RDM Corporation Reports Second Quarter ResultsITMS(R) Transaction Volume Reaches 2.5 Million per WeekToronto Stock Exchange Symbol: RC

WATERLOO, ON, May 2 /PRNewswire-FirstCall/ -- RDM Corporation (TSX: RC), a leading provider of solutions for the electronic commerce and payment processing markets, today reported its financial results for the three month period ended March 31, 2007.

Q2 2008 Highlights - Transaction volumes for RDM's Image & Transaction Management System (ITMS(R)) averaged 2.5 million items per week during the second quarter of fiscal 2008, compared to 1.3 million items per week a year earlier, and 2.1 million items per week during Q1 2008. - ITMS(R) end user locations increased from 10,000 to 11,500 during the second quarter. - Total revenues were $6.8 million in Q2 2008, compared to $7.9 million in Q2 2007. - Digital Imaging segment revenues were $5.6 million, compared to $6.5 million a year earlier. - Gross profit was $2.7 million or 39% of revenues, compared to $3.4 million or 43% of revenues in Q2 2007. - Net loss was $269,000 or $(0.01) per share in the second quarter of 2008, compared to net earnings of $587,000 or $0.03 per share a year earlier. - Cash and equivalents at March 31, 2008 were $17.9 million. - The Company shipped 10,300 proprietary scanner units in the second quarter of 2008, compared to 11,990 in the second quarter of 2007, and 10,700 in the first quarter of 2008. - RDM added one additional bank distributor and two resellers during the quarter. Subsequent Events - Subsequent to quarter-end, the Company announced the release of three new products: RDM SYNERGY II, the second generation of its all-in-one payment terminal; the fourth generation of ITMS WebClient software product; and Simply Deposit(TM), a remote deposit capture solution designed specifically for the needs of small businesses.

"Our ITMS business continues to grow rapidly. We added 1,500 end user locations during the second quarter and processed an additional 350,000 items per week," said Douglas Newman, President and CEO of RDM Corporation. "The recent launch of our Simply Deposit(TM) solution will broaden our reach and help us better serve the small business market which has been estimated to include more than 14 million businesses. I feel very confident in RDM's long-term prospects for growth in the remote deposit capture space."

Mr. Newman continued: "Scanner sales during the quarter were disappointing, however, as the timing of certain anticipated orders was delayed. Furthermore, the exchange rate continues to impact our year-over-year reported revenues. While we expect to see growth in the second half of the year, we do not expect our full-year revenues to exceed the total reported in fiscal 2007, which included an unusually strong first quarter.

Financial Review

RDM recorded revenues of $6.8 million in the three months ended March 31, 2008, a decrease of $1.1 million from the comparable period of fiscal 2007. The decrease in reported revenue was primarily caused by the rapid appreciation over the past year of the Canadian dollar compared to the U.S. dollar, the currency in which virtually all of the Company's revenues are generated. The Digital Imaging segment generated $5.6 million of revenues, a decrease of 14% from Q2 2007, as lower scanner sales were only partially offset by the continued growth in ITMS revenues.

Revenues in the Electronic Payments Solutions segment, comprised of custom development projects for government agencies and financial institution customers, were $805,000 in Q2 2008, in line with management expectations and 4% higher than the $774,000 recorded a year earlier. Revenues in the Quality Assurance segment, comprised of quality control products sold to commercial check printers and processors, were below expectations at $389,000, compared to $594,000 in Q2 2007. Both segments made a positive contribution to operating income.

Gross profit was $2.7 million in Q2 2008 compared to $3.3 million in the second quarter of 2007. Expressed as a percentage of revenue, gross margin was 39% in Q2 2008 compared to 43% a year earlier, due to the negative impact of exchange rates and a change in product mix.

Sales and marketing expense increased to $1.2 million from $0.9 million in Q2 2007, as efforts were focused on signing new ITMS banks, preparing for the introduction of a batch scanner, and the launch of Simply Deposit(TM). Research and development expenses were flat at $0.9 million as the Company continued to invest in new product development. General and administration expenses were also unchanged at $0.5 million for the quarter.

RDM recorded a net loss of $269,000 in the second quarter of 2008, or $(0.01) per share, compared to net earnings of $587,000 or $0.03 per share a year earlier. The decrease was primarily attributable to the dramatic change in exchange rates and the increase in sales and marketing efforts. The Company had 21,487,826 common shares outstanding at March 31, 2008.

Conference Call

RDM will be hosting a conference call to discuss the Company's second quarter financial results on May 2, 2008 at 9:00 a.m. EDT. Dial-in numbers are 416-644-3418 or 1-800-732-0232. An audio webcast of the call will be webcast live and archived at http://www.rdmcorp.com/. Detailed financial results and management's discussion and analysis for the second quarter of fiscal 2008 will be filed at http://www.sedar.com/.

