Towerstream Announces First Quarter 2008 ResultsRevenues increase 31.7% in First Quarter 2008 over First Quarter 2007

MIDDLETOWN, R.I., May 7 /PRNewswire-FirstCall/ -- Towerstream , a leading fixed WiMAX provider currently operating in nine major metropolitan areas, today announced results for the first quarter ended March 31, 2008.

Towerstream Operating Highlights -- Strong first quarter revenue growth with revenues up 31.7% over first quarter 2007 -- Churn 1.35% for the quarter -- First Quarter Net new revenue growth up 89% over 4th quarter 2007 -- New subscriber ARPU increased 9.8% to $842 -- Launched 9th major market -- Dallas-Fort Worth, Texas -- Launched first Towerstream-powered building First Quarter 2008 Results of Operations

Revenue for the quarter ended March 31, 2008 increased 31.7% to $2.1 million, compared to revenue of $1.6 million for the quarter ended March 31, 2007. The increase in revenue was primarily due to increases in ARPU (average revenue per user) and the addition of new customers. Compared to the fourth quarter 2007 revenue of $1.9 million, first quarter 2008 revenue grew 9.2%.

ARPU of new subscribers was $842 for the quarter ended March 31, 2008 compared to $767 for the quarter ended December 31, 2007, a 9.8% increase, and $767 for the quarter ended March 31, 2007, also a 9.8% increase. Customer churn for the first quarter was 1.35% compared to 2.03% for the previous quarter and 1.27% for the prior year period.

Cost of revenues for the first quarter totaled $976,000, producing gross margin of 53.1%, which is down 5.0% from our fourth quarter gross margin of 58.1%. The decrease in gross margin was primarily attributed to expansion into new markets prior to the generation of revenue.

Customer support expenses for the quarter ended March 31, 2008 were $421,000, up from $322,000 in the previous quarter and $160,000 in first quarter 2007, due to increased staffing to support our growing customer base.

Selling expenses for the quarter ended March 31, 2008 totaled $1.8 million, up from $1.4 million in the previous quarter and $343,000 in the first quarter of 2007, primarily due to the expanded sales force as well as advertising costs.

General and administrative expenses remained relatively flat, increasing $48,000, or 2.6%, to $1.9 million in the first quarter of 2008 compared to the fourth quarter of 2007. Compared to the first quarter of 2007, general and administrative expenses increased $489,000, or 34.5%.

The net loss for the first quarter ended March 31, 2008 was $(3.6) million or $(0.10) per share versus a net loss of $(2.7) million or $(0.08) per share for fourth quarter 2007, and $(1.6) million or $(0.07) per share for first quarter 2007.

EBITDA before stock-based compensation for the first quarter was $(2.9) million, compared to $(2.2) million for the previous quarter and $(1.6) million for the first quarter of 2007.

As of March 31, 2008, we had working capital of $34,284,333 due primarily to our capital raising activities in 2007. As of May 5, 2008, there were 34,556,332 shares of Common Stock issued and outstanding.

Key Financial and Operating Highlights (All financial results are in thousands, except loss per share and ARPU) (Unaudited) Three Months Ended 3/31/2008 12/31/2007 3/31/2007* Financial Highlights Revenues $2,082 $1,906 $1,581 Cost of revenues $976 $799 $464 Gross profit margin % 53% 58% 71% Depreciation $677 $601 $362 Customer support services $421 $322 $161 Selling expenses $1,811 $1,442 $343 General and administrative expenses (1) $1,907 $1,859 $1,418 Total operating expenses $5,792 $5,023 $2,748 Loss from operations $(3,710) $(3,117) $(1,167) Interest income $ 289 $527 $104 Interest expense $(183) $(133) $(575) Other (expense)/income $(5) $(4) $(3) Net loss $(3,609) $(2,727) $(1,641) Loss per share $(0.10) $(0.08) $(0.07) EBITDA before Stock-based compensation (2) $(2,864) $(2,213) $(615) Operating Metrics Churn rate (2) 1.35% 2.03% 1.27% ARPU (2) $735 $725 $657 ARPU of new subscribers (2) $842 $767 $767 Number of employees 178 157 51 * Certain reclassifications of prior period amounts have been made to conform to current year presentation. (1) Includes Stock-based compensation of $174, $307 and $193, respectively. (2) See Non-GAAP Measures below for a definition and reconciliation of EBITDA before Stock-based compensation, and definitions of Churn, ARPU and ARPU of new subscribers. Towerstream Outlook for Current Objectives -- We expect revenue growth in the second quarter to be approximately 15% over the first quarter 2008. -- New installed revenue will continue to accelerate. -- Towerstream will focus on penetrating our existing nine markets and getting the existing markets to EBITDA positive on a per market basis. Once we achieve this milestone we will continue to add new markets. -- We expect to be EBITDA positive on a per market basis by end of Q1 2009.

"With our recurring revenue model, it was important for us to have a good first quarter, giving us a good foundation and helping us achieve our revenue goals for the year. Our new installed revenue growth continues to accelerate as more of our sales representatives become seasoned, our pipeline expands and matures and our veteran sales team members continue to hit new highs," said Jeff Thompson, President and Chief Executive Officer. "Combining the revenue growth acceleration with a low churn rate and a cost structure that is expected to remain relatively unchanged throughout 2008, we're positioned well for a strong 2008. We remain very optimistic about the future of WiMAX -- and about Towerstream's position in this burgeoning market."

Conference Call and Webcast

A conference call led by President and Chief Executive Officer, Jeff Thompson, and interim Chief Financial Officer, Maria Perry, will be held on May 7th at 5:00 p.m. EDT to review results and provide an update on business developments.

Interested parties may participate in the conference by dialing 888.679.8033, 617.213.4846 (for international callers) using pass code 94474548. A telephonic replay of the conference may be accessed approximately two hours after the call through June 10, 2008 by dialing 888-286-8010 or 617-801-6888 (for international callers) using pass code 47047520.

The call will also be webcast and can be accessed in a listen-only mode on the company's website at http://www.towerstream.com/.

Towerstream's wireless broadband solution network delivers high-speed Internet access supporting VoIP, bandwidth on demand, wireless redundancy, VPNs, disaster recovery, bundled data, and video services, and can be delivered in days. Unlike cable Internet and DSL, Towerstream connections are symmetrical, which means that the upload and download speeds are identical. This creates a more stable connection, suitable for Voice Over IP and web hosting, as well as many other business applications. Companies utilizing multiple appliances simultaneously, such as streaming video and VoIP, can prioritize their bandwidth to secure mission-critical activities. All of Towerstream's products are backed by its Service Level Agreement (SLA) and the ability to be up and running within a week. Towerstream currently serves businesses of all sizes in New York, Chicago, Miami, Seattle, Los Angeles, Boston, the San Francisco Bay Area, Dallas-Fort Worth and Providence/Newport, RI.

For more information, visit http://www.towerstream.com/. About Towerstream

Towerstream is a leading fixed WiMAX service provider in the U.S., delivering high-speed Internet access to businesses. Founded in 2000, the company has established networks in such markets as New York City, Los Angeles, Miami, Chicago, Seattle, the San Francisco Bay Area, Dallas-Fort Worth and the greater Boston, Providence and Newport, R.I. areas, and continues to expand coverage throughout the country. The company was the first carrier selected to join the WiMAX Forum to assist leading vendors in establishing industry compliance with international broadband wireless access standards and cross-vendor interoperability.

Non-GAAP Measures

The terms "EBITDA before Stock-based compensation", "Churn", "Churn rate" and "ARPU" are measurements used by Towerstream to monitor business performance and are not recognized measures under GAAP. Accordingly, investors are cautioned in using or relying upon these measures as alternatives to recognized GAAP measures. Our methods of calculating these measures may differ from other issuers and, accordingly, may not be comparable to similar measures presented by other issuers.

The term "EBITDA before Stock-based compensation" refers to income before deducting interest, taxes, depreciation, amortization and stock-based compensation. The terms "Churn" and "Churn rate" refer to the percent of revenue lost on a monthly basis from subscribers disconnecting from our networks. The term "ARPU" refers to average revenue per subscriber, calculated as the average revenue for the period divided by the average number of subscribers on the network. ARPU of new subscribers is calculated as the monthly recurring revenue generated by new subscribers during a period divided by the total number of new subscribers added during the period.

The Non-GAAP measure, EBITDA before Stock-based compensation, has been reconciled to the nearest GAAP measure, Net loss, as follows:

Three Months Ended 3/31/2008 12/31/2007 3/31/2007* Reconciliation of Non-GAAP to GAAP: EBITDA before stock-based compensation $(2,864) $(2,213) $(615) Less interest expense (183) (133) (575) Add interest income 289 527 104 Less depreciation and amortization (677) (601) (362) Less stock-based compensation (174) (307) (193) Net loss $(3,609) $(2,727) $(1,641) * Certain reclassifications of prior period amounts have been made to conform to current year presentation. Safe Harbor

Certain statements contained in this press release are "forward-looking statements" within the meaning of applicable federal securities laws, including, without limitation, anything relating or referring to future financial results and plans for future business development activities, and are thus prospective. Forward-looking statements are inherently subject to risks and uncertainties some of which cannot be predicted or quantified based on current expectations. Such risks and uncertainties include, without limitation, the risks and uncertainties set forth from time to time in reports filed by the company with the Securities and Exchange Commission. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Consequently, future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward the forward-looking statements contained herein. The company undertakes no obligation to publicly release statements made to reflect events or circumstances after the date hereof.

INVESTOR CONTACT: Terry McGovern Vision Advisors 415-902-3001 mcgovern@visionadvisors.net MEDIA CONTACT: Amanda Lordy/ Todd Barrish Dukas Public Relations 212-704-7385 amanda@dukaspr.com / todd@dukaspr.com

Towerstream

CONTACT: Investors, Terry McGovern of Vision Advisors, +1-415-902-3001,
mcgovern@visionadvisors.net; or Media, Amanda Lordy, amanda@dukaspr.com or
Todd Barrish, todd@dukaspr.com, both of Dukas Public Relations,
+1-212-704-7385, all for Towerstream

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

NeuStar Reports Results for First Quarter and Updates Guidance for 2008

STERLING, Va., May 7 /PRNewswire-FirstCall/ -- NeuStar, Inc. , a provider of essential clearinghouse services to the communications and Internet industry, today announced consolidated results for the quarter ended March 31, 2008 and updated guidance for 2008. The company also announced that Mark Foster, a Co-Founder of NeuStar, will transition into a senior advisory role from his position as Chief Technology Officer.

(Logo: http://www.newscom.com/cgi-bin/prnh/20080310/NEUSTARLOGO ) Summary of First Quarter Results

Revenue totaled $117.4 million, an increase of 20% from $97.4 million in the first quarter of 2007. The company recorded a net loss for the first quarter of $4.5 million, or $0.06 per diluted share, compared to net income of $18.0 million, or $0.23 per diluted share, in the first quarter of 2007. The net loss in the first quarter of 2008 resulted from a non-cash goodwill impairment charge totaling $29.0 million, which relates to the Next Generation Messaging (NGM) business, acquired for $139 million in cash on November 27, 2006. This charge was driven by changes in market conditions and customer- related events in the first quarter, which are expected to delay our penetration of the nascent mobile instant messaging market in Europe. This caused NeuStar to reduce its NGM forecast triggering an impairment review of NGM goodwill. Absent the goodwill impairment charge of $29.0 million, NeuStar would have recorded net income for the first quarter of $24.6 million, or $0.31 per diluted share.

Discussion of First Quarter Results

NeuStar's year-over-year quarterly revenue growth of 20% was driven primarily by increases in infrastructure transactions under its contracts to provide telephone number portability services in the United States. The company also saw year-over-year increases in revenue from its Next Generation Messaging services, Ultra Services and Common Short Codes.

Transactions under NeuStar's contracts to provide telephone number portability services in the United States totaled 87.0 million for the first quarter of 2008, 22% higher than the 71.2 million transactions for the first quarter of 2007, and 4% above the transaction guidance provided in February.

EBITDA for the quarter totaled $21.1 million, or $0.27 per diluted share, compared to $38.4 million, or $0.49 per diluted share, in the corresponding quarter of 2007. EBITDA for the quarter includes a dollar-for-dollar reduction for the previously discussed goodwill impairment charge of $29.0 million. Absent the goodwill impairment of $29.0 million, EBITDA for the first quarter would have been $50.2 million, or $0.63 per diluted share.

Total operating expense increased to $106.4 million in the first quarter of 2008, compared to $68.1 million in the first quarter of 2007. Operating expense in the first quarter included the previously mentioned $29.0 million goodwill impairment charge.

As of March 31, 2008, NeuStar had $86.5 million in cash, cash equivalents and short-term investments, compared to $198.7 million at December 31, 2007. During the first quarter, the company repurchased $103.8 million of its Class A common stock under its share repurchase program announced on February 19, 2008, with an additional $21.2 million of share repurchases through April 8, 2008. Overall, NeuStar concluded $125 million of repurchases in 2008 with the acquisition of approximately 4.8 million shares.

Business Outlook for 2008 NeuStar provided the following guidance for 2008 results: -- Full year revenue to range between $500 and $515 million; previous guidance was for 2008 revenue to exceed $515 million -- Included in the full year revenue projection is an estimated $20 million of revenue from NeuStar Next Generation Messaging, which is approximately a $15 million decrease from the projection provided in February 2008. -- Net income to exceed $70 million, resulting in net income per diluted share to exceed $0.90 in 2008 based on a diluted share total of 78.0 million; this 2008 net income forecast includes the previously discussed goodwill impairment charge of $29.0 million. -- Full year EBITDA to exceed $177 million, or $2.27 per diluted share in 2008 based on a diluted share total of 78.0 million; the entire reduction in the EBITDA guidance from the $206 million EBITDA guidance provided in February is the result of a dollar-for-dollar reduction for the goodwill impairment charge of $29.0 million previously discussed. -- The company reaffirmed its previous guidance that transactions under its contracts to provide telephone number portability services in the United States should grow to at least 350 million in 2008, an increase of at least 10% over the 2007 total of 318.5 million transactions. -- For the second quarter of 2008, transactions to be in excess of 83 million, up 12% from the same quarter of last year. Management Commentary

Jeff Ganek, NeuStar's Chairman and Chief Executive Officer, said, "NeuStar's first quarter revenue exceeded both our guidance expectations and the first quarter of last year on the strength of NPAC transactions, and on solid year-over-year revenue growth for our expanding range of services. Our business continues to be strong, producing outstanding growth and cash flow. We continue to believe that the growth potential from the mobile instant messaging market is large. Let me point out that our revenue in the nascent mobile instant messaging market is projected to grow from $8 million in 2007 to approximately $20 million in 2008, which is noteworthy, albeit markedly below our previous expectations. When demand increases, NeuStar will be well positioned with its deployed infrastructure and strong customer relationships to significantly grow revenue and profitability."

Jeff Babka, NeuStar's Chief Financial Officer, added, "The reduction of our NGM forecast and the recording of a $29 million impairment charge detracts from what we consider to be a strong start to 2008. From a guidance perspective, it is still early in the year, and thus we believe that incremental revenue from our existing and new service offerings can provide opportunities to attain our original target of 20% growth in revenues for the year, with strong margins and cash flow generation. The underlying fundamentals in this business remain very solid and capable of delivering our stated goals for revenue growth and profitability."

CTO Mark Foster to Become Senior Advisor

NeuStar announced that Mark Foster, Senior Vice President and one of the company's founders, will step down as Chief Technology Officer. Mark will continue to serve as a senior advisor to NeuStar on strategic and other matters.

Jeff Ganek commented, "For the last 12 years, Mark's contributions to the industry and to the company are renowned. From our beginning as a small start-up organization, he led the development of a highly skilled and potent organization, which is now in place, driving technology initiatives and product development for the company. We respect Mark's need to spend more time with his family, and we appreciate his continued commitment to the company as a senior advisor."

Mark Foster added, "NeuStar has great potential for future growth. In my new role as a senior advisor, I aim to actively contribute as an ambassador of NeuStar with industry groups, as well as guide innovation in new products and new markets."

Reconciliation of Non-GAAP Financial Measures

In this press release, NeuStar presented certain non-GAAP financial data. To place this data in an appropriate context, the following is a reconciliation of net income (loss) to EBITDA for the three months ended March 31, 2007 and 2008, and the years ended December 31, 2007 and 2008:

Three Months Ended Year Ended March 31, December 31, 2007 2008 2007 2008(1) (in thousands, except per share data) (unaudited) Net income (loss) $ 17,968 $ (4,460) $ 92,335 $ 70,000 Add: Depreciation and amortization 9,064 10,120 37,731 40,500 Less: Other (expense) income (299) (1,150) (3,465) (4,500) Add: Provision for income taxes 11,663 16,639 60,776 71,000 EBITDA $ 38,396 $ 21,149 $ 187,377 $ 177,000 EBITDA per diluted share $ 0.49 $ 0.27 $ 2.36 $ 2.27 Weighted average diluted common shares outstanding 79,031 79,095 79,235 78,000 (1) For purposes of creating a reconciliation to net income, the amounts expressed in this column are based on an estimated net income of $70 million.

EBITDA and EBITDA per diluted share are not measures of financial performance under GAAP and have no standardized measurement prescribed by GAAP. Management believes that both measures will enhance our investors' understanding of our financial performance and the comparability of the company's operating results to prior periods, as well as against the performance of other companies. However, these non-GAAP financial measures may not be comparable with similar non-GAAP financial measures used by other companies and should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. The company provides the foregoing historical and forward-looking reconciliations to the most directly comparable GAAP financial measures to allow investors to appropriately consider each non-GAAP financial measure.

