and Armenia, in territories with a total population of about 250 million. VimpelCom was the first Russian company to list its shares on the New York Stock Exchange ("NYSE"). VimpelCom's ADSs are listed on the NYSE under the symbol "VIP".

This press release contains "forward-looking statements", as the phrase is defined in Section 27A of the Securities Act and Section 21E of the Exchange Act. These statements relate to the anticipated benefits of the management agreement and the ability to exercise the two call options. These statements involve risks and uncertainties. For example, since November 2006, the Chief Executive Officer and directors of our Company have received several letters from Mobile TeleSystems OJSC ("MTS") and its representatives asserting that Sky Mobile's business and its assets were misappropriated from Bitel, an MTS affiliate, and demanding that we not purchase Sky Mobile, directly or indirectly, or participate or assist in the sale of Sky Mobile to any other entities. These letters have suggested that MTS will take legal action against our company in order to protect MTS's interest in Bitel and Bitel's assets, including Bitel's alleged interests in certain of Sky Mobile's assets. Our Company believes that its transactions with Crowell and Sky Mobile are valid and will defend vigorously any action or proceeding asserting any wrongdoing or liability in connection therewith. However, there can be no assurance that MTS or any other party will not bring action against our Company or KaR-Tel in connection with Sky Mobile or, if so brought, whether we will prevail in any such lawsuit. The adverse resolution of any matter that may arise in connection with Sky Mobile could have a material adverse effect on our business and financial results. Certain additional factors that could cause actual results to differ materially from those discussed in any forward-looking statements include the risks described in the Company's Annual Report on Form 20-F for the year ended December 31, 2006 and other public filings made by the Company with the United States Securities and Exchange Commission, which risk factors are incorporated herein by reference. The Company disclaims any obligation to update developments of these risk factors or to announce publicly any revision to any of the forward-looking statements contained in this press release, or to make corrections to reflect future events or developments.

Vimpel-Communications

CONTACT: Alexander Boreyko of VimpelCom, 7(495) 910-5977,
Investor_Relations@vimpelcom.com; or Michael Polyviou of FD, +1-212-850-5600.
mpolyviou@fd-us.com

STMicroelectronics Announces Timing for 1st Quarter 2008 Earnings Release and Conference Call

GENEVA, April 16 /PRNewswire-FirstCall/ -- STMicroelectronics announced that it will release first quarter 2008 earnings after 5:00 p.m. U.S. Eastern Time / 11:00 p.m. Central European Time (CET), on April 28, 2008.

The press release will be available immediately after the release on the Company's website at http://www.st.com/.

The management of STMicroelectronics will conduct a conference call on April 29, 2008 at 9:00 a.m. U.S. Eastern Time / 3:00 p.m. CET, to discuss performance for the first quarter of 2008.

The conference call will be available via the Internet by accessing the following Web address: http://investors.st.com/. Those accessing the webcast should go to the Web site at least 15 minutes prior to the call, in order to register, download and install any necessary audio software. The webcast will be available until May 9, 2008.

About STMicroelectronics

STMicroelectronics is a global leader in developing and delivering semiconductor solutions across the spectrum of microelectronics applications. An unrivalled combination of silicon and system expertise, manufacturing strength, Intellectual Property (IP) portfolio and strategic partners positions the Company at the forefront of System-on-Chip (SoC) technology and its products play a key role in enabling today's convergence markets. The Company's shares are traded on the New York Stock Exchange, on Euronext Paris and on the Milan Stock Exchange. In 2007, the Company's net revenues were $10 billion. Further information on ST can be found at http://www.st.com/.

STMicroelectronics

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

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

'Celebrate Mom for Who She Is'1-800-FLOWERS.COM(R) Creates Contest to Honor All Types of Moms

CARLE PLACE, N.Y., April 16 /PRNewswire-FirstCall/ -- 1-800-FLOWERS.COM, Inc., , the world's largest florist and a leading multi-channel retailer, announced today the launch of an exciting contest entitled "Celebrate Mom for Who She Is." This new contest is designed to appreciate and reflect on Mom's personality and flair.

(Logo: http://www.newscom.com/cgi-bin/prnh/20070507/NYM092LOGO )

"Everyone's Mom has their own individuality and pizzazz that makes them unique; this Mother's Day 1-800-FLOWERS.COM is encouraging consumers to connect with the special mother figure in their life by sharing with the world why your Mom is so wonderful and distinctive," states CEO and founder Jim McCann.

This contest gives entrants the opportunity to enter for a chance to win great prizes like a four day Luxury Included(TM) Family Vacation to Beaches Resorts by submitting a short story with a video or digital photo explaining why their Mom fits into one of five categories: Red Carpet Mom, Garden Mom, Gourmet Mom, Planet Friendly Mom and Mr. Mom. Each category winner will receive prizes that compliment their personality and style. Consumers interested in participating in the contest should visit http://www.1800flowers.com/mom where they can submit entries and learn contest details. "Celebrate Mom for Who She Is," will run thru May 1, 2008.

1-800-FLOWERS.COM has designed the contest to be centered on the five most prevalent Mom personalities.

-- Red Carpet Mom: This is the Mom who was born to be a star. She knows how to take style to the next level or just can't get enough celebrity gossip; either way she was meant to walk the red carpet. -- Garden Mom: She spends her weekend afternoons in the garden planting beautiful flowers and is known for her green thumb. -- Culinary Mom: This is the Mom who feels right at home in the kitchen and can out-cook or out-bake anyone around! -- Planet Friendly Mom: This is the green mom, who is eco-friendly and keeps her family in the green direction. -- Mr. Mom: This is the stay-at-home Dad who completes your life, doing the cooking, errands, and just about everything else.

1-800-FLOWERS.COM has partnered with Bluefly, Beaches Resorts, Excitations and Rancho Las Palmas Resort for the contest's winning prizes.

Other prizes include:

Tickets to The Martha Stewart Show, Lowe's $500 gift card, tickets to a New York Botanical Garden event, complimentary stay at the W Times Square Hotel, gift certificate from Plow & Hearth(R) for patio set and garden tools, $1,000 package of Papyrus personalized stationery and gifts, a four course tasting dinner at the acclaimed LaCroix Restaurant in Philadelphia and opportunity to meet Chef Levine, Keurig B60 coffee maker which includes Green Mountain coffee, Greatfood.com(R) gift certificates to be used on their gourmet selection, a year of planet friendly products from 1-800-FLOWERS.COM(R), gift card to Morton's The Steakhouse, basket of Philosophy products, gift certificate to spafinder.com, 3 months of bouquets from Preston Bailey/Florist to the Stars, pronto bags from Skiphop.com, fabulous snacks from The Popcorn Factory(R) and gift certificates from Cheryl & Co(R), Fannie May(R), HearthSong(R), Wind & Weather, and Magic Cabin(R). Total prizes valued over $30,000.

About 1-800-FLOWERS.COM, Inc.

1-800-FLOWERS.COM, Inc. is the world's leading florist and a provider of specialty gifts for all occasions. For more than 30 years, 1-800-FLOWERS(R), Inc. has been providing customers with fresh flowers and the finest selection of plants, gift baskets, gourmet foods, confections and plush stuffed animals perfect for every occasion. 1-800-FLOWERS.COM(R) (1-800-356-9377 or http://www.1800flowers.com/), named one of the top 50 online retailers by Internet Retailer and the recipient of ICMI's 2006 Global Call Center of the Year Award, offers the best of both worlds: exquisite, florist-designed arrangements individually created by some of the nation's top floral artists and hand-delivered the same day, and spectacular flowers shipped overnight from our "Fresh From Our Growers(SM)" collection. As always, 100% satisfaction and freshness are guaranteed.

The 1-800-FLOWERS.COM, Inc. collection of brands also includes Gourmet Gifts such as popcorn and specialty treats from The Popcorn Factory(R) (1-800-541-2676 or http://www.thepopcornfactory.com/); exceptional cookies and baked gifts from Cheryl&Co.(R) (1-800-443-8124 or http://www.cherylandco.com/); premium chocolates and confections from Fannie May(R) confections brands (http://www.fanniemay.com/ and http://www.harrylondon.com/); gourmet foods from Greatfood.com(R) (http://www.greatfood.com/); wine gifts from Ambrosia(R) (http://www.ambrosia.com/); gift baskets from 1-800-BASKETS.COM(R) (http://www.1800baskets.com/) as well as Home Decor from Plow & Hearth(R) (1-800-627-1712 or http://www.plowandhearth.com/), Problem Solvers(R) (http://www.problemsolvers.com/), Wind & Weather(R) (http://www.windandweather.com/), and Children's Gifts from HearthSong(R) (http://www.hearthsong.com/) and Magic Cabin(R) (http://www.magiccabin.com/); and the BloomNet(R) international floral wire service, which provides quality products and diverse services to a select network of florists. 1-800-FLOWERS.COM, Inc. stock is traded on the NASDAQ Global Select Market under ticker symbol FLWS.