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 cheque conversion systems and web-based image and transaction management services for banks, retailers, payment processors and government agencies. RDM's Image & Transaction Management System (ITMS(R)) is an industry leading e-check processing solution whereby transaction information can be remotely captured and processed electronically from distributed locations, freeing up significant customer float time and significantly reducing costs associated with returned checks. For further information, visit RDM's website at http://www.rdmcorp.com/.

This news release contains forward-looking statements. Forward-looking statements are based on estimates and assumptions made by RDM in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors that RDM believes are appropriate in the circumstances. Many factors could cause RDM's actual results, performance or achievements to differ materially from those expressed or implied by forward-looking statements. Risk factors relating to RDM are discussed in the Risks and Uncertainties section of RDM's Annual Information Form and year-end Management's Discussion and Analysis. These factors should be considered carefully, and readers should not place undue reliance on RDM's forward-looking statements. RDM has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. RDM CORPORATION Consolidated Balance Sheets (Amounts In Canadian Dollars, In Thousands) ------------------------------------------------------------------------- March 31, September 2008 30, 2007 Unaudited Audited -------------------------------------------------------------------------- Assets: Current assets: Cash and cash equivalents $ 17,850 $ 17,418 Accounts receivable 5,420 6,365 Other receivable 503 503 Inventories 7,316 4,720 Investment tax credit receivable 1,541 1,451 Other 230 1,843 ------------------------------------------------------------------------- Total current assets 32,860 32,300 Furniture and equipment 3,034 2,011 Intangible assets 274 235 ------------------------------------------------------------------------- Total assets $ 36,168 $ 34,546 ------------------------------------------------------------------------- ------------------------------------------------------------------------- Liabilities and shareholders' equity: Current liabilities: Accounts payable and accrued liabilities $ 5,785 $ 4,587 Future income tax liability 210 210 Deferred revenue 530 427 ------------------------------------------------------------------------- Total current liabilities 6,525 5,224 Future income tax liability 27 32 Shareholders' equity: Share capital 28,299 27,978 Contributed surplus 1,184 927 Retained earnings 133 401 Share purchase loans 0 (16) ------------------------------------------------------------------------- Total shareholders' equity 29,616 29,290 ------------------------------------------------------------------------- Total liabilities and shareholders' equity $ 36,168 $ 34,546 ------------------------------------------------------------------------- ------------------------------------------------------------------------- RDM CORPORATION Consolidated Statements of Operations and Deficit (Amounts in Canadian Dollars, In Thousands, Except Per Share Amounts) Three months ended Six months ended March March 2008 2007 2008 2007 (Unaudited) (Unaudited) (Unaudited) (Unaudited) ------------------------------------------------------------------------- Revenue $ 6,823 $ 7,882 $ 13,894 $ 19,628 Cost of revenue 4,171 4,520 8,453 11,797 ------------------------------------------------------------------------- Gross Profit 2,652 3,362 5,441 7,831 Operating expenses: Sales and marketing 1,151 901 2,295 1,902 Research and development 945 942 1,959 1,910 General and administration 498 496 887 1,009 Depreciation and amortization 176 177 363 339 Stock-based compensation 136 95 257 170 Foreign exchange loss (gain) 213 (47) 284 240 Interest (128) (89) (331) (128) ------------------------------------------------------------------------- 2,991 2,475 5,714 5,442 ------------------------------------------------------------------------- Earnings before taxes (339) 887 (273) 2,389 Future income tax expense (recovery) (70) 300 5 508 ------------------------------------------------------------------------- Net earnings (loss) and comprehensive earnings $ (269) $ 587 $ (268) $ 1,881 Retained earnings (Deficit), beginning of period $ 402 $ (4,062) $ 401 $ (5,356) ------------------------------------------------------------------------- Retained earnings (Deficit), end of period $ 133 $ (3,475) $ 133 $ (3,475) ------------------------------------------------------------------------- ------------------------------------------------------------------------- ------------------------------------------------------------------------- Earnings per share - basic and diluted $ (0.01) $ 0.03 $ (0.01) $ 0.09 ------------------------------------------------------------------------- ------------------------------------------------------------------------- RDM CORPORATION Consolidated Statements of Cash Flows (Amounts in Canadian Dollars, In Thousands) Three months ended Six months ended March March 2008 2007 2008 2007 (Unaudited) (Unaudited) (Unaudited) (Unaudited) ------------------------------------------------------------------------- Cash provided by (used in): Operations: Net earnings (loss) $ (269) $ 587 $ (268) $ 1,881 Items not involving cash: Amortization of furniture and equipment 165 169 344 324 Amortization of intangible assets 11 8 19 15 Stock-based compensation 136 95 257 170 Future income taxes (70) 300 (5) 508 Change in non-cash operating working capital 489 88 1,173 313 ------------------------------------------------------------------------- Cash provided by operations 462 1,247 1,520 3,211 Financing: Issuance of share capital 321 166 321 1,130 Repayment of share purchase loans 8 8 16 16 ------------------------------------------------------------------------- Cash provided by financing activities 329 174 337 1,146 Investing: Purchase of furniture and equipment (883) (236) (1,367) (429) Additions to intangible assets (56) (36) (58) (40) ------------------------------------------------------------------------- Cash used in investing activities (939) (272) (1,425) (469) Increase (decrease) in cash (148) 1,149 432 3,888 Cash and cash equivalents, beginning of period 17,998 8,913 17,418 6,174 ------------------------------------------------------------------------- Cash and cash equivalents, end of period $ 17,850 $ 10,062 $ 17,850 $ 10,062 ------------------------------------------------------------------------- -------------------------------------------------------------------------