Previously in this press release, NeuStar described what its net income and EBITDA would have been for the first quarter of 2008 in the absence of the $29.0 million goodwill impairment charge relating to the company's NGM business segment, as well as the resulting net income and EBITDA per diluted share amounts associated with those measures. NeuStar has provided this information because the company believes that it will give investors a better understanding of the impact the goodwill impairment charge had on the Company's results for the quarter, and will serve as useful data by which to compare the company's operational performance to the same quarter of 2007 and future periods. As with EBITDA information provided by the Company, this information should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. Further, to understand the comparison of the net loss of $0.06 per diluted share for the first quarter of 2008 against the net income of $0.31 per diluted share that the company would have recorded in the absence of the goodwill impairment charge, it is important to note that the weighted average diluted common shares outstanding used to calculate the net loss per diluted share for the quarter was 76.2 million, as compared to the weighted average diluted common shares outstanding used to calculate the net income per diluted share that would have existed if the company had recorded net income for the quarter, which is 79.1 million. This difference in weighted average diluted common shares outstanding results from the exclusion of the dilutive impact of such equity awards in the diluted share calculation when a company records a net loss for the applicable period as opposed to inclusion of equity awards in this calculation when a company records net income.

Conference Call

As announced on April 28, 2008, NeuStar will conduct an investor conference call to discuss the company's results today at 5:00 p.m. (Eastern Time). Investors may access the conference call over the Internet via the Investor Relations tab of the company's website (http://www.neustar.biz/), or via telephone by dialing (888) 670-2260 (international callers dial (913) 312- 1490). Those listening via the Internet should go to the site 15 minutes early to register, download and install any necessary audio software. For those who cannot listen to the live broadcast, a replay will be available through Midnight (Eastern Time) Wednesday, May 14, 2008 by dialing (888) 203- 1112 (international callers dial (719) 457-0820) and entering replay PIN 2435914, or by going to the Investor Relations tab of the company's website (http://www.neustar.biz/).

NeuStar will take live questions from securities analysts and institutional portfolio managers; the complete call is open to all other interested parties on a listen-only basis.

This press release, the financial tables and other supplemental information, including the reconciliations of certain non-GAAP measures to their nearest comparable GAAP measures that may be used periodically by management when discussing the company's financial results with investors and analysts, are available on the company's website under the Investor Relations tab.

About NeuStar, Inc.

NeuStar is a provider of essential clearinghouse services to the North American communications industry and Internet service providers around the world. Visit NeuStar online at http://www.neustar.biz/.

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

This press release includes information that constitutes forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995, including, without limitation, statements about our expectations, beliefs and business results in the future. We have attempted, whenever possible, to identify these forward-looking statements using words such as "may," "will," "should," "projects," "estimates," "expects," "plans," "intends," "anticipates," "believes" and variations of these words and similar expressions. Similarly, statements herein that describe our business strategy, prospects, opportunities, outlooks, objectives, plans, intentions or goals are also forward-looking statements. We cannot assure you that our expectations will be achieved or that any deviations will not be material. Forward-looking statements are subject to many assumptions, risks and uncertainties that may cause future results to differ materially from those anticipated. These potential risks and uncertainties include, among others, the uncertainty of future revenue and profitability and potential fluctuations in quarterly operating results due to such factors as disruptions to our clearinghouse operations, modifications to our material contracts, our ability to successfully integrate and support the operations of our acquisitions, increasing competition, market acceptance of our existing services, our ability to successfully develop and market new services, the uncertainty of whether new services will achieve market acceptance or result in any revenue, and business, regulatory and statutory changes in the communications industry. More information about potential factors that could affect our business and financial results is included in our filings with the Securities and Exchange Commission, including, without limitation, our Annual Report on Form 10-K for the year ended December 31, 2007 and subsequent periodic and current reports. All forward-looking statements are based on information available to us on the date of this press release, and we undertake no obligation to update any of the forward-looking statements after the date of this press release.

NEUSTAR, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share data) Three Months Ended March 31, 2007 2008 (unaudited) Revenue: Addressing $ 27,003 $ 30,161 Interoperability 14,932 16,440 Infrastructure and other 55,513 70,812 Total revenue 97,448 117,413 Operating expense: Cost of revenue (excluding depreciation and amortization shown separately below) 23,078 24,489 Sales and marketing 18,636 18,724 Research and development 6,569 7,548 General and administrative 10,769 16,482 Depreciation and amortization 9,064 10,120 Impairment of goodwill -- 29,021 68,116 106,384 Income from operations 29,332 11,029 Other (expense) income: Interest expense (350) (442) Interest and other income 649 1,592 Income before income taxes 29,631 12,179 Provision for income taxes 11,663 16,639 Net income (loss) $ 17,968 $ (4,460) Net income (loss) per common share: Basic $ 0.24 $ (0.06) Diluted $ 0.23 $ (0.06) Weighted average common shares outstanding: Basic 74,688 76,247 Diluted 79,031 76,247

NEUSTAR, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands)

December 31, March 31, 2007 2008 ASSETS (audited) (unaudited) Current assets: Cash, cash equivalents and short-term investments $ 198,678 $ 86,455 Restricted cash 488 532 Accounts receivable, net and unbilled receivables 77,015 63,489 Prepaid expenses and other current assets 20,048 21,965 Deferred tax assets 13,907 13,192 Total current assets 310,136 185,633 Property and equipment, net 56,191 57,813 Goodwill and intangible assets, net 240,944 220,975 Other non-current assets 9,390 47,639 Total assets $ 616,661 $ 512,060 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable and accrued expenses $ 57,243 $ 57,265 Income taxes payable 3,254 1,999 Deferred revenue 32,236 33,660 Notes payable and capital lease obligations 6,012 6,298 Accrued restructuring reserve 413 426 Other liabilities 108 -- Total current liabilities 99,266 99,648 Deferred revenue, long-term 18,063 16,232 Notes payable and capital lease obligations, long-term 10,923 9,397 Accrued restructuring reserve, long-term 1,793 1,679 Deferred tax liabilities, long-term 2,215 4,022 Other liabilities, long-term 3,866 4,470 Total liabilities 136,126 135,448 Total stockholders' equity 480,535 376,612 Total liabilities and stockholders' equity $ 616,661 $ 512,060

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20080310/NEUSTARLOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com NeuStar, Inc.

CONTACT: Investor Relations: Brandon Pugh, +1-571-434-5659,
brandon.pugh@neustar.biz; Media: John Schneidawind, +1-571-434-5596,
john.schneidawind@neustar.biz, both of NeuStar, Inc.

Web site: http://www.neustar.biz/

LSI Announces Webcast for Annual Meeting

MILPITAS, Calif., May 7 /PRNewswire-FirstCall/ -- LSI Corporation today announced that shareholders will be able to access the proceedings of its annual meeting of shareholders at 9 a.m. PDT on Wednesday, May 14, 2008, through a live webcast.

At that time, shareholders and others will be able to follow the meeting in listen-only mode via the internet by going to http://www.lsi.com/webcast and clicking on the audio link.

About LSI

LSI Corporation is a leading provider of innovative silicon, systems and software technologies that enable products which seamlessly bring people, information and digital content together. The company offers a broad portfolio of capabilities and services including custom and standard product ICs, adapters, systems and software that are trusted by the world's best known brands to power leading solutions in the Storage and Networking markets. More information is available at http://www.lsi.com/.

LSI Corporation

CONTACT: Media, Mitch Seigle, +1-408-954-3225, mitch.seigle@lsi.com, or
Investors, Sujal Shah, +1-610-712-5471, sujal.shah@lsi.com, both of LSI
Corporation

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

Tucows Announces a $10 million Stock Buyback Program

TORONTO, May 7 /PRNewswire-FirstCall/ -- Tucows Inc. (TSX:TC, AMEX: TCX) today announced that its Board of Directors has approved a stock buyback program of up to $10 million for the repurchase of its common stock. Tucows has also filed a notice of intention with the Toronto Stock Exchange ("TSX") to make a normal course issuer bid through the facilities of the TSX. Tucows will have the option to repurchase its shares of common stock either through the facilities of the TSX or the American Stock Exchange.

The notice filed with the TSX provides that Tucows may, during the twelve-month period commencing May 12, 2008, repurchase up to 6,361,769 shares of its common stock, which amount represents approximately 10% of the public float of Tucows. For purposes of any repurchases made on the TSX, Tucows may only purchase up to a maximum of 4,188 shares in any daily trading session, which number represents 25% of the average daily trading volume on the TSX over the six month period ending April 30, 2008, unless the block purchase exception is relied upon. As of May 7, 2008 there were 73,888,542 common shares outstanding. All shares purchased by Tucows under the normal course issuer bid will be cancelled.

The timing and exact number of common shares purchased will be at Tucows' discretion and will depend on market conditions and may be suspended or discontinued at any time. Subject to applicable securities laws and stock exchange rules, all purchases will occur through the open market and may be in large block purchases. Tucows does not intend to purchase its shares from its management team or other insiders.

During Tucows' previous stock buyback program which ended on February 15, 2008, Tucows repurchased 2,616,600 common shares.

NO STOCK EXCHANGE, SECURITIES COMMISSION OR OTHER REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED THE INFORMATION CONTAINED HEREIN. About Tucows

Tucows provides Internet services for web hosting companies and ISPs. Through its global network of over 9,000 service providers it provides millions of email boxes and manages over eight million domains. Tucows is an accredited registrar with ICANN (the Internet Corporation for Assigned Names and Numbers). Tucows holds a domain name portfolio of approximately 150,000 domain names that are available for sale, monetized through advertising and support our wholesale Personal Names Service. Our Retail division sells Tucows services to consumers and small business owners through Domain Direct, ItsYourDomain.com and NetIdentity. Tucows.com remains one of the most popular software download sites on the Internet. For more information please visit: http://about.tucows.com/.

This release may contain forward-looking statements, including the timing and total number of shares to be purchased under the share buyback program, which are based on Tucows Inc.'s operations, estimates, forecasts and projections. These statements are not guarantees of future performance and are subject to important risks, uncertainties and assumptions concerning future conditions that may ultimately prove to be inaccurate or differ materially from actual future events or results. A number of important factors could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Consequently, investors should not place undue reliance on these forward-looking statements, which are based on Tucows Inc.'s current expectations, estimates, projections, beliefs and assumptions. These forward-looking statements speak only as of the date of this release and are based upon the information available to Tucows Inc. at this time. Tucows Inc. disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Tucows Inc.

CONTACT: Leona Hobbs, Director of Communications, Tucows Inc., (416)
538-5450, lhobbs@tucows.com

Blackboard Inc. First Quarter Revenue Increases 24 Percent to $68.5 MillionFirst Quarter 2008 Revenue and Earnings Exceed GuidanceNTI and WebCT Cross-Selling Begins

WASHINGTON, May 7 /PRNewswire-FirstCall/ -- Blackboard Inc. today announced financial results for the first quarter ended March 31, 2008 and updated guidance for the second quarter and the full year of 2008.

Total revenue for the quarter ended March 31, 2008 was $68.5 million, an increase of 24 percent over the first quarter of 2007. Product revenues for the quarter were $63.1 million, an increase of 26 percent over the first quarter of 2007, while professional services revenues for the quarter were $5.4 million, an increase of 1% over the first quarter of 2007.

Net loss was $3.3 million, resulting in a net loss per basic and diluted share of ($0.11) for the first quarter of 2008 compared to net income of $1.9 million and net income per basic and diluted share of $0.07 for the first quarter of 2007. Non-GAAP adjusted net income for the first quarter of 2008, which excludes the amortization of acquisition-related intangible assets, net of taxes, was $2.0 million, resulting in non-GAAP adjusted net income per diluted share of $0.06 compared to non-GAAP adjusted net income of $5.2 million and non-GAAP adjusted net income per diluted share of $0.18 for the first quarter of 2007.

"We had strong financial results to begin 2008 with our revenue and earnings significantly beating our original guidance," said Michael Chasen, chief executive officer and president for Blackboard. "Our revenue over- performance was driven by continued strong growth in our licensing and managed hosting sales and due to better than expected results from our acquisition of The NTI Group."

Highlights from the First Quarter of 2008

"Our sales team maintained their focus during the first quarter of the NTI acquisition integration and sales training," added Chasen. "We had a meaningful increase in the average deal size closed in the quarter and I was proud of the cross-selling activity that took place with former WebCT clients as well as our ability to sell our new Blackboard Connect(TM) offering into the U.S. higher education market."

-- A few of Blackboard's new and expanded client relationships in the quarter included: -- U.S. Higher Education: Charleston Southern University, Clemson University, Delgado Community College, Edison College, Georgia Institute of Technology, Hillsborough Community College, Louisiana Tech University, Metropolitan Community College, Monroe County Community College, New York University, Owens Community College, Princeton Theological Seminary, Purdue University, Saint Peters College, University of Miami, University System of Georgia, Virginia Community College System, Wake Tech Community College and others. -- International: Aston University, Caribbean University, Dublin City University, Japan Women's University, Kanagawa Prefectual Board of Education, Kanto Gakuin University, Kuanas University of Technology, Osaka University, Ritsumeikan University, Takushoku University, Universidad Espiritu Santo, Universidad Ibero Americana, University of Sydney, University of Sharja, University of Staffordshire, University of Wollongong and others. -- K-12: Atlanta Public Schools (GA), Commonwealth Governor's School (VA), Connecticut Distance Learning (CT), Fairfax County Public Schools (VA), Lubbock Independent School District (TX), Pasadena Independent School District (CA), Richard Milburn High School (VA), Rochester Public Schools (NY) and others. -- Capella University, George Mason University, McMaster University, and Villanova University were among the first former-WebCT clients to purchase the Blackboard Community System(TM) and/or the Blackboard Content System(TM). -- Blackboard completed the acquisition of The NTI Group, Inc., a leading provider of mass messaging and notifications solutions for educational and government organizations via voice, email, SMS, and other text- receiving devices and brought to market the new Blackboard Connect offering. -- In the quarter, there were nearly 150 new Blackboard Connect deals closed and more than twenty Blackboard Connect deals were closed with existing Blackboard U.S. higher education clients. -- Blackboard Learning System(TM) 8 for former WebCT clients was released addressing the remaining outstanding product issues and bringing to market the most stable and scalable eLearning platform to date. -- Blackboard announced the opening of a new datacenter in Mascot, New South Wales, Australia. -- Blackboard launched Blackboard Educator Central(TM), a comprehensive and fully-hosted professional development solution designed to help districts to affordably manage, deliver and evaluate professional development and build powerful educator communities of practice. Outlook for the Second Quarter and Full Year of 2008

"Our team is focused on solid execution across our entire business including the continued successful integration of NTI," commented Michael Chasen. "We expect that the global education industry will remain strong and that Blackboard is well positioned for another great year."

Blackboard is providing the following financial guidance for the second quarter and full year 2008. Investors should note that the Company is also adjusting net interest expense to reflect the impact of lower interest rates on our cash and investments. The Company expects that net interest expense will be approximately $2.7 million higher than our original 2008 guidance.

Second Quarter of 2008: -- Revenue of $74.8 to $76.8 million; -- Amortization of acquired intangibles of approximately $9.9 million; -- Net loss of ($2.9) to ($2.1) million, resulting in net loss per basic share of ($0.09) to ($0.06), which is based on an estimated 31.1 million basic shares and an estimated effective tax rate of 35 percent; and -- Non-GAAP adjusted net income, excluding the amortization of acquired intangibles and the associated tax impact, of $3.2 to $4.0 million, resulting in non-GAAP adjusted net income per diluted share of $0.10 to $0.13 based on an estimated 31.9 million diluted shares and an estimated effective tax rate of 39 percent. Full Year 2008: -- Revenue of $310.5 to $316.5 million; -- Amortization of acquired intangibles of approximately $38.3 million, which is $700,000 higher than our initial 2008 guidance as a result of our final valuation of NTI's intangibles; -- Net interest expense of approximately $5.3 million; -- Net loss of $(3.9) to $(1.5) million, resulting in net loss per basic share of ($0.13) to ($0.05), which is based on an estimated 31.5 million basic shares and an estimated effective tax rate of 35 percent; and -- Non-GAAP adjusted net income excluding the amortization of acquired intangibles and the associated tax impact, of $19.5 to $21.9 million, resulting in non-GAAP adjusted net income per diluted share of $0.61 to $0.69 based on an estimated 31.9 million diluted shares and an estimated effective tax rate of 39 percent. Conference Call

Blackboard will broadcast its first quarter conference call live over the Internet today beginning at 4:30 p.m. (Eastern). Interested parties can access the webcast through the Investor Relations section of the Company's Web site at http://investor.blackboard.com/. Please access the Web site at least 15 minutes prior to the start of the call to register, download and install any necessary software.

A replay of the call will be available via telephone from approximately 6:00 p.m. Eastern (3:00 p.m. Pacific) on May 7, 2008 until 11:00 p.m. Eastern (8:00 p.m. Pacific) on May 14, 2008. To listen to the replay, participants in the U.S. and Canada should dial 888-286-8010, and international participants should dial +1 (617) 801-6888. The conference ID for the replay is 79560013.