Photo: http://www.newscom.com/cgi-bin/prnh/20070507/NYM092LOGO 1-800-FLOWERS.COM, Inc.

CONTACT: Erin Maestas, +1-516-237-4867, emaestas@1800flowers.com, or
Davina Coard, +1-516-237-4933, dcoard@1800flowers.com, both of
1-800-FLOWERS.COM

Web site: http://www.1800flowers.com/

College Job Market to Become More Competitive, According to CareerBuilder.com's Annual Forecast

CHICAGO, April 16 /PRNewswire/ -- The job market for this year's college graduates is inspiring stiff competition, as employers slow their hiring pace amidst economic uncertainty. Fifty-eight percent of employers plan to hire recent college graduates in 2008, down from 79 percent in 2007. Of those hiring, however, 24 percent expect to hire more recent college graduates in 2008 compared to 2007 and 39 percent plan to increase starting salaries. The new survey, "College Job Forecast 2008," was conducted from February 11 through March 13, 2008 among 3,147 hiring managers and human resource professionals.

"Employers are proceeding with caution as they wait to see how the nation's economic situation unfolds," said Brent Rasmussen, COO of CareerBuilder.com. "At the same time, the demand for educated labor persists, fueling job opportunities and increased starting salaries for recent college graduates in key areas such as healthcare, engineering, sales and information technology."

Thirty-two percent of employers expect to offer recent college graduates starting salaries ranging between $30,000 and $40,000. An additional 15 percent will offer between $40,000 and $50,000 and 11 percent will offer more than $50,000. Forty-two percent will offer less than $30,000.

When asked to identify the biggest mistakes recent college graduates make during the application and interview process, employers cited the following:

-- Acting bored or cocky (69 percent) -- Not dressing appropriately (65 percent) -- Coming to the interview with no knowledge of the company (59 percent) -- Not turning off cell phones or electronic devices (57 percent) -- Not asking good questions during the interview (50 percent) -- Asking what the pay is before the company considered them for the job (39 percent) -- Spamming employers with the same resume and/or cover letter (23 percent) -- Failure to remove unprofessional photos/content from social networking pages, Web pages, blogs, etc (20 percent)

While the majority of employers (62 percent) do not have a minimum GPA requirement for recruiting recent college graduates, three-in-ten (31 percent) require a 3.0 and above and one-in-ten (11 percent) require a 3.5 and above.

Rasmussen recommends the following tips to help recent college graduates make the most of their job search efforts:

-- Customize your communications. Employers can spot spam a mile away. Research the company's products, press releases, financial growth, company culture, etc and tailor your communications to their specific needs. -- Get involved. Internships and part-time jobs aren't the only ways to build your resume. Eighty-one percent of employers say volunteer work qualifies as relevant experience. Twenty-eight percent of employers consider managing activities for sororities or fraternities as relevant experience while 19 percent say involvement in sports activities also qualifies. -- Leverage the Internet. You can apply to a wide range of job opportunities at CBCampus.com, a job site tailor-made for college students and alumni. CBresume.com offers a free resume critique and can put you in touch with a professional resume writer to make your application more marketable. -- Clean up digital dirt. Scrub social networking pages, blogs, Web sites, etc to ensure you convey a professional image to employers who may be using these sites for candidate research. In addition, make sure to change your voicemail message if needed and use a professional email address. Employers are less likely to hire someone at partyanimal @gmail.com. -- Be respectful of the employer's time. Show up on time, dress conservatively, turn off your cell phone and let them know that you're really interested in the job. Survey Methodology

This survey was conducted online within the U.S. by Harris Interactive on behalf of CareerBuilder.com among 3,147 hiring managers and human resource professionals (employed full-time; not self-employed; with at least significant involvement in hiring decisions) ages 18 and over between February 11, and March 13, 2008, respectively (percentages for some questions are based on a subset U.S. Employers, based on their responses to certain questions). With a pure probability sample of 3,147, one could say with a 95 percent probability that the overall results have a sampling error of +/- 1.75 percentage points and, respectively. Sampling error for data from sub-samples is higher and varies. A full methodology is available upon request.

About CareerBuilder.com

CareerBuilder.com is the nation's largest online job site with more than 23 million unique visitors and over 1.6 million jobs. Owned by Gannett Co., Inc. , Tribune Company, The McClatchy Company and Microsoft Corp. , the company offers a vast online and print network to help job seekers connect with employers. CareerBuilder.com powers the career centers for more than 1,600 partners, including 140 newspapers and leading portals such as America Online and MSN. More than 300,000 employers take advantage of CareerBuilder.com's easy job postings, 26 million-plus resumes, Diversity Channel and more. CareerBuilder.com and its subsidiaries operate in the U.S., Europe, Canada and Asia. For more information, visit http://www.careerbuilder.com/.

Media Contact Jennifer Grasz 773-527-1164 Jennifer.Grasz@careerbuilder.com

CareerBuilder.com

CONTACT: Jennifer Grasz of CareerBuilder.com, +1-773-527-1164,
Jennifer.Grasz@careerbuilder.com

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

Serco Usability Services Most Experienced European Usability Vendor

LONDON, April 16 /PRNewswire/ -- Serco Usability Services has been named the most experience European Usability vendor by Forrester in their report titled "Where to Find Help with Usability Testing in Europe". The London based usability agency was among 38 European agencies reviewed by Forester researchers.

The report underlines the importance of incorporating usability testing into long-term customer experience strategy, but also draws attention to the range of other user experience services available to clients.

Owen Daly-Jones, Director of Serco Usability Services, says:

"We're proud to be recognised by Forrester as the most experienced usability agency in Europe. This is testament to our team's excellent track record over more than 3 decades in the business, and our commitment to leading developments in the usability industry. The report underlines the importance of considering usability on a global, rather than local, scale - something that we acknowledged in co-founding a formal international alliance in 2005."

Serco's UXalliance partners, SirValUse Consulting, Axance and Xperience Consulting, also featured in the report. The UXalliance was founded in 2005 by the leading usability companies across Europe, Asia and the US in order to provide effective user experience services to global clients. Since it's formation the UXalliance has conducted 100s of studies worldwide, manages over 40 studios and has access to over 220 usability professionals worldwide.

About Serco Usability Services

Serco Usability Services is the UK's most established user experience company. Our consultants work with clients to improve their user experience across one or many diverse platforms, including web, ITV, mobile, games consoles and consumer appliances. We have worked alongside world class international organisations such as Dell, Lexis Nexis, Microsoft and Orange. Serco Usability Services is a subsidiary of Serco Group (http://www.serco.com), a FTSE 250 company, and is also a co-founder of the UXalliance. http://www.serco.com/usability.

About the UXalliance

The UXalliance is the international network for user experience. Founded in 2005 by the leading usability companies in Europe, the US and Asia, who had worked together on international projects for many years and were ideally placed to lead international user experience research. The UXalliance has over 220 professionals worldwide, manages over 40 testing facilities and has experience across all technologies and sectors. http://www.uxalliance.com.

Please visit www.serco.com/usability for more information, or contact: Gemma Wisdom, Marketing Manager +44(0)20-7421-6499

Serco Usability Services

For more information, or contact: Gemma Wisdom, Marketing Manager, +44(0)20-7421-6499, gemma.wisdom@serco.com

First Quarter 2008 Webcast Conference Call

SMIC SHANGHAI, China, April 16 /Xinhua-PRNewswire/ -- Please join SMIC's: -- Dr. Richard Chang, Chief Executive Officer and President -- Morning Wu, Acting Chief Financial Officer -- Theresa Teng, Head of Finance and Investor Relations

as they announce the company's first quarter results and take questions from investors on Wednesday, April 30, 2008.

The first quarter 2008 results will also be released and available at http://www.smics.com/ before the start of trading on the Stock Exchange of Hong Kong on Wednesday, April 30, 2008.

