Garmin Ltd. Invites You to Listen to Its First Quarter 2008 Conference Call

CAYMAN ISLANDS, April 8, 2008 /PRNewswire-FirstCall/ -- Garmin Ltd. invites shareholders and investors to listen to its first quarter 2008 earnings conference call that will be broadcast over the Internet on Wednesday, April 30, 2008 at 11 a.m. ET, with executives of Garmin. The call will be held in conjunction with the company's earnings release, which will be distributed prior to market open on April 30, 2008.

(Logo: http://www.newscom.com/cgi-bin/prnh/20061026/CGTH082LOGO) What: Garmin Ltd. First Quarter 2008 Earnings Call When: Wednesday, April 30, 2008, at 11:00 a.m. ET Where: http://www.garmin.com/aboutGarmin/invRelations/irCalendar.html How: Simply log on to the Web at the address above, or call to listen in at (800) 891-6383 in the U.S. and Canada, or (706) 643-9558 for international participants; conference ID #42452953. Contact: investor.relations@garmin.com

A phone recording will be available for three business days following the earnings call and can be accessed by dialing (800) 642-1687 or (706) 645-9291 and utilizing the access code #42452953. An archive of the live webcast will be available until May 30, 2008 on the Garmin website at http://www.garmin.com/. To access the replay, click on the Investor Relations link and click over to the Events Calendar page.

The global leader in satellite navigation, Garmin Ltd. and its subsidiaries have designed, manufactured, marketed and sold navigation, communication and information devices and applications since 1989 - most of which are enabled by GPS technology. Garmin's products serve automotive, mobile, wireless, outdoor recreation, marine, aviation, and OEM applications. Garmin Ltd. is incorporated in the Cayman Islands, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. For more information, visit Garmin's virtual pressroom at http://www.garmin.com/pressroom or contact the Media Relations department at 913-397-8200.

Photo: http://www.newscom.com/cgi-bin/prnh/20061026/CGTH082LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Garmin Ltd.

CONTACT: Media Relations of Garmin Ltd., +1-913-397-8200,
investor.relations@garmin.com

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

Perfect World Collaborates with Intel and Haier

-- Reignites the Fire of Chi Bi --

BEIJING, April 30 /Xinhua-PRNewswire/ -- Perfect World Co., Ltd. ("Perfect World" or the "Company"), a leading online game developer and operator in China, today announced that it collaborates with Intel, the world leader in silicon innovation, and Haier Information Technology Co., Ltd. ("Haier"), a famous supplier of computer products on a marketing campaign. As a part of the collaboration, Perfect World's "Chi Bi," the Company's first 3D massively multiplayer online role playing game ("MMORPG") based on Chinese history, the famous Three Kingdoms period, will be the key visual component of the campaign that has been designed to show off Haier's latest Runyan Rui Zhi T68 notebook computers and Spark Light Runyan personal computers featuring the latest Intel(R) Centrino(R) processor technology with the 45 nm Intel(R) Core(TM) 2 Duo processor, which will bring superior experience to online game players.

In January 2008, Intel released the latest Intel(R) Centrino(R) Processor Technology featuring Intel(R) Core(TM)2 Duo processor, providing the core technology for Haier's and other famous computer products suppliers' computers. "Chi Bi" plays an important role in the marketing campaign due to its visually stunning and high quality aspects. The game has been optimized for the latest Intel(R) Centrino(R) Processor Technology, which enables the outstanding performance of Chi Bi's high-definition and 3D rendering features on Haier's computers.

Commenting on the cooperation, Vice President of Perfect World, Ms. Ruby Wang, said, "I believe our cooperation with Intel and Haier will further enhance the attractiveness of our online games, demonstrate the excellence of 'Chi Bi', which is developed on our proprietary 3D Angelica game engine, and show off our proprietary technology capabilities. The high-end performance of Haier notebooks coupled with the latest Intel(R) Centrino(R) Processor Technology will allow online game players to truly experience the 3D effects of our products."

On April, 30, 2008, the three companies jointly held a press conference to announce the collaboration and to kick off the marketing campaign.

This joint press conference was hosted by Mr. Ma Xiangyang, Chief Editorial Assistant of Sohu.com Inc., Ms. Ruby Wang, Vice President of Perfect World, Mr. Fang Chunsong, Vice President of Haier, and Mr. Karl Wu, Consumer Marketing Group Director, Intel China all attended the press conference. The media interviews focused on the purpose, goal, and influence of the cooperation, and the high-definition images of Chi Bi demonstrated by Haier's notebook computer with the latest Intel(R) Centrino(R) Processor Technology, which impressed all the attendants at the press conference.

The promotion period is expected to start on May 1, 2008 and will end on July 31, 2008.

About Intel

Intel, the world leader in silicon innovation, develops technologies, products and initiatives to continually advance how people work and live. Additional information about Intel is available at http://www.intel.com/pressroom and blogs.intel.com .

Enterprise Profile of Haier Computer

Haier Computer, a fast-growing brand in China IT industry, was established jointly by Haier Group and Taiwan Pouchen Group. Presently, Haier Computer allocates its world-top manufacture bases of desktop and notebook computers in Guangdong and Kunshan.

Statistics from IDC, an international authoritative research institution, indicated, Haier notebook computer has pushed far ahead of many domestic and overseas brands, leading the 2nd place among the domestic brands in Chinese market in a continual 6 quarters.

Haier Computer, with the brand and network advantages of Haier Group, has built up a cooperative relationship with the global IT suppliers, as Intel, Microsoft, NVIDIA, Foxconn and PROVIEW, etc., and has established a Haier & Intel Innovative Product Research Center and a digital high definition lab. Haier Computer has successively developed a variety of unique products such as Haier Runyan Desktop Computer Series, Runqing Notebook Computer Series, Jiajiale (joy in every family in English), luxury notebook and the LEMODO commercial computers (known as never halt), etc. It successfully passed MTBF test on stability for 120,000 hr by the state authoritative organization and has been awarded many honors as China Environment Protection Bureau "Green Star" by the national authority, 2007 Annual Innovative Enterprise in China Information Industry, and an honorable enterprise for supporting information construction in pilot rural areas by Ministry of Information Industry.

In the global market, Haier Computer takes up a "going overseas" strategy. In August 2007, it succeeded in putting 10 global rivals out and got a huge order of 100,000 sets in Macedonia government global bidding. In Europe, it successfully accessed the professional channels as Carrefour and Media Market. In Latin America, it won a project of 15 million USD and accessed over 20 countries and areas. In CES International Consumer Electronics Show Las Vegas, January 2008, Haier VM notebook computer was awarded "Global Top Fashionable Computer".

Haier Computer is marching towards its goal -- to be a world-top IT brand! About Perfect World Co., Ltd. ( http://www.pwrd.com/ )

Perfect World Co., Ltd. is a leading online game developer and operator in China. Perfect World primarily develops three-dimensional ("3D") online games based on the proprietary Angelica 3D game engine and game development platform. The Company's strong technology and creative game design capabilities, combined with extensive local knowledge and experience, enable it to frequently and rapidly introduce popular games that are designed to cater to changing customer preferences and market trends in China. The Company's current portfolio of self-developed 3D online games includes 3D massively multiplayer online role playing games ("MMORPGs"): "Perfect World," "Legend of Martial Arts," "Perfect World II," "Zhu Xian," and "Chi Bi;" and a 3D casual game: "Hot Dance Party." While most revenues are generated in China, the Company's games have been licensed to leading game operators in more than ten countries and regions. The Company plans to continue to explore new and innovative business models and remains deeply committed to maximizing shareholder value over time.

Safe Harbor Statements

This press release contains forward-looking statements. These statements constitute forward-looking statements under the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "future," "plans," "believes" and similar statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Potential risks and uncertainties include, but are not limited to, our limited operating history, our ability to protect our intellectual property rights, our ability to respond to competitive pressure, and changes of the regulatory environment in China. Further information regarding these and other risks is included in Perfect World's filings with the U.S. Securities and Exchange Commission, including its registration statement on Form F-1. Perfect World does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.

For further information, please contact Perfect World Co., Ltd. Vivien Wang Investor Relations Officer Tel: +86-10-5885-1813 Fax: +86-10-5885-6899 Email: ir@pwrd.com http://www.pwrd.com/ Christensen Investor Relations Peter Homstad Tel: +1-480-614-3026 Fax: +1-480-614-3033 Email: phomstad@christensenir.com Jung Chang Tel: +852-2117-0861 Fax: +852-2117-0869 Email: jchang@christensenir.com

Perfect World Co., Ltd.

CONTACT: Perfect World Co., Ltd. - Vivien Wang, Investor Relations
Officer, +86-10-5885-1813, or fax, +86-10-5885-6899, or ir@pwrd.com;
Christensen Investor Relations - Peter Homstad, +1-480-614-3026, or fax, +1-
480-614-3033, or phomstad@christensenir.com, or Jung Chang, +852-2117-0861, or
fax, +852-2117-0869, or jchang@christensenir.com

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

MobiVentures Completes Acquisition of Purepromoter Limited

LONDON and NEW YORK, April 30 /PRNewswire-FirstCall/ -- MobiVentures Inc. (BULLETIN BOARD: MBLV) , an international provider of high quality mobile applications, content and services today announced that it has completed the acquisition of Purepromoter Limited ("Pure"), a U.K.-based global provider of e-mail and SMS marketing solutions in 40 countries, for $7.8 million.

Pure had revenues of $2.8 million for the fiscal year ended March 31, 2007, which is expected to exceed $4.1 million for the year ended March 31, 2008, a year-over-year increase of approximately 50%. These revenues are up from $1.1 million in fiscal 2006 and $430,000 in fiscal 2005. Pure's operating income at fiscal year-end 2007 was $670,000 and is expected to exceed $1.1 million for the year ended March 31, 2008.

Nigel Nicholas, chief executive officer of MobiVentures, commented, "Pure's ability to create and execute powerful, low-cost multimedia messaging and text messaging marketing campaigns is recognized around the globe. Completion of this acquisition is an important milestone as it provides us strong recurring revenues, cash flow and profitability as we accelerate our growth through the strong cross-selling opportunities and expanded distribution of our respective products."

Mr. Nicholas continued, "MobiVentures is aggressive in its pursuit of accretive and complementary acquisitions in the fragmented mobile media market, which is estimated to grow to $9.5 billion by 2011, up from an estimated $4.17 billion in 2006, according to Juniper Research. With the acquisition of Pure, following our recent acquisition of Move2Mobile, we have demonstrated our ability to identify, acquire and integrate complementary businesses. We look forward to completing similar acquisitions in the months ahead to increase our revenue base and profitability from the synergies and operating leverage of the combined businesses."

In connection with the acquisition of Pure, MobiVentures received $2 million in financing from Trafalgar Capital Specialized Investment Fund in the form of convertible debentures to fund the acquisition.

About MobiVentures

MobiVentures Inc. is an established provider of leading edge multi-media mobile content and services, with clients across the UK, Europe, Asia and North America. MobiVentures acquires and consolidates growing companies that operate within the mobile content and service industry. Through the combined scale and resources, MobiVentures seeks to accelerate growth and time to market for its portfolio companies and their respective products, which stand to immediately benefit from the company's broad content array, international distribution channels and strategic alliances.

About Purepromoter Limited

Pure offers a complete and flexible software solution to add power to email marketing and SMS advertising: PureResponse. Pure helps its clients develop the most effective way to display their email marketing message, and ensures its clients get the highest send rates and lowest number of opt-outs. Additional information about the company is available at: http://www.pure360.com/.

Statements about MobiVentures' future expectations and all other statements in this press release other than historical facts are "forward- looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as the term is defined in the Private Litigation Reform Act of 1995. MobiVentures' actual results could differ materially from expected results. MobiVentures undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances. The forecasted revenues and other financial information for Pure Promoter for its fiscal year ended March 31, 2008 are projections based on guidance provided by management of Pure Promoter. These projections are forward looking statements that are subject to contingencies associated with the business of Pure Promotor. There is no assurance that these projections will be achieved. Accordingly, investors should not place undue reliance on these forward looking statements.

MobiVentures Inc.

CONTACT: David K. Waldman or Klea K. Theoharis, both of Crescendo
Communications, LLC for MobiVentures, +1-212-671-1020

Web site: http://www.mobiventures.com/
http://www.pure360.com/

IAC Reports Q1 Results

NEW YORK, April 30 /PRNewswire-FirstCall/ -- IAC released first quarter 2008 results today.

SUMMARY RESULTS $ in millions (except per share amounts) Q1 2008 Q1 2007 Growth Revenue $1,602.3 $1,490.1 8% Operating Income Before Amortization 135.2 140.4 -4% Adjusted Net Income 87.2 96.9 -10% Adjusted EPS 0.30 0.31 -5% Operating Income 70.0 85.4 -18% Net Income 52.8 60.7 -13% GAAP Diluted EPS 0.18 0.20 -8% See reconciliation of GAAP to non-GAAP measures beginning on page 13.

"With this quarter's results, it couldn't be clearer that we are on the right course in separating IAC into 5 distinct public entities. Each of the businesses have their own unique opportunities - some with current challenges and others with wind at their backs," said IAC's Chairman and CEO, Barry Diller. "Ticketmaster grew revenue strongly and continues to invest for the future; our Retailing business struggled due to consumer pressures at Catalogs but, importantly, HSN continued to exhibit strong momentum; Interval continued its superb execution; Lending significantly narrowed its losses and posted its first quarter of sequential revenue growth in eight quarters; and, New IAC posted outstanding results with a more than doubling of profit in its Media & Advertising business."

Overall Highlights -- Q1 revenue growth was solid, while Operating Income Before Amortization declined modestly, reflecting the effects of a difficult macro environment on our Catalogs business, profit declines at Ticketmaster, and transaction expenses in connection with our planned spin-offs. Excluding transaction expenses, Operating Income Before Amortization grew 2% over the prior year, driven in large part by impressive growth at our Media & Advertising business. -- Q1 Free Cash Flow was $111.6 million, up 86% over the prior year, with $148.7 million in net cash provided by operating activities. -- As previously reported, IAC repurchased 6 million common shares at $24.25 per share on January 10, 2008.

Given the pending spin-off transactions, we thought it appropriate to present Q1 results for the businesses which will comprise IAC, HSN, Ticketmaster, LendingTree and Interval after the spin-offs:

Results As They Would Appear Post Spins* Revenue Q1 2008 Q1 2007 Growth $ in millions New IAC $392.0 $320.7 22% Retailing (To be named HSN) 676.9 666.7 2% Ticketmaster 349.0 303.6 15% LendingTree 70.2 113.2 -38% Interval 115.9 86.4 34% Operating Income Before Amortization Q1 2008 Q1 2007 Growth $ in millions New IAC $5.0 $(6.0) NM Retailing (To be named HSN) 26.2 39.4 -33% Ticketmaster 61.7 71.6 -14% LendingTree (4.9) (3.4) -44% Interval 47.3 38.9 22% Operating (Loss) Income Q1 2008 Q1 2007 Growth $ in millions New IAC $(33.3) $(39.2) 15% Retailing (To be named HSN) 20.2 35.2 -42% Ticketmaster 51.0 64.8 -21% LendingTree (8.7) (7.8) -11% Interval 40.8 32.6 25% * Following the spin-offs, the businesses comprising IAC will consist of those reported under New IAC on page 2. Shoebuy and ReserveAmerica have been moved to Emerging Businesses and are reflected in the results for New IAC above for all periods presented. Retailing (to be named HSN) will consist of HSN and Catalogs, LendingTree will include both the Lending and Real Estate businesses, while Ticketmaster and Interval will consist of the businesses previously comprising these segments. Additionally, New IAC numbers above include all corporate and spin-off expenses. DISCUSSION OF FINANCIAL AND OPERATING RESULTS NEW IAC Q1 2008 Q1 2007 Growth $ in millions Revenue Media & Advertising $215.5 $168.1 28% Match 90.5 82.4 10% ServiceMagic 28.9 21.6 34% Entertainment 21.0 20.7 1% Emerging Businesses 43.8 28.4 54% Intercompany Elimination (7.7) (0.5) -1478% $392.0 $320.7 22% Operating Income Before Amortization Media & Advertising $36.9 $17.2 115% Match 10.1 8.4 21% ServiceMagic 6.1 6.2 -1% Entertainment (13.9) (13.0) -7% Emerging Businesses (7.2) (2.2) -231% Corporate (27.0) (22.6) -20% $5.0 $(6.0) NM Operating Income (Loss) Media & Advertising $30.7 $10.5 192% Match 7.1 8.2 -13% ServiceMagic 5.6 5.3 6% Entertainment (14.5) (13.7) -5% Emerging Businesses (8.7) (3.6) -139% Corporate (53.6) (45.9) -17% $(33.3) $(39.2) 15% Media & Advertising

Media & Advertising consists of proprietary properties such as Ask.com, Fun Web Products, Citysearch and Evite and network properties which include distributed search, sponsored listings, and toolbars. Both proprietary and network revenue grew during the quarter.

Media & Advertising revenue growth was driven by improved economics associated with the renewed partnership with Google, which resulted in an increase in revenue per query across all proprietary search sites. Revenue benefited further from an increase in queries and revenue per query at Fun Web Products and from distributed search. Revenue and revenue per query at Ask.com grew strongly, even excluding the benefits of the renewed contract. Queries declined overall due largely to significantly reduced marketing which more than offset growth in the core user base which searches most frequently. Proprietary revenue growth outpaced that of network revenue, primarily due to higher revenue per query at proprietary sites like Ask.com and Zwinky.com.

Media & Advertising profit benefited from a reduction in the current year expense of $4.6 million resulting from the capitalization and amortization of costs related to the distribution of toolbars which began on April 1, 2007. These costs had previously been expensed as incurred. Profits benefited further from lower marketing spend at Ask.com.

Match

Revenue growth was driven by an 8% and 12% increase in international subscribers and revenue per subscriber, respectively, and 6% growth in revenue per subscriber domestically where subscribers declined slightly. Operating Income Before Amortization growth reflects lower customer acquisition costs as a percentage of revenue in international markets. Domestic customer acquisition costs increased reflecting increased spending related to Chemistry.com, which continues to grow subscribers, partially offset by reductions in other domestic marketing spend. Operating income for the current period reflects amortization of non-cash marketing of $2.8 million.

ServiceMagic

ServiceMagic revenue benefited from a 12% increase in customer service requests, improved monetization of service requests and a 7% increase in the number of service providers in the network. Flat Operating Income Before Amortization reflects increased operating expenses primarily associated with the expansion of the sales force and higher customer acquisition costs, including higher offline marketing expenses, versus the prior year period. Profits were impacted further by slower growth from higher margin discretionary home repair and improvement requests, which we believe is due, in part, to the general slowdown in housing and consumer spending. Operating Income growth reflects lower amortization of intangibles.

Entertainment

Revenue was flat and a decline in Operating Income Before Amortization reflects increased professional fees and ongoing investments to increase both advertising revenue and the quality of local content throughout Entertainment's discount and promotion product suite.

Emerging Businesses

Emerging Businesses include Shoebuy, ReserveAmerica, Pronto.com, Gifts.com, InstantAction.com and programming businesses such as Connected Ventures, 23/6, VSL and RushmoreDrive.com. Revenue for the period primarily reflects strong growth at Pronto.com and Shoebuy, while losses increased due primarily to the inclusion of InstantAction.com, RushmoreDrive.com and other start-up investments not in the year ago figures.

Corporate

Corporate expense for the period included $8.6 million in expenses related to the spin-offs.

RETAILING (To be named HSN) Q1 2008 Q1 2007 Growth $ in millions Revenue $676.9 $666.7 2% Operating Income Before Amortization $26.2 $39.4 -33% Operating Income $20.2 $35.2 -42%

Revenue reflects 9% growth at HSN, excluding America's Store, which ceased operations on April 3, 2007, partially offset by a 7% decline at Catalogs. Online sales continued to grow at a double digit rate in the first quarter.

HSN revenue grew 5% for the period on comparable unit shipments and a 5% increase in average price point. The increase in average price point was largely the result of increased sales in electronics. During the quarter, HSN continued to improve sales efficiency and increased the number and average spend of active customers. Catalogs revenue decline reflects a 4% decrease in units shipped and a 2% decline in average price point. The Catalogs business, which is principally comprised of home and apparel merchandise, continues to be affected by the difficult retail environment.

Operating Income Before Amortization at HSN declined 1% to $31.4 million, principally due to a shift in consumer demand and thus sales mix to electronics and cookware, which typically carry a lower margin. Profits were further negatively impacted by higher shipping and handlings costs. Catalogs Operating Income Before Amortization declined from $7.7 million in the first quarter of 2007 to a loss of $5.2 million in the current period, reflecting lower gross margins in a highly promotional retail environment, partially offset by reduced costs associated with a 15% decline in catalog circulation.

Operating income of $27.6 million at HSN for the current period reflects amortization of non-cash marketing of $3.7 million and amortization of intangibles of $0.1 million, a decrease of $1.5 million. Operating loss of $7.3 million at Catalogs for the current period reflects amortization of intangibles of $ 2.1 million, a decrease of $0.4 million.

TICKETMASTER Q1 2008 Q1 2007 Growth $ in millions Revenue $349.0 $303.6 15% Operating Income Before Amortization $61.7 $71.6 -14% Operating Income $51.0 $64.8 -21%

Revenue growth was driven by a 3% increase in tickets sold, with 7% higher average overall revenue per ticket. Domestic revenue increased 15% primarily due to contributions from Paciolan and TicketsNow (acquired in January and February, respectively) as well as higher average revenue per ticket and slightly higher overall ticket volume, including ticket sales for Jonas Brothers, Tom Petty and Kenny Chesney. International revenue grew 16%, or 6% excluding the effects of foreign exchange, due primarily to increased revenue in Canada and Australia. Acquisitions contributed $18.4 million to Ticketmaster's overall revenue. Profits were adversely impacted by nonrecurring items benefiting the prior year and losses associated with certain acquisitions and strategic investments, particularly in Germany, China and resale initiatives. Profits were impacted further by higher expenses associated with product and technology initiatives and higher overall royalty rates. Operating income for the current period reflects an increase in amortization of intangibles and an increase in non-cash compensation.

LENDINGTREE Q1 2008 Q1 2007 Growth $ in millions Revenue Lending $61.8 $100.0 -38% Real Estate 8.4 13.2 -37% $70.2 $113.2 -38% Operating Income Before Amortization Lending $(1.0) $3.1 NM Real Estate (3.9) (6.6) 40% $(4.9) $(3.4) -44% Operating (Loss) Income Lending $(3.7) $0.1 NM Real Estate (5.0) (8.0) 37% $(8.7) $(7.8) -11% Lending

Revenue declined primarily due to fewer loans sold into the secondary market and fewer loans closed at the exchange. Revenue from all home loan products declined. Losses reflect a shift to lower margin products, higher costs per loan sold as a result of lower close rates and stricter underwriting criteria. Losses also reflect certain charges aggregating $3.1 million associated with legal and regulatory costs and restructuring initiatives, partially offset by lower marketing and other operating expenses.

Real Estate

Revenue declines reflect the absence of revenue from the agent network business which closed in December 2007 and fewer closings at the builder and broker networks, partially offset by increased closings at the company owned brokerage. The company owned brokerage, now operating in 14 markets, grew revenue 38% during the period. Losses decreased due primarily to lower marketing expenses and lower administrative costs resulting in part from the restructuring of the business during 2007.

INTERVAL Q1 2008 Q1 2007 Growth $ in millions Revenue $115.9 $86.4 34% Operating Income Before Amortization $47.3 $38.9 22% Operating Income $40.8 $32.6 25%

Revenue reflects a $19.1 million contribution from ResortQuest Hawaii, acquired on May 31, 2007. Revenue and profit growth were driven by strong transaction revenue, due to 6% growth in member transaction volume and higher average fees, and a 4% increase in members. Profits grew at a slower rate than revenue primarily due to the inclusion of ResortQuest Hawaii.

OTHER ITEMS

Q1 other income (expense) benefited from a $4.3 million gain in Q1 2008 reflecting an increase in the fair value of the derivative asset received by the Company in connection with the sale of HSE24. The fair value of this derivative increases or decreases in inverse correlation to the fair value of the underlying stock of Arcandor AG. Additionally, Q1 other income (expense) benefited from a $2.3 million gain in Q1 2008 as compared to a $0.3 million loss in Q1 2007, reflecting changes in the fair value of the derivatives that were created in the Expedia spin-off. The derivatives relate to IAC's obligation to deliver both IAC and Expedia shares upon the conversion of the Ask Convertible Notes and the exercise of certain IAC warrants.

The effective tax rates for continuing operations and adjusted net income were 43% and 40% in Q1 2008, respectively. These effective tax rates were higher than the statutory rate of 35% due principally to state taxes and non- deductible costs related to the spin-offs, partially offset by foreign income taxed at lower rates. The Q1 2008 effective tax rate for continuing operations was further impacted by interest on tax contingencies and a write-off of a deferred tax asset related to non-cash compensation. The effective tax rates for continuing operations and adjusted net income were 38% and 37% in Q1 2007, respectively. These effective tax rates were higher than the statutory rate of 35% due principally to state taxes and interest on tax contingencies, partially offset by foreign tax credits associated with equity income from unconsolidated affiliates.