BLACKBOARD INC. CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except share and per share amounts) Three Months Ended March 31, ----------------------------- 2007 2008 (unaudited) (unaudited) ----------- ----------- Revenues: Product $49,981 $63,109 Professional services 5,299 5,366 ----------- ----------- Total revenues 55,280 68,475 Operating expenses: Cost of product revenues, excludes $2,825 and $4,078 in amortization of acquired technology included in amortization of intangibles resulting from acquisitions shown below, respectively (1) 11,697 15,970 Cost of professional services revenues (1) 3,764 4,948 Research and development (1) 6,953 9,733 Sales and marketing (1) 14,546 20,859 General and administrative (1) 9,317 12,753 Amortization of intangibles resulting from acquisitions 5,399 8,679 ----------- ----------- Total operating expenses 51,676 72,942 ----------- ----------- Income (loss) from operations 3,604 (4,467) Other (expense) income: Interest expense (758) (1,830) Interest income 405 890 Other income 73 310 ----------- ----------- Income (loss) before (provision) benefit for income taxes 3,324 (5,097) (Provision) benefit for income taxes (1,380) 1,804 ----------- ----------- Net income (loss) $1,944 $(3,293) =========== =========== Net income (loss) per common share: Basic $0.07 $(0.11) =========== =========== Diluted $0.07 $(0.11) =========== =========== Weighted average number of common shares: Basic 28,351,872 30,247,568 =========== =========== Diluted 29,428,043 30,247,568 =========== =========== (1) Includes the following amounts related to stock-based compensation: Cost of product revenues $129 $176 Cost of professional services revenues 116 163 Research and development 117 162 Sales and marketing 491 1,416 General and administrative 1,359 1,763 Reconciliation of income (loss) before (provision) benefit for income taxes to non-GAAP adjusted net income (2): Income (loss) before (provision) benefit for income taxes $3,324 $(5,097) Add: Amortization of intangibles resulting from acquisitions 5,399 8,679 Adjusted provision for income taxes (3) (3,512) (1,624) ----------- ----------- Non-GAAP adjusted net income $5,211 $1,958 =========== =========== Non-GAAP adjusted net income per common share - diluted $0.18 $0.06 =========== =========== (2) Non-GAAP adjusted net income and non-GAAP adjusted net income per share are non-GAAP financial measures and have no standardized measurement prescribed by GAAP. Management believes that both measures provide additional useful information to investors regarding the Company's ongoing financial condition and results of operations and since the Company has historically reported these non-GAAP results they provide an additional basis for comparisons to prior periods. The non-GAAP financial measures may not be comparable with similar non-GAAP financial measures used by other companies and should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. The Company provides the above reconciliation to the most directly comparable GAAP financial measure to allow investors to appropriately consider each non-GAAP financial measure. (3) Adjusted provision for income taxes is applied at an effective rate of approximately 40.3% and 45.3% for the three months ended March 31, 2007 and 2008, respectively. BLACKBOARD INC. CONDENSED CONSOLIDATED BALANCE SHEETS December 31, March 31, 2007 2008 (unaudited) ------------ ------------ (in thousands, except per share amounts) ASSETS Current assets: Cash and cash equivalents $206,558 $62,366 Accounts receivable, net 52,846 53,097 Inventories 2,089 1,855 Prepaid expenses and other current assets 5,255 7,362 Deferred tax asset, current portion 6,549 6,965 Deferred cost of revenues, current portion 6,793 5,682 ------------ ------------ Total current assets 280,090 137,327 Deferred tax asset, noncurrent portion 34,154 14,667 Deferred cost of revenues, noncurrent portion 84 238 Restricted cash 4,015 4,015 Property and equipment, net 18,584 28,315 Goodwill and intangible assets, net 168,349 369,299 ------------ ------------ Total assets $505,276 $553,861 ============ ============ LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $3,747 $7,554 Accrued expenses 24,182 23,634 Deferred rent, current portion 160 415 Deferred revenues, current portion 126,600 114,946 ------------ ------------ Total current liabilities 154,689 146,549 Notes payable, net of debt discount 161,519 161,978 Deferred rent, noncurrent portion 1,469 2,683 Deferred revenues, noncurrent portion 2,925 2,474 Stockholders' equity: Common stock, $0.01 par value 292 309 Additional paid-in capital 263,582 322,361 Accumulated deficit (79,200) (82,493) ------------ ------------ Total stockholders' equity 184,674 240,177 ------------ ------------ Total liabilities and stockholders' equity $505,276 $553,861 ============ ============ BLACKBOARD INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS Three Months Ended March 31, ----------------------------- 2007 2008 (unaudited) (unaudited) ----------- ----------- (in thousands) Cash flows from operating activities Net income (loss) $1,944 $(3,293) Adjustments to reconcile net income to net cash provided by (used in) operating activities: Deferred income tax provision (benefit) 883 (1,671) Excess tax benefits from stock-based compensation (1,568) (563) Amortization of debt discount 211 459 Depreciation and amortization 2,512 3,316 Amortization of intangibles resulting from acquisitions 5,399 8,679 Change in allowance for doubtful accounts 43 30 Noncash stock-based compensation 2,212 3,680 Changes in operating assets and liabilities, net of effect of acquisitions: Accounts receivable 11,709 7,842 Inventories 317 234 Prepaid expenses and other current assets (85) (1,033) Deferred cost of revenues 1,234 957 Accounts payable 1,830 457 Accrued expenses (4,856) (4,469) Deferred rent (106) 1,469 Deferred revenues (20,788) (22,149) ----------- ----------- Net cash provided by (used in) operating activities 891 (6,055) Cash flows from investing activities Acquisitions, net of cash acquired - (131,923) Purchase of property and equipment (2,417) (7,944) Payments for patent enforcement costs (1,233) (635) Purchase of intangible assets (1,500) - ----------- ----------- Net cash used in investing activities (5,150) (140,502) Cash flows from financing activities Payments on term loan (5,000) - Payments on letters of credit (338) - Excess tax benefits from stock-based compensation 1,568 563 Proceeds from exercise of stock options 3,134 1,802 ----------- ----------- Net cash (used in) provided by financing activities (636) 2,365 ----------- ----------- Net decrease in cash and cash equivalents (4,895) (144,192) Cash and cash equivalents at beginning of period 30,776 206,558 ----------- ----------- Cash and cash equivalents at end of period $25,881 $62,366 =========== =========== Use of Non-GAAP Financial Measures

This release includes information about the Company's non-GAAP adjusted net income and non-GAAP adjusted net income per share which are non-GAAP financial measures. Management believes that both measures, which exclude amortization of acquired intangibles and the associated tax impact, provide additional useful information to investors regarding the Company's ongoing financial condition and results of operations and aspects of current operating performance which can be effectively managed. Since the Company has historically reported these non-GAAP results to the investment community, management also believes the inclusion of these non-GAAP financial measures provides consistency in its financial reporting and facilitates investors' understanding of the Company's historic operating trends by providing an additional basis for comparisons to prior periods. In addition, the Company's internal reporting, including information provided to the Company's Audit Committee and Board of Directors, contains non-GAAP measures. The Company has also adopted internal compensation metrics that are determined on a basis that excludes amortization of acquired intangibles and the associated tax impact.

A material limitation associated with the use of the above non-GAAP financial measures is that they have no standardized measurement prescribed by GAAP and may not be comparable with similar non-GAAP financial measures used by other companies. The Company compensates for these limitations by providing full disclosure of each non-GAAP financial measure and reconciliation to the most directly comparable GAAP financial measure which investors can use to appropriately consider each financial measure determined under GAAP as well as on the adjusted non-GAAP basis. However, the non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. In addition to the information contained in this release, investors should also review information contained in the Company's Form 10-K dated February 20, 2008, as well as other filings with the Securities and Exchange Commission when assessing the Company's financial condition and results of operations.

About Blackboard Inc.

Blackboard Inc. is a leading provider of enterprise software applications and related services to the education industry. Founded in 1997, Blackboard enables educational innovations everywhere by connecting people and technology. Millions of people use Blackboard everyday at academic institutions around the globe, including colleges, universities, K-12 schools and other education providers, as well as textbook publishers and student- focused merchants that serve education providers and their students. Blackboard is headquartered in Washington, D.C., with offices in North America, Europe, Australia and Asia.

Blackboard Educate. Innovate. Everywhere.(TM)

Any statements in this press release about future expectations, plans and prospects for Blackboard and other statements containing the words "believes," "anticipates," "plans," "expects," "will," and similar expressions, constitute forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including the factors discussed in the "Risk Factors" section of our Form 10-K filed on February 20, 2008 with the SEC. In addition, the forward- looking statements included in this press release represent the Company's views as of May 7, 2008. The Company anticipates that subsequent events and developments will cause the Company's views to change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to May 7, 2008.

Blackboard Inc.

CONTACT: Michael J. Stanton, Vice President, Investor Relations of
Blackboard Inc., +1-202-463-4860, ext. 2305

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

Comtech Group, Inc. Reports 2008 First Quarter Results- Q1 Net Revenue: $60.2 million (a year-on-year increase of 35.1%)- Q1 Net Income: $5.3 million GAAP and $7.7 million Non-GAAP with a year-on-year increase of 49.5%- Q1 EPS Diluted: $0.13 GAAP and $0.19 Non-GAAP with a year-on-year increase of 18.2%- Company increases full year guidance to $290 million in revenue and Non-GAAP EPS of $0.92

SHENZHEN, China, May 7 /PRNewswire-FirstCall/ -- Comtech Group, Inc. , a China-based provider of customized module design solutions as well as engineering and technology services to domestic and international technology product companies, today announced unaudited financial results for its first quarter 2008. The Company reported quarterly revenue of $60.2 million, up 35.1% year-over-year, compared to $44.6 million reported in the first quarter of 2007. The Company experienced growth across all end markets -- mobile handset, telecommunication equipment, and digital media, which it believes are among the fastest growing markets in China.

Net income for the first quarter of 2008 was $5.3 million, up 43.0% from $3.7 million in the same period last year, with Non-GAAP net income up 49.5% over the same period last year. Earnings per common share ("EPS") Diluted on a U.S. GAAP basis was $0.13, and Non-GAAP EPS Diluted (which excludes share- based compensation expense and acquisition related costs including amortization of intangible assets and recognized deferred taxation) was $0.19, up 26.7% from the first quarter of 2007.

Key Financial Indicators (all numbers in USD thousands, except share data) Q1 2008(1) Q1 2007(1) Percent Change Consolidated Revenue $60,189 $44,560 35.1% Cost of Revenue $48,439 $36,038 34.4% Gross Profit $11,750 $8,522 37.9% Net Operating Expenses $7,052 $4,495 56.9% Income from Operations $4,698 $4,027 16.7% Net Income(2) $5,281 $3,693 43.0% EPS Diluted $0.13 $0.11 18.2% Non-GAAP EPS Diluted $0.19 $0.15 26.7% (1) The US dollar amounts are calculated based on the conversion rate of US $1 to RMB 7.012 as of March 31, 2008 and US $ 1 to RMB 7.7232 as of March 31, 2007. (2) Included in the Q1 2008 net income was an amount of $1.6 million for share-based compensation expense in accordance with Statement of Financial Accounting Standards of No. 123 (revised 2004), Share-Based Payment ("SFAS 123R") and $0.8 million acquisition related costs including amortization of purchased intangible assets and recognized deferred taxation. Non-GAAP net income excluding the effects of share-based compensation expense and acquisition related costs was $7.7 million or a $0.19 Non-GAAP EPS Diluted in Q1 2008. First quarter highlights and recent updates: -- Plan to change the Company name to Cogo Group, Inc. -- Board approved Yi Yuan as President. -- Signed $10 million telecommunications module solutions contract with ZTE to secure sustainable revenue growth in the telecommunications market. -- Partnered with Freescale Semiconductor to design automotive solutions in China. Recent Developments

The Board of Directors is planning to change the Company's name from Comtech Group, Inc. to Cogo Group, Inc., and which, subject to formal approval, is expected to be effective by the end of May 2008. The Company's COGO trading symbol is expected to remain unchanged on the NASDAQ Global Market, and the Company's operating subsidiaries in China bearing the Comtech brand will continue to use Comtech as their trade name.

Jeffrey Kang, Chairman & Chief Executive Officer, Comtech Group said, "The Company continued to experience solid revenue growth across its key business areas during the first quarter. Results are in line with our projections and reflect better-than-normal seasonality. A strong rebound of the handset business since March has helped to lift our business outlook, and the introduction of new solutions, such as the mobile TV solution, should continue to drive our business in the second half of the year. Finally, we are seeing robust revenue growth in 2008 attributed mostly to organic growth and accretive acquisitions in 2007 such as Keen Awards."

"The new company name will better reflect COGO's corporate strategy and positioning. In addition to the organic growth from our traditional businesses, such as the Comtech branded operations in China, the Company's accretive acquisitions which bear other brands, such as Keen Awards, will also play an increasingly important role in the Company's future expansion. Management expects more acquisitions down the road, similar to our acquisition of Keen Awards in 2007, to boost growth outlook in the near future."

Financial Results

Revenue for the first quarter was $60.2 million, an increase of 35.1% compared to $44.6 million reported for the first quarter of last year. The revenue breakdown is as follows: $24.5 million, or 40.7% of total sales for mobile handsets, representing a 37.0% increase year-over-year; $16.0 million, or 26.7% of total sales for telecommunications equipment, representing a 12.8% increase year-over-year, and $17.4 million, or 28.9% of total sales for digital media products, representing a significant increase of 57.3% year-over-year. The Company's service business contributed $1.9 million in revenues for the first quarter and accounted for approximately 3.1% of total sales, representing a 31.5% increase year-over-year. Also during the quarter, the Company generated revenue from component sales relating to Industrial Business which includes industrial solutions targeted at the Green Energy and Auto-electronics sectors.

Cost of revenues, which includes the aggregate purchase of components from suppliers and the direct cost of services, was $48.4 million compared to $36.0 million, representing an increase of 34.4% year-over-year. Gross profit for the first quarter was $11.8 million, up 37.9% compared to the $8.5 million during the first quarter of last year. Gross margin for the first quarter increased to 19.5% compared to 19.1% reported during the first quarter of 2007 due to a more favorable product mix reflecting growth in higher margin end markets such as the digital media and service business during the first quarter.

Selling, general and administrative expenses totaled $5.7 million, up 67.1%, compared to $3.4 million reported for the first quarter of last year. The increase was attributable to higher staff costs due to an increase in share-based compensation expense, an additional bad debt provision, amortization of intangible assets and other sales related expenses that support our ongoing business. Research and development (R&D) expenses increased by 24.0% to $1.4 million compared to $1.1 million in the first quarter of 2007. The increase was attributable to a rise in R&D personnel related costs and additional expenditures for new market development. Capital Expenditure was $0.4 million compared to $0.1 million during the same quarter in prior year. The increase was attributable to an increase in purchase of properties and equipments. Depreciation was $0.3 million compared to $0.1 million reported in the first quarter of 2007.

Income from operations was $4.7 million, up 16.7% as compared to $4.0 million for the first quarter of 2007. Operating margin for the first quarter was 7.8% versus 9.0% for the first quarter of 2007. Excluding the effects of share-based compensation and acquisition related costs including amortization of purchased intangible assets, operating margin would have been 12.0% for the first quarter of 2008, compared to 12.3% for the same period in 2007. The effective tax rate for the first quarter of 2008 was 8.2%, compared to 9.3% for the same period in 2007. No minority interests' share of income was reported as compared to a minority interests' share of income of $0.07 million over the same period in 2007.

Net income for the first quarter was $5.3 million or EPS Diluted of $0.13 on a U.S. GAAP basis, compared to net income of $3.7 million, or EPS Diluted of $0.11 in the first quarter of 2007. Included in the first quarter 2007 net income was an amount of $1.6 million for share-based compensation expense and $0.8 million for acquisition related costs including amortization of purchased intangible assets and recognized deferred taxation. Excluding the stock-based compensation expense and acquisition related costs including amortization of purchased intangible assets and recognized deferred taxation, the Company would have reported net income of $7.7 million or $0.19 Non-GAAP EPS Diluted for the first quarter. The weighted average number of shares used in the calculation of diluted EPS was 40.0 million compared to 34.3 million in the first quarter of 2007.

Balance Sheet

As of March 31, 2008, the Company completed the quarter with cash of $123.0 million, down slightly from $126.1 million at the fiscal year end 2007, attributable to the payment of acquisition consideration. Inventory decreased from $17.8 at the end of 2007 to $14.3 million as of March 31, 2008. The decrease in inventory was attributable to better inventory control. The Company continues to be in a strong financial position with a current ratio of 4.9 to 1. Inventory turnover has shortened to 27 days. Receivables were collected in an average of 99 days. Operating Cash flows was positive at $1.3 million. Intangible assets decreased slightly from $20.3 million at the end of March 31, 2008 as compared to $20.4 million as of December 31, 2007. Goodwill remained $14.2 million as of March 31, 2008. Shareholders' equity was $210.4 million as of March 31, 2008, a slight increase from $199.3 million as of December 31, 2007.

Business Outlook

Based on current visibility and new business in the pipeline, management is increasing 2008 full year guidance to $290 million in revenue and Non-GAAP EPS Diluted of $0.92. The Company expects to be able to achieve this aggressive goal despite a downturn in the US economy because its business mainly targets the Chinese domestic and newly emerging markets, which are on track to continue their robust upward trajectory and offset any negative news from the US.

Mr. Kang remarked, "The outlook for our business remains strong. COGO has a twelve-year history in which we have weathered many tough situations such as what we are seeing today with the US economy. Despite minor setbacks, the Company has always achieved strong growth. We expect to continue last year's strong performance with robust growth of approximately 30% in both revenue and Non-GAAP EPS Diluted this year. I am confident that our strategies for sustained growth are working, and based on the company's organic expansion and strategic new business and acquisitions in the pipeline, COGO is well-positioned for continued strong results in 2008."