CONFERENCE CALL / WEBCAST ANNOUNCEMENT DETAILS DATE: Wednesday, April 30, 2008 TIME: 8:30 A.M. (Shanghai and Hong Kong) 8:30 P.M. (New York *please note that because this call is live, it will be taking place on Tuesday, April 29th, 2008 EST) WEBCAST:

The call will be webcast live with audio at http://www.smics.com/ under the ''Investor Relations'' section.

DIAL-IN:

For those without internet access, you may participate in the conference call by dialing the following numbers:

US 1-617-597-5342 (Passcode: SMIC) HK 852-3002-1672 (Passcode: SMIC) REPLAY:

The live audio webcast will be archived for replay at http://www.smics.com/ , along with a soft copy of our news release, for a period of 12 months following the webcast.

For more information, please contact: Theresa Teng Head of Finance and Investor Relations Tel: +86-21-5080-2000 x16278 Email: Theresa_Teng@smics.com Phyllis Liu Investor Relations Tel: +86-21-5080-2000 x12315 Email: Phyllis_Liu@smics.com Anne Wong Chen Investor Relations Tel: +86-21-5080-2000 x12804 Email: Anne_CAYW@smics.com

Semiconductor Manufacturing International Corporation

CONTACT: Theresa Teng, Head of Finance and Investor Relations, +86-21-
5080-2000 x16278, or Theresa_Teng@smics.com; Phyllis Liu of Investor Relations,
+86-21-5080-2000 x12315, or Phyllis_Liu@smics.com; Anne Wong Chen of Investor
Relations, +86-21-5080-2000 x12804, or Anne_CAYW@smics.com

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

Mobile TeleSystems: Decisions of the Board of Directors

MOSCOW, Russian Federation, April 16 /PRNewswire-FirstCall/ -- Mobile TeleSystems OJSC , the largest mobile phone operator in Russia and the CIS, announced the decisions reached at the Board of Directors meeting held on April 14, 2008.

At the meeting, MTS' Board of Directors (BoD) set the date for the annual general meeting of shareholders (AGM) for June 27, 2008. The record date for the Company's share- and ADR-holders entitled to participate in the AGM and to receive dividends for 2007(1) has been set for May 8, 2008.

A total of eight candidates have been nominated for election to the BoD:

- Mr. Anton Abugov, First Vice-President, Head of Strategy and Development, Sistema;

- Mr. Alexey Buyanov, Senior Vice President, Head of Financial Group, Sistema;

- Mr. Sergei Drozdov, Senior Vice President, Head of the Property Group, Sistema;

- Ms. Tatiana Evtushenkova, Advisor to the President of MTS; - Mr. Mohanbir Gyani, independent candidate; - Mr. Leonid Melamed, President and CEO of MTS; - Mr. Paul Ostling, independent candidate;

- Mr. Vitaliy Savelyev, First Vice President, Head of telecommunications asset management division, Sistema.

Other issues entered into the AGM agenda by MTS' BoD include: - Reorganization and approval of a merger of BashCell and MSS into MTS; - The approval of the Russian version of the Company's 2007 annual report; - Approval of the Company's financial statements for the year 2007; - Approval of dividend amount for the year 2007; - Election of members to the Company's Auditing commission; - Approval of the Company's Auditor; and - Approval of the Statute on compensation of members of the Company's BoD.

Mobile TeleSystems OJSC ("MTS") is the largest mobile phone operator in Russia and the CIS. Together with its subsidiaries, the Company services over 83.88 million subscribers. The regions of Russia, as well as Armenia, Belarus, Turkmenistan, Ukraine, and Uzbekistan, in which MTS and its associates and subsidiaries are licensed to provide GSM services, have a total population of more than 230 million. Since June 2000, MTS' Level 3 ADRs have been listed on the New York Stock Exchange (ticker symbol MBT). Additional information about MTS can be found on MTS' website at http://www1.mtsgsm.com/.

Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of MTS, as defined in the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify forward looking statements by terms such as "expect," "believe," "anticipate," "estimate," "intend," "will," "could," "may" or "might," and the negative of such terms or other similar expressions. We wish to caution you that these statements are only predictions and that actual events or results may differ materially. We do not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. We refer you to the documents MTS files from time to time with the U.S. Securities and Exchange Commission, specifically the Company's most recent Form 20-F. These documents contain and identify important factors, including those contained in the section captioned "Risk Factors" that could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, potential fluctuations in quarterly results, our competitive environment, dependence on new service development and tariff structures, rapid technological and market change, acquisition strategy, risks associated with telecommunications infrastructure, risks associated with operating in Russia and the CIS, volatility of stock price, financial risk management and future growth subject to risks.

(1) MTS' BoD will decide on the recommended size of dividends for full year 2007 for approval by the AGM at its meeting in May.

For further information, please contact: Mobile TeleSystems, Moscow Investor Relations Tel: +7-495-223-2025 E-mail: ir@mts.ru

MTS Mobile TeleSystems

CONTACT: For further information, please contact: Mobile TeleSystems,
Moscow Investor Relations, Tel: +7-495-223-2025, E-mail: ir@mts.ru

Shanda Partners with Zapak to Bring Crazy Kart into Indian Market

SHANGHAI, China, April 16 /Xinhua-PRNewswire/ -- Shanda Interactive Entertainment Limited , or Shanda, a leading interactive entertainment media company in China, announced today that it has granted an exclusive right to Zapak Digital Entertainment Ltd, or Zapak, for operation of Shanda's in-house developed online racing game Crazy Kart in India. Zapak is India's leading full-service gaming company under Reliance Entertainment, which is a subsidiary of Reliance ADA Group, one of India's three largest privately held companies. Crazy Kart is currently under closed-beta testing in India and is expected to enter commercial operation in the second quarter of 2008.

Crazy Kart is one of the most successful sports games in China and was recognized as the No. 1 Casual Game for Teenagers by Ministry of Culture in 2008. Crazy Kart's cartoon-themed design style and competitive multiplayer game modes have made it a hit among users and earned it praise nationwide. Following previous overseas licensing agreements for Crazy Kart in Hong Kong, Thailand and Vietnam, Shanda's latest cooperation with Zapak marks the Company's entry into the Indian market.

''We are very excited to work with Zapak, India's top game company, in bringing our high-quality Crazy Kart to Indian users. This marks another important milestone since we initiated our efforts to explore overseas opportunities last year,'' said Mr. Qunzhao Tan, President and CTO of Shanda. ''Our partnership signifies an alliance between the two leading game companies in China and India, and we are very optimistic about a long-term collaboration going forward.''

''We are proud to partner with Shanda, China's largest online game company, to create significant inroads in the online game space in India. We believe that based on Shanda's strength in development and Zapak's leading position in the Indian market, Crazy Kart will record great success in the future,'' said Rajesh Sawhney, President of Reliance Entertainment. ''In Zapak's strategy, the cooperation on Crazy Kart is just the first step of the two parties' long-term strategic partnership. We look forward to a close relationship with Shanda to bring more entertainment content to the Indian market in the future.''

About Shanda Interactive Entertainment Limited

Shanda Interactive Entertainment Limited is a leading interactive entertainment media company in China. Shanda offers a portfolio of diversified entertainment content including some of the most popular massively multi-player online role-playing games (MMORPGs) and casual online games in China, as well as online chess and board games, network PC games and a variety of cartoons, literature works and music. Shanda's interactive entertainment platform attracts a large and loyal user base. Each user can interact with thousands of other users and enjoy the interactive entertainment content that Shanda provides. Interaction enriches your life. For more information about Shanda, please visit http://www.snda.com/ .

About Zapak Digital Entertainment Ltd.

Zapak Digital Entertainment Ltd., part of Reliance Entertainment -- a Reliance ADA Group company, is the only gaming company in India to create a complete value chain for Online Gaming thereby revolutionizing the gaming space. With currently over 4 million registered gamers, Zapak has created the largest database for Casual Gaming in the country. In its endeavor to complete the value chain, Zapak has launched Zapak Gameplexes, with world-class ambience to provide better enabled access points (gaming cafes) to gamers. There are currently 21 Gameplexes across India, with plans to increase the number to 500 by the end of 2008. Zapak Cards have also been introduced, which serve as a micro payment option, allowing gamers to purchase games online. Zapak will soon launch MMOGs to complete the value chain.