Prior year data has been restated to reflect the correction of an error related to Interval's deferred revenue and related costs.

LIQUIDITY AND CAPITAL RESOURCES

As previously disclosed, IAC repurchased 6 million shares during Q1 at a purchase price of $24.25 per share. IAC may purchase shares over an indefinite period of time, depending on those factors IAC management deems relevant at any particular time, including, without limitation, market conditions, share price, and future outlook.

As of March 31, 2008, IAC had approximately $1.4 billion in cash, restricted cash and marketable securities, $943.4 million in debt and, excluding $78.7 million in LendingTree Loans debt that is non-recourse to IAC, $551.3 million in pro forma net cash and marketable securities.

DILUTIVE SECURITIES

IAC has various tranches of dilutive securities. The table below details these securities as well as potential dilution at various stock prices (shares in millions).

Avg. Strike / As of Shares Conversion 4/25/08 Dilution at: Share Price $20.29 $25.00 $30.00 $35.00 $40.00 Absolute Shares as of 4/25/08 278.6 278.6 278.6 278.6 278.6 278.6 RSUs and Other 10.1 10.1 9.9 9.8 9.7 9.6 Options 17.1 $27.38 0.8 1.3 1.9 2.4 2.9 Warrants 34.6 $27.88 2.9 4.4 5.6 7.9 10.4 Convertible Notes 0.5 $14.82 0.5 0.5 0.5 0.5 0.5 Total Treasury Method Dilution 14.3 16.1 17.7 20.4 23.4 % Dilution 4.9% 5.5% 6.0% 6.8% 7.7% Total Treasury Method Diluted Shares Outstanding 292.8 294.7 296.3 299.0 301.9 CONFERENCE CALL

IAC will audiocast its conference call with investors and analysts discussing the Company's Q1 financial results on Wednesday, April 30, 2008, at 11:00 a.m. Eastern Time (ET). This call will include the disclosure of certain information, including forward-looking information, which may be material to an investor's understanding of IAC's business. The live audiocast is open to the public at http://www.iac.com/investors.htm.

OPERATING METRICS Q1 2008 Q1 2007 Growth MEDIA & ADVERTISING Revenue by traffic source Proprietary 61.6% 57.7% Network 38.4% 42.3% MATCH Paid Subscribers (000s) 1,352.2 1,338.9 1% RETAILING (a) Units shipped (mm) 12.5 12.5 0% Gross profit % 34.8% 37.2% Return rate 19.1% 18.3% Average price point $61.20 $59.49 3% Internet % (b) 33% 30% HSN total homes - end of period (mm) 91.5 89.8 2% Catalogs mailed (mm) 87.2 102.7 -15% TICKETMASTER Number of tickets sold (mm) (c ) 36.7 35.7 3% Gross value of tickets sold (mm) (c ) $2,218 $2,076 7% LENDINGTREE Lending Transmitted QFs (000s) (d) 678.7 1,002.5 -32% Closings - units (000s) (e) 29.8 62.1 -52% Closings - dollars ($mm) (e) $7,485 $7,376 1% Real Estate Closings - units (000s) 1.6 2.6 -37% Closings - dollars ($mm) $415 $649 -36% INTERVAL Members (000s) 1,977 1,907 4% Confirmations (000s) (f) 319 301 6% Share of confirmations online (f) 28% 25% (a) Retailing includes HSN and catalogs for all periods presented. Excludes Shoebuy which has been moved to Emerging Businesses for all periods presented. Retailing metrics exclude units sold on a wholesale basis. (b) Internet demand as a percent of total Retailing demand excluding Liquidations and Services. (c ) Ticketmaster excludes ReserveAmerica which has been moved to Emerging Businesses for all periods presented. (d) Customer "Qualification Forms" (QFs) transmitted to at least one exchange lender (including LendingTree Loans) plus QFs transmitted to at least one GetSmart lender. (e) Loan closings consist of loans closed by exchange lenders and directly by LendingTree Loans. (f) Excludes bookings for ResortQuest Hawaii from non-Interval members. GAAP FINANCIAL STATEMENTS IAC CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited; $ in thousands except per share amounts) Three Months Ended March 31, 2008 2007 (Restated) Product sales $723,530 $706,506 Service revenue 878,819 783,625 Net revenue 1,602,349 1,490,131 Cost of sales-product sales (exclusive of depreciation shown separately below) 464,408 436,655 Cost of sales-service revenue (exclusive of depreciation shown separately below) 398,006 334,660 Gross profit 739,935 718,816 Selling and marketing expense 337,197 331,378 General and administrative expense 219,878 202,995 Other operating expense 33,913 30,415 Amortization of non-cash marketing 6,511 507 Amortization of intangibles 29,821 30,228 Depreciation 42,603 37,847 Operating income 70,012 85,446 Other income (expense): Interest income 10,491 19,291 Interest expense (12,851) (15,016) Equity in income of unconsolidated affiliates 6,445 7,847 Other income 12,052 681 Total other income, net 16,137 12,803 Earnings from continuing operations before income taxes and minority interest 86,149 98,249 Income tax provision (36,809) (37,489) Minority interest in losses (income) of consolidated subsidiaries 895 (113) Earnings from continuing operations 50,235 60,647 Income from discontinued operations, net of tax 2,581 103 Net earnings available to common shareholders $52,816 $60,750 Earnings per share from continuing operations: Basic earnings per share $0.18 $0.21 Diluted earnings per share $0.18 $0.20 Net earnings per share available to common shareholders: Basic earnings per share $0.19 $0.21 Diluted earnings per share $0.18 $0.20 IAC CONSOLIDATED BALANCE SHEETS ($ in thousands) March 31, December 31, 2008 2007 ASSETS (unaudited) (audited) Cash and cash equivalents $1,234,050 $1,585,302 Restricted cash and cash equivalents 12,613 23,701 Marketable securities 169,307 326,788 Accounts receivable, net 508,291 483,336 Loans held for sale, net 91,185 86,754 Inventories 351,411 331,970 Deferred income taxes 94,373 97,401 Prepaid and other current assets 349,091 352,177 Total current assets 2,810,321 3,287,429 Property and equipment, net 660,646 651,474 Goodwill 6,794,102 6,473,014 Intangible assets, net 1,521,971 1,404,897 Long-term investments 501,022 450,318 Other non-current assets 280,461 257,388 TOTAL ASSETS $12,568,523 $12,524,520 LIABILITIES AND SHAREHOLDERS' EQUITY LIABILITIES Current maturities of long-term obligations and short-term borrowings $93,374 $111,857 Accounts payable, trade 307,790 279,749 Accounts payable, client accounts 500,547 413,070 Deferred revenue 199,472 171,650 Income taxes payable 5,039 20,521 Accrued expenses and other current liabilities 626,100 691,965 Total current liabilities 1,732,322 1,688,812 Long-term obligations, net of current maturities 850,005 834,566 Income taxes payable 265,987 266,488 Other long-term liabilities 177,352 171,725 Deferred income taxes 988,611 938,786 Minority interest 40,238 40,481 SHAREHOLDERS' EQUITY Preferred stock - - Common stock 418 417 Class B convertible common stock 32 32 Additional paid-in capital 14,763,013 14,744,318 Retained earnings 620,636 567,820 Accumulated other comprehensive income 44,238 39,814 Treasury stock (6,914,329) (6,768,739) Total shareholders' equity 8,514,008 8,583,662 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $12,568,523 $12,524,520 IAC CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited; $ in thousands) Three Months Ended March 31, 2008 2007 (Restated) Cash flows from operating activities attributable to continuing operations: Net earnings available to common shareholders $52,816 $60,750 Less: income from discontinued operations, net of tax (2,581) (103) Earnings from continuing operations 50,235 60,647 Adjustments to reconcile earnings from continuing operations to net cash provided by operating activities attributable to continuing operations: Depreciation and amortization of intangibles 72,424 68,075 Non-cash compensation expense 28,903 24,226 Amortization of cable distribution fees 1,120 1,241 Amortization of non-cash marketing 6,511 507 Deferred income taxes 4,547 1,801 Gain on sales of loans held for sale (23,573) (48,617) Equity in income of unconsolidated affiliates, net of dividends (6,445) (7,847) Minority interest in (losses) income of consolidated subsidiaries (895) 113 Changes in current assets and liabilities: Accounts receivable 40,292 21,040 Origination of loans held for sale (611,490) (1,997,623) Proceeds from sales of loans held for sale 628,501 1,981,313 Inventories (15,185) (31,014) Prepaid and other current assets (34,619) (14,067) Accounts payable, income taxes payable and other current liabilities (23,026) (104,448) Deferred revenue 17,942 21,669 Funds collected by Ticketmaster on behalf of clients, net 18,963 43,335 Other, net (5,477) 11,285 Net cash provided by operating activities attributable to continuing operations 148,728 31,636 Cash flows from investing activities attributable to continuing operations: Acquisitions, net of cash acquired (414,203) (54,576) Capital expenditures (36,460) (51,355) Purchases of marketable securities (35,971) (166,202) Proceeds from sales and maturities of marketable securities 181,035 283,319 Increase in long-term investments (48,549) (250) Other, net 352 35 Net cash (used in) provided by investing activities attributable to continuing operations (353,796) 10,971 Cash flows from financing activities attributable to continuing operations: Borrowings under lines of credit 553,141 1,947,302 Repayments of lines of credit (553,828) (1,884,903) Principal payments on long-term obligations (20,378) (11,204) Purchase of treasury stock (145,590) (322,577) Issuance of common stock, net of withholding taxes (6,016) 12,699 Excess tax benefits from stock-based awards 322 6,889 Other, net 12,746 (7,860) Net cash used in financing activities attributable to continuing activities (159,603) (259,654) Total cash used in continuing operations (364,671) (217,047) Net cash provided by operating activities attributable to discontinued operations 711 8,182 Net cash used in investing activities attributable to discontinued operations - (1,459) Net cash used in financing activities attributable to discontinued operations - (280) Total cash provided by discontinued operations 711 6,443 Effect of exchange rate changes on cash and cash equivalents 12,708 3,631 Net decrease in cash and cash equivalents (351,252) (206,973) Cash and cash equivalents at beginning of period 1,585,302 1,428,140 Cash and cash equivalents at end of period $1,234,050 $1,221,167 RECONCILIATIONS OF GAAP TO NON-GAAP MEASURES IAC RECONCILIATION OF OPERATING CASH FLOW FROM CONTINUING OPERATIONS TO FREE CASH FLOW (unaudited; $ in millions; rounding differences may occur) Three Months Ended March 31, 2008 2007 Net cash provided by operating activities attributable to continuing operations $148.7 $31.6 (Decrease) increase in lines of credit (0.7) 62.4 Capital expenditures (36.5) (51.4) Tax refunds related to the sale of VUE interests - (28.5) Tax payments related to the sale of PRC - 46.0 Free Cash Flow $111.6 $60.1

For the three months ended March 31, 2008, consolidated Free Cash Flow increased by $51.5 million from the prior year period due principally to lower cash taxes paid, lower capital expenditures and improved cash management, partially offset by a decreased contribution from Ticketmaster client cash. The contribution from Ticketmaster client cash decreased $24.4 million from the prior year period. Free Cash Flow includes the change in lines of credit because the change in loans held for sale is already included in cash provided by operating activities. Free Cash Flow excludes tax payments and refunds related to the sale of the Company's interests in PRC and VUE because the proceeds from these sales were not included in cash provided by operating activities.

IAC RECONCILIATION OF GAAP EPS TO ADJUSTED EPS (unaudited; $ in thousands except per share amounts) Three Months Ended March 31, 2008 2007 (Restated) Diluted (loss) earnings per share $0.18 $0.20 GAAP diluted weighted average shares outstanding 286,244 304,685 Net (loss) earnings available to common shareholders $52,816 $60,750 Non-cash compensation expense 28,903 24,226 Amortization of non-cash marketing 6,511 507 Amortization of intangibles 29,821 30,228 Net other (income) expense related to the fair value adjustment of derivatives (2,308) 310 Other income related to fair value adjustment of the derivative created in the sale of HSE24 (4,286) - Gain on sale of VUE interests and related effects 1,619 2,072 Discontinued operations, net of tax (2,581) (103) Impact of income taxes and minority interest (23,417) (21,243) Interest on convertible notes, net of tax 92 121 Adjusted Net Income $87,170 $96,868 Adjusted EPS weighted average shares outstanding 293,482 310,795 Adjusted EPS $0.30 $0.31 GAAP Basic weighted average shares outstanding 278,767 287,191 Options, warrants and restricted stock, treasury method 7,477 16,886 Conversion of convertible preferred and convertible notes (if applicable) - 608 GAAP Diluted weighted average shares outstanding 286,244 304,685 Options, warrants and RS, treasury method not included in diluted shares above - - Impact of restricted shares and convertible preferred and notes (if applicable), net 7,238 6,110 Adjusted EPS shares outstanding 293,482 310,795

For Adjusted EPS purposes, the impact of RSUs on shares outstanding is based on the weighted average number of RSUs outstanding as compared with shares outstanding for GAAP purposes, which includes RSUs on a treasury method basis. The weighted average number of RSUs outstanding for Adjusted EPS purposes includes the weighted average number of performance-based RSUs that the Company believes are probable of vesting. There are no performance-based RSUs included for GAAP purposes.

New IAC RECONCILIATION OF DETAILED SEGMENT RESULTS TO GAAP (unaudited; $ in millions; rounding differences may occur) For the three months ended March 31, 2008 Non-cash Amorti Operating compens zation Amorti Income ation of zation Operating Before expense non-cash of income Amortization (A) marketing intangibles (loss) New IAC Media & Advertising $36.9 $- $- $(6.2) $30.7 Match 10.1 - (2.8) (0.2) 7.1 ServiceMagic 6.1 (0.2) - (0.4) 5.6 Entertainment (13.9) - - (0.5) (14.5) Emerging Businesses (7.2) (0.2) - (1.2) (8.7) Corporate (27.0) (26.5) - - (53.6) Total New IAC 5.0 (26.9) (2.8) (8.6) (33.3) Retailing (To be named HSN) 26.2 (0.1) (3.7) (2.2) 20.2 Ticketmaster 61.7 (1.8) - (8.9) 51.0 LendingTree Lending (1.0) (0.1) - (2.6) (3.7) Real Estate (3.9) - - (1.1) (5.0) Total LendingTree (4.9) (0.1) - (3.7) (8.7) Interval 47.3 - - (6.5) 40.8 Total $135.2 $(28.9) $(6.5) $(29.8) 70.0 Other income, net 16.1 Earnings from continuing operations before income taxes and minority interest 86.1 Income tax provision (36.8) Minority interest in losses of consolidated subsidiaries 0.9 Earnings from continuing operations 50.2 Income from discontinued operations, net of tax 2.6 Net earnings available to common shareholders $52.8 (A) Non-cash compensation expense includes $2.1 million, $2.3 million, $24.5 million and $0.1 million which are included in cost of sales, selling and marketing expense, general and administrative expense and other operating expense, respectively, in the accompanying consolidated statement of operations. Supplemental: Depreciation New IAC Media & Advertising $9.5 Match 2.1 ServiceMagic 0.8 Entertainment 1.3 Emerging Businesses 1.6 Corporate 3.3 Total New IAC 18.5 Retailing (To be named HSN) 9.0 Ticketmaster 11.1 LendingTree Lending 1.4 Real Estate 0.4 Total Lending Tree 1.8 Interval 2.2 Total Depreciation $42.6 New IAC RECONCILIATION OF DETAILED SEGMENT RESULTS TO GAAP (unaudited; $ in millions; rounding differences may occur) For the three months ended March 31, 2007 Non-cash Amorti Operating compens zation Amorti Income ation of zation Operating Before expense non-cash of income Amortization (A) marketing intangibles (loss) New IAC Media & Advertising $17.2 $- $(0.5) $(6.2) $10.5 Match 8.4 - - (0.2) 8.2 ServiceMagic 6.2 (0.2) - (0.8) 5.3 Entertainment (13.0) - - (0.7) (13.7) Emerging Businesses (2.2) (0.6) - (0.9) (3.6) Corporate (22.6) (23.2) - - (45.9) Total New IAC (6.0) (24.0) (0.5) (8.7) (39.2) Retailing (To be named HSN) 39.4 (0.1) - (4.1) 35.2 Ticketmaster 71.6 - - (6.9) 64.8 LendingTree Lending 3.1 (0.1) - (2.9) 0.1 Real Estate (6.6) - - (1.4) (8.0) Total LendingTree (3.4) (0.1) - (4.3) (7.8) Interval 38.9 - - (6.3) 32.6 Total $140.4 $(24.2) $(0.5) $(30.2) 85.4 Other income, net 12.8 Earnings from continuing operations before income taxes and minority interest 98.2 Income tax provision (37.5) Minority interest in income of consolidated subsidiaries (0.1) Earnings from continuing operations 60.6 Income from discontinued operations, net of tax 0.1 Net earnings available to common shareholders $60.7 (A) Non-cash compensation expense includes $1.8 million, $2.0 million and $20.3 million which are included in cost of sales, selling and marketing expense and general and administrative expense, respectively, in the accompanying consolidated statement of operations. Supplemental: Depreciation New IAC Media & Advertising $7.6 Match 1.8 ServiceMagic 0.5 Entertainment 1.4 Emerging Businesses 1.2 Corporate 3.1 Total New IAC 15.5 Retailing (To be named HSN) 8.5 Ticketmaster 9.1 LendingTree Lending 2.5 Real Estate 0.3 Total Lending Tree 2.8 Interval 1.9 Total Depreciation $37.8 IAC'S PRINCIPLES OF FINANCIAL REPORTING

IAC reports Operating Income Before Amortization, Adjusted Net Income, Adjusted EPS and Free Cash Flow, all of which are supplemental measures to GAAP. These measures are among the primary metrics by which we evaluate the performance of our businesses, on which our internal budgets are based and by which management is compensated. We believe that investors should have access to, and we are obligated to provide, the same set of tools that we use in analyzing our results. These non-GAAP measures should be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for or superior to GAAP results. IAC endeavors to compensate for the limitations of the non-GAAP measures presented by providing the comparable GAAP measures with equal or greater prominence and descriptions of the reconciling items, including quantifying such items, to derive the non- GAAP measures. We encourage investors to examine the reconciling adjustments between the GAAP and non-GAAP measures contained in this release and which we discuss below.

Definitions of Non-GAAP Measures

Operating Income Before Amortization is defined as operating income excluding, if applicable: (1) non-cash compensation expense and amortization of non-cash marketing, (2) amortization of intangibles and goodwill impairment, (3) pro forma adjustments for significant acquisitions, and (4) one-time items. We believe this measure is useful to investors because it represents the consolidated operating results from IAC's segments, taking into account depreciation, which we believe is an ongoing cost of doing business, but excluding the effects of any other non-cash expenses. Operating Income Before Amortization has certain limitations in that it does not take into account the impact to IAC's statement of operations of certain expenses, including non-cash compensation, non-cash marketing, and acquisition-related accounting.

Adjusted Net Income generally captures all items on the statement of operations that have been, or ultimately will be, settled in cash and is defined as net income available to common shareholders excluding, net of tax effects and minority interest, if applicable: (1) non-cash compensation expense and amortization of non-cash marketing, (2) amortization of intangibles and goodwill impairment, (3) pro forma adjustments for significant acquisitions, (4) equity income or loss from IAC's 5.44% interest in VUE and gain on the sale of IAC's interest in VUE, (5) non-cash income or expense reflecting changes in the fair value of the derivatives created in the Expedia spin-off as a result of both IAC and Expedia shares being issuable upon the conversion of the Ask Convertible Notes and the exercise of certain IAC warrants, (6) income or expense reflecting changes in the fair value of the derivative asset associated with the sale of HSE24, (7) one-time items, and (8) discontinued operations. We believe Adjusted Net Income is useful to investors because it represents IAC's consolidated results, taking into account depreciation, which we believe is an ongoing cost of doing business, as well as other charges which are not allocated to the operating businesses such as interest expense, taxes and minority interest, but excluding the effects of any other non-cash expenses.

Adjusted EPS is defined as Adjusted Net Income divided by fully diluted weighted average shares outstanding for Adjusted EPS purposes. We include dilution from options and warrants per the treasury stock method and include all restricted shares and restricted stock units ("RSUs") in shares outstanding for Adjusted EPS, with performance-based RSUs included based on the number of shares that the Company believes are probable of vesting. This differs from the GAAP method for including RSUs, which treats them on a treasury method basis and with respect to performance-based RSUs only to the extent the performance criteria are met (assuming the end of the reporting period is the end of the contingency period). In addition, convertible instruments are assumed to be converted in determining shares outstanding for Adjusted EPS, if the effect is dilutive. Shares outstanding for Adjusted EPS purposes are therefore higher than shares outstanding for GAAP EPS purposes. We believe Adjusted EPS is useful to investors because it represents, on a per share basis, IAC's consolidated results, taking into account depreciation, which we believe is an ongoing cost of doing business, as well as other charges which are not allocated to the operating businesses such as interest expense, taxes and minority interest, but excluding the effects of any other non-cash expenses. Adjusted Net Income and Adjusted EPS have the same limitations as Operating Income Before Amortization, and in addition Adjusted Net Income and Adjusted EPS do not account for IAC's former passive ownership in VUE. Therefore, we think it is important to evaluate these measures along with our consolidated statement of operations.

Free Cash Flow is defined as net cash provided by operating activities, less capital expenditures and preferred dividends paid by IAC. For purposes of Free Cash Flow, we also include changes in warehouse lines of credit due to the close connection that exists with changes in loans held for sale which are included in cash provided by operating activities. In addition, Free Cash Flow excludes tax payments and refunds related to the sale of IAC's interests in VUE, PRC and HSE24 due to the exclusion of the proceeds from these sales from cash provided by operating activities. We believe Free Cash Flow is useful to investors because it represents the cash that our operating businesses generate, before taking into account cash movements that are nonoperational. Free Cash Flow has certain limitations in that it does not represent the total increase or decrease in the cash balance for the period, nor does it represent the residual cash flow for discretionary expenditures. For example, it does not take into account stock repurchases. Therefore, we think it is important to evaluate Free Cash Flow along with our consolidated statement of cash flows.

Pro Forma Results

We will only present Operating Income Before Amortization, Adjusted Net Income and Adjusted EPS on a pro forma basis if we view a particular transaction as significant in size or transformational in nature. For the periods presented in this release, there are no transactions that we have included on a pro forma basis.

One-Time Items

Operating Income Before Amortization and Adjusted Net Income are presented before one-time items, if applicable. These items are truly one-time in nature and non-recurring, infrequent or unusual, and have not occurred in the past two years or are not expected to recur in the next two years, in accordance with SEC rules. GAAP results include one-time items. For the periods presented in this release, there are no adjustments for any one-time items.

Non-Cash Expenses That Are Excluded From Our Non-GAAP Measures

Non-cash compensation expense consists principally of expense associated with the grants, including unvested grants assumed in acquisitions, of restricted stock, restricted stock units and stock options. These expenses are not paid in cash, and we include the related shares in our fully diluted shares outstanding which, for restricted stock units and stock options, are included on a treasury method basis. We view the true cost of our restricted stock units as the dilution to our share base, and as such units are included in our shares outstanding for Adjusted EPS purposes as described above under the definition of Adjusted EPS. Upon vesting of restricted stock and restricted stock units and the exercise of certain stock options, the awards are settled, at the Company's discretion, on a net basis, with the Company remitting the required tax withholding amount from its current funds.

Amortization of non-cash marketing consists of non-cash advertising secured from Universal Television as part of the transaction pursuant to which VUE was created, and the subsequent transaction by which IAC sold its partnership interests in VUE (collectively referred to as "NBC Universal Advertising"). The NBC Universal Advertising is available for television advertising on various NBC Universal network and cable channels without any cash cost.

The NBC Universal Advertising is excluded from Operating Income Before Amortization and Adjusted Net Income because it is non-cash and generally is incremental to the advertising the Company otherwise secures as a result of its ordinary cost/benefit marketing planning process. Accordingly, the Company's aggregate level of advertising, and the increased concentration of that advertising on NBC Universal network and cable channels, does not reflect what our advertising effort would otherwise be without these credits, which will expire on September 30, 2008 if not exhausted before then. As a result, management believes that treating the NBC Universal Advertising as an expense does not appropriately reflect its true cost/benefit relationship, nor does it best reflect the Company's long-term level of advertising expenditures. Nonetheless, while the benefits directly attributable to television advertising are always difficult to determine, and especially so with respect to the NBC Universal Advertising due to its incrementality and heavy concentration, it is likely that the Company does derive benefits from it, though management believes such benefits are generally less than those received through its regular advertising for the reasons stated above. Operating Income Before Amortization and Adjusted Net Income therefore have the limitation of including those benefits while excluding the associated expense.

Amortization of intangibles is a non-cash expense relating primarily to acquisitions. At the time of an acquisition, the intangible assets of the acquired company, such as supplier contracts and customer relationships, are valued and amortized over their estimated lives. While it is likely that we will have significant intangible amortization expense as we continue to acquire companies, we believe that since intangibles represent costs incurred by the acquired company to build value prior to acquisition, they were part of transaction costs.