Teleconference Information Comtech 2008 Q1 Earnings Results Conference Call Date/ Time: May 7, 2008 (Wed) @ 4:30 PM (ET) Conference Call: US/ Canada Toll-Free: 1-800-762-8779 International: +1 (480) 629 9041 Webcast/ Audio Recording: http://viavid.net/dce.aspx?sid=00004EC5 . Replay: US/Canada Toll-Free: 1-800-406-7325 (Passcode: 3868113) International: +1 (480) 590 3030 (Passcode: 3868113) About Comtech Group, Inc.:

Comtech Group, Inc. is a leading provider of customized module and subsystem design solutions in China. The Company believes it acts as a proxy to China's technology industry as it works with virtually all the major ODMs and OEMs in China. Comtech leverages these relationships and combines their IP to create designs that Comtech then sells to electronic manufacturers. These designs allow manufacturers to reduce their time to market for new products and ultimately increase sales. Comtech Group focuses on the mobile handset, telecom equipment and digital media end-markets for their customized design modules while also offering business and engineering services to their large telecom equipment vendor customers. Over the last twelve years, Comtech has grown its customer list to include more than 200 of the largest and most well known manufacturers across the mobile handset, telecom equipment and consumer markets in China, covering both multinational Chinese subsidiaries and Chinese domestic companies.

For further information: Investor Relations http://www.comtech.com.cn/investorinfo.html communications@comtech.com.cn H.K.: +852 2730 1518 U.S.: +1 (646) 291 8998 Fax: +86 755 2674 3522 Safe Harbor Statement:

This press release includes certain statements that are not descriptions of historical facts, but are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934. These forward-looking statements may include statements about our proposed discussions related to our business such as business with Freescale Semiconductor, Huawei and ZTE or growth strategy such as growth in digital media, mobile handset and telecom businesses, as well as our potential acquisitions which are subject to change. Such information is based upon expectations of our management that were reasonable when made but may prove to be incorrect. All such assumptions are inherently subject to uncertainties and contingencies beyond our control and upon assumptions with respect to future business decisions, which are subject to change. For a further descriptions of other risks and uncertainties, see our most recent Annual Report filed with the Securities and Exchange Commission (SEC) on Form 10-K, and our subsequent SEC filings, including our most recent Forms S-1 and/or S-3. Copies of filings made with the SEC are available through the SEC's electronic data gathering analysis retrieval system (EDGAR) at http://www.sec.gov/.

About Non-GAAP Financial Measures:

To supplement Comtech's consolidated financial results presented in accordance with GAAP, Comtech uses the following measures defined as Non-GAAP financial measures by the SEC: 1) Non-GAAP net income, which is net income excluding share-based compensation expenses and acquisition related costs such as amortization of purchased intangible assets, 2) Non-GAAP basic and diluted earnings per share, which is basic and diluted earnings per share excluding share-based compensation expenses and acquisition related costs such as amortization of purchased intangible assets, 3) Non-GAAP income from operation, which is income from operation excluding share-based compensation expenses and acquisition related costs such as amortization of purchased intangible assets and 4) Non-GAAP operating margin, which is operating margin excluding share-based compensation expenses and acquisition related costs such as amortization of purchased intangible assets. The presentation of these Non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. For more information on these Non-GAAP financial measures, please see the table captioned "Reconciliations of Non-GAAP measures to the most comparable GAAP measures" set forth at the end of this release.

Comtech believes that these Non-GAAP financial measures provide meaningful supplemental information regarding its performance and liquidity by excluding share-based expenses and acquisition related costs such as amortization of purchased intangible assets that may not be indicative of its operating performance from a cash perspective. Comtech believes that both management and investors benefit from referring to these Non-GAAP financial measures in assessing its performance and when planning and forecasting future periods. These Non-GAAP financial measures also facilitate management's internal comparisons to Comtech's historical performance and liquidity. Comtech computes its Non-GAAP financial measures using the same consistent method from quarter to quarter. Comtech believes these non- GAAP financial measures are useful to investors in allowing for greater transparency with respect to supplemental information used by management in its financial and operational decision making. A limitation of using Non-GAAP net income, Non-GAAP basic and diluted earnings per share, Non-GAAP income from operation and Non-GAAP operating margin is that these Non-GAAP measures exclude share-based compensation charge and acquisition related costs such as amortization of purchased intangible assets that have been and will continue to be for the foreseeable future a recurring expense in our business. Management compensates for these limitations by providing specific information regarding the GAAP amounts excluded from each Non-GAAP measure. The accompanying tables have more details on the reconciliations between GAAP financial measures that are most directly comparable to Non-GAAP financial measures.

Tables Attached COMTECH GROUP, INC. and SUBSIDIARIES UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME FOR THE QUARTERS ENDED MARCH 31, 2008 AND 2007 (in thousands, except share data) Three Months Three Months Three Months Ended Ended Ended March 31, 2008 March 31, 2008 March 31, 2007 $'000 RMB'000 RMB'000 Net Revenue Product sales 58,305 408,835 333,077 Services revenue 1,884 13,210 11,066 60,189 422,045 344,143 Cost of sales Cost of goods sold (47,325) (331,842) (270,599) Cost of services (1,114) (7,814) (7,730) (48,439) (339,656) (278,329) Gross profit 11,750 82,389 65,814 Selling, general and administrative Expenses (5,673) (39,778) (26,219) Research and development expenses (1,374) (9,633) (8,557) Other operating (expenses) /income, net (5) (38) 60 Income from operations 4,698 32,940 31,098 Interest expense (34) (240) (769) Interest income 1,086 7,618 1,700 Income before income taxes and minority interests 5,750 40,318 32,029 Income tax expense (469) (3,291) (2,964) Income before minority interests 5,281 37,027 29,065 Minority interests - - (544) Net income 5,281 37,027 28,521 $ RMB RMB Earnings per share - Basic 0.14 0.95 0.86 - Diluted 0.13 0.93 0.83 Weighted average number of common shares outstanding - Basic 39,056,811 33,057,444 - Diluted 39,961,321 34,317,751 COMTECH GROUP, INC. and SUBSIDIARIES UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS AS OF MARCH 31, 2008 AND DECEMBER 31, 2007 (in thousands, except share data) March 31, 2008 March 31, 2008 Dec 31, 2007 $'000 RMB'000 RMB'000 Assets Current assets: Cash 122,981 862,342 919,650 Pledged bank deposits 7,128 49,979 51,603 Accounts receivable, net of allowance for doubtful accounts 65,573 459,796 418,329 Bills receivable 7,525 52,762 35,300 Inventories 14,335 100,520 129,892 Prepaid expenses and other receivables 2,963 20,779 18,306 Total current assets 220,505 1,546,178 1,573,080 Property and equipment, net 2,845 19,951 17,848 Intangible assets, net 20,280 142,206 148,659 Investment in an affiliated company 59 416 416 Goodwill 14,186 99,474 99,474 Other assets 134 938 1,063 Total Assets 258,009 1,809,163 1,840,540 Liabilities and stockholders' equity Current liabilities: Trade accounts payable 25,359 177,816 174,628 Bank borrowings - - 9,080 Amounts due to related parties - - 1,403 Income taxes payable 1,480 10,379 6,957 Accrued expenses and other liabilities 17,291 121,241 169,046 Deferred income taxes 587 4,116 4,071 Total current liabilities 44,717 313,552 365,185 Deferred income taxes 2,913 20,425 21,487 Total liabilities 47,630 333,977 386,672 Stockholders' equity Common stock Par value: USD 0.01 Authorized: 200,000,000 Shares; Issued and outstanding: 38,498,769 shares in 2008 and 38,496,167 shares in 2007 449 3,150 3,150 Additional paid-in capital 156,417 1,096,798 1,085,459 Retained earnings 66,366 465,360 428,333 Accumulated other comprehensive loss (12,853) (90,122) (63,074) Total stockholders' equity 210,379 1,475,186 1,453,868 Total liabilities and stockholders' equity 258,009 1,809,163 1,840,540 COMTECH GROUP, INC. and SUBSIDIARIES RECONCILIATION OF NON-GAAP MEASURES TO THE MOST COMPARABLE GAAP MEASURES FOR THE QUARTERS ENDED MARCH 31, 2008 AND 2007 (in thousands, except share data) Three Months Ended March 31 2008 2007 $'000 $'000 Net Income GAAP net income 5,281 3,693 Share-based compensation expense 1,617 1,208 Acquisition related costs - amortization of purchased intangible assets and recognized deferred taxation 775 230 Non-GAAP net income 7,673 5,131 Income from operation GAAP income from operations 4,698 4,027 Share-based compensation expense 1,617 1,208 Acquisition related costs - amortization of purchased intangible assets 920 230 Non-GAAP income from operation 7,235 5,465 Operating Margin GAAP operating margin 9.7% 9.0% Non-GAAP operating margin 14.9% 12.2% Earnings per share $ $ GAAP net income per common share- Basic 0.14 0.11 GAAP net income per common share- Diluted 0.13 0.11 Non-GAAP net income per common share- Basic 0.20 0.16 Non-GAAP net income per common share- Diluted 0.19 0.15 Weighted average number of common shares outstanding Non-GAAP net income per common share- Basic 39,056,811 33,057,444 Non-GAAP net income per common share- Diluted 39,961,321 34,317,751

Comtech Group, Inc.

CONTACT: Investor Relations, H.K., +852 2730 1518, U.S., +1-646-291-8998,
Fax, +86 755 2674 3522, communications@comtech.com.cn

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

Intrusion Inc. Announces Financial Release Date and Conference Call

RICHARDSON, Texas, May 7 /PRNewswire-FirstCall/ -- Intrusion Inc. (BULLETIN BOARD: INTZ) , ("Intrusion") will announce first quarter 2008 financial results on Tuesday, May 13, 2008. The press release will be published over the wire services after the market closes. The release will also be available on the company's web site at http://www.intrusion.com/. Intrusion management will review the Company's financial and operational progress for the first quarter 2008 during a conference call later that day at 4:00 P.M., CDT.

Interested investors can access the call at 1-800-399-2043 (outside the United States, please dial 1-706-634-5518) at 4:00 P.M., CDT. For those unable to participate in the live conference call, a replay will be accessible beginning May 13, 2008 at approximately 7:00 P.M., CDT until May 20, 2008 by calling 1-800-642-1687 (if outside the United States, 1-706-645-9291). At the replay prompt, enter conference identification number 46941655. In addition, a live and archived audio webcast of the conference call will be available at http://www.intrusion.com/.

About Intrusion Inc.

Intrusion Inc. is a global provider of data leak prevention, regulated information compliance, entity identification systems, and network intrusion prevention and detection solutions. Intrusion's product families include the Compliance Commander(TM) for data leak prevention and regulated information compliance, TraceCop identification and location system, and Intrusion SecureNet(TM) for network intrusion prevention and detection. Intrusion's products help protect critical information assets by quickly detecting, protecting, analyzing and reporting attacks or misuse of classified, private and regulated information for government and enterprise networks. For more information, please visit http://www.intrusion.com/.

Contact Michael L. Paxton, VP, CFO 972.301.3658, mpaxton@intrusion.com

Photo: http://www.newscom.com/cgi-bin/prnh/20030703/INTRUSIONLOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Intrusion Inc.

CONTACT: Michael L. Paxton, VP, CFO of Intrusion Inc., +1-972-301-3658,
mpaxton@intrusion.com

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

VoiceNetworkx Announces Beginning Work Related to Testing 100 Mile Fiber Optic Circuit That Spans From the Inland Empire to Los Angeles

HEMET, Calif., May 7 /PRNewswire-FirstCall/ -- VoiceNetworkx Corporation (Pink Sheets: VNWX) (http://www.voicenetworkx.com/) announced today that it will initiate testing of its fiber optic circuit that spans from the Inland Empire to Los Angeles.

The 100 plus miles long fiber optic circuit, the backbone of the network VoiceNetworkx is building in the Inland Empire, will provide high quality and availability broadband to the subscriber base and other carriers across one of the most densely populated regions of the state of California. Research estimates that VoiceNetworkx's infrastructure, situated along the Highway I-10 and one of the busiest transport arteries in the US, will have access to 2.3 million businesses and residential subscribers.

VoiceNetworkx will provide access to the fiber to other carriers, including regional CLEC's, mobile carriers, financial institutions, Law Enforcement and other ISP's as well as residential and small business subscribers across 3 Counties. The west end of the fiber circuit surfaces at 1 Wilshire Ave in Los Angeles. This is one of the largest and most important Telecom hubs in the nation and the world.

The high capacity circuit will provide the conduit for converged IP traffic for VoiceNetworkx. The fiber runs across or adjacent to 29 cities. "The last-mile is the gap in the all-fiber optic broadband network (currently occupied by older and slower copper cables) between end-user buildings and the much larger beltway fiber optic networks that circle around cities," explained CEO Malcolm Leal. "VoiceNetworkx's sole focus is to replace that copper bottleneck with the 21st Century technology by extending the reach of the fiber to the home using high quality, flexible and affordable wireless access for broadband."

Several Points of Presence along the fiber corridor will be built in the upcoming months in order to accommodate service requests from carriers and businesses/residential subscribers along the circuit.

VoiceNetworkx, Inc.

CONTACT: VoiceNetworkx, Inc., +1-951-571-3344

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

CTG Announces Availability of 2008 Annual Meeting Presentation

BUFFALO, N.Y., May 7 /PRNewswire-FirstCall/ -- CTG , an international information technology (IT) solutions and staffing company, today announced that it will post management's presentation to be given at its annual meeting of shareholders on the Company's web site at http://www.ctg.com/ on Wednesday May 14, 2008 at 10:00 AM Eastern Time. The Company's annual meeting will begin at that time at its corporate headquarters in Buffalo, New York. The presentation will focus on CTG's business strategy and its financial results in 2007 and the first quarter of 2008 as well as the outlook for the remainder of 2008. The presentation will be archived in the investors section of the Company's web site for 60 days following the meeting.

Backed by over 40 years' experience, CTG provides IT solutions and staffing to help Global 2000 clients focus on their core businesses and use IT as a competitive advantage to excel in their markets. CTG combines in-depth understanding of our clients' businesses with a full range of integrated services and proprietary ISO 9001:2000-certified service methodologies. Our IT professionals based in an international network of offices in North America and Europe have a proven track record of delivering high-value, industry-specific solutions. More information about CTG is available on the Web at http://www.ctg.com/.

Safe Harbor Statement

The above-referenced presentation will contain certain forward-looking statements concerning the Company's current expectations as to future growth. These statements are based upon a review of industry reports, current business conditions in the areas where the Company does business, the availability of qualified professional staff, the demand for the Company's services, and other factors that involve risk and uncertainty. As such, actual results may differ materially in response to a change in such factors. Such forward-looking statements should be read in conjunction with the Company's disclosures set forth in the Company's 2007 Form 10-K and Management's Discussion and Analysis section of the Company's 2007 annual report, which are incorporated by reference. The Company assumes no obligation to update the forward-looking information contained in this release.

Today's news release, along with CTG news releases for the past year, is available on the Web at http://www.ctg.com/.

CONTACT: Richard Dye (716) 887-7306 richard.dye@ctg.com

CTG

CONTACT: Richard Dye, +1-716-887-7306, or richard.dye@ctg.com

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

Company News On-Call: http://www.prnewswire.com/comp/198025.html

AT&T and Pyxis Mobile Announce Exclusive Alliance to Deliver Mobile Applications to Financial Services IndustryCompanies to Extend Critical Business Data to AT&T Mobile Devices

SAN ANTONIO and WALTHAM, Mass., May 7 /PRNewswire-FirstCall/ -- AT&T Inc. and Pyxis Mobile today announced an alliance to deliver a suite of wireless solutions that could accelerate the adoption of mobile applications by financial services professionals, enabling them to maximize productivity, stay more connected to clients and keep up with the fast pace of Wall Street.

Under the agreement, AT&T, the nation's leading wireless carrier and the largest provider of BlackBerry(R) services worldwide, will be the exclusive carrier distributor in the United States for Pyxis Mobile, the leading mobile applications provider in the financial services industry. Combined, AT&T and Pyxis Mobile serve more than 200 of the largest global financial services companies.

"We're pleased to be working with Pyxis Mobile to deliver solutions to the financial services community that will enhance the ability to use mobile technology to serve clients, monitor portfolios and stay connected to the minute-by-minute changes in financial markets around the world," said Regina Egea, senior vice president, Business Marketing, AT&T Global Business Services.

"By combining with the vast resources of AT&T, we will have the scale to elevate our industry-leading platform throughout the financial services industry," said Robert Mazzarella, chairman, Pyxis Mobile. "As more financial services companies turn to mobile technology as the linchpin to deliver corporate data and other information to their field forces and clients, we are best-positioned to provide the solutions they require."

AT&T's Financial Focus

This agreement is the latest example of AT&T's recent initiatives to broaden its capabilities in the financial services industry. In the past three years, the company has created an industry solutions mobility applications practice focused on delivering line-of-business applications to banking, investment and insurance firms.

The practice, consisting of dedicated marketing and mobility applications consultants, extended AT&T's leadership position in wireless e-mail for financial services to also provide:

-- Expertise to mobilize financial services business processes. -- A portfolio of line-of-business mobile applications tailored to the work flows and compliance requirements of financial institutions. -- Wireless strategy consulting for financial firms.

"AT&T has gained respect for its thought leadership approach in mobilizing the strategic business process," said Sheryl Kingstone, director, Enterprise Research, Yankee Group. "The increased momentum with industry solutions makes the exclusive distribution relationship with Pyxis Mobile a natural extension of that strategy."

"Mobile communications has moved from being a technology of convenience to a technology of necessity in financial services," said Daniel M. Cain, managing director and chief executive officer of New York investment bank Cain Brothers. "Our team has to have instant access to key data in order to be able to respond to changes in the market or the needs of our clients at any time and from any place. This alliance holds the promise of bringing tremendous scale and resources toward integrating a major wireless provider with a strong mobile application built specifically for the financial services professional."

AT&T and Pyxis Mobile are creating several new solutions as a part of their alliance, including linking AT&T's new Navigator Global Positioning Service (GPS) with the Pyxis Mobile platform. The combination will enable a financial services professional, for example, to access customer data, such as a company's address, from a corporate database and then easily map the location on a wireless device to schedule daily sales appointments.