About Reliance Entertainment and Reliance ADA Group

Reliance Entertainment is the umbrella entertainment company of Reliance ADA Group now valued at $3 billion. The Reliance ADA Group is among India's top three private sector business houses, with a market capitalization of over US$ 50 billion, net worth to the tune of US$ 10 billion. The group has a customer base of over 100 million, the largest in India and a shareholder base of over 8 million, among the largest in the world. Through its products and services, the Reliance -- ADA Group touches the life of 1 in 10 Indians every single day.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements in this announcement that are not historical facts, including but not limited to the statements regarding the commercial launch of Crazy Kart in India and future appeal of Crazy Kart to users in India, represent only the Company's current expectations, assumptions, estimates and projections and are forward-looking statements. These forward-looking statements involve various risks and uncertainties. Important risks and uncertainties that could cause the Company's actual results to be materially different from expectations include but are not limited to that the commercial date of Crazy Kart in India is delayed, Crazy Kart is not well received by users in India and the risks set forth in the Company's filings with the U.S. Securities and Exchange Commission, including the Company's annual report on Form 20-F. The Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For more information, please contact: Maggie Yun Zhou Investor Relations Manager Shanda Interactive Entertainment Limited Tel: +86-21-5050-4740 (Shanghai) Email: IR@shanda.com.cn Zapak Digital Entertainment Ltd. Jyotika Ahuja General Manager - Pubic Relations Tel: +91-93236-22379 Email: jyotika.ahuja@zapak-corp.com

Shanda Interactive Entertainment Limited

CONTACT: Maggie Yun Zhou, Investor Relations Manager of Shanda
Interactive Entertainment Limited, +86-21-5050-4740 (Shanghai),
IR@shanda.com.cn; Jyotika Ahuja, General Manager, Pubic Relations of Zapak
Digital Entertainment Ltd., +91-93236-22379, or jyotika.ahuja@zapak-corp.com

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

VASCO to Release Q1 2008 Results on Thursday, April 24 - Dial-In Information

OAKBROOK TERRACE, Ill. and ZURICH, Switzerland, April 16 /PRNewswire-FirstCall/ -- VASCO Data Security International Inc. (http://www.vasco.com/), a leading software security company specializing in strong authentication products, announced today that it will release its Q1 2008 results on Thursday, April 24.

On April 24, at 10.00 am EDT/16.00 CET, VASCO will hold a conference call, which will be streamed on the VASCO website (http://www.vasco.com/).

The dial-in telephone numbers for the conference call are: Participant Dial-in US/Canada: 888-562-3356 Participant Dial-in International: +1 973-582-2700

Mr. T. Kendall Hunt, Chairman and CEO, Mr. Jan Valcke, President and COO and Mr. Cliff Bown, Executive Vice President and CFO of VASCO, will be available on April 24 to answer analyst, investor and media questions.

About VASCO: VASCO is a leading supplier of strong authentication and e-signature solutions and services specializing in Internet Security applications and transactions. VASCO has positioned itself as a global software company for Internet Security serving a customer base of close to 6,500 companies in more than 100 countries, including approximately 1000 international financial institutions. VASCO's prime markets are the financial sector, enterprise security, e-commerce and e-government.

Forward Looking Statements

Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement containing words such as "believes," "anticipates," "plans," "expects," and similar words, is forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements.

Reference is made to the Company's public filings with the US Securities and Exchange Commission for further information regarding the Company and its operations.

For more information contact:

Jochem Binst, +32 2609 97 00, jbinst@vasco.com

VASCO Data Security International Inc.

CONTACT: Jochem Binst of VASCO Data Security International Inc.,
+32 2609 97 00, jbinst@vasco.com

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

TSMC Announces Power Trim Service for Advanced Chip Leakage Power ReductionExclusively-licensed technology from Blaze DFM, Inc. enables design-specific leakage power reduction offering

HSIN-CHU, Taiwan, R.O.C., April 16 /PRNewswire-FirstCall/ -- Taiwan Semiconductor Manufacturing Company, Ltd. today announced that it has signed an exclusive agreement with Blaze DFM, Inc. to offer Power Trim Service, a new service offering combining a patented Blaze power optimization technology with special variations of TSMC's advanced manufacturing process.

Under the terms of the agreement, TSMC will make available to its customers the Power Trim Service which provides significant leakage power reduction while maintaining chip performance and area. In addition to delivering substantial reductions in leakage power above and beyond existing techniques already employed in the chip, the Power Trim Service also significantly reduces leakage power variability, a critical power issue to overcome in next generation system-on-chip (SoC) designs.

Meshing Designers' Intent with Chip Manufacturing

The Power Trim Service is the first offering of its kind that blends a layer of design technology software with advanced semiconductor processing to tune the manufacturing process to the specific chip design. The Power Trim Service uses software developed by Blaze DFM that identify paths in the design that have sufficient timing "slack" and optimizes transistors along these paths without reducing the performance of the chip. The output of the software is a marker layer that identifies transistors for special handling during TSMC's Optical Proximity Correction (OPC) process. The result of this special handling is to produce slightly slower transistors with significantly less leakage. While the leakage power reduction from adjusting an individual transistor is relatively small, when accumulated over the tens or hundreds of millions of transistors in a chip, the overall reduction is significant. This fine-grained optimization process results in substantially lower leakage power consumption for the entire design.

The Power Trim Service is fully compatible with, and may be used in conjunction with, all other leakage reduction techniques such as multi-Vt cell libraries, reverse body biasing, header/footer sleep switches, and voltage islands. It provides additional leakage improvements over and above what can be achieved with these other techniques.

The Power Trim Service does not require any major changes to the customer's existing design flow, design signoff, or hand-off to manufacturing. It does not require any existing design tools to be replaced, and does not require any changes to the chip architecture, cell libraries, intellectual property blocks, logic design, or physical layout.

Advantages of Power Trim Service

TSMC has validated the power saving benefits of Power Trim Service on internal and customer designs. The Power Trim Service has been proven to deliver sizable reductions in average leakage power and significant impact on

leakage variability on cell-based digital design. The corresponding increase in parametric yield can mean substantial cost savings.

Two of the top five fabless semiconductor companies have already fabricated chips with this process option at TSMC and others are being added selectively during a phased rollout of the technology.

"Power leakage has long been an issue for IC designs, especially in the smaller geometries," said Fu-Chieh Hsu, vice president of Design & Technology Platform at TSMC. "With the Blaze DFM technology, we now have a tool that discovers areas for optimization that was not previously possible. This means we can provide customers with the ability to minimize power leakage problems, thereby saving their time and money to meet the market demand."

"TSMC has produced exciting results for our mutual customers during the silicon validation process," said Jacob Jacobsson, CEO of Blaze DFM, Inc. "Now customers can have easy access to our patented technology directly from TSMC as part of TSMC's Power Trim Service. This is just the first of several technologies that Blaze intends to bring to the market by leveraging our unique position at the design to manufacturing handoff and our partnership with TSMC."

Availability

The Power Trim Option is available directly and exclusively from TSMC for TSMC advanced process technologies including 90nm, 80nm, 65nm, 55nm, and 45nm process nodes and for select TSMC customers during the initial introductory period. Customers will not be required to separately purchase or license any software from Blaze. Blaze technology is exclusively embedded in the Power Trim Service offering. Interested customers should contact their TSMC sales representative for more information.

Financial terms of the agreement between TSMC and Blaze were not disclosed.

About Blaze DFM

Blaze DFM provides software solutions to fabless semiconductor companies, integrated device manufacturers, and silicon foundries. Blaze products give IC designers greater control over manufacturing variability, improving yield and shortening time to volume production. Blaze DFM, Inc., 1275 Orleans Drive, Sunnyvale, CA 94089, 408.470.4900, http://www.blaze-dfm.com/

About TSMC

TSMC is the world's largest dedicated semiconductor foundry, providing the industry's leading process technology and the foundry industry's largest portfolio of process-proven libraries, IP, design tools and reference flows. The Company's total managed capacity in 2007 exceeded eight million (8-inch equivalent) wafers, including capacity from two advanced 12-inch Gigafabs, four eight-inch fabs, one six-inch fab, as well as TSMC's wholly owned subsidiaries, WaferTech and TSMC (Shanghai), and its joint venture fab, SSMC. TSMC is the first foundry to provide 40nm production capabilities. Its corporate headquarters are in Hsinchu, Taiwan. For more information about TSMC please see http://www.tsmc.com/.

