SAP Press Conference on Major Partnership

NEW YORK, May 2 /PRNewswire-FirstCall/ -- Press, bloggers, industry and financial analysts are invited to attend a press conference with SAP executives and the CEO of a partner company at SAP's New York offices located at 95 Morton Street, Suite 200, New York, NY. The press conference will highlight a news announcement and market trends with mobile technologies.

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

The press conference will include remarks from SAP executives, including Bill McDermott, president and CEO of SAP Americas and Asia Pacific Japan, and Bob Stutz executive vice president & general manager, Industries & CRM Products, SAP AG.

An SAP press announcement pertaining to this event is expected to be issued at:

12:00 p.m. EDT / 6:00 p.m. CET on Friday, May 2. SAP Friday, May 2, 2008 Press Conference 10:30 a.m. - 12:00 p.m. EDT / 4:30 p.m. - 6:00 p.m. CET SAP New York Offices 95 Morton Street, Suite 200 New York, NY 10014 The press conference will be Webcast at http://www.sap.com/about/press/index.epx Questions can be submitted to press@sap.com Listen-in, toll-free from USA: +1 (800) 401-8436 Listen-in, international callers: +1 (612) 332-0530 Access code: 921484 Contacts: Saswato Das, SAP, +1 (212) 653-9571, saswato.das@sap.com, EDT Andy Kendzie, SAP, +1 202 312-3919, andy.kendzie@sap.com, EDT Hilmar Schepp, SAP, +49 6227 7-46799, hilmar.schepp@sap.com, CET Siobhan Lyons, +1 (917) 907-2154, siobhan.lyons@bm.com, EDT Amanda Lietz, +49 (69) 238 0954, amanda.lietz@bm.com, CET SAP Press Office, +1 (610) 661-3200, press@sap.com, EDT SAP Press Office +49 (6227) 7-46315, press@sap.com, CET SAP Press Room at SAPPHIRE, +1 (610) 661-0469 SAP Investor Relations Stefan Gruber, +49 6227 744872, stefan.gruber@sap.com, CET Marty Cohen, +1 (212) 653-9619, martin.cohen@sap.com, EDT

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.

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PRN Photo Desk photodesk@prnewswire.com SAP

CONTACT: Saswato Das, +1-212-653-9571, saswato.das@sap.com, EDT, or Andy
Kendzie, +1-202-312-3919, andy.kendzie@sap.com, EDT, or Hilmar Schepp,
+49 6227 7-46799, hilmar.schepp@sap.com, CET, all of SAP; or Siobhan Lyons,
+1-917-907-2154, siobhan.lyons@bm.com, EDT, or Amanda Lietz,
+49 (69) 238 0954, amanda.lietz@bm.com, CET, both for SAP; or SAP Press
Office, +1-610-661-3200, press@sap.com, EDT, +49 (6227) 7-46315,
press@sap.com, CET, or SAP Press Room at SAPPHIRE, +1-610-661-0469, or Stefan
Gruber, +49 6227 744872, stefan.gruber@sap.com, CET, or Marty Cohen,
+1-212-653-9619, martin.cohen@sap.com, EDT, both of SAP Investor Relations

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

EDS Receives EMC Information Infrastructure Innovation AwardEDS Recognized for Deployment of EMC Technology Portfolio in Serving Customers

PLANO, Texas, May 2 /PRNewswire-FirstCall/ -- EDS today announced EMC recently honored the company with the EMC Information Infrastructure Innovation Award for Global Alliance Partners for 2007.

The award recognizes EDS for outstanding work, combining its core expertise and engineering resources with EMC's broad technology portfolio in delivering information infrastructure services to customers. Information infrastructure services, such as EDS Storage Management Services and EDS Enterprise Security Event Management, enable customers to enjoy the benefits of having their businesses managed efficiently, securely and cost-effectively.

"Global Alliance partners play a critical role in pioneering solutions and services that unlock more value from EMC's technology portfolio. We're happy to recognize the blending of EMC's industry-leading technology with EDS' value-added knowledge, experience and engineering resources to make it easier for clients to manage, protect and secure critical information in complex, heterogeneous data centers," said EMC's Frank Hauck, executive vice president, Global Marketing and Customer Satisfaction.

"This achievement validates not only EDS' expertise in infrastructure services, but also the importance of the EDS Agility Alliance in bringing innovative products to our clients," said Tom Egan, senior vice president of EDS Americas Operations and EMC alliance executive sponsor. "EDS prides itself on being our clients' business ally. We do this by developing and delivering high-quality infrastructure services that provide business value, improve productivity and ultimately enable growth for our clients around the world."

EDS works with EDS Agility Alliance partner EMC to help design, build and manage intelligent, flexible and secure information infrastructures for its customers. These infrastructures are the versatile foundations that enable organizations to implement their information life cycle strategies, secure their critical information assets, leverage their content for competitive advantage, automate their data center operations and reduce power and cooling costs.

EDS manages petabytes of EMC storage globally. Two key offerings that demonstrate EDS' innovation are EDS Storage Management Services and EDS Enterprise Security Event Management (ESEM). These offerings utilize products across EMC's broad portfolio, including Storage Platforms, Virtual Tape, Backup Software, Disaster Recovery Software, Virtualization, Enterprise Management tools and RSA(R) enVision(R) platform.

The EDS Agility Alliance is a coalition of companies globally recognized for their quality, products and value to clients. Its mission is to innovate, develop and deliver the EDS Agile Enterprise Platform -- EDS' next-generation global delivery system. Together, EDS and its Agility Alliance partners collaborate to design, build and run a market-leading services platform and develop technology-based services to deliver tangible client results. EDS Agility Alliance partners include Cisco, EMC, Microsoft, Oracle, SAP, Sun Microsystems and Xerox.

About EDS

EDS is a leading global technology services company delivering business solutions to its clients. EDS founded the information technology outsourcing industry more than 45 years ago. Today, EDS delivers a broad portfolio of information technology and business process outsourcing services to clients in the manufacturing, financial services, healthcare, communications, energy, transportation, and consumer and retail industries and to governments around the world. Learn more at eds.com.

CONTACT: Annabelle Baxter - EDS Julie Basa - EDS 972 605 0978 972 605 1862 annabelle.baxter@eds.com julie.basa@eds.com

Electronic Data Systems Corporation; EDS

CONTACT: Annabelle Baxter, +1-972-605-0978, annabelle.baxter@eds.com, or
Julie Basa, +1-972-605-1862, julie.basa@eds.com, both of Electronic Data
Systems Corporation

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

Merrimac Secures $3.29 Million Contract to Supply Custom RF Components to a Major Prime Government Contractor

WEST CALDWELL, N.J., May 2 /PRNewswire-FirstCall/ -- Detail cannot be released; however, Merrimac confirms having reached a contract agreement with a Prime Government Contractor. Under this contract, Merrimac will supply Space Qualified Custom RF Passive components. The value of the contract is $3.29 million.

Mason Carter, CEO, commented, "Merrimac Industries has long enjoyed a very close vendor-supplier relationship with most major space vehicle manufacturers. The scope of this particular contract confirms our belief that we are becoming a more and more valuable piece of tomorrow's advanced space systems."

About Merrimac

Merrimac Industries, Inc. is a leader in the design and manufacture of RF Microwave signal processing components, subsystem assemblies, and Multi-Mix(R) micro-multifunction modules (MMFM(R)), for the worldwide Defense, Satellite Communications (Satcom), Commercial Wireless and Homeland Security market segments. Merrimac is focused on providing Total Integrated Packaging Solutions(R) with Multi-Mix(R) Microtechnology, a leading edge competency providing value to our customers through miniaturization and integration. Multi-Mix(R) MMFM(R) provides a patented and novel packaging technology that employs a platform modular architecture strategy that incorporates embedded semiconductor devices, MMICs, resistors, passive circuit elements and plated-through via holes to form a three-dimensional integrated module used in High Power, High Frequency and High Performance mission-critical applications. Merrimac Industries facilities are registered under ISO 9001:2000, an internationally developed set of quality criteria for manufacturing operations.

Merrimac Industries, Inc. has facilities located in West Caldwell, NJ and San Jose, Costa Rica and has approximately 180 co-workers dedicated to the design and manufacture of signal processing components, gold plating of high-frequency microstrip and bonded stripline Teflon (PTFE) circuits and subsystems providing Total Integrated Packaging Solutions(R) for wireless applications. Merrimac (MRM) is listed on the American Stock Exchange. Multi-Mix(R), Multi-Mix PICO(R), MMFM(R), System In A Package(R), SIP(R) and Total Integrated Packaging Solutions(R) are registered trademarks of Merrimac Industries, Inc. For more information about Merrimac Industries, Inc. please visit our website http://www.merrimacind.com/.

This press release contains statements relating to future results of the Company (including certain projections and business trends) that are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties. These risks and uncertainties include, but are not limited to: risks associated with demand for and market acceptance of existing and newly developed products as to which the Company has made significant investments, particularly its Multi-Mix(R) products; the possibilities of impairment charges to the carrying value of our Multi-Mix(R) assets, thereby resulting in charges to our earnings; risks associated with adequate capacity to obtain raw materials and reduced control over delivery schedules and costs due to reliance on sole source or limited suppliers; slower than anticipated penetration into the satellite communications, defense and wireless markets; failure of our Original Equipment Manufacturer or OEM customers to successfully incorporate our products into their systems; changes in product mix resulting in unexpected engineering and research and development costs; delays and increased costs in product development, engineering and production; reliance on a small number of significant customers; the emergence of new or stronger competitors as a result of consolidation movements in the market; the timing and market acceptance of our or our OEM customers' new or enhanced products; general economic and industry conditions; the ability to protect proprietary information and technology; competitive products and pricing pressures; our ability and the ability of our OEM customers to keep pace with the rapid technological changes and short product life cycles in our industry and gain market acceptance for new products and technologies; risks relating to governmental regulatory actions in communications and defense programs; and inventory risks due to technological innovation and product obsolescence, as well as other risks and uncertainties as are detailed from time to time in the Company's Securities and Exchange Commission filings. These forward-looking statements are made only as of the date hereof, and the Company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

Contact: Mason N. Carter Chairman & CEO 973-575-1300, ext. 1202 mnc@merrimacind.com

Merrimac Industries, Inc.

CONTACT: Mason N. Carter, Chairman & CEO of Merrimac Industries, Inc.,
+1-973-575-1300, ext. 1202, mnc@merrimacind.com

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

Company News On-Call: http://www.prnewswire.com/comp/567525.html

Griffon Corporation Announces Earnings Release Date

JERICHO, N.Y., May 2 /PRNewswire-FirstCall/ -- Griffon Corporation announced today that it will release the Company's financial results for the second quarter ended March 31, 2008 on Thursday, May 8, 2008 at 4:00 p.m. EDT, followed by a conference call at 4:30 PM EDT.

The call can be accessed by dialing 1-800-322-9079. Callers should ask to be connected to Griffon Corporation's second quarter earnings teleconference and provide the conference ID number 43965215.

A replay of the call will be available from May 8, 2008 at 7:30 PM EDT by dialing 1-800-642-1687. The replay access code is 43965215. The replay will be available until 5:00 PM EDT on May 22, 2008.

Griffon Corporation

Griffon Corporation, headquartered in Jericho, New York, is a diversified holding company consisting of four distinct business segments: Electronic Information and Communication Systems, through Telephonics Corporation; Garage Doors, through Clopay Building Products Company; Specialty Plastic Films, through Clopay Plastic Products Company; Installation Services, through Clopay Service Company. Telephonics Corporation develops and manufactures information and communication systems for government and commercial markets worldwide. Clopay Building Products Company is a leading manufacturer and marketer of residential garage doors to professional installing dealers and major home center retail chains. Clopay Plastic Products is an international leader in the development and production of embossed, laminated and printed specialty plastic films used in a variety of hygienic, health-care and industrial markets. Clopay Service Company installs and services specialty building products and systems through a substantial network of operations located throughout the country. For more information on the company and its operating subsidiaries, please see the company's website at http://www.griffoncorp.com/.

Contact: Patrick L. Alesia Chief Financial Officer (516) 938-5544

Griffon Corporation

CONTACT: Patrick L. Alesia, Chief Financial Officer of Griffon
Corporation, +1-516-938-5544

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

Global Payments Announces Third Quarter Dividend

ATLANTA, May 2 /PRNewswire-FirstCall/ -- Global Payments Inc. , a leader in electronic transaction payment processing, announced today that its board of directors approved a third quarter dividend of $0.02 per common share payable May 30, 2008 to shareholders of record as of May 16, 2008.

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

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/ .

Contact: Jane M. Elliott 770-829-8234 Voice 770-829-8267 Fax investor.relations@globalpay.com

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AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Global Payments Inc.

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

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

Siemens PLM Software Helps Andretti Green Racing's Danica Patrick Win Her First IndyCar Series RacePatrick Becomes First Woman to Win IndyCar Series Event

PLANO, Texas, May 2 /PRNewswire/ -- Siemens PLM Software, a business unit of the Siemens Industry Automation Division and a leading global provider of product lifecycle management (PLM) software and services, today announced that Siemens PLM Software-sponsored driver Danica Patrick of Andretti Green Racing (AGR) -- whose cars are developed with the help of Siemens PLM Software technology -- won her first IndyCar(R) Series race, the Indy Japan 300 at Twin Ring Motegi in Motegi, Japan.

(Logo: http://www.newscom.com/cgi-bin/prnh/20070904/SIEMENSLOGO )

Patrick became the first woman in history to win an IndyCar Series event. The victory came in her 50th career IndyCar Series start in which she drove the #7 Motorola car among the top-eight cars for the entire 200-lap event.

AGR, the 2007 IndyCar Series Champion, has won three of the last four IndyCar Series championships with three different drivers. The victory was AGR's first this season and it extended AGR's IndyCar Series record to 33 victories.

"Siemens PLM Software congratulates Andretti Green Racing and Danica Patrick on her historic first IndyCar Series win," said Dave Shirk, executive vice president of Global Marketing for Siemens PLM Software. "Siemens PLM Software is proud of our relationship with the racing teams and is pleased to know that our seamless, open solutions help the teams to put the best cars out on the race track to finish in the winners circle."

A Tradition of Technology and Tracks

Siemens PLM Software has a long tradition of providing NX(TM) software, Siemens' comprehensive digital product development solution, and Teamcenter(R) software, Siemens' digital lifecycle management solution and the world's most widely used PLM portfolio, through racing sponsorships. Hendrick Motorsports, winner of the 1995, 1996, 1997, 1998, 2001, 2006 and 2007 NASCAR Sprint Cup(R) Championship; Joe Gibbs Racing(R), winner of the 2000, 2002 and 2005 NASCAR Sprint Cup Championship; Roush Fenway Racing, winner of the 2003 and 2004 NASCAR Sprint Cup Championship; and Andretti Green Racing, winner of the 2004, 2005 and 2007 IndyCar Series Championship; have been using Siemens PLM Software technology for many years to develop their cars and improve their performance on the race track. KB Racing, winner of the 2003, 2004, 2005 and 2006 National Hot Rod Association(R) (NHRA(R)) Pro Stock Championship, began using Siemens PLM Software technology in 2005, and the Renault(R) F1 Team, winner of the 2005 Formula One Drivers and Constructors Championships, established a partnership in 2004 using Tecnomatix(R) software, Siemens PLM Software's best-in-class digital manufacturing solution.

About Siemens PLM Software

Siemens PLM Software, a business unit of the Siemens Industry Automation Division, is a leading global provider of product lifecycle management (PLM) software and services with 4.6 million licensed seats and 51,000 customers worldwide. Headquartered in Plano, Texas, Siemens PLM Software's open enterprise solutions enable a world where organizations and their partners collaborate through Global Innovation Networks to deliver world-class products and services. For more information on Siemens PLM Software products and services, visit http://www.siemens.com/plm.

About the Siemens Industry Automation Division

The Siemens Industry Automation Division (Nuremberg), a division of the Siemens Industry Sector, is a worldwide leader in the fields of automation systems, low-voltage switchgear and industrial software. Its portfolio ranges from standard products for the manufacturing and process industry to solutions for whole industries and systems that encompass the automation of entire automobile production facilities and chemical plants. As a leading software supplier, Industry Automation optimizes the entire value added chain of manufacturers -- from product design and development to production, sales and a wide range of maintenance services.