Single Source, Single Bill

The AT&T and Pyxis Mobile solution will provide end-to-end services from a single source with a single bill. The solution has been thoroughly pretested and certified by AT&T on key enterprise devices, such as BlackBerry smartphones.

Financial services professionals can use intuitive pre-built applications or use Pyxis Mobile's Application Studio to create their own customized mobile applications. With these, professionals can improve productivity and work flow to perform a wide range of tasks by using the AT&T/Pyxis Mobile solution, including:

-- Integrating directly with existing sales, CRM and other enterprise systems. -- Accessing static and real-time reports, such as portfolio holdings, research reports, issuer ratings and commission compliance and performance reports. -- Logging contacts, entering notes, ordering literature, sending e-mail and managing a schedule while in the field without the need for inside support. -- Viewing sector and position-related market research. -- Gaining real-time access to lending approval and status process. -- Accessing a 360-degree "total client" account view across multiple enterprise systems. -- Mobilizing executive dashboards and management reporting.

The agreement also calls for AT&T to provide extended support for Pyxis Mobile's customers through AT&T call centers after Pyxis' normal business hours. AT&T will handle not only network issues but also provide initial software and other product support. In addition, the firms will provide professional services and custom integration through AT&T.

AT&T offers a wide range of strategic mobility products and services to the financial services industry, including wireless e-mail and laptop mobility, on the largest wireless voice and data network in the United States. The AT&T network provides voice connectivity in more than 200 countries and data capabilities in more than 145 countries.

Pyxis Mobile offers mobile financial applications for the investment, insurance and banking industries that provide secure access to enterprise data, where and when users need it. Whether the customer's business process includes data from one source or from many, Pyxis Mobile's industry-specific wireless applications are purpose-built to meet their needs.

For more information on the AT&T and Pyxis Mobile alliance, visit http://www.att.com/pyxismobile.

About AT&T

AT&T Inc. is a premier communications holding company. Its subsidiaries and affiliates, AT&T operating companies, are the providers of AT&T services in the United States and around the world. Among their offerings are the world's most advanced IP-based business communications services and the nation's leading wireless, high speed Internet access and voice services. In domestic markets, AT&T is known for the directory publishing and advertising sales leadership of its Yellow Pages and YELLOWPAGES.COM organizations, and the AT&T brand is licensed to innovators in such fields as communications equipment. As part of its three-screen integration strategy, AT&T is expanding its TV entertainment offerings. In 2008, AT&T again ranked No. 1 on Fortune magazine's World's Most Admired Telecommunications Company list and No. 1 on America's Most Admired Telecommunications Company list. Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at http://www.att.com/.

(C) 2008 AT&T Intellectual Property. All rights reserved. AT&T, the AT&T logo and all other AT&T marks contained herein are trademarks of AT&T Intellectual Property and/or AT&T affiliated companies. All other marks contained herein are the property of their respective owners.

Note: This AT&T news release and other announcements are available as part of an RSS feed at http://www.att.com/rss. For more information, please review this announcement in the AT&T newsroom at http://www.att.com/newsroom.

About Pyxis Mobile

Pyxis Mobile is the leading provider of innovative wireless applications that meet the diverse needs of the financial services industry. Pyxis Mobile provides a collection of award-winning wireless business applications, a library of exclusive 3rd-party content, and a best-in-class Application Studio that empowers the creation of highly specialized mobility configurations to fit any need. To date, Pyxis Mobile applications are in use at 28 of the top 50 global asset managers, 16 of the top 25 insurance carriers, and 3 of the top 5 U.S. banks. Pyxis Mobile's customer list includes such companies as AIM, Blackstone Group, Deutsche Asset Management, Pioneer, Manulife, New York Life Investment, AXA Financial, Henderson Global, Sun Life Financial, and OppenheimerFunds. For more information, contact Pyxis Mobile at 781.997.0300 or visit http://www.pyxismobile.com/.

AT&T Inc.

CONTACT: William Marks of AT&T, +1-404-236-5941, mobile,
+1-404-510-9347, William.Marks@att.com; or Deborah Eisenberg of Pyxis,
+1-646-495-5549, mobile, +1-917-628-7648, pyxis@cognitomedia.com

Web site: http://www.att.com/
http://www.pyxismobile.com/

Orleans Homebuilders Conference Call for Fiscal Third Quarter 2008 Financial Results Scheduled for May 12, 2008

BENSALEM, Pa., May 7 /PRNewswire-FirstCall/ -- Orleans Homebuilders, Inc. will hold a conference call on Monday, May 12, 2008 at 10:00 AM EDT to discuss results for the fiscal third quarter 2008. You may listen to the conference call and view the Company's slide presentation over the internet by going to the "Investor Relations" section of the Company's website at http://www.orleanshomes.com/.

About Orleans Homebuilders, Inc.

Orleans Homebuilders, Inc. develops, builds and markets high-quality single-family homes, townhouses and condominiums. The Company serves a broad customer base including luxury, move-up, empty nester, active adult and first-time homebuyers. The Company currently operates in the following eleven distinct markets: Southeastern Pennsylvania; Central and Southern New Jersey; Orange County, New York; Charlotte, Raleigh and Greensboro, North Carolina; Richmond and Tidewater, Virginia; Chicago, Illinois; and Orlando, Florida. The Company's Charlotte, North Carolina operations also include adjacent counties in South Carolina. To learn more about Orleans Homebuilders, please visit http://www.orleanshomes.com/.

Orleans Homebuilders, Inc.

CONTACT: Garry Herdler of Orleans Homebuilders, Inc., +1-215-245-7500

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

Overstock.com Teams Up With NBA All-Star Carlos Boozer

SALT LAKE CITY, May 7 /PRNewswire-FirstCall/ -- Utah Jazz All-Star Power Forward, Carlos Boozer, and on-line retailer, Overstock.com, Inc. announced today that they have entered a four-year agreement that will remain active through April 2012 and includes Boozer making appearances on behalf of Overstock.com.

The collegiate and NBA basketball star and current U.S. Olympian, known for his affable personality, is also the co-founder, along with his wife, Cindy, of Boozer's Buddies, a non-profit organization that supports the research and treatment of Sickle Cell Anemia, and provides information and a support system for the families who are affected by it. Partnering with Boozer on his charitable initiatives furthers Overstock.com's longstanding record of funding charitable causes in Utah and throughout the nation. Other non-profit companies to which Overstock.com currently lends support to include the Girl Scouts, U.S. Armed Forces blood bank, Bringing Hope Foundation, and Operation Give.

"Carlos and Cindy share the same values and ideals as Overstock.com, and their commitment to these values is admirably demonstrated by their charitable organization. They are also both avid online shoppers, as they need to supply an 'overstocked' home with all the necessary products to raise three young boys. All of these factors make this relationship a great fit. It will highlight that Utah is home to Overstock.com, Carlos, and Boozer's Buddies. Together we can help a lot of people in the years to come," said Overstock.com chairman and CEO Patrick Byrne, who has been especially eager to further disease research since he cycled across the country in connection with the Pan Mass Challenge and helped raise record-breaking funds for cancer research.

"Overstock.com and Patrick Byrne have a track record of offering socially responsible products, and for reaching out to people who need help. I am really excited to work with such a great company. I look forward to building Overstock.com's presence in the product and consumer marketplace, and building awareness and support for Boozer's Buddies at the same time," said Boozer.

About Overstock.com

Overstock.com, Inc. is an online retailer offering brand-name merchandise at discount prices. The company offers its customers an opportunity to shop for bargains conveniently, while offering its suppliers an alternative inventory distribution channel. Overstock.com, headquartered in Salt Lake City, is a publicly traded company listed on the NASDAQ Global Market System and can be found online at http://www.overstock.com/.

Overstock.com(R) is a registered trademark of Overstock.com, Inc.

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements include, but are not limited to, statements regarding the continuation of the charitable partnership through April 2012, statements concerning future charitable activities, the company's future assistance in charitable causes, and services to be provided by Mr. Boozer. Our Form 10-K for the year ended December 31, 2007, our subsequent quarterly reports on Form 10-Q, or any amendments thereto, and our other subsequent filings with the Securities and Exchange Commission identify important factors that could cause our actual results to differ materially from those contained in our projections, estimates or forward-looking statements.

Overstock.com, Inc.

CONTACT: media, Kirstie Burden, +1-801-947-3116, kburden@overstock.com,
or investors, Kevin Moon, +1-801-947-3282, kmoon@overstock.com, both of
Overstock.com, Inc.; or Diana Day of The Landmark Sports Agency, LLC,
+1-310-966-4101, dday@landmarksports.com, for Carlos Boozer

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

AT&T Flips On Wi-Fi at USA Gymnastics Women's National Team Training CenterAmerican Gymnasts Can Now Leap Online to Stay Better Connected to Friends and Family as They Prepare for 2008 Olympic Games

HUNTSVILLE, Texas, May 7 /PRNewswire-FirstCall/ -- AT&T Inc. today announced the launch of AT&T Wi-Fi(SM) service at the USA Gymnastics Women's National Team Training Center -- the designated training center for the U.S. Women's National Team -- located 60 miles north of Houston. The new AT&T Wi-Fi service will help the U.S. Women's National Team stay connected to friends, family and coaches as the athletes train for the upcoming 2008 Olympic Games in Beijing.

The Wi-Fi launch is part of AT&T's role as an official sponsor for USA Gymnastics to provide financial support, products and services to aid in the training of America's gymnasts. Before today's upgrade, gymnasts and coaches had limited connectivity throughout the training center and experienced slow speeds and little bandwidth during peak usage times throughout training camps, making it difficult to keep up with family and friends.

AT&T Wi-Fi is now broadly available throughout the training center, including the national training gym and office, athlete and coach housing and the other buildings. With AT&T Wi-Fi service, gymnasts, coaches and staff enjoy a convenient, fast and reliable Internet connection and online experience -- without the wires.

"Training for the Olympic Games is no easy feat, and we're proud to help our American gymnasts stay in touch with what's important to them," said Jason Simpson, AT&T director of Olympic Integration. "These athletes have little time to surf the Web and catch up with friends and family. When they have the opportunity to get online, they need a connection that's fast, reliable and easy to access. And that's what we're delivering with AT&T Wi-Fi."

"Our athletes, coaches and staff really appreciate AT&T providing the advanced Wi-Fi network," said Steve Penny, president of USA Gymnastics. "AT&T's support continues to help our country's best gymnasts as they work toward qualifying for Team USA in the 2008 Olympic Games. AT&T Wi-Fi service is already receiving great reviews from the team."

Team USA enthusiasts who want to stay connected to their favorite U.S. athletes can log on to the AT&T blue room (http://www.attblueroom.com/teamusa) to enjoy webcasts of events and exclusive interviews with AT&T U.S. Olympic Team hopefuls. The blue room currently features "USA Gymnastics: Behind the Team," the online series available only on the AT&T blue room Team USA site. U.S. Olympic Team hopeful gymnast Nastia Liukin is featured in an AT&T Tips and Training program episode -- an original production that provides fans access to sport-specific training tips from several elite U.S. Olympic Team hopefuls -- and she also is in the latest AT&T Home Turf episode -- a series of streaming video webisodes in which athletes grant fans a behind-the-scenes peek of life off the clock. AT&T U-verse(SM) TV customers can also connect with U.S. Olympic Team hopefuls with AT&T Tips and Training and "USA Gymnastics: Behind the Team" via AT&T Team USA On Demand.

Today's announcement is the latest step by AT&T to help U.S. Olympic and Paralympic athletes train and compete. AT&T is an official sponsor of the U.S. Olympic Team and provides significant financial support, products and services to the U.S. Olympic Committee.

AT&T will also serve as the official telecommunications services partner of the U.S. Olympic Team for the 2008 Olympic Games in Beijing. In addition to supporting USA Gymnastics, the company serves as an official partner for several National Governing Bodies, including USA Track & Field, USA Diving and USA Swimming.

These sponsorships are an important part of AT&T's mission to connect people with their world, everywhere they live and work, and do it better than anyone else.

Additional information about AT&T's sponsorship of the U.S. Olympic Team is available at http://www.att.com/teamusa2008. For more information on AT&T's products and services, visit http://www.att.com/.

About USA Gymnastics

Based in Indianapolis, USA Gymnastics is the national governing body for gymnastics in the United States. Its mission is to encourage participation and the pursuit of excellence in the sport. Its disciplines include men's and women's artistic gymnastics, rhythmic gymnastics, trampoline and tumbling, and acrobatic gymnastics. For more information, log on to http://www.usa-gymnastics.org/.

About AT&T

AT&T Inc. is a premier communications holding company. Its subsidiaries and affiliates, AT&T operating companies, are the providers of AT&T services in the United States and around the world. Among their offerings are the world's most advanced IP-based business communications services and the nation's leading wireless, high speed Internet access and voice services. In domestic markets, AT&T is known for the directory publishing and advertising sales leadership of its Yellow Pages and YELLOWPAGES.COM organizations, and the AT&T brand is licensed to innovators in such fields as communications equipment. As part of its three-screen integration strategy, AT&T is expanding its TV entertainment offerings. In 2008, AT&T again ranked No. 1 on Fortune magazine's World's Most Admired Telecommunications Company list and No. 1 on America's Most Admired Telecommunications Company list. Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at http://www.att.com/.

(C) 2008 AT&T Intellectual Property. All rights reserved. AT&T, the AT&T logo and all other marks contained herein are trademarks of AT&T Intellectual Property and/or AT&T affiliated companies.

Note: This AT&T news release and other announcements are available as part of an RSS feed at http://www.att.com/rss. For more information, please review this announcement in the AT&T newsroom at http://www.att.com/newsroom.

AT&T Inc.

CONTACT: Jill Pawelek of AT&T Corporate Communications, +1-210-352-6967,
jpawelek@attnews.us

Web site: http://www.att.com/
http://www.usa-gymnastics.org/

TRX Names William A. Clement, Jr. to Board of Directors

ATLANTA, May 7 /PRNewswire-FirstCall/ -- TRX, Inc. , a global technology company that develops and hosts software applications to process data records and automate manual processes, today announced the appointment of William A. Clement, Jr. to the Company's Board of Directors. He will serve as a director and as a member of the Audit Committee and the Compensation, Corporate Governance, and Nominating Committee of the Company's Board of Directors.

Mr. Clement is considered to be an independent director, as defined by the rules of the NASDAQ Stock Market, and an audit committee financial expert, as defined by the Securities and Exchange Commission.

Mr. Clement is the Chairman & CEO of DOBBS, RAM & Company, a systems integration company that he founded in 1981. He has served in various key roles in the public and private sector during his 40 year career, working in leadership positions with the financial sector. He has also served on several corporate and non-profit boards.

"We are excited for Bill to join our Board of Directors," commented Trip Davis, TRX President and CEO. "He brings strong leadership skills, financial background, and great experience to our Board, management team, and shareholders."

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 entitled "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.

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.

CONTACT: Investors: David Cathcart, Chief Financial Officer, TRX,
+1-404-929-6139

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

TIBCO Displays High Performance Service Component Architecture (SCA) on ActiveMatrix Service Grid at 2008 JavaOne ConferenceTIBCO to Speak on Panel Session Discussing SCA and Its Role with Java Technology-Based SOA Development

SAN FRANCISCO, May 7 /PRNewswire-FirstCall/ -- . TIBCO Software Inc. (http://www.tibco.com/) today announced it is demonstrating how the combination of SCA and the TIBCO ActiveMatrix(TM) Service Grid provides a highly scalable Service Oriented Architecture (SOA) combination for enterprise developers looking to reap the benefits of both models.

Using SCA helps in part by laying a common framework for organizing, modeling and composing services within the enterprise. SCA goes beyond previous interoperability standards and provides a design standard that allows enterprise architects and developers a model driven approach to creating composite service oriented applications.

"ActiveMatrix Service Grid enables companies to achieve extreme scalability by providing service virtualization through an open, extensible service platform based on a proven foundation," said Matt Quinn, senior vice president of engineering and technology strategies at TIBCO. "Service virtualization provides developers with fast and easy-to-use tools that enable them to quickly get their jobs done, not devote their limited working hours to rebuilding common components."

Developers can use SCA to provide a simpler and more service-oriented approach to building business logic. ActiveMatrix Service Grid helps by providing an OSGI-based development environment for service enablement in high-performance application environments to leverage the benefits of agility and flexibility of an SOA without sacrificing high performance.

Using TIBCO ActiveMatrix Service Grid and SCA, developers can go beyond Java and BPEL services to also have Java coupled with .NET, offering a powerful combination for enterprise customers to manage their broader technology infrastructure.

Panel Discussion

Scott Vorthman, senior architect at TIBCO, will be a panel member at the 2008 JavaOne Conference. The panel session, "Open Standards for SOA and Java," will take place on Wednesday, May 7 at 4:10 PM in the Moscone Center-Gateway 102/103.

The discussion will address questions about the Service Component Architecture (SCA) standard and its relationship to Java and other technology-based SOA development.

TIBCO at 2008 JavaOne Visit TIBCO in the JavaOne Pavilion in the SOA Village at booth #318. About TIBCO

TIBCO digitized Wall Street in the '80s with its event-driven "Information Bus" software, which helped make real-time business a strategic differentiator in the '90s. Today, TIBCO's infrastructure software gives customers the ability to constantly innovate by connecting applications and data in a service-oriented architecture, streamlining activities through business process management, and giving people the information and intelligence tools they need to make faster and smarter decisions, what we call The Power of Now(R). TIBCO serves more than 3,000 customers around the world with offices in 20 countries and an ecosystem of over 200 partners. Learn more at http://www.tibco.com/.

TIBCO, The Power of Now, ActiveMatrix, ActiveMatrix Service Grid and TIBCO Software are trademarks or registered trademarks of TIBCO Software Inc. in the United States and/or other countries. All other product and company names and marks mentioned in this document are the property of their respective owners and are mentioned for identification purposes only.