Taiwan Semiconductor Manufacturing Company, Ltd.

CONTACT: Chuck Byers of TSMC North America, +1-408-382-7919, or JH
Tzeng, Corporate Public Relations of TSMC, +886-3-666-5028

Web site: http://www.tsmc.com/
http://www.blaze-dfm.com/

012 Smile.Communications Reports That its Experimental License to Conduct Fixed & Mobile WiMAX Technology Trials Has Been Extended

PETACH TIKVA, Israel, April 16 /PRNewswire-FirstCall/ -- 012 Smile.Communications (NASDAQ Global market and TASE:SMLC), a growth-oriented provider of communication services in Israel, today announced that its experimental license to conduct WiMAX technology trials in Sderot and a high tech business center in the Tel Aviv area has been extended by the Ministry of Communications. With respect to the Sderot area - the license was extended until April 7, 2009 and with respect to the Tel Aviv area - the license was extended until September 18, 2009.

In March 2007, 012 Smile.Communications was awarded the first technology experimental license to conduct fixed WiMAX trials in several locations in Israel, including the largest high-tech business center in the Tel Aviv area. The license was later amended to also include mobile WiMAX trials in Sderot area.

WiMAX technology has the capacity to support value-added applications, including live video broadcasting, high-speed data, high quality voice and multimedia content to a wide coverage area. 012 Smile.Communications expects that a WiMAX network will create new communication paths into homes or offices as well as provide a broadband connection any time and anywhere in our coverage area. This will also provide support for wireless transmissions for future mobility applications as well as devices offering VoIP in conjunction with WiFi technology, and providing last-mile wireless broadband access as an alternative to cable and ADSL service.

About 012 Smile.Communications

012 Smile.Communications is a growth-oriented communication services provider in Israel with a leading market position, offering a wide range of broadband and traditional voice services. Its broadband services include broadband Internet access with a suite of value-added services, specialized data services and server hosting, as well as new innovative services such as local telephony via voice over broadband and a WiFi network of hotspots across Israel. Traditional voice services include outgoing and incoming international telephony, hubbing, roaming and signaling and calling card services. 012 Smile.Communications services residential and business customers, as well as Israeli cellular operators and international communication services providers through its integrated multipurpose network, which allows it to provide services to almost all of the homes and businesses in Israel.

012 Smile is a 72.4 % owned subsidiary of Internet Gold Golden Lines Ltd. one of Israel's leading communications groups with a major presence across all Internet-related sectors. In addition to 012 Smile, its 100% owned Smile.Media subsidiary manages a growing portfolio of Internet portals and e-Commerce sites. Internet Gold and 012 Smile are part of the Eurocom Communications Group. 012 Smile's shares trade on the NASDAQ Global Market and on the Tel Aviv Stock Exchange.

For additional information about 012 Smile.Communications Ltd., please visit the Company's investors' site at http://www.012.net/.

Forward-Looking Statements

This press release contains forward-looking statements that are subject to risks and uncertainties. Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, general business conditions in the industry, changes in the regulatory and legal compliance environments, the failure to manage growth and other risks detailed from time to time in 012 Smile.Communications' filings with the Securities Exchange Commission. These documents contain and identify other important factors that could cause actual results to differ materially from those contained in our projections or forward-looking statements. Stockholders and other readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. We undertake no obligation to update publicly or revise any forward-looking statement.

For further information, please contact: Ms. Idit Azulay 012 Smile.Communications Ltd +972-72-2003848 i.azulay@smile.net.il

012 Smile.Communications

CONTACT: For further information, please contact: Ms. Idit Azulay, 012
Smile.Communications Ltd, +972-72-2003848, i.azulay@smile.net.il

ILOG Named a Resounding Leader in Business Rules Platform Evaluation by Leading Independent IT Research FirmNew Research Report Showcases ILOG as a Leader in All Categories Where Evaluated; Sole Leader in Business Rules Platforms for .NET Developers

SUNNYVALE, Calif., April 16 /PRNewswire-FirstCall/ -- ILOG(R) today announced that it has been named a market leader in the April 2008 report "The Forrester Wave(TM): Business Rules Platforms, Q2 2008" in all categories where ILOG products were evaluated. ILOG was named the sole leader in the category for .NET developers, and was named a "resounding" leader in general-purpose business rule platforms. ILOG was also named a leader in business rules platforms for Java developers and in business rules platforms for Business Analysts. The report also identified business rules platforms as a key enabling technology for Dynamic Business Applications because they enable applications to be built for change.

The report stated, "With an installed base of 984 customers and 4,542 licenses sold, ILOG has the most market penetration of any of the vendors evaluated. ILOG offers both JRules(R) and Rules(TM) for .NET(R) and has a strong and comprehensive road map." Based on Forrester's research, ILOG has more than two times the number of customers as compared to any other business rules management systems (BRMS) vendor listed in the report.

"The Forrester Wave(TM): Business Rules Platforms, Q2 2008" presents results of a comprehensive evaluation of 11 top vendors. ILOG was among the select companies that Forrester invited to participate in this report. Vendors were assessed by evaluating 175 criteria points against five categories. The five categories are General Purpose Platforms which evaluate the broadest feature sets, Specialized Platform Vendors, Business Rules Platforms for Java Developers, Business Rules Platforms for .NET Developers and Business Rules Platforms for Business Analysts.

ILOG JRules was named as a leader of General Purpose Platforms based on its broad offering of developer and business analyst tools; rules life-cycle management; and deployment, administration and management features. ILOG JRules was also identified as a leader for Business Rules Platforms for Java Developers and Business Rules Platforms for Business Analysts, receiving the highest strategy score in the Java Developers evaluation. ILOG Rules for .NET was the sole leader named for Business Rules Platforms for .NET Developers. The report further states that ILOG has "strong support among systems integrators" and "the largest following of Independent Software Vendors (ISVs)."

ILOG has consistently built on its history of product innovation to make it one of the industry's leading providers of business rules management system software. Customers of ILOG's award-winning BRMS products include eBay, Equifax, Grupo Santander, Visa, Vodafone, Zurich, and many other leading Global 2000 companies and governments worldwide. ILOG's business rules management system (BRMS) product line includes ILOG JRules, ILOG Rules for .NET(R), ILOG Rules for COBOL(TM), and ILOG Rules (C++)(R). To learn more about BRMS please visit http://www.ilog.com/brms.

About ILOG

ILOG delivers software and services that empower customers to make better decisions faster and manage change and complexity. Over 3,000 corporations and more than 465 leading software vendors rely on ILOG's market-leading business rule management system (BRMS), supply chain planning and scheduling applications and optimization and visualization software components, to achieve dramatic returns on investment, create market-defining products and services, and sharpen their competitive edge. ILOG was founded in 1987 and employs more than 860 people worldwide. For more information, please visit http://www.ilog.com/.

ILOG, ILOG JRules and ILOG Rules for .NET are registered trademarks of ILOG S.A. and ILOG, Inc. All other company and product names are trademarks of their respective owners.

ILOG

CONTACT: Monika Raj of ILOG, +1-408-991-7128, mraj@ilog.com

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

Leading Travel Management Company Selects FLO as Preferred Provider of Registered Traveler ServicesPartnership brings door-to-door benefits to Garber | FCm Travel Solutions customer base

CHANTILLY, Va., April 16 /PRNewswire-FirstCall/ -- FLO Corporation (BULLETIN BOARD: FLRP) , a top Registered Traveler (RT) services provider, today announced a strategic alliance with Garber | FCm Travel Solutions. Garber, the ninth largest travel management company in the U.S. is offering FLO as the preferred provider of RT services to its clients. This agreement will drive even broader market adoption of FLO's benefits-driven solution and build on an extremely active period in RT enrollment in airports and corporations across the country.

"We're excited to offer a new service that so nicely complements our own approach to exceptional service for our clients," said Roz Garber, President and CEO of Garber | FCm Travel Solutions. "As we expand our global capabilities and reach, the full value of Garber's offering to clients is not limited to the day of travel. We view our work as a 24/7 proposition. FLO's RT model supports this philosophy by providing convenience and value-added benefits that make moving through the aviation system more efficient and productive."

FLO memberships, via its partnership with Unisys, are designed to be both secure and interoperable with all RT authentication stations deployed by TSA-approved service providers. Travelers who enroll with FLO will be able to use FLO cards at any of the 17 airports currently participating in the RT program.

