MadCap Software and Translations.com Form Strategic Partnership to Streamline Delivery of Best-in-Class, Localized ContentInitial Localization Projects Combining MadCap Flare and Translations.com Services Show Savings of up to 50 Percent

NEW YORK and LA JOLLA, Calif., May 1 /PRNewswire/ -- MadCap Software and Translations.com today announced a strategic partnership to provide solutions for streamlining best-in-class content creation, translation and localization. MadCap is the leader in multi-channel content authoring and a showcase company for Microsoft Visual Studio 2005 and Microsoft XPS. Translations.com is a leading global provider of localization services and globalization management software with over 50 offices on four continents. Initial localization projects utilizing Translations.com's services and content created by MadCap Flare, the industry's first native XML authoring software, have resulted in cost savings of up to 50 percent.

"In working with MadCap Flare, we have seen first-hand the significant benefits of using content that has been developed in XML for translation and localization. The clean conversions with Flare and the ability to retain formatting across languages -- whether in print or online -- has allowed us to deliver outstanding quality while reducing the time and costs associated with using traditional document formats and technologies," said Phil Shawe, CEO and president of Translations.com. "We look forward to working with MadCap to help clients use best practices in XML-based content authoring to optimize their localization efforts."

Under terms of the agreement, the companies will promote the combined benefits of using MadCap Flare with Translations.com localization services to streamline the process of delivering best-in-class content and documentation in multiple languages. Translations.com supports enterprise-scale customer-facing globalization initiatives by melding workflow and technology with on-brand linguistic and cultural adaptation. The native XML-based MadCap Flare provides robust, single-source multi-channel content creation and delivery. With its future-proof, highly interoperable XML foundation, Flare eliminates the special programming and workarounds required by traditional authoring tools based on older proprietary platforms. Moreover, Flare features Unicode support and extended language support to facilitate content development in Asian and European languages, including Eastern European.

"Translations.com is one of the premier localization service providers in the world with a proven methodology and long track record of success in localizing the content of Global 2000 companies," said Anthony Olivier, MadCap CEO. "It is rewarding to see the early gains it has realized in cutting the cost and time of localization for customers who have used Flare for their content delivery. We are excited to team with Translations.com in bringing the combined benefits of state-of-the-art translation services and XML-based content authoring to the growing number of enterprises that conduct business worldwide."

About Translations.com

Translations.com is a leading provider of software, website, and enterprise-wide localization services, as well as localization-related technology products. Translations.com solutions allow customers to conduct business more effectively in international markets. The company has a global presence on four continents and services a variety of clients with dedicated practice groups for every major industry. Translations.com is part of the TransPerfect family of companies. For more information, please visit http://www.translations.com/.

About MadCap Software

MadCap Software, headquartered in San Diego, is just a new name for a group of familiar faces that have been leading the technical writing and documentation community for over a decade. With its flagship product, MadCap Flare, MadCap Software is leading the documentation industry into the future. Through its strategic partner Microsoft Corp. , MadCap is delivering solutions optimized for Microsoft Vista, Visual Studio, and the .NET environment. MadCap is home to some of the most experienced software architects and product experts in the industry, including many former core members of eHelp(R) Corporation, creators of RoboHelp(R). Learn more about MadCap Software and its Help authoring suite at http://www.madcapsoftware.com/.

MadCap Software, the MadCap Software logo, MadCap Flare, MadCap Feedback, MadCap Lingo, MadCap Mimic, MadCap Capture, and MadCap Blaze are trademarks or registered trademarks of MadCap Software, Inc., in the United States and/or other countries. Other marks are the properties of their respective owners.

PR Contact: Rebecca Hurst Kinetic.PR for MadCap Software rebecca@kineticprllc.com 650-679-9282

MadCap Software

CONTACT: Rebecca Hurst of Kinetic.PR for MadCap Software,
+1-650-679-9282, rebecca@kineticprllc.com

Web site: http://www.madcapsoftware.com/
http://www.translations.com/

Stinger Systems, Inc. Settles With the SEC

TAMPA, Fla., May 1 /PRNewswire-FirstCall/ -- Stinger Systems, Inc. (BULLETIN BOARD: STIY) , a leader in electro-stun technology today announced that it had reached a settlement agreement with the Securities and Exchange Commission.

Stinger Systems, Inc. said it settled the matter without admitting or denying wrongdoing and has agreed to an injunction barring future violations. Stinger Systems, Inc. also said that no fines or monetary sanctions were levied against the company.

ABOUT STINGER SYSTEMS

Stinger Systems, Inc., a leading provider of electro-stun technologies, develops and sells a broad array of products utilizing advanced electro sparc-pulsed technology to police, corrections, and security sectors worldwide. http://www.stingersystems.com/ .

FORWARD-LOOKING STATEMENTS

This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements are based on Stinger Systems' current intent, belief and expectations. These statements are not guarantees of future performance and are subject to certain risks and uncertainties that are difficult to predict. Actual results may differ materially from these forward-looking statements because of the risks described in Stinger Systems' filings with the Securities and Exchange Commission. Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of today's date. Stinger Systems undertakes no obligation to update or revise the information contained in this announcement whether as a result of new information, future events or circumstances, or otherwise

Stinger Systems, Inc.

CONTACT: Robert Gruder, Chairman and President of Stinger Systems, Inc.,
+1-866-788-6746, or info@stingersystems.com

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

Bank of America Introduces Web Site for Non-profit Organizations Seeking Foundation GrantsLarge-scale Online Resource Dedicated to Helping Non-profits Search and Apply for Grants

BOSTON, May 1 /PRNewswire/ -- Bank of America today announced a new, national Web site through which non-profit organizations can research and apply for grants from nearly 70 foundations managed by Bank of America. In its role of distributing more than $350 million annually to charities on behalf of the foundations for which it serves as trustee or grant-making agent, Bank of America Philanthropic Management now offers enhanced search and online access to detailed information about an array of foundations.

(Logo: http://www.newscom.com/cgi-bin/prnh/20050720/CLW086LOGO-b )

The company has redesigned and significantly broadened the capabilities of its public-facing "Search for Grants" (http://www.bankofamerica.com/grantmaking ) site, providing non-profits with a single point of access to the financial services industry's most sophisticated, comprehensive online resource in support of these organizations' fundraising efforts.

"We are proud to work with more than 2,000 foundations nationwide that have such a profound impact on a wide variety of social issues," said Cary Grace, Bank of America National Institutional Advisory Solutions Executive. "Through our efforts to strengthen our online philanthropic management capabilities, Bank of America is reaffirming its commitment to fulfilling the charitable intent of each client donor in accordance with their philanthropic missions, and to providing information and tools non-profits need to increase their fundraising efficiency."

The following key enhancements made to the new Bank of America "Search for Grants" site improve non-profit organizations' online grant research and application experience, increase fundraising efficiency, and offer greater overall awareness of the private foundations managed by the company:

-- Find a Foundation - Search for a foundation by individual criteria, such as name, geographic coverage area, and focus area, including arts and culture, education, health and human services, among others. Advanced search capabilities allow non-profits to further narrow their search by combining criteria, such as region and focus area (i.e. Connecticut and Education). -- Single point of access - Gather information about each foundation through a consolidated portal that allows non-profits to quickly determine a foundation's mission, regional application procedures, proposal deadlines, contact information, and whether or not their organization may qualify for a grant based on the foundation's application criteria. -- Grant-making History - To help non-profits gain a better understanding of our client foundations' grant-making history, Bank of America has posted recent grants awarded by each foundation that can be searched by geographic area. -- Standard Application Format - An "Applications & Procedures" section of each foundation's portal site offers instructions, requirements and links to grant application forms. Most foundations allow for Bank of America to present these forms in a Standard Grant Application format helping to further simplify and streamline this process. Application documents required by each foundation must then be submitted by mail or email to the respective contact name and by the appropriate deadline. Applicants must be classified by the Internal Revenue Service (IRS) as a 501(c)(3) public charity. -- Increased Transparency - Bank of America has designed this portal in part to provide greater visibility into and awareness of the foundations it manages, including how they give, what they give and to whom.

Resource constraints on non-profit organizations and demand for greater transparency of foundations managed by financial institutions have ignited an industry-wide movement to increase public knowledge of grant-making vehicles. With this site, Bank of America has set a much needed standard for helping non-profits to more easily and accurately find and apply for the best potential sources of funding - while increasing the efficiency of their organizations' research and development staffs.

Currently, the Bank of America "Search for Grants" site serves as an introductory portal to foundations distributing charitable grants primarily in the following states: Connecticut, Illinois, Massachusetts, New Jersey, New York and Rhode Island among others. The company plans to increase its national footprint of client foundations available through its online search capabilities from nearly 70 to as many as 100 by year-end.

Bank of America Philanthropic Management

Bank of America Philanthropic Management delivers expertise and comprehensive services to help clients build and sustain their philanthropic missions. The company leads the industry in serving both individual and institutional clients by seamlessly integrating philanthropy into their broader financial relationships. Bank of America serves as grant-making agent, trustee or co-trustee for over 2,000 private foundations, and advises more than 10,000 clients nationwide who entrust the company with over $35 billion in assets, as of December 31, 2007.

Bank of America

Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services. The company provides unmatched convenience in the United States, serving more than 59 million consumer and small business relationships with more than 6,100 retail banking offices, nearly 18,500 ATMs and award-winning online banking with nearly 25 million active users. Bank of America is the No. 1 overall Small Business Administration (SBA) lender in the United States and the No. 1 SBA lender to minority-owned small businesses. The company serves clients in more than 150 countries and has relationships with 99 percent of the U.S. Fortune 500 companies and 83 percent of the Fortune Global 500. Bank of America Corporation stock is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange.

Photo: http://www.newscom.com/cgi-bin/prnh/20050720/CLW086LOGO-b
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Bank of America

CONTACT: Matt Card, Bank of America, +1-617-434-1388,
matthew.card@bankofamerica.com

Web site: http://www.bankofamerica.com/
http://www.bankofamerica.com/grantmaking

Pioneer Petroleums Taps Global Payments for MasterCard(R) PayPass(TM) TransactionsService Station Chain Joins Global Payments' Growing List of Canadian Merchants Accepting MasterCard PayPass "Tap & Go(TM)" Contactless Payment Technology

ATLANTA and TORONTO, May 1 /PRNewswire-FirstCall/ -- Global Payments Inc. , a world leader in electronic transaction processing services, announced today that Pioneer Petroleums, one of Ontario's largest independent gasoline retailers, is now accepting MasterCard(R) PayPass(TM), an innovative, contactless payment option for speed and convenience at the register. The fast-growing service, which allows consumers to pay for goods and services with the simple tap of their payment card, is available at more than 140 Pioneer locations across Ontario.

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

"Global Payments has had a long standing relationship with Pioneer Petroleums and we are very pleased to be able to add them to Global Payments expanding list of merchants that are MasterCard PayPass enabled across Canada," said Global Payments Canada President, Jordan E. Cohen. "Providing our customers with leading-edge payment technology and processing capabilities remains the cornerstone of our service commitment."

"The implementation and adoption of MasterCard Pay Pass technology aligns well with Pioneer's commitment to enhance our customers overall shopping experience at Pioneer, by offering convenience and speed to the transaction process," said Vice President, Marketing & Merchandising, Pioneer Petroleums, David MacFarlane. "We believe Pioneer service stations are an ideal environment for MasterCard PayPass technology, as it will help streamline an often time-consuming activity for drivers who frequently do not have time to spare."

PayPass offers consumers a convenient alternative to cash by completing small ticket purchases quickly, securely and easily. Pioneer customers with a MasterCard PayPass card or device can also pay for purchases in-store. With PayPass, there is no longer the need to fumble for cash and coins, enter a PIN, swipe a card, or sign a receipt for any PayPass purchase under $50.

"We believe that the security, speed and convenience of using MasterCard PayPass at the register and gas pump will improve cardholders' overall retail experience," said Vice President, Acceptance and Merchant Development, MasterCard Canada, William Giles. "2008 will be another milestone year for MasterCard PayPass in Canada. Increased card availability will help bring the benefits of PayPass to more Canadians."

MasterCard PayPass uses radio frequency technology to transmit payment details wirelessly between the PayPass device and the merchant's terminal. The transaction is then processed through the MasterCard network for clearing and settlement. PayPass cards can also be used in the traditional manner anywhere MasterCard is accepted around the world. MasterCard PayPass is ideal for traditional cash-heavy environments where speed is essential, and has led the way in bringing contactless technology to consumer categories where quick service is essential.

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

About Pioneer Petroleums

Founded in Hamilton, Ontario in 1956, Pioneer Petroleums is a dynamic, Canadian-owned network of convenience gasoline retail locations offering one- stop shopping to motorists across Ontario. Pioneer delivers the products and services today's busy consumers want most - quality fuel and automotive products, car washes, ATM bank machines, snack foods, soft drinks, newspapers and magazines, tobacco products, fresh hot coffee and much, much more.

About MasterCard Worldwide

MasterCard Worldwide advances global commerce by providing a critical economic link among financial institutions, businesses, cardholders and merchants worldwide. As a franchisor, processor and advisor, MasterCard develops and markets payment solutions, processes over 18 billion transactions each year, and provides industry-leading analysis and consulting services to financial institution customers and merchants. Through its family of brands, including MasterCard(R), Maestro(R) and Cirrus(R), MasterCard serves consumers and businesses in more than 210 countries and territories. For more information go to http://www.mastercard.com/.

This announcement may contain forward-looking statements pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward looking statements involve risks and uncertainties such as product demand, market and customer acceptance, the effect of economic conditions, competition, pricing, development difficulties, foreign currency risks, costs of capital, continued certification by credit card associations, the ability to consummate and integrate acquisitions, and other risks detailed in the Company's SEC filings, including the most recently filed Form 10-Q or Form 10-K, as applicable. The Company undertakes no obligation to revise any of these statements to reflect future circumstances or the occurrence of unanticipated events.

Global Payments Contact: Phyllis McNeill 770-829-8245 Voice phyllis.mcneill@globalpay.com Pioneer Contact: Harvey D. Dyck 905-633-3453 Voice harveyd@pioneer.ca MasterCard Canada Contact: Julie Wilson 416-365-5594 Julie_Wilson@mastercard.com

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

CONTACT: Phyllis McNeill of Global Payments, +1-770-829-8245,
phyllis.mcneill@globalpay.com; Harvey D. Dyck of Pioneer, +1-905-633-3453,
harveyd@pioneer.ca; Julie Wilson of MasterCard Canada, +1-416-365-5594,
Julie_Wilson@mastercard.com

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

Thomas Friedman to Discuss Global Implications of Energy Policy at Energy Efficiency Forum, June 10-11 in Washington, D.C.Co-hosts Johnson Controls and USEA expect energy policy and presidential politics to provide potent mix

WASHINGTON, May 1 /PRNewswire/ -- With an intense global interest in climate change and a new administration poised to take office, the nation is increasingly attuned to the potential for groundbreaking energy and climate change policy. At the 19th annual Energy Efficiency Forum, titled What's Happening Now and What's Next?, June 10 - 11, 2008, business and government experts will explore how new leadership can build on public and private sector initiatives to develop large-scale energy efficiency programs that will have significant economic and environmental impact.

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

The confirmed keynote speaker is Pulitzer Prize-winning, New York Times columnist Thomas Friedman, author of The World is Flat. In addition to providing an overview of his upcoming book Hot, Flat and Crowded, Friedman will discuss the global implications of energy policy, the economy and environment with Robert K. Watson, founder of the U.S. Green Building Council's LEED Green Building Rating System, and David B. Goldstein, co-director of the Natural Resources Defense Council's Energy Program. Also confirmed is Steven Specker, president, Electric Power Research Institute (EPRI). Specker will address his organization's focus on research and development on technology, operations and the environment for the global electric power sector.

The Energy Efficiency Forum annually draws approximately 300 top-level business and energy decision makers. Past speakers include President George W. Bush, Sen. Hillary Clinton and every U.S. Secretary of Energy since 1990.

"For 19 years, the Energy Efficiency Forum has delivered an exciting platform for discussion between public and private sector leaders who are focused on making energy efficiency a priority for our nation and our world," noted Barry Worthington, executive director of United States Energy Association and co-chair of the Forum. "Our list of confirmed and invited speakers and the excitement of having the presidential election around the corner will make this one of the liveliest events we've ever held."

Worthington said the Forum is still accepting nominations for energy leadership awards. Honors include: Congressional Award, Public Service Award, International Award, Governor's Award and Mayor's Award (Click here for details on these awards: http://eeforum.net/awards.html).

The mission of the Energy Efficiency Forum is to be the premier forum that promotes an energy efficiency ethic through the presentation of national and worldwide views on energy efficiency and the resulting impact on the environment, national security and economic growth.

About United States Energy Association

The United States Energy Association (USEA) is the U.S. Member Committee of the World Energy Council (WEC). USEA is an association of public and private energy-related organizations, corporations, and government agencies. It represents the broad interests of the U.S. energy sector by increasing the understanding of energy issues, both domestically and internationally. In conjunction with the U.S. Agency for International Development and the U.S. Department of Energy, USEA sponsors our nation's Energy Partnership Program. Membership in USEA is open to all organizations having an interest in the energy sector of the United States. For more information, please visit http://www.usea.org/.

About Johnson Controls

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

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

CONTACT: Darryll L. Fortune of Johnson Controls, +1-414-524-7770,
darryll.l.fortune@jci.com; or Samuel Wells, +1-717-393-3831, ext. 146, mobile,
+1-717-823-1855, swells@godfrey.com, for Johnson Controls

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

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

Photon Dynamics Announces Agreement With C Sun Manufacturing Ltd.

SAN JOSE, Calif., May 1 /PRNewswire-FirstCall/ Photon Dynamics, Inc. , today announced it entered a manufacturing agreement with C Sun Manufacturing Ltd. in Taiwan. Under the terms of the agreement, C Sun will manufacture earlier generation ArraySaver(TM) repair systems. The ArraySaver product line is Photon Dynamics' market leading LCD array repair system which utilizes multiple wavelength laser technology to repair defects in flat panel displays during and after array fabrication. Shipments from their Taiwan facility is expected to begin in the June 2008 quarter.

"This agreement reinforces our ongoing effort to execute our flexible business model and margin improvement initiatives," commented Jeff Hawthorne, president and CEO of Photon Dynamics. "C Sun's ability to produce cost effective platforms for our earlier generation array repair systems should improve our margins. The outsource manufacturing agreement allows us to address the LCD equipment capital spending ramp up period without increasing the fixed cost."

About Photon Dynamics, Inc.

Photon Dynamics, Inc. is a global supplier utilizing advanced machine vision technology for market leading liquid crystal display (LCD) flat panel display test and repair systems and for high performance digital imaging systems for defense, surveillance, industrial inspection and medical imaging applications. For more information about Photon Dynamics, visit its website at http://www.photondynamics.com/.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995

This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as PDI or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements in this release that describe our business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. These forward-looking statements are based on current expectations on the date of this press release and involve a number of uncertainties and risks including but not limited to: cancellation or delay of the purchase order by customer which would resulting termination of our exclusive supply relationship, and those risks and uncertainties described in the section entitled "Management's Discussion and Analysis of Financial Condition and Results of Operations" under the caption "Factors Affecting Operating Results" in Photon Dynamics' Annual Report on Form 10-K for the year ended September 30, 2007 and the Quarterly Report on Form 10-Q for the quarter ended December 31, 2007 as filed with the Securities and Exchange Commission. As a result, actual results may differ substantially from expectations. Photon Dynamics undertakes no obligation to update or revise any forward-looking statements, whether as a result of new developments or otherwise.

Photon Dynamics, Inc.

CONTACT: So-Yeon Jeong, Vice President, Investor Relations and Marketing
Communications of Photon Dynamics, Inc., +1-408-360-3084,
soyeon.jeong@photondynamics.com

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

Expedia, Inc. Reports First Quarter 2008 ResultsMerchant Hotel and Advertising Fuel 21% OIBA Growth

BELLEVUE, Wash., May 1 /PRNewswire-FirstCall/ -- Expedia, Inc. today announced financial results for its first quarter ended March 31, 2008.

"With over $20 billion in annual gross bookings and excellent first quarter results, Expedia(R) is far and away the leader in online travel services," said Barry Diller, Expedia, Inc.'s Chairman and Senior Executive. "Our unique mix of both transactional and advertising revenues, each operating at meaningful scale, continues to deliver strong profitable growth."

"Expedia employees around the globe continued to execute in the first quarter, delivering record gross bookings and solid OIBA growth," said Dara Khosrowshahi, Expedia, Inc.'s CEO and President. "While 2008 continues to present an uncertain economic backdrop, Expedia remains focused on investing in our leadership position to drive growth in long-term free cash flow and shareholder value."

Financial Summary & Operating Metrics (figures in MM's, except per share amounts)

3 Months 3 Months Y / Y Metric Ended 3.31.08 Ended 3.31.07 Growth --------- -------------- --------------- -------- Transactions 12.6 10.9 16% Gross bookings $5,902.5 $4,924.1 20% Revenue $687.8 $550.5 25% Revenue margin 11.65% 11.18% +47 bps Gross profit $535.9 $429.2 25% Operating income before amortization* ("OIBA") $125.9 $104.4 21% Operating income $90.0 $67.3 34% Adjusted net income* $71.0 $59.6 19% Net income $51.3 $34.8 48% Adjusted EPS* $0.24 $0.18 33% Diluted EPS $0.17 $0.11 55% Net cash provided by operating activities $563.8 $538.1 5% Free cash flow* $530.6 $519.7 2% * "Operating income before amortization," "Adjusted net income," "Adjusted EPS," and "Free cash flow" are non-GAAP measures as defined by the Securities and Exchange Commission (the "SEC"). Please see "Definitions of Non-GAAP Measures" and "Tabular Reconciliations for Non-GAAP Measures" on pages 15-18 herein for an explanation of non-GAAP measures used throughout this release. Effective Q108 we have amended the definition of Adjusted net income and Adjusted EPS. Discussion of Results Gross Bookings & Revenue

Gross bookings increased 20% for the first quarter of 2008 compared with the first quarter of 2007. North America bookings increased 15%, Europe bookings increased 34% (25% excluding the net benefit from foreign exchange) and Other bookings (primarily Expedia(R) Corporate Travel and our Asia Pacific operations) increased 31%.

Revenue increased 25% for the first quarter, primarily driven by increased worldwide merchant hotel revenue and advertising and media revenue. North America revenue increased 22%, Europe revenue increased 33% (23% excluding foreign exchange) and Other revenue increased 38%.

Worldwide merchant hotel revenue increased 22% for the first quarter due to a 23% increase in room nights stayed, including rooms delivered as a component of vacation packages, offset slightly by a 1% decrease in revenue per room night. Revenue per room night decreased due to a 108 basis point decline in hotel margin, partially offset by a 3% increase in worldwide average daily rates.

Worldwide air revenue increased 18% for the first quarter due to an 11% increase in air tickets sold and a 6% increase in revenue per air ticket.

Worldwide revenue from products and services other than merchant hotel and air (including advertising and media, car rentals, destination services, agency hotel and cruises), increased 39% for the first quarter due primarily to increased advertising and media revenues and car rental revenues. Package revenue increased 13% primarily due to higher package gross bookings worldwide.

Revenue as a percentage of gross bookings ("revenue margin") was 11.65% for the first quarter, an increase of 47 basis points. North America revenue margin increased 68 basis points to 12.10%, Europe revenue margin decreased 6 basis points to 11.65%, and Other revenue margin increased 39 basis points to 8.41%. The first quarter increase in North America revenue margin was primarily due to an increased mix of advertising and media revenues as compared to first quarter 2007. Europe revenue margin decreased primarily due to lower revenue from more competitive hotel pricing and lower consumer air fees. Worldwide and segment revenue margins benefited from higher revenues associated with completed Easter travel, which occurred in the first quarter of 2008 compared to the second quarter of 2007.

Profitability

Gross profit for the first quarter of 2008 was $536 million, an increase of 25% compared with the first quarter of 2007 due to increased revenue.

OIBA for the first quarter increased 21% to $126 million, driven primarily by higher revenue. OIBA as a percentage of revenue decreased 66 basis points to 18.30%, primarily reflecting higher growth in sales and marketing expenses excluding stock-based compensation as a percentage of revenue. Operating income increased 34% to $90 million primarily due to the same factors driving OIBA growth as well as lower amortization and stock based compensation as a percentage of revenue.

Adjusted net income for the first quarter increased $11 million compared to the prior year period driven by higher OIBA, partially offset by a higher net interest expense. Net income increased $17 million due to the same factors impacting adjusted net income as well as an unrealized gain on the Ask convertible notes ("Ask Notes"), compared to an unrealized loss in the prior year period, partially offset by an increase in net foreign exchange losses. First quarter adjusted EPS and diluted EPS were $0.24 and $0.17, respectively. These measures increased 33% and 55% due to higher net income and lower weighted average share counts primarily resulting from shares repurchased in August 2007.

Cash Flows & Working Capital

For the three months ended March 31, 2008, net cash provided by operating activities was $564 million and free cash flow was $531 million. Both measures include $457 million from net changes in operating assets and liabilities, primarily driven by our merchant hotel business. Free cash flow for the first quarter increased $11 million due primarily to increased net changes in operating assets and liabilities and higher OIBA, partially offset by increased capital expenditures and an increase in cash paid for interest and taxes as compared with the prior year period.