TIBCO Software Inc.

CONTACT: Phillip Tree of TIBCO Software Inc., +1-650-846-8529,
ptree@tibco.com; or Bill Bourdon of Bateman Group, +1-415-602-1491,
bbourdon@bateman-group.com, for TIBCO Software Inc.

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

Turkcell Breaks New Ground in the Advertising World!Callers Listen to Advertisements From Their Mobile Phones 'Tone & Win'

ISTANBUL, May 7 /PRNewswire-FirstCall/ -- Breaking new ground in mobile advertising, Turkcell has launched "TonlaKazan" ("Tone&Win"), an innovative mobile advertising platform. By choosing a branded RingBack Tone on TonlaKazan, Turkcell customers will win airtime or credits when their callers listen to branded music

TonlaKazan, the world's first RingBack Tone mobile advertising platform, is a unique and innovative solution for the advertising industry. Turkcell customers win airtime or credits depending on the amount of time their callers listen to a branded RingBack Tone selected by the customer. During the launch period only a limited amount of Turkcell customers will be able to register for TonlaKazan.

Turkcell Value Added Services Chief Executive Officer Cenk Serdar said, "We are proud of breaking new ground in the advertising industry. We are not just launching a new advertising platform with TonlaKazan, but also a new concept. We have launched the service with major brands like Akbank, Coca-Cola, Digiturk, Garanti Bankasi, gnctrkcll, Kraft, Nestle, Nivea, P&G, and Unilever."

It is possible to become a member of TonlaKazan through Web, Wap and SMS channels. Customers can simply select the branded music of their choice as a RingBack Tone that they want their social community to hear.

4play Digital Workshop, a provider of innovative products and ideas, partnered with Turkcell to develop TonlaKazan.

TonlaKazan has a performance-based pricing model, Cost Per Listening (CPL) in which advertisers are charged according to the amount of branded RingBack Tones that callers hear, providing a measurable advertising channel.

http://www.tonlakazan.com/ About Turkcell

Turkcell is the leading GSM operator in Turkey with 35.4 million postpaid and prepaid customers as of December 31, 2007 operating in a three player market with a market share of approximately 57% as of December 31, 2007 (Source: The Telecommunications Authority). In addition to high-quality wireless telephone services, Turkcell currently offers General Packet Radio Service ("GPRS") countrywide and Enhanced Data Rates for GSM Evolution ("EDGE") in dense areas, which provide for both improved data and voice services. Turkcell provides roaming with 578 operators in 197 countries as of April 25, 2008. Serving a large subscriber base in Turkey with its high-quality wireless telephone network, Turkcell reported US$6.3 billion net revenue for the year ended December 31, 2007 as per IFRS financial statements. Turkcell has interests in international GSM operations in Azerbaijan, Georgia, Kazakhstan, Moldova, Northern Cyprus and Ukraine. Turkcell has been listed on the New York Stock Exchange ("NYSE") and the Istanbul Stock Exchange ("ISE") since July 2000 and is the only NYSE listed company in Turkey. 51.00% of Turkcell's share capital is held by Turkcell Holding, 4.22% by Cukurova Group, 13.07% by Sonera Holding, 2.32% by M.V. Holding and 0.01% by others while the remaining 29.38% is free float.

For further information: Defne Bali, Cem Tanir, Corporate Communications Tel: +90-212-313-2320 Email: defne.bali@turkcell.com.tr

Turkcell

CONTACT: For further information: Defne Bali, Cem Tanir, Corporate
Communications, Tel: +90-212-313-2320, Email: defne.bali@turkcell.com.tr

Kenexa Maintains Coveted Verizon Business Security CertificationCybertrust Certification Reinforces Kenexa's Commitment to Strengthening Its Information Security Around the World

BASKING RIDGE, N.J., May 7 /PRNewswire/ -- Verizon Business announced Wednesday (May 7) that Kenexa -- a leading global provider of HR software, content and services -- has maintained the prestigious Verizon Business Security Management Program (SMP) Cybertrust Certification for perimeter (network border) and application (software) security. The certifications underscore Kenexa's commitment to maintaining secure operations.

The Security Management Program is designed to help customers take a proactive approach to security by reducing risk across an entire organization. Working closely with customers, the program reviews information security measures and synergistically addresses a broad range of security needs, from network and system analysis to security policy inspection.

Of the more than 1,000 businesses and government agencies whose information security measures have been reviewed under the program, only about half receive the Cybertrust Certification, which must be renewed annually.

"The security landscape continually shifts and changes," said Kerry Bailey, vice president of Verizon Business Security Solutions. "Periodic reviews by security experts can help protect against existing and emerging threats. By earning its Cybertrust Certification, Kenexa is demonstrating to its customers, employees and other key stakeholders that it places the highest importance on information security -- a critical component of conducting business in today's global marketplace."

The Cybertrust Perimeter Certification provides assurance that the information security controls, policies and procedure of Kenexa's production systems, networks and physical environment have been examined, measured and validated by an industry leader against a stringent set of information security standards. The program helped the company strengthen its external perimeter infrastructure for the fifth year in a row, enabling it to more effectively prioritize and identify security risks and then proactively manage them before they can have an impact.

For the third consecutive year, Kenexa continues to maintain its Cybertrust Application Certification for Kenexa Recruiter(R) BrassRing, the company's talent management software. This certification is targeted at protecting software that is vulnerable to application-level attacks, a growing area of concern among businesses.

Verizon Business conducted a detailed review and analysis of the applications that comprise Kenexa Recruiter(R) BrassRing (Agency Manager, Talent Gateway and Workbench), including the supporting infrastructure and software development lifecycle. The Cybertrust Application Certification demonstrates Kenexa's commitment to developing and running applications that are secure.

"Kenexa has grown considerably -- both organically and through acquisitions, around the world -- in its more than 20 years in operation," said Jim Restivo, chief knowledge officer, Kenexa. "Our relationship with Verizon Business has allowed us to grow at an accelerated pace while delivering excellent customer service with confidence. It's critical to Kenexa that our interactions with customers are safeguarded, and Verizon Business provides us with that peace of mind."

Verizon Business Security Solutions Powered by Cybertrust

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

About Kenexa

Kenexa Corporation is a global leader in building the world's greatest workforces using a combination of software, employee research science and business process optimization. Kenexa's global solutions include applicant tracking, onboarding, recruitment process outsourcing, employment branding, skills and behavioral assessments, structured interviews, performance management, multi-rater feedback surveys, employee engagement surveys and HR Analytics. Kenexa is headquartered in Wayne, Pa. (outside Philadelphia). Additional information about Kenexa and its global products and services can be accessed at http://www.kenexa.com/.

About Verizon Business

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

Verizon Business

CONTACT: Brianna Carroll Boyle, +1-703-859-4251,
brianna.boyle@verizon.com

Web site: http://www.verizonbusiness.com/
http://www.kenexa.com/

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

Flextronics Completes Acquisition of CEAG's FRIWO Mobile Power Business Unit

SINGAPORE, May 7 /PRNewswire-FirstCall/ -- Flextronics today announced that it has completed its previously announced acquisition of the FRIWO Mobile Power (FMP) business unit of CEAG AG, a global market leader for power supplies and chargers for mobile telephones. FMP is now part of Flextronics' power supply division.

"The acquisition of the FRIWO Mobile Power Business unit substantially expands our power supply capability and we expect to be one of the top power supply companies within the next 18 months," said Bob Roohparvar, president of Vista Point Technologies. "This acquisition broadens our relationships with mobile phone OEMS, enhances our global reach and adds vertical integration capabilities such as magnetic (transformer) manufacturing. On behalf of Flextronics, I would like to welcome the FMP team to our organization."

The acquisition will add approximately 18,000 employees and 700,000 square feet of manufacturing capacity in China.

About Flextronics

Headquartered in Singapore (Singapore Reg. No. 199002645H), Flextronics is a leading Electronics Manufacturing Services (EMS) provider focused on delivering complete design, engineering and manufacturing services to automotive, computing, consumer digital, industrial, infrastructure, medical and mobile OEMs. With the acquisition of Solectron, pro forma fiscal year 2008 revenues from continuing operations are more than US$33.6 billion. Flextronics helps customers design, build, ship, and service electronics products through a network of facilities in 30 countries on four continents. This global presence provides design and engineering solutions that are combined with core electronics manufacturing and logistics services, and vertically integrated with components technologies, to optimize customer operations by lowering costs and reducing time to market. For more information, please visit http://www.flextronics.com/.

Safe Harbor for Forward-Looking Statements

This press release contains forward-looking statements. These forward- looking statements include statements related to plans, projections and estimates regarding the acquisition, including future financial and operating results. These forward-looking statements are based on current assumptions and expectations and involve risks and uncertainties that could cause actual results to differ materially from those anticipated by the forward-looking statements. These risks include that the revenues, cost savings, growth prospects and any other synergies expected from the acquisition may not be fully realized due to difficulties integrating the businesses, operations and product lines of FMP or may take longer to realize than expected; and the other risks affecting Flextronics as described under "Business -- Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our quarterly and annual reports and other filings with the U.S. Securities and Exchange Commission. The forward-looking statements in this communication are based on current expectations and Flextronics assumes no obligation to update these forward-looking statements. Investors are cautioned not to place undue reliance on these forward-looking statements.

Flextronics

CONTACT: Thomas J. Smach, Chief Financial Officer, +1-408-576-7722,
investor_relations@flextronics.com, or Renee Brotherton, Vice President,
Corporate Communications, +1-408-576-7189, renee.brotherton@flextronics.com,
both of Flextronics

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

VZ Navigator Version 4: Available TodayVerizon Wireless Customers Can Now Avoid Traffic, Find Inexpensive Gas and More with the New VZ Navigator

BASKING RIDGE, N.J., May 7 /PRNewswire/ -- Verizon Wireless, builder and operator of the nation's most reliable wireless network, announced today that VZ Navigator(SM) (Version 4) is now available on select consumer phones. First announced during CTIA WIRELESS 2008, the newest version of VZ Navigator allows customers in 75 cities from coast to coast to access information about traffic incidents on major roadways, obtain traffic updates and find detours around traffic congestion and accidents. More cities are expected to be added in the coming year. In addition, the new version of VZ Navigator offers a 3D perspective view of maps, a movie and events finder, weather reports and forecasts, and gas prices at nearby gas stations.

(Photo: http://www.newscom.com/cgi-bin/prnh/20080507/NYW023 )

Verizon Wireless' VZ Navigator service is a location-based service (LBS) application that utilizes location-based technology and real-time and historical information feeds. The new version of VZ Navigator offers customers the following features:

-- Traffic Integration -- Customers in 75 cities can access routes that are calculated using both historical and real-time reported traffic information. Historical information allows customers to see on average whether the traffic is impacted by traffic lights, heavy traffic or school zones. Incident and flow information tells customers how traffic is flowing and includes details about reported accidents, disabled vehicles and congestion. VZ Navigator's historical data covers over 750,000 miles of roads in 48 states. The traffic tracking center continually monitors conditions along the customers' routes, sending proactive alerts to drivers about conditions ahead of them on their chosen routes. Detour options allow users to compare estimated times of arrival and conditions before selecting a new route. -- Local Movies and Events -- Customers can now search for show times, critics' ratings and other details for movies, concerts, plays, sporting events, and other social events based on the physical location of their phones. -- 3D Perspective View -- Enhances navigation by displaying maps from angles customers would see through car windshields, making it easier to visualize turn-by-turn directions. -- Gas Finder -- Provides customers with information on the location of gas stations close to their physical locations and even provides gas prices as reported by many gas stations in the area. Once a customer selects a station, VZ Navigator can also provide turn-by-turn directions to the selected gas station. -- Weather -- Provides current weather conditions and forecasts based on the physical location of the customer's phone without manually inputting an address.

Lee Daniels, vice president of consumer product development for Verizon Wireless, said, "With the new features of VZ Navigator, Verizon Wireless customers now have a powerful navigation device that not only gives them directions but also provides the latest traffic information and more. The expanded services on VZ Navigator are another example of how we provide our customers with a great value for their wireless dollar -- on the most reliable wireless network in the country."

Pricing and Availability

VZ Navigator (Version 4) is available today for $9.99 for unlimited monthly access or $2.99 for one-day use on select Get It Now(R)-enabled phones in the Get Going section under Travel & Guides or Featured Apps. Airtime or megabyte charges and specific terms of use apply when browsing, downloading and using the application. Traffic integration is only available in certain areas.

Verizon Wireless customers who currently have a subscription to VZ Navigator can upgrade on select phones by simply selecting Options from the main screen of VZ Navigator then selecting Check for Updates. At launch, the following phones are able to access VZ Navigator (Version 4): G'zOne Type-V and G'zOne Type-S; Kyocera K323; The V(TM), enV(2)(TM), envy(TM) Chocolate, Venus(TM), and Voyager(TM) by LG, LG VX5300, LG VX5400, LG VX8300, LG VX8350, LG VX8600, LG VX8700, and LG VX9400; Nokia 6205 and Nokia 2605; MOTOKRZR(TM) K1m, MOTORAZR(TM) maxx Ve, MOTORAZR(2) V9m, MOTORAZR(TM) V3c, MOTORAZR(TM) V3m, MOTOSLVR L7c, MOTO(TM) Z6c world edition, and Motorola W385; and Alias(TM) by Samsung, Verizon Wireless Juke by Samsung, Samsung SCH-a930, Samsung SCH-a990, Samsung SCH-u410, Samsung SCH-u540, and Samsung SCH-u620.

For more information on VZ Navigator, visit http://www.verizonwireless.com/vznavigator. For more information about Verizon Wireless products and services, visit a Verizon Wireless Communications Store, call 1-800-2 JOIN IN or go to http://www.verizonwireless.com/.

VZ Navigator's traffic capabilities are available on most major highways in the following markets today:

Alabama -- Birmingham -- Mobile Arizona -- Phoenix -- Tucson Arkansas -- Little Rock California -- Fresno -- Los Angeles -- Sacramento -- San Diego -- San Francisco -- San Jose Colorado -- Colorado Springs -- Denver Connecticut -- Hartford Florida -- Jacksonville -- Miami -- Naples -- Orlando -- Sarasota -- Tampa -- West Palm Beach Georgia -- Atlanta Illinois -- Chicago Indiana -- Indianapolis Kentucky -- Louisville Louisiana -- New Orleans Maine -- Portsmouth Maryland -- Baltimore Massachusetts -- Boston Michigan -- Detroit -- Grand Rapids Minnesota -- Minneapolis Missouri -- Kansas City -- St. Louis Nebraska -- Lincoln -- Omaha Nevada -- Las Vegas New Mexico -- Albuquerque New York -- Albany -- Buffalo -- New York -- Rochester -- Syracuse North Carolina -- Charlotte -- Greensboro -- Raleigh Ohio -- Cincinnati -- Cleveland -- Columbus -- Dayton -- Toledo Oklahoma -- Oklahoma City -- Tulsa Oregon -- Portland Pennsylvania -- Allentown -- Harrisburg -- Lancaster -- Philadelphia -- Pittsburgh -- Wilkes-Barre -- Wilmington Rhode Island -- Providence South Carolina -- Greenville Tennessee -- Memphis -- Nashville Texas -- Austin -- Dallas -- Houston -- San Antonio Utah -- Salt Lake City Virginia -- Norfolk -- Richmond Washington -- Seattle -- Spokane Washington, D.C. Wisconsin -- Milwaukee About Verizon Wireless

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

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20080507/NYW023
AP Archive: http://photoarchive.ap.org/
AP PhotoExpress Network: PRN2
PRN Photo Desk, photodesk@prnewswire.com Verizon Wireless

CONTACT: Jeffrey Nelson of Verizon Wireless, +1-908-559-7519,
Jeffrey.Nelson@verizonwireless.com

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

Boeing KC-767 Tanker: Sized Right for the Fight

ST. LOUIS, May 7 /PRNewswire-FirstCall/ -- The KC-767 Advanced Tanker developed by Boeing was sized to meet the aerial refueling requirements of the U.S. Air Force's mission and exceeded performance requirements to replace the aging, yet storied fleet of KC-135 medium tankers.

Despite the fact that the stated parameters for evaluating the aircraft said no extra credit would be assigned for exceeding certain requirement objectives, the Northrop Grumman and European Aeronautic Defence and Space Company (EADS) team received such credit. As a result, the oversized Airbus A330-based KC-30 was selected. Boeing has protested the decision to the U.S. Government Accountability Office.

According to the Statement of Objectives for the KC-X program, the primary mission of the new tanker would be aerial refueling rather than hauling cargo or transporting passengers. In order to meet the documented mission requirements, Boeing offered the KC-767, which efficiently fulfills the vital mission of a mid-sized aerial refueling fleet while also exceeding the highest requirements for airlift, passenger and aeromedical evacuation capabilities.

"Tanker flight crews are asked to bring the right amount of fuel to the fight in the most efficient, reliable manner, and the KC-767 meets that fundamental requirement," said Mark McGraw, vice president, Boeing Tanker Programs. "Asking these aircrews to fly longer missions in larger, less survivable planes with more fuel capacity than needed and vast amounts of unused cargo and passenger space just doesn't add up.

"The Boeing KC-767 exceeded the requirements in a manner that still kept the plane right-sized and efficient," McGraw said. "Our competition likes to talk about offering more, more, more -- but in reality, the KC-30 will cost more to operate, more to maintain, and more to house, with the U.S. taxpayer footing the bill."

A larger plane -- like the KC-30 tanker offered by Northrop Grumman and EADS -- simply results in wasted capacity, wasted efficiency and wasted taxpayer dollars.