"The best travel management companies are those advocating for change and innovation in the travel industry based on customer demand," said Donna Gutierrez, Vice President Corporate Sales, FLO Corporation. "Right now there is a groundswell of support for the implementation of RT and growing participation in the service. Recognizing that saving time in security lines is only part of the equation, leaders in the industry like Garber | FCm are partnering with FLO for RT because our open platform also supports a robust menu of travel and non-travel related benefits."

About FLO

FLO Corporation provides a comprehensive solution for the Registered Traveler program that is built on world-class, scalable technology and administered by the U.S. Transportation Security Administration. The Registered Traveler program is designed to identify air passengers who pose a minimal security risk and then to provide those passengers with access to faster and simpler processing at airport security checkpoints. FLO Corporation has formed the "FLO Alliance" -- strategic relationships with several companies with extensive expertise in credentialing, security, access control, customer service, travel services, political lobbying and corporate and consumer marketing -- designed to develop, market, sell and deploy an end-to-end solution and to provide next-generation RT 2.0 membership benefits to qualified individuals for expedited security screening in designated lanes at participating airports in addition to receiving promotional offers and discounts offered by retail partners. The FLO Alliance partnership consists of FLO Corporation, Microsoft, JPMorgan Chase, Unisys Corporation, Smiths Detection Inc., International RAM and ID Technology Partners. For more information about the FLO program and Alliance visit http://www.flocard.com/.

About Garber | FCm Travel Solutions

Garber | FCm Travel Solutions (http://www.garber.fcm.travel/) operates wholly-owned locations throughout the United States, Canada and the United Kingdom, employing more than 300 travel specialists who provide corporate, leisure and meeting services. Garber | FCm celebrated its 60th Anniversary in 2006. Since its founding, the company has grown into one of the top 10 US travel management companies and is ranked as one of the top five women-led businesses in Massachusetts. Through a joint venture with FCm Travel Solutions, the fifth largest travel management company worldwide, global services are available in over sixty countries.

NOTE REGARDING FORWARD-LOOKING STATEMENTS

This release contains information about our management's view of our future expectations, plans and prospects that constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors. For example, our business will depend on our ability to establish and maintain strategic relationships with travel services, technology, and other companies. If we are unable to establish and maintain such relationships or if current relationships were to weaken, our actual results may differ materially from those indicated by the statements made in this release and our business could suffer. Other factors that could cause actual results to differ materially from historical results or those indicated by the statements in this release include, but are not limited to, risks and uncertainties associated with our financial condition, our planned acquisition of Unisys' rtGO(sm) Registered Traveler business, and our efforts to meet the TSA's requirements to offer Registered Traveler services to sponsoring entities as well as those included in our registration statement on Form 10-SB filed with the Securities and Exchange Commission on November 28, 2007, and other documents we periodically file with the Securities and Exchange Commission.

NOTE REGARDING TRADEMARKS

"FLO" is a trademark of FLO Corporation. The names of actual companies mentioned herein may be the trademarks of their respective owners.

Media Contact:

Amanda Cheslock - Sloane & Company - 212.446.1884 or acheslock@sloanepr.com

Roz Garber - Garber | FCm Travel Solutions - 617-739-2200 or roz.garber@garber.fcm.travel

Investor Contact:

Josh Hochberg - Sloane & Company - 212.446.1892 or jhochberg@sloanepr.com

FLO Corporation

CONTACT: Media, Amanda Cheslock of Sloane & Company, +1-212-446-1884,
acheslock@sloanepr.com for FLO Corporation; Roz Garber of Garber | FCm Travel
Solutions, +1-617-739-2200, roz.garber@garber.fcm.travel; Investors, Josh
Hochberg of Sloane & Company, +1-212-446-1892, jhochberg@sloanepr.com, for FLO
Corporation

Web site: http://www.flocard.com/
http://www.garber.fcm.travel/

Aditya Birla Minacs Selects Verizon Business to Improve and Manage Global CommunicationsVerizon Private IP Enhances Network Management and Improves Cost Efficiencies

MUMBAI, India, April 15 /PRNewswire/ -- Aditya Birla Minacs, a leading provider of business process outsourcing services, has selected Verizon Business to upgrade its global communications network to enhance management capabilities and achieve greater cost efficiencies. The company has implemented a fully managed Verizon Private IP solution to link its Indian headquarters with operations in Canada, Germany, Hungary, the Philippines, the United Kingdom and the United States.

Part of the US$24 billion Aditya Birla group, Aditya Birla Minacs has 12,000 employees across 28 locations in seven countries. The company is expanding rapidly, having opened up nine new sites since it was formed in 2006 from the merger of Canadian-based Minacs and Mumbai-based TransWorks. Reliable and flexible connectivity to support Aditya Birla Minacs' ongoing growth is therefore paramount to enable the new company to enhance its position as a leading global business process outsourcing player.

The fully managed Verizon Business Private IP network provides secure, reliable high-bandwidth connectivity across the organisation's key operational sites. Quality of service is supported by Verizon Business' industry-leading service level agreements.

"Our partnership with Verizon Business gives us flexibility to focus on other critical aspects of our company's IT infrastructure that are necessary to support our future growth," said N. Gajapathy, chief information officer, APAC, Aditya Birla Minacs. "With multiple sites around the world, a secure, reliable global platform is absolutely business-critical. Verizon Business is a truly reliable business partner and was able to offer us the experience and expertise to optimize our infrastructure for scalability and growth."

John Samuel, president of Verizon Business India, said, "Aditya Birla Minacs needed a highly reliable communications network and a dependable partner with the experience to support its growth. Verizon Business' expansive global IP network and proven managed services capabilities, coupled with our in-depth understanding of the needs of expanding multinationals, made us the perfect choice to support the company in achieving its global business ambitions."

About Aditya Birla Minacs (formerly TransWorks/Minacs)

Aditya Birla Minacs is a subsidiary of Aditya Birla Nuvo (part of the Aditya Birla Group). The company currently employs over 12,000 employees across 28 facilities in Canada, Germany, Hungary, India, United Kingdom, United States, and the Philippines and provides services in 28 languages. Aditya Birla Minacs delivers superior outsourced solutions to Global 1,000 automotive, financial services, technology, and telecom companies. Aditya Birla Minacs adheres to the highest standards of quality, data security and confidentiality of client information and is certified to the COPC-2000, ISO 9001:2000 and ISO 27001 Standards. For further details visit http://www.minacs.adityabirla.com/.

About Verizon Business

Verizon Business, a unit of Verizon Communications , is a global IP leader and network-based partner for delivering integrated communications and information technology (IT) solutions to large-business and government customers worldwide. Combining unsurpassed reach with managed services, security, mobility, collaboration and professional services capabilities, Verizon Business delivers global solutions that power innovation and enable its customers to do business better. For more information, visit http://www.verizonbusiness.com/.

Verizon Business

CONTACT: Janet Brumfield, +1-614-723-1060,
janet.brumfield@verizonbusiness.com, or Junaidah Dahlan, +65 6248 6827,
junaidah.dahlan@sg.verizonbusiness.com, both of Verizon Business

Web site: http://www.verizon.com/
http://www.minacs.adityabirla.com/

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

GPS Industries Announces 2007 Financial and Operating Results.

VANCOUVER, British Columbia, April 16 /PRNewswire/ --

GPS Industries, Inc. (GPSI) (OTC Bulletin Board: GPSN), the only provider of Wi-Fi powered, advertising enhanced GPS systems for golf facilities, resorts and residential communities, today announced its audited Financial and Operating Results for the Year Ended December 31, 2007 and its restated quarters ending March 31, June 30 and September 30, 2007.

Inclusive of its restated quarters, revenues for 2007 increased to US$7.3 million or 11% over 2006 revenues of US$6.6 million. Net operating loss for 2007 was US$11.6 million as compared to US$5.4 million in 2006. Excluding the one time non cash gain on derivative liabilities in 2006, the operating loss improved by US$1.7 million from 2006.

The net loss for 2007 was US$24.1 million after charges for a non-cash deemed preferred stock dividend of US$12.5 million as compared to the net loss of US$17.0 million in 2006 after charges for a non-cash deemed preferred stock dividend of US$11.5 million.