Note: Siemens and the Siemens logo are registered trademarks of Siemens AG. NX, Teamcenter and Tecnomatix are trademarks or registered trademarks of Siemens Product Lifecycle Management Software Inc. or its subsidiaries in the United States and in other countries. Indy Racing League, IRL and IndyCar are trademarks or registered marks of Brickyard Trademarks Inc. or its subsidiaries in the United States and in other countries. NASCAR is a trademark or registered mark of National Association for Stock Car Auto Racing, Inc. or its subsidiaries in the United States and in other countries. All other trademarks, registered trademarks or service marks belong to their respective holders. All other trademarks, registered trademarks or service marks belong to their respective holders.

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AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Siemens PLM Software

CONTACT: Salim Rahimi of Siemens PLM Software, +1-972-987-3206,
salim.rahimi@siemens.com

Web site: http://www.siemens.com/plm
http://www.automation.siemens.com/

Diversinet Reports First Quarter 2008 Financial ResultsCompany Introduces New MobiSecure USB

TORONTO, May 2 /PRNewswire-FirstCall/ -- Diversinet Corp. (OTCBB: DVNTF), a leading provider of wireless data security infrastructure products and services, today announced financial results for first quarter of 2008.

Revenues for the quarter were $342,000, down from $905,000 in the first quarter of 2007. The net loss for the first quarter of 2008 was $1,159,000, or $0.03 per share, compared to a net loss of $331,000, or $0.01 per share in the first quarter of 2007. Included in the first quarter net loss are stock-based compensation, depreciation and amortization of $227,000 ($150,000 in Q1 2007). Cash and cash equivalents at March 31, 2008 were $6,854,000 and $8,394,000 at December 31, 2007. All dollar amounts are in U.S. dollars.

As stated in our 2007 annual results press release, we expect customer launches of our Wallet and Vault products licensed in 2007 by the end of the second quarter of 2008. We are pleased to report that on April 21, AllOne Health Group, Inc. (AllOne) launched its mobile application to place personal health records (PHR) at consumers' fingertips through their mobile phones. We expect a second customer launch by the end of June.

Company, customer and product solution highlights include: - During the first quarter we developed and launched the MobiSecure(TM) USBToken. The MobiSecure USBToken is a One Time Password (OTP) authentication technology contained within a durable, portable USB device which is driverless and leaves no residual footprint on the user's computer. MobiSecure USBToken is designed for any organization that requires strong authentication to protect identities and manage access at a low cost. The MobiSecure USBToken adds a powerful, secure portable token to our broad range of PC, phone and authentication products. MobiSecure USBToken is supported by the same unified MobiSecure(TM) Authentication Servers that supports SoftToken on Mobile devices and PCTokens. MobiSecure Authentication servers include registration, provisioning, validation and token life cycle management on a single, easy-to-install package. The USBToken simply plugs in, requests a PIN and generates an OTP. Once removed, the host machine retains no trace of the authentication technology. The end user can use it on any PC or laptop supporting Microsoft Windows. The OTP is validated against the MobiSecure(TM) Authentication Server just like the MobiSecure SoftToken and PCTokens. - In April, AllOne launched its mobile application that uses our secure MobiSecure Wallet/Vault product line to place personal health records (PHR) at consumers' fingertips through their mobile phones. AllOne Mobile accesses an individual's PHR in a secure environment and links to the users' mobile phones, giving them well-organized, easy-to-use, 24/7 mobile access. Users can manage and share their PHRs with physicians, hospitals, clinics and emergency personnel helping to improve medical outcomes. AllOne data is stored behind a password- protected encrypted channel through a partnership with Diversinet. The application is downloaded wirelessly to phones and is automatically updated with the most current security and features available. This level of security and control gives users the confidence and comfort to create, manage and enhance their PHRs using the mobile phone or the Web.

Albert Wahbe, CEO and Chairman stated, "While Q1 was a challenging quarter, we believe that we are on track to see customer deployments in the second quarter. With the launch of the Wallet/Vault product and the introduction of the MobiSecure USBToken we continue to build our product offering to increase revenue opportunities and enhance our long term shareholder value."

About Diversinet

Diversinet Corp. (OTCBB: DVNTF) is a leading provider of wireless authentication and access solutions that secure the personal identity, transactions and data of consumers over almost any mobile phone or handheld device. Diversinet's reliable, end-to-end MobiSecure Wallet and Vault products provide global, secure and cost effective solutions to mobilize personal health records, financial services transactions and identity protection management. Connect with Diversinet Corp. at http://www.diversinet.com/.

The Private Securities Litigation Reform Act of 1995 and Canadian securities laws provide a "safe harbor" for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made or to be made by the company) contains statements that are forward-looking, such as statements relating to anticipated future revenues of the company and success of current product offerings. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ materially from those expressed in any forward-looking statements made by or on behalf of the company. For a description of additional risks and uncertainties, please refer to the company's filings with the Securities and Exchange Commission available at http://www.sec.gov/ and Canadian securities regulatory authorities available at http://www.sedar.com/.

Diversinet Corp. CONSOLIDATED BALANCE SHEETS (in United States dollars) (Unaudited) March 31 December 31 2008 2007 $ $ ------------------------------------------------------------------------- ASSETS Current assets Cash and cash equivalents 6,854,321 8,394,286 Accounts receivable - 122,687 Prepaid expenses 54,092 63,105 ------------------------------------------------------------------------- Total current assets 6,908,413 8,580,078 ------------------------------------------------------------------------- Property and equipment, net (note 4) 355,730 379,993 ------------------------------------------------------------------------- Total assets 7,264,143 8,960,071 ------------------------------------------------------------------------- ------------------------------------------------------------------------- LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities Accounts payable 196,346 249,502 Accrued liabilities (note 5) 139,646 731,461 Deferred revenue 36,992 130,961 ------------------------------------------------------------------------- Total current liabilities 372,984 1,111,924 ------------------------------------------------------------------------- Shareholders' equity Share capital (note 6) 65,400,206 65,370,707 Contributed surplus 5,793,537 5,621,383 Share purchase warrants (note 6) 1,555,453 1,555,453 Deficit (64,337,316) (63,178,675) Accumulated other comprehensive income: Cumulative translation adjustment (1,520,721) (1,520,721) ------------------------------------------------------------------------- Total shareholders' equity 6,891,159 7,848,147 ------------------------------------------------------------------------- Total liabilities and shareholders' equity 7,264,143 8,960,071 ------------------------------------------------------------------------- ------------------------------------------------------------------------- Diversinet Corp. CONSOLIDATED STATEMENTS OF LOSS AND DEFICIT AND COMPREHENSIVE LOSS (in United States dollars) (Unaudited) Three months ended March 31 2008 2007 $ $ ------------------------------------------------------------------------- Revenue 341,595 905,378 Cost of sales 82,063 36,461 ------------------------------------------------------------------------- Gross margin 259,532 868,917 EXPENSES Research and development 628,023 539,217 Sales and marketing 409,957 188,654 General and administrative 446,455 456,997 Depreciation and amortization 25,546 27,380 ------------------------------------------------------------------------- 1,509,981 1,212,248 ------------------------------------------------------------------------- Loss before the following (1,250,449) (343,331) Foreign exchange gain (loss) 21,401 (15,266) Interest income 70,407 27,334 ------------------------------------------------------------------------- Loss for the period and comprehensive loss (1,158,641) (331,263) ------------------------------------------------------------------------- Deficit, beginning of period (63,178,675) (59,745,704) Loss for the period (1,158,641) (331,263) ------------------------------------------------------------------------- Deficit, end of period (64,337,316) (60,076,967) ------------------------------------------------------------------------- ------------------------------------------------------------------------- Basic and diluted loss per share (0.03) (0.01) Weighted average common shares outstanding 43,167,783 33,794,983 Diversinet Corp. CONSOLIDATED STATEMENTS OF CASH FLOWS (in United States dollars) (Unaudited) Three months ended March 31 2008 2007 $ $ ------------------------------------------------------------------------- OPERATING ACTIVITIES Loss from continuing operations for the period (1,158,641) (331,263) Add (deduct) items not requiring an outlay of cash: Depreciation and amortization 25,546 27,380 Stock based compensation expense (note 7) 201,654 123,071 ------------------------------------------------------------------------- (931,441) (180,812) Changes in non-cash working capital items related to operations: Accounts receivable and other receivables 122,687 69,126 Prepaid expenses 9,013 86,404 Accounts payable (53,156) 46,998 Accrued liabilities (591,816) (110,324) Deferred revenue (93,969) (831,275) ------------------------------------------------------------------------- Cash used in operations (1,538,682) (919,883) ------------------------------------------------------------------------- ------------------------------------------------------------------------- FINANCING ACTIVITIES Issue of common shares, common purchase options, warrants for cash - 266,900 ------------------------------------------------------------------------- Cash provided by financing activities - 266,900 ------------------------------------------------------------------------- ------------------------------------------------------------------------- INVESTING ACTIVITIES Purchase of property and equipment (1,283) (5,958) ------------------------------------------------------------------------- Cash used in investing activities (1,283) (5,958) ------------------------------------------------------------------------- ------------------------------------------------------------------------- Net change in cash and cash equivalents during the period (1,539,965) (658,941) Cash and cash equivalents, beginning of the period 8,394,286 5,146,315 ------------------------------------------------------------------------- Cash and cash equivalents, end of the period 6,854,321 4,487,374 ------------------------------------------------------------------------- ------------------------------------------------------------------------- Supplementary non-cash transaction Issuance of shares to employees (note 6a) 29,499 93,099 Issuance of shares for public relations services - 18,000 ------------------------------------------------------------------------- Cash and cash equivalents is comprised of: Cash 543,949 214,270 Cash equivalents 6,310,372 4,273,104 ------------------------------------------------------------------------- $6,854,321 $4,487,374 -------------------------------------------------------------------------

Diversinet Corp.

CONTACT: Diversinet Corp., David Hackett, Chief Financial Officer, (416)
756-2324 ext. 275, dhackett@diversinet.com

CSI Reports Record Results for Fourth Quarter and Fiscal Year 2008

PADUCAH, Ky., May 2 /PRNewswire-FirstCall/ -- Computer Services, Inc. (CSI) (Pink Sheets: CSVI) today reported record revenues and net income for the fourth quarter and fiscal year ended February 29, 2008.

(Logo: http://www.newscom.com/cgi-bin/prnh/20080418/CSILOGO )

Fourth quarter revenues rose 13.8% to $40 million in fiscal 2008 compared with $35.1 million in the fourth quarter of fiscal 2007. Net income rose 17.8% to $6 million, and net income per diluted share increased 19.7% to $0.73 compared with the prior year.

CSI's revenues for fiscal 2008 were a record $145.6 million and rose 17% compared with $124.5 million in fiscal 2007. Net income for fiscal 2008 was a record $18.1 million, or $2.20 per diluted share, a 16% increase compared with fiscal 2007 income of $15.6 million, or $1.89 per diluted share.

"Our record results in 2008 benefited from sales growth across all CSI business segments and affiliates," stated President and Chief Executive Officer Steven A. Powless. "Our acquisition strategy has been an important part of expanding our markets and diversifying our revenue base. Companies acquired over the past five years contributed 25% of our fiscal 2008 revenues and to the growth in our customer base from 400 customers in 2003 to over 4,600 today.

"Sales at McCoy Myers, Summit Financial Solutions and ATTUS Technologies were significant contributors to our double-digit growth since last year. Our revenue growth also benefited from the cross-sales of Summit, ATTUS and Heartland products and services to CSI and McCoy Myers core bank customers.

"CSI increased its cash dividend 16% to $ 0.58 per share in fiscal 2008 compared with the prior year. This marked our 19th consecutive year of dividend increases, highlighting our record performance, strong balance sheet and excellent cash flow. We believe our excellent performance highlights the success of our growth strategy," continued Mr. Powless.

Fiscal 2008 Results

Consolidated revenues for fiscal 2008 rose 17% to $145.6 million compared with $124.5 million in fiscal 2007. The increase in revenues was attributable to all CSI business segments. Processing revenues rose 5.5% to $101.9 million and accounted for 70.0% of 2008 total revenues compared with $96.6 million, or 77.6% of total revenues, in fiscal 2007. Growth in processing revenues benefited from sales to new customers, cross-sales to existing customers and increases in transaction volumes. Other revenues rose 56.4% to $43.7 million compared with fiscal 2007 on the strength of higher revenue from Summit and Heartland, higher software license and royalty revenues, equipment sales, and growth in network monitoring services and eBusiness group revenues.

Operating income rose 15.2% to $29.2 million for fiscal 2008 compared with $25.4 million for last year. Operating margin for the fiscal 2008 period was 20.1% compared with 20.4% in 2007. The decline in margin was primarily due to operating losses at Heartland. Operating expenses increased 17.4% in fiscal 2008 to $116.4 million compared with $99.1 million in fiscal 2007, largely due to the addition of McCoy Myers, Heartland and Summit.

Net income for fiscal 2008 rose 16% to a record $18.1 million compared with $15.6 million in fiscal 2007. Net income per diluted share increased 16.4% to $2.20 for fiscal 2008 compared with $1.89 in fiscal 2007. Net income for 2008 included $427,000 minority interest related to the 67% interest in Heartland compared with $284,000 for fiscal 2007.

"CSI's acquisitions completed over the past few years have been major contributors to our growth," stated Mr. Powless. "We remain positive about the outlook for CSI's growth in the coming year."

Fourth Quarter Results

Fourth quarter consolidated revenues rose 13.8% to $40 million compared with $35.1 million for the fourth quarter ended February 28, 2007. Processing revenues increased 4.0% to $25.6 million compared with $24.6 million in the fourth quarter of last year. Other revenues rose 36.5% to $14.4 million in the fourth quarter of fiscal 2008 compared with $10.6 million in the same quarter of fiscal 2007.

Fourth quarter operating income rose 20.8% to $9.5 million compared with $7.9 million in the fourth quarter of the prior year. Operating margin for the fourth quarter was 23.8% compared with 22.4% in the fourth quarter of fiscal 2007.

Net income rose 17.8% to $6 million in the fourth quarter of fiscal 2008 compared with $5.1 million in the prior-year period. Net income per fully diluted share increased 19.7% to $0.73 compared with $0.61 in the same quarter last year. Net income for 2008 included $286,000 minority interest related to the 67% interest in Heartland.

At the end of the fourth quarter, CSI had long-term debt of $10 million associated with the bank line of credit to fund the Summit acquisition. At year end, CSI had $2.2 million in cash and cash equivalents, down from $3.9 million at fiscal year-end 2007.

About Computer Services, Inc.

Computer Services, Inc. (CSI) delivers core banking, payments processing, Internet, card services, risk assessment, fraud prevention, network management, and regulatory compliance solutions to over 4,600 financial institutions and corporate entities. Technology planning, local account managers and world-class customer service explain why CSI has been known as the nation's premier provider of banking solutions for over 40 years. CSI's stock is traded on the OTCQX under the symbol CSVI. For more information about CSI, visit http://www.csiweb.com/.

Forward-Looking Statements

All statements except historical statements contained herein constitute "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements and other written and oral statements that we make from time to time contain such forward looking statements that set out anticipated results based on management's plans and assumptions. We have tried wherever possible to identify such statements by using words such as "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," and words and terms of similar substance in connection with any discussion of future operating or financial performance. Nonetheless, all statements except historical statements contained herein may be deemed to constitute "forward-looking statements." Forward-looking statements are inherently uncertain and are based only on current expectations and assumptions that are subject to future developments that may cause results to differ materially. Readers should carefully consider: (i) economic, competitive, technological and governmental factors affecting the Company's operations, customers, markets, services, products and prices; and (ii) other factors discussed in the Company's Annual Report, Information and Disclosure Statements and other documents posted from time to time on the OTCQX website, including without limitation, the description of the nature of the Company's business and its management discussion and analysis of financial condition and results of operations for reported periods. The Company undertakes no obligation to update, and is not responsible for updating, the information contained herein beyond the publication date, whether as a result of new information or future events, or to conform the statement to actual results or changes in the Company's expectations, or otherwise or for changes made to this document by wire services or Internet services.