The contrasts between the KC-767 and the KC-30 are notable and worth considering in determining the appropriate tanker for the mission:

-- Fuel Capacity -- The historical average offload on a tanker mission is 60,000 to 70,000 pounds of fuel. The Air Force fuel offload requirement was set at 94,000 pounds of fuel at 1,000 nautical miles, comfortably above the historical average. The KC-767 exceeded the 94,000-pound requirement by 20 percent while remaining within the optimum size for medium tanker operations. The KC-30 fuel capacity exceeded that requirement by 50 percent -- meaning more than half of its fuel load would be unused during an average mission. The result: a large tanker that burns more fuel and requires significantly higher costs in maintenance and support. -- Cargo/Passenger Capacity -- In 2006, the Air Force moved less than 1 percent of its cargo and passengers in tankers. The KC-767 does offer significantly more cargo and passenger capacity than the KC-135, but not at the expense of airplane size or efficiency. Again, the KC-30 carries more passengers and slightly more cargo based on weight, but with a bigger, less survivable and more costly plane. -- Aeromedical Evacuation -- The Air Force Request for Proposals set an objective requirement of being able to carry 24 litters and 26 ambulatory patients. The KC-767 carries 30 litters and 67 ambulatory patients, far exceeding the highest requirement. The Air Force praised the KC-767's superior aeromedical crew stations, its ability to generate oxygen onboard, and the power provided for aeromedical crew systems. The KC-30 again offered more quantity with less quality and less survivability.

A unit of The Boeing Company, Boeing Integrated Defense Systems is one of the world's largest space and defense businesses specializing in innovative and capabilities-driven customer solutions. Headquartered in St. Louis, Boeing Integrated Defense Systems is a $32.1 billion business with 71,000 employees worldwide.

Boeing

CONTACT: Bill Barksdale of Boeing Tanker Communications,
+1-314-232-0860, william.a.barksdale@boeing.com

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

Spreadtrum Announces SC6600V: First Single-Chip Demodulator/Decoder for CMMB-Based Mobile TV

SHANGHAI, China, May 7 /Xinhua-PRNewswire-FirstCall/ -- Spreadtrum Communications, Inc. , one of China's leading wireless baseband chipset providers, plans to announce its new mobile TV single chip solution, the SC6600V, the first demodulator/decoder chip for CMMB-based mobile TV during the "Asia Future TV 2008" conference. China Mobile Multimedia Broadcasting (CMMB) is a mobile television and multimedia broadcasting standard independently developed and specified in China by the State Administration of Radio, Film, and Television (SARFT). The SC6600V is Spreadtrum's new achievement in core chip technology for mobile multimedia broadcasting and it marks the latest in Spreadtrum's family of wireless and multimedia chip solutions. The SC6600V can work as both a stand-alone solution or with an external host device, such as Spreadtrum's family of GSM/GPRS baseband chips including the SC6600R, SC6600H, SC6800D, and others.

Spreadtrum's new SC6600V solution is an integrated CMMB demodulator and source decoder chip and is the first single chip solution that supports both AVS and H.264 video decoding standards. As the first CMMB single chip solution for mobile TV, the SC6600V is designed for feature phones. The SC6600V adopts an integrated platform design for communications and mobile multimedia to reduce the design period of Spreadtrum's customers. The SC6600V comes with a suite of Driver Application Programming Interfaces (API) to promote fast, rich customization of features and also provides an external tuner interface that can work with mainstream CMMB RF tuners. This design platform, with its wide range of applications and low product cost, should address Spreadtrum's customers' time-to-market and product differentiation requirements. Spreadtrum's SC6600V single-chip solution is designed to enable handset makers and carriers to offer mobile TV feature in feature phones at reasonable prices, instead of being relegated to expensive SmartPhones as most mobile TV solutions are currently. The successful development of the SC6600V should greatly help new mobile TV phones to enter the market and enable the commercial deployment of mobile TV prior to the Beijing 2008 Olympic Games.

Compared with traditional TV viewing, mobile TV is a new digital TV service that allows viewers to enjoy not only broadcast TV programs but also interactive applications over cellular networks as well. At every level of the mobile TV value-chain carriers, handset providers, infrastructure owners, content providers, broadcasters and semiconductor suppliers are increasing efforts behind their mobile TV plans to create new growth drivers for the mobile multimedia business. This highlighted effort has a solid underlying reason, as China had a market of over 547 million mobile phone users as of the end of 2007. With mobile TV, carriers can take full advantage of the network to provide more value-added services and the broadcasters to expand their user base through rich content resources and to achieve the mobility of the broadcasting network. CMMB is a homegrown mobile TV standard that applies to mobile devices such as mobile phones, PDAs and Portable Media Players (PMPs). It features free mobility, rich video and data services. In addition, it provides consumers with cost-effective mobile TV service that satisfies most consumers' needs and is expected to be used in the Beijing 2008 Olympic Games.

Mr. Ma Jv, President, Academy of Broadcasting Science of the State Administration of Radio Film and Television, indicated that, "We are very glad that Spreadtrum has developed the SC6600V, the first CMMB-based Mobile TV single chip solution for mobile phones, which integrated demultiplex, channel decoder and source decoder. We believe that it will help CMMB start to grow its market quickly, and we hope Spreadtrum will continue to unleash its technology strengths, allowing it to contribute to the CMMB industry's ongoing development and road to becoming prosperous."

Referring to the release of SC6600V chip, Dr. Ping Wu, President and CEO of Spreadtrum, said, "Spreadtrum has devoted considerable resources to the research and development of mobile multimedia technology for several years. We believe that Spreadtrum not only plays a leading role in chip design and commercialization, but also contributes significantly to the industrialization of homegrown standards. Spreadtrum's SC6600V chip shows Spreadtrum's deep expansion in the mobile multimedia field. The launch of SC6600V single chip solution shows Spreadtrum's consistent support to China's independently created standards building on its prior design successes in TD-SCDMA and AVS. We believe terminal products using Spreadtrum's mobile TV solutions should come to market in the near future. Spreadtrum remains dedicated to supporting the introduction of mobile TV solutions ahead of the Beijing 2008 Olympic Games. We sincerely hope that every family in China can watch and enjoy the 2008 Olympic Games through handsets based on Spreadtrum's mobile TV solution as if they are watching the Games on the scene."

About shipment

At present, the SC6600V has performed well in field trials. Spreadtrum will commence sampling of the SC6600V in Q2 2008.

About Spreadtrum:

Spreadtrum Communications, Inc. (Nasdaq: SPRD; "Spreadtrum") is a fabless semiconductor company that develops baseband and RF processor solutions for the wireless communications market. Spreadtrum combines its semiconductor design expertise with its software development capabilities to deliver highly- integrated baseband processors with multimedia functionality and power management. Spreadtrum offers terminal manufacturers a comprehensive portfolio of highly-integrated baseband processor solutions, as well as multimedia chips, RF chips, protocol software and software application platforms. Spreadtrum has developed its solutions based on an open development platform, enabling its customers to develop customized wireless products that are feature-rich and meet their cost and time-to-market requirements. For more information, please check http://www.spreadtrum.com/

About CMMB:

For more information on China Mobile Multimedia Broadcasting, please check http://www.cmmb.org.cn/

About AVS:

AVS (or "Audio and Video Standard") refers to the audio and video coding- decoding standard independently created by China.

For more information on AVS, please go to the Audio and Video Coding Standard Workgroup of China, at http://www.avs.org.cn/en/ .

Safe Harbor Statements:

This press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, without limitation, the expectation that mobile TV will be used in the Beijing 2008 Olympic Games, the expectation that the SC6600V chip's design platform would be able to address Spreadtrum's customers' time-to-market and product differentiation requirements, the expectation that the SC6600V chip would help new mobile TV phones enter the market and enable the commercial deployment of mobile TV prior to the Beijing 2008 Olympic Games, and the expectation that terminal products using Spreadtrum's mobile TV solutions should come to market in the near future. These statements are forward-looking in nature and involve risks and uncertainties that may cause actual market trends and Spreadtrum's actual results to differ materially from those expressed or implied in these forward-looking statements for a variety of reasons. Potential risks and uncertainties include, but are not limited to, Spreadtrum's customers' ability to use the SC6600V chip's design platform in meeting their time-to-market and product differentiation requirements; the timing of the market entry and commercial deployment of mobile TV phones; the timing of the market entry of terminal products using Spreadtrum's mobile TV solutions; continued competitive pressure in the semiconductor industry and the effect of such pressure on prices; unpredictable changes in technology and consumer demand for mobile TV phones. For additional discussion of these risks and uncertainties and other factors, please consider the information contained in Spreadtrum's filings with the U.S. Securities and Exchange Commission (the "SEC"), including the registration statement on Form F-1 filed on June 26, 2007, as amended, especially the sections under "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations," and such other documents that Spreadtrum may file with the SEC from time to time, including on Form 6-K. Spreadtrum assumes no obligation to update any forward-looking statements, which apply only as of the date of this press release.

Media Contact: William Shi Email: news@spreadtrum.com Tel: +86-10-6270-2988

Spreadtrum Communications, Inc.

CONTACT: Media Contact: William Shi at news@spreadtrum.com or
+86-10-6270-2988

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

DuPont and Dainippon Screen to Develop Printed OLED Technology for Growing Flat Panel Displays MarketAlliance to Focus on Reducing OLEDs Production Costs

WILMINGTON, Del. and KYOTO, Japan, May 7 /PRNewswire-FirstCall/ -- DuPont and Dainippon Screen Manufacturing Co., Ltd., today announced their intention to form a strategic alliance to develop integrated manufacturing equipment for printed organic light emitting diode (OLED) displays. The companies also have signed an agreement relating to their intention to bring together the elements needed -- materials, technology and equipment -- to mass produce OLED displays, delivering higher performance at a lower cost.

OLEDs are displays in which pixels are created using thin films made of emissive organic materials. Compared with liquid crystal displays (LCDs), OLEDs can have much higher contrast ratios, lower power consumption (because pixels draw power only when they are in use), faster response time, and eliminate the need for the backlight and color filter. Small-size active matrix OLED displays have recently become available from several manufacturers, but the current high-cost of manufacturing limits market adoption, and constrains OLED manufacturing for large size displays.

"The flat panel display market is about $100 billion annually and growing. DuPont is applying its science to make possible more vivid displays that are lower cost than current LCD displays," said David B. Miller, group vice president, DuPont Electronic & Communication Technologies. "We are excited to combine our strengths with Dainippon Screen's unique printing technology to bring to market the core technology that will enable improved high definition televisions and other flat panel displays."

The companies are developing integrated coating and printing equipment for the fabrication of OLED displays from solution, an approach which is unique in the industry and can significantly reduce manufacturing costs for OLED displays. DuPont brings to the alliance its distinctive small molecule-based OLED solution materials and proprietary process technology from which excellent performance has been obtained in testing. Dainippon Screen has developed a unique printing technology, called nozzle printing, in which the OLED materials can be printed accurately at very high speed. The goal of the alliance is to develop integrated OLED printing and coating equipment that will significantly reduce the production costs of flat panel displays, with the aim of extending OLED technology to large size displays and making them cost-competitive with LCDs.

The companies have been working together over the past three years to jointly develop nozzle printers as an efficient method for printing OLED displays from solution. The first production scale printer is currently being constructed.

"We were interested in extending our deep LCD equipment experience into the OLED marketplace and we felt that DuPont had developed a much needed, viable approach to OLED materials and technology that could expedite the commercialization of cost-effective OLED manufacturing," said Yoshinari Yaoi, corporate senior executive officer and president, FPD Equipment Company, Dainippon Screen. "We believe that this alliance could be the key for manufacturers to be able to produce affordable, high-quality larger sized OLEDs using our unique nozzle printer technology."

Dainippon Screen, established in 1943, is a leading supplier of flat panel display and semiconductor equipment. Screen is currently involved in manufacturing production equipment in a variety of fields, including FPDs, semiconductors, printed circuit boards, and printing and prepress equipment such as thermal CtP recorders and on-demand printing systems. For more information, please visit: http://www.screen.co.jp/.

DuPont is a science-based products and services company. Founded in 1802, DuPont puts science to work by creating sustainable solutions essential to a better, safer, healthier life for people everywhere. Operating in more than 70 countries, DuPont offers a wide range of innovative products and services for markets including agriculture and food; building and construction; communications; and transportation. For more information, please visit: http://www.dupont.com/.

Photo: OLEDs With DuPont and Dainippon Technology -- http://www2.dupont.com/Media_Center/en_US/assets/mmg/images/DuPont_OLED_Displa y.jpg

Due to the length of this URL, it may be necessary to copy and paste this hyperlink into your Internet browser's URL address field. Remove the space if one exists.

Caption: 4.3" diagonal full-color OLED made with DuPont materials and Dainippon equipment

DuPont

CONTACT: Dan Turner of DuPont, +1-302-774-0081,
daniel.a.turner@usa.dupont.com; or Yoshihiro Fujimoto of Dainippon Screen Mfg.
Co., Ltd., +81-75-417-2522, fuji@screen.co.jp

Web site: http://www.dupont.com/
http://www.screen.co.jp/

Verizon Awards $50,000 Grant to Provide Georgia Teachers With Training to Use Thinkfinity.org's Free Online ResourcesThinkfinity.org Now Also Offers Free Educational Resources for Parents, Students and After-School Programs

ATLANTA, May 7 /PRNewswire/ -- The Georgia Department of Education received a $50,000 grant Wednesday (May 7) from the Verizon Foundation to raise awareness of the thousands of free educational resources available on Thinkfinity.org and to provide teachers throughout the state with free training to use those resources.

Thinkfinity.org is the Verizon Foundation's comprehensive online portal to more than 55,000 educational and literacy resources for teachers, parents and students. Resources include standards-based, grade-specific, K-12 lesson plans and engaging interactive activities provided in partnership with many of the nation's leading educational and literacy organizations.

Thinkfinity.org offers elementary through high school teachers resources across eight academic disciplines, from science to English to mathematics, to improve student achievement. Thinkfinity.org is designed to help teachers gain access to high-quality online resources quickly.

The Verizon Foundation announced the grant Wednesday morning at Parkside Elementary School, Atlanta, where teacher Michele Alford taught her class, using interactive Thinkfinity.org resources.

The grant will be used to: -- Provide professional development opportunities to classroom teachers statewide through on-site and online training. -- Raise awareness of Thinkfinity.org resources and professional development opportunities to educators statewide.

"As we strive to lead the nation in improving student achievement, it's crucial that we have these types of partnerships with the business community," said Kathy Cox, Georgia superintendent of schools. "While we're rolling out our more rigorous curriculum, the Georgia Performance Standards, Thinkfinity.org is providing additional resources for our teachers so they're prepared to deliver top-notch instruction in the classroom. On behalf of all Georgia students and teachers, I extend my thanks to Verizon for their commitment to education."

To make the Thinkfinity site even more valuable to teachers, students and parents, the Verizon Foundation recently announced several enhancements and improvements to Thinkfinity.org, including:

-- The addition of 500 new resources. -- Individual portals to allow users to search for resources targeted to educators, students, parents or after-school programs. -- A dynamic new look. -- A simple, more comprehensive search engine. -- Ability to search for resources tailored to individual state standards.

In addition to providing standards-based resources from the nation's leading educational and literacy organizations, Thinkfinity.org also offers a comprehensive professional development program that allows teachers to sign up for free online or face-to-face training to learn how to make the most of Thinkfinity.org tools.

"Whether it's an English teacher looking for resources to spark a love of reading in a student, or a parent seeking a convenient and user-friendly educational activity to stimulate the mind of a young child, Thinkfinity.org will help them quickly and easily find the information needed to improve student achievements," said Michelle Robinson, Verizon senior vice president, Southern region.

Content for Thinkfinity.org is provided through a partnership between the Verizon Foundation and 11 of the nation's leading organizations in the fields of education and literacy: the American Association for the Advancement of Science, International Reading Association, The John F. Kennedy Center for the Performing Arts, National Center for Family Literacy, National Council on Economic Education, National Endowment for the Humanities, National Council of Teachers of English, National Council of Teachers of Mathematics, National Geographic Society, ProLiteracy Worldwide and the Smithsonian National Museum of American History.

The Verizon Foundation, the philanthropic arm of Verizon Communications, supports the advancement of literacy and K-12 education through its signature program, Thinkfinity.org, and fosters awareness and prevention of domestic violence. In 2007, the foundation awarded more than $67.4 million in grants to nonprofit agencies in the United States and abroad. The foundation also matched the charitable donations of Verizon employees and retirees, resulting in $25.1 million in combined contributions. Through Verizon Volunteers, one of the nation's largest employee volunteer programs, Verizon employees and retirees have volunteered more than 3 million hours of community service since Verizon's inception in 2000.

For more information on the foundation, visit http://www.verizon.com/foundation.

Verizon Communications Inc. , headquartered in New York, is a leader in delivering broadband and other wireline and wireless communication innovations to mass market, business, government and wholesale customers. Verizon Wireless operates America's most reliable wireless network, serving more than 67 million customers nationwide. Verizon's Wireline operations include Verizon Business, which delivers innovative and seamless business solutions to customers around the world, and Verizon Telecom, which brings customers the benefits of converged communications, information and entertainment services over the nation's most advanced fiber-optic network. A Dow 30 company, Verizon employed a diverse workforce of approximately 232,000 as of the end of the first quarter 2008 and last year generated consolidated operating revenues of $93.5 billion. For more information, visit http://www.verizon.com/.

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

Verizon

CONTACT: Brian C. Malina, +1-908-698-3930, brian.c.malina@verizon.com;
or Matt Cardoza, of Georgia Department of Education, +1-404-651-7358,
mcardoza@gadoe.org

Web site: http://www.verizon.com/
http://www.verizon.com/foundation
http://thinkfinity.org/

Company News On-Call: http://www.prnewswire.com/comp/618232.html

Northrop Grumman KC-45: Why We Won - Cost and Price ComparisonHighlighting reasons the U.S. Air Force selected the KC-45 Tanker as best for our men and women in uniform.