RDM Corporation

CONTACT: Douglas Newman, Chief Executive Officer, RDM Corporation, (519)
746-8483 ext. 340 phone, (519) 746-3317 fax, dnewman@rdmcorp.com; James
Merwin, Chief Financial Officer, RDM Corporation, (519) 746-8483 ext. 284
phone, (519) 746-3317 fax, jmerwin@rdmcorp.com

DSP Group, Inc. Reports First Quarter 2008 Earnings

SAN JOSE, Calif., May 2 /PRNewswire-FirstCall/ -- DSP Group, Inc. , a worldwide leader in developing and providing chip-set solutions for residential wireless connectivity, announced today its results for the first quarter ended March 31, 2008.

First Quarter Results:

Revenues for the first quarter of 2008 were $72,729,000, an increase of 48% from revenues of $49,288,000 for the first quarter of 2007. Net loss for the first quarter was $7,608,000 compared to net income of $1,364,000 for the first quarter of 2007. Earnings per share (EPS) for the first quarter of 2008 were a loss of $0.25 compared to earnings of $0.05 for the first quarter of 2007.

Non-GAAP Results:

Non-GAAP net income and diluted EPS for the first quarter of 2008 were $1,441,000 and $0.05 per share on a diluted basis, respectively; a decrease of 73% from the non-GAAP net income of $5,333,000 and a decrease of 74% from non- GAAP diluted EPS of $0.19 per share for the first quarter of 2007. Non-GAAP net income and diluted EPS for the first quarter of 2008 excluded the impact of amortization of acquired intangible assets of $5,782 ,000, associated with the acquisition of the Cordless and VoIP Terminals business of NXP B.V.; equity-based compensation expenses of $3,961,000; and the aggregate tax benefits associated with such expenses of $694,000.

Eli Ayalon, Chairman and CEO of DSP Group, stated: "We expect our traditional cordless market to remain challenging throughout the year as a result of continuing pricing and volume pressures. We expect these pressures to lessen with the ramp-up of our new generation of multimedia products." Ayalon also stated: "During the first quarter of 2008, we repurchased approximately 2,171,000 shares of our Common Stock at an average price of $11.91 per share, for an aggregate price of approximately $25.9 million."

After giving effect to the most recent repurchases, approximately 2,000,000 shares of the Company's Common Stock remain authorized for repurchase under the current repurchase program approved by the Company's board of directors.

About DSP Group

DSP Group, Inc. is a fabless semiconductor company, offering advanced chip-set solutions for a variety of applications. DSP Group is a worldwide leader in the short-range wireless communication market, enabling home networking convergence for voice, video & data. By combining its in-house technologies of Digital Signal Processors (DSPs), portfolio of wireless communication protocols, including DECT, Bluetooth and Wi-Fi, most advanced Radio Frequency CMOS and SiGe, as well as VoIP ICs, DSP Group is a worldwide leader and a one-stop-shop for a wide range of applications. These applications include ISM band digital 900MHz, 2.4GHz and 5.8GHz telephony, European DECT (1.9GHz) telephony, Bluetooth systems for voice, data and video communication and deployment in residential, SOHO, SME, enterprise and automotive applications. DSP Group ICs provide solutions for MP3 players, VoIP Phones, Gateways, and Integrated Access Devices and are widely used in Digital Voice Recorders. More information about DSP Group is available at http://www.dspg.com/.

Forward Looking Statements

This press release may contain statements that qualify as "forward-looking statements" under the Private Securities Litigation Reform Act of 1995, including Mr. Ayalon's statement that the traditional cordless market is to remain challenging throughout the year and that the continuing pricing and volume pressures will be lessened following a ramp-up of the new generation of multimedia products. These forward-looking statements are based on current expectations and DSP Group assumes no obligation to update this information. In addition, the events described in these forward-looking statements may not actually arise as a result of various factors, including the risk that the cost savings and other synergies from the acquisition of the CIPT business may not be fully realized or may take longer to realize than expected; DSP Group's inability to develop and produce new products at competitive costs and in a timely manner; failure of new products, especially the new generation of multimedia products, to achieve broad market acceptance; and fluctuations in gross margins associated with the sale of existing products.. These factors and other factors which may affect future operating results or DSP Group's stock price are discussed under "RISK FACTORS" in the Form 10-K for fiscal 2007 as well as other reports DSP Group has filed with the Securities and Exchange Commission and which are available on DSP Group's Web site (http://www.dspg.com/) under Investor Relations.