COMPUTER SERVICES, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME (in thousands, except per share data) Three Months Ended Year Ended February 29, February 28, February 29, February 28, 2008 2007 2008 2007 ------------ ------------ ------------ ------------ (Unaudited) (Audited) Revenues $39,980 $35,143 $145,618 $124,501 Expenses 30,456 27,257 116,370 99,107 ------------ ------------ ------------ ------------ Income before other income (expense) 9,524 7,886 29,248 25,394 Other income (expense), net (504) (262) (1,066) (573) ------------ ------------ ------------ ------------ Income before taxes & minority interest 9,020 7,624 28,182 24,821 Provision for income taxes 3,344 2,712 10,516 9,513 ------------ ------------ ------------ ------------ Income before minority interest 5,676 4,912 17,666 15,308 Minority interest 286 147 427 284 ============ ============ ============ ============ Net income $5,962 $5,059 $18,093 $15,592 ============ ============ ============ ============ Diluted earnings per share $0.73 $0.61 $2.20 $1.89 ============ ============ ============ ============ Fully diluted weighted average common shares outstanding 8,152 8,249 8,217 8,257 CONSOLIDATED BALANCE SHEETS (in thousands, except share data) 2/29/2008 2/28/2007 ----------- ----------- ASSETS Cash and cash equivalents $2,249 $3,850 Other current assets 20,083 18,110 Property and equipment, net 30,005 31,376 Software and software licenses, net 14,690 12,439 Goodwill 31,982 31,797 Intangible assets 2,291 2,892 Other assets 5,413 4,481 ----------- ----------- Total assets $106,713 $104,945 =========== =========== LIABILITIES & SHAREHOLDERS' EQUITY Current liabilities $12,882 $13,779 Other liabilities 2,015 3,319 Long-term debt 9,990 12,787 ----------- ----------- Total liabilities 24,887 29,885 Minority Interest 437 864 Shareholders' equity 81,389 74,196 ----------- ----------- Total liabilities and shareholders' equity $106,713 $104,945 =========== ===========

Certain amounts in the February 28, 2007 consolidated balance sheet have been reclassified to conform to the February 29, 2008 presentation. The reclassifications were related to the presentation of the minority interest in Heartland Communications Internet Services, Inc., and had the effect of increasing assets by approximately $1,971,000, liabilities by $337,000, minority interest by $864,000, and shareholders' equity by $770,000. The reclassifications had no impact on the Company's net income for the year ended February 28, 2007.

Photo: http://www.newscom.com/cgi-bin/prnh/20080418/CSILOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Computer Services, Inc.

CONTACT: David L. Simon, Treasurer & CFO, Computer Services, Inc.,
+1-800-545-4274, ext. 10126, dsimon@csiweb.com

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

Photon Dynamics President & CEO to Ring the NASDAQ Stock Market Closing Bell

SAN JOSE, Calif., May 2 /PRNewswire-FirstCall/ -- Photon Dynamics, Inc. announced today that Jeff Hawthorne, president and chief executive officer, will preside over the NASDAQ Closing Bell ceremony on Tuesday, May 6, 2008. Members of Photon Dynamics' management team will join Mr. Hawthorne at the ceremony, which will take place at the NASDAQ MarketSite in Times Square and be broadcast live.

"We are honored to be invited to ring the NASDAQ closing bell. This significant milestone is a tribute to the hard work and dedication of our employees, our loyal customers, and the continuous efforts to create long-term shareholder value," said Mr. Hawthorne.

What: Jeff Hawthorne, president and chief executive officer of Photon Dynamics, will preside over the Closing Bell. Where: NASDAQ MarketSite - 4 Times Square - 43rd & Broadway - Broadcast Studio When: Tuesday, May 6, 2008 at 4:00 p.m. EDT Feed Information:

The Closing Bell is available from 3:50 p.m. to 4:05 p.m. on uplink IA-6 C-band/transponder 17. The downlink frequency is 4040 Vertical; Audio 6.2-6.8. The feed can also be found on Waterfront fiber 1623. If you have any questions, please contact Robert Madden at (646) 441-5045.

Radio Feed:

An audio transmission of the Closing Bell is also available from 3:50 p.m. to 4:05 p.m. on uplink IA6 C band / transponder 24, downlink frequency 4180 horizontal. The feed can be found on Waterfront fiber 1623 as well.

Webcast:

A live Webcast of the NASDAQ Closing Bell will be available at: http://www.nasdaq.com/about/marketsitetowervideo.asx

Photos:

To obtain a hi-resolution photograph of the Market Close, please go to: http://www.nasdaq.com/reference/marketsite_events.stm and click on the market close of your choice.

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/.

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; or Robert Madden of NASDAQ MarketSite,
+1-646-441-5045, Robert.Madden@NASDAQOMX.com

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

Federal Signal Corporation Announces First Quarter Earnings of $.09 per Share; Records After-Tax Loss of $89 Million on Discontinuation of E-ONE and Sale of Tool-Highlights-- Q1 net sales of $228 million, up 7% from the prior year- Earnings from continuing operations decline to $.09 per share primarily due to increased litigation and severance expenses- Orders down 6% in Q1 2008 from Q1 2007 due to weaker U.S. municipal demand- Operating cash flow rises to $11 million in the quarter

OAK BROOK, Ill., May 2, 2008 /PRNewswire-FirstCall/ -- Federal Signal Corporation , a leader in advancing security and well-being, reported net income from continuing operations of $4.3 million, or $.09 per share, for the first quarter of 2008 on revenue of $228 million. For the same period of 2007, the Company earned $7.3 million from continuing operations, or $.15 per share, on revenue of $213 million. The year-over-year reduction in net income from continuing operations includes after-tax impacts of $1.9 million associated with higher litigation expense, $1.1 million in increased reserves associated with a disputed contract and $0.8 million in severance and other expenses associated with a cost reduction program initiated during the quarter.

Jim Goodwin, interim president and chief executive officer, stated, "I am pleased with our progress this quarter in advancing a number of significant initiatives, including completing our exit from the non-core tool business, our planned divestiture of E-ONE and success in key litigation. These changes will both narrow our strategic focus and improve our financial health. I am especially pleased with winning the firefighter hearing loss trial in Chicago. After a four and a half week trial, the jury returned a unanimous verdict in the Company's favor in less than two hours. This verdict is a win for our shareholders and affirms the Company's position that sirens are important public safety devices."

"With many of these issues behind us, we are focusing on the expansion of our Bronto and Vactor production capacity, growing our Public Safety Systems business and expanding our product offerings in China."

"On the negative side, we are increasingly concerned about the deteriorating economic outlook. The decline in our new orders is largely from our U.S. municipal customers who are being squeezed by higher operating expenses and an anticipated decline in tax revenues. Meanwhile, like many other manufacturers, we are facing pressure on commodity prices, which means higher prices for our customers. As we navigate through the balance of the year, we will continue to reduce costs, improve our material sourcing and tighten our expense controls."

The Company recorded a first quarter net loss including discontinued operations of $84.9 million, compared to $30.7 million of net income in the prior year period. The loss in the first quarter of 2008 is driven primarily by an after-tax loss of $27.1 million on discontinued operations of the Tool business and an impairment charge of $58.4 million taken with respect to the Company's investment in E-ONE. The Company completed the sale of the Tool business on April 21, 2008. The Company has made the decision to sell E-ONE and is in discussions with potential buyers. In the first quarter of 2007, the Company recorded a gain of $23.4 million primarily as a result of the sale of its cutting tool businesses.

Cash flow from operations totaled $11.3 million in the first quarter, significantly improved from the $8.7 million outflow in the prior year quarter. The improvement reflects a reduction in working capital at E-ONE, collections of dealer floor planning receivables and the absence of a $5.0 million contribution to the U.S. pension fund which was made in the first quarter of 2007.

GROUP RESULTS Safety and Security Systems -- Orders declined 2% from the prior year period to $96 million due to fewer large export tenders than awarded in the prior year. This decline was somewhat offset by growth in Public Safety Systems orders due mainly to the acquisition of PIPS in the third quarter of 2007. -- Net sales rose 15% to $91 million, with double digit increases in municipal warning systems and parking projects. Sales into the energy markets with industrial, marine and offshore lighting products increased from the prior year as well. -- Operating income of $8.3 million was down 13% from the prior year. The beneficial impact of higher sales was more than offset by unfavorable product mix, the addition of $1.3 million in expenses to support the new Public Safety Systems business and $.5 million of expense associated with staffing reductions. Fire Rescue -- Demand for Bronto articulated aerial devices continues to be high in international markets and significantly above the current production rate. Quarter-end backlog totaled $179 million, up 70% from a year ago. Bronto's 40% capacity expansion is on track for completion in the third quarter. -- Net sales of $24 million rose 18% from the prior year period, limited by the tight chassis market in Europe and some difficulties obtaining components. -- Operating income of $2.0 million was up 18% over 2007, in line with the higher sales. Environmental Solutions -- Orders totaled $98 million, down 12% from the prior year quarter as a result of slowing U.S. municipal sweeper purchases and a relatively weaker industrial market. However, sales of water blasters remained strong, as did orders for service parts and accessories. -- Net sales totaled $113 million, unchanged from 2007. Sweepers were down year-over-year reflecting municipal spending trends, while domestic shipments of sewer cleaners and industrial vacuums remained strong. -- Operating income of $9.7 million was down 4% from 2007 levels due to $.5 million of expenses associated with cost reduction activities and increased expenses associated with an ERP system implementation. OTHER -- First quarter corporate expenses totaled $7.3 million, an increase of $2.8 million over the prior year primarily as a result of $3.0 million in higher costs associated with the Company's firefighter hearing loss litigation. Also impacting results was $.4 million of severance expense associated with cost reduction activities. -- The first quarter effective tax rate was 19.3% versus 30.1% a year ago. The reduction reflects foreign tax rate effects and the successful resolution of certain foreign and state income tax uncertainties under FIN 48. CONFERENCE CALL

Federal Signal will host its first quarter conference call on Friday, May 2, 2008 at 11:00 a.m. Eastern Time to highlight results of the quarter. The call will last approximately one hour. You may listen to the conference call over the Internet through Federal Signal's website at http://www.federalsignal.com/. If you are unable to listen to the live broadcast, a replay accessible from the company website will be available shortly after the call.

About Federal Signal

Federal Signal Corporation is a leader in advancing security and well-being for communities and workplaces around the world. The company designs and manufactures a suite of products and integrated solutions for municipal, governmental, industrial and airport customers. Federal Signal's portfolio of trusted, high-priority products include Bronto aerial devices, Elgin and Ravo street sweepers, E-ONE fire apparatus, Federal Signal safety and security systems, Guzzler industrial vacuums, Jetstream waterblasters and Vactor sewer cleaners. Federal Signal was founded in 1901 and is based in Oak Brook, Illinois. http://www.federalsignal.com/

This release contains unaudited financial information and various forward-looking statements as of the date hereof and we undertake no obligation to update these forward-looking statements regardless of new developments or otherwise. Statements in this release that are not historical are forward-looking statements. Such statements are subject to various risks and uncertainties that could cause actual results to vary materially from those stated. Such risks and uncertainties include but are not limited to: economic conditions in various regions, product and price competition, supplier and raw material prices, foreign currency exchange rate changes, interest rate changes, increased legal expenses and litigation results, legal and regulatory developments and other risks and uncertainties described in filings with the Securities and Exchange Commission.

INVESTOR CONTACT: David Janek, +1.630.954.2000, djanek@federalsignal.com FEDERAL SIGNAL CORPORATION (NYSE) Consolidated Financial Data For the First Quarter 2008 (Unaudited) (in millions except per share data) YTD YTD Mar. 31 Mar. 31 2008 2007 Quarter March 31: ---- ---- Net Sales $228.1 $213.0 Cost of sales (168.2) (157.4) Operating expenses (47.2) (38.8) --------- --------- Operating income 12.7 16.8 Interest expense (6.8) (6.1) Other expense (0.5) (0.3) --------- --------- Income before income taxes 5.4 10.4 Income tax expense (1.1) (3.1) --------- --------- Income from continuing operations 4.3 7.3 (Loss) gain from discontinued operations and disposal, net of tax (89.2) 23.4 --------- --------- Net (loss) income $(84.9) $30.7 ========= ========= Gross margin on revenues 26.3% 26.1% Operating margin on revenues 5.6% 7.9% Effective Tax Rate 19.3% 30.1% Diluted earnings per share: Income from continuing operations $0.09 $0.15 (Loss) gain from discontinued operations and disposal, net of tax (1.86) 0.49 --------- --------- Diluted (loss) earnings per share $(1.77) $0.64 ========= ========= Average common shares outstanding 47.9 47.8 YTD YTD Mar. 31 Mar. 31 2008 2007 Group results: ---- ---- Safety and Security Systems Group: Orders $95.9 $97.9 Net Sales 90.8 78.7 Operating Income 8.3 9.5 Operating Margin 9.1% 12.0% Backlog $67.0 $78.0 Fire Rescue Group: Orders $59.0 $61.5 Net Sales 24.3 20.6 Operating Income 2.0 1.7 Operating Margin 8.2% 8.3% Backlog $178.8 $105.5 Environmental Solutions Group: Orders $97.5 $110.5 Net Sales 113.0 113.7 Operating Income 9.7 10.1 Operating Margin 8.6% 8.9% Backlog $122.6 $125.5 Corporate operating expenses $(7.3) $(4.5) --------- --------- Total Operating Income $12.7 $16.8 ========= ========= March 31 December 31 ($ in millions) 2008 2007 ASSETS ---- ---- Manufacturing activities: Current assets Cash and cash equivalents $9.0 $12.5 Accounts receivable, net of allowances for doubtful accounts of $5.7 million and $3.8 million, respectively 152.7 147.8 Inventories 137.5 121.8 Other current assets 36.7 41.2 --------- --------- Total current assets 335.9 323.3 Properties and equipment, net 66.3 59.6 Other assets Goodwill, net of accumulated amortization 349.9 344.7 Intangible assets, net 64.3 65.2 Deferred charges and other assets 9.2 7.2 --------- --------- Total manufacturing assets 825.6 800.0 Assets of discontinued operations 149.4 232.9 Financial services activities - Lease financing and other receivables, net of allowances for doubtful accounts of $3.7 million and $3.6 million, respectively 129.9 146.8 --------- --------- Total assets $1,104.9 $1,179.7 ========= ========= LIABILITIES AND SHAREHOLDERS' EQUITY Manufacturing activities: Current liabilities Short-term borrowings $5.1 $2.6 Current portion of long-term borrowings 48.2 45.4 Accounts payable 65.4 66.2 Accrued Liabilities Compensation and withholding taxes 24.9 26.8 Customer deposits 21.4 17.7 Other 47.6 53.6 --------- --------- Total current liabilities 212.6 212.3 Long-term borrowings 252.5 240.7 Long-term pension and other liabilities 32.3 32.3 Deferred income taxes 41.3 39.3 --------- --------- Total manufacturing liabilities 538.7 524.6 Liabilities of discontinued operations 76.4 72.4 Financial services activities - Borrowings 121.9 137.4 --------- --------- Total liabilities 737.0 734.4 Shareholders' equity Common stock, $1 par value per share, 90.0 million shares authorized, 49.5 million and 49.4 million shares issued, respectively 49.5 49.4 Capital in excess of par value 103.5 103.2 Retained earnings 245.7 333.8 Treasury stock, 1.5 million shares, at cost (30.1) (30.1) Accumulated Other Comprehensive (loss) income Foreign currency translation, net 25.2 15.9 Net derivative loss, cash flow hedges, net (1.1) (2.0) Unrecognized pension and postretirement losses, net (24.8) (24.9) --------- --------- Total (0.7) (11.0) --------- --------- Total shareholders' equity 367.9 445.3 --------- --------- Total liabilities and shareholders' equity $1,104.9 $1,179.7 ========= ========= Supplemental data: Manufacturing debt $305.8 $288.7 Debt-to-capitalization ratio: Manufacturing 46.0% 40.0% Financial services 94.0% 94.0% Net Debt/Cap Ratio 45.2% 38.8% Net Debt/Cap Ratio = manufacturing debt-to-capitalization ratio, net of cash For the Quarter Ended March 31, -------------------- 2008 2007 ------ ------ ($ in millions) Operating activities Net (loss) income $(84.9) $30.7 Adjustments to reconcile net (loss) income to net cash provided by (used for) operating activities: Loss (Gain) on discontinued operations and disposal 89.2 (23.4) Depreciation and amortization 4.3 2.6 Stock based compensation expense 1.1 1.0 Lease financing and other receivables 16.9 (0.4) Pension contributions (0.4) (6.2) Working capital(1) (12.4) 5.1 Other (3.6) (6.5) --------- --------- Net cash provided by continuing operating activities 10.2 2.9 Net cash provided by (used for) discontinued operating activities 1.1 (11.6) --------- --------- Net cash provided by (used for) operating activities 11.3 (8.7) Investing activities Purchases of properties and equipment (7.7) (4.2) Payments for acquisitions, net of cash acquired - (16.6) Other, net - (2.0) --------- --------- Net cash used for continuing investing activities (7.7) (22.8) Net cash (used for) provided by discontinued investing activities (0.9) 66.5 --------- --------- Net cash (used for) provided by investing activities (8.6) 43.7 Financing activities Reduction in short-term borrowings, net (2.5) (26.1) (Payments on) proceeds from long-term borrowings, net (0.9) 4.1 Cash dividends paid to shareholders (2.9) (2.9) Other, net (0.8) - --------- --------- Net cash used for continuing financing activities (7.1) (24.9) --------- --------- Net cash used for financing activities (7.1) (24.9) --------- --------- Effects of foreign exchange rate changes on cash 0.9 0.1 (Decrease) increase in cash and cash equivalents (3.5) 10.2 Cash and cash equivalents at beginning of year 12.5 15.7 --------- --------- Cash and cash equivalents at end of period $9.0 $25.9 ========= ========= (1) Working capital is composed of net accounts receivable, inventories, accounts payable and customer deposits.