Equity income or loss from IAC's 5.44% common interest in VUE was excluded from Adjusted Net Income and Adjusted EPS because IAC had no operating control over VUE, had no way to forecast this business, and did not consider the results of VUE in evaluating the performance of IAC's businesses. The gain from the sale in June 2005 of IAC's interests in VUE and related effects are excluded from Adjusted Net Income and Adjusted EPS for similar reasons.

Non-cash income or expense reflecting changes in the fair value of the derivatives created in the Expedia spin-off is excluded from Adjusted Net Income and Adjusted EPS because the obligations underlying these derivatives, which relate to the Ask Convertible Notes and certain IAC warrants, are expected to ultimately be settled in shares of IAC common stock and Expedia common stock, and not in cash.

Income or expense reflecting changes in the fair value of the derivative asset created in the sale of HSE24 is excluded from Adjusted Net Income and Adjusted EPS because the variations in the value of the derivative are non- operational in nature.

Free Cash Flow

We look at Free Cash Flow as a measure of the strength and performance of our businesses, not for valuation purposes. In our view, applying "multiples" to Free Cash Flow is inappropriate because it is subject to timing, seasonality and one-time events. We manage our business for cash and we think it is of utmost importance to maximize cash - but our primary valuation metrics are Operating Income Before Amortization and Adjusted EPS. In addition, because Free Cash Flow is subject to timing, seasonality and one- time events, we believe it is not appropriate to annualize quarterly Free Cash Flow results.

OTHER INFORMATION

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995

This press release and our conference call to be held at 11:00 a.m. Eastern Time today may contain "forward -looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The use of words such as "anticipates," "estimates," "expects," "intends," "plans" and "believes," among others, generally identify forward-looking statements. These forward-looking statements include, among others, statements relating to: IAC's future financial performance, IAC's business prospects and strategy, including the pending spin-off transactions, anticipated trends and prospects in the various industries in which IAC's businesses operate and other similar matters. These forward-looking statements are based on management's current expectations and assumptions about future events, which are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. Actual results could differ materially from those contained in these forward-looking statements for a variety of reasons, including, among others: changes in economic conditions generally or in any of the markets or industries in which IAC's businesses operate, changes in senior management at IAC and/or its businesses, risks relating to the contemplated spin-off transactions and related matters, including, among others, increased demands on senior management at IAC and it businesses, the rate of online migration in the various markets and industries in which IAC's businesses operate, technological changes, regulatory changes, changes in the interest rate environment or overall credit markets, a continuing or accelerating slowdown in the domestic housing market, increased credit losses relating to certain underperforming loans sold into the secondary market, effectiveness of hedging activities, changes affecting distribution channels, failure to comply with existing laws, our ability to offer new or alternative products and services in a cost effective manner and consumer acceptance of these products and services, changes in product delivery costs, changes in the advertising market and the ability of IAC to expand successfully in international markets. Certain of these and other risks and uncertainties are discussed in IAC's filings with the Securities and Exchange Commission ("SEC"). Other unknown or unpredictable factors that could also adversely affect IAC's business, financial condition and results of operations may arise from time to time. In light of these risks and uncertainties, these forward-looking statements may not prove to be accurate. Accordingly, you should not place undue reliance on these forward-looking statements, which only reflect the views of IAC management as of the date of this press release. IAC does not undertake to update these forward-looking statements.

About IAC

IAC is an interactive conglomerate operating more than 60 diversified brands in sectors being transformed by the internet, online and offline. To learn more about IAC please visit http://iac.com/.

Contact Us IAC Investor Relations Eoin Ryan (212) 314-7400 IAC Corporate Communications Stacy Simpson / Leslie Cafferty (212) 314-7280 / 7470 IAC

555 West 18th Street, New York, NY 10011 212.314.7300 Fax 212.314.7309 http://iac.com/

IAC

CONTACT: IAC Investor Relations, Eoin Ryan, +1-212-314-7400; or IAC
Corporate Communications, Stacy Simpson, +1-212-314-7280, or Leslie Cafferty,
+1-212-314-7470

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

China Shen Zhou Mining & Resources, Inc. Obtains Renewal of Fluorite Mining License in Inner Mongolia

BEIJING, April 30 /Xinhua-PRNewswire-FirstCall/ -- China Shen Zhou Mining & Resources, Inc. ("China Shen Zhou", or "the Company"), a leading company engaged in the exploration, development, mining and processing of fluorite, zinc, lead, copper, and other nonferrous metals in China, today announced that it has received approval for the renewal of its mining license at one of its subsidiaries, Inner Mongolia Xiangzhen Mining Co., Ltd ("Xiangzhen Mining"), from the Bureau of Land and Resources, Wulanchabu City. The period for the renewed license is three years, starting April 2008.

Xiangzhen Mining owns a high-grade fluorite mine in China, Sumochaganaobao Fluorite Mine, located in Siziwangqi, Wulanchabu City, Inner Mongolia Autonomous Region.

"We are very pleased to obtain the renewed mining license for fluorite in Inner Mongolia, especially when we are enjoying a favorable pricing environment amidst robust demands for fluorite products in China," said Ms. Jessica Yu, CEO and Chairwoman of China Shen Zhou. "We are committed to taking advantage of our new extraction and processing capacity with the renewed license."

About China Shen Zhou Mining & Resources, Inc.

China Shen Zhou Mining & Resources, Inc., through its subsidiary, American Federal Mining Group ("AFMG"), is engaged in the exploration, development, mining, and processing of fluorite and nonferrous metals such as zinc, lead and copper in China. The Company has the following principal areas of interest in China: (a) fluorite exploration and extraction in the Sumochaganaobao region of Inner Mongolia; (b) zinc/copper/lead exploration, mining and processing in Wulatehouqi of Inner Mongolia; and (c) zinc/copper exploration, mining and processing in Xinjiang. In addition, AFMG owns 100% of Kichi- Chaarat Closed Joint Stock Company, whose major assets include a copper-gold mine located in the Kuru-Tegerek region of western Kyrgyzstan.

For more information, please visit http://www.chinaszmg.com/ Safe Harbor Statement

Certain of the statements made in the press release constitute forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the use of forward- looking terminology such as "believe," "expect," "may," "will," "should," "project," "plan," "seek," "intend," or "anticipate" or the negative thereof or comparable terminology. Such statements typically involve risks and uncertainties and may include financial projections or information regarding our future plans, objectives or performance. Actual results could differ materially from the expectations reflected in such forward-looking statements as a result of a variety of factors, including the risks associated with the effect of changing economic conditions in The People's Republic of China, variations in cash flow, fluctuation in mineral prices, risks associated with exploration and mining operations, and the potential of securing additional mineral resources, and other risk factors detailed in reports filed with the Securities and Exchange Commission from time to time.

For more information, please contact: In China: Sterling Song Senior Investor Relations Manager China Shen Zhou Mining & Resources, Inc. Tel: +86-10-6887-2811 Email: investor@chinaszky.com Web: http://www.chinaszmg.com/ In the U.S.: Valentine Ding Investor Relations The Global Consulting Group Tel: +1-646-284-9412 Email: vding@hfgcg.com

China Shen Zhou Mining & Resources, Inc.

CONTACT: In China: Sterling Song, Senior Investor Relations Manager of
China Shen Zhou Mining & Resources, Inc., +86-10-6887-2811, or
investor@chinaszky.com; In the U.S.: Valentine Ding, Investor Relations of The
Global Consulting Group, +1-646-284-9412; or vding@hfgcg.com

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

Southern Company Reports Solid First Quarter Earnings

ATLANTA, April 30 /PRNewswire-FirstCall/ -- Southern Company today reported first quarter earnings of $359.2 million, or 47 cents a share, compared with $338.7 million, or 45 cents a share, in the same period a year ago.

(Logo: http://www.newscom.com/cgi-bin/prnh/20020207/SOCOLOGO )

Excluding the impact of synthetic fuel investments, Southern Company earned 47 cents a share for the first quarter of 2008, compared with 41 cents a share for the same period in 2007.

Despite a nationwide economic slowdown, the Southeast has experienced less of an impact than the rest of the country.

"Even though consumers in the Southeast and across the U.S. are paying higher prices for products and services, the cost of living in the Southeast, including electricity prices, continues to be among the lowest in the nation," said David M. Ratcliffe, Southern Company chairman, president and CEO. "While economic growth has slowed, new residents and new business and industry continue to move to our region."

Household growth in the Southern Company service territory has increased 1.8 percent in the past 12 months, compared with the nation at 1.0 percent. And population growth in the Southeast over the same 12-month period was 1.7 percent, versus the nation at 0.9 percent.

As a result, Southern Company has added nearly 50,000 customers since the end of the first quarter of 2007. This customer growth has driven increased usage, primarily in the residential and commercial sectors.

Other positive earnings drivers include increased revenue from market-response rates, and from state regulatory actions that support increased capital investment in transmission and distribution infrastructure and new environmental equipment. These investments are needed to help ensure that Southern Company continues to meet growing demand, maintain reliability and produce cleaner energy. The earnings drivers were offset in part by higher non-fuel operations and maintenance expenses and asset depreciation, primarily associated with the increased investment in environmental equipment and infrastructure.

Revenues for the first quarter of 2008 were $3.68 billion, compared with $3.41 billion in the same period a year ago, an 8 percent increase.

Kilowatt-hour sales to retail customers in Southern Company's four-state service area increased 1.4 percent in the first quarter, compared with the first quarter of 2007. Residential electricity sales increased 1.9 percent. Electricity sales to commercial customers increased 1.9 percent, and industrial sales increased 0.6 percent.

Total energy sales to Southern Company's customers in the Southeast, including wholesale sales, increased 1.4 percent in the first quarter of 2008 compared with the same period of 2007.

With nearly 4.4 million customers and more than 42,000 megawatts of generating capacity, Atlanta-based Southern Company is the premier energy company serving the Southeast, one of America's fastest-growing regions. A leading U.S. producer of electricity, Southern Company owns electric utilities in four states and a growing competitive generation company, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and retail electric prices that are significantly below the national average. Southern Company has been listed the top ranking U.S. electric service provider in customer satisfaction for eight consecutive years by the American Customer Satisfaction Index (ACSI). Visit our Web site at http://www.southerncompany.com/.

Cautionary Note Regarding Forward-Looking Statements:

Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning results of operations and customer and economic growth. Southern Company cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Southern Company; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Southern Company's Annual Report on Form 10- K for the year ended December 31, 2007, and subsequent securities filings, could cause results to differ materially from management expectations as suggested by such forward-looking information: the impact of recent and future federal and state regulatory change, including legislative and regulatory initiatives regarding deregulation and restructuring of the electric utility industry, implementation of the Energy Policy Act of 2005, environmental laws including regulation of water quality and emissions of sulfur, nitrogen, mercury, carbon, soot, or particulate matter and other substances, and also changes in tax and other laws and regulations to which Southern Company and its subsidiaries are subject, as well as changes in application of existing laws and regulations; current and future litigation, regulatory investigations, proceedings, or inquiries, including the pending EPA civil actions against certain Southern Company subsidiaries, FERC matters, IRS audits, and Mirant matters; the effects, extent, and timing of the entry of additional competition in the markets in which Southern Company's subsidiaries operate; variations in demand for electricity, including those relating to weather, the general economy, population and business growth (and declines), and the effects of energy conservation measures; available sources and costs of fuels; effects of inflation; ability to control costs; investment performance of Southern Company's employee benefit plans; advances in technology; state and federal rate regulations and the impact of pending and future rate cases and negotiations, including rate actions relating to fuel and storm restoration cost recovery; regulatory approvals related to the potential Plant Vogtle expansion, including Georgia PSC and NRC approvals; the performance of projects undertaken by the non-utility businesses and the success of efforts to invest in and develop new opportunities; internal restructuring or other restructuring options that may be pursued; potential business strategies, including acquisitions or dispositions of assets or businesses, which cannot be assured to be completed or beneficial to Southern Company or its subsidiaries; the ability of counterparties of Southern Company and its subsidiaries to make payments as and when due and to perform as required; the ability to obtain new short- and long-term contracts with neighboring utilities; the direct or indirect effect on Southern Company's business resulting from terrorist incidents and the threat of terrorist incidents; interest rate fluctuations and financial market conditions and the results of financing efforts, including Southern Company's and its subsidiaries' credit ratings; the ability of Southern Company and its subsidiaries to obtain additional generating capacity at competitive prices; catastrophic events such as fires, earthquakes, explosions, floods, hurricanes, droughts, pandemic health events such as an avian influenza, or other similar occurrences; the direct or indirect effects on Southern Company's business resulting from incidents similar to the August 2003 power outage in the Northeast; and the effect of accounting pronouncements issued periodically by standard setting bodies. Southern Company and its subsidiaries expressly disclaim any obligation to update any forward-looking information.

Southern Company Financial Highlights (In Millions of Dollars Except Earnings Per Share) 3 Months Ended March 2008 2007 Consolidated Earnings-As Reported (Notes) (Notes) (See Notes) Traditional Operating Companies $342 $285 Southern Power 29 32 Total 371 317 Synthetic Fuels (2) 28 Parent Company and Other (10) (6) Net Income - As Reported $359 $339 Basic Earnings Per Share - (See Notes) $0.47 $0.45 Average Shares Outstanding (in millions) 766 750 End of Period Shares Outstanding (in millions) 768 752 3 Months Ended March 2008 2007 Consolidated Earnings-Excluding Synfuels (See Notes) Net Income - As Reported $359 $339 Less: Synthetic Fuels 2 (28) Net Income-Excluding Synthetic Fuels $361 $311 Basic Earnings Per Share-Excluding Synfuels $0.47 $0.41 Significant Factors Impacting EPS 3 Months Ended March 2008 2007 Change Consolidated Earnings-As Reported $0.47 $0.45 $0.02 (See Notes) Significant Factors: Traditional Operating Companies 0.07 Southern Power - Synthetic Fuels (0.04) Parent Company and Other - Additional Shares (0.01) Total-As Reported $0.02 3 Months Ended March 2008 2007 Change Consolidated Earnings-Excluding Synfuels $0.47 $0.41 $0.06 (See Notes) Total-As Reported 0.02 Less: Synthetic Fuels 0.04 Total-Excluding Synthetic Fuels $0.06 Notes -- For the first quarter 2008 and 2007, diluted earnings per share was less than 1 cent per share. -- Tax credits associated with Southern Company's synthetic fuel investments expired December 31, 2007. Synthetic fuel related income no longer materially contributes to Southern Company's earnings or earnings per share. -- Certain prior year data has been reclassified to conform with current year presentation. -- Information contained in this report is subject to audit and adjustments. Certain classifications may be different from final results published in the Form 10-Q. Southern Company Analysis of Consolidated Earnings (In Millions of Dollars) 3 Months Ended March 2008 2007 Change Income Account- Retail Revenue- Fuel $1,203 $1,093 $110 Non-Fuel 1,803 1,651 152 Wholesale Revenue 514 481 33 Other Electric Revenues 130 121 9 Non-regulated Operating Revenues 33 63 (30) Total Revenues 3,683 3,409 274 Fuel and Purchased Power 1,545 1,381 164 Non-fuel O & M 897 848 49 Depreciation and Amortization 344 306 38 Taxes Other Than Income Taxes 189 183 6 Total Operating Expenses 2,975 2,718 257 Operating Income 708 691 17 Other Income, net 62 32 30 Interest Charges and Dividends 233 228 5 Income Taxes 178 156 22 NET INCOME (See Notes) $359 $339 $20 Kilowatt-Hour Sales (In Millions of KWHs) 3 Months Ended March Weather Adjusted As Reported (See Notes) 2008 2007 Change Change Kilowatt-Hour Sales- Total Sales 48,478 47,818 1.4% Total Retail Sales- 38,576 38,040 1.4% 1.2% Residential 12,703 12,464 1.9% 1.0% Commercial 12,505 12,276 1.9% 1.9% Industrial 13,135 13,060 0.6% 0.7% Other 233 240 -3.0% -2.9% Total Wholesale Sales 9,902 9,778 1.3% N/A Notes -- Certain prior year data has been reclassified to conform with current year presentation. -- Information contained in this report is subject to audit and adjustments. Certain classifications may be different from final results published in the Form 10-Q. Southern Company Financial Overview (In Millions of Dollars) 3 Months Ended March 2008 2007 % Change Consolidated - Operating Revenues $3,683 $3,409 8.0% Earnings Before Income Taxes 537 494 8.7% Net Income 359 339 6.1% Alabama Power - Operating Revenues $1,337 $1,197 11.7% Earnings Before Income Taxes 213 196 9.0% Net Income Available to Common 130 115 13.2% Georgia Power - Operating Revenues $1,865 $1,657 12.5% Earnings Before Income Taxes 264 203 30.2% Net Income Available to Common 176 131 34.1% Gulf Power - Operating Revenues $312 $296 5.2% Earnings Before Income Taxes 31 31 0.6% Net Income Available to Common 20 19 3.5% Mississippi Power - Operating Revenues $285 $257 11.1% Earnings Before Income Taxes 26 32 -18.3% Net Income Available to Common 16 20 -17.6% Southern Power - Operating Revenues $216 $192 12.0% Earnings Before Income Taxes 46 54 -14.3% Net Income Available to Common 29 32 -9.6% Notes -- Certain prior year data has been reclassified to conform with current year presentation. -- Information contained in this report is subject to audit and adjustments. Certain classifications may be different from final results published in the Form 10-Q.

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20020207/SOCOLOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Southern Company

CONTACT: Media: Terri Cohilas, +1-404-506-5333, or 1-866-506-5333,
media@southerncompany.com; Investors: Glen Kundert, +1-404-506-5135,
gakunder2@southernco.com, both of Southern Company

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

LoJack Corp. Reports First Quarter 2008 Results

WESTWOOD, Mass., April 30 /PRNewswire-FirstCall/ -- LoJack Corporation reported today that revenue for the first quarter ended March 31, 2008 declined 15% to $46.1 million, from $54.1 million in the same period a year ago.

Net income was $1.0 million for the first quarter, compared to $6.1 million for the same period a year ago, and earnings per fully diluted share were $0.05, compared to $0.32 in the same quarter a year ago.

In announcing the results, Richard T. Riley, Chairman and Chief Executive Officer said, "As we reviewed on April 2, our financial performance in the first quarter was directly affected by the continued domestic economic challenges, which have severely impacted the automotive industry, and by the timing of orders from our international licensees. Both revenue and earnings per fully diluted share for the quarter were consistent with our updated guidance of early April."

Gross margin dollars for the first quarter declined 20% to $23.8 million, compared to $29.7 million for the same quarter last year, while gross margin as a percentage of revenue was 52%, compared to 55% for the same period in 2007.

Mr. Riley said, "The refinements we made to our domestic business model, making it more flexible than in the past, enabled us to partially mitigate the effects of the decline in domestic auto sales on our financial performance. Our revenue and gross margin performance for the quarter reflects approximately $1.0 million decline in Absolute Software warrant revenue from the first quarter of 2007, primarily as a result of a decrease in Absolute's share price since the end of 2007. Year over year, the decline in Absolute Software warrant revenue contributed over 100 basis points to the decline in our gross margin as a percentage of revenue."

Domestic revenue in the first quarter declined 19% to $31.0 million from $38.3 million in the prior year, due to a 19% decline in unit volume. Domestic gross margin dollars for the quarter declined 24% over the prior year, while gross margin as a percentage of revenue was 52% compared to 55% for the first quarter of 2007.

Mr. Riley continued, "While all of our major geographic regions were impacted by the decline in domestic auto sales, unit volume declines were most acute in our western region. The automotive market in southern California continues to struggle. Since we are highly penetrated in southern California, our domestic auto unit volume declined at a pace that was disproportionately high, relative to the national trend of declining auto sales for the quarter. It is important to note that we believe our challenges are related to the fundamental issues in the domestic automotive industry. Our customer relationships remain strong and we have not experienced significant incursion by competitors. We continue to expect a decline in domestic auto sales for the year and, as a result, believe that our domestic unit sales volume will continue to be negatively impacted throughout the remainder of 2008."

International revenue in the first quarter declined 8% to $10.3 million, from $11.2 million in the prior year, reflecting a 10% decline in unit volume. International gross margin dollars declined 8% compared to the same period a year ago, while gross margin as a percentage of revenue was 54%, consistent with the first quarter of last year.

"Our international performance in the first quarter reflects the varying rate of orders from our international licensees. We continue to expect a solid double-digit increase in unit volume from our international business for the year with modest unit growth in the first half of the year and stronger unit growth during the second half of the year. We believe this growth will partially offset the impact resulting from the domestic economic challenges during this year," Mr. Riley said.

Boomerang Tracking had revenue of $4.9 million compared to $4.5 million for the same period of the prior year, primarily as a result of currency exchange rates. Boomerang gross margin dollars declined 5%, compared to the first quarter of 2007, and gross margin as a percentage of revenue was 46%, compared to 53% in the first quarter of 2007.

Mr. Riley said, "Boomerang continues to focus on the transition from analog to digital technology, which involves managing customer retention and continuing to roll out our more effective, but expensive next generation Boomerang technology.

"We will continue to diversify our business as part of our strategic plans for long term growth. The challenges in the domestic auto market further illustrate the need to enter new vertical markets, expand international operations and develop new products with global application.

"For 2008, we continue to expect revenue to be between $213 million and $218 million for the year, net income to be between $13 million and $15 million, earnings per fully diluted share to be between $0.75 and $0.85, and gross margin as a percentage of revenue to be approximately 55% for the year. Based on the domestic challenges we expect in the second quarter, we anticipate our full year results may be on the lower end of these ranges.

"These anticipated results reflect spending reductions related to reduced domestic volume expectations and our ongoing efforts to manage discretionary spending to partially mitigate domestic economic challenges. We will, however, continue to make investments in strategic programs to diversify the business and insure our long term growth."

In February of 2008, the LoJack Board of Directors authorized the repurchase of 1,000,000 shares under 10b5-1 trading plans. The Board also authorized additional stock repurchases up to 2,000,000, for a total repurchase authority of 3,000,000 shares. During the first quarter of 2008, the company repurchased approximately 485,000 shares at an average price of approximately $13 per share. As of March 31, 2008 the company had outstanding repurchase authorities of 703,000 shares under 10b5-1 trading plans and approximately 1,812,000 available for other repurchases.

About LoJack

LoJack Corporation, the company that invented the stolen vehicle recovery market, leverages its superior technology, direct connection with law enforcement and proven processes to be the global leader in tracking and recovering valuable mobile assets. The company's Stolen Vehicle Recovery System delivers a 90 percent success rate in tracking and recovering stolen cars and trucks and has helped recover more than $4 billion in stolen LoJack-equipped global assets. The system is uniquely integrated into law enforcement agencies in the United States that use LoJack's in-vehicle tracking equipment to recover stolen assets, including cars, trucks, commercial vehicles, construction equipment and motorcycles. Today, LoJack operates in 26 states and the District of Columbia, and in more than 30 countries throughout Europe, Africa, North America, South America and Asia.

To access the webcast of the company's conference call to be held at 9:00 AM ET, Wednesday, April 30, 2008, log onto http://www.lojack.com/ (click "About Us," "Investor Relations," and then click "Earnings Conference Call Webcast" under "Investor Resources" or visit http://www.videonewswire.com/event.asp?id=48045). An archive of the webcast will be available through http://www.lojack.com/ until superseded by the next quarter's earnings release and related webcast.

LoJack Corporation and Subsidiaries Condensed Income Statement Data (in millions, except share and per share amounts) Three Months Ended March 31, 2008 2007 (unaudited) Revenue $46.1 $54.1 Cost of goods sold 22.3 24.4 Gross margin 23.8 29.7 Costs and expenses: Product development 1.8 1.5 Sales & marketing 11.1 10.3 General and administrative 8.2 7.5 Depreciation and amortization 1.7 1.8 Total 22.8 21.1 Operating income 1.0 8.6 Other income (expense): Interest income 0.6 0.5 Interest expense (0.3) (0.2) Other 0.1 0.2 Total 0.4 0.5 Income before provision for income taxes 1.4 9.1 Provision of income taxes 0.4 3.0 Net income $1.0 $6.1 Diluted earnings per share $0.05 $0.32 Weighted average diluted common shares outstanding 18,380,911 19,105,487 LoJack Corporation Condensed Balance Sheets (in millions) March 31, December 31, 2008 2007 (unaudited) (audited) Assets Current Assets: Cash and equivalents $60.8 $56.6 Short-term investments 6.6 14.7 Accounts receivable, net 37.1 40.0 Inventories 16.7 14.8 Prepaid expenses and other 4.1 3.6 Deferred income taxes 6.0 5.5 Total current assets 131.3 135.2 Property and equipment, net 22.5 23.4 Deferred income taxes 9.0 8.5 Intangible assets, net 2.8 3.1 Goodwill 52.8 55.0 Other assets 19.6 20.6 Total $238.0 $245.8 Liabilities and stockholders' equity Current liabilities: Current portion of long-term debt $1.3 $- Accounts payable 7.8 7.6 Accrued and other liabilities 8.6 7.3 Current portion of deferred revenue 24.1 25.3 Accrued compensation 4.5 7.3 Total current liabilities 46.3 47.5 Long term debt 25.4 26.5 Deferred revenue 38.3 37.6 Deferred income taxes 1.0 1.1 Other accrued liabilities 2.1 2.1 Accrued compensation 2.5 2.7 Total liabilities 115.6 117.5 Commitments & Contingent Liabilities -- -- Stockholders' equity: Common stock 0.2 0.2 Additional paid in capital 20.0 25.7 Accumulated & other comp. inc. 8.0 9.2 Retained earnings 94.2 93.2 Total stockholders' equity 122.4 128.3 Total $238.0 $245.8

NOTE: The full text of this news release can be accessed for 30 days at http://www.prnewswire.com/. This news release as well as current financial statements may also be accessed on the Internet at http://www.lojack.com/. Each quarter's release is archived on the LoJack website under "Investor Relations" during the fiscal year (click "About Us ", then, click "Investor Relations", click "Quarterly Financial Releases"). The company's Annual Report, Form 10-Q and Form 10-K filings are also available on its website. Copies of the company's financial information, including news releases, may also be obtained by contacting Swanson Communications, Inc. at (516-671-8582)

Contact: Michael Umana Chief Financial Officer (781) 251-4712 John Swanson Swanson Communications, Inc., (516) 671-8582

LoJack Corporation

CONTACT: Michael Umana, Chief Financial Officer of LoJack Corporation,
+1-781-251-4712; John Swanson of Swanson Communications, Inc.,
+1-516-671-8582

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

Absolute Software Key To Stolen Laptop RecoveriesAbsolute Theft Recovery Team helps police crack down on laptop thefts

VANCOUVER, April 30 /PRNewswire-FirstCall/ -- Absolute(R) Software Corporation ("Absolute" or the "Company") (TSX: ABT), the leading provider of firmware-based, patented, Computer Theft Recovery, Data Protection and Secure Asset Tracking (TM) solutions today highlighted several recent recoveries made by the Absolute Theft Recovery Team in conjunction with law enforcement. The stories include: recovering its 220th computer on behalf of one of America's largest school districts, leading authorities to three allegedly dishonest baggage handlers at Tampa International Airport and identifying an alleged home invasion arsonist suspected of setting fire to the home of a northwest coast hospice nurse.

According to Lyle Singular, Area Vice President, Recovery Services, Absolute Software and 25-year law enforcement veteran, "As the embedded footprint of our Computrace(R) products has surged beyond 70 million computers, the importance of teaming Computrace technology with our licensed Theft Recovery Team has been magnified. Without our 650 years of combined law enforcement experience and tight relationships with local police forces, recovering thousands of computers each year would simply not be possible."

Available on a subscription basis and delivered as a service (SaaS) via the Internet, Absolute's suite of Computrace solutions are designed specifically to manage mobile computers. For organizations, Computrace inventories computers off the network, remotely deletes sensitive information and offers post-theft forensic analysis. Both Computrace and Absolute's home office product Computrace(R) LoJack(R) for Laptops are backed by the services of the Absolute Theft Recovery Team.

Below are several recent investigations conducted by the Absolute Theft Recovery Team in conjunction with local law enforcement:

Californian School District Laptop Recovered: One of 220 to Date

In an all-too-common scenario for K-12 school districts, thieves allegedly used a cutting device to force entry into a locked classroom and made off with a student notebook.

The school district, one of the largest in the United States, protects nearly 80,000 notebook computers with Computrace, and experienced IT staff reported the theft to Absolute's Theft Recovery Team.

The Theft Recovery Officer assigned to the case tracked the stolen computer across the country and monitored it as it settled in Memphis, Tennessee. Information sent from the stolen computer indicated that it was in the possession of a police suspect who had open warrants for assault with a deadly weapon, vandalism, domestic violence and theft. Before Memphis Police could close in and apprehend the suspect, the laptop abruptly moved and began reporting a new user and location. Police confronted the new owner and learned that she had purchased it from a local pawn shop but had returned it. Police detectives recovered the laptop and returned it to the school district - the 220th computer tracked and returned to the district with help from the Absolute Theft Recovery Team.

Baggage Handlers Arrested: Traveler's Notebook Recovered

When a notebook computer packed in baggage from Tampa International Airport failed to arrive at its destination, the notebook's owner, a Computrace LoJack for Laptops client, informed airport police and the Absolute Theft Recovery Team.

Information gathered by the Theft Recovery Team via Computrace led Tampa police to the home of a suspect. On further investigation, Police learned that the computer allegedly had been purchased from a Tampa International baggage handler for $350 and was only one of many items that had allegedly been stolen from baggage passing through the airport. Ultimately, police apprehended a total of three airport baggage handlers who are now facing charges of theft. The notebook computer has been returned to its owner.

Hospice Nurse Computer Recovered: Home Invasion Arsonist Sought

In a shocking crime, thieves allegedly forced entry into the home of a hospice nurse, stole the young woman's computer and attempted to burn down her residence in hopes of destroying evidence of their activities. The nurse, a field-based employee of a 60-facility northwest coast hospital system, reported the theft to police and hospital IT staff. The hospital system, who protects its 5,000 mobile computer population with Computrace, informed the Absolute Theft Recovery Team.

Using Computrace data, the Theft Recovery Officer assigned to the case tracked the computer to the home of a suspect. When confronted by Sheriff's Department officers, the suspect was surprised to learn the computer was stolen and reported having received it from the pastor of their local church. The pastor allegedly received the computer as a fund raising donation from another church member. Police continue the investigation and have now returned the computer to hospital system staff.

How Computrace Solutions Work

The Computrace(R) Software Agent that powers Absolute Software's solutions is embedded in the BIOS of computers from the world's leading computer manufacturers right at the factory(1). It can be activated by customers when they purchase a subscription with terms ranging from one to four years.

When a computer equipped with Computrace is reported stolen, Computrace sends a silent signal over the Internet to Absolute's Monitoring Center, providing critical location information. Absolute then works with local law enforcement to help recover the computer. Embedded in the firmware of a computer, the stealthy Computrace Agent is capable of surviving operating system re-installations, as well as hard-drive reformats, replacements and re-imaging.

For more information on Absolute Software and its range of Computer Theft Recovery, Data Protection and Secure Asset Tracking(TM) solutions, please visit http://www.absolute.com/ or http://www.lojackforlaptops.com/.

(1) For a complete list of BIOS-supported computers visit http://www.absolute.com/BIOS. Forward-Looking Statements

This press release contains forward-looking statements that involve risks and uncertainties. These forward-looking statements relate to, among other things, the expected performance of our services and products, intentions and plans contained in this press release that are not historical fact. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and general market conditions. In light of the many risks and uncertainties you should understand that we cannot assure you that the forward-looking statements contained in this press release will be realized.

(C)2007 Absolute Software Corporation. All rights reserved. Computrace and Absolute are registered trademarks of Absolute Software Corporation. All other trademarks are property of their respective owners. Computrace U.S. patents # 5,715,174, # 5,764,892, # 5,802,280, # 5,896,497, # 6,244,758, # 6,269,392, # 6,300,863, and # 6,507,914. Canadian patents # 2,284,806 and # 2,205,370. U.K. patents # EP793823 and # GB2338101. German patent # 695 125 34.6-08. Australian patent # 699045. The Toronto Stock Exchange has neither approved nor disapproved of the information contained in this news release.

Absolute Software Corporation

CONTACT: Public Relations: Leslie Campisi, Affect Strategies,
leslie@affectstrategies.com or (212) 398-9680 x144; Investor Relations: Dave
Mason, CFA, The Equicom Group, dmason@equicomgroup.com or (416) 815-0700 x237

Security Assessment of Extended Enterprises Made Easier With Enhanced Verizon Business Partner Security ProgramEnhancements Help Companies Address Challenging Security Requirements

BASKING RIDGE, N.J., April 30 /PRNewswire/ -- Extended enterprises can now better assess and manage their external partners' compliance with key security standards.

Verizon Business announced Wednesday (April 30) several enhancements to its Partner Security Program (PSP), which helps customers address the increased security risks associated with opening up corporate networks to partners, vendors, customers and other business units.

The enhancements consist of additional support for the Payment Card Industry Data Security Standard (PCI DSS), customized reporting capabilities across multiple security standards and regulations, as well as the ability to better manage supporting documentation. The enhanced program provides an extended enterprise -- a business and all its locations, customers, suppliers, partners and employees -- with a comprehensive view of its partners' information security activities and a Web-based platform for automated compliance management and reporting.

"Today's business model has drastically changed, with relationships and networks spanning the globe," said Kerry Bailey, vice president of Verizon Business Security Solutions. "While these intertwined global relationships can bring significant growth, they also introduce risk. Our program helps companies address these issues and meet their business imperative of securing the extended enterprise."

Keeping Ahead of the Security Curve

The newest version of PSP includes additional support for the credit card industry's security standards. A revamped user dashboard includes the latest PCI Self-Assessment Questionnaire (version 1.1), issued by the PCI Security Standards Council in February. The PCI questionnaire provides a validation tool for merchants and service providers to self-evaluate compliance with the standard.

Verizon Business has expanded reporting capabilities for PCI with a new executive summary that provides an immediate snapshot of how well a company's partners are complying with this standard. The updated dashboard also features a more granular view into vulnerability reporting.

In addition, customers using the PCI module can now take advantage of unlimited scans for registered IP addresses, checking for vulnerabilities as often as needed -- quarterly, weekly or even daily. According to industry experts, frequent scanning for vulnerabilities strengthens a company's overall security and compliance posture.

The newest version of PSP includes enhanced reporting capabilities that support PCI and a host of other security standards and regulations, including ISO 17799:2005, Gramm-Leach-Bliley (GLB) and Federal Financial Institutions Examination Council (FFIEC). As a result, customers can quickly review whether partners are complying with relevant standards and regulations, based on responses to self-attestation questionnaires.

Plus, partners can attach supporting documentation to question responses within the security compliance module. As a result, companies can easily share validating documentation with both internal and external assessors, simplifying the compliance-management process.

Verizon Business' expert professional security services team, as part of a comprehensive solution, can perform detailed reviews, analysis and recommendations, as needed.

Verizon Business Security Solutions Powered by Cybertrust

Enterprises and government agencies rely on Verizon Business to help them manage security risk and protect critical company assets. Verizon Business Security Solutions offers a comprehensive portfolio of security services that include threat and vulnerability management; identity management; security and compliance programs; and security strategy and consultation. The more than 1,100 security professionals around the globe deliver these offerings through a range of managed services, professional services and products. More information is available by visiting http://www.verizonbusiness.com/us/security . Information specific to the Partner Security Program is available at http://www.verizonbusiness.com/us/products/security/compliance/partner .

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

Verizon Business

CONTACT: Brianna Carroll Boyle of Verizon Business, +1-703-886-7093,
brianna.boyle@verizon.com

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

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

Global Crossing Achieves 'Cisco Powered' Designations in Managed ConnectivityBecomes Worldwide Channel Partner for its Managed IP VPN and Managed DIA Services

FLORHAM PARK, N.J., April 30 /PRNewswire-FirstCall/ -- Global Crossing , a leading global IP solutions provider, today announced that it has received Cisco(R) Powered designations for Global Crossing Managed Internet Protocol Virtual Private Network (IP VPN) Service and Global Crossing Managed Dedicated Internet Access (DIA) Service. These names correspond with the Cisco-defined service types of Managed Multiprotocol Label Switching Virtual Private Network (MPLS VPN) and Managed Internet services, as featured in the "Find a Recommended Service Provider" quick link at http://www.cisco.com/. These designations recognize Global Crossing for having acquired the Cisco technology to help deploy, manage and support these services globally as standard elements of Global Crossing Managed Network Services.

"We've enjoyed ever-growing success with Global Crossing Managed Network Services, and this recognition should further accelerate that positive trend," said Gary Breauninger, Global Crossing's chief marketing officer. "By achieving these Cisco Powered Managed Services designations, we have proven our ability create and deliver high-value managed service offerings to our customers."

Services designated as Cisco Powered are designed to deliver a high-quality, customizable service experience, making it easier for businesses to make the right decision when purchasing technology as a service. The following Global Crossing Managed Network Services have been designated based on specific requirements set by Cisco:

-- Global Crossing Managed IP VPN Service uses Cisco infrastructure to enable private IP networks featuring high-quality, high-security and any-to-any connectivity. The service delivers appropriate levels of latency, jitter and packet loss to ensure the successful concurrent handling of multiple types of traffic, especially voice and video, from customer site to customer site. As a Cisco Powered-designated managed service, it is based on the Cisco IP NGN architecture, MPLS, and Cisco Design and Implementation Guides. -- Global Crossing Managed DIA Service is designed to deliver connectivity for users regardless of location and access methods. It is backed by comprehensive service-level agreements (SLAs) covering the overall performance of the service, and online access to real-time and historical service-performance reports. As a Cisco Powered-designated managed Internet service, this service is based on the Cisco Self- Defending Network architecture and is built upon industry-leading security for the network infrastructure.

"Adopting managed services allows companies to align IT and business goals, enabling them to focus scarce internal resources on their core competencies while servicing day-to-day IT infrastructure and operational needs through technology delivered as a service. More of our partners are fulfilling this market need by delivering flexible services based on Cisco Internet Protocol Next-Generation Networks," said Al Safarikas, director of worldwide service provider marketing at Cisco. "Based on a consistent global framework, Cisco Powered designations indicate that Global Crossing has invested in the skills and technology required to more easily meet customers' growing demand for managed services and to differentiate their offerings in the market."

Cisco Powered Managed Service designation requirements are based on the Information Technology Infrastructure Library(R) (ITIL) framework of best practices, as well as market and industry requirements.

ABOUT GLOBAL CROSSING

Global Crossing provides telecommunications solutions over the world's first integrated global IP-based network. Its core network connects approximately 390 cities in more than 30 countries worldwide, and delivers services to approximately 690 cities in more than 60 countries and 6 continents around the globe. The company's global sales and support model matches the network footprint and, like the network, delivers a consistent customer experience worldwide.

Global Crossing IP services are global in scale, linking the world's enterprises, governments and carriers with customers, employees and partners worldwide in a secure environment that is ideally suited for IP-based business applications, allowing e-commerce to thrive. The company offers a full range of data, voice and security products to approximately 40 percent of the Fortune 500, as well as 700 carriers, mobile operators and ISPs. Its Professional Services and Managed Solutions provide VoIP, security and network consulting and management services to support its Global Crossing IP VPN service and Global Crossing VoIP services. Global Crossing was the first global communications provider with IPv6 natively deployed in both its private and public backbone networks.

Please visit http://www.globalcrossing.com/ or blogs.globalcrossing.com/ for more information about Global Crossing.

Global Crossing will be recognized as a Managed Services Channel Program Partner in the Cisco Partner Locator, located at http://tools.cisco.com/WWChannels/LOCATR/jsp/partner_locator.jsp

Cisco, the Cisco logo, and Cisco Systems are registered trademarks of Cisco Systems Inc. in the United States and certain other countries.

Statements in this press release about expected future events and financial results are forward-looking and subject to risks and uncertainties that could cause the actual results to differ materially, including risks referenced from time to time in the company's filings with the Securities and Exchange Commission. Global Crossing undertakes no duty to update information contained in this press release or in other public disclosures at any time.

CONTACT GLOBAL CROSSING: Press Contacts Rich Larris + 1 973 937 0153 PR@globalcrossing.com Fernanda Marques Latin America + 55 11 3957 2042 LatAmPR@globalcrossing.com Analysts/Investors Contact Suzanne Lipton + 1 800 836 0342 glbc@globalcrossing.com GEN/PR1

Global Crossing

CONTACT: Press: Rich Larris, + 1-973-937-0153, PR@globalcrossing.com, or
Fernanda Marques, Latin America, + 55 11 3957 2042,
LatAmPR@globalcrossing.com, or Analysts/Investors: Suzanne Lipton,
+1-800-836-0342, glbc@globalcrossing.com

Web site: http://www.globalcrossing.com/
http://www.cisco.com/
http://blogs.globalcrossing.com/

China Sunergy to Announce First Quarter 2008 Results on May 20

NANJING, China, April 30 /Xinhua-PRNewswire/ -- China Sunergy Co., Ltd. , a specialized solar cell manufacturer based in Nanjing, China, today announced that it will report financial results for its first quarter 2008 on May 20 2008 (prior to US market open).

The earnings announcement conference call will take place at 5:00 a.m. Pacific Time / 8:00 a.m. Eastern Time (Beijing / Hong Kong Time: May 20, 2008 at 8:00 p.m.). The management team will be on the call to discuss the results and highlights of the quarter and answer questions.

The call with be available online at http://www.chinasunergy.com/ The dial-in details for the live conference call are as follows: U.S toll free number: + 1 866 356 3377 International: + 1 617 597 5392 Passcode: 40930870

For those who cannot access the live broadcast, a replay will be available online and from two hours after the end of the call until June 2, 2008. Please dial:

U.S toll free number: + 1 888 286 8010 International: + 1 617 801 6888 Passcode: 66841138 About China Sunergy Co. Ltd

China Sunergy Co., Ltd. ("China Sunergy") is a leading manufacturer of solar cell products in China as measured by production capacity. China Sunergy manufactures solar cells from silicon wafers utilizing crystalline silicon solar cell technology to convert sunlight directly into electricity through a process known as the photovoltaic effect. China Sunergy sells solar cell products to Chinese and overseas module manufacturers and system integrators, who assemble solar cells into solar modules and solar power systems for use in various markets. For more information please visit http://www.chinasunergy.com/ .

For further information, please contact: FD Julian Wilson Tel: +86-10-8591-1951 Email: julian.wilson@fd.com Peter Schmidt Tel: +86-10-8591-1953 Email: peter.schmidt@fd.com

China Sunergy Co., Ltd.

CONTACT: Julian Wilson, +86-10-8591-1951, or julian.wilson@fd.com; Or
Peter Schmidt, +86-10-8591-1953, or peter.schmidt@fd.com, both of FD

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

Wireless Phone Users in Saginaw County, Michigan Now Experience Even Clearer Reception and Fewer Dropped CallsVerizon Wireless Activates New Cell Sites in Chesaning and Bridgeport

CHESANING, Mich., April 30 /PRNewswire/ -- Verizon Wireless has activated two new cell sites in Chesaning and Bridgeport that expand network coverage and increase capacity, enabling more customers to use their wireless phones concurrently to make calls; send and receive email and text, picture and video messages; download music, games and ringtones; view high-quality videos and browse the mobile Internet, while enjoying clearer reception and fewer dropped calls.

The new cell sites improve Verizon Wireless' voice and data network coverage along State Route 57 between Montrose and Chesaning and also along Interstate 75 between Birch Run and Bridgeport.

"Our customers choose Verizon Wireless and stay with us because we deliver on our commitment to provide a reliable network," said Greg Haller, president- Michigan/Indiana/Kentucky Region, Verizon Wireless. "We'll continue investing in our network here in Michigan as well as across the nation so that our customers can rely on their wireless phones everywhere they go."

These new cell sites are part of Verizon Wireless' continual effort to expand coverage, increase capacity and enhance the quality of its wireless voice and data network in Michigan and throughout the country. Verizon Wireless has invested more than $45 billion since it was formed-$5.5 billion on average every year-to increase the coverage and capacity of its national network and to add new services. More than $1 billion of this investment has been spent in Michigan since 2000. In 2007, the company invested more than $145 million in Michigan network improvements.

About Verizon Wireless

Verizon Wireless operates the nation's most reliable wireless voice and data network, serving 67.2 million customers. Headquartered in Basking Ridge, N.J., with 69,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications and Vodafone (NYSE and LSE: VOD). For more information, go to http://www.verizonwireless.com/. To preview and request broadcast- quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at http://www.verizonwireless.com/multimedia.

Verizon Wireless

CONTACT: Michelle Gilbert of Verizon Wireless, +1-248-915-3680,
michelle.gilbert@verizonwireless.com; Adam Zielke for Verizon Wireless,
+1-248-855-6777, azielke@marxlayne.com

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

Concur Appoints Rajeev Singh to Board of Directors

REDMOND, Wash., April 30 /PRNewswire-FirstCall/ -- Concur the world's leading provider of on-demand business services that automate Employee Spend Management, today announced the appointment of Rajeev Singh to its Board of Directors.

"There are very few people who are as passionate about Concur's mission as Rajeev," said Concur chairman and CEO Steve Singh. "As president and COO of Concur since 2005, Rajeev has assembled a world-class team that is executing on all phases of the business. The addition of Rajeev to an already highly talented and dynamic board ensures that Concur is well-positioned to further build on its leadership position in the Employee Spend Management market."

Currently, Rajeev Singh serves as president and COO of Concur. In this role, he is responsible for helping to define the corporate strategy and for ensuring that the operating groups align and execute against the company's revenue, customer acquisition and satisfaction, and profitability targets. He has been the company's President since 2005, and COO since 2003. Prior to that, he worked in numerous capacities at Concur, including heading the marketing, sales, and client services organizations. Mr. Singh co-founded Concur with Michael Hilton in 1993. Prior to that, he worked in engineering with Ford Motor Company and General Motors Corporation. He holds a B.S.E. from Western Michigan University.

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, +1-425-452-5468,
sjohansen@webershandwick.com, or Joe Walton, +44 207 067 0511,
jwalton@webershandwick.com, both of Weber Shandwick for Concur

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

Garmin Reports Record First Quarter; Strong Margins and Increased Market Share

CAYMAN ISLANDS, April 30 /PRNewswire-FirstCall/ -- Garmin Ltd. today announced a record quarter ended March 29, 2008.

(Logo: http://www.newscom.com/cgi-bin/prnh/20061026/CGTH082LOGO) First Quarter 2008 Financial highlights: -- Total revenue of $664 million, up 35% from $492 million in first quarter 2007 -- Automotive/Mobile segment revenue increased 43% to $452 million in first quarter 2008 -- Marine segment revenue increased 30% to $56 million in first quarter 2008 -- Aviation segment revenue increased 19% to $85 million in first quarter 2008 -- Outdoor/Fitness segment revenue increased 16% to $71 million in first quarter 2008 -- All geographic areas experienced healthy growth: -- North America revenue was $411 million compared to $323 million, up 27% -- Europe revenue was $211 million compared to $148 million, up 43% -- Asia revenue was $42 million compared to $21 million, up 100% -- Gross margin increased sequentially and held steady year-over-year, with first quarter 2008 at 48.2%, compared to 48.3% in first quarter 2007; -- Operating margin increased sequentially and declined slightly year-over-year, with first quarter 2008 at 26.0%, compared to 28.1% in first quarter 2007. -- Earnings per share increased 5% to $0.67 from $0.64 in first quarter 2007; excluding foreign exchange, EPS increased 17% to $0.69 from $0.59 in the same quarter in 2007. Business highlights: -- Triple-digit unit growth in the PND market in both North America and Europe, reinforcing that Garmin is the market leader. -- Market research indicates Garmin's PND market share in North America remains relatively stable, while European market share is increasing, a benefit of our European distributor acquisitions. -- Announced nuvifone(TM), a revolutionary new device that seamlessly integrates navigation, communication and full-featured web browsing in one elegant device. The nuvifone continues to generate interest from wireless carriers and the public. -- Also announced a number of leading-edge devices at the Consumer Electronics Show in Las Vegas, with compelling features like speech recognition and dynamic second-generation MSN Direct content, as well as next generation fitness and outdoor handheld units. -- Completion on our new 187,000 sq. ft. U.S. warehouse addition, which more than doubles our capacity. -- Purchased approximately 1.4 million shares of GRMN in the first quarter. Executive overview from Dr. Min Kao, Chairman and Chief Executive Officer:

"We are pleased with our performance in the first quarter, particularly given the general slowdown in the global economy. Demand for our automotive/mobile products continued beyond the traditionally strong fourth quarter holiday season, with another quarter of robust triple-digit growth. While the first quarter is typically our slowest quarter, we were nonetheless able to achieve healthy growth in each of our business segments and each geographic area.

We look forward to a successful second quarter, with an array of new and exciting portable navigation and outdoor/fitness devices becoming available, including:

-- The nuvi(R) 800 series, which offers industry-leading speech recognition technology and enhanced MSN Direct data services -- The nuvi 900 family, a navigation device that integrates digital television for mobile consumers -- The Forerunner(R) 405, a fitness device that integrates new wireless features in a watch form factor -- The Colorado(TM) series of outdoor navigators, featuring an innovative scroll wheel and pre-loaded maps with 3-D mapping presentations

These new product introductions represent significant advances in technology, with features and functions that we believe customers will find compelling. Furthermore, we are in continuing talks with a number of wireless carriers in our primary markets who are interested in nuvifone. We believe this new device will change the way people connect, communicate, and navigate their mobile world. Nuvifone also marks a significant step for our company, and one that we feel positions us for long-term, sustainable growth.

Response to our revolutionary new line of marine products continues to be very positive. We are very pleased with the 30% growth we have achieved in the first quarter. The expansion of our product lines, including marine instruments and large screen, network chartplotters have expanded our OEM and aftermarket marine opportunities.

The new Colorado series of handheld devices and our redesigned Forerunner 405 have generated a great deal of excitement in our outdoor/fitness business. These products are becoming available just as people are venturing outdoors again, and we expect to announce additional new devices in this business segment in the coming months.

Our aviation segment is poised for new growth, thanks to new products and innovations like the FAA's supplemental type certification for Garmin Synthetic Vision Technology (SVT(TM)), which is designed to integrate with our acclaimed G1000 avionics suite. This technology presents a 3D depiction of terrain, obstacles and traffic on the G1000's primary flight-display so that the avionics panel replicates what pilots would see outside the cockpit on a clear day -- another leap forward in situational awareness. These announcements as well as our continuing work to roll out additional OEM platforms, including the Embraer Phenom 100, have us optimistic about aviation opportunities during the second half of 2008."

Financial overview from Kevin Rauckman, Chief Financial Officer:

"Overall we are pleased with our financial results for the first quarter, and we remain focused on the operational efficiency of our business," said Kevin Rauckman, chief financial officer of Garmin Ltd. "Our revenue and earnings per share during the first quarter grew 35% and 5% respectively. Excluding the impact of foreign exchange, EPS for the quarter grew 17%, from $0.59 to $0.69. Automotive/mobile segment's first quarter revenues increased 43% compared to the prior year and our marine segment revenue grew 30%, thanks to the continued acceptance of our new product lineup.

Gross margin for the overall business remained stronger than we had anticipated in the first quarter. The auto/mobile segment margin stayed flat at 43% when compared to the first quarter of 2007, as we achieved raw material cost savings and operational efficiencies. Our marine gross margins improved to 58%, compared to 49% during first quarter 2007, thanks to heavy interest in our new and innovative product mix. Our outdoor/fitness category and aviation segment gross margins remained stable during the first quarter at 53% and 64%, respectively.

Operating margin declined 130 basis points in our auto/mobile segment in the first quarter of 2008 when compared with the year-ago quarter but were steady at 24% when compared to the fourth quarter 2007. Our marine segment operating margins improved to 32%, compared with 26% one year ago. Operating margins declined in our aviation segment to 33%, which is attributable to additional R&D investments in the growing business jet market. Likewise, our outdoor/fitness segment declined to 27%, compared to 35% in the first quarter of 2007, which is attributable to discounts on some of our older products to make way for our newer fitness and outdoor handheld devices.

We maintained our strong cash flow and cash position. We generated $166 million of free cash flow in the first quarter of 2008, resulting in a cash and marketable securities balance of $1.2 billion at the end of the quarter.

We experienced an increase in the effective tax rate to 19 percent for the first quarter and we now expect this rate for fiscal 2008. The primary reason for the increase was a change in tax law related to the repatriation of earnings from our Taiwan subsidiary."

Fiscal 2008 Outlook

We remain optimistic about the long-term success of our business and our ability to serve customers and distributors around the world. While we are pleased with our strong performance in the first quarter, it is important to note that the global economic slowdown has impacted companies across the board. We will continue to monitor the economic climate closely. As in previous years, we intend to provide a formal update to our fiscal 2008 financial expectations during the second quarter 2008 earnings conference call.

Non-GAAP Measures Net income (earnings) per share, excluding foreign currency

Management believes that net income per share before the impact of foreign currency translation gain or loss is an important measure. The majority of the company's consolidated foreign currency translation gain or loss results from translation into New Taiwan dollars at the end of each reporting period of the significant cash and marketable securities, receivables and payables held in U.S. dollars by the company's Taiwan subsidiary. Such translation is required under GAAP because the functional currency of this subsidiary is New Taiwan dollars. However, there is minimal cash impact from such foreign currency translation and management expects that the Taiwan subsidiary will continue to hold the majority of its cash, cash equivalents and marketable securities in U.S. dollars. Accordingly, earnings per share before the impact of foreign currency translation gain or loss allows an assessment of the company's operating performance before the non-cash impact of the position of the U.S. dollar versus the New Taiwan dollar, which permits a consistent comparison of results between periods.

The following table contains a reconciliation of GAAP net income per share to net income per share excluding the impact of foreign currency translation gain or loss.

Garmin Ltd. And Subsidiaries Net income per share, excluding FX (in thousands, except per share information) 13-Weeks Ended March 29, March 31, 2008 2007 Net Income (GAAP) $147,779 $139,860 Foreign currency (gain) / loss, net of tax effects $3,239 ($11,478) Net income, excluding FX $151,018 $128,382 Net income per share (GAAP): Basic $0.68 $0.65 Diluted $0.67 $0.64 Net income per share, excluding FX: Basic $0.70 $0.59 Diluted $0.69 $0.59 Weighted average common shares outstanding: Basic 216,505 216,215 Diluted 218,979 218,704 Free cash flow

Management believes that free cash flow is an important financial measure because it represents the amount of cash provided by operations that is available for investing and defines it as operating cash flow less capital expenditures for property and equipment.

The following table contains a reconciliation of GAAP net cash provided by operating activities to free cash flow.

Garmin Ltd. And Subsidiaries Free Cash flow (in thousands) 13-Weeks Ended March 29 March 31 2008 2007 Net cash provided by operating activities $192,465 $168,670 Less: purchases of property and equipment ($26,690) ($12,399) Free Cash Flow $165,775 $156,721 Earnings Call Information The information for Garmin Ltd.'s earnings call is as follows: When: Wednesday, April 30, 2008 at 11:00 a.m. Eastern Where: http://www.garmin.com/aboutGarmin/invRelations/irCalendar.html How: Simply log on to the web at the address above or call to listen in at (800) 891-6383 in the U.S. and Canada, or (706) 643-9558 for international participants; conference ID #42452953 Contact: investor.relations@garmin.com

A phone recording will be available for three business days following the earnings call and can be accessed by dialing (800) 642-1687 or (706) 645-9291 and utilizing the access code #42452953. An archive of the live webcast will be available until May 30, 2008 on the Garmin website at http://www.garmin.com/. To access the replay, click on the Investor Relations link and click over to the Events Calendar page.

This release includes projections and other forward-looking statements regarding Garmin Ltd. and its business. Any statements regarding the company's estimated earnings and revenue for fiscal 2008, the Company's expected segment revenue growth rate, margins, new products to be introduced in 2008 and the company's plans and objectives are forward-looking statements. The forward- looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of risk factors affecting Garmin, including, but not limited to, the risk factors that are described in the Annual Report on Form 10-K for the year ended December 29, 2007 filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983). A copy of Garmin's 2007 Form 10-K can be downloaded from http://www.garmin.com/aboutGarmin/invRelations/finReports.html.

The global leader in satellite navigation, Garmin Ltd. and its subsidiaries have designed, manufactured, marketed and sold navigation, communication and information devices and applications since 1989 -- most of which are enabled by GPS technology. Garmin's products serve automotive, mobile, wireless, outdoor recreation, marine, aviation, and OEM applications. Garmin Ltd. is incorporated in the Cayman Islands, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. For more information, visit Garmin's virtual pressroom at http://www.garmin.com/pressroom or contact the Media Relations department at 913-397-8200. Garmin, nuvi, and Forerunner are registered trademarks, and nuvifone and Colorado and are trademarks of Garmin Ltd. or its subsidiaries.

All other brands, product names, company names, trademarks and service marks are the properties of their respective owners. All rights reserved.

Garmin Ltd. And Subsidiaries Condensed Consolidated Balance Sheets (Unaudited) (In thousands, except share information) March 29, December 29, 2008 2007 Assets Current assets: Cash and cash equivalents $598,815 $707,689 Marketable securities 17,976 37,551 Accounts receivable, net 515,648 952,513 Inventories, net 676,051 505,467 Deferred income taxes 98,506 107,376 Prepaid expenses and other current assets 24,129 22,179 Total current assets 1,931,125 2,332,775 Property and equipment, net 392,001 374,147 Marketable securities 542,937 386,954 Restricted cash 1,565 1,554 Licensing agreements, net 13,236 14,672 Other intangible assets, net 202,534 181,358 Total assets $3,083,398 $3,291,460 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $213,766 $341,053 Salaries and benefits payable 34,618 31,696 Accrued warranty costs 72,751 71,636 Other accrued expenses 129,415 280,603 Income taxes payable 16,163 76,895 Total current liabilities 466,713 801,883 Deferred income taxes 12,123 11,935 Non-current taxes 136,137 126,593 Other liabilities 980 435 Stockholders' equity: Common stock, $0.005 par value, 1,000,000,000 shares authorized: Issued and outstanding shares - 215,648,000 as of March 29, 2008 and 216,980,000 as of December 29, 2007 1,079 1,086 Additional paid-in capital 54,502 132,264 Retained earnings 2,318,914 2,171,134 Accumulated other comprehensive income 92,950 46,130 Total stockholders' equity 2,467,445 2,350,614 Total liabilities and stockholders' equity $3,083,398 $3,291,460 Garmin Ltd. And Subsidiaries Condensed Consolidated Statements of Income (Unaudited) (In thousands, except per share information) 13-Weeks Ended March 29, March 31, 2008 2007 Net sales $663,805 $492,159 Cost of goods sold 343,690 254,407 Gross profit 320,115 237,752 Selling, general and administrative expense 97,825 65,925 Research and development expense 49,558 33,503 147,383 99,428 Operating income 172,732 138,324 Other income (expense): Interest income 8,404 9,359 Interest expense (77) (32) Foreign currency (3,999) 13,205 Other 5,383 51 9,711 22,583 Income before income taxes 182,443 160,907 Income tax provision 34,664 21,047 Net income $147,779 $139,860 Net income per share: Basic $0.68 $0.65 Diluted $0.67 $0.64 Weighted average common shares outstanding: Basic 216,505 216,215 Diluted 218,979 218,704 Garmin Ltd. And Subsidiaries Condensed Consolidated Statements of Cash Flows (Unaudited) (In thousands) 13-Weeks Ended March 29, March 31, 2008 2007 Operating Activities: Net income $147,779 $139,860 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation 9,861 6,213 Amortization 7,775 9,872 Loss (gain) on sale of property and equipment (1) 27 Provision for doubtful accounts 350 991 Deferred income taxes 17,067 2,159 Foreign currency transaction gains/losses 64,946 (13,052) Provision for obsolete and slow moving inventories 11,669 8,156 Stock compensation expense 9,124 3,955 Realized gains on marketable securities (5,245) - Changes in operating assets and liabilities, net of acquisitions: Accounts receivable 458,821 84,886 Inventories (169,501) (16,772) Other current assets 9,946 2,947 Accounts payable (159,590) 6,252 Other current and non-current liabilities (137,588) (34,628) Income taxes payable (60,701) (11,993) Purchase of licenses (12,247) (20,203) Net cash provided by operating activities 192,465 168,670 Investing activities: Purchases of property and equipment (26,690) (12,399) Proceeds from sale of property and equipment 8 - Purchase of intangible assets (2,562) (1,564) Purchase of marketable securities (265,758) (102,197) Redemption of marketable securities 102,374 153,924 Change in restricted cash (11) (4) Acquisitions, net of cash acquired (23,725) (68,902) Net cash used in investing activities (216,364) (31,142) Financing activities: Proceeds from issuance of common stock 1,524 2,842 Stock repurchase (90,050) - Payments on long term debt 0 (14) Tax benefit related to stock option exercise 1,633 2,190 Net cash provided by/(used in) financing activities (86,893) 5,018 Effect of exchange rate changes on cash and cash equivalents 1,918 (487) Net increase/(decrease) in cash and cash equivalents (108,874) 142,059 Cash and cash equivalents at beginning of period 707,689 337,321 Cash and cash equivalents at end of period $598,815 $479,380 Garmin Ltd. And Subsidiaries Revenue, Gross Profit, and Operating Income by Segment Reportable Segments Outdoor/ Auto/ Fitness Marine Mobile Aviation Total 13-Weeks Ended March 29, 2008 Net Sales $70,495 $56,006 $451,859 $85,445 $663,805 Operating income $19,311 $17,836 $107,641 $27,944 $172,732 Income before taxes $20,447 $19,333 $112,304 $30,359 $182,443 13-Weeks Ended March 31, 2007 Net Sales $60,527 $43,004 $316,626 $72,002 $492,159 Operating Income $21,209 $11,294 $79,525 $26,296 $138,324 Income before taxes $24,783 $13,085 $95,145 $27,894 $160,907

Photo: http://www.newscom.com/cgi-bin/prnh/20061026/CGTH082LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Garmin Ltd.

CONTACT: investors, Kerri Thurston, +1-913-397-8200,
investor.relations@garmin.com, or media, Ted Gartner, +1-913-397-8200,
media.relations@garmin.com, both of Garmin Ltd.

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

CDI Corp. Reports First Quarter 2008 Net Earnings of $0.39 per Diluted Share and Announces Dividend

PHILADELPHIA, April 30 /PRNewswire-FirstCall/ -- CDI Corp. today reported net earnings for the first quarter ended March 31, 2008 and announced a quarterly cash dividend.

For the quarter ended March 31, 2008, the company reported net earnings from continuing operations of $7.9 million, or $0.39 per diluted share, on revenue of $293.9 million versus $8.0 million, or $0.40 per diluted share, on revenue of $293.9 million in the prior-year quarter. First quarter 2008 net earnings included a pre-tax charge of $0.6 million for reserves related to an international master licensee of MRI Worldwide Network Limited. First quarter 2007 net earnings included a previously-disclosed $1.6 million pre-tax reversal of a legal accrual. When adjusting for these items, year-over-year net earnings from continuing operations for the first quarter 2008 would have increased by 18.2%. (See attached table for reconciliation).

"As anticipated, year-over-year revenue momentum slowed during the quarter driven primarily by continued softness in IT staffing and some reductions in lower-margin engineering work. We also saw flattening of permanent placement activity at MRI and Anders as client uncertainty led to delayed hiring decisions," said President and Chief Executive Officer, Roger H. Ballou. "We are pleased, however, that our strategic focus on higher-margin, longer-cycle services continues to produce gross profit margin momentum on a year-over-year basis. Revenue growth in our higher-margin businesses produced a solid overall gross profit increase of $3.2 million or 4.7%."

The company also announced a quarterly dividend of $0.13 per share to be paid on May 28, 2008 to all shareholders of record as of May 14, 2008.

Additionally, the company reported that it repurchased 72,400 shares of its common stock for a total of $1.8 million during the first quarter of 2008 under the previously-announced Board-authorized repurchase program of up to $50 million of the company's outstanding common stock.

Business Segment Discussion

The CDI Engineering Solutions segment reported a 3.7% increase in first quarter revenue compared to the year-ago quarter driven by growth in the Process & Industrial and Government Services verticals. Operating profit increased 13.3% due to revenue growth, an increased mix of higher-margin engineering project business and growth in permanent placement. Operating profit growth, when adjusted for the previously-mentioned $1.6 million reversal of a legal accrual in the first quarter of 2007, would have been approximately 36% on a year-over-year basis.

Management Recruiters International, Inc.'s (MRI) first quarter revenue increased by 21.4% versus the prior-year quarter driven by strong growth in contract staffing services revenue. Operating profit declined by 32.2% versus the year-ago quarter driven by the aforementioned charge to earnings of $0.6 million and a decline in royalty revenue. This decline in royalties was driven by sequential slowdowns in consumer products and services and in the industrial and manufacturing sectors.

Revenue at U.K.-based AndersElite was essentially flat versus the prior- year quarter, both in dollars and on a constant currency basis. This reflects softness in permanent placement and contract staffing services demand in the U.K., offsetting strong growth in Australia. Operating profit increased by 3.0% over the first quarter of 2007 driven by effective expense controls and improved productivity, as well as growth in the Australian market.

CDI IT Solutions revenue declined by 14.1% versus the year-ago quarter reflecting decreases in contract staffing services provided to automotive clients and previously-identified staffing reductions by a large IT client. Operating profit declined by 87.2% reflecting the decline in revenue.

Corporate Summary

Corporate overhead costs increased by 7.3% on a year-over-year basis, primarily reflecting higher stock-based and other compensation costs somewhat offset by decreases in compliance spending.

"We ended the quarter with approximately $110 million in cash and cash equivalents," said Ballou. "With our cash on-hand and untapped borrowing capacity, we should have sufficient resources to support organic revenue growth, capital spending, our stock repurchase program, shareholder dividends and potential acquisitions.

"Our strategy to deliver engineering and professional staffing services on a global basis is producing positive results. During the first quarter 2008, approximately 34% of our revenue was generated from projects and clients outside of the United States compared to approximately 30% in the prior-year quarter. Additionally, our strategy to move our business to higher-margin services is working as gross profit margin increased by over 100 basis points versus the first quarter of 2007."

Business Outlook

"The current economic environment is creating some headwind, particularly in the area of permanent placement as clients slow their hiring processes. We anticipate that these general conditions could persist for several quarters and have made, and will continue to make, appropriate adjustments to our cost structure. In spite of these economic conditions, we still see the potential to increase revenue by 2% to 4% in the second quarter versus the prior-year quarter, and we still see the potential for full year revenue growth in the range of 3% to 6%," said Ballou. "Our business model remains solid and our strategy to invest in the growth of higher-margin businesses could generate up to 20% variable contribution margin on revenue growth in the second quarter and 12% to 14% for the full year. "

Financial Tables Follow Conference Call/Webcast

CDI Corp. will conduct a conference call at 11 a.m. (ET) today to discuss this announcement. The conference call will be broadcast live over the Internet and can be accessed by any interested party at http://www.cdicorp.com/. An online replay will be available at http://www.cdicorp.com/ for 14 days after the call.

Company Information

Headquartered in Philadelphia, CDI Corp. is a leading provider of engineering & information technology outsourcing solutions and professional staffing. Its operating units include CDI Engineering Solutions, CDI IT Solutions, CDI AndersElite Limited, and Management Recruiters International, Inc. Visit CDI at http://www.cdicorp.com/.

Caution Concerning Forward-Looking Statements

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements that address expectations or projections about the future, including statements about our strategies for growth and future financial results (such as revenues, variable contribution margin and tax rates), are forward-looking statements. Some of the forward-looking statements can be identified by words like "anticipates," "believes," "expects," "may," "will," "could," "should", intends," "plans," "estimates," and similar expressions. These statements are not guarantees of future performance and involve a number of risks, uncertainties and assumptions that are difficult to predict. Because these forward-looking statements are based on estimates and assumptions that are subject to significant business, economic and competitive uncertainties, many of which are beyond our control or are subject to change, actual outcomes and results may differ materially from what is expressed or forecasted in these forward-looking statements. Important factors that could cause actual results to differ materially from the forward-looking statements include, but are not limited to: changes in general economic conditions and levels of capital spending by customers in the industries that we serve; competitive market pressures; our ability to maintain and grow our revenue base; the availability and cost of qualified labor; our level of success in attracting, training, and retaining qualified management personnel and other staff employees; changes in customers' attitudes towards outsourcing; credit risks associated with our customers; changes in tax laws and other government regulations; the possibility of incurring liability for our activities, including the activities of our temporary employees; our performance on customer contracts; adverse consequences arising out of the U.K. Office of Fair Trading investigation; and government policies or judicial decisions adverse to our businesses. More detailed information about some of these risks and uncertainties may be found in our filings with the SEC, particularly in the "Risk Factors" section of our Form 10-K's and the "Management's Discussion and Analysis of Financial Condition and Results of Operations" section of our Form 10-K's and Form 10-Q's. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. We assume no obligation to update such statements, whether as a result of new information, future events or otherwise, except as required by law.

CDI Corp. and Subsidiaries Consolidated Earnings Release Tables (Unaudited) (in thousands, except per share data) For the three months ended March 31, December 31, 2008 2007 2007 Revenues $293,880 $293,914 $298,960 Cost of services 222,625 225,872 224,253 Gross profit 71,255 68,042 74,707 Operating and administrative expenses 60,292 55,643 63,013 Operating profit 10,963 12,399 11,694 Other income, net 1,248 435 1,096 Earnings from continuing operations before income taxes 12,211 12,834 12,790 Income tax expense 4,287 4,787 4,619 Earnings from continuing operations 7,924 8,047 8,171 Earnings (loss) from discontinued operations - 421 (355) Net earnings $7,924 $8,468 $7,816 Diluted earnings per share Earnings from continuing operations $0.39 $0.40 $0.40 Earnings (loss) from discontinued operations - 0.02 (0.02) Net earnings $0.39 $0.42 $0.38 Average diluted number of shares 20,405 20,194 20,452 For the three months ended Selected Balance Sheet Data from March 31, December 31, continuing operations: 2008 2007 2007 Cash and cash equivalents $110,043 $36,566 $127,059 Accounts receivable, net $223,401 $250,272 $210,629 Current assets $343,628 $299,365 $348,754 Total assets $447,317 $395,298 $450,058 Current liabilities $95,124 $113,607 $102,741 Shareholders' equity $338,901 $308,771 $334,978 For the three months ended Selected Cash Flow Data from March 31, December 31, continuing operations: 2008 2007 2007 Depreciation expense $2,850 $2,593 $2,816 Capital expenditures $4,444 $2,159 $1,997 Dividends paid $2,646 $2,212 $2,649 Free cash flow for the quarter ended March 31, 2008 is shown below: Net cash used in operating activities $(7,210) Less: capital expenditures (4,444) Less: dividends paid (2,646) Free cash flow used in continuing operations $(14,300) For the three months ended Selected Earnings and Other Financial March 31, December 31, Data from continuing operations: 2008 2007 2007 Revenues $293,880 $293,914 $298,960 Gross profit $71,255 $68,042 $74,707 Gross profit margin 24.3% 23.2% 25.0% Operating and administrative expenses as a percentage of revenue 20.5% 18.9% 21.1% Corporate expenses $5,086 $4,741 $5,163 Corporate expenses as a percentage of revenue 1.7% 1.6% 1.7% Operating profit margin 3.7% 4.2% 3.9% Effective income tax rate 35.1% 37.3% 36.1% After-tax return on shareholders' equity (a) 9.8% 8.3% 10.0% Pre-tax return on net assets (b) 21.4% 17.1% 23.4% Variable contribution margin (c) NM(c) 20.3% 17.0% For the three months ended Reconciliation to adjusted earnings March 31, Increase/ from continuing operations(1): 2008 2007 (Decrease) Earnings from continuing operations, as reported $7,924 $8,047 (1.5)% First quarter adjustments - net of tax (1) 405 (1,003) Earnings from continuing operations, as adjusted $8,329 $7,044 18.2% (1) The table above reconciles CDI's first quarter results of operations on a more comparable basis by adjusting for the unfavorable after-tax effect of the $0.6 million charge in 2008 related to MRI and the favorable after-tax effect of the $1.6 million reversal in 2007 of a legal accrual, due to the Company's successful appeal of a 2004 lawsuit judgment against the Company. For the three months ended Selected Segment Data from March 31, December 31, continuing operations: 2008 2007 2007 Engineering Solutions (d) Revenues $156,152 $150,522 $157,581 Gross profit 34,700 29,911 36,128 Gross profit margin 22.2% 19.9% 22.9% Operating profit 10,821 9,547 9,951 Operating profit margin 6.9% 6.3% 6.3% Management Recruiters International Revenues $19,631 $16,173 $21,451 Gross profit 10,694 9,830 12,248 Gross profit margin 54.5% 60.8% 57.1% Operating profit 2,250 3,318 3,936 Operating profit margin 11.5% 20.5% 18.4% AndersElite Revenues $61,740 $61,595 $62,777 Gross profit 15,664 16,175 15,424 Gross profit margin 25.4% 26.3% 24.6% Operating profit 2,775 2,693 2,307 Operating profit margin 4.5% 4.4% 3.7% IT Solutions (d) Revenues $56,357 $65,624 $57,151 Gross profit 10,197 12,126 10,907 Gross profit margin 18.1% 18.5% 19.1% Operating profit 203 1,582 663 Operating profit margin 0.4% 2.4% 1.2% For the three months ended Engineering Solutions Revenue March 31, December 31, by Vertical (d): 2008 2007 2007 CDI Process and Industrial $117,317 $112,092 $120,451 CDI Government Services 19,845 16,552 18,358 CDI Aerospace 15,875 18,129 16,085 CDI Life Sciences 3,115 3,749 2,687 Total Engineering Solutions Revenue $156,152 $150,522 $157,581 For the three months ended Selected Earnings Data from March 31, December 31, discontinued operations (e): 2008 2007 2007 Net Revenues $- $38,027 $- Earnings (loss) from discontinued operations, before taxes - 672 (569) Income tax expense (benefit) - 251 (214) Earnings (loss) from discontinued operations, net of taxes $- $421 $(355) (a) Current quarter combined with the three preceding quarters' net earnings from continuing operations divided by the average shareholders' equity. (b) Current quarter combined with the three preceding quarters' pre-tax earnings from continuing operations divided by the average net assets. Net assets include total assets from continuing operations minus total liabilities from continuing operations excluding cash, external debt and income tax accounts. (c) Year-over-year change in operating profit from continuing operations divided by year-over-year change in revenue from continuing operations. The calculation for the first quarter of 2008 is not meaningful (NM) because revenues were relatively flat. (d) The Company has revised the reporting segments' prior year data for Engineering Solutions and IT Solutions for comparative purposes. (e) In September 2007, the Company sold its Todays Staffing, Inc. subsidiary. Please see the Company's consolidated financial statements and the notes thereto for the year ended December 31, 2007 included in Form 10-K, filed with the Securities and Exchange Commission on March 7, 2008.

CDI Corp.

CONTACT: Vincent Webb, Vice President, Corporate Communications &
Marketing, +1-215-636-1240, Vince.Webb@cdicorp.com, or Mark Kerschner, Chief
Financial Officer, +1-215-636-1105, Mark.Kerschner@cdicorp.com, both of CDI
Corp.

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

Strayer Education, Inc. Reports Record First Quarter 2008 Revenues and Earnings; and Record Spring Term 2008 Enrollments-- Strayer First Quarter Revenues Up 21% ---- Strayer First Quarter Diluted EPS $1.64, Up 26% ---- Strayer Spring 2008 Total Enrollments Up 19% / New Students Up 28% ---- Two New Campuses Opened for 2008 Summer Term --

ARLINGTON, Va., April 30 /PRNewswire-FirstCall/ -- Strayer Education, Inc. today announced financial results for the three months ended March 31, 2008. Financial highlights are as follows:

Three Months Ended March 31 -- Revenues for the three months ended March 31, 2008 increased 21% to $97.1 million, compared to $80.2 million for the same period in 2007, due to increased enrollment and a 5% tuition increase which commenced in January 2008. -- Income from operations was $35.6 million compared to $28.9 million for the same period in 2007, an increase of 23%. Operating income margin was 36.6% compared to 36.1% for the same period in 2007. -- Net income was $23.5 million compared to $18.8 million for the same period in 2007, an increase of 25%. Diluted earnings per share was $1.64 compared to $1.30 for the same period in 2007, an increase of 26%. Diluted weighted average shares outstanding decreased to 14,340,000 from 14,490,000 for the same period in 2007.

"We are pleased with our solid financial results for the first quarter and our strong student enrollment for the spring term," said Robert S. Silberman, Chairman and Chief Executive Officer of Strayer Education, Inc. "We continue to expand our geographic footprint with the successful opening of campuses in two new Florida markets: Jacksonville and Palm Beach."

Balance Sheet and Cash Flow

At March 31, 2008, the Company had cash and cash equivalents of $118.9 million and no debt. During the three months ended March 31, 2008, the Company sold its $76.8 million investment in a short-term, tax exempt bond fund and invested the proceeds in money market funds. This sale resulted in a gain before tax of $0.8 million. The Company generated $34.2 million from operating activities in the first quarter of 2008, compared to $19.4 million during the same period in 2007. Net cash provided by operating activities on the March 31, 2007 and 2008 condensed consolidated statements of cash flows was reduced, in accordance with FAS 123(R), by $9.1 million and $5.0 million, respectively, related to a reclassification of tax benefits from stock option exercises during the respective quarters. However, the favorable cash flow effect of this tax benefit is not realized until the second quarter of each year when estimated tax payments for the respective year are made. Capital expenditures were $5.1 million for the three months ended March 31, 2008, compared to $3.9 million for the same period in 2007.

During the three months ended March 31, 2008, the Company invested $56.3 million to repurchase 353,083 shares of its common stock at an average price of $159.36 per share as part of a previously announced common stock repurchase authorization. The Company's remaining authorization for common stock repurchases was approximately $26 million at March 31, 2008. During the three months ended March 31, 2008, the Company paid a regular, quarterly common stock dividend of $5.3 million ($0.38 per share) and a special common stock dividend of $28.9 million ($2.00 per share). The Company also received $3.4 million upon the exercise of 100,000 stock options.

For the first quarter 2008, bad debt expense as a percentage of revenues was 2.5% compared to 2.6% for the same period in 2007. Days sales outstanding, adjusted to exclude tuition receivable related to future quarters, was 12 days at the end of the first quarter of 2007 and 2008.

Student Enrollment

Enrollment at Strayer University for the 2008 spring term increased 19% to 37,733 students compared to 31,656 for the same term in 2007. Across the Strayer University campus and online system, new student enrollments increased 28%, while continuing student enrollments increased 17%. Global online students increased 45%. Students taking 100% of their classes online (including campus based students) increased 23%. The total number of students taking at least one class online increased 21%.

Student Enrollment Spring Spring % 2007 2008 Change Campus Based Students: New Campuses (23 in operation 3 years or less) Classroom Students 1,379 2,781 102% Online Students 2,180 3,858 77% Total New Campus Based Students 3,559 6,639 87% Mature Campuses (32 in operation more than 3 years) Classroom Students 11,825 12,226 3% Online Students 13,491 14,849 10% Total Mature Campus Based Students 25,316 27,075 7% Total Campus Based Students 28,875 33,714 17% Global Online Students 2,781 4,019 45% Total University Enrollment 31,656 37,733 19% Total Students Taking 100% of Courses Online 18,452 22,726 23% Total Students Taking at Least 1 Course Online 22,392 27,064 21% New Campus Openings

The Company announced today that Strayer University had successfully opened two new campuses for the summer academic term. Both campuses are in new Florida markets - one in Jacksonville and the other in Palm Beach. With these two new campuses, the Company has opened six of the nine new campuses planned for 2008.

Stock-based Compensation Activity

On April 29, 2008, the Company awarded 2,617 shares of restricted stock to various non-employee members of the Company's Board of Directors as part of its annual director compensation program. The Company's stock price closed at $179.89 on the date of this restricted stock grant.

Shares and Options Outstanding

At March 31, 2008, the Company had 14,216,087 common shares issued and outstanding, and 290,084 stock options outstanding with a weighted average exercise price of $84.33 and a remaining weighted average contractual life of 3.1 years.

Common Stock Cash Dividend

The Company announced today that its Board of Directors had declared its regular, quarterly common stock cash dividend of $0.375 per share. This dividend will be paid on June 10, 2008 to shareholders of record as of May 27, 2008.

Business Outlook

Based on the strong enrollment growth announced for the 2008 spring term, the Company estimates second quarter 2008 diluted EPS will be in the range of $1.45 to $1.47.

Conference Call with Management

Strayer Education, Inc. will host a conference call to discuss its first quarter 2008 earnings at 10:00 a.m. (ET) today. To participate on the live call, investors should dial (800) 289-0468 10 minutes prior to the start time. In addition, the call will be available via live Webcast over the Internet. To access the live Webcast of the conference call, please go to http://www.strayereducation.com/ 15 minutes prior to the start time of the call to register. An archived replay of the conference call will be available at (888) 203-1112 (pass code 4368500) starting at 1:00 p.m. (ET) today and will be available through Sunday, May 4, and archived at http://www.strayereducation.com/ for 90 days.

Strayer Education, Inc. is an education services holding company that owns Strayer University and certain other assets. Strayer's mission is to make higher education achievable and convenient for working adults in today's economy. Strayer University is a proprietary institution of higher learning that offers undergraduate and graduate degree programs in business administration, accounting, information technology, education, health care, and public administration to approximately 38,000 working adult students at 57 campuses in 12 states and Washington, D.C., in the eastern United States and worldwide via the Internet. Strayer University is committed to providing an education that prepares working adult students for advancement in their careers and professional lives. Founded in 1892, Strayer University is accredited by the Middle States Commission on Higher Education.

For more information on Strayer Education, Inc. visit http://www.strayereducation.com/ and for Strayer University visit http://www.strayer.edu/.

This press release contains statements that are forward looking and are made pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995 ("Reform Act"). The statements are based on the Company's current expectations and are subject to a number of uncertainties and risks. In connection with the safe harbor provisions of the Reform Act, the Company has identified important factors that could cause the Company's actual results to differ materially. The uncertainties and risks include the pace of growth of student enrollment, our continued compliance with Title IV of the Higher Education Act, and the regulations thereunder, as well as regional accreditation standards and state and regional regulatory requirements, competitive factors, risks associated with the opening of new campuses, risks associated with the offering of new educational programs and adapting to other changes, risks associated with the acquisition of existing educational institutions, risks relating to the timing of regulatory approvals, our ability to implement our growth strategy, and general economic and market conditions. Further information about these and other relevant risks and uncertainties may be found in the Company's annual report on Form 10-K and its other filings with the Securities and Exchange Commission, all of which are incorporated herein by reference and which are available from the Commission. We undertake no obligation to update or revise forward looking statements.

STRAYER EDUCATION, INC. UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Amounts in thousands, except per share data) For the three months ended March 31, 2007 2008 Revenues $80,193 $97,074 Costs and expenses: Instruction and educational support 26,223 31,642 Selling and promotion 12,875 15,095 General and administration 12,148 14,778 Total costs and expenses 51,246 61,515 Income from operations 28,947 35,559 Investment and other income 1,380 2,036 Income before income taxes 30,327 37,595 Provision for income taxes 11,521 14,073 Net income $18,806 $23,522 Net income per share: Basic $1.33 $1.67 Diluted $1.30 $1.64 Weighted average shares outstanding: Basic 14,180 14,104 Diluted 14,490 14,340 Common dividends per share: Regular $0.31 $0.38 Special -- $2.00 STRAYER EDUCATION, INC. UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (Amounts in thousands, except share and per share data) At December 31, At March 31, 2007 2008 ASSETS Current assets: Cash and cash equivalents $95,036 $118,866 Marketable securities available for sale, at fair value 76,299 -- Tuition receivable, net of allowances for doubtful accounts of $3,206 and $3,668 at December 31, 2007 and March 31, 2008, respectively 100,651 103,466 Other current assets 4,097 5,360 Total current assets 276,083 227,692 Property and equipment, net 57,946 58,952 Deferred income taxes 8,830 9,951 Restricted cash 500 500 Other assets 419 494 Total assets $343,778 $297,589 LIABILITIES & STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $15,682 $17,463 Accrued expenses 3,303 2,620 Income taxes payable 4,754 10,981 Dividends payable 28,853 -- Unearned tuition 91,476 94,144 Other current liabilities 281 281 Total current liabilities 144,349 125,489 Long-term liabilities 10,922 10,764 Total liabilities 155,271 136,253 Commitments and contingencies Stockholders' equity: Common stock, par value $.01; 20,000,000 shares authorized; 14,426,634 and 14,216,087 shares issued and outstanding at December 31, 2007 and March 31, 2008, respectively 144 142 Additional paid-in capital 87,080 41,909 Retained earnings 101,102 119,285 Accumulated other comprehensive income 181 -- Total stockholders' equity 188,507 161,336 Total liabilities and stockholders' equity $343,778 $297,589 STRAYER EDUCATION, INC. UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Amounts in thousands) For the three months ended March 31, 2007 2008 Cash flows from operating activities: Net income $18,806 $23,522 Adjustments to reconcile net income to net cash provided by operating activities: Amortization of deferred rent (22) (87) Amortization of gain on sale of property & equipment -- (71) Gain on sale of marketable securities -- (785) Depreciation and amortization 2,018 2,420 Deferred income taxes (1,273) (1,318) Stock-based compensation 2,401 2,683 Changes in assets and liabilities: Tuition receivable, net (5,918) (2,815) Other current assets (1,237) (943) Other assets (2) (78) Accounts payable 224 3,483 Accrued expenses (211) (683) Income taxes payable 7,970 11,259 Excess tax benefits from stock-based payment arrangements(1) (9,057) (5,033) Unearned tuition 5,707 2,668 Net cash provided by operating activities 19,406 34,222 Cash flows from investing activities: Purchases of property and equipment (3,885) (5,128) Proceeds from the sale of marketable securities -- 76,785 Net cash (used in) provided by investing activities (3,885) 71,657 Cash flows from financing activities: Regular common dividends paid (4,551) (5,339) Special common dividends paid -- (28,854) Proceeds from exercise of stock options 10,923 3,378 Excess tax benefits from stock-based payment arrangements(1) 9,057 5,033 Repurchase of common stock (7,984) (56,267) Net cash provided by (used in) financing activities 7,445 (82,049) Net increase in cash and cash equivalents 22,966 23,830 Cash and cash equivalents -- beginning of period 52,663 95,036 Cash and cash equivalents -- end of period $75,629 $118,866 Non-cash transactions: Purchases of property and equipment included in accounts payable $197 $792 (1.) This line item reclassifies those tax benefits associated with stock options exercised in the first quarter from net cash provided by operating activities to net cash provided by financing activities in accordance with FAS 123(R). This reclassification is required by GAAP to be made in the quarter during which the option exercise takes place. However, the favorable cash flow effect of this tax benefit is not realized until the next quarter. Before this reclassification, the Company's net cash provided by operating activities was $28.5 million and $39.3 million for the three months ended March 31, 2007 and 2008, respectively.

Strayer Education, Inc.

CONTACT: Mark C. Brown, Executive Vice President and Chief Financial
Officer, +1-703-247-2514, or Sonya Udler, Senior Vice President, Corporate
Communications, +1-703-247-2517, sonya.udler@strayer.edu, both of Strayer
Education, Inc.

Web site: http://www.strayer.edu/
http://www.strayereducation.com/

Consolidated Graphics Will Hold a Conference Call to Discuss the Company's Fourth Quarter and Full Year 2008 Financial Results

HOUSTON, April 30 /PRNewswire-FirstCall/ -- Consolidated Graphics, Inc. today announced that it will hold a conference call on Wednesday, May 7, 2008 to discuss the Company's financial results for its fiscal fourth quarter and year ended March 31, 2008.

The conference call and live webcast will begin at 10:00 a.m. Central Time/11:00 a.m. Eastern Time. An archive of the webcast will be available approximately one hour after the live call. To access the live webcast or archive, please visit http://www.cgx.com/.

Consolidated Graphics (CGX), headquartered in Houston, Texas, is one of North America's leading general commercial printing companies. With 69 printing facilities strategically located across 27 states and Canada, CGX offers an unmatched geographic footprint with extensive capabilities supported by an unparalleled level of convenience, efficiency and service. With locations in or near virtually every major U.S. market, as well as Toronto, CGX offers highly responsive service and convenient access to a vast capabilities network through a single point of contact at the local level.

CGX has the largest and most technologically advanced sheetfed printing capability in North America, a sizeable and strategically important web printing capability, industry-leading digital printing services, a rapidly growing number of fulfillment centers and proprietary Internet-based technology solutions. CGX offers the unique ability to respond to all printing-related needs no matter how large, small, specialized or complex. For more information, visit the CGX Web site at http://www.cgx.com/.

Consolidated Graphics, Inc.

CONTACT: Jon C. Biro, Executive Vice President, Chief Financial Officer
of Consolidated Graphics, Inc., +1-713-787-0977; Christine Mohrmann, or
Alexandra Tramont, both of FD, +1-212-850-5600, for Consolidated Graphics,
Inc.

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

SPX Reports First Quarter 2008 ResultsRevenues up 37%, Segment Income up 56%, EPS up 115%Raises 2008 EPS Guidance Range to $6.20 to $6.40 from $6.00 to $6.20

CHARLOTTE, N.C., April 30 /PRNewswire-FirstCall/ -- SPX Corporation today reported results for the first quarter ended March 29, 2008:

-- Revenues increased 37.2% to $1.39 billion from $1.02 billion in the year-ago quarter. Organic revenue growth* was 7.1%, while completed acquisitions and the impact of currency fluctuations increased reported revenues by 25.6% and 4.5%, respectively. Revenues from operations discontinued during the quarter were $17.4 million. -- Segment income and margins were $161.1 million and 11.6%, compared with $103.6 million and 10.2% in the year-ago quarter. -- Diluted net income per share from continuing operations was $1.14, compared with $0.53 in the year-ago quarter. The first quarter 2008 results include an effective tax rate of 32.8%, which represents a benefit of $0.04 per share as compared to the expected 35.0% effective tax rate. -- Net cash used in continuing operations was $27.6 million, compared with $6.4 million in 2007. The decline in cash flow was due primarily to working capital investments to support organic growth and the integration of the recent APV acquisition. -- Free cash flow from continuing operations* during the quarter was a negative $48.4 million, compared with a negative $17.3 million in the year-ago quarter. The decrease was due primarily to the items noted above and increased capital expenditures in 2008 to support continued growth in the company.

Chris Kearney, Chairman, President and CEO said, "SPX's first quarter performance marked a strong start to 2008 as we built on the momentum established in 2007. Our earnings per share of $1.14 represents a 115 percent increase over the same period last year, and we had revenue growth of 37 percent during the quarter.

"At this time, we are raising our earnings per share guidance range to $6.20 to $6.40 from the previous range of $6.00 to $6.20. The increase is driven by several positive factors, including our solid first quarter results; our continued robust order trends in our global infrastructure markets; and our ability to execute on this demand through a constant focus on our operating initiatives," Kearney added.

FINANCIAL HIGHLIGHTS - CONTINUING OPERATIONS

Flow Technology

Revenues for the first quarter of 2008 were $504.0 million compared to $250.7 million in the first quarter of 2007, an increase of $253.3 million, or 101.0%. The increase was due primarily to the fourth quarter 2007 acquisition of APV, which contributed $227.0 million of revenues during the quarter. Additionally, organic revenue growth* was 4.7% in the quarter, driven primarily by strong demand in the power, oil and gas, and sanitary markets. The impact of currency fluctuations increased revenues by 5.2% from the year- ago quarter.

Segment income was $46.0 million, or 9.1% of revenues, in the first quarter of 2008 compared to $37.7 million, or 15.0% of revenues, in the first quarter of 2007. Segment income and margins were favorably impacted by organic growth and manufacturing efficiencies achieved from continuous improvement initiatives. Segment margins were negatively impacted by significantly lower margins at APV, more than offsetting the improvement in the remainder of the segment.

Test and Measurement

Revenues for the first quarter of 2008 were $274.7 million compared to $240.1 million in the first quarter of 2007, an increase of $34.6 million, or 14.4%. The increase was due primarily to acquisitions completed in the second half of 2007. The impact of currency fluctuations increased reported revenues by 4.6%, offset partially by organic revenue declines* of 3.2% due primarily to reduced volumes in the North American aftermarket.

Segment income was $24.4 million, or 8.9% of revenues, in the first quarter of 2008 compared to $23.8 million, or 9.9% of revenues, in the first quarter of 2007. Segment income increased primarily due to the 2007 acquisitions and benefit of foreign currency fluctuations noted above, offset partially by declines associated with difficult conditions in the domestic automotive market and additional costs associated with investments to expand in Asia Pacific.

Thermal Equipment and Services

Revenues for the first quarter of 2008 were $346.8 million compared to $312.7 million in the first quarter of 2007, an increase of $34.1 million, or 10.9%. The impact of currency fluctuations increased reported revenues by 6.1% from the year-ago quarter, while organic revenue growth* was 4.8%. The organic revenue growth was primarily driven by continued strong power market demand for cooling systems.

Segment income was $36.4 million, or 10.5% of revenues, in the first quarter of 2008 compared to $16.1 million, or 5.1% of revenues, in the first quarter of 2007. The increase in segment income and margins was due primarily to the organic growth noted above, favorable project mix, and improved operating performance in the cooling equipment and heating product lines. In addition, the benefit of foreign currency fluctuations noted above favorably impacted segment income in the first quarter of 2008.

Industrial Products and Services

Revenues for the first quarter of 2008 were $267.0 million compared to $211.6 million in the first quarter of 2007, an increase of $55.4 million, or 26.2%. The increase was due primarily to organic revenue growth* of 24.9%, driven by increased demand for domestic power transformers as well as the majority of other products in the segment. The impact of currency fluctuations increased revenues by 1.3% from the year-ago quarter.

Segment income was $54.3 million, or 20.3% of revenues, in the first quarter of 2008 compared to $26.0 million, or 12.3% of revenues, in the first quarter of 2007. The increase in segment income and margins was driven largely by the organic growth in power transformers from pricing and volume, as well as manufacturing efficiencies achieved from continuous improvement initiatives across the segment. In addition, the first quarter of 2007 included a charge of $3.6 million related to a legacy product liability matter.

OTHER ITEMS

Dividend: On February 21, 2008, the Board of Directors announced a quarterly dividend of $0.25 per common share to shareholders of record on March 14, 2008. The first quarter 2008 dividend of $0.25 per common share was paid on April 1, 2008.

Acquisition: On December 31, 2007, the company completed the acquisition of APV for $524.2 million. APV, a global manufacturer of process equipment and engineered solutions primarily for the sanitary market, had revenues of approximately $876.0 million in the twelve months prior to acquisition, and is being integrated into and reported in the Flow Technology segment.

Discontinued Operations: During the first quarter of 2008, the company committed to a plan to divest its vibration test equipment product line, which was previously reported in the Test and Measurement segment. It is anticipated that a sale will be completed in 2008.

During the third quarter of 2007, the company committed to a plan to divest its air filtration product line, which was previously reported in the Flow Technology segment. It is anticipated that a sale will be completed in the first half of 2008.

The financial condition, results of operations, and cash flows of the vibration test equipment and air filtration product lines have been reported as discontinued operations in the attached condensed consolidated financial statements.

Form 10-Q: The company expects to file its quarterly report on Form 10-Q for the quarter ended March 29, 2008 with the Securities and Exchange Commission by May 8, 2008. This press release should be read in conjunction with that filing, which will be available on the company's website at http://www.spx.com/ , in the Investor Relations section.

SPX Corporation is a Fortune 500 multi-industry manufacturing leader. The company offers highly-specialized engineered solutions to solve critical problems for customers.

SPX is focused on providing solutions that support the expansion of global infrastructure, with particular emphasis on the growing worldwide demand for energy and power. Its innovative product portfolio, containing many environmentally friendly products, includes cooling systems for all types of power plants throughout the world; custom engineered pumps, valves and mixers that assist a variety of flow processes including oil and gas exploration, distribution and refinement; handheld diagnostic tools that aid in vehicle maintenance and repair; and power transformers that regulate voltage for electrical transmission and distribution by utility companies.

SPX is headquartered in Charlotte, North Carolina and employs over 17,000 people worldwide in over 35 countries. Visit http://www.spx.com/ .

-- Non-GAAP number. See attached financial schedules for reconciliation to most comparable GAAP number.

Certain statements in this press release are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbor created thereby. Please read these results in conjunction with the company's documents filed with the Securities and Exchange Commission, including the company's annual report on Form 10-K for the year ended December 31, 2007. These filings identify important risk factors and other uncertainties that could cause actual results to differ from those contained in the forward-looking statements. Actual results may differ materially from these statements. The words "believe," "expect," "anticipate," "estimate," "guidance," "target" and similar expressions identify forward-looking statements. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. In addition, estimates of future operating results are based on the company's current complement of businesses, which is subject to change.

SPX CORPORATION AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited; in millions, except per share amounts) Three months ended March 29, March 31, 2008 2007 Revenues $1,392.5 $1,015.1 Costs and expenses: Cost of products sold 980.7 738.0 Selling, general and administrative 297.7 219.3 Intangible amortization 6.7 4.1 Special charges, net 0.7 0.3 Operating income 106.7 53.4 Other income (expense), net 2.5 (1.8) Interest expense (31.1) (16.8) Interest income 2.3 3.4 Equity earnings in joint ventures 11.6 10.1 Income from continuing operations before income taxes 92.0 48.3 Income tax provision (30.2) (16.6) Income from continuing operations 61.8 31.7 Income from discontinued operations, net of tax 2.8 3.8 Loss on disposition of discontinued operations, net of tax (3.2) (6.3) Loss from discontinued operations (0.4) (2.5) Net income $61.4 $29.2 Basic income per share of common stock Income from continuing operations $1.18 $0.54 Loss from discontinued operations (0.01) (0.04) Net income per share $1.17 $0.50 Weighted average number of common shares outstanding - basic 52.578 58.606 Diluted income per share of common stock Income from continuing operations $1.14 $0.53 Loss from discontinued operations (0.01) (0.04) Net income per share $1.13 $0.49 Weighted average number of common shares outstanding - diluted 54.049 60.123 SPX CORPORATION AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited; in millions) March 29, December 31, 2008 2007 ASSETS Current assets: Cash and equivalents $384.8 $354.1 Accounts receivable, net 1,392.6 1,281.1 Inventories, net 738.5 692.1 Other current assets 115.0 116.2 Deferred income taxes 104.0 96.5 Assets of discontinued operations 161.5 156.3 Total current assets 2,896.4 2,696.3 Property, plant and equipment Land 39.5 37.9 Buildings and leasehold improvements 245.7 234.3 Machinery and equipment 652.3 620.2 937.5 892.4 Accumulated depreciation (436.0) (410.1) Net property, plant and equipment 501.5 482.3 Goodwill 2,004.8 1,943.9 Intangibles, net 725.0 710.2 Other assets 409.3 404.7 TOTAL ASSETS $6,537.0 $6,237.4 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Accounts payable $738.8 $725.5 Accrued expenses 1,075.4 1,038.6 Income taxes payable 24.2 7.5 Short-term debt 313.2 255.0 Current maturities of long-term debt 79.0 78.9 Liabilities of discontinued operations 66.4 65.6 Total current liabilities 2,297.0 2,171.1 Long-term debt 1,231.3 1,234.7 Deferred and other income taxes 222.2 240.7 Other long-term liabilities 592.3 574.5 Total long-term liabilities 2,045.8 2,049.9 Minority interest 14.4 10.4 Shareholders' equity: Common stock 968.8 963.5 Paid-in capital 1,318.9 1,296.0 Retained earnings 2,094.0 2,045.9 Accumulated other comprehensive income 142.1 38.1 Common stock in treasury (2,344.0) (2,337.5) Total shareholders' equity 2,179.8 2,006.0 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $6,537.0 $6,237.4 SPX CORPORATION AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited; in millions) Three months ended March 29, March 31, 2008 2007 Cash flows from (used in) operating activities: Net income $61.4 $29.2 Less: Loss from discontinued operations, net of tax (0.4) (2.5) Income from continuing operations 61.8 31.7 Adjustments to reconcile income from continuing operations to net cash used in operating activities Special charges, net 0.7 0.3 Deferred and other income taxes 2.8 (19.5) Depreciation and amortization 27.6 18.1 Pension and other employee benefits 15.1 16.7 Stock-based compensation 16.1 13.8 Other, net 4.8 11.2 Changes in operating assets and liabilities, net of effects from acquisitions and divestitures Accounts receivable and other (90.6) 62.7 Inventories (42.6) (56.8) Accounts payable, accrued expenses and other (20.9) (83.6) Cash spending on restructuring actions (2.4) (1.0) Net cash used in continuing operations (27.6) (6.4) Net cash used in discontinued operations (1.5) (14.3) Net cash used in operating activities (29.1) (20.7) Cash flows from (used in) investing activities: Business acquisitions and investments, net of cash acquired (0.4) (1.7) Capital expenditures (20.8) (10.9) Net cash used in continuing operations (21.2) (12.6) Net cash used in discontinued operations (0.7) (1.5) Net cash used in investing activities (21.9) (14.1) Cash flows from (used in) financing activities: Borrowing under senior credit facilities 436.0 - Repayments of senior credit facilities (316.0) (45.1) Borrowings under trade receivables agreement 70.0 60.0 Repayments under trade receivables agreement (116.0) (45.0) Net repayments under other financing arrangements (20.4) (24.1) Purchases of common stock - (140.6) Proceeds from the exercise of employee stock options and other 22.9 49.4 Dividends paid (13.2) (14.8) Net cash from (used in) continuing operations 63.3 (160.2) Net cash used in discontinued operations (0.1) (0.7) Net cash from (used in) financing activities 63.2 (160.9) Change in cash and equivalents due to changes in foreign exchange rates 18.5 5.0 Net change in cash and equivalents 30.7 (190.7) Consolidated cash and equivalents, beginning of period 354.1 477.2 Consolidated cash and equivalents, end of period $384.8 $286.5 SPX CORPORATION AND SUBSIDIARIES RESULTS OF OPERATIONS BY SEGMENT (Unaudited; in millions) Three months ended March 29, March 31, 2008 2007 % Flow Technology (1) Revenues $504.0 $250.7 101.0% Gross profit 148.6 86.3 Selling, general and administrative expense 99.6 47.7 Intangible amortization expense 3.0 0.9 Segment income $46.0 $37.7 22.0% as a percent of revenues 9.1% 15.0% Test and Measurement (1) Revenues $274.7 $240.1 14.4% Gross profit 85.9 74.0 Selling, general and administrative expense 59.5 48.9 Intangible amortization expense 2.0 1.3 Segment income $24.4 $23.8 2.5% as a percent of revenues 8.9% 9.9% Thermal Equipment and Services (1) Revenues $346.8 $312.7 10.9% Gross profit 89.9 63.6 Selling, general and administrative expense 52.0 45.9 Intangible amortization expense 1.5 1.6 Segment income $36.4 $16.1 126.1% as a percent of revenues 10.5% 5.1% Industrial Products and Services Revenues $267.0 $211.6 26.2% Gross profit 89.9 57.1 Selling, general and administrative expense 35.4 30.8 Intangible amortization expense 0.2 0.3 Segment income $54.3 $26.0 108.8% as a percent of revenues 20.3% 12.3% Total segment income $161.1 $103.6 55.5% Corporate expenses 30.2 25.4 Pension and postretirement expense 7.4 10.7 Stock-based compensation expense 16.1 13.8 Special charges, net 0.7 0.3 Consolidated Operating Income (1) $106.7 $53.4 99.8% (1) Excludes results of discontinued operations. SPX CORPORATION AND SUBSIDIARIES ORGANIC REVENUE GROWTH RECONCILIATION (Unaudited) Three Months ended March 29, 2008 Organic Net Acquisi- Revenue Revenue tions, Foreign Growth Growth Net Currency (Decline) Flow Technology 101.0% 91.1% 5.2% 4.7% Test and Measurement 14.4% 13.0% 4.6% (3.2)% Thermal Equipment and Services 10.9% - % 6.1% 4.8% Industrial Products and Services 26.2% - % 1.3% 24.9% Consolidated 37.2% 25.6% 4.5% 7.1% SPX CORPORATION AND SUBSIDIARIES FREE CASH FLOW RECONCILIATION (Unaudited; in millions) Three months ended March 29, March 31, 2008 2007 Net cash used in continuing operations $(27.6) $(6.4) Capital expenditures - continuing operations (20.8) (10.9) Free cash flow used in continuing operations $(48.4) $(17.3) SPX CORPORATION AND SUBSIDIARIES CASH AND DEBT RECONCILIATION (Unaudited; in millions) Three months ended March 29, 2008 Beginning cash $354.1 Operational cash flow (27.6) Business acquisitions and investments, net of cash acquired (0.4) Capital expenditures (20.8) Borrowing of senior credit facilities 436.0 Repayments of senior credit facilities (316.0) Net repayments under other financing arrangements (20.4) Net repayments under trade receivables agreement (46.0) Proceeds from the exercise of employee stock options and other 22.9 Dividends paid (13.2) Cash used in discontinued operations (2.3) Change in cash due to change in foreign exchange rates 18.5 Ending cash $384.8 Debt at Borrow- Repay- Debt at 12/31/2007 ings ments Other 3/29/2008 Term loan $750.0 $- $- $- $750.0 Domestic revolving loan facility 115.0 336.0 (316.0) - 135.0 Global revolving loan facility - 100.0 - - 100.0 7.625% senior notes 500.0 - - - 500.0 7.50% senior notes 28.2 - - - 28.2 6.25% senior notes 21.3 - - - 21.3 Trade receivables financing arrangement 70.0 70.0 (116.0) - 24.0 Other indebtedness 84.1 - (20.4) 1.3 65.0 Totals $1,568.6 $506.0 $(452.4) $1.3 $1,623.5

SPX Corporation

CONTACT: Investors, Jeremy W. Smeltser, +1-704-752-4478,
investor@spx.com; or Media, Jennifer H. Epstein, +1-704-752-7403,
jennifer.epstein@spx.com, both of SPX Corporation

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

Mattson Technology to Hold Analyst Day May 8, 2008

FREMONT, Calif., April 30 /PRNewswire-FirstCall/ -- Mattson Technology, Inc. , a leading supplier of advanced semiconductor process equipment used to manufacture Integrated Circuits or IC's, today announced that the Company will host its Analyst Day on Thursday, May 8, 2008 at its headquarters in Fremont, California from 1:30 p.m. to approximately 5:30 p.m. Pacific Time. Mattson's management team will discuss the company's growth strategies, industry dynamics and market growth opportunities.

The company's Analyst Day presentations will be simultaneously available to all interested listeners via an audio webcast on the Internet. For access, visit the Mattson's website: http://www.mattson.com/ under the 'Investors' section.

About Mattson Technology, Inc.

Mattson Technology, Inc. is the leading supplier of dry strip equipment and the second largest supplier of rapid thermal processing equipment in the global semiconductor industry. The company's strip and RTP equipment utilize innovative technology to deliver advanced processing performance and productivity gains to semiconductor manufacturers worldwide for the fabrication of current- and next-generation devices. For more information, please contact Mattson Technology, Inc., 47131 Bayside Parkway, Fremont, Calif. 94538. Telephone: (800) MATTSON/(510) 657-5900. Fax: (510) 492-5911. Internet: http://www.mattson.com/.

Mattson Technology Contact Investor & Media Contact William Turner Laura Guerrant tel +1-(510) 492-6241 Guerrant Associates fax +1-(510) 492-5963 tel 808-882-1467 Bill.Turner@mattson.com fax 808-882-1417 lguerrant@guerrantir.com

Mattson Technology, Inc.

CONTACT: William Turner of Mattson Technology, Inc., +1-510-492-6241,
fax, +1-510-492-5963, Bill.Turner@mattson.com; or investors & media, Laura
Guerrant of Guerrant Associates, +1-808-882-1467, fax, +1-808-882-1417,
lguerrant@guerrantir.com, for Mattson Technology, Inc.

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

Insure.com, Inc. Reports First Quarter 2008 Financial Results- Revenues decline 6 percent to $4.0 million in Q1 2008 from $4.2 million in Q1 2007- Quarterly net loss narrows to $512,000 vs. net loss of $882,000 in Q1 2007- New Remote Agent Program launched

DARIEN, Ill., April 30 /PRNewswire-FirstCall/ -- Insure.com, Inc. , the only place on earth where you can get auto, life, health, home and business insurance quotes from over 100 leading companies and have the freedom to buy from the company of your choice, today announced financial results for the first quarter ended March 31, 2008.

Financial Results

Insure.com reported revenues of $4.0 million for the first quarter of 2008, a decrease of 5.6 percent from revenues of $4.2 million for the same quarter of 2007. Net loss for the quarter was $512,000, or $0.07 per share, compared to a loss of $882,000, or $0.12 per share, for the first quarter of 2007.

"Insure.com achieved a narrowed net loss in a difficult quarter for the life insurance market in general," said Robert Bland, chairman and CEO. "During the quarter, we successfully launched our new Remote Agent program with 75 independent agencies. These agencies will receive leads from us and provide local life insurance brokerage services to those Insure.com shoppers who may wish to buy insurance locally. Independent research shows that approximately 90 percent of life insurance shoppers still buy their life insurance through local agents and brokers, even after they research life insurance prices online. We are excited about leveraging our technology and services into this large market segment, which could generate wholesale brokerage commissions for us as a new revenue stream."

"We have been working on being more efficient with the life insurance leads we receive," stated Phil Perillo, chief financial officer. "As a result, we have been able to reduce sales and marketing expenses to 32% of revenue from 42% in the first quarter of last year. Our operational priority going forward will be to strive to improve the sales efficiency of our in-house agent force, selectively add to the in-house agent force and to expand our new Remote Agent program, all of which are designed to maximize revenue from our inbound lead flows."

Insure.com has a strong balance sheet with no debt. Cash and investments in marketable securities totaled $10.7 million at March 31, 2007.

Depreciation and amortization charges were $207,000 for the first quarter of 2008 compared to $195,000 for the first quarter of 2007.

Stockholders' equity amounted to $18.7 million at March 31, 2008, as compared to $19.2 million at December 31, 2007.

Insure.com has a stock repurchase plan in place. During the first quarter of 2008, the Company repurchased 7,750 shares and has been authorized by its board to repurchase up to 592,000 additional shares in the open market or in negotiated transactions.

About Insure.com

Originally founded in 1984 as Quotesmith Corporation, Insure.com owns and operates a comprehensive consumer information service and companion insurance brokerage service that caters to the needs of self-directed insurance shoppers. Visitors to the Company's flagship Web site, http://www.insure.com/, are able to obtain free, instant car insurance quotes, instant life insurance quotes, home, business and health insurance quotes from leading insurers and have the freedom to buy online or by phone from any company shown. Insure.com also plays home to over 2,000 originally authored articles on various insurance topics and also provides free insurance decision-making tools that are not available from any other single source. Insure.com generates revenues from receipt of industry-standard commissions, including back-end bonus commissions and volume-based contingent bonus commissions that are paid by participating insurance companies. We also generate advertising revenues from the sale of Web site traffic to various third parties. Shares of the Company's common stock trade on the Nasdaq Capital Market under the symbol NSUR.

Cautions about Forward-Looking Statements

This announcement may contain forward-looking statements that involve risks, assumptions and uncertainties pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. This announcement also contains forward-looking statements about events and circumstances that have not yet occurred and may not occur. These forward-looking statements are inherently difficult to predict. Expressions of future goals and similar expressions including, without limitation, "intend," "may," "plans," "will," "believe," "should," "could," "hope," "expects," "expected," "does not currently expect," "anticipates," "predicts," "potential" and "forecast," reflecting something other than historical fact, are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. Investors should be aware that actual results may differ materially from the results predicted and reported results should not be considered an indication of future performance. Reported Web site activity and/or quotes are not necessarily indicative of any present or future revenue. The Company will not necessarily update the information in this press release if any forward-looking statement later turns out to be inaccurate. Potential risks and uncertainties include, among others, concentration of common stock holdings, general price declines within the life insurance industry, unpredictability of future revenues, potential fluctuations in quarterly operating results, competition, the evolving nature of its business model, possible write down of intangible assets and goodwill, risks associated with capacity constraints, management of growth and potential legal liability arising out of misuse, breach of confidentiality or error in the handling of confidential customer information. More information about potential factors that could affect the Company's financial results are included in the Company's Annual Report on Form 10-K for the year ended December 31, 2007 which is on file with the United States Securities and Exchange Commission.

INSURE.COM, INC. STATEMENT OF OPERATIONS (In thousands, except per share data) (Unaudited) Quarter Ended March 31, March 31, 2008 2007 Revenues: Commissions and fees $3,968 $4,202 Expenses: Selling & marketing 1,281 1,775 Operations 2,235 2,144 General & administrative 872 1,059 Depreciation & amortization 207 195 Total expenses 4,595 5,173 Operating loss (627) (971) Investment income 115 89 Net loss $(512) $(882) Net loss per common share, basic and diluted $(0.07) $(0.12) Weighted average common shares and equivalents outstanding, basic and diluted 7,281 7,301 SELECTED BALANCE SHEET DATA (In thousands) March 31, December 31, 2008 2007 Cash and equivalents $2,952 $2,072 Investments 7,711 8,941 Commissions receivable 3,087 3,263 Intangibles and goodwill 5,025 5,148 Other assets 1,705 1,515 Total assets $20,480 $20,939 Total current liabilities $1,754 $1,695 Total stockholders' equity 18,726 19,244 Total liabilities & stockholders' equity $20,480 $20,939

Insure.com, Inc.

CONTACT: Phillip A. Perillo, Chief Financial Officer of Insure.com,
Inc., +1-630-515-0170, ext. 295, phil@insure.com

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

Pharsight Invited to Present on Antiviral Modeling and Simulation at DIA Adherence WorkshopDr. Bill Poland Will Present on the Strategic Use of Incorporating Adherence Data into Clinical Trial Predictions of Antiviral Therapies

MOUNTAIN VIEW, Calif., April 30 /PRNewswire-FirstCall/ -- Pharsight Corporation , a leading provider of software, strategic consulting, and regulatory services for optimizing clinical drug development, today announced that Bill Poland, Ph.D., vice president and lead scientist, Strategic Consulting Services, has been invited to present at a Drug Information Association (DIA) workshop on using patient adherence data at the University of California Washington Center in Washington, DC. Dr. Poland will present on May 6, 2008, joining other leading experts from the pharmaceutical industry and academia in a session on the utility of incorporating adherence estimates in the design of clinical trials intended to learn about exposure-response relationships.

The workshop will provide a forum for scientific discussion and collaborative exchange on opportunities for the use of new methods in the conduct and interpretation of clinical trials through the use of reliable patient adherence data. Dr. Poland's presentation, entitled "Incorporating Adherence into Antiviral Clinical Trial Predictions", will describe how quantitative models of patient compliance for new antiviral agents can be linked with predictive drug-disease models to optimize dosing strategies and support clinical trial simulations. Further information can be found at http://www.diahome.org/.

"Antiviral drugs present special therapeutic challenges to development teams, including patient compliance with long-term treatment regimens," said Shawn O'Connor, president, CEO and chairman of Pharsight. "To support planning and quantitative decision-making for antiviral development, it is important to account for highly variable patient compliance in the complexities of viral dynamics modeling. Model-based approaches can lead to enhanced clinical trial designs and in developing strategies to optimize tradeoffs such as that between patient compliance and dosing regimen, as well as inform better clinical program investment decisions. Pharsight is pleased to present at this important adherence workshop and to continue its contributions at DIA events, where we look forward to sharing our experience with industry colleagues and interacting with fellow practitioners of modeling and simulation."

About Pharsight Corporation

Pharsight Corporation develops and markets integrated products and services that enable pharmaceutical and biotechnology companies to achieve significant and enduring improvements in the development and use of therapeutic products. Pharsight's goal is to help customers reduce the time, cost and risk of drug development, as well as optimize the post-approval marketing and use of pharmaceutical products.

Pharsight's approach enhances the fundamental element of drug development success: strong decision-making. By adopting the Pharsight approach, customers acquire a new decision-making process with the potential to systematically improve every level and phase of their business and scientific processes. Pharsight Corporation is headquartered in Mountain View, California. Information about Pharsight is available at http://www.pharsight.com/.

Registered Trademarks and Trademarks

Pharsight is a registered trademark of Pharsight Corporation. All other brand or product names mentioned in this documentation are trademarks or registered trademarks of their respective companies or organizations.

Pharsight Corporation

CONTACT: investors, Douglas Sherk or Matthew Selinger, +1-415-896-6820,
or media, Steve DiMattia or Donald Takaya, +1-646-201-5445, all of EVC Group,
for Pharsight Corporation

Web site: http://www.pharsight.com/
http://www.diahome.org/

VODone Forms Partnership with China Mobile

To Create a Brand New 'Fetion' Lifestyle

HONG KONG, April 30 /Xinhua-PRNewswire-FirstCall/ -- VODone Limited ("VODone" or the "Company") , a leading telemedia service provider in China, is pleased to announce that it has established a partnership with Aspire Information Technologies (Beijing) Ltd., a subsidiary of China Mobile Communications Corporation ("China Mobile"). Both parties will join hands to promote China Mobile's Fetion business through VODone's online video advertising platform, VODone BUS.

Fetion is an integrated communication service launched by China Mobile. It combines various communications means, such as voice, GPRS and short messages, to realize a seamless communication between the Internet and the mobile network. Comprising chat room and interactive entertainment features, Fetion allows users to send short messages through computers free of charge. Fetion users can also enjoy voice chat room service anytime, anywhere at a very low cost. Its multi-terminal platform enabled hassle-free file transmission, including MP3, image and general electronic files.

With the Fetion service, billions of China Mobile's users and Internet users can gain access to Fetion user terminals. They can also benefit from the convenience brought by VODone's integrated promotion channels, which will create a brand new "Fetion" lifestyle.

Through this partnership, China Mobile's Fetion business promotion will be connected with all promotion channels in VODone BUS. Fetion users can download user terminals by accessing the homepage of China Mobile's Fetion or through the "Fetion" advertising icons in VODone BUS' website.

As the largest online video advertising platform in the PRC, VODone BUS is able to place advertisements according to different industries at a particular timeframe, towards a particular group of audience in certain geographical areas. The accurate placement relies on VODone's 15 million video players, together with the professional technical support from Double Click and industry analysis from iResearch.

VODone BUS is well known as one of the few new media enterprises in the PRC with a complete set of licenses for operating online business. Through its promotion channels which integrated the Internet, telecommunications and media, China Mobile's Fetion business is poised to benefit from its strong promotion capability and accurate audience targeting features in the 3G era.

Dr. Zhang Lijun, Chairman of VODone, said, "The Company's cooperation with China Mobile's Fetion business is a breakthrough in the history of online video broadcasting. It brings VODone to a new horizon of development. As a brand new communications service, Fetion eliminates network limitations that enables a cross-network communication. The popularity of the Fetion service is expected to drive the business growth of VODone BUS."

About VODone Limited

Founded in 2005, Vodone Telemedia Co. Ltd., a strategic partner of VODone Limited (0082.HK), is the first and leading online video media group in China. It is also the only enterprise in the PRC to own a complete set of licenses to operate video broadcasting on the Internet. Vodone Telemedia has contracted the technical and promotional services to Vodone Datamedia Technology Co., Ltd for 50 years. In September 2006, upon the completion of the buy-sell agreement between Dr. Zhang Lijun and VODone Limited, Vodone Datamedia Technology Co., Ltd. and subsidiaries of VODone Limited collaborated to further develop the telemedia service business. Capital Market funds were deployed creating support and laying a solid capital foundation for the development of VODone Limited. Vodone Telemedia supports the broadcast of financial information, entertainment, sports and lifestyle programs through multimedia on the platforms of leading Internet and telecom network operators. Vodone's telemedia streaming video programs can be accessed all over the world, around the clock through the online video portals.

For press enquiries in Hong Kong, please contact iPR Ogilvy: Cheris Lee/ Canny Lo/ Crystal Chan Tel: +852-3170 6751/ +852-3170 6753/ +852-2169 0049 Email: cheris.lee@iprogilvy.com/canny.lo@iprogilvy.com/ crystal.chan@iprogilvy.com

VODone Limited

CONTACT: Cheris Lee, +852-3170-6751, or cheris.lee@iprogilvy.com; Canny
Lo, +852-3170-6753, or canny.lo@iprogilvy.com; Crystal Chan, +852-2169-0049,
or crystal.chan@iprogilvy.com

1Q08 Results: VIVO Participacoes S.A.

SAO PAULO, Brazil, April 30 /PRNewswire-FirstCall/ -- VIVO Participacoes S.A. (VIVO) (Bovespa: VIVO3 [ON = Common Shares] / VIVO4 [PN = Preferred Shares]; NYSE: VIV), announced its consolidated results for the first quarter of 2008 (1Q08). In the first quarter 2008, Vivo continued to keep its leadership position on the Brazilian market in number of customers, which will be further increased after the conclusion of the purchase of Telemig Celular Participacoes on April 03, 2008. From now on, Vivo will definitely operate in one of the largest Brazilian states and broaden its coverage with the best connection quality in Brazil. Around 4 million customers of Telemig Celular will be added to Vivo's customer base, making up a community of 38 million customers, which places Vivo among the 15 largest world operators. With the slogan "What is good can become even better", Vivo marks its arrival to Minas Gerais state.

R$ million 1Q08 4Q07 1Q07 Net Revenue 3,332.0 3,372.2 2,850.8 Total Operating Costs (2,370.8) (2,463.9) (2,093.8) EBITDA 961,2 908,3 757.0 EBITDA Margin (%) 28.8% 26.9% 26.6% Net Result 89.6 28.3 (19.3) Number of customers (thousand) 34,323 33,484 29,030 Market share 36.1% 36.7% 37.4% Net Additions (thousand) 839 2,164 (23)

In March, the customer base reached 34,323 thousand customers, ensuring its leadership with a 27.3% market share.

The GSM operation reached more than 14.6 million accesses in this technology, representing more than 42% of the total customer base, a 30.4% growth over 4Q07;

Service Revenue of R$3,022.6 million, an increase of 15.8% over 1Q07 and of 1.2% over 4Q07;

Self-supported data and VAS revenue, which grew 47.7% in relation to 1Q07, representing 10.4% of the net service revenue in 1Q08;

EBITDA margin in the quarter of 28.8% growing 2.3 percentage points over 1Q07. EBITDA reaching R$ 961.2 million, the highest recorded in the last five quarters, representing a growth of 27.0%. In the comparison over 4Q07, the EBITDA grew 5.8%;

The operating cash flow recorded R$ 704.6 million, a growth of 35.1% in relation to 1Q07, evidencing the growth and capacity to generate resources to finance the development of the company;

The net debt recorded the amount of R$2,907.7 million in 1Q08, representing a reduction of 12.0% in relation to 1Q07, as a result of the increase in available resources. The FISTEL fee was paid in this quarter, while in 2007 it was paid in the second quarter;

For the third consecutive quarter the company recorded Net Profit, which reached R$ 89.6 million in the quarter, reversing the negative result recorded in 1Q07 and an increase of 216.6% in relation to 4Q07.

To download the complete version of the Company's earnings release, please visit our website: http://www.vivo.com.br/ir

VIVO Participacoes S.A.

CONTACT: Investor Relations: ir@vivo.com.br, +55-11-7420-1172

Web site: http://www.vivo.com.br/ir

Amdocs Fuels Global Momentum with Customer Wins, Expansion of Product Portfolio and Partner RelationshipsIndustry Embraces Amdocs' Combination of Products and Services to Transform Delivery of Customer Experiences

ST. LOUIS, April 30 /PRNewswire-FirstCall/ -- Amdocs , the leading provider of customer experience systems, continues to demonstrate global momentum with expanded relationships with service providers worldwide, the introduction of its new product portfolio and its growing partner community. In the first six months of its fiscal year, Amdocs has publicly announced 21 customer wins and deployments, introduced its Customer Experience Systems (CES) product portfolio and expanded its partner community. Amdocs has also experienced 21 quarters of consecutive revenue growth.

Customer Momentum in Established and Emerging Markets

Since October 2007, Amdocs has secured new business with wireline, wireless and broadband cable providers across North America, EMEA (Europe, Middle East and Africa), Latin America and Asia Pacific. Service providers are selecting and deploying products from across the portfolio including customer relationship management (CRM), revenue management, operations support systems (OSS) and the Compact Convergence suite that is designed for high growth markets.

In addition, Amdocs attracted new business across Europe with wins and deployments in Albania, Belgium, Switzerland, Portugal, Estonia, Greece, Macedonia, Slovakia, Turkey and Ukraine. And among its wins in North America, Amdocs' managed services business continues to grow, demonstrated by the January announcement of a significant extension of a managed service agreement with AT&T.

To meet customer demand, Amdocs has augmented its presence and operations in India, China and Latin America. Key wins and deployments in Latin America include a consulting engagement to guide Uruguay's ANTEL through a major business process transformation, and new product deployments at America Movil subsidiaries in the Dominican Republic and Puerto Rico.

Strong Market Acceptance for New Product Portfolio: Amdocs CES 7.5

In January, Amdocs introduced Amdocs CES 7.5, the industry's first suite of products to enable service providers to deliver the digital lifestyle at an accelerated pace and lower cost. Amdocs CES 7.5 includes the first unified platform for mobile service providers to offer digital marketplaces connecting advertisers, publishers, merchants and consumers. Since it was released, customers from around the world have adopted Amdocs CES, including Indian service provider Reliance Communications. Amdocs has also augmented its product line for the broadband cable market with the purchase earlier this month of Jacobs Rimell, and this acquisition expands Amdocs' relationship with Comcast.

Industry analysts have recognized the Customer Experience Systems product portfolio. In its report titled, "Making Cents of the Customer Experience" from March 2008, analyst firm Yankee Group wrote: "The ability for carriers to personalize their products, services and content is now playing a major part within the overall customer experience. With the current market climate demanding more customer experience-oriented thinking, Yankee Group is watching Amdocs reinvent itself to become less about OSS/BSS/CRM and more about the overall customer experience. And from what we've seen so far, Amdocs is several steps ahead of its closest competition."

Company Adds New Partners for Customer Choice

To help maintain its advantage, Amdocs has added 20 partners to the Amdocs' Partner Program to offer customers business and technical solutions when deploying Amdocs' products. In February, Amdocs and IBM expanded their global relationship with the introduction of Amdocs Service Provider Information Management solutions that incorporate IBM Information on Demand middleware products to create new integrated solutions for wireline, mobile, cable and satellite service industries.

"Amdocs is the only company that enables the combination of software, services and managed services to help service providers increase revenue and reduce costs while supporting next generation services," said Dov Baharav, chief executive officer of Amdocs. "With new customers signing on, expanded global presence, and our deeper move into cable and OSS, our job is to help companies transform faster to deliver a more compelling customer experience."

About Amdocs Customer Experience Systems (CES)

Amdocs CES, introduced in January 2008, is an integrated portfolio that delivers the operating environment service providers need to transform from providers of utility voice, data and video services into purveyors of the digital lifestyle. Amdocs CES allows providers to deliver an optimal customer experience-personalized, participatory and timely across any service, location and device. The Amdocs CES portfolio leverages Amdocs business process best practices based on real-world scenarios, and transcends traditional business support systems (BSS), operations support systems (OSS) and service delivery platforms (SDPs) to enable service providers to address both current and emerging customer experience business processes. Amdocs' unique business model focuses on enabling its customers to create differentiation and build brand, loyalty, profitability and competitive leadership.

About Amdocs

Amdocs is the market leader in customer experience systems innovation, enabling world-leading service providers to deliver an integrated, innovative and the intentional customer experience(TM)- at every point of service. Amdocs provides solutions that deliver customer experience excellence, combining the software, service and expertise to help its customers execute their strategies and achieve service, operational and financial excellence. A global company with revenue of $2.84 billion in fiscal 2007, Amdocs has more than 17,000 employees and serves customers in more than 50 countries around the world. For more information, visit Amdocs at http://www.amdocs.com/.

Amdocs Forward-Looking Statement

This press release includes information that constitutes forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995, including statements about Amdocs' growth and business results in future quarters. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be obtained or that any deviations will not be material. Such statements involve risks and uncertainties that may cause future results to differ from those anticipated. These risks include, but are not limited to, the effects of general economic conditions, Amdocs' ability to grow in the business segments it serves, adverse effects of market competition, rapid technological shifts that may render the Company's products and services obsolete, potential loss of a major customer, our ability to develop long-term relationships with our customers, and risks associated with operating businesses in the international market. Amdocs may elect to update these forward-looking statements at some point in the future, however the Company specifically disclaims any obligation to do so. These and other risks are discussed at greater length in the Company's filings with the Securities and Exchange Commission, including in our Annual Report on Form 20-F for the fiscal year ended September 30, 2007, filed on December 3, 2007, and in our quarterly 6-K furnished on February 11, 2008.

Amdocs

CONTACT: Smita Rode of Weber Shandwick, +1-212-445-8226,
srode@webershandwick.com, for Amdocs

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

SmartCard Marketing Systems Inc. (VelocityMoney.com) Signs Private Label Bill Payment Services Agreement (Adds 3000 Plus) with Payment Data Systems

SAN ANTONIO, April 30 /PRNewswire-FirstCall/ -- As Stated by SmartCard Marketing Systems Inc. (Pink Sheets: SMKG) (Frankfurt: QYH.F), leading provider of prepaid cards, stored value cards and transaction processing services, is pleased to announce entering into a Private Label agreement with Payment Data Systems of San Antonio, TX (BULLETIN BOARD: PYDS) , an integrated electronic payments solutions provider, to add PYDS' bill payment services to its VelocityMoney.com financial platform. This will provide the ability for VelocityMoney.com account holders to pay their bills online to over 3,200 nationwide billers.

Bruce Baillio, President of SMKG said, "This is a natural addition to the VelocityMoney.com financial services portal and a natural evolution in our relationship with Payment Data. We are already partnering with Payment Data to market globally-branded, prepaid debit cards and to resell their merchant credit card acquiring services. This new service makes our portal even more robust." Mr. Baillio further stated, "It was important for VelocityMoney customers to be able to pay anyone and to be able to pay from any bank account. We chose Payment Data's bill payment platform due to their ability to implement in four weeks or less and that their platform is bank independent. We were excited to learn that the system is flexible enough to allow for multiple payment accounts including checking, savings, investment accounts and prepaid debit cards. We also took comfort in knowing that Payment Data's offering is fully licensed under US Patent 7,021,530 that relates to bill payments made with debit and stored value cards."

The bill payment services that will be available on VelocityMoney.com will allow enrolled account holders to make approved payments to anyone twenty-four hours a day, seven days a week. Users will be able to schedule one-time payments or set up recurring payments, initiate account to account transfers and reload their prepaid debit cards all from the VelocityMoney.com bill payment system. "This is in addition to the capabilities of the VelocityMoney.com online account that allows a user to send payments or remittances from their online account to anyone in the world," Mr. Baillio stated.

About VelocityMoney.com

VelocityMoney.com is an established Money Service provider for payment gateway services for merchants and consumers that require an integrated solution for processing of funds, remittances, credit cards and PIN debit cards over the Internet. For more information visit http://www.velocitymoney.com/.

About Payment Data Systems, Inc.

Payment Data Systems is an integrated payment solutions provider to merchants and billers. The organization provides an extensive set of products to deliver world-class payment acceptance. Payment Data has solutions for merchants, billers, banks, service bureaus and card issuers. The strength of the company is its ability to offer specifically tailored solutions for card issuance, payment acceptance and bill payments.

Website: http://www.paymentdata.com/ FORWARD-LOOKING STATEMENTS DISCLAIMER

Except for the historical information contained herein, the matters discussed in this release include certain forward-looking statements, which are intended to be covered by safe harbors. Those statements include, but may not be limited to, all statements regarding our and management's intent, belief and expectations, such as statements concerning our future and our operating and growth strategy. Investors are cautioned that all forward- looking statements involve risks and uncertainties including, without limitation, the factors detailed from time to time in our filings with the Securities and Exchange Commission. One or more of these factors have affected, and in the future could affect, our businesses and financial results in the future and could cause actual results to differ materially from plans and projections. We believe that the assumptions underlying the forward- looking statements included in this release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by us or any other person that our objectives and plans will be achieved. All forward-looking statements made in this release are based on information presently available to our management. We assume no obligation to update any forward-looking statements, except as required by law.

SmartCard Marketing Systems Inc.

CONTACT: Investor Relations: Michael Long, +1-210-249-4040,
ir@paymentdata.com, for SmartCard Marketing Systems Inc.

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

Move and REALTOR.com(R) Lead Campaign for Fresher ListingsOne-Third of REALTOR.com Listings Are Refreshed Every 15 Minutes Giving Real Estate Professionals the Edge in Competitive Negotiating Power

LOS ANGELES, April 30 /PRNewswire-FirstCall/ -- One-third of REALTOR.com's 4.4 million property listings -- over 1.55 million homes for sale -- are updated every fifteen minutes, delivering the freshest, most current collection of real estate listings on the world wide web. This means agents and brokers with listings on REALTOR.com can give their clients the edge in finding their next home by delivering reliable information on new listings, price reductions, expanded descriptions, and new photos.

"In an ever-changing market, people searching stale listings can easily lose their dream homes to competing buyers," said Rei Mesa, president and COO of Prudential Florida WCI Realty. "Having the freshest listings available gives them a competitive edge, helps them stay current with price changes, bid and price effectively, and negotiate the best deals with clarity and confidence. Move.com and REALTOR.com have done a tremendous job increasing the quantity and freshness of their real estate listings."

According to a June 2007 study by dVOC Insights LLC, home buyers believe the currency of listings to be an important factor in choosing a website to search for a home. Because one in three home-buyers look at listings daily, according to the same study, consumer interest in having access to the freshest most frequently updated listings is justified.

At program inception in August 2007, 37 multiple listing services (MLS) initially pushed fifteen-minute updates to REALTOR.com on 500,000 listings. Today, 203 MLS systems now feed REALTOR.com updates every fifteen minutes on 1.55 million listings, while another 2 MLS's provide updates every four hours and 180 MLSs feed 438,000 listings twice daily to REALTOR.com. Move, Inc., which operates the official website of the National Association of REALTORS, continues to encourage more multiple listing services to provide refreshed feeds to the industry leader four times an hour.

REALTOR.com President Errol Samuelson spearheaded the company's 15-minutes fresh update campaign last year, believing the currency of listings to be critical to consumers especially during challenging real estate markets.

"On average about 13,600 homes(1) are sold in America every day and roughly the same number go up for sale on the nation's 900 multiple listing services," Samuelson said. "Tens of thousands more listings have price changes or updated information that could change the property's appeal to prospective buyers. The most sophisticated tools for searching and analyzing listings are only as good as the freshness of the data. REALTOR.com is committed to providing real estate professionals with an edge in providing their prospects and clients with relevant and vital information."

Samuelson goes on to explain that if consumers are looking at a database of information that's 24-hours old, they may miss out on opportunities or make very costly decisions.

To help consumers stay up-to-date on listing information and opportunities, REALTOR.com keeps buyers informed about listing updates by sending emails or RSS alerts when new listings match a consumer's saved search criteria or when an important change, such as a price adjustment, is made. Later this year, listings on REALTOR.com will feature a time stamp to tell consumers exactly when a listing was last updated.

"At REALTOR.com, consumers can search with confidence that they're looking at listings fresher than those on any other site," Samuelson said. "REALTOR.com and Move are committed to leveraging the latest technology to reinforce our position as the trusted leader and most-searched site in real estate."

ABOUT REALTOR.COM

REALTOR.com(R), where the world shops for real estate online, is operated by Move, Inc., and is the official Web site of the National Association of REALTORS. Ranked as the #1 homes-for-sale site, REALTOR.com currently offers potential home buyers access to over four million property listings, as well as the most brokers and agents. It also provides REALTORS and the home sellers they represent with the Internet's largest real estate marketplace, reaching more than 6.2 million consumers in March 2008(1). Agents and companies have the power to customize REALTOR.com resources to maximize their brand and productivity.

REALTOR(R) and REALTOR.com(R) are registered trademarks of the NATIONAL ASSOCIATION OF REALTORS(R). REALTOR(R) is a federally registered collective membership mark, which identifies a real estate professional who is a Member of the NATIONAL ASSOCIATION OF REALTORS(R) and subscribes to its strict Code of Ethics. All other trademarks appearing above are the property of Move, Inc., or of their other respective owners.

ABOUT MOVE, INC.

Move, Inc. is the leader in online real estate with 9.4 million(2) monthly visitors to its online network of websites. Move, Inc. operates: Move.com(R), a leading destination for information on new homes and rental listings, moving, home and garden and home finance; REALTOR.com, the official Web site of the National Association of REALTORS(R); Welcome Wagon(R); Moving.com; SeniorHousingNet(TM); and TOP PRODUCER(R) Systems. Move, Inc. is based in Westlake Village, California, and employs more than 1600 individuals throughout North America. For more information: http://www.move.com/.

(1) NAR Existing Home Sales Report February 2008 (2) comScore March 2008

This press release may contain forward-looking statements, including information about management's view of Move's future expectations, plans and prospects, within the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks, uncertainties and other factors which may cause the results of Move, its subsidiaries, divisions and concepts to be materially different than those expressed or implied in such statements. These risk factors and others are included from time to time in documents Move files with the Securities and Exchange Commission, including but not limited to, its Form 10-Ks, Form 10-Qs and Form 8-Ks. Other unknown or unpredictable factors also could have material adverse effects on Move's future results. The forward-looking statements included in this press release are made only as of the date hereof. Move cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, Move expressly disclaims any intent or obligation to update any forward-looking statements to reflect subsequent events or circumstances.

(Logo: http://www.newscom.com/cgi-bin/prnh/20080213/MOVEINCLOGO)

Photo: http://www.newscom.com/cgi-bin/prnh/20080213/MOVEINCLOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Move, Inc.

CONTACT: Julie Reynolds of Move, Inc., +1-818-264-5594,
julia.reynolds@move.com; or Sierra Wilson of Edelman, +1-323-202-1416,
sierra.wilson@edelman.com, for Move, Inc.

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

HeartWare Appoints Timothy J. Barberich to Board of DirectorsFounder, Former CEO of Sepracor Inc. (Nasdaq: SEPR)

FRAMINGHAM, Mass. and SYDNEY, Australia, April 30 /PRNewswire-FirstCall/ -- HeartWare Limited today announced that veteran healthcare executive Timothy J. Barberich has been appointed to its Board as a non- executive director, effective immediately.

Barberich, 60, is the founder and former president, chief executive officer and chairman of Marlborough, MA-based Sepracor Inc., a publicly traded pharmaceutical company with 2007 revenues of US$1.2 billion that specializes in developing drugs for respiratory and central nervous system disorders. Barberich founded Sepracor in 1984 and was president and chief executive officer through 1999 when he also became chairman. He retired in May 2007 but remains Sepracor's chairman.

Barberich also serves on the boards of BioSphere Medical, Gemin X Biotechnologies, Resolyx Pharmaceuticals and serves on the Board of Trustees of Boston Medical Center.

"Tim is an extraordinarily experienced healthcare executive. His record of creating, leading and growing private and publicly traded companies in both the pharmaceutical and medical device arena is remarkable," said HeartWare Chairman Mr. Rob Thomas. "Tim's extensive operational, financial and corporate experience will be of great value to HeartWare as we advance our unique HeartWare(R) LVAD System towards an international market launch and the start of our US clinical trial later this year."

Prior to founding Sepracor, Barberich spent 10 years as a senior executive at Bedford, MA-based Millipore Corporation, a company that provides separations products to the life science research, pharmaceutical, biotechnology and electronic markets.

Barberich is a graduate of Kings College. He holds a BS degree in Chemistry.

With the addition of Mr. Barberich, the HeartWare Board of Directors now totals 7 members.

About HeartWare

HeartWare develops and manufactures miniaturized implantable heart pumps, or Left Ventricular Assist Devices (LVADs), designed to treat patients suffering from advanced heart failure. The Company is developing the industry's smallest and least invasive pumps, which it believes will be the key to unlocking the potential of a large and underserved market. The HeartWare(R) LVAD is a full-output pump designed to be implanted in the chest, avoiding the abdominal surgery generally required to implant competing devices. The device is currently the subject of an international clinical trial involving five investigational centres in Europe and Australia. A clinical trial in the U.S. is expected to begin in the first half of 2008.

For further information: http://www.heartware.com.au/ US Investor Relations Howard Leibman Matt Clawson Director Corporate Development Partner HeartWare Limited Allen & Caron, Inc. Email. howard.leibman@heartware.com.au Email. matt@allencaron.com Tel. +61 2 9238 2064 Tel. +1 949 474 4300

HeartWare Limited

CONTACT: Howard Leibman, Director Corporate Development of HeartWare
Limited, +61 2 9238 2064, howard.leibman@heartware.com.au; or US Investor
Relations, Matt Clawson, Partner of Allen & Caron, Inc., +1-949-474-4300,
matt@allencaron.com, for HeartWare Limited

Web site: http://www.heartware.com/
http://www.heartware.com.au/

One-in-Five Employers to Hire Summer Help and Nearly Half to Pay $10 or More Per Hour, According to CareerBuilder.com Survey- Workers Reveal Most Unusual Summer Jobs They've Ever Held -

CHICAGO, April 30 /PRNewswire/ -- Looking to work on more than your tan this summer? Want to get your foot in the door at a top employer? Seasonal hiring for summer jobs is underway. Twenty-three percent of hiring managers plan to hire seasonal workers for the summer this year; 14 percent are undecided. Of those hiring, 66 percent are considering their summer recruits for permanent placement within their organizations, according to CareerBuilder.com's latest survey of more than 3,000 U.S. employers.

In addition to acquiring new skills, summer workers may be acquiring bigger paychecks. Twenty-four percent of employers plan to pay their summer hires and/or interns more this year than they did last year. Nearly half (47 percent) plan to dish out $10 or more per hour; 7 percent will pay $20 or more per hour. Twenty-nine percent anticipate paying between $8 and $10 per hour while 11 percent expect to pay less than $7 per hour.

Comparing industries, it's not surprising that Hospitality and Retail are leading in the number of hiring managers planning to recruit summer workers at 40 percent and 39 percent respectively. Among all employers, the most popular summer positions being offered include:

-- Office support (28 percent) -- Customer service (19 percent) -- Landscape/maintenance (14 percent) -- Research (14 percent) -- Restaurant/food service (8 percent) -- Construction/painting (8 percent) -- Sales (8 percent)

"Summer jobs provide great networking and learning opportunities and should be approached by workers as an extended job interview," said Rosemary Haefner, Vice President of Human Resources for CareerBuilder.com. "Two-thirds of employers plan to hire a portion of their summer help on a permanent basis. If you want to parlay a seasonal stint into a year-round placement, make sure to let your employer know you're interested and showcase your talents through action, results, leadership and accountability."

Haefner recommends the following tips to make the most of your summer job search:

1) Apply now. The majority of employers (70 percent) start recruiting candidates for summer positions before May. Sixteen percent begin recruiting in January and February; 44 percent start recruiting by March. 2) Leverage all your resources. You can find information on summer jobs and internships through online job sites, newspaper classifieds, guidance counselors and college career services and networking with family and friends. 3) Be respectful of the interviewer's time. Research the company you are applying to, arrive for your interview early and show enthusiasm for the position. 4) Dress the part. Appearances are important, so make sure to dress appropriately for your audience. For an interview for an office job, wear a business suit. If you're going for a gig in a retail clothing outlet, make sure to wear clothes from that store. 5) Ask for additional responsibility. Taking on more challenges, asking good questions and showing enthusiasm for the position and company are great ways to get noticed for permanent placement. Unusual Summer Jobs

In additional to typical summer jobs, the survey also revealed that opportunities arise in unconventional areas as well. When asked about the most unusual or memorable summer jobs they've ever held, workers shared the following responses:

-- Chicken wrangler -- Caretaker for diabetic monkeys -- Clown in an underwater theater -- Cast member in a haunted house -- Bomb painter -- Gopher hunter -- Soap-maker in a mock colonial village -- Picked burnt potato chips off a conveyor belt -- Erased pencil marks out of used books -- Scrubbed rubber ducks for national rubber duck race 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); and 7,688 U.S. employees (employed full-time; not self-employed) 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 and 7,688, one could say with a 95 percent probability that the overall results have a sampling error of +/- 1.75 percentage points and +/- 1.2 percentage points, 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/

Noah Education Holdings' NP Series Digital Learning Device with Graphic Calculator Technology Chosen as Exclusive Learning Device for Mathematics in National Network Originality Competition in China

SHENZHEN, China, April 30 /Xinhua-PRNewswire/ -- Noah Education Holdings Ltd. (''Noah'') , a leading provider of interactive education content in China, today announced that Noah's NP series digital learning device (DLD), with graphic calculator technology, has been chosen as the exclusive learning device for mathematics in China's National Network Originality Competition (NOC).

The NOC is a nationwide competition created to improve students' knowledge of intellectual property rights and innovation. Now in its sixth year, the NOC draws more than 12 million student and teacher participants and approximately 26 million additional people are involved in some capacity. Students and teachers participate first at the city level, then at the county and eventually at the national level. Noah's NP series DLD with graphic calculator technology will be used exclusively in both the Application Math and Discovery Math competitions.

''This exclusive agreement with the NOC demonstrates the strength of the Noah brand and the confidence China's top educators and innovators have in Noah's full-spectrum education products and content," said Noah's chairman and chief executive officer, Mr. Dong Xu, ''We are pleased to work with the NOC and play an important role in generating greater appreciation for and understanding of innovation and intellectual property rights among China's youth.

Mr. Rick Chen, executive vice president of Noah commented, ''Noah is excited to use this opportunity to expose a great number of China's most talented students and teachers to the capabilities of Noah's latest DLDs and superior content offerings. Our goal is to become the brand of choice in supplemental education in China. Participation in China's top educational competitions, like the NOC, will bring more engaged students and teachers into the community of learning we are building around the Noah brand.''

China's annual NOC began in 2002 and now hosts competitions including applied mathematics, graphic design, website design, web-based composition for students, and lecturing ability for participating educators. The mathematics portions of the NOC will take place in July 2008 in the city of Wuhan.

About Noah

Noah Education Holdings Limited (''Noah'') is a leading provider of interactive education content in China. Noah develops and markets interactive multimedia learning materials mainly to complement prescribed textbooks used in China's primary and secondary school curricula. Noah delivers content primarily through handheld digital learning devices, or DLDs. Additionally, Noah operates nine after-school tutoring centers in Chengdu, Chongqing and Beijing as part of its strategy to become China's leading brand in supplemental education content and service.

For more information about Noah, please visit http://www.noahtech.com.cn/ . For investor and media inquiries, please contact: In China: Rick Chen Noah Education Holdings Limited Tel: +86-755-8204-3465 Email: rick_chen@noah21cn.com Helen Plummer Ogilvy Public Relations Worldwide (Beijing) Tel: +86-10-8520-3090 Email: helen.plummer@ogilvy.com In the United States: Jessica Cohen Ogilvy Public Relations Worldwide (New York) Tel: +1-646-460-9989 Email: jessica.cohen@ogilvy.com

Noah Education Holdings Limited

CONTACT: In China, Rick Chen of Noah Education Holdings Limited, +86-755-
8204-3465, or rick_chen@noah21cn.com; Helen Plummer of Ogilvy Public Relations
Worldwide (Beijing), +86-10-8520-3090, or helen.plummer@ogilvy.com; In the
United States, Jessica Cohen of Ogilvy Public Relations Worldwide (New York),
+1-646-460-9989, or jessica.cohen@ogilvy.com

Web site: http://www.noahtech.com.cn/

Hutchison Telecom's Key Performance Indicators for First Quarter 2008 Webcast Presentation and Media Conference Call

6 May 2008 (Tuesday)

HONG KONG, April 30 /Xinhua-PRNewswire-FirstCall/ -- Hutchison Telecommunications International Limited will announce on Tuesday 6 May 2008 the Company's key performance indicators for the first quarter ended 31 March 2008. Details are:

Uploading webcast presentation, press release and announcement Time: About 12:30 to 2:00pm Website: http://www.htil.com/ The presentation will be in English. Media conference call Time: 4:20pm HK Time (0820 GMT) -- Dial in for registration (Conference ID number: K3111656) 4:30m HK Time (0830 GMT) -- Conference call starts Call-in number: 3002 1675 -- Please press *0 to speak to an operator any time you require assistance during the conference call. For enquiries, please contact: Mickey Shiu Ada Yeung Work: +852 2128 3107 Work: +852 2128 3106 Mobile: +852 9092 8233 Mobile: +852 6347 0619 Email: mickeyshiu@htil.com.hk Email: adayeung@htil.com.hk

Hutchison Telecommunications International Limited

CONTACT: Mickey Shiu, +852-2128-3107 or mobile, +852-9092-8233, or
mickeyshiu@htil.com.hk, or Ada Yeung, +852-2128-3106, or +852-6347-0619, or
adayeung@htil.com.hk, both of Hutchison Telecommunications

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

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