Earnings conference call

DSP Group has scheduled a conference call for 8:30 a.m. EDT today to discuss the financial results for the first quarter of 2008 and invites you to listen to a live broadcast over the Internet. The broadcast can be accessed by all interested parties through the Investor Relations section (investor message board) of DSP Group's Web site at http://www.dspg.com/ or link to: http://ir.dspg.com./phoenix.zhtml?c=101665&p=irol-calendar.

If you cannot join the call, please listen to the replay, which will be available for approximately two weeks after the call on DSP Group's Web site or by calling the following numbers:

--US Dial-In # 1-888-286-8010 (passcode: 33088619) --International Dial-In # 1-617-801-6888 (passcode: 33088619)

For more information, please contact Ofer Elyakim, Vice President of Business Development, DSP Group Inc. at (408) 240-6839; or e-mail: ofere@dsp.co.il.

DSP GROUP, INC. CONSOLIDATED STATEMENTS OF INCOME (In thousands, except per share amounts) Three Months Ended March 31, 2008 2007 Unaudited Unaudited Product revenues and other $72,729 $49,288 Cost of product revenues and other 45,776 30,001 Gross profit 26,953 19,287 Operating expenses: Research and development 20,028 12,757 Sales and marketing 6,021 4,197 General and administrative 4,250 3,596 Amortization of intangible assets 5,782 - Total operating expenses 36,081 20,550 Operating loss (9,128) (1,263) Other income: Interest and other income, net 1,234 3,652 Income (loss) before provision for income taxes (7,894) 2,389 Provision for income taxes income tax benefit) (286) 1,025 Net income (loss) $(7,608) $1,364 Net earnings (loss) per share: Basic $(0.25) $0.05 Diluted $(0.25) $0.05 Weighted average number of shares of Common stock used in the computation of: Basic 30,574 28,455 Diluted 30,757 28,691 DSP GROUP, INC. CONSOLIDATED STATEMENTS OF INCOME (NON-GAAP) (In thousands, except per share amounts) Three Months Ended March 31, 2008 2007 Unaudited Unaudited Product revenues and other $72,729 $49,288 Cost of product revenues and other 45,519 29,835 Gross profit 27,210 19,453 Operating expenses: Research and development 17,937 10,669 Sales and marketing 5,514 3,757 General and administrative 3,144 2,136 Total operating expenses 26,595 16,562 Operating income 615 2,891 Other income : Interest and other income, net 1,234 3,652 Income before provision for income taxes 1,849 6,543 Provision for income taxes 408 1,210 Net income $1,441 $5,333 Net earnings per share: Basic $0.05 $0.19 Diluted $0.05 $0.19 Weighted average number of shares of Common stock used in the computation of: Basic 30,574 28,455 Diluted 30,757 28,691 Unaudited Reconciliation of GAAP to Non-GAAP Financial Measures (In thousands, except per share amounts) Three Months Ended March 31, 2008 2007 Unaudited Unaudited GAAP net (loss) income $(7,608) $1,364 Equity-based compensation expense Included in cost of product revenues 257 166 Equity-based compensation expense Included in R&D 2,091 2,088 Equity-based compensation expense Included in SG&A 1,613 1,900 Amortization of intangible assets related to NXP transaction 5,782 - Tax benefit resulting from equity-based compensation and amortization of acquired intangible assets (694) (185) Non-GAAP net income $1,441 $5,333 Non-GAAP basic earnings per share $0.05 $0.19 Non-GAAP diluted earnings per share $0.05 $0.19 DSP GROUP, INC. CONSOLIDATED BALANCE SHEETS (In thousands) March 31, December 31, 2008 2007 (Unaudited) (Audited) Assets Current assets: Cash and cash equivalents $69,554 $69,586 Restricted deposits 3,428 - Marketable securities and cash deposits 30,832 63,682 Trade receivables, net 44,668 51,636 Inventories 17,652 16,361 Other accounts receivable 10,868 8,173 Deferred income taxes 5,529 4,011 Total current assets 182,531 213,449 Property and equipment, net 18,329 14,270 Long term marketable securities 35,084 34,469 Severance pay fund 7,379 6,883 Deferred income taxes 4,997 5,109 Goodwill and other intangible assets 233,233 237,969 Other assets 1,892 694 Total assets $ 483,445 $512,843 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $28,053 $29,064 Other current liabilities 45,565 48,125 Total current liabilities 73,618 77,189 Accrued severance pay 7,839 7,303 Accrued pensions 2,003 1,758 Deferred tax liability 803 372 Other long term liabilities 1,556 1,364 Total long term liabilities 12,201 10,797 Stockholders' equity: Common stock 29 31 Additional paid-in capital 304,505 300,542 Accumulated other comprehensive income 2,446 1,025 Retained earnings 178,666 187,063 Less - Cost of treasury stock (88,020) (63,804) Total stockholders' equity 397,626 424,857 Total liabilities and stockholders' equity $483,445 $512,843

Photo: http://www.newscom.com/cgi-bin/prnh/20020715/SFM118LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com DSP Group, Inc.