Federal Signal Corporation

CONTACT: Investors, David Janek of Federal Signal Corporation,
+1-630-954-2000, djanek@federalsignal.com

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

Industry Leader eFUEL EFN, Corp. Announces Background Verification Service VeritasID.com

TAMPA, Fla., May 2 /PRNewswire-FirstCall/ -- Today, eFUEL EFN, Corp. ("eFUEL" or the "Company") announced the creation of VeritasID.com, a new business unit specifically formed to assist churches, and other religious organizations such as schools, hospitals and outreach programs to more easily and reliably conduct background screenings of job applicants and volunteers nationwide. VeritasID.com provides a user-friendly, on-line system that makes it easier for religious leaders to protect their congregants and churches from the risks of hiring an employee or volunteer with a criminal or sexual offender record.

In recent years virtually all-religious denominations have suffered at the hands of sexual predators who have abused their positions of trust as volunteers or employees to prey upon the children and other vulnerable congregants. The Catholic Church alone has paid out over 650 million dollars to settle court cases, with some settlements in the 100 million dollar range. Some churches have even been forced into bankruptcy as a result of the damage caused by these settlements. In addition to the financial hardships, these predators leave behind a legacy of distrust and cynicism among the faithful and a devastating loss of innocence to the children victimized.

Churches, schools and other similar organizations are often a magnet for pedophiles and other sexual abusers due to their reliance on large numbers of part-time volunteers, the level of trust that members normally place in the institution, the high concentration of children and the easy access to potential victims. For these reason, the religious community has a critical need for accurate and timely background information. Unfortunately, traditional sources of information have usually been either too complicated for part-time administrators to use effectively as in the case of professional service providers, or in the case of on-line services, the information returned is often incomplete or out-of-date.

Joseph Cillo, President and CEO of eFUEL EFN, Corp. stated, "We recognize that the background screening requirements of the religious community are different from those of our commercial clients and have not been adequately addressed until now. In addition to the normal business concerns of commercial personnel directors, churches have a higher duty and a greater desire to ensure that their employees and volunteers do not have a history of sexual misconduct against children and others. It is for this reason that we have created VeritasID.com as a separate business unit to address the special concerns of the religious community and to provide them with easy and affordable access to the information they need to protect their children."

Contact: eFUEL EFN, Corp. Phone: (813) 968-2695 Fax: (813) 968-2195 Email: info@eFUELcorp.com

Certain Statements in this press release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performances or achievements express or implied by such forward-looking statements. The forward-looking statements are subject to risks and uncertainties including, without limitation, changes in levels of competition, possible loss of customers, and the company's ability to attract and retain key personnel

Contact: Stuart T. Smith SmallCapVoice.Com, Inc. P. 512-267-2430 F. 512-267-2530

The above news release has been provided by the above company via Pink Sheets News Service. Issuers of news releases and not Pink Sheets are solely responsible for the accuracy of such news releases.

eFUEL EFN, Corp.

CONTACT: Stuart T. Smith of SmallCapVoice.Com, Inc. for eFUEL EFN,
Corp., +1-512-267-2430, or fax, +1-512-267-2530; or eFUEL EFN, Corp.,
+1-813-968-2695, or fax, +1-813-968-2195, info@eFUELcorp.com

Web site: http://veritasid.com/

eResearchTechnology to Present at the Deutsche Bank 33rd Annual Healthcare Conference on May 7th 2008

PHILADELPHIA, May 2 /PRNewswire-FirstCall/ -- eResearchTechnology, Inc. (eRT), , a leading provider of centralized electrocardiographic (ECG) collection and interpretation services, announced today that Dr. Michael J. McKelvey, the Company's President and Chief Executive Officer, and Richard Baron, the Company's Chief Financial Officer, are scheduled to present at the Deutsche Bank 33rd Annual Healthcare Conference at 10:10 a.m. Eastern on May 7, 2008 at the InterContinental Hotel in Boston, Massachusetts.

Interested parties may access the presentation by visiting the Company's corporate website at http://www.ert.com/. The webcast will be available via replay for 30 days.

About eResearchTechnology:

Based in Philadelphia, PA, eResearchTechnology, Inc. (http://www.ert.com/) is a provider of technology and services to the pharmaceutical, biotechnology and medical device industries on a global basis. The company is a market leader in providing centralized core-diagnostic electrocardiographic (ECG) technology and services to evaluate cardiac safety in clinical development. The company is also a leader in providing technology and services to streamline the clinical trials process by enabling its customers to automate the collection, analysis, and distribution of clinical data in all phases of clinical development.

Forward-looking Statements:

Statements included in this release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements, including, but not limited to, 2008 financial guidance, involve a number of risks and uncertainties such as the company's ability to obtain new contracts and accurately estimate net revenues due to uncertain regulatory guidance, variability in size, scope and duration of projects, and internal issues at the sponsoring client, competitive factors, technological development, and market demand. As a result, actual results may differ materially from any financial outlooks stated herein. Further information on potential factors that could affect the company's financial results can be found in the company's Report on Form 10-K and 10Q filed with the Securities and Exchange Commission. The company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise.

eResearchTechnology, Inc.

CONTACT: Richard Baron of eResearchTechnology, Inc., +1-215-282-5566, or
Robert East of Westwicke Partners, LLC, +1-410-321-9652, for
eResearchTechnology, Inc.

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

Wuhan General Appoints Haiming Liu as Chief Financial Officer

WUHAN, China, May 2 /PRNewswire-FirstCall/ -- Wuhan General (BULLETIN BOARD: WUHN) , a leading manufacturer of industrial blowers and turbines, today announced the appointment of Haiming Liu as Chief Financial Officer and Treasurer, effective immediately.

For the past 13 years, Mr. Liu has worked for the accounting firm of PricewaterhouseCoopers, which provided him extensive experience in audit, US and PRC GAAP, and initial public offerings. From 1995 to 2002, Mr. Liu served as an auditor with PWC in Vancouver, British Columbia. In 2002, Mr. Liu became a Training Manager with PWC in Shanghai, China. From the end of 2002 through April 2008, Mr. Liu served as Assurance Senior Manager with PWC in Chongqing, China.

Prior to PWC, Mr. Liu worked as a lawyer and legal advisor for the Jiangxi Foreign Economic Law Office and the Shanghai Bearing Corporation. He also worked as a translator at the University of British Columbia for several years.

Mr. Liu's educational background includes a law degree from East China University of Political Science & Law in Shanghai, a post-graduate degree in English from Chinese University of Political Science & Law in Beijing, and a post-graduate degree in accounting from the Institute of Chartered Accountants.

Mr. Xu Jie, Chief Executive Officer of Wuhan General, commented, "We are delighted to have Mr. Liu join our team. His strong finance and accounting background, including more than 13 years at PWC, will be an asset to our company as we expand and manage our growth, and as we pursue our goals regarding our listing in the U.S., specifically our efforts to move our listing to NASDAQ. In addition, I believe that Mr. Liu will assist us in strengthening our relationships with investors outside China. I am pleased to welcome Mr. Liu to Wuhan General on behalf of the company and the Board of Directors. I also would like to thank Mr. Kuang for his service as CFO during our initial stage as a U.S. public company."

Mr. Kuang Yuandong, the company's prior Chief Financial Officer and Treasurer, resigned those offices upon mutual agreement with the company. Mr. Kuang will remain with the company as an employee in the finance department.

About Wuhan General

Wuhan General (OTC BB: WUHN) designs, manufactures, and distributes industrial blowers and turbines. Blowers are used in a variety of applications where large amounts of air have to be moved. Examples include electricity generation, air pollution control, and ventilation and aeration in subways and vehicular tunnels, mines, and sewage treatment facilities. The company's steam and water turbines are used for electricity generation in coal, oil, nuclear, and hydroelectric power plants. The company is located in Wuhan, China, a major industrial city of 8 million people strategically located in the south-central part of China.

Certain statements in this press release may be forward-looking in nature or "forward-looking statements," as defined by the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks and uncertainties, including all business uncertainties relating to vulnerability of our business to general economic downturn, operating in the People's Republic of China (PRC) generally and the potential for changes in the laws of the PRC that affect our operations, our failure to meet or timely meet contractual performance standards and schedules and other factors that may cause actual results to be materially different from those described in such forward-looking statements. Certain of these risks and uncertainties are or will be described in greater detail in our filings with the Securities and Exchange Commission. These forward-looking statements are based on Wuhan General's current expectations and beliefs concerning future developments and their potential effects on the company. There can be no assurance that future developments affecting Wuhan General will be those anticipated by the company. Wuhan General undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

Wuhan General

CONTACT: Dan Joseph, +86-21-6122-1077, or Bill Zima, +1-203-682-8200,
both of ICR, Inc., for Wuhan General

MFLEX Expands Board of Directors to Include Recently Appointed CEO and New Independent DirectorThe company also appoints a vice president of corporate development and chief strategy officer

ANAHEIM, Calif., May 2 /PRNewswire-FirstCall/ -- Multi-Fineline Electronix, Inc. , a leading global provider of high-quality, technologically advanced flexible printed circuit and value-added component assembly solutions to the electronics industry, announced today that it has expanded its board of directors from seven to nine directors and has named Reza Meshgin and Donald K. Schwanz as new directors. Mr. Meshgin was recently appointed MFLEX's chief executive officer.

According to Phil Harding, chairman of MFLEX's board of directors, with the addition of Meshgin as a director, the company needed to expand the size of the board from seven to nine members so as to maintain a majority of independent directors, in accordance with the company's bylaws.

Meshgin, who was appointed chief executive officer in March 2008, joined MFLEX in 1989. He was named president and chief operating officer in December 2003 with the expectation that he would ultimately become the company's CEO. Meshgin succeeded Harding, who had served as MFLEX's CEO since 1988.

"We believe Reza's presence on the board of directors as president and chief executive officer is critical, and we also are pleased to have Mr. Schwanz join the board as an additional independent director," Harding said.

Most recently, Schwanz served from 2002 to 2007 as chairman of CTS Corporation, a leading designer and manufacturer of electronic components and sensors to OEMs in the automotive, computer, communications, medical and industrial markets. In addition, Schwanz served as CTS' president and chief executive officer between 2001 and 2007. From 1979 to 2000, Schwanz held numerous key management positions at Honeywell, Inc. Most recently he served as president of Honeywell Industrial Controls, a $2.8 billion global business specializing in process control systems. Prior to that, he was president of Honeywell's Space and Aviation Controls business, the leading global supplier of avionics for commercial and business aircraft. Schwanz began his business career in 1968 with Sperry Univac, Inc., where he held positions in program management, project engineering, sales and sales support. Schwanz is a 1966 graduate of the Massachusetts Institute of Technology where he received his bachelor's of science degree in mechanical engineering. He received a master's in business administration from Harvard Business School in 1968.

In March 2008 at the company's annual meeting of stockholders, Linda Y. C. Lim, Ph.D., was elected to MFLEX's board as an independent director, replacing another director who did not stand for re-election.

Dr. Lim is a faculty member at the University of Michigan where she has been a professor of strategy at the Stephen M. Ross School of Business since 2001. She is also the director of the Center for Southeast Asian Studies, a member of the executive committees of the Center for International Business Education, the Office of International Programs and the Center for Chinese Studies, and a faculty associate of the Center for Japanese Studies and the Center for South Asian Studies. Dr. Lim also has consulted for many organizations, including various U.S. companies, private think tanks, United Nations agencies and the Organization for Economic Co-operation and Development (OECD). Between January 1998 and August 2006, Dr. Lim was a director of NASDAQ listed Woodhead Industries, an industrial communications provider. She holds a bachelor's of arts degree in economics from Cambridge University, a master's of arts degree from Yale University in economics and a doctorate in economics from the University of Michigan.

According to Meshgin, MFLEX also has named Matthew Wolk as vice president corporate development and chief strategy officer. "Mr. Wolk's responsibilities will include working closely with me and the executive management team to continuously evaluate the company's business strategy and to ensure MFLEX's decision making and operations are aligned with our strategic goals and objectives," he said.

Wolk has significant experience working with domestic and international businesses and has been instrumental in formulating growth strategies, corporate turnarounds, and merger and acquisition planning and integration. Prior to joining MFLEX, Wolk was managing partner of Invigorate Management Consulting, LLC from 2004 to 2008. Earlier, he was a partner in the management consulting firm of A.T. Kearney Inc., and he also held senior executive positions with Royal Philips Electronics NV and Cable & Wireless Plc. Wolk has served as a board member and advisor for several companies. He is currently a mentor in the executive master's of business administration program at the Paul Merage School of Business at the University of California in Irvine, California.

About MFLEX

MFLEX (http://www.mflex.com/) is a global provider of high-quality, technologically advanced flexible printed circuit and value-added component assembly solutions to the electronics industry. The company is one of a limited number of manufacturers that provides a seamless, integrated end-to-end flexible printed circuit solution for customers, ranging from design and application engineering, prototyping and high-volume manufacturing to turnkey component assembly and testing. The company targets its solutions within the electronics market and, in particular, focuses on applications where flexible printed circuits are the enabling technology in achieving a desired size, shape, weight or functionality of an electronic device. Current applications for the company's products include mobile phones and smart mobile devices, personal digital assistants, mobile power adapters, medical devices, computer/data storage, and portable bar code scanners. The company's common stock is quoted on the Nasdaq Global Select Market under the symbol MFLX.

Certain statements in this news release are forward-looking statements that involve a number of risks and uncertainties. Such forward-looking statements include statements which may be preceded by the words "plan," "will," "expect," "believe," or similar words. For such statements, the company claims the protection of the Private Securities Litigation Reform Act of 1995. Actual events or results may differ materially from the company's expectations. Important factors that could cause actual results to differ materially from those stated or implied by the company's forward-looking statements are disclosed in the company's SEC reports, including its quarterly report on Form 10-Q for the first quarter of fiscal 2008. These forward-looking statements represent the company's judgment as of the date of this release. The company disclaims any intent or obligation to update these forward-looking statements.

MFLEX; Multi-Fineline Electronix, Inc.

CONTACT: Connie Chandler, Investor Relations of Multi-Fineline
Electronix, Inc., +1-714-573-1121, investor_relations@mflex.com

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

SAP to Highlight Latest News Via Press Conference Webcast and Online Newsroom From SAPPHIRE(R) 2008 Orlando

ORLANDO, Fla., May 2 /PRNewswire-FirstCall/ -- Press, bloggers and analysts are invited to attend online the press conference highlighting the news announcements being made at SAPPHIRE(R) 2008, SAP's international customer conference, being held in Orlando, Florida, May 4 - 7.

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

The press conference will include remarks from members of the SAP Executive Board, including SAP co-CEOs Henning Kagermann and Leo Apotheker, and President and CEO of SAP Americas and Asia Pacific Japan, Bill McDermott. In addition, SAP senior management will host a financial analyst and investor conference, which can also be attended online.

SAP press announcements from SAPPHIRE 2008 Orlando are expected to be issued at:

10:30 a.m. EDT / 4:30 p.m. CET on Monday, May 5 11:00 a.m. EDT / 5:00 p.m. CET on Tuesday, May 6 SAP Tuesday, May 6, 2008 Press 11:00 a.m. - 12:00 p.m. EDT / 5:00 p.m. - 6:00 p.m. CET Conference The Webcast will be broadcast at http://www.sap.com/press Questions can be submitted to press@sap.com Listen-in, toll-free from USA: +1 (800) 230-1766 Listen-in, international callers: +1 (612) 332-0107 A replay of the event will be available until May 20. Number for replay in USA: +1 (800) 475-6701 Number for the replay, international: +1 (320) 365-3844 Access code: 920669 SAP Tuesday, May 6, 2008 Investor 3:30 p.m. - 4:30 p.m. EDT / 9:30 p.m. - 10:30 a.m. CET Conference The Webcast will be broadcast at http://www.sap.com/investor Questions can be submitted to investor@sap.com There is no listen-in line for the investor conference.