WASHINGTON, May 7 /PRNewswire-FirstCall/ -- The U.S. Air Force found Northrop Grumman Corporation's bid to build the next generation of aerial refueling tankers superior to Boeing's in four of the five most important selection criteria. Despite this fact, the losing bidder wants the Government Accountability Office to overturn the Air Force decision to award the contract to Northrop Grumman even though the Air Force conducted what even Boeing described as a fair, open and transparent bidding process. Here is another reason Northrop Grumman won, drawn from a list of facts included in a redacted version of a protected Air Force selection document.

Cost and Price Comparison

Federal contracting law requires the government agency awarding a contract to provide taxpayers with the best value possible. While agencies are allowed to award contracts to a company whose bid price is higher, it must be clear that the more expensive bidder offers a service of significantly higher value.

While Boeing claims Northrop Grumman's bid is more expensive, the Air Force concluded that Northrop Grumman's development and production costs were lower and the total life cycle cost (which includes development, procurement, military construction, and operations and support) for each system would be about the same. Accordingly, the Northrop Grumman KC-45 offered significantly more capability for the same cost, thus providing the Air Force and taxpayer with the best value.

The Air Force places a high priority on whether the contractor can stick to the price it submits in its bid. For system development, the Air Force assigned Northrop Grumman a "low" risk of exceeding its cost estimates but gave Boeing a "moderate" risk rating.

According to the Air Force source selection document, a "Moderate cost/price risk" is assigned "Only if some difference exists between the offeror's proposed cost/price and the government's probable cost/price that is not reasonably explained" in the offeror's proposal.

Indeed, the Air Force analysis of Boeing's proposal concluded that "Some difference exists between" Boeing's estimate and its own, and also that the difference between the two estimates was "Not reasonably explained."

In contrast, the Air Force assigned Northrop Grumman a "low risk" designation because "Little difference ... exists between the offeror's proposed cost/price and the government's probable cost/price. Northrop Grumman is more advantageous -- Boeing has higher cost/price risk on a larger program."

For production, the Air Force "Estimated Northrop Grumman as ... less than Boeing in developmental and initial production ... substantially less funds required to develop and buy the first 68 aircraft." The cost for each KC-45 was significantly less expensive than each KC-767.

The Air Force concluded that "Northrop Grumman's more advantageous cost/price proposal was a discriminator" in deciding Northrop Grumman's bid was superior to Boeing's. Overall, when combined with the KC-45's superior capability, the Northrop Grumman proposal provided the Air Force with the best value.

About the KC-45

The KC-45 Tanker aircraft will be assembled in Mobile, Ala., and the KC-45 team will employ 48,000 American workers at 230 U.S. companies in 49 states. It will be built by a world-class industrial team led by Northrop Grumman, and includes EADS North America, General Electric Aviation and Sargent Fletcher.

Northrop Grumman Corporation is a global defense and technology company whose 120,000 employees provide innovative systems, products, and solutions in information and services, electronics, aerospace and shipbuilding to government and commercial customers worldwide.

Northrop Grumman Corporation

CONTACT: Randy Belote, +1-703-875-8525, randy.belote@ngc.com, or Tim
Paynter, +1-321-961-1101, tim.paynter@ngc.com, both of Northrop Grumman
Corporation

Web site: http://www.northropgrumman.com/kc45

Restaurants Hungry for Data-Rich Expansion Strategy

FORT WORTH, Texas, May 7 /PRNewswire/ -- A rapidly growing trend in the restaurant industry is using consumer buying and dining data, provided by Buxton's Real Estate Solutions, to select sites for expansion. Identifying and profiling customers so that sites with the highest concentration of their customers are selected is the key to success, but in consideration of an economic slowdown, the ability to measure performance enables restaurants to avoid opening mediocre locations and select only the very best. Buxton's newest restaurant clients using this cutting-edge, customer analytics method are Pei Wei Asian Diners, Granite City Food and Brewery, Mimis Cafe and Burrachos Fresh Mexican Grill.

Buxton's Real Estate Solutions will provide these restaurants with detailed profiles of customers, identifying who they are, where they live, their purchasing behaviors and other lifestyle characteristics. This information is then used to create a "Sales Model" which identifies all prospective customers, and statistically calculates sales for each site under consideration. This analysis is used as a tool for opening only the restaurants with the highest possible potential for success.

Buxton has an excellent track record with restaurant clients, helping more than 100 restaurants with strategic growth plans. Clients that have incorporated Buxton into their real estate strategy include California Pizza Kitchen, Peter Piper Pizza, Islands Restaurants and Morton's.

Data provided by Buxton is used not only for site selection, but benchmarking how well existing stores should be performing and analyzing entry into new markets. Additionally, our clients will use this information to optimize the markets they are in by opening new locations without cannibalizing their existing restaurants.

About Pei Wei Asian Diners

A quick-casual restaurant, Pei Wei's menu samples flavors from Thailand, Vietnam, Japan and China. Dishes are individually prepared and made-to-order using Mandarian-style woks. Currently operating in 24 states, Pei Wei is based out of Scottsdale, Ariz.

About Granite City Food and Brewery

Based in St. Louis Park, Minn., Granite City Food and Brewery has been serving made-from-scratch food and signature beers throughout the Midwest since 1999. Granite City features an on-site brewery, with hand-crafted beers offering unique styles and flavors not typically produced by major breweries. The company operates 18 restaurants in eight Midwestern states.

About Mimis

Mimis Cafe is an upscale family dining restaurant with 132 locations in 22 states. Mimis Cafe is a unit wholly owned by Bob Evans Farms, Inc., a publicly traded company (NASDAQ ticker symbol BOBE), and is known and loved for its full breakfast, lunch and dinner menus with high-quality, eclectic cuisine, unparalleled service and tastefully appointed decor.

About Burrachos Fresh Mexican Grill

In 2005, Burrachos started as a fun, fast casual Mexican restaurant, where it began making delicious and wholesome food exactly the way the customers want it. Using only the freshest and highest quality ingredients, Burrachos operates several locations in Wisconsin and is currently looking to expand in other states.

About Buxton

Since 1994, Buxton has been the industry leader in customer analytics for the retail industry. Its focus now includes healthcare organizations, consumer packaged goods manufacturers and city governments. Buxton draws from its individual- and household-level data to determine lifestyles and buying habits to clearly identify an organization's best customers and find more like them anywhere in the U.S. Among its 1,700 clients are FedEx Kinko's, California Pizza Kitchen, The Container Store and New Balance Shoes. Buxton's founder Tom Buxton was named the Ernst & Young Entrepreneur of The Year(R) 2007 in Business Services for the Southwest Area. In 2006, Retail Traffic recognized Buxton as one of three figures "influencing the future of retail real estate."

For more information, visit BuxtonCo.com.

Buxton

CONTACT: Courtney Hall of Buxton, +1-817-332-3681, chall@buxtonco.com

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

Revised: EDS and Microsoft Announce Alliance for Airline Reservation ProductsUse of Microsoft Tools Will Support Modernization and Operations of EDS Airline Products

PLANO, Texas, May 7 /PRNewswire-FirstCall/ -- EDS today announced the signing of a comprehensive agreement with Microsoft around EDS airline reservations, flight operations and service oriented architecture products. With the announcement, EDS will use selected Microsoft tools, software and resources in the modernization and operations of its airline service oriented architecture (SOA) products. Microsoft will provide architecture specialists, advanced 24-hour support, a new model for software licensing, additional investment into the products and access to new customer channel management tools to form a truly unique go-to-market relationship. The agreement is for a duration of eight years.

"We have spent considerable time analyzing technology tools and capabilities and reached the conclusion that EDS Agility Alliance partner Microsoft offers us the best path forward for modernizing and enhancing our airline reservations, flight operations and service oriented architecture products," said Jim Dullum, EDS vice president and leader Global Transportation Industry. "This relationship will be unparalleled in providing the strongest combination of technology, industry expertise, products and architectural innovation to the airline industry."

Joint sales and marketing activities will begin immediately and the first technology components will go live this summer. The EDS products using Microsoft's technology will include reservations, flight planning, flight operations and the airline SOA.

"The travel and hospitality industry is important to Microsoft. It is an ideal environment for .NET, SQL and distributed workflow services, and we found the EDS vision, investment and product direction to be a leading industry proposition," said Geoff Cairns, Microsoft's Managing Director for Hospitality worldwide. "This agreement is a strong validation of the capabilities of Windows & SQL Server and the broader product portfolio's ability to scale and deliver Enterprise SOA solutions."

As a member of the EDS Agility Alliance, Microsoft provides the standard platform for EDS' desktop and server operating systems, and integrated development environments. EDS clients turn to the alliance for development, management and modernization of their mission-critical applications and infrastructure, including the next generation of .NET, workplace and mobility solutions.

As the leading global airline IT services provider, EDS brings world-class technology solutions to help airlines and transportation customers sustain competitive advantage in a tightly constrained market.

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.

CONTACTS: Annabelle Baxter EDS 972 605 0978 annabelle.baxter@eds.com

Electronic Data Systems Corporation

CONTACT: Annabelle Baxter of EDS, +1-972-605-0978,
annabelle.baxter@eds.com

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

Beers + Cutler Silver Sponsor of Deltek Insight 2008 Conference

TYSONS CORNER, Va., May 7 /PRNewswire/ -- Beers + Cutler, the leading accounting and consulting firm focused on the Washington, DC region, announced it will be a Silver Sponsor for the three-day Deltek Insight 2008 Conference to be held at the Gaylord Opryland Resort & Convention Center in Nashville, May 19-22, 2007.

Beers + Cutler was the first strategic alliance partner of Deltek Enterprise business solutions providing professional and comprehensive consulting services, including project and financial accounting, time and expense collection and business intelligence and reporting. The firm has extensive experience providing consulting services for Deltek Costpoint, Deltek's industry-leading enterprise applications software designed specifically for project-based organizations.

The Deltek Insight 2008 Conference will bring together more than 3,000 attendees, including Deltek product users, partners and subject matter experts. Attendees will receive updates on the latest industry trends, best practices and product enhancements and introductions.

"Our long-time partnership with Deltek has provided a wide-ranging suite of services to businesses and organizations nationwide. Over the years we have expanded our product offerings in order to meet our clients' needs and look forward to discussing with industry professionals the latest trends and developments," said Peter Lauria, partner and practice leader of Beers + Cutler's Business Information Systems consulting practice.

During the conference, Beers + Cutler professionals will be available to meet with Deltek customers to discuss industry trends and best practices. Beers + Cutler partners also will be panelists in sessions addressing Surviving a DCAA Audit and a Government Contract Industry Outlook. Additionally, firm representatives will be on hand to address the impact of the 2008 Economic Stimulus Package for small and mid-sized businesses.

About Beers + Cutler

Beers + Cutler is the leading accounting and consulting firm focused on the Washington, DC region with over 300 employees providing tax, assurance and consulting services to many of the area's top companies and institutions. As experts in the industries that drive the region's economy, Beers + Cutler blends technical expertise with in-depth industry experience in real estate, commercial business, professional services and government contracting.

Beers + Cutler ranks as a "Top 50 Firm" nationally according to Accounting Today and is an independent member of Baker Tilly International, a premier international network of accounting and business advisory firms. For more information visit us at beersandcutler.com.

About Deltek

Deltek(R) is the leading provider of enterprise applications software designed specifically for project-focused businesses. For more than two decades, our software applications have enabled organizations to automate mission-critical business processes around the engagement, execution and delivery of projects. More than 12,000 customers worldwide rely on Deltek to measure business results, optimize performance, streamline operations and win new business. Visit http://www.deltek.com/.

Beers + Cutler

CONTACT: Jason Beckstrom of Beers + Cutler, +1-703-923-8521,
jbeckstrom@beersandcutler.com; or Channa Luma of The Weiser Group, for Beers +
Cutler, +1-302-368-2345, cluma@weisergroup.com

Web site: http://www.beersandcutler.com/
http://www.deltek.com/

RCM Technologies, Inc. Joins with Viable Resources for Implementation and Installation of Avaya, Inc. Hardware and Software

PARSIPPANY, N.J., May 7 /PRNewswire-FirstCall/ -- RCM Technologies, Inc. has joined forces with Viable Resources, Inc. to provide implementation and installation services to business partners of Avaya. The combination of RCMT's unique ability to operationalize a streamlined, dependable process coupled with the skills of Viable Resources to implement Avaya's solutions, is a winning combination for Avaya's customers and Business Partner community.

"This is great news for the indirect channel and our customers," advises Strategic Products and Services (SPS) Sales Vice President Jim Felicetti, one of Avaya's largest Business Partners. "We have successfully partnered with Viable Resources on numerous occasions on the professional services side for some very challenging implementation-proving they already have the hard part down! It just makes sense that they now offer the full end-to-end implementation."

The newly introduced, Viable Resources Implementation Services or VRIS will be operationally supported by RCMT and will deliver turn-key implementations to the Avaya indirect channel. A typical project entails customized implementation of Unified Communications, IP Telephony, Contact Center and Enterprise Solutions. In order to maximize the efficiency of the partnership for Avaya dealers, VRIS includes project management, pre-sales support; proposal requests; pricing; and scheduling delivered by a team of dedicated consultants to insure complete project success.

"We knew right away that the VRIS solution would be well-prepared, well-equipped and well-qualified to address this new arena without missing a beat," says RCMT Senior Vice President Bill Gargano. "And, to make this particularly easy, with our support VRIS includes a help line for sales proposals, questions and orders so the Avaya Business Partners can seamlessly transition to VRIS without any challenges or chaos."

To engage the new implementation capabilities of VRIS, just call 877-PM-AVAYA

About RCMT

RCM Technologies, Inc. is a premier provider of business and technology solutions designed to enhance and maximize the operational performance of its customers through the adaptation and deployment of information technology and engineering services. RCM has been and innovative leader in the design, development and delivery of these solutions to commercial and government sectors for more that 35 years. RCM's offices are located in major metropolitan centers throughout North America. Additional information can be found at http://www.rcmt.com/.

About Viable Resources Implementation Services

VR and VRIS are wholly owned by Contact Center Resources, LLC. Viable Resources, Inc. (VR) is a Contact Center Professional Services firm with over 850 years of combined experience in the implementation, integration and optimization of Avaya Contact Centers. VR's portfolio of services and solutions includes: Business Consulting, Integration Services, Contact Center Design, Call Management System (CMS), Contact Center Express (CCE), Small Call Center and IP Solutions, CTI Development and Integration, BCMR Desktops, and Avaya IP Office. VRIS provides Implementation Services for all of Avaya's systems and solutions. VR and VRIS sell their services through the network of Avaya Business Partners and provide pre-sales support to the Business Partner community in an effort to help them sell more Avaya Call Center Solutions. The newly introduced Viable Resources Implementation Services (VRIS) will round out the support of Avaya hardware and software solutions by providing turn-key implementations for Avaya's indirect channel. http://www.vr-inc.com/.

About Avaya

Avaya delivers Intelligent Communications solutions that help companies transform their businesses to achieve marketplace advantage. More than 1 million businesses worldwide, including more than 90 percent of the FORTUNE 500(R), use Avaya solutions for IP Telephony, Unified Communications, Contact Centers and Communications-Enabled Business Processes. Avaya Global Services provides comprehensive service and support for companies, small to large. For more information visit the Avaya Web site: http://www.avaya.com/.

RCM Technologies, Inc.

CONTACT: Frank Bradley, +1-215-340-9090 ext. 102, for RCM Technologies,
Inc.

Web site: http://www.rcmt.com/
http://www.vr-inc.com/
http://www.avaya.com/

MTS Amends Employee Remuneration Program

MOSCOW, May 7 /PRNewswire-FirstCall/ -- Mobile TeleSystems OJSC ("MTS") , the largest mobile phone operator in Russia and the CIS, announced the expansion of its employee remuneration program.

MTS' Board of Directors approved amendments to the employee motivation and retention program that was adopted in June 2007 with reward periods extending through 2011.

As amended, the program will involve a total of 10,207,751 phantom and actual American Depositary Receipts (ADRs). A portion of the ADRs will come from the unrealized part of the previously announced program. All payments for phantom ADRs will be made in cash. The actual ADRs used in the option program will come from the shares repurchased by the Company as part of its previously announced share buyback program providing it with an opportunity to create an ADR reserve for its corporate needs, one of which being the options program.

The amended program increases the share of individual employee's compensation dependent upon the level of investment appeal of the Company as judged by growth in share price combined with dividend payout, or total shareholder return (TSR), as well as the realization of key strategic goals. Program participants become eligible for their awards upon reaching an annual TSR level of not less than 15%.

Prior to its amendment, the program included 3.6 million phantom ADRs as well as performance-based monetary awards that were independent of the stock price.

The number of participants and the vesting periods have not been changed. As previously announced, up to 420 top- and mid-level current and future managers, representing various functions within each of the six countries in which MTS operates, will be eligible to participate in the program. Reward periods for the phantom program will extend through 2011, while vesting periods could last up to two years.

"We are expanding the existing employee remuneration program in order to further strengthen the tie between employee and shareholder interests and the Company's development strategy. The program's main features have not changed with the amendments aimed at better motivating employees, as well as attracting the best professionals, and setting higher goals for management," commented Chairman of the Remuneration and Appointments Committee of the MTS Board of Directors, Mr. Paul Ostling.

"Despite the expansion of the remuneration program, we are confident that growth of operations and increasing efficiency levels will allow us to reach the 50% OIBDA margin in 2008," highlighted MTS' Chief Financial Officer, Mr. Vsevolod Rozanov.

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

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

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

MTS Mobile TeleSystems

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

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News archive of November 2009
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