CONTACT: Ofer Elyakim, Vice President of Business Development of DSP
Group Inc., +1-408-240-6839, ofere@dsp.co.il

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

The Allied Defense Group Announces Refinancing of MECAR's Banking Pool in Belgium and Support From Local GovernmentBanking Pool To Extend Credit Facility Until November 30, 2008

VIENNA, Va., May 2 /PRNewswire-FirstCall/ -- The Allied Defense Group, Inc. announces the extension of its subsidiary, MECAR S.A., existing banking pool arrangement, which was contingent upon the initial approval of The Office Nationale du Ducroire (ONDD), a Belgian governmental agency. The Company also announced, in compliance with American Stock Exchange Rule 610(b), that its financial statements for the fiscal year ended December 31, 2007, included in the Company's Annual Report on Form 10-K filed on March 24, 2008, contained a going concern qualification from its independent registered public accounting firm, BDO Seidman, LLP.

Major General (Ret.) John J. Marcello, President and Chief Executive Officer of The Allied Defense Group, said, "In our public filings, ADG had described the extension of the MECAR banking facility contingent upon Belgian government participation. We are extremely pleased to report we have in fact received the support of the Belgium banking pool and the ONDD.

"As we fully anticipated, MECAR's Bank Group has informed the Company they have approved the arrangement and extended the banking pool coverage until November 30, 2008. By that time our cash position at MECAR is projected to have improved to the point of self-sufficiency. MECAR intends to use the proceeds to procure inventories as it produces on its near-record backlog.

"Our banking partners are actively supporting MECAR. They have extended the guarantees, and have committed to continue the facility with some of the members showing interest in staying in the pool past November. We will continue to explore all avenues to refinance this facility on the most favorable terms available in order to provide long term flexibility to the Company.

"The decision to issue a going concern qualification as explained in the audit opinion provided by BDO Seidman LLP, was based on the losses the Company incurred in 2006 and 2007, and notification from MECAR's banking group members of their intent to terminate the credit facility in early 2008.

"We are pleased that MECAR's bank group has agreed to extend the credit facility. With a contractual backlog of more than $171 million and an unfunded backlog of over $89 million, this is another important step in our business development plan to help Allied Defense offset our reliance on our traditional customers and contribute to our efforts to smooth out the cyclical nature of our ammunition business. This gives us money where and when we need it. We continue to execute on our plan on maximizing shareholder value," concluded Major General Marcello.

About The Allied Defense Group, Inc.

The Allied Defense Group, Inc. is a diversified international defense and security firm which: develops and produces conventional medium caliber ammunition marketed to defense departments worldwide; designs, produces and markets sophisticated microwave security systems; and manufactures battlefield effects simulators and other training devices for the military. For more information, please visit the Company web site: http://www.allieddefensegroup.com/.

Certain statements contained herein are "forward-looking" statements as such term is defined in the Private Securities Litigation Reform Act of 1995. Because statements include risks and uncertainties, actual results may differ materially from those expressed or implied and include, but are not limited to, those discussed in filings by the Company with the Securities and Exchange Commission.

For More Information, Contact: Jim Drewitz, Investor Relations 830-669-2466

The Allied Defense Group, Inc.

CONTACT: Jim Drewitz, Investor Relations of The Allied Defense Group,
Inc., +1-830-669-2466

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

TRX Reports First Quarter 2008 Results

ATLANTA, May 2 /PRNewswire-FirstCall/ -- TRX, Inc. , a global technology company that develops and hosts software applications to process data records and automate manual processes, today reported financial results for the quarter ended 31 March 2008.

Total revenues excluding client reimbursements for the first quarter of 2008 were $21.9 million compared with $25.3 million in the first quarter of 2007. Net loss for the first quarter was ($3.4) million compared with net income of $0.4 million in the first quarter of 2007. Net loss per diluted share was ($0.18) compared to net income per diluted share of $0.02 for the first quarter of 2007.

Revenues from transaction processing services for the first quarter of 2008 decreased to $17.6 million from $18.5 million in the first quarter of 2007. Revenues from data reporting services were $4.2 million, compared with $6.7 million in the prior year.