During SAPPHIRE 2008, customers from throughout the Americas and the world will present how they utilize and benefit from SAP(R) solutions to build "business beyond boundaries." To view the complete list of presentations by customers, SAP and a growing ecosystem of partners, visit http://www.sapphire2008agenda.com/usa2008/sessions.epx.

Webcasts, announcements, media roundtables, keynote presentations and podcasts from SAPPHIRE 2008 Orlando will be available in the event's virtual newsroom at http://www.sapsapphire.com/usa2008/newsroom/index.htm.

To view video stories on diverse topics, visit http://www.sap-tv.com/. From this newly launched site, you also can embed videos into your own Web pages, share video via email links and subscribe to RSS feeds from SAP TV. No registration is required.

To preview and request broadcast-standard video digitally or by tape, log on to http://www.thenewsmarket.com/sap, where registration and video is free to the media.

Contacts: SAP Press Room at SAPPHIRE, +1 (610) 661-0469 Iris Eidling, +49 (160) 8896-607, iris.eidling@sap.com, EDT Torrey Fazen, +1 (917) 916-6398, torrey.fazen@bm.com, EDT SAP Press Office, +1 (610) 661-3200, press@sap.com, EDT SAP Press Office +49 (6227) 7-46315, press@sap.com, CET SAP Investor Relations Stefan Gruber, +49 6227 744872, stefan.gruber@sap.com, CET Marty Cohen, +1 212 653-9619, martin.cohen@sap.com, EDT

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.

Photo: http://www.newscom.com/cgi-bin/prnh/20050310/SFTH009LOGO-a
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com SAP AG

CONTACT: SAP Press Room at SAPPHIRE, +1-610-661-0469; or Torrey Fazen,
+1-917-916-6398, EDT, torrey.fazen@bm.com, for SAP AG; or Iris Eidling,
+49 (160) 8896-607, EDT, iris.eidling@sap.com, or SAP Press Office,
+1-610-661-3200, EDT, +49 (6227) 7-46315, CET, press@sap.com, or SAP Investor
Relations, Stefan Gruber, +49 6227 744872, CET, stefan.gruber@sap.com, or
Marty Cohen, +1-212-653-9619, EDT, martin.cohen@sap.com, all of SAP AG

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

PECO II Reports First-Quarter 2008 Results

GALION, Ohio, May 2 /PRNewswire-FirstCall/ -- PECO II, Inc. , a manufacturer of communications power systems and full-service provider of engineering and installation on-site services to the communications industry, today reported results for the first quarter ended March 31, 2008.

PECO II reported net sales of $9.0 million in the first quarter of 2008, compared with $8.1 million in the first quarter of 2007, an 11 percent increase. The Company reported a net loss of $1.4 million, or $0.05 per diluted share, for the first quarter of 2008, compared with a net loss of $2.4 million, or $0.09 per diluted share, for the first quarter of 2007.

EBITDA was a loss of $0.9 million in the first quarter of 2008, compared with an EBITDA loss of $1.8 million for the first quarter of 2007. An explanation and reconciliation of GAAP net loss to EBITDA is included as Attachment A.

The $1.0 million reduction in net loss for the first quarter of 2008 compared with the first quarter of 2007 was driven by strong product revenue growth of $1.4 million resulting in strong product gross margin improvements of $0.4 million, combined with significant operating cost reductions of $0.7 million realized from the Company's 2007 restructuring efforts.

Cash used by operating activities in the first quarter of 2008 was $968,000. While this included a net loss and decreases in accounts payable, it was offset by non-cash charges and decreases in accounts receivable and inventory.

Bookings increased during the first quarter of 2008, resulting in an increased sales backlog of $4.8 million. The first quarter backlog was a 9 percent increase from the $4.4 million in the fourth quarter of 2007. The bookings-to-billings ratio reflects customer orders received as compared with the same period's billings and is an indication of future periods. For the first quarter of 2008, the ratio was 1.03 to 1.

John Heindel, PECO II Chairman and CEO stated, "The first quarter financial performance represents a significant improvement over both first quarter 2007 and fourth quarter 2007 business performance. The Company delivered strong product revenue growth, which when combined with the completion of the strategic restructuring initiatives implemented in 2007, resulted in a significantly reduced operating loss. Year to date, the Company is gaining market share as evidenced by PECO II winning four new geographic markets from its existing customer base."

Heindel added, "The Company must continue to take market share from the competition in order to return to EBITDA profitability in 2008. To achieve this, we continue to work with our customers to better understand their needs and aggressively work our strategic supplier base to ensure that we have the flexibility to respond to customer requests for products and systems."

Conference Call on the Web

PECO II will hold a conference call with investors and analysts on Friday, May 2, 2008, at 10 a.m. Eastern time. The call will be available over the Internet at http://www.peco2.com/. To listen to the call, go to the Web site to register, download and install any necessary audio software. For those unable to listen to the live broadcast, a replay of the webcast will be archived and available shortly after the call.

About PECO II, Inc.

PECO II, headquartered in Galion, Ohio, provides engineering and on-site installation services and designs, manufactures and markets communications power systems and power distribution equipment. As the largest independent full-service provider of telecommunications power systems, the Company provides total power quality/reliability solutions and supports the power infrastructure needs of communications service providers in the local exchange, long-distance, wireless, broadband and Internet markets. Additional information about PECO II can be found at http://www.peco2.com/.

Forward-Looking Statements

Statements in this release that are not historical fact are forward- looking statements, which involve risks and uncertainties that may cause actual results or events to differ materially from those expressed or implied in such statements. Factors that may cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, a general economic recession; a downturn in our principal customers' businesses; the growth in the communications industry; the ability to develop and market new products and product enhancements; the ability to attract and retain customers; competition and technological change; and successful implementation of the Company's business strategy. In addition, this release contains time-sensitive information that reflects management's best analysis only as of the date of this release. PECO II does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the date of this release. Further information concerning issues that could materially affect financial performance related to forward-looking statements can be found in PECO II's periodic filings with the Securities and Exchange Commission.

PECO II, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except for per share data) For the Three Months Ended March 31, 2008 2007 Net sales: Product $7,290 $5,895 Services 1,721 2,199 9,011 8,094 Cost of goods sold: Product 6,378 5,441 Services 1,430 1,779 7,808 7,220 Gross margin: Product 912 454 Services 291 420 1,203 874 Operating expenses: Research, development and engineering 632 840 Selling, general and administrative 2,015 2,506 2,647 3,346 Loss from operations (1,444) (2,472) Interest income, net 64 102 Loss before income taxes (1,380) (2,370) Income tax expense (9) (14) Net loss $(1,389) $(2,384) Net loss per common share: Basic and diluted $(0.05) $(0.09) Weighted average common shares outstanding: Basic and diluted 27,470 27,174 PECO II, INC. CONSOLIDATED BALANCE SHEETS (In thousands, except for share data) March 31, December 31, 2008 2007 ASSETS (unaudited) Current assets: Cash and cash equivalents $6,978 $7,935 Accounts receivable, net of allowance of $55 at March 31, 2008 and $90 at December 31, 2007 2,835 3,685 Inventories, net of allowance of $1,573 at March 31, 2008 and $1,906 at December 31, 2007 10,258 11,433 Cost and earnings in excess of billings on uncompleted contracts 305 514 Prepaid expenses and other current assets 266 263 Assets held for sale 190 219 Total current assets 20,832 24,049 Property and equipment, at cost: Land and land improvements 195 195 Buildings and building improvements 7,251 7,251 Machinery and equipment 2,888 2,869 Furniture and fixtures 5,516 5,527 15,850 15,842 Less-accumulated depreciation: (11,462) (11,360) Property and equipment, net 4,388 4,482 Other assets: Goodwill 1,529 1,515 Intangibles, net 3,553 3,822 Investment in joint venture 2 2 Total assets $ 30,304 $ 33,870 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Accounts payable $2,608 $4,485 Billings in excess of cost and estimated earnings on uncompleted contracts 25 510 Accrued compensation expense 996 722 Accrued income taxes 61 81 Other accrued expenses 1,645 1,800 Total current liabilities 5,335 7,598 Shareholders' equity: Common stock, no par value: 150,000,000 shares authorized; 27,487,297 and 27,391,574 shares issued at March 31, 2008 and December 31, 2007, respectively 3,487 3,475 Warrants 5,107 5,078 Additional paid-in capital 116,457 116,412 Accumulated deficit (100,082) (98,693) Total shareholders' equity 24,969 26,272 Total liabilities and shareholders' equity $ 30,304 $ 33,870 Attachment A

EBITDA is not a financial measure calculated in accordance with U.S. generally accepted accounting principles (GAAP) and should not be considered as an alternative to net income, operating income or any other financial measure so calculated and presented. We define EBITDA as net income/(loss) before interest expense, taxes, depreciation, amortization, and non-cash stock compensation expense. Other companies may define EBITDA differently. We present EBITDA because we believe it to be an important supplemental measure of our performance that is commonly used by securities analysts, investors and other interested parties in the evaluation of companies in our industry. Management also uses this information internally for forecasting and budgeting. You should not consider EBITDA in isolation, or as a substitute for analysis of our results as reported under GAAP.

Reconciliation of GAAP Net Loss to EBITDA (unaudited) For the Three Months Ended March 31, (In thousands) 2008 2007 2008 and 2007 EBITDA Breakdown Net Loss per GAAP $(1,389) $(2,384) Interest expense $6 $8 Taxes $9 $14 Depreciation/ amortization $ 381 $ 424 Non-cash stock-based compensation $63 $ 119 EBITDA $(930) $(1,819)

PECO II, Inc.

CONTACT: Kevin Borders, Vice President of Marketing and Product
Development and Secretary, PECO II, Inc., +1-419-468-7600

Web site: http://www.peco2.com/

Stoneridge Reports First-Quarter 2008 Results- Net Sales and Income Increase Year-over-Year- First-Quarter 2008 Net Income per Diluted Share Increases to $0.28, up 33% from 2007- Expects Full-Year Earnings of $0.75 to $0.85 per Diluted Share

WARREN, Ohio, May 2 /PRNewswire-FirstCall/ -- Stoneridge, Inc. today announced net sales of $203.1 million and net income of $6.5 million, or $0.28 per diluted share, for the first quarter ended March 31, 2008.

The improvement in first-quarter results was primarily attributable to new program sales, continuing strength in the European commercial market and a more favorable sales mix in the Company's North American electronics business. These improvements were accomplished despite a first-quarter production decline of approximately 26% in the medium- and heavy-duty truck market in North America.

Net sales increased $18.1 million, or 9.8 percent, to $203.1 million, compared with $185.0 million for the first quarter of 2007. The increase in net sales was primarily attributable to strong electronics sales in North America and Europe and the impact of foreign currency translation. The effect of foreign currency translation increased first-quarter net sales by approximately $3.8 million compared with the same period in 2007. The sales increase was partially offset by lower sales volume in the Company's North American light vehicle and commercial vehicle markets.

Net income for the first quarter was $6.5 million, or $0.28 per diluted share, compared with net income of $4.9 million, or $0.21 per diluted share, in the first quarter of 2007. The increase in net income was due primarily to strong electronics sales in North America and increased joint venture earnings. These favorable impacts were partially offset by $2.5 million in costs related to the Company's previously announced restructuring initiatives. In addition, the Company was subject to a higher effective tax rate in the 2008 first quarter which was primarily attributable to the restructuring costs associated with ceasing manufacturing operations at the Mitcheldean, UK facilities, which provided no tax benefit.

"We are encouraged by our first-quarter results given the difficult conditions in our North American markets and the magnitude of the restructuring initiatives under way," said John C. Corey, president and chief executive officer. "We are particularly pleased that our end-market diversification strategy has helped offset the weak demand in the North American light vehicle and commercial vehicle markets."

Net cash provided by operating activities for the quarter ended March 31, 2008 was $8.6 million, compared with net cash used of $(5.1) million for the quarter ended March 31, 2007. The increase of $13.7 million in cash provided by operating activities was primarily due to increased accounts payable balances in the current year.

Outlook

"In our January 31, 2008 fourth-quarter 2007 earnings release, we stated that we would not provide earnings guidance for 2008 at that time because of the previously announced IPO transaction filing in Brazil by the Company's PST Eletronica S.A. joint venture and the volatility and uncertainty in the capital and equity markets. Although we remain hopeful that PST can continue the IPO process this year, it is dependent on stabilization of the global equity markets. Therefore, at this time, we have decided to provide our initial outlook for the 2008 full year excluding any potential impact from an IPO transaction for our Brazilian joint venture," Corey said.

"Based on the current industry outlook, our expectation is for full-year 2008 net income per diluted share to be in the range of $0.75 to $0.85, an increase from our earnings of $0.71 in 2007," Corey said. "This anticipated increase includes approximately $9 million to $13 million in restructuring- related expenses after the expected benefit from a facility sale. We expect our new product sales and our ongoing cost-reduction initiatives to more than offset these restructuring expenses as well as the expected volume declines in certain markets."

Conference Call on the Web

A live Internet broadcast of Stoneridge's conference call regarding 2008 first-quarter results can be accessed at 11 a.m. Eastern time on Friday May 2, 2008, at http://www.stoneridge.com/, which will also offer a webcast replay.

About Stoneridge, Inc.

Stoneridge, Inc., headquartered in Warren, Ohio, is an independent designer and manufacturer of highly engineered electrical and electronic components, modules and systems principally for the automotive, medium- and heavy-duty truck, agricultural and off-highway vehicle markets. Net sales in 2007 were approximately $727.0 million. Additional information about Stoneridge can be found at http://www.stoneridge.com/.

Forward-Looking Statements

Statements in this release that are not historical fact are forward- looking statements, which involve risks and uncertainties that could cause actual events or results to differ materially from those expressed or implied in this release. Things that may cause actual results to differ materially from those in the forward-looking statements include, among other factors, the loss of a major customer; a significant change in automotive, medium- and heavy-duty truck or agricultural and off-highway vehicle production; a significant change in general economic conditions in any of the various countries in which the Company operates; labor disruptions at the Company's facilities or at any of the Company's significant customers or suppliers; the ability of the Company's suppliers to supply the Company with parts and components at competitive prices on a timely basis; customer acceptance of new products; and the failure to achieve successful integration of any acquired company or business. In addition, this release contains time-sensitive information that reflects management's best analysis only as of the date of this release. The Company does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the date of this release. Further information concerning issues that could materially affect financial performance related to forward-looking statements contained in this release can be found in the Company's periodic filings with the Securities and Exchange Commission.

STONERIDGE, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share data) (unaudited) Three Months Ended March 31, 2008 2007 Net Sales $203,070 $185,028 Costs and Expenses: Cost of goods sold 151,253 142,181 Selling, general and administrative 36,282 33,097 Restructuring charges 1,422 41 Operating Income 14,113 9,709 Interest expense, net 5,372 5,484 Equity in earnings of investees (3,819) (2,120) Loss on early extinguishment of debt 499 - Other loss, net 402 288 Income Before Income Taxes 11,659 6,057 Provision for income taxes 5,112 1,187 Net Income $6,547 $4,870 Basic net income per share $0.28 $0.21 Basic weighted average shares outstanding 23,286 22,990 Diluted net income per share $0.28 $0.21 Diluted weighted average shares outstanding 23,647 23,403 STONERIDGE, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands) March 31, December 31, 2008 2007 ASSETS (Unaudited) (Audited) Current Assets: Cash and cash equivalents $88,273 $95,924 Accounts receivable, less reserves of $5,495 and $4,736, respectively 136,983 122,288 Inventories, net 66,591 57,392 Prepaid expenses and other 19,662 15,926 Deferred income taxes 10,188 9,829 Total current assets 321,697 301,359 Long-Term Assets: Property, plant and equipment, net 91,853 92,752 Other Assets: Goodwill 65,720 65,176 Investments and other, net 43,173 39,454 Deferred income taxes 24,618 29,028 Total long-term assets 225,364 226,410 Total Assets $547,061 $527,769 LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities: Accounts payable $76,581 $69,373 Accrued expenses and other 58,023 47,198 Total current liabilities 134,604 116,571 Long-Term Liabilities: Long-term debt 189,000 200,000 Deferred income taxes 2,951 2,665 Other liabilities 2,363 2,344 Total long-term liabilities 194,314 205,009 Shareholders' Equity: Preferred Shares, without par value, authorized 5,000 shares, none issued - - Common Shares, without par value, authorized 60,000 shares, issued 24,687 and 24,601 shares and outstanding 24,668 and 24,209 shares, respectively, with no stated value - - Additional paid-in capital 154,898 154,173 Common Shares held in treasury, 19 and 373 shares, respectively, at cost (9) (383) Retained earnings 44,919 38,372 Accumulated other comprehensive income 18,335 14,027 Total shareholders' equity 218,143 206,189 Total Liabilities and Shareholders' Equity $547,061 $527,769 STONERIDGE, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands) (unaudited) Three Months Ended March 31, 2008 2007 OPERATING ACTIVITIES: Net cash provided by (used for) operating activities 8,623 (5,056) INVESTING ACTIVITIES: Capital expenditures (5,513) (6,807) Proceeds from sale of property, plant and equipment 36 35 Business acquisitions and other (1,061) - Net cash used for investing activities (6,538) (6,772) FINANCING ACTIVITIES: Repayments of long-term debt (11,000) - Share-based compensation activity, net 42 355 Premiums related to early extinguishment of debt (358) - Net cash (used for) provided by financing activities (11,316) 355 Effect of exchange rate changes on cash and cash equivalents 1,580 (142) Net change in cash and cash equivalents (7,651) (11,615) Cash and cash equivalents at beginning of period 95,924 65,882 Cash and cash equivalents at end of period $88,273 $54,267

Stoneridge, Inc.

CONTACT: Kenneth A. Kure, Corporate Treasurer and Director of Finance of
Stoneridge, Inc., +1-330-856-2443

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

CNS Response, Inc: rEEG(R) Research to be Presented at 38th National Council Conference

COSTA MESA, Calif., May 2 /PRNewswire-FirstCall/ -- CNS Response, Inc. (BULLETIN BOARD: CNSO) announced today that Dr. Daniel Hoffman, M.D., Chief Medical Officer, CNS Response, Dr. Henry Harbin, M.D., Board Member, CNS Response and Dr. James Greenblatt, M.D., Chief Medical Officer, Walden Behavioral Care Inpatient Psychiatry and Eating Disorder Programs, will deliver a presentation on Referenced EEG-guided personalized medicine and its potential for treating patients with behavioral disorders at the National Council for Community Behavioral Healthcare 38th National Council Conference.

The presentation, titled "Personalized Medicine in Psychiatry: Using EEG-Guided Medication Decisions," will offer an overview of the science and current results of using Quantitative EEG's to predict psychotropic medication responses. Specific research from CNS Response's Referenced EEG (rEEG) and Aspect Medical's BRITE study will be reviewed, including the use of rEEG for treatment refractory Eating Disorder Patients.

rEEG uses traditional electroencephalography (EEG) in conjunction with a normative database and a proprietary clinical (symptomatic) database to identify medication classes most likely to be needed and medications within those classes with the most probable treatment potential for each patient. The BRITE study predicts whether the SSRI's tested will alter certain EEG variables in order to predict a positive response within a few days of taking the medication. Implications for the future practice of psychiatry, including efficiency, cost savings, and effectiveness in treatment resistant populations, will be discussed.

The presentation, which is part of the Emerging Treatment Technologies track, will occur on Friday, May 2, 2008 from 3:45 p.m. to 5:15 p.m., EDT. The 38th National Council Conference is taking place in Boston, MA, at the Marriott Copley Place from May 1-3, 2008.

Further information on National Council for Community Behavioral Healthcare and the 38th National Council Conference can be found at http://www.thenationalcouncil.org/.

About CNS Response

CNS Response is a life-sciences data company whose patented system provides treatment guidance to psychiatrists and other physicians for patients with behavioral (mental or addictive) disorders. This technology allows CNS Response to create and provide simple reports ("rEEG(R) Reports") that specifically guide physicians to treatment strategies based on the patient's own physiology.

rEEG(R) utilizes traditional electroencephalography (EEG) in conjunction with a normative database and a proprietary clinical (symptomatic) database to identify the following: (1) medication classes most likely to be needed; and (2) medications within these classes with the most probable treatment potential for each patient. Reports are provided to physicians in a relationship analogous to that of a reference laboratory. Prospective, retrospective and field studies of treatment-resistant patients have reported treatment success of 70% or greater in managed care, outpatient psychiatric and residential substance abuse clinical settings.

In addition to providing analytical support to physicians, CNS Response is also an aid to pharmaceutical developers, who can use rEEG to (1) stratify study populations to improve the success of FDA clinical trials; (2) provide insight on effective therapeutic dosing of investigational drugs; (3) identify additional indications for psychiatric medications; (4) provide insight into effective drug combinations; and (5) discover opportunities for decision analytics and support. In addition to these applications, CNS Response continues to investigate the use of rEEG analysis for development of proprietary pharmaceutical opportunities.

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

Except for the historical information contained herein, the matters discussed are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements involve risks and uncertainties as set forth in the Company's filings with the Securities and Exchange Commission. These risks and uncertainties could cause actual results to differ materially from any forward-looking statements made herein.

Contacts: Investor Relations: Sara Ephraim (646) 536-7002 sephraim@theruthgroup.com Media: Jason Rando / Jennifer Saunders (646) 536-7033 / 7011 jrando@theruthgroup.com jsaunders@theruthgroup.com

CNS Response, Inc.

CONTACT: Investor Relations, Sara Ephraim, +1-646-536-7002,
sephraim@theruthgroup.com; or Media, Jason Rando, +1-646-536-7033,
jrando@theruthgroup.com, or Jennifer Saunders, +1-646-536-7011,
jsaunders@theruthgroup.com, all for CNS Response, Inc.

Web site: http://www.thenationalcouncil.org/

Sensis Chooses KIT digital to Provide End-to-End Digital Technology SolutionOwner of Yellow Pages(R) Directory Assets in Australia to Use KIT digital Video Tools for Premium Advertisers

NEW YORK, May 2 /PRNewswire-FirstCall/ -- KIT digital, a leading global provider of video enablement technology and interactive marketing solutions, announced a three-year agreement with Sensis, one of Australia's leading online information resource companies and publisher of the Yellow Pages(R) directory assets in Australia, to supply digital video technologies to Sensis' brands/businesses.

Under the agreement, KIT digital will provide development, integration and consulting services -- enabling Sensis to publish, manage and distribute video content for its key brands. KIT digital will also provide hosting, customer support and maintenance services.

"Sensis is blazing a trail that we expect to be replicated globally as more and more classified ad providers adopt multi-media applications. We believe this partnership will change the way classified sites promote their clients' content now and in the future," said Kaleil Isaza Tuzman, chairman and chief executive officer of KIT digital. "This agreement represents another enterprise-level international win and further validates the marketing-led sales strategy that we implemented in January 2008."

"We chose KIT digital for their expertise in developing and implementing custom, end-to-end digital video solutions. The combination of proprietary video technology and marketing expertise provides us with a platform that will be integral to monetizing our digital assets and enhancing our customers' experience," said Cheryl Vize, general manager, product capability of Sensis.

About KIT digital

KIT digital (formerly ROO Group) (BULLETIN BOARD: RGRP) is a global service provider enabling businesses to leverage their digital media assets and provide enhanced user experiences. Through its comprehensive, customizable online video platform, KIT Digital provides clients with an end- to-end solution to monetize online assets. Clients can publish, manage and distribute digital video content, build online communities and integrate advertising, as well as access approximately 100 KIT channels and 40,000 syndicated videos. KIT digital has offices in Dubai, Melbourne (Australia), New York, London, and Bogota (Colombia). For additional information, please visit http://www.kit-digital.com/

About Sensis

Sensis is Australia's leading information resource. Sensis' popular information services make complex lives simpler by helping Australians find, buy and sell. These services include Yellow(tm), White Pages(R), Trading Post(R), CitySearch(R), UBD(R), Gregory's(R) and Whereis(R). Sensis provides advertising services to 420,000 Australian businesses, of which 90 per cent are SMEs.

(R) and (TM) Registered trade mark and trade mark of Telstra Corporation limited (ABN 33 05 775 556) CitySearch(R) and the CitySearch logo are trade marks of CitySearch Australia Pty Ltd (ABN 8 076 673 857). Sensis Pty Ltd (ABN 30 007 23 9 2) has responsibility for production of Yellow Pages (R) and White Pages(R) directories and related products on behalf of Telstra Corporation Limited and for CitySearch(R) products for CitySearch Australia Pty Ltd and CitySearch Canberra Pty Ltd (ABN 89 082 883 85).

Forward-Looking Statements

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995 -- With the exception of historical information, the matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties. The actual future results of ROO Group, Inc. could differ significantly from those statements. Factors that could cause actual results to differ materially include risks and uncertainties such as the inability to finance the company's operations or expansion, inability to hire and retain qualified personnel, changes in the general economic climate, including rising interest rates and unanticipated events such as terrorist activities. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of such terms, or other comparable terminology. These statements are only predictions. Although we believe that the expectations reflected in the forward-looking statements are reasonable, such statements should not be regarded as a representation by the Company, or any other person, that such forward-looking statements will be achieved. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements. For further risk factors see the risk factors associated with our Company, review our SEC filings.

Contact: Investor Relations / Public Relations Todd Fromer / Rachel Hoey KCSA Strategic Communications (212) 896-1215 / 1220 tfromer@kcsa.com/ rhoey@kcsa.com

KIT digital

CONTACT: Todd Fromer, Investor Relations, +1-212-896-1215,
tfromer@kcsa.com, or Rachel Hoey, Public Relations, +1-212-896-1220,
rhoey@kcsa.com, both of KCSA Strategic Communications

Web site: http://www.kit-digital.com/

Sentry Technology Signs $770,000 Contract

RONKONKOMA, N.Y., May 2 /PRNewswire-FirstCall/ -- Sentry Technology Corporation (BULLETIN BOARD: SKVY) announced today, the signing of a contract to install comprehensive SentryVision(R) SmartTrack(TM) video surveillance and operational management systems in 8 locations of one of the world's largest courier companies. SmartTrack traveling systems are at the heart of the total solution that transmits video information over the customer's internal network via the SentryVision(R) Video Server. The system is designed to monitor package flow through the facilities while observing potential security threats. All sites are scheduled for completion by the end of May.

SmartTrack(TM) uses patented technology to transmit video images from one or two pan, tilt and zoom cameras traveling along an aluminum rail mounted on the ceiling. The camera carriage travels at high speeds and provides unobstructed views of people, goods and processes.

"We continue to have success with our OperationalVideo(TM) concept," said Peter L. Murdoch, President and CEO of Sentry Technology Corporation. "Providing operational controls in addition to safety and security using the same video system just makes sense. The return on investment is achieved much sooner and many more departments within an organization benefit from seeing the business real-time, instead of via printed reports after the fact."

Sentry Technology Corporation designs, manufactures, sells and installs a complete line of Closed Circuit Television (CCTV) solutions, Electro-Magnetic (EM) and RFID based Library Management systems as well as Radio Frequency (RF) and Electro-Magnetic (EM) EAS systems. The CCTV product line features SentryVision(R), SmartTrack, a proprietary, patented traveling Surveillance System. The Company's products are used by libraries to secure inventory and improve operating efficiency, by retailers to deter shoplifting and internal theft and by industrial and institutional customers to protect assets and people. For further information, please visit our website at http://www.sentrytechnology.com/.

This press release may include information that could constitute forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements may involve risk and uncertainties that could cause actual results to differ materially from any future results encompassed within the forward-looking statements. Factors that could cause or contribute to such differences include those matters disclosed in the Company's Securities and Exchange Commission filings.

Sentry Technology Corporation

CONTACT: Peter L. Murdoch, President & CEO, Sentry Technology
Corporation, +1-631-739-2100

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

Company News On-Call: http://www.prnewswire.com/comp/494538.html

Navidec Financial Services, Inc. Information Available Through S&P Market Access Program

DENVER, May 2 /PRNewswire-FirstCall/ -- Navidec Financial Services, Inc. (BULLETIN BOARD: NVDF) announced today that its company information will be made available via Standard & Poor's Market Access Program, an information distribution service that enables subscribing publicly traded companies to have their company information disseminated to users of Standard & Poor's Advisor Insight. The company information to be made available through this program includes share price, volume, dividends, shares outstanding, company financial position, and earnings. Standard & Poor's Advisor Insight is an Internet-based research engine used by more than 100,000 investment advisors. A public version of the site is available at http://www.advisorinsight.com/.

In addition, information about companies in Standard & Poor's Market Access Program will be available via S&P's Stock Guide database, which is distributed electronically to virtually all major quote vendors. As part of the program, a full description of XYZ Corp. will also be published in the Daily News section of Standard Corporation Records, a recognized securities manual for secondary trading in approximately 38 states under the Blue Sky Laws.

Navidec Financial Services, Inc.

Navidec Financial Services, Inc. is in the business of creating or acquiring a controlling interest in development stage enterprises with the expectation of further developing the enterprise and then taking the enterprise public. Navidec is currently developing Northsight, Inc., a 98% owned subsidiary, which is focused on providing residential real estate purchasers or investors bridge and permanent financing to purchase discounted or foreclosed residential real estate property.

Company information distributed through the Market Access Program is based upon information that Standard & Poor's considers to be reliable, but neither Standard & Poor's nor its affiliates warrant its completeness or accuracy, and it should not be relied upon as such. This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument.

Navidec Financial Services, Inc.

CONTACT: John McKowen of Navidec Financial Services, Inc.,
+1-303-222-1000, johnmckowen@navidec.com; or Standard & Poor's Customer
Contact, Richard Albanese, +1-212-438-3647, richard_albanese@sandp.com, or
Standard and Poor's Media Relations Contact, Michael Privitera,
+1-212-438-6679, michael_privitera@sandp.com

Web site: http://www.navidec.com/
http://www.advisorinsight.com/

Captaris Announces Release Date and Conference Call Time for 2008 First Quarter Financial Results

BELLEVUE, Wash., May 2 /PRNewswire-FirstCall/ -- Captaris, Inc. , a leading provider of software products that automate document-centric processes, today announced that it will report financial results for the 2008 first quarter before regular market trading on Friday, May 9th, 2008. The Company will host a conference call and webcast the same day to discuss financial results and other corporate events starting at 7:30 a.m. PT (10:30 a.m. ET).

What: Captaris 2008 First Quarter Financial Results Conference Call When: Friday, May 9th at 7:30 a.m. PT (10:30 a.m. ET) Web Cast: A live and archived web cast of the conference call can be accessed from the Investor Relations section of the Captaris website at http://www.captaris.com/ Dial In: To access the live conference call, dial (800) 240-2134 and give the company name "Captaris." Replay: An audio replay of the conference call can be accessed at (800) 405-2236. The replay will be available starting two hours after the call and remain in effect until Friday, May 16th at 11:59 PT. The required pass code is 11113910#. About Captaris, Inc.

Captaris, Inc. is a leading provider of software products that automate business processes, manage documents electronically and provide efficient information delivery. The products of Captaris and its subsidiaries Castelle and Captaris Document Technologies GmbH, including Captaris RightFax, Captaris Workflow, Captaris Alchemy, the FaxPress line of products, RecoStar, DOKuStar, DOKuStar Capture Suite, Single Click Entry, ID-Star, BUSY, Invoice CENTER, Tax CENTER, and Mail CENTER are distributed through a global network of leading technology partners. We have customers in financial services, healthcare, government and many other industries, and our products are installed in all of the Fortune 100 and many Global 2000 companies. Headquartered in Bellevue, Washington, Captaris was founded in 1982 and is publicly traded on the NASDAQ Global Market under the symbol CAPA. For more information please visit http://www.captaris.com/.

The following are registered trademarks and trademarks of Captaris: Captaris, Alchemy, RightFax and Captaris Workflow. FaxPress is a trademark of Castelle. RecoStar, DOKuStar, DOKuStar Capture Suite, Single Click Entry, ID-Star, BUSY, Invoice CENTER, Tax CENTER and Mail CENTER are trademarks of Captaris Document Technologies GmbH. All other brand names and trademarks are the property of their respective owners.

Captaris, Inc.

CONTACT: INVESTOR RELATIONS, Erika Simms, Treasury Analyst of Captaris,
Inc., +1-425-638-4048, InvestorRelations@Captaris.com

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

Centillium Communications to Announce First Quarter 2008 Financial Results on May 12, 2008

FREMONT, Calif., May 2 /PRNewswire-FirstCall/ -- Centillium Communications, Inc. , a leading provider of highly innovative communications processing technology, today announced that it has scheduled a conference call for May 12, 2008 to discuss the company's financial results for the first quarter ended March 31, 2008. Management will hold the conference call at 2:00 p.m. Pacific time/5:00 p.m. Eastern time. Centillium will release the company's financial results after the market closes that same day.