Recent Highlights Global Presence * Gross bookings from Expedia, Inc.'s international points of sale were $1.90 billion in the first quarter, accounting for 32% of worldwide bookings, up from 28% in the prior year period. International revenue was $221 million in the first quarter, or 32% of worldwide revenue, up from 29% in the prior year period. * Expedia, Inc. launched its 17th and 18th Expedia-branded points of sale -- http://www.expedia.co.in(tm/) in India and http://www.expedia.be(tm/) in Belgium. * The TripAdvisor(R) Media Network continued to expand its global presence, entering the Asia Pacific market with the launch of http://www.bookingbuddy.in(tm/) in India. Brand Portfolio * Expedia's private label group, Expedia(R) Distribution, entered new partnerships with ExpressJet, Frontier Airlines, BMI and British Columbia Automobile Association Travel Agency, as well as Sky Travel, the first partner to integrate both TripAdvisor traveler reviews and Expedia Distribution's white label booking engine. * Expedia, Inc. expanded its brand portfolio with three acquisitions including CarRentals.com(TM), the premier online car rental firm offering a diverse selection of car rentals directly to travelers, HolidayWatchdog.com(TM), a UK-based user-generated travel content site, and airfarewatchdog.com(TM), an online source of airfare deals. * hotels.com(R) signed a new multi-year strategic partnership with Air Canada, enabling aircanada.com visitors to access the full range of hotels.com's inventory of nearly 80,000 properties worldwide. * TripAdvisor entered its first content distribution partnership with a tourist board, Visit London, whose home page displays TripAdvisor reviews for London attractions and hotels along with its "Trip's Top 10" lists. Total reviews and opinions on TripAdvisor sites reached the 15 million milestone in less than a year since hitting 10 million in June 2007. * hotels.com was named the "Best Site for Booking Hotels in the United States" and the "Best Site for Booking Hotels in Europe" by Conde Nast Traveler magazine, which recommended its 800,000 monthly readers use the site "anytime you're shopping online for a hotel stay." * Expedia Corporate Travel ("ECT") emphasized its commitment to offering the best value with the U.S. launch of the Expedia Corporate Travel Promise, which includes a flight price guarantee. Customers who find a lower fare after booking a trip can receive a refund of the difference or be rebooked at no additional charge. * In a recent roundup titled "Hot Links: 10 Sites You Need to Bookmark Now," the New York Post named TripAdvisor as the "Best Hotel Portal" and referred to it as "our favorite source for candid hotel info" while airfarewatchdog.com was named "Top Fare Finder." Content & Innovation * Hotwire(R) launched its "Hotel Deal Engine" feature, allowing visitors to the "Hotels" area of the site to see a current list of Hotwire's very best deals, tailored to desired locations and refreshed hourly. * Expedia.co.jp(TM) introduced a lowest price guarantee and eliminated its cancellation fee, assuring its customers of the most competitive prices and flexibility while offering the broadest selection of hotels of any travel site in Japan, with more than 40,000 properties currently available on its site. Also, Japanese travelers are now able to purchase air tickets on Expedia.co.jp as a result of its recent affiliation with World Travel System. * ECT introduced new services geared toward the corporate travel manager, including DataMinder(TM), which sends real-time email notifications to travel managers such as total air spend, market share by city pair and carrier and average nightly room rate by city. ECT also launched enhanced security services which facilitate travel monitoring and use daily global intelligence data to help companies enhance travel security. Partner Services Group ("PSG") * Expedia signed a strategic agreement with Air Berlin Group, making all fares, schedules and inventory available on Expedia and hotels.com branded points of sale. * ECT expanded its offerings with key inventory expansion. The Expedia Corporate Rate hotel program in the U.S. now includes 2,200 hotels offering additional amenities and savings of up to 25% off standard rates and customers can now book flights on 14 European low cost carriers and ExpressJet in the U.S. EXPEDIA, INC. CONSOLIDATED STATEMENTS OF INCOME (in thousands, except per share data) (Unaudited) Three months ended March 31, ------------------------------ 2008 2007 -------------- ------------- Revenue $687,817 $550,511 Cost of revenue (1) 151,943 121,298 -------------- ------------- Gross profit 535,874 429,213 Operating expenses: Selling and marketing (1) 287,122 222,268 General and administrative (1) 88,401 76,163 Technology and content (1) 52,302 42,252 Amortization of intangible assets 18,051 21,196 -------------- ------------- Operating income 89,998 67,334 Other income (expense): Interest income 8,115 7,269 Interest expense (15,700) (11,176) Other, net (3,673) (5,495) -------------- ------------- Total other expense, net (11,258) (9,402) -------------- ------------- Income before income taxes and minority interest 78,740 57,932 Provision for income taxes (28,972) (23,612) Minority interest in loss of consolidated subsidiaries, net 1,538 456 -------------- ------------- Net income $51,306 $34,776 ============== ============= Net earnings per share available to common stockholders: Basic $0.18 $0.11 Diluted 0.17 0.11 Shares used in computing earnings per share: Basic 285,117 307,828 Diluted 294,031 323,749 (1) Includes stock-based compensation as follows: Cost of revenue $675 $883 Selling and marketing 3,739 3,235 General and administrative 8,950 7,669 Technology and content 4,442 4,073 -------------- ------------- Total stock-based compensation $17,806 $15,860 ============== ============= EXPEDIA, INC. CONSOLIDATED BALANCE SHEETS (in thousands, except per share data) March 31, December 31, 2008 2007 -------------- ------------- (Unaudited) ASSETS Current assets: Cash and cash equivalents $697,868 $617,386 Restricted cash and cash equivalents 29,854 16,655 Accounts receivable, net of allowance of $7,785 and $6,081 367,930 268,008 Prepaid merchant bookings 103,302 66,778 Prepaid expenses and other current assets 99,586 76,828 -------------- ------------- Total current assets 1,298,540 1,045,655 Property and equipment, net 184,422 179,490 Long-term investments and other assets 101,733 93,182 Intangible assets, net 978,683 970,757 Goodwill 6,067,395 6,006,338 -------------- ------------- TOTAL ASSETS $8,630,773 $8,295,422 ============== ============= LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable, merchant $794,173 $704,044 Accounts payable, other 168,144 148,233 Deferred merchant bookings 1,127,352 609,117 Deferred revenue 18,372 11,957 Accrued expenses and other current liabilities 260,356 301,001 -------------- ------------- Total current liabilities 2,368,397 1,774,352 Long-term debt 500,000 500,000 Credit facility 240,000 585,000 Deferred income taxes, net 360,958 351,168 Other long-term liabilities 215,010 204,886 Minority interest 59,972 61,935 Commitments and contingencies Stockholders' equity: Preferred stock $.001 par value - - Authorized shares: 100,000 Series A shares issued and outstanding: 1 and 1 Common stock $.001 par value 339 337 Authorized shares: 1,600,000 Shares issued: 338,569 and 337,057 Shares outstanding: 260,582 and 259,489 Class B common stock $.001 par value 26 26 Authorized shares: 400,000 Shares issued and outstanding: 25,600 and 25,600 Additional paid-in capital 5,922,732 5,902,582 Treasury stock - Common stock, at cost (1,728,363) (1,718,833) Shares: 77,986 and 77,568 Retained earnings 653,510 602,204 Accumulated other comprehensive income 38,192 31,765 -------------- ------------- Total stockholders' equity 4,886,436 4,818,081 -------------- ------------- TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $8,630,773 $8,295,422 ============== ============= EXPEDIA, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands) (Unaudited) Three months ended March 31, ------------------------------ 2008 2007 -------------- ------------- Operating activities: Net income $51,306 $34,776 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation of property and equipment, including internal-use software and website development 17,068 14,388 Amortization of intangible assets and stock- based compensation 35,857 37,056 Deferred income taxes 7,908 4,443 Unrealized (gain) loss on derivative instruments, net (4,980) 1,391 Equity in loss of unconsolidated affiliates 823 1,295 Minority interest in loss of consolidated subsidiaries, net (1,538) (456) Foreign exchange (gain) loss on cash and cash equivalents, net (234) 1,879 Other 615 367 Changes in operating assets and liabilities, net of effects from acquisitions: Accounts receivable (93,285) (71,588) Prepaid merchant bookings and prepaid expenses (66,372) (58,135) Accounts payable, merchant 88,014 55,309 Accounts payable, other, accrued expenses and other current liabilities 3,995 35,681 Deferred merchant bookings 518,219 480,365 Deferred revenue 6,383 1,285 -------------- ------------- Net cash provided by operating activities 563,779 538,056 -------------- ------------- Investing activities: Capital expenditures, including internal-use software and website development (33,188) (18,332) Acquisitions, net of cash acquired (82,455) (39,851) Increase in long-term investments and deposits (7,157) (28,507) -------------- ------------- Net cash used in investing activities (122,800) (86,690) -------------- ------------- Financing activities: Credit facility borrowings - 150,000 Credit facility repayments (345,000) (150,000) Changes in restricted cash and cash equivalents (14,756) (9,489) Proceeds from exercise of equity awards 1,665 8,272 Excess tax benefit on equity awards 1,333 820 Treasury stock activity (9,488) (666,483) Other, net - 393 -------------- ------------- Net cash used in financing activities (366,246) (666,487) Effect of exchange rate changes on cash and cash equivalents 5,749 (431) -------------- ------------- Net increase (decrease) in cash and cash equivalents 80,482 (215,552) Cash and cash equivalents at beginning of period 617,386 853,274 -------------- ------------- Cash and cash equivalents at end of period $697,868 $637,722 ============== ============= Supplemental cash flow information Cash paid for interest $25,511 $19,555 Income tax payments, net 7,604 3,151 Income Statement Notes Gross Bookings / Revenue * Expedia, Inc. makes travel products and services available on a merchant and agency basis. Merchant transactions, which primarily relate to hotel bookings, typically produce a higher level of net revenue per transaction and are generally recognized when the customer uses the travel product or service. Agency revenues are generally recognized at the time the reservation is booked and primarily relate to air transactions. * Merchant bookings accounted for 44% of total gross bookings in the first quarter compared to 42% in the prior year period due to growth in our merchant hotel business. Cost of Revenue * Cost of revenue primarily consists of: (1) costs of our call and data centers, including telesales expense; (2) credit card merchant fees; (3) fees paid to fulfillment vendors for processing airline tickets and related customer services; (4) costs paid to suppliers for certain destination inventory; and (5) reserves and related payments to airlines for tickets purchased with fraudulent credit cards. * Cost of revenue was 22.1% of revenue for the first quarter of 2008 compared to 22.0% in the prior year period. Excluding stock-based compensation, cost of revenue was 22.0% of revenue for the first quarter of 2008 compared to 21.9% in the prior year period. * Cost of revenue includes depreciation expense of $4 million for the first quarter of 2008, and $3 million for the comparable 2007 period. Operating Expenses (non-GAAP) (Stock-based compensation expense has been excluded from all calculations and discussions below) * Operating expenses in millions and as a percentage of revenue for the first quarter of 2008 and 2007 were as follows (some numbers may not add due to rounding): Operating Expenses As a % of Revenue --------------------- ------------------- Three months Three months Change ended March 31, ended March 31, in ---------------- ---------------- 2008 2007 Growth 2008 2007 bps ------ ------ ------ ------ ------ ----- Selling and marketing $283.4 $219.0 29% 41.2% 39.8% 141 General and administrative 79.5 68.5 16% 11.6% 12.4% (89) Technology and content 47.9 38.2 25% 7.0% 6.9% 2 ------ ------ ------ ------ ------ ----- Total operating expenses $410.7 $325.7 26% 59.7% 59.2% 55

Operating expenses include $13 million of depreciation expense for the first quarter of 2008, and $11 million for the comparable prior year period.

Selling and Marketing (non-GAAP) o Selling and marketing expense primarily relates to traffic generation costs from search engines, brand advertising (primarily television), our private label and affiliate programs and internet portals. o Approximately 23% and 22% of selling and marketing expense in the first quarter of 2008 and 2007 relate to indirect costs, including personnel in PSG, TripAdvisor, Europe, ECT and Expedia Local Expert(TM) ("ELE"). o The 29% increase in selling and marketing expense in the first quarter was primarily due to increased direct online and brand spend to support our worldwide points of sale, including spend in North America for Expedia.com, our TripAdvisor network, hotels.com, and Hotwire, and in Europe for our hotels.com and Expedia sites, as well as our private label and affiliate channels. In addition, we had increased personnel costs related to TripAdvisor, PSG, our European businesses, ECT, ELE and other teams. o We expect selling and marketing expense to increase as a percentage of revenue in 2008 compared to 2007 as we continue to support our established brands and geographies, experience continued keyword inflation, invest in our global advertising and media businesses, grow our earlier stage international markets, and expand our various sales teams in PSG, ECT and ELE. General and Administrative (non-GAAP) o General and administrative expense consists primarily of personnel-related costs for support functions that include our executive leadership, finance, legal, tax, technology and human resources functions, and fees for professional services that typically relate to legal, tax or accounting engagements. o The 16% increase in general and administrative expense in the first quarter was primarily due to overall growth of the business including costs related to our corporate functions including the information technology group, our European businesses and expansion of TripAdvisor. o We expect general and administrative expense as a percentage of revenue in 2008 to remain relatively similar to our 2007 level. Technology and Content (non-GAAP) o Technology and content expense includes product development expenses principally related to payroll and related expenses, professional fees, licensing costs and software development cost amortization. o The 25% increase in technology and content expense in the first quarter was due to increased personnel costs related to our North America businesses, primarily TripAdvisor, and our product development organization, as well as an increase in software development cost amortization. o Given historical and ongoing investments in our enterprise data warehouse, re-platforming, geographic expansion, call center technology, site merchandising, content management, corporate travel, supplier integration and other initiatives, we expect technology and content expense to increase as a percentage of revenue in 2008 compared to 2007. Stock-Based Compensation Expense * Stock-based compensation expense relates primarily to expense for stock options and restricted stock units ("RSUs"). Since February 2003 we have awarded RSUs as our primary form of employee stock-based compensation. Our stock-based awards generally vest over five years. * First quarter stock-based compensation expense was $18 million, consisting of $15 million in expense related to RSUs and $3 million in stock option expense. * First quarter stock-based compensation expense increased $2 million compared to the prior year period primarily due to higher expense related to RSU grants, partially offset by the completed vesting of option awards. * Assuming, among other things, no meaningful modification of existing awards, incremental award grants or adjustments to forfeiture estimates, we expect annual stock-based compensation expense will be less than $70 million in 2008. Other, Net * The improvement in other, net for the first quarter primarily relates to a $5 million gain on the Ask Notes, compared with a $1 million loss in the prior year period and lower losses in our joint venture investments, which were partially offset by an $8 million net foreign exchange loss in the first quarter of 2008, compared with a $3 million net loss in the prior year period. * Foreign exchange losses increased primarily due to increased losses from eLong's U.S. dollar-denominated cash position and the appreciation of the Chinese renminbi. Income Taxes * The effective tax rates on GAAP pre-tax income were 36.8% for the first quarter of 2008 and 40.8% in the prior year period. The decrease in the effective rate was primarily due to a non-taxable gain on derivatives in the first quarter of 2008 as compared to a non-deductible loss in the prior year period. The effective tax rate for the first quarter of 2008 was higher than the 35% federal statutory rate primarily due to state income taxes and accruals related to uncertain tax positions, partially offset by non-taxable gains related to our derivative liabilities. * The effective tax rates on pre-tax adjusted income were 38.0% for the first quarter of 2008 and 38.6% in the prior year period. The effective tax rate for the first quarter of 2008 was higher than the 35% federal statutory rate primarily due to state income taxes and accruals related to uncertain tax positions. * Cash paid for income taxes in the first quarter of 2008 was $8 million, an increase of $4 million from the prior year. We anticipate lower stock-based compensation related tax deductions in 2008 than in 2007, and therefore expect cash tax payments for full year 2008 will increase significantly compared with 2007. Foreign Exchange * As Expedia's reporting currency is the U.S. dollar ("USD"), reported financial results are affected by the strength or weakness of the USD in comparison to the currencies of the international markets in which we operate. Management believes investors may find it useful to assess growth rates both with and without the impact of foreign exchange. * The estimated impact on worldwide and Europe growth rates from foreign exchange in the first quarter 2008 was as follows (some numbers may not add due to rounding): Worldwide Europe ----------------------------- ---------------------------- Impact Impact on on Y/Y Y/Y Y/Y Y/Y growth growth growth growth rates rates rates rates excluding from excluding from Y/Y foreign foreign Y/Y foreign foreign growth exchange exchange growth exchange exchange rates movements movements rates movements movements -------- ---------- ----------- ------ ---------- ---------- Three months ended March 31, 2008 Gross Bookings 19.9% 16.8% 3.1% 33.7% 24.8% 8.9% Revenue 24.9% 21.8% 3.1% 33.1% 23.3% 9.8% * The positive impact of foreign exchange on our cash balances denominated in foreign currency was $6 million in the first quarter of 2008, and is included in "effect of exchange rate changes on cash and cash equivalents" on our statements of cash flows. This amount reflects a net increase of $6 million from 2007 primarily due to higher average foreign-denominated cash balances. Acquisitions * The impact of acquisitions on the growth of gross bookings, revenue and OIBA in the first quarter is as follows (some numbers may not add due to rounding): Worldwide ---------------------------------------------- Y/Y growth Impact on rates Y/Y growth Three months ended Y/Y growth excluding rates from March 31, 2008 rates acquisitions acquisitions -------------- -------------- ------------- Gross Bookings 19.9% 19.7% 0.2% Revenue 24.9% 23.4% 1.5% OIBA 20.6% 19.1% 1.5% * During the first quarter of 2008 we used a total of $82 million for acquisitions. One of the acquisitions was for a controlling interest with certain provisions which may result in additional payments for the remainder of the acquired company through 2011. Adjusted Net Income & Adjusted EPS * During the first quarter of 2008, we began to exclude foreign exchange gains or losses on USD cash balances held by eLong from adjusted net income and adjusted EPS, as we expect to use the cash to settle foreseeable USD obligations and commitments only. Losses were $5 million ($3 million or $0.01 per share net of minority interest), and $1 million ($1 million or $0.00 per share net of minority interest) for the quarters ended March 31, 2008 and 2007, respectively. Balance Sheet Notes Cash, Cash Equivalents and Restricted Cash * Cash, cash equivalents and restricted cash totaled $728 million at March 31, 2008. This amount includes $30 million in restricted cash and cash equivalents primarily related to merchant air revenue transactions, and $159 million of cash at eLong, whose results are consolidated in our financial statements due to our controlling voting and economic ownership position. * The $94 million increase in cash, cash equivalents and restricted cash for the three months ended March 31, 2008 principally relates to $457 million net benefit from changes in operating assets and liabilities and $126 million in OIBA, partially offset by $345 million in payments on our revolving credit facility, $90 million in acquisitions, long-term investments and deposits, and $33 million of capital expenditures. Accounts and Notes Receivable * Accounts receivable include receivables from credit card agencies, corporate clients and advertising partners as well as receivables related to agency transactions including those due from airlines and GDS partners. * Accounts and notes receivable increased $100 million from December 31, 2007 primarily due to a seasonal increase in our merchant business operations and, to a lesser extent, growth in our advertising and media businesses. Prepaid Merchant Booking, Prepaid Expenses and Other Current Assets * Prepaid merchant bookings primarily relate to our merchant air business and reflect prepayments to our airline partners for their portion of the gross booking, prior to the travelers' dates of travel. The $37 million increase in prepaid merchant bookings from December 31, 2007 is due to a seasonal increase in our merchant air business. * Prepaid expenses and other current assets are primarily composed of prepaid marketing, prepaid merchant fees, prepaid license and maintenance agreements, and prepaid insurance. Long-Term Investments and Other Assets * Long-term investments and other assets include transportation equipment, collateral deposits related to our cross-currency swap agreements, equity investments, and capitalized debt issuance costs. Goodwill and Intangible Assets, Net * Goodwill and intangible assets, net primarily relates to the acquisitions of hotels.com, Expedia.com, and Hotwire.com. * $868 million of intangible assets, net relates to intangible assets with indefinite lives, which are not amortized, principally related to acquired trade names and trademarks. * $111 million of intangible assets, net relates to intangible assets with definite lives, which are generally amortized over a period of two to ten years. The majority of this amortization is not deductible for tax purposes. * Amortization expense related to definite lived intangibles was $18 million for the first quarter 2008 compared with $21 million for the prior year period. This decrease was primarily due to the completed amortization of certain technology intangible assets over the past year. Assuming no impairments or additional acquisitions, we expect amortization expense for definite lived intangibles of $43 million for the remainder of 2008 and $23 million in 2009. Accounts Payable, Other * Accounts payable, other primarily consists of payables related to the day-to-day operations of our business. * Accounts payable, other increased $20 million from December 31, 2007 primarily due to an increase in accrued marketing expenses related to growth in marketing at our various points of sale. Deferred Merchant Bookings and Accounts Payable, Merchant * Deferred merchant bookings consist of amounts received from travelers who have not yet traveled and the balances generally mirror the seasonality pattern of our gross bookings. The payment to suppliers related to these bookings is generally made within two weeks after booking for air travel and, for all other merchant bookings, after the customer's use of services and subsequent billing from the supplier, which billing is reflected as accounts payable, merchant on our balance sheet. Therefore, especially for merchant hotel, there is a significant period of time from the receipt of cash from our travelers to supplier payment. * As long as the merchant hotel business continues to grow and our business model does not meaningfully change, we expect that changes in working capital related to this business will continue to be a positive contributor to operating and free cash flow. If this business declines or if the model changes significantly, it would negatively affect our working capital. * For the three months ended March 31, 2008, the change in deferred merchant booking and accounts payable, merchant contributed $606 million to net cash provided by operating activities, primarily related to growth in our merchant hotel business. Accrued Expenses and Other Current Liabilities * Accrued expenses and other current liabilities principally relate to accruals for cost of service related to our call center and internet services, accruals for service, bonus, salary and wage liabilities, a reserve related to the potential settlement of occupancy tax issues, and accrued interest on our Notes and credit facility. * Accrued expenses and other current liabilities include the fair value of our Ask Notes, which are due June 1, 2008 (see "Ask Derivative Liability"). * Accrued expenses and other current liabilities include an obligation to pay an additional purchase price of $92 million based on the financial performance of one of our acquisitions made in 2007, which we expect to pay in the second quarter of 2008. * Accrued expenses and other current liabilities decreased $41 million from December 31, 2007 primarily due to payment of annual incentive compensation for performance in 2007, which is traditionally paid in the first quarter of each year, and payment of accrued interest. Ask Derivative Liability * In connection with IAC/InterActiveCorp's acquisition of Ask, we issued 4.3 million shares of Expedia, Inc. common stock into an escrow account, which shares (or cash in equal value) are due to holders of Ask convertible notes upon conversion. These shares have been included in diluted shares from the date of our spin-off from IAC. * During the first quarter of 2008 there were no conversions of Ask Notes into common shares. Prior conversions total 3.8 million shares, leaving 0.5 million shares of Expedia common stock (or cash in equal value) due to Ask convertible note holders upon conversion. The Ask Notes are due June 1, 2008; upon maturity our obligation to satisfy demands for conversion ceases. * The estimated fair value of the Ask Notes at March 31, 2008 was $10 million, and is recorded in accrued expenses and other current liabilities on our consolidated balance sheets. * For the first quarter we recorded a net unrealized gain of $5 million related to the Ask Notes due to the decrease in our share price at the end of the first quarter 2008 compared to the end of 2007. This gain is reflected as a decrease in accrued expenses and other current liabilities, is recorded in other, net on our consolidated statements of income and is excluded from both our OIBA and adjusted net income calculations. * We anticipate recording a gain or loss in the second quarter of 2008 representing an adjustment of the fair value of our remaining Ask Notes' liability from March 31, 2008 up to and including expiration on June 1, 2008. Borrowings * Expedia, Inc. maintains a $1 billion unsecured revolving credit facility, which expires in August 2010. As of March 31, 2008, we had $240 million in borrowings outstanding under our revolver reflecting a reduction of $345 million since December 31, 2007. * Outstanding borrowings bear interest based on our financial leverage, which based on our March 31, 2008 financials equated to a base rate plus 62.5 basis points. At our discretion we can choose a base rate equal to (1) the greater of the Prime rate or the Federal Funds Rate plus 50 basis points or (2) various durations of LIBOR. The base rate on all current borrowings is 1-month LIBOR. * As of March 31, 2008 we were in compliance with the leverage and net worth covenants under the credit facility. Outstanding letters of credit under the facility as of that date were $66 million, which balance reduces our available borrowing capacity. * Long-term debt relates to $500 million in registered 7.456% Senior Notes (the "Notes") due 2018, which were issued in August 2006. The Notes are repayable in whole or in part on August 15, 2013 at the option of the note holders. We may redeem the Notes at any time at our option. * Semi-annual interest expense related to the Notes is $19 million, paid on February 15 and August 15 of each year. Accrued interest related to the notes was $5 million at March 31, 2008 and is classified as accrued expenses and other current liabilities on our balance sheet. Other Long-Term Liabilities * Other long-term liabilities include $175 million in uncertain tax positions recorded under FIN 48 compared to $172 million at December 31, 2007. * Other long-term liabilities also includes $26 million of derivative liabilities, primarily related to cross-currency swaps, which increased $5 million from December 31, 2007 primarily due to the weakening of the USD compared with the euro. Minority Interest * Minority interest primarily relates to the minority ownership position in eLong, an entity in which we own a 56% interest (51% fully-diluted) and results for which are consolidated for all periods presented. * During the first quarter of 2008 eLong approved a $20 million share repurchase program. Purchase Obligations and Contractual Commitments * At March 31, 2008 we have agreements with certain vendors under which we have future minimum obligations of $21 million for the remainder of 2008 and $6 million in 2009. These minimum obligations for telecom, loyalty, software, marketing agreements and other support services are less than our projected use for those periods, and we expect payment to be more than the minimum obligations based on our actual use. * In conjunction with our investment in a travel company, we have entered into a commitment to provide a $10 million revolving operating line of credit and a credit facility for up to $20 million. $1 million was drawn on the line of credit and no amounts were drawn on the credit facility as of March 31, 2008. * In June 2007, we entered into a lease for new headquarters office space located in Bellevue, Washington for which we will recognize rent expense beginning in May 2008 in addition to rent expense on our present location. The ten-year term and cash payments related to this lease are expected to begin in November 2008. * Our estimated future minimum rental payments under operating leases with noncancelable lease terms that expire after December 31, 2007 are $25 million for the remainder of 2008, $34 million for 2009, $31 million for 2010, $30 million for 2011, $29 million for 2012, and $103 million for 2013 and thereafter. Common Stock * In August 2006 our Board of Directors authorized the repurchase of up to 20 million common shares. There is no fixed termination date for the authorization, and as of the date of this release we have not repurchased any shares under this authorization. Class B Common Stock * There are approximately 26 million shares of Expedia Class B common stock outstanding, all of which are owned by Liberty Media Corporation and its subsidiaries ("Liberty"). Class B shares are entitled to ten votes per share when voting on matters with the holders of Expedia common and preferred stock. * Through the common stock our Chairman and Senior Executive, Barry Diller, owns directly, as well as the common stock and Class B stock for which he has been assigned an irrevocable proxy from Liberty, Mr. Diller had a controlling 60% voting interest in Expedia, Inc. as of April 15, 2008. Warrants * As of March 31, 2008 we had 58.5 million warrants outstanding, which, if exercised in full, would entitle holders to acquire 34.6 million common shares of Expedia, Inc. for an aggregate purchase price of approximately $774 million (representing an average of approximately $22 per Expedia, Inc. common share). * 32.2 million of these warrants are privately held and expire in 2012, and 26.0 million warrants are publicly-traded and expire in 2009. There are 0.3 million other warrants outstanding. Shelf Registration * In October 2007 we filed a shelf registration statement with the SEC, under which we may offer from time to time debt securities, guarantees of debt securities, preferred stock, common stock or warrants. The shelf registration statement expires in October 2010. Stock-Based Awards * At March 31, 2008 we had 19.2 million stock-based awards outstanding, consisting of stock options to purchase 9.5 million common shares with a $25.05 weighted average exercise price and weighted average remaining life of 4.6 years, as well as 9.7 million RSUs. * Annual employee RSU grants typically occur during the first quarter of each year. During each of the first quarters of 2008 and 2007 we granted 3.1 million RSUs. Net of cancellations, expirations and forfeitures occurring during the quarter, RSUs increased by 2.8 million in the first quarter of 2008 and 2.4 million in the prior year period. Basic, Fully Diluted and Adjusted Diluted Shares * Weighted average basic, fully diluted and adjusted diluted share counts for the three months ended March 31, 2008 are as follows (in 000's): 3 Months Ended 3 Months Ended Shares 3.31.08 3.31.07 -------- ---------- ---------- Basic shares 285,117 307,828 ---------- ---------- Options 1,471 8,301 Warrants 5,624 4,998 Derivative liabilities 463 608 RSUs 1,356 2,013 ---------- ---------- Fully diluted shares 294,031 323,749 Additional RSUs, Adjusted Income method 7,200 5,964 ---------- ---------- Adjusted diluted shares 301,231 329,713 ========== ========== * The decrease in basic, fully diluted and adjusted diluted shares for the quarter ended March 31, 2008 as compared to the prior year period primarily relates to the completion of our tender offer for 25 million shares in August 2007 and the exercise of stock options and related cancellation of shares for tax withholding. * The maximum possible dilution from various warrant issuances is 34.6 million shares, including 18.4 million shares related to warrants expiring in the first quarter of 2009. As of March 31, 2008, in-the-money warrants expiring in the first quarter of 2009 represented the right to purchase 11.2 million shares, which is significantly higher than the 5.6 million shares represented by warrants above primarily due to offsetting repurchases assumed under the treasury method for diluted share calculations. Expedia, Inc. Trended Operational Metrics (All figures in millions, except per share amounts) * The following metrics are intended as a supplement to the financial statements found in this press release and in our filings with the SEC. In the event of discrepancies between amounts in these tables and our historical financial statements, readers should rely on our filings with the SEC and financial statements in our most recent earnings release. * We intend to periodically review and refine the definition, methodology and appropriateness of each of our supplemental metrics. As a result, these metrics are subject to removal and/or change, and such changes could be material. See footnote below. * "Expedia Worldwide" gross bookings constitute bookings from all Expedia-branded properties, including our international sites and worldwide ECT businesses, as well as affiliates. "hotels.com Worldwide" gross bookings constitute bookings from all hotels.com-branded properties, including our international sites and affiliates. "Other" gross bookings constitute bookings from Hotwire(R), eLong, and all brands other than Expedia Worldwide and hotels.com Worldwide. * These metrics do not include adjustments for one-time items, acquisitions, foreign exchange or other adjustments. * Some numbers may not add due to rounding. 2006 ----------------------------------------------- Q1 Q2 Q3 Q4 ----------- ---------- --------- --------- Number of Transactions* 10.4 10.4 10.3 8.8 Gross Bookings by Segment North America $3,522 $3,445 $3,104 $2,666 Europe* 711 674 724 613 Other 347 368 365 344 ----------- ---------- --------- --------- Total* $4,580 $4,487 $4,193 $3,623 Gross Bookings by Brand Expedia Worldwide Sites* $3,631 $3,537 $3,300 $2,920 Hotels.com Worldwide Sites 582 621 600 456 Other 367 330 293 246 ----------- ---------- --------- --------- Total* $4,580 $4,487 $4,193 $3,623 Gross Bookings by Agency/Merchant* Agency $2,650 $2,675 $2,429 $2,213 Merchant 1,930 1,812 1,763 1,410 ----------- ---------- --------- --------- Total* $4,580 $4,487 $4,193 $3,623 Revenue by Segment North America $382 $456 $450 $379 Europe 85 112 134 121 Other 27 30 30 32 ----------- ---------- --------- --------- Total $494 $598 $614 $531 Packages Revenue $114 $131 $125 $107 Advertising and Media Revenue $21 $22 $25 $27 OIBA by Segment North America $147 $212 $204 $172 Europe 15 40 48 55 Other (74) (68) (72) (81) ----------- ---------- --------- --------- Total $89 $184 $180 $146 Diluted EPS $0.06 $0.27 $0.17 $0.20 Adjusted EPS** $0.15 $0.32 $0.34 $0.28 Worldwide Merchant Hotel Room Nights* 8.0 10.0 10.9 8.6 Room Night Growth* 7% 13% 11% 7% ADR Growth* 3% 7% 4% 8% Revenue per Night Growth -4% 4% 3% 7% Revenue Growth 3% 17% 14% 15% Worldwide Air (Merchant & Agency) Tickets Sold Growth* 2% -4% -7% 1% Airfare Growth* 9% 13% 11% 3% Revenue per Ticket Growth* -9% -10% -17% -14% Revenue Growth -7% -13% -23% -14% 2007 2008 ----------------------------------- ---------- Y/Y Q1 Q2 Q3 Q4 Q1 Growth --------- ------- -------- ------- ---------- ------- Number of Transactions* 10.9 11.8 11.9 10.5 12.6 16% Gross Bookings by Segment North America $3,559 $3,723 $3,519 $3,136 $4,087 15% Europe* 940 939 1,074 919 1,257 34% Other 425 466 465 466 559 31% --------- ------- -------- ------- ---------- ------- Total* $4,924 $5,128 $5,058 $4,522 $5,902 20% Gross Bookings by Brand Expedia Worldwide Sites* $3,947 $4,034 $3,887 $3,547 $4,631 17% Hotels.com Worldwide Sites 612 696 730 579 745 22% Other 365 399 441 396 527 44% --------- ------- -------- ------- ---------- ------- Total* $4,924 $5,128 $5,058 $4,522 $5,902 20% Gross Bookings by Agency/Merchant* Agency $2,850 $2,959 $2,808 $2,659 $3,301 16% Merchant 2,075 2,169 2,249 1,862 2,602 25% --------- ------- -------- ------- ---------- ------- Total* $4,924 $5,128 $5,058 $4,522 $5,902 20% Revenue by Segment North America $406 $505 $534 $452 $494 22% Europe 110 145 183 169 146 33% Other 34 39 42 45 47 38% --------- ------- -------- ------- ---------- ------- Total $551 $690 $760 $665 $688 25% Packages Revenue $111 $132 $140 $128 $125 13% Advertising and Media Revenue $37 $44 $51 $51 $64 73% OIBA by Segment North America $164 $227 $239 $192 $195 19% Europe 26 43 68 71 30 19% Other (85) (83) (94) (97) (100) NM --------- ------- -------- ------- ---------- ------- Total $104 $187 $213 $165 $126 21% Diluted EPS $0.11 $0.30 $0.32 $0.22 $0.17 55% Adjusted EPS** $0.18 $0.35 $0.39 $0.32 $0.24 33% Worldwide Merchant Hotel Room Nights* 8.3 11.0 12.7 10.2 10.2 23% Room Night Growth* 3% 10% 16% 18% 23% 23% ADR Growth* 9% 6% 6% 7% 3% 3% Revenue per Night Growth 13% 4% 5% 4% -1% -1% Revenue Growth 17% 14% 22% 23% 22% 22% Worldwide Air (Merchant & Agency) Tickets Sold Growth* 5% 14% 15% 15% 11% 11% Airfare Growth* 1% -3% 2% 9% 8% 8% Revenue per Ticket Growth* -20% -18% -5% -2% 6% 6% Revenue Growth -16% -7% 9% 13% 18% 18% * Q108 and historical metrics have been slightly revised to exclude an unconsolidated joint venture in Europe. There was no impact to revenue, OIBA, cash flows or cash balances as a result of these changes. If the joint venture had been included, Q108 transactions would have been 12.7 million, worldwide gross bookings $6.01 billion, Europe gross bookings $1.37 billion, Expedia Worldwide Sites gross bookings $4.7 billion, room nights 10.4 million, tickets sold growth 10%, and revenue per ticket growth 7%. Room night growth, ADR growth, and airfare growth would not have changed from the metrics shown above. ** Effective Q108 we have amended the definition of Adjusted EPS and the revised measures are shown above. For quantitative reconciliation of Adjusted EPS presented above to the most directly comparable amounts reported in accordance with GAAP, please refer to Exhibit 99.2 to our Current Report on Form 8-K filed on May 1, 2008, in connection with this earnings release. Notes & Definitions:

Number of Transactions -- Quantity of purchases reported as booked, net of cancellations. Packages purchased using our packages wizard, which by definition include a merchant hotel, are recorded as a single transaction.

Gross Bookings -- Total retail value of transactions booked for both agency and merchant transactions, recorded at the time of booking. Bookings include the total price due for travel, including taxes, fees and other charges, and are generally reduced for cancellations and refunds.

North America -- Reflects results for travel products and services provided to customers in the United States, Canada, Mexico and Latin America. Includes 100% of TripAdvisor as it is managed in North America.

Europe -- Reflects results for travel products and services provided through localized Expedia websites in Austria, Belgium, Denmark, France, Germany, Ireland, Italy, the Netherlands, Norway, Spain, Sweden and the United Kingdom and localized versions of hotels.com in various European countries.

Other -- Includes Expedia Corporate Travel, Asia Pacific and unallocated corporate functions and expenses.

Merchant Hotel Room Nights -- Worldwide merchant hotel nights, net of cancellations. With the exception of Hotwire, which records room nights upon booking, nights are reported as stayed. This metric includes nights stayed on both a package and stand-alone basis.

Definitions of Non-GAAP Measures

Expedia, Inc. reports Operating Income Before Amortization, Adjusted Net Income, Adjusted EPS, Free Cash Flow and non-GAAP operating expense (non-GAAP selling and marketing, non-GAAP general and administrative and non-GAAP technology and content), all of which are supplemental measures to GAAP and are defined by the SEC as non-GAAP financial measures. These measures are among the primary metrics by which management evaluates the performance of the business, on which internal budgets are based and by which management is compensated. Management believes that investors should have access to the same set of tools that management uses to analyze 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. We endeavor to compensate for the limitation of the non-GAAP measures presented by also providing the most directly comparable GAAP measures and descriptions of the reconciling items and adjustments to derive the non-GAAP measures.

Operating Income Before Amortization ("OIBA") is defined as operating income plus: (1) stock-based compensation expense, (2) amortization of intangible assets and goodwill and/or intangible asset impairment, if applicable and (3) certain one-time items, if applicable. OIBA represents the combined operating results of Expedia, Inc.'s businesses, taking into account depreciation (including internal-use software and website development), which we believe is an ongoing cost of doing business, but excluding the effects of other non-cash expenses that may not be indicative of our core business operations. Management believes this measure is useful to investors because it corresponds more closely to the cash operating income generated from our core operations by excluding significant non-cash operating expenses such as stock-based compensation, and because it provides greater insight into management decision making at Expedia, Inc. as OIBA is our primary internal metric for evaluating the performance of our businesses. OIBA has certain limitations in that it does not take into account the impact of certain expenses to Expedia, Inc.'s statements of income, including stock-based compensation, acquisition-related accounting and certain one-time items, if applicable. Due to the high variability and difficulty in predicting certain items that affect net income, such as tax rates, stock price and interest rates, Expedia, Inc. is unable to provide a reconciliation to net income on a forward-looking basis without unreasonable efforts.

Adjusted Net Income generally captures all items on the statements of income that have been, or ultimately will be, settled in cash and is defined as net income available to stockholders plus net of tax (1) stock-based compensation expense, (2) amortization of intangible assets, including as part of equity-method investments, and goodwill and/or intangible impairment, if applicable, (3) one-time items, (4) mark to market gains and losses on derivative liabilities, (5) currency gains or losses on U.S. dollar denominated cash equivalents held by eLong, (6) discontinued operations and (7) the minority interest impact of the aforementioned adjustment items. We believe Adjusted Net Income is useful to investors because it represents Expedia, Inc.'s combined results, taking into account depreciation, which management believes is an ongoing cost of doing business, but excluding the impact of other non-cash expenses and items not directly tied to the core operations of our businesses.

Adjusted EPS is defined as Adjusted Net Income divided by weighted fully diluted shares outstanding for Adjusted EPS purposes. We include dilution from options and warrants per the treasury stock method and include all shares relating to RSUs in shares outstanding for Adjusted EPS. This differs from the GAAP method for including RSUs, which treats them on a treasury method basis. 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, Expedia's consolidated results, taking into account depreciation, which we believe is an ongoing cost of doing business, as well as other items which are not allocated to the operating businesses such as interest expense, taxes, foreign exchange gains or losses, and minority interest, but excluding the effects of non-cash expenses not directly tied to the core operations of our businesses. Adjusted Net Income and Adjusted EPS have similar limitations as OIBA. In addition, Adjusted Net Income does not include all items that affect our net income and net income per share for the period. Therefore, we think it is important to evaluate these measures along with our consolidated statements of income.

Free Cash Flow is defined as net cash flow provided by operating activities less capital expenditures. Management believes Free Cash Flow is useful to investors because it represents the operating cash flow that our operating businesses generate, less capital expenditures but before taking into account other cash movements that are not directly tied to the core operations of our businesses, such as financing activities, foreign exchange or certain investing activities. 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. Therefore, it is important to evaluate Free Cash Flow along with the consolidated statements of cash flows.

Non-GAAP cost of revenue, selling and marketing, general and administrative and technology and content expenses excluding stock-based compensation exclude stock-based compensation related to expenses for stock options, restricted stock units and other equity compensation under FAS 123(R). Expedia, Inc. excludes stock-based compensation expenses from these measures primarily because they are non-cash expenses that we do not believe are necessarily reflective of our ongoing cash operating expenses and cash operating income. In addition, due to historical accounting charges and credits related to our spin-off from IAC, changes in forfeiture estimates and other events, stock-based compensation has been highly variable in some historical quarters, impairing year-on-year and quarter-to-quarter comparability. Moreover, because of varying available valuation methodologies, subjective assumptions and the variety of award types that companies can use when adopting FAS 123(R), management believes that providing non-GAAP financial measures that exclude stock-based compensation allows investors to make meaningful comparisons between our recurring core business operating results and those of other companies, as well as providing management with an important tool for financial operational decision making and for evaluating our own recurring core business operating results over different periods of time. There are certain limitations in using financial measures that do not take into account stock-based compensation, including the fact that stock- based compensation is a recurring expense and a valued part of employees' compensation. Therefore it is important to evaluate both our GAAP and non-GAAP measures. See the Note to the Consolidated Statements of Income for stock- based compensation by line item.

Tabular Reconciliations for Non-GAAP Measures Operating Income Before Amortization Three months ended March 31, ------------------------------ 2008 2007 -------------- ------------- (in thousands) OIBA $125,855 $104,390 Amortization of intangible assets (18,051) (21,196) Stock-based compensation (17,806) (15,860) -------------- ------------- Operating income 89,998 67,334 Interest expense, net (7,585) (3,907) Other, net (3,673) (5,495) Provision for income taxes (28,972) (23,612) Minority interest in loss of consolidated subsidiaries, net 1,538 456 -------------- ------------- Net income $51,306 $34,776 ============== ============= Adjusted Net Income & Adjusted EPS Three months ended March 31, ------------------------------ 2008 2007 -------------- ------------- (in thousands, except per share data) Net income $51,306 $34,776 Amortization of intangible assets 18,051 21,196 Stock-based compensation 17,806 15,860 Foreign currency loss on U.S. dollar cash balances held by eLong 5,275 1,163 Unrealized (gain) loss on derivative instruments, net (4,980) 1,391 Amortization of intangible assets as part of equity method investments 650 - Minority interest (2,201) (717) Provision for income taxes (14,908) (14,086) -------------- ------------- Adjusted net income $70,999 $59,583 ============== ============= GAAP diluted weighted average shares outstanding 294,031 323,749 Additional restricted stock units 7,200 5,964 -------------- ------------- Adjusted weighted average shares outstanding 301,231 329,713 ============== ============= Diluted earnings per share $0.17 $0.11 ============== ============= Adjusted earnings per share $0.24 $0.18 ============== ============= Free Cash Flow Three months ended March 31, ------------------------------ 2008 2007 -------------- ------------- (in thousands) Net cash provided by operating activities $563,779 $538,056 Less: capital expenditures (33,188) (18,332) -------------- ------------- Free cash flow $530,591 $519,724 ============== =============

Non-GAAP cost of revenue, selling and marketing, general and administrative and technology and content expenses excluding stock-based compensation

Three months ended March 31, ----------------------------- 2008 2007 ------------ ----------- (in thousands) Cost of revenue $151,943 $121,298 Less: stock-based compensation (675) (883) ------------ ----------- Cost of revenue excluding stock-based compensation $151,268 $120,415 Selling and marketing expense $287,122 $222,268 Less: stock-based compensation (3,739) (3,235) ------------ ----------- Selling and marketing expense excluding stock-based compensation $283,383 $219,033 General and administrative expense $88,401 $76,163 Less: stock-based compensation (8,950) (7,669) ------------ ----------- General and administrative expense excluding stock-based compensation $79,451 $68,494 Technology and content expense $52,302 $42,252 Less: stock-based compensation (4,442) (4,073) ------------ ----------- Technology and content expense excluding stock-based compensation $47,860 $38,179 Conference Call

Expedia, Inc. will audiocast a conference call to discuss first quarter 2008 financial results and certain forward-looking information on Thursday, May 1, 2008 at 8:00 a.m. Pacific Time (PT). The audiocast will be open to the public and available via http://www.expediainc.com/ir. Expedia, Inc. expects to maintain access to the audiocast on the IR website for approximately three months subsequent to the initial broadcast.

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

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are not guarantees of future performance. These forward-looking statements are based on management's expectations as of May 1, 2008 and assumptions which are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. The use of words such as "intends" and "expects" among others, generally identify forward-looking statements. However, these words are not the exclusive means of identifying such statements. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances are forward-looking statements and may include statements relating to future revenues, expenses, margins, profitability, net income, earnings per share and other measures of results of operation and the prospects for future growth of Expedia, Inc.'s business.

Actual results and the timing and outcome of events may differ materially from those expressed or implied in the forward-looking statements for a variety of reasons, including, among others: changes in Expedia, Inc.'s relationships and contractual agreements with travel suppliers or GDS partners; adverse changes in senior management; the rate of growth of online travel; our inability to recognize the benefits of our investment in technologies; changes in the competitive environment, the e-commerce industry and broadband access and our ability to respond to such changes; declines or disruptions in the travel industry (including those caused by decreased consumer and business spending, adverse weather, bankruptcies, health risks, war, terrorism and/or general economic downturns); the rate of online migration in the various geographies and markets in which Expedia, Inc. operates, including Eastern Europe and Asia; fluctuations in foreign exchange rates; changing laws, rules and regulations and legal uncertainties relating to our business; Expedia, Inc.'s ability to expand successfully in international markets; possible charges resulting from, among other events, platform migration; failure to realize cost efficiencies; the successful completion of any future corporate transactions or acquisitions; and the integration of current and acquired businesses; and other risks detailed in Expedia, Inc.'s public filings with the SEC, including Expedia, Inc.'s annual report on Form 10-K for the year ended December 31, 2007.

Except as required by law, Expedia, Inc. undertakes no obligation to update any forward-looking or other statements included in this press release, whether as a result of new information, future events or otherwise.

About Expedia, Inc.

Expedia, Inc. is the world's leading online travel company, empowering business and leisure travelers with the tools and information they need to easily research, plan, book and experience travel. Expedia, Inc. also provides in-destination concierge service and activity desks for travelers. The Expedia, Inc. portfolio of brands includes: Expedia.com(R), hotels.com(R), Hotwire(R), Expedia(R) Corporate Travel, TripAdvisor(R), Expedia Local Expert(TM), Classic Vacations(R) and eLong(TM). Expedia, Inc.'s companies operate more than 50 global points of sale with sites in North America, South America, Latin America, Europe, Middle East, Africa and Asia Pacific. Expedia, Inc. is a component of the S&P 500 index. For more information, visit http://www.expediainc.com/.

Expedia and Expedia.com are either registered trademarks or trademarks of Expedia, Inc. in the U.S. and/or other countries. Classic Vacations is either a trademark or registered trademark of Classic Vacations, LLC in the U.S. and/or other countries. hotels.com is either a trademark or registered trademark of hotels.com, L.P., a subsidiary of hotels.com in the U.S. and/or other countries. Hotwire is either a trademark or registered trademark of Hotwire, Inc. in the U.S. and/or other countries. TripAdvisor is either a trademark or registered trademark of TripAdvisor, LLC in the U.S. and/or other countries. Other logos or product and company names mentioned herein may be the property of their respective owners.

Contacts Investor Relations Communications (425) 679-3555 (425) 679-4317 ir@expedia.com press@expedia.co (C) 2008 Expedia, Inc. All rights reserved. CST: 2029030-40

Expedia, Inc.

CONTACT: Investor Relations, +1-425-679-3555, ir@expedia.com,
Communications, +1-425-679-4317, press@expedia.com

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

MXI Security and Communication Intelligence Corporation Team up to Deliver the First Green Portable Security Solution for Financial InstitutionsMXI Security Recyclable Award Winning Portable Security Devices and CIC's Paperless Biometric and Electronic Signature Solution Offer a Sustainable Approach to Security for Financial Services

REDWOOD SHORES, Calif. and MONTREAL, May 1 /PRNewswire-FirstCall/ -- Communication Intelligence Corporation ("CIC") (BULLETIN BOARD: CICI) , a leading supplier of electronic signature solutions for business process automation in the financial industry and the recognized leader in biometric signature verification, and MXI Security(TM), the leader in providing superior managed portable security solutions, announced today that they have signed a strategic partnership agreement aimed at providing the first environmentally friendly portable electronic signature solution for the financial industry.

The two companies plan to leverage CIC's Sign-it(R) biometric and electronic signature product and, MXI Security's Stealth MXP(TM) Biometric Portable Security Devices and its ACCESS Enterprise(TM) device lifecycle management solution to enable financial services and government customers to benefit from a unique combination of strong authentication and non-repudiation for their daily operations.

"Organizations have long recognized the need for strong forms of authentication for critical applications," stated Guido DiGregorio, CIC's Chairman & CEO. "With this strategic partnership, CIC and MXI Security will provide customers with powerful protection and additional security while enabling the practical application of these devices for use in electronic signature applications affording the benefits of a paperless environment including significantly reduced costs and increased efficiencies."

MXI Security's technology provides a portable and manageable security platform that can host a wide variety of security applications. The ACCESS Enterprise management solution allows organizations to recycle their portable security devices and offers help-desk and recovery options. The driverless approach makes it inexpensive and easy to deploy the technology in a wide combination of network and security environments. A single MXP device can satisfy many of the security needs of an enterprise including strong authentication, public key cryptography for email signing and file encryption, easy provisioning of digital identities for network logins and single sign-on, as well as portable authentication for remote access. MXP devices are also ready for web services and federated digital identity systems with their capability for generating SAML tokens for WS-Trust claims based identity transactions.

CIC's Sign-it(R) products provide a multi-modal eSignature solution that enables organizations to sign documents and process transactions in virtually any environment, leveraging CIC's patented eSignature process. It provides the ability to quickly and easily configure various electronic signature methods including: click-to-sign, PKI, seals, biometric handwritten, voice and fingerprint, to fit the unique requirements of specific transactions.

"The addition of CIC's superior award winning biometric and electronic signature capabilities is an important step forward in extending the range of applications we can add value to with our Stealth MXP biometric devices," stated Lawrence Reusing, MXI's CEO. "Through our strategic partnership with CIC we will help customers effectively address their respective workflow automation needs beyond identity management with practical applications using a proven technology that has been deployed by the world's leading Financial Services Institutions."

About CIC

Communication Intelligence Corporation ("CIC") is a leading supplier of electronic signature solutions for business process automation in the Financial Industry and the recognized leader in biometric signature verification. CIC's products enable companies to achieve truly paperless work flow in their eBusiness processes by enabling them with "The Power to Sign Online(R)" with multiple signature technologies across virtually all applications in SaaS and fully deployed delivery models.

Industry leaders such as AIG, Charles Schwab, Prudential, Nationwide (UK), Snap-on Credit and Wells Fargo chose CIC's products to meet their needs. CIC has deployments with over 400 channel partners and enterprises worldwide representing tens of thousand of users, with over 500 million electronic signatures captured, eliminating the need for over a billion pieces of paper. CIC sells directly to enterprises and through system integrators, channel partners and OEMs. CIC is headquartered in Redwood Shores, California and has a joint venture, CICC, in Nanjing, China. For more information, please visit our website at http://www.cic.com/

About MXI Security

MXI Security is the leader in providing superior managed portable security solutions designed to meet the highest security and privacy standards of even the most demanding customers. MXI Security solutions combine the power of secure storage with identity and access management services. Easy to manage and transparent to the end-user, MXI Security solutions enable organizations to satisfy multiple security needs with a single device, facilitating greater mobility without compromising security. For more information please visit http://www.mxisecurity.com/

Forward Looking Statement

Certain statements contained in this press release, including without limitation, statements containing the words "believes", "anticipates", "hopes", "intends", "expects", and other words of similar import, constitute "forward looking" statements within the meaning of the Private Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors which may cause actual events to differ materially from expectations. Such factors include the following (1) technological, engineering, quality control or other circumstances which could delay the sale or shipment of products containing the Company's technology; (2) economic, business, market and competitive conditions in the software industry and technological innovations which could affect the Company's business; (3) the Company's inability to protect its trade secrets or other proprietary rights, operate without infringing upon the proprietary rights of others or prevent others from infringing on the proprietary rights of the Company; and (4) general economic and business conditions and the availability of sufficient financing.

CIC, its logo, Ceremony, Sign-it and the Power to Sign Online are registered trademarks. All other trademarks and registered trademarks are the property of their respective holders.

Contact Information CIC Investor Relations Inquiries: Chantal Eshghipour 650-802-7740 investorrelations@cic.com MXI Security North America News Media Contact: Jeff Fishburn OnPR for MXI Security Direct: 503.802.4408 Mobile: 503.799.1988 Email: jefff@onpr.com

Communication Intelligence Corporation

CONTACT: Investor Relations Inquiries, Chantal Eshghipour of
Communication Intelligence Corporation, +1-650-802-7740,
investorrelations@cic.com; or North America News Media Contact, Jeff Fishburn
of OnPR, +1-503-802-4408, mobile, +1-503-799-1988, jefff@onpr.com, for MXI
Security

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

Cardica, Intuitive Surgical, MAQUET Cardiovascular and Transonic to Host 'Innovations in Revascularization' Symposium-- Event To Be Held May 12 at 6:00 p.m. Pacific Time in Conjunction with American Association for Thoracic Surgery (AATS) Annual Meeting

N.Y., May 1 /PRNewswire-FirstCall/ -- Cardica, Inc. , Intuitive Surgical, Inc. , MAQUET Cardiovascular LLC and Transonic Systems Inc. today announced they will host an evening symposium entitled "Innovations in Revascularization" in conjunction with the 88th Annual Meeting of the American Association for Thoracic Surgery (AATS) in San Diego. During the symposium, leading cardiothoracic surgeons will discuss the benefits of using new technologies to facilitate off-pump coronary artery bypass (OPCAB) procedures, including minimally invasive robotic-assisted surgery.

This educational event will take place on Monday, May 12, from 6 to 9 p.m. Pacific Time at the W Hotel San Diego and will feature "Enabling Technologies for Minimally Invasive Revascularization." Following presentations by the cardiothoracic surgeons, there will be an opportunity to meet the faculty. This activity is not part of the official scientific program of the AATS Annual Meeting.