Adjusted revenues for the first quarter of 2008 were $25.4 million compared with $25.3 million in the first quarter of 2007. Adjusted revenues from data reporting services were $7.7 million, compared with $6.7 million in the first quarter of 2007. Adjusted revenues include $3.5 million of recurring data reporting services provided to Citibank which were required to be deferred under US GAAP until the Company's sale of a non-exclusive DATATRAX license. The license sale occurred on April 30, 2008. Adjusted EBITDA was $2.9 million for the quarter, compared with $3.4 million in the first quarter of 2007.

"Our business is making good strides thus far in 2008," said TRX President & CEO Trip Davis. "Our adjusted revenues in the first quarter of 2008 were stable against last year, indicating that our core business units are holding their own in a tough economic environment. We continue to expect organic volumes in transaction processing to moderate in 2008 due to the economy, and that data reporting and new client additions will largely offset those challenges. We will continue to fund long-term growth through innovation investment, to ensure our solutions are meeting our clients' future needs."

Based upon its expectations, TRX reiterated its guidance for fiscal 2008, inclusive of the $4.5 million DATATRAX license sale referred to above:

-- Adjusted revenues of $92 to $95 million, of which $20 to $23 million is from data reporting. -- Adjusted EBITDA of $8 to $10 million. -- Capital expenditures of $7 to $8 million. Use of Non-GAAP Financial Measures

TRX provides financial measures and terms not calculated in accordance with accounting principles generally accepted in the United States (GAAP). Presentation of non-GAAP measures such as Adjusted Revenue, Adjusted Data Reporting Revenue, EBITDA and Adjusted EBITDA provide investors with an alternative method for assessing our operating results in a manner that enables investors to more thoroughly evaluate our performance. These non-GAAP measures provide a baseline for assessing the company's future earnings expectations. TRX management uses these non-GAAP measures for the same purpose. The non-GAAP measures included in this release are provided to give investors access to the types of measures that we use in analyzing our results.

Adjusted Revenue and Adjusted Data Reporting Revenue consist of GAAP transaction and other revenues, adjusted for the revenue earned from Citibank for providing routine services, which is required under US GAAP to be deferred until the anticipated sale of a software license to Citibank is complete. The deferral of revenue recognition is required in the absence of vendor-specific objective evidence of the fair value of the license. Management uses Adjusted Revenue and Adjusted Data Reporting Revenue as additional measures for evaluating the performance of the business, because the pricing for and level of routine services currently being provided to Citibank are equivalent to those provided to Citibank before the arrangement to sell a license was consummated in July 2007.

EBITDA consists of GAAP net income (loss) adjusted for the items included in the accompanying reconciliation. EBITDA provides useful information to investors about the Company's performance because it eliminates the effects of period to period changes in the cost associated with capital investments and interest expense. Adjusted EBITDA consists of EBITDA adjusted for the items included in the accompanying reconciliation. EBITDA and Adjusted EBITDA do not give effect to the cash the Company must use to service its debt or pay its income taxes and thus do not reflect the funds generated from operations or actually available for capital expenditures.

TRX's calculation of Adjusted Revenue, Adjusted Data Reporting Revenue, EBITDA and Adjusted EBITDA is not necessarily comparable to similarly titled measures reported by other companies. These non-GAAP measures may be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for or superior to GAAP results. Schedules that reconcile Adjusted Revenue, EBITDA and Adjusted EBITDA to GAAP net income (loss) are included with this release.

Cautionary Note Regarding Forward-Looking Statements

Certain statements in this press release may constitute "forward-looking" statements as defined in Section 27A of the Securities Act of 1933 (the "Securities Act"), Section 21E of the Securities Exchange Act of 1934 (the "Exchange Act"), the Private Securities Litigation Reform Act of 1995 (the "PSLRA"), or in releases made by the Securities and Exchange Commission, all as may be amended from time to time. Statements contained in this press release that are not historical facts may be forward-looking statements within the meaning of the PSLRA. Any such forward-looking statements reflect our beliefs and assumptions and are based on information currently available to us and are subject to risks and uncertainties that could cause actual results to differ materially, including but not limited to, the loss of key clients, volatility in the number of transactions we service, failure or interruptions of our software, hardware and other systems, industry declines, competitive pressures and other risks, including those discussed under the heading "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2007.

Forward-looking statements are predictions and involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. These cautionary statements are being made pursuant to the Securities Act, the Exchange Act and the PSLRA with the intention of obtaining the benefits of the "safe harbor" provisions of such laws. TRX, Inc. cautions investors that any forward-looking statements we make are not guarantees or indicative of future performance.

Conference Call Information

The Company will hold a Webcast of its conference call to discuss these results on Friday, May 2 at 9:00 a.m. Eastern Time from http://www.trx.com/. To register for the event, please go to the Investor Center on the TRX.com Website at least fifteen minutes early to register, download, and install any necessary audio software.