To listen to the conference call, please dial (210) 839-8948, passcode: Centillium. A taped replay will be made available approximately one hour after the conclusion of the call and will remain available for one week. To access the replay, dial (203) 369-1682. The conference call will also be simultaneously webcast over the Internet; visit the Investor Relations section of the Centillium Communications website at http://www.centillium.com/ to access the call from the site. This webcast will be recorded and available for replay on the Centillium website approximately two hours after the conclusion of the conference call until June 30, 2008.

About Centillium Communications, Inc.

Centillium Communications, Inc. delivers highly innovative communications processing technology for global systems vendors targeting service provider, enterprise and consumer markets. Centillium's high performance Systems-on-Chip (SoC) products power leading edge optical, Voice-over-Internet Protocol (VoIP), security and data systems requiring top quality, highly integrated, very low power processing solutions that help minimize the energy footprint of communications networks. With a long heritage of technology leadership and first-to-market product development, Centillium provides semiconductor solutions that keep customers and end users at the forefront of the communications evolution. Centillium is a global company with headquarters in Fremont, CA. Additional information is available at http://www.centillium.com/.

Centillium Communications and the Centillium Logo are trademarks of Centillium Communications, Inc. in the United States and certain other countries. All rights reserved.

Centillium Communications, Inc.

CONTACT: Hassan Parsa, Vice President, Business Development of
Centillium Communications, Inc., +1-510-771-3624, hparsa@centillium.com; or
Christina L. Carrabino of CLC Communications, Inc., +1-415-929-9307,
christina@clccommunication.com, for Centillium Communications, Inc.

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

Atmel Receives Frost & Sullivan's Technology Innovation Award for FingerChip(R) Biometric Sensor

SAN JOSE, Calif., May 2 /PRNewswire/ -- Atmel(R) Corporation was recently recognized for its development of the FingerChip(R) fingerprint sensor technology at the 2008 Frost & Sullivan Southeast Asia Industrial Technologies awards presentation in Kuala Lumpur, Malaysia. Mr. Yang Chiah Yee, Vice President of Asian Sales for Atmel, accepted the award on behalf of the Atmel FingerChip team.

Frost & Sullivan based its selection for this award on Atmel's continuous innovation in its patented fingerprint sensing technology and sensor solutions that enhances user experience with best-in-class false rejection performance and best durability. According to Frost & Sullivan, "This innovation allows for a robust competitively priced fingerprint swipe chip, which can also maintain a high accuracy during scanning and imaging. It is as a result of all these endeavors that Atmel is being recognized as the deserving recipient of the 2008 Frost & Sullivan Technology Innovation Award in the South East Asian biometrics market."

"We are honored to receive this award from Frost & Sullivan," said Mr. Yee. "The dedication of our scientific, design, and development teams has resulted in an excellent product for the biometric technology industry that sets the standard for high quality and reliable fingerprint sensors for the Asian and global markets."

Biometric technology is rapidly gaining momentum in Southeast Asia, where government agencies and private corporations alike are developing numerous projects ranging from physical access control to logical access for laptops and personal digital assistants (PDAs). Atmel's FingerChip sensor provides a high-quality solution for these developing markets.

The Atmel FingerChip sensor utilizes a thermal-based technology, highly sensitive to the slightest variation in fingerprint topographies, making it uniquely able to provide excellent image under difficult capture conditions. The technology also offers industry-leading ESD protection, mechanical robustness and strong fake finger rejection. Coupled with highly optimized matching engine, the FingerChip sensor achieves exceptional FAR/FRR performance and best user experience with minimal memory and processing power requirements.

About Atmel

Atmel is a worldwide leader in the design and manufacture of microcontrollers, advanced logic, mixed-signal, nonvolatile memory and radio frequency (RF) components. Leveraging one of the industry's broadest intellectual property (IP) technology portfolios, Atmel is able to provide the electronics industry with complete system solutions focused on consumer, industrial, security, communications, computing and automotive markets.

About Frost & Sullivan

Frost & Sullivan, the Growth Consulting Company, partners with clients to accelerate their growth. The company's Growth Partnership Services, Growth Consulting and Career Best Practices empower clients to create a growth focused culture that generates, evaluates and implements effective growth strategies. Frost & Sullivan employs over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 30 offices on six continents. For more information about Frost & Sullivan's Growth Partnerships, visit http://www.frost.com/.

(C) 2008 Atmel Corporation. All Rights Reserved. Atmel(R), logo and combinations thereof, FingerChip(R), and others, are registered trademarks, or trademarks of Atmel Corporation or its subsidiaries. Other terms and product names may be trademarks of others.

Information:

Atmel's FingerChip fingerprint sensor product information may be retrieved at http://www.atmel.com/products/Biometrics/

Press Contacts: Nancy Moore, Marketing Communications Manager Tel: +719 540 3262, Email Nancy.Moore@atmel.com Helen Perlegos, Public Relations Tel: (+1) 408 487-2963, Email: hperlegos@atmel.com

Atmel Corporation

CONTACT: Nancy Moore, Marketing Communications Manager, +1-719-540-3262,
Nancy.Moore@atmel.com, or Helen Perlegos, Public Relations, +1-408-487-2963,
hperlegos@atmel.com, both of Atmel Corporation

Web site: http://www.atmel.com/
http://www.frost.com/

Webcast Alert: FiberNet Telecom Group Announces Conference Call to Discuss First Quarter Results, May 9, 2008 at 11am EDT

NEW YORK, May 2 /PRNewswire-FirstCall/ -- FiberNet Telecom Group announces the following Webcast:

What: FiberNet Telecom Group Webcast When: May 9, 2008 @ 11am EDT Where: http://www.videonewswire.com/event.asp?id=48354 How: Live over the Internet -- Simply log on to the web at the address above. Contact: Norma Salcido at FiberNet Telecom Group, +1-212-405-6210.

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

FiberNet Telecom Group, Inc. owns and operates integrated interconnection facilities and diverse transport routes in the two gateway markets of New York/New Jersey and Los Angeles, designed to provide comprehensive broadband interconnectivity enabling the exchange of traffic over multiple networks. FiberNet's customized connectivity infrastructure provides an advanced, high bandwidth, fiber-optic solution to support the demand for network capacity and to facilitate the interconnection of multiple carriers' and customers' networks. For additional information about FiberNet, visit the company's website at http://www.ftgx.com/.

Audio: http://www.videonewswire.com/event.asp?id=48354 FiberNet Telecom Group

CONTACT: Norma Salcido of FiberNet Telecom Group, +1-212-405-6210

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

FiberNet Announces Conference Call to Discuss First Quarter Results, May 9, 2008 at 11am EDT

NEW YORK, May 2 /PRNewswire-FirstCall/ -- FiberNet Telecom Group, Inc. , a leading provider of complex interconnection services, today announced that it will have a teleconference on Friday, May 9, 2008, at 11:00 a.m. EDT. The Company will discuss its first quarter results for 2008. A live and on-demand webcast of the conference call will be posted at http://www.ftgx.com/ and http://www.prnewswire.com/.

Date & Time: -- Friday, May 9, 2008 -- 11:00 a.m. EDT/ 8:00 a.m. PDT Teleconference Information: -- To participate in the teleconference, please call: 800.591.6944; When calling from outside the U.S., please call: 617.614.4910. -- Enter pass code 306 840 76. -- Please call at least 10 minutes prior to the time the conference is set to begin. Replay Information: -- A replay of the teleconference will be available beginning Friday, May 9, 2008, 1:00 p.m. EDT/10:00 a.m. PDT through Friday, May 23, 2008. -- To listen to the replay by phone, call 888-286-8010 and enter pass code 55477761. From outside the U.S. please call 617-801-6888 and enter the pass code. About FiberNet Telecom Group, Inc.

FiberNet Telecom Group, Inc. owns and operates integrated colocation facilities and diverse transport routes in the two gateway markets of New York/New Jersey and Los Angeles, designed to provide comprehensive broadband interconnectivity enabling the exchange of traffic over multiple networks. FiberNet's customized connectivity infrastructure provides an advanced, high bandwidth, fiber-optic solution to support the demand for network capacity and to facilitate the interconnection of multiple carriers' and customers' networks. For additional information about FiberNet, visit the company's website at http://www.ftgx.com/.

Various remarks that we may make about FiberNet's future expectations, plans and prospects constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Such remarks are valid only as of today, and we disclaim any obligation to update this information. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors, including those discussed in FiberNet's most recent Annual Report on Form 10-K, which is on file with the Securities and Exchange Commission.

FiberNet Telecom Group, Inc.

CONTACT: Norma I. Salcido of FiberNet Telecom Group, Inc.,
+1-212-405-6210, investor.relations@ftgx.com

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

Moog Announces Acquisition in Space and Defense Segment

EAST AURORA, N.Y., May 2 /PRNewswire-FirstCall/ -- Moog Inc. announced today the acquisition of the stock of CSA Engineering Inc. (CSA) for $14.8 million, including $12.8 million in cash and a $2 million note. CSA is a privately held Mountain View, California, company specializing in systems for vibration suppression, precision motion control and dynamic testing of structures.

CSA's engineering staff designs and supplies equipment to the space, defense, aircraft and industrial markets. CSA's specialized applications include satellite payload isolation systems, ground based test systems for space and missile hardware, tuned mass dampers for vibration control and a jitter reduction control system for the Airborne Laser optical bench. Sales in the most recent year were $14 million.

"CSA's engineers are recognized experts in the area of vibration and motion control. We look forward to continued strong performance in their heritage applications along with the growth that will result from integrating their technology into Moog products and systems," said Jay Hennig, President of the Space and Defense segment of Moog.

The acquisition will add approximately $6 million to Moog's fiscal year 2008 sales. Due to first year purchase accounting adjustments, this acquisition will be neutral to Moog's earnings per share for fiscal 2008.

Moog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog's high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, marine and medical equipment. Additional information about the company can be found at http://www.moog.com/.

Cautionary Statement

Information included herein or incorporated by reference that does not consist of historical facts, including statements accompanied by or containing words such as "may," "will," "should," "believes," "expects," "expected," "intends," "plans," "projects," "estimates," "predicts," "potential," "outlook," "forecast," "anticipates," "presume" and "assume," are forward- looking statements. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are not guarantees of future performance and are subject to several factors, risks and uncertainties, the impact or occurrence of which could cause actual results to differ materially from the expected results described in the forward-looking statements. These important factors, risks and uncertainties include (i) fluctuations in general business cycles for commercial aircraft, military aircraft, space and defense products, industrial capital goods and medical devices, (ii) our dependence on government contracts that may not be fully funded or may be terminated, (iii) our dependence on certain major customers, such as The Boeing Company and Lockheed Martin, for a significant percentage of our sales, (iv) the possibility that the demand for our products may be reduced if we are unable to adapt to technological change, (v) intense competition which may require us to lower prices or offer more favorable terms of sale, (vi) our significant indebtedness which could limit our operational and financial flexibility, (vii) the possibility that new product and research and development efforts may not be successful which could reduce our sales and profits, (viii) increased cash funding requirements for pension plans, which could occur in future years based on assumptions used for our defined benefit pension plans, including returns on plan assets and discount rates, (ix) a write-off of all or part of our goodwill, which could adversely affect our operating results and net worth and cause us to violate covenants in our bank agreements, (x) the potential for substantial fines and penalties or suspension or debarment from future contracts in the event we do not comply with regulations relating to defense industry contracting, (xi) the potential for cost overruns on development jobs and fixed price contracts and the risk that actual results may differ from estimates used in contract accounting, (xii) the possibility that our subcontractors may fail to perform their contractual obligations, which may adversely affect our contract performance and our ability to obtain future business, (xiii) our ability to successfully identify and consummate acquisitions, and integrate the acquired businesses and the risks associated with acquisitions, including that the acquired businesses do not perform in accordance with our expectations, and that we assume unknown liabilities in connection with the acquired businesses for which we are not indemnified, (xiv) our dependence on our management team and key personnel, (xv) the possibility of a catastrophic loss of one or more of our manufacturing facilities, (xvi) the possibility that future terror attacks, war or other civil disturbances could negatively impact our business, (xvii) that our operations in foreign countries could expose us to political risks and adverse changes in local, legal, tax and regulatory schemes, (xviii) the possibility that government regulation could limit our ability to sell our products outside the United States, (xix) product quality or patient safety issues with respect to our medical devices business that could lead to product recalls, withdrawal from certain markets, delays in the introduction of new products, sanctions, litigation, declining sales or actions of regulatory bodies and government authorities, (xx) the impact of product liability claims related to our products used in applications where failure can result in significant property damage, injury or death and in damage to our reputation, (xxi) the possibility that litigation may result unfavorably to us, (xxii) our ability to adequately enforce our intellectual property rights and the possibility that third parties will assert intellectual property rights that prevent or restrict our ability to manufacture, sell, distribute or use our products or technology, (xxiii) foreign currency fluctuations in those countries in which we do business and other risks associated with international operations and (xxiv) the cost of compliance with environmental laws. The factors identified above are not exhaustive. New factors, risks and uncertainties may emerge from time to time that may affect the forward-looking statements made herein. Given these factors, risks and uncertainties, investors should not place undue reliance on forward-looking statements as predictive of future results. We disclaim any obligation to update the forward-looking statements made in this report.

Moog Inc.

CONTACT: Ann Marie Luhr, +1-716-687-4225

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

RDM Corporation Announces Normal Course Issuer Bid

WATERLOO, ON, May 2 /PRNewswire-FirstCall/ -- RDM Corporation (TSX: RC), a leading developer of specialized software and hardware products for electronic payment processing, announced today that its Board of Directors has approved a normal course issuer bid for the purchase of up to 1,074,391 common shares, representing approximately 5 per cent of the issued and outstanding common shares as of May 1, 2008. Subject to regulatory approval, the Company proposes to purchase the shares during the 12 month period commencing two trading days following the date of acceptance by the TSX of the Company's notice of intention to make a normal course issuer bid. All purchases will be made through the facilities of the TSX at prevailing market prices in accordance with regulatory requirements. RDM will cancel any common shares purchased pursuant to the normal course issuer bid.

RDM's Board of Directors believes the Company's common shares are currently an attractive investment and that normal course purchases at recent market prices represent an attractive investment and a desirable use of its available funds. As at May 1, 2008, the Company had 21,487,826 issued and outstanding common shares.

About RDM Corporation

RDM Corporation is headquartered in Waterloo, Ontario and trades on the Toronto Stock Exchange under the symbol RC. RDM is a leading provider of specialized software and hardware products for electronic payment processing. RDM has pioneered electronic check conversion systems and web based image and transaction management services for banks, retailers, payment processors and government agencies as well as print quality control and image quality systems for a variety of global customers. For further information, visit RDM's website at http://www.rdmcorp.com/.

RDM Corporation

CONTACT: Douglas Newman, President & CEO, RDM Corporation, (519)
746-8483, (519) 746-3317 fax, dnewman@rdmcorp.com; James Merwin, Chief
Financial Officer, RDM Corporation, (519) 746-8483, (519) 746-3317 fax,
jmerwin@rdmcorp.com

IntercontinentalExchange Reports Record Revenues and Net Income for First Quarter 2008- 1Q08 Net Income Rises 66% to Record $92.3 MM; 1Q08 EPS of $1.29- 1Q08 Revenues Up 64% to Record $207.2 MM- Record Quarterly Volume Exceeds 100 Million Contracts

ATLANTA, May 2 /PRNewswire-FirstCall/ -- IntercontinentalExchange, Inc. , a leading operator of global exchanges and over-the-counter (OTC) markets, reported record consolidated net income for the first quarter of 2008 of $92.3 million, a 66% increase compared to $55.6 million for the first quarter of 2007. Diluted earnings per share (EPS) in the first quarter were $1.29, an increase of 61% over the prior year's first quarter of $0.80. Consistent with prior guidance, first quarter EPS was reduced by $0.02 per share due to costs associated with the closure of the futures pits at ICE Futures U.S.(TM). Consolidated revenues in the first quarter increased 64% to a record $207.2 million, from $126.6 million in the first quarter of 2007. This marks ICE's ninth consecutive quarter of record revenues.

ICE's futures exchanges achieved record volume in the first quarter of 2008, increasing 39% to 62.5 million contracts. During the quarter, average daily volume (ADV) exceeded 1 million contracts for the first time: ADV for ICE Futures Europe(TM) was 616,150 contracts; ADV for ICE Futures U.S. was 370,372 contracts; and ADV for ICE Futures Canada(TM) was 18,190 contracts. Average daily commissions for ICE's global OTC segment during the first quarter of 2008 rose 70% to a record $1,280,223. For acquired businesses, volume and commission levels reflect only the time period after the closing date of each transaction. ICE Futures U.S., formerly the New York Board of Trade, was acquired on January 12, 2007 and ICE Futures Canada, formerly the Winnipeg Commodity Exchange, was acquired on August 27, 2007.

"ICE's record first quarter is a result of our strategy to serve the rising demand for commodity price transparency, which enables efficient markets, hedging and risk management," said Jeffrey C. Sprecher, ICE Chairman and Chief Executive Officer. "We have numerous initiatives underway to support growth across new and existing asset classes. Our organic growth remains strong despite the broader credit market issues over the past three quarters, and we have experienced record transaction volume in our markets this year. We look forward to the launch of our European clearing house, which will further enhance credit intermediation in ICE's markets and beyond."

Sprecher continued: "We have been very focused on entering the equity index business and facilitating the transition of the Russell Index futures to ICE. Usage of Russell's U.S. indexes is at an all-time high, demonstrating the strong value in the Russell franchise and illustrating its potential impact to our business as exclusive trading of Russell equity futures products begins on ICE this fall. With the fastest matching engine in the futures markets today, we are continuing to offer additional user benefits through our extensive and ongoing technology enhancements. Finally, we continue to evaluate a range of M&A opportunities to expand our position as one of the most diversified and global derivatives markets in the world."

First Quarter 2008 Results

ICE's first quarter 2008 consolidated revenues increased 64% to $207.2 million compared to $126.6 million in the first quarter of 2007. Consolidated transaction revenues increased 62% to $177.4 million in the first quarter of 2008, from $109.3 million in the first quarter of 2007. The increase in transaction revenue was driven primarily by new products, strong trading volume in our futures and global OTC segments, and the entry of new participants in ICE's markets.

Transaction revenues in ICE's futures segment, comprising ICE Futures Europe, ICE Futures U.S. and ICE Futures Canada, totaled $97.4 million in the first quarter of 2008, an increase of 57% over $62.1 million in the same period in 2007.

In the first quarter of 2008, ICE Futures Europe recorded volume of 38.8 million contracts. ADV for ICE's European futures business rose to a record 616,150 contracts, an increase of 16% compared to the first quarter of 2007. The average rate per contract (RPC) for ICE Futures Europe in the first quarter was $1.25. ICE Futures U.S. and ICE Futures Canada recorded first quarter volume of 22.6 million contracts and 1.1 million contracts, respectively. ADV for ICE Futures U.S. was a record 370,372 contracts in the first quarter of 2008, a 79% increase compared to the same period in 2007. ADV for ICE Futures Canada was a record 18,190 contracts during the quarter, a 45% increase compared to the year-ago period. First quarter RPC for ICE Futures U.S. agricultural futures and options contracts was $2.14.

First quarter 2008 transaction revenues in the global OTC segment increased 69% to $80.0 million, compared to $47.3 million in the same period in 2007. Average daily commissions increased 70% to a record $1,280,223, compared to $754,499 in the first quarter of 2007. Average daily commissions reflect daily trading activity in ICE's OTC markets. Cleared contracts accounted for 89% of OTC contract volume during the first quarter of 2008.

Consolidated market data revenues increased 76% during the first quarter of 2008 to $24.7 million compared to $14.0 million in the same period in 2007. Consolidated other revenues increased $1.8 million during the first quarter to $5.1 million from $3.2 million in the same period in 2007.

Consolidated operating expenses for the first quarter of 2008 were $62.9 million, an increase of 34% compared to $47.0 million in the same period of 2007. This rise is primarily attributable to increased depreciation and amortization expenses recorded on fixed and intangible asset additions associated with acquisitions, increased non-cash compensation expenses, severance costs due to the closure of the futures pits at ICE Futures U.S., and professional services expenses relating to the establishment of ICE Clear Europe. Amortization expenses on acquired intangibles were $3.4 million for the first quarter of 2008 compared to $1.9 million in the same period of 2007. Floor closure costs during the first quarter, which primarily related to severance costs, were $2.1 million, reducing reported EPS for the quarter by $0.02 per share. Non-cash compensation for the quarter was $7.9 million, compared to $3.8 million in the first quarter of 2007. Expenses relating to the establishment of ICE Clear Europe were in line with guidance at $2.3 million during the first quarter of 2008, compared to $0.5 million in the first quarter of the prior year.

First quarter 2008 consolidated operating income was $144.3 million, up 81% compared to $79.6 million in the first quarter of 2007. Operating margin was 70% for the first quarter of 2008, compared to 63% for the same period in 2007.

Other income decreased $8.8 million year-to-year, primarily due to a $9.3 million gain recognized for the completed sale of the company's UK disaster recovery facility in the first quarter of 2007.

The effective tax rate for the first quarter of 2008 was 35.2% compared to 36.7% for the first quarter of 2007.

Additional Information -- ICE had 512 employees, including 18 from the acquisition of YellowJacket Software, Inc., at March 31, 2008. ICE expects headcount to increase between 5% and 10% during 2008, excluding headcount additions relating to any new acquisitions. -- ICE reiterates its non-cash compensation expense guidance in the range of $32 million to $34 million for 2008, assuming certain full-year performance targets are achieved. If performance targets are exceeded, non-cash compensation expense could increase by up to 45%. Non-cash compensation expense guidance will be provided quarterly to reflect updated business performance relative to targets. -- ICE has decreased expectations for depreciation and amortization for 2008 to a range of $50 million to $54 million. This includes amortization relating to the exclusive license for U.S. Russell Index futures of $0.7 million in the third quarter and $6.5 million in the fourth quarter. ICE will also continue to record $1.5 million in interest expense relating to the license in each quarter of 2008. -- ICE's consolidated tax rate is expected to be in the range of 34% to 36% for 2008. -- ICE forecasts the diluted share count for the second quarter of 2008 to be in the range of 71.1 million to 71.9 million weighted average shares outstanding, and the diluted share count for fiscal year 2008 to be in the range of 71.1 million to 72.1 million weighted average shares outstanding. -- ICE Clear Europe is expected to commence operations in July 2008. Development expenses for ICE Clear Europe incurred in 2007 and 2008 total approximately $7 million to date, in-line with guidance. Earnings Conference Call Information

ICE will hold a conference call today, May 2, at 8:30 a.m. ET to review its first quarter financial results. A live audio webcast of the earnings call will be available on the company's website at http://www.theice.com/ under About ICE/Investors & Media. Participants may also listen via telephone by dialing (888) 211-9951 if calling from the United States, or (913) 312-0827 if dialing from outside of the United States. For participants on the telephone, please place your call ten minutes prior to the start of the call.

The call will be archived on the company's website for replay. A telephone replay of the earnings call will also be available at (888) 203-1112 for callers within the United States and at (719) 457-0820 for callers outside of the United States. The passcode for the replay is 9403070.

Historical futures volume and OTC commission data can be found at: http://ir.theice.com/supplemental.cfm

About IntercontinentalExchange

IntercontinentalExchange(R) is a leading operator of global exchanges and over-the-counter (OTC) markets. ICE offers futures and OTC markets on a single trading platform, including markets for crude oil and refined products, natural gas, power and emissions, as well as agricultural commodities and financial products such as canola, cocoa, coffee, cotton, ethanol, orange juice, wood pulp, sugar, foreign currency and equity index futures and options. ICE(R) conducts its energy futures markets, including the leading oil benchmark contracts, through its London-based exchange, ICE Futures Europe(TM). ICE conducts its global agricultural commodity, foreign exchange and equity index futures markets through its U.S. and Canadian exchanges, ICE Futures U.S.(TM) and ICE Futures Canada(TM), and offers clearing services through ICE Clear U.S.(TM) and ICE Clear Canada(TM). ICE's state-of-the-art electronic trading platform serves market participants in more than 55 countries. ICE is included in the Russell 1000(R) Index and the S&P 500 Index. Headquartered in Atlanta, ICE has offices in Calgary, Chicago, Houston, London, New York, Singapore and Winnipeg. For more information, please visit http://www.theice.com/.

Forward-Looking Statements

This press release may contain "forward-looking statements" made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements regarding IntercontinentalExchange's business that are not historical facts are forward-looking statements that involve risks, uncertainties and assumptions that are difficult to predict. These statements are not guarantees of future performance and actual outcomes and results may differ materially from what is expressed or implied in any forward-looking statement. The factors that might affect our performance, include, but are not limited to: our business environment; increasing competition and consolidation in our industry; technological developments, including clearing developments; our initiative to establish a European clearing house; the accuracy of our cost estimates and expectations; adjustments to exchange fees or commission rates; our belief that cash flows will be sufficient to fund our working capital needs and capital expenditures, at least through the end of 2009; our ability to increase the connectivity to our marketplace; our ability to develop new products and services and pursue strategic acquisitions and alliances on a timely, cost-effective basis; maintaining existing market participants and attracting new ones; protecting our intellectual property rights and our ability to operate our business without violating the intellectual property rights of others; changes in domestic and foreign regulations or government policy; adverse litigation results; our belief that our electronic trade confirmation service could attract new market participants; our belief in our electronic platform and disaster recovery system technologies and the ability to gain access to comparable products and services if our key technology contracts were terminated; and the risk that acquired businesses will not be integrated successfully or the revenue opportunities, cost savings and other anticipated synergies from mergers or acquisitions may not be fully realized or may take longer to realize than expected. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2007, as filed with the SEC on February 13, 2008. This filing is also available in the Investors & Media section of our website. You should not place undue reliance on forward-looking statements, which speak only as of the date of this press release. Except for any obligations to disclose material information under the Federal securities laws, ICE undertakes no obligation to publicly update any forward-looking statements to reflect events or circumstances after the date of this press release.

Consolidated Unaudited Financial Statements INTERCONTINENTALEXCHANGE, INC. AND SUBSIDIARIES CONSOLIDATED UNAUDITED STATEMENTS OF INCOME (IN THOUSANDS, EXCEPT PER SHARE AMOUNTS) Three Months Ended March 31, 2008 2007 Revenues: Transaction fees, net $177,432 $109,341 Market data fees 24,720 14,019 Other 5,062 3,248 Total revenues 207,214 126,608 Operating expenses: Compensation and benefits 30,679 21,758 Professional services 6,972 4,863 Patent royalty - 1,705 Selling, general and administrative 14,337 12,130 Depreciation and amortization 10,946 6,509 Total operating expenses 62,934 46,965 Operating income 144,280 79,643 Other income (expense): Interest and investment income 2,919 2,824 Interest expense (5,134) (3,795) Other income, net 354 9,192 Total other income (expense), net (1,861) 8,221 Income before income taxes 142,419 87,864 Income tax expense 50,129 32,278 Net income $92,290 $55,586 Earnings per common share: Basic $1.31 $0.82 Diluted $1.29 $0.80 Weighted average common shares outstanding: Basic 70,361 67,534 Diluted 71,348 69,758 INTERCONTINENTALEXCHANGE, INC. AND SUBSIDIARIES CONSOLIDATED UNAUDITED BALANCE SHEET (IN THOUSANDS) March 31, 2008 ASSETS Current assets: Cash and cash equivalents $215,877 Restricted cash 18,146 Short-term investments 60,776 Customer accounts receivable, net 74,524 Margin deposits and guaranty funds 945,511 Prepaid expenses and other current assets 19,506 Total current assets 1,334,340 Property and equipment, net 62,683 Other noncurrent assets: Goodwill 1,054,500 Other intangible assets, net 544,516 Cost method investments 38,778 Long-term investments 9,375 Other noncurrent assets 8,743 Total other noncurrent assets 1,655,912 Total assets $3,052,935 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Accounts payable and accrued liabilities $25,073 Accrued salaries and benefits 6,975 Current portion of licensing agreement 11,057 Current portion of long-term debt 37,500 Income taxes payable 21,655 Margin deposits and guaranty funds 945,511 Other current liabilities 6,769 Total current liabilities 1,054,540 Noncurrent liabilities: Noncurrent deferred tax liability, net 111,213 Long-term debt 175,000 Noncurrent portion of licensing agreement 88,174 Unearned government grant 8,301 Other noncurrent liabilities 21,221 Total noncurrent liabilities 403,909 Total liabilities 1,458,449 SHAREHOLDERS' EQUITY: Common stock 715 Treasury stock, at cost (56,617) Additional paid-in capital 1,097,760 Retained earnings 523,998 Accumulated other comprehensive income 28,630 Total shareholders' equity 1,594,486 Total liabilities and shareholders' equity $3,052,935

IntercontinentalExchange, Inc.

CONTACT: Investors, Kelly Loeffler, VP, Investor Relations & Corp.
Communications, +1-770-857-4726, kelly.loeffler@theice.com, or Sarah Stashak,
Director, Investor & Public Relations, +1-770-857-0340,
sarah.stashak@theice.com, both of IntercontinentalExchange, Inc.; or Media,
Ellen Resnick of Crystal Clear Communications, +1-773-929-9292 (o), or
+1-312-399-9295 (c), eresnick@crystalclearPR.com, for
IntercontinentalExchange, Inc.

Web site: http://www.theice.com/
http://ir.theice.com/supplemental.cfm

Atmel Receives Frost & Sullivan's Technology Innovation Award for FingerChip(R) Biometric Sensor

SAN JOSE, California, May 2 /PRNewswire/ --

Atmel(R) Corporation (Nasdaq: ATML) was recently recognized for its development of the FingerChip(R) fingerprint sensor technology at the 2008 Frost & Sullivan Southeast Asia Industrial Technologies awards presentation in Kuala Lumpur, Malaysia. Mr. Yang Chiah Yee, Vice President of Asian Sales for Atmel, accepted the award on behalf of the Atmel FingerChip team.

Frost & Sullivan based its selection for this award on Atmel's continuous innovation in its patented fingerprint sensing technology and sensor solutions that enhances user experience with best-in-class false rejection performance and best durability. According to Frost & Sullivan, "This innovation allows for a robust competitively priced fingerprint swipe chip, which can also maintain a high accuracy during scanning and imaging. It is as a result of all these endeavors that Atmel is being recognized as the deserving recipient of the 2008 Frost & Sullivan Technology Innovation Award in the South East Asian biometrics market."

"We are honored to receive this award from Frost & Sullivan," said Mr. Yee. "The dedication of our scientific, design, and development teams has resulted in an excellent product for the biometric technology industry that sets the standard for high quality and reliable fingerprint sensors for the Asian and global markets."

Biometric technology is rapidly gaining momentum in Southeast Asia, where government agencies and private corporations alike are developing numerous projects ranging from physical access control to logical access for laptops and personal digital assistants (PDAs). Atmel's FingerChip sensor provides a high-quality solution for these developing markets.

The Atmel FingerChip sensor utilizes a thermal-based technology, highly sensitive to the slightest variation in fingerprint topographies, making it uniquely able to provide excellent image under difficult capture conditions. The technology also offers industry-leading ESD protection, mechanical robustness and strong fake finger rejection. Coupled with highly optimized matching engine, the FingerChip sensor achieves exceptional FAR/FRR performance and best user experience with minimal memory and processing power requirements.

About Atmel

Atmel is a worldwide leader in the design and manufacture of microcontrollers, advanced logic, mixed-signal, nonvolatile memory and radio frequency (RF) components. Leveraging one of the industry's broadest intellectual property (IP) technology portfolios, Atmel is able to provide the electronics industry with complete system solutions focused on consumer, industrial, security, communications, computing and automotive markets.

About Frost & Sullivan

Frost & Sullivan, the Growth Consulting Company, partners with clients to accelerate their growth. The company's Growth Partnership Services, Growth Consulting and Career Best Practices empower clients to create a growth focused culture that generates, evaluates and implements effective growth strategies. Frost & Sullivan employs over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 30 offices on six continents. For more information about Frost & Sullivan's Growth Partnerships, visit http://www.frost.com.

(C) 2008 Atmel Corporation. All Rights Reserved. Atmel(R), logo and combinations thereof, FingerChip(R), and others, are registered trademarks, or trademarks of Atmel Corporation or its subsidiaries. Other terms and product names may be trademarks of others.

Information:

Atmel's FingerChip fingerprint sensor product information may be retrieved at http://www.atmel.com/products/Biometrics/

Press Contacts: Nancy Moore, Marketing Communications Manager Tel: +1-719-540-3262, Email Nancy.Moore@atmel.com Helen Perlegos, Public Relations Tel: +1-408-487-2963, Email: hperlegos@atmel.com Web site: http://www.atmel.com http://www.frost.com

Atmel Corporation

Nancy Moore, Marketing Communications Manager, +1-719-540-3262, Nancy.Moore@atmel.com, or Helen Perlegos, Public Relations, +1-408-487-2963, hperlegos@atmel.com, both of Atmel Corporation

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