As a result of an in-depth review of certain sales and installation agreements and course installations that occurred in the first three quarters of 2007, the company determined that because of the nature of the recourse obligations on certain leased systems, the commitment to upgrade certain installed systems and commitments of system warranties, it had incorrectly accounted for the related revenues, cost of goods sold, course assets, accrued liabilities and deferred revenues. The Company's financial statements presented in the Annual Report on Form 10-KSB includes these restatements. Although there was no change to the Company's cash flow, overall revenues deferred into future years were US$1.6 million and the impact on net loss was an increase of US$697,000.

(All Amounts in US Dollars unless otherwise noted) 2007 Restatement of Financial Results (amounts in thousands) Increase (decrease) Condensed Income Statements Q1 Q2 Q3 2007 Revenue $(164) $(1,454) $61 $(1,557) Expense $148 $(1,032) $24 $(860) Operating Income $(312) $(422) $37 $(697) Condensed Balance Sheets Assets $- $(217) $996 $779 Liabilities $312 $205 $959 $1,476 Accumulated Deficit $(312) $(422) $37 $(697) 2007 Operating and Financial Highlights and Recent Events - System installations during 2007 increased to 37 18-hole equivalents from 29.5 for 2006, an increase of 30%. - GPSI acquired Direct Golf Services and Golf Academies (GPSI Europe) for total consideration of $1.2 million in cash and common shares to enhance our ability to sell and support the Inforemer product internationally. - GPSI closed the Uplink Asset Purchase Agreement on January 18, 2008 and paid approximately $11.8 million including notes payable of $1.5 million, 142.1 million Common Shares valued at $7.8 million, Series B Preferred Shares with a par value of $1.2 million and 4.9 million common stock warrants at an exercise price of $0.122 per share valued at $0.2 million. With the acquisition GPSI acquired an installed base of over 230 courses, a strong patent portfolio and a dedicated and experienced group of employees. - In November 2007, Robert Silzer Sr., resigned as the CEO and was replaced by Douglas Wood on an interim basis. The Board of Directors engaged the Carl Marks Advisory Group to assist in resizing and restructuring the company to accommodate its current level of operations. Subsequently, Douglas Wood passed away unexpectedly on March 30, 2007. - As part of the restructuring and refocus of the business, GPSI reduced non-core activities and rescinded and terminated the Asset Purchase Agreement related to the acquisition of Golf IT. - GPSI established a new long term debt facility totaling $3.0 million in February 2008 to replace and increase existing revolving credit lines; however, with the unexpected death of Doug Wood, the guarantor of $1.5 million of the loan, GPSI has triggered an event of default on that portion of the loan. Currently, Silicon Valley Bank is forbearing such demand as it negotiates with the estate of Mr. Wood.

"2007 was clearly a difficult year for GPSI. We faced a number of challenges that contributed to the financial performance including an ineffective pricing strategy which ultimately confused the market place, the delay in our new products and the delay in closing the UpLink acquisition which we believe slowed down orders in the 2nd half of 2007. Our job now is to redouble our efforts to deliver the best GPS system in the industry to our customers while focusing on profitable sales that will ultimately bring shareholder value," stated Bart Collins, member of the Board of Directors of GPSI. "GPSI has invested significant amounts in the development of the new HDX Inforemer System that stands well ahead of the competition in terms of technological and advertising capabilities that will satisfy our customers well into the future."

ABOUT GPS INDUSTRIES, INC.

GPS Industries, Inc. (GPSI) develops and markets GPS and Wi-Fi multimedia solutions to enable managers of golf facilities, resorts, and residential communities to improve operational efficiencies and generate new revenue streams. The Company's Inforemer(R) Management Solutions product line provides integrated software applications and a high-resolution 10.4-inch cart mounted "HDX" display panel. The HDX panels vividly illustrate each hole, providing precise distance measurement information, strategic playing tips and targeted advertising messages. The patented system is seamlessly connected via a high-speed Wi-Fi network that enables the entire facility into a wireless hot spot. GPSI in combination with the Uplink Inova product, has in excess of 320 course installations worldwide. For additional information, please visit http://www.gpsindustries.com

Forward-Looking Statements

This news release contains forward-looking statements within the safe harbor provisions of the Private Securities Litigation Report Act of 1995. All statements other than those that are purely historical are forward-looking statements. Words such as "expect," "anticipate," "believe," "estimate," "intend," "plan," "potential" and similar expressions also identify forward-looking statements. Forward-looking statements include statements regarding expected materiality or significance, the quantitative effects thereof, and any anticipated conclusions of the company, the Audit Committee or management.

Because these forward-looking statements involve risks and und uncertainties, there are important factors that could cause our actual results, as well as our expectations regarding materiality or significance, the quantitative effects thereof, the effectiveness of our disclosure controls and procedures, and our deficiencies in internal control over financial reporting to differ materially from those in the forward-looking statements. These factors include the risk that additional information may arise or other subsequent events that would require us to make additional adjustments, as well as inherent limitations in internal controls over financial reporting.

Condensed Consolidated Income Statements (thousands of dollars, except per share amounts) For the Year Ended December 31, 2007 2006 Gross Revenues $7,266 $6,576 Cost of Sales 6,339 4,288 Gross Profit 927 2,288 Operating Expenses 12,707 10,812 Depreciation and Amortization 527 332 Operating Loss (12,307) (8,856) Other Income (Expense) 714 3,415 Net Loss Before Deemed Preferred Stock Dividend $(11,593) $(5,441) Deemed Preferred Stock Dividend (12,500) (11,509) Net Loss $(24,093) $(16,950) Loss per common share - basic and diluted $(0.06) $(0.06) Condensed Consolidated Balance Sheets (thousands of dollars) As at December 31, 2007 2006 Current Assets $7,368 $10,171 Long-term accounts receivable 224 274 Property and equipment, net 1,447 109 Patents 1,054 1,266 Capitalized Production, Implementation and Acquisition Costs 538 116 Goodwill 1,359 - Total Assets $11,990 $11,936 Current Liabilities $11,252 $17,509 Deferred Revenue 1,252 - Stockholders' Deficit (514) (5,573) Total Liabilities and Stockholders's Deficit $11,990 $11,936

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

GPS Industries, Inc.

Joe Miller, Chief Financial Officer of GPS Industries, Inc., +1-604-576-7442, Joe.miller@gpsindustries.com

Aditya Birla Minacs Selects Verizon Business to Improve and Manage Global Communications

MUMBAI, India, April 16 /PRNewswire/ --

- Verizon Private IP Enhances Network Management and Improves Cost Efficiencies

Aditya Birla Minacs, a leading provider of business process outsourcing services, has selected Verizon Business to upgrade its global communications network to enhance management capabilities and achieve greater cost efficiencies. The company has implemented a fully managed Verizon Private IP solution to link its Indian headquarters with operations in Canada, Germany, Hungary, the Philippines, the United Kingdom and the United States.

Part of the US$24 billion Aditya Birla group, Aditya Birla Minacs has 12,000 employees across 28 locations in seven countries. The company is expanding rapidly, having opened up nine new sites since it was formed in 2006 from the merger of Canadian-based Minacs and Mumbai-based TransWorks. Reliable and flexible connectivity to support Aditya Birla Minacs' ongoing growth is therefore paramount to enable the new company to enhance its position as a leading global business process outsourcing player.

The fully managed Verizon Business Private IP network provides secure, reliable high-bandwidth connectivity across the organisation's key operational sites. Quality of service is supported by Verizon Business' industry-leading service level agreements.

"Our partnership with Verizon Business gives us flexibility to focus on other critical aspects of our company's IT infrastructure that are necessary to support our future growth," said N. Gajapathy, chief information officer, APAC, Aditya Birla Minacs. "With multiple sites around the world, a secure, reliable global platform is absolutely business-critical. Verizon Business is a truly reliable business partner and was able to offer us the experience and expertise to optimize our infrastructure for scalability and growth."

John Samuel, president of Verizon Business India, said, "Aditya Birla Minacs needed a highly reliable communications network and a dependable partner with the experience to support its growth. Verizon Business' expansive global IP network and proven managed services capabilities, coupled with our in-depth understanding of the needs of expanding multinationals, made us the perfect choice to support the company in achieving its global business ambitions."

About Aditya Birla Minacs (formerly TransWorks/Minacs)

Aditya Birla Minacs is a subsidiary of Aditya Birla Nuvo (part of the Aditya Birla Group). The company currently employs over 12,000 employees across 28 facilities in Canada, Germany, Hungary, India, United Kingdom, United States, and the Philippines and provides services in 28 languages. Aditya Birla Minacs delivers superior outsourced solutions to Global 1,000 automotive, financial services, technology, and telecom companies. Aditya Birla Minacs adheres to the highest standards of quality, data security and confidentiality of client information and is certified to the COPC-2000, ISO 9001:2000 and ISO 27001 Standards. For further details visit www.minacs.adityabirla.com.