For those who cannot listen to the live broadcast, the TRX.com site will host an archived Webcast shortly after the conclusion of the call, which will remain available on the TRX Website at http://www.trx.com/ for 90 days.

About TRX

TRX is a global technology company. We develop and host software applications that process data records and automate manual processes, enabling our clients to optimize performance and control costs. We are a leading provider to the travel industry and are expanding into financial services and healthcare. We deliver our technology applications in an on-demand environment to travel agencies, corporations, travel suppliers, government agencies, credit card associations, credit card issuing banks, and third-party administrators. TRX is headquartered in Atlanta with operations and associates in North America, Europe, and Asia.

TRX, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share data) Three Months Ended March 31, 2008 2007 (Unaudited) REVENUES: Transaction processing $17,647 $18,529 Data reporting 4,228 6,724 Transaction and other revenues 21,875 25,253 Client reimbursements 127 622 Total revenues 22,002 25,875 EXPENSES: Operating 14,220 14,772 Selling, general and administrative 4,451 4,261 Technology development 3,870 3,021 Client reimbursements 127 622 Depreciation and amortization 2,669 2,788 Total expenses 25,337 25,464 OPERATING (LOSS) INCOME (3,335) 411 INTEREST (EXPENSE) INCOME: Interest income 49 152 Interest expense (97) (140) Total interest (expense) income, net (48) 12 NET (LOSS) INCOME $(3,383) $423 Net (Loss) Income per Share Basic and diluted $(0.18) $0.02 Weighted Average Shares Outstanding Basic 18,320 18,214 Diluted 18,320 18,220 Other Data: Adjusted revenues $25,352 $25,253 Adjusted EBITDA $2,915 $3,418 Adjusted data reporting revenues $7,705 $6,724 Capital expenditures $2,165 $1,368 Transaction processing volumes 24,534 22,991 As of As of March 31, December 31, 2008 2007 Consolidated Balance Sheet Data: Cash and cash equivalents $5,061 $8,879 Total shareholders' equity 33,933 37,019 TRX, INC. AND SUBSIDIARIES RECONCILIATION OF GAAP FINANCIAL MEASURES TO NON-GAAP FINANCIAL MEASURES (In thousands) Reconciliation of Transaction and Other Revenues to Adjusted Revenues and Net (Loss) Income to Adjusted EBITDA Three Months Ended March 31, 2008 2007 Transaction and other revenues $21,875 $25,253 Deferred data reporting revenues (1) 3,477 - Adjusted revenues 25,352 25,253 Net (loss) income (3,383) 423 Depreciation and amortization 2,669 2,788 Interest expense (income), net 48 (12) EBITDA (666) 3,199 Stock compensation expense 104 219 Deferred data reporting revenues (1) 3,477 - Adjusted EBITDA $2,915 $3,418

Reconciliation of Data Reporting Revenues to Adjusted Data Reporting Revenues

Three Months Ended March 31, 2008 2007 Data reporting revenues $4,228 $6,724 Deferred data reporting revenues (1) 3,477 - Adjusted data reporting revenues $7,705 $6,724 (1) Data reporting services provided to Citibank which are required to be deferred under US GAAP until the Company's sale of a non-exclusive DATATRAX license, which occurred on April 30, 2008.

TRX, Inc.

CONTACT: Investors, David Cathcart, Chief Financial Officer, TRX, Inc.,
+1-404-929-6154; Media, Kira Perdue, Trevelino-Keller Communications Group,
+1-404-214-0722, x101, for TRX

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

Netlist Sets Date for 2008 First Quarter Results Release and Conference Call

IRVINE, Ca., May 2 /PRNewswire-FirstCall/ -- Netlist, Inc. announced today that it will report its financial results for the first quarter ended March 29, 2008, at 4:05 p.m. Eastern Time on Thursday, May 8, and will host a conference call at 5:00 p.m. Eastern Time that same day.

Conference Call Toll free dial-in number: 1-888-713-4216 International dial-in number: 1-617-213-4868 Webcast A live webcast and archived replay of the call can be accessed in the Events page of the Investor Relations section of Netlist's website at http://www.netlist.com/. The online archive will be available for two weeks. About Netlist, Inc.

Netlist designs and manufactures high-performance memory subsystems for the server and high- performance computing and communications markets. The Company's memory subsystems are developed for applications in which high-speed, high-capacity memory, functionality, small form factor, and heat dissipation are key requirements. These applications include tower-servers, rack-mounted servers, blade servers, high-performance computing clusters, engineering workstations, and telecommunication equipment. Netlist maintains its headquarters in Irvine, California with manufacturing facilities in Irvine and in Suzhou, China.

Contact: Allen & Caron Inc Jill Bertotti (investors) jill@allencaron.com Len Hall (media) len@allencaron.com. (949) 474-4300

Netlist, Inc.