"This educational forum is a tremendous opportunity for cardiothoracic surgeons to gain insight into the cutting-edge tools and techniques used to optimize beating-heart revascularization," said Mark W. Connolly, M.D., director of the department of cardiovascular thoracic surgery at Saint Michael's Medical Center in Newark, N.J. "Today, we are able to overcome the barriers presented by OPCAB and minimally invasive revascularization, including robotic-assisted surgery, by using innovative technologies throughout the procedure, resulting in consistent and reproducible outcomes in patients undergoing beating heart coronary artery bypass grafting."

The symposium will be moderated by Husam Balkhy, M.D., of The Wisconsin Heart Hospital, and will feature four cardiac surgeons presenting on the following topics:

-- Mark W. Connolly, M.D., of Saint Michael's Medical Center -- "Cardiac Positioning for Complete Revascularization Off-Pump" -- Marc R. Katz, M.D., of Bon Secours Saint Mary's Hospital -- "Automated Distal Anastomosis Technology in Challenging Coronary Anatomy" -- John D. Puskas, M.D., of Emory University School of Medicine -- "Reduction of Aortic Manipulation via Device-Facilitated Proximal Anastomosis" -- Sudhir P. Srivastava, M.D., of the University of Chicago Medical Center -- "Robotic Revascularization: Redefining Minimally Invasive Cardiac Surgery"

To register for the symposium, please contact Jannette Buchanan at 650-421-7266 or Buchanan@cardica.com or visit Cardica's booth (#935) at the AATS conference.

About Cardica, Inc.

Cardica is a leading provider of automated anastomosis systems for coronary artery bypass graft (CABG) surgery. By replacing hand-sewn sutures with easy-to-use automated systems, Cardica's products provide cardiovascular surgeons with rapid, reliable and consistently reproducible anastomoses, or connections of blood vessels, often considered the most critical aspect of the CABG procedure. Cardica's C-Port(R) Distal Anastomosis Systems are marketed in Europe and the United States. The PAS-Port(R) Proximal Anastomosis System is marketed in Europe and Japan, and Cardica has submitted a 510(k) premarket notification for clearance to market the PAS-Port system in the United States. Cardica also is developing additional devices with Cook Medical to facilitate vascular closure and other surgical procedures.

About Intuitive Surgical, Inc.'s Products

The da Vinci(R) Surgical System consists of a surgeon's viewing and control console having an integrated, high-performance InSite(R) 3-D, high definition vision system, a patient-side cart consisting of three or four robotic arms that position and precisely maneuver endoscopic instruments and an endoscope, and a variety of articulating EndoWrist(R) Instruments. By integrating computer-enhanced technology with surgeons' technical skills, Intuitive believes that its system enables surgeons to perform better surgery in a manner never before experienced. The da Vinci(R) Surgical System seamlessly and directly translates the surgeon's natural hand, wrist and finger movements on instrument controls at the surgeon's console outside the patient's body into corresponding micro-movements of the instrument tips positioned inside the patient through small puncture incisions, or ports. Learn more at http://www.davincisurgery.com/ and http://www.intuitivesurgical.com/.

About MAQUET Cardiovascular

MAQUET Cardiovascular LLC is a division of MAQUET Medical Systems, part of the publicly listed Swedish group of companies GETINGE AB. MAQUET Cardiovascular was recently formed by combining MAQUET Cardiopulmonary with Boston Scientific's Vascular Surgery and Cardiac Surgery divisions, which includes the products and services of Guidant Cardiac Surgery. The creation of this new organization enables MAQUET to offer a comprehensive array of patient care solutions for less-invasive endoscopic vessel harvesting, off- and on-pump coronary artery bypass surgery, and vascular grafts. MAQUET has 170 years of healthcare experience, and is committed to becoming "The Gold Standard" for therapeutic medical equipment around the globe. As a market leader, MAQUET offers innovative medical solutions from three divisions: Surgical Workplaces, Critical Care, and Cardiovascular. MAQUET Medical Systems is headquartered in Rastatt, Germany and employs 4,100 employees, has more than 30 international sales and service subsidiaries, and a network of over 200 dealer distributors worldwide. For more information, please visit http://www.maquet.com/ and http://www.getinge.com/.

About Transonic Systems Inc.

Transonic Systems Inc. http://www.transonic.com/ designs, manufactures and markets biomedical flow measurement devices. From the laboratory to the operating room, our precision devices deliver quantitative and reliable flow data to surgeons, nephrologists, interventional radiologists and research scientists earning the company its reputation as the industry leader in biomedical flow measurement. Headquartered in Ithaca, New York, with subsidiaries in the Netherlands and Taiwan, the company sells its transit-time ultrasound flowmeters, hemodialysis, laser Doppler perfusion and angioplasty monitors throughout the world. Transonic flow sensors are used in heart bypass machines and intraoperatively during coronary artery bypass grafting and other surgeries to confirm adequate flows.

Cardica, Inc.; Intuitive Surgical, Inc.; MAQUET Cardiovascular LLC;

CONTACT: Jani Bergan of WeissComm Partners, Inc., +1-415-946-1064,
jbergan@wcpglobal.com, for Cardica, Inc., Intuitive Surgical, Inc., MAQUET
Cardiovascular LLC and Transonic Systems Inc.

Web site: http://www.intuitivesurgical.com/
http://www.maquet.com/
http://www.transonic.com/

MSA Announces Record First Quarter Sales- Net Sales Increase 18 Percent- Fire Service Drives 19% Increase in North American Sales- International Sales Increase 19%- Operating Income Increases 25%

PITTSBURGH, May 1 /PRNewswire-FirstCall/ -- MSA (NYSE) today announced that net sales for the first quarter of 2008 were $266.3 million compared with $225.9 million for the first quarter of 2007, an increase of $40.4 million, or 18 percent. Net income for the first quarter of 2008 was $16.0 million, or 45 cents per basic share, compared with $16.1 million, or 45 cents per basic share, for the same quarter last year.

Sales in the company's North American segment increased $23.7 million, or 19%, in the current quarter, primarily in the fire service market. This increase reflects improved availability of fire department funding under the U.S. Federal Government Assistance to Firefighters Grant (AFG) program and the resumption of self-contained breathing apparatus (SCBA) orders that fire departments had delayed during the second half of 2007 as manufacturers and the market made the transition to new National Fire Protection Association (NFPA) SCBA performance standards. First quarter 2008 SCBA sales were up $14.8 million. Sales of thermal imaging cameras and fire helmets increased $3.9 million in the first quarter of 2008. MSA's shipments of Advanced Combat Helmets to the U.S. military and of the CG634 helmet to the Canadian Forces were $4.1 million and $4.2 million higher, respectively, in the current quarter. Continued strength in North American construction and industrial markets was reflected in sales of head protection products, which improved $1.6 million in the current quarter. These sales increases were partially offset by lower shipments of gas masks and closed-circuit breathing apparatus.

Sales in the International segment improved by $9.3 million, or 19%, in the current quarter. The sales increase was primarily in South Africa, Latin America, and Australia, where local currency sales were up $2.9 million, $2.2 million, and $1.0 million, respectively. The improvement in South Africa was due to strong growth in sales to the mining industry. Currency translation effects increased International segment sales, when stated in U.S. dollars, by approximately $4.2 million.

Sales in the European segment increased $7.3 million, or 14%, in the current quarter, reflecting the favorable currency translation effects of a stronger euro. Local currency sales in Europe were slightly lower than in the same quarter last year.

Operating income (income before taxes, currency exchange losses, interest, and restructuring and other charges) was $33.8 for the first quarter of 2008, an increase of $6.7 million, or 25%, from operating income of $27.1 million in the same quarter last year.

First quarter 2008 net income in the North American segment was $3.8 million higher than in the same quarter last year, primarily due to the previously-mentioned sales increase. Net income in the International segment was up $1.0 million, on higher sales, partially offset by higher selling expenses. European segment net income was $2.4 million lower reflecting higher selling and research and development expenses. In addition, current quarter net income in Europe includes a one-time income tax charge of $0.4 million related to a recent tax law change.

The first quarter 2008 loss of $2.8 million in reconciling items relates primarily to unrealized currency exchange losses on intercompany items that are reported at the corporate level.

"I am very pleased with our first quarter growth in sales and incoming orders for the North American fire service market," said William M. Lambert, MSA President and COO. "As we have previously reported, our sales to the North American fire service market were depressed during the latter part of 2007 as a result of delays in the availability of federal government funding to fire departments and the transition to new SCBA standards. The new standards became effective in August 2007 and many fire departments delayed their SCBA buying decisions until breathing apparatus approved under the new standard were available for evaluation. I believe that the increase in our first quarter SCBA orders indicates that we have worked through this transition period and confirms that there is strong customer interest in our new SCBA technology."

"I am also pleased with the progress that we continue to make in expanding our market reach and growing sales in our International segment and with the recent strength in our incoming orders in Europe," Mr. Lambert continued. "During the first quarter, we continued to make good progress on our Project Magellan initiative to improve the efficiency of our North American manufacturing operations and with our transformation to a more fully global company. I believe we will continue to see significant progress on these initiatives throughout the remainder of the year," Mr. Lambert concluded.

About MSA:

Established in 1914, MSA is a global leader in the development, manufacture and supply of sophisticated safety products that protect people's health and safety. Sophisticated safety products typically integrate any combination of electronics, mechanical systems and advanced materials to protect users against hazardous or life-threatening situations. The company's comprehensive line of products is used by workers around the world in the fire service, homeland security, construction and other industries, as well as the military. Principal products include self-contained breathing apparatus, gas masks, gas detection instruments, head protection, respirators and thermal imaging cameras. The company also provides a broad range of consumer and contractor safety products through retail channels. These products are marketed and sold under the MSA Safety Works brand. MSA has annual sales of approximately $1 billion, manufacturing operations throughout the United States and Europe, and 42 international locations. Additional information is available on the company's Web site at http://www.msanet.com/.

Cautionary Statement Regarding Forward-Looking Statements:

Except for historical information, certain matters discussed in this press release may be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements, including without limitation all projections and anticipated levels of future performance, involve risks, uncertainties and other factors that may cause our actual results to differ materially from those discussed herein. Actual results can be affected by any number of factors, many of which are outside of management's control. Among the factors that could cause such differences are spending patterns of government agencies, competitive pressures, product liability claims and our ability to collect related insurance receivables, the success of new product introductions, currency exchange rate fluctuations, the identification and successful integration of acquisitions and the risks of doing business in foreign countries. These risks, uncertainties and other factors are detailed from time to time in our filings with the United States Securities and Exchange Commission ("SEC"). You are strongly urged to review all such filings for a more detailed discussion of such risks and uncertainties. MSA's SEC filings are readily obtainable at no charge at http://www.sec.gov/, as well as on a number of other commercial web sites.

Mine Safety Appliances Company Consolidated Condensed Statement of Income (Unaudited) (In thousands, except earnings per share) Three Months Ended March 31 2008 2007 Net sales $266,344 $225,939 Other income 916 401 267,260 226,340 Cost of products sold 159,992 136,770 Selling, general and administrative 66,094 56,572 Research and development 7,352 5,927 Restructuring and other charges 1,106 234 Interest 2,494 1,993 Currency exchange losses 4,094 233 241,132 201,729 Income before income taxes 26,128 24,611 Provision for income taxes 10,101 8,543 Net income 16,027 16,068 Basic earnings per share $.45 $.45 Diluted earnings per share $.44 $.44 Dividends per common share $.22 $.18 Average number of common shares outstanding (basic) 35,540 36,013 Mine Safety Appliances Company Consolidated Condensed Balance Sheet (Unaudited) (In thousands) March 31, December 31, 2008 2007 Current assets Cash and cash equivalents $67,218 $74,981 Trade receivables, net 217,899 205,737 Inventories 178,320 155,332 Other current assets 60,754 61,000 Total current assets 524,191 497,050 Property, net 136,833 130,445 Prepaid pension cost 216,325 212,304 Goodwill 86,865 87,011 Other non-current assets 98,637 89,496 Total 1,062,851 1,016,306 Current liabilities Notes payable and current portion of long-term debt $69,187 $54,676 Accounts payable 55,953 50,648 Other current liabilities 103,339 103,865 Total current liabilities 228,479 209,189 Long-term debt 103,611 103,726 Pensions and other employee benefits 133,084 126,790 Deferred tax liabilities 101,058 100,934 Other non-current liabilities 12,843 13,129 Minority interests 758 1,007 Shareholders' equity 483,018 461,531 Total 1,062,851 1,016,306 Mine Safety Appliances Company Segment Information (Unaudited) (In thousands) Three Months Ended March 31 2008 2007 Net sales North America $146,642 $122,901 Europe 60,405 53,087 International 59,297 49,951 Total 266,344 225,939 Net income North America $14,405 $10,601 Europe 251 2,614 International 4,180 3,229 Reconciling (2,809) (376) Total 16,027 16,068

MSA

CONTACT: Mark Deasy of MSA, +1-412-967-3357

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

China Security & Surveillance Technology Announces Reporting Date for First Quarter 2008 Financial Results

SHENZHEN, China, May 1 /Xinhua-PRNewswire/ -- China Security & Surveillance Technology, Inc. , a leading provider of digital surveillance technology in China, today announced that it plans to report first quarter financial results on Monday, May 5, 2008 after the market closes. The Company will also hold a conference call to discuss the financial results the same day at 5:00pm ET.

Listeners may access the call by dialing # 1-913-312-1239. To listen to the live webcast of the event, please go to http://www.csst.com/ and click on the Investor Relations section where conference calls are posted. Please go to the website 15 minutes early to download and install any necessary audio software.

A replay of the call will be available from May 5, 2008 to May 12, 2008. Listeners may access the replay by dialing #1-719-457-0820; Pass Code: 6411406.

About China Security & Surveillance Technology, Inc.

Based in Shenzhen, China, China Security manufactures, distributes, installs and maintains security and surveillance systems throughout the PRC. China Security has manufacturing facilities located in China and a R&D facility which maintains an exclusive collaboration agreement with Beijing University. China Security has built a diversified customer base through its extensive sales and service network that includes numerous points of presence throughout the PRC. To learn more about the Company visit http://www.csst.com/.

Safe Harbor Statement

This press release includes certain statements that are not descriptions of historical facts, but are forward-looking statements. Forward-looking statements can be identified by the use of forward-looking terminology such as "will" "believes", "expects" or similar expressions. Such information is based upon expectations of our management that were reasonable when made but may prove to be incorrect. All of such assumptions are inherently subject to uncertainties and contingencies beyond our control and upon assumptions with respect to future business decisions, which are subject to change. We do not undertake to update the forward-looking statements contained in this press release. For a description of the risks and uncertainties that may cause actual results to differ from the forward-looking statements contained in this press release, see our most recent Annual Report filed with the Securities and Exchange Commission (SEC) on Form 10-K, and our subsequent SEC filings. Copies of filings made with the SEC are available through the SEC's electronic data gathering analysis retrieval system (EDGAR) at http://www.sec.gov/.

China Security & Surveillance Technology, Inc.

CONTACT: Company, Kewa Luo of China Security & Surveillance Technology,
Inc., +1-212-984-0688, ir@csst.com; Investors, Bill Zima, or Ashley Ammon
MacFarlane, +1-203-682-8200, both of ICR; Media, Patrick Yu of Fleishman-
Hillard Hong Kong, +852-2530-2577, Patrick.yu@fleishman.com

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

Nexicon Signs Motion Picture Studio to GetAmnestyNew contract represents the GetAmnesty product transition from pilot phase to production launch

ALBUQUERQUE, N.M., May 1 /PRNewswire-FirstCall/ -- Today, Nexicon (Pink Sheets: NXCO) is pleased to announce the signing of a major independent motion picture studio to our growing portfolio of GetAmnesty clients. This is the first post-pilot GetAmnesty contract signing, and signifies the full production launch of Nexicon's GetAmnesty product.

"For our new client, our robust technology platform will monitor more than 500 titles for Internet piracy, analyze the results via Automated Human Visual Verification (AHVV) to prevent false-positives, and collect settlement fees through GetAmnesty.com," said Richard Urrea, Nexicon CEO. "We look forward to helping enforce the copyright laws that protect our customer's digital media," said Urrea.

Under the terms of the agreement, Nexicon will retain 50% of all settlement fees collected through GetAmnesty.

About Nexicon

Nexicon Inc. delivers next-generation anti-piracy, intellectual property security, business intelligence, and network security products and solutions. For information about Nexicon, visit http://www.nexiconinc.com/. For information about GetAmnesty, visit http://www.getamnesty.com/.

This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.

Nexicon

CONTACT: Richard Urrea of Nexicon, +1-310-817-6600,
press@nexiconinc.com

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

Small Fuel Cells 2008 Conference Invites Presentation by VIASPACE

PASADENA, Calif., May 1 /PRNewswire-FirstCall/ -- VIASPACE Inc. (BULLETIN BOARD: VSPC) , announced today that an invited presentation was made at the Small Fuel Cells 2008 conference in Atlanta, Georgia by Dr. Carl Kukkonen, CEO of both VIASPACE and its subsidiary Direct Methanol Fuel Cell Corporation (DMFCC). The presentation was titled, "Creating a Global Fuel Cartridge Manufacturing and Distribution Infrastructure." Dr. Kukkonen also chaired a conference session on "Fuel Cell and Battery Hybrid Systems" on April 30, 2008.

VIASPACE and DMFCC manufacture disposable fuel cartridges for portable electronics applications, and fuel cell and battery test equipment. VIASPACE also sells high-quality and safe rechargeable lithium-based batteries.

The 10th annual Small Fuel Cells conference focused on small and portable fuel cells for commercial and military applications. Other conference presentations were from global leaders in the field such as Samsung, Sony, Motorola, Johnson Matthey, PolyFuel and other companies and universities.

Dr. Kukkonen spoke on the successful international safety standards that resulted in approval to carry fuel cells and cartridges on airplanes, and on global manufacturing and distribution issues. Dr. Kukkonen stated, "Fuel cells and batteries will coexist together for the indefinite future. Fuel cells are energy devices, and must be hybridized with batteries for many applications that need instantaneous power. Fuel cell applications need disposable fuel cartridges which are the consumable in the fuel cell business. Other applications can be satisfied by batteries alone. That is why VIASPACE is in both the battery and fuel cell businesses. Portable electronic devices are a huge market. Electric vehicles and power tools are another huge market that we are addressing."

About VIASPACE: Originally founded in 1998 with the objective of transforming proven space and defense technologies from NASA and the Department of Defense into hardware and software solutions that solve today's complex problems, VIASPACE benefits from important patent and software licenses from Caltech, which manages NASA's Jet Propulsion Laboratory. For more information, please visit our website at http://www.viaspace.com/, or contact for Investor Relations, Dr. Jan Vandersande, Director of Communications at 800-517-8050, or IR@VIASPACE.com.

This news release includes forward-looking statements. These forward-looking statements relate to future events or our future performance and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Such factors include the risks outlined in our periodic filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-KSB, for the fiscal year ended December 31, 2007, as well as general economic and business conditions, the ability to acquire and develop specific projects and technologies, the ability to fund operations, changes in consumer and business consumption habits, and other factors over which VIASPACE has little or no control.

VIASPACE Inc.

CONTACT: Press, Carl Kukkonen, +1-626-768-3360, or Investor Relations,
Dr. Jan Vandersande, Director of Communications, 1-800-517-8050,
IR@VIASPACE.com, both of VIASPACE Inc.

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

Salesforce.com Receives '2008 Corporate Community Involvement Award' from The Volunteer CenterCompany honored for its unique 1/1/1 model, which invests time, equity and product in improving the lives of people around the world

SAN FRANCISCO, May 1 /PRNewswire-FirstCall/ -- Salesforce.com , the market and technology leader in Software-as-a-Service and Platform-as-a-Service, today announced that, through its commitment to philanthropy, the company has received the "Corporate Community Involvement Award" from The Volunteer Center, which serves San Francisco and San Mateo counties. The Corporate Community Involvement Award is bestowed annually upon a Bay Area business that "operates an outstanding employee involvement program." Salesforce.com was selected based on its unique 1/1/1 Model, through which the company provides a 1% Time, 1% Equity and 1% Product investment to better the lives of people in its community and around the world.

(Logo: http://www.newscom.com/cgi-bin/prnh/20050216/SFW105LOGO)

"We're pleased to honor salesforce.com with the 2008 Corporate Community Involvement Award," said John Power, executive director at The Volunteer Center. "Through its commitment to enabling employees to donate their time and efforts -- giving volunteerism parity with cash and in-kind giving -- salesforce.com is making a significant, positive impact on its community and to the lives of those in need. They're innovators in technology and business and in advancing the field of corporate community involvement."

Since the inception of the Salesforce.com Foundation and its 1/1/1 Model in 2000, salesforce.com has given all employees approximately six days of paid time off each year to participate in volunteer opportunities. Nearly 85% of employees have participated in the program, donating more than 77,000 hours to help feed the hungry; combat homelessness; teach children to read; and improve the environment; among other activities.

The company has also donated more than $12 million to nonprofit organizations, and supplied Salesforce licenses to more than 3,500 nonprofits in 56 countries around the world. The combination of time, equity and product helps nonprofit organizations to run their organizations more efficiently and increase the impact of their efforts.

"Every individual has the power to effect positive change on the world around them. Working together, that power increases exponentially. We at salesforce.com know that we can make a difference and have incorporated that belief into our company's culture," said Suzanne DiBianca, executive director of the Salesforce.com Foundation. "We're proud to receive the Corporate Community Award from The Volunteer Center, and hope that more companies will be inspired to make volunteerism a priority."

For more information about salesforce.com's 1/1/1 Model, visit http://www.sharethemodel.org/.

About The Volunteer Center

A pioneer in the field of volunteerism, The Volunteer Center Serving San Francisco and San Mateo Counties plays a critical role in fostering a strong network among nonprofit, public, and business sector organizations and ordinary citizens, united by the overarching goal of improving local communities.

The Volunteer Center Serving San Francisco and San Mateo Counties assists individuals to both serve their communities and attain personal and professional growth through community involvement. Through partnerships with nonprofit organizations, local government, schools, and businesses, we act as a catalyst for ensuring that every person has the opportunity to be a powerful, contributing community member.

About Salesforce.com Foundation

The Salesforce.com Foundation is the leader in pioneering, evangelizing and implementing the 1/1/1 Model and using it as a means to improve the lives of people around the world. The 1/1/1 Model harnesses the power of people and technology through 1% Time, 1% Equity, 1% Product, and being "one" with the earth, to build deep relationships with communities around the world and increase the effectiveness of nonprofit organizations in achieving their goals. The Foundation concentrates on the use of technology, specifically as it relates to organizations with youth development programs. It has supported technology projects around the world that help kids in bereft urban and rural areas access technology to create better futures for themselves. The 1/1/1 Model has had a profound effect on salesforce.com and its communities: Since July of 2000, salesforce.com employees have given over 70,000 hours of their time and expertise back to the community. More than 3,500 nonprofits in 56 countries around the world are using donated licenses to run their businesses more efficiently; and numerous organizations are benefiting from technology related grants from the Foundation. For more information on the 1/1/1 Model, please visit http://www.sharethemodel.org/. For more information on the Salesforce.com Foundation, please visit http://www.salesforcefoundation.org/.

About salesforce.com

Salesforce.com is the market and technology leader in Software-as-a-Service (SaaS) and Platform-as-a-Service (PaaS). The company's portfolio of SaaS applications, including its award-winning CRM, available at http://www.salesforce.com/products/, has revolutionized the ways that customers manage and share business information over the Internet. The company's Force.com PaaS enables customers, developers and partners to build powerful on-demand applications that deliver the benefits of multi-tenancy across the enterprise. Applications built on the Force.com platform, available at http://www.force.com/, can be easily shared, exchanged and installed with a few simple clicks via salesforce.com's AppExchange marketplace available at http://www.salesforce.com/appexchange/.

As of January 31, 2008, salesforce.com manages customer information for approximately 41,000 customers including ABN AMRO, Dow Jones Newswires, Japan Post, Kaiser Permanente, KONE, Sprint Nextel, and SunTrust Banks. Any unreleased services or features referenced in this or other press releases or public statements are not currently available and may not be delivered on time or at all. Customers who purchase salesforce.com applications should make their purchase decisions based upon features that are currently available. Salesforce.com has headquarters in San Francisco, with offices in Europe and Asia, and trades on the New York Stock Exchange under the ticker symbol "CRM". For more information please visit http://www.salesforce.com/, or call 1-800-NO-SOFTWARE.

Copyright (c) 2008 salesforce.com, inc. All rights reserved. Salesforce and the "no software" logo are registered trademarks of salesforce.com, inc., and salesforce.com owns other registered and unregistered trademarks. Other names used herein may be trademarks of their respective owners.

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20050216/SFW105LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Salesforce.com

CONTACT: Erin O'Keeffe of salesforce.com, +1-415-536-6150,
eokeeffe@salesforce.com

Web site: http://www.salesforce.com/
http://www.sharethemodel.org/

Purchase New Movies on iTunes Same Day as DVD Release

CUPERTINO, Calif., May 1 /PRNewswire-FirstCall/ -- Apple(R) today announced that new movie releases from major film studios and premier independent studios are available for purchase on the iTunes(R) Store (http://www.itunes.com/) on the same day as their DVD release. New releases and catalog titles will be available from 20th Century Fox, The Walt Disney Studios, Warner Bros., Paramount Pictures, Universal Studios Home Entertainment, Sony Pictures Entertainment, Lionsgate, Image Entertainment and First Look Studios. Movies purchased from iTunes can be viewed on an iPod(R) with video, iPhone(TM), Mac(R) or PC or on a widescreen TV with Apple TV(R), with new releases priced at $14.99 and most catalog titles at $9.99.

"We're thrilled to bring iTunes Store customers new films for purchase day-and-date with the DVD release," said Eddy Cue, Apple's vice president of iTunes. "We think movie fans will love being able to buy their favorites from major and independent studios."

New releases available for purchase on the iTunes Store this week, concurrent with their DVD release, include "American Gangster" and "The Diving Bell and the Butterfly." Other popular titles now available for purchase include "Juno," "Cloverfield," "I Am Legend," "There Will Be Blood," "Alvin and the Chipmunks" and "Walk Hard: The Dewey Cox Story."

The iTunes Store is the world's most popular online music, TV and movie store with a catalog of over six million songs, 600 TV shows and over 1,500 films including 200 in stunning high definition video. With Apple's legendary ease of use, pioneering features such as new iTunes Movie Rentals, integrated podcasting support, iMix playlist sharing, the ability to turn previously purchased tracks into complete albums at a reduced price, and seamless integration with iPod and iPhone, the iTunes Store is the best way for Mac and PC users to legally discover, purchase and download music and video online.

Pricing & Availability

Movie purchases and rentals from the iTunes Store for Mac or Windows require iTunes 7.6.2, available as a free download immediately from http://www.itunes.com/. iTunes movie purchases and rentals require a valid credit card with a billing address in the country of purchase. iTunes Movies are available in the US only and are $9.99 (US) for library title purchases and $14.99 (US) for new release purchases and $2.99 (US) for library title rentals and $3.99 (US) for new release rentals, and high definition rental versions are priced just one dollar more with library title rentals at $3.99 (US) and new release rentals at $4.99 (US). Short films are available to rent for 99 cents (US). Movies can be previewed, purchased and watched on iPod classic, iPod nano with video, iPod touch, iPhone and on a widescreen TV with Apple TV.

Apple ignited the personal computer revolution in the 1970s with the Apple II and reinvented the personal computer in the 1980s with the Macintosh. Today, Apple continues to lead the industry in innovation with its award-winning computers, OS X operating system and iLife and professional applications. Apple is also spearheading the digital media revolution with its iPod portable music and video players and iTunes online store, and has entered the mobile phone market with its revolutionary iPhone.

(C) 2008 Apple Inc. All rights reserved. Apple, the Apple logo, Mac, Mac OS, Macintosh, iTunes, iPod, iPhone and Apple TV are trademarks of Apple. Other company and product names may be trademarks of their respective owners.

Apple

CONTACT: Randi Wolfson, +1-408-862-1225, randi@apple.com, or Tom
Neumayr, +1-408-974-1972, tneumayr@apple.com, both of Apple

Web site: http://www.apple.com/
http://www.itunes.com/

AAA Auto Club Group Puts SAP Claims Management System in the Driver's Seat to Handle Automobile Insurance Claims QuicklyAuto Club Group Selects SAP(R) Claims Management Software After Rigorous Review Process

DEARBORN, Mich., May 1 /PRNewswire-FirstCall/ -- SAP AG announced today that it has been selected by the Auto Club Group (ACG), the largest affiliation of AAA clubs in the Midwestern United States, to provide the group's new claims management system. With the SAP(R) Claims Management software, part of the SAP(R) for Insurance solution portfolio, ACG will be able to manage the automobile insurance claims processes more quickly for its 4.1 million members across eight states with one integrated core insurance platform.

(Logo: http://www.newscom.com/cgi-bin/prnh/20050310/SFTH009LOGO-a)

Auto Club Group belongs to the national AAA federation, a not-for-profit organization with more than 50 million members throughout the United States and Canada. The six clubs that comprise the ACG are Chicago, Michigan, Minnesota/Iowa, Nebraska, North Dakota and Wisconsin. With the SAP Claims Management software, the Auto Club Group can benefit from more efficient automobile insurance claims processing. As each claim is handled consistently, ACG can lower loss costs while increasing claim handler productivity and providing a consistent customer experience. The integrated claims management system can also help facilitate routine tasks and assist in managing the surplus of automobile insurance claims activities that occur during the adjudication process.

"This new best-in-class technology will help us to deliver fast, fair and easy claim service to our policyholders," said Fausto Martin, vice president and chief claims officer for ACG. "With one system, we will be able to reduce the time it takes to handle a claim using a centralized electronic filing system to streamline the entire claims process -- from a member's initial call through final claim resolution and payment."

The Auto Club Group selected SAP after a rigorous review process that highlighted the functionality of SAP Claims Management, as well as the technology fit and the holistic implementation strategy that the world's leading provider of business software offers. Industry recognition that SAP provides a world-class integrated platform was a key factor in the decision as well.

"With the speed of change in today's insurance market, companies need to continually improve effectiveness to remain competitive," said Bill McDermott, president and CEO, SAP Americas and Asia Pacific Japan. "In basing their core business of operations on SAP solutions, the Auto Club Group is developing a best-run strategy that will increase customer responsiveness, create better efficiencies and increase profitability -- positioning AAA ACG as a solid market player in the United States."

Next Major Events: SAPPHIRE(R) 2008 Orlando and SAPPHIRE(R) 2008 Berlin

More than 15,000 customers, partners and technical experts are convening at SAPPHIRE 2008 to discover how SAP and its thriving partner ecosystem are delivering IT solutions that create value beyond the four walls of the enterprise, to create "business beyond boundaries." SAP's premier educational and networking event, SAPPHIRE is the one occasion where senior executives, business managers, and decision-makers can come together every year to explore how innovative business solutions foster long-term, profitable growth. SAPPHIRE(R) 2008 is being held in Orlando, Florida, May 4-7, and in Berlin, Germany, May 19-21, 2008. For more information, please visit http://www.sap.com/sapphire.

About The Auto Club Group (ACG)

The Auto Club Group (ACG) is the largest affiliation of AAA clubs in the Midwest, with approximately 4.1 million members in eight states. ACG belongs to the national AAA federation, a not-for-profit organization with more than 50 million members in the United States and Canada. ACG's member clubs offer automotive, travel, insurance and financial services.

About SAP(R) for Insurance

SAP(R) for Insurance is an industry-tailored set of solutions designed to help insurance companies control costs and seize new opportunities while strengthening customer loyalty with applications that can be implemented in stages according to the company's strategic business goals, priorities and available resources. Serving approximately 560 customers in 60 countries, SAP for Insurance seamlessly links core insurance processes with customer-facing functions and back-office operations-from first customer contact through policy and product management, collections, disbursement, and claims management. (Additional information at http://www.sap.com/insurance/)

About SAP

SAP is the world's leading provider of business software(*), offering applications and services that enable companies of all sizes and in more than 25 industries to become best-run businesses. With more than 47,800 customers in over 120 countries, the company is listed on several exchanges, including the Frankfurt stock exchange and NYSE, under the symbol "SAP." (For more information, visit http://www.sap.com/)

(*) SAP defines business software as comprising enterprise resource planning and related applications.

Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should" and "will" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.

Copyright (C) 2008 SAP AG. All rights reserved.

SAP, R/3, mySAP, mySAP.com, xApps, xApp, SAP NetWeaver and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries all over the world. All other product and service names mentioned are the trademarks of their respective companies. Data contained in this document serve informational purposes only. National product specifications may vary.

For customers interested in learning more about SAP products: Global Customer Center: +49 180 534-34-24 United States Only: 1 (800) 872-1SAP (1-800-872-1727) For more information, press only: Evan Welsh, +1 (610) 203-9742, evan.welsh@sap.com, CET SAP Press Office, +49 (6227) 7-46315, CET; +1 (610) 661-3200, EDT; press@sap.com Anthony Suarez, Burson-Marsteller, +1 (212) 614-4331, anthony.suarez@bm.com, EDT

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CONTACT: Evan Welsh, +1-610-203-9742, evan.welsh@sap.com, CET; or
SAP Press Office, +49 (6227) 7-46315, CET, +1-610-661-3200, EDT,
press@sap.com; or Anthony Suarez, Burson-Marsteller, +1-212-614-4331,
anthony.suarez@bm.com, EDT; or Global Customer Center, +49 180 534-34-24; or
United States Only, 1-800-872-1SAP (1-800-872-1727), all for SAP AG

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

Phoenix Technologies Completes Acquisition of BeInSyncCompany Committed to its PC 3.0(TM) Vision of Eliminating Complexity from the PC User Experience; Acquisition Enables Company to Make Online Synchronization and Continuity a Core Part of the PC End User Experience

MILPITAS, Calif., May 1 /PRNewswire-FirstCall/ -- Phoenix Technologies , the global leader in core systems software, today announced it has completed its acquisition of BeInSync Ltd., an Israeli-based provider of an all-in-one solution that allows users to backup, synchronize, share and access their data online.

(Logo: http://www.newscom.com/cgi-bin/prnh/20070410/SFTU048LOGO)

The transaction further solidifies Phoenix's position at the core of the PC industry. It will enhance the Company's ability to respond to consumer and business needs for secure and "always available" web access to their digital assets as well as automatic protection of all PC programs and data.

"This acquisition puts Phoenix in an unparalleled position in the PC core systems software market," said Woody Hobbs, President and CEO of Phoenix Technologies. "By combining the existing Phoenix offerings with the leading patent-pending peer-to-peer synchronization technologies from BeInSync, we are able to provide a complete portfolio of PC-related solutions to PC OEMs and their customers. PC 3.0 users will no longer be dependent on a single, stand-alone PC for access to their digital life. At the same time, Phoenix's OEM customers will have new opportunities to differentiate their offerings, and provide additional value-added services as part of the PC sale."

With the completion of this acquisition, Sharon Carmel, Founder of BeInSync, is now Vice President & Chief Scientist of synchronization and continuity Solutions at Phoenix Technologies, and the entire BeInSync team will continue to maintain operations out of Tel Aviv, Israel, as a part of the Phoenix Technologies' global team.

In connection with the acquisition, all 21 members of the BeInSync team will be receiving stock options to purchase an aggregate of 356,950 shares of Phoenix common stock. These options will be "inducement grants" pursuant to Nasdaq Marketplace Rule 4350(i)(1)(A)(iv), granted under Phoenix's 2008 Acquisition Equity Incentive Plan, which was recently approved by the Board of Directors of Phoenix to facilitate the granting of stock options in connection with acquisitions as an inducement to new employees to join Phoenix. The Compensation Committee of the Phoenix Board of Directors has approved the grants in connection with the closing, and Phoenix intends to issue these options at the end of the month following the expiration of a mandatory waiting period under Israeli law. Each option grant will be a non-qualified option, have an exercise price equal to the closing price of Phoenix common stock on the date of grant and have a ten year term. The options will vest over a four year period, with 25% vesting after 12 months and then 6.25% each quarter thereafter.

About Phoenix Technologies

Phoenix Technologies Ltd. is the global market leader in system firmware that provides the most secure foundation for today's computing environments. The PC industry's top builders and specifiers trust Phoenix to pioneer open standards and deliver innovative solutions that will help them differentiate their systems, reduce time-to-market and increase their revenues. The Company's flagship products, AwardCore, SecureCore, FailSafe and HyperSpace, are revolutionizing the PC user experience by delivering unprecedented security, reliability and ease-of-use. The Company established industry leadership with its original BIOS product in 1983, has 155 technology patents and 139 pending applications, and has shipped in over one billion systems. Phoenix is headquartered in Milpitas, California with offices worldwide. For more information, visit http://www.phoenix.com/

Phoenix, Phoenix Technologies, Phoenix FailSafe, HyperSpace, HyperCore, PC 3.0 and the Phoenix Technologies logo are trademarks and/or registered trademarks of Phoenix Technologies Ltd. All other trademarks are the property of their respective owners.

Safe Harbor

The statements in this release include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding, but not limited to, the benefits of the PC 3.0 environment, the integration of BeInSync's products and services and employees into our offerings and organization, and OEM adoption of our products and solutions. These statements involve risk and uncertainties, including: technology and business integration challenges and delays; demand for our products and solutions; the ability of our customers to introduce and market new products that incorporate our products and solutions; the product offerings of competitors, especially with respect to functionality and time-to-market; and our ability to retain key employees. For a further list and description of risks and uncertainties that could cause actual results to differ materially from those contained in the forward looking statements in this release, we refer you to the Company's filings with the Securities and Exchange Commission, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q. All forward-looking statements included in this release are based upon assumptions, forecasts and information available to the Company as of the date hereof, and the Company assumes no obligation to update any such forward- looking statements.

Contact Phoenix Global Communications Tel. +1 408 570 1060 Email: public_relations@phoenix.com

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PRN Photo Desk, photodesk@prnewswire.com Phoenix Technologies Ltd.

CONTACT: Phoenix Global Communications, +1-408-570-1060,
public_relations@phoenix.com

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

CenturyTel Reports First Quarter Earnings

MONROE, La., May 1 /PRNewswire-FirstCall/ -- CenturyTel, Inc. announces operating results for first quarter 2008.

-- Operating revenues increased 7.9% to $648.6 million from $600.9 million in first quarter 2007. -- Operating cash flow (as defined in the attached financial schedules) grew 7.9% to $319.2 million from $295.9 million in first quarter 2007. -- Net income, excluding nonrecurring items, rose 10.7% to $86.2 million from $77.9 million in first quarter 2007. Reported under GAAP, net income was $88.8 million in first quarter 2008. -- Diluted earnings per share, excluding nonrecurring items, increased 19.1% to $.81 in first quarter 2008 from $.68 in first quarter 2007. Reported under GAAP, diluted earnings per share was $.83 in first quarter 2008. -- Free cash flow (as defined in the attached financial schedules), excluding nonrecurring items, was $167.1 million in first quarter 2008 compared to $156.8 million in first quarter 2007. -- High-speed Internet customers increased by more than 30,000 in first quarter 2008, resulting in more than 586,000 high-speed Internet customers in service at the end of the quarter, or nearly 28% of total access lines. First Quarter Highlights (Excluding nonrecurring items Quarter Ended Quarter Ended % Change reflected in the attached 3/31/08 3/31/07 financial schedules) (In thousands, except per share amounts and subscriber data) Operating Revenues $648,614 $600,855 7.9% Operating Cash Flow (1) $319,177 $295,867 7.9% Net Income $86,171 $77,870 10.7% Diluted Earnings Per Share $.81 $.68 19.1% Average Diluted Shares Outstanding 106,997 116,308 (8.0)% Capital Expenditures $54,739 $48,880 12.0% Access Lines (2) 2,108,000 2,070,000 1.8% High-Speed Internet Customers (2) 586,000 413,000 41.9% (1) Operating Cash Flow is a non-GAAP financial measure. A reconciliation of this item to comparable GAAP measures is included in the attached financial schedules. (2) Quarter ended 3/31/2008 access lines and high-speed Internet customers include the effects of our April 2007 Madison River acquisition. Excluding the effects of this acquisition, access lines decreased 5.8% and high-speed Internet customers increased 27.8%.

"CenturyTel's first quarter net income and earnings per share grew nearly 11% and more than 19% year-over-year, respectively," Glen F. Post, III, chairman and chief executive officer, said. "We are pleased with the integration and performance of the Madison River properties acquired last year, our broadband customer growth, and our ability to continue to repurchase CenturyTel stock, all of which contributed to the first quarter earnings per share growth."

Operating revenues increased 7.9% to $648.6 million in first quarter 2008 from $600.9 million in first quarter 2007. Revenue increases during the quarter of approximately $71 million resulted primarily from nearly $48 million in revenue contribution from the Madison River properties acquired in second quarter 2007, along with growth in high-speed Internet customers and long distance revenues. These increases were partially offset by revenue declines of approximately $23 million, primarily attributable to access line declines and lower access revenues.

Operating expenses for first quarter 2008 were $465.1 million compared to $432.8 million in first quarter 2007. This increase was principally due to expenses associated with the Madison River properties, growth in high-speed Internet customers and increased marketing expenses, which were partially offset by lower depreciation expense associated with fully depreciated assets and lower bad debt expense and personnel costs.

Operating cash flow increased 7.9% to $319.2 million in first quarter 2008 from $295.9 million in first quarter 2007. CenturyTel achieved an operating cash flow margin of 49.2% during the quarter, the same as in first quarter 2007.

"CenturyTel generated strong free cash flow of more than $167 million during the quarter," said Post. "We also returned more than $100 million to shareholders through the repurchase of 2.5 million shares for approximately $94 million, along with more than $7 million in cash dividends. Our solid balance sheet and strong cash flows afford us the flexibility to continue to invest in our networks, acquire valuable 700 MHz spectrum and remain committed to completing our current $750 million share repurchase program."

Net income, excluding nonrecurring items, grew 10.7% to $86.2 million in first quarter 2008 from $77.9 million in first quarter 2007. Diluted earnings per share, excluding nonrecurring items, increased 19.1% to $.81 in first quarter 2008 from $.68 in first quarter 2007. First quarter 2008 diluted earnings per share was favorably impacted by the increase in net income and 8.0% fewer average diluted shares outstanding due to share repurchases during the twelve months ended March 31, 2008.

Under generally accepted accounting principles (GAAP), the Company reported net income of $88.8 million and diluted earnings per share of $.83, in first quarter 2008 compared to $77.9 million and $.68, respectively, in first quarter 2007. Net income and diluted earnings per share in first quarter 2008 include a $2.6 million net after-tax gain on the sale of a non-operating investment during the quarter.

For second quarter 2008, CenturyTel expects total revenues of $647 to $657 million and diluted earnings per share of $.78 to $.82. An expected slight increase in revenues, driven primarily by revenue settlements, is anticipated to be offset primarily by annual wage adjustments effective in the second quarter, higher marketing expenses and the seasonal impact of outside plant maintenance activities.

For the full year 2008, diluted earnings per share is expected to be in the range of $3.05 to $3.20 versus the previous guidance of $2.90 to $3.00, primarily due to first quarter results exceeding expectations, share repurchases completed through April 30, 2008, and the expectation that expenses for the remainder of 2008 will be lower than originally anticipated when 2008 guidance was provided earlier this year.

These outlook figures for the second quarter and full year 2008 exclude nonrecurring items, any share repurchases made after April 30, 2008, and any future mergers, acquisitions, divestitures or other similar business transactions.

Reconciliation to GAAP. This release includes certain non-GAAP financial measures, including but not limited to operating cash flow, free cash flow and adjustments to GAAP measures to exclude the effect of nonrecurring items. In addition to providing key metrics for management to evaluate the Company's performance, we believe these measurements assist readers in their understanding of period-to-period operating performance and in identifying historical and prospective trends. Reconciliations of non-GAAP financial measures to the most comparable GAAP measures are included in the attached financial statements. Reconciliation of additional non-GAAP financial measures that may be discussed during the earnings call described below will be available on the Company's Web site at http://www.centurytel.com/. Investors are urged to consider these non-GAAP measures in addition to, and not in substitution for, measures prepared in accordance with GAAP.

Investor Call. As previously announced, CenturyTel's management will host a conference call at 10:30 a.m. Central Time today. Interested parties can access the call by dialing 866.837.9789. The call will be accessible for replay through May 7, 2008, by calling 888.266.2081 and entering the conference ID number 1222754. Investors can also listen to CenturyTel's earnings conference call and replay by accessing the Investor Relations portion of the Company's Web site at http://www.centurytel.com/ through May 21, 2008.

In addition to historical information, this release includes certain forward-looking statements, estimates and projections that are based on current expectations only, and are subject to a number of risks, uncertainties and assumptions, many of which are beyond the control of the Company. Actual events and results may differ materially from those anticipated, estimated or projected if one or more of these risks or uncertainties materialize, or if underlying assumptions prove incorrect. Factors that could affect actual results include but are not limited to: the timing, success and overall effects of competition from a wide variety of competitive providers; the risks inherent in rapid technological change; the effects of ongoing changes in the regulation of the communications industry; the Company's ability to effectively adjust to changes in the communications industry; the Company's ability to effectively manage its expansion opportunities, including successfully integrating newly-acquired properties into the Company's operations and retaining and hiring key personnel; possible changes in the demand for, or pricing of, the Company's products and services; the Company's continued access to credit markets on favorable terms; the Company's ability to successfully introduce new product or service offerings on a timely and cost-effective basis; the Company's ability to collect its receivables from financially troubled communications companies; the Company's ability to successfully negotiate collective bargaining agreements on reasonable terms without work stoppages; the effect of adverse weather; other risks referenced from time to time in the Company's filings with the Securities and Exchange Commission (the "SEC"); and the effects of more general factors such as changes in interest rates, in tax rates, in accounting policies or practices, in operating, medical or administrative costs, in general market, labor or economic conditions, or in legislation, regulation or public policy. These and other uncertainties related to the Company's business are described in greater detail in the Company's Annual Report on Form 10-K for the year ended December 31, 2007, as updated by the Company's subsequent SEC reports. You should be aware that new factors may emerge from time to time and it is not possible for management to identify all such factors, nor can it predict the impact of each such factor on the business or the extent to which any one or more factors may cause actual results to differ from those reflected in any forward-looking statements. You are further cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. The information contained in this release is as of May 1, 2008. The Company undertakes no obligation to update any of its forward-looking statements for any reason.

CenturyTel is a leading provider of communications, high-speed Internet and entertainment services in small-to-mid-size cities through our broadband and fiber transport networks. Included in the S&P 500 Index, CenturyTel delivers advanced communications with a personal touch to customers in 25 states. Visit us at http://www.centurytel.com/.

CenturyTel, Inc. CONSOLIDATED STATEMENTS OF INCOME THREE MONTHS ENDED MARCH 31, 2008 AND 2007 (UNAUDITED) Three months ended March 31, 2008 Less As adjusted non- excluding In thousands, except per share As recurring nonrecurring amounts reported items items OPERATING REVENUES Voice $220,480 220,480 Network access 208,698 208,698 Data 126,772 126,772 Fiber transport and CLEC 39,633 39,633 Other 53,031 53,031 648,614 - 648,614 OPERATING EXPENSES Cost of services and products 237,812 237,812 Selling, general and administrative 91,625 91,625 Depreciation and amortization 135,684 135,684 465,121 - 465,121 OPERATING INCOME 183,493 - 183,493 OTHER INCOME (EXPENSE) Interest expense (50,122) (50,122) Other income (expense) 8,417 4,136 (1) 4,281 Income tax expense (53,028) (1,547)(2) (51,481) NET INCOME $88,760 2,589 86,171 BASIC EARNINGS PER SHARE $0.84 0.02 0.81 DILUTED EARNINGS PER SHARE $0.83 0.02 0.81 AVERAGE SHARES OUTSTANDING Basic 106,142 106,142 Diluted 106,997 106,997 DIVIDENDS PER COMMON SHARE $0.0675 0.0675 Three months ended March 31, 2007 As Less adjusted non- excluding In thousands, except per share As recurring nonrecurring amounts reported items items OPERATING REVENUES Voice 211,896 211,896 Network access 211,399 211,399 Data 95,864 95,864 Fiber transport and CLEC 38,326 38,326 Other 43,370 43,370 600,855 - 600,855 OPERATING EXPENSES Cost of services and products 213,531 213,531 Selling, general and administrative 91,457 91,457 Depreciation and amortization 127,784 127,784 432,772 - 432,772 OPERATING INCOME 168,083 - 168,083 OTHER INCOME (EXPENSE) Interest expense (46,961) (46,961) Other income (expense) 5,290 5,290 Income tax expense (48,542) (48,542) NET INCOME 77,870 - 77,870 BASIC EARNINGS PER SHARE 0.70 - 0.70 DILUTED EARNINGS PER SHARE 0.68 - 0.68 AVERAGE SHARES OUTSTANDING Basic 111,031 111,031 Diluted 116,308 116,308 DIVIDENDS PER COMMON SHARE 0.065 0.065 Increase (decrease) Increase excluding In thousands, except per share (decrease) nonrecurring amounts as reported items OPERATING REVENUES Voice 4.1% 4.1% Network access (1.3%) (1.3%) Data 32.2% 32.2% Fiber transport and CLEC 3.4% 3.4% Other 22.3% 22.3% 7.9% 7.9% OPERATING EXPENSES Cost of services and products 11.4% 11.4% Selling, general and administrative 0.2% 0.2% Depreciation and amortization 6.2% 6.2% 7.5% 7.5% OPERATING INCOME 9.2% 9.2% OTHER INCOME (EXPENSE) Interest expense 6.7% 6.7% Other income (expense) 59.1% (19.1%) Income tax expense 9.2% 6.1% NET INCOME 14.0% 10.7% BASIC EARNINGS PER SHARE 20.0% 15.7% DILUTED EARNINGS PER SHARE 22.1% 19.1% AVERAGE SHARES OUTSTANDING Basic (4.4%) (4.4%) Diluted (8.0%) (8.0%) DIVIDENDS PER COMMON SHARE 3.8% 3.8% NONRECURRING ITEMS (1) - Gain on the sale of a nonoperating investment. (2) - Tax effect of item (1). CenturyTel, Inc. CONSOLIDATED BALANCE SHEETS MARCH 31, 2008 AND DECEMBER 31, 2007 (UNAUDITED) March 31, December 31, 2008 2007 (in thousands) ASSETS CURRENT ASSETS Cash and cash equivalents $37,539 34,402 Other current assets 254,698 257,997 Total current assets 292,237 292,399 NET PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment 8,706,712 8,666,106 Accumulated depreciation (5,673,578) (5,557,730) Net property, plant and equipment 3,033,134 3,108,376 GOODWILL AND OTHER ASSETS Goodwill 4,010,916 4,010,916 Other 781,840 772,862 Total goodwill and other assets 4,792,756 4,783,778 TOTAL ASSETS $8,118,127 8,184,553 LIABILITIES AND EQUITY CURRENT LIABILITIES Short-term debt and current maturities of long-term debt $85,444 279,898 Other current liabilities 440,589 456,637 Total current liabilities 526,033 736,535 LONG-TERM DEBT 2,881,310 2,734,357 DEFERRED CREDITS AND OTHER LIABILITIES 1,310,800 1,304,456 STOCKHOLDERS' EQUITY 3,399,984 3,409,205 TOTAL LIABILITIES AND EQUITY $8,118,127 8,184,553 CenturyTel, Inc. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES (UNAUDITED) Three months ended March 31, 2008 As adjusted Less excluding In thousands As nonrecurring nonrecurring reported items items Operating cash flow and cash flow margin Operating income $183,493 - 183,493 Add: Depreciation and amortization 135,684 135,684 Operating cash flow $319,177 - 319,177 Revenues $648,614 - 648,614 Operating income margin (operating income divided by revenues) 28.3% 28.3% Operating cash flow margin (operating cash flow divided by revenues) 49.2% 49.2% Free cash flow (prior to debt service requirements and dividends) Net income $88,760 2,589 (1) 86,171 Add: Depreciation and amortization 135,684 - 135,684 Less: Capital expenditures (54,739) - (54,739) Free cash flow $169,705 2,589 167,116 Free cash flow $169,705 Gain on asset disposition (4,135) Deferred income taxes 8,357 Changes in current assets and current liabilities (12,277) (Increase) decrease in other noncurrent assets (789) Decrease in other noncurrent liabilities (2,790) Retirement benefits 5,474 Excess tax benefits from share-based compensation 136 Other, net 11,790 Add: Capital expenditures 54,739 Net cash provided by operating activities $230,210 Three months ended March 31, 2007 As adjusted Less excluding In thousands As nonrecurring nonrecurring reported items items Operating cash flow and cash flow margin Operating income 168,083 - 168,083 Add: Depreciation and amortization 127,784 127,784 Operating cash flow 295,867 - 295,867 Revenues 600,855 - 600,855 Operating income margin (operating income divided by revenues) 28.0% 28.0% Operating cash flow margin (operating cash flow divided by revenues) 49.2% 49.2% Free cash flow (prior to debt service requirements and dividends) Net income 77,870 - 77,870 Add: Depreciation and amortization 127,784 - 127,784 Less: Capital expenditures (48,880) - (48,880) Free cash flow 156,774 - 156,774 Free cash flow 156,774 Gain on asset disposition - Deferred income taxes 13,371 Changes in current assets and current liabilities 33,892 (Increase) decrease in other noncurrent assets 1,032 Decrease in other noncurrent liabilities (401) Retirement benefits 5,636 Excess tax benefits from share-based compensation (3,032) Other, net 2,558 Add: Capital expenditures 48,880 Net cash provided by operating activities 258,710 NONRECURRING ITEMS (1) - Gain on the sale of a nonoperating investment, net of tax. FOR MORE INFORMATION CONTACT: Tony Davis 318.388.9525 tony.davis@centurytel.com

CenturyTel, Inc.

CONTACT: Tony Davis of CenturyTel, Inc., +1-318-388-9525,
tony.davis@centurytel.com

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

RFMD(R) Releases 2.4 GHz ISM Band TransceiverML2726 Reference Design Demonstrates FCC Part-15 Compliance

GREENSBORO, N.C., May 1 /PRNewswire-FirstCall/ -- RF Micro Devices, (Nasdaq GS: RFMD), a global leader in the design and manufacture of high-performance radio frequency systems and solutions, today introduced the ML2726 ISM band transceiver. The ML2726 is a low power, low-IF, frequency shift key (FSK) transceiver designed for operation in the license-free 2.4 GHz ISM band. The ML2726 reference design enables consumer product original equipment manufacturers (OEMs) to quickly bring to market products featuring wireless data connectivity for multiple applications, including game controllers, PC peripherals, automatic meter reading, security systems, telemetry and point-of-sale vending equipment.

The ML2726 is a highly integrated RF transceiver incorporating a sigma-delta fractional-N synthesizer, voltage controlled oscillator (VCO), upconversion and downconversion mixers, data slicer and transceiver configuration registers. By offering a market-leading 2 Mbps data transmission rate, the ML2726 minimizes average power consumption, leading to longer battery life in portable applications. Additionally, the ML2726 incorporates self-alignment of the low-IF receiver and phase locked loop (PLL) detection and control, both easing implementation and eliminating the cumbersome mass production tuning process which is customary with competing transceiver solutions.

Technical features of the ML2726 include: -- Closed-loop transmit FSK modulation -- Analog and digital data output -- Digital transmit data input -- Digital received signal strength indication (RSSI) output -- Integrated power regulation enabling 2.7 to 4.5 V operation -- -81 dBm sensitivity at 0.1% bit error rate (BER)

"The highly specialized wireless data markets, such as meter reading and wireless game controllers, demand a high level of support and component flexibility to meet their individual application needs," said Alastair Upton, general manager of RFMD's Broadband and Consumer Business Unit. "By providing reference designs demonstrating FCC part-15 compliance combined with world-class customer support we enable designers to quickly implement the market-leading features the ML2726 has to offer, accelerating our customers' time to market."

The ML2726 is packaged in a 7 x 7 x 1 mm, 32-pin TQFP package and is priced at $2.67 each, in quantities of 10,000 units with samples available immediately.

About RFMD(R): RF Micro Devices (Nasdaq GS: RFMD) is a global leader in the design and manufacture of high-performance radio frequency systems and solutions. RFMD's cellular front ends, cellular transceivers, RF components and system- on-chip (SoC) solutions enable worldwide mobility, provide enhanced connectivity and support advanced functionality in the cellular handset, cellular base station, wireless local area network (WLAN), CATV networking, aerospace, defense, and global positioning systems (GPS) markets. Recognized for its diverse portfolio of state-of-the-art semiconductor technologies and vast RF systems expertise, RFMD is a preferred supplier to the world's leading mobile device and RF equipment manufacturers.

Headquartered in Greensboro, N.C., RFMD is an ISO 9001- and ISO 14001- certified manufacturer with worldwide engineering, design, sales and service facilities. RFMD is traded on the NASDAQ Global Select Market under the symbol RFMD. For more information, please visit RFMD's website at http://www.rfmd.com/.

This press release includes "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements about our plans, objectives, representations and contentions and are not historical facts and typically are identified by use of terms such as "may," "will," "should," "could," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential," "continue" and similar words, although some forward-looking statements are expressed differently. You should be aware that the forward-looking statements included herein represent management's current judgment and expectations, but our actual results, events and performance could differ materially from those expressed or implied by forward-looking statements. We do not intend to update any of these forward-looking statements or publicly announce the results of any revisions to these forward-looking statements, other than as is required under the federal securities laws. RF Micro Devices' business is subject to numerous risks and uncertainties, including variability in quarterly operating results, the rate of growth and development of wireless markets, risks associated with the operation of our wafer fabrication facilities, molecular beam epitaxy facility, assembly facility and test and tape and reel facilities, our ability to complete acquisitions and integrate acquired companies, including the risk that we may not realize expected synergies from our business combinations, our ability to attract and retain skilled personnel and develop leaders, variability in production yields, our ability to reduce costs and improve gross margins by implementing innovative technologies, our ability to bring new products to market, our ability to adjust production capacity in a timely fashion in response to changes in demand for our products, dependence on a limited number of customers, and dependence on third parties. These and other risks and uncertainties, which are described in more detail in RF Micro Devices' most recent Annual Report on Form 10-K and other reports filed with the Securities and Exchange Commission, could cause actual results and developments to be materially different from those expressed or implied by any of these forward-looking statements.

RF MICRO DEVICES(R) and RFMD(R) are trademarks of RFMD, LLC. All other trade

names, trademarks and registered trademarks are the property of their

respective owners.

RF Micro Devices

CONTACT: Doug DeLieto, VP, Investor Relations, +1-336-678-7968, or Jerry
Neal, Executive Vice President, +1-336-678-7001, both of RFMD

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

LogicVision to Present at the AeA Micro Cap Financial Conference

SAN JOSE, Calif., May 1 /PRNewswire-FirstCall/ -- LogicVision, Inc. , a leading provider of test and yield learning solutions, will present at the AeA Micro Cap Financial Conference in Monterey, California. Mr. James T. Healy, LogicVision's president and CEO, Mr. Bruce M. Jaffe, LogicVision's chief financial officer, and Farhad Hayat, LogicVision's vice president of marketing, are scheduled to present on Monday, May 5, 2008. During the presentation, management will outline its value proposition as the semiconductor world embraces testing system-on-a-chip (SoC) semiconductors from the inside and how the Company's "eyes-In-the-die" built-in-self-test products provide a cost effective way to test these complex chips, enhancing product margins for its customers. A webcast of the presentation will be available:

Date: Monday, May 5, 2008 Time: 4:15 P.M. Eastern Time / 1:15 P.M. Pacific Time for the live presentation Location: On the web at http://investor.shareholder.com/lgvn/events.cfm Replay: Available one hour after the presentation ends and accessible for 90 days. About LogicVision, Inc.

LogicVision provides proprietary technologies for embedded test and yield learning that enable more efficient manufacturing test of complex semiconductors. LogicVision's embedded test solutions allow integrated circuit designers to embed test functionality into a semiconductor design that is used during semiconductor production test and throughout the useful life of the chip. The company's advanced Design for Test (DFT) product line, ETCreate, works together with Silicon Insight applications and Yield Insight to improve profit margins by reducing device field returns and test costs, accelerating silicon bring-up times and shortening both time to market and time to yield. For more information on the company and its products, please visit the LogicVision website at http://www.logicvision.com/.

LogicVision, Inc.

CONTACT: Bruce Jaffe, VP of Finance and CFO of LogicVision, Inc.,
+1-408-453-0146

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

Mozy Release for Mac Sets Industry Standard for Unlimited Online BackupFirst Full-Featured Unlimited Online Backup Service for Apple OS X; MozyHome for Mac Immediately Available at $4.95 Per Month

SALT LAKE CITY, May 1 /PRNewswire/ -- Mozy, Inc., part of the Cloud Infrastructure and Services Division of EMC , today announced the release of MozyHome for Mac, the industry's first unlimited online backup service for the Mac. Mac users in the home can now safely and cost-effectively back up all of their digital information over the Internet. With more than 700,000 total users worldwide and 6.2 billion files backed up, Mozy is the leading online backup service of choice for consumers and small businesses.

"Mozy is honoring its roots by augmenting its service to consumers and small businesses," said Vance Checketts, chief operating officer for Mozy. "We've had more than 43,000 individuals participate in our public beta and have devoted thousands of hours of development to this new MozyHome for Mac release."

Designed as a consumer service, MozyHome for Mac offers 2 gigabytes of online backup absolutely free with no expiration date, or $4.95 a month for unlimited online backup capacity. Mozy automatically protects all computer files including photos, music, videos and financial documents from data loss in the event of hard drive crash, accidental deletion, natural disaster or theft. All files are encrypted with 448-bit Blowfish encryption and the encrypted files are transferred via a 128-bit SSL connection -- the same encryption used for online banking -- during the backup process for extra security. After the initial backup, Mozy only backs up incremental changes to files and folders, meaning subsequent backups run extremely fast. In addition to the most recent backup, Mozy keeps 30 days worth of file versions as well. In the event of data loss, files may be recovered via the Mozy client software, downloaded from the Mozy website, or by ordering the files on a set of DVDs from Mozy.

"I had just completed my transition from Tiger to Leopard when my hard drive crashed," said Donald Malm, who participated in the MozyHome for Mac beta. "The restore of all my data from Mozy was completed without a single error. My Quicken data was exactly where I had left off the day before the crash. Never have I made a better purchasing decision since I started in the insurance and financial system design industry 52 years ago."

Later this summer, Mozy will release a business version of its Mac service to enhance its MozyPro and MozyEnterprise offerings. More than 20,000 business customers already trust Mozy to back up their data, and Mozy is currently backing up more than 7.5 petabytes, the equivalent to 7.8 million gigabytes, across multiple data centers. Businesses interested in an online backup service for the Mac can sign up to be notified at http://www.mozy.com/mac/probeta.

With the addition of the MozyHome for Mac service, EMC offers Mac users the industry's most robust backup and recovery options. Other data protection offerings for Mac users include EMC Retrospect for Macintosh and EMC LifeLine software.

About Mozy

Mozy is the leader in online data backup for consumers and businesses. With more than 700,000 total users including 20,000 businesses, Mozy offers a simple, automatic and secure service for backing up data over the Internet. Mozy was acquired by EMC Corporation in 2007 and operates as part of the EMC Cloud Infrastructure and Services Division. Information can be found at http://www.mozy.com/.

About EMC

EMC Corporation is the world's leading developer and provider of information infrastructure technology and solutions that enable organizations of all sizes to transform the way they compete and create value from their information. Information about EMC's products and services can be found at http://www.emc.com/.

EMC is a registered trademark Mozy and MozyPro are trademarks of EMC Corporation and its subsidiaries. All other trademarks are the property of their respective owners.

This release contains "forward-looking statements" as defined under the Federal Securities Laws. Actual results could differ materially from those projected in the forward-looking statements as a result of certain risk factors, including but not limited to: (i) adverse changes in general economic or market conditions; (ii) delays or reductions in information technology spending; (iii) our ability to protect our proprietary technology; (iv) risks associated with managing the growth of our business, including risks associated with acquisitions and investments and the challenges and costs of integration, restructuring and achieving anticipated synergies; (v) fluctuations in VMware, Inc.'s operating results and risks associated with trading of VMware stock; (vi) competitive factors, including but not limited to pricing pressures and new product introductions; (vii) the relative and varying rates of product price and component cost declines and the volume and mixture of product and services revenues; (viii) component and product quality and availability; (ix) the transition to new products, the uncertainty of customer acceptance of new product offerings and rapid technological and market change; (x) insufficient, excess or obsolete inventory; (xi) war or acts of terrorism; (xii) the ability to attract and retain highly qualified employees; (xiii) fluctuating currency exchange rates; and (xiv) other one- time events and other important factors disclosed previously and from time to time in EMC's filings with the U.S. Securities and Exchange Commission. EMC disclaims any obligation to update any such forward-looking statements after the date of this release.

EMC Corporation

CONTACT: Devin Knighton, +1-801-722-8187, knighton_devin@mozy.com, for
EMC Corporation

Hologic Announces Second Quarter Fiscal 2008 Operating ResultsRevenues and Adjusted Earnings Increase to Record Highs

BEDFORD, Mass., May 1 /PRNewswire-FirstCall/ -- Hologic, Inc. , a diversified medical technologies company specializing in diagnostics, imaging systems and interventional devices dedicated to serving the healthcare needs of women, today announced its results for the quarter ended March 29, 2008.

Highlights of the quarter include: -- Record revenues of $431 million. -- Record 418 Selenia full-field digital mammography systems installed and recognized as revenue. -- Term loan balance reduced to $89.6 million at March 29, 2008.

Second quarter fiscal 2008 revenues totaled $431.0 million, a 138% increase when compared to revenues of $181.1 million in the second quarter of fiscal 2007. The increase was primarily attributable to the inclusion of approximately $189.2 million of revenues from the new product lines acquired in the merger with Cytyc Corporation on October 22, 2007. For the second quarter of fiscal 2008, Hologic reported net income of $56.0 million, or $0.22 per diluted share, compared with net income of $21.6 million, or $0.20 per diluted share, in the second quarter of fiscal 2007. Included in the second quarter of fiscal 2008 results were charges relating to the Cytyc merger of $25.1 million attributable to the amortization of intangibles and $0.8 million attributable to the increase in cost of revenues relating to the write-up of acquired inventory to fair market value. Earnings per share information for 2007 has been restated to reflect the Company's 2-for-1 stock split effected on April 2, 2008.

The Company's non-GAAP adjusted net income for the second quarter of fiscal 2008 increased 218% to $76.2 million compared to the Company's non-GAAP adjusted net income of $24.0 million in the second quarter of fiscal 2007. The Company's fiscal 2008 second quarter non-GAAP adjusted net income excludes the following:

-- a $30.8 million charge to operating expenses to amortize the intangible assets acquired from Cytyc, AEG, BioLucent, Fischer, R2 and Suros; and -- a $0.8 million increase in cost of revenues relating to the write-up of acquired inventory to fair value.

Non-GAAP adjusted net income is a non-GAAP financial measure. A reconciliation of this adjusted net income to the Company's net income for the second quarters and first six months of fiscal 2008 and 2007 is set forth in the supplemental disclosure schedule attached to this press release. The Company believes this non-GAAP measure is useful to investors in comparing the results of operations in fiscal 2008 to the comparable period in fiscal 2007 by eliminating certain of the more significant effects of the acquisitions that took place since fiscal 2006. Management uses this non-GAAP financial measure for this purpose, and these amounts are also excluded by the Company when calculating compliance with the Company's financial covenants under its credit facility. When analyzing the Company's operating performance, investors should not consider this non-GAAP measure as a substitute for net income prepared in accordance with GAAP.

For the six months ended March 29, 2008, revenues increased 133%, to $802.5 million compared to revenues of $344.3 million in the six months ended March 31, 2007. For the six months ended March 29, 2008, Hologic recognized a net loss of $302.6 million, or $1.28 per diluted share, compared with net income of $37.7 million, or $0.35 per diluted share, for the comparable six-month period in fiscal 2007. Included in the first six months of fiscal 2008 results were charges relating to the Cytyc merger of $370.0 million attributable to acquired in-process research and development costs, $42.3 million attributable to the increase in cost of revenues relating to the write-up of inventory to fair market value, and $45.5 million attributable to the amortization of intangibles.

During the second quarter, Hologic recognized as revenue the sale of 418 Selenia full-field digital mammography systems. At March 29, 2008, the Company's backlog for orders of Selenia systems was 535 systems, and total backlog for all products was $379.4 million.

"This quarter marks our first full quarter since we completed our acquisition of Cytyc. We are pleased with our results and proud of our accomplishments to date -- most notably, the alignment of our sales resources and our expanded product offerings," said Jack Cumming, Chief Executive Officer. "We are beginning to see the sales synergies we had hoped for, especially in our Breast Health segment as the combined sales force has opened up a channel of opportunity for our interventional breast solutions business. Fiscal 2008 continues to look bright as we remain committed to our financial targets."

In connection with its transformational merger with Cytyc in early fiscal 2008, the Company added two significant new operating segments and combined a number of previous operating segments to better align the new resources of the combined company.

The Company now has four reporting segments: Breast Health (formerly Mammography/Breast Care), Diagnostics, GYN Surgical and Skeletal Health. The Diagnostics and GYN Surgical reporting segments were previously part of Cytyc. The AEG and MammoSite (formerly a part of Cytyc) operations are now included in Breast Health, and the osteoporosis assessment, mini C-arm and MRI products are included in Skeletal Health.

Second quarter financial overview by segment: -- Breast Health revenues increased 41% to $223.3 million for the second quarter of fiscal 2008 from $158.0 million for the same period in fiscal 2007. This increase was primarily due to continued increasing sales of Selenia systems together with R2 CAD software and the inclusion of the recently acquired MammoSite product from Cytyc. Operating income for this business segment in the second quarter of fiscal 2008 increased to $58.3 million compared to operating income of $34.4 million in the second quarter of fiscal 2007. This increase in operating income in the current quarter was primarily due to the significant increase in revenues which resulted in higher gross margins than in the prior year. Operating income in the second quarters of fiscal 2008 and 2007 included a $7.2 million and $4.0 million charge, respectively, related to the amortization of intangible assets. Breast Health costs and expenses in the second quarters of fiscal 2008 and 2007 included $2.5 million and $1.3 million, respectively, of stock-based compensation. -- Diagnostics revenues, which includes the Company's ThinPrep products and Full Term Fetal Fibronectin test, totaled $124.4 million for the second fiscal quarter of 2008. The Company recognized no revenues from this segment prior to the completion of its merger with Cytyc on October 22, 2007. The operating income for this business segment in the second quarter of fiscal 2008 was $36.8 million. Operating income included a $17.0 million charge related to the amortization of intangible assets acquired in connection with the Cytyc merger. Costs and expenses for this business segment in the second quarter of fiscal 2008 included $1.2 million of stock-based compensation. -- GYN Surgical revenues, which includes the Company's NovaSure endometrial ablation system and the Company's Adiana complete transcervical sterilization system under development, totaled $55.2 million for the second fiscal quarter of 2008. The Company recognized no revenues from this segment prior to the completion of its merger with Cytyc on October 22, 2007. The operating income for this business segment in the second quarter of fiscal 2008 was $11.0 million. Operating income included a $6.8 million charge related to the amortization of intangible assets acquired in connection with the Cytyc merger. Costs and expenses for this business segment in the second quarter of fiscal 2008 included $0.8 million of stock-based compensation. -- Skeletal Health revenues increased to $28.1 million for the second quarter of fiscal 2008 from $23.1 million for the same period in fiscal 2007. This increase was primarily due to an increase in the number of mini C-arms sold and, to a lesser extent, an increase in the number of bone densitometry systems sold during the quarter. The operating income for this business segment in the second quarter of fiscal 2008 decreased to $50,000 compared to operating income of $0.4 million in the second quarter of fiscal 2007, reflecting a charge for purchase obligations on the MRI product line of $2.0 million in the current quarter. Skeletal Health costs and expenses in the second quarters of fiscal 2008 and 2007 included $0.4 million and $0.3 million, respectively, of stock-based compensation.

The Company recently completed a two-for-one stock split, effected in the form of a stock dividend with a record date of March 21, 2008 and a payment date of April 2, 2008. The Company's financial information in this press release and the financial statements to be included in its Quarterly Report on Form 10-Q for its quarter ended March 29, 2008 are expected to retroactively reflect the stock split.

Hologic's management will host a conference call today at 9:00 a.m. (Eastern) to discuss second quarter fiscal 2008 operating results. Interested participants may listen to the call by dialing 877-879-6201 or 719-325-4795 for international callers and referencing code 9184091 approximately 15 minutes prior to the call. For those unable to participate in the live broadcast, a replay will be available one hour after the call ends through May 9, 2008 at 888-203-1112 or 719-457-0820 for international callers, access code 9184091. The Company will also provide a live webcast of the call on the investor relations page of the Company's website at http://www.hologic.com/investor. A replay of the call will also be available on the investor relations page of the Company's website http://www.hologic.com/investor shortly after the completion of the live broadcast. A power point presentation related to the conference call will be posted in the investor relations page of the Company's website at http://www.hologic.com/investor.

About Hologic, Inc.

Hologic, Inc. is a leading developer, manufacturer and supplier of premium diagnostics, medical imaging systems and surgical products dedicated to serving the healthcare needs of women. Hologic's core business units are focused on breast health, diagnostics, GYN surgical, and skeletal health. Hologic provides a comprehensive suite of technologies with products for mammography and breast biopsy, radiation treatment for early-stage breast cancer, cervical cancer screening, treatment for menorrhagia, osteoporosis assessment, preterm birth risk assessment, and mini C-arm for extremity imaging.

Hologic, Adiana, AEG, Cytyc, BioLucent, Full Term, NovaSure, R2, Suros, Selenia, ThinPrep and associated logos are trademarks and/or registered trademarks of Hologic, Inc. and/or its subsidiaries in the United States and/or other countries.

Forward-Looking Disclaimer

This News Release contains forward-looking information that involves risks and uncertainties, including statements regarding the Company's plans, objectives, expectations and intentions. Such statements include, without limitation, statements regarding: the Company's backlog and any implication that the Company's backlog may be indicative of future sales; the Company's expectations regarding the demand for the Company's Selenia systems and other of the Company's products; the anticipated benefits from its business combination with Cytyc; and the outlook for fiscal 2008. These forward-looking statements are based upon assumptions made by the Company as of the date hereof and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those anticipated.

The Company's backlog consists of purchase orders for which delivery is scheduled within the next twelve months, as specified by the customer. In certain circumstances, orders included in backlog may be canceled or rescheduled by customers without significant penalty. Therefore, backlog as of any particular date should not be relied upon as indicative of the Company's revenues for any future period.

In addition to its merger with Cytyc, Hologic has recently acquired AEG Elektrofotografie, R2 Technologies, Suros Surgical Systems and BioLucent, Inc., and prior to Hologic's acquisition of Cytyc, Cytyc had recently acquired Adiana, Inc. and Adeza BioMedical Corp. Risks and uncertainties relating to the Cytyc merger and these acquisitions could cause actual results to materially differ from those contemplated by the forward-looking statements. Such risks and uncertainties include, without limitation: the ability of Hologic to successfully integrate acquired businesses, which may result in the combined companies not operating as effectively and efficiently as expected; the ability and time it may take to achieve the expected synergies from its acquisitions; the risk that the Company may incur unexpected costs or liabilities in connection with an acquisition; the risk that the combined companies may be adversely affected by future legislative, regulatory, or tax changes as well as other economic, business and/or competitive factors; risks associated with international operations; financing risks associated with its acquisition of Cytyc, including risks associated with the Company's significant debt incurred in financing that transaction, including the Company's obligation to meet financial covenants and payment obligations under the Company's financing arrangements and leases, restrictive covenants that may limit the Company's ability to engage in advantageous transactions and other risks generally associated with the substantial leverage and other limitations resulting from such financing.

Other risks and uncertainties that could adversely affect the Company's business and prospects include without limitation: the Company's reliance on third party reimbursement policies to support the sales and market acceptance of its products; manufacturing risks that may limit the Company's ability to increase commercial production of the Selenia and other of the Company's digital products, including the Company's reliance on a single source of supply for some key components of its products as well as the need to comply with especially high standards for those components and in the manufacture of digital X-ray products in general; uncertainties inherent in the development of new products and the enhancement of existing products, including technical and regulatory risks, cost overruns and delays; the risk that newly introduced products may contain undetected errors or defects or otherwise not perform as anticipated; the ability of the Company's sales force to successfully service its product offerings; the Company's ability to successfully manage current or future acquisitions, alliances or joint ventures; the Company's ability to predict accurately the demand for its products, and products under development, and to develop strategies to address its markets successfully; the early stage of market development for certain of the Company's products; expenses and uncertainties relating to litigation; technical innovations that could render products marketed or under development by the Company obsolete; competition; general worldwide economic conditions and related uncertainties; future legislative, regulatory, or tax changes as well as other economic, business and/or competitive factors; and the effect of exchange rate fluctuations on international operations. The risks included above are not exhaustive.

Other factors that could adversely affect the Company's business and prospects are described in the Company's filings with the Securities and Exchange Commission. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in the Company's expectations or any change in events, conditions or circumstances on which any such statement is based.

HOLOGIC, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (In thousands) ASSETS March 29, 2008 September 29, 2007 CURRENT ASSETS: Cash and cash equivalents $97,803 $100,403 Accounts receivable, net 313,451 152,743 Inventories 158,393 105,289 Deferred income tax asset 32,765 29,356 Prepaid expenses and other current assets 56,023 11,389 Total current assets 658,435 399,180 Property and equipment, net 276,227 69,769 Intangible assets, net 2,601,434 174,361 Goodwill, net 4,195,443 407,528 Other assets, net 58,943 15,511 $7,790,482 $1,066,349 LIABILITIES AND STOCKHOLDERS' EQUITY March 29, 2008 September 29, 2007 CURRENT LIABILITIES: Current portion of notes payable $2,717 $1,977 Accounts payable 59,409 42,289 Accrued expenses 137,716 88,577 Deferred revenue 67,691 45,769 Deferred gain 7,500 - Total current liabilities 275,033 178,612 Notes payable net of current portion 99,564 9,222 Convertible debt 1,725,000 - Deferred tax liabilities 941,272 54,866 Deferred revenue 10,264 10,135 Other long term liabilities 52,162 7,791 Total long term liabilities 2,828,262 82,014 STOCKHOLDERS' EQUITY: Common stock, $.01 par value - Authorized - 750,000 shares Issued - 255,685 and 110,300 shares, respectively 2,557 1,103 Capital in excess of par value 4,812,184 633,477 Retained earnings (134,649) 168,453 Accumulated other comprehensive income 8,528 4,123 Treasury stock, 214 shares at cost (1,433) (1,433) Total stockholders' equity 4,687,187 805,723 $7,790,482 $1,066,349 HOLOGIC, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (In thousands, except per share data) Three Months Ended Six Months Ended March 29, March 31, March 29, March 31, 2008 2007 2008 2007 REVENUES $431,048 $181,086 $802,494 $344,299 COSTS AND EXPENSES (1): Cost of revenues 166,489 94,929 349,946 180,715 Cost of revenues - amortization of intangible assets 24,921 2,648 45,075 5,848 Research and development 19,364 10,986 39,511 21,707 Selling and marketing 68,262 19,920 125,248 40,959 General and administrative 39,732 16,445 74,068 30,986 Amortization of acquired intangible assets 6,169 1,354 12,418 2,762 Impairment of acquired intangible assets - - 2,900 - Acquired in-process research and development - - 370,000 - 324,937 146,282 1,019,166 282,977 Income (loss) from operations 106,111 34,804 (216,672) 61,322 Interest income 871 516 3,124 777 Interest and other expense, net (19,498) (1,036) (51,171) (1,879) Income (loss) before provision for income taxes 87,484 34,284 (264,719) 60,220 Provision for income taxes 31,498 12,650 37,903 22,500 Net income (loss) $55,986 $21,634 $(302,622) $37,720 Net income (loss) per common and common equivalent share: Basic $0.22 $0.20 $(1.28) $0.36 Diluted $0.22 $0.20 $(1.28) $0.35 Weighted average number of common shares outstanding: Basic 255,253 106,620 236,068 105,927 Diluted 259,798 109,526 236,068 109,157 (1) Stock-based Compensation included in Costs and Expenses: Cost of revenues $518 $192 $1,243 $365 Research and development 543 195 1,229 405 Selling and marketing 780 198 1,495 342 General and administrative 3,082 1,003 8,539 1,992 $4,923 $ 1,588 $12,506 $ 3,104 Hologic, Inc. and Subsidiaries Consolidated Statements of Operations and Reconciliation of GAAP Net Income to Non-GAAP Adjusted Net Income (Unaudited) (In thousands) Three Months Ended Three Months Ended March 29, 2008 March 31, 2007 GAAP Adjustments Non-GAAP GAAP Adjustments Non-GAAP REVENUES $431,048 - $431,048 $181,086 - $181,086 COSTS AND EXPENSES: Cost of revenues 166,489 (825)(1) 165,664 94,929 - 94,929 Cost of revenues - Amortization of intangible assets 24,921 (24,658)(2) 263 2,648 (2,381)(2) 267 Research and development 19,364 - 19,364 10,986 - 10,986 Selling and marketing 68,262 - 68,262 19,920 - 19,920 General and administrative 39,732 - 39,732 16,445 - 16,445 Amortization of acquired intangible assets 6,169 (6,169)(2) - 1,354 (1,354)(2) - Impairment charge - - - - - - Charge for in-process research and development - - - - - - 324,937 (31,652) 293,285 146,282 (3,735) 142,547 Income from operations 106,111 31,652 137,763 34,804 3,735 38,539 Interest income 871 - 871 516 - 516 Interest and other income (expense), net (19,498) - (19,498) (1,036) - (1,036) Income before provision for income taxes 87,484 31,652 119,136 34,284 3,735 38,019 Provision for income taxes 31,498 11,400(3) 42,898 12,650 1,380(4) 14,030 Net income $55,986 $20,252 $76,238 $21,634 $2,355 $23,989 (1) - (7) see explanatory notes on following pages. Hologic, Inc. and Subsidiaries Consolidated Statements of Operations and Reconciliation of GAAP Net Income (Loss) to Non-GAAP Adjusted Net Income (Unaudited) (In thousands) Six Months Ended Six Months Ended March 29, 2008 March 31, 2007 GAAP Adjustments Non-GAAP GAAP Adjustments Non-GAAP REVENUES $802,494 - $802,494 $344,299 - $344,299 COSTS AND EXPENSES: Cost of revenues 349,946 (42,368)(1) 307,578 180,715 - 180,715 Cost of revenues - Amortization of intangible assets 45,075 (44,548)(2) 527 5,848 (5,307)(2) 541 Research and development 39,511 - 39,511 21,707 - 21,707 Selling and marketing 125,248 - 125,248 40,959 - 40,959 General and administrative 74,068 - 74,068 30,986 - 30,986 Amortization of acquired intangible assets 12,418 (12,418)(2) - 2,762 (2,762)(2) - Impairment charge 2,900 (2,900)(5) - - - - Charge for in-process research and development 370,000 (370,000)(6) - - - - 1,019,166 (472,234) 546,932 282,977 (8,069) 274,908 (Loss) income from operations (216,672) 472,234 255,562 61,322 8,069 69,391 Interest income 3,124 - 3,124 777 - 777 Interest and other income (expense), net (51,171) - (51,171) (1,879) - (1,879) (Loss) income before provision for income taxes (264,719) 472,234 207,515 60,220 8,069 68,289 Provision for income taxes 37,903 36,800(7) 74,703 22,500 3,000(4) 25,500 Net (loss) income $(302,622) $435,434 $132,812 $37,720 $5,069 $42,789 (1) - (7) see explanatory notes on following pages. (1) To exclude the increase in cost of revenues resulting from the write-up of acquired Cytyc inventory sold during fiscal 2008. (2) To exclude the on-going, non-cash amortization of the intangible assets acquired since fiscal 2006. (3) To reflect the tax effect at an estimated effective tax rate of 36% of adjustments (1) and (2) above. (4) To reflect the tax effect at an estimated effective tax rate of 37% of adjustment (2) above. (5) To exclude the non-cash expense associated with the write-off of certain intangible assets acquired from Cytyc in the first quarter of fiscal 2008. (6) To exclude the non-cash expense associated with the write-off of the acquired in-process research and development related to the acquisition of Cytyc in the first fiscal quarter of 2008. (7) To reflect the tax effect at an estimated effective tax rate of 36% of adjustments (1), (2), and (5) above. Contact: Glenn P. Muir Frances Doria Executive Vice President & CFO Director, Investor Relations Hologic, Inc. Hologic, Inc. (781) 999-7300 (781) 999-7377

Hologic, Inc.

CONTACT: Glenn P. Muir, Executive Vice President & CFO, +1-781-999-7300,
or Frances Doria, Director, Investor Relations, +1-781-999-7377, both of
Hologic, Inc.

Web site: http://www.hologic.com/
http://www.hologic.com/investor

BPO Management Services Achieves Certification to Comply With New Payment Card Industry StandardsCertification Enhances Security for Clients that Process Credit Card Data

ANAHEIM, Calif., May 1 /PRNewswire-FirstCall/ -- BPO Management Services, Inc., "BPOMS" (BULLETIN BOARD: BPOM) a leading full-service business process outsourcing company focused on serving middle-market enterprises, today announced that its IT outsourcing (ITO) solutions division successfully completed TrustWave's TrustKeeper(R) Compliance Validation Service to meet the Payment Card Industry Data Security Standards (PCI DSS).

Based upon information BPOMS provided to TrustWave regarding its policies, procedures and technical systems that store, process and/or transmit cardholder data, and the TrustKeeper scan of those systems, BPOMS as of Feb 21, 2008, has satisfactorily met the requirements of PCI DSS.

All the major card associations' data security programs have accredited TrustWave and its TrustKeeper Compliance Validation Service, including:

-- VISA USA - (CISP - Cardholder Information Security Program) -- VISA International - (AIS - Account Information Security) -- MasterCard Worldwide - (SDP - Site Data Protection) -- American Express - (DSOP - Data Security Operating Policy) -- Discover Network - (DISC - Discover Information Security and Compliance) -- JCB - Fully supports the PCI DSS mandate and TrustKeeper in support of that mandate.

"This certification is an important achievement for BPOMS in keeping with our goal to continue to meet the needs of our customers by offering high-quality outsourcing solutions so that they can successfully meet the data security standards of their own customers," stated BPOMS Chief Executive Officer Patrick Dolan.

About BPO Management Services, Inc.

BPO Management Services (BPOMS) is a business process outsourcing (BPO) service provider that offers a diversified range of on-demand services, including human resources, information technology, and enterprise content management solutions to support the back-office business functions of middle-market enterprises on an outsourced basis. BPOMS supports middle-market businesses new to the BPO market, established businesses that already outsource, and businesses seeking to maximize return-on-investment from their in-house workforce. For more information, please visit.

Forward Looking Statements

Certain statements in this press release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as "anticipate, "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. Such forward-looking statements, involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of BPO Management Services (the "Company") to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to: (i) the Company's ability to obtain sufficient capital or a strategic business arrangement to fund its current operational or expansion plans; (ii) the Company's ability to build and maintain the management and human resources and infrastructure necessary to support the anticipated growth of its business; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors discussed in the Company's periodic filings with the Securities and Exchange Commission, which are available for review at http://www.sec.gov/ under "Search for Company Filings."

PR/Media Relations Contact: Richard Stern Stern & Co. richstern@sternco.com Tel: 212-888-0044 Alison Simard Stern & Co. arsimard@sternco.com Tel: 323-650-7117 IR Contact: Arun Chakraborty achakrab@sternco.com 212-888-0044 Company Contact: BPO Management Services, Inc. Patrick Dolan, Chairman & CEO patrick.dolan@bpoms.com

BPO Management Services, Inc.

CONTACT: media relations, Richard Stern, +1-212-888-0044,
richstern@sternco.com, or Alison Simard, +1-323-650-7117,
arsimard@sternco.com, or IR, Arun Chakraborty, +1-212-888-0044,
achakrab@sternco.com, all of Stern & Co., for BPO Management Services, Inc.;
or Patrick Dolan, Chairman & CEO of BPO Management Services, Inc.,
patrick.dolan@bpoms.com

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

Manticore Technology Closes 50th Customer on the AppExchangeStrong demand within the salesforce.com customer base for on-demand marketing automation platform that combines power, one-hour implementation time, and zero configuration cost drives rapid adoption

AUSTIN, Texas and SAN FRANCISCO, May 1 /PRNewswire-FirstCall/ -- Manticore Technology(TM), a leading provider of automated demand generation solutions, and salesforce.com , the market and technology leader in Software-as-a-Service and Platform-as-a-Service, today announced that more than 50 customers, including Jaspersoft and Xactly, have successfully deployed Manticore Technology for Salesforce via the AppExchange to create a holistic marketing and sales platform. This allows customers to better align sales and marketing, reducing sales cycles and increasing profitability.

(Logo: http://www.newscom.com/cgi-bin/prnh/20050216/SFW105LOGO)

"With an intuitive user interface, quick deployment, and an extensive feature set including drip marketing, landing pages and lead scoring, Manticore Technology was the obvious choice," said Tim Cloonan, director of community development, Jaspersoft. "Like salesforce.com, Manticore Technology delivers the true value of on-demand software in the demand generation space offering quick implementation, no configuration cost and a 30-day free trial to prove the value internally. Manticore was the best demand generation solution to fit our needs."

"The days of marketing and sales operating as isolated departments with little or no collaboration are over," said Nicholas Walker, president and CEO. "Sales and marketing teams both want to increase sales and profitability, but they have to be able to communicate efficiently and effectively to do so. Manticore Technology and salesforce.com allow these two critical teams to work in unison via an integrated platform within only hours, not weeks or months, of implementation and training."

"Thousands of companies are using the AppExchange to extend the benefits of Software-as-a-Service applications throughout their enterprises," said Clarence So, chief marketing officer, salesforce.com. "Our customers can quickly and easily deploy Manticore Technology via the AppExchange to leverage the benefits of this powerful marketing tool, saving time and increasing profits."

Manticore Technology is a scalable, powerful demand generation platform that enables marketers to nurture leads and feed sales a constant flow of qualified leads through automation. Key features include:

* Demand Booster Drip Marketing -- Build lead nurturing through an incredibly intuitive drag-and-drop interface, to ensure a constant stream of qualified leads; * Lead Scoring -- Dynamically score leads based on fit with a target market and marketing response behavior, including website visits and collateral downloads; * Landing Pages with Pre-Populated Forms -- Increase response rates with little or no IT resources through landing pages with pre-populated form fields; * Deep Salesforce Integration -- Feed invaluable marketing data on individual leads to sales including web pages viewed, collateral downloaded and organic search terms used, identifying WHO to engage and WHAT to talk to them about.

"Manticore Technology is an effective, automated on-demand marketing solution that offers an immediate impact and significant benefit to both sales and marketing teams," said Karen Steele, vice president marketing, Xactly Corporation. "Other automated on-demand solutions are out there for marketers, but few provide the robust tools and ease of use as promised, and delivered by, Manticore Technology."

Force.com Platform and the AppExchange

Force.com reinvents the traditional development, deployment and distribution of any business application with platform-as-a-service. Developers, customers and partners can use Force.com to easily create a new generation of on-demand applications and deploy them worldwide as a service. Force.com allows applications to be easily shared, exchanged and installed with a few simple clicks via salesforce.com's AppExchange marketplace, enabling all the innovation that Force.com unleashes to be easily distributed to the entire on-demand community.

The AppExchange economy continues to expand, with thousands of customers installing applications via the AppExchange. Customers of all sizes can quickly and easily extend Salesforce with additional on-demand business applications available on the AppExchange, found at http://www.salesforce.com/appexchange.

About salesforce.com

Salesforce.com is the market and technology leader in Software-as-a-Service (SaaS) and Platform-as-a-Service (PaaS). The company's portfolio of SaaS applications, including its award-winning CRM, available at http://www.salesforce.com/products/, has revolutionized the ways that customers manage and share business information over the Internet. The company's Force.com PaaS enables customers, developers and partners to build powerful on-demand applications that deliver the benefits of multi-tenancy across the enterprise. Applications built on the Force.com platform, available at http://www.force.com/, can be easily shared, exchanged and installed with a few simple clicks via salesforce.com's AppExchange marketplace available at http://www.salesforce.com/appexchange/.

As of January 31, 2008, salesforce.com manages customer information for approximately 41,000 customers including ABN AMRO, Dow Jones Newswires, Japan Post, Kaiser Permanente, KONE, Sprint Nextel, and SunTrust Banks. Any unreleased services or features referenced in this or other press releases or public statements are not currently available and may not be delivered on time or at all. Customers who purchase salesforce.com applications should make their purchase decisions based upon features that are currently available. Salesforce.com has headquarters in San Francisco, with offices in Europe and Asia, and trades on the New York Stock Exchange under the ticker symbol "CRM". For more information please visit http://www.salesforce.com/, or call 1-800-NO-SOFTWARE.

Copyright (c) 2008 salesforce.com, inc. All rights reserved. Salesforce and the "no software" logo are registered trademarks of salesforce.com, inc., and salesforce.com owns other registered and unregistered trademarks. Other names used herein may be trademarks of their respective owners.

About Manticore Technology Corporation

Manticore Technology is a market leading on-demand lead-nurturing solution. Manticore Technology enables marketers to effortlessly move sales prospects through the pipeline and feed their sales team invaluable insight in the interests of each lead, thereby reducing sales cycles, increasing productivity, and driving revenue for an organization. Manticore Technology has more than 60 enterprise customers, including, International Truck, Jaspersoft, Riverbed Technology, Sharebuilder 401(k) and Xactly Corp. Headquartered in Austin, Texas, Manticore Technology is a privately funded company. For more information visit http://www.manticoretechnology.com/ or call (512) 241-3780.

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20050216/SFW105LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com salesforce.com

CONTACT: Christopher Doran of Manticore Technology, +1-512-241-3780,
Christopher.doran@manticoretechnology.com; or Katy Dormer of salesforce.com,
+1-415-901-8595, kdormer@salesforce.com

Web site: http://www.salesforce.com/
http://www.manticoretechnology.com/

Bumble Bee Foods Launches BeeWell Miles; An Interactive Health and Wellness Program Benefitting the Y-Me National Breast Cancer FoundationCampaign Encourages Consumers to Get Active and Give Back By Logging Miles and Eating Right

SAN DIEGO, May 1 /PRNewswire/ -- A healthy lifestyle is always important and to encourage consumers to get active, Bumble Bee Foods today launched the BeeWell Miles Program, benefitting the Y-ME National Breast Cancer Organization with a donation of up to $200,000. Running from May 1 to June 30, 2008, BeeWell Miles encourages and inspires consumers to get moving and eat healthy via BeeWellMiles.com, an interactive website dedicated to creating an active lifestyle.

Consumers can participate in the BeeWell Miles program in a variety of ways. One way is through healthy eating. During the two-month campaign, grocery store shelves will get a makeover with 10 million pink Bumble Bee(R) Solid White Albacore tuna cans -- a low fat, high protein food that is ideal for a healthy diet. Through these special pink cans, Bumble Bee Foods is making an initial donation of $150,000 to Y-ME. In addition to eating well, BeeWell Miles will encourage consumers to get active via BeeWellMiles.com, an interactive Web site where consumers can get information for a healthy lifestyle and log the miles they are walking or running each day. When one million miles are logged, Bumble Bee Foods will donate an additional $50,000 to Y-ME for a total donation of $200,000.

"A healthy lifestyle is central to Bumble Bee's mission and core identity," said Dave Melbourne, senior vice president, consumer marketing for Bumble Bee Foods. "Bumble Bee Foods is delighted to partner with Health magazine's Girls Gotta Move Running Club to present a campaign that can inspire positive change towards a healthy lifestyle, as well as give back to a meaningful cause through the Y-ME National Breast Cancer Organization."

The website will offer tools to make the most of one's healthy active lifestyle. For example, consumers can meet other health-minded individuals in their local neighborhood through Health's Girls Gotta Move Running Club. The website also offers a wide variety of articles, recipes, tips, and quizzes from Health magazine to show how eating well can be simple and easy. Consumers can log what they eat on BeeWellMiles.com to understand the calories associated with their diet. Then, by logging the miles they walk or run each day, consumers can gauge how well they are offsetting the calories through exercise.

Plus, when consumers log their miles, they have a chance to instantly win one of over 10,000 prizes including ASICS(R) footwear, Fitbug(R) memberships including USB accelerometer and online coaching for one year, $100 spa certificates (redeemable at spas nationwide), $50 BeeWell Checks redeemable at any electronic store nationwide for MP3 players and other electronics, $20 BeeWell Check redeemable at any sport store nationwide for sporting gear and apparel, pedometers and music downloads. No purchase necessary to participate.

Funding raised through the BeeWell Miles program will help Bumble Bee Foods support core Y-ME initiatives including the 24-hour national breast cancer hotline, survivor and partner match programs and wig and prosthesis bank.

More information on the BeeWell Miles program can be found at http://www.beewellmiles.com/. For more information on Bumble Bee Foods, please visit http://www.bumblebee.com/.

About Bumble Bee Foods

Bumble Bee Foods, LLC, headquartered in San Diego, is the U.S. operating subsidiary of Connors Bros. Income Fund (TSX: CBF.UN) -- a limited purpose trust established under the laws of Ontario, Canada. Bumble Bee Foods comprises North America's largest branded seafood company, offering a full line of canned tuna, salmon, sardine, and specialty protein products marketed under leading brands including Bumble Bee(R), Clover Leaf(R), Brunswick(R) and Beach Cliff(R). The Bumble Bee brand has established significant consumer awareness and loyalty based on the superior quality of its protein products. For more information on Bumble Bee, visit http://www.bumblebee.com/.

About Y-ME

Y-ME National Breast Cancer Organization's mission is to ensure, through information, empowerment and peer support, that no one faces breast cancer alone. Y-ME has the only 24-hour hotline staffed entirely by trained breast cancer survivors. Additionally, affiliates throughout the nation provide services such as support groups, early detection workshops, wigs and prostheses for women with limited resources and advocacy on breast cancer related policies.

Bumble Bee Foods

CONTACT: Amy Jones, +1-619-237-7717, amy.jones@fleishman.com, or Megan
Verardi, +1-619-237-7715, megan.verardi@fleishman.com, both of
Fleishman-Hillard, for Bumble Bee Foods

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

Sunrise Telecom(R) Reports $20.0 Million Sales for First Quarter of 2008; Announces Reorganization- Preliminary GAAP loss from operations of $5.2 million- Second quarter 2008 sales projected between $16 million and $20 million- Backlog at quarter end of $9.9 million- Gerhard Beenen promoted to Chief Operating Officer

SAN JOSE, Calif., May 1 /PRNewswire-FirstCall/ -- Sunrise Telecom(R) Incorporated (Pink Sheets: SRTI), a leader in test and measurement solutions for today's telecom, wireless and cable networks, today reported sales of $20.0 million for the first quarter 2008 compared to $20.2 million in the first quarter of 2007 and down 26% sequentially from $27.2 million in the fourth quarter of 2007. The first quarter for the network test market, including Sunrise Telecom products, is often characterized by seasonally lower sales as major North American telecom and cable operators finalize budgets for the new year.

Preliminary net loss per share was $(0.07) for the first quarter 2008, compared to net loss per share of $(0.10) for the first quarter 2007 and net loss per share of $(0.03) for the fourth quarter 2007. Backlog as of March 31, 2008 was $9.9 million, compared to $7.7 million as of December 31, 2007.

Reorganization

Sunrise Telecom also announced a reorganization to more closely align its operations with the company's key strategic focus. The reorganization positions the company to more effectively target the residential triple play market, enhanced business services, and the converging core network.

Sunrise Telecom will combine its broadband, wireline and fiber optics operations. Given the evolving convergence of voice, data and video services, by integrating these three divisions, the company will be better positioned to efficiently serve the needs of its customers. Gerhard Beenen has been promoted to Chief Operating Officer of Sunrise Telecom, in charge of the newly combined operations and manufacturing. The Protocol Products Group will remain a separate business unit, focused on OSS protocol solutions for next-generation communications networks. These actions are part of the company's continued cost reduction measures to improve profitability.

Wireline

Wireline product sales were $8.2 million for the first quarter of 2008, up 39% year-over-year and down 21% sequentially. Demand for routine/maintenance DSL testing equipment orders as well as ADSL2+ and VDSL standards remained strong across several international markets in the quarter. In the U.S., weak demand from Tier-1 carriers for copper access testing equipment continued.

During the quarter, the company introduced a new SunSet MTT(R) DSL access product to capture increasing demand in the triple play test market. Sales of the SunSet MTT series during the quarter benefited from an increase in orders shipped to customers outside the U.S., including: Russia, Canada and the U.K.

New service deployments of two-megabit access in emerging markets continued to provide resurgence in global demand for Sunrise Telecom products. Legacy models, led by sales of the SunSet E20 product line, have exceeded product lifecycle expectations and generated significant revenue opportunities to offset the slowdown in U.S. sales.

Broadband Cable

Broadband product sales were $5.3 million for the first quarter of 2008, down 15% year-over-year and up 5% sequentially. CM2000(TM) sales were driven by deployments to both Tier-1 and Tier-2 cable operators in North America. The company began field implementation of the CM2000 series with an international Tier-1 network operator in the quarter. The company expects CM2000 demand to ramp in the second half of this year. The company is seeing a slowdown in orders for earlier product versions of the CM product family.

Sales of the AT2500(TM) video headend equipment were driven by follow-on orders to Tier-1 and Tier-2 cable operators in the quarter. The RealWORX(TM) software solution, which provides real-time network monitoring, was deployed to a new Tier-1 service provider in the Southeastern U.S. during the first quarter. The company also began a new deployment to a customer in Western Europe and expects orders will ramp in the second quarter of 2008.

Fiber Optics

Fiber optics revenues were $5.3 million for the first quarter of 2008, down 23% year-over-year and down 41% sequentially. The Scalable Test Toolkit (STT) product line, which targets a broad range of applications in metro networks, continued to be a solid performer, contributing the largest share of sales for the quarter.

Sales for Ethernet products during the quarter were negatively impacted by customer budgeting cycles. Despite the seasonal weakness, domestic sales were offset by traction gained in Japan and Germany. The company booked sizable new orders in these markets and had additional follow-on orders with a U.K. carrier during the quarter. The company also benefited from follow-on orders from another U.K. carrier for the STT ONE, which supports Ethernet payloads inside SONET/SDH and OTN transport protocol.

The company received a large order for the STT xWDM from a Western European carrier. The xWDM configuration supports the rollout of ROADM (Reconfigurable Optical Add/Drop Multiplexer) technology. Sunrise Telecom continues to target additional opportunities for xWDM configurations in several markets for the STT xWDM.

The company continued to see strong demand for its SDH testing equipment, particularly in Japan, where shipments are expected to increase in the second quarter.

Protocol

Protocol products generated revenues of $1.2 million for the first quarter 2008, down 6% year-over-year and down 58% sequentially. The Traffic Analysis and Monitoring System (TAMS(TM)) was the main revenue driver in the quarter. The company expects to recognize deferred revenues in the second half of 2008 from a 2007 deployment to a major North American carrier. The company also had healthy sales for the 3GMaster(R) and NeTracker(R) with orders shipped to carriers in the U.K., Germany, Italy and Latin America. The company was awarded a new TAMS contract with a German carrier in the quarter and the sales pipeline remains strong for the Protocol Products Group.

First Quarter Financial Highlights

In the first quarter 2008, Sunrise Telecom reported a gross margin of 59% down from 60% in the fourth quarter of 2007 and down from 65% in the first quarter a year ago. First quarter costs of goods sold included an increase in inventory reserves and inventory write-off charges of $0.7 million related to reduced demand for older broadband products as well as a discontinued wireline product.

Loss from operations was $5.2 million in the first quarter 2008. Excluding the impact of restructuring charges, loss from operations was $4.6 million in the first quarter of 2008. Operating expenses decreased by $0.9 million sequentially, including $0.6 million in restructuring charges. First quarter expenses related to the 2006 audit and SEC reporting were $0.7 million.

Outlook

Based on current backlog and order expectations, Sunrise Telecom forecasts its second quarter sales to be in the range of $16-20 million due to softness in the North American market.

Status of SEC filings

In April of 2008, Sunrise Telecom filed with the Securities and Exchange Commission (the "SEC") its Form 10-K for the fiscal year ended December 31, 2006. Substantial work still remains to complete the 2007 audit and associated reports; however, the company is committed to filing these reports as quickly as possible. The company has engaged temporary accounting resources to accelerate the filing of its overdue SEC filings.

Financial Results Summary (In thousands, except per share and percentage data, unaudited) For the Three Months Ended Mar. 31, 2008 Selected Income Statement Data (preliminary) Net sales $19,970 Loss from operations $(5,242) Net income $(3,798) Diluted earnings per share $(0.07) Shares outstanding (diluted) 51,349 Gross profit percentage 59% Backlog at end of quarter $9,937 Selected Consolidated Balance Sheet Data (preliminary) Mar. 31, 2008 Cash and cash equivalents $13,568 Accounts receivable, net of allowance of $473 15,540 Inventories 17,609 Short-term borrowings and current portion of notes payable 183 Accounts payable 3,565 Other accrued expenses 13,728 Deferred revenue 4,333 Notes payable, less current portion 377

These results are preliminary and subject to change as this financial information been subjected to completed audit or review procedures, by our independent auditor.

SUNRISE TELECOM INCORPORATED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (preliminary) (In thousands, except per share data, unaudited) Three Months Ended Mar. 31, 2008 Net sales $19,970 Cost of sales 8,128 Gross profit 11,842 Operating expenses: Research and development 5,333 Selling and marketing 6,325 General and administrative 4,791 Restructuring 635 Total operating expenses 17,084 Loss from operations (5,242) Other income, net 1,554 Loss before income taxes (3,688) Income tax expense 110 Net loss $(3,798) Earnings per share: Basic and diluted $(0.07) Shares used in per share computation: Basic and diluted 51,349 SUNRISE TELECOM INCORPORATED NET SALES DETAILS (preliminary) (In thousands, unaudited) Three Months Ended Mar. 31, Dec. 31, Mar. 31, 2008 2007 2007 By Product: Wireline access $8,157 41% $10,307 38% $5,865 29% Cable broadband 5,279 27% 5,026 18% 6,175 31% Fiber optics 5,323 26% 8,949 33% 6,906 34% Protocol 1,211 6% 2,910 11% 1,283 6% $19,970 $27,192 $20,229 Three Months Ended Mar. 31, Dec. 31, Mar. 31, 2008 2007 2007 By Region: North America (United States and Canada) $7,528 38% $10,794 40% $8,722 43% Asia Pacific 4,738 24% 4,724 17% 4,155 21% Europe/Africa/ Middle East 6,832 34% 10,372 38% 6,631 33% Latin America 872 4% 1,302 5% 721 3% $19,970 $27,192 $20,229 SUMMARY OF CERTAIN NONCASH EXPENSES (preliminary) (In thousands, unaudited)

The following expenses are included in the applicable lines of Sunrise Telecom Incorporated's Condensed Consolidated Statements of Operations, as required by GAAP.

Three Months Ended Mar. 31, 2008 Share based compensation: Included in cost of sales $4 Included in research and development 35 Included in selling and marketing 22 Included in general and administrative 3 $64 Amortization of acquisition-related intangible assets included in general and administrative $70 About Sunrise Telecom Incorporated

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

SUNRISE TELECOM, the "S" logo, and other trademarks are trademarks of Sunrise Telecom Incorporated and may not be used without permission.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 and Section 27A of the Securities Act of 1933, including, but not limited to, material contained in quotations, sales expectations for the second quarter of 2008, expectations related to the implementation of a cost reduction program and ability to reduce operating expenses. These forward-looking statements are subject to many risks and uncertainties that could cause actual results to differ materially from those projected. Specific factors that may cause results to differ include the following: a lack of acceptance or slower than anticipated acceptance for Sunrise Telecom's new or enhanced products and modules; slower than anticipated product development or introduction into the marketplace; unanticipated delays in product delivery schedules; lower than anticipated end-user demand for telecommunications services and a corresponding cutback in spending by customers; increased competitive pressures, including from former employees; rapid technological change within the telecommunications industry; Sunrise Telecom's dependence on a limited number of major customers; Sunrise Telecom's dependence on limited source suppliers; deferred or lost sales resulting from order cancellations or order changes; deferred or lost sales resulting from Sunrise Telecom's lengthy sales cycle; unanticipated difficulties associated with international operations; Sunrise Telecom's ability to manage growth and slowdowns; disproportionately high compliance costs relative to Sunrise Telecom's size; time spent by management reviewing alternative capital structure proposals and strategic, balance-sheet asset proposals to make the Company more successful; ineffective internal controls requiring remediation; the long-term impact of cost controls; the unknown effects of management changes; the ramifications of Sunrise Telecom's inability to file required reports with the SEC on a timely basis; any potential claims or proceedings related to such matters, including stockholder litigation and any action by the SEC; and protracted litigation, which could disrupt Sunrise Telecom's normal business operations. Some of these risks and uncertainties are described in more detail in Sunrise Telecom's reports filed with the SEC, including, but not limited to, its Annual Report on Form 10-K for the period ended December 31, 2006. Sunrise Telecom assumes no obligation to update the forward-looking statements included in this press release.

Sunrise Telecom Incorporated

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

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

Cobra Electronics Reports Profitable QuarterReturn to Profitability Reflects PPL GrowthMobile Navigation Operating Loss Swings to Profit

CHICAGO, May 1 /PRNewswire-FirstCall/ -- Cobra Electronics Corporation , a leading global designer and marketer of mobile communications and navigation products, today reported net income of $81,000, or $0.01 per fully diluted share in the first quarter of 2008, as compared to a net loss of $720,000, or $0.11 per share in the prior year's first quarter. The company reported improved profitability in spite of a decline in sales to $28.9 million from $32.0 million in the first quarter of the prior year as gross margins improved and operating expenses declined. Offsetting, in part, the significant improvement in year-over-year operating income was an increase in other expenses, primarily losses in the cash surrender value of life insurance polices that fund certain deferred compensation programs resulting from recent financial market declines. The company also reported that the Performance Products Limited ("PPL") segment was profitable and accretive to earnings, as sales increased by nearly 39 percent and gross margins improved.

"We are pleased with Cobra's improved performance in the first quarter and our return to profitability," said Jim Bazet, Cobra's President and Chief Executive Officer. "In particular, the performance of PPL was very strong, reflecting the broadening of their marketing and distribution channels beyond the U.K., new business opportunities and the availability of Cobra's resources to assist with product sourcing and development. As a result, PPL had earnings from operations in the first quarter of $596,000, as compared to $33,000 in the prior year. In the Cobra segment, earnings from operations were positive, as the mobile navigation product line generated an operating profit of $581,000, offsetting a seasonal operating loss of $568,000 in the other segment product lines. The mobile navigation operating income, which compared favorably to an operating loss of $472,000 in the prior year, was due to the timing of product returns and the sale of products at higher prices than anticipated as reserves were established in the fourth quarter of last year. The operating loss in the other product lines was somewhat greater than in the prior year, but generally in line with our normal seasonal patterns."

Net sales for the quarter declined to $28.9 million from $32.0 million in the prior year. Mobile navigation sales in the Cobra segment accounted for approximately $470,000 of this decline, as the company implemented its strategy to focus its efforts on niche opportunities. Excluding mobile navigation from both periods results in an overall decline of approximately 14 percent in net sales for the first quarter of 2008. In part, this reflects the effects of the overall economy, as key retailers have delayed planogram resets until the second quarter and consumer spending, particularly among professional drivers, has been adversely affected by climbing fuel prices. PPL reported a 38.6 percent increase in sales, to $4.3 million, including higher sales of mobile navigation and the sale of SD cards containing speed camera and other data for use in smartphones.

Cobra reported improved gross margins as compared to the first quarter of 2007. On a consolidated basis, Cobra's gross margin increased to 30.9 percent from 25.2 percent in the prior year. This reflected an improvement in gross margins in the Cobra reporting segment to 28.4 percent from 23.3 percent, as well as a 45.1 percent gross margin for the Performance Products segment of the company, an increase from 43.3 percent in the prior year. The gross margin in the Cobra segment was favorably impacted by the accounting treatment of mobile navigation product returns and reserves; however, even after adjusting both periods to eliminate the effects of mobile navigation, the gross margin improved from 25.8 percent in the first quarter of 2007 to 27.2 percent in 2008 as several product lines showed improvements.

Selling, general and administrative expenses declined to $8.3 million in the first quarter from $9.0 million in the prior year. This decline represents a concerted effort by management to curtail expenses and includes headcount reductions and lower professional fees. "We have communicated throughout the company that operating expenses must be watched closely and each expense scrutinized before making commitments," said Mr. Bazet. "Clearly, progress was made in the first quarter, but the pressure must be maintained if we are to meet our own goals and expectations."

Cobra also recorded other expenses of $192,000 in the quarter, as compared to other income of $257,000 in the first quarter of the prior year. The most significant element of this swing was a $349,000 loss on the cash surrender value of life insurance that the company owns for the purpose of funding deferred compensation programs for several current and former officers of the company. The loss was generated as the investment vehicles in which the cash was invested declined in value in line with the overall financial markets.

Cobra maintained its strong balance sheet position during the first quarter. The company had interest-bearing debt of $19.7 million as of March 31, 2008 and cash of $6.2 million, for "net debt" of $13.4 million, as compared to "net debt" of $12.9 million the prior year. Inventory at the end of the first quarter increased to $32.9 million from $29.9 million the prior year, including $4.7 million of inventory at PPL. Accounts receivable at the end of the quarter, including $1.7 million at PPL, were $21.8 million, a decline from $24.3 million one year earlier. Net book value per share as of March 31, 2008 decreased to $9.99 from $10.58 one year ago.

Mr. Bazet also provided the company's outlook for the second quarter of 2008, and reaffirmed earlier guidance. "Cobra is forecasting that the company will return to profitability in 2008, although revenue is likely to decline from the prior year, as we only selectively pursue niche opportunities in mobile navigation in North America. This pattern is likely to be evident in second quarter results, as we anticipate lower revenue but an improved bottom line relative to the prior year."

Cobra will be conducting a conference call on May 1, 2008 at 11:00 a.m. EDT to discuss first quarter results as well as its current strategies and outlook. The call can also be accessed live or through replay via the Internet at http://www.cobra.com/.

About Cobra Electronics

Cobra Electronics is a leading global designer and marketer of communication and navigation products, with a track record of delivering innovative and award-winning products. Building upon its leadership position in the GMRS/FRS two-way radio, radar detector and Citizens Band radio industries, Cobra identified new growth opportunities and has aggressively expanded into the marine market and has expanded its European operations. The Consumer Electronics Association, Forbes and Deloitte & Touche have all recently recognized Cobra for the company's innovation and industry leadership. To learn more about Cobra Electronics, please visit the Cobra site at http://www.cobra.com/.

Safe Harbor

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and are subject to risks and uncertainties. Actual results may differ materially from these expectations due to factors such as the acceptance of Cobra's new and existing products by customers, the continued success of Cobra's cost containment efforts and the continuation of key distribution channel relationships. Please refer to Cobra's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K, for a more detailed discussion of factors that may affect Cobra's performance. This press release includes adjusted sales, adjusted operating income and adjusted gross margin, amounts that are considered non-GAAP financial measures under Securities and Exchange Commission rules. These measures are believed to be useful to investors because they provide a means of evaluating the Company's operating performance and results from period to period on a comparable basis not otherwise apparent on a GAAP basis. As required, a reconciliation of these measures is included herein.

Condensed Consolidated Statements of Operations (in thousands, except per share amounts, unaudited) For the Three Months Ended March 31, March 31, 2008 2007 Net sales $28,858 $32,036 Cost of sales 19,942 23,948 Gross profit 8,916 8,088 Selling, general and administrative expense 8,307 9,036 Earnings (loss) from operations 609 (948) Other income (expense): Interest expense (303) (319) Other, net (192) 257 Earnings (loss) before taxes 114 (1,010) Tax provision (benefit) 26 (298) Minority interest (7) (8) Net earnings (loss) $81 $(720) Net earnings (loss) per common share: Basic $0.01 $(0.11) Diluted $0.01 $(0.11) Weighted average shares outstanding: Basic 6,471 6,438 Diluted 6,474 6,438 Dividends declared per common share $0.16 $0.16 Condensed Consolidated Balance Sheets (in thousands, unaudited) ASSETS: March 31, December 31, March 31, 2008 2007 2007 Current assets: Cash $6,245 $1,860 $3,561 Accounts receivable, net 21,789 26,804 24,339 Inventories, net 32,920 33,054 29,924 Other current assets 13,652 13,621 13,783 Total current assets 74,606 75,339 71,607 Property, plant and equipment, net 6,390 6,803 7,451 Total other assets 31,078 32,176 36,021 Total assets $112,074 $114,318 $115,079 LIABILITIES AND SHAREHOLDERS' EQUITY: Current liabilities: Accounts payable $7,343 $7,273 $10,414 Accrued liabilities 9,752 11,151 8,634 Short-term debt 1,240 1,240 1,370 Total current liabilities 18,335 19,664 20,418 Non-current liabilities: Long-term debt 18,445 18,745 15,126 Deferred taxes 3,654 3,772 4,246 Deferred compensation 6,488 6,320 6,067 Other long-term liabilities 482 679 993 Total non-current liabilities 29,069 29,516 26,432 Minority interest 30 23 5 Total shareholders' equity 64,640 65,115 68,224 Total liabilities and shareholders' equity $112,074 $114,318 $115,079 Reconciliation of GAAP Operating Earnings to Adjusted Operating Loss Cobra Reporting Segment (Dollars in Thousands) For the Quarter Ended March 31, 2008 Mobile Navigation/ GPS Product Actual Lines (1) Adjusted Net Sales $24,576 $1,123 $23,453 Cost of Sales 17,592 515 17,077 Gross Profit 6,984 608 6,376 Gross Margin 28.4% 54.2% 27.2% Selling, general and administrative expense 6,971 27 6,944 Earnings (loss) from operations $13 $581 $(568) (1) Revenue and expenses attributable to the North American mobile navigation and GPS products lines are those which are fully severable and would not be realized in absence of these product lines Reconciliation of GAAP Operating Loss to Adjusted Operating Loss Cobra Reporting Segment (Dollars in Thousands) For the Quarter Ended March 31, 2007 Mobile Navigation/ GPS Product Actual Lines (1) Adjusted Net Sales $28,946 $1,593 $27,353 Cost of Sales 22,197 1,902 20,295 Gross Profit 6,749 (309) 7,058 Gross Margin 23.3% -19.4% 25.8% Selling, general and administrative expense 7,730 163 7,567 Earnings (loss) from operations $(981) $(472) $(509) (1) Revenue and expenses attributable to the North American mobile navigation and GPS products lines are those which are fully severable and would not be realized in absence of these product lines

Cobra Electronics Corporation

CONTACT: Investors, Michael Smith, Senior Vice President and CFO of
Cobra Electronics Corporation, +1-773-804-6281, msmith@cobra.com; or Media,
Brien Gately of Financial Relations Board, +1-312-640-6757, bgately@frbir.com,
for Cobra Electronics Corporation

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

Regal Beloit Reports 21% Earnings Per Share Increase

BELOIT, Wis., May 1 /PRNewswire-FirstCall/ -- Regal Beloit Corporation today reported financial results for the first quarter ended March 29, 2008. Continued strong performance by the global generator businesses and industrial businesses offset the weak residential HVAC market. The Company's initiatives continued to have a significant positive impact on its performance. New products, the contribution from the 2007 acquisitions and the impact of the continued globalization of commercial operations drove the sales growth, while the Lean Six Sigma and productivity efforts helped support operating margins during a period of significant raw material inflation.

Net sales increased 28.1% to $536.3 million from $418.7 million in the first quarter of 2007. Included in reported sales are $111.9 million of sales from the four acquisitions completed late in 2007. In the Electrical segment, sales increased 31.2%, including the impact of the 2007 acquisitions. Exclusive of the recently acquired businesses, global generator sales increased 17.5% and industrial motors sales increased 6.8%, offsetting a 3.3% decline in residential HVAC motor sales and a 16.9% decline in commercial motor products used in residential applications. Sales in the Mechanical segment increased 1.0% from the prior year period. From a geographic perspective, China-based sales increased 33.1% as compared to the first quarter of 2007. In total, sales to regions outside of the United States were 25.6% of total sales in comparison to 19.2% for the first quarter of 2007.

The gross profit margin for the first quarter of 2008 was 22.8% as compared to the 23.2% reported for the first quarter of 2007. The gross margin for the acquired businesses was 20.8%. For the legacy businesses, raw material and other inflation, net of the impact of product price increases was $7.7 million, which is within the Company's previously announced guidance of $7.0 to $9.0 million. This difference was largely offset by the impact of productivity improvements and Lean Six Sigma projects. Income from operations was $57.6 million or 10.7% of sales, a 21.8% increase over the $47.3 million or 11.3% of sales reported for the first quarter of 2007. Net income in the first quarter of 2008 was $32.2 million, a 20.1% increase from $26.8 million reported in the first quarter of 2007. Diluted earnings per share increased 21.3% to $.97 as compared to $.80 for the first quarter of 2007.

Cash flow from operations increased 235.6% to $34.9 million from the $10.4 million reported for the same period in 2007. Improved working capital management and the increase in net income drove the improvement over the prior year. The cash performance allowed the Company to repay $8.2 million of debt in the first quarter. In addition to the debt pay down, the Company also purchased 110,000 shares of its common stock in open market purchases during the quarter at a total cost of $4.2 million.

On April 24, the Company also announced the acquisition of Wuxi Hwada Motor Co. and Wuxi New Hwada Motor Co. (collectively Hwada) located in Wuxi, China. Hwada is a leading designer and manufacturer of Integral IEC and NEMA electric motors, which are used in various industrial applications such as compressor, pump, paper and steel processing, and power plants. The business is expected to add approximately $75.0 to $80.0 million to sales and add $.04 to $.06 to diluted earnings per share in 2008.

The purchase price was $27.6 million in cash and the assumption of approximately $8.0 million in net liabilities. Additionally, under the terms of the transaction, the Company will pay to the seller up to $8.5 million received by the Company in the future upon the sale of certain real property rights owned by Hwada. The acquisition will be discussed further on today's conference call.

"Given the difficult residential markets and raw material cost environments, we are quite pleased with our results for the first quarter. New products, continuous improvement in execution, and our geographic diversification are driving solid results," commented Henry W. Knueppel, Chairman and CEO.

Knueppel added, "While we remain cautious due to the unprecedented inflation in raw materials and, to a lesser degree, the speculation regarding the strength of end markets, we are confident in our ability to deliver solid results. Accordingly our Board of Directors approved our fourth dividend increase in as many years and we remain committed to increasing shareholder value through the combination of acquisitions and share buybacks. For the second quarter we expect earnings per share to be in the range of $1.10 to $1.18."

Regal Beloit will be holding a conference call to discuss first quarter financial results at 1:00 PM CT (2:00 PM ET) today. Interested parties should call 800-288-8961. A replay of the call will be available through May 14, 2008 at 800-475-6701, access code 920700.

About REGAL BELOIT CORPORATION:

Regal Beloit Corporation is a leading manufacturer and marketer of branded mechanical and electrical motion control and power generation products serving markets throughout the world. Regal Beloit is headquartered in Beloit, Wisconsin, and has manufacturing, sales, and service facilities throughout the United States, Canada, Mexico, Europe and Asia.

CAUTIONARY STATEMENT

This Quarterly Report contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements represent our management's judgment regarding future events. In many cases, you can identify forward-looking statements by terminology such as "may," "will," "plan," "expect," "anticipate," "estimate," "believe," or "continue" or the negative of these terms or other similar words. Actual results and events could differ materially and adversely from those contained in the forward-looking statements due to a number of factors, including:

-- economic changes in global markets where we do business, such as currency exchange rates, inflation rates, interest rates, recession, foreign government policies and other external factors that we cannot control; -- unanticipated fluctuations in commodity prices and raw material costs; -- cyclical downturns affecting the global market for capital goods; -- unexpected issues and costs arising from the integration of acquired companies and businesses; -- marketplace acceptance of new and existing products including the loss of, or a decline in business from, any significant customers; -- the impact of capital market transactions that we may effect; -- the availability and effectiveness of our information technology systems; -- unanticipated costs associated with litigation matters; -- actions taken by our competitors; -- difficulties in staffing and managing foreign operations; and -- other risks and uncertainties including but not limited to those described in Item 1A-Risk Factors of the Company's Annual Report on Form 10-K filed on February 27, 2008 and from time to time in our reports filed with U.S. Securities and Exchange Commission.

All subsequent written and oral forward-looking statements attributable to us or to persons acting on our behalf are expressly qualified in their entirety by the applicable cautionary statements. The forward-looking statements included in this Form 10-K are made only as of their respective dates, and we undertake no obligation to update these statements to reflect subsequent events or circumstances. See also Item 1A - Risk Factors in the Company's Annual Report on Form 10-K filed on February 27, 2008.

STATEMENTS OF INCOME In Thousands of Dollars (Unaudited) Three Months Ended March 29, March 31, 2008 2007 Net Sales $536,343 $418,646 Cost of Sales 414,244 321,419 Gross Profit 122,099 97,227 Operating Expenses 64,487 49,896 Income From Operations 57,612 47,331 Interest Expense 7,219 5,066 Interest Income 384 89 Income Before Taxes & Minority Interest 50,777 42,354 Provision For Income Taxes 18,012 14,690 Income Before Minority Interest 32,765 27,664 Minority Interest in Income, Net of Tax 598 851 Net Income $32,167 $26,813 Earnings Per Share of Common Stock: Basic $1.03 $0.87 Assuming Dilution $0.97 $0.80 Cash Dividends Declared $0.15 $0.14 Weighted Average Number of Shares Outstanding: Basic 31,316,878 30,814,312 Assuming Dilution 33,117,034 33,547,519 CONDENSED BALANCE SHEETS In Thousands of Dollars (Unaudited) March 29, December 29, ASSETS 2008 2007 Current Assets: Cash and Cash Equivalents $50,531 $42,574 Receivables and Other Current Assets 411,728 367,717 Inventories 307,261 318,200 Total Current Assets 769,520 728,491 Net Property, Plant and Equipment 358,528 339,343 Other Noncurrent Assets 779,660 794,413 Total Assets $1,907,708 $1,862,247 LIABILITIES AND SHAREHOLDERS' INVESTMENT Accounts Payable $202,462 $183,215 Other Current Liabilities 116,625 128,705 Long-Term Debt 550,694 558,918 Deferred Income Taxes 70,210 75,055 Other Noncurrent Liabilities 61,184 47,783 Minority Interest in Consolidated 11,602 10,542 Subsidiaries Shareholders' Investment 894,931 858,029 Total Liabilities and Shareholders' Investment $1,907,708 $1,862,247 SEGMENT INFORMATION In Thousands of Dollars (Unaudited) Mechanical Segment Electrical Segment Three Months Ended Three Months Ended March 29, March 31, March 29, March 31, 2008 2007 2008 2007 Net Sales $55,114 $54,594 $481,229 $364,052 Income from Operations $8,066 $6,881 $49,546 $40,450 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS In Thousands of Dollars (Unaudited) Three Months Ended March 29, 2008 March 31, 2007 CASH FLOWS FROM OPERATING ACTIVITIES: Net income $32,167 $26,813 Adjustments to reconcile net income to net cash provided by operating activities; Depreciation and amortization 14,152 9,883 Minority interest 598 851 Excess tax benefit from stock-based compensation (452) (3,310) Loss (gain) on sale of assets, net 70 8 Stock-based compensation expense 882 865 Change in assets and liabilities, net (12,551) (24,703) Net cash provided by operating activities 34,866 10,407 CASH FLOWS FROM INVESTING ACTIVITIES: Additions to property, plant and equipment (13,646) (12,163) Business acquisitions, net of cash acquired 374 (565) Sale of property, plant and equipment 1,149 -- Net cash used in investing activities (12,123) (12,728) CASH FLOWS FROM FINANCING ACTIVITIES: Net proceeds from short-term borrowing -- 9,200 Payments of long-term debt (113) (225) Net repayments under revolving credit facility (8,200) (200) Net proceeds from commercial paper borrowings -- 125 Dividends paid to shareholders (4,700) (4,345) Purchases of treasury stock (4,191) -- Proceeds from the exercise of stock options 1,364 747 Excess tax benefits from stock-based compensation 452 3,310 Net cash (used in) provided by financing activities (15,388) 8,612 EFFECT OF EXCHANGE RATES ON CASH 602 275 Net increase in cash and cash equivalents 7,957 6,566 Cash and cash equivalents at beginning of period 42,574 36,520 Cash and cash equivalents at end of period $50,531 $43,086

Regal Beloit Corporation

CONTACT: David A. Barta, Vice President, Chief Financial Officer of
Regal Beloit Corporation, +1-608-361-7405

Web site: http://www.regal-beloit.com/

TDS & U.S. Cellular First Quarter Operating Results Conference Call

CHICAGO, May 1 /PRNewswire-FirstCall/ -- Telephone and Data Systems, Inc. and U.S. Cellular announce the following Webcast:

What: TDS and U.S. Cellular First Quarter Operating Results Webcast When: May 7, 2008 @ 11:00 EST Where: http://www.videonewswire.com/event.asp?id=48272 How: Live over the Internet -- Simply log on to the web at the address above. Contact: Julie Mathews, 312/592-5341

If you are unable to participate during the live webcast, the call will be archived on the Web site http://www.teldta.com/.

TDS is a diversified telecommunications corporation founded in 1969. Through its business units, U.S. Cellular and TDS Telecom, TDS operates primarily by providing wireless, local telephone and broadband services. As of Dec. 31, 2007, the company employed 11,800 people and served 7.3 million customers/units in 36 states.

Audio: http://www.videonewswire.com/event.asp?id=48272 Telephone and Data Systems, Inc.

CONTACT: Julie Mathews of Telephone and Data Systems, Inc.,
+1-312-592-5341

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

Ness Technologies Signs $30 Million Contract With Ministry of Defense of Foreign CountryContract Includes Provision of Ness' Integrated Command and Control System (ICCS) Including Development and Implementation, and Building a National Command and Control Center for the Purchasing Country

TEL AVIV, Israel, May 1 /PRNewswire-FirstCall/ -- Ness Technologies, Inc. , a global provider of information technology solutions and services, today announced that it has signed a $30 million contract to provide its Integrated Command and Control System (ICCS) to a foreign country and build a national command and control center for the purchasing country. Ness Technologies & Systems Group (Ness TSG) will act as prime contractor for the engagement, which includes establishment of the national command and control center, development and implementation of the system.

ICCS is a comprehensive command and control system that integrates and fuses situation pictures from different military branches (ground forces, air force, navy, etc.), security services and emergency forces. The system provides the connectivity capabilities to automatically share operational information among the various units and agencies.

ICCS will provide the ministry of defense and the defense forces of the purchasing country with a real-time integrated situation and operational picture for optimal decision making and operational planning, both in peacetime and in crisis.

"The new contract is another strategic milestone for Ness Technologies, further positioning us as a leading supplier of defense command & control systems worldwide," said Sachi Gerlitz, President and CEO of Ness Technologies. "Ness' defense solutions and applications have an excellent reputation."

"The selection of Ness' ICCS for this project is recognition of Ness TSG's experience, expertise and excellence in providing advanced turnkey command and control systems," said Michael Zinderman, President, Ness TSG. "ICCS utilizes unique technologies developed by Ness, which will be adapted to the special requirements of the defense forces of the purchasing country." Ness TSG offers an array of field-proven systems in four main areas - command and control, intelligence, telecommunications, and supporting systems - provided to three main vertical markets worldwide: defense, homeland security and telecom.

ICCS improves operational planning by gathering, filtering and fusing data, as well as using decision support tools for optimal operational planning. The system enables fast and accurate dissemination of mission orders, reports and data, as well as reception of status and location reports of the forces through secured communication networks in real time. It also monitors execution of mission orders issued by the HQ to the various units.

About Ness Technologies

Ness Technologies is a global provider of end-to-end IT services and solutions designed to help clients improve competitiveness and efficiency. Ness specializes in outsourcing and offshore, systems integration and application development, software and consulting, and quality assurance and training. With over 8,000 employees, Ness maintains operations in 18 countries, and partners with numerous software and hardware vendors worldwide. For more information about Ness Technologies, visit http://www.ness.com/.

Forward Looking Statement

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements often are preceded by words such as "believes," "expects," "may," "anticipates," "plans," "intends," "assumes," "will" or similar expressions. Forward-looking statements reflect management's current expectations, as of the date of this press release, and involve certain risks and uncertainties. Ness' actual results could differ materially from those anticipated in these forward looking statements as a result of various factors. Some of the factors that could cause future results to materially differ from the recent results or those projected in forward-looking statements include the "Risk Factors" described in Ness' Annual Report of Form 10-K filed with the Securities and Exchange Commission on March 17, 2008. Ness is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of such changes, new information, subsequent events or otherwise.

Ness Technologies press contact: David Kanaan USA: +1-888-244-4919 Intl: +972-3-540-8188 Email: media.int@ness.com Ness Technologies investor contact: Drew Wright USA: +1-201-488-3262 Email: investor@ness.com

Ness Technologies Inc

CONTACT: Ness Technologies press contact: David Kanaan, USA:
+1-888-244-4919, Intl: +972-3-540-8188, Email: media.int@ness.com. Ness
Technologies investor contact: Drew Wright, USA: +1-201-488-3262, Email:
investor@ness.com

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