About Verizon Business

Verizon Business, a unit of Verizon Communications (NYSE: VZ), is a global IP leader and network-based partner for delivering integrated communications and information technology (IT) solutions to large-business and government customers worldwide. Combining unsurpassed reach with managed services, security, mobility, collaboration and professional services capabilities, Verizon Business delivers global solutions that power innovation and enable its customers to do business better. For more information, visit www.verizonbusiness.com.

Web site: http://www.verizonbusiness.com http://www.minacs.adityabirla.com

Verizon Business

Junaidah Dahlan of Verizon Business, +65-6248-6827, junaidah.dahlan@sg.verizonbusiness.com ; Company News On-Call: http://www.prnewswire.com/comp/618232.html

GPS Industries Announces 2007 Financial and Operating Results.

VANCOUVER, British Columbia, April 15 /PRNewswire-FirstCall/ -- GPS Industries, Inc. (GPSI) (BULLETIN BOARD: GPSN) , the only provider of Wi-Fi powered, advertising enhanced GPS systems for golf facilities, resorts and residential communities, today announced its audited Financial and Operating Results for the Year Ended December 31, 2007 and its restated quarters ending March 31, June 30 and September 30, 2007.

Inclusive of its restated quarters, revenues for 2007 increased to $7.3 million or 11% over 2006 revenues of $6.6 million. Net operating loss for 2007 was $11.6 million as compared to $5.4 million in 2006. Excluding the one time non cash gain on derivative liabilities in 2006, the operating loss improved by $1.7 million from 2006.

The net loss for 2007 was $24.1 million after charges for a non-cash deemed preferred stock dividend of $12.5 million as compared to the net loss of $17.0 million in 2006 after charges for a non-cash deemed preferred stock dividend of $11.5 million

As a result of an in-depth review of certain sales and installation agreements and course installations that occurred in the first three quarters of 2007, the company determined that because of the nature of the recourse obligations on certain leased systems, the commitment to upgrade certain installed systems and commitments of system warranties, it had incorrectly accounted for the related revenues, cost of goods sold, course assets, accrued liabilities and deferred revenues. The Company's financial statements presented in the Annual Report on Form 10-KSB includes these restatements. Although there was no change to the Company's cash flow, overall revenues deferred into future years were $1.6 million and the impact on net loss was an increase of $697,000.

2007 Restatement of Financial Results (amounts in thousands) Increase (decrease) Condensed Income Statements Q1 Q2 Q3 2007 Revenue $(164) $(1,454) $61 $(1,557) Expense $148 $(1,032) $24 $(860) Operating Income $(312) $(422) $37 $(697) Condensed Balance Sheets Assets $- $(217) $996 $779 Liabilities $312 $205 $959 $1,476 Accumulated Deficit $(312) $(422) $37 $(697) 2007 Operating and Financial Highlights and Recent Events * System installations during 2007 increased to 37 18-hole equivalents from 29.5 for 2006, an increase of 30%. * GPSI acquired Direct Golf Services and Golf Academies (GPSI Europe) for total consideration of $1.2 million in cash and common shares to enhance our ability to sell and support the Inforemer product internationally. * GPSI closed the Uplink Asset Purchase Agreement on January 18, 2008 and paid approximately $11.8 million including notes payable of $1.5 million, 142.1 million Common Shares valued at $7.8 million, Series B Preferred Shares with a par value of $1.2 million and 4.9 million common stock warrants at an exercise price of $0.122 per share valued at $0.2 million. With the acquisition GPSI acquired an installed base of over 230 courses, a strong patent portfolio and a dedicated and experienced group of employees. * In November 2007, Robert Silzer Sr., resigned as the CEO and was replaced by Douglas Wood on an interim basis. The Board of Directors engaged the Carl Marks Advisory Group to assist in resizing and restructuring the company to accommodate its current level of operations. Subsequently, Douglas Wood passed away unexpectedly on March 30, 2007. * As part of the restructuring and refocus of the business, GPSI reduced non-core activities and rescinded and terminated the Asset Purchase Agreement related to the acquisition of Golf IT. * GPSI established a new long term debt facility totaling $3.0 million in February 2008 to replace and increase existing revolving credit lines; however, with the unexpected death of Doug Wood, the guarantor of $1.5 million of the loan, GPSI has triggered an event of default on that portion of the loan. Currently, Silicon Valley Bank is forbearing such demand as it negotiates with the estate of Mr. Wood.

"2007 was clearly a difficult year for GPSI. We faced a number of challenges that contributed to the financial performance including an ineffective pricing strategy which ultimately confused the market place, the delay in our new products and the delay in closing the UpLink acquisition which we believe slowed down orders in the 2nd half of 2007. Our job now is to redouble our efforts to deliver the best GPS system in the industry to our customers while focusing on profitable sales that will ultimately bring shareholder value," stated Bart Collins, member of the Board of Directors of GPSI. "GPSI has invested significant amounts in the development of the new HDX Inforemer System that stands well ahead of the competition in terms of technological and advertising capabilities that will satisfy our customers well into the future."

ABOUT GPS INDUSTRIES, INC.

GPS Industries, Inc. (GPSI) develops and markets GPS and Wi-Fi multimedia solutions to enable managers of golf facilities, resorts, and residential communities to improve operational efficiencies and generate new revenue streams. The Company's Inforemer(R) Management Solutions product line provides integrated software applications and a high-resolution 10.4-inch cart mounted "HDX" display panel. The HDX panels vividly illustrate each hole, providing precise distance measurement information, strategic playing tips and targeted advertising messages. The patented system is seamlessly connected via a high-speed Wi-Fi network that enables the entire facility into a wireless hot spot. GPSI in combination with the Uplink Inova product, has in excess of 320 course installations worldwide. For additional information, please visit http://www.gpsindustries.com/

Forward-Looking Statements

This news release contains forward-looking statements within the safe harbor provisions of the Private Securities Litigation Report Act of 1995. All statements other than those that are purely historical are forward-looking statements. Words such as "expect," "anticipate," "believe," "estimate," "intend," "plan," "potential" and similar expressions also identify forward-looking statements. Forward-looking statements include statements regarding expected materiality or significance, the quantitative effects thereof, and any anticipated conclusions of the company, the Audit Committee or management.

Because these forward-looking statements involve risks and und uncertainties, there are important factors that could cause our actual results, as well as our expectations regarding materiality or significance, the quantitative effects thereof, the effectiveness of our disclosure controls and procedures, and our deficiencies in internal control over financial reporting to differ materially from those in the forward-looking statements. These factors include the risk that additional information may arise or other subsequent events that would require us to make additional adjustments, as well as inherent limitations in internal controls over financial reporting.

Condensed Consolidated Income Statements (thousands of dollars, except per share amounts) For the Year Ended December 31, 2007 2006 Gross Revenues $7,266 $6,576 Cost of Sales 6,339 4,288 Gross Profit 927 2,288 Operating Expenses 12,707 10,812 Depreciation and Amortization 527 332 Operating Loss (12,307) (8,856) Other Income (Expense) 714 3,415 Net Loss Before Deemed Preferred Stock Dividend $(11,593) $(5,441) Deemed Preferred Stock Dividend (12,500) (11,509) Net Loss $(24,093) $(16,950) Loss per common share - basic and diluted $(0.06) $(0.06) Condensed Consolidated Balance Sheets (thousands of dollars) As at December 31, 2007 2006 Current Assets $7,368 $10,171 Long-term accounts receivable 224 274 Property and equipment, net 1,447 109 Patents 1,054 1,266 Capitalized Production, Implementation and Acquisition Costs 538 116 Goodwill 1,359 - Total Assets $11,990 $11,936 Current Liabilities $11,252 $17,509 Deferred Revenue 1,252 - Stockholders' Deficit (514) (5,573) Total Liabilities and Stockholders's Deficit $11,990 $11,936

GPS Industries, Inc.

CONTACT: Joe Miller, Chief Financial Officer of GPS Industries, Inc.,
+1-604-576-7442, Joe.miller@gpsindustries.com

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

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News archive of November 2009
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