CONTACT: Investors, Jill Bertotti, jill@allencaron.com, or Media, Len
Hall, len@allencaron.com, +1-949-474-4300, both Allen & Caron Inc, for
Netlist, Inc.

Garmin(R) Ltd. 2007 Annual Report to Shareholders Available OnlineHard copies available by request

CAYMAN ISLANDS, May 2 /PRNewswire-FirstCall/ -- Garmin Ltd. , the global leader in satellite navigation, today made available its 2007 annual report to shareholders on the Garmin Investor Relations Web site at http://www8.garmin.com/aboutGarmin/invRelations/finReports.html. Hard copies are available free of charge to Garmin Ltd. shareholders by calling the Garmin Investor Relations department at (913) 397-8200. Garmin Ltd. has also provided the annual report to the Securities and Exchange Commission.

(Logo: http://www.newscom.com/cgi-bin/prnh/20061026/CGTH082LOGO) About Garmin

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

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

CONTACT: Ted Gartner of Garmin International, +1-913-397-8200,
media.relations@garmin.com

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

T-Mobile and Nokia Collaborate on Mobile Services and Personal Social Networks

BONN, Germany and ESPOO, Finland, May 2 /PRNewswire-FirstCall/ -- T-Mobile and Nokia today announced that they are collaborating to accelerate the availability of new Internet services and personal social communities on mobile devices.

By signing this collaboration agreement, T-Mobile and Nokia will be able to offer their European customers faster and easier access to all of T-Mobile's web'n'walk Internet services as well as all to Nokia's Ovi Internet services on a wide range of Nokia devices.

T-Mobile and Nokia will together drive the mobilization of social networks. The companies will partner to further enhance T-Mobile's community-oriented MyFaves service, launched in October 2007 in Europe, empowered by the well-known Nokia user experience.

Widget cooperation is another focus area for the companies, where T-Mobile's leading web'n'walk offering will provide an even richer user experience. T-Mobile's web'n'walk offers customers an instant and customizable access to their most preferred Internet and messaging services.

For T-Mobile customers, Nokia will customize its devices to provide a dedicated suite of T-Mobile services which will be seamlessly integrated to Nokia devices. Similarly, T-Mobile customers can access Nokia's Internet services, such as music, maps and games, through their Nokia device, which will offer T-Mobile customers a great opportunity to enjoy best-in-class Internet services.

In March T-Mobile and Nokia announced the exclusive Nokia 6650 device for T-Mobile which will be available in July in Europe. This collaboration is the next step in intensifying the good partnership between the companies.

"We are pleased about developing our long-lasting and successful cooperation with Nokia, which underlines our position as an innovation leader," says Christopher Schlaffer, Group Product & Innovation Officer at Deutsche Telekom. "High-performance devices and our broadband mobile phone network are ideally suited for granting easy access to our T-Mobile Services like MyFaves, web'n'walk or Nokia-complementary service offerings (e.g. Maps or Games), providing our customers with an even wider range of mobile communication, information and entertainment services."

"We are excited about further extending our good cooperation with T-Mobile by supporting them in their key propositions like My Faves and web'n'walk, and we see this as a perfect match with our Ovi services. Easy access to a wide variety of services will enhance the way people use their mobile devices and bring Web 2.0 experiences to life. We believe in providing consumers with choice regarding which Internet services they want to access from their mobile device," said Anssi Vanjoki, Executive Vice President, Markets, Nokia

About T-Mobile International

T-Mobile International is one of the world's leading companies in mobile communications. As one of Deutsche Telekom's three strategic business units, T-Mobile concentrates on the most dynamic markets in Europe and the United States. Almost 120 million mobile customers were served by companies of the Deutsche Telekom group by end of 2007. The common technology platform is based on GSM, the world's most successful digital wireless standard. This also makes T-Mobile the only mobile communications provider with a seamless transatlantic service.

For more information about T-Mobile International, please visit http://www.t-mobile.net/

About Nokia

Nokia is the world leader in mobility, driving the transformation and growth of the converging Internet and communications industries. We make a wide range of mobile devices with services and software that enable people to experience music, navigation, video, television, imaging, games, business mobility and more. Developing and growing our offering of consumer Internet services, as well as our enterprise solutions and software, is a key area of focus. We also provide equipment, solutions and services for communications networks through Nokia Siemens Networks.

http://www.nokia.com/

Nokia Corporation

CONTACT: Media Enquiries: Nokia, Markets, Communications, Liisa
Nyyssonen, Tel. +358-7180-34564, Email: liisa.nyyssonen@nokia.com; Nokia,
Communications, Tel. +358-7180-34900, Email: press.services@nokia.com;
T-Mobile International, Corporate Communication, Tel. +49(0)228-9-36-3-17-17,
Fax: +49(0)228-9-36-3-17-19, EMail: press@t-mobile.net

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News archive of November